EFTA01003455.txt

"From: Jeffrey E. To: Richard Joslin Date: Sat, 20 Dec 2014 03:04:01 +0000 who is phil?"

"I'd like to include a summary of previous BFP loans via credit facility to Phaidon Global"

"EA and I are putting together a draft trustee funding request with intent to give to you on Monday for review."

"Just reflect any new borrowings and interest being paid in the new notes as per JEE"

"Meeting with Phil was productive as he now has information to review."

"John at Phaidon has indicated that funding is needed in December: Regan Arts $500K"

"Phaidon Press $500K"

"I'd like to include a summary of previous BFP loans... with desire to begin dialogue to have trusts repay BFP"