LEON D. BLACK - SS NO. 056-384069 SCHEDULE OF TAXABLE GIFTS MADE TO THE JUDAH INVESTMENTS TRUSTS (A THRU K) - DEC 21, 2006 GRANTOR RETAINED ANNUITY TRUSTS December 2006 (6.8%) TOTAL FOR ALL DECEMBER GRATS: year 1 2 annuity Percent annuity amount 49.5683% $ 290,175,433.68 59.4820% $ 348,210,520.41 99.9900% $ 585,346,794.47 $ 585,405,335.00 initial FMV of trust $ 585,346,794.47 retained interest 58,540.53 taxable ift 99.99% 0.01% 700.00% Initial FMV 9f Trust Fund 460,000.00 Apollo Management III„ LP 1.420,000.00 Apollo Management IV, LP 3.690,000.00 Apollo Management V. LP $ 45,600,000.00 Apollo Management VI, LP $ 227,000,000.00 9.600,000.00 $ 87.000.000 00 $ 20.800,000.00 $ 98.800,000.00 $ 80,500,000.00 $ 10,535.335.00 $ 585,405,335.00 Apollo Investment Management, LP Apollo Value Inv Fund Mgt., LP Apollo SW Management, LP Apollo Asia Management LP Apollo Europe Management LP Apollo Alternative Assets LP Apollo Adv VI LP 8, Apollo Adv. VI (EH) LP TOTAL Judah Investment Trust A December 2006 (5.8%) year 1 2 annu' y percent annuity amount 49.5683% $ 228,014.15 59.4820% $ 273.616.98 99.9900% $ 459,954.00 460,000.00 initial FMV of trust 459,954.00 retained interest 46.00 taxable gift 460,000.00 appraised value of 30.35% interest in Apollo Management ill LP EFTA_R1_02067158 EFTA02700566
LEON D. BLACK • SS NO. 05638.1069 SCHEDULE OF TAXABLE GIFTS MADE TO THE JUDAH INVESTMENTS TRUSTS (A THRU K) - DEC 21, 2006 GRANTOR RETAINED ANNUITY TRUSTS (CONTINUED) PG 2 OF 6 Judah Investment Trust B December 2006 (5.8%) year annuity Percent annuity amount 1 49.5683% $ 703,869.77 2 59.4820% $ 844.643.72 99.9900% $ 1 419 858 00 1,420,000.00 initial FMV of trust $ 1.419.858.00 retained interest 142.00 taxable gilt 1.420.000.00 appraised value of 30.35% interest in Apollo Management IV, LP Judah Investment Trust C December 2006 (5.8%) year 1 2 annuity percent annuity amount 49.5683% $ 1,829,070.02 59.4820% S 2,194.884.03 99.9900% $ 3.689.631.00 3,690,000.00 initial FMV of trust 3.689.631.00 retained interest 369.00 taxable gift 3,690,000.00 appraised value of 30.35% interest in Apollo Management V. LP Judah Investment Trust D December 2006 (5.8%) year 2 annuity percent 49.5683% 59.4820% 99.9900% annuity amount $ 22,603,141 76 $ 27.123,770.12 $ 45.595,440.00_ $ 45,600,000.00 initial FMV of trust S 45.595,440.00 retained interest 4,560.00 taxable gift z=tietSisgMIRS... S 45.600.000.00 appraised value of 30.35% interest in Apollo Management VI, LP EFTA_R1_02067159 EFTA02700567
LEON D. BLACK - SS NO. 056.38.1069 SCHEDULE OF TAXABLE GIFTS MADE TO THE JUDAH INVESTMENTS TRUSTS (A THRU K) - DEC 21, 2006 GRANTOR RETAINED ANNUITY TRUSTS (CONTINUED) PG 3 OF 5 Judah Investment Trust E December 2006 (5.8%) year annuity percent annuity amount 1 49.5683% $ 112,520,025.88 2 59.4820% S 135,024,031.06 99.9900% $ 226,977,300.00 $ 227.000.000.00 initial FMV of trust $ 226,977.300.00 retained interest 22,700.00 taxable gift S 227.000.000.00 appraised value of 26.8% interest in Apollo Investment Management. LP Judah Investment Trust F December 2006 (5.8%) year annuity percent annuity amount 1 49.5683% $ 4,758,556.16 2 59.4820% $ 5 710,267.39 99.9900% S ?..599, 040.90 9,600,000 00 initial FMV of trust 9.599,040.00 retained interest 960.00 taxable gift 9,600,000.00 appraised value of 26.9% interest in Apollo Value Investment Fund Management. LP Judah Investment Trust G December 2006 (5.8%) year pnnuitv percent annuity amount 1 49.5683% $ 43,124,415.21 2 59.4820% $ 51.749.298.25 99.9900% $ 86,991,300.00 87,000,000 00 initial FMV of trust 86,991,300.00 retained interest 8,700.00 taxable gift 87,000,000.00 appraised value of 44% interest in Apollo SVF Management, LP EFTA_R1_02067160 EFTA02700568
