<table><tr><th>From:</th><th>Heather Gray &lt;</th></tr><tr><td>Sent:</td><td>Monday, December 14, 2015 5:37 PM</td></tr><tr><td>To:</td><td>Alan S. Halperin</td></tr><tr><td>Cc:</td><td>Jeffrey Epstein (jeevacation@gmail.com); Ada Clapp</td></tr><tr><td>Subject:</td><td>property being contributed to Noel Calb</td></tr></table>

Hi Alan,

Brad just told me that Leon is now planning to contr=bute the following to Noel Calb:

* Rare books valued at approximately $82 million;

* Fine art and Chinese works of art valued at =pproximately $178 million (I do not yet have the breakdown by value betwee= fine art and Chinese).

I'll be on the call at 1:30 pm and am happy to=discuss this in more detail at that time. I just wanted to give you =n update.

Best,

Heather

Heather Gray, Elysium Management LLC contact information. Email is redacted.