EMAIL DETAILS

Arlene Busch
202-333-1880
Abusch@rosemontseneca.com


-----Original Message-----
From: "James Gordon" <jim@edgewaterfunds.com>
Date: Tue, 1 May 2012 20:26:48
To: <shawn.stephenson@risingtide.ch>
Subject: lunch recap

Dear Shawn,

Thanks so much for taking time to have lunch and catch up today. It was
wonderful to spend the time together and I hope we get to do it more
often. You asked me to list a few bullet points which are below
concerning our partnership:

We would be Co-GP's and split all profits on the investments and net
management fees 50/50
You would have a veto right on all investments and would work side by side
with us
We would back stop all deals by performing all the functions we currently
do for all deals including sourcing, closing, managing and exiting
We would commit a significant amount of money to the fund
The fist deal prior to the fund would be rolled into the fund so we would
also have dollars invested in that deal.

Thanks again and give me a ring with any questions.

With warmest regards,

Jim


Jim Gordon
The Edgewater Funds
900 N. Michigan Avenue
Suite 1800
Chicago, IL 60611
Phone: 312-649-5666
Fax: 312-664-8649
Jim@edgewaterfunds.com