Subject: Re: Harvest : BAM steps to 3/15 close
From: "James Bulger" <[email-masked]>
To: "Devon Archer" <[email-masked]>
Cc: "蒋明[Jiang Ming]" <[email-masked]>, "Michael Leonard" <[email-masked]>,"赵学军[Henry Zhao]" <[email-masked]>, "Godfrey, Andrew" <[email-masked]>, "Seb Momtazi" <[email-masked]>, "Hunter Biden" <[email-masked]>,"何清[He Qing]" <[email-masked]>
Date: Fri, 11 Mar 2016 07:37:25 -0500

Devon
Daylight savings on Saturday I think makes us go back to 12 hour difference
with Beijing so we get in the call at 9:00pm Sunday here east coast US.
Am I right?
Jimmy

On Friday, March 11, 2016, Devon Archer <[email-masked]> wrote:

> Thanks Ming.  We'll review all, turn around, and let's plan on an all
> hands call 9am Beijing time on Monday (8pm NY time on Sunday).
>
> We'll circulate a dial in.
>
> Devon D. Archer
>
> On Mar 11, 2016, at 4:33 AM, 蒋明[Jiang Ming] <[email-masked]
> <javascript:_e(%7B%7D,'cvml',[email-masked]');>> wrote:
>
> Please find attached the revised drafts of the Operating Agreement and the
> Convertible Note.  For your reference, please find attached the redlines
> reflecting changes to the initial versions circulated.
>
>
>
> The Convertible Note is unsecured, but we understand that BAM is providing
> a guaranty, a draft of which has not yet been provided.  We reflected this
> in a footnote to the Convertible Note.
>
>
>
> While your team review these documents, may I propose that we have a call?
> I will be joined by Harvest internal and external lawyers, you can invite
> accordingly on your side. Time-wise, how about Monday 9am Beijing time?
>
>
>
> Thanks!
>
> Ming
>
>
>
> *发件人:* Devon Archer [mailto:[email-masked]
> <javascript:_e(%7B%7D,'cvml',[email-masked]');>]
> *发送时间:* 2016年3月10日 19:23
> *收件人:* 蒋明[Jiang Ming]
> *抄送:* Michael Leonard; James Bulger; 赵学军[Henry Zhao]; Godfrey, Andrew;
> Seb Momtazi; Hunter Biden; 何清[He Qing]
> *主题:* Re: 答复: 答复: Harvest : BAM steps to 3/15 close
>
>
>
> Yes agreed on both points.
>
> Devon D. Archer
>
>
> On Mar 10, 2016, at 4:57 AM, 蒋明[Jiang Ming] <[email-masked]
> <javascript:_e(%7B%7D,'cvml',[email-masked]');>> wrote:
>
> Thanks!
>
>
>
> While I am waiting for external lawyer’s document, there are two points
> that I would like to clarify.
>
>
>
> 1.       In harvest note regarding conversion: BAM’s valuation prior to
> JJR investment is $10mm. if JJR converts, BAM’s pre-money valuation is
> $11mm, $15mm post money after harvest conversion. However, if JJR chooses
> not to convert, BAM’s pre-money valuation is $10mm, post money valuation
> $14mm. This point is not clear in the original documentation. If you agree,
> we will try to fix it in the documentation.
>
> 2.       In operating agreement: pre-harvest conversion, JJR designee is
> in the board while Harvest designee has observation rights. Given that
> Harvest’s investment is four times the size of JJR’s, we think that Harvest
> designee should be in the board prior to conversion.
>
>
>
> Ming
>
>
>
> *发件人:* [email-masked]
> <javascript:_e(%7B%7D,'cvml',[email-masked]');> [
> mailto:[email-masked]
> <javascript:_e(%7B%7D,'cvml',[email-masked]');>] *代表 *Michael
> Leonard
> *发送时间:* 2016年3月10日 6:42
> *收件人:* Devon Archer
> *抄送:* 蒋明[Jiang Ming]; James Bulger; 赵学军[Henry Zhao]; Godfrey, Andrew; Seb
> Momtazi; Hunter Biden; 何清[He Qing]
> *主题:* Re: 答复: Harvest : BAM steps to 3/15 close
>
>
>
> Ming,
>
>
>
> Per your request attached please find the Burnham wiring instructions as
> well as the most recent (2015) Burnham Chief Compliance Officer's report.
>
>
>
> If you have any further questions please feel free to let us know.
>
>
>
> Best,
>
> Mike
>
>
>
> On Wed, Mar 9, 2016 at 7:57 AM, Devon Archer <[email-masked]
> <javascript:_e(%7B%7D,'cvml',[email-masked]');>> wrote:
>
> Xie xie Ming!  All information forthcoming.
>
> Devon D. Archer
>
>
> On Mar 8, 2016, at 10:57 PM, 蒋明[Jiang Ming] <[email-masked]
> <javascript:_e(%7B%7D,'cvml',[email-masked]');>> wrote:
>
> Dear Devon,
>
>
>
> Qing He is our internal legal, I CCed her in the email.  Mayerbrown is our
> external counsel.
>
> Investing entity is Harvest Alternative Investment Group Limited. It’s a
> BVI company.
>
> Comments to deal documentation should be available within next two days.
> My thought is to send you the comments first and we follow up with a call
> to finalize.
>
>
