Epstein Secrets

and Octavia drawing [LDB owns 40% of this work. The appraised value shown is for the entire work.] 600.000 1,600.000 1.000,000 1,000.000 0 AP Narrows (Collateral) PICASSO, PABLO Paysage^ 2.500.000 3.500,000 1.000.000 1,000.000 0 Narrows (Collateral) PONTORMO (JACOPO CARUCCI) Study of a

ollateral) PICASSO. PABLO Femme nue (painting) (3YKD2) 11.000.000 30.000.000 19.000,000 19.000.000 0 EFTA00592228 ALL ART - 3/19/17 Owner Narrows (Collateral) Artist TURNER. JOSEPH WILLIAM MALLORD Title Goldau Basis 1,300.000 CHRISTIE'S 5/11/16 appraised value or purchase price +

alue or purchase price + Unrealized sales tax Gain/Loss Unrealized Gain Unrealized Loss 2011 LLC CEZANNE, PAUL Bouteilles, Pots, Rechaud A Alcoa, Pommes - 90% undivided interest (pd sales tax on 45 purchase price because 2011 LLC did no trade-in) 48.993.750 48.993.750 0 0 0 AP Narrows

fore being sold. The Braque is owned by Narrows Holdings LLC (and is collateral on the Bank of America loan), so it would have to be distributed by Narrows to Leon and then contributed by Leon to the 2011 LLC in exchange for membership interests in the LLC. As indicated above, AP Narrows and the LDB 20

et sale price for the Giacometti is $30 million and the purchase price of the Cezanne figure study is also $30 million. The first columns on the AP Narrows spreadsheet show the basis in the Giacometti, the gain that would be deferred in an exchange and the NY sales tax that would be sheltered by operati

C intends to exchange a Mondrian that it owns (Composition with Color Planes and Grey Lines 1) for a Cezanne still life (Bouteilles, Pots, Rechaud a Alcoa, Pommes) that it wants to acquire. The target sale price for the Mondrian is $40 million and the purchase price of the Cezanne still life is $50 mi

get sale price for the Giacometti is $30 million and the purchase price of the Cezanne figure study is also $30 million. The first columns on the AP Narrows spreadsheet show the basis in the Giacometti, the gain that would be deferred in an exchange and the NY sales tax that would be sheltered by operat

efore being sold. The Braque is owned by Narrows Holdings LLC (and is collateral on the Bank of America loan), so it would have to be distributed by Narrows to Leon and then contributed by Leon to the 2011 LLC in exchange for membership interests in the LLC. As indicated above, AP Narrows and the LDB 20

C intends to exchange a Mondrian that it owns (Composition with Color Planes and Grey Lines 1) for a Cezanne still life (Bouteilles, Pots, Rechaud a Alcoa, Pommes) that it wants to acquire. The target sale price for the Mondrian is $40 million and the purchase price of the Cezanne still life is $50 mil

fore being sold. The Braque is owned by Narrows Holdings LLC (and is collateral on the Bank of America loan), so it would have to be distributed by Narrows to Leon and then contributed by Leon to the 2011 LLC in exchange for membership interests in the LLC. As indicated above, AP Narrows and the LDB 20

et sale price for the Giacometti is $30 million and the purchase price of the Cezanne figure study is also $30 million. The first columns on the AP Narrows spreadsheet show the basis in the Giacometti, the gain that would be deferred in an exchange and the NY sales tax that would be sheltered by operati

C intends to exchange a Mondrian that it owns (Composition with Cola• Planes and Grey Lines 1) for a Cezanne still life (Bouteilles, Pots, Rechaud a Alcoa, Pommes) that it wants to acquire. The target sale price for the Mondrian is $40 million and the purchase price of the Cezanne still life is $50 mi

et sale price for the Giacometti is $30 million and the purchase price of the Cezanne figure study is also $30 million. The first columns on the AP Narrows spreadsheet show the basis in the Giacometti, the gain that would be deferred in an exchange and the NY sales tax that would be sheltered by operati

C intends to exchange a Mondrian that it owns (Composition with Color Planes and Grey Lines I) for a Cezanne still life (Bouteilles, Pots, Rechaud a Alcoa, Pommes) that it wants to acquire. The target sale price for the Mondrian is $40 million and the purchase price of the Cezanne still life is $50 mi

80.000 (65.000) 0 (65.000) 2011 LLC & Narrows CEZANNE. PAUL Bouteilles, Pots. Rechaud a Alcoa. Pommes (90% owned by 2011 LLC. 10% owned by Narrows) 11/23/2016 54.000,000 40,000.000 (14,000.000) 0 (14,000.000) AP Narrows CEZANNE. PAUL Portrait de Vallier de Prof if 11/23/2016 30.450,000

s REDON. ODILON Captive Pegasus 12/15/2016 145,000 80.000 (65.000) 0 (65.000) 2011 LLC & Narrows CEZANNE. PAUL Bouteilles, Pots. Rechaud a Alcoa. Pommes (90% owned by 2011 LLC. 10% owned by Narrows) 11/23/2016 54.000,000 40,000.000 (14,000.000) 0 (14,000.000) AP Narrows CEZANNE. PAUL