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