Executive Overview of Membership Redemption Agreement

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FROM:

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eschwerin@rosemontseneca.com

DATE:

2019-03-05 23:09:34

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<ED82369B-6546-45C8-922E-0659B0CE6385@rosemontseneca.com>

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George R. Mesires <george.mesires@faegrebd.com>

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Robert Hunter <rhbdc@icloud.com>

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PROCESSED

George,

Attached is the Executive Overview of the Membership Redemption Agreement. As I mentioned, I have a draft of the Redemption Agreement and the other documents as well, but think it is easier to start with the Executive Overview.

I will need to take a look at the valuation document I prepared earlier and make sure there have been no changes to the valuations. With the caveat that it is very difficult to value the entities.

As for the “expenses” for RSPI, it will be difficult to itemize the exact items paid for with each deposit. The capital contributions are required each month if our net capital falls below 120% of our monthly expenses. I can provide a list of RSPI’s monthly expenses. All the expenses are related to FINRA required regulatory expenses - CCO, CFO, Auditors, FINRA fees, Rent, Fidelity Bond, Liability Insurance etc. That is something that I am happy to walk through by phone.

With the exception of an 11am call tomorrow I am free all day and will make myself available to get this done.

Thanks,

Eric


Eric D. Schwerin
2550 M Street NW
Washington, DC 20037
(202) 333-5196
eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>
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