From: David Mitchell < Sent: Wednesday, January 23, 2019 9:33 PM To: Subject: Hotel 3 month extension from bank agreed yesterday and will consider a second 3 month extension if things are in right direction but need to fund shortfalls Los Angles JV potential partner that I sent you letter on after meeting in California last week sent their COO here and I have been organizing his review ,they told me target is end of February close French buyer can't meet time line Rotem is doing physical due diligence Thursday and Friday Japanese LOI a tomorrow just signed NDA that I won't disclose them or terms DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA <mailto On Jan 23, 2019, at 4:26 PM, J <[email protected] <mailto:[email protected]> wrote: progress hotel I? On Wed, Jan 23, 2019 at 10:04 PM David Mitchell < <mailto > wrote: Dear Partner, Please find the attached investor letter for 320 East 82nd Street. EFTA_R1_01842864 EFTA02627565

If you should have any questions, please do not hesitate to contact me. DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA <mailto please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_01842865 EFTA02627566