<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, August 6, 2014 4:53 AM</td></tr><tr><td>To:</td><td>Eileen Alexanderson; Richard Joslin</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

this appears to be her saying and agreeing to the higher v=lues, http://www.thenextwomen.com/2013/07/02/art-ntrepreneur-catherine-levine-her-11m-funding-round <http://www.thenextwomen.com/2013/07/02/art-entrepreneur-catherin=-levine-her-11m-funding-round>

On Tue, Aug 5, 2014 at 9:15 PM, Eileen A=exanderson <██████████████████████
<mailto:██████████████████████> > wrote:

Story in the press looks wrong. All I can tell you is that When Keith =ox and I visited Artsy a few weeks ago they said their cap raise got repor=ed in the same publication as 20 mil and it was only 10. Rich did rec on s=les tax. We did receive cap table in 5, it jives with what we had been told and John has asked to bank state=ents to check. Interest payment of 586k was prelates to payback on the bri=ge loans. Rich said it should not have been booked as interest but it was =x the first round of bridge loans that were to be paid back 3:1. Payroll taxes are paid by Trinet, who they =se for payroll. No cobra. Employees were cut without severance. Employees =ho want cobra get billed directly. Re litigation- suggestion was made that=we ask Pillsbury to attest that there is no known litigation-CEO says there is none. Also PW has built som= protective language into the merger agreement. Open to your suggestions o= this.

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On Aug 4, 2014, at 8:34 AM, "jeffrey E." <jeevacation@gmail.com <mailto:je=vacation@gmail.com> > wrote:=br>

to summarize artspace. 1 numbers d=n't see to match, to press or stories. 2 is john murphy co=petent to read us financails. 3. did you see any email extending the=amount of loans. did tax disrepancies get recitified. =AO , did cap table. ? interst payment of 586k, ? it appears to me is that they are=and have been bankrupt for a wwhile. . payroll taxes. cobra?=C2 any litigation ?

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## =C2 please note

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