From: David Mitchell

From: David Mitchell To: Jeffrey Epstein <jeevacation@gmail.com> Subject: Fwd: Final Tenn sheet - Life Hotel loan increase Date: Wed, 17 Jan 2018 16:26:10 +0000 Attachments: Life Hotel - CREDS_Pref Increase_Term_Sheet_17.1.18_FINAL.pdf; ATT00001.htm DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA Begin forwarded message: From: Susanna Rock <I Date: January 17, 2018 at 11:06:48 AM EST To: David Mitchell Cc: Henry Cabot Lodge , "Danow, Matthew" < Subject: Final Term sheet - Life Hotel loan increase David Please find attached final term sheet. To address a couple of your/Mates comments: • It is correct that the extension fee is 2% of the Total Investment amount of 5.5m at each extension regardless the then principal balance — have made this clear now • The admin fee was now added to cover potential administrative costs as we will likely have to use a servicer for each US loan and do regular accounting for the Delaware LLC (which we may be able to do in house but don't know yet). I would reassure you that we will not charge upfront but will invoice your company for it IF we incur such cost. • Minimum Equity Contribution: we confirm this at $175k. You will note we require this to be funded along with a $5k deposit to Eric Sadkin upon signing of this term sheet. We would like to make sure the $175k are used to fund operating shortfalls between now and when we close so we feel the best way to have strict control over it is to transfer it to DB shortfall accounts but I am not sure this would allow you to actually use the funds to pay A/P before the next IPD? Please confirm what the expected mechanics would be and we can firm up this point. We will also need DB's confirmation that they are in agreement with this term sheet beforehand. Is there something you can get from them in writing (email confirmation would suffice?). Please let us know when the $5k are sent to Eric so we advise him to keep an eye out for it and he will start the work when received. Many thanks, EFTA00906948 Susanna Susanna Rock Crescendo Real Estate Partners Direct: Mobil Email: Please consider the environment before printing this emai. Private. Privieged and Confidential. This message is intended exclusively for the individual(s) or entity to which it is addressed. It may contain information that is proprietary, privileged or confidential or otherwise legally exempt from disclosure. Dissemination, distribution or copying of this E-mail or the information herein by or to anyone other than the intended recipients or their designated agents is prohibited. If you have received this message in error. please contact +44 1481 731 668 or the sender. Crescendo Real Estate Partners Limited is authorized and regulated by the Guernsey Financial Services Commission in Guernsey. Company Registration Number 56786. EFTA00906949