From: jeffrey E. <[email protected]> Sent: Sunday, November 5, 2017 2:42 PM To: Stephen Hanson Subject: Re: Bookl.xlsx accounting 35k? On Sun, Nov 5, 2017 at 9:25 AM, Stephen Hanson wrote: The 12 k listed below is part of the 16,9 per year4P It's 1k per month as a miscellaneous expense - 12 k per yea= Sent from =y iPad Begin forwarded message: From: Alan Hochhauser Date: =ovember 5, 2017 at 9:20:35 AM EST To: Steve Hanson <[email protected]=gt; Subject: Re: Bookl.xlsx To clarify the allocated expense comment, this was a reminder for all tha= we wouldn't be incurring PR expenses until cash flow positive. As suc=, these expenses weren't reflected on the pro forma. On Nov 5, 2017, at 8:40 AM, A=an Hochhauser < wrote: =1span> EFTA_R1_01739933 EFTA02571333

This the full pro forma and remem=er it was massaged because you didn?t want to show allocated expenses fern =he hotel to ?remind anyone? $19K pe= month is 1. $1K for R&D=br> 2. $6,250 for PR with PR company, social media firm and other =isc spend 3. $12K per month for G&A - details below=/span> </=lockquote> General & Administrative 4 Life Model Data Processing 1> 0.84% $40,88= 40 PEO Admin fees, Gift card processing L=censing & Permits 0.07% $3,3=0 Insurance - Business 0.00% 4$k $- 40 Property, Umbrella, GL & Cyber - Landlord expense per lease=/span> Rental / Lease - Equipment 4) 0.06% $3,000 Q Lease machine + pr=nting costs 2 EFTA_R1_01739934 EFTA02571334

=blockquote type="cite">Rental / Lease - Storage . 0.37% $18,000 4> Nee= to find solution to storage needs. Determine document retention policy Legal Q 0.25% $12,000 Accounting 4> =.72% $35,000 4> $2,500 monthly access plus =ax returns <=lockquote type="cite">Consultants * 0.15% $7,500 4> 4> Health & Safety, expeditors, etc Telecomm & Network 0.12% 40$6,059 4e Includes Cable <=blockquote> Other=Expenses 0.35% 4> $16,900 4> Bank fees, dues (NYC & Hospitali=y Alliance), use tax, guest reimbursement, shipping, bad debt 4=lockquote> Total 2.=4% $142,642 4> 4> * Bank 0=M) $900 4> 4> 4>NYC & Co 4) 40=ACI 4> Hospitality Alliance 4>$2,500 =blockquote type="cite") 40 4> 4> Use tax 4> $1,500 4> 4> =wbr> Other 4> $12,000 4> 4> 4> Tota= $16,900 rote: 3 EFTA_R1_01739935 EFTA02571335

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