From: Stephen Hanson To: Jeffrey / E / Epstein [email protected]> Subject: Fwd: Re: Date: Sun, 05 Nov 2017 14:39:01 +0000 Attachments: .xlsx; Life_Pro_Forma_081817_Life_Only.xls See below But the master pro forma is based off a July opening and 275nol. then produced the last pro forma for david showing a mid nov opening- produced before construction was shut down again This last pro forma shows opening in oct which would have given us holiday event income so lowering the nol by 100k - it was just a total reduction of the 275k nol pro forma -minus 100k To net a 175K nol We are now into a worse situation then opening in July this is why I have mentioned the need to recognize an added loss for Q1 Sent from my iPad Begin forwarded message: From: Alan Hochhauser Date: November 5, 2017 at 9:05:33 AM EST To: Steve Hanson Subject: Re: Regarding the $175K NOL October / November (really intended to be November through year end). The basis for losses at that level were estimates driven off my most recent full blown pro forma that anticipated a mid- July opening (attached) with NOL of $275K. Assumption was that summer opening would be much softer than these revised projections based on mid-October open where the restaurant should have been able to ramp up much quicker if we had opened at the start of Q4. Also attached is the full blown pit-opening tracking / projection that contains all the details behind what was sent to David October 2 On Nov 5, 2017, at 8:25 AM, Stephen Hanson < > wrote: Can I get back up to this Sent from my iPad On Nov 5, 2017, at 8:00 AM, Alan Hochhauser > wrote: EFTA00962990