DS9 Document EFTA01084292

APO 2 PROJECTED CASH FLOWS CASH 10/31/2014 FY 2014 NOV BFP DISTRIB 11/21/2014 DEC FY 2015 JAN FY 2015 FEB BFP DISTRIB 2/28/2015 FY 2015 MAR FY 2015 APRIL BFP DISTRIB 4/15/2015 FY 2015 MAY BFP DISTRIB 5/7/2014 TOTAL CASH BOFA 6,121,026 CASH JP MORGAN 175,216 INFLOWS BFP - APO DISTRIBUTION 8,494,141 8,494,141 8,145,066 6,561,764 4,887,040 SALE OF WARREN ST 4,000,000 QUADRANGLE DISTRIB 1,381,087 1,381,087 MONTHLY DISBURSEMENTS ARTSPACE - (100,000) (100,000) (500,000) (250,000) (200,000) (325,000) PHAIDON PRESS 85.075% (3,062,700) (1,020,900) (4,083,600) REGAN ARTS 85.075% (381,561) (391,310) (772,871) (299,003) (308,751) (308,751) (318,500) (318,500) SH MEADOW - CONSTRUCTION (500,000) (500,000) (500,000) (500,000) (500,000) (500,000) (500,000) SH MEADOW - REAL ESTATE TAX (160,000) MIAMI PROPERTY ACQUISITION USE TAX (102,000) NET CASH BY MONTH 6,430,967 (2,012,210) (1,299,003) 11,086,315 (1,008,751) 5,316,264 3,908,540 CASH BALANCE 6,296,242 12,727,209 10,714,999 9,415,996 20,502,311 19,493,559 24,809,823 28,718,364 4,418,757 LINE WILL BE USED BY PHAIDON PRESS AND REPAYMENTS WILL BE SUBJECT TO DRAW - MAX GBP 3MM Page 1 of 2 EFTA01084292 APO 2 PROJECTED CASH FLOW FY 2015 JUN FY 2015 JULY FY 2015 AUG BFP DISTRIB 8/7/2014 FY 2015 SEP FY 2015 OCT FY 2015 NOV BFP DISTRIB 11/7/2014 FY 2015 DEC TOTAL CASH CASH INFLOWS BFP - APO DISTRIBUTION 4,887,040 4,887,040 29,367,949 SALE OF WARREN ST 4,000,000 QUADRANGLE DISTRIB MONTHLY DISBURSEMENTS ARTSPACE (300,000) (400,000) (150,000) (500,000) (100,000) (100,000) (125,000) (2,450,000) PHAIDON PRESS (1,225,080) (1,225,080) REGAN ARTS (318,500) (318,500) (318,500) (318,500) (318,500) (318,500) (318,500) (3,483,998) SH MEADOW - CONSTRUCTIOt, (500,000) (500,000) (500,000) (500,000) (500,000) (500,000) (500,000) (5,500,000) SH MEADOW - REAL ESTATE T./ (160,000) (320,000) MIAMI PROPERTY ACQUISITIOI (8,000,000) (8,000,000) USE TAX (102,000) NET CASH BY MONTH (1,118,500) (1,218,500) 3,918,540 (1,318,500) (918,500) 3,968,540 (10,328,580) CASH BALANCE 27,599,864 26,381,365 30,299,905 28,981,405 28,062,906 32,031,446 21,702,867 12,286,871 LINE WILL BE USED BY PHAIDI Page 2 of 2 EFTA01084293