EFTA02501972

From: jeffrey E. <jeevacation@gmail.com> Sent: Monday, April 27, 2015 5:58 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 > wrote: Jeffrey, Based on my discussion with Leon this morning, I hav= further revised the Agreement of Sale for the Picasso to provide that Gag=sian will insure the Picasso from the date the agreement is signed until t=tle passes to Leon at the end of the MoMA exhibition (or, if the work is damaged and Leon doesn't g= through with the purchase, until Gagosian refunds to Leon the amounts of =he Purchase Price that Leon had previously paid as a deposit). Attac=ed are the revised agreement and a redline showing the changes made. Leon also asked me to have John Silberman, our outsi=e art attorney, review the Agreement, so I will be sending it to him short=y for comments. Best, Heather Heather Gray Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 EFTA_R1_01629966 EFTA02501972 please =ote The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved 2 EFTA_R1_01629967 EFTA02501973