SCHEDULE A - REAL PROPERTY

}bk1{schedulea-realproperty}bk{ B6A (fficial Form 6A) (12/07) n re Joseph. Rowand ebtor ase o. 10-80830 SHL A - RAL PRPRY xcept as directed below list all real property in which the debtor has any legal equitable or future interest including all property owned as a cotenant community property or in which the debtor has a life estate. nclude any property in which the debtor holds rights and powers exercisable for the debtor's own benefit. f the debtor is married state whether husband wife both or the marital community own the property by placing an "H" "W" "J" or "" in the column labeled "Husband Wife Joint or ommunity." f the debtor holds no interest in real property write "one" under "escription and Location of Property." o not include interests in executory contracts and unexpired leases on this schedule. List them in Schedule G - xecutory ontracts and nexpired Leases. f an entity claims to have a lien or hold a secured interest in any property state the amount of the secured claim. See Schedule. f no entity claims to hold a secured interest in the property write "one" in the column labeled "Amount of Secured laim." f the debtor is an individual or if a joint petition is filed state the amount of any exemption claimed in the property only in Schedule - Property laimed as xempt. escription and Location of Property ature of ebtor's nterest in Property Husband Wife Joint or ommunity urrent of ebtor's nterest in Property without educting any Secured laim or xemption Amount of Secured laim Lot 2 and residence 4600 ld Hwy 86 Hillsborough assessed tax value Sole - 1017156.00 975000.00 Lot 1 assessed tax value Sole - 455742.00 295000.00 Sub-otal > 1472898.00 (otal of this page) 0 continuation sheets attached to the Schedule of Real Property Software opyright (c) 1996-2010 - Best ase Solutions - vanston L - www.bestcase.com otal > 1472898.00 (Report also on Summary of Schedules) ase 10-80830 oc 25 Filed 05/25/10 Page 1 of 17

}bk1{scheduleb-personalproperty}bk{ B6B (fficial Form 6B) (12/07) n re Joseph. Rowand ebtor ase o. 10-80830 xcept as directed below list all personal property of the debtor of whatever kind. f the debtor has no property in one or more of the categories place an "x" in the appropriate position in the column labeled "one." f additional space is needed in any category attach a separate sheet properly identified with the case name case number and the number of the category. f the debtor is married state whether husband wife both or the marital community own the property by placing an "H" "W" "J" or "" in the column labeled "Husband Wife Joint or ommunity." f the debtor is an individual or a joint petition is filed state the amount of any exemptions claimed only in Schedule - Property laimed as xempt. o not list interests in executory contracts and unexpired leases on this schedule. List them in Schedule G - xecutory ontracts and nexpired Leases. f the property is being held for the debtor by someone else state that person's name and address under "escription and Location of Property." f the property is being held for a minor child simply state the child's initials and the name and address of the child's parent or guardian such as "A.B. a minor child by John oe guardian." o not disclose the child's name. See 11.S.. 112 and Fed. R. Bankr. P. 1007(m). ype of Property 1. ash on hand SHL B - PRSAL PRPRY escription and Location of Property Husband Wife Joint or ommunity urrent of ebtor's nterest in Property without educting any Secured laim or xemption 2. hecking savings or other financial accounts certificates of deposit or shares in banks savings and loan thrift building and loan and homestead associations or credit unions brokerage houses or cooperatives. Sunrust Bank checking approx balance at petition date - 30.00 3. Security deposits with public utilities telephone companies landlords and others. 4. Household goods and furnishings including audio video and computer equipment. 5. Books pictures and other art objects antiques stamp coin record tape compact disc and other collections or collectibles. at residence - 3000.00 at residence - 75000.00 6. Wearing apparel. at residence - 100.00 7. Furs and jewelry. Personal jewelry - 1000.00 8. Firearms and sports photographic and other hobby equipment. 9. nterests in insurance policies. ame insurance company of each policy and itemize surrender or refund value of each. 10. Annuities. temize and name each issuer. 2 continuation sheets attached to the Schedule of Personal Property Software opyright (c) 1996-2010 - Best ase Solutions - vanston L - www.bestcase.com Sub-otal > (otal of this page) ase 10-80830 oc 25 Filed 05/25/10 Page 2 of 17 79130.00

