EFTA02438735

To: Jeffrey EpsteinBeevacation©gmail.com] From: Jean Luc Brunel Sent: Mon 10/26/2009 11:33:02 AM Subject: FW: <no subject> Title: FW: <no subject> Forwarded Message From: jeanluc brunel Date: Mon, 26 Oct 2009 07:32:20 -0400 To: Andrew Nikou < Subject: Re: <no subject> 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 I Suite 1830 EFTA_R1_01512069 EFTA02438735 Los Angeles I CA j 90067 I Office I Fax US Mobile I French Mobile 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 End of Forwarded Message EFTA_R1_01512070 EFTA02438736