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Self-portrait aged 35' 35.000 35.000 0 0 0 LDB ALTDORFER. ALBRECHT The Holy Family at the Fountain' 60.000 60.000 0 0 0 LDB ANDREANI. ANDREA (AFTER ANDREA MANTEGNA) The Triumph of Julius Caesar' 50.000 50.000 0 0 0 AP Narrows ASPERTINI. AMICO (ATTRIBUTED TO) Allegory with Adam and

0 (75.000) Narrows (Collateral) OSTADE. ADRIAEN VAN Untitled (from Paul Russell) 936.000 859.850 (76,150) 0 (76.150) AP Narrows DERAIN. ANDRE Paysage avec figures 430.000 350.000 (80,000) 0 (80.000) APO-01 GUERCINO. IL (GIOVANNI BATISTA BARBIERI) Landscape 580.000 500.000 (80,00

rounded by witches 400.000 1,400.000 1.000,000 1,000.000 0 Promised INGRES. JEAN- AUGUSTE- DOMINIQUE Virgil reading the Aeneid to Augustus, Livia, and Octavia drawing [LDB owns 40% of this work. The appraised value shown is for the entire work.] 600.000 1,600.000 1.000,000 1,000.000 0 A

to or in excess of a billion dollars. B. Team Dynamic & Experience The Founding Partners have a long, varied and successful working relationship — Andrew and Peter have been working together since PayPal in 2001, with James joining them at Clarium in 2008. Collectively they have structured and manage

Try %erg for free CHEWS NotOtAkO,J. KAFSEINA ONOuP a tit Ei AT A GLANCE FEATURES ADD-ONS CUSTOMERS PLANS & PRICING FR:espresentedheron are Livia:Med gross estirnges as of December 31.2015. VALAR VENTURES CONFIDENTIAL & TRADE SECRET I C-2 EFTA00609567 PORTFOLIO / XERO Investment Thesis T

0 (33688). (62,773,889) 100% NARROWS 'DERAIN. ANDRE Figures m a Landscape 433,000 400.000 400000

LDER. I The Rabbit Hunt 677.344 625.000 625.000 (52.344). (61.711571) 103%. NARROWS INGRES. JEAN.AUGUST Virgil Reading the Maori to Augustus. Livia. and CR 650.250 1500.000 600.000 (50.250). (61.761.821) 40% Met NARROWS BEARDSLEY. AUBREY '.The Achieving of the Sangreal 175.000 125.000 1

OWS, GEORGE WEA Stag at Sharkey's (M.46) DERAIN. ANDRE Figures in a Landscape 163.375 . 133,688 433.

HE ELDER, I The Rabbit Hunt 677,344 625,000 625 (52.344) (54.948.971). 100% NARROWS INGRES, JEAN-AUGUST Virgil Reading the Aeneid to Augustus. Livia. and Ot 650.250 1.500.000 600: 00 000 (50.250), (54.999.221) 40%.Met NARROWS BEAROSLEY, AUBREY 1.; The Achieving of the Sangreal 175,000 12

1877 Charcoal on paper REDON. ODILON 11 x 9'/. inches 400,000 400,030 100% 3Y47M Figures in a Landscape 1905 Watercolor on paper DERAIN, ANDRE 19 x 25 inches 400,000 400,000 100% 5C2WC Nature morte au cafetiere 1917 Pencil and charcoal on paper GRIS. JUAN 18'4 x 12 % inches 400.00

s. the upper left corner made up REMBRANDT VAN RIJN 6 1/2 x 5 % inches 620,000 620,000 100°,".: 4GPGZ Virgil Reading the Aeneid to Augustus, Livia. and Octavia Drawing (Virgile Lisant L'Eneide Devant Auguste. Livia Et Octave) t Dated in pen and prows ink 1809 and rewritten in black chalk 181