From: Jeffrey Epstein <jeevacation®gmail.com> To: Rich Kahn Subject: Re: Coinbase Date: The, 30 Jan 2018 00:14:14 +0000 212 772 9416 On Jan 29, 2018, at 7:12 PM, Richard Kahn < wrote: i just spoke with Brad and after some back and forth they offered to buy 50% our investment based on a $4 billion valuation however Brad did not give me a number which that equated to.. we need to clarify if our investment was originally based on Coinbase at $400mm as i have always been told or $415mm which is shown in the recap of rounds. we also must make sure they value our round pre money for 400mm or 415mm vs post 475mm or 490mm as 75mm was raised in series C (number 5 on deal history on attached PDF page 2) pre money valuation if 400mm to 4 billion = 10 x $1,500,000 (50% of 3mm investment) = $15,000,000 if 415mm to 4 billion = 9.63885 x $1,500,000 (50% of 3mm investment) = $14,457,831 post money valuation if 475mm to 4 billion = 8.42105 x $1,500,000 (50% of 3mm investment) = $12,631,579 if 490mm to 4 billion = 8.16326 x $1,500,000 (50% of 3mm investment) = $12,244,898 also there was once talk of brock taking a fee on placing us in this investment. should we make brad's group responsible for dealing with brock? if you would like to proceed brad would like darren to draw up purchase agreement and they are prepared to close this week please advise thank you <Coinbase PB 20170629030623271.pdf> Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor New York, NY 10022 tel 212-971-1306 fax 212-320-0381 cell 917-414-7584 EFTA00900908