B6B (fficial Form 6B) (12/07) - ont. n re Joseph. Rowand ebtor ase o. 10-80830 SHL B - PRSAL PRPRY (ontinuation Sheet) ype of Property escription and Location of Property Husband Wife Joint or ommunity urrent of ebtor's nterest in Property without educting any Secured laim or xemption 11. nterests in an education RA as defined in 26.S.. 530(b)(1) or under a qualified State tuition plan as defined in 26.S.. 529(b)(1). Give particulars. (File separately the record(s) of any such interest(s). 11.S.. 521(c).) 12. nterests in RA RSA Keogh or other pension or profit sharing plans. Give particulars. 13. Stock and interests in incorporated and unincorporated businesses. temize. Studio Frames Ltd. d/b/a Somerhill Gallery in h 11 nominal equity value - 1.00 14. nterests in partnerships or joint ventures. temize. 15. Government and corporate bonds and other negotiable and nonnegotiable instruments. 16. Accounts receivable. 17. Alimony maintenance support and property settlements to which the debtor is or may be entitled. Give particulars. 18. ther liquidated debts owed to debtor including tax refunds. Give particulars. 19. quitable or future interests life estates and rights or powers exercisable for the benefit of the debtor other than those listed in Schedule A - Real Property. 20. ontingent and noncontingent interests in estate of a decedent death benefit plan life insurance policy or trust. 21. ther contingent and unliquidated claims of every nature including tax refunds counterclaims of the debtor and rights to setoff claims. Give estimated value of each. Sheet 1 of 2 continuation sheets attached to the Schedule of Personal Property Software opyright (c) 1996-2010 - Best ase Solutions - vanston L - www.bestcase.com Sub-otal > (otal of this page) ase 10-80830 oc 25 Filed 05/25/10 Page 3 of 17 1.00

B6B (fficial Form 6B) (12/07) - ont. n re Joseph. Rowand ebtor ase o. 10-80830 SHL B - PRSAL PRPRY (ontinuation Sheet) ype of Property escription and Location of Property Husband Wife Joint or ommunity urrent of ebtor's nterest in Property without educting any Secured laim or xemption 22. Patents copyrights and other intellectual property. Give particulars. 23. Licenses franchises and other general intangibles. Give particulars. 24. ustomer lists or other compilations containing personally identifiable information (as defined in 11.S.. 101(41A)) provided to the debtor by individuals in connection with obtaining a product or service from the debtor primarily for personal family or household purposes. 25. Automobiles trucks trailers and other vehicles and accessories. orvette - 18000.00 26. Boats motors and accessories. 27. Aircraft and accessories. 28. ffice equipment furnishings and supplies. 29. Machinery fixtures equipment and supplies used in business. 30. nventory. 31. Animals. 32. rops - growing or harvested. Give particulars. 33. Farming equipment and implements. 34. Farm supplies chemicals and feed. 35. ther personal property of any kind not already listed. temize. Sheet 2 of 2 continuation sheets attached to the Schedule of Personal Property Software opyright (c) 1996-2010 - Best ase Solutions - vanston L - www.bestcase.com Sub-otal > (otal of this page) otal > ase 10-80830 oc 25 Filed 05/25/10 Page 4 of 17 18000.00 97131.00 (Report also on Summary of Schedules)

91 (12/09) nited States Bankruptcy ourt Middle istrict of orth arolina n re Joseph. Rowand ase o. 10-80830 ebtor(s) hapter 11 BR'S LAM FR PRPRY MPS Joseph. Rowand the undersigned debtor hereby claim the following property as exempt pursuant to 11.S.. 522(b)(3)(A) (B) and () the Laws of the State of orth arolina and non-bankruptcy federal law. heck if the debtor claims as exempt any amount of interest that exceeds $125000 in value in property that the debtor or a dependent of the debtor uses as a residence. 1. RAL R PRSAL PRPRY S BY BR R BR'S P AS RS R BRAL PL. (GS 1-1601(a)(1)). Select appropriate exemption amount below: otal net value not to exceed $35000. otal net value not to exceed $60000. (ebtor is unmarried 65 years of age or older property was previously owned by debtor as tenant by the entireties or joint tenant with rights of survivorship and former co-owner is deceased.) escription of Market Property & Address Lot 2 and residence 4600 ld Hwy 86 Hillsborough assessed tax value 1017156.00 Mtg. Holder or Lien Holder(s) Sunrust Mortgage nc. Sunrust Bank Amt. Mtg. or Lien et 830000.00 145000.00 42156.00 (a) otal et $ 42156.00 otal et xemption $ 35000.00 (b) nused portion of exemption not to exceed $5000. $ 0.00 (his amount if any may be carried forward and used to claim an exemption in any property owned by the debtor. (GS 1-1601(a)(2)). 2. AY BY H RY. he following property is claimed as exempt pursuant to 11.S.. 522(b)(3)(B) and the laws of the State of orth arolina pertaining to property held as tenants by the entirety. escription of Property & Address -- Market Mtg. Holder or Lien Holder(s) Amt. Mtg. or Lien et 3. MR VHL. (GS 1-1601(a)(3). nly one vehicle allowed under this paragraph with net value claimed as exempt not to exceed $3500.) Year Make Market et Model of Auto Lien Holder(s) Amt. Lien orvette 18000.00 18000.00 (a) Statutory allowance $ 3500 (b) Amount from 1 (b) above to be used in this paragraph. (A part or all of 1 (b) may be used as needed.) $ 0.00 otal et xemption $ 3500.00 4. LS F RA MPLMS R PRFSSAL BKS. (GS 1-1601(a)(5). sed by debtor or debtor's dependent. otal net value of all items claimed as exempt not to exceed $2000.) ase 10-80830 oc 25 Filed 05/25/10 Page 5 of 17

