From: Richard Joslin < Sent: Tuesday, December 23, 2014 8:24 PM To: jeffrey E. Subject: pls confirm Debra will lend $$ to Phaidon Global for monies to t=en be put into Phaidon Press (loan) and Regan Arts (equity) Debra will lend $$ to Artspace for monies to be put =nto Artspace. Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 New York, NY 10022 (w) (c) 1 EFTA_R1_01785126 EFTA02598885