<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, December 31, 2015 1:44 PM</td></tr><tr><td>To:</td><td>Richard Joslin</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

did the chain on art space get dissolved?

On Thu, Dec 31, 2015 at =:17 AM, Richard Joslin rote:

Phaidon Press Ltd owes to Phaidon Glo=al LLC - principal only $15,620,310

JMWT Ltd owes to Phaidon Global LLC =E2 principal only $3,200,000

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

No debt owed by Regan Arts LLC=u>

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 no=e

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## please =ote

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