91 (12/09) escription -- Market Lien Holder(s) Amt. Lien et (a) Statutory allowance $ 2000 (b) Amount from 1 (b) above to be used in this paragraph. (A part or all of 1 (b) may be used as needed.) $ 0.00 otal et xemption $ 0.00 5. PRSAL PRPRY S FR HSHL R PRSAL PRPSS BY BR R BR'S PS. (GS 1-1601(a)(4). ebtor's aggregate interest not to exceed $5000 in value for the debtor plus $1000 for each dependent of the debtor not to exceed $4000 total for dependents.) escription Market et Lien Holder(s) Amt. Lien at residence 3000.00 3000.00 at residence 100.00 100.00 Personal jewelry 1000.00 1000.00 (a) Statutory allowance for debtor $ 5000 (b) Statutory allowance for debtor's dependents: 0 dependents at $1000 each (not to exceed $4000 total for dependents) 0.00 (c) Amount from 1(b) above to be used in this paragraph. (A part or all of 1 (b) may be used as needed.) 0.00 6. LF SRA. (As provided in Article Section 5 of orth arolina onstitution.) ame of nsurance ompany\policy o.\ame of nsured\policy ate\ame of Beneficiary -- otal et 4100.00 otal et xemption 4100.00 7. PRFSSALLY PRSRB HALH AS (FR BR R BR'S PS). (GS 1-1601(a)(7). o limit on value or number of items.) 8. BR'S RGH RV FLLWG MPSA: (GS 1-1601(a)(8). o limit on number or amount.) A. $ -- ompensation for personal injury to debtor or to person whom debtor was dependent for support. B. $ -- ompensation for death of person of whom debtor was dependent for support.. $ -- ompensation from private disability policies or annuities. 9. VAL RRM PLAS AS F H RAL RV A AY PLA RA H SAM MAR AS A VAL RRM PLA R H RAL RV. (GS 1-1601(a)(9). o limit on number or amount.) A HR RRM FS F 11.S.. 522(b)(3)(c). escription: -- etailed escription -- Software opyright (c) 1996-2010 Best ase Solutions - vanston L - bestcase.com ase 10-80830 oc 25 Filed 05/25/10 Page 6 of 17

91 (12/09) 10. LLG SAVGS PLAS QALF R S 529 F H RAL RV. (GS 1-1601(a)(10). otal net value not to exceed $25000 and may not include any funds placed in a college saving plan within the preceding 12 months not in the ordinary course of the debtor's financial affairs. his exemption applies only to the extent that the funds are for a child of the debtor and will actually be used for the child's college or university expenses.) etailed escription -- 11. RRM BFS R A RRM PLA F HR SA A GVRMAL S F HR SAS H HS BFS AR MP R H LAWS F HA SA R GVRMAL. (GS 1-1601(a)(11). o limit on amount.) escription: -- 12. ALMY SPPR SPARA MAA A HL SPPR. (GS 1-1601(a)(12). o limit on amount to the extent such payments are reasonably necessary for the support of ebtor or dependent of ebtor.) 13. AY HR RAL R PRSAL PRPRY WHH BR SRS LAM AS MP HA HAS PRVSLY B LAM ABV. (GS 1-1601(a)(2). he amount claimed may not exceed the remaining amount available under paragraph 1(b) which has not been used for other exemptions.) escription Market et Lien Holder(s) Amt. Lien at residence 75000.00 75000.00 Studio Frames Ltd. d/b/a Somerhill Gallery in h 11 nominal equity value 1.00 1.00 Sunrust Bank checking approx balance at petition date 30.00 30.00 (a) otal et of property claimed in paragraph 13. $ 75031.00 (b) otal amount available from paragraph 1(b). $ 0.00 (c) Less amounts from paragraph 1(b) which were used in the following paragraphs: Paragraph 3(b) $ 0.00 Paragraph 4(b) $ 0.00 Paragraph 5(c) $ 0.00 et Balance Available from paragraph 1(b) $ 0.00 otal et xemption $ 75031.00 14. HR MPS LAM R H LAWS F H SA F RH ARLA: escription: -- -- AL VAL F PRPRY LAM AS MP $ 0.00 15. MPS LAM R -BAKRPY FRAL LAW: -- AL VAL F PRPRY LAM AS MP $ 0.00 A May 24 2010 /s/ Joseph. Rowand Joseph. Rowand ebtor Software opyright (c) 1996-2010 Best ase Solutions - vanston L - bestcase.com ase 10-80830 oc 25 Filed 05/25/10 Page 7 of 17

