Subject: From an earlier email that breaks down fees
From: "Eric Schwerin" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Wed, 4 Mar 2015 17:02:22 -0500

RSTP I, Alpha and Bravo (the three Counsyl only vehicles that are closed) pay out $476,000 a year in mgmt fees.  The RSP share of that would be $238,000 and the DC office share would be $119,000.  

RSTP II currently is paying $540,000 a year in mgmt fees.

If we made no changes to RSTP I, Alpha and Bravo and decided to let John, Neil and Rob have all the mgmt fees from RSTP II mgmt fee splits would break out this way:

RSP (NY and DC): $238,000 a year ($20K a month total or $10K a month to DC) - not a lot but even a steady $10K a month to go to rent, etc. isn’t bad.

John, Neil and Rob (and Will?) would have $778,000 a year to split amongst themselves assuming not another dollar is raised.   Assuming another $25m (which I think is the likeliest scenario) is raised for RSTP II, that number would increase to $1,278,000 a year.  

Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
[email-masked] <x-msg://59/[email-masked]>
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