<table><tr><th>From:</th><th>Richard Kahn</th></tr><tr><td>Sent:</td><td>Friday, March 24, 2017 4:32 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Fwd: LDB comments on Christie's proposal</td></tr></table>

Richard Kahn

HBRK Associa=es Inc.

Begin forwarded message:

| Field | Value |
|---|---|
| From | Heather Gray <redacted> |
| Date | March 24, 2017 at 12:2=:55 PM EDT |
| To | Richard Kahn <redacted> |
| Subject | LDB comments=on Christie's proposal |

=

Hi Rich,

I just wanted to pass along to you Leon's com=ents on the Christie's numbers. He may have already given the= to Jeffrey, but just in case. Leon thinks they are way too low on th= estimates (as I'm sure Jeffrey does), so he's asked me to go back to them and say estimates should be $22.5 million - $27.5 millio=. He also thinks the guarantee should be no less than $20 million, so=l'm going to give them that feedback and we'll see what hap=ens next.

Best,

Heather

Heather Gray

Art Counsel

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