EMAIL DETAILS

That's higher than I thought they'd offer. But I think they are
feeling good because most all of the 4 schools were put in by everyone
they requested them to. I think Paul is also thinking these are more
stable clients than his L&G ones.

In essence, they'd pay $10K a month to L&G instead of $15K a month to
us. But again, L&G has to agree to loan them the money.

Eric D. Schwerin
eschwerin@rosemontseneca.com

Sent from my iPhone

On Mar 26, 2010, at 8:13 PM, "hbiden@rosemontseneca.com" <hbiden@rosemontseneca.com
> wrote:

> What's total payout over course of deal we struck? I think you are
> right but would like to know how much of a discount we are giving
> them.
> ------Original Message------
> From: Eric Schwerin
> To: Hunter Biden
> Subject: EnGage
> Sent: Mar 26, 2010 6:44 PM
>
> Paul asked me today if we'd accept $200K up front with a $50K bonus
> after 2 years if they keep the clients. He says he thinks he can
> convince L&G to loan them the $200K which they'd pay back at $10K a
> month over 20 months. Not sure they can but I'd take that and run. I
> told him we shouldn't put off the first payment though while they are
> trying to figure this out.
>
> Eric D. Schwerin
> eschwerin@rosemontseneca.com
>
> Sent from my iPhone
>
>
> Sent on the Sprint® Now Network from my BlackBerry®