EMAIL DETAILS

Agreed. And the letter from the lawyer will have Goldman as a cc:

Let me draft two versions and you can decide.

Eric D. Schwerin
eschwerin@rosemontseneca.com

Sent from my iPhone

On May 17, 2015, at 11:44 AM, Hunter Biden <hbiden@rosemontseneca.com>
wrote:

You know the more I think about it the more I just want to say either sign
the agreement or don't. If they don't then expect a letter from my lawyers .

RHB
202.333.1880

On May 17, 2015, at 10:57 AM, Eric Schwerin <eschwerin@rosemontseneca.com>
wrote:

If this was so important to GS why wouldn’t GS have demanded to see docs
that show RHB was removed from the partnership before they agreed to invest
$10m in RSTP II. Only answers are that GS was told it was taken care of or
GS doesn’t really care.

Also if GS really insisted on this then the original agreement Will sent in
February doesn’t comport with those facts. That agreement that Will sent
allows you to remain in RSTP I, Alpha and Bravo and fully vest (although it
allowed John and Will to throw you out at any time for any reason they want
it still envisioned a scenario where you could receive 100%). Will is
saying Goldman was opposed to that.

And I still don’t know where they get the vesting from. I can’t find it.


Call them on it and see if they are really willing to blow up the fund over
this. This is insulting to our collective intelligence.


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.*

On May 17, 2015, at 10:44 AM, Hunter Biden <hbiden@rosemontseneca.com>
wrote:

I missed this email from Will- just reading it now.

RHB
202.333.1880

Begin forwarded message:

*From:* William Lee <will@rstp.com>
*Date:* May 15, 2015 at 2:46:55 PM EDT
*To:* Hunter Biden <hbiden@rosemontseneca.com>
*Subject:* *RSP/RSTP Acknowledge Agreement 5/15/2015*

Hi Hunter,

Thanks for the call this morning. Hope your brother’s condition is
improving. My thoughts and prayers are with you.

Here are the key points of the attached agreement.

a) We removed the individual names from the original proposed agreement.
The revised agreement is between RSP and RSTP.

b) RSP gets paid $32,000.

c) RSP gets 22.5% of the carried interest of RSTP I, Alpha and Bravo in
accordance to all of our partnership’s 5-year vesting schedule.

d) The partnership agrees to grant 100% vested carried interest for RSP in
RSTP I. This is an accelerated increase from 70% to 100% from our call
this morning. This is based on good faith of our relationship.

e) As for Alpha & Bravo, Goldman’s entities are the sole LPs of Alpha and
Bravo. They requested the removal of you from Alpha, Bravo and all the
RSTP entities that Goldman is a part of starting October 2014, and asked us
to consider doing so back to February 2014. Once again, under good faith,
the partnership is granting you extra 8 months of vesting from October 2014
to May 2015.

I am in complete agreement with you that we should get this resolved within
72 hours. Please feel free to reach out to me any time today or over the
weekend to discuss.

All the best,
Will

<RSTP - Acknowledgment Agreement 2015-05-15.docx>


William Lee, Managing Director
RSTP
333 Bush Street, 21st Floor
San Francisco, California 94104
Office: 415.767.1289
Mobile: 617.407.5958
www.rstp.com

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