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EFTA00995031

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From: "Jeffrey E." <[email protected]> To: Eileen Alexanderson < >, Melanie Spinella Cc: Richard Joslin Subject: Re: Artspace Bridge loan - Part II Date: Wed, 06 Aug 2014 11:43:27 +0000 I. these emails are undated? 2. this specifically says NOT all shareholders. only preferred B. 3. some of the email is redacted. why. ?? 4. IT says that the loan ( can ) will be paid back in STOCK of the acquirer , now it makes more sense that shareholders would pass . receiving stock in another entity , would hardly seem attractive to a sharelholder who has lost all his three to four year money in only 9 months. On Tue, Aug 5, 2014 at 8:54 PM, Eileen Alexanderson > wrote: Sent from my iPhone Begin forwarded message: From: "Catherine Levene" To: "Eileen Alexanderson" Subject: Fwd: Artspace Bridge loan - Part 11 Dear Eileen and John - "John Murphy" Below is the email sent to all preferred shareholders related to the second installment of the bridge loan and attached are the related documents. Also, I have uploaded all of the signed documents related to the loan to the dropbox in a file called Bridge Loan Documents. Please let me know if you have any questions. Look forward to getting this done and working together! Best Catherine ----- Forwarded message Dear Artspace Shareholders: In connection with the bridge loan that you approved in mid-June pursuant to my email dated June 10, 2014 (below) attached please find a stockholder consent/preemptive rights waiver in connection with amending the loan documents to increase the aggregate loan amount to $925,000 and to amend certain other terms as reflected in the attached documents. The additional loan amount will allow Artspace to continue operating as we continue negotiations with a potential bidder for the company. The amended loan documents have been EFTA00995031

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