Fwd: from the email jan of 2016

LAST YEAR

transaction complete.!!

in June and then a=ain Sept, we both agreed to a 50% of phaidon payout., then only after weeks, when you delayed any detailed=20 discussion of money wanting to give the issue a thoughtful resp=nse ( which I fully understand ► . you unilaterally changed changed our agreement. . Sm would be reserved for the future ? . and out of=the remaining 15m ,? i would receive only a third. ( note : lim=confident that both the debt , and the artspace investment will also lead to a write off of another 30 m. plus=C2 ) In my dining room ,you were surprised when I said that i require most=20 people to pay their advisory fee up front so that I am assured =hat I will be properly compensated for my work when strategies are implemented . you may recall that you appeared offended a=d said " are you suggesting that i would go back on my word " I said no = of course not ! you are my closest of friends ,but my experience is that=C2 when amounts get large, people tend to get unhappy when it actually comes time for them to pay

I included in this letter the email i sent to you on April 15, t=e day i was examining your returns It laid out my understanding of the compensation for a=20 transaction of the magnitude to the penny of the one just completed. =20 though the number was great it was clear. When it appeared that the=20 details could now be worked out I was the first to say , it is too mu=h money, however.

From day zero I proposed to di=count to 50 - 60 million the fair price of the transacti=n just completed . including Phaidon. . though this amount was already substantially les= than our agreed and negotiated formula. - I was never told that this =AO was out of range. in fact, alternative methods of payment . plane, =r an -in-kind payment were discussed ( ie including keeping the 30m portion of fee outstanding till Marc= ) ,I provided as you specifically requested a detailed step b= step execution plan and reviewed all documents that i was given access to.=( Ph=idon was not forthcoming ) in order to make my m=ny corrections . I was then told that Alans involvement warranted a discount . Even in the best of l=ght , though it is beyond question that not one time in the three ye=rs of his retainer has he ever proposed a unique idea. (includin= any wayt to deal with the use issue on debras death ,or eve= the most basic review of your largest asset by far , the BRH agreement. ) O.K. - lets say he made a contribution to the pla= and stretch reality beyond the pale and say it was 50 %. though no =ne could posit such a large amount unless they were wearing a brightly=20 colored clown suit. , the payment associated with the deal was =flown . It had both sent in writing and spoken about on the phone nume=ous times , a detailed execution plan was provided . then an= only then after all was laid out for the group I was told that after a number o= conversations with brad karp that a total of only 20m would be paid , (and even that was more tha= originally contemplated ) for both transactions . Leon I feel 1= was remarkably unfair. I wondered whether brad even knew of o=r prior agreement.? I called him and he said he was never told.?, I wou=d ask that you I and Brad karp sit together if you think it would be helpful. . I would like to sen= him this email, with your consent of course. If the transactio=s were never consummated , i would not be owed a dime, however , the expect=d fee was known up front. , the detailed step by step plan was f=llowed and overseen by me, the amount that I had requested befo=e the transaction was even begun, and had already been heavily discou=ted, out of friendship, from our agreement . I believe the decision re onl= paying 20 m has frankly , left me felling quite une=sy.

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as I said fool me once,=C2 shame on you, by taking something from your close friend and only th=n after its been executed deciding to pay only wha= you want.( karp never knew of the deal ). I never would hav= participated in the transaction in any form had i known how little =ou would pay. never, so not to h=ve the shame on me . - I made it clear that with=ut an upfront agreement and payment I would not work again having my=friend do it once -is enough , however , I did eventually de=ide to set aside my hard principles so as not to have my point made =n bold by you getting yourself in trouble . what should=have been a three hour excercise turned into 5 months and many hours= I know for with high probability that saved you from disaster , =AO - you say , but you said you would do "IT &quo=; for free . if you dont see,the value i u=derstand, however you will admit that even when you do. there is another j=stification. you say the formula was never in play ,how=ver since the beginning . it was discussed , emailed n=merous times and calculated , you said you=didnt want to pay the 40m per year, so that when you saw value you w=uld of course pay, by the negotiated formula , Query when did=that agreement disappear in your mind./ only AFTER you execut=d the transaction , had you said jeffrey i have no intention =f paying you for the transaction what you think is fair, i cou=d have said no. ( ala rowen- athene) : for the 8865 =C2 ,I also would have said no ,and this was clearly not a problem=of my making, only fair. you think the number is large. =AO you have 3 Billion dollars out of your estate that you didnt have=when i started and structured for battle. Im aware that if =AO a problem arises you will see unfortunately what large numb=rs, and aggro in this area look like. . --07 returns! =C2 books , doing your gift and tax returns you now say are aftercare. ?=? eileen tom in 07- aftr care. ?? same concept , =had you said i" expect" , aftercare that i wil= define anyway i choose I would have said NO NO n= lets not do this a defintion of aftercare that is open =o your whim is not something that i would have or will ever agree to. , =AO I have always maintained that i am responsible for my work, will =efend it, and see it through and have never retreated from tha=.

BTW lye confirmed A has her receipt. =AO. I delayed my trip to the great consternation of a =lient , in order to deal with Arda, only because it was=very important TO YOU. PLEASE - ask yourself , if =ou would have , now ,or anytime in the past- done the same for me. !=C2 i guess its a shame on me.