[via email]
October 23, 2012
Mr. Sharif Tanamli
Managing Director
Lenox Hill Capital Advisors, Inc.
75 Rockefeller Plaza, 17th Floor
New York, NY 10019
Dear Sharif:
Per our telephone conversations and based on the confidential information memorandum dated September 2012, this letter sets forth the non-binding preliminary indication of interest by Succession Leadership Capital, LLC (“SLC”), in acquiring Rayburn Musical Instruments Pennsylvania, LLC (“Zeswitz” or “Company”).
Thank you again for bringing this opportunity to our attention. As a former music student, I thoroughly understand the vibrant role of musical education in the lives of young men and women. Furthermore, as an entrepreneur and investor, I deeply appreciate Zeswitz’s capabilities and strong history of excellent service in the Pennsylvania, New Jersey, and Maryland area.
Together with you, [the Sellers], I look forward to exploring ways to keep Zeswitz in considerate and capable hands. Together, we can determine if SLC is the right buyer to deliver a bright future for Zeswitz and the young musicians and educational communities that depend on its excellent service.
For your consideration, the outline of our proposal is as follows:
Randy M. Shayler II
President and Managing Director
Succession Leadership Capital, LLC
(617) XXX-XXXX
Thank you for your consideration. Upon your review of this letter, I look forward to hearing from you to schedule a conference call to discuss our proposal and our mutual availability for an in-person management meeting.
Sincerely yours,
Randy M. Shayler II
President and Managing Director