Free Answering Brief in Opposition - District Court of Delaware - Delaware

Exhibit F

Case 1:04-cv-01339-SLR Document 132-7 Filed 03/01/2007 Page 2 of 2
Peru Meyers _ _ _
’rom: Shalom Lamm »
Sent: Tuesday, December 24, 2002 10:28 PM _.
l' 0: Arenson Avie; Menashe Frankel; Michael Jesselson; Michel Konig; Isaac Neuberger; Hesky
Ic: Jon Zich
Subject: Wachovia Meeting
Eentleman; ·
[ traveled to Charlotte, North Carolina yesterday to meet with Wachovia Bank. The
subject, of course, was an extension of the loan backed by the Swiss Re bond. y
as you know the Swiss Re meeting went well and they have signed a letter agreement that
;hey will extend the bond, at no fee, until the end of 2004.
xt the Wachovia meeting were Bill Lanius from ALH, and Ken Harris a senior officer on the
zorporate lending side. Ken has been involved with Mulvaney/ALH from the very beginning. ‘
E have a particularly warm relationship with Ken. In addition, there were two senior I
Jeople from the credit side of the bank (the non—Wachovia side). Q
sill and I made a presentation for about 45 minutes, which was followed by a lengthy
iiscussion. We emphasized that the bank had hurt us substantially last year by taking 1
nearly five months to process the extension. It was agreed, that if the bank decides to
extend the loan, that the brain damage of last yearls protracted paperwork would not have
;o be repeated. Still, it is a large and bureaucratic bank, so at best we can hope for
1uch quicker turnaround but it will not be instantaneous. ~
leaving the meeting after an hour and a half, Bill felt very confident that they would i
extend the loan. We both expect that in order to prove they are doing their jobs, they
Jill ask a number of questions and require file-stuffer documents.
ly own feeling is that in the end, they probably will extend the loan but unlike Bill, I i
;hink there is also a real risk that they will find a reason to say no, and see what g
lappens. The First Union Credit women (the most unpleasant of the bunch) took pains to
say that they would never do this deal were it to come up as new business. She was ,
:learly taking a dig at the Wachovia side. _ .
Z think we will hear from them in a fairly definitive way right after the first of the ,
rear.
hegards, I
-Shalom E
Shalom Lamm
lhone: 516-565-0868
fax: 516—565—1819
:ell: 917-282-7375
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