EFTA01819357

To: Jean Luc Brunel From: Jeffrey Epstein Sent Wed 10/28/2009 10:37:28 AM Subject: Re: FW: <no subject> Andrew --further details. do you currently have a corp that you would use for the acqusition? , or would you want to form a new Ilc, if the going public option is viable, maybe a corp makes more sense. ( all the normal add- ons antil dilution,tag along drag along etc ) - If you want to buy other agencies for paper , a higher valuation may be in our interest. , otherwise you might consider assuming debt ( lc and irs ) and putting up smaller amount of cash. 1.5-2m. With the economic crisis not yet in its springtime. there arc many things to buy On Wed, Oct 28, 2009 at 1:28 AM, Jean Luc Brunel rote: Forwarded Messa e From: Andrew Nikou Date: Mon, 26 Oct 2009 13:37:29 -0700 To: jeanluc brunel Subject: RE: <no subject> Hahahah, thanks, we all sometimes need a time out! Here are the answers to your questions: 1— yes 2 — no go public for now, however, we always keep the options open for the future. 3 — Yes I will call you very soon. Andrew Andrew Nikou Founder & Managing Partner OpenGate Capital, LLC 1999 Avenue of the Stars I Suite 1830 Los Angeles I CA I 90067 Fax Office I Fax US Mobile I French Mobile Ili; Save a tree. Please only print this e-mail if it is genuinely required. From: Jean Luc Brunel ri a Sent: Monday, October 26, 2009 4:32 AM To: Andrew Nikou Subject: Re: <no subject> EFTA_R1_00191943 EFTA01819357 Hi Andrew, It was great to see you dancing like a teenager. I don't know if your brother works with you but he is also a lot of fun. Coming back to business, as you are aware, the transaction can be structured in many ways. I . Do you want the tax benefits? ( contract, depreciation, etc...) 2. Do you want the possibility of taking public later, if so. Initial transaction needs preparation 3. Do you want this to be he hub of a larger acquisition strategy..., i.e. Do you want to buy other agencies for paper? Call me to let me know how you have finished the evening. I have an idea as the blond girl with short hair was all over you, but I have left early. Best Jean Luc On 10/25/09 2:07 PM, "Andrew Nikou" wrote: Hi Jean Luc, Amazing last night! I have to tell you how my night ended! Regarding your email. Lets talk next week. Would this assume that the new company does not take on the IRS liability? Andrew Andrew Nikou Founder & Managing Partner OpenGate Capital, LLC 1999 Avenue of the Stars Suite 1830 Los Angeles I CA I 90067 W it I Office I Fax Mobile I French Mobile bp Save a tree. Please only print this e-mail if it is genuinely required. jiiiw From: Jean Luc Brunel (mailt Sent: Friday, October 23, 200 . To: Andrew Nikou Subject: <no subject> EFTA_R1_00191944 EFTA01819358 Hi Andrew, On an operating basis-yes, However, to recreatethe network,and current "assets",it would take 2-3 years and more money than that. The businesses usually are valued at one times revenue. Most recent sales have been a small multiple of that. I am aware of the potential, as are you. If you prefer, we can structure it as a convertible preferred. I look forward to hearing from you. Best Jean Ilk End of Forwarded Message *********************************************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] and destroy this communication and all copies thereof, including all attachments. EFTA_R1_00191945 EFTA01819359