EMAIL DETAILS

I know exactly where you are coming from and as I said don't disagree with you at all. You are right. I could have pushed back a little earlier in my conversations with John but didn't for a few different reasons, that said I am looking at this from the point of view of how much work we will have to do on this and I really don't think it will be more than 50% and I am going to make John do work. If he doesn't he won't get paid and this won't work for anyone. Let's just see where this goes.


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 4:03 PM, Hunter Biden wrote:

Every deal or relationship we have prior to the next precedes that relationship by definition- therefore creating a precedent. If we believe John is a person we would like to do business with in the future than we have set a precedent. I'm not bring argumentative for the sake of being so- just don't bullshit me or yourself. It's real money but...

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

On Aug 9, 2011, at 2:43 PM, Eric Schwerin <eschwerin@rosemontseneca.com> wrote:

> 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.
>>>
>>
>