LEON BLACK PLEDGED ART 6-Jun-12 Pledge of a total of Total of 51 pieces of fine art that includes a description, FMV and location. Those pieces in Red are to Be Released- #s 14 & 31 Those pieces in Blue are to be Added as Collateral June, 2010 Existing Pledge As of February 7.2012 Sotheby's Appraisal 1 Pierre Bonnard Jeunes femmes au jardin , circa 1921-23; reworked 1945-46 Oil on canvas 23 7/8 x 30 3/8 inches Located New York, New York 2 Gorges Braque Le gueridon , 1911 Signed on reverse Oil on canvas 16 x 13 inches Located New York, New York 3 Edgar Degas Aux courses, 1878 Oil on canvas 71/2 x 9 5/8 inches Located New York, New York 4 Alberto Giacometti Figure Moyenne II, 1947 Bronze with gold patina, unique Height 51 inches Located New York, New York 5 Arshlle Gorky Study for Agony Signed and indistinctly dated White gouache, colored crayon, charcoal and pastel 40 x 51 inches Located New York, New York $ 6,000,000 $ 8,000,000 $ 3,500,000 $ 3,500,000 $ 2,500,000 $ 2,500,000 $ 22,500,000 $ 22,500,000 $ 4,000,000 $ 4,000,000 EFTA01127106