EFTA00616998.pdf

LEON AND DEBRA BLACK NO LOOK THROUGH BALANCE SHEET Apr 30, 2014 Assets NOTE CASH U.S. TRUST 63.137.056 JP MORGAN 7.766.090 70.903.146 FINE ART AND TANGIBLE INVESTMENTS ART FINE (1) 1.634.237.229 ART - BRONZES - CHINESE 330.474.000 ART - RARE BOOKS 8 MANUSCRIPTS 76.483.850 JEWELRY 46.622.879 ART BRONZES - SOUTHEAST ASIA 23.850.000 2.111.667.958 FINANCIAL INVESTMENTS GRAT ANNUITIES RECEIVABLE (2) 1.574.520.072 MARKETABLE SECURITIES 7.426.085 APOLLO RELATED INVESTMENTS 22.234.263 OTHER PRIVATE EQUITY/ DEBT 8 RESTRICTED STOCK 5.097.700 INVESTMENT PARTNERSHIPS 28.779 DISTRIBUTION RECEIVABLE- BFP LP 874.086 1.610.180.985 BLACK FAMILY PARTNERS, LP (LOOK THROUGH) 10.5382% CASH - US TRUST 398.434 CASH - JP MORGAN 173.418 BRH HOLDINGS. LP (APO) - $27.13 265.108.234 DUE FROM APOLLO AFFILIATE 36.621.770 INVESTMENT PARTNERSHIPS 25.164.166 INTRA-FAMILY RECEIVABLE (NET) 6.644.322 HERITAGE PAYMENT RECEIVABLE 261.025 334.371.369 REAL ESTATE RESIDENCE - 760 PARK AVE. NYC 29.000.000 RESIDENCE - 750 PARK AVE. NYC 1.000.000 RESIDENCE - 190/200 NARROWS. BEDFORD 30.000.000 RESIDENCE - 730/ 766 MEADOW LANE. SH 50.000.000 RESIDENCE - PARADISE VALLEY. AZ 2.000.000 112.000.000 TANGIBLE PERSONAL PROPERTY HOUSEHOLD PROPERTY (3) 23.124.425 OTHER PERSONAL ITEMS (4) 536.000 23.660.425 PLANE, BOAT, AUTOS AVIONETA HOLDINGS LLC (PLANE) 22.100.000 AVIONETA HOLDINGS LLC (PLANE) - DEBT (5) (22.100.000) BJAV MARINE LTD. (STARFIRE) 26.000.000 BJAV MARINE LTD. (STARFIRE) DEBT (6) (17.896.667) AUTOMOBILES (7) 404.197 8507.530 OTHER ASSETS LIFE INSURANCE - CSV (8) 18.901.825 DRB PRODUCTIONS. INC. (9) 1.580.007 20.481.832 TOTAL ASSETS 4,291,773,245 LIABILITIES NOTE PAYABLE - APO 1 AGREEMENT (10) (L695.786.393) LOAN PAYABLE BOFA (ART) (11) (470.000.000) NET PAYABLE BLACK FAMILY PARTNERS LP (12) (55.370.35D (2.221.156.744) TOTAL LIABILITIES (2,221,156,744) NET WORTH 2.070.616501 COMMITMENTS CHARITABLE (13) 28429.428 EFTA00616998 LDB/ DRB NO LOOK THRU Apr 30, 2014 INVESTMENT DETAIL FINANCIAL INVESTMENTS MARKETABLE SECURITIES VECTOR GROUP LTD UNITED RENTALS INC KROGER CO REPUBLIC SERVICES INC. REGIS CORPORATION LADENBURG THALMANN FINL SVCS IMAX CORP MAGMETEK INC. AFP IMAGING CORP SIRIUS - OPTIONS TOTAL MARKETABLE SECURITIES APOLLO RELATED INVESTMENTS 3.241.008 Closing price 1.827.152 Closing price 1.044.371 Closing price 795.069 Closing price 417.221 Closing price 67.507 Closing price 31.558 Closing price 1.713 Closing price 486 Closing price 0 Stock S3.19, grant @ $5.59 7,426.085 AP ALTERNATIVE ASSETS LP (AAA.AS) $33.75 APOLLO - APOLLO ADVISORS LP APOLLO - APOLLO INVESTMENT FUND APOLLO - AIF II SUBTOTAL OTHER INVESTMENT/PE FUNDS TOTAL APOLLO RELATED INVESTMENTS OTHER PRIVATE EQUITY/DEBT & RESTRICTED STOCK PRIVATE EQUITY - NON APOLLO 22.214.014 Closing price SUBTOTAL PUBLIC 22.214.014 10.579 2012 K-1(Tax) 4/- cash 9.670 Financial Statements 12/31/13 0 Zero net assets per 2013 F/S 20.249 976 MADISON RESTAURANT LLC EXCELSIOR CO-INVEST ADVISORS 107 PORTFOLIO LP HAMLET HOLDINGS LLC RESTAURANT ADVISORS LLC SUBTOTAL PRIVATE EQUITY - FORMER APOLLO 22,234.263 250.000 48.931 0 0 0 298.931 AP CAPITAL PROP CO APOLLO INTL RE ADVISORS LP APOLLO POLAND RE ADVISORS LLC AREIF V CO-INVESTORS LLC APOLLO INTL RE CO-INVESTORS LLC APOLLO RE MEZZANINE ADVISORS AREMF CO-INVESTORS LLC APOLLO RE CAP PARTNERS AREIF III CO-INVESTORS AREIF III TRANSFER MEMBERS LLC AREIF IV CO-INVESTORS APOLLO RE ADVISORS LP APOLLO CORP EU II CO-INVESTORS APOLLO RE INVESTMENT FUND APOLLO RE CAPITAL INC. APOLLO RE MANAGEMENT INC. AP AR HOLDCO APOLLO CAPITAL MANAGEMENT INC. 913.654 870.225 770.740 731.330 311.887 54.619 27.669 Cost of Funding 2012 K-1 ./- cash 2012 K-1(Tax) 4/- cash 1! 2012 K-1(Tax) 4/- cash 2012 K-1(Tax) 4/- cash 2012 K-1(Tax) 4/- cash 2012 K-1 ./- cash 2012 K-1 ./- cash 2012 K-1 ./- cash 2012 K-1 ./- cash 2012 K-1 ./- cash 2012 K-1(Tax) 4/- cash 0 2012 K-1 (Tax) 4/- cash ' 0 2012 K-1 •/- cash 0 2012 K-1 •/- cash 0 2012 K-1 •/- cash 0 2012 K-1(Tax) 4/- cash 0 2012 K-1(Tax) 4/- cash 0 2012 K-1(Tax) 4/- cash 1! 0 No capital section on k-1 0 No capital section on k-1 SUBTOTAL REAL ESTATE 3.680.124 636.853 2012 K-1 .1- cash 0 No capital section on k-1 SUBTOTAL OTHER PE 636.853 SUBTOTAL 4.316.977 EFTA00616999 LDB/ DRB NO LOOK THRU Apr 30, 2014 INVESTMENT DETAIL FINANCIAL INVESTMENTS PRIVATE EQUITY/ DEBT & RESTRICTED STOCK ENVIRONMENTAL SOLUTIONS WORLDWIDE (ESWW) - $75.00 RGENIX CONVERTIBLE NOTE PL8 LLC 315.400 Closing price SUBTOTAL PUBLIC 315.400 100.000 Cost of funding 66.392 Equity SUBTOTAL OTHER 166.392 SUBTOTAL 481.792 TOTAL OTHER PRIVATE EQUITY/DEBT & RESTRICTED STOCK 5,097,700 INVESTMENT PARTNERSHIPS AP SHL INVESTORS LLC AP TECHNOLOGY PARTNERS LLC TOTAL INVESTMENT PARTNERSHIPS 14.893 2012 K-1 (Tax) ./- cash 13.886 2012 K-1(Tax) 4/- cash 28,779 EFTA00617000 LDB. ORB NO LOOK THRU Apr 30. 