EFTA02503865.pdf

From: Heather Gray Sent: Monday, May 11, 2015 2:43 PM To: Melanie Spinella Cc: Brad Wechsler; Jeffrey Epstein ([email protected]) Subject: 1st payment on Picasso - question for Leon Hi Melanie, Hope you had a nice weekend. We have a Monday =orning question for Leon below. Thanks, Heather Leon, We need to make the first installment payment of $23=million on the Picasso this Thursday, May 14th. We and le=frey recommend that the first installment payment be made by Narrows Holdi=gs LLC. We suggest drawing 50% of the payment from the Bank =f America loan and 50% from your personal funds (both amounts will be tran=ferred from you to Narrows and then Narrows to Gagosian). Do you agr=e with this? Brad and I are both in the office and happy to discu=s. Best, Heather Heather Gray Elysium Management LLC 445 Park Avenue Suite 1401 1 EFTA_R1_01632903 EFTA02503865 New York, New York 10022 2 EFTA_R1_01632904 EFTA02503866