EFTA02444049.pdf

To: JEFFREY EPSTEIN[[email protected]] From: TOMMY MOTTOLA Sent: Thur 10/22/2009 5:27:46 PM Subject: Fwd: O.N.E. Board offer TM offer.PDF Jeffrcy..as per our discussion Begin forwarded message: From: Date: October 22, 2009 10:01:29 AM EDT To: TOMMY MOTTOLA Subject: FW: O.N.E. From: Farello, Micha Sent: Thursday, 0 o r , : To: TM Subject: O.N.E. Board offer Tommy, Everyone on the O.N.E Board is aligned on nominating you as the independent director. We have structured the proposal as a two year term and the compensation aligned with that term (allows for faster vesting than would otherwise be possible consistent with the company plan) and then can revisit a second two year term at the appropriate time. The incentive units would be granted at the current valuation of $26.67 million. In addition, while I have not included it in the letter, we would be open to you investing along side Catterton in the second tranche schedule for April. That tranche will be at a $40 million valuation. The third tranche scheduled for later in 2010 (the final part of PBG and Catterton's current commitment) will be at an $80 million valuation. While you should feel no obligation to invest along side of us, we believe the second tranche is a highly attractive participating preferred security. Accordingly, you get you return of principle followed by participation in the equity ownership. In addition, it has an 8% accruing dividend. I am on the road but will be back tomorrow afternoon. Once you have had a chance to review, let me know and we can set up a time to discuss details. Michael Farello Partner I Catterton Partners www.c e uit .co EFTA_R1_01520006 EFTA02444049