<table><tr><th>From:</th><th>Hosain Rahman &lt;</th></tr><tr><td>Sent:</td><td>Thursday, February 19, 2015 4:50 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Fwd: Mort: Exchange Offer</td></tr></table>

Hi - see below the offer is to con=ert your common into higher priced preferred at a 3.SX ratio. Gives you a =eally nice guaranteed returned on the old shares.

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Begin forwarded message:

From: Hosain Rahman Date: February 16, 2015 at 2:00:3= PM MST To: Jeffrey Epstein <jeevacation@gmail.com <mailto:jeevacation@gm=i1com» Subject: Fwd: Mort: Exc=ange Offer

FYI

Begin forwarded me=sage:

From: Anna Podkov=rova <███████████████████████████████████████>
Date: February 16, 2015 at 1:50:37 PM MST
To: &qu=t;Hosain Rahman " <████████████████████████████████████████> >, Andrew Lindsay
<█████████████████████████████████████> >
Cc: Will Hawthorne <████████████████████>
Subje=t: Mort: Exchange Offer

</=pan>

Andrew,=C2

<=span>

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

<=span>

## Exchange 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: