<table><tr><th>From:</th><th>David Mitchell</th></tr><tr><td>Sent:</td><td>Tuesday, March 3, 2015 8:49 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>FW: Life Hotel - 3.3.15</td></tr></table>

This is a one page view of the Hotel=after a one year stabilization . I have also included the first year as we=l . Please blow it u= to 200% so you can see it .

I circled some of the numbers we spoke about . I wanted you to have this as=l added $1,000,000 to the transaction value of the project , I had not men=ioned that when we spoke.

DAVID MITCHELL
Mit=hell Holdings LLC
801=MADISON AVENUE
New=York NY 10065
USA=</span>

n=</span> <https://west.exch023.readyexchange.net/owa/redir.aspx?C=crcQ3O=d6EiVFT-RKzc0KoQBTGa0vM8IZjQH5MNIGsZXYWWbSTx_89mgC7nNkCUNfc7msTrUXA0.&=RL=mailto%3adjm%40mitchellholdings.com>