To: jeevacation@gmail.com[jeevacation@gmail.com]
From: Giuseppe Cipriani
Sent: Tue 6/29/2010 6:39:46 AM
Subject: Fw: Rafifi acquisition

Title: Fw: Rafifi acquisition

----- Original Message -----
From: livio < 
To: Giuseppe Cipriani
Sent: Mon Jun 28 19:04:37 2010
Subject: Rafiki acquisition

Our understanding:

• New co. to acquire the lease of the club known as "Refill?' located at I5a Hay Hill London WIJ 8NX at the passing rent of Appx £50,000

• The investment appx f800,000 to cover the cost of acquiring the benefit of the remaining 15 years of the lease amounting to £360,000: the finder's fee to the agent £10,000 and the remaining to be used to refurbish the establishment, build the brand and for general working capital

• Once the investment has been repaid {L13} and gig to be entitled to retain 66% shares (LB-33%), (GC-33%) of the newly formed company that will hold the lease and assets of the title.

• A new company will be fom)ed to manage the establishment and will be entitled to £200,000 per year equally divided between Livio aisle= (£100.000) and Giuseppe Cipriani (£100.000)

## L

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