EFTA00674495.pdf

From: Richard Kahn To: Jeffrey Epstein <jeevacation@gmail.com> Subject: Investment Opportunities Date: Tue, 19 Aug 2014 23:23:38 +0000 Attachments: LionTree_Partners_August_2014.pdf Opportunity #1 I just had a meeting with a friend named Ehren who is the managing partner of a Liontree (boutique advisory shop -see attached) in the TMT (Technology, Media and Telecommunications) space. They have over the past two years had access thru their relationships to co invest in many of the transactions. They just hired Thomas Uger a former KKR partner to fun a private equity and are raising 250,000,000. Attached is overview of firm and potential opportunities. If this may be of interest to you please advise and I will set up a meeting. Opportunity #2 Liontree was asked to serve as a broker dealer to facilitate the sale of $150,000,000 of Spotify Stock of one of the early investors who is looking for liquidity. This is a private transaction and they may have access to a $50,000,000 investment in Spotify at a valuation of $5.0-$5.3 billion. The last financing round of 250,000,000 was done in November 2013 at a valuation of $4.0-$4.5 billion. I was told that if there was interest they could obtain financials and perform more due diligence. I thought this sounded similar to your Jawbone investment and wanted to present to you. Not sure of your personal interest level or if you may want to set up a SPE and bring investors in and charge fees such as 1% mgmt and 10% of profits. I am told by Ehran that there will be a liquidity event in 6-12 months either via sale of company or IPO. I have attached some articles below that talk about google interest in company, google starting their own streaming music and a potential $7-$10 billion dollar valuation of Spotify. Please advise if either of these opportunities may be of interest and I will arrange a meeting. Thank you http://en.wikipedia.org/wiki/Spotify http://online.wsj.com/news/articles/SB 10001424052702304791704579212152163448852 http://betabeat.com/2014/08/youtube-is-coming-after-spotify-with-a-clone-called-music-key/ http://online.wsj.com/articles/google-considers-buying-spotify-but-finds-the-price-too-high-1406061732 http://www.forbes.com/sites/stevenbertoni/2014/05/21/spotify-sees-jump-in-paying-customers-with-10-million-premium- subscribers/ http://www.reuters.com/article/2014/02/17/us-spotify-idUSBREA1G0T120140217 http://www.digitalmusicnews.com/permalink/2014/05/05/spotifyipodisappearing http://moneymorning.com/2014/02/18/spotify-ipo-factors-consider-investing/ EFTA00674495 From: Ehren Stenzler Date: Mon, 18 Aug 2014 17:14:26 +0000 To: joe ceccarini < I>, Richard Kahn Cc: Thomas Uger < > Subject: Meeting Tuesday Hi Guys, It was great to see you Saturday night — fun time. We are looking forward to meeting tomorrow. Please see attached as promised in advance of that. Best, Ehren Elven Stenzler Managing Partner I LionTree LLC 212.644.4775 Office 1917.859.3706 Cell This e-mail and any files transmitted with it are intended solely for the use of the individual or entity to whom they are addressed. It the reader of this e-mail is not the intended recipient or the employee responsible for delivering the message to the intended recipient. you are hereby notified that any use. dissemination. fotwarding, printing or copying of this e-mail is strictly prohibited. If you have received this e-mail in error. please contact the sender and destroy this e-mail and all copies of it. This e-mail may contain information that is privileged. confidential, proprietary and exempt from disclosure under applicable law. Unless specifically indicated. this message is not an offer to sell or a solicitation of any investment products or other financial products or services, an official confirmation of any transaction. or an official statement of LionTree Advisors LLC or any affiliate thereof. Investment or financial products or services are offered only through LionTree Advisors LLC. This communication is not intended for distnbution to. or use by. any person or entity in any location where such distribution or use would be contrary to law or regulation, or which would have LionTree Advisors LLC or any affiliate thereof subject to any registration requirement within such location. Subject to applcable law. LionTree Advisors LLC or any affdiate thereof may monitor. review and retain e-mais traveling through its netwatsisystems. EFTA00674496