FINE ART HELD BY NARROWS/ LOB

FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL The Table (Still Life with Fan) [COST UNDER REVIEW] 1910 BRAQUE, Oil on canvas GEORGES 15 x 21 V. inches 12,500 24,000,000 24,000,000 23,987,500 La muse Executed after 1918; limestone base and turntable mounting made by the artist in 1953. BRANCUSI, Polished bronze with limestone artist's base CONSTANTIN Height: 17'/. inches 11,466,250 32,500,000 32,500,000 21,033,750 Nympheas 1904 MONET, Oil on canvas CLAUDE 35 %x 36 inches 24,356,250 45,000,000 45,000,000 20,643,750 Femme cousant: a double•sided painting 1914 LEGER, Oil on canvas FERNAND 35 %x 28'/. inches 16,000,000 35,000,000 35,000,000 19,000,000 Elongated Plane 1915 MALEVICH, Oil on canvas KAZIMIR 31 % x 31 % inches 16,820,688 35,000,000 35,000,000 18,179,312 Fernande Olivier Cast by Vollard 1909 PICASSO, Bronze PABLO Height: 16 1/4 inches 3,114,375 18,000,000 18,000,000 14,885,625 Carriere de Bibemus Circa 1898 CEZANNE, Oil on canvas PAUL 25 % x 21 inches 7,692.500 22.500.000 22.500.000 14.807,500 Page 1 of 76 EFTA01204112 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist Item Description TURNER, Goldau R.A., JOSEPH 1843 MALLORD Watercolor with scraping out Total Paid (in USD) Sothebys Appraised Value (July 2013) Fair Value (% Ownership) or Cost (if not on Appraisal) Appriasal Value PLEDGED AS Less Total Paid COLLATERAL WILLIAM 12 x 18 % inches 1,330,000 16,000,000 16,000,000 14,670,000 Jardin de fleurs VAN GOGH, 1888 VINCENT Quill and reed pen with black ink over pencil on paper 8,500,000 22,500,000 22,500,000 14,000,000 Femme nue 1909 PICASSO, Oil on canvas PABLO 35 x 28 % inches 11,002,500 25,000,000 25,000,000 13,997,500 Corde et Personnages II 1935 Oil and rope on cardboard MIRO, JOAN 29 %x 41'/. inches 7,036,250 20,000,000 20,000,000 12,963,750 Le Château Noir Circa 1904 CEZANNE, Oil on canvas PAUL 27 1/4 x 32 % inches 12,505,581 25,000,000 25,000,000 12,494,419 Composition C with Gray and Red 1932 MONDRIAN, Oil on canvas, with original artist's frame PIET 24'/. x 24% inches (framed) 2,922,750 15,000,000 15,000,000 12,077,250 Marocaine en jaune 1912 MATISSE, Oil on canvas HENRI 32 x 25 inches 10,000,000 20,000,000 20,000,000 10,000,000 Aasgaardsstrand Circa 1900 MUNCH, Oil on canvas EDVARD 38 x 40 inches 2,571,478 12,500,000 12,500,000 9,928,522 The Risen Christ BUONARROTI Watermark indistinct on 33-mm vertical chainline, the upper corners made up. MICHELANGE Red and black chalk, pen and brown ink LO 9 1/4 x 8 1/4 inches 13,308,196 22,500,000 22,500.000 9,191,804 Page 2 of 76 EFTA01204113 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Buste de femme 1907 PICASSO, Oil on canvas PABLO 28% x 23% inches 9,500,000 18,000,000 18,000.000 8,500,000 Recto: Crane sur une draperie (Skull and Draper) Recto: pencil on paper; Verso: watercolor and pencil on paper CEZANNE, Circa 1902-06 PAUL 12 x 18'/. inches 1,750,000 10,000,000 10,000.000 8,250,000 Tanzerin mit Tamburin (Dancer with tambourine) 1946 BECKMANN, Oil on canvas MAX 57 % x 35 1/4 inches 1,825,000 10,000.000 10,000.000 8,175,000 Danseuses 1899 DEGAS, Pastel on paper laid down on canvas EDGAR 25 x 23% inches 11,910,206 20,000.000 20,000.000 8,089,794 Spanish Dancer Chalk on grey fibrous flocked paper collaged with plaster on sandpaper, three wrapping paper elements, twine, paint on string, thread, nails, tack, linoleum, wooden drafting triangle, hair woven in fabric, and cork mounted on five original wood boards joined by two original cross members 1928 MIRO, JOAN 43'/. x 28 inches 9,363,625 15,000,000 15,000.000 5,636,375 Grenade et poires dans une assiette Pomegranate and pear on a plate Circa 1885 CEZANNE, Oil on canvas PAUL 10 %x 14 % inches 3,692,500 9,000,000 9,000,000 5,307,500 Tate d'homme a la pipe 1912 PICASSO, Charcoal on laid paper PABLO 24 %x 18 % inches 1,729.294 7.000.000 7.000.000 5.270,706 Page 3 of 76 EFTA01204114 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Oiseau dans l'espace (Bird in space) Circa 1922-23 Signed with monogram CB on the underside of the cylinder base BRANCUSI, Marble and stone CONSTANTIN Height overall: 48 inches 29,755,440 35,000,000 35,000,000 5,244,560 Jeunes femmes au jardin (Portrait de Renee Monchaty) Huile Sur toile Circa 1921-23: reworked 1945-46 BONNARD, Oil on canvas PIERRE 23 % x 30 % inches 2,827,811 8,000,000 8,000,000 5,172,189 Jeannette III Edition 10 of 10 1958 MATISSE, Bronze HENRI Height: 23% inches 1,650,000 6,500,000 6,500,000 4,850,000 Jeannette IV Edition 10 of 10 1958 MATISSE, Bronze HENRI Height: 24 % inches 1,800,000 6,500.000 6,500,000 4,700,000 A Seated Old Man Facing Left 1631 Signed with initials and dated lower center RhL 1631 REMBRANDT Red and black chalk on pale yellow prepared paper VAN RIJN 9 x 6'/. inches 2,454,220 7,000,000 7,000,000 4,545,780 Bouteille et verve 1912-13 PICASSO, Pasted newspaper, charcoal and pencil on paper PABLO 23% x 18 inches 700,000 5,000,000 5,000,000 4,300,000 Voltri-Bolton I Signed, titled and dated 12-6-62 on the base Steel SMITH, DAVID 112 %x44 %x 15 % inches 2,706.250 7,000,000 7,000,000 4293,750 Page 4 of 76 EFTA01204115 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist CANALE , ANTONIO CALLED CANALETTO MUNCH, EDVARD POLLOCK, JACKSON MATISSE, HENRI VAN GOGH, VINCENT DAVID, JACQUES- LOUIS BRUEGEL I, PIETER DE CHIRICO, GIORGIO Item Description Feast of the Assumption at Santa Maria della Salute 1763-1766 Pen and black and brown inks over black