From: Stephen Hanson Sent: Tuesday, February 24, 2015 3:24 PM To: jeffrey E. Subject: Re: Fwd: Hotel. What's the plan. Keep and run it or net lease. Net lease could be ok. Coupon - as long no reps are made as to the DOB status -- to run it. Could get stuck and a great cost to bring it up to code GH. Could be a home run. Could be a daily capital call Sent from my iPad On Feb 24, 2015, at 9:03 AM, jeffrey E. <jeevacation@gmaitcom <mailto:[email protected]» wrote: Forwarded message From: David Mitchell Date: Tuesday, Februarli. Subject: To: "Jeffrey E." <[email protected] <mailto:[email protected]» Hotel, went hard on Friday hope to close in next 45 days Raising 12 mil I have around 6 from 1031 investors love to have you in it It will payout 6 percent in sheltered income I am thinking investors get 100 percent back until all the capital has been returned plus 8 percent interest per year Thereafter a 50/50 split Gracious should close in the middle of March Raising 4.5 mil Of which a minimum of 1 mil will come from myself and Dottie (most likely it will be 1.5) Would like to split profits after the capital has been returned plus a 10 percent per annum return I have presentations on both but I am not sure you will look at them cantor meeting is now march 4th David Mitchell MITCHELL HOLDINGS LLC EFTA_R1_01406650 EFTA02386532