From: jeffrey E. <[email protected]> Sent: Sunday, November 22, 2015 12:25 PM To: Halperin, Alan S Subject: Re: On Sun, Nov 22, 2015 at 7:00 AM, Halperin, Alan S wrote: Yes, swapping art, whether whole or fractional interest, is permitted. But =t will trigger sales tax. Alan S. Halperin I Partner Paul, Weiss, Rifkind, Wharton & Garrison =LP 1285 Avenue of the Americas New York =C2 NY 10019-6064 <http://www.paulweiss.com> From: jeffrey E. Sent: Sunday, November 22, 2015 4:48 AM To: Halperin, Alan Subject: leon has the right to swap assets . can he swap pain=ing for painting with the apo 1 and himself.? can =e sway 50% of painting x for 50 % of painting y , . sales tax =n either? 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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_01595847 EFTA02479985