chalk, heightened with white 15 x 21 % inches Melancholy 1891 Oil on canvas 28'/. x 38',4 inches Number 8, 1951 Dripped and blotted black ink, colored inks and drops of white oil paint on mulberry paper, tipped on the four corners to a thick support paper by the artist Signed and dated lower right 24'/. x 39 inches Jeannette V Edition 7 of 10 1958 Bronze Height: 22 % inches Wheat Field with Sheaves 1888 Pencil, pen, quill and sepia ink on wove paper 9 % x 12 % inches Portrait de Francois-Antoine Rasse, Prince de Gavre 1816 Oil on canvas 28 % x 23 % inches The Drunkard Pushed into the Pigsty Oil on panel, circular Diameter: 7 % inches The Surprise 1913 Oil on canvas 51 % x 16 % inches Total Paid (in USD) 963,425 Sothebys Appraised Value (July 2013) 5,000,000 Fair Value (% Ownership) or Cost (if not on Appriasal Value PLEDGED AS Appraisal) Less Total Paid COLLATERAL 5,000,000 11,000,000 15,000,000 15,000,000 1,250,000 2,750,000 2,265,131 2,273,250 5,499,505 5,000,000 6,500,000 6,000,000 6,000,000 9,000,000 5,000,000 6,500,000 6,000,000 6,000,000 9,000,000 4,036,575 4,000,000 3,750,000 3,750,000 3,734,869 3,726,750 3,500,495 4,546.500 8.000.000 8.000.000 3.453,500 Page S of 76 EFTA01204116 FINE ART HELD BY NARROWS/ LDB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Artist ENSOR, Total Paid (in Item Description USD) Fair Value (% Sotheby's Ownership) or Appraised Value Cost (if not on Appriasal Value (July 2013) Appraisal) Less Total Paid PLEDGED AS COLLATERAL Le grand juge (masques) 1898 Oil on canvas JAMES 23'% x 29'% inches 1,201,212 4,500,000 4,500,000 3,298,788 Y Le gueridon 1911 Signed on reverse BRAQUE, GEORGES Oil on canvas 16 x 13 inches 1,732,000 5,000,000 5,000,000 3,268,000 Le repos Circa 1893 DEGAS, (Pastel on board EDGAR 19 % x 25 % inches 4,086,438 7,000,000 7,000,000 2,913,563 Y Zwei Akte (Two Acts) 1911 SCHIELE, EGON Gouache, watercolor and pencil on paper 20 % x 13 % inches 600,000 3,500,000 3,500,000 2,900,000 Iris, messagere de Dieux 1890-91 RODIN, Bronze with green and brown patina AUGUSTE Height: 32 inches 1,193,456 4,000,000 4,000,000 2,806,544 Choc de cavaliers arabes 1833-34 DELACROIX, EUGENE Oil on canvas 32 x 40 inches 8,469,701 11,000,000 11,000,000 2,530,299 GERMAN, 16TH CENTURY Group of prints including the pair of colored Burgkmairs 2,500,000 2,500,000 2,500,000 Portrait de Constantin Guys 1880 MANET, EDOUARD Pastel on fine weave linen 21 % x 13 % inches 1,652,500 4,000,000 4,000,000 2,347.500 Page 6 of 76 EFTA01204117 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist SERRA, Item Description Double Torqued Ellipse II 1998 Weatherproof steel Outer ellipse: 11 feet 9 inches x 25 feet 6 inches x 36 feet Total Paid (in USD) Sothebys Appraised Value (July 2013) Fair Value (% Ownership) or Cost (if not on Appraisal) Appriasal Value Less Total Paid PLEDGED AS COLLATERAL RICHARD Inner ellipse: 11 feet 9 inches x 2 1,657,250 4,000,000 4,000.000 2,342,750 Y DEGAS, EDGAR Etude de nu pour 'La danseuse habille' Circa 1919.1921 Number thirteen in an edition of twenty plus two Bronze with brown patina Height: 28 % inches 1,000,000 3,000.000 3,000.000 2,000,000 RAFFAELLO SANZIO, CALLED Head of a Young Apostle Black chalk over pounced, dotted outlines RAPHAEL 375 by 278 mm 48,085,198 50,000.000 50,000.000 1.914,802 Y CEZANNE, PAUL Le Mann or Le Jardinier Vallier vu de face 1902-06 Oil on canvas 39'/: x 32 inches 53,103,750 55,000.000 55,000.000 1,896,250 Y GAUGUIN, PAUL Cylinder with Two Figures 1891 Signed PG at either side of the crouching figure Wood Height: 14 inches 8,128,125 10,000.000 10,000.000 1.871,875 LEONARDO Caricature of a Woman Wearing a Tall Hat and Caricature of an Old Man in Academic Dress: a pair of drawings Pen and brown ink Each: 2 % x 2 inches DA VINCI (Matted within one frame) 784,813 2,500.000 2,500.000 1,715,188 Y MOORE, HENRY Two-Piece Reclining Figure: Points Cast by the Noack Foundry, Berlin 1969 Bronze with green and brown patina Height: 90 inches Length: 143'/. inches Depth: 72 inches 4,347,394 6.000.000 6.000.000 1.652,606 Page 7 of 76 EFTA01204118 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist DE GOYA, FRANCISCO DE GOYA, FRANCISCO PICASSO, PABLO TURNER, R.A., JOSEPH MALLORD WILLIAM DE GOYA, FRANCISCO GUARDI, FRANCESCO MIRE, JOAN Item Description La bouillie (Beggars Eating Mash) Black lead, brush and grey wash 8 1/4 x 5 % inches Three People Around a Dying Man (Le malade) From the "Sepia album-F" 1812-1823 Brush and sepia ink 8 1/4 x 5 % inches Study for 'Nude with Drapery 1907 Gouache on buff paper, mounted on canvas 12'/: x 9'/. inches Entry to the Grand Canal with Santa Maria della Salute Circa 1840 Watercolor with gouache and scraping out over pencil indications 8 % x 12 % inches Gimiendo y Ilorando (Weeping and Wailing) Circa 1824-28 Black chalk and lithographic crayon on paper 7 ' x 6 inches Recto: Regata in the Bacino di San Marco with the Rialto Bridge in the Distance Verso: The Grand Canal with the Rialto Bridge in the Distance Toward the Riva del Carbon Pen and brown ink with brown wash over black chalk 15 x 24 % inches Femme poignardee par le soleil recitant des poemes fusees 1939 Oil wash and gouache on paper 16 x 13 inches Total Paid (in USD) 401,914 475,000 744,219 907,375 1,014,844 1,025,000 Sothebys Appraised Value (July 2013) 2,000,000 2,000,000 2,250,000 2,400.000 2,500.000 2,500,000 Fair Value (% Ownership) or Cost (if not on Appriasal Value PLEDGED AS Appraisal) Less Total Paid