EMAIL DETAILS

The former. It's balance sheet money from Special Situations Group so more
current yielding alternative energy type deals that check a lot of boxes.
Tax equity works as well.

From: Hunter Biden <hbiden@rosemontseneca.com>
Date: Thu, 26 May 2011 10:42:11 -0400
To: Devon Archer <darcher@rosemontseneca.com>
Subject: Re: GS update

when you say deals do you mean Iberdrola like energy or investments into
companies like Biogenic Reagents?


Rosemont Seneca Partners
R. Hunter Biden
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Washington, D.C. 20007
202-333-1880


On May 26, 2011, at 9:32 AM, Devon Archer wrote:

> Finally had wrap up call with Goldman this morning. The answer is that they
> are a 'pass' on Sun. They like us and say the deal makes a lot of sense for a
> "PA" but doesn't fit their return profile. They emphasized that they really
> want to do something with us and we have a meeting in two weeks to discuss
> their parameters for deals so that we can have a pseudo mandate to go out and
> find deals (that they're happy to pay fees on) to anchor or go exclusive on
> equity.