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any claim made relating to the authenticity or ownership of the Property and (v) the costs and expenses for packing and shipping the Property from Christie's (London) to the Permitted Location of the first Member entitled to the possession of the Property under this Agreement. To the extent that a Member
penses for packing and shipping the Property from Christie's (London) to the Permitted Location of the firs
. WITNESSETH: WHEREAS, the Members have formed the Company as a New York limited liability company pursuant to the Limited Liability Company Law of the State of New York, as amended (the "dips"); WHEREAS, the expressed primary purpose of the Company is to purchase and hold the property listed on Exhibit A (the "Pro
& Acquisitions from UCLA. CLOCKWORK CAPITAL FUND HIGHLY CONFIDENTIAL 18 EFTA00683178 BIOGRAPHIES GLOCKWORK capital fund MICHAEL CHRIST Mr. Christ is a Senior Managing Director of Guggenheim Partners. He currently serves as CIO for Asset Consulting Group, a Guggenheim subsidiary, and previously
so a Chartered Financial Analyst, a Certified Public Accountant, and a Chartered Alternative Investments Analyst, and is licensed to practice law in the State of New York. CLOCKWORK CAPITAL FUND HIGHLY CONFIDENTIAL 20 EFTA00683180 BIOGRAPHIES GLOCKWORK capital fund TOBY MOSKOVITS Ms. Moskovits has spent over 1
y, as determined by valuation report produced by Christie's Auction House (the "Final Appraisal"). NOW THE
ns and warranties to the Seller, the Company and the Corporation: a. The Purchaser is a duly created and validly existing trust under the laws of the State of New York and the APO1 Trustees have all requisite power, authority and legal right to execute, deliver, enter into, consummate and perform this Agreement on
e Partnership's art holdings to be determined by Christie's Appraisals, Inc. (the "Appraisal") and the fai
arranties to the Seller and to the Partnership: 2 EFTA00585463 a. The Purchaser is a duly created and validly existing trust under the laws of the State of New York and the Trustee has all requisite power, authority and legal right to execute, deliver, enter into, consummate and perform this Agreement on behalf
Entities connected to both Chris Christie and the State of New York

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the Internal Revenue Service
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Paul Morris
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