EMAIL DETAILS
SUBJECT:
Re: Hudson
PRI: NORMAL
FROM:
M
mervyn.yan@gmail.com
DATE:
2018-04-02 15:07:02
MSG_ID:
<CADr2JdsNeyGHGutwTLRcODZxB8x8JmBh_hc2yt1_wP7RZwW4NQ@mail.gmail.com>
RECIPIENTS:
TO:
R
Robert Hunter
<rhbdc@me.com>
CC:
G
Mesires, George R.
<george.mesires@faegrebd.com>
J
jbiden@lionhallgp.com
CONTENT:
TEXT: YES |
HTML: YES
PROCESSED
My understanding is that the initial conversation was that this is non-recourse loan with no end date, repayment is subject to company’s profitability. On Sun, Apr 1, 2018 at 04:16 Robert Hunter <rhbdc@me.com> wrote: > What are the terms of the loan. If it is a loan then the entirety of the > loan from the date it was lent inures to Owasco. There should be terms > associated with the loan. I propose that the terms I can accept are a 10 > year loan at 1.5% to be at the conclusion of the 10 years in a balloon > payment if not paid in full before the 10 years from , 2017 > Sent from my iPhonek > > > On Mar 31, 2018, at 10:32 PM, Mesires, George R. < > George.Mesires@FaegreBD.com> wrote: > > Thank you, Mervyn. > > For the Assignment, because Hunter agrees that the payment may be made, it > is not necessary for the Assignment to include the payment as a condition > precedent. But nonetheless I will send a clean copy with it back in. > > Thank you for your assistance in getting this matter resolved. > > George > > George R. Mesires > *Partner* > george.mesires@FaegreBD.com Download vCard > <http://www.faegrebd.com/vcard/george.mesires.vcf> > D: +1 312 356 5101 <+1%20312%20356%205101> | M: +1 312 972 4151 > <+1%20312%20972%204151> > > *Faegre Baker Daniels LLP* <http://www.faegrebd.com/> > 311 S. Wacker Drive | Suite 4300 | Chicago, IL 60606, USA > > On Mar 31, 2018, at 3:45 PM, Mervyn Yan <mervyn.yan@gmail.com> wrote: > > George, > > Please find the executed docs. > > For assignment agreement, please add back 6(ii) to the agreement, as > Hunter and I agreed and initialized it. I shall have HWV member signed > asap. > > > Thanks, > Mervyn > > > On Fri, Mar 30, 2018 at 9:31 PM, Mesires, George R. < > George.Mesires@faegrebd.com> wrote: > >> Mervyn: >> >> >> >> Attached are redlined and clean execution versions of the Assignment and >> the Amended LLC Agreement. Please review and sign where indicated, and >> arrange for Hudson West V’s signature too. I believe that these revisions >> address the questions/comments you provided earlier today. >> >> >> >> With respect to the banking authorizations, I understand that you and >> Hunter will arrange to obtain all necessary authorizations such that Owasco >> will have access and co-signatory authorization as contemplated. >> >> >> >> I am circulating these proposed revisions to you and Hunter >> simultaneously, and are thus subject to his final review and signature. >> >> >> >> Please contact me with any questions. >> >> >> >> Thank you. >> >> >> >> George >> >> >> >> George R. Mesires >> *Partner* >> george.mesires@FaegreBD.com Download vCard >> <https://www.faegrebd.com/vcard/george.mesires.vcf> >> D: +1 312 356 5101 <(312)%20356-5101> | >> <https://maps.google.com/?q=311+S.+Wacker+Drive+%7C+Suite+4300+%7C+Chicago,%0D%0A+IL+60606,+USA&entry=gmail&source=g> >> M: +1 312 972 4151 <(312)%20972-4151> >> >> *Faegre Baker Daniels LLP* <https://www.FaegreBD.com> >> 311 S. Wacker Drive >> <https://maps.google.com/?q=311+S.+Wacker+Drive+%7C+Suite+4300+%7C+Chicago,%0D%0A+IL+60606,+USA&entry=gmail&source=g> >> | >> <https://maps.google.com/?q=311+S.+Wacker+Drive+%7C+Suite+4300+%7C+Chicago,%0D%0A+IL+60606,+USA&entry=gmail&source=g> >> Suite 4300 >> <https://maps.google.com/?q=311+S.+Wacker+Drive+%7C+Suite+4300+%7C+Chicago,%0D%0A+IL+60606,+USA&entry=gmail&source=g> >> | Chicago, IL 60606, USA >> <https://maps.google.com/?q=311+S.