EMAIL DETAILS

I don’t think there is any real reason - probably being greedy. I assume it would be customary on a project of this side that there should be some sort of non refundable deposit on the signing of a Term Sheet as MedTag will put a lot of work into the project as they get to a final agreement but $5m sounds high to me.


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>
P Consider the environment before printing this email.

> On Feb 28, 2015, at 9:00 PM, Hunter Biden <hbiden@rosemontseneca.com> wrote:
>
> I have to read it- why do they need a 5M non refundable deposit?
>
> RHB
> 202.333.1880
>
> On Feb 27, 2015, at 11:43 AM, Eric Schwerin <eschwerin@rosemontseneca.com <mailto:eschwerin@rosemontseneca.com>> wrote:
>
>> Do you have any thoughts on this? Should they change the $5m “non-refundable” deposit to a smaller number like $1m?
>>
>> It is clearly very expensive but as we discussed it may be better to give them the higher number and let them negotiate down. Thoughts?
>>
>>
>>
>>
>> Eric D. Schwerin
>> Rosemont Seneca Partners, LLC
>> 1010 Wisconsin Ave., NW
>> Suite 705
>> Washington, DC 20007
>> (202) 333-1880
>> eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>
>> P Consider the environment before printing this email.
>>
>>
>>
>>
>>> Begin forwarded message:
>>>
>>> From: Corrado Cusano <corrado.cusano@medtag.net <mailto:corrado.cusano@medtag.net>>
>>> To: "eschwerin@rosemontseneca.com <mailto:eschwerin@rosemontseneca.com>" <eschwerin@rosemontseneca.com <mailto:eschwerin@rosemontseneca.com>>, "rhb@rspdc.com <mailto:rhb@rspdc.com>" <rhb@rspdc.com <mailto:rhb@rspdc.com>>
>>> Subject: key terms of the preliminary agreement for K
>>> Date: February 26, 2015 at 4:43:39 PM EST
>>>
>>> Dear Eric and Hunter,
>>> next week I'll be with my lawyers to draft the preliminary agreement for Kazakhstan.
>>> please find attached the key terms of what I have in mind.
>>> are you agree with these terms? So I can proceed with my lawyers.
>>> Furthermore please find attached the annex1, the revised proposal.
>>> This is an executive summary of the proposal, with more details.
>>> please let me know what you think.
>>> many thanks and regards
>>> corrado
>>>
>>>
>>>
>>> Corrado Cusano
>>> President & CEO
>>> _________________
>>> MEDTAG Ltd
>>> England
>>> 12, Bridewell Place, 3rd Floor, East Unit
>>> London EC4V 6AP
>>>
>>> www.medtag.net <http://www.medtag.net/>
>>>
>>> The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination of this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer.
>> <Termsheet.doc>
>> <Annex1_Kazakhstan.pdf>