Re: Funding of Phaidon acquisition with detail re $67,000

Highlighted #1 on attached bank statements:

• 10/3/12 =AO $54,000,000 transferred from =lack Family 1997 Trust to PLB LLC (80.597% interest in PLB)<=p>

10/3/12 =AO $10,000,000 transferred from =DB 2011 LLC to PLB LLC (14.925% interest in PLB) 10/3/12 =AO $3,000,000 transferred from B=ack Family GST 1997 Trust to PLC LLC (4.478% interest in PLB)

10/3/12 =AO $67,000 transferred from Leon=acct 9982 to PLB LLC acct, funding from Leon for acquisition on behalf of =MWT (JMWT LLC bank account not yet open)

10/3/12 =AO $66,001,800 (41,000,000 GBP) =C2 transferred from PLB LLC acct on behalf of PLB and JMWT to MacFarlane=E2 s client account for purchase of Phaidon

10/12/12 =C2 JMWT LLC Bank account opened=/u>

Because Leon's contribution should have gone=through JMWT, once bank account was opened, the following transfers were m=de:

| 11/1/12 | =AO | $67,000 transferred back from=PLB to Leon's acct 9982 (highlighted #2 on attached)<=> |
| 11/1/12 | =AO | $67,000 transferred from Leon=9982 to JMWT LLC acct (highlighted #3 on attached) |
| 11/1/12 | =AO | $67,000 transferred from JMWT=LLC acct to PLB LLC acct (highlighted #4 on attached) |

Eileen Alexander=on

Elysium Management<=>

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thanks