To: <u>Jeffrey</u> Epstein[jeevacation@gmail.com]
From:
Sent: Wed 10/28/2009 2:57:09 PM
Subject: Fw: <no subject>

Title: Re: <no subject>

Sent via BlackBerry from T-Mobile

From: Andrew Nikou <anikou@opengatecapital.com>
Date: Wcd, 28 Oct 2009 07:56:29 -0700
To:Jean Luc Brunel<2.jeatiluc@gmail.com>
Subject: RE: <no subject>

Nice, welcome home, let me know, talk soon!
__________________________________________________

Andrew Nikou
Founder & Managing Partner
OpenGate Capital, LLC
1999 Avenue of the Stars | Suite 1830
Los Angeles 1 CA 1 90067

+1 310 432 7000 1 Office +1 310 868 2813 1 Fax

is <u>US</u> Mobile French Mobile

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From: Jean Luc Brunel [mailto
Sent: Tuesday, October 27, 2009 10:19 PM
To: Andrew Nikou
Subject: Re: <no subject>

## Hi Andrew

Just back home. Tomorrow I am going to Florida. I saw Megan today but we haven't spoken about the evening. I know that the girls were very happy and had a great time. Jean luc

On 10/26/09 8:41 PM, "Andrew Nikou" <anikou@opengatecapital.com> wrote:

## Hi Andrew (cont.)

Forgot to ask, what did megan (blond girl) think of me? what is the idea? I tried calling you now

Andrew Nikou
Founder & Managing Partner
OpenGate Capital, LLC
1999 Avenue of the Stars I Suite 1830
Los Angeles I CA I 90067

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*   Office: +1 310 432 7000
*   Fax: +1 310 868 2813
*   Mobile (redacted)
*   French Mobile (redacted)
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From: Jean Luc Brunel <u>[mailtc</u>

Sent: Monday, October 26, 2009 4:32 AM

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" <andrew.nikou@...> wrote:
Hi Jean Luc,

> wrote:

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?

## Hi Andrew (cont.)

Andrew

Andrew Nikou
Founder & Managing Partner
OpenGate Capital, LLC
1999 Avenue of the Stars I Suite 1830
Los Angeles I CA I 90067

+1 310 432 7000 I Office
+1 310 868 2813 1 Fax
obile
French Mobile

Save a tree. Please only print this e-mail if it is genuinely required.

From: Jean Luc Brunel <u>[mailto</u>
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