From: Richard Kahn To: Jeffrey Epstein <[email protected]> Subject: stash financial in valar fund 3 Date: Tue, 26 Feb 2019 22:49:05 +0000 Attachments: https---my.pitchbook.com-web-api-profiles-119115-19-company-export-download- db7f673a-87c8-4925-9f92-81e0b24809ff.pdf; Valar_Updaten Fall_2018.pdf.pdf.pdf andrew confirmed they are raising money with a 565mm post valuation last raise (see pitch book PDF) was Feb 2018 with a 350mm post valuation from valar fall 2018 update valar 3 owned 19% of stash and was the 2nd largest holder valar 3 cost basis 29.6m fmv in the fall of 65.6m for their 19% (at 350mm valuation) using formula 350 x 1.61 = 565 then Valar 65.6m should be worth 106m (increase of 40mm) you own 34.17% of valar 3 fund and 21.03% of valar 2 fund.. From: Andrew McCormack Subject: Re: call Date: February 26, 2019 at 5:40:27 PM EST To: Richard Kahn < Cc: James Fitzgerald c Post money = $565M On Feb 26, 2019, at 11:38 PM, Richard Kahn 5 > wrote: thank you do you have any idea of the valuation? please advise thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 EFTA01032334