Sure. It would be Ben next week. He is out... I will try to coordinate. From: David Mitchell [mailto Sent: Friday, Octobe„6, 201 To: Ihrig, Jeffre Subject: Re: - Purchase of Air Rights for Additional PH Space Would you mind if I spoke to the General Counsel DAVID MITCHELL Mitchell Holdings LLC New York NY 10151 USA On Oct 26, 2018, at 11:28 AM, Ihrig, Jeffrey > wrote: See below. I will have to discuss next week as today is no good. Sorry From: Holley, William Sent: Friday, October 26, 2018 11:04 AM To: Ihrig, Jeffrey; Awilda Vicens; Spohn, Ben Cc: Patross, Whitne ; Janet Roman Subject: R Purchase of Air Rights for Additional PH Space 2 EFTA_R1_01799792 EFTA02607760

Jeff Your point of contact in Legal for residential loan is Ben Spohn. Whitney is not involved in this space, so no need coping her further. I have some thoughts on your issue, as I shared previously with you, that I need to fill Ben in on. Essentially, the risk to the Bank is taking the air space as collateral without advancing any new money. This is known in legal parlance as a fraudulent conveyance, and the risk is that it could invalidate the Bank's current liens. Is there anyway the coop can split the shares for the air rights separately and keep the transactions apart? This would remove the risk to our current lien. Ben is out today, but I will circle with him on Monday. Give me a call if you wish to discuss further today. Thanks. William A. Holley III Vice President, Office of General Counsel First Republic Bank Direct: Email: New York, NY 10020 From: Ihrig, Jeffrey Sent: Friday, October 26, 2018 8:55 AM To: Awilda Vicens Cc: Patross, Whitne ; Janet Roman; Holley, William Subject: RE - Purchase of Air Rights for Additional PH Space I am very sorry. I haven't dealt with this before, so I am not sure where to turn. I am copying Whitney and William, whom may be able to point us in the right direction on this Air Rights purchase. From: Awilda Vicens [mailto Sent: Thursday, October 25, 2018 4:37 PM To: Ihrig, Jeffrey 3 EFTA_R1_01799793 EFTA02607761

Cc: Patross, Whitney; Janet Roman Subject: RE Purchase of Air Rights for Additional PH Space Dear Jeffrey/Patricia, To date I have not heard from anyone concerning the above. Please advise as soon as possible so we may begin the process of closing the above matter. Thank you. Awilda Vicens Co-Director Closing Department Brown Harris Stevens Residential Management, LLC New York, NY 10065 Tel Fax http://www.bhsmanagement.com/ <https://urIdefense.proofpoint.com/v2/url?u=http- 3A_www.bhsmanagement.com_&d=DwMFAg&c=wmXzi2agfy7gEs3kYxhhNIK5YqQ_XRgfPhjt- qqffT8&r=dNbH2HSn7PEbReQDqx27rLraQiK5P9s61LA_qZtKIHo&m=IUiY- vu0FQOxF8lEbKzLcsPxPAmhhedkrjsKnznTWKU&s=YOR1TxvkOubQV01GeVZLVKC6UMnuZrwUKVqusJ7EGnU&e=> E-mail From: Awilda Vicens Sent: Monday, October 22, 2018 4:10 PM To: 'Ihrig, Jeffrey' Cc: Subject: RIE - Purchase of Air Rights for Additional PH Space Dear Jeffrey, Please advise who I should be speaking to concerning the matter above. 4 EFTA_R1_01799794 EFTA02607762

Thank you. Awilda Vicens Co-Director Closing Department Brown Harris Stevens Residential Management, LLC New York, NY 10O65 Tel Fa http://www.bhsmanagement.com/ <https://urldefense.proofpoint.com/v2/url?u=http- 3A_www.bhsmanagement.com_&d=DwMFAg&c=wmXzi2agfy7gEs3kYxhhNIK5YqQ_XRgfPhjt- qqffT8&r=dNbH2HSn7PEbReQDqx27rLraQiK5P9s61LA_qZtKIHo&m=lUiY- vu0FQOxF8lEbKzLcsPxPAmhhedkrjsKnznTWKU&sz.•YORTTxvkOubQV01GeVZLVKC6UMnuZrwUKVqusJ7EGnU&e.=> E-mail From: Ihrig, Jeffrey [mailto:[email protected]] Sent: Wednesday, October 17, 2018 10:45 AM To: Awilda Vicens Subject: RE - Purchase of Air Rights for Additional PH Space This makes perfect sense. Thanks. Let me see whom I can get to work on this. From: Awilda Vicens [mailtc Sent: Wednesday, October 17, 2018 9:44 AM To: Ihrig, Jeffrey; David Mitchell Cc: Janet Roman Subject: RE - Purchase of Air Rights for Additional PH Space Please be advised that Mr. David Mitchell purchased Air Rights for his additional PH space. The current stock certificate and proprietary lease have been pledged and we will need to include the additional shares purchased (355 shares) with the current shares to the PH apartment. We will need to cancel out the current collateral and issue a new stock certificate and proprietary lease with the new shares totaling 2, 190. 5 EFTA_R1_01799795 EFTA02607763

Please advise how we can proceed. If you rather discuss over the phone, you can reach me at the number below. Thank you. Awilda Vicens Co-Director Closing Department Brown Harris Stevens Residential Management, LLC New York, NY 10065 Tel Fax http://www.bhsmanagement.com/ <https://urldefense.proofpoint.com/v2/url?u=https- 3A_na01.safelinks.protection.outlook.com_-3Furl-3Dhttps-253A-252F-252Eurldefense.proofpoint.com-252Fv2-252Furl- 253Fu-2530http-2D3A-5F-5Fwww.bhsmanagement.com-5F-2526d-253D0wMFAg-2526c- 253DwmXzi2agfy7gEs3kYxhhNIKSYqQ-SFXRgfPhjt-2DqqffT8-2526r-253DdNbH2HSn7PEbReQDqx27rLraQiKSP9s61LA- SFqZtKIHo-2526m-253DaxwabtBLoNrQ08Tlx9FMEtImDNHPkOXvg9KAgl1O2Fo-2526s-253DdYGIwo7A2- 2DzD2PvVvx6XPoQkWVthDS5Y0mp8TPkquLM-2526e-253D-26data-3D02-257C01-257Cavicens-2540bhsusa.com- 257C2f8ecle901cc46eb016308d634312236-257C0c0a77cb433f468a9b4607c9d2562420-257C0-257C0- 257C636753843105525263-26sdata-3DzMGrlUX7zRCiOh9GCbPy6ZZQH4yhL-252BYLCD-252Bpr14-252Ftng-253D- 26reserved-3D0&d=DwMFAg&c=wmXzi2agfy7gEs3kYxhhNIK5YqQ_XRgfPhjt- qqffT8&r=dNbH2HSn7PEbReQDqx27rLraQiK5P9s61LA_qZtKIHo&m=IUiY- vu0FQOxF8IEbKzLcsPxPAmhhedkrjsKnznTWKU&s=6SEleeJl2fqHlet6FW2KiR3mX8aLeQAeXuZlxRDuXlI&e=> E-mail From: lhrig, Jeffrey Imailto:[email protected]] Sent: Wednesday, October 17, 2018 9:35 AM To: Awilda Vicens; David Mitchell Cc: Janet Roman Subject: RE:-- Purchase of Air Rights for Additional PH Space Awilda, I am the bank officer. However, I have never been approached with this before. What exactly do you need from us? 6 EFTA_R1_01799796 EFTA02607764