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Ok - I am not going to over sell this because I don't disagree with you. I think John understands that he is going to have to do work. We'll see how it plays out. Not a precedent for the future with John or others.


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
P Consider the environment before printing this email.

On Aug 9, 2011, at 3:30 PM, Hunter Biden wrote:

I'm certain he understands infrastructure projects as much as any 28 year old can- my point is that he better be more than a little helpful. Again for 30% of the take he better do at least 50% of the work. And I'd we are giving away 50% of the upside we should be doing very little of any of te work. We wouldn't make this deal with Devon let alone outsiders. I'll donut but I think regardless of our success it is a bad way for us to do business in the long run. As for Jay if do it as a success fee only deal.


R. Hunter Biden
Rosemont Seneca Partners
202-333-1880

On Aug 9, 2011, at 1:35 PM, Eric Schwerin <eschwerin@rosemontseneca.com> wrote:

> OK - just talked to him - we're all good. And I do more and more that I talked to him think he'll be helpful. He really understands infrastructure projects and I think we can learn something from him. Now, on to Jay………may need you for that one.
>
>
>
> Eric D. Schwerin
> Rosemont Seneca Partners, LLC
> 1010 Wisconsin Ave., NW
> Suite 705
> Washington, DC 20007
> (202) 333-1880
> eschwerin@rosemontseneca.com
> P Consider the environment before printing this email.
>
> On Aug 9, 2011, at 2:13 PM, Hunter Biden wrote:
>
> Fine
>
> R. Hunter Biden
> Rosemont Seneca Partners
> 202-333-1880
>
> On Aug 9, 2011, at 1:05 PM, Eric Schwerin <eschwerin@rosemontseneca.com> wrote:
>
>> So, I am about to talk to John, but here's my calculations on what I think should be our absolute bottom line.
>>
>> 1) Give Jay and anyone he thinks he needs to pay in Colombia no more than 20% of the success fee.
>> 2) Split 70/30 retainer and success fee with John.
>>
>> What that would work out to on a $25K retainer with a 1% success fee on a billion dollar project is:
>>
>> RSP - $17,500/mo plus a $5.6m success fee
>> John, et. al - $7,500/mo plus a $2.4m success fee
>> Jay, et. al. - $2.0m success fee
>>
>> That would still be a lot of money to us and it gets us to more than 50% of the total. The only thing we need to negotiate with Jay is re: Rent. I think he thinks that factors into this somehow. Is my 20% for Jay too high?
>>
>>
>>
>> Eric D. Schwerin
>> Rosemont Seneca Partners, LLC
>> 1010 Wisconsin Ave., NW
>> Suite 705
>> Washington, DC 20007
>> (202) 333-1880
>> eschwerin@rosemontseneca.com
>> P Consider the environment before printing this email.
>>
>