From: bevan cooney| Subject: Fwd: Spin Media Term Sheet, Date: October 5, 2020 at 1:21 PM To: Forwarded message From: Devon Archer Date: Sat, Oot 5, 2013 at 5:58 PM. ‘Subject: Fle: Spin Media Term Sheet To Co: Bevan Cooney Haven't done it yet Devon Archer On Oct 5, 2019, at 532 PM I \irote Arch, were you able to tee up jon for jas To: Bevan} a TT} Subject: Re: Spin Media Term Sheet From: Deven cher Dato: 5 5 Oct 2013 13:5 "48 -0400 Tomorrow, im notin the city today. Devon Archer be On Oct 5, 2013, at 1:46 PM, Bevan wrote: Very interesting. Let's discuss today. (One subtlety is that | think we want to do with Rosemont Seneca SPV. It won't make a difference on economics ther than we bring Hunter into the mix a litte but without a commitment. | want to leverage Hunter more and he's a 900d guy for us to include. Devon Archer On Oct 5, 2013, at 1:43 AM, jason galans EE. woe: auys adam brought me a deal called Spin Media. his former employee Is the newly appointed CEO. we have an inside track to take it over for ZERO plus a forward conditional commitment fo $20MM. we would not ever fund the 20MM however, given the plan of the CEO to bring headcount from 140 to 70. Dale Strang is currently CEO of Viximo, the largest social game distribution platform connecting game developers with social networks outside of Facebook. Prior to joining Viximo, Strang most recently served as president and co-founder of venture backed online ad network 5to1.com. Before 5to1, Strang spent three years as executive vice president & general manager of IGN Entertainment where he led the company to more than 300% revenue growth (over 2+ years), and was a member of the executive team that presented and sold the company to Fox Interactive Media in 2005. Before IGN, he served eight years as executive vice president and publisher of Ziff Davis Media the company does about $48MM a year. it owns a large number of sites. take a look. httpu/www.spinmedia.cor they also own Spin Magazine. there are some music contacts that i can exploit on this.Se ee | Oe mR ee BO OI SSS Oe Sor ESET EP OY Oe Oe COTE OY ae OE OY based on a future promise to invest that is highly conditional the business plan would be to get control and take it public in an S-1. comps are in the 5-6x revenue range. let your hamster math calculate that for you. what we need as you will see from weiss’ email below is Rosemont to front it. we can do a rosemont SPV to ring fence it. adam cant do it without us. 150+ milion in paper to cut upif done right let me know, i wil do all the work. the greek has a lot of bandwidth, Jason Begin forwarded message: From: Stephen Weiss {> Subject: Spin Media Term Sheet Date: October 4, 2013 3:45:33 PM PDT 1p: > son alors a Gents Read it and “love it.” Once | have your final comments, | will forward it to Devon for his approval. Stephen A. Weiss Hunter Taubman Weiss LLP telephone direct cial: as cell: aT ne: <00012020.doc>