<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Friday, March 6, 2015 1:12 PM</td></tr><tr><td>To:</td><td>Brad Wechsler</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

why don't you have your paralegal do the same ( =harts ) for each and every entitiy, bjav, avionetaa. =AO narrows. pent. each Ilc. , every house. friends ventures. e=c. relate it to bank accounts . valuations. etc. .

On Fri, Mar 6, 2015 at 1=:39 AM, Brad Wechsler < > > wrote:

Je=frey,

At=ached please find a number of different documents:

1. =AO The corporate structure Phaidon, the trusts and the ac=uisition entities, all with attendant money movement. It should look haunt=ngly familiar. I still consider it a draft but I believe it is in pretty g=od shape.

2. =AO What Phaidon looks like now, after the insertion of Ph=idon Global, Art Space and the Regan entities. We also show the money that=was put into the various entities post the Phaidon acquisition (although t=e $3.2 million dollars that went in to 2013 to buy preferred shares is shown on the previous chart). a>

	3. =AO Phaidon governance structure showing trustees, benefic=aries and managers.

What I believe are th= next steps are as follows:

1. =AO We schedule a conference call for you, me and the team=here to answer your preliminary questions and to go forward to identify on=additional items you need nailed down. (These charts will be very hard to =ollow without a verbal walk-thru).

2. =AO Independent of that we are investigating exactly where=we have (and don't have) paper and confirming that people with app=opriate authority authorized corporate activities and fund transfers.</=>

Thanks a lot and speak to you.

Best, Brad

please =ote

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