<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Tuesday, July 15, 2014 12:08 PM</td></tr><tr><td>To:</td><td>Alan S Halperin; Ada Clapp; Eileen Alexanderson</td></tr></table>

balck family art investment partnership. =C2 narrows 1 gp. leon and trustees „ ltd narrows 2.=apo trust. . borrign barn to partnership. guaranteed by leon personal=y, in exchange for use of trust art. under a use agreement. , =iposition, leon managing ,barry plus 1. vote each month to confirm, = does leon contribute some fractionlized interests? , how to establi=h partnership ownership. lets think about the outsstainding =AO 1.6 billion note. disregarded entity, . outside advisors. q=arterly at a minimum partber meetings,

=C2 please note

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