EMAIL DETAILS

This all looks good.


I would think the next step is a min-business plan showing sales &
marketing, operations & set up, etc and the projected sequence of events,
expenditures and roles & responsibilities over the next 3-12 months.


Best,


Neil


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Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965

1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880

917-945-9516 (mobile)

866-749-8879 (fax)


From: Joan Peugh [mailto:jpeugh@rosemontseneca.com]
Sent: Wednesday, June 23, 2010 10:49 AM
To: hbiden@rosemontseneca.com; cheinz@rosemontseneca.com; Devon Archer; Eric
Schwerin
Cc: ncallahan@rosemontseneca.com; Arlene Busch; Joan Peugh
Subject: UPDATED Fund of Funds Approach Documents


Gentlemen,


Please find attached 3 documents related to our Fund of Funds approach.


1. Fund of Funds deck including the performance fee we agreed upon.

2. Cost analysis and revenue projections

3. Pro-forma with no performance fee (Included for comparison purposes
only)


Arlene plans to update the pro-forma after June's performance. Please
contact her with any comments or questions.


Best,

Joan


Joan K. Peugh

Rosemont Seneca Partners

1010 Wisconsin Avenue, NW

Suite 705

Washington, DC 20007

T:(202) 333-1880

F: (202 333-1886

M: (202) 841-8543

jpeugh@rosemontseneca.com