}bk1{schedule-reditorsholdingsecuredlaims}bk{ B6 (fficial Form 6) (12/07) n re Joseph. Rowand ebtor ase o. 10-80830 SHL - RRS HLG SR LAMS State the name mailing address including zip code and last four digits of any account number of all entities holding claims secured by property of the debtor as of the date of filing of the petition. he complete account number of any account the debtor has with the creditor is useful to the trustee and the creditor and may be provided if the debtor chooses to do so. List creditors holding all types of secured interests such as judgment liens garnishments statutory liens mortgages deeds of trust and other security interests. List creditors in alphabetical order to the extent practicable. f a minor child is a creditor the child's initials and the name and address of the child's parent or guardian such as "A.B. a minor child by John oe guardian." o not disclose the child's name. See 11.S.. 112 and Fed. R. Bankr. P. 1007(m). f all secured creditors will not fit on this page use the continuation sheet provided. f any entity other than a spouse in a joint case may be jointly liable on a claim place an "" in the column labeled "odebtor" include the entity on the appropriate schedule of creditors and complete Schedule H - odebtors. f a joint petition is filed state whether the husband wife both of them or the marital community may be liable on each claim by placing an "H" "W" "J" or "" in the column labeled "Husband Wife Joint or ommunity". f the claim is contingent place an "" in the column labeled "ontingent". f the claim is unliquidated place an "" in the column labeled "nliquidated". f the claim is disputed place an "" in the column labeled "isputed". (You may need to place an "" in more than one of these three columns.) otal the columns labeled "Amount of laim Without educting of ollateral" and "nsecured Portion if Any" in the boxes labeled "otal(s)" on the last sheet of the completed schedule. Report the total from the column labeled "Amount of laim" also on the Summary of Schedules and if the debtor is an individual with primarily consumer debts report the total from the column labeled "nsecured Portion" on the Statistical Summary of ertain Liabilities and Related ata. heck this box if debtor has no creditors holding secured claims to report on this Schedule. Account o. RR'S AM A MALG ARSS LG ZP A A MBR (See instructions above.) B R Husband Wife Joint or ommunity H W J A LAM WAS RR AR F L A SRP A VAL F PRPRY SBJ L Lot 1 assessed tax value G L Q A S P AM F LAM WH G VAL F LLARAL SR PR F AY ebbie L. Hill 176 West King St. Hillsborough 27278 - Account o. $ Lot 1 assessed tax value 455742.00 20000.00 0.00 H. Mitchell Lloyd and Lillie H. Lloyd 4607 ld Hwy 86 Hillsborough 27278 - Account o. Sunrust Bank P Box 791274 Baltimore M 21279 - $ 455742.00 Lot 2 and residence 4600 ld Hwy 86 Hillsborough assessed tax value 275000.00 0.00 Account o. Sunrust Mortgage nc. P Box 79041 Baltimore M 21279-0041 - $ 1017156.00 Lot 2 and residence 4600 ld Hwy 86 Hillsborough assessed tax value 145000.00 0.00 0 continuation sheets attached $ Software opyright (c) 1996-2010 - Best ase Solutions - vanston L - www.bestcase.com 1017156.00 Subtotal (otal of this page) otal (Report on Summary of Schedules) ase 10-80830 oc 25 Filed 05/25/10 Page 8 of 17 830000.00 0.00 1270000.00 0.00 1270000.00 0.00

