EFTA01918262.pdf

To: Melanie SpineIla Eileen Alexanderson From: Jeffrey E. Sent Fri 8/1/2014 10:52:58 AM Subject art space I was not part of the process. so I come at this from only an outside perspective. 1. the term sheet is poorly drafted and makes little ssens. . non refundable 500k , even if their board does not approve the transcation or they do not/ cannot recevie shareholder approval. seems odd . 2. no sales tax provision on balance sheet.'?? internet sales ? , 3. asssets highly inflated 4. loans numbers make little sense. 33333, for I and 100k for another . can't tell wiheter or not this is principle ? current ? , many other cute entries. . 4. if willling to lose the 500k to tic it up , as a one month option. ok. 5. would like to see biz projections provided with their series b round, 6. also would like to see loan proposals that they say were rejected by every shareholder but the few listed. 6 . are there realeases for the employees that were terminated, arc there employee contracts still in place. bonus owed. etc. .. lets consider having josh and or ben in on the due diligence. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00359003 EFTA01918262