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R. Leonard, C.S.R., Inc. Certified Shorthand Reporters 818.995.2449 SHEET 25 PAGE 97 PAGE 99 1 QUESTION? 1 HE USED THAT YOU SHOULD EXPECT TERM SHEETS REGARDING THE 09:45:13 2 0 DD YOU RECALL THE FIRST TIME YOU EVER SET EYES 2 PROPERTY? 3 ON MR. DALESANDRO? 09:45:13 3 A GENERALLY, YES. 09:45:13 4 A I DO NOT. 09:45:13 4 Q DID HE SAY ANYTHING ELSE? 09:45:13 5 Q DO YOU RECALL EVER HAVING A DISCUSSION WITH 09:45:13 5 A WITHDUT YOU GIVING 14E SOMETHING TO CONJURE OP A 6 MR. DALESANDRO ABOUT WORKING TOGETHER? 6 MEMORY, I DON'T KNOW ANYTHING AT THIS TIME. 09:45:13 7 A EVER? YES. 09:45:13 7 Q DID YOU DISCUSS HOW MR, DALESANDRO WOULD GET 09:45:13 8 Q WHEN IS THE FIRST TIME THAT YOU RECALL? 8 PAID? 09:15:13 9 A IT WOULD BE SUMMER OF 2010, DISCUSSING MY 09:15:13 9 A YES. 10 PROJECT, ROYAL CANYON. 09:45:13 10 Q WHAT DID YOU DISCUSS ABOUT THAT? 09:15:13 11 Q WHERE DID THE CONVERSATION TAKE PLACE? 09:45:13 11 A HE WOULD PROVIDE A FEE AGREEMENT AND I BELIEVE 09:45:13 12 A I DON'T RECALL IF IT WAS ON THE PHONE OR IN 12 WE NEGOTIATED IT AND I SIGNED THE FEE AGREEMENT. 13 PERSON. 09:45:13 13 Q WHEN YOU SAY YOU -- DID YOU NEGOTIATE THE FEE 09:15:13 14 Q WAS ANYONE ELSE PRESENT OR ON THE PHONE? 14 AGREEMENT IN THAT FIRST CONVERSATION? 09:45:13 15 A I DON'T RECALL, 09:45:13 15 A I DOUBT IT. 09:45:13 16 Q DID YOU CALL MR. DALESANDRO OR DID HE CALL YOU? 09:45:13 16 Q DURING THAT FIRST CONVERSATION, WHAT D1D YOU 09:45:13 17 A I DON'T RECALL. 17 DISCUSS ABOUT THE FEE AGREEMENT? 09:45:13 18 Q DO YOU RECALL WHAT 'WAS DISCUSSED ABOUT THE 09:45:13 18 A 1 DIDN'T KNOW WE WERE AT THE FIRST 19 ROYAL CANYON PROJECT? 19 CONVERSATION. 09:45:13 20 A I -- GENERALLY SPEARING, YES. I REQUIRED A 00:45:13 20 Q WAS THERE A CONVERSATION PRIOR TD DISCUSSING 21 CERTAIN AMOUNT OF CAPITAL TO PURCHASE THE LAND AND 21 THE ROYAL CANYON PROJECT THAT YOU RECALL? 22 CERTAIN AMOUNT OF CAPITAL TO PURSUE ENTITLEMENTS AND HE 09:45:13 22 A COUNSEL, YOU HAD ASKED ME IS THERE ANYTHING YOU 23 REPRESENTED TO ME THAT HE HAD VARIOUS SOURCES THAT WOULD 23 RECOLLECT AND YOU DIDN'T TALK ABOUT JUST THE FIRST 24 BE INTERESTED IN THAT TYPE OF VENTURE, 24 CONVERSATION, SO -- 09:45:13 25 Q YOU SAY HE REPRESENTED TO YOU HE HAD SOURCES. 09:45:13 25 Q WHAT'S THE FIRST CONVERSATION THAT YOU RECALL 97 99 PAGE 98 PAGE 100 1 WHAT DID HE SPECIFICALLY SAY? 1 WITH MR. DALESANDRO? 