From: Richard Kahn To: "jeffrey E." <jeevacationggmail.com> Subject: Fwd: Termsheet Date: Mon, 05 Jun 2017 20:24:56 +0000 Attachments: Discussion_Points _Oljun I 7.doex Begin forwarded message: From: < Subject: Termsheet Date: June 1, 2017 at 9:10:52 PM EDT To: Richard Kahn Hi Guys Please find attached the term sheet. There are two things of note: , Darren lndyke < • The loan of $1MM is effectively - $820,000 when you consider the annual interest payments. Jeffrey originally said I can borrow the interest. So I put the size of the loan as [($1MM) + ($1MM) x (APR rate at time of loan) x (9)) which equals —$1,180,000. The - $180,000 will get paid back leaving the net amount of $1MM. • In order to ensure that Jeffrey is always paying an advisory fee even when I get new clients in, I would like to propose that Jeffrey gets re-imbursed up to a cap of $400,000 (not the $500,000 as originally discussed). This means I can, at a minimum, point to $100,000 fee income from JE and we don't need to alter fee payments to fit the different calendar years. I am around tomorrow if you would like to follow up. Thanks Paul Paul Barrett EFTA01044461