From: "Peter L. Corsell"
To: "jeffrey E." <jeevacation@gmail.com>
Cc: Boris Nikolic
Subject: Re:
Date: Tue, 05 May 2015 16:46:58 +0000
Indeed. At least everyone can be focused on one set of signed documents and the parties can send
signed/initialed red-lines back and forth. I think Boris should make whatever changes he wants to the
documents, let's just narrow the areas of disagreement, so Boris and David can find some acceptable middle
ground and be done with it. So, while Boris' changes may be significant, I think it's better to limit the number of
changes to as few as possible. I am personally indifferent on the promissory note concept, but I am obviously
not in charge here. Talk to you both soon. Peter
On May 5, 2015, at 12:39 PM, jeffrey E. <jeevacation@gmail.com> wrote:
you and i both,,, if david wants the gp idea then he should put up the 400k as debt to the new entity, boris
should not have to tie up or risk his personal capital
On Tue, May 5, 2015 at 10:58 AM, Peter L. Corset wrote:
Hey,
So, I forwarded your email to David and we discussed. In addition to the fact that the proposal was unsigned
by Boris (but let's leave that aside), David doesn't like the note structure because his attorneys believe he will
have more protection as the general partner of a new vehicle that actually owns the shares. Rather than
potentially obtaining a judgment and having to collect from Boris personally.
David would like Boris to choose one of the two offers he submitted to Gunderson, based on Gunderson's
original framework (the one you sent to me and then I sent it to David and then his attorneys edited it and then
David signed it and sent it to Gunderson). He expects Boris to choose one of those structures, make a counter
proposal, initial his changes, sign the document and have Gunderson send it back to David.
At this point, I would really like to limit my involvement and the time I spend on this. So, if you think Boris
can work with you and his attorneys to counter one of David's proposals in writing, I think that would be best
and most efficient. It's all the same economics anyway.
Peter
On May 4, 2015, at 6:55 PM, jeffrey E. <jeevacation@gmail.com> wrote:
he will sign this, you have my word, . howver the market is now 150 500 as i see it . my guess is that 250
does it
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<Promissory Note to David Schwarz(1).doc>
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