5:13 2 A HE PROVIDED ME WITH A LIST OF POTENTIAL 09:45:13 2 A APOLOGIZE FOR HIM TALKING OVER ME. 3 COMPANIES THAT WOULD GO OUT -- HE WOULD GO OUT TO AND 09:45:13 3 I DON'T RECALL A SPECIFIC CONVERSATION. [09:45:13 4 MAKE INTRODUCTIONS TO AND MAKE A DETERMINATION IF THE 09:45:13 4 0 WHAT'S THE TOPIC IN THE EARLIEST CONVERSATION 5 DEAL MADE SENSE FOR THEIR COMPANY. 5 YOU CAN RECALL HAVING HAD WITH MR. DALESANDRO ABOUT 5:13 6 Q NOW, DID HE ACTUALLY SHOW YOU A LIST? 6 ANYTHING? 7 A I SAW A LIST. I DON'T REMEMBER EXACTLY WHAT 09:45:13 7 A THE TOPIC WOULD HAVE BEEN ROYAL CANYON. 8 POINT IN TIME I SAN THE LIST BUT AT ONE POINT, YES. 09:45:13 8 Q AND IS THAT THE CONVERSATION THAT YOU'VE BEEN 09:15:13 9 Q AND WHAT DID YOU -- YOU SAID YOU NEEDED -- DID 9 TESTIFYING ABOUT THAT WAS EITHER ON THE PHONE OR IN 10 YOU ALREADY HAVE THE ROYAL CANYON PROJECT? DID YOU 10 PERSON WHERE YOU TOLD HIM YOU HAD CERTAIN NEEDS .AND HE 11 ALREADY OWN IT? 11 SAID THAT THERE WAS A LIST OF POTENTIAL COMPANIES HE 09:45:13 12 A NO AND NO. 12 WOULD CONTACT? 09:45:13 13 Q SO YOU WERE -- YOU SAID YOU WERE DISCUSSING THE 09:45:13 13 MR. BISNO: OBJECTION. MR. OGULNICK HAS TESTIFIED 14 ROYAL CANYON PROJECT. WHERE IS ROYAL CANYON? 14 ABOUT VARIOUS CONVERSATIONS AND SO YOUR QUESTION IS 09:15:13 15 A IT'S AT THE POINT WHERE COLDWATER MEETS 15 VAGUE AND AMBIGUOUS. 16 ROYALTON DRIVE AND EXTENDS NORTH TOWARDS MULHOLLAND, 09:45:13 16 THE WITNESS: I THOUGHT UP UNTIL THIS POINT YOU 09:45:13 11 0 OTHER THAN TELLING YOU THAT HE HAD A LIST OF 17 WERE REFERRING TO THE FIRST INTERACTIONS AND THAT WOULD 18 POTENTIAL COMPANIES TO CONTACT, DID MR. DALESANDRO TELL 18 BE ROYAL CANYON, 19 YOU ANYTHING ELSE? 09:45:13 19 Q BY MR. RUBINER: I NOTICED WHILE YOU WERE 09:45:13 20 MR. BTSNO: OBJECTION. VAGUE AS TO TIME. 20 ANSWERING THAT QUESTION YOU STOPPED AND LOOKED AT YOUR 09:45:13 21 THE WITNESS: HE TOLD ME THAT HE LIKED THE DEAL, 21 PHONE. WAS THERE SOMETHING 01 YOUR PHONE THAT YOU WERE 22 THE DEAL WAS EASILY CAPITALIZED AND SOME SORT OF 22 READING? 23 INSTITUTIONAL EQUITY WOULD GOBBLE THIS UP AND I SHOULD 09:45:13 23 MR. BIDED: OBJECTION TO THE EXTENT THAT IT CA7,LS 24 EXPECT TERM SHEETS REGARDING THE PROPERTY, 24 FOR YOU TO REVEAL ATTORNEY -CLIENT COMMUNICATION, 01:45:13 25 Q BY MR. RUBINER: HE SAID -- WAS THAT THE WORDS 25 OBJECTION TO THE EXTENT IT CALLS FOR YOU TO REVEAL 981 100 Dalesandro vs. Ogulnick Deposition of Ryan Andrew Ogulnick, Vol. 1 August 13, 2012