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-----Original Message-----
From: "Winter, John D. (x2836)" <jwinter@pbwt.com>
Date: Sun, 18 Apr 2010 14:05:08
To: Marc X. LoPresti<mxl@tlcorplaw.com>
Subject: RE: 650 Fifth Avenue

For Settlement Purposes Only

Marc

An Order is being entered by the federal judge overseeing the
litigation involving 650 Fifth and the Alavi Foundation appointing a
special monitor to review and approve, among other things, lease
amendments. The Special Monitor is former Mag. J. Kathleen Roberts. We
have generally advised her of our negotiations with you and based on
these conversations, we are going to need documentation of your client's
financial distress to obtain approval of any lease modification.

Please let us know when you can provide this information which
we will agree to treat as confidential.

John D. Winter
Patterson Belknap Webb & Tyler LLP
1133 Avenue of the Americas
New York, NY 10036
Tel: 212.336.2836
E-mail: jwinter@pbwt.com
www.pbwt.com

-----Original Message-----
From: Marc X. LoPresti [mailto:mxl@tlcorplaw.com]
Sent: Thursday, April 08, 2010 10:17 AM
To: Winter, John D. (x2836)
Subject: FW: 650 Fifth Avenue

See below. John -- I reversed the "b" and the "w" in your email when
sending last night. My apologies. Please let me know that you received
this email.

Marc X. LoPresti, Esq.

Tagliaferro & LoPresti, LLP

New York Office:
45 Broadway, Suite 2200
New York, New York 10006
(212) 732-4029
(212) 232-2398 (fax)

Los Angeles Office:
12400 Wilshire Boulevard, Suite 820
Los Angeles, California 90025
(310) 312-1860
(310) 445-1866

CONFIDENTIALITY NOTICE:

The information contained in this electronic mail message is private and
confidential and may contain Attorney-Client privileged information. It
is
intended only for the use of the individual or entity to whom it is
addressed. The information may be privileged, proprietary and exempt
from
disclosure under applicable federal, state or other law. Any recipient
of
this electronic mail message other than the intended recipient is hereby
notified not to disclose, distribute or copy this electronic mail
message,
or take or refrain from taking any action in response to this message.

-----Original Message-----
From: Marc X. LoPresti [mailto:mxl@tlcorplaw.com]
Sent: Wednesday, April 07, 2010 7:54 PM
To: 'jwinter@pwbt.com'
Subject: 650 Fifth Avenue

John:

My clients have asked me to convey the following offer to you in full
settlement of their obligations under the lease at 650 Fifth Avenue,
17th
Floor:

1) Your client's retention of the lease deposit of $192,000;
2) A "lump sum" payment of $35,000;
3) Assignment of Sublessees currently occupying the premises; and
4) Assignment of fixtures remaining on premises (conference table,
chairs,
furniture, etc.) to enable subtenants to continue in occupancy without
further effort from 650.

This shall not be deemed to be a complete statement of our Client's
position, nor to waive any of our Client's rights and remedies, all of
which
are expressly reserved. Nothing herein may be deemed an admission or
declaration against interest, or used as a prior inconsistent statement
or
for impeachment purposes, in any litigation, legal action or proceeding.

I look forward to resolving this matter swiftly and amicably.

Best regards,

Marc X. LoPresti, Esq.

Tagliaferro & LoPresti, LLP

New York Office:
45 Broadway, Suite 2200
New York, New York 10006
(212) 732-4029
(212) 232-2398 (fax)

Los Angeles Office:
12400 Wilshire Boulevard, Suite 820
Los Angeles, California 90025
(310) 312-1860
(310) 445-1866

CONFIDENTIALITY NOTICE:

The information contained in this electronic mail message is private and
confidential and may contain Attorney-Client privileged information. It
is
intended only for the use of the individual or entity to whom it is
addressed. The information may be privileged, proprietary and exempt
from
disclosure under applicable federal, state or other law. Any recipient
of
this electronic mail message other than the intended recipient is hereby
notified not to disclose, distribute or copy this electronic mail
message,
or take or refrain from taking any action in response to this message.


----------------------------------------------
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----------------------------------------------

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==============================================================================

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