From: Jeffrey Epstein <[email protected]>

From: Jeffrey Epstein <[email protected]> To: Jean Luc Brunel Subject: Re: FW: <no subject> Date: Fri, 23 Oct 2009 10:08:57 +0000 send this Andrew- on an operating basis -yes- , However to recreate the network,and current "assets" would take 2-3 years, and more money than that. the businesses usually are valued at one times revenue„ most recent sales have been at 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 On Thu, Oct 22, 2009 at 11:36 PM, Jean Luc Brunel < wrote: ----- Forwarded Message From: Andrew Nikou Date: Thu, 22 Oct 2009 08:00:35 -0700 To: jeanluc brunel Subject: RE: <no subject> Jean Luc, the business is losing money. I don't see you us even close to an 8 million dollar valuation. Andrew Nikou Founder & Managing Partner OpenGate Capital, LLC 1999 Avenue of the Stars I Suite 1830 Los Angeles I CA I 90067 A Save a tree. Please only print this e-mail if it is genuinely required. From: Jean Luc Brunel fmailto: Sent: Wednesday, October 21, 2009 8:50 PM To: Andrew Nikou Subject: <no subject> Hi Andrew Thank you for coming to the office, it was a real pleasure to meet you. I don't really know what you have in your mind for the future of your modeling operation in America, but I am willing to sell 50% of the shares for the amount of US$ 4M. If you are still in NY, I would be very happy to meet you again. Best Regards Jean luc End of Forwarded Message EFTA00741051 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. EFTA00741052