Subject: Re: Qatar Holdings
From: "Devon Archer" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Wed, 7 May 2014 15:12:19 -0400

I'd say you're having high level meetings CIC, SAFE and Harvest discussing
cross border M&A and bilateral investments between our two nations.

On Wed, May 7, 2014 at 3:05 PM, Hunter Biden <[email-masked]>wrote:

> How should I answer this for Will?
>
> RHB
> 202.333.1880
>
> Begin forwarded message:
>
> *From:* William Lee <[email-masked]>
> *Date:* May 8, 2014 at 2:51:54 AM GMT+8
> *To:* Hunter Biden <[email-masked]>
> *Cc:* John DeLoche <[email-masked]>, Devon Archer <
> [email-masked]>, Neil Callahan <[email-masked]>
> *Subject:* *Re: Qatar Holdings*
>
> Hi Hunter,
>
> We will be meeting with a fund from Greater China, China Development
> Investment Bank tomorrow. Their CEO is also here to meet with us.  They
> have a big Asia/China angle.  The fact that you are in China and can't make
> the call is awesome. But is there anything we can say about your trip to
> China?  The people that you are meeting?  Anything high level is fine.
>
> Thanks and have a safe trip home.
>
> Will
>
> William Lee
> Rosemont Seneca Technology Partners (RSTP)
> Sent from my iPhone
>
> On May 7, 2014, at 10:51 AM, Hunter Biden <[email-masked]>
> wrote:
>
> Good job guys. Give me the roadmap and Devon and I will try to close in
> Doha.
>
> RHB
> 202.333.1880
>
> On May 7, 2014, at 9:43 PM, John DeLoche <[email-masked]> wrote:
>
> Guys,
>
> I just got off the call with Mohammed at Qatar holdings. Great intro from
> Hunter and great call. He is the big boss that runs the group. There is a
> guy who runs fund commitments below him and they are totally coordinated.
>
> He also told me as he told Hunter in DC that they like to do
> co-investments and then fund commitments. We had the same conversation we
> have been having with Neuberger and others about the price of admission for
> co-investments in our deals being a fund commitment. He gets it and it was
> a constructive conversation.
>
> He said they typically like to do $100mm fund commitments but they do not
> want to be more than 20% of a fund. He understands our smaller fund size
> strategy and agrees with it. He said they can be flexible on the fund
> commitment size for venture/growth strategies.
>
> We talked a lot about Counsyl and how attractive the deal is, the fact
> that we have over $50mm committed to the company already, etc.
>
> The deal I proposed to him is that they dual track putting $50mm into our
> fund and we also convince Counsyl to increase the size of this round to
> $100mm so they can write a $50mm direct check into Counsyl. This would
> accomplish their goal of a minimum $100mm commitment and accomplish our
> goal of having them be a meaningful fund LP who would have priority for
> future co-investments.
>
> He said we should keep the dialog going along these lines when Hunter is
> in Doha in the coming weeks. I think Hunter can sell him on the structure I
> proposed above when he is in Doha.
>
> Let's discuss.
>
> Best,
>
> John
>
> John DeLoche
> *Co-founder and Managing Director*
> Rosemont Seneca Technology Partners
> 333 Bush Street, 21st Floor
> San Francisco, CA 94104
> office: 415 767 1288
> mobile: 415 793 7070
>
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