2014 NOTES TO FINANCIALS (I) Included in total are several items of rare books and bronzes Net Annuity Gross Deferred (2) GRAT Receivable Detail: Receivable Receivable Revenue APOI GRAT No. I (10125113) 741.805.437 762.527.327 20.721.890 APOI GRAT No.2 (12/4/13) 700.225.375 716.559.882 16.334.507 APOI GRAT No.3 (3/4/13) 132.489.260 135.889.623 3.400.363 1.574.520.072 1.614.976.832 40.456.760 (3) Values per Sotheby's Appraisal less 40% dscount (4) kern represents Walking Slicks (5) Terms - 1M LIBOR e 1.72%. due September 5. 2016 (6) Terms - UBOR Daily Floating Rate .1.85%. due December 1. 2018 (7) Automobile Detail Make & Model Vehicle Type Model Year Purch Dt Cost 4/30/2014 Mkt. Value Chevrolet Silverado LS 1500 picktp Pick Up Truck 2011 2010 32.005 11.167 Chevrolet Silverado 2500 Pickup Pick Up Truck 2012 2012 44,502 26.180 Mercedes Benz S 600 Luxury Sedan 2004 2004 122,900 11A75 Mercedes Benz 560 SL 2dr Luxury Sports Car 1989 1989 64.230 4.250 Chevrolel Tahoe 4dr LT Sports Utility Vehicle 2012 2012 50,327 29.410 Mercedes 5600 Sedan 2013 2013 180,268 137,905 Mercedes R350 Sports Utility Vehicle 2012 2011 58.314 39.647 Honda Pibt Sports Utility Vehicle 2009 2009 32,117 17.577 Bentley Continental GT Luxury Sedan 2007 2007 228,450 93.286 Jeer. Patriot 4WD 4c1r Souls Utility Vehicle 2008 2008 24.048 8.905 Honda Pibt Sports Utility Vehicle 2013 2013 33,272 24,395 All autos held in name of LDB. (8) Sewn:Ho-Die death benefit $100.010.000 (9) Represents cash held by DRB Productions. Inc. (10) Terms - 1.63%. due August 14. 2022. (interest payment term to be discussed) (11) Terms - 1M LIBOR. due May 31. 2015 (12) Due from Black Family Partners LP 10.401.881 Receivable from Black Family Partners LP 2.572.926 Due to Black Family Partners LP (42453.894) Payable to Black Famly Partners LP (838.675) Narrows LLC due to Black Family Partners LP (25.052.589) 155.370.3511 (13) Chantabb PlecloosRoserves Leon Black Dartmouth Visual Ms Center 18.929.428 Museum of Modern Art 5.000.000 Princeton (tentative] 1.500.000 Harvard Business School 800.000 Dartmouth President's House Renovation 200.000 World Jewish Congress 200.000 North Shore W 200.000 Dartmouth College Fund 100.000 Melanoma Research Aliance Unconfirmed Subtotal 26.929.428 Leon Black Family Foundation, Inc. Harlem Vilage Academies 1.000.000 Tony Blair Foundation 500.000 Subtotal 1.500.000 Total 28.429.428 Kelly Blue Book Value 2/3I2014 Soiled of Insurance 16.244 14,053 17.194 45.270 9.918 13,337 15.950 15,950 31.836 55.677 120.582 180.000 36.198 63,000 16.363 19,945 108.5/5 108.5/5 9.187 14.807 24.876 33.472 TOTAL: 3404.197 $406.923 $564.086 ' Agreed value per Schedule of Insurance 2.3.'14 No data in Key Blue Book Assumptions: 10.000 mites per year Traded in to deaLer EFTA00617001