From: jeffrey E. <jeevacation@gmail.com>
Sent: Wednesday, February 24, 2016 12:50 PM
To: Dangene and Jennie Enterprise
Subject: Re: thanks for the email earlier
just a call on some number of legacy co shares. .4)=A0 should accomplish all
On Wed, Feb 24, 2016 at 1:20 PM, Dangene and Jennie Enter=rise
<mailto > wrote:
had a great call with Russ and Nick last night and we all agreed that the b=st path forward is to creat an entirely
different structure that would acc=mplish the following - get money to buy rfr out but do it in an entity tha= doesn't
touch legacy companies and then create some synthetic equity to connect that entity to NY - same =esult different
mechanism ,,,,one idea that we started to explore be=ween the morning call and the evening call that we ran by them is
the foll=wing ( just an example of one way to shape it ...our lawyers are out of the country for meetings ove= next few
days but we expect to get them something early next week Q=A6also Russ said that they could move quickly on this
because all their ta= issues go away ....
=C24, a. Jennie & Nathan establish a NewCo (outside the entire TCC universe)
b. =C24>TCCI (through TCC IP) signs an agreement with NewCo to grant it a perpetual exclusive licens= to all
the CORE: IP .
c. =C240Funds flow into TCC IP or TCCI as necessary/required.
d. =C2QTCCI upon receipt of the funds, pays RFR/AES as per the terms of the current agreements bein=
drafted between the parties.
e. =C24k All NY COD related issues are dealt with as appropriate and not subject to the=new venture (i.e. in the
best interest of the company and owner (JE))
LOVE YOU
CORE: Jennie Enterprise I
I Founder & Chairman I 66 East 55th Street New York NY 10022 I Main: a
href="tel:212%20486%206600" value="+12124866600" target="_blank">21= 486 6600 I
mailto =C24kl
www.coreaccess.net <http://www.coreaccess.net/> I
please =ote
EFTA_R1_01580289
EFTA02469701
The information contained in this communication is
confiden=ial, may be attorney-client privileged, may
constitute inside informati=n, and is intended only for
the use of the addressee. It is the propert= of
JEE
Unauthorized use, disclosure or copying of this
communica=ion or any part thereof is strictly prohibited
and may be unlawful. If =ou have received this
communication in error, please notify us immediat=ly by
return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and
destroy this comm=nication and all copies thereof,
including all attachments. copyright -=11 rights reserved
2
EFTA_R1_01580290
EFTA02469702