COLLATERAL 2,000,000 2,000.000 2,250,000 2,400.000 2.500.000 2,500.000 1.598,086 1.525,000 1,505,781 1.492,625 1.485.156 1,475,000 1,550.681 3.000.000 3.000.000 1.449,319 Page 8 of 76 EFTA01204119 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL La parade Circa 1865.66 Charcoal, pen and ink, grey wash, watercolor, gouache DAUMIER, and conte crayon on wove paper HONORE 17'/. x 13'/. inches 1,312,531 2,750,000 2,750,000 1.437,469 Aux courses 1878 DEGAS, Oil on canvas EDGAR 7 ' x 9 % inches 1,082,500 2,500,000 2,500,000 1,417,500 Dessin pour Tescalier LEGER, 1913 FERNAND Gouache and India ink on buff paper 1,190,750 2,500,000 2,500,000 1,309,250 La chanson a boire Circa 1857-60 DAUMIER, Colored crayons, pen and ink and watercolor on paper HONORE 9'/. x 13% inches 693,341 2,000,000 2,000,000 1,306,659 Skizze fur Sintflut II (Sketch for Deluge II) Signed and dated Kandinsky 1912 lower left KANDINSKY, Oil on canvas VASSILY 37 % x 42 % inches 31,725,250 33,000,000 33,000.000 1,274,750 Study for 'Head of Nude with Drapery 1907 PICASSO, Gouache and watercolor on paper, mounted on canvas PABLO 12'/. x 9 % inches 476,300 1,750.000 1,750.000 1.273,700 Les toits, Arles 1888 VAN GOGH, Pencil, reed pen and ink on paper VINCENT 10 x 13 % inches 1,250,000 2,500.000 2,500.000 1.250,000 Page 9 of 76 EFTA01204120 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Betwixt the Torus and Sphere 2001 Weatherproof steel; three spherical sections, three torus sections, unique SERRA, Overall: 11 feet 10 inches x 37 feet 6 inches x 26 feet 7 RICHARD inches 2,775,500 4,000,000 4,000,000 1.224,500 L'araignee en pleurs 1881 REDON, Charcoal on paper ODILON 19 x 14 % inches 560,000 1,750,000 1,750,000 1,190,000 Madonna del Gatto Circa 1478.80 LEONARDO Pen and brown ink and wash on paper DA VINCI 3 %x 2 % inches 3,338,547 4,500.000 4,500.000 1,161,453 Fernande Olivier 1906 PICASSO, Bronze PABLO Height: 14 inches 624,938 1,750.000 1,750.000 1,125,063 Young Woman Surrounded by Witches (Jeune femme languissante) From the "Bordeaux album-H" 1824-28 DE GOYA, Black chalk FRANCISCO 7 1/2 x 6 inches 380,000 1,500.000 1,500.000 1,120,000 L'Air (premier etat) 1938 MAILLOL, Lead ARISTIDE 54 % x 100 % x 33 1/2 inches 893,063 2,000,000 2,000.000 1,106,938 Page 10 of 76 EFTA01204121 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Maja y Celestina Circa 1824-25 Carbon black, touched with red wash, heightened with DE GOYA, graffito on ivory FRANCISCO 2 %x 2 % inches Les Bourgeois de Calais Jean d'Aire, height 181/2 inches Pierre de Wiessant, height 18 inches, Jacques de Wiessant, height 18 1/2 inches, Eustache de Saint-Pierre, height 16 3/4 inches, RODIN. Andrieu d'Andres, height 18 5/8 inches AUGUSTE Bronze 660,000 1,750,000 660,000 1,750,000 1,750,000 1,090,000 1,750,000 1,090,000 Venus a la coquille II One in an edition of ten 1932 MATISSE, Bronze with brown patina HENRI 12% x 8 x 9V. inches 700,000 1,750,000 1,750,000 1,050,000 St. Jerome in his Study (Meder 59, a: Bartsch 60) DORER, 1514 ALBRECHT Engraving 189,656 1,200,000 1,200,000 1,010,344 Paysage 1908 PICASSO, Oil on panel laid down on cradled panel PABLO 26 % x 11 % inches 2,500,000 3,500,000 3,500,000 1,000,000 Study for Agony Signed and indistinctly dated GORKY, White gouache, colored crayon, charcoal and pastel ARSHILE 40 x 51 inches 3,000,000 4,000,000 4,000,000 1,000,000 Entwurf zu "Komposition VII" 1913 KANDINSKY, Watercolor and India ink on paper VASSILY 15 % x 17 % inches 1,515,000 2.500.000 2.500.000 985,000 Page 11 of 76 EFTA01204122 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sotheby's Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL RAFFAELLO Head of a Muse SANZIO, Watermark encircled Saint Anthony's cross CALLED Black chalk over pounce marks, traces of stylus RAPHAEL 12 x 8% inches 47,020,045 48,000,000 48,000,000 979,955 Femme nue 1910 PICASSO, Pen and ink and wash on paper PABLO 16 x 11 Vs inches 650,000 1,500,000 1,500,000 850,000 Parade de Saltimbanques Circa 1860.64 DAUMIER, Oil on panel HONORE 9% x 13 inches 1,650,000 2,500,000 2,500,000 850,000 Oiseau Edition 6/6 1968 Bronze MIRO, JOAN 82 % x 63 x 57'A inches 1,100,000 1,850,000 1,850,000 750,000 Panier de /Aches, raisin blanc et noir avec rafraichissoir et verre (Basket of peaches, white and black grapes with wine CHARDIN, cooler and glass) JEAN- Circa 1759 SIMEON Oil on canvas 2,267,783 3,000,000 3,000,000 732,217 La culpa es tuya (C'est de la faute) (It's all your fault) Circa 1803.12 DE GOYA, Gray ink on paper FRANCISCO 9 %x 7 inches 2,778,085 3,500,000 3,500,000 721,915 Autoportrait Circa 1854-55 DEGAS, Black chalk and pencil with stump on paper EDGAR 15 x 11 % inches 300.000 1.000.000 1.000.000 700,000 Page 12 of 76 EFTA01204123 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Portrait of Elie Faure 1922 PICASSO, Pencil on paper PABLO 12 %x 9% inches 800,000 1,500,000 1,500,000 700,000 Christ Crucified Between Two Thieves (The Three Crosses) (Bartsch 78: White/Boon, fourth state of five; Hind 270) Circa 1653.55 With Strasbourg lily watermark (Ash/Fletcher, variant 1.a: Hinterding, variant 1A) REMBRANDT Drypoint with some engraving VAN RIJN 15 x 17% inches 1,517,250 2,200,000 2,200,000 682,750 Selbstbildnis (Self Portrait) 1909 SCHIELE, Watercolor, colored crayon, pencil and gold paint on paper EGON 15 % x 11 % inches 150,000 800,000 800,000 650,000 Glass-top Table and Eight Side Chairs The table: GIACOMETTI, Height: 30 inches DIEGO Diameter: 5 feet 9 