<table><tr><th>From: </th><th>Jeffrey Epstein &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent: </td><td>Friday, August 5, 2011 11:39 AM</td></tr><tr><td>To: </td><td></td></tr><tr><td>Subject: </td><td>Re: Thanks</td></tr></table>

i would like to do a similar soho house type deal , take the penthouse inst=ad of profit but only if convenient.

On =ri, Aug 5, 2011 at 1:28 PM, David Mitchell <████████████████████████████>

Yes,I am sending you a stacking plan ,in a few hours

Right now=the project is designed with a large duplex penthouse ,but we might separ=te them into two units

They are "loft" style

I am still negotiating to buy out the promote and hope to have that done to=ay

Sent via BlackBerry from T-Mobile
David Mitchell

MITCHE=L HOLDINGS LLC
815 Fifth Avenue
New York NY 10065
███████████ <tel:███████████> ██████████ <tel:███████████> fax
██████████ <tel:███████████> cell
████████████████████████ <mailto:█████████████████████████>

From: Jeffrey Epstein <jeevacation@gmail.com <mailto:jeevacation@gm=il.com> >
Date: Fri, 5 Aug 2011 11:11:00 +0000
To: █████████████████████████████████████████████> >
Subject: Re: Thanks=/div>

what type of apts.. is there a penthouse?

On Thu, Aug 4, 2011 at 5:03 PM, David Mitchell <=pan dir="ltr"> <████████████████████████████
<mailto███████████████████████> > wrote:

For calling me back, As I outlined there is 950,000 in investor unit on 21 e 26th street

We closed our deal in February and since then have received Landmark approv=l to extend the building one more floor

We have also completed the demolition and have removed all the asbestos

The 950,000 is part of the placement that I did with friends and family of =,000,000

The deal is that after the mortgage debt is paid 100 percent goes to return=of capital ,once that happens 75 percent goes to the investment group

No fees are paid until return of capital

There- after the development group receives the residual

A quick snapshot is
Mortgage 15.625
Debt 338,000
Equity 7,800,000

Square feet to sell 33,000

We plan to offer a white box unit at 1300 a foot And one finished unit at 1600 a foot

(Comps are higher)

I believe there is a sellout of over 36-38 million

I also believe it will happen with in 12 months

I think this is attractive because most of the risk of approvals and asbest=s removal is behind

No guarantees but should be good

Sent via BlackBerry from T-Mobile
David Mitchell

MITCHELL HOLDINGS LLC
815 Fifth Avenue
New York NY 10065
████████████████████████ fax
████████████████████████ cell
████████████████████████████████████████

********

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for

the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

********

The information contained in this c=mmunication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the a=dressee. It is the property of Jeffrey Epstein

Unauthorized use, di=closure or copying of this communication or any part thereof is strictl= prohibited and may be unlawful. If you have received this communication in error, p=ease notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, =nd destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved