EMAIL DETAILS

Let’s discuss….


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>
P Consider the environment before printing this email.

> Begin forwarded message:
>
> From: Matt Donaldson <matt@donaldsonca.com>
> Subject: Eric, really enjoyed talking- like your philosophy and approach to business.
> Date: April 14, 2016 at 4:59:08 PM EDT
> To: "eschwerin@rosemontseneca.com" <eschwerin@rosemontseneca.com>, "CAndrzejewski@burnhamasset.com" <CAndrzejewski@burnhamasset.com>
>
> Good luck in China, that should be a whirlwind of a trip. I am actually running around in Europe the week of the 25th, so as you are recovering from your jetlag, I will be starting mine, but next time we can talk will prob be early May.
>
> To maybe save us both some time, I am on board with everything you said except for the payout- I have two issues that make it important for me to have a 90% payout not an 80% payout. First is being a California resident paying some 57% tax rate, and the other being my crazy ex wife who has spent to the point that we/I am in a hole need to dig out of- am getting there and getting rid of her but for last few years she has caused one problem after another. So I cannot afford to give up 77 cents on every dollar I bring in. that’s almost as bad as our Norwegian friends (:
>
> So I will say if you guys can give me a 90% payout- on the direct deals and the trading DVP fees (as Williams will take their 50% for processing) then we at least on my end have a deal. If that won’t work for you guys I certainly understand- but I have had 90 with every BD I have been with last decade, and while I need little oversight/no deal flow and everything I bring is found dollars to your bottom line- in my current situation It is what I need to get myself hole and handle this California tax, madness..
>
> I will add that besides the capital I can bring you guys which I think is potentially quite substantial, that the added value of my network for what you guys are doing, and the value add that my relationships can bring to your current business opportunities are can also be quite significant-
>
> So have a think, talk with Hunter and whatever you guys come up with works with me, but want to be cognizant of your time and mine-
>
> But if you can work with the payout, I think it would be great to strike a partnership with you guys, especially with your closeness with Burnham.
>
> Have a great weekend and trip.
>
> MD