inches 900,000 1,500,000 1,500,000 600,000 A Boy with a Blind Woman Circa 1824-25 DE GOYA, Watercolor on ivory FRANCISCO 2% x 2% inches 660,000 1,250,000 1,250,000 590,000 A Prisoner Circa 1824-1825 DE GOYA, Watercolor on ivory FRANCISCO 2% x 2% inches 660.000 1.250.000 1.250.000 590,000 Page 13 of 76 EFTA01204124 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Jeune fille a la mantille (Etude pour L'espagnole aux fleurs) Circa 1919 MATISSE, Charcoal and estompe on paper HENRI 20 % x 16 % inches 416,763 1,000,000 1,000,000 583,238 Baigneuses Circa 1895.1900 CEZANNE, Watercolor on joined paper PAUL 6'/. x 10'/. inches 935,000 1,500,000 1,500,000 565,000 Episode de la Guerre Coloniale: Noir sur un cheval cabre Black chalk and brown ink, watercolor and bodycolor on GERICAULT, blue paper THEODORE 8 1/4 x 10'/. inches 1,438,990 2,000,000 2,000,000 561,010 Apres ('audience 1862-65 Charcoal, pen and ink and watercolor on paper laid down DAUMIER, on paper HONORE 11 x 14 % inches 1,210,000 1,750,000 1,750,000 540,000 ARP, HANS Constellation de quatre formes blanches et d'une noire Constellation (with Four White Forms) 1931 Painted wood, unique 27 % x 33 % inches 487,125 1,000,000 1,000,000 512,875 La nourrice Circa 1882 SEURAT, Conte crayon on paper GEORGES 12 % x 9 % inches 1,012.138 1.500.000 1.500.000 487,863 Page 14 of 76 EFTA01204125 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist AVERY, MILTON MATISSE, HENRI MIRO, JOAN TIEPOLO, GIOVANNI DOMENICO DE GOYA, FRANCISCO CEZANNE, PAUL DE GOYA, FRANCISCO GRIS, JUAN Item Description Early Spring 1944 Oil on canvas 28 x 36 inches Femme se reposant 1935 Pen and India ink on paper 20'/. x 15% inches Composition 1933 Black chalk with collaged postcard and botanical prints on cream laid paper with watermark 24 % x 18 ',4 inches The Firing Squad Circa 1800 Signed lower center Dom. Tiepolo f. Pen and brown ink with brown wash over black chalk 13 % x 18 % inches Los desastres de la guerra 1863 Set of first edition etchings and lithographs Groupe d'arbres Circa 1877-80 Watercolor on paper 18 % x 12'/. inches Los Caprichos 1799 Set of first edition etchings and lithographs Nature mode Dedicated A Mademoiselle Henriette Mano Gage d'Affection Gouache, colored crayon, sand and charcoal on card 18'/: x 12 inches Total Paid (in USD) 125,000 341,000 541,250 1,312,500 579,880 Sothebys Appraised Value (July 2013) 600,000 800,000 1,000,000 450,000 450,000 1,750,000 1,000,000 Fair Value (% Ownership) or Cost (if not on Appriasal Value PLEDGED AS Appraisal) Less Total Paid COLLATERAL 600,000 800,000 1,000,000 450,000 450,000 1,750,000 1,000,000 475,000 459,000 458,750 450,000 450,000 437,500 420,120 391,000 800,000 800,000 409,000 Page 1S of 76 EFTA01204126 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist SCHIELE, EGON RICKEY. GEORGE PICASSO, PABLO PICASSO, PABLO WATTEAU, JEAN- ANTOINE INGRES, JEAN- AUGUSTE- DOMINIQUE PICASSO, PABLO Item Description Liegender Weiblicher Akt 1918 Black crayon on paper 11 x 18 1/4 inches Triple L Excentric Gyratory Gyratory 1993 Stainless steel Height: 20 feet Etude pour l'acteur and deux profils de Fernande 1904-05 Signed and dated Picasso 22 June 09 Pencil on paper 19 x 12% inches Le singe et le masque 1954 Pen and brush and ink on paper 9 % x 12 % inches Profile of a Man with a Study of a Hand Circa 1719 Black and red chalks on paper 6 1/2x 9' inches Raphael and The Fornarina Circa 1860 Oil on canvas 12 1/4 x 10 % inches Tate de taureau 1935 Dated 4 avril )000/ upper right Colored crayons 9 1/4 x 7 % inches Total Paid (in USD) 99,000 1,104,150 360,159 413,875 1,623,750 Sothebys Appraised Value (July 2013) 500,000 400,000 1,500,000 750,000 800,000 2,000,000 Fair Value (% Ownership) or Cost (if not on Appriasal Value PLEDGED AS Appraisal) Less Total Paid COLLATERAL 500,000 400,000 1,500,000 750,000 800,000 2,000,000 401,000 400,000 395,850 389,841 386,125 376,250 627,029 1,000,000 1,000,000 372,971 Page 16 of 76 EFTA01204127 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist KLEE, PAUL GELLEE, CLAUDE CALLED LE LORRAIN WIRER. ALBRECHT TANSEY, MARK KELLY, ELLSWORTH REDON, ODILON KELLY, ELLSWORTH Item Description Hexen•scene 1921 Watercolor and gouache and collage on paper laid down by the artist on board Image: 12 x 9 inches An Extensive Landscape 1645-48 Point of the brush on brown wash on paper 8 % x 12 % inches Saint Eustace (Meder 60, b; Bartsch 57; Schoch/Mende/Scherbaum 32) Circa 1501 Engraving 14 % x 10'/. inches Homage to Susan Sontag 1982 Oil on canvas 22 x 36 inches Untitled 2012 Stainless steel and aluminum, painted finish 22 feet 6 inches x 20 inches x 10 feet 9 inches La gloire noyee 1881 Charcoal on paper 18 x 14 1/4 inches Diagonal with Curve XVI 1984 Mahogany 126 x 50 1/4 x 2 1/4 inches Total Paid (in USD) 335,575 893,062 1,143,188 50,000 3,650,750 453,000 Sothebys Appraised Value (July 2013) 700,000 1,250,000 1,500,000 400,000 4,000.000 800.000 Fair Value (% Ownership) or Cost (if not on Appriasal Value PLEDGED AS Appraisal) Less Total Paid COLLATERAL 700,000 1,250,000 1,500,000 400.000 4,000,000 800,000 364,425 356,938 356,813 350,000 349,250 347,000 1,665.788 2.000.000 2.000.000 334.213 Page 17 of 76 EFTA01204128 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Taureau et cheval Dated 25.03.1921 upper right, inscribed 2715 on the reverse PICASSO, Pencil on paper PABLO 8 1/4 x 10 % inches 470,271 800,000 800,000 329,729 Pair of torcheres GIACOMETTI, Bronze ALBERTO