engthened by, your continued support. [Signatures appear on the following page] 4 3269651111V.19 EFTA00306051 Sincerely, Jennie Founder The Core Club 55th Street LLC C cial Officer/Chief Operating Officer The Core Club 55th Street LLC Anthony.) ucci Founding Member and Chairman, Membership Committee The Core

engthened by, your continued support. [Signatures appear on the following page] 4 3269651111V.19 EFTA00613689 Sincerely, Jennie Founder The Core Club 55th Street LLC C cial Officer/Chief Operating Officer The Core Club 55th Street LLC Anthony.) ucci Founding Member and Chairman, Membership Committee The Core

Draft of 4/27/15 — Non-Binding - For Discussion Purposes Only CONVERTIBLE NOTE TERM SHEET The Core Club 55th Street LLC This term sheet summarizes the principal terms with respect to the potential joint venture (the "Company") between The Core Club 55th Street LLC, a

50 Carmen 2 Robinson 10/18/2010 283,316 283,316 Daniel Rothschild 9/30/2007 200,000 200,000 Mathias Thorrier 9/30/2007 50,000 50,000 The Core Club 55th Street LLC 9/30/2007 100,000 100,000 Total Notes and Loans Receivable 9/30/2007 5662,266 5662,266 1 Please note the benchmark for the Municipal/Corporate

es and Loans Receivable $662,266 Barbara G. Jensen $28,950 Carmen Z Robinson $283,316 Daniel Rothschild $200,000 Mathias Thomer $50,000 The Core Club 55th Street LLC $100,000 Other Assets $1,028,281 JP Morgan Chase - East Hampton $3,784 Morgan Stanley Checking Account $678,386 T. Rowe 401(K) Retirement Pla

,950 Carmen Z Robinson 10/18/2010 283,316 283,316 Daniel Rothschild 9/30/2007 200,000 200,000 Mathias Monier 9/30/2007 50,000 50,000 The Core Club 55th Street LLC 9/30/2007 100,000 100,000 Total Notes and Loans Receivable 9/30/2007 $662,266 $662,266 1) Please note: The performance returns for investments

s and Loans Receivable $662,266 Barbara G. Jensen 528,950 Carmen 2 Robinson $283,316 Daniel Rothschild $200,000 Mathias Thorner $50,000 The Core Club 55th Street LLC $100,000 Other Assets $3,613,926 JP Morgan Chase - East Hampton $3,784 Morgan Stanley Checking Account $3,264,030 T. Rowe 401(K) Retirement P