LEON D. BLACK • SS NO. 056-38-1069 SCHEDULE OF TAXABLE GIFTS MADE TO THE JUDAH INVESTMENTS TRUSTS (A THRU K) - DEC 21, 2006 GRANTOR RETAINED ANNUITY TRUSTS (CONTINUED) PG 4 OF 5 Judah Investment Trust H December 2005 (5.8%) year 1 2 annuity percent 49.5683% 59.4820% annuity amount $ 10,310,205.01 $ 12,372,246.02 99.9900% 20,7974920.00 20,800,000.00 initial FMV of trust $ 20,797,920 00 retained interest $ 2,080.00 taxable gift 20.800.000.00 appraised value of 44% interest in Apollo Asia Management, LP Judah Investment Trust I December 2006 (5.8%) year annuity percent 1 2 annuity amount 49.5683% $ 48,973,473.82 59.4820% $ 58,768,168.58 99.9900% $ 98,790 120 00 $ 98,800.000.00 initial FMV of trust $ 98.790.120.00 retained interest 9,880.00 taxable rft 98,800,000.00 appraised value of 44% interest in Apollo Europe Management, LP Judah Investment Trust J December 2006 (5.8%) year 1 2 annuity percent 49.5683% 59.4820% 99.9900% annuity amount $ 39,902,476.14 $ 47,882,971 37 $ 80,491 950.00 80,500,000.00 initial FMV of trust 80,491,950.00 retained interest 8,050.00 taxable gift 80.500,000.00 appraised value of 44% interest in Apollo Alternative Assets, LP EFTA_R1_02067161 EFTA02700569
LEON D. BLACK - SS NO. 056.38-1069 SCHEDULE OF TAXABLE GIFTS MADE TO THE JUDAH INVESTMENTS TRUSTS (A THRU K) - DEC 21, 2006 GRANTOR RETAINED ANNUITY TRUSTS (CONTINUED) PG 5 OF 5 Judah Investment Trust K December 2006 (5.8%) year annuity percent annuity amount 1 49,5683% $ 5,222,185.76 2 59.4820% $ 6,266,622.91 99.9900% S 10,534,281.47 $ 10,535,335.00 initial FMV of trust $ 10,534,281.47 retained interest 1,053.53 taxable gift 10,535,335.00 142 Points of Apollo Advisors VI and Apollo Advisors VI (EH) EFTA_R1_02067162 EFTA02700570
LEON D. BLACK Rider I to Form 709 United States Gift and Generation Skipping Transfer Tax Return Calendar Year 2006 Social Security No. 056-38-1069 Disclosure Pursuant to Regulation Section 301.6501(c)-1(f)(2) CONTRIBUTION TO JUDAH INVESTMENT TRUST A (Sch. A, Part 3, Item U The transaction referred to as Item 1 on Schedule A, Part 3 of this Return represents the contribution by Leon D. Black (the "Taxpayer") to the Judah Investment Trust A (the "Trust"), created under trust agreement dated December 21, 2006 (the "Trust Creation Date") between Leon D. Black, as senior, and Leon D. Black and John Hannan, as trustees (the "Trust Agreement"). The Trust is a grantor-retained annuity trust in which the Taxpayer retained a Qualified Interest, as_defined in §2707(h) oaLtheinktogRetiCJII/C Code (the "Code"). A copy of the Trust Agreement is attached as Exhibit G-1. Under the terms of the Trust Agreement, an annuity is payable from the Trust to the Taxpayer (or, if the Taxpayer is not living, to the Taxpayer's estate) on the day before the first anniversary of the Trust Creation Date, and on the day before the 2nd and final anniversary of the Trust Creation Date during the Trust's 2-year term. The value of the first annuity is equal to such percent of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes that, when increased by twenty (20%) percent in the 2nd and final year of the 2-year term, results in the Taxpayer's right to receive the annuity payments having a value equal to 99.99% of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes. The value of the second and final annuity payable to the Taxpayer is equal to 120% of the value of the prior year's annuity. The Trust ends on the day before the 2nd anniversary of the Trust Creation Date. Upon the termination of the Trust, the remaining trust property will be distributed to the trustees of the Black 2006 Family Trust (the "Family Trust"), to be added to the principal of the Family Trust and disposed of therewith. The value of the gift is determined by subtracting the value of the qualified annuity interest from the value of the property contributed to the Trust. Under Treas. Reg. § 25.2702-2(b)(2), the value of a qualified annuity interest is determined under Code § 7520. Accordingly, for the transfer shown as Item 1 of Schedule A, Part 3 of the Return, there is shown below (I) the valuation of the initial fair market value of the Trust, (2) the annuity percentages taken from the Trust Agreement, (3) the annuity term taken from the Trust Agreement, (4) the § 7520 rate in effect for the month in which the transfers occurred, (5) the value of the qualified annuity and (6) the resulting gift. NYB1520433WKWL6901 LOOO26504.0001 EFTA_R1_02067163 EFTA02700571
