EMAIL DETAILS

See below from Gus as it relates to fees. I am talking to the group on Monday at 1:30pm if you want to join in from the train.


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
P Consider the environment before printing this email.

Begin forwarded message:

From: "Gus Bessalel" <gbessalel@verizon.net>
Subject: RE: Selected hospital opportunities
Date: March 8, 2013 5:20:33 PM EST
To: "'Eric Schwerin'" <eschwerin@rosemontseneca.com>
Reply-To: <gbessalel@verizon.net>

OK. We also should find a time to pin down your comp agreement. We are good to go on the 25% commission rate with one caveat. From talking to Bill, I want to clarify that on certain deals, Bill has to engage a law firm for a legal opinion to satisfy the hospitals to go forward, and he generally will deduct that off the top from his revenue before calculating the commission, since that’s a direct pass through expense with no margin that he has to absorb. Let’s talk on Monday to see if that’s likely to apply to these deals, and then we can paper it pretty quickly. In the interim as we put together the agreement, you have my commitment that you will be paid 25% of Bill’s company’s net fees (after the portion that goes to the hospital and any legal opinion costs). There are no other deductions for purposes of calculating the commission.

My suggestion is that we construct a master agreement between Ken’s and my company, Co-Pay Funding and Rosemont Seneca that accommodates Bill’s deal, but also enables us to engage on other opportunities that arise. Not all of the deals are structured the same, so we’ll construct the agreement in a way where we can add different deals that interest you. For example, I’m going to Florida the week after next to talk about another opportunity that doesn’t involve Bill, and has a different fee structure, but covers literally hundreds of hospitals and could encompass reimbursement opportunities well into the billions of dollars. That deal will likely be ready to hit the street in about 30-60 days, and if it’s something of interest to you, we can tuck it into our agreement easily.

Thanks,
Gus

From: Eric Schwerin [mailto:eschwerin@rosemontseneca.com]
Sent: Friday, March 08, 2013 4:56 PM
To: gbessalel@verizon.net
Subject: Re: Selected hospital opportunities