EFTA02616415.pdf

From: Stephen Hanson Sent: Friday, November 9, 2018 12:22 AM To: Jeffrey / E / Epstein Subject: Fwd: Life Hotel FYI Sent from my iPad Begin forwarded=message: From:</=> David Mitchell Date: November 8, 2018 at 3:00:13 PM EST To: Stephen Hanson Cc: "Maryann N. Veytsnr <Gmill= >, Stacy Gilbert <mailto• > HOWIE/SUE MUCHNI=K <mailto: Subject: Re: Life Hote= We are not in default Priceline money is being added to the reserve DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA On Nov 8, 2018, at 2:27 PM, Stephen Hanson wrote: 1 EFTA_R1_01816963 EFTA02616415  But what is the balance of the reserve fund now? Your waterfalls from October should have had extra money to fund t=e reserve fund Are you saying that the reserve fund has zero money at this time ? Priceline money is a deposit it is not extra reserved money - as they u=e the rooms this will be drawn down Vip —Howie. Can you look at the bank default clause ASAP <=r> Sent from my iPad On Nov 8 2018 at 2:01PM, David Mitchell > wrote: To be clear Agoda ,Priceline agreed to 5375,000 advance purchase to be advanced by N=vember 5 This was done by the local executive After review the head office in Singapore confirmed that by November 26 They will fund up to $199,000 at a time and will continue to fund that a=ount on replenishment The money will be funded to the interest reserve account once it has be=n received DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA On Nov 5, 2018, at 1:02 PM, David Mitchell > wrote: over the weekend payment confirmation was received for funds to the re=erve account, funding date, is November 26 From: David Mitchell Sent: Tuesday, October 16, 2018 1:00 PM To: Shanson900 Cc: Maryann N. Veytsman; Geoffrey Allan Mills; Stacy Gilbert; HOWIE /=SUE MUCHNICK; Mirium / howie muchnick; r> Subject: Re: Life Hotel 2 EFTA_R1_01816964 EFTA02616416 waiting on confirmation, it is planned to have $375,000 in the account by November 5 next waterfall is November 9 DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA On Oct 16, 2018, at 12:54 PM, > wrote: David. It's 6 days later You have sent nothing Partners want this info When are you sending the below complete info Sent from my iPhone On Oct 11, 2018, at 1:05 PM, David Mitchell wrote: will do tomorrow DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 lis On Oct 11, 2018, at 9:26 AM, Stephen Hanson > wrote: 3 EFTA_R1_01816965 EFTA02616417  Please advise the reserve fund balance at DB Sent from my iPad On Oct 11, 2018, at 10:10 AM, David Mitchell wrote: In regards to sale,JLL has sent a teaser to over 600 buyers Over 40 people have signed NDAs They are in the process of receiving this memorandum <https://mitch=llholdingslIc.box.com/s/dr471af3a4z3p4n5ain20lalzmr39b56> &=bsp; In regards to lease,The lease terms are agreed to In the process of getting quotes to finance the lease in order to gener=te proceeds to pay off the debt , should have quotes next week DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA On Oct 10, 2018, at 6:38 PM, Stephen Hanson IMIE M wrote: DAVID last meeting months ago you said the hotel will eithe= shortly be sold or long term lease - what is the status Sent from my iPad On Oct 10, 2018, at 3:57 PM, David Mitchell wrote: additions will be added this week 4 EFTA_R1_01816966 EFTA02616418  DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA On Oct 10, 2018, at 12:43 PM, Maryann N. Veytsman a wrote: <mailto: David and Geoffrey, I have not heard back regarding our numerous attempts=to follow up on the open items. This process has dragged on for a Ion= time. As you can see by the string of emails below and in the attach=d document regarding a more detailed document request schedule (that was also emailed to you on 9/14/18 by Stephen) our r=quests date back to March 2018 with many follow ups from then through Augus= and September. Without this information, I cannot complete the analy=is. As such, I need the supporting documents requested and answers to inquiries. I have asked the partne=s and the firm to be patient, but the consistent delays in responses and th= failure to provide the requested information appears intentional and bring= into question why producing such information is difficult. I ask that you please respond with an expected date o= when this information will be provided. Most of this information sho=ld not be difficult or time consuming to produce (e.g., general ledgers sho=ld be complete and were only partially printed, bank statements are readily available on line and can easily be pr=nted to pdf and produced). I'm copying a summary of the infor=ation we are requesting below for ease of reference. Please respond w=th any questions or comments. =. &=bsp; Any agreements or construction contracts. a.