BLACK ASSET SUMMARY

BLACK ASSET SUMMARY SEPTEMBER 30. 2014 ASSETS CASH APO 2 TRUST + SLACK FAMILY LEON& DEBRA TOTAL (DB 2014 LLC + BLACK FAMILY NOR PARTNERS BLACK • TRUSTS 2011 TRUSTS GST TRUSTS APO I TRUST GRAYS TOTAL U,S. TRUST JP MORGAN CASH IN PHAICON GLOBAL I PM 03169.948 35.506.607 1.766.394 17.901.573 1.209 21.179.354 8,304.134 1,207.632 5.875.476 1.383.407 0.014.471 11.787.414 66.643.323 134224 8.161910 1).9)2.101 • 1.027.388 180,244 1201841 11936.342 53.409.389 30691.120 5.875.476 1451.019 16.364,625 11.787.414 115224.265 BLACK FAMILY PARTNERS. LP 226505.647 559228.801 203.305241 355.923560 • 2.049227.156 ACC RELATED ITEM& BRH HOLDINGS. LP (45.9511 • $23134: 92.727.1E6SH: 2210615,637 2,210,611637 CONTNGENT RECEIVABLE FROM AFFILLATE 322022.716 322.022.716 FINANCIAL IMMINENTS MARKETABLE SECURMES 1.692.175 0.419.024 3,165,603 116.843 3,048,760 13276.941 APOLLO RELATED INVESTMENTS 70042.348 20.510.553 35,259.265 • 15.259,265 120.812.166 OTHER PRNATE EQUITY/DEBT & RESTRICTED Stt 65,055.786 5,231.930 85537.488 72.443.084 14,094,403 156.825.203 WEST/ENT PARTNERSHIPS 91221.719 60.671 12.887.128 12.423.164 463.944 111.169,518 235,012.027 34222.317 137.849.484 84.983.111 52.866.373 407.083,828 FINE ART ANO TANNIN( INVESTMENTS MT BRONZES- CHINESE 331.911.031 • 33197/.031 PAT . BRCNZES. SOUTHEAST ASH 23.850.000 23251000 PAT - ENE NOTE 2 10.62.391.307 611.621.055 356.733289 254,887.168 2,294012,362 PAT • RARE BOOKS & MAMUSCRPTS 76.4830.50 76.4830.50 JEWELRY 47.626.533 470.26.533 3.152.322.121 611.821.036 356.733.889 24.887.166 2.773.943.776 PLANES. BOATS & AUTOS AVIONETA 10.34.1)0035 LLC (PLANE ) NOTE 3 16000.000 16,000.000 HMV MARINE LTD. (STAFIRRE) NOTE 3 26000.000 23000.000 AUTOMOBILES NOTE 3 373536 373.536 REAL ESTATE RESIDENCE - 760 PARK AVE. NYC 29.000.000 • 29.000.000 RESIDENCE - 750 PAR( AVE. NYC 1.000.000 • 1.000.000 RESIDENCE - TOWNHOUSE 16.720.733 34.073.680 34073530 50.794.413 RESIDENCE - 190,200 NARROW& BEDFORD 30.000.000 30.000.000 RESIDENCE - 73N 766 MEADOW LANE. SH 60.000.000 • . 54.000.000 RESIDENCE - 715 MEADOW LANE. SH - 8,300.000 8.300.000 83000.00 RESIDENCE - PARADISE VALLEY. AZ 2000.000 . 2/301000 RESIDENCE • FL 00100 - 11500.000 16,500.000 16500.000 RESIDENCE • 101 WARREN STREET. NYC - 3.500.500 3500.500 • 1500,500 120.720.731 62374.180 28100.500 34.073.680 191.094.913 TANGIBLE PERSONAL PROPERTY HOUSEHOLD PROPERTY NOTE 4 23.114.426 23.124.425 OTHER PERSONAL ITEMS 536.0® 536.000 OTHER PRIVATE INVESTNENTS & INSURANCE ORB PRODUCTIONS. INC. NOTES 562.235 562,236 LIFE INSURANCE • CSV NOTE 6 19.438.482 19.438,482 OTHER ASSETS HERITAGE RECEIVABLE 3.407.336 1407.335 TOTAL ASSETS 2831091,804 4.162528.714 3302341.354 343.969.433 834.392.079 2,123,979.642 2.062024.331 9.526.894.398 LIABILITIES THIRD PARTY UABLITIES LOAN PAYABLE.BOFA (ART) NOTE 7 (470.000.060) (470.000.0001 LOAN PAYABLE.BOFA (AW3NETA) NOTE 7 421.475.00W 1210.70.0001 LOON PAYABLE.BOFA (WAV) NOTE 7 (17.517.500) . . 