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 <1E27D321-3F6E-4489-ABAF-11FF4F5038C3@transocean.com>
From: Jeremy Manne <jeremymanne@gmail.com>
Date: Sat, 21 Apr 2018 09:24:35 -0700
Message-ID: <CAN9G9vKGFTr06mCyx_XtL8-04znozj2fW6dSuF1zM3GDQsUZmA@mail.gmail.com>
Subject: Re: Update
To: Charley <charley@transocean.com>
Cc: David Goren <dgoren@microsemi.com>, Liora Manne <liora@lioramanne.com>
Content-Type: multipart/alternative; boundary="001a114733ac95dc06056a5e3d41"
 
 Content preview:  Hey Charley, I'll get back to you on what type of corporation,
    i believe LLC but will confirm with Asher. Yeah let me know about the names
    as you have a chance to check in with David and others and we can figure
   that out. [...] 
 
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--001a114733ac95dc06056a5e3d41
Content-Type: text/plain; charset="UTF-8"

Hey Charley,

I'll get back to you on what type of corporation, i believe LLC but will
confirm with Asher.

Yeah let me know about the names as you have a chance to check in with
David and others and we can figure that out.


thanks!

Jeremy


On Sat, Apr 21, 2018 at 9:21 AM, Charley <charley@transocean.com> wrote:

> All sounds good and doable
> I would like to try to contact someone re who should be on the paperwork
> Maybe david has some information or ideas
> Can you let us know what kind of corporation you are planning to set up
> Glad things are moving forward quickly
> Still not spring here
> Looking forward to seeing you next week and defrosting
>
> Sent from my iPhone
>
> On Apr 21, 2018, at 11:49 AM, Jeremy Manne <jeremymanne@gmail.com> wrote:
>
> Hey guys!!!
>
> Just wanted to give you guys an update after meeting with Asher again
> yesterday.  Things are moving forward and starting to really come together!
>
> While i've already had some meetings and started working on it, we'll be
> officially starting to build the website as of next week which is very
> exciting.
>
> Asher is going to work on getting the legal paperwork together to
> establish the business, get bank account set up, etc
>
> *Time Frame*:  We are hoping to have 50% of the funds by June 1st and
> then the remaining 50% by August 1st.  This may end up moving back slightly
> to the 15th of the month.  The goal is to rent a home in August and open in
> November/December.  It'll be almost impossible to rent a house in Malibu in
> July because it's the crazy busy season there, so goal is to rent in August
> or potentially even September if we can find anything.
>
> Let me know if June 1st would work for you both or if you would want to
> have a bit more time?
>
> The other nice thing that came up yesterday was if we really can't find a
> suitable place and need to push back opening to January, Asher said he can
> definitely hire me at Transcends (his other business) so i can earn some
> money while not depleting funds we've raised for this venture.  Just nice
> to know there's a backup and also that we dont need to rush into anything
> and while i'm in a good spot financially to not have an income right now, i
> dont want to totally deplete my savings!
>
> *Profit Distribution*:  When there is profit to be distributed it will
> work in the following way.  50% of any profit would go back to investors
> and the other 50% would get distributed amongst ownership.  So if we had
> 100k profit to distribute, 50k would be split between you guys and Asher
> (25k to asher, 25k back to you guys) as per your investment and the other
> 50k would get distributed amongst ownership with you guys getting 10% of
> that as well.   This would stay in place until you have all received your
> initial investment back and then it will just get distributed per
> everyone's share.
>
> Initially Asher and I will each own 45% of the business and you guys will
> own a combined 10%.  Dustin, assuming he comes along, will have the ability
> to earn up to 10% of the business but will most likely get vested over the
> next few years.  This would obviously come out of Asher and my share.
>
> *What I need from you guys:*
> 1.  obviously want to confirm that everyone is comfortable and wanting to
> do this!
> 2.  assuming the answer to that is 'Yes', Asher needs to know the name of
> who the investor(s) will be for the legal paperwork.  I'm not sure how you
> guys wanted to structure that but if you can try and get back to me over
> the next 48-72 hours would be great.
>
>
> David - i was planning to come and see you guys tomorrow in Santa Monica
> so we can always talk over things in person.
>
>
> With things at Paradigm finally moving into background it's all really
> starting to settle in and I couldn't be more excited!!!!!  I'm beyond
> grateful that you guys are wanting to help with this!!!
>
>
> I'm around today if anyone has questions or wants to discuss in detail.
>
>
> LOVE!
>
> Jeremy
>
>
> --
> --
> Jeremy Manne
> 917.662.7192
>
>


-- 
--
Jeremy Manne
917.662.7192

--001a114733ac95dc06056a5e3d41
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable

