EFTA00693347.pdf

7:01 AM 11/22/15 Accrual Basis ASSETS Currant Assets Checking/Savings 110000 • CASH 111000 • Cash at Bank 111122 • BofA (1439) APO1 Agreement Balance Sheet As of November 22, 2015 Nov 22, 15 16,987,986.44 Total 111000 • Cash at Bank 16,987,988.44 Total 110000 • CASH 16,987,986.44 Total Checking/Savings 16,987,986.44 Accounts Receivable 120000 • RECEIVABLES 122000 • Receivable Related Party 122001 • Due from Leon Black a • Principal - LDB 1,676,396,684.00 b • Accrued interest - LDB 2,320,776.01 Total 122001 • Due from Leon Black 122015 • Due from Phaidon Global Accrued interest - 03/31/15 Accrued interest - 05/20/15 Accrued interest - 08/31/15 Accrued interest - 10/14/15 Principal - 03/31/15 Principal - 05/20/15 Principal - 08/31/15 Principal - 10/14/15 Total 122015 • Due from Phaidon Global 122022 • Due from Benjamin Black c. Principal - Ben Black d. accrued int - Ben Black Total 122022 • Due from Benjamin Black Total 122000 • Receivable Related Party Total 120000 • RECEIVABLES Total Accounts Receivable 1,678,717,460.01 138,661.68 55,989.26 34,365.31 4,483.97 8,751,000.00 4,600,000.00 7,500,000.00 3,375,000.00 24,459,500.22 1,500,000.00 76.03 1,500,076.03 1,704,677,036.26 1,704,677,036.26 1,704,677,036.26 Page 1 EFTA00693347 7:01 AM 11/22/15 Accrual Basis Other Current Assets 134000 • Family Investment Vehicles 134002 • LBF Holdings LLC 134023 • LDB 2011 LLC Total 134000 • Family Investment Vehicles 140000 • FINE ART & TANGIBLE INVESTMENTS 140100 • Fine Art 140120 • Direct 140121 • Cost 212,645,094.75 A.DUrer -The Rhinoceros 1.197.625.00 Attribute Lelio Orsi 42,035.00 Lot 1 - G.Balia-Volo di Rondini 606,361.24 Lot 11 - J.Jordaens - The head 184,143.83 Lot 22 - H.Goitzius 4.684.654.17 Lot 24 - Gheyn II Largo Beech 2.013.247.09 Lot 27 - Gheyn II - Bird's eye 1.378.876.02 Lot 45 - Matisse-Nu aux soulier 2.467.746.94 Lot 47 - Eeckhout - Seated Afri 723,359.24 Lot 5 - Cornell - Untitled 5.788.883.75 Lot 56 - Johan Verwer 469,610.81 Lot 7 - Cornell - Med. Slot Ma. 8.471.563.75 Lot 8 - J.Bruegel - The Elder 279,299.49 Lot 9 - Peter Paul Rubens 5.671.453.62 M.Duchamp - Rrose Selavy 3.184.690.21 P. Sacks - Aftermath (Mandela) 141,537.50 P. Sacks - Ulysses 1 to 6 58,792.50 P. Sacks - Ulysses 8 to 12 48,993.75 1 • Fragonard - Port Francois-Henri 30,558,149.81 2 • Barocci - Christ blessing angel 6.968.000.00 3 • Barocci - Head of young Girl 717,225.00 4 • Guercino - Reclining Nude Youth 1.434.450.00 5 • Gainsborough - Study of a Lady 2.996.108.00 Lot 10 • Picasso - Tete De Jeune Homme 4.447.505.11 Lot 145 • Gericault - La process d Sliene 224,744.50 Lot 18 • Picasso - Composit Au Minotaure 18.918,807.90 Total 140121 • Cost 103.677.864.23 140122 • Unrealized -18.196.725.03 Total 140120 • Direct 85,481,139.20 APO1 Agreement Balance Sheet As of November 22, 2015 Nov 22, 15 93,108.315.66 119,536,779.09 Page 2 EFTA00693348 