Height: Approximately 60 inches 300,000 300,000 300,000 VASARI, Untitled GIORGIO Work on paper 300,000 300,000 300,000 Rayons Circa 1884 SEURAT, Conte crayon on paper GEORGES 9 %x 12 % inches 702,049 1,000,000 1,000,000 297,951 Satan dominant le monde 1877 REDON, Charcoal on paper ODILON 14 x 10% inches 161,151 450.000 450.000 288,849 Study for a Seated Prophet Black chalk heightened with white, partially pricked for SIGNORELLI, transfer, unevenly cut to a circle and laid down LUCA 11 %x 8% inches 962,747 1,250,000 1,250,000 287,253 Nicodemus 1616 RUBENS, SIR Black and white chalk on paper PETER PAUL 389 x 225 mm 963,010 1,250,000 1,250,000 286,990 Galatee Circa 1880.85 MOREAU, Watercolor and gouache on paper GUSTAVE 14% x 9% inches 215.930 500.000 500.000 284.070 _ Page 18 of 76 EFTA01204129 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist THIEBAUD, WAYNE GRIS, JUAN DAVIS, STUART RODIN. AUGUSTE KLEE, PAUL DE TOULOUSE- LAUTREC, HENRI PICASSO, PABLO Item Description Pink Swirl 1988 Oil on panel 15 x 12 inches Nature mode au cafetiere 1917 Pencil and charcoal on paper 18 % x 12 % inches Artist in Search of a Model 1931 Gouache on paper 11 x 19 inches The Age of Bronze Stamped Alexis Rudier Bronze with brown and green patina Height: 25'/: inches Konigsburg 1932 Oil on linen in artist's frame 10'/. x 10'/. inches La coiffure 1893 Oil on board 13 % x 10 % inches Arlequin a la guitare 1916 Pencil on paper 12 %x 9''/ inches Total Paid (in USD) 119,075 123,891 74,151 25,000 1,265,000 1,020,420 Sothebys Appraised Value (July 2013) 400,000 400,000 350,000 300,000 1,500,000 1,250,000 774,450 1,000,000 Fair Value (% Ownership) or Cost (if not on Appriasal Value PLEDGED AS Appraisal) Less Total Paid COLLATERAL 400,000 400,000 350,000 300,000 1,500,000 1,250,000 280,925 276,109 275,849 275,000 235,000 229,580 1,000,000 225,550 Page 19 of 76 EFTA01204130 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist REDON, ODILON TIEPOLO, GIOVANNI BATTISTA FRAGONARD, JEAN- HONORE LIOTARD, JEAN ETIENNE Item Description Satyre 1877 Charcoal on paper 11 x 9 % inches Christ Calling the Fishermen Circa 1735 Pen and brown ink with brown wash over black chalk 16'/: x 11 % inches Vile d'amour - la fete A Rambouillet Chalk, pastel, watercolor and bodycolor 10',4 x 14 inches JACQUES DE CHAPEAUROUGE (1744 -1805) Pastel on parchment 19 % x 15 % inches Console table with shelf, model with frogs Circa 1980 GIACOMETTI, Bronze with green patina DIEGO 35 x 50 x 15 inches Console table with shelf, model with frogs Circa 1980 GIACOMETTI, Bronze with green patina DIEGO 35 x 50'/. x 15 % inches GIACOMETTI, DIEGO DAVID, JACQUES- LOUIS Console a plateaux, modele aux grenouilles Circa 1984 Bronze 35 x 47 inches Portrait of a Revolutionary in Profile Facing Left Annotated Dessine par Louis David en moins de vingt minutes et sur le genous, dans les prisons des 4 nations, le 3 messidor au 3 dIR, on the reverse Pen and ink on paper Diamerter: 17.6 cm. Total Paid (in USD) 180,000 185,000 2,785,777 789,180 Sothebys Appraised Value (July 2013) 400,000 400,000 3,000,000 1,000,000 200,000 200,000 200,000 Fair Value (% Ownership) or Cost (if not on Appriasal Value PLEDGED AS Appraisal) Less Total Paid COLLATERAL 400,000 400,000 3,000,000 1,000,000 200,000 200,000 200,000 220,000 215,000 214,223 210,820 200,000 200,000 200,000 200.000 200.000 200,000 Page 20 of 76 EFTA01204131 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist Item Description Los Proverbios (or Los Disparates) DE GOYA, 1864 Total Paid (in USD) Sothebys Appraised Value (July 2013) Fair Value (% Ownership) or Cost (if not on Appraisal) Appriasal Value PLEDGED AS Less Total Paid COLLATERAL FRANCISCO Set of first edition etchings and lithographs 200,000 200,000 200,000 Mohn and Ritterspoon Watercolor on paper NOLDE, EMIL 13'/. x 18 inches 50,000 250,000 250,000 200,000 Marthe sur un divan Circa 1900 BONNARD, Oil on cardboard PIERRE 17 % x 16 % inches 300,000 500,000 500,000 200,000 Chimneypiece GIACOMETTI, Molded plaster DIEGO 41 x 59 x 10 % inches 400,000 600,000 600,000 200,000 God Blessing the Seventh Day Circa 1800.05 Signed with monogram lower left WB inv. and inscribed lower right Genesis Ild. C. 3d v - BLAKE, Pen and brown ink and watercolor WILLIAM 16% x 14 inches 2,316,008 2,500.000 2,500.000 183,992 Black Stallion in a Stable 1822 GERICAULT, Watercolor over pencil on woven paper THEODORE 9'A x 12 % inches 324,750 500,000 500,000 175,250 Table basse aux caryatides Bronze with brown and green patina Height: 17 % inches GIACOMETTI, Width: 28 inches DIEGO Depth: 28 inches 175,000 175,000 175,000 Tigre se lechant la patte Circa 1853.55 DELACROIX, Oil on canvas EUGENE 9 % x 12% inches 225.000 400.000 400.000 175.000 Page 21 of 76 EFTA01204132 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist Item Description Improvisation 8 1909 Signed and dated Kandinsky 1909 lower center Total Paid (in USD) Sothebys Appraised Value (July 2013) Fair Value (% Ownership) or Cost (if not on Appraisal) Appriasal Value PLEDGED AS Less Total Paid COLLATERAL KANDINSKY, Oil on canvas VASSILY 491/4 x 28 % inches 27,331,634 27,500,000 27,500,000 168.366 COROT, Le Rageur, Foret de Fontainebleau JEAN- Circa 1830.1835 BAPTISTE- Oil on canvas CAMILLE 20 x 24 inches 686,500 850.000 850.000 163,500 Landing 1988 GORMLEY, Lead, fiberglass and air ANTONY 22 x 87 x 22 inches 98,532 250,000 250,000 151,469 Man, Rocks and Sea Signed Milton Avery and dated 1948 lower left