Subject: Re: Finalizing RSTP Alpha and Bravo Economics
From: "William Lee" <[email-masked]>
To: "John DeLoche" <[email-masked]>
Cc: "Chris Heinz" <[email-masked]>, "Hunter Biden" <[email-masked]>, "Devon Archer" <[email-masked]>, "Neil Callahan" <[email-masked]>
Date: Wed, 24 Jun 2015 15:26:09 +0000

Yes I'm in agreement of this as well. 

William Lee @ RSTP

> On Jun 24, 2015, at 7:09 AM, John DeLoche <[email-masked]> wrote:
> 
> Gentlemen,
> 
> As discussed, we need to finalize the economics for our operating agreements for RSTP II Alpha and Bravo. Goldman has asked us for definitive closure on this subject as they are the sole LP of these vehicles. These will be fully vested GP % splits and they need to be allocated to individuals. Our historical splits for these two vehicles have been:
> 
> Will, Neil, John: 55% (equally split among them)
> Chris, Devon: 22.5%
> Hunter (and team): 22.5%
> 
> Given the outstanding contribution of Rob Walker, several of us feel he should be rewarded and receive a specified share of the GP split for these vehicles. It has been proposed by multiple partners that the right thing to do here is allocate Rob 10% of the GP of Alpha and Bravo and for all of us to bear the dilution hit equally. The revised splits to reflect this would be as follows:
> 
> Will, Neil, John: 49.50% (equally split)
> Chris, Devon: 20.25% (please let us know split for execution docs)
> Hunter (and Eric?): 20.25% (please let us know split for execution docs)
> Rob: 10%
> 
> Please reply with your agreement, or comments, on the above and note final individual splits where necessary. We should aim to execute this agreement this week. 
> 
> Warmest regards,
> 
> John
> 
> John DeLoche
> Co-founder & Managing Director
> RSTP
> 333 Bush Street, 21st Floor
> San Francisco, CA 94104
> direct: 415 767 1288
> mobile: 415 793 7070
> 
> 
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