117317.5001 ACCOUNTS PAYABLE asae.ses) 41.358.513) 1102.796) (1255.7171 (5265002) BALANCE PAYABLE - FL CONDO (0.250.000) (1250.000) (8250.000) (512299.060) (1608.513) (8.352.796) (1255.7171 (524507,6021 NET INTRA FAMILY I TRUST REGPAY 45097.747 (247.567.754) 1,672,202.106 125,390209 (91,5680.06) (.638.37(203 (2.176259.143) (01 TOTAL LIABILITIES (2,231349,8711 (237.983.1211 (9.398.401) (99,912202) (120,672,5121 (2177,168.9041 (3.9391 740.621 NET WORTH 2.836.091 804 I 931 178 843 3 064 358 231 334 571 026 734 479.877 I 995,307130 015,144 5731 5 587519 546 COMMITMENTS • CHARITABLE. CASH NOTE 9 90.765.258 • Rawls Hum ow naulmoi AF Vow. ELM TWA.. Nanows Holdap U.C. NT 42 COMMITMENTS • PRIVATE EOUITY FUNDS NOTE 10 111072.5195 •• Rams azas an:HAMA' of OEN LLC. EN 1.4OatKve LLC COMMITMENTS • CHARITABLE . ART NOTE 11 16.269.293 ••• 400 Itir:OROCIal roneuovuwemn 10502011 EFTA01203239 BLACK ASSET SUMMARY SEPTEMBER 30. 2014 NOTES TO BLACK ASSET SUMMARY NOTE 3.. GRAT ANNUMES RECEIVABLE MO 931,14 • 323.84 APO Incited % 9102014 MSI Moony Readvabie Gross Receivable Droned Revenue POI PRAT No. 1 (10129131. $34.14 292163% 619.526.737 638.0321345 17.306.108 POI ORAT NO. 2 (1214,13) - 129.72 28.1004% 514.08%288 526.077.609 11.992223 *POI GRAT No.3 (lutr13) . 03228 42897% 99.680386 102.23%705 2.584319 *POI GRAT No.4 (60613) • $25.17 45197% 87.740451 90.001.558 2,252107 POI GMT No.4 (14/13) • 32138 61460% 140000000 152,024,115 3.1124,115 1.470.041860 1.507.974%32 37.932172 NOTE 2: FIVE ART Incknktel a, tonai are wield Hems 01 tare books and bronzes NOTE 3: PLANES. BOATS & AUTOS Gullstream V 178 Fl Bement MY 36 FL Mickley Pcmc Boal Model Type Model Year Purchase Dale Purchase Price 0302014 MM. Value 2002 2011 28.100000 18.000000 1997 2011 21.150.040 28.000.0W 1995 2011 Year Purclall• Price Value • Date Bark Appraisal MIL Value (1) Insurance Crowder Sthotedo LS 1500 pciwp Pick Up Tosek 2011 2010 32.005 11.344 14,053 Cheinciet Save/ado 2600 Pckup Pick Up Ruck 2012 2012 44.502 16.591 45.270 Mercede* Bent 5600 Lunn Sedan 2004 2004 122200 8%41 13.337 MerCede* BEM 560 SL 2Ch• (21 Lunn 51/008 CV 1960 1989 64230 4250 15.960 Orwyclet Tahoe ItIr LT SOWS 1.1109 Vent% 2012 2012 50227 31.106 