From: jeffrey E. <[email protected]> Sent: Sunday, November 5, 2017 3:49 PM To: David Mitchell Subject: Re: UPDATE, this should now be easy for us both, =AO. you wil need to provide a detailed budget and=payable list. of who gets paid for what . inventory =AO with back up. profeessional servies with backup. =AO we will cut the checks for the total amount and send to you. =/div> On Sun, Nov=S, 2017 at 10:37 AM, David Mitchell DEAR STEVE: rote: THE MOST IMPORTANT TWO FACTS ARE: 1. WE NEED TO CLOSE OUT CONSTRUCTION AND GET A TCO SO THAT BO=H OF US ARE OFF ANY CONSTUCTION GUARANTEE FOR COMPLETION 2. WE MAKE THE FUNDS AVAILABLE FOR THE RESTAURANT WORK THROUG=, AS THERE IS NO OTHER SOURCE OF FUNDING AND EVERY DOLLAR IS ACCOUNTED FOR=IN DETAIL PLEASE SEE MY RESPONSE IN CAPS On 11/4/17, 11:57 AM, "Stephen Hanson" wrote: David Now that you have received funding for 3.5m =80 NET FUNDING SEE BELOW, Life Hotel, 19 West 31st Street, New York CREDS Loan as Preferred Equity - Closing Statement CREDS Gross Loan Proceeds: $3,500,000.00 less a. CREDS Structuring Fee (2.0%) $-70,000.00 b. Legal Fees - MMPS $-20,000.00 c. Tax Advice - KPMG/Marks Paneth $-6,000.0= d. CREDS out of pocket expenses $-5,000.00 e. Delaware LLC Creation & Admin Expenses (2 years) CREDS Net Loan Proceeds $3,393,000.00 add Good Faith Deposit $15,000.00 CREDS Net Net Loan Proceeds $3,408,000.00 Distribution of Net Net Loan Proceeds Premier Corporate Services $420.00 Premier Corporate Services $330.00 =$-6,000.00 EFTA_R1_01740230 EFTA02571457