Subject: Re: Hudson West III LLC - Revised Assignment of Membership Interests
From: "Mervyn Yan" <[email-masked]>
To: "Mesires, George R." <[email-masked]>
Cc: <[email-masked]>, <[email-masked]>, "Smith, Kelley L." <[email-masked]>
Date: Thu, 22 Mar 2018 10:28:42 -0400

Mr. Mesires,

Per our conversation with Jim and Hunter in the last two days, the
framework of this assignments was agreed as follow,

1) Hudson West V LLC membership interest is to be assigned to Coldharbour
Capital LLC, a New York State Limited Liability Company, which is owned and
controlled by me, as an independent entity. Going forward Coldharbour and
Owasco shall be operating as members of Hudson West III for normal business
activities.

2) Owasco is to be reimbursed any business expenses up to $50k a month, in
addition to the regular monthly draw.

3) Coldharbour is to be reimbursed any business expenses up to $15k a
month, in addition to the regular monthly monthly draw.

4) Hudson West III is to reimburse Hudson West V prepaid office spaces
one-time expense of $259,845 to sever the association.

I'd suggest that we update the assignment agreement and amend the LLC
Agreement, please find the word version attached. I am available for a call.

Thanks,
Mervyn Yan
917-402-0017

On Mon, Mar 19, 2018 at 11:47 PM, Mesires, George R. <
[email-masked]> wrote:

> Mervyn:
>
>
>
> Please see the attached letter and revised Assignment and Assumption
> Agreement. I understand this is the last information you need to effectuate
> the transfer of units. If my understanding is incorrect, please let me know
> what additional information you need to bring this matter to a prompt
> conclusion.
>
>
>
> Thank you.
>
>
>
> George
>
>
>
> George R. Mesires
> *Partner*
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