Art and Cash to be Contributed to AP Narrows LP Owner Value Leon D. Black $26,281,200 (w/Dali at $250,000) Narrows Holdings LLC $55.900.000, $82,181,200 APO-0l Declaration $183,380,750 $2,000,000 (cash) $185,380,750 Total: $267,561,950 2% = $5,351,239 Ownership Interest LDB: 2% Class B GP 7.8% LP Narrows: 2% Class A GP 18.9% LP APO-01: 69.3% LP 2/5/16 EFTA00665145