From: Richard Kahn
To: "jeffrey E." <jeevacation@gmail.com>
Subject: Fwd: Next
Date: Fri, 05 Jan 2018 18:12:45 +0000
what time is best for you this afternoon?
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York NY 10022
Begin forwarded message:
From: Neale Attenborough
Subject: RE: Next
Date: January 5, 2018 at 1:08:11 PM EST
To: Richard Kahn c )
Sorry I had to drop off. Let me know a couple of times you are available today and I will see if I can break free from my
meeting.
Neale
From: Neale Attenborough
Sent: Friday, January 5, 2018 1:06 PM
To: 'Richard Kahn'
Subject: RE: Next
I am dialed in and now have 5 minutes...
From: Richard Kahn Imailto
Sent: Friday, January 5, 2018 12:59 PM
To: Neale Attenborough
Subject: Re: Next
ok
what is the best number to reach you now?
please advise
thank you
EFTA00917119
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York. NY 10022
On Jan 5, 2018, at 12:41 PM, Neale Attenborough wrote:
I am free for the next 30 minutes if that works.
From: Richard Kahn imailto:
Sent: Friday, January 5, 2018 12:21 PM
To: Neale Attenborough
Subject: Re: Next
are you free to talk today?
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York NY 10022
On Dec 14, 2017, at 3:00 PM, Neale Attenborough < >. wrote:
The $11MM in total consideration is an EXTREMELY low valuation for this company, and frankly already
takes into consideration the legal risks that exist with the company.
I have absolutely no idea how you can call $8MM in upfront payment high. There are those in our company
that do not want any tail and do not want to take any further legal risk. I am fine with what I proposed
yesterday which is $8MM at close and $300 per year for the first two years, and $800K per year for the last
three years.
Let me know if that works for you. To be very clear, we will not accept anything less than that in terms of
up front payment, nor in terms of a more delayed 5 year pay out, nor in terms of total consideration.
Let me know if you want to do this deal on those terms.
EFTA00917120
On Dec 14, 2017, at 2:49 PM, Richard Kahn < wrote:
the 8mm is already high..
how do we deal with settlements earlier?
you wanted judgment after appeal? i am unclear
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York NY 10022
On Dec 14, 2017, at 2:39 PM, Neale Attenborough < > wrote:
That works if the upfront payment is $9MM. I will get my team drafting on yay deal.
On Dec 14, 2017, at 2:37 PM, Richard Kahn < wrote:
neale,
to make it simple i suggest: 200 400 600 800 1mm as the five year pay out.
if this ok, can you have your team start drafting.
thx
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York NY 10022
On Dec 13, 2017, at 5:10 PM, Neale Attenborough < > wrote:
Thanks. I have a hard stop at 5:30 so perhaps we should discuss tomorrow?
On Dec 13, 2017, at 5:05 PM, Richard Kahn < wrote:
EFTA00917121
sorry as we are running late
i will call you at 515pm
thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York NY 10022
On Dec 13, 2017, at 1:51 PM, Neale Attenborough < > wrote:
Yes 5:00 should work well. I will send you a clean and redline of the revised term sheet for our
discussion.
If you could call my cell +1 (617) 901-0711 that would be great.
Neale
On Dec 13, 2017, at 8:42 AM, Richard Kahn wrote:
sometime 4:30 - 5:30pm EST works better for me
please advise if you are available
thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York NY 10022
On Dec 12, 2017, at 9:56 PM, Neale Attenborough < wrote:
I am happy to try and accomplish this are you available tomorrow at 2:00pm ET?
On Dec 12, 2017, at 7:04 AM, Richard Kahn wrote:
neale,
EFTA00917122
You and I discussed trying to close a transaction this calendar year. If that is still the goal, I
think a phone call might be helpful.
If it is not then no rush as we have many other things to focus on. thx
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue, 4th Floor
New York, NY 10022
On Dec 11, 2017, at 4:28 PM, Richard Kahn ,, > wrote:
can we talk today or wednesday?
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York NY 10022
Ma
On Dec 11, 2017, at 3:46 PM, Neale Attenborough > wrote:
Certainly in the next couple of days. Yes.
On Dec 11, 2017, at 2:42 PM, Richard Kahn, > wrote:
will you we sending something today?
please advise
thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York NY 10022
Ma
EFTA00917123
On Dec 7, 2017, at 10:38 AM, Richard Kahn < > wrote:
thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York NY 10022
On Dec 6, 2017, at 3:50 PM, Neale Attenborough
wrote:
Confirmed. We are circling up on your requests to Rachel and will revert late this
week of early next.
On Dec 6, 2017, at 10:08 AM, Richard Kahn < > wrote:
please confirm you received my email
thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York NY 10022
On Dec 4, 2017, at 1:26 PM, Richard Kahn < > wrote:
neale.
EFTA00917124
we had a good call with Rachel and thank you for your offer..
1 as discusssed the tail payments should be five years rather than three as it
requires a final determination of liabiity AFTER appeal..
2 i think it in everyones interest to try to close this year as the foreign, inbound and
outbound become more complex in 2018.
3 if we can set a call and you can suggest an interest rate on the tail payments we
can discuss economics.
4 we are close and would rely on your team to put together the documents for faith
and joels review.
5 millie is still there :)
thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
EFTA00917125