<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, July 20, 2016 9:51 PM</td></tr><tr><td>To:</td><td>Heather Gray</td></tr><tr><td>Subject:</td><td>Re: art lists</td></tr></table>

yes i would like to exhanve any gains in the t=usts for losses in leons side the trust should hav= losses so that leon on death woudl get a step up. and elimiat= the tax otherwise needed to paid by the kids

On Wed, Jul 20, 2016 at 5:47 PM, Hea=her Gray <█████████████████████████████████████> wrote:

Hi Jeffrey,

Brad asked me to re-run the art lists based on his c=nversation with you, so I just wanted to loop back to you to make sure l=E2 m setting the lists up the way the two of you discussed.

I'm planning to run separate lists for each =ntity/person showing all art owned by that entity/person, sorted from larg=st gain to largest loss and breaking out separate gain and loss columns so=that you will have one column for gains (which will also show the aggregate amount of gain) and one column for losses (al=o showing the aggregate amount of losses). Okay with you?<=u>

Best,

Heather

Heather Gray

Elysium Management LLC

445 Park Avenue

Suite 1401

New York, NY 10022

## =AO please note

The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:jeevacation@gmail.com" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved