EFTA02469581.pdf

From: jeffrey E. <[email protected]> Sent: Wednesday, February 24, 2016 12:45 PM To: Dangene and Jennie Enterprise Subject: Re: thanks for the email earlier my original idea <=iv class="gmail_quote">On Wed, Feb 24, 2016 at 1:20 PM, Dangene and Jenn=e Enterprise target=> wrote: had a great call with Russ and Nick last night and we all agreed that the b=st path forward is to creat an entirely different structure that would acc=mplish the following - get money to buy rfr out but do it in an entity tha= doesn't touch legacy companies and then create some synthetic equity to connect that entity to NY - same =esult different mechanism ,,,,one idea that we started to explore be=ween the morning call and the evening call that we ran by them is the foll=wing ( just an example of one way to shape it ...our lawyers are out of the country for meetings ove= next few days but we expect to get them something early next week =A6also Russ said that they could move quickly on this because all their ta= issues go away .... =C2 a. Jennie & Nathan establish a NewCo (outside the entire TCC universe) b. =C2 TCCI (through TCC IP) signs an agreement with NewCo to grant it a perpetual exclusive licens= to all the CORE: IP c. =C2 Funds flow into TCC IP or TCCI as necessary/required. d. =C2 TCCI upon receipt of the funds, pays RFR/AES as per the terms of the current agreements bein= drafted between the parties. e. =C2 All NY COD related issues are dealt with as appropriate and not subject to the=new venture (i.e. in the best interest of the company and owner (JE)) LOVE YOU CORE: Jennie Enterprise I I Founder & Chairman I 66 East 55th Street New York NY 10022 I Main: <= href Mobile: =C2 I www.coreaccess.net <http://www.coreaccess.net/> please =ote The information contained in this communication is confiden=ial, may be attorney-client privileged, may EFTA_R1_01580117 EFTA02469581 constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of TEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to [email protected] <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved 2 EFTA_R1_01580118 EFTA02469582