From: David Mitchell Sent: Friday, February 24, 2012 5:49 PM To: Jeffrey E stein' Subject: FW 2-24-12 Attachments: 2-24-12.pdf Dear Jeffery, Please find 4 pages that brief=y describes the below First page is the current plan=o:p> Second page is the cost and pr=jection for finishing out the units and selling them Third page is the Waterfall (y=u have $250,000 in the Class A investment and 30% of AdvanceStar,) Fourth page is the Org Chart f=r more clarity Tried to give you a snapshot b=t not leave anything out that is relevant Please call me if you should h=ve questions, David, DAVID MITCHELL Mitchell Holdings LLC 815 FIFTH AVENUE New York NY 10065 USA 1 EFTA_R1_02052568 EFTA02696894

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