EFTA02470782.pdf

"On Feb 12, 2016, at 8:33 AM, Magnus Resch wrote: Dear Keith, Please find attached the term sheet and loan agreement."

"Keith Fox CEO Phaidon"

"Keith Fox CEO Phaidon"

"This is my lawyer (here ... goodwinprocter.com_People_D_Davis-DStephen.aspx)"

"On Feb 17, 2016, at 7:01 PM, Magnus Resch <...> wrote: Dear Keith, Today we have provided with all legal documents you asked for"

"It is intended that Phaidon, Artspace and Artace form a strategic partnership in regards to their activities in e-commerce, lead generation, editorial"

"Phaidon 65 Bleecker Street, 8th FL New York, NY 10012"

"Maximilian Straub... is member of the board of Artace. In this role he is taking care of all legal matters of the company"

"Maximilian Straub... works for McKinsey"

"Max was my partner in previous businesses"

"Keith Fox CEO Phaidon 65 Bleecker Street, 8th FL New York, NY 10012"

"This is my lawyer (here ... Stephen Davis.aspx). Goodwin Procter is considered as the top lawyer for the tech industry."

"Do you want this 2.2mm, non control, venture investment presented to trustees for their consideration?"

"2.25 Leon Black ... the fully diluted share of Leon Black should be 19.57%"

"I pushed my team to act really fast because we are running against the deadline this Friday."

"Magnus will provide advisory services to Artspace including but not limited to IT efficiencies, global gallery sales strategy and digital marketing in"

"We are reviewing the updated term sheet in the am with Leon. I plan to send you the revised documents tomorrow"

"Leon mentioned one change - 20% for 2.25mio... as otherwise I am getting under pressure from my alternative investors"

"Subject: Re: Fw: Term Sheet and Loan Agreement ... Is this for me? ... 2.25 Leon Black"

"Leon mentioned one change - 20% for 2.25mio, not 21.74% for 2.5mio"

"I need the name and address of the Black entity that will fund the loan."

"Yvonne Y.F.Chan I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP"

"Keith Fox CEO Phaidon"

"a total Series A investment of 2.5 mn (2.25 Leon Black, .25 Anastasiya Siro)"

"To finalize the docs ... I need the name and address of the Black entity that will fund the loan."