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---------- Forwarded message ---------
From: Mervyn Yan <mervyn.yan@gmail.com>
Date: Wed, Mar 28, 2018 at 13:22
Subject: Re: Hudson West III
To: Mesires, George R. <George.Mesires@faegrebd.com>


George,

Please see the detail in pdf. The first two items are security deposit as
current asset, not expenses.

The stick point is how to disassociate with cefc in office expenses. They
have insisted to be paid $259k to take over the rent payment.

HWV dropped the request to be reimbursed $15k business expenses on item 3.

Coldharbour monthly draw I have discussed with Hunter already. That’s
solely for me.

Thanks,
Mervyn


On Wed, Mar 28, 2018 at 13:05 Mervyn Yan <mervyn.yan@gmail.com> wrote:

> I will run down the numbers shortly.
>
> My recollection was that
>
> 1) half of the initial one year security deposit of rent to landlord SL
> Green about $125k, booked as current asset
>
> 2) 3 credit card issued to Jim, Sara and Hunter, $30k credit limit per
> month, about $90k in cash collateral with the issuer, booked as current
> asset
>
> 3) half of the rent each month, because first two months is free rent,
> therefore I think HW3 only pay 4 or 5 months to date, HW3 pays little over
> $10k a month, total $40-50k, as expenses.
>
> 4) my draw via cefc about $10k a month, plus Jackie Bao a s HW3 employee
> draws about $6.6k a month, as expenses.
>
> So total payable to CEFC net is more or less around $100k as expenses.
>
> Payments to Coldharbour were my travel expenses and some charges I paid on
> behalf of Hunter and Jim, related to HW3 business. Ms. Bao also was
> reimbursed few grands on behalf of Hunter’s hotel expenses.
>
> Thanks,
> Mervyn
>
>
>
> On Wed, Mar 28, 2018 at 09:49 Mesires, George R. <
> George.Mesires@faegrebd.com> wrote:
>
>> Mervyn:
>>
>> Hunter forwarded me the bank statements for Hudson West III for review.
>> It appears that there were approximately $381,000 in payments made to CEFC
>> Infrastructure Investment US. Were these rent payments (I.e., payments made
>> to CEFC, which CEFC then remitted to the landlord for rent)?
>>
>> Thank you.
>>
>> George
>>
>> George R. Mesires
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