}bk1{schedule-reditorsholdingnsecuredprioritylaims}bk{ B6 (fficial Form 6) (4/10) n re Joseph. Rowand ebtor ase o. 10-80830 SHL - RRS HLG SR PRRY LAMS A complete list of claims entitled to priority listed separately by type of priority is to be set forth on the sheets provided. nly holders of unsecured claims entitled to priority should be listed in this schedule. n the boxes provided on the attached sheets state the name mailing address including zip code and last four digits of the account number if any of all entities holding priority claims against the debtor or the property of the debtor as of the date of the filing of the petition. se a separate continuation sheet for each type of priority and label each with the type of priority. he complete account number of any account the debtor has with the creditor is useful to the trustee and the creditor and may be provided if the debtor chooses to do so. f a minor child is a creditor state the child's initials and the name and address of the child's parent or guardian such as "A.B. a minor child by John oe guardian." o not disclose the child's name. See 11.S.. 112 and Fed. R. Bankr. P. 1007(m). f any entity other than a spouse in a joint case may be jointly liable on a claim place an "" in the column labeled "odebtor" include the entity on the appropriate schedule of creditors and complete Schedule H-odebtors. f a joint petition is filed state whether the husband wife both of them or the marital community may be liable on each claim by placing an "H" "W" "J" or "" in the column labeled "Husband Wife Joint or ommunity." f the claim is contingent place an "" in the column labeled "ontingent." f the claim is unliquidated place an "" in the column labeled "nliquidated." f the claim is disputed place an "" in the column labeled "isputed." (You may need to place an "" in more than one of these three columns.) Report the total of claims listed on each sheet in the box labeled "Subtotals" on each sheet. Report the total of all claims listed on this Schedule in the box labeled "otal" on the last sheet of the completed schedule. Report this total also on the Summary of Schedules. Report the total of amounts entitled to priority listed on each sheet in the box labeled "Subtotals" on each sheet. Report the total of all amounts entitled to priority listed on this Schedule in the box labeled "otals" on the last sheet of the completed schedule. ndividual debtors with primarily consumer debts report this total also on the Statistical Summary of ertain Liabilities and Related ata. Report the total of amounts not entitled to priority listed on each sheet in the box labeled "Subtotals" on each sheet. Report the total of all amounts not entitled to priority listed on this Schedule in the box labeled "otals" on the last sheet of the completed schedule. ndividual debtors with primarily consumer debts report this total also on the Statistical Summary of ertain Liabilities and Related ata. heck this box if debtor has no creditors holding unsecured priority claims to report on this Schedule. YPS F PRRY LAMS (heck the appropriate box(es) below if claims in that category are listed on the attached sheets) omestic support obligations laims for domestic support that are owed to or recoverable by a spouse former spouse or child of the debtor or the parent legal guardian or responsible relative of such a child or a governmental unit to whom such a domestic support claim has been assigned to the extent provided in 11.S.. 507(a)(1). xtensions of credit in an involuntary case laims arising in the ordinary course of the debtor's business or financial affairs after the commencement of the case but before the earlier of the appointment of a trustee or the order for relief. 11.S.. 507(a)(3). Wages salaries and commissions Wages salaries and commissions including vacation severance and sick leave pay owing to employees and commissions owing to qualifying independent sales representatives up to $11725* per person earned within 180 days immediately preceding the filing of the original petition or the cessation of business whichever occurred first to the extent provided in 11.S.. 507(a)(4). ontributions to employee benefit plans Money owed to employee benefit plans for services rendered within 180 days immediately preceding the filing of the original petition or the cessation of business whichever occurred first to the extent provided in 11.S.. 507(a)(5). ertain farmers and fishermen laims of certain farmers and fishermen up to $5775* per farmer or fisherman against the debtor as provided in 11.S.. 507(a)(6). eposits by individuals laims of individuals up to $2600* for deposits for the purchase lease or rental of property or services for personal family or household use that were not delivered or provided. 11.S.. 507(a)(7). axes and certain other debts owed to governmental units axes customs duties and penalties owing to federal state and local governmental units as set forth in 11.S.. 507(a)(8). ommitments to maintain the capital of an insured depository institution laims based on commitments to the F R irector of the ffice of hrift Supervision omptroller of the urrency or Board of Governors of the Federal Reserve System or their predecessors or successors to maintain the capital of an insured depository institution. 11.S.. 507 (a)(9). laims for death or personal injury while debtor was intoxicated laims for death or personal injury resulting from the operation of a motor vehicle or vessel while the debtor was intoxicated from using alcohol a drug or another substance. 11.S.. 507(a)(10). * Amount subject to adjustment on 4/01/13 and every three years thereafter with respect to cases commenced on or after the date of adjustment. Software opyright (c) 1996-2010 - Best ase Solutions - vanston L - www.bestcase.com 1 continuation sheets attached ase 10-80830 oc 25 Filed 05/25/10 Page 9 of 17

B6 (fficial Form 6) (4/10) - ont. n re Joseph. Rowand ebtor ase o. 10-80830 SHL - RRS HLG SR PRRY LAMS (ontinuation Sheet) axes and ertain ther ebts wed to Governmental nits YP F PRRY Account o. RR'S AM A MALG ARSS LG ZP A A MBR (See instructions.) mployment Security ommission 700 Wade Avenue P.. Box 26504 Raleigh 27611 B R Husband Wife Joint or ommunity L S H A LAM WAS RR P AM W Q A SRA FR LAM F LAM J G A for notice purposes - AM L PRRY F AY 0.00 AM L PRRY Account o. for notice purposes 0.00 0.00 nternal Revenue Service entralized nsolvency perations P.. Box 21126 Philadelphia PA 19114-0.00 Account o. For otice Purposes 0.00 0.00 epartment of Revenue P.. Box 1168 Raleigh 27640-0.00 Account o. 0.00 0.00 Account o. Sheet 1 of 1 continuation sheets attached to Schedule of reditors Holding nsecured Priority laims Software opyright (c) 1996-2010 - Best ase Solutions - vanston L - www.bestcase.com Subtotal (otal of this page) otal (Report on Summary of Schedules) ase 10-80830 oc 25 Filed 05/25/10 Page 10 of 17 0.00 0.00 0.00 0.00 0.00 0.00