55.677 Mercedes 5600 Sedan 2013 2013 180266 109047 180000 P350 Sports Utley %/Mete 2012 2011 56.314 32934 53,000 Mercedes Handa Pate Sports Mitt Ventre 2009 2009 32.117 15438 19,945 Elealoy Ccrocantal GT (21 Wary Sedan 2007 2007 228.450 93.286 1013575 Subsu Fotosior Sports Linty Venter 2015 2014 27305 27.385 HMIs Pitt SPOrts Ugly YORK, 2013 2013 33272 22.714 33.472 Mtn nata ol ton Black celin/10 LLC (el Undated per KBB IOCtOber 2014) unleSS ocnenise noted 1'01 NO Ora n Kely BLe B,ol , used bid 100000 value NOTE 4: TANGIBLE PERSONAL PROPERTY HOUSEHOLD PROPERTY Values per Sotto:lays Appraisal less 40%chuotte Includes hovienold property to 760 Pa* Ave and Beclord residences NOTE S: DRB PRODUCTIONS. NC. Res:gowns CaSh held by DRB PrOduC1011. Inc NOTE 6: LIFE INSURANCE • CSV Secodt0Oe death Dentin $100.010.000 NOTE 7: BANK LOANS: BOFA TERMS Knows • M: IIA LIBOR • 125 bps. Oa May 31. 2015 Aykineta • Rance IM LIBOR • 172 bps.due Sepierriacr 5.2016 SLAV Marine Ltd - Boat: Wag U13OR •105bps.due December 1.2018 NOTE 9: COMMITMENTS • CHARITABLE • CASH Leon Black BMOC* 2014 2015 2018 2017 2018 Mecum of Modem An 25.000.000 5.000000 5.000.000 5.000.000 5.000000 5.000.000 Commute Visual Ms Caller' 1%929.428 6300523 6.309.523 6.310232 Massacesasetts %same of Technology NEW • Posi 53O14 11.000.000 11.004000 • • Harvard Unnasey NEW • Posi 93O'14 10.000.000 • 10.00%000 Rotketeler Unheraity II) NEW - Peel 930:14 8000.000 - 2.000000 2.000000 2.000000 2000.000 Melanoma Research Marce 9.500.000 3.000000 3.500000 3.000000 Dartmomill Elie M EnEk Prolesecusrip in Jewish SOAK " 1.560.030 320030 310.000 310.030 310.000 310.000 WPC 750.000 250000 250.000 254000 AEIF 750.000 • 250.000 260.000 260.000 Oartrronn Colego Furel — 500.000 104000 100.000 100.000 100.000 100.000 Oartrcum Pronamrs House Renovation 200.000 104000 100.000 World Jemsh Congress 200.000 54000 50.000 60.000 50.000 Non, Shore LIJ 125.000 125000 partnlOulel Jewish Sludet Speekerti Program — 150.000 30.000 30000 30000 30.000 30.040 Lincoln Center Theater 100.0W 50000 50.000 Subtotal 86.765.258 28.033353 27.949523 17.350.382 7.990.000 7.440.000 - Dartnquth provided scrieMe reams no 2010 payment Ice VAC: redactedin2016 store .. NMPledge annual IOMFOLIPayont awns,e run ate is ppl0emaley $310.000 pet year "' Non-Pledge annual 100Jrrilci payment (II COMINIMert 01 SI Ofrin.32111111 paid Occter 2014 Leon Slack Family Foundallon. Mc. ElidIVID41 Israel FOteldatiOrl 1.500.000 500000 500000 500.000 Canton FOtadation NEW . Peel 03O'14 1000.000 250000 250000 250000 250%00 Harlem Wag* Academes 3030.040 