EFTA00689757.txt

"Heather Gray Elysium Management LLC 445 Park Avenue"

"until title passes to Leon at the end of the MoMA exhibition"

"Elysium Management LLC 445 Park Avenue Suite mot New York, New York 10022"

"until Gagosian refunds to Leon the amounts of the Purchase Price that Leon had previously paid as a deposit"

"Gagosian will insure the Picasso from the date the agreement is signed until title passes to Leon"

"Leon also asked me to have John Silberman, our outside art attorney, review the Agreement"