}bk1{schedulef-reditorsholdingnsecuredonprioritylaims}bk{ B6F (fficial Form 6F) (12/07) n re Joseph. Rowand ebtor ase o. 10-80830 SHL F - RRS HLG SR PRRY LAMS State the name mailing address including zip code and last four digits of any account number of all entities holding unsecured claims without priority against the debtor or the property of the debtor as of the date of filing of the petition. he complete account number of any account the debtor has with the creditor is useful to the trustee and the creditor and may be provided if the debtor chooses to do so. f a minor child is a creditor state the child's initials and the name and address of the child's parent or guardian such as "A.B. a minor child by John oe guardian." o not disclose the child's name. See 11.S.. 112 and Fed. R. Bankr. P. 1007(m). o not include claims listed in Schedules and. f all creditors will not fit on this page use the continuation sheet provided. f any entity other than a spouse in a joint case may be jointly liable on a claim place an "" in the column labeled "odebtor" include the entity on the appropriate schedule of creditors and complete Schedule H - odebtors. f a joint petition is filed state whether the husband wife both of them or the marital community may be liable on each claim by placing an "H" "W" "J" or "" in the column labeled "Husband Wife Joint or ommunity." f the claim is contingent place an "" in the column labeled "ontingent." f the claim is unliquidated place an "" in the column labeled "nliquidated." f the claim is disputed place an "" in the column labeled "isputed." (You may need to place an "" in more than one of these three columns.) Report the total of all claims listed on this schedule in the box labeled "otal" on the last sheet of the completed schedule. Report this total also on the Summary of Schedules and if the debtor is an individual with primarily consumer debts report this total also on the Statistical Summary of ertain Liabilities and Related ata. heck this box if debtor has no creditors holding unsecured claims to report on this Schedule F. RR'S AM MALG ARSS LG ZP A A MBR (See instructions above.) B R Husband Wife Joint or ommunity Account o. -2988 used for business apital ne Bank P Box 71083 harlotte 28272 - H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF S SA. G L Q A S P AM F LAM Account o. -4811 used for business 6877.06 hase ardmember Service P Box 15153 Wilmington 19886-5153 - 9060.88 Account o. loan to Studio Frames Ltd. state of Rolf Rosenthal Attn: lizabeth Rosenthal xecutor 31 he Glen Locust Valley Y 11560 Account o. -2425 Sunrust Bank Mastercard used for business FA ard Services P Box 15019 - Wilmington 19886 1 continuation sheets attached - Subtotal (otal of this page) 200000.00 12228.28 228166.22 ase 10-80830 oc 25 Filed 05/25/10 Page 11 of 17 Software opyright (c) 1996-2010 - Best ase Solutions - vanston L - www.bestcase.com S/:20666-100426

B6F (fficial Form 6F) (12/07) - ont. n re Joseph. Rowand ebtor ase o. 10-80830 SHL F - RRS HLG SR PRRY LAMS (ontinuation Sheet) RR'S AM MALG ARSS LG ZP A A MBR (See instructions above.) B R Husband Wife Joint or ommunity Account o. -5192 Sunrust VSA used for business Sunrust Bank P Box 791250 Baltimore M 21279 - H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF S SA. G L Q A S P AM F LAM Account o. 08801130004217195 verdraft credit line 9108.30 Sunrust Bank P Box 79282 Baltimore M 21279-0282 - 1.00 Account o. guaranty of business lease accrued rent Venable enant LL c/o erri L. Gardner 4140 Parklake Avenue Raleigh 27612 Account o. - 275000.00 Account o. Sheet no. 1 of 1 sheets attached to Schedule of reditors Holding nsecured onpriority laims Subtotal (otal of this page) otal (Report on Summary of Schedules) 284109.30 512275.52 ase 10-80830 oc 25 Filed 05/25/10 Page 12 of 17 Software opyright (c) 1996-2010 - Best ase Solutions - vanston L - www.bestcase.com

