<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, December 9, 2015 10:32 PM</td></tr><tr><td>To:</td><td>Heather Gray</td></tr><tr><td>Subject:</td><td>Re: FW: Narrow Holdings Payments -JOINT DEFENSE COMMON INTEREST PRIVILEGE</td></tr></table>

wires larry can redact his own account i=fo. i want to see where the money went with specificity =C2 what was the account name. ? what type and the invoice =e now heard about

On Wed, Dec 9, 2015 at 6:11 PM, Heather Gray &=t;████████████████████████████████████████ wrote:

Jeffrey,=/span>

</=pan>

Just received this fro= Larry Gagosian's attorney. He has provided the chart below showin= the movement of the funds, but we still don't have actual bank wi=e info for payments from Gagosian to Picasso — I assume you still want to see actual wires?

</=pan>

Best,

Heather<=span>

</=pan>

From: Matthew Dontz' Sent: Wednesday, December 09, 2015 5:04 PM To: Heather Gray Subject: FW: Narrow Holdings Payments -JOINT DEFENSE COMMON INTEREST=PRIVILEGE

I actua=ly thought I sent this to you previously but no matter and apologies if I =idn't. Larry of course wanted me to continue to be totally transpa=ent with Leon and his team.

Here is=a record of payments received and transmitted by GG.<=p>

=C2

=C2

=C2

Date

Amount
Sender
Recipient
5/12/15
$23 M
Narrow Holdings (“Narrow”) </>
GG
5/19/15
$21.16 M
GG
Maya
6/29/15
$34.5 M
Narrow
GG
7/1/15
$31.74M (split into 2 wires of $20 M and $11.74=M)
GG
Maya
10/1/15
$28.75 M
Narrow
GG
10/2/15
$25 M
GG

Maya

Total paid by Narrow: $86.2= Mg=pan>

Total paid by GG: $77.9 M</=pan>=/p>

<=>:

As the chart and attachments reflect=here is the narrative:</=>

Larry transferred funds to Maya more or less as Leon made payments on the s=ulpture. Specifically:

=AO On May 12, 2015, Narrow Holdings LLC made a payment of $23 million =o Gagosian Gallery Inc. A week later, on May 19, 2015, Gagosian Gall=ry Inc. made a payment of $21.16 million to an account held by Maya Widmaier at Banque Leonardo.

=C2 =AO =C2

=AO On June 29, 2015, Narrow Holdings LLC made a payment of $34.5 milli=n to Gagosian Gallery Inc. On July 1, 2015, Gagosian Gallery Inc. ma=e a payment of $20 million to an account held by Maya Widmaier at Banque Leonardo. On the same day Gagosian Gallery l=c. made a second payment of $11.74 million to an account held by Maya Widm=ier at Banque Leonardo.

=AO On October 1, 2015, Narrow Holdings LLC made a payment of $28.75 mi=lion to Gagosian Gallery Inc. The next day, on October 2, 2015, Gago=ian Gallery Inc. made a payment of $25 million to an account held by Maya Widmaier at Banque Leonardo. On the same day=Gagosian Gallery Inc. made a second payment of $1.45 million to an account=held by Maya Widmaier at Banque Leonardo.

=C2

Thanks for taking my cal= today.

=C2

Best Re=ards

Matthew=u>

<=u>

please =ote

The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved

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