From: Richard Kahn

From: Richard Kahn To: "Jeffrey E." <jeevacation@gmail.com> Subject: Fwd: Coinbase Date: Mon, 11 Jun 2018 18:12:01 +0000 Attachments: Coinbase_SPV.pdf Inline-Images: image001.jpg appears to be $5 billion not $12 billion.. Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fa: ce Begin forwarded message: From: Paul Barrett Subject: RE: Coinbase Date: June 11. 2018 at 1:43:51 PM EDT To: Richard Kahn Check text Looks like it is $5bln Paul Barrett Alpha Group Capital LLC 142 W 57th Street 11th Floor, New York NY 10019 From: Richard Kahn iit > Sent: Monday, June 11, 2018 1:42 PM To: Paul Barrett Subject: Re: Coinbase EFTA01008244 who showed you this? any details? Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 2 tel fa ce On Jun 8, 2018, at 9:08 PM, Paul Barrett < > wrote: Someone showing me Coinbase at a $12bIn valuation. What valuation did you last come across? Paul Barrett Alpha Group Capital LLC 142 W 57th Street 11th Floor New York NY 10019 EFTA01008245