}bk1{scheduleg-xecutoryontractsandnexpiredleases}bk{ B6G (fficial Form 6G) (12/07) n re Joseph. Rowand ebtor ase o. 10-80830 SHL G - RY RAS A PR LASS escribe all executory contracts of any nature and all unexpired leases of real or personal property. nclude any timeshare interests. State nature of debtor's interest in contract i.e. "Purchaser" "Agent" etc. State whether debtor is the lessor or lessee of a lease. Provide the names and complete mailing addresses of all other parties to each lease or contract described. f a minor child is a party to one of the leases or contracts state the child's initials and the name and address of the child's parent or guardian such as "A.B. a minor child by John oe guardian." o not disclose the child's name. See 11.S.. 112 and Fed. R. Bankr. P. 1007(m). heck this box if debtor has no executory contracts or unexpired leases. ame and Mailing Address ncluding Zip ode of ther Parties to Lease or ontract escription of ontract or Lease and ature of ebtor's nterest. State whether lease is for nonresidential real property. State contract number of any government contract. Ford Motor redit P.. Box 220564 Pittsburgh PA 15257 Vehicle lease term ended post-petition and vehicle turned in; may have mileage/usage charges due. 0 continuation sheets attached to Schedule of xecutory ontracts and nexpired Leases ase 10-80830 oc 25 Filed 05/25/10 Page 13 of 17 Software opyright (c) 1996-2010 - Best ase Solutions - vanston L - www.bestcase.com

}bk1{scheduleh-odebtors}bk{ B6H (fficial Form 6H) (12/07) n re Joseph. Rowand ebtor ase o. 10-80830 Provide the information requested concerning any person or entity other than a spouse in a joint case that is also liable on any debts listed by debtor in the schedules of creditors. nclude all guarantors and co-signers. f the debtor resides or resided in a community property state commonwealth or territory (including Alaska Arizona alifornia daho Louisiana evada ew Mexico Puerto Rico exas Washington or Wisconsin) within the eight year period immediately preceding the commencement of the case identify the name of the debtor's spouse and of any former spouse who resides or resided with the debtor in the community property state commonwealth or territory. nclude all names used by the nondebtor spouse during the eight years immediately preceding the commencement of this case. f a minor child is a codebtor or a creditor state the child's initials and the name and address of the child's parent or guardian such as "A.B. a minor child by John oe guardian." o not disclose the child's name. See 11.S.. 112 and Fed. R. Bankr. P. 1007(m). heck this box if debtor has no codebtors. AM A ARSS F BR SHL H - BRS AM A ARSS F RR Studio Frames Ltd. d/b/a Somerhill Gallery 303 S. Roxboro Street urham 27701 Studio Frames Ltd. d/b/a Somerhill Gallery 303 S. Roxboro Street urham 27701 Studio Frames Ltd. d/b/a Somerhill Gallery 303 S. Roxboro Street urham 27701 Studio Frames Ltd. d/b/a Somerhill Gallery 303 S. Roxboro Street urham 27701 Studio Frames Ltd. d/b/a Somerhill Gallery 303 S. Roxboro Street urham 27701 Studio Frames Ltd. c/o Richard M. Hutson P rawer 2252-A urham 27702 Sunrust Bank P Box 791250 Baltimore M 21279 Venable enant LL c/o erri L. Gardner 4140 Parklake Avenue Raleigh 27612 FA ard Services P Box 15019 Wilmington 19886 hase ardmember Service P Box 15153 Wilmington 19886-5153 apital ne Bank P Box 71083 harlotte 28272 state of Rolf Rosenthal Attn: lizabeth Rosenthal xecutor 31 he Glen Locust Valley Y 11560 0 continuation sheets attached to Schedule of odebtors ase 10-80830 oc 25 Filed 05/25/10 Page 14 of 17 Software opyright (c) 1996-2010 - Best ase Solutions - vanston L - www.bestcase.com

B6 (fficial Form 6) (12/07) n re Joseph. Rowand ase o. 10-80830 ebtor(s) SHL - RR M F VAL BR(S) he column labeled "Spouse" must be completed in all cases filed by joint debtors and by every married debtor whether or not a joint petition is filed unless the spouses are separated and a joint petition is not filed. o not state the name of any minor child. he average monthly income calculated on this form may differ from the current monthly income calculated on Form 22A 22B or 22. ebtor's Marital Status: PS F BR A SPS RLASHP(S): AG(S): Single one. mployment: BR SPS ccupation President ame of mployer Studio Frames Ltd. How long employed since inception Address of mployer d/b/a Somerhill Gallery 303 S. Roxboro Street urham 27701 M: (stimate of average or projected monthly income at time case filed) BR SPS 1. Monthly gross wages salary and commissions (Prorate if not paid monthly) $ 15586.00 $ /A 2. stimate monthly overtime $ 0.00 $ /A 3. SBAL $ 15586.00 $ /A 4. LSS PAYRLL S a. Payroll taxes and social security $ 5178.00 $ /A b. nsurance $ 0.00 $ /A c. nion dues $ 0.00 $ /A d. ther (Specify): $ 0.00 $ /A $ 0.00 $ /A 5. SBAL F PAYRLL S $ 5178.00 $ /A 6. AL MHLY AK HM PAY $ 10408.00 $ /A 7. Regular income from operation of business or profession or farm (Attach detailed statement) $ 0.00 $ /A 8. ncome from real property $ 900.00 $ /A 9. nterest and dividends $ 0.00 $ /A 10. Alimony maintenance or support payments payable to the debtor for the debtor's use or that of dependents listed above $ 0.00 $ /A 11. Social security or government assistance (Specify): social security $ 2063.00 $ /A $ 0.00 $ /A 12. Pension or retirement income $ 0.00 $ /A 13. ther monthly income (Specify): $ 0.00 $ /A $ 0.00 $ /A 14. SBAL F LS 7 HRGH 13 $ 2963.00 $ /A 15. AVRAG MHLY M (Add amounts shown on lines 6 and 14) $ 13371.00 $ /A 16. MB AVRAG MHLY M: (ombine column totals from line 15) $ 13371.00 (Report also on Summary of Schedules and if applicable on Statistical Summary of ertain Liabilities and Related ata) 17. escribe any increase or decrease in income reasonably anticipated to occur within the year following the filing of this document: ncome from Studio esigns is uncertain due to pending hapter 11 proceeding. ase 10-80830 oc 25 Filed 05/25/10 Page 15 of 17