250.000 254000 250.000 250.000 Tony Bar Fouldabon 121 500,000 500,000 - Subtotal 4.000.000 1.600.000 1.000000 1.000000 500.000 (2131MM OOMMIIMOnt April 2013 twee 3 years Total 90.765.293 TOTAL: 3373.638 $584.086 Assunclions: 10000 Mee per Year Traded late seder 10/30/2014 EFTA01203240 APO2 TRUST • BLACK FAMILY GROUP TOTAL Leon B Data LDB 2014 LLC BLACK FAMILY Mak Family Made 2011 TRUSTS OST TRUST" APO 1 TRUST GRATS ParIMm SEPTEMBER 30. 2014 FINANCIAL INVESTMENTS MARKETABLE SECURMES VECTOR GROUP LTD 4.506.457 3543632 962.825 Dosing Pncc UNITED RENTALS NC 2.163.450 2.163.450 00308; Pncc K12 INC 1.692.175 1.692.175 Closing Pncc KROGER CO 1.179.568 1.179.568 Closing Price REPUBLIC SERVICES INC. 880.115 884.115 Closing Pnce WYNDHAM WORLDWIDE CORP 796.348 796.348 Closing Pnce REGIS CORPORATION 506.762 506.762 [bung Pnce UNITED TECIt4OLOGES CORP 422.400 422400 [bung Pncc AVIS BUDGET GROUP NC 268.961 268.961 Dosing Voce BP PLC SPCNSERED ADR 223.881 225881 • Casing Price LADEM3URG THALMANN FNL SVCS 166.022 104.847 61.175 03ing P n cc SYMANTEC CORPORATION 70.765 70.765 o:ing Pnce INTERNATIONAL BUSINESS 60.746 60.748 0:136 Pncc P1111 CORP 54.782 54.782 0:136 Pncc MAX CORP 31751 33.751 0:138 Pncc WALT DISNEY CO 32051 32.051 0:138 Pncc HERSHEY COMPANY 30.538 30.538 o:ing Pncc EXXON MOBIL CORP 30.096 30.098 o:ing Pncc ALCATELtUCENT 29.427 29.427 03ing Pncc COCA COLA COIAPANY 20.477 20.477 ostng Pncc BOENG CO 20.381 • 20.381 ostng Pncc PHLIP MORRIS NTERNATIONAL 20.016 20.018 ostng Pncc MICROSEKII CORP 16644 16.644 ostng Pncc ALTRIA GROUP NC. 11.026 11626 ostng Pncc TWENTY FIRST CENTURY FOX CL B 10.659 10.659 ostin Pncc TWENTY FIRST CENTURY FOX CL A 6858 6.858 0:138 Pncc MONDELEZ NTERNATCNAL INC 5619 5.619 0:138 Pncc SCLIGENIX INC 4.768 4.768 o:ing Pn cc KRAFT FOODS GROUP INC 3.046 3.046 o:ing Pn cc MAGNETEK NC. 2441 2441 ostin P n cc NEW CORPORATION CL B 1290 1290 0:138 Pncc NEW CORPORATION CL A 818 818 0:138 Pncc AFP IMAGING CORP 597 597 03138 Pncc CELL THERAPEUTICS INC 7 7 eosins Pnco TOTAL MARKETABLE SECURITIES 13276.941 8.419.163 116.843 3.048.760 1.692.175 APOLLO RELATED NVIESTMENTS APOLLO VIF CaltNESTORS LLC 8.134.348 8.134.348 8/31/14 Capital Account 4/. cash APOLLO SOMA CO INVESTORS LLC 3.148.095 3.148.095 8/31/14 Capital Account •/. cash SUBTOTAL HEDGE FUNDS 11282.443 11.282.443 20.496 133 AP ALTERNATIVE ASSETS LP (AAA-AS)- $31.14 21.379.572 883.442 Dosing Price APOLLO NVESIMENT CORP (ANY) - $8.17 10646.329 5.914.655 4.931.673 Dosing Price SUBTOTAL PUBLIC 32225.900 20.496.130 5.914.655 5.815.115 8190209 EFTA01203241 BLACK FAMILY GROUP SEPTEMBER 30.2010 TOTAL Leen& Data Blade LDB 2014 LLC 4 2011 TRUSTS APO 2 TRUST • BLACK FAMILY GST TRUST" APO I TRUST GRATS Bladt Family PRIM/ft FINANCIAL INVESTMENTS APOLLO CCHNVESTORS VI (A) LLC 28215.59 - - - 28215.592 6/10/14 Capital Account ../. cash FCI CONVESTORS I (A) LP 1828840 - - 18.288A08 - - 6/30/14 Capital Account ../. cash APOLLO CREDIT OPP. I LP 11.077.97 - - I 11.077.978 - 6/30/14 CapItalAccount ../. cash ATHENE HOLDING LIMITED 10.40000 - - - - 10.400.000 Initial funding FCI CONVESTORS II (A) LP 8.01825 - - - - 11218.569 6/30/14 Capital Account ../. cash APOLLO CONVESTORS VI II- LLC 4,78868 - - - - 4.785299 2013 K.1 (Taxi 1.1. cash APOLLO CONVESTORS V. LLC 3.080.80 - - - - 1080208 6/30/14 Capital Account •1-cash APOLLO CONVESTORS IV. LLC 484.12 - - - I - - 484.127 600/14 Capital Account ../. cad. APOLLO NVESTAENT FUND LP 929 9.870 - - 1 225 - - Financial statements 12/31/11 APOLLO ADVISORS LP 4,75 4.751 - - - 2013114 (Taxi 1.1. cash AF II LP 1 - 1 - - Urn net watts per 20LINS APOLLO CAPITAL MANAGEMENT INC. 1 - - - - No caged section on K-1 APOLLO INVESTMENT FUND VI LP - - - 1 201311.1 (Taxi .1. cash APOLLO OVERSEAS VI LP - - - 1 201311.1 (Taxi .1. cash APOLLO OVERSEAS VI GERMANY LP - - - 1 201311.1 (Taxi V. cash APOLLO OVERSEAS VI DELAWARE LP - - - 1 2013 11.1 (Taxi V. cash APOLLO OVERSEAS VI DEL 892 LP - - - - 1 2013 11.1 (Taxi V. cash AF VI(LS AN) LP - - - - 29244.810 II : 1 1 52944.790 2013 11.1 (Taal V. cash 2013K-1 (Taxi V. cash AF VI EURO HOLDNGS LP - SUBTOTAL OTHER INVESTMENT/PE FUNDS 82.30322 I 14.423 I - 20,510,553 II - - 35,259,285 - 70,042.348 TOTAL APOLLO RELATED NVESTIENTS 125,812467 if OTHER PRIVATE EQUITY/DEBT 8 RESTRICTED STOCK I I I I i I PRIVATE EMMY - NON APOLLO SUSTANABLE WOOOLANDS FUND 5 LP 18.97127911 I - - - 18971279 6/30/14 Capital Account V. cash HAO CAPITAL FUND LP 3.327.9941 - - - - 3,327.994 6/30/14 Kai Account V.ctsh WCLFENSOHN CAPITAL PARTNERS LP 2205.5881 - - - 2205.588 6/30/14 Capital Account V.ctsh DUNE REAL ESTATE FUND LP 1.906.829 I - - 1.908.829 - - 6/30/14 Capital Account...bash QUADRANGLE CP FSHOR CAPITAL PARTNERS IILP 1.8812141 - - 1.881.214 - - 6110/14 Capital Account./-ad. SEARCHLIGHT CAPITAL LP 798.5951 - - 796595 - 6130/14 Capital Account V. cash TENFORE HOLDINGS FUND I LP 705.841 - - - - 705.641 6130/14 Capital Account ../. cash OUADRANGLE A CAPITAL PARTNERS II LP 382.399 - - 382.399 - . 6110/14 Capital Account V. mit OUADRANGLE CAPITAL PARTNERS IILP 278.055 I - - 278.055 I - - . 