<div dir=3D"ltr">Hey Charley,=C2=A0<div><br></div><div>I&#39;ll get back to=
 you on what type of corporation, i believe LLC but will confirm with Asher=
.=C2=A0</div><div><br></div><div>Yeah let me know about the names as you ha=
ve a chance to check in with David and others and we can figure that out.=
=C2=A0</div><div><br></div><div><br></div><div>thanks!</div><div><br></div>=
<div>Jeremy</div><div><br></div><div><br></div></div><div class=3D"gmail_ex=
tra"><br><div class=3D"gmail_quote">On Sat, Apr 21, 2018 at 9:21 AM, Charle=
y <span dir=3D"ltr">&lt;<a href=3D"mailto:charley@transocean.com" target=3D=
"_blank">charley@transocean.com</a>&gt;</span> wrote:<br><blockquote class=
=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padd=
ing-left:1ex"><div dir=3D"auto">All sounds good and doable=C2=A0<div>I woul=
d like to try to contact someone re who should be on the paperwork=C2=A0</d=
iv><div>Maybe david has some information or ideas=C2=A0</div><div>Can you l=
et us know what kind of corporation you are planning to set up=C2=A0</div><=
div>Glad things are moving forward quickly=C2=A0</div><div>Still not spring=
 here=C2=A0</div><div>Looking forward to seeing you next week and defrostin=
g=C2=A0<br><br><div id=3D"m_-4311859802150486335AppleMailSignature">Sent fr=
om my iPhone</div><div><div class=3D"h5"><div><br>On Apr 21, 2018, at 11:49=
 AM, Jeremy Manne &lt;<a href=3D"mailto:jeremymanne@gmail.com" target=3D"_b=
lank">jeremymanne@gmail.com</a>&gt; wrote:<br><br></div><blockquote type=3D=
"cite"><div><div dir=3D"ltr">Hey guys!!!=C2=A0<div><br></div><div>Just want=
ed to give you guys an update after meeting with Asher again yesterday.=C2=
=A0 Things are moving forward and starting to really come together!</div><d=
iv><br></div><div>While i&#39;ve already had some meetings and started work=
ing on it, we&#39;ll be officially starting to build the website as of next=
 week which is very exciting.=C2=A0</div><div><br></div><div>Asher is going=
 to work on getting the legal paperwork together to establish the business,=
 get bank account set up, etc</div><div><u><br></u></div><div><u>Time Frame=
</u>:=C2=A0 We are hoping to have 50% of the funds by June 1st and then the=
 remaining 50% by August 1st.=C2=A0 This may end up moving back slightly to=
 the 15th of the month.=C2=A0 The goal is to rent a home in August and open=
 in November/December.=C2=A0 It&#39;ll be almost impossible to rent a house=
 in Malibu in July because it&#39;s the crazy busy season there, so goal is=
 to rent in August or potentially even September if we can find anything.=
=C2=A0</div><div><br></div><div>Let me know if June 1st would work for you =
both or if you would want to have a bit more time?</div><div><br></div><div=
>The other nice thing that came up yesterday was if we really can&#39;t fin=
d a suitable place and need to push back opening to January, Asher said he =
can definitely hire me at Transcends (his other business) so i can earn som=
e money while not depleting funds we&#39;ve raised for this venture.=C2=A0 =
Just nice to know there&#39;s a backup and also that we dont need to rush i=
nto anything and while i&#39;m in a good spot financially to not have an in=
come right now, i dont want to totally deplete my savings!</div><div><br></=
div><div><u>Profit Distribution</u>:=C2=A0 When there is profit to be distr=
ibuted it will work in the following way.=C2=A0 50% of any profit would go =
back to investors and the other 50% would get distributed amongst ownership=
.=C2=A0 So if we had 100k profit to distribute, 50k would be split between =
you guys and Asher (25k to asher, 25k back to you guys) as per your investm=
ent and the other 50k would get distributed amongst ownership with you guys=
 getting 10% of that as well.=C2=A0 =C2=A0This would stay in place until yo=
u have all received your initial investment back and then it will just get =
distributed per everyone&#39;s share.=C2=A0</div><div><br></div><div>Initia=
lly Asher and I will each own 45% of the business and you guys will own a c=
ombined 10%.=C2=A0 Dustin, assuming he comes along, will have the ability t=
o earn up to 10% of the business but will most likely get vested over the n=
ext few years.=C2=A0 This would obviously come out of Asher and my share.=
=C2=A0</div><div><br></div><div><u>What I need from you guys:</u></div><div=
>1.=C2=A0 obviously want to confirm that everyone is comfortable and wantin=
g to do this!=C2=A0</div><div>2.=C2=A0 assuming the answer to that is &#39;=
Yes&#39;, Asher needs to know the name of who the investor(s) will be for t=
he legal paperwork.=C2=A0 I&#39;m not sure how you guys wanted to structure=
 that but if you can try and get back to me over the next 48-72 hours would=
 be great.=C2=A0=C2=A0</div><div><br></div><div><br></div><div>David - i wa=
s planning to come and see you guys tomorrow in Santa Monica so we can alwa=
ys talk over things in person.=C2=A0</div><div><br></div><div><br></div><di=
v>With things at Paradigm finally moving into background it&#39;s all reall=
y starting to settle in and I couldn&#39;t be more excited!!!!!=C2=A0 I&#39=
;m beyond grateful that you guys are wanting to help with this!!!</div><div=
><div><br></div><div><br></div><div>I&#39;m around today if anyone has ques=
tions or wants to discuss in detail.=C2=A0</div><div><br></div><div><br></d=
iv><div>LOVE!</div><div><br></div><div>Jeremy</div><div><br></div><div><br>=
</div>-- <br><div class=3D"m_-4311859802150486335gmail_signature" data-smar=
tmail=3D"gmail_signature">--<div>Jeremy Manne</div><div>917.662.7192</div><=
/div>
</div></div>
</div></blockquote></div></div></div></div></blockquote></div><br><br clear=
=3D"all"><div><br></div>-- <br><div class=3D"gmail_signature" data-smartmai=
l=3D"gmail_signature">--<div>Jeremy Manne</div><div>917.662.7192</div></div=
>
</div>

--001a114733ac95dc06056a5e3d41--