To: Jean Luc Brunel From: Jeffrey Epstein Sent: Mon 10/26/2009 10:52:48 AM Subject: Re: FW: <no subject> Andrew-- as you arc aware the transaction can be structured in many ways. I) Do you want the tax benefits?„ contract depreciation, etc. 2. ) do you want the possiblity of taking public later.- if so initial transaction needs preparation. 3) do you want this to be the hub in a larger acqusitition strategy.. , i.e. do you want to buy other agencies for paper. On Mon, Oct 26, 2009 at 6:32 AM, Jean Luc Brunel Forwarded Message From: Andrew Nikou Date: Sun, 25 Oct 2009 11:07:22 -0700 To: jeanluc brunel Subject: RE: <no subject> > wrote: Hi Jean Luc, 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? Andrew Andrew Nikou Founder & Managing Partner 0 nGate Ca.'tal. LLC I W. Save a tree. Please only print this e-mail If it is genuinely required. From: Jean Luc Brunel 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 EFTA_R1_00194331 EFTA01821179