<table><tr><th>From:</th><th>Kevin Law</th></tr><tr><td>Sent:</td><td>Monday, December 7, 2015 10:02 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Cc:</td><td>Joe Meli</td></tr><tr><td>Subject:</td><td>KL "factor deal" - confidential</td></tr><tr><td>Attachments:</td><td>Status Report_Dead &amp; Company as of December 7th 2015.xlsx; AEP Detail Projection
v6.xlsx </td></tr></table>

JE,

Per our conversation last week regarding the factoring business, here =s a proposal for you to become our partner in this business alongside the =ounder, Joe Meli, who you've met previously with me. The detail be=ow and in the above attachments outlines the structure, how the money is put to work, the expected returns and the =ime frame. Please let us know by weeks end if you'd like to move f=rward and we are happy to answer any questions/concerns in the meantime. &=bsp;Also happy to hop on a plane if this requires a further sit down with Joe. As these deals are happening in real ti=e and we'd be removing another investor for the inventory we have on bro=dway which we discussed, we need to move quickly which I know you have the=ability to do. Please let me know our thoughts.

Regards,

KL

From: Joe Meli
Date: Monday, December 7, 2015 at 4=23 PM
To: Kevin Law
Subject: Follow up

KL,

The following model shows $30mm investment by=JE. The model assumes a 2 year investment with 22 investable deals o=er the 2 yr period. The model also assumes we give JE a 8% pref and go 50/=0 on every dollar post. If we only average a 40% return on each deal (which is where we are roughly on GD and know we=will far exceed on Hamilton and Adele), JE roughly $47mm on $30mm investme=t.

Attached please find the model that outlines =hese deals and terms and a current status update on a live deal now.

Additionally as d=scussed the following summarizes a few of the more recent transactions and=their results:

## 1. Coachella

1. We initially funded in February 2015

2. We purcha=ed $1 million artist passes (1,000 artist passes for $1,000 per pass)

3. We sold all passes for $2.2 million (an average price of $2=200, 220% of purchase price)

4. Event occurred in April 2=15

5. Proceeds from sale were received in May 2015</li>

## 1. Coachella (cont.)

## 2. Grateful Dead

1. We initially funded in February 2015

2. We purcha=ed $1.5 million of tickets (7,500 tickets at an average price of $200)

3. We sold all tickets for $4.5 million (an average price of =600 per ticket, 300% of purchase price)

4. Events occurre= 4th of July weekend=/li>

5. Proceeds from sale were received in August 2015 <1=1>

6. Dead & Company Tour

	1. We initially funded in June 2015

	2. We purchased =5 million of tickets (25,000 tickets average price of $200)

	3. To date we have sold 13,000 tickets for $3.8 million (an average pric= of $293, 147% of purchase

price)

4. Events occurring bet=een October and December 2015

5. All proceeds to be colle=ted by February 15th(rolling bas=s, some already received)

6. =span style="background-color:rgba(255,255,255,0)">A summary of the indiv=dual dates and

results is attached hereto

Please let me know best way to move forward