7:01 AM 11/22/15 Accrual Basis APO1 Agreement Balance Sheet As of November 22, 2015 140130 • Decanted from 2006 Trust 140131 • Cost 01 • Beckmann - Studie Zu Malepartus 02 • Durer - Hierinn send 03 • Gainsborough - Port of Caroline 04 • Gellee - A wooden landscape 05 • Gericault - Medusa, Foot Mast 06 • Malevich - Composition in Disso 07 • Miro - Untitled 08 • Matisse - Nu de Dos, 4 etat 09 • Picasso - Head of a Woman 10 • Redon -A Edgar Poe 11 • Ruscha - Egg 12 • Schiele - Port Saint Sebastian 13 • Schlemmer - Three by Banister 14 • Schwitters - "Sword" Total 140131 • Cost Nov 22, 15 1,469,813.00 141,265.31 2,650,561.88 6,674,081.87 721,296.88 25,000.00 1,975,000.00 53,133,722.00 7,500,000.00 213,122.82 566,150.00 3,511,218.75 1,224,843.75 3,012,938.00 82,819,014.26 Total 140130 • Decanted from 2006 Trust 82,819,014.26 Total 140100 • Fine AA 168,300,153.46 140300 • Real Estate 140333 • NY 70th Street LLC 36,922,016.04 Total 140300 • Real Estate 36,922,016.04 140600 • Operating Businesses 140610 • PLB LLC 2,689,665.90 Total 140600 • Operating Businesses 2,689,665.90 Total 140000 • FINE ART & TANGIBLE INVESTMENTS Total Other Current Assets Total Current Assets TOTAL ASSETS LIABILITIES 8 EQUITY Liabilities Current Liabilities Accounts Payable 210000 • PAYABLES 211000 • Accounts Payable 211004 • Use Tax Payable 207,911,835.40 420,556,930.15 2,142,221,952.85 2,142,221,952.85 3,426.50 Total 211000 • Accounts Payable 3,426.50 Page 3 EFTA00693349 7:01 AM 11/22/15 Accrual Basis APO1 Agreement Balance Sheet As of November 22, 2015 212000 • Payable to Related Party 212015 • Duo to BEB 2011 Trust c • Principal - BEB 2011 Trust d • Accrued Interest - BEB 2011 Tr Nov 22, 15 13,010,977.00 83,744.35 Total 212015 • Due to BEB 2011 Trust 13,094,721.35 212016 • Due to JMB 2011 Trust e • Principal - JMB 2011 Trust 23,000,000.00 f • Accrued Interest - JMB 2011 Tr 148,038.08 Total 212016 • Due to JMB 2011 Trust 23,148,038.08 212017 • Due to ASB 2011 Trust g • Principal - ASB 2011 Trust 23,000,000.00 h • Accrued Interest - ASB 2011 Tr 148,038.08 Total 212017 • Due to MB 2011 Trust 23,148,038.08 212018 • Due to VRB 2011 Trust I • Principal - VRB 2011 Trust 23,000,000.00 j • Accrued Interest - VRB 2011 148,038.08 Total 212018 • Due to VRB 2011 Trust 23,148,038.08 Total 212000 • Payable to Related Party 82,538,835.59 Total 210000 • PAYABLES 82,542,262.09 Total Accounts Payable 82,542,262.09 Total Current Liabilities 82,542,262.09 Total Liabilities 82,542,262.09 Equity 300002 • LDB 2011 LLC 2,927,397.00 300003 • 1997 Black Family Trust 3,306,102.74 300017 • APO1 Agreement 1,969,727,891.83 300019 • Assigment from Black 2006 Trust 6,168,147.67 300021 • Leon Black Insurance Trust 42 -12,500,000.00 320000 • Retained Earnings 15,846,244.53 Net Income 74,203,906.99 Total Equity 2,059,679,690.76 TOTAL LIABILITIES 8. EQUITY 2,142,221,952.85 Page 4 EFTA00693350