<table><tr><th>From:</th><th>Karp, Brad S</th></tr><tr><td>Sent:</td><td>Wednesday, January 27, 2016 6:50 PM</td></tr><tr><td>To:</td><td>jeevacation@gmail.com*</td></tr><tr><td>Subject:</td><td>Re: maybe useful</td></tr></table>

Thanks. Seeing him at 3:30 today.

Brad S. Karp I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP <u>1285 Avenue of the Americas I New York NY 10019.6064</u>

From: jeffrey E. [mailto:jeevacation@gmail.comj
Sent: Wednesday, January 27, 2016 01:23 PM
To: Karp, Brad S
Subject: maybe useful

as of oct 15 the deal was 50 % of phaidon and a signifiganct piece of the big transaction. he has always said he would have no problem paying a large fee, if "VALUE was clear. He attempted to use alans participation as a way to reduce the number. and our long standing agreement was 37 percent. I think another 40 is owed.

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