From: "Jeffrey E." <jeevacation@grnail.com>
To: Paul Barrett
Subject: Re: Follow up
Date: Tue, 23 May 2017 21:40:28 +0000
ok i agree
On Tue, May 23, 2017 at 5:35 PM, Paul Barrett wrote:
Jeffrey
I spent time with Darren and Rich yesterday. We went back and forth on a number of issues including the 10%
down and out clause (I would like 15%), what event voids this threshold (terror, war etc), high water mark
(which makes little sense as I don't have a performance fee). It feels like we are over complicating things. If
you are worried about the 3 yr lock then let's change it to a 2 yr guarantee with no down and out clause. I am
fully confident after 2 years we will renew the agreement. We will make real money by going against the grain
when opportunities present themselves. That's how we made good money when I was covering you and I want
to maintain that mindset going forward. You have known me for long enough that you can trust me with this.
I tried calling you. Am around later tonight if you would like to discuss.
Paul
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