EMAIL DETAILS

Guys,

Please see attached. It is an estimate of our expenses and income for the
rest of the year based on known invoices and conservative estimates of
fundraising and legal expenses for the rest of the year.

Based on this, I propose we distribute $200k to the partners tomorrow for
fees. This will leave us with a cushion to the extent our expenses are
higher than estimated in the attached. We will also be able to make another
distribution when we have another closing and when the October fees come in
for Alpha and Bravo. I will share all this with the accountants but wanted
an investment committee vote by email prior.

Please send the group your yeah or nay vote to distribute $200k tomorrow.

Best,

John

John DeLoche
*Co-founder and Managing Director*
Rosemont Seneca Technology Partners
333 Bush Street, 21st Floor
San Francisco, CA 94104
office: 415 767 1288
mobile: 415 793 7070

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