EFTA02622873

From: Paul Barrett < Sent: Tuesday, September 18, 2018 4:26 PM To: Jeffrey E. Subject: Re: AirBnB Ok Paul Barrett Alpha Group Capital LLC 142 W 57 <x-apple-data-detectors://0/1> th <x-apple-data-detectors://0/1> Street, 11 <x-apple-data-detectors://0/1> th <x-apple-data-detectors://0/1> Floor, New York, NY 10019 <x-apple-data-detectors://0/1> On Sep 18, 2018, at 12:25 PM, jeffrey E. <[email protected] <mailto:[email protected]» wrote: no On Tue, Sep 18, 2018 at 12:23 PM, Paul Barrett < <mailto > wrote: Hi Jeffrey Nicole has access to pre-IPO AirBnB shares. She is going to participate and would like to know if you care to join. AirBnB Opportunity: • Series F Preferred shares • $38BIn valuation EFTA_R1_01831294 EFTA02622873 • Around $15MM available • Sponsor underwriting this deal to a $68-72b1n IPO value. Expect Q3/4 2019 IPO (largely due to many insider options vesting around that date which causes a large tax liability. Insiders will need the liquidity to pay the tax bills). • Preferred shares convert to common on IPO date with a 6 month lock. We could always short the stock at any point to lock in the economics. • Shares will get transferred to our brokerage account via Merrill post lock-up (they withhold shares equal in value to their performance fee) • 5% placement fee. 5% performance fee • A $1MM investment results in us buying $950K worth of shares at $131/share • Let me know if you want the data Paul Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&entry=gmail&source=g> th Street, 11th Floor, New York, NY 10019 (0) (c) <mailto <image003.jpg> please note 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 JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this 2 EFTA_R1_01831295 EFTA02622874 communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_01831296 EFTA02622875