EFTA02470378.pdf

"From: jeffrey E. Sent: Friday, February 19, 2016 3:28 AM To: Brad Wechsler"

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

"Keith Fox CEO Phaidon"

"On Feb 12, 2016, at 8:33 AM, Magnus Resch > wrote:=u> Dear Keith,"

"Keith Fox au> CEO Phaidon"

"I would also li=e to introduce you to Maximilian Straub."

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

"works for McKinsey"

"Max was my partner in previous businesses"

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

"Anastasiya's share would=be 2.17% for her Series A shares"

"Keith Fox CEO Phaidon"

"On Feb 17, 2016, at 7:01 PM, Magnus Resch wrote: Dear Keith,"

"Btw: This is my lawyer (here http://www.goodwinprocter.com/People/D/Davis-Stephen.aspx)"

"Goodwin Procter is considered as the top lawyer for the tech industry."

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

"Magnus chooses three. Series A chooses one. ... effectively Magnus has 4 seat=."

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

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

"the documents say leon is the =nvestor? we should nt use the trusts as the substitute"

"I pushed my team to act really fast because we are running against the deadline... Magnus will provide advisory services to Artspace"

"we should nt use the trusts as the substitute if that is wh=t you mean. ?"

"We are reviewing the updated term sheet in the am with Leon."

"Both are standard documents, just adapted to our needs."