<table><tr><th>LEON &amp; DEBRA BLACK
PROJECTED CASH FLOW
PREPARED BY R JOSLIN
DEC 23 2014</th><th>DEC</th><th></th><th>FY 2015
JAN 1-15
JAN</th><th>FY 2015
JAN 16-31
JAN</th><th>FY 2015

FEB</th><th>FY 2015

MAR</th><th>FY 2015
APRIL 1-15
APRIL</th><th>FY 2015
APRIL 16-30
APRIL</th><th>FY 2015

MAY</th><th>FY 2015

JUN</th></tr><tr><td>CASH-JOINT</td><td>23,095,377</td><td>12/22</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CASH-DEBRA</td><td>6,704,679</td><td>12/22</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CASH-LEON (JPM)</td><td>10,000,000</td><td>12/22</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>PAYMENT DATE</td><td>12/3/2014</td><td></td><td></td><td>1/24/2015</td><td>2/28/2015</td><td>3/3/2015</td><td>4/15/2015</td><td>4/24/205</td><td>5/7/2015</td><td>6/3/2015</td></tr><tr><td>INFLOWS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>BFP LP DISTRIB</td><td>1,278,152</td><td></td><td></td><td></td><td>9,169,972</td><td>0</td><td>4,184,002</td><td></td><td>5,442,174</td><td></td></tr><tr><td>GRAT ANNUITY</td><td><u>24,225,000</u></td><td></td><td></td><td>18,072,534</td><td></td><td>39,160,977</td><td></td><td>20,922,615</td><td></td><td><u>49,656,630</u></td></tr><tr><td></td><td>25,503,152</td><td></td><td></td><td>18,072,534</td><td>9,169,972</td><td>39,160,977</td><td>4,184,002</td><td>20,922,615</td><td>5,442,174</td><td>49,656,630</td></tr><tr><td>LOAN REPAY-BFP</td><td>10,538,000</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>ART SALES-MID PRE-SALE EST</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>TOTAL INFLOWS</td><td>36,041,152</td><td></td><td></td><td>18,072,534</td><td>9,169,972</td><td>39,160,977</td><td>4,184,002</td><td>20,922,615</td><td>5,442,174</td><td>49,656,630</td></tr><tr><td>OUTLOWS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>HOUSEHOLD/TRANSFER TO MS</td><td>(2,853,000)</td><td></td><td></td><td></td><td>(3,000,000)</td><td></td><td></td><td></td><td>(3,000,000)</td><td></td></tr><tr><td>TOWNHOUSE-CONSTRUCTION</td><td></td><td></td><td>(657,340)</td><td></td><td></td><td></td><td>(986,010)</td><td></td><td></td><td></td></tr><tr><td>SHAKESPEARE FOLIO</td><td>(4,350,000)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>SOTHEBY'S-JON STRYKER COLL-FURNITU</td><td>(251,773)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>REMBRANDT ADORATION OF THE SHEPARDS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>HOTEL</td><td>(108,350)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>BOAT: USE + DEBT SERV-$17.2MM; LIBOR</td><td>(605,000)</td><td></td><td>(306,000)</td><td></td><td>(306,000)</td><td>(306,000)</td><td>(306,000)</td><td></td><td>(306,000)</td><td>(306,000)</td></tr><tr><td>PLANE: USE + DEBT SERV-$21.1MM; LIBO</td><td>(462,000)</td><td></td><td>(462,000)</td><td></td><td>(462,000)</td><td>(462,000)</td><td>(462,000)</td><td></td><td>(462,000)</td><td>(462,000)</td></tr><tr><td>NARROWS PURCHASE PRICE ADJ - APO 1</td><td>(670,999)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>APO 1 INTEREST</td><td></td><td></td><td></td><td></td><td></td><td>(17,325,267)</td><td></td><td></td><td></td><td></td></tr><tr><td>BOFA-ART LOAN - $470MM; LIBOR 1M+1</td><td>(1,685,000)</td><td></td><td></td><td></td><td></td><td>(1,794,000)</td><td></td><td></td><td></td><td>(1,794,000)</td></tr><tr><td>ART EXPENSE - CONSULTANT/ INSURANCE</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>(400,000)</td><td></td></tr><tr><td>LEGAL &amp; ACCOUNTING</td><td></td><td></td><td></td><td></td><td></td><td>(125,000)</td><td></td><td></td><td></td><td>(125,000)</td></tr><tr><td>CHARITY NOT FUNDED WITH LISTED SEC</td><td>(3,000,000)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CHARITY-ADD'L</td><td>(10,700,000)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>IRS</td><td></td><td></td><td>(19,922,000)</td><td></td><td></td><td></td><td>(14,204,250)</td><td></td><td></td><td>(6,723,250)</td></tr><tr><td>NYS/CA/IA TAX</td><td></td><td></td><td>(15,451,000)</td><td></td><td></td><td></td><td>(7,886,750)</td><td></td><td></td><td>(3,448,750)</td></tr><tr><td>USE ET AL TAX</td><td></td><td></td><td></td><td></td><td></td><td></td><td>(7,000,000)</td><td></td><td></td><td></td></tr><tr><td>ADVISORY FEE</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>(5,000,000)</td><td></td><td></td></tr><tr><td>TOTAL OUTFLOWS</td><td>(24,686,123)</td><td></td><td>(36,798,340)</td><td></td><td>(3,768,000)</td><td>(20,012,267)</td><td>(30,845,010)</td><td>(5,000,000)</td><td>(4,168,000)</td><td><u>(12,859,000)</u></td></tr><tr><td>NET IN(OUT)FLOWs</td><td>11,355,029</td><td></td><td>(36,798,340)</td><td>18,072,534</td><td>5,401,972</td><td>19,148,711</td><td>(26,661,008)</td><td>15,922,615</td><td>1,274,174</td><td>36,797,630</td></tr><tr><td>CASH BALANCE</td><td>37,939,969</td><td></td><td>1,141,629</td><td>19,214,163</td><td>24,616,135</td><td>43,764,846</td><td>17,103,838</td><td>33,026,453</td><td>34,300,627</td><td>71,098,257</td></tr><tr><td>EXCLUDE DRB</td><td>31,236,970</td><td></td><td>(5,561,370)</td><td>12,511,164</td><td>17,913,136</td><td>37,061,847</td><td>10,400,839</td><td>26,323,454</td><td>27,597,628</td><td>64,395,258</td></tr></table>