Subject: RSTP Talking Points
From: "Eric Schwerin" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Thu, 14 May 2015 17:19:07 -0400

·      I am not asking for anything for RSTP II (management fees and equity) despite the fact that I was involved in RSTP II until volunteering to step back in October.

·      I am also not asking to continue to receive management fees for RSTP I, RSTP II Alpha and RSTP II Bravo despite the fact that those funds are now closed and I am perfectly within my rights to continue to receive fees from them.

·      In exchange for agreeing to give up the management fees to RSTP I, RSTP II Alpha and Bravo AND any interest whatsoever in RSTP II, all I am asking for is a $250,000 payment (to be paid out over time).  

·      If you assume RSTP II will close at $50m, that is equivalent to 60% of the management fees that would be paid to me for all RSTP funds for 2016 had I chosen to remain in RSTP.

·      If you include Rob’s $150,000 in fees that would have come to the DC office, I am just asking that less one year’s worth fees be dedicated to a $200,000 payment to me in 2016.  ($400,000 due vs. $350,000 I am asking to be paid out to me, Eric and Rob.)

·      As of April 1st, I should have received approximately $78,000 in management fees as Q1 and Q2 payments for RSTP I, RSTP II Alpha and RSTP Bravo.  I am only asking for $50,000 of that now.

·      IF WILL ASKS FOR A DELAY IN THE $50,000 DUE:  I am perfectly willing to wait until RSTP II closes on June 12th and receive the $50,000 then but I want the agreement signed by COB tomorrow.

 

 

Approx. Management Fees due to DC office for 2016

RSTP I                                                 $38,750

RSTP II Alpha and Bravo                  $118,773

Total not including RSTP II              $157,523

RSTP II (assuming $50m close)      $250,000

Total Annual Fees due to DC Office Under Status Quo     $407,523

 

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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