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I think 60/40 is the right compromise. I will call Abel today.

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-----Original Message-----
From: Eric Schwerin <eschwerin@rosemontseneca.com>
Date: Tue, 15 Jun 2010 12:05:13
To: darcher@rosemontseneca.com Archer<darcher@rosemontseneca.com>; hbiden@rosemontseneca.com Biden<hbiden@rosemontseneca.com>
Subject: Transatlantic MOU

Abel called me about the MOU. As I suspected, he didn't think we should split the CAF success fee 60/40, but instead 50/50. I didn't commit either way - said I would discuss with the two of you. I think the chances of a success fee aren't great so I don't know if it makes sense to push, but of course there is still the fact that we gave up a 75/25 equity split on Talgo for this and the 60/40 would be a nice compromise.


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
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