On December 21, 2006, the Taxpayer contributed to the Trust a 30.35% limited partnership interest in Apollo Management 111, LP, a Delaware limited partnership. The Taxpayer received no consideration from the Trust in return for his contribution. Based on an appraisal by Empire Valuation Consultants., a copy of which is attached as Exhibit G- I AP, on December 21, 2006 the gift tax value of the 30.35% limited partnership interest in Apollo Management III, LP the Taxpayer transferred to the Trust was $460,000. (I) Initial Fair Market Value of the Trust Fund $460,000 (2) Annuity Rate Per Trust Agreement: 49.5683% in year 1; 59.4820% in year 2 (3) Annuity Term Per Trust Agreement 2 Years (4) Section 7520 Rate for Dec 2006 (5) Value of Qualified Annuity $459,954 (6) Value of Gift 5.8% $46.00 NY1:1132043:1101W/L69011.D0026504 0001 2 EFTA_R1_02067164 EFTA02700572
LEON D. BLACK Rider 1 to Form 709 United States Gift and Generation Skipping Transfer Tax Return Calendar Year 2006 Social Security No. 056-38-1069 Disclosure Pursuant to Regulation Section 301.6501(e)-1(f)(2) CONTRIBUTION TO JUDAH INVESTMENT TRUST B (Sch. A, Part 3. Item 1) The transaction referred to as Item 1 on Schedule A, Part 3 of this Return represents the contribution by Leon D. Black (the "Taxpayer") to the Judah Investment Trust B (the "Trust"), created under trust agreement dated December 21, 2006 (the "Trust Creation Date") between Leon D. Black, as senior, and Leon D. Black and John Hannan, as trustees (the "Trust Agreement"). The Trust is a grantor-retained annuity trust in which the Taxpayer rehined_a_Qualitied hits-rest, as deciaesLin § 2702(b) of the Internal_Revenue_Code_(the "Code"). A copy of the Trust Agreement is attached as Exhibit G-2. Under the terms of the Trust Agreement, an annuity is payable from the Trust to the Taxpayer (or, if the Taxpayer is not living, to the Taxpayer's estate) on the day before the first anniversary of the Trust Creation Date, and on the day before the 2nd and final anniversary of the Trust Creation Date during the Trust's 2-year term. The value of the first annuity is equal to such percent of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes that, when increased by twenty (20%) percent in the 2nd and final year of the 2-year term, results in the Taxpayer's right to receive the annuity payments having a value equal to 99.99% of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes. The value of the second and final annuity payable to the Taxpayer is equal to 120% of the value of the prior year's annuity. The Trust ends on the day before the 2nd anniversary of the Trust Creation Date. Upon the termination of the Trust, the remaining trust property will be distributed to the trustees of the Black 2006 Family Trust (the "Family Trust"), to be added to the principal of the Family Trust and disposed of therewith. The value of the gift is determined by subtracting the value of the qualified annuity interest from the value of the property contributed to the Trust. Under Treas. Reg. § 25.2702-2(6)(2), the value of a qualified annuity interest is determined under Code § 7520. Accordingly, for the transfer shown as Item 1 of Schedule A, Part 3 of the Return, there is shown below (1) the valuation of the initial fair market value of the Trust, (2) the annuity percentages taken from the Trust Agreement, (3) the annuity term taken from the Trust Agreement, (4) the § 7520 rate in effect for the month in which the transfers occurred, (5) the value of the qualified annuity and (6) the resulting gift. NY I A1520433101W/L69011DOCU650/.0001 EFTA_R1_02067165 EFTA02700573
On December 21, 2006, the Taxpayer contributed to the Trust a 30.35% limited partnership interest in Apollo Management IV LP, a Delaware limited partnership. The Taxpayer received no consideration from the Trust in return for his contribution. Based on an appraisal by Empire Valuation Consultants., a copy of which is attached as Exhibit G-2AP, on December 21, 2006 the gift tax value of the 30.35% limited partnership interest in Apollo Management IV, LP the Taxpayer transferred to the Trust was $1,420,000. (1) Initial Fair Market Value of the Trust Fund $1,420,000 (2) Annuity Rate Per Trust Agreement: 49.5683% in year I; 59.4820% in year 2 (3) Annuity Term Per Trust Agreement 2 Years (4) Section 7520 Rate for December 2006 5.8% (5) Value of Qualified Annuity $1,419,858 (6) Value of Gift $142.00 NY I A15204331.01W/1.69011.OOM6S04.O001 2 EFTA_R1_02067166 EFTA02700574
