EMAIL DETAILS

And throw Ybrant in the mix as well as others I have likely missed.


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Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965

1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880

917-945-9516 (mobile)

866-749-8879 (fax)


From: Neil Callahan [mailto:ncallahan@rosemontseneca.com]
Sent: Wednesday, June 23, 2010 3:14 PM
To: 'Eric Schwerin'; 'Hunter Biden'; darcher@rosemontseneca.com
Subject: RE: SmartSynch


Not specific to SmartSynch, but the majority of things that have come across
our plate in the past 6-8 months are mid to late stage Venture Capital type
companies in the high technology/clean technology space.


(IPS, SmartSynch, 4Tell, DuCool/Aqua, ALTe, Fisker, Ormazabal/NextFuels/The
Bick Group to some extent)


Most of them working with a VC or Private Equity shops posing as a VC, and
are looking to us to fill an advisory/business development role, but also to
participate in fund raising, but not as the lead.


And all are a force fit to the Rosemont-Solebury Co-Invest fund - not really
on strategy for that product, but with some arm twisting, maybe get them in.


And Green/Blue jobs of the future will be driving by almost completely by
technology innovation.


Do we want to be a VC focused on Technology, Clean Tech? Not a bad place
to be.


Serendipitously I am meeting with BlueBird Capital on Friday which is
exactly that - a late stage high tech VC fund. I can get a lot of
intelligence from him.


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Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965

1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880

917-945-9516 (mobile)

866-749-8879 (fax)


From: Eric Schwerin [mailto:eschwerin@rosemontseneca.com]
Sent: Wednesday, June 23, 2010 2:59 PM
To: Hunter Biden; darcher@rosemontseneca.com Archer; Neil Callahan
Subject: SmartSynch


FYI, had a talk with SmartSynch today and as I suspected they'd like to
re-evaluate our agreement with them. I told them that we had been talking
internally as well and on our side would prefer more of an equity plus
partnership relationship anyway. I talked to them about a reduced retainer
and a percentage of sales. In addition, they have a $45-50m PE round coming
up really soon and they'd like to hold out a piece for Rosemont Solebury to
co-invest if we are interested. Gets us to where we want to be with them
even if it is a hit on the retainer.


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>

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