r purchase price + Unrealized sales tax Gain/Loss Unrealized Gain Unrealized Loss Narrows (Collateral) PICASSO, PABLO Study for 'Nude with Drapery' 700.000 5,000.000 4.300,000 4,300.000 0 Narrows (Collateral) ENSOR. JAMES Le grand juge 1.200.000 5,000.000 3.800,000 3,800.000 0 Nar

nu pour 'La danseuse habille' 1,000.000 3.000.000 3,000.000 . 2000.000 76.084,383 100%. NARROWS PICASSO. PABLO Study for 'Head of Nude with Drapery . 476.300 2.500,000 , 2,500.000 , 2,023,700 78.108.083 100% NARROWS DE GOYA, FRANCISCO Three People Around a Dying Man (Le malade) . 475

nu pour 'La danseuse habille' 1,000.000 3.000.000 3,000.000 . 2000.000 76.084,383 100%. NARROWS PICASSO. PABLO Study for 'Head of Nude with Drapery . 476.300 2.500,000 , 2,500.000 , 2,023,700 78.108.083 100% NARROWS DE GOYA, FRANCISCO Three People Around a Dying Man (Le malade) . 475

ffixed to a secondary support of buff colored laid rag paper MANET. EDOUARD 9'/: x 16 inches 2.750,000 2.750.000 Y 69MGC Study for 'Nude with Drapery's 1907 Gouache on buff paper, mounted on canvas PICASSO. PABLO 12 'A x 9'% inches 2.250.000 1.750.000 Y 4CXV4 Page 9 EFTA_R1_02138421 EFTA

,000 100% 3Y4711 Femande Olivier 1906 Bronze PICASSO, PABLO Height: 14 inches 1,750.000 1,750,000 100% 3XY2L Study for 'Head of Nude with Drapery 1907 Gouache and watercolor on paper, mounted on canvas PICASSO, PABLO 12 %x 9 'A inches 1,750,000 1,750,000 100% 3YKD3 Page 6 of 54 EFTA_