EMAIL DETAILS

· I am not asking for anything for RSTP II (management fees and equity) despite the fact that I was involved in RSTP II until volunteering to step back in October.


· I am also not asking to continue to receive management fees for RSTP I, RSTP II Alpha and RSTP II Bravo despite the fact that those funds are now closed and I am perfectly within my rights to continue to receive fees from them.


· In exchange for agreeing to give up the management fees to RSTP I, RSTP II Alpha and Bravo AND any interest whatsoever in RSTP II, all I am asking for is a $250,000 payment (to be paid out over time).


· If you assume RSTP II will close at $50m, that is equivalent to 60% of the management fees that would be paid to me for all RSTP funds for 2016 had I chosen to remain in RSTP.


· If you include Rob’s $150,000 in fees that would have come to the DC office, I am just asking that less one year’s worth fees be dedicated to a $200,000 payment to me in 2016. ($400,000 due vs. $350,000 I am asking to be paid out to me, Eric and Rob.)


· As of April 1st, I should have received approximately $78,000 in management fees as Q1 and Q2 payments for RSTP I, RSTP II Alpha and RSTP Bravo. I am only asking for $50,000 of that now.


· IF WILL ASKS FOR A DELAY IN THE $50,000 DUE: I am perfectly willing to wait until RSTP II closes on June 12th and receive the $50,000 then but I want the agreement signed by COB tomorrow.


Approx. Management Fees due to DC office for 2016


RSTP I $38,750

RSTP II Alpha and Bravo $118,773


Total not including RSTP II $157,523


RSTP II (assuming $50m close) $250,000


Total Annual Fees due to DC Office Under Status Quo $407,523


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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