From: Brad Wechsler Sent: Thursday, February 18, 2016 11:43 PM To: Melanie Spinella; Jeffrey Epstein Subject: Fw: Term Sheet and Loan Agreement Attachments: Artace - Cap Table _Feb2016_V2.xlsx; Loan Agreement_Artace_Feb2016_V2-v3.docx; Term Sheet_Artace_Feb2016_V2-v4.docx Do you want this 2.2mm, non control, venture investment presented to trustees for their consideration? Sent from my Verizon Wireless BlackBerry From: 'than, Yvonne" Date: Thu, 18 Feb 2016 23:17:37 +0000 To: Keith Fox ; Brad Wechsler Cc: Deckelbaum, Subject: FW: Term Sheet and Loan Agreement Keith, Brad (apologies — I note you were not on the original email with the revised docs). Issues from Max's mark up as follows: 1. Amount of the investment: $2.250 MM versus our $2.2 MM. Pls confirm the deal. 2. Percentage ownership of the company: 19.57% for $2.25 MM. Is this the deal? 3. Interest rate on loan: 0.01%? we had 0.1%. 4. Default interest on loan: 1%? we had 10%. S. One year maturity for the loan: pls confirm OK. 6. Date for closing of the investment: April 19, 2016 — so four months to get the paperwork etc in place. OK? 7. Liquidation pref: one times. Consistent with seed preferred. Is this the deal? 8. Automatic conversion into common on a qualified public offering — it raises $20MM. pis confirm this is OK. 9. Monthly info — Keith — you asked for forecast vs actuals for downloads, usage and image uploads — their mark up suggests they will give you actual info only. Is this OK? 10. Materiality thresholds for Series A preferred consents: $500K - do we have any idea of their current financial situation? Should it be lower? EFTA_R1_02086282 EFTA02703948