Subject: GS update
From: "Devon Archer" <[email-masked]>
To: "Lorenzo Roccia" <[email-masked]>, "Eric Schwerin" <[email-masked]>, "Michael Huerta" <[email-masked]>, "Hunter Biden" <[email-masked]>, "Abel Homet" <[email-masked]>
Date: Thu, 26 May 2011 09:32:09 -0400

Finally had wrap up call with Goldman this morning.  The answer is that they
are a 'pass' on Sun.  They like us and say the deal makes a lot of sense for
a "PA" but doesn't fit their return profile.  They emphasized that they
really want to do something with us and we have a meeting in two weeks to
discuss their parameters for deals so that we can have a pseudo mandate to
go out and find deals (that they're happy to pay fees on) to anchor or go
exclusive on equity.