WM Background • Client since April 2014 • JP Morgan is his primary WM provider at present • Currently Mr. Black has a small brokerage account with DB - Current DB AUM: $174,480 • Opportunities: o $250MM art loan — Close Date 9/30/16 o $100MM investments —Close Date 9/30/16 Appendix Confidential CONFIDE

M provider historically. Mr. Black has relationships with heads of all major financial institutions • Mr. Black has a small brokerage account with DB - Current DB AUM: $ • Opportunities: o Share of $500MM art loan currently held away o $100MM+ in new public market investments o Direct private market and

WM Background • Client since April 2014 • JP Morgan is his primary WM provider at present • Currently Mr. Black has a small brokerage account with DB - Current DB AUM: $174,480 • Opportunities: o $250MM art loan — Close Date 9/30/16 o $100MM investments —Close Date 9/30/16 Appendix Confidential CONFIDE