From: "jeffrey E." <[email protected]>

From: "jeffrey E." <[email protected]> To: "Barry J. Cohen" Cc: Leon Black Subject: Date: Sun, 17 Sep 2017 11:28:17 +0000 hope you took fridays admonitions in the spirit in which it was meant. again ask your " guys " for the real results of their silly proposal if debra dies. . re art. ask them to calculate for leon the price, mechanism, sales tax filing. cash flow requirment documentation etc. . instead of merely giving you a theoretical structure. the pros and cons. ? the filings. who is rented from who. who is signing. who is filing the sales tax. what questions does it raise re the past.. this is one example. :) re the clat. you said all the art would be sold in the first six months ? why keep art then ? many alternatives. . you need to see a spread sheet. what returns are they projecting what does it mean for valuations of thing already in the trust. ? with low basis. do the kids prefer stock or art. ? at some tax rate the bene far out way the burdens . by paing a small amount currently and having cash to invest. Leon is the best seller , if the art is to be liquidated. let him do it. BEFORE he dies. who woulld negotiate the sale if not him.? my guess is that he would do better than others. why has not one of the machers. done one before with art. lay out for leon its, handicaps. . trusstee ship. where does the art stay, on the kids walls.? the trustees walls :J/ the kids get no additinal money for 15 years. ? wives. grandchildren. . what filings are annually required. ? do the kids need more. how should the ownership of beneficial interst be distrubuted. should it be on shore or off/ does each kid have a view as to what painting they might like , if any, if none lots of work for 15 years. . what assets would the kids sell to live.? will they be prohibited from competing with the clat in sales.. all questions for leon 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 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 jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01024231