OUTSTANDING INTRA-FAMILY NOTES - SUMMARY

OUTSTANDING INTRA-FAMILY NOTES - SUMMARY a/o 11/6/15 BORROWER LENDER MATURITY RATE PRINCIPAL Leon Black Black Family Partners Var Var 42,000,000 Leon Black APO1 Agmt 8/14/22 1.63% 1.676.396.684 Leon Black LDB 2011 LLC 10/2/17 0.38% 2,903,392 1,721,300,076 APO1 Agmt BEB 2011 Trust 6/30/23 1.91% 13,010,977 APO1 Agmt JMB 2011 Trust 6/30/23 1.91% 23,000,000 APO1 Agmt ASB 2011 Trust 6/30/23 1.91% 23.000.000 APO1 Agmt VRB 2011 Trust 6/30/23 1.91% 23.000.000 82,010,977 APO2 Decl LBF Holdings Var Var 78,939,855 97 GST Exempt APO2 Decl 11/23/17 0.39% 44,780 Benjamin Black APOI Agmt 10/15/23 1.85% 1,500,000 BEB 2011 Trust LDB 2011 LLC 12/15/16 0.25% 3.327,367 JMB 2011 Trust LDB 2011 LLC 12/15/16 0.25% 6,038,108 9,365,475 PLB LLC Black Family Partners Var Var 3,207,416 Phaidon Global Black Family Partners 9/30/19 LIBOR +2% 7,388,907 Phaidon Global APOI Agmt Var Var 13,351,000 20,739,907 Phaidon Press Limited Phaidon Global Var LIBOR +2% 8.068,868 Phaidon Press Limited Phaidon Global REVOLVER LIBOR +2% 4,551,442 12,620,310 Artspace ARSP LLC Var LIBOR +2.5% 2,676,000 1,932,404,796 • Similar notes exist between: APO2 Decl / PASI LLC PASI LLC / AS Holdings Ltd AS Holdings Ltd / ARSP LLC Notes can be offset (LDB 2011 LLC is 100% owned by APOI ) Notes can be offset (LDB 2011 LLC is 100% owned by APOI ) Notes will be extinguished by Decanting (lender/borrower merge) EFTA00594107