From: jeffrey E. <[email protected]> Sent: Thursday, April 26, 2018 3:43 PM To: Gianni Serazzi Subject: Re: Call how does debt get repaid in option 3. On Thu, Apr 26, 2018 at 10:=7 AM, Gianni Serazzi All options in Eur Option 1 Financing of newco (Milano) 80K equity 400K debt Ownership of 40% of newco <=iv>We will provide offices, accounting, directorship etc. all at cost This company hires head of IMG, good models will follow Pay=ack of 400K debt within 24 months, first money out Option 2 Financing of 2 newcos (Paris and =ilano) 160K Equity 1M debt ownership of 50% =f newco Big names hires in Miano and Paris Will work f=r free until the 1M is paid back (24 months) Opti=n 3 Financing of 9M of a new holding 8M Debt Staged in 3 years Italian company merged day=1 (400K ebitda) Ownership 50-50 and will work for free until all=debt is repaid (- 4 years) Thx G =idiv> On Th=, Apr 26, 2018 at 4:00 PM, Gianni Serazzi < rote: On T=u, Apr 26, 2018, 3:36 PM jeffrey E. <[email protected] <mailto:jeevacation@gmai=.com» wrote: sure . number? <=r> On Thu, =pr 26, 2018 at 2:48 AM, Gianni Serazzi EFTA_R1_01567182 EFTA02461263