From: Gianni Serazzi <IIMMIn
Sent: Friday, March 6, 2015 11:18 AM
To: Jeffrey Epstein
Subject: Financing for Fashion
9m request (very hard to negotiate below this level)<=div>
2m from their bank (no need to keep it for worki=g capital)
with bank strong support (they =ave no bank debt now) 3m using the invoices as collateral <=iv>3m as 2x ebitda
collateral
lm earnout
<=iv>
I can add 200-300K ebitda easily (current owner and CE= 79 years old)
If you and me and them agree on =he deal then before going we should pay another 10K in due diligence on nu=bers (I
spent 2k for initial DD to get to these numbers) <=div> Thx G
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