<table><tr><th>From:</th><th>Richard Kahn</th></tr><tr><td>Sent:</td><td>Monday, February 5, 2018 1:34 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Re: Park Mansion - Investor Letter - 1.31.18.pdf</td></tr></table>

yes agree - also overpriced by 10-15%

Richard Kahn
HBRK Associates Inc.
575 =exington Avenue 4th Floor
New York, NY 10022
tel ██████████
fax ██████████
cell ██████████

On Feb 5, 2018, at 7:37 AM, jeffrey E. <jeevacation@gmail.com> wrote:

he missed the market due to hotel and other =ssues . bad
---------- Forwarded message ----------
From: David Mitchell
Date: Mon, =eb 5, 2018 at 7:36 AM
Subject: Fwd: Park Mansion - =nvestor Letter - 1.31.18.pdf
To:

Sorry for the =uplication,however this attachment might open easier

..............................
DAVID =ITCHELL
..............................
Mitchell Holdings LLC
745 Fifth =venue

please note

The information contained in this =ommunication is confidential, may be attorney-client =rivileged, may constitute inside information, and is =ntended only for the use of the addressee. It is the =roperty of

JEE

Unauthorized use, disclosure =r copying of this communication or any part thereof is =trictly prohibited and may be unlawful. If you have =eceived this communication in error, please notify us =mmediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this =ommunication and all copies thereof, including all =ttachments. copyright -all rights reserved

<Park =ansion - Investor Letter - =.31.18.pdf>