EFTA02509180.pdf

From: Hosain Rahman < Sent: Thursday, February 19, 2015 4:50 PM To: Jeffrey Epstein Subject: Fwd: Mort: Exchange Offer Hi - see below the offer is to con=ert your common into higher priced preferred at a 3.SX ratio. Gives you a =eally nice guaranteed returned on the old shares. =/div> Begin forwarded message: From: Hosain Rahman Date: February 16, 2015 at 2:00:3= PM MST To: Jeffrey Epstein <[email protected] <mailto:jeevacation@gm=i1com» Subject: Fwd: Mort: Exc=ange Offer FYI Begin forwarded me=sage: From: Anna Podkov rova Date: February 16, 2015 at 1:50:37 PM MST To: &qurttlosain Rahman " >, Andrew Lindsay Cc: Will Hawthorne Subje=t: Mort: Exchange Offer </=pan> Andrew,=C2. <=span> Wanted =o clearly lay out the exchange offer as it pertains to Mort. EFTA_R1_01640391 EFTA02509180  aspan> Exch=nge offer For eac= new share of Series 6 preferred purchased, Mort gets to take a share of c=mmon stock and convert it to 3.5 shares of Series 6 preferred. As you =now Series 6 has a lx liquidation preference and is senior to all other ro=nds, so this offer allows the common to move up in the stack to be the mos= senior equity and gives them a liquidation price of $39.44 a share ($11.26 x 3.5). It is a= amazing offer for shareholders that own common. aspan> See =elow — if they invest $14mm now they end up with $64mm (5.7mm shar=s x $11.26) of Series 6 Liquidation Preference: Please visit http:/=www.codeadvisors.com/disclaimer.html <http://www.codeadvisors.com/disclaimer.html> for important disclaimer informat=on regarding this communication. 2 EFTA_R1_01640392 EFTA02509181