AVERY, Watercolor and pencil on paper MILTON 22% x 30% inches 150,000 150,000 150,000 ROMANO, Untitled GIULIO Work on paper 150.000 150,000 150,000 Femme nue KLIMT, Pencil on paper GUSTAV Sight: 21 % x 14 inches 25,000 175,000 175,000 150,000 Autoportrait 1938 GIACOMETTI, Charcoal on paper ALBERTO 10 %x 8'/. inches 100,000 250,000 250,000 150,000 A Landsknecht Turned to the Left Carrying a Halberd (recto) and Two SCHAUFELEI Studies of Coats of Arms (verso): a double-sided drawing N THE Pen and black and brown ink, watermark high crown ELDER, HANS 10 x 6 inches 354.290 500.000 500.000 145,710 Page 22 of 76 EFTA01204133 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Study for an Allegory of the Rhine River Black and white chalk with extensive stumping, on blue PRUD'HON, paper (faded to ochre) PIERRE-PAUL 23'/a x 16'% inches 462,769 600,000 600,000 137,231 La chute de Phaeton Circa 1891 REDON, Charcoal and black chalk on buff paper ODILON 20'/, x 14'% inches 363,000 500,000 500,000 137,000 Beach Umbrellas 1944 AVERY, Gouache on paper MILTON 22 x 30 inches 17,000 150,000 150,000 133,000 Contraste de formes 1913 LEGER, India ink, wash, and gouache on buff paper FERNAND 16 %x 19 % inches 1,620,833 1,750,000 1,750,000 129,167 Eve a la pomme 1899 MAILLOL, Bronze ARISTIDE Height: 23 inches 75,000 200,000 200,000 125,000 Together and Apart Edition 1/5 1998 GORMLEY, Cast iron ANTONY 74 x 18 % x 12 % inches 79,368 200,000 200,000 120,632 Seeing and Showing 1991/92 GORMLEY. Lead, fiberglass, and air ANTONY 37 % x 35 x 17'/. inches 80,004 200,000 200,000 119,996 Page 23 of 76 EFTA01204134 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL The Fish 1932-33 HARTLEY, Oil on cardboard MARSDEN 15% x 24% inches 80,105 200,000 200,000 119,895 The Entry of Christ into Brussels in 1889 on the Day of Mardi Gras Executed in 1898 ENSOR, Etching, hand•colored with gouache and watercolor JAMES 9 %x 14 % inches 182,278 300,000 300,000 117,722 Junges Paar (S. L52) 1913 Lithograph printed in colors NOLDE, EMIL Approximately 24',4 x 20 inches 233,658 350,000 350,000 116,342 Calla Lillies 1928 HARTLEY. Oil on board MARSDEN 23 % x 19 % inches 140,000 250,000 250,000 110,000 The Confederates Arriving at the Ruth 1778 FUSELI, Brown ink and wash on paper HENRY 10 %x 15'/. inches 92,013 200,000 200,000 107,988 The Sidelong Glance 1912 DAVIS, Watercolor and pencil on paper STUART 15 x 11 inches 20,000 125,000 125,000 105,000 Untitled DAVIS, 1912 STUART Watercolor on paper 20,000 125,000 125,000 105,000 Page 24 of 76 EFTA01204135 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Study for Proposed Mural, United Nations Conference Room 3 1955 DAVIS, Gouache on paper STUART 7 ' x 11 % inches 48,713 150,000 150,000 101,288 Apocalypse, Passion, Life of the Virgin (Meder 127, 259, 316) DORER, Three woodcut sets, complete with title-pages, bound in a ALBRECHT 19th century brown calf binding 1,400,000 1,500,000 1,500,000 100,000 The Temptation of Adam Circa 1570 Signed B Sprangers fecit SPRANGER, Black chalk, pen and brown ink, brown and gray wash BARTHOLOM heightened with white on paper AEUS 9% x 7 inches 251,200 350,000 350,000 98,800 Recto: Studies of Angels and Children's Heads Verso: Studies of Legs and Angels 1576-78 Inscribed At Woodbum sale June1854 on verso in graphite BAROCCI, Black and red chalk on paper FEDERICO 9% x 13'% inches 503,107 600,000 600.000 96,893 Te Faruru Circa 1891-93 GAUGUIN, Charcoal, pen, India ink and wash on paper PAUL 13% x 9% inches 520,200 600,000 600,000 79,800 Drapery Study with the Christ Child Standing on the Madonna's Left Knee Inscribed on the mount Pietro peruchino maestro de Rafaellde urbino No 14/100 and no 5792-100 Metalpoint, with pen and brown ink and fine brush and wash heightened with white on pale cream/pink prepared DI CREDI, paper LORENZO 10 % x 7 % inches 1,175,850 1,250.000 1,250.000 74,150 Page 25 of 76 EFTA01204136 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist INGRES, JEAN- AUGUSTE- DOMINIQUE COROT, JEAN- BAPTISTE- CAMILLE MATISSE, HENRI Item Description Portrait de Monseigneur Gabriel Cortois de Pressigny (1745-1823) 1816 Pencil and watercolor on paper 11 % x 7 % inches Vue de Volterra Black crayon on paper 29.5 x 43.5 cm La danse 1911 Pen and ink on tracing paper Image: 4 % x 6 % inches The Appearance to Joseph Circa 1909 GONCHAROV Signed N. Gontcharova. lower right A, NATALIA Gouache and pencil BOILLY, LOUIS LEOPOLD KLEE, PAUL Etude preparatoire pour "Le jeu d'echecs" Circa 1815 Black crayon on paper 8 % x 13 % inches Gegensatze Abends (Blau and Orange) 1924-25 Signed Klee upper left and indistinctly inscribed top center; dated 1924 25 and titled Gegensatze abends on the artist's mount Watercolor, gouache, pen and ink and pencil on Ingres paper mounted on artist's board Sheet: 8 % x 13'% inches Total Paid (in USD) 179,655 433,000 139,759 Sothebys Appraised Value (July 2013) 250,000 70.000 500,000 62,500 200,000 Fair Value (% Ownership) or Cost (if not on Appriasal Value PLEDGED AS Appraisal) Less Total Paid COLLATERAL 250,000 70,000 500,000 62,500 200,000 70,345 70,000 67,000 62,500 60,241 1,440,304 1,500,000 1,500,000 59,696 Page 26 of 76 EFTA01204137 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Silver River — Hudson Executed in 2011 Number 1 of 3 in an edition of 3, plus 2 artist's proofs Recycled silver LIN, MAYA 81 x 45% inches 92,331 150,000 150,000 57,669 Chrysanthemum MONDRIAN, Watercolor and gouache on paper PIET 