<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Sunday, November 5, 2017 3:08 PM</td></tr><tr><td>To:</td><td>Stephen Hanson</td></tr><tr><td>Subject:</td><td>Re: Bookl.xlsx</td></tr></table>

ok,

<=iv class=" mail uote">On <u>Sun,</u> Nov 5, 2017 at 10:07 AM, Stephen Hanson <=pan <mailto: > wrote:

Jeffery. Really

There is a fee you r=ally care to who ? But I'll ask on Monday as I'm sure it=E24141s a real expense Sent from my iPad

On Nov 5, 2017, at 9:58 AM, j=ffrey E. <je=vacation@gmail.com <mailto:jeevacation@gmail.com» wrote:

<=iv>
to who

On Sun Nov 5. 2017 at 9:56 AM Stephen Hanson <

wrote:

The 12 k listed below is part of the 16,9 per yearl>=A0 It's 1k per month as a miscellaneous expense - 12 k per yea=

Sent from my iPad

Begin forwarded message:

From: Ala= Hochhauser <a
Date: November 5, 2017 at 9:20:35 AM E=T
To: Steve Hanson
Subject: Re: Boo=

=/span>

To clarify the allocated expense=comment, this was a reminder for all that we wouldn't be incurring PR =xpenses until cash flow positive. As such, these expenses weren't refl=cted on the pro forma.

<=pan>

On Nov 5, 2017, at 8:40 AM, Alan Hochhaus rote=

## </=lockquote>

This the full pro forma and remember it was massaged because you did=?t want to show allocated expenses fern the hotel to ?remind anyone?=br>

$19K per month is

<=blockquote>

1. $1K for R&D

2. $6,250 for PR with=PR company, social media firm and other misc spend =/blockquote> 3. $=2K per month for G&A - details below

=span>

## </=lockquote> (cont.)

General &amp; Administrative Life Model

Data Processing =C20.84% $40,883 =C2 PEO Admin fees, Gift =ard processing

Licensing & Permits =A0 0.07% $3,300

Insurance - Busi=ess 0.00% $- =C2 Property, Umbrella, GL &= Cyber - Landlord expense per lease

Rental / Lease - Eq=ipment 0.06% $3,000 =C2 =A0 Lease machine + printing costs

Rental / L=ase - Storage 0.37% =C2$18,000 =C2 Need to find solution to storage needs. Deter=ine document retention policy

Legal =C2 0.25% $12,000</=pan>

Accounting =A0 0.72% $35,000 =A0 =C2$2,500 monthly access plus tax returns

Consultants= 0.=5% $7,500 =A0 Health & Safety, exp=ditors, etc

=blockquote type="cite">Telecomm & Network =C2 0.12% $6,059 =C2 Includes =able

Other Expenses =A0 0.35% $16,900 =A0 Bank f=es, dues (NYC & Hospitality Alliance), use tax, guest reimbursement, s=ipping, bad debt

Total =C2 2.94% $142,642
</=lockquote>

## </=lockquote> (cont.)

| Entity | Amount |
|---|---:|
| Bank | $900 |
| NYC & Co | (not shown) |
| Hospitality Alliance | $2,500 |
| Use tax | $1,500 |
| Other | $12,000 |
| Total | $16,900 |

<u>On Nov 5, 2017, at 8:16 AM,=Ste hen Hanson</u>

<meta http-equiv="Content-Type"= content="text/html; charset=us-ascii

<Life=Pro Forma_101217_V3.xls>

=C2

please note

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4

## </=lockquote> (cont.)

=C2

please note

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<=iv dir="ltr"> please note

<=iv>The information contained in this communication is

confidential, may be attorney-client privileged, may

constitute inside information, and i= intended only for

the use of the addressee. It is the property of

J=E

Unauthorized use, disclosure or copying of this communication or a=y part thereof is strictly prohibited and may be unlawful. If you have =eceived this communication in error, please notify us immediately by jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication=and all copies thereof, including all attachments. copyright -all right= reserved

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