From: Eileen Alexanderson To: [email protected] <[email protected]> Subject: Re: Fw: please see attached re our conversation later Date: Sun, 30 Sep 2012 15:52:05 +0000 Closing is supposed to be Tuesday. From: Jeffrey Epstein [[email protected]] Sent: Sunday, September 30, 2012 11:48 AM To: Eileen Alexanderson Subject: Re: Fw: please see attached re our conversation later if it is important to close tomorrow I would do as littel as possible and put it in a holding co . no more no less. DO Not use trusts . in any capacity whatsover. I am trying to call leon On Sun, Sep 30, 2012 at 11:19 AM, Eileen Alexanderson ce wrote: Update on the attached structure chart for our purchase of Phaidon by the Trusts: the decision was to use a UK LLP instead of the Scottish one largely because the setup process(ie. You need Scottish counsel and a Scottish registered address) is easier and the PWC man could not convince all others that there was enough benefit. I've been advised there is a definite advantage to having the trusts own this through LLCs instead of going directly in (as you read in the email I forwarded from Gregor) and Leon will enter through a separate LLC than the trusts and be the Managing Member. I'm just thinking through governance and who should be on what Boards. The Trustees then would be the members of the LLP. Bidco will be buying and own the shares of PPL. Since money for that is coming from the trusts I am thinking at least one of the Trustees should be on this Board with Leon and Debra-correct? Leon wants the kids themselves to be part of this too as a learning experience and as prep for one of them potentially running this someday-I am thinking they should only be on the Board of PPL, the actual company, Phaidon Press Ltd with the Exec Directors from company management and a few additional outsiders Leon has in mind with Publishing expertise-or could/should they be on the bidco board? I was advised board meetings o