EMAIL DETAILS

FYI - see below, I will speak with Eugene at 4:30pm today and get some
more feedback on the type of structure they are looking for, let me know
your thoughts.

Best,

Neil


Neil Callahan
Co-Founder & Managing Director
RSTP
152 West 57th Street, 47th Floor
New York, New York 10019
202-333-1880 (o)
917-945-9516 (m)
877-749-8879 (f)
www.rstp.com

-----Original Message-----
From: Eugene Lee [mailto:eugene@artiman.com]
Sent: Sunday, December 21, 2014 6:29 PM
To: Neil Callahan
Subject: RE: Follow Up

Hi - yes I can talk Monday (tomorrow) at 4:30 EST.

I think the core issue is that it sounds (again) like Rosemont wants a
bunch of cash up front, which doesn't work for Amit.

So I think the outline of the thinking is:

- There's consensus that Aditazz is a really good test case with
intuitively good fit between Artiman and Rosemont
- Let's use that as a test case to prove out the relationship
- Can Rosemont get comfortable with structuring this as a "shared risk"
first project?
- Can Hunter do at the least the discovery phase on your nickel
- And then some sort of shared risk model if the discovery phase moves on
to a promising engagement
- If this project is successful, then Amit and the partners can see a lot
more other companies to potentially work together on

Look forward to talking to you tomorrow, Eugene

_______________________________
Eugene Lee| (650) 845-2020

[artiman_new
logo]<https://mail.artiman.com/owa/redir.aspx?C=MeV1IhU3ukGkFqNpel0Suci4mU
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________________________________
From: Neil Callahan [ncallahan@rosemontseneca.com]
Sent: Friday, December 19, 2014 11:34 AM
To: Eugene Lee
Subject: Re: Follow Up

Yes - let's discuss on Monday, would 4:30pm EST work? Definitely want to
make sure we navigate what Amit is envisioning so we don't get off in the
ditch. Can you articulate what he wants the relationship to look like?
We can discuss on Monday.

All the best,

Neil

Neil Callahan
Rosemont Seneca Partners
917-945-9516

On Fri, Dec 19, 2014 at 2:32 PM, Eugene Lee
<eugene@artiman.com<mailto:eugene@artiman.com>> wrote:
Shoot - I spoke too soon. Hunter's email came in after Amit's update on
Monday; I just had a 1:1 with Amit and he's not completely happy with
Hunter's email.

Do you have time to talk on the phone about this on Monday or Tuesday?

_______________________________
Eugene Lee| (650) 845-2020<tel:%28650%29%20845-2020>

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________________________________
From: Neil Callahan
[ncallahan@rosemontseneca.com<mailto:ncallahan@rosemontseneca.com>]
Sent: Friday, December 19, 2014 11:17 AM
To: Eugene Lee
Subject: Re: Follow Up

Great - 2015 will be a beak out year!

Merry Christmas and Happy New Year!

Best,

Neil

Neil Callahan
Rosemont Seneca Partners
917-945-9516<tel:917-945-9516>

On Fri, Dec 19, 2014 at 10:08 AM, Eugene Lee
<eugene@artiman.com<mailto:eugene@artiman.com><mailto:eugene@artiman.com<m
ailto:eugene@artiman.com>>> wrote:
I'm really happy to see this relationship between you/Rosemont Seneca and
Amit/Artiman developing... Amit gave an update on Monday to the team that
things were progressing - makes me happy!

Eugene

_______________________________
Eugene Lee| (650)
845-2020<tel:%28650%29%20845-2020><tel:%28650%29%20845-2020>

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logo]<https://mail.artiman.com/owa/redir.aspx?C=MeV1IhU3ukGkFqNpel0Suci4mU
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________________________________
From: Neil Callahan
[ncallahan@rosemontseneca.com<mailto:ncallahan@rosemontseneca.com><mailto:
ncallahan@rosemontseneca.com<mailto:ncallahan@rosemontseneca.com>>]
Sent: Thursday, December 18, 2014 3:47 PM
To: Eugene Lee
Subject: Fwd: Follow Up


--------------------
Neil Callahan
RSTP
917-945-9516<tel:917-945-9516><tel:917-945-9516<tel:917-945-9516>>

Begin forwarded message:

From: Hunter Biden
<hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com><mailto:hbiden
@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>><mailto:hbiden@rosem
ontseneca.com<mailto:hbiden@rosemontseneca.com><mailto:hbiden@rosemontsene
ca.com<mailto:hbiden@rosemontseneca.com>>>>
Date: December 18, 2014 at 3:40:26 PM EST
To:
amit@artiman.com<mailto:amit@artiman.com><mailto:amit@artiman.com<mailto:a
mit@artiman.com>><mailto:amit@artiman.com<mailto:amit@artiman.com><mailto:
amit@artiman.com<mailto:amit@artiman.com>>>
Cc: Eric Schwerin
<eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com><mailto:
eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>><mailto:
eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com><mailto:e
schwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>>>>, Neil
Callahan
<ncallahan@rosemontseneca.com<mailto:ncallahan@rosemontseneca.com><mailto:
ncallahan@rosemontseneca.com<mailto:ncallahan@rosemontseneca.com>><mailto:
ncallahan@rosemontseneca.com<mailto:ncallahan@rosemontseneca.com><mailto:n
callahan@rosemontseneca.com<mailto:ncallahan@rosemontseneca.com>>>>
Subject: Follow Up

Amit-

It was great talking to you last week. Thanks for taking the time to let
us learn more about Artiman and your portfolio companies. It sounds like
many of your portfolio companies are doing some groundbreaking things and
I can see why you are so excited about them.

It would be great to figure out ways that we could work together. I think
there are two more immediate ways we could do that. First, would be
through our Advisory business, Rosemont Seneca Advisors. While I think we
could be helpful for a number of your portfolio companies, it would
probably make the most sense to focus initially on one of them and pick a
few discreet business development goals. From our conversation, it
sounds like Aditazz may be the perfect company to start with. As I
mentioned, we have a good relationship with the family who founded Cancer
Treatment Centers of America and they could be an ideal client for
Aditazz. In addition, we have other strong relationships with hospitals
throughout the country that could serve as potential clients for Aditazz.
For this type of work we typically charge a retainer and a success fee.
If you think Aditazz would be interested in working with us in this
capacity we can discuss what the particulars of an engagement might look
like.

Secondly, as discussed, we also have a broker-dealer that could be helpful
raising capital for Artiman itself or as part of an investment banking
relationship with one of your portfolio companies. As an example, I
believe you said Aditazz was about to raise another round of capital. Let
us know if that is something you wish to discuss further.

Let me know your thoughts on what might be the appropriate follow up on
either of the possibilities laid out above. Perhaps it would make sense
to schedule another call right after the new year.

I look forward to continuing the dialogue.

Best,

Hunter

--


R. Hunter Biden
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880<tel:%28202%29%20333-1880><tel:%28202%29%20333-1880>