+Wacker+Drive+%7C+Suite+4300+%7C+Chicago,+IL+60606,+USA&entry=gmail&source=g> >> >> >> >> >> >> *From:* Mervyn Yan [mailto:mervyn.yan@gmail.com] >> *Sent:* Friday, March 30, 2018 7:46 PM >> >> *To:* Mesires, George R. >> *Subject:* Re: Hudson >> >> >> >> George, >> >> >> >> I spoke to HWV member and Hunter. Hunter doesn’t care those $15k and >> $239k break rent cause. He just wants to get done. >> >> >> >> I have no further comments. If you can speak and confirm those two >> points, we are ready to execute. Try to sort out the banking authorization >> next step. >> >> >> >> I am available on cell 917-402-0017 <(917)%20402-0017> >> >> >> >> Thanks, >> >> Mervyn >> >> >> >> >> >> On Fri, Mar 30, 2018 at 14:04 Mesires, George R. < >> George.Mesires@faegrebd.com> wrote: >> >> Thanks, Mervyn. I will review and further revise as appropriate. As I >> indicated, timing is important – I am available anytime this weekend. George >> >> >> >> *From:* Mervyn Yan [mailto:mervyn.yan@gmail.com] >> *Sent:* Friday, March 30, 2018 1:01 PM >> *To:* Mesires, George R. >> *Cc:* Hunter >> *Subject:* Re: Hudson >> >> >> >> I need to speak to Hudson West V member this evening. >> >> >> >> In a quick glance, I don't see issues other few points >> >> >> >> On LLC Agreement >> >> >> >> 1. Page 2, CHC propuse to arrange financing etc is not applicable since >> CHC is not the end user, the wording should be reflexing as such, at CHC >> best effort to arrange financing. >> >> >> >> 2. Page 7, Section 3.4b, need to classify the money is equity or loan at >> distribution, if it is a loan, that is before distribution to the members. >> >> >> >> 3. Page 8, Section 4.2a, CHC Manager shall be initially Mervyn Yan >> >> >> >> 4. Page 10, Section 4.6 please delete the last sentence. The retainer has >> been paid. >> >> >> >> 5. Page 12 Section 4.17, I understood RHB doesn't want to reimburse $15k >> to CHC, other than the actual costs of such expenses. I need both HWV and >> Hunter to agree. >> >> >> >> 6. Page 19. "Company Loan" definition is now deleted, need to think about >> who is contributing the capital in this case. >> >> >> >> On Assignment Agreement >> >> >> >> 1. Page 2. 2(vii) without appropriate compliance with the registration >> provision of the Securities Act language is not acceptable. >> >> >> >> 2. Page 3, 6(ii) regarding payment of $259k I think Hunter doesn't want >> to make that as closing condition. >> >> >> >> >> >> >> >> >> >> >> >> >> >> >> >> >> >> On Fri, Mar 30, 2018 at 1:19 PM, Mesires, George R. < >> George.Mesires@faegrebd.com> wrote: >> >> Mervyn: >> >> >> >> Are you not able to push it forward today? The timing is sensitive. >> >> >> >> George >> >> >> >> >> >> *From:* Mervyn Yan [mailto:mervyn.yan@gmail.com] >> *Sent:* Friday, March 30, 2018 12:13 PM >> *To:* Mesires, George R. >> *Subject:* Re: Hudson >> >> >> >> I am working on it this weekend. >> >> >> >> >> >> On Fri, Mar 30, 2018 at 12:36 Mesires, George R. < >> George.Mesires@faegrebd.com> wrote: >> >> Mervyn: >> >> >> >> Checking in. Have you reviewed the revisions? >> >> >> >> Thank you. >> >> >> >> George >> >> George R. Mesires >> *Partner* >> george.mesires@FaegreBD.com Download vCard >> <http://www.faegrebd.com/vcard/george.mesires.vcf> >> D: +1 312 356 5101 <+1%20312%20356%205101> | >> <https://maps.google.com/?q=311+S.+Wacker+Drive+%7C+Suite+4300+%7C+Chicago,+IL+60606,+USA&entry=gmail&source=g> >> M: +1 312 972 4151 <+1%20312%20972%204151> >> >> *Faegre Baker Daniels LLP* <http://www.faegrebd.com/> >> 311 S. Wacker Drive >> <https://maps.google.com/?q=311+S.+Wacker+Drive+%7C+Suite+4300+%7C+Chicago,+IL+60606,+USA&entry=gmail&source=g> >> | >> <https://maps.google.com/?q=311+S.+Wacker+Drive+%7C+Suite+4300+%7C+Chicago,+IL+60606,+USA&entry=gmail&source=g> >> Suite 4300 >> <https://maps.google.com/?q=311+S.+Wacker+Drive+%7C+Suite+4300+%7C+Chicago,+IL+60606,+USA&entry=gmail&source=g> >> | >> <https://maps.google.com/?q=311+S.+Wacker+Drive+%7C+Suite+4300+%7C+Chicago,+IL+60606,+USA&entry=gmail&source=g> >> Chicago, IL 60606, USA >> <https://maps.google.com/?q=311+S.+Wacker+Drive+%7C+Suite+4300+%7C+Chicago,+IL+60606,+USA&entry=gmail&source=g> >> >> >> >> > <Assignment and Assumption of Hudson Membership Interests (initialled).pdf> > > <Hudson West III LLC - 2nd A&R LLC Agreement Executed.pdf> >
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