Epstein Secrets

$13.1 Million. 3. The past three comparable transactions for =ompanies in this market average an enterprise value at —10x multiple of =BITDA a. Wilhelmina: 7x (average meaningful trading =ultiple since 2010) b. Creative Artists Agency: 10x (TPG =cquisition, 2014) c. IMG: 13x (WME acquisition, =013)

egin forwarded message: From: =/b>Neale Attenborough Subject: =/b>RE: Next Date: =/b>September 6, 2017 at 4:16:37 PM =DT To: =/b>Richard Kah Cc: Chris Lawler Tyler Sheen I do not agree to your premise on the face =f it because we are already starting at a substantially discounted =aluation in light of t

llion. 3.<=span> 4) The past three comparable transactions for c=mpanies in this market average an enterprise value at -10x multiple of EBI=DA a. Wilhelmina: 7x (av=rage meaningful trading multiple since 2010) b.<=pan style="font-size:7pt;color:rgb(31,73,125)"> 40 Creative Artists Agency: 10x (TPG acqui

m: Neale Attenborough <neale@goldengatec=p.com> Subj=ct: RE: Next Date: September 6, 2017 at 4:16:=7 PM EDT To: aspan>Richard Kahn < <mailto Cc: Chris Lawler >, Tyler Shean < <mailto:tshean@goldengatecap.=om> > > > > > <=pan style="font-size:11ptfont-family:Calibri,sans-seritcolor:rgb(31,73=125)">l do

$13.1 Million. 3. The past three comparable transactions for =ompanies in this market average an enterprise value at —10x multiple of =BITDA a. Wilhelmina: 7x (average meaningful trading =ultiple since 2010) b. Creative Artists Agency: 10x (TPG =cquisition, 2014) c. IMG: 13x (WME acquisition, =013)

forwarded message: From: =/b>Neale Attenborough < Subject: =/b>RE: Next Date: =/b>September 6, 2017 at 3:51:06 PM =DT To: =/b>Richard Kahn < Cc: Chris Lawler < >, Tyler Shean < What are the specific actions you refer to =s Paris, Milan and New York, with case numbers and a summary of the =ases. From: R

$13.1 Million. 3. The past three comparable transactions for =ompanies in this market average an enterprise value at - 10x multiple of =BITDA a. Wilhelmina: 7x (average meaningful trading =ultiple since 2010) b. Creative Artists Agency: 10x (TPG =cquisition, 2014) c. IMG: 13x (WME acquisition, 2013)

orwarded message: From: =/b>Richard Kahn < Subject: =/b>Re: Next Date: =/b>September 5, 2017 at 10:02:30 =M EDT To: =/b>Neale Attenborough < Cc: Chris Lawler < >, Tyler Shean < When can I expect your term sheet with =etails that we discussed explaining exactly what entity will be selling =hat... I woul

llion. 3. = The past three c=mparable transactions for companies in this market average an enterprise va=ue at - 10x multiple of EBITDA a. =nbsp; Wilhelmina: 7x (=verage meaningful trading multiple since 2010) b. =nbsp; Creative Artist= Agency: 10x (TPG acquisition, 2014) c. =nbsp; IMG: 13x (WME a=quisi

Wednesday, August 30, 2017 2:56 AM Fwd: Next • ,. From: Neale Attenborough c: MDate:</=> August 29, 2017 at 10:50:47 PM EDT To: Richard Kahn Cc= Chris Lawler <mailto >, Tyler Shean <mailto > Subject: Re: Next</=> wrote: She did. On Aug 29, 2017, at 10:48 PM, Richard Kahn <; <mailto > > Did heather

illion. 3. = The past three c=mparable transactions for companies in this market average an enterprise va=ue at —10x multiple of EBITDA a. =nbsp; Wilhelmina: 7x (=verage meaningful trading multiple since 2010) b. =nbsp; Creative Artist= Agency: 10x (TPG acquisition, 2014) c. =nbsp; IMG: 13x (WME a=quisi

10022 Tel Fax Cel Begin fo=warded message: From: Ri=hard Kahn > Date: August 29, 2017 at 10:48:17 PM EDT To:</=> Neale Attenborough < > Cc: Chris Lawler », Tyler Shean <=a href="mailto >=br>Subject: Re: Next Did heather send dial in number. Please advise. Thank you= <mailto Richard Kahn HBRK As