From: Richard Joslin
Sent: Thursday, October 30, 2014 3:43 PM
To: jeffrey E.
Subject: FW: Regan Arts
From: John Murphy
Sent: Thursday, October 30, 2014 11:42 AM
To: Richard Joslin
Subject: RE: Regan Arts
Hi Rich,
These are not an annua= outlay, advances are typically one-time events. If enough copies are sold=then additional
royalties (% of book sales are paid)
I look forward to our =ext meeting and reach anytime on any questions!
Regards,
John.
From: Richard Joslin [mailtca
Sent: Thursday, October 30, 2014 11:39 AM
To: John Murphy
Subject: Regan Arts
Plaese make double sure that the Advance payments ar= not an annual outlay, ie $4,971,500 will be FY 2014 (paid over 3
years); =4,971,500 will be FY 2015 (paid out over 3 years). Kindly revert pro=ptly
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Thanks for your time today.
Richard Joslin
CFO
Elysium Management LLC
445 Park Ave
Ste. 1401
New York, NY 10022
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