EMAIL DETAILS

Team,

The call with NB this morning went very well. Below please find Doug’s email requesting to meet with us in SF for onsite DD for the RSTP II Fund and Counsyl this Thursday morning. We need to have all hands on deck here, as we have made a $100m ask into the fund and a potential $25m direct co-investment opportunity for Counsyl. NB is moving very quickly on this.

Best,
-Will

Begin forwarded message:

> From: "Manor, Doug" <Doug.Manor@nb.com>
> Subject: RE: RSTP Counsyl Series D Investment Memo
> Date: April 15, 2014 at 11:01:19 AM PDT
> To: William Lee <will@rstp.com>
> Cc: John DeLoche <john@rstp.com>
>
> Hi John & Will,
>
> Thanks again for spending so much time with us this morning. We are excited about reviewing the fund and co-investment in more detail. To that end, and considering the near-term decision deadline, we would like to schedule an on-site diligence meeting and Counsyl company visit on Thursday morning this week in San Francisco. Is this feasible on your end? I realize this is short notice, but we would like to complete our work as quickly as possible to meet the necessary deadlines. We would propose a morning diligence session at your office, followed by a company visit afterward before heading to the airport.
>
> Please let me know as soon as possible.
>
> All the best,
>
> Doug
>
>
> Doug Manor
> T: 214.647.9597
> E: Doug.Manor@nb.com
>
>
> From: William Lee [mailto:will@rstp.com]
> Sent: Friday, April 11, 2014 3:15 PM
> To: Tutrone, Anthony; Shofet, Jonathan; Manor, Doug
> Cc: John DeLoche; Neil Callahan; Devon Archer; Suzanne Troy Cole; Smith, Brien
> Subject: RSTP Counsyl Series D Investment Memo
>
> Tony, Jon and Doug,
>
> As discussed, please find attached our draft internal investment committee memo for the Counsyl Series D investment. I also included the company model for your reference. There is about $25m or so of this round available for direct investment from our LPs. About $15m of this $50m round is already spoken for by RSTP and another institutional LP. Given the accelerated timeframe here, we would be happy to get on a call to address any questions you might have, and happy to connect you directly with the company when appropriate.
>
> Best,
>
> Will and the RSTP team
>
>
>
>
> William Lee, Managing Director
> Rosemont Seneca Technology Partners (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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