EFTA00707556.pdf

From: "Farkas, Andrew L." To: jeffrey E. <jeevacation@gmail.com> Subject: Re: Date: Mon, 13 Apr 2015 12:41:26 +0000 I'll call at 1:00 Sent from my BlackBerry 10 smartphone. From: Jeffrey E. Sent: Monday, April 13, 2015 8:22 AM To: Farkas, Andrew L Subject: Re: im at after I On Mon, Apr 13, 2015 at 7:21 AM, Farkas, Andrew L. < > wrote: How, when and under what circumstances would the $100 mm get paid? Is any portion of it contingent on a suggessful public execution or is it simply and equity placement fee? I need to know these things in order to discuss them in detail with the largest shareholders. As I understand it this would approximate a 7.5% equity placement fee. I am going to have no choice but to first pursue the less expensive sovereigns. If I fail then it will be easier, perhaps, to justify your request. The pricing differential is so great, however, that I will have some real problems if we don't do this in a serial manner. That said, in the potential circumstance where we do come back to you, time will be very short. Does it not make sense for me to go to London anyway, this week, to educate those who would need to be educated so that the process is shorter should we proceed? I have to go to see ADIA anyway. Sent from my BlackBerry 10 smartphone. From: Jeffrey E. Sent: Sunday, April 12, 2015 10:05 PM To: Farkas, Andrew L. Subject: Re: Im agnostic, howver I always want to help you. if inception for c3 would be 65m then and 125 now. it seems easy for a co with a 5 b market cap if it works. If you prefer to go to adia qatr or whomever and then come back to me. I wont be insulted. On Sun, Apr 12, 2015 at 7:40 PM, Farkas, Andrew L. < > wrote: If one applied the same metrics to the proposed trasaction, that $65mm would be worth about $125mm if the newly create enterprise is remotely successful. Sent from my BlackBerry 10 smartphone. From: Sent: Sunday, April 12, 2015 7:21 PM To: Jeffrey E. Subject: Re: EFTA00707556 PS for reference sake, if we had given you 10% of the promote on c-iii at inception, it would be worth approximately $65mm today. And note finally that this money would be coming out of my end. Sent from my BlackBerry 10 smartphone. From: Farkas, Andrew L. Sent: Sunday, April 12, 2015 6:50 PM To: Jeffrey E. Subject: Re: So you need to tell me how to proceed with this, if at all. We are speaking with ADIA, Qatar, and a host of private equity firms. I would very much like to work with you but I'm not sure how address your request. Sent from my BlackBerry 10 smartphone. From: Farkas, Andrew L. Sent: Sunday, April 12, 2015 6:34 PM To: Jeffrey E. Subject: Re: Flying from la. Had no in-flight wifi. $100mm is going to be virtually impossible to do. We can pay 3% plus a participation in the promote of the new entity of 10% (i.e. 10% of whatever the promote ultimately is). The highest price we have ever paid for equity is 2%. No promote or anything else. Even goldman, Lazard etc only get 1.5% and in some cases that's over time. I'd get strung up by the bill ackmans, harvard university's, TIAA/CREFS and och zoffs of the world for paying $100mm. I've been thinking about it and made a bunch of calls. If that's inadequate I don't know what else to do. The above is already over 50% higher than anything previously paid. Sent from my BlackBerry 10 smartphone. From: Jeffrey E. Sent: Sunday, April 12, 2015 5:50 PM To: Farkas, Andrew L. Subject: 99 please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00707557 This message, and any attachments hereto, is confidential and intended exclusively for the use of the individual or entity to whom it is addressed. This communication may contain information that is confidential, proprietary, privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from disclosure (either by contract or under applicable law). If you are not the intended recipient, you are hereby notified that printing, retaining, reproducing, copying, disclosing, disseminating or using this message or any information contained herein (including any reliance thereon) is strictly prohibited. If you have received this message in error, please contact the sender immediately and destroy the message (including any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothing contained in this e-mail shall be considered a legally binding agreement, amendment or modification of any agreement with Island Capital Group LLC or any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital Group LLC or such affiliate. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This message, and any attachments hereto, is confidential and intended exclusively for the use of the individual or entity to whom it is addressed. This communication may contain information that is confidential, proprietary, privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from disclosure (either by contract or under applicable law). If you are not the intended recipient, you are hereby notified that printing, retaining, reproducing, copying, disclosing, disseminating or using this message or any information contained herein (including any reliance thereon) is strictly prohibited. If you have received this message in error, please contact the sender immediately and destroy the message (including any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothing contained in this e-mail shall be considered a legally binding agreement, amendment or modification of any agreement with Island Capital Group LLC or any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital Group LLC or such affiliate. please note The information contained in this communication is confidential, may be attorney-client privileged, may EFTA00707558 constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This message, and any attachments hereto, is confidential and intended exclusively for the use of the individual or entity to whom it is addressed. This communication may contain information that is confidential, proprietary, privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from disclosure (either by contract or under applicable law). If you are not the intended recipient, you are hereby notified that printing, retaining, reproducing, copying, disclosing, disseminating or using this message or any information contained herein (including any reliance thereon) is strictly prohibited. If you have received this message in error, please contact the sender immediately and destroy the message (including any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothing contained in this e-mail shall be considered a legally binding agreement, amendment or modification of any agreement with Island Capital Group LLC or any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital Group LLC or such affiliate. EFTA00707559