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

From: "Jeffrey E." <[email protected]> To: Leon Black Subject: Date: Mon, 24 Jul 2017 13:05:54 +0000 https://wwwirs.govicharities-non-profits/private-foundations/disqualified-persons I assume no one told you that if your children control the clat they cant be part of the private foundation. . who is going to do it? the kids will have no money from this for 15 or 20 years. no control? or little? if the art does not appreciate. THey get NOTHING. !! where is the art kept. . now that it is a private foundation they cant keep it in their houses did anyone provide spread sheet for you on interst rates and needed returns for them to get anyting? art valuation board of irs aside. many more issues but they are all emblematic of theory vs reality. Fire drill , still not done. nor agreeements reviewed with a goal in mind. . your 1. 5 billion dollar note. gets transfered with no tax. . not paying tax is the goal . the CLATS involve monstrously complicated taxes to be paid, over time with the Gov't as your full partner. all silly, structured the way it is, by people with no real life experience with large art oollections used . 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 EFTA01039502