NARROWS HOLDINGS LLC - Art to be contributed to AP Narrows LP - 2.4.16 Item ID Artist Title or Description Appraised Value' 5TCPV ALTDORFER. ALBRECHT A Landscape with Two Pine Trees in the Center 80.000 5C2WG AVERY. MILTON Beach Umbrellas 125.000 3XJK8 AVERY. MILTON Birds and Sea

72) 100%. NARROWS KLEE. PAUL Invention 8 - Perseus (Der Witt hat uber des Laid g. 88.733 50.000 50.000 (38.733) (62.663.205). 100% NARROWS ALTDORFER. ALBRECH A Landscape with Two Pine Trees in the Center (B. 588.621 . 550000 •• 550.000 (38,621) (62,701.826). 100% NARROWS GORKY, ARSHILE Nig

HARD Olson 538.931 • 500.000 • (38,931). (55,861.872) 100%. NARROWS NARROWS )(LEE. PAUL Invention 8 - Perseus (Dec Witz hat uber des Leid gr ALTDORFER. ALBRECH.A Landscape with Two Pine Trees it the Center (B. 88233 588.621 50.000 512550:000 00 550 7 00 00 000 (38.733). (38.621) (55.900.605)

ACROIX. EUGENE 10 ' x 7 inches 550.000 550.000 100% 4GXK5 A Landscape with Two Pine Trees in the Center (8. 70: W. 26: Hell. 88) Circa 1520 ALTDORFER. ALBRECHT Etching 550,000 550,000 100% 5TCPV Cloud Study Oil on board CONSTABLE, JOHN 10 x 14 Inches 550,000 550.000 100% 69KC2 Christ G