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On Sep 21, 2016, at 11:08 AM, Eric Schwerin <eschwerin@rosemontseneca.com
<javascript:_e(%7B%7D,'cvml','eschwerin@rosemontseneca.com');>> wrote:

<20160914 U of D Biden MOU Final Draft_HAB_LBE_r1.docx>


Just to make sure everyone has it and we are all on the same page, attached
is the draft MOU circulated by UD.

When Alan and Jeff called yesterday, I made it clear to them that our group
had not had a chance to discuss the details of the MOU yet and that I had
no reactions. However, I did ask questions about a few of the points in
the MOU that were different from what we had discussed previously to make
sure we hadn’t missed something.

1) Fundraising: I mentioned that there was no talk prior to this that the
VP would be required to fundraise and certainly not to the level of
specificity detailed in the MOU. In fact, we specifically said the VP
would not fundraise. Alan and Jeff agreed that that was what was
discussed but said Assanis felt it was important to put that in there to
appease constituencies at UD that might be opposed to building a $50m
building without asking for anything in return.

2) Titles and Roles for VP at UD: The MOU mentions the VP being “Executive
Director” of the Biden Center and a “Visiting Professor”. It also talks
about paying the VP a salary for his role as ED of the Biden Center. Alan
and Jeff said that Assanis wanted to put in the ED role because he wanted
to give the VP an opportunity to have a specific role and draw a salary if
he needed it. They included the Visiting Professorship in there because
they said understood that Penn wouldn’t allow him to be a Professor at UD
but thought this might be a work around. I reiterated that Penn’s sole
demand was no other Professorships at any other Universities.

3) While on the phone with Alan and Jeff, they also indicated that Assanis
would like to make sure the announcement re: UD would be made either prior
to or at the same time as Penn. He does not want it to be made
afterwards. I said I would make sure everyone knew that.

In general, I asked Alan and Jeff if we were missing something during our
conversations and they said we weren’t - the MOU reflects Assanis recent
involvement and they are fully expecting that we will come back to them
with comments/change/non-starters.

I told them we would need some time to discuss amongst our internal group
and would get back to them.

Let me know if anyone has any questions.

Thanks,

Eric


Eric D. Schwerin
Rosemont Seneca Advisors, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
*eschwerin@rosemontseneca.com
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