EFTA01201265.pdf

From: Eileen Alexanderson To: Richard Joslin < >, Jeffrey Epstein <[email protected]> Subject: Fwd: Cash sources and uses and bridge loan Date: Sun, 03 Aug 2014 14:48:43 +0000 Attachments: Cash history_May_to_August.xls; ATT00001.htm; Artspace_Cash_Report_- _since_June_14.xls; ATT00002.htm These two attachment give addl color. They took addl money down after the 7/25 balance sheet. What a lesson in the 'way things work' with VC guys like this and how the rest of the investors get screwed! Begin forwarded message: From: Catherine Levene Date: August 2, 2014 at 7:03:18 PM EDT To: John Murphy < >, Eileen Alexanderson < Subject: Cash sources and uses and bridge loan Hi John and Eileen - Per your request, attached is a sources/uses of cash document as well as a spreadsheet of how we have been managing cash weekly, as well as a schedule of the bridge loan. Our need has been to have enough cash into the company to run the business until August 15th and reduce our AP and Commissions owed down to $500k max at the time of the transaction. We are hoping not to have to take in any more cash in the bridge and are pretty much on target to make it there when we close mid month (or ideally before.) Let me know if you have any questions. I think the final things I owe you right now are: I) Balance Sheet 2) Final ML account statements (all other bank statements have been uploaded) 3) Mackenzie Tuite Offer letter 4) Cap Table in $$ 5) 2013 Tax filing Anything else? Best Catherine EFTA01201265