From: Heather Gray

From: Heather Gray To: jeffrey E. <[email protected]> CC: Brad Wechsler Subject: RE: (further) revised Picasso agreement Date: Mon, 27 Apr 2015 17:59:36 +0000 Okay, I'm here. Office is cell is From: jeffrey E. [[email protected]] Sent: Monday, April 27, 2015 1:58 PM To: Heather Gray Subject: Re: (further) revised Picasso agreement needs more, speak later or tomroew On Mon, Apr 27, 2015 at 1:29 PM, Heather Gray Jeffrey, > wrote: Based on my discussion with Leon this morning, I have further revised the Agreement of Sale for the Picasso to provide that Gagosian will insure the Picasso from the date the agreement is signed until title passes to Leon at the end of the MoMA exhibition (or, if the work is damaged and Leon doesn't go through with the purchase, until Gagosian refunds to Leon the amounts of the Purchase Price that Leon had previously paid as a deposit). Attached are the revised agreement and a redline showing the changes made. Leon also asked me to have John Silberman, our outside art attorney, review the Agreement, so I will be sending it to him shortly for comments. Best, Heather Heather Gray Elysium Management LLC 445 Park Avenue Suite mot New York, New York 10022 Direct Dial: Fax: Email: please note 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 EFTA00689757 JEE 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 [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00689758