>
> A request from compliance: please send over BAM’s last Rule 206(4)-7 exam
> report, as referred in Section 20 on page 20-1 of the compliance manual.
>
>
>
> Please also send over your bank account details for wiring purpose. On
> closing day, we will send over $4mm – $50k.
>
>
>
> Best
>
> Ming
>
>
>
> *发件人:* Devon Archer [mailto:[email-masked]
> <javascript:_e(%7B%7D,'cvml',[email-masked]');>]
> *发送时间:* 2016年3月9日 3:34
> *收件人:* 蒋明[Jiang Ming]
> *抄送:* Michael Leonard; James Bulger; 赵学军[Henry Zhao]; Godfrey, Andrew;
> Seb Momtazi; Hunter Biden
> *主题:* Harvest : BAM steps to 3/15 close
>
>
>
> Dear Ming,
>
> We're a week out from the scheduled March 15th close and wanted to follow
> up on our action plan for closing well as schedule a conference call
> tomorrow.
>
>
>
> Firstly, let us know what you need from us at this point.
>
>
>
> Secondly, here are some of the initial pieces of information we need from
> you:
>
>
>
> - Name of your legal counsel
>
> - Name of investing entity and relevant details about that entity
>
> - Final comments on deal documentation so we can proceed to executing on
> our end
>
>
>
> Please advise on convenient time for call.
>
>
>
> Very Best,
>
> Devon
>
>
>
> Devon D. Archer
>
> +1 646 923 3883
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
> ------------------------------
>
>
> 敬告：
>
>
> 在享有法律赋予的权利或者保护不应予以纰漏的前提下，本邮件内容所载或其随附的信息可能属于保密信息，只供指定接收方使用。如阁下并非本邮件指明的接收方，请将阁下拥有的本邮件及其所有备份
> (包括所有附件)删除及销毁，并通知发件方错误收到本邮件。在此特提请阁下注意不得阅览或分发本邮件，并不得基于对本邮件采取任何行动。
>
>
> NOTICE TO RECIPIENT(S):
> The information contained in and accompanying this communication may be
> confidential, subject to legal privilege, or otherwise protected from
> disclosure, and is intended solely for the use of the intended
> recipient(s). If you are not the intended recipient of this communication,
> please delete and destroy all copies (including any attachments) in your
> possession, notify the sender that you have received this communication in
> error, and note that any review or dissemination of, or the taking of any
> action in reliance on, this communication is expressly prohibited.
>
>
>
>
>
> --
>
> Michael R. Leonard
> Vice President, Operations Department
> Thornton Group LLC
> 14 Beacon Street, Suite 804A
> Boston, MA 02108
> Office: 617-248-9440
> Mobile: 781-454-9227
>
>
> ------------------------------
>
>
> 敬告：
>
>
> 在享有法律赋予的权利或者保护不应予以纰漏的前提下，本邮件内容所载或其随附的信息可能属于保密信息，只供指定接收方使用。如阁下并非本邮件指明的接收方，请将阁下拥有的本邮件及其所有备份
> (包括所有附件)删除及销毁，并通知发件方错误收到本邮件。在此特提请阁下注意不得阅览或分发本邮件，并不得基于对本邮件采取任何行动。
>
>
> NOTICE TO RECIPIENT(S):
> The information contained in and accompanying this communication may be
> confidential, subject to legal privilege, or otherwise protected from
> disclosure, and is intended solely for the use of the intended
> recipient(s). If you are not the intended recipient of this communication,
> please delete and destroy all copies (including any attachments) in your
> possession, notify the sender that you have received this communication in
> error, and note that any review or dissemination of, or the taking of any
> action in reliance on, this communication is expressly prohibited.
>
>
> ------------------------------
>
> 敬告：
>
>
> 在享有法律赋予的权利或者保护不应予以纰漏的前提下，本邮件内容所载或其随附的信息可能属于保密信息，只供指定接收方使用。如阁下并非本邮件指明的接收方，请将阁下拥有的本邮件及其所有备份(包括所有附件)删除及销毁，并通知发件方错误收到本邮件。在此特提请阁下注意不得阅览或分发本邮件，并不得基于对本邮件采取任何行动。
>
>
> NOTICE TO RECIPIENT(S):
> The information contained in and accompanying this communication may be
> confidential, subject to legal privilege, or otherwise protected from
> disclosure, and is intended solely for the use of the intended
> recipient(s). If you are not the intended recipient of this communication,
> please delete and destroy all copies (including any attachments) in your
> possession, notify the sender that you have received this communication in
> error, and note that any review or dissemination of, or the taking of any
> action in reliance on, this communication is expressly prohibited.
>
> <Harvest - BAM Holdings LLC Operating Agreement (46556922_5).docx>
>
> <Harvest - Convertible Note (46556643_6).docx>
>
> <Harvest - Redline - Convertible Note (cumulative).pdf>
>
> <Harvest - Redline - Operating Agreement (cumulative).pdf>
>
>

-- 
James J. Bulger
Chairman
Thornton Group LLC
14 Beacon Street, Suite 804A
Boston, MA 02108
Office tel: 617.248.944