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EFTA01735631

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AMENDMENT TO AMENDED AND RESTATED PLEDGE AGREEMENT AMENDMENT, dated as of May 1, 2015 (the "Amendment"), to the AMENDED AND RESTATED PLEDGE AGREEMENT, dated June 10, 2003, as amended (the "Pledge Agreement"), between NARROWS HOLDINGS LLC , a New York limited liability company (the "Pledgor"), and BANK OF AMERICA, N.A., (the "Bank"). The parties desire to amend the Pledge Agreement. Therefore, in consideration of the premises and the agreements herein, the Pledgor hereby agrees with the Bank as follows: I. Definitions. All terms used herein which are defined in the Pledge Agreement and not otherwise defined herein are used herein as defined therein. 2. Amendments. (a) For good and valuable consideration, the receipt of which is hereby acknowledged, Pledgor hereby assigns and grants to the Bank a security interest and lien in and to the works of art listed and described in Schedule I hereto, which works of art shall hereinafter constitute "Art" and "Collateral" for all purposes of the Pledge Agreement. (b) Exhibit A to the Pledge Agreement is hereby amended and restated in the form of Exhibit A hereto. 3. Representations and Warranties. The Pledgor hereby represents and warrants to the Bank as follows: (a) The representations and warranties made by the Pledgor in the Pledge Agreement are true and correct on and as of the date hereof as though made on and as of the date hereof (except to the extent such representations and warranties expressly related to an earlier date). (b) The Pledgor has all requisite power and authority to execute, deliver and perform this Amendment and to perform the Pledge Agreement, as amended hereby. (c) Neither the execution and delivery of this Amendment, nor the consummation of the transactions contemplated hereby, nor the fulfillment of, nor the compliance with, the terms, conditions or provisions hereof, will conflict with, result in a breach of, or constitute a default under (i) any relevant statute, law,

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