Subject: Re: Finalizing RSTP Alpha and Bravo Economics
From: "Neil Callahan" <[email-masked]>
To: "John DeLoche" <[email-masked]>
Cc: "Hunter Biden" <[email-masked]>, "William Lee" <[email-masked]>, "Chris Heinz" <[email-masked]>, "Devon Archer" <[email-masked]>
Date: Tue, 30 Jun 2015 21:57:11 -0400

Basically if you declare yourself to be a Republican in the next 3 years
all bets are off!!  Heinz - same for you!! :)

On Tue, Jun 30, 2015 at 8:11 PM, John DeLoche <[email-masked]> wrote:

> Hunter,
>
> Thanks for processing the mark up. It looks like it is close to being
> finished but there were a few minor items from the original that did not
> make it in this version. We are trying to turn around an execution version
> for distribution tomorrow.
>
> Best,
>
> John
>
> John DeLoche
> RSTP
> 415 793 7070
>
> On Jun 30, 2015, at 10:44 AM, Hunter Biden <[email-masked]>
> wrote:
>
> This all works for me.   I have gone ahead and had the agreement that was
> sent around in March revised to reflect the below and included the splits
> for me, Devon, Chris and Eric on Schedule A.
>
> If everyone is in agreement, let’s execute the attached this week.
>
> Best,
>
> Hunter
>
> On Wed, Jun 24, 2015 at 11:26 AM, William Lee <[email-masked]> wrote:
>
>> 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
>> >
>> >
>>
>
>
>
> --
> R. Hunter Biden
> Rosemont Seneca Partners, LLC
> 1010 Wisconsin Ave., NW
> Suite 705
> Washington, DC 20007
> (202) 333-1880
>
> <RSTP, LLC-Rosemont Seneca, LLC Agreement - 6.25.15 version.docx>
>
>

-- 

Neil Callahan
rstp
[email-masked]
917-945-951