<table><tr><th>From:</th><th>Richard Joslin</th></tr><tr><td>Sent:</td><td>Thursday, December 31, 2015 1:18 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Cc:</td><td>Joe Avantario</td></tr><tr><td>Subject:</td><td>RE:</td></tr></table>

Phaidon Press Ltd owes to Phaidon Global LLC - principal only $15,620,310

JMWT Ltd owes to Phaidon Global LLC — principal only $3,200,000

Artspace LLC owes through chain of entities to The Publishing Trust — principal only $3,301,000

No debt owed by Regan Arts LLC

From: jeffrey E. [mailto:jeevacation@gmail.comj
Sent: Wednesday, December 30, 2015 7:37 PM
To: Richard Joslin
Subject:

total debt now outstanding for phaidon et al. . include art space? regan?

please note

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