<table><tr><th>From:</th><th>Richard Joslin</th></tr><tr><td>Sent:</td><td>Tuesday, December 2, 2014 4:12 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>FW: Phaidon Valuation: Follow-up Questions.</td></tr><tr><td>Attachments:</td><td>Phaidon Follow-up Financial Statement Questions.docx</td></tr></table>

Outstanding questions<=:p>