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Attached is the draft cover letter we discussed on our call. Please let me
know if you have any suggested changes.

Best,

Mike

On Mon, Jun 6, 2011 at 12:54 PM, Michael Muldoon <
mmuldoon@rosemontseneca.com> wrote:

> Thank you for your feedback. Attached in an updated draft that contains the
> increased retainer and has placeholders for the incentive fee and additional
> scope beyond Amtrak should we decide to include on our call tomorrow.
>
> Thanks,
>
> Mike
>
> On Fri, Jun 3, 2011 at 6:07 PM, Eric Schwerin <
> eschwerin@rosemontseneca.com> wrote:
>
>> I agree. Some comments and we can discuss on our call next week:
>>
>> 1) Let's use the $21,000 a month number and see if that works.
>>
>> 2) On the incentive fee, we weren't sure what to put in. I think it
>> should be a set percentage, but if you go by our initial incentive fee for
>> this it works out to far less than 1%, so there isn't a clear precedent.
>> That one was clearly lower than the norm because we were brought in towards
>> the end of the process.
>>
>> 3) We should discuss whether things beyond Amtrak should be considered
>> part of this or whether we want/need separate agreements. I'd be inclined
>> to focus this just on Amtrak. We already give them free advice on things
>> like Houston (which were never part of the original agreement) and we will
>> continue to do so, but once we get this extension locked in with a focus on
>> Amtrak we should probably talk to them about additional opportunities beyond
>> Amtrak.
>>
>> We can discuss on Tuesday's call.
>>
>> Best,
>>
>> Eric
>>
>>
>>
>>
>>
>> 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 Jun 3, 2011, at 8:18 AM, Abel Navarro Homet wrote:
>>
>> Hi everyone,
>>
>> I have been going through the contract and I have several comments :
>>
>> 1) The annual retainer payment in the first contract was 250.000 usd
>> instead of 180.000 usd. There is no reason to change this. Also, I think we
>> should state the monthly rate here ( 20.833 Usd or 21.000 usd or 20.000 Usd)
>> not the yearly.
>> 2) In paragraph “ Consideration / Term “ I would also mention the
>> incentive fee issue that we would agree upon for each specific project.
>> 3) In the “Consulting Services”, apart from helping with Amtrak
>> (which is very important), I would also include *specific* projects
>> where Transatlantic / Rosemont can be involved in advising them to win a
>> *specific* contract. For example: Los Angeles, Houston or any other
>> project that Amtrak might have right now in their pipe line. Another way to
>> do is by requesting a list of the different opportunities that they see
>> right now in the US market
>>
>> Let me know your thoughts. Regards
>>
>>
>> Abel Navarro Homet
>>
>> Transatlantic Energy Group
>>
>> Managing Partner
>> C/ Juan de Mena, 19-1 dcha
>> 28014, Madrid, Spain
>> Teléfono: +34 91 781 31 60- Fax: +34 91 429 56 20
>> Móvil: +34 607 706 609
>> e-mail: abel@transatlanticeg.com
>>
>> *De:* Michael Muldoon [mailto:mmuldoon@rosemontseneca.com]
>> *Enviado el:* miércoles, 01 de junio de 2011 18:44
>> *Para:* Lorenzo Roccia; Abel Navarro Homet; Alessandro Zanelli; Pio
>> Mortera Nales; Caitlin Yardeny
>> *CC:* Hunter Biden; Eric Schwerin
>> *Asunto:* DRAFT CAF Contract
>>
>> Good Afternoon Everyone,
>>
>> Attached is a draft CAF contract for your review. Please let me know if
>> you have any questions or concerns.
>>
>> Best,
>>
>>
>> Mike
>>
>> --
>> Mike Muldoon
>> Rosemont Seneca Partners, LLC
>> 1010 Wisconsin Ave., NW
>> Suite 705
>> Washington, DC 20007
>> (202) 333-1880
>> mmuldoon@rosemontseneca.com
>>
>>
>
>
> --
> Mike Muldoon
> Rosemont Seneca Partners, LLC
> 1010 Wisconsin Ave., NW
> Suite 705
> Washington, DC 20007
> (202) 333-1880
> mmuldoon@rosemontseneca.com
>
>


--
Mike Muldoon
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
mmuldoon@rosemontseneca.co