6130/14 Capital Account V. cadt OUADRANGLE CAPITAL PARTNERS LP 271.408 I - - 271.408 - 6/30/14 Capital Account V cash SEARCHU3NT CAPITAL AN UP 229.7471 - - 229.747 - WNW Capital Account 4 cash QUADRANGLE (ACCESS) CAPITAL PARTNERS LP 125.977 H - - 195.977 - WA/1a Capital Account *bash MARKSTONE CAPITAL PARTNERS LP 125119 - 125.119 - - 2013K-1 V. cash - - 6/30/14 hold Account V.cash QUADRANGLE CAP PARTNERS NIP 107.488 - 107.488 - PEGASUS PARTNERS LP 8.534 8.534 I - - - 1 - 201311.1 V. cash WCPAN.19 8.153 - - 8.153 6/20/14 Capital Account ../.cadt QUADRANGLE (OFFSHORE) CAPITAL PARTNERS LP - - - - - 600/14 Capital Account ../. cash SUBTOTAL PE FUNDS I 31.130214 I I 85341 - 4.479,102 1.425.725 - 25218.853 KNOWLEDGE UNIVERSE EDUCATION. LP 34.030.918 I I - - - - 34.039.918 )1 of2013M TRUCKAST LLC 1225.078 II - - - 1225.078 201311.1 V. cash 978 WWISCR RESTAURANT LLC 250.000 II 25o.acio I - - - - - Cast of finding RALLY LABS LLC 1811.015 II - - - - 188.015 201311.1 V. cash HAMLET HOLDINGS LLC 1 H I ' - - - - 201311.1 V. cash • RESTAURANT ADVISORS LLC 1 1 - - - I - 2013K-102cl V. cash • SUBTOTAL OTHER PE 35 703.013 250,002 - - - 35.453.011 SUBTOTAL 88233227 258.538 - 4.479 102 1228725 - 80289284 III Catrisocl olKnotobsga Uwe Ed. LP Ita4.008.87al A KU Managamanl Inc. IMMIR8 taamela EFTA01203242 BLACK FAMILY GROUP TOTAL IAMB Dein SIMS' LOB 2014 LLC • 2011 TRUSTS APO2 TRUST • BLACK FAMILY OST TRUST" APO I TRUST GRATS Bbdt Family Parlian SEPTEMBER 30.2010 FINANCIAL INVESTMENTS PRIVATE EQUITY- REAL ESTATE 8 FORMER APOLLO AP CAPITAL PROP CO LLC 857.340 857.340 - 20135.1 (Taxi II. cash 851.896 - - - 20138.1 ../. cash ARES EUROPEAN RE ADVISORS 1 LP 851.696 APOLLO POUND RE ADVISORS LIZ 785855 785.855 - - - 3013844k cash AREIF V CCHNVESTORS LLC 780414 780.814 - - - 3013844k cash AREIF IV CO-NVESTORS LLC 755.4135 - - 71.029 - 3013844k cash APOLLO NTL RE CCHNVESTORS LLC 263320 263.720 - - 3013844k cash 107 PORTFOLIO IP 178.445 176445 - - - 301384 iTax et. cash APOLLO RE ADVISORS IV LP 109.532 - - 109.532 - 301154 4/. cash APOLLO RE ADVISORS III LP 56743 - - 58.743 - 301384 .4. Cash APOLLO RE MEZZANNE ADVISORS LP 54.819 54.819 - - - 30138.14h cash AREIF II CO-INVESTORS LLC 34.778 - - 34.778 - - 35138.14h cash 28.315 - - - - 35138.14h cash AREMF CCHNVESTOFIS LLC 28,315 - - 3.731 - 301384 4/. cash AREIF II TRANSFER MEMBERS LLC 3.731 APOLLO RE INVESTMENT FUND LP 2 - - 1 - 3013 K.I (fa I II. cash • - - - - 2013 K.I (fa I II. cash • APOLLO CORP EU 0 CO-INVESTORS LLC APOLLO RE CAP PARTNERS LP - - - - - 2013 K.I (fa I II. cash • APOLLO RE ADVISORS LP - - - - - 2013K-1 (Taxi 4.1. cash • - - - No CaFeal Soa:non WI APOLLO RE CAPITAL