From: "Jeffrey E." <jeevacation@gmail.com>
To: Faith Kates >
Subject:
Date: Fri, 04 Aug 2017 13:21:17 +0000
send neil a note / Neil , our advisor at your request spoke to Mr. Lawler. . Mr. Lawler requested
questions in writing as he said he was also not very familiar with the detailed numbers. We have reviewed
limited number of the past k-I s , and financial statements. .
Taking into account the fact that there are still some liabilities outstanding ie Paris lawsuit etc. and to short
circuit a long number crunching and possibly futile excercise Joel and I suggest the following. . We will buy
you out at a total price of 6 million dollars paid over three years. or in the alternative we can pay 5 million cash
on closing. We are told that if phantom income was booked by your fund you will recover the benefit of the
higher basis (ie larger capital loss ) upon sale . We will part friends and release you from all future claims. We
thank you for the acknowledgment that you have not had the time to be a constructive partner , and we sincerely
hope that our offer meets your needs.
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