B6J (fficial Form 6J) (12/07) n re Joseph. Rowand ase o. 10-80830 ebtor(s) SHL J - RR PRS F VAL BR(S) omplete this schedule by estimating the average or projected monthly expenses of the debtor and the debtor's family at time case filed. Prorate any payments made bi-weekly quarterly semi-annually or annually to show monthly rate. he average monthly expenses calculated on this form may differ from the deductions from income allowed on Form 22A or 22. heck this box if a joint petition is filed and debtor's spouse maintains a separate household. omplete a separate schedule of expenditures labeled "Spouse." 1. Rent or home mortgage payment (include lot rented for mobile home) $ 5325.00 a. Are real estate taxes included? Yes o b. s property insurance included? Yes o 2. tilities: a. lectricity and heating fuel $ 1775.00 b. Water and sewer $ 45.00 c. elephone $ 108.00 d. ther maintenance trash removal etc. $ 500.00 3. Home maintenance (repairs and upkeep) $ 100.00 4. Food $ 200.00 5. lothing $ 125.00 6. Laundry and dry cleaning $ 100.00 7. Medical and dental expenses $ 200.00 8. ransportation (not including car payments) $ 480.00 9. Recreation clubs and entertainment newspapers magazines etc. $ 75.00 10. haritable contributions $ 0.00 11. nsurance (not deducted from wages or included in home mortgage payments) a. Homeowner's or renter's $ 0.00 b. Life $ 0.00 c. Health $ 0.00 d. Auto $ 0.00 e. ther $ 0.00 12. axes (not deducted from wages or included in home mortgage payments) (Specify) $ 0.00 13. nstallment payments: (n chapter 11 12 and 13 cases do not list payments to be included in the plan) a. Auto $ 0.00 b. ther Purchase money mortgage $ 2735.00 c. ther $ 0.00 14. Alimony maintenance and support paid to others $ 0.00 15. Payments for support of additional dependents not living at your home $ 0.00 16. Regular expenses from operation of business profession or farm (attach detailed statement) $ 0.00 17. ther $ 0.00 ther $ 0.00 18. AVRAG MHLY PSS (otal lines 1-17. Report also on Summary of Schedules and if applicable on the Statistical Summary of ertain Liabilities and Related ata.) 19. escribe any increase or decrease in expenditures reasonably anticipated to occur within the year following the filing of this document: $ 11768.00 20. SAM F MHLY M a. Average monthly income from Line 15 of Schedule $ 13371.00 b. Average monthly expenses from Line 18 above $ 11768.00 c. Monthly net income (a. minus b.) $ 1603.00 ase 10-80830 oc 25 Filed 05/25/10 Page 16 of 17

B6 eclaration (fficial Form 6 - eclaration). (12/07) nited States Bankruptcy ourt Middle istrict of orth arolina n re Joseph. Rowand ase o. 10-80830 ebtor(s) hapter 11 LARA RG BR'S SHLS LARA R PALY F PRJRY BY VAL BR declare under penalty of perjury that have read the foregoing summary and schedules consisting of 19 sheets and that they are true and correct to the best of my knowledge information and belief. ate May 24 2010 Signature /s/ Joseph. Rowand Joseph. Rowand ebtor Penalty for making a false statement or concealing property: Fine of up to $500000 or imprisonment for up to 5 years or both. 18.S.. 152 and 3571. Software opyright (c) 1996-2010 Best ase Solutions - vanston L - bestcase.com ase 10-80830 oc 25 Filed 05/25/10 Page 17 of 17