EFTA02438694

To: Jeffrey EpsteinBeevacation©gmail.com] From: Jean Luc Brunel Sent: Mon 10/26/2009 10:32:16 AM Subject: FW: <no subject> Title: FW: <no subject> Forwarded Message From: Andrew Nikou Date: Sun, 25 Oct 2009 11:07:22 -0700 To: jeanluc brunel Subject: RE: <no subject> 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 I Suite 1830 Los Angeles I CAI 90067 +1 I Office +1 I Fax +1 I US Mobile I French Mobile ist Save a tree. Please only print this e-mail if it is genuinely required. From: Jean Luc Brunel Sent: Friday, October 23, 2009 3:06 PM To: Andrew Nikou Subject: <no subject> 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 EFTA_R1_01512003 EFTA02438694 End of Forwarded Message EFTA_R1_01512004 EFTA02438695