TRUSTS 2014 LDB LLC UNREALIZED LO TO HI JULY 2014 SOTHEBY'S Artist Item Description Total Paid (in USD) Sotheby's Appraised Value (July 2014) Fair Value (% Ownership) or Cost (if not on Appraisal) UNREALIZED GAIN (LOSS) CUMULATIVE GROSS UNREALIZED GAIN (LOSS) INCREMENTAL APO 1 BAROCCI, FEDERICO Christ blessing angel 6.968,000 1500.000 3.500.000 (3,468,000). (3,468.000) APO 1 MATISSE, HENRI Nude Dos. 4 etat (Back IV) 53.133,722 50.000.000 50.000.000 (3,133,722). (6,601.722) APO 1 PICASSO, PABLO Composition (Composition Au Minotaure) 18,918,808 16.000.000 16,000.000 (2,918,808) (9.520.530) LDB 2014 LLC SEURAT, GEORGES Au Divan Japonais (cafe.concert) 7,705,456 6.000.000 6,000,000 (1,705,456) (11.225.986) APO 2 PERUZZI, BALDASSAREAn Artist drawing a Nobleman 2,071,347 1.000.000 (1,071,347) (12.297.333) 1,000,000 APO 1 BECKMANN, MAX Studie Zu Malepartus (Study for Malepartus) 1,469,813 400.000 400,000 (1,069,813) (13.367.145) APO 1 SCHIELE, EGON Self Portrait as Saint Sebastian 3,511,219 2.500.000 2,500,000 (1,011,219) (14.378.364) APO 2 MATISSE, HENRI Figure Decorative 13,976,040 11000.000 13,000.000 (976,040) (15.354.404) APO 2 MUNCH, EDVARD Melancholy 1,702,098 900.000 900.000 (802.098) (16.156.502) LDB 2014 LLC GAUGUIN, PAUL L'Esprit veille (Te Arii Vahine)(Femme tahitienne) 3,290,086 2.500.000 2,500.000 (790.086) (16.946.588) APO 2 MARDEN, BRICE Untitled 1,633,125 1,000.000 1,000,000 (633,125) (17,579713) APO 1 SCHWITTERS, KURT • Sword 3,102,938 2,500.000 2,500,000 (602,938) (18,182.650) APO 1 GELLEE, CLAUDE CALLA wooded landscape 6,674.582 6,130.500 6,130,500 (544,082) (18,726.732) APO 2 RUBENS, PETER PAUL Meleager and Atalanta Hunting the Boar 6,021,753 5,500.000 5,500,000 A521,753) (19,248.486) APO 2 SHAPIRO, JOEL Untitled 1,181.125 700.000 700.000 (481,125). (19,729.611) APO 1 GERICAULT, THEODOR Study For the Father in tho Raf