Six Peak EOS — 3-Partner Finance

• The meeting reviewed site progress, recurring meeting cadence, outstanding capital calls, entity formation status, tax items, cash-management proposals, and short-term staffing coverage.
• Capital and transactions: MRK underfunded the Francis capital call by approximately $97–100k.
• Reseda has not yet been funded by MRK; the team agreed to fund a deposit required by a tax-credit-triggered obligation and expects the Reseda sale closing to slip into 2027 with a potential extension fee.
• The required deposit amount is unclear within the discussion (variously stated as $250k, $400k, or $500k); Chris Andresen was asked to locate the contract in Dropbox to confirm the exact amount so a capital call and escrow notification can be issued.
• Entity formation and co-investment: The co-investment term sheet is signed by all parties except Rich; Kruger signed recently and Bob will text Rich to obtain his signature so Francis entity formation can proceed.
• The team prefers moving investments out of Six Peak and completing the co-investment agreement to simplify operating cash tracking.
• Tax and accounting: A $300k write-off (Hara) was recorded in the month it was signed rather than backdated to 2025.
• Chris Andresen is completing tax work and committed to delivering the remaining asset schedules to CBEs by the end of the week; Aiello requested an email confirmation of that delivery to enable escalation if needed.
• Operations and staffing: Robert is on leave; Aiello offered to cover treasury responsibilities while Robert is away and noted he will be mostly offline June 20–30.
• Chris Andresen will be on the East Coast mid-July to early August and the team intends to plan an in-person meeting during that window.
• The team agreed to rely on the established monthly finance call for routine financial reviews and delete the duplicate recurring meeting unless ad hoc items arise.

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