<table><tr><th>From:</th><th>Richard Joslin</th></tr><tr><td>Sent:</td><td>Friday, November 21, 2014 3:36 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Phaidon @ Regan Art projections</td></tr></table>

Apparently EA got Phiadon last night and Regan Arts =his AM and sent to Brad/Richard. I have not seen.

EA had an envelope with notations

FY 2015 in MM

Revenue $9

- Production $2

- Promotion $1

- Advances (14) $2.1

- Advance (15) $2.5

- Plant &nbs=; $1

- Salaries &=bsp; $2

- Overhead $=.5

Net loss $2.1

Revenues will be backloaded; any "profits=; would be used to defray advances and production cost going forward<=o:p>

Richard Joslin

CFO

Elysium Management LLC

445 Park Ave

Ste. 1401

New York, NY 10022

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