To: jeffrey E.fleevacation©gmail.com] From: Eileen Alexanderson Sent Tue 7/29/2014 4:33:57 PM Subject: this afternoon I am sure Leon made mention this morn of our effort to pursue an acquisition of Artspace for Phaidon. Rich and I have a call here at 12:30 with tax counsel regarding corporate structure. We now need to include discussion of where this fits in that corporate structure. Leon asked me to seek your input on this. This acquisition is on a fast track. Our LOI is supposed to be submitted by close of business today. Can we address today after other items are covered? it will necessarily be efficient to walk through this with the large group, we can narrow the group. Thanks, Eileen EFTA_R1_00357223 EFTA01917138