To: Greg Wyle From: jeffrey E. Sent Mon 5/12/2014 3:53:22 PM Subject: Re: term sheet can't be on fixed values. On Mon, May 12, 2014 at 11:24 AM, Greg Wyler wrote: Put / call is them acquiring remaining 15%. It is a startup inside the company. They want to keep me in it and I think it needs to be independent, like nest or Motorola but slightly more so. On May 12, 2014 3:25 AM, "jeffrey E." <jeevacation@gmail.com> wrote: not clear. , who has the puts and calls. ? I belive this approach has little chance of success. IT doesnt fit into a corp structure, IT doensnt allow for your death, it appears as a start up , and instead of 2 'union you want 2 billion. it needs governance. structures, financail controls. you putting this in writing is a negative. . it can be used in a future lawsuit. . The fact that they already put a bid in writing at such a low value, is a problem. your proposal is you want control, their money, little interfernce, attendance at their meetings billions of dollars infuturc value and what you arc giving them is a promise . not realistic in my opinion. . but stranger things have happended. . lets see where they come back , and then I will help you hire the right negotiatior. On Sun, May I I, 2014 at 9:46 PM, Greg Wyler wrote: > This is what I am planning to send back for further discussion. 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 EFTA_R1_00371621 EFTA01925693 return e-mail or by e-mail to ice\ acation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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 YEE 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 jes% acation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00371622 EFTA01925694