entation accordingly. Family Office 4. Value the financial assets to be contributed by the Trust and the preferred coupon rate retained by Leon. Empire Valuation 5. Draft and execute contribution and assignment agreements whereby Leon contributes art to the preferred partnership and the Trust contributes fi

t at the rate of one-month LIBOR + 2.50% per annum, to be paid in cash each year on the anniversary date of the Note. Determination of Sale Price Empire Valuation to determine enterprise value of PLLC following the above transactions. EFTA00792727 Funding Arrangements JMWT LLC commits as of the Closing Dat

Apr 28, 2016 at 5:16 PM Subject: Valuation Discount To: "jeffrey E." <[email protected]> Forwarded messTe I am attaching a draft response from Empire Valuation as to why it arrived at a valuation discount on the low end. Let's discuss the response and next steps. Thanks. Alan Alan S. Halperin I Partner Pa

u, Apr 28, 2016 at 5:16 PM Subject: Valuation Discount To: "jeffrey E." <[email protected]> EFTA00838064 I am attaching a draft response from Empire Valuation as to why it arrived at a valuation discount on the low end. Let's discuss the response and next steps. Thanks. Alan Alan S. Halperin I Partner Pa

an S Date: Thu, Apr 28, 2016 at 5:16 PM Subject: Valuation Discount To: "jeffrey E." <[email protected]> I am attaching a draft response from Empire Valuation as to why it arrived at a valuation discount on the low end. Let's discuss the response and next steps. Thanks. Alan Date: Tue, May 10, 2016 at 12:

a.e From: Halperin, Alan S Date: Thu, Apr 28, 2016 at 5:16 PM Subject: Valuation Discount To: "jeffrey E." I am attaching a draft response from Empire Valuation as to why it arrived at a valuation discount on the low end. Let's discuss the response and next steps. Thanks. Alan Alan S. Halperin I Partner Pa

ue of the art contributed by Leon is $1.5 billion, while the financial assets contributed by the trust have a value of $2 billion. An appraiser, say Empire Valuation, would give us written advice as to the proper amount of the annual coupon so that the preferred has a value equal to its face amount. For purposes

will be fair market value, to be defined to match the willing purchaser/willing seller test under the gift and estate tax regs, to be determined by Empire Valuation. That way, we can have the substitution in place before the valuation is done. We will consider whether it is possible to protect against changes in

PM=br>Subject: Valuation Discount To: "Jeffrey E." <[email protected] <mailto:[email protected]» =br> I am attaching a draft response from Empire Valuation=as to why it arrived at a valuation discount on the low end. Lett.99s discuss the response and next steps. Thanks. Alan Alan 5= Halperin I Partner=

ii! Date: Thu, Apr 28, 2016 at 5:16 PM Subject: Valuation Discount To: "jeffrey E." <[email protected]> I am attaching a draft response from Empire Valuation as to why it arrived at a valuation discount on the low end. Let’s discuss the response and next steps. Thanks. Alan Date: Tue, May 10, 2016 at 12:3

§ Date: Thu, Apr 28, 2016 at 5:16 PM Subject: Valuation Discount To: "jeffrey E." <[email protected]> I am attaching a draft response frong Empire Valuation as to why it arrived at a valuation discount on the low end. Let’s discuss the response and next steps. Thanks. Alan Date: Tue, Feb 24, 2015 at 8:2

an S Date: Thu, Apr 28, 2016 at 5:16 PM Subject: Valuation Discount To: "jeffrey E." <[email protected]> I am attaching a draft response from Empire Valuation as to why it arrived at a valuation discount on the low end. Let’s discuss the response and next steps. Thanks. Alan Date: Tue, May 10, 2016 at 12:3

------ Date: Thu, Apr 28, 2016 at 5:16 PM Subject: Valuation Discount To: "jeffrey E." <[email protected]> I am attaching a draft response from Empire Valuation as to why it arrived at a valuation discount on the low end. Let’s discuss the response and next steps. Thanks. Alan Peas EPI Er Subject: To: Melan