Epstein Secrets

From: Richard Kahn Sent: Monday, March 5, 2018 6:01 PM To: Jeffrey E. Subject: Fwd: BAML Spotify Cheat Sheet Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel fa cel Begin fo

Kahn Sent: Monday, March 5, 2018 6:01 PM To: Jeffrey E. Subject: Fwd: BAML Spotify Cheat Sheet Rich

t Music =ntertainment & Tencent (holding for at least 3 yrs), who own =7.5% Majority Ownership by Founders - =aniel Elk controls 37.3% of shares and Martin Lorentzon controls 43.1% =f shares • There is language about =eneficiary shares that may be issued to founders on top of shares, but =ould be dilutive and

From: Richard Kahn < Sent: Wednesday, March 7, 2018 9:30 PM To: jeffrey E. Subject: Fwd: BAML Spotify Cheat Sheet - UPDATE Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel fax ce

nment & Tencent (holding for at least 3 yrs from 12/15/17), =ho own - 7.5% Majority Ownership by Founders - =aniel Elk controls 37.3% of shares and Martin Lorentzon controls 43.1% =f the vote. Both founders control 21% of the ordinary shares =utstanding There is language about =eneficiary shares that may be iss

n't involved. Analyst day will be March 15 and I think it will be a lovefest. Morgan, GS and Allen&Co are the advisors. On Mar 7, 2018, at 6:27 PM, jeffrey E. <[email protected] <mailto:[email protected]> wrote: what does this mean to us Forwarded message From: Richard Kahn < <mailto Date: Wed,

ent & Tencent (holding for at least 3 yrs from 12/15/17), who own —7.5% • Majority Ownership by Founders - Daniel Elk controls 37.3% of shares and Martin Lorentzon controls 43.1% of the vote. Both founders control 21% of the ordinary shares outstanding • There is language about beneficiary shares that may be