EFTA02595129

From: jeffrey E. <jeevacation@gmail.com> Sent: Wednesday, November 26, 2014 2:29 PM To: Brad Wechsler Subject: Re: Follow-up yes.. we need a purchase and sale. > wrote: Jeffrey-do we have the info now to have the transaction=executed? Original Message From: Richard Joslin [mailto <mailto >1 Sent: Wednesday, November 26, 2014 09:16 AM To: Brad Wechsler Cc: 'jeevacation@gmail.com <mailto:jeevacation@gmail.com> =1139; <jeevacation@gmail.com <mailto:jeevacation@gmail.com> Subject: RE: Follow-up Revision: Sustainable Woodlands tax basis $16,087,512; GAAP basis $18=828,441 a/o 12/31/2013 Original Message From: Richard Joslin Sent: Wednesday, November 26, 2014 9:15 AM To: 'Brad Wechsler' Cc: 'jeevacation@gmail.com <mailto:jeevacation@gmail.com> =1439; Subject: RE: Follow-up Re . 1: I have model with revisions to my previous comments. I =ave call at 10am with Phaidon CFO for further revision. 2016 is undrafted =ut I have reasonable estimate based on 2015 facts repeating in 2016. =Plan is to come up with funding nut for draft resolution to send to truste=s today. EA is drafting language pro the investment proposition. I t=ink we should send this to you/JEE for input. Given that Regan arts =d Artspace show difficulty showing a csh profit, ie needing extended fundi=g commitment, query if we go past 2017. Re 2. Understood Re 3. Tax basis of Sustainable Woodlands is $18,828,441 a/o 12/31/2013 Thought: It would be helpful to have direct dialogue with Judith Rega= re finances rather than interpretive version through Phaidon CFO. P=aidon business is similar but not the same as Regan Arts. There is p=rceived need to hire 6 staff in order to have sufficient marketing and sal=s team to support the number of titles (per Phaidon CFO presumably c=anneling Judith Regan) and a COO per EA. I think exact headcount sho=ld be nailed down in tandem with the development of 2-3 year business mode=s Original Message From: Brad Wechsler [mailto:BWechsler=imax.com <mailto Sent: Wednesday, November 26, 2014 9:04 AM To: Richard Joslin Cc:'jeevacation@gmail.com <mailto:jeevacation@gmail.com> =#39; >j EFTA_R1_01779519 EFTA02595129 Subject: Follow-up Rich-thx for the catch-up yesterday. A couple of things: 1. Did you get any written materials/projections from Regan Arts' cfo? =f so, how reasonable do we think they are or is it premature to say. I wil= get into this with you upon my return. Also, if you can help develop the =rojections without our antagonizing judy (my job) that wld be great.=As you probably know this is something jeffrey and I want to focus on. 2. As we discussed, on information requested by jeffrey no need to copy any=ne unless jeffrey signs off. If you feel someone shld be in the loop who i=n't let jeffrey know. 3. If we haven't already, we need to nail down the cost basis of the ti=ber investment as we plan to dispose of it soon. Thanks and feel free to reach out with any questions. Really appreciated so=e of your insights yesterday. Best, b www.imax.com <http://www.imax.com> IMAX(r) is a registered trademark of IMAX Corporation. IMPORTANT NOTICE Information contained in this e-mail correspondence and any attachments is =onfidential information intended only for the use of the individual or ent=ty named above. Any reader of this message who is not the intended recipient of this corres=ondence is hereby notified that any dissemination, distribution, copying o= communication of the contents of this correspondence is strictly prohibit=d. If this e-mail was not addressed to you , please immediately notify us =y phone in Canada at (905) 403.6500 <tel:%28905%29%20403-6500> (collect calls will be accepted) or by email at a href="mailto:webmaster@imax.com">webmaster@imax.com and delete and =estroy this correspondence inadvertently sent to you. Thank you www.imax.com <http://www.imax.com> 'MAX. is a registered trademark of IMAX Corporation. IMPORTANT NOTICE Information contained in this e-mail correspondence and any attachments is =onfidential information intended only for the use of the individual or ent=ty named above. Any reader of this message who is not the intended recipient of this corres=ondence is hereby notified that any dissemination, distribution, copying or communication of the contents of this correspondence is strictly prohibi=ed. If this e-mail was not addressed to you , please immediately notify us=br> by phone in Canada at (905) 403.6500 <tel:%28905%29%20403.6500> (collect calls will be accepted) or by email at <= href="mailto:webmaster@imax.com">webmaster@imax.com and delete and =estroy this correspondence inadvertently sent to you. Thank you please =ote The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to 2 EFTA_R1_01779520 EFTA02595130 jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved 3 EFTA_R1_01779521 EFTA02595131