EMAIL DETAILS

I don't know why things have to be difficult. I also love that he's worried we will be oversubscribed and that we would make the decision not to allow one of Dan's investors in over Troy's.

FYI, just got to the hospital. About to go in. Will call when I am done.

Eric D. Schwerin
eschwerin@rosemontseneca.com

Sent from my iPhone

> On Mar 4, 2014, at 9:39 AM, Hunter Biden <hbiden@rosemontseneca.com> wrote:
>
> If consistent means a retainer than fine.
>
> R. Hunter Biden
> Rosemont Seneca Partners
> Washington D.C.
> 202-333-1880
>
>
>
>> On Mar 4, 2014, at 7:11 AM, Eric Schwerin <eschwerin@rosemontseneca.com> wrote:
>>
>> FYI....
>>
>> Eric D. Schwerin
>> eschwerin@rosemontseneca.com
>>
>> Sent from my iPhone
>>
>> Begin forwarded message:
>>
>>> From: John DeLoche <john@rstp.com>
>>> Date: March 3, 2014 at 4:01:38 PM EST
>>> To: Eric Schwerin <eschwerin@rspinv.com>
>>> Subject: Re: RSTP/RSPI Draft
>>>
>>> Hi Eric,
>>>
>>> I am not sure what you are referring to with a DDQ. We typically send these to companies we invest in but have not had them sent to us by any potential investors or advisors.
>>>
>>> As for the fee payout, I recommend we keep Dans mandate consistent with Troy's. If we are successful raising our target amount we will likely want to pay it off upfront to get it off our books anyway. But if we are oversubscribed, I could see a scenario where we would pick Toy's investors rather than Dan's if we had more flexibility with the payment structure.
>>>
>>> As such, it would be better to have them be consistent. I also do not want to have to spend money on a legal review of the RSPI letter so hopefully most of it will be consistent with the one we executed with Troy.
>>>
>>> Best,
>>>
>>> John
>>>
>>>
>>>
>>>
>>> John DeLoche
>>> Managing Director
>>> Rosemont Seneca Technology Partners
>>> 333 Bush Street, 21st Floor
>>> San Francisco, CA 94104
>>> office: 415 767 1288
>>> mobile: 415 793 7070
>>>
>>> This email communication is privileged and confidential and is intended only for the individuals or entities named above. Any unauthorized dissemination of any of the contents of this email is strictly prohibited. If you are not the intended recipient, please do not read, copy, use or disclose to others the contents of this communication. Please notify the sender that you have received this e-mail in error and then delete the e-mail.
>>>
>>>
>>>> On Mon, Mar 3, 2014 at 12:34 PM, Eric Schwerin <eschwerin@rspinv.com> wrote:
>>>>
>>>>
>>>> In the interest of time, I am sending this to you at the same time I am sending it to our CCO and to LoPresti for any comments on their end. It is our standard agreement so I don’t expect any major comments/changes from Compliance or LoPresti.
>>>>
>>>> The only difference between the terms of this agreement and Troy’s (aside from the retainer) is that I made the payout four payments over the course of one year instead of ten payments. It will help incentivize Dan to know he’s getting paid in the first year as opposed to over 2 and 1/2 years. Let me know if there is a reason we can't do that.
>>>>
>>>> As for Due Diligence, do we have a standard DDQ already completed? I assume we won’t be the last to ask so it would be good to have one on file anyway.
>>>>
>>>> Thanks,
>>>>
>>>> Eric
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>> Eric D. Schwerin
>>>> RSP Investments, LLC
>>>> 1010 Wisconsin Ave., NW
>>>> Suite 715
>>>> Washington, DC 20007
>>>> (202) 333-1880
>>>> eschwerin@rspinv.com
>>>> P Consider the environment before printing this email.
>>>>
>>>>
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