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Good deal. FYI, they also have the retainer as $7500 for months one and two, $5000 for months three and four and $2500 for months five and six. I am OK with that if we don't have to have the retainer be an advance on commissions.


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.

On Apr 29, 2010, at 1:54 PM, Hunter Biden wrote:

> Just make point you don't see how we make any money doing this- that we really love the product- but the incentive is so low that you don't know how we are motivated to do the hard work to get it done.
>
> Sent from my iPad
>
> On Apr 29, 2010, at 1:50 PM, Eric Schwerin <eschwerin@rosemontseneca.com> wrote:
>
>> I was thinking of pushing back a little. Their contract with us proposes the retainer be a credit towards commissions. I kind of feel like we have come down in price so much we should get the retainer (it is only $60K) without having it credited towards commissions. (We'd need to sell $1 million of product before we see commissions). Talking to them in 10 minutes. Thoughts? Am I being greedy?
>>
>>
>>
>> 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.
>>