12 x 9 inches 142,890 200.000 200.000 57,110 Acrobat (Back Bend) Edition of five 1950 BECKMANN, Bronze with brown patina MAX Height: 9 % inches 48,000 100,000 100,000 52,000 Lampe-trepied A etoile Designed by Alberto Giacometti for Jean-Michel Frank in 1935-37 and cast by Diego Giacometti at a later date. GIACOMETTI, Bronze with dark brown patina ALBERTO Height: 16 inches 50,000 50,000 50,000 Lampe-trepied 2 etoile Designed by Alberto Giacometti for Jean-Michel Frank in 1935-37 and cast by Diego Giacometti at a later date. GIACOMETTI, Bronze with dark brown patina ALBERTO Height: 16 inches 50,000 50,000 50,000 Kasbek The preparatory study for the drypoint 1923 Signed in pencil, inscribed by an unknown hand Grossman Lithographic crayon on joined, buff transfer paper laid BECKMANN, down on board MAX 19 % x 8% inches 75,000 125.000 125.000 50,000 Page 27 of 76 EFTA01204138 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL KLEE, PAUL KLEE, PAUL Komiker - Inv. 4 (Kornfeld, no. 9) 1904 Etching 5% x 6'/. inches 100,000 150,000 150,000 50,000 Zwei Manner, einander in hoherer Stellung vermutend, begegnen sich - Inv. 6 (Komfeld, no. 7) Circa 1903 Etching 4 'x 8% inches 100,000 150,000 150,000 50,000 Poinsettia (La fleur rouge) REDON, Pastel on paper ODILON 26 % x 19 % inches 200,000 250,000 250,000 50,000 Le penseur 1880 RODIN. Bronze with brown and black patina AUGUSTE Height: 14'/. inches 250,000 300,000 300,000 50,000 L'Amor the mouve it Sole e l'altre Stelle BURNE- Circa 1880.83 JONES, Pencil on three sheets EDWARD 84 x 42 inches 134,437 175,000 175,000 40,563 Hand of a Woman Holding a Cane VON 1883 MENZEL, Carpenter pencil and stumping on paper ADOLPH 7 ' x 4 % inches 20,000 60,000 60,000 40,000 Satre Coeur 1949 BECKMANN, Conte crayon with white heightening on blue paper MAX 23'/. x 17'/. inches 20,000 60,000 60,000 40,000 Studies of a Man Eating from a Bowl VON Circa 1872-74 MENZEL, Black chalk with stumping on paper ADOLPH 9% x 13 inches 30,000 70,000 70,000 40,000 Page 28 of 76 EFTA01204139 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist Item Description Bacchus et jeune femme nue 1954 PICASSO, Pen and India ink on paper Total Paid (in USD) Sothebys Appraised Value (July 2013) Fair Value (% Ownership) or Cost (if not on Appraisal) Appriasal Value PLEDGED AS Less Total Paid COLLATERAL PABLO 9 %x 12'/: inches 86,600 125,000 125,000 38,400 Untitled Executed in 1937 Iron on a steel base SMITH, DAVID 17 x 5 % x 2 inches 462,719 500,000 500,000 37,281 Lampe en forme bougeoir Circa 1960 GIACOMETTI, Bronze with brown and green patina DIEGO Height: 8'/. inches 35,000 35,000 35,000 Lampe en forme bougeoir Circa 1960 GIACOMETTI, Bronze with brown and green patina DIEGO Height: 8'/. inches 35,000 35,000 35,000 La puce 1888 ENSOR, Pencil and charcoal on paper JAMES 8 % x 6 % inches 30,000 60,000 60,000 30,000 Console a plateaux, modele aux grenouilles Circa 1984 GIACOMETTI, Bronze with brown-green patina DIEGO 35 x 47 x 16 inches 170,000 200,000 200,000 30,000 Autoportrait 1944 MATISSE, Pen and ink on paper HENRI 15'/, x 10'/. inches 270,625 300,000 300,000 29,375 Dessin Circa 1898 KHNOPFF, Pencil and black chalk on paper, in artist's frame FERNAND 7 x 3 1/2 inches 74,151 100,000 100,000 25,849 Page 29 of 76 EFTA01204140 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist Item Description La defense DAUMIER, Pen and ink and wash on paper Total Paid (in USD) Sothebys Appraised Value (July 2013) Fair Value (% Ownership) or Cost (if not on Appraisal) Appriasal Value PLEDGED AS Less Total Paid COLLATERAL HONORE 7 1/2 x 8 1/2 inches 324,750 350,000 350,000 25,250 El guitarrista 1979 BOTERO, Charcoal, graphite and white chalk on calendered paper FERNANDO 16% x 14% inches 10,000 35.000 35,000 25,000 Junges Paar (S.L52) 1913 Signed in pencil and inscribed Vom 8 DR. Dieser Fassung Nr. 4 From the edition of 121 NOLDE, EMIL Lithograph printed in black, purple and orange 150,000 175,000 175,000 25,000 Le cube (L'oeil) REDON, Charcoal on paper ODILON 17 x 11 % inches 325,125 350,000 350,000 24,875 Sujet Allegorigue (David et Goliath) REDON, Charcoal on paper ODILON 18 x 18% inches 476,300 500,000 500,000 23,700 Lady Gold's Escort (From The Yellow Book Vol. III) BEARDSLEY, Circa 1894 AUBREY Pen, brush and India ink on paper VINCENT 11 x 7 inches 46,598 70,000 70,000 23,403 Twisted Roots (Tree study) 1927 HARTLEY, Black crayon and pencil on paper MARSDEN 25'/. x 19 % inches 7,000 30,000 30,000 23,000 The Blind Still Leading the Blind 1996 Glass and silver, in eleven parts QUINN. MARC 290 x 65 x 30 inches 37.897 60.000 60.000 22,103 Page 30 of 76 EFTA01204141 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Cloud Study (recto) and Suffolk Landscape with a Cloudy Sky (verso): a double-sided drawing CONSTABLE, Watercolor over pencil JOHN 4 1/4 x 6 % inches 379,313 400,000 400,000 20,688 The Angel of Death Signed Odilon Redon, lower right REDON, Charcoal on paper ODILON 49.5 x 28 cm. 179,644 200,000 200,000 20,356 Woman and Child DENIS, Conte crayon and pencil on paper MAURICE 8'/. x 6'/. inches 5,000 25,000 25,000 20,000 Portrait du fits de ('artiste (recto) and Scene illustrant un (tit romantique (verso): a double-sided drawing Circa 1875.85 Pencil on paper (recto), and watercolor and pencil on CEZANNE, paper (verso) PAUL 19 % x 12 % inches 783,009 800,000 800,000 16,991 Old Billiard Player (M. 84; B. 19) 1921 BELLOWS, From the edition of 43 GEORGE Lithograph on thin wove