From: Richard Kahn

From: Richard Kahn To: Jeffrey Epstein <[email protected]> Subject: stash financial in valar fund 3 Date: Tue, 26 Feb 2019 22:49:05 +0000 Attachments: https---my.pitchbook.com-web-api-profiles-119115-19-company-export-download- db7f673a-87c8-4925-9f92-81e0b24809ff.pdf; Valar_Updaten Fall_2018.pdf.pdf.pdf andrew confirmed they are raising money with a 565mm post valuation last raise (see pitch book PDF) was Feb 2018 with a 350mm post valuation from valar fall 2018 update valar 3 owned 19% of stash and was the 2nd largest holder valar 3 cost basis 29.6m fmv in the fall of 65.6m for their 19% (at 350mm valuation) using formula 350 x 1.61 = 565 then Valar 65.6m should be worth 106m (increase of 40mm) you own 34.17% of valar 3 fund and 21.03% of valar 2 fund.. From: Andrew McCormack Subject: Re: call Date: February 26, 2019 at 5:40:27 PM EST To: Richard Kahn < Cc: James Fitzgerald c Post money = $565M On Feb 26, 2019, at 11:38 PM, Richard Kahn 5 > wrote: thank you do you have any idea of the valuation? please advise thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 EFTA01032334 On Feb 26, 2019, at 5:34 PM, Andrew McCormack < It means they are raising money. On Feb 26, 2019, at 11:28 PM, Richard Kahn wrote: > wrote: i saw that Stash Financial filed a Form D for Notice of an Exempt Offering of Securities can you please provide details of what this means.. thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor EFTA01032335