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

## Best (cont.)

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From: Jean Luc Brunel [mailto: ]
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 lUc

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