paper WESLEY 9 1/4 x 7 1/4 inches 2,500 18,000 18,000 15,500 BARYE. Guerrier tartare arretant son cheval ANTOINE- Bronze LOUIS Height: 13 1/4 inches 10,000 25,000 25,000 15,000 BARYE. Thesee combattant le Centaur Bienor ANTOINE- Bronze LOUIS Height: 12 1/4 inches 10,000 25,000 25,000 15,000 La robe rose Circa 1890 VUILLARD, Oil on board EDOUARD 8 1/4 x 10 % inches 110,000 125.000 125.000 15.000 Page 31 of 76 EFTA01204142 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist BONINGTON, RICHARD PARKES DELACROIX, EUGENE ISABEY, JEAN- BAPTISTE PUVIS DE CHAVANNES, PIERRE NOLDE, EMIL ROUSSEL, KER-XAVIER DOVE, ARTHUR GARFIELD MATISSE, HENRI Item Description Landscape with Harvesters at Sunset 1826 Watercolor with touches of bodycolor and stopping out 5 %x 7'A inches Cavalier mamelouk au galop 1849 Pen and brown ink on paper 13 x 8 1/2 inches Portrait de Talleyrand Charcoal on paper 11 1/4 x 8'/. inches Reclining Female Nude with Drapery Circa 1879 Black and white chalk on papier calque 8 % x 16'/. inches Salamo and Seine Frauen (S.R. 153) 1911 Signed in pencil Printed by Sabo Etching and softground 11 % x 9'/. inches La Ciotat 1906 Conte crayon and pastel on paper 10'/. x 14% inches Untitled V (Centerport) Circa 1940 Watercolor and pen and ink on paper 6 x 9 inches Femme nue debout Circa 1900 Pen and ink on paper 10 x 7 inches Total Paid (in USD) 135,313 161,500 7,000 5,000 4,500 5,000 25,000 Sothebys Appraised Value (July 2013) 150,000 175,000 20,000 17,500 15,000 15,000 35,000 Fair Value (% Ownership) or Cost (if not on Appriasal Value PLEDGED AS Appraisal) Less Total Paid COLLATERAL 150,000 175,000 20,000 17,500 15,000 15,000 35,000 14,688 13,500 13,000 12,500 10,500 10.000 10.000 60.000 70.000 70.000 10.000 Page 32 of 76 EFTA01204143 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Nature mode aux fruits Still Life with Fruits Circa 1935 BONNARD, Gouache and pencil on cream-colored paper PIERRE 12% x 13 inches 70,000 80,000 80,000 10,000 Melancolia I (Bartsch 74; Meder 75 Ith; Scherbaum 71) 1514 With no watermark DORER, Engraving on laid paper ALBRECHT Plate: 9'% x 7 7/16 inches 790,303 800,000 800,000 9,697 A View in Borrowdale 1806 CONSTABLE, Watercolor and pencil on paper, squared for transfer JOHN 7 x 14% inches 70,363 80,000 80,000 9,638 Spur of Piazetta Shaft, Venice RUSKIN, Pen, ink, pencil and brown washes on paper JOHN Image: 4 x 4% inches 6,504 16.000 16.000 9,496 Les Nympheas avec saule MONET, Aquarelle CLAUDE 9 x 5'/. inches 342,225 350,000 350,000 7,775 Knight, Death and the Devil (Bartsch 98; Meder 74b (of g); Schoch, Mende and Scherbaum 69) DORER, 1513 ALBRECHT Engraving 592,727 600,000 600,000 7,273 Untitled (Jamaican Watercolor) CLEMENTE, 1992 FRANCESCO Watercolor on paper 43,400 50,000 50,000 6,600 Page 33 of 76 EFTA01204144 FINE ART HELD BY NARROWS/ LOB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Base 1995 GORMLEY, Watercolor on paper ANTONY 7 %x 11 inches 2,653 9,000 9,000 6,347 Home of the Heart IV 1995 GORMLEY, Watercolor on paper ANTONY 7 1/2 x 5 % inches 2,653 9,000 9,000 6,347 Sense 1993 GORMLEY, Watercolor on paper ANTONY 7 'x 11 inches 2,653 9,000 9,000 6,347 Esquisse pour 'Le Mediterranee' Circa 1902 MAILLOL, Sanguine on paper ARISTIDE 9' x 12 % inches 19,000 25,000 25,000 6,000 Striped Drape 1947 AVERY, Blue ink on paper MILTON 14 x 17 inches 2,200 7,500 7,500 5,300 Portrait RICHMOND, 1907 WILLIAM Pencil on paper BLAKE 9%x 8 %inches 12,222 17,500 17,500 5,278 Two Women 1886 BERNARD, Ink on paper EMILE 4 % x 6 % inches 2,000 7,000 7,000 5,000 Page 34 of 76 EFTA01204145 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Artist Item Description Turkish Dancers PASCIN, Pencil on paper Total Paid (in USD) Sothebys Appraised Value (July 2013) Fair Value (% Ownership) or Cost (if not on Appraisal) Appriasal Value PLEDGED AS Less Total Paid COLLATERAL JULES 17 % x 23 % inches 3,000 8,000 8,000 5,000 Horse and Rider GRAHAM, Black and brown ink and wash on paper JOHN 8'/. x 11 % inches 5,000 10,000 10,000 5,000 BARYE. ANTOINE- Lion-stalking LOUIS Bronze 5,000 10,000 10,000 5,000 Lion qui marche BARYE. Bronze with brown and green patina ANTOINE- Height: 9 % inches LOUIS Length: 16% inches 5,000 10,000 10,000 5,000 Tigre qui marche BARYE. Bronze with brown and green patina ANTOINE- Height: 8'% inches LOUIS Length: 16'% inches 5,000 10,000 10,000 5,000 Oology 1973 Signed with monogram MC and numbered IfOON CHIRINO, Polished bronze MARTIN 11 3/4x 7 %inches 7,000 12,000 12,000 5,000 MAILLOL, Nude Seen from Behind ARISTIDE Charcoal on paper 20,000 25,000 25,000 5,000 Kurt Schwitters: Schriftstellar 1921-22 SCHWITTERS Collage and montage on card , KURT 12'% x 10 inches 220,000 225,000 225,000 5,000 Page 35 of 76 EFTA01204146 FINE ART HELD BY NARROWS/ LDB ALL WORKS 100% OWNED SCHEDULE OF UNREALIZED MAY 2014 Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Marius a Mintumes DROUAIS, Circa 1785 JEAN- Black chalk, pen and brown ink, and grey wash on paper GERMAIN 7 % x 9'/. inches 45,325 50,000 50,000 4,675 The Pool-Player (M. 83; B.58) 1921 BELLOWS, From the edition of 43 GEORGE Lithograph on thin wove paper WESLEY 5 %x 10'/. inches 3,500 8,000 8,000 4,500 Paris and Helen Pen and ink with traces of black crayon and grey wash DAVID, annotated by David in the candelabra JACQUES- Amores Hel/nis Paridis annotated on the mount David LOUIS avril 82 459,960 464,230 464,230 4,270 Study for The Horse Fair Circa 1851-52 BONHEUR, Black chalk on off