From: "jeffrey E." <[email protected]> To: David Mitchell Subject: Re: David Date: Sat, 04 Nov 2017 16:54:48 +0000 call me On Sat, Nov 4, 2017 at 12:50 PM, David Mitchell < > wrote: DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA Begin forwarded message: From: Stephen Hanson Date: November 4, 2017 at 11:57:08 AM EDT To: David / Life Email / Mitchell Amen ual" Cc: Miriam / howie muchnick < Subject: David , "Randolph. / David Life Laywer 171 HOWIE / SUE MUCHNICK >, Shanson900 David Now that you have received funding for 3.5m - We need to organize how we can complete the hotel and restaurant open items I can come over to your office on Sunday to review the below I have cc Randy and howie so we can all address this first point 1/First - we had always agreed once the project started to be delayed along with AP not being funded a new $800k budget was needed for the restaurant-this budget was based from the day of funding - and with a September opening — which so far neither obviously has happened we both had agreed to personally fund the restaurant with $200k each -this was back before summer when we thought we would open in late August Then in September when you where relaying on Arcade to fund a bridge loan - and we needed funds to complete time and weather sensitive construction items - ie the new roof, sidewalk and other items -which I funded - we both agreed to fund construction with $200k and where to be repaid when Arcade funded - -Arcade walked away from the loan and we where never reimbursed -Then when Crescendo stepped in to advance you the 3.5mm loan -you advised them that $750k was going to the restaurant - this is not correct- why you positioned the proceeds this way is not accurate EFTA00962387