INC. APOLLO RE MANAGEMENT INC. - - - - No Capeal Soa:non WI - - 5471 only APOLLO RE FUND AD.All LTD SUBTOTAL REAL ESTATE 4.75688 3.798.41 272.050 886.189 AP AR HOWCO LLC 44857 448570 - - 2513K.I ../. cash - SUBTOTAL OTHER PEI 44887 448570 I SUBTOTAL 520523 4244.981 272.080 888,189 PRIVATE EQUITY/ DEBT & RESTRICTED STOCK ENVIROMENTALSClUTCNS WORLDWIDE ESVNO - 282.5 4.175.348 520.411 1283.900 1201888 1.187.389 Owing Price SUBTOTAL - PUBLIC 4.175.348 520.411 1283.900 1203888 1.187289 PHAIDON PRESS LTD 89.777.122 89.777 I - 59.303.284 10.404.081 - REGAN ARTS LLC 2.500.000 2500 - 2.124.739 372.781 - LOAN TO PHACON PRESS LTD 8200517 3923 - 5.883.915 309.880 - ARTSPACE LW 5.000.000 5.030.000 - - Cost of fording ENVIRONIENTAL SOUJTIONS WORLDWIDE CONVERTIBLE NOTE 3.088551 I - 1,088.551 Cost plus interest RGENDI. INC 135.725 135.725 f - - - . Latest Anancun round T-FIK. NC. 100.003 - 100.003 Cost of funding ARTBINDER. NC. 9898 - 9688 Cost of fording SUBTOTAL OTHER I 86811.918 214.925 I 72.311.917 11.088.522 3.198852 SUBTOTAL 93987284 7362381 73.575.817 12299.190 4285.921 TOTAL OTHER PRIVATE EQUITY/DEBT & RESTRICTED STOCK 183026721 6238,853 70,328,990 14.404,064 - 65.056.785 • Allocated debt In axons of negative tax bails wawa I 4 EFTA01203243 BLACK FAMILY GROUP SEPTEMBER 30.2010 FINANCIAL INVESTMENTS TOTAL Leon 8 Data Blade LDB 2010 LLC • 2011 TRUSTS APO 2 TRUST • BLACK FAMILY GST TRUST" APO 1 TRUST GRATS BINA Family Parlildrg INVESTMENT PARTNERSHIPS — - 30.773.897 LONE CAer411r LP 34.773.897 - 9/30/14 Estimate MLLEMIUM GROUP USA LP 25.300228 - - - - 25400225 9/30/10 Estimate CANYON VALUE REAUZ. FUND LP 19.078.785 - - - 11.863.518 - - - - - - - - 19.078.785 17.982.797 - 1.008.646 9/31/14 Capital Account 9/30/14 Estimate 9/30/14 Capital Account 9/31/14 Capital Account ANCHORAGE CAPITAL PARTNERS LP 17.982.797 - - BUCKINGHAM RAF PARTNERS LP 11.883.548 - - KING STREET CAPITAL LP 1.005848 - BLUE STAR I LLC 58.050 88.850 - 411/14 Capital Account *bit SUBTOTAL HEDGE FUNDS 110.079.727 98.148.131 AP TECHNOLOGY PARTNERS LLC 455.281 50.870 I - - 73.587 %of Est. future Cash Rows GIFTHORSE PARTNERS. LLC 227.811 - I - - - 20138.1 Taxi a/-cash AP ENERGY PARTNERS 177.884 - - - 20138.1 Mel +/- gash MICROBES INVESTCRS LLC 142.916 - - - 2013 8.11faxl ei. cash PROOUEST INVESTMENTS. LP emu H - - 9(30/14 Capital Account JERUSALEM VENTURE PARTNERS LLC amo H - - - 2013 K.1./. cash AP SHL INVESTORS LLC 3 I Expected Write Off VIROPRO INVESTORS LLC 1 Expected Write Off BHM INVESTORS LLC 1 haaected WriteOff BLUE SUNSHNE. LLC 1 - - I 1 - I - - 2013 IC.1 Mel +/- cash' 1A-RELATED LLC 1 - - I 1 - - - 2013 IC.1 Mel I./. cash • PAM CENTRE LP 1 - 1 I - 73.588 2013 IC.1 Mel 14- cash' SUBTOTAL OTHER FLINGS 1.089.791 II 50.871 H 091588 483944 I TOTAL DIVESTMENT PARTNERSHIPS 111.189.518 80.871 12423.184 483.944 98221.719 7 I • Allocated debt an acres of negative tax basis I 141302014 EFTA01203244 BLACK FAMILY GROUP NOTE TO BLACK ASSET SUMMARY COMMITMENTS - PRIVATE EQUITY FUNDS SEPTEMBER 30, 2014 NOTE 10: Investor Investment Commitment Remaining Commitment Expected Future Source of Remaining Call Amount commitment OUTSTANDING COMMITMENTS NON-APOLLO LDS 2011 LLC Searchlight Capital. LP 2.000.000 1.104.105 1,104.105 7/7/14 Call Notice Black Family Partners LP Wolfensohn Capital Partners. 5.000.000 1.077.521 1,077.521 6130114 Capital Account Black Family Partners LP HAO Capital Fund II LP 6.000.000 1.020.000 1,020.000 6130114 Capital Account Black Family Partners LP Tenfore Holdings Fund I LP 1.500.000 870.926 870.926 9/1204 drawdown notice APO2 Declaration Quadrangle Capital Partners II LP 5.000.000 541.875 541.875 6130114 Capital Account APO2 Declaration Markstone Capital Partners LP 500.000 31.339 31.339 at31/14 Capital Account LOB 2011 LLC Quadrangle Capital Partners LP 5.000.000 27.558 27.558 6130114 Capital Account 3.569.219 4.673.324 APOLLO Black Family Partners LP Athena Holding Ltd 52.000.000 41.600.000 41,600.000 Initial Funding Notice LBF Holdings LLC Apollo Credit Opportunity Fund I. LP 125.000.000 25.457.053 9/29114 Distribution Notice Black Family Partners LP Apollo Credit Opportunity Fund III (A). LP 15.000.000 15.000.000 15.000.000 Subscription Agreement Black Family Partners LP FCI Co-Investors II (A). LP 25.000.000 14.412.413 14,412.413 6130114 Capital Account LOB 2011 LLC FCI Co-Investors I (A). LP 25.000.000 12.645.081 8f6/14 Distribution Notice Black Family Partners LP Apollo Co-Investors VI (A). LLC 45.949.072 1.774.549 1,774.549 6130114 Capital Account Black Family Partners LP Apollo Co-Investors V. LLC 23.647,680 1.487.047 1,487.047 6130114 Capital Account Black Family Partners LP Apollo Co-Investors IV. LLC 26.099.000 127.203 127.203 6130114 Capital Account 112.503.346 74,401.212 TOTAL 116.072.565 79.074.536 COMPLETED COMMITMENTS APO2 Declaration Dune Real Estate Fund. LP 3.000.000 - 12,31/13 Capital Account Leon Black Pegasus Partners LP 1.000.000 - 12,31102 Audit Confirm APO2 Declaration ProQuesl Investments. LP 1.000.000 - 12,31/13 Financial Stml Black Family Partners LP Sustainable Woodlands II Fund. LP 20.000.000 - 12,31/13 Financial Stml 10102014 EFTA01203245