<table><tr><th>From:</th><th>Hosain Rahman &lt;</th></tr><tr><td>Sent:</td><td>Monday, February 16, 2015 9:01 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Fwd: Mort: Exchange Offer</td></tr></table>

FYI

Be=in forwarded message:

From:=/b> Anna Podkovyrova
<u>Date: Februa 16 2015 at</u> 1:50:37 PM MSTTo: "Hosain Rahman "
<mailto <u>Andrew in.</u>
Cc: Will Hawtho=ne
Subject: Mort: Exchange Offer

Andrew,=C2?

<=span>

Wanted =o clearly lay out the exchange offer as it pertains to Mort.

<=span>

## Exch=nge offer

For eac= new share of Series 6 preferred purchased, Mort gets to take a share of c=mmon stock and convert it to 3.5 shares of Series 6 preferred.

As you =now Series 6 has a lx liquidation preference and is senior to all other ro=nds, so this offer allows the common to move up in the stack to be the mos= senior equity and gives them a liquidation price of $39.44 a share ($11.26 x 3.5).

It is a= amazing offer for shareholders that own common.

## <=span>

See =elow — if they invest $14mm now they end up with $64mm (5.7mm shar=s x $11.26) of Series 6 Liquidation Preference:

## <=span> (cont.)

Please visit http://=www.codeadvisors.com/disclaimer.html
<http://www.codeadvisors.com/disclaimer.html> for important disclaimer information regarding this communication.