From: Daniel Rabi To: "Jcevacatio TECIMI cieevacancnawginaii.com> Subject: Founding Member Note & Amended Membership Plan Date: Fri, 12 Dec 2014 20:02:45 40000 Attachments: Letter_m_JcItrcy_Epstein.pdf; Settlement_Agreementicfficy_Epstein.pdf Wine-Images: iniage001.png Dear Jeffrey, We have been very busy over the summer and fall working on addressing some critical issues as to the Club's financial challenges. At this time we are reaching out to you to address and finalize these matters. As you will see from the attached letter, we are seeking to conclude the disposibon of your Founding Member Note and certain necessary changes as to your membership in the Club---all of which are designed to allow the Club to continue to operate. We have enclosed for your review a detailed letter explaining the reasons associated with these matters as well as our need to accomplish this in a time sensitive manner. In addition to the letter we are providing you with a Settlement & Release Agreement to permanently dispose of the debt and provide you with the mechanism for tax relief as your tax advisor would recommend. The Settlement and Release Agreement requires your signature. Please note that we are asking you to review the enclosed letter and agreement, and turn this around (with the return of the necessary documents) no later than Dec 31. We are more than happy to facilitate assisting you in this regard. If you have any questions as to anything contained in the letter or the attachment, we encourage you to reach out either to Jennie, Anthony Scaramucci or myself. We greatly appreciate your prompt attention to these important matters. Finally, our most sincere best wishes for a wonderful holiday season and a very healthy, happy New Year. Warm Regards, Daniel CORE: I Daniel Rabia I Chief Financial Officer & General Manager twitter is now lives eep up o a e on eve mg . a co u SORE: uocoming events Conversation Lisa Lampanelli Hosted by Hudson Union Society I December 10, 7:00pm Conversation The Year that Was the Year that Will Be Hosted by PSFK I December 11, 9:30am Conversation Photoorapher Erwin OlafHosted by Aperture Foundation I December 11, 6:30pm Music Otis Brown III Presented by Blue Note Records I December 12, 6:00pm Space is limited. For reservations/info call Recent Press: Inside NYC's Most Elite Club Rehnery29 I May 2014 S Startup ps from Jennie Enterprise CEO & Founder CORE: Forbes I April 2014 Jennie Enterprise's CORE: club: Redefininq the Way We Do BusinessHudsonMOD I April/May 2014 EFTA01002768