EFTA01125921.pdf

445 Park Avenue Suite 1401 Ncw York, New York 10022 Elysium Management LLC Ada Clapp Phone: 646-589.0303 Email: To: Jeffrey Epstein From: Ada Clapp Cc: Bradley Wechsler Date: March 23, 2015 Re: Phaidon Charts/Eileen's Authority Brad asked me to send you the attached items: 1. A chart listing the family entities for which Eileen has authority to act. Brad indicated that some of the banking authority has already changed since the delegations were issue and that other banking authority is in the process of changing. 2. Updated versions of the Phaidon charts Brad sent to you on March 5th. Please note that late Friday we discovered changes that need to be made to page 2. This page shows funds transferred November 2014 as follows: • $806,000 from APO2 Trust to PLB LLC ("PLB") • $45,000 from 1997 GST-Exempt Trust to PLB • $149,000 from APO' Trust to PLB • $1 million from PLB to Phaidon Global LLC ("Global") In fact, the November, 2014 bank statement for Global indicates that funds were transferred directly into Global's account (and not into PLB's account), as follows: • $850,750 from APO2 Trust to Global • $140,925 from APOI Trust to Global • $8,325 from APOI Trust to Global It was intended that the APO2 Trust would lend $45,000 to the 1997 GST-Exempt Trust, so it could make a contribution to PLB. Depending on our overall restructuring, we can prepare a Note to reflect the loan. We can also prepare a contribution agreement to reflect that the intention was for each of the trusts to make their contribution into PLB and for PLB to make the $1 million contribution to Global. The chart shows a $1,000 receivable from Leon to JMWT LLC but should also show a $1,000 receivable from JMWT LLC to Global. I believe we should consider having both receivables paid. EFTA01125921  PHAIDON STRUCTURE CHART 3/19/2015 DRAFT Acquisition Funding (augmented by incremental KEY: $3.2m investment March & May 2013 - shown in blue) *Trustees BC, JH, RR Bents DRB, BEB, JMB, ASB, VRB BEB 2011 JMB 2011 ASB 2011 VRB 2011 Trust Trust Trust Trust "Trustees DRB, BC, JR, RR Benes BEB, JMB, ASB, VRB, DRB "'Trustees BC, JH, DRB, UST Admin Benes BEB, JMB, ASB, VRB LDB 2011 LLC Black Family 1997 Trust (DE)•" 1997 GST EX (NY)** Trust (NY)" LOAN $54m 10/3/12 S33m 80.59% EQUITY 14.93% 4.48% 10/3/12 (Repaid 10/24/13 567k* & 4/16/14) LOAN 11/4/12 X100% 51.6m • Black 3/14/13 Family PLB LLC (DE) JMWT LLC (DE) Partners LP Manager: JH 567k 1 I/4/12 EQUITY Manager. LDB LOAN SI.6m 5/21/13 ADVANCE for Pret. shs $1.6m3/i4 B 0.1% Designated Members: ► , ,' JMWT Acquisition LLP (UK) JMWT LLC — Leon Black ADVANCE PLB LLC — Debra Black Stem £27.5m 10/3/12 5/22/13 T EQUITY £13.7m 10/3/12 DEBT 10/3/12 JMWT Topco Limited (UK) Directors: LDB, EA $66,001,800 EQUITY £27.5m 10/3/12 $332,510 STAMP TAX y EQUITY $242,812 ACQ EXP JMWT Midco Limited (UK) Directors: LDB, EA McFarlane's Client Account fo JMWT £27.5m + £13.7m 10/3/12 EQUITY • Acq LLP on behalf of -10--• • - JMWT Limited (UK) PLB & JMWT LLCs Directors: LDB, DRB, EA ► BIDCO 1 LE41.2m to selling Subscription for Pref. shs To Shareholders for PPI. 'As (£ 2.11m = S3.2m) 10,312 10/24/13 Phaidon Press Limited (UK) Directors: Key Execs, EA Phaidon Press Phaidon Press Phaidon Press Phaidon Press Phaidon Press MRL (UK) Phaidon Press Inc. GmbH Sarl SI KK (Australia) (Germany) (France) (Italy) (Japan) •55 transferred from Leon & Debra JT Acct, NB. LDB has no separate account EFTA01125922  PHAIDON STRUCTURE CHART: Financing subsequent to formation of Phaidon Global 3/19/2015 DRAFT All entities shown, Schedule A as Artspace Acquisition Detail Reflecting activity a/o 12/31/14 201 ‘ "... JMB 2011 • (" -- ASB 2011 • I r "- -V12B .9i T 2011.. -••r KEY: • .. Trust", • c% Trust"' . . Trust"' , • • .. rust"' • - ----- - , - ----- - 'Trustees BC, JH, RR Bents DRB, BEB, JMB, ASB, VRB rt Black Fami y 1997 Trust...* LDB 2011 LLC (DE) "1 "Trustees DRB, BC, JH, RR • •• Member Managed ' • (NY)" , Berms BEB, JMB, ASB, VRB, DRB —......i .—...—• "'Trustees BC, JH, DRB, UST Admin 41 i Beam BEB, JMB, ASB, VRB ..) APO2 Trust APO' Trust (NY)• ) (NY)' 1997 GST EX 80.59% Leon Black 14.93% Trust (NY)" 100% EQUITY EQUITY REC 51k 5500k 8113/14 EQUITY 51491. EQUITY 100% 54.25m 8/14/14 1806k 1 1/14 11/14 • 11/14 V EQUITY S200$4 Paul. I I/13/14 Black Weiss PLB LLC (DE) Family Ann LLC DE) Manager: JH Partners LP Manager: LDB Client Account EQUITY S250k Slm LOANS 06/25/14 EQUITY 513.35m WAN I I/14 99.9% (9;B - WW) 0.1% PASI LLC (DE) Slm Judith Regan Manager BC 12/24114 PHAIDON GLOBAL LW (DE) 100% Regan Media Debra Manager: JMWT LLC Inc. Black 75% EQUITY 100% 100%\ 25% 54.75m LOAN $3 0t N14 8/16/14 5450k 99.9% PHAIDON LLC (DE) AS 12/24/14 Regan Arts LW (DE) LitKit LLC (DE) HIdgs Ltd. Formerly: JMWT Mgr LLC Board of Mgrs: JMWT Board of Mips: (Bermuda) Manager: JMWT LLC LLC, JR JMWT LLC, JR 0.1% Mgr. PAST LLC Members: Phaidon Global, Phaidon LLC Officer EA JMWT Acquisition LLP (UK) Manager: Phaidon LLC 100% 100% ARSP LLC (DE) JMWT Topco Limited (UK) Directors: LDB, EA Manager: Keith Fbx 100% 100% • • Artspace LLC (DE) JMWT Midco Limited (UK) Directors: LDB, EA Formerly: AS Acq LLC 4 Manager: Keith Fox LOANS 100% SI I.53m (9/13-12/14) JMWT Limited (UK) Directors: LDB, DRB, EA To Artspace owners on behalf of AS Acq LLC and Parent Entities 100% Phaidon Press Limited (UK) Directors: Key Execs, EA Phaidon Press Phaidon Press Phaidon Press Phaidon Press Phaidon Press MRL (UK) Phaidon Press Inc. GmbH Sarl Srl KK (Australia) (Germany) (France) (Italy) (Japan) EFTA01125923  3/19/2015 DRAFT Schedule A Artspace Acquisition Detail EQUITY S500k 84314 100% 54.25m 8:14/11 EQUITY S200k 11/13/14 Paul. Weiss Client Account PASI LLC (DE) Manager: BC 100% EQUI ry V 5250k 08/25/I4 EQUITY $4.75m AS 8/16/14 HIdgs Ltd. (Bermuda) Mgr: PASI LLC Officer: EA 100% • ARSP LLC (DE) Manager: Keith Fox • 100% • Artspace LLC (DE) Formerly: AS Acq LLC Manager: Keith Fox To Artspace owners on behalf of AS Acq LLC and Parent Entities 3 EFTA01125924  PHAIDON GOVERNANCE STRUCTURE CHART 3/19/2015 DRAFT KEY: ----- - ------ , "filiSICCS - ----- I kildik BEB 2011 s, I' JMB 2011 • i " ASB 2011 • s VRB 2011 . , Trust*" ••• ( Trust'" „, Managers/Officers • Trust*** ♦ t , ----- Trust*" ----- 'Original Owner *BC, .111, RR -------- ASB, V12B Black Family 1997 TrustS t LDB 2011 LLC (DE) ."‘ • ( Manager BC as of 6/14 "ORB, BC, JH, RR (NY)°°t ," • • lam e*:.1kmher Managed #.1 In IA 1N1B.ASIL VIZI3. ORB Decanted June 2014 Purchased by APOI *"BC, JII, DRB, UST Admin June 2014 IIIIII.JMB. AXIS. VRI3 C APOI Trust (NY)* 1997 GST EX Trust (NY)" Leon Black 80.59% 14.93% 4.48% 100% • 100% PLB LLC (DE) JMWT LLC DE) Manacer: JH Manager: LOB PASI LLC (DE) 0.1% Judith Regan Manager BC PHAIDON GLOBAL LLC (DE) 100% Regan Media Manager: JMWT LLC Inc. 100% I00% 75% 25% Regan Arts LLC (DE) LitKit LLC (DE) 99.9% PHAIDON LLC (DE) Board of Mgrs: RAW] Board of Mgrs: JMWT AS Holdings Ltd. Formerly:In/MT Mgr LLC LLC. JR LLC. JR (Bermuda) Manager: JMWT LLC Manager: PASI I,IA' • ity 0.1% Officer EAEA Orig. Members: JMWT LLC—Leon Black PLB LLC — Debra Black MWT Acquisition LLP (UK) Current Members: Phaidon Global, Phaidon LLC 100% Managing Member: Phaidon LLC 100% ARSP LLC (DE) Directors: LDB, EA Manager: Keith Fox JMWT Topco Limited (UK) 100% 100% Artspace LLC (DE) JMWT Midco Limited (UK) Directors: LDB, EA Manager: Keith Fox 1000/0 JMWT Limited (UK) Directors: LDB, DRB, EA 100% Phaidon Press Limited (UK) Directors: Key Execs, EA Phaidon Press Phaidon Press Phaidon Press Phaidon Press Phaidon Press MRL (UK) Phaidon Press Inc. GmbH Sail Srl KK (Australia) (Germany) (France) (Italy) (Japan) EFTA01125925