EFTA02397031.pdf

From: Farkas, Andrew L. Sent: Monday, April 13, 2015 12:39 PM To: Jeffrey E. Subject: Re: Sent from my BlackBerry 10 smartphone. From: Jeffrey E. Sent: Monday, April 13, 2015 8:22 AM To: Farkas, Andrew L Subject: Re: im a after 1 On Mon, Apr 13, 2015 at 7:21 AM, Farkas, Andrew = > wrote: How, when and under what circumstances would the $100 mm get paid? Is any p=rtion of it contingent on a suggessful public execution or is it simply an= equity placement fee? I need to know these things in order to discuss the= in detail with the largest shareholders. As I understand it this would approximate a 7.5% equity placement fee.&nbs=; I am going to have no choice but to first pursue the less expensive soverei=ns. If I fail then it will be easier, perhaps, to justify your request. Th= pricing differential is so great, however, that I will have some real pro=lems if we don't do this in a serial manner. That said, in the potential circumstance where we do come back to =ou, 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 =he 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 s=ems easy for a co with a 5 b market cap if it works. If you prefer t= 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 =. wrote: If one applied the same metrics to the proposed trasaction, that $65mm woul= be worth about $125mm if the newly create enterprise is remotely successf=l. Sent from my BlackBerry 10 smartphone. From: EFTA_R1_01429865 EFTA02397031 Sent: Sunday, April 12, 2015 7:21 PM To: jeffrey E. Subject: Re: PS for reference sake, if we had given you 10% of the promote on c-iii a= inception, it would be worth approximately $65mm today. And note finally =hat 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 li=e 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, Laz=rd etc only get 1.5% and in some cases that's over time. I'd get strung up by the bill ackmans, harvard uni=ersity's, TIANCREFS 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 = 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: ?2 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 2 EFTA_R1_01429866 EFTA02397032 communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto: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 excl=sively for the use of the individual or entity to whom it is addressed. Th=s communication may contain information that is confidential, proprietary,=privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from dis=losure (either by contract or under applicable law). If you are not the in=ended recipient, you are hereby notified that printing, retaining, reprodu=ing, copying, disclosing, disseminating or using this message or any information contained herein (including any r=liance thereon) is strictly prohibited. If you have received this message =n error, please contact the sender immediately and destroy the message (in=luding any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothi=g contained in this e-mail shall be considered a legally binding agreement= amendment or modification of any agreement with Island Capital Group lit =r any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital=Group RC 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 TEE 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 <mailto: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 excl=sively for the use of the individual or entity to whom it is addressed. Th=s communication may contain information that is confidential, proprietary,=privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from dis=losure (either by contract or under applicable law). If you are not the in=ended recipient, you are hereby notified that printing, retaining, reprodu=ing, copying, disclosing, disseminating or using this message or any information contained herein (including any r=liance thereon) is strictly prohibited. If you have received this message =n error, 3 EFTA_R1_01429867 EFTA02397033 please contact the sender immediately and destroy the message (in=luding any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothi=g contained in this e-mail shall be considered a legally binding agreement= amendment or modification of any agreement with Island Capital Group LLC =r 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 <mailto: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 excl=sively for the use of the individual or entity to whom it is addressed. Th=s communication may contain information that is confidential, proprietary,=privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from disrlosure (either by contract or under applicable law). If you are not the in=ended recipient, you are hereby notified that printing, retaining, reprodu=ing, copying, disclosing, disseminating or using this message or any information contained herein (including any r=liance thereon) is strictly prohibited. If you have received this message =n error, please contact the sender immediately and destroy the message (in=luding any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothi=g contained in this e-mail shall be considered a legally binding agreement= amendment or modification of any agreement with Island Capital Group LLC =r any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital=Group Lit or such affiliate. 4 EFTA_R1_01429868 EFTA02397034