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@elyslIc.com> 2 EFTA_R1_01331044 EFTA02352142 From: Melanie Spinella [mailto <mailto Sent: Wednesday, September 17, 2014 9:56 AM To: 'Moffett, Charles' Cc: Heather Gray Subject: >1 Good morning Charlie — hope you are well. I ju=t spoke to Leon in London and he wants to sell: The two Cornell box
urposes whether Leon or Narrows I =s the seller, but is it good/bad/irrelevant if the art investment entity s=arts out with more losses than gains? The Noguchi, Beckmann and Seve=ini are likely to be losses, as well. Please let me know what you think. Best, Heather Heather Gray Elysium Management LLC 445 Park Av
445 Park Avenue Suite 1401 New York, New York 10022</=> From: Melanie Spinella [mailto Sent: Wednesday, September 17, 2014 9:56 AM To: 'Moffett, Charles' Cc: Heather Gray Subject: > Good morning Charlie — hope you are well. I ju=t spoke to Leon in London and he wants to sell: 2 EFTA_R1_01651394
urposes whether Leon or Narrows I =s the seller, but is it good/bad/irrelevant if the art investment entity s=arts out with more losses than gains? The Noguchi, Beckmann and Seve=ini are likely to be losses, as well. Please let me know what you think. Best, Heather Heather Gray Elysium Management LLC 445 Park Av
LLC 445 Park Avenue Suite 1401 New York, New York 10022</=> From: Melanie Spinella [ Sent: Wednesday, September 17, 2014 9:56 AM To: 'Moffett, Charles' Cc: Heather Gray Subject: Good morning Charlie — hope you are well. I ju=t spoke to Leon in London and he wants to sell: The two Cornell boxes
urposes whether Leon or Narrows I =s the seller, but is it good/bad/irrelevant if the art investment entity s=arts out with more losses than gains? The Noguchi, Beckmann and Seve=ini are likely to be losses, as well. Please let me know what you think. Best, EFTA_R1_01652691 EFTA02517414 Heather Heather Gray El
Entities connected to both Prince Charles and The Noguchi, Beckmann

Jeffrey Epstein
PERSONLeon Black
PERSON
Marc Rich
PERSON
Bedford
LOCATIONHeather deManbey
PERSON
Melanie Spinella
PERSON
Sotheby's
ORGANIZATIONElysium Management LLC
ORGANIZATIONAda Clapp
PERSONHeather Gray
PERSON
Narrows
ORGANIZATIONMoffett
PERSONCornelis
PERSONCharlie —
PERSONBechmann
PERSON