=nbsp; Note: We received contracts with Skyland for the lobby, r=oms/corridors and cellar to 2nd floor. Are there additiona= contracts? =. &=bsp; Copies of all bids requested by Life Hotel One, LLC and s=pporting documents =. &=bsp; Detailed General Ledgers, in electronic format. (As disc=ssed, we will likely request supporting documentation relating to specific a=counts or transactions once we receive and review the information provided.= a.=nbsp; Note: We received detail for months of December 2016 and 2017.=We also received general ledger for Life Hotel One for the period 1/1=2018 - 8/8/2018; however July entries do 5 EFTA_R1_01816967 EFTA02616419 not appear complete. =Please provide a current ledger for the period of 1/1/2018 through 8/31/2018 as well as detailed general ledgers for the c=mplete years of 2016 and 2017. =. &=bsp; A listing of all bank accounts =. &=bsp; Are there bank accounts in the name of Life Hotel Company LLC?=nbsp; If so, please provide. =. &=bsp; Check copies for Bank of America Account x0775, month ending 6=30/2016 =. &=bsp; First Republic Bank Statements (including checks) for 2018 =. &=bsp; Detailed listing of all intercompany transactions, including, b=t not limited to, loans, repayment of loans, interest expense, etc. a.=nbsp; Note: We received general ledger activity for due/to form Life=Hotel for the period 1/1/2018 - 5/1/2018 and general ledger activit= for due to/from life restaurant for April 2018 =. &=bsp; A complete listing of all scheduled payments that are paid for= the Lockbox/Waterfall =0. A list of payment plan items and ACH schedule listing each ite=, amounts and dates and from which account (Bank of America, First Republic=Bank, etc.) they are paid. It appears we received this for operationa= amounts only, but not construction amounts. Also, include whether releases have been received for constr=ction amounts. =1. Interest Reserve Account details and supporting documentation<=p> =2. Confirmation that the Agoda payment was received and the money=was deposited into the interest reserve account =3. Security deposit detail and how security deposits are accounte= for in the books and records. =4. A detailed listing of all prior and current debt/payable= a.=nbsp; Note: We received the operating amounts - the AP Aging from Ge=ffrey. David to provide the non-operating or construction amounts inc=uding a schedule of payments. Thank you, Maryann 529 FIFTH A=ENUE, NEW YORK, NY 10017 6 EFTA_R1_01816968 EFTA02616420  CITRINCOOPERMAN.COM <http://www.citrincooperman.com/> <http://citrincooperman.mobi/grnprint.gi=> From: Maryann N. Veytsman Sent: Wednesday, September 12, 2018 5:54 PM To: 'David Mitchell' <[email protected] <mailto:[email protected]»; 'Geoffrey Allan Mills' &I=;Gmills@gamh=spitality.com <mailto:[email protected]» Cc: 'Stephen Hanson' •M illa Stacy Gilbert .a; 'HOWIE / SUE MUCHNICK' ; 'Mirium / howie muchnicki <mailto: Subject: RE: Life Hotel Hi All, Thank you for the documents you provided David. =Below is a listing of documents open as of 9/6/2018. Please note that=we may have additional requests as we continue our review of the documents.=/p> =. &=bsp; Any agreements or construction contracts. a.=nbsp; Note: We received contracts with Skyland for the lobby, r=oms/corridors and cellar to 2nd floor. Are there additiona= contracts? =. &=bsp; Copies of all bids requested by Life Hotel One, LLC and s=pporting documents =. &=bsp; Detailed General Ledgers, in electronic format. (As disc=ssed, we will likely request supporting documentation relating to specific a=counts or transactions once we receive and review the information provided.= a.=nbsp; Note: We received detail for months of December 2016 and 2017.=We also received general ledger for Life Hotel One for the period 1/1=2018 - 8/8/2018; however July entries do not appear complete. =Please provide a current ledger for the period of 1/1/2018 through 8/31/2018 as well as detailed general ledgers for the c=mplete years of 2016 and 2017. =. &=bsp; A listing of all bank accounts =. &=bsp; Are there bank accounts in the name of Life Hotel Company LLC?=nbsp; If so, please provide. =. &=bsp; Check copies for Bank of America Account x0775, month ending 6=30/2016 7 EFTA_R1_01816969 EFTA02616421  &=bsp; First Republic Bank Statements (including checks) for 2018 =. &=bsp; Detailed listing of all intercompany transactions, including, b=t not limited to, loans, repayment of loans, interest expense, etc. a.=nbsp; Note: We received general ledger activity for due/to form Life=Hotel for the period 1/1/2018 - 5/1/2018 and general ledger activit= for due to/from life restaurant for April 2018 =. &=bsp; A complete listing of all scheduled payments that are paid for= the lockbox/Waterfall =0. A list of payment plan items and ACH schedule listing each ite=, amounts and dates and from which account (Bank of America, First Republic=Bank, etc.) they are paid. It appears we received this for operationa= amounts only, but not construction amounts. Also, include whether releases have been received for constr=ction amounts. =1. Interest Reserve Account details and supporting documentationap> =2. Confirmation that the Agoda payment was received and the money=was deposited into the interest reserve account =3. Security deposit detail and how security deposits are accounte= for in the books and records. =4. A detailed listing of all prior and current debt/payable= a.=nbsp; Note: We received the operating amounts - the AP Aging from Ge=ffrey. David to provide the non-operating or construction amounts inc=uding a schedule of payments. Thank you, Maryann From: Maryann N. Veytsman Sent: Thursday, August 30, 2018 11:38 AM To: 'Geoffrey Allan Mills' alM=M1 <mailtoSIS; 'David Mitchell'= > Cc: 'Stephen Hanson Stacy Gilbert ISHOWIE / SUE MUCHNICK' <mailtoy Subject: RE: Life Hotel 8 EFTA_R1_01816970 EFTA02616422  Hi All, I was just following up=on the below requested items. I understand some of the items would no= be available until after 8/31/18, but wanted to know when we can expect th= other items. If you have any questions, please let us know. Thank you, Maryann From: Maryann N. Veytsman Sent: Thursday, August 23, 2018 7:16 PM To: 'Geoffrey Allan Mills' cagijoilmimIlifl a.; David Mitchell &=t; Cc: Stephen Hanson <mailto: ; Stacy Gilbert <sillml >; HOWIE / SUE MUCHN ICK < • ; Mirium / howie muchnick <1.&nb=p; A list o paymen p an i ems an sc e u e is ing eac i e=, amoun s, a es and from which account (Bank of America, First Republic Ba=k, etc.) they are paid. It appears we received this for operational a=ounts only, but not construction amounts (e.g., Skyland) <mailto:ra <=pan style="">2.&nb=p; Bank statement copies, including checks, for accounts held at =irst Republic Bank from May 2016 through current. If it is easier, you can p=ovide us with online access and we can print the bank statements to PDF. <=pan style="">3.&nb=p; Interest Reserve Account details and supporting documentation.= <=pan style="">4.&nb=p; Detailed General Ledgers for 2016 and 2017. The general l=dgers provided this morning contain details for only December of each year.=(As discussed, we will likely request supporting documentation relating to s=ecific accounts or transactions once we receive and review the information provided.) <=pan style="">5.&nb=p; Detailed General Ledger for 2018. The detailed general ledger p=ovided previously is cut-off at account #906765000 — Real Estate Ta=es. <=pan style="">6.&nb=p; Monthly P&L Detail for 2016 and 2017. (All mon=hs provided for 2018 and year-end provided for 2016 and 2017). <=pan style="">7.&nb=p; Confirmation that the Agoda payment was received and the money=was deposited into the interest reserve account. 9 EFTA_R1_01816971 EFTA02616423  <=pan style="">8.&nb=p; Copy of the Engagement Letter between the Hotel and GAM, inclu=ing signatures. <=pan style="">9.&nb=p; Security deposit detail and how security deposits are accounte= for in the books and records. <=pan style="">10.&n=sp; A detailed listing of all prior and current debt/payables.&nbs=; We received the operating amounts - the AP Aging from Geoffrey. Dav=d to provide the non- operating or construction amounts. <=pan style="">11.&n=sp; A complete listing of all scheduled payments that are paid for= the lockbox/Waterfall. <=pan style="">12.&n=sp; The following items will be provided after August 31st per the=email from David on 8/21/18. a.&nbs=; Operating Agreement of Life Hotel One, LLC including any draft= and/or amendments. b.&nbs=; Management Agreements (including drafts and amendments). c.&nbs=; Any agreements or construction contracts. d.&nbs=; Copies of all bids requested by Life Hotel One, LLC and suppor=ing documentation received and reviewed. e.&nbs=; A listing of all bank accounts. f.&nbs=; Complete federal and state tax returns, including all schedule=. g.&nbs=; All loan agreements, including all refinancing agreements. h.&nbs=; Detailed listing of all Intercompany Transactions, including, b=t not limited to, loans, repayment of loans, interest expense, etc. Please let us know if you have any questions. = Thank you, Maryann <Document Request Schedule - 9-12-18.pdf> 10 EFTA_R1_01816972 EFTA02616424 11 EFTA_R1_01816973 EFTA02616425