From: Heather Gra Sent: Saturday, November 19, 2016 11:22 PM To: Jeffrey E. Subject: RE: Re: Okay. I'll most likely be in the office tomorrow but you can also call me on my cell From: jeffrey E. [mailto:jeevacation@gmail.comj Sent: Saturday, November 19 2016 6:20 PM To: Heather Gray Subject: Re: Re: no commitment to rescind. just another transaction that the buyer pays leon 500k for insruace . talk tomorw i have many guests here. On Sat, Nov 19, 2016 at 7:07 PM, Heather Gra\a<mailto > wrote: Meaning ... AP Narrows (seller of Giacometti) makes the commitment to the buyer to rescind the sale and refund the purchase price, and then AP Narrows buys insurance from Leon to cover the authenticity risk? I'm not sure I'm following you. From: jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com> I Sent: Saturday, November 19 2016 6:02 PM To: Heather Gray <mailto Subject: Re: Re: No it should be same amount different pool On Sat, Nov 19, 2016 at 6:49 PM Heather Gray mails wrote: Sorry, I misunderstood you. Yes, that is what we/Gagosian proposed to the buyer. Do the sale now, pay us in full and then the buyer has to submit the work for authentication. If the Giacometti committee says it's a fake within 6 months of the date of our sale, we refund the buyer's purchase price (without interest) and get the work back (assuming the committee hasn't destroyed it, which they have the right to do under French law). EFTA_R1_00109978 EFTA01786940 From: Jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com> ] Sent: Saturday, November 19 2016 5:45 PM To: Heather Gra mailto Subject: Re: Leon provides On Sat, Nov 19, 2016 at 6:19 PM Heather Gray wrote: This is on the Giacometti? What type of insurance are you talking about? I know there are companies that will provide title insurance for art, but I'm not aware of any that will provide insurance on authenticity. Do you know of any? From: Jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com> ] Sent: Saturday, N • 5 PM To: Heather Gray <mailtc Subject: Re1031 I'd rather see a sale and a purchase of insurance guarantee from Leon if the item is fake 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 <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_00109979 EFTA01786941