EFTA00962990.pdf

From: Stephen Hanson To: Jeffrey / E / Epstein [email protected]> Subject: Fwd: Re: Date: Sun, 05 Nov 2017 14:39:01 +0000 Attachments: .xlsx; Life_Pro_Forma_081817_Life_Only.xls See below But the master pro forma is based off a July opening and 275nol. then produced the last pro forma for david showing a mid nov opening- produced before construction was shut down again This last pro forma shows opening in oct which would have given us holiday event income so lowering the nol by 100k - it was just a total reduction of the 275k nol pro forma -minus 100k To net a 175K nol We are now into a worse situation then opening in July this is why I have mentioned the need to recognize an added loss for Q1 Sent from my iPad Begin forwarded message: From: Alan Hochhauser Date: November 5, 2017 at 9:05:33 AM EST To: Steve Hanson Subject: Re: Regarding the $175K NOL October / November (really intended to be November through year end). The basis for losses at that level were estimates driven off my most recent full blown pro forma that anticipated a mid- July opening (attached) with NOL of $275K. Assumption was that summer opening would be much softer than these revised projections based on mid-October open where the restaurant should have been able to ramp up much quicker if we had opened at the start of Q4. Also attached is the full blown pit-opening tracking / projection that contains all the details behind what was sent to David October 2 On Nov 5, 2017, at 8:25 AM, Stephen Hanson < > wrote: Can I get back up to this Sent from my iPad On Nov 5, 2017, at 8:00 AM, Alan Hochhauser > wrote: EFTA00962990 This is what was sent to David for the last update he requested Begin forwarded message: From: Alan Hochhauser Subject: RE: Date: October 2, 2017 at 11:10:21 AM EDT To: David Mitchell See attached Reconciled through September, still waiting on a few invoices, but wont move much. Let me know if you have any questions Alan Hochhauser Chief Financial Officer LIFE RESTAURANT At Life Hotel 19 West 31' St NY NY 10001 a lifehotel.com cimage007.png> <image008.png> Orlifdowicesrk <image009.png> Orlifebxda) <image010.png> Ovhfcreasummny <image011.png> <image012.png> uhsell From: David Mitchell [mailto: Sent: Monday, October 02, 2017 8:48 AM To: Alan Hochhauser < > Subject: Re: EFTA00962991 Ok thank you, DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue, 5th Floor New York NY 10151 USA From: Alan Hochhauser > Date: Monday, October 2, 2017 at 8:46 AM To: David Mitchell Subject: RE: RE: Will try to get it done by then. September wont be fully reconciled (will be close) and the October number wont make sense since we ll be incurring a full monthes worth of expense and saying Mid-October start Alan Hochhauser Chief Financial Officer LIFE RESTAURANT At Life Hotel 19 West 31st St NY NY 10001 lifehotel.com <image013.png> <image014.png> Wifekteletwyork <irnage015.png> odifittas, <image016.png> 4xlifcreasummay <irnage017.png> <image018.png> @sibtogiandluceny EFTA00962992 From: David Mitchell [mailto: Sent: Monday, October 02, 2017 8:28 AM To: Alan Hochhauser < MM> Subject: Re: RE: Thank you, Just push everything out with actual August and September and full blown start mid October If I can get this morning it would be very very helpful Thank you, David DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA On Oct 2, 2017, at 8:25 AM, Alan Hochhauser < wrote: Got your voicemail and your mailbox is full This was based on the end of September open. I can easily just tack on 2 weeks payroll to extend until Mid- October and updated funding to date. August actual was much lower than this projection because of the delays, everything shifts, but no sure it.s worth changing that month if it.s going to confuse the bank & bring up questions. Let me know how you want to proceed • l.m heading to hotel soon to work on Micros install, will take care of this later after we speak. Alan Hochhauser Chief Financial Officer LIFE RESTAURANT At Life Hotel 19 West 3 ['I St NY NY I 000 I lifehotel.com , i iapc4101 pez, , imetke002.pat folifehowIntwyock <unsFe001.pnp lifeluxelny pat, valiftresi.mumny , iniaFt00, pat, --irruFe006.png•-rrysibionsadligeny From: Alan Hochhauser Sent: Sunday, October 01, 2017 8:41PM To: David Mitchell Subject: Re: I'll pull the email I sent Doug in the AM, pretty sure that number was already based on mid October opening. The last column was September until open, not "September open" EFTA00962993  On Oct 1, 2017, at 7:22 PM, David Mitchell < > wrote: Assume that restaurant instead of opening in September that this assumes opens mid oct DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA On Oct 1, 2017, at 5:51 PM, Alan Hochhauser < wrote: Let's talk in AM. What exactly are you looking to show them, it's pretty much plug at this point. Have they been give this version and do you know what opening date this represents? On Oct 1, 2017, at 4:15 PM, David Mitchell <1 > wrote: Hope all is good , Can you move this to opening October 10 need for bank <Life Hotel - Restaurant Funding Needs.pdf> DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA <Book2.xlsx> EFTA00962994