Subject: Site Visit Prep - Overview and briefing
From: "Neil Callahan" <[email-masked]>
To: <[email-masked]>, <[email-masked]>
Cc: <[email-masked]>, "'Hunter Biden'" <[email-masked]>, "'Eric Schwerin'" <[email-masked]>
Date: Wed, 26 May 2010 11:45:51 -0400

Hi Dan & Mike,

I hope you guys are doing well and getting used to the altitude.

In preparation for a site visit to SF, we'd like to help get the team
briefed on the overall opportunity and have a Q&A with you.

I think the main areas we'd like to cover are:

1.       Deal structure, terms and key investors

2.       Current governance of the portfolio and management company -  key
players & stakeholders

3.       Overview of the portfolio and underlying obligations

4.       Overview of management company capabilities

5.       Any intangible or qualitative insight / comments / risks (people,
unique situations, etc.)

6.       Expanded real estate opportunity / leverage of current platform

(Team - please add any additional suggestions or clarification of what you'd
like covered or any key questions)

We can definitely dive deeper into the areas during the site visit; we'd
just like to cover some ground prior so the team comes in warmed up.

Could we do a conference call / webex sometime next week?  Would Tuesday or
Thursday afternoon work for you?  Say 2pm EST / 12pm MST either day?

Best,

Neil

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Neil Callahan

Rosemont Seneca

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