LEON D. BLACK Rider 1 to Form 709 United States Gift and Generation Skipping Transfer Tax Return Calendar Year 2006 Social Security No. 056-38-1069 Disclosure Pursuant to Regulation Section 301.6501(c)-1(f)(2) CONTRIBUTION TO JUDAH INVESTMENT TRUST C (Sch. A. Part 3, Item 1) The transaction referred to as Item I on Schedule A, Part 3 of this Return represents the contribution by Leon D. Black (the "Taxpayer") to the Judah Investment Trust C (the "Trust"), created under trust agreement dated December 21, 2006 (the "Trust Creation Date") between Leon D. Black, as settlor, and Leon D. Black and John Hannan, as trustees (the "Trust Agreement"). The Trust is a grantor-retained annuity trust in which the Taxpayer tetaineta Qualified inieresiasseingsljn_L2INCbLoi the...lotArnaLRsxentic..Code (the "Code"). A copy of the Trust Agreement is attached as Exhibit G-3. Under the terms of the Trust Agreement, an annuity is payable from the Trust to the Taxpayer (or, if the Taxpayer is not living, to the Taxpayer's estate) on the day before the first anniversary of the Trust Creation Date, and on the day before the 2nd and final anniversary of the Trust Creation Date during the Trust's 2-year term. The value of the first annuity is equal to such percent of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes that, when increased by twenty (20%) percent in the 2nd and final year of the 2-year term, results in the Taxpayer's right to receive the annuity payments having a value equal to 99.99% of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes. The value of the second and final annuity payable to the Taxpayer is equal to 120% of the value of the prior year's annuity. The Trust ends on the day before the 2nd anniversary of the Trust Creation Date. Upon the termination of the Trust, the remaining trust property will be distributed to the trustees of the Black 2006 Family Trust (the "Family Trust"), to be added to the principal of the Family Trust and disposed of therewith. The value of the gift is determined by subtracting the value of the qualified annuity interest from the value of the property contributed to the Trust. Under Treas. Reg. § 25.2702-2(6)(2), the value of a qualified annuity interest is determined under Code § 7520. Accordingly, for the transfer shown as Item 1 of Schedule A, Part 3 of the Return, there is shown below (I) the valuation of the initial fair market value of the Trust, (2) the annuity percentages taken from the Trust Agreement„ (3) the annuity term taken from the Trust Agreement, (4) the § 7520 rate in effect for the month in which the transfers occurred, (5) the value of the qualified annuity and (6) the resulting gift. NY I:II 520413l0RWL6901IDOCU6504.0001 EFTA_R1_02067167 EFTA02700575
On December 21, 2006, the Taxpayer contributed to the Trust a 30.35% limited partnership interest in Apollo Management V, LP, a Delaware limited partnership. The Taxpayer received no consideration from the Trust in return for his contribution. Based on art appraisal by Empire Valuation Consultants., a copy of which is attached as Exhibit G-3AP, on December 21, 2006 the gift tax value of the 30.35% limited partnership interest in Apollo Management V, LP the Taxpayer transferred to the Trust was $3,690,000. (1) Initial Fair Market Value of the Trust Fund S3,690,000 (2) Annuity Rate Per Trust Agreement: 49.5683% in year I; 59.4820% in year 2 (3) Annuity Term Per Trust Agreement 2 Years (4) Section 7520 Rate for December 2006 5.8% (5) Value of Qualified Annuity $3,689,631.00 (6) Value of Gift $369.00 NYIMS21243341W/149011DOC126501.0001 2 EFTA_R1_02067168 EFTA02700576
LEON D. BLACK Rider I to Form 709 United States Gift and Generation Skipping Transfer Tax Return Calendar Year 2006 Social Security No. 056-38-1069 Disclosure Pursuant to Regulation Section 301.6501(c)-1(f)(2) CONTRIBUTION TO JUDAH INVESTMENT TRUST D (Sch. A, Part 3, Item 1) The transaction referred to as Item 1 on Schedule A, Part 3 of this Return represents the contribution by Leon D. Black (the "Taxpayer") to the Judah Investment Trust D (the "Trust"), created under trust agreement dated December 21, 2006 (the "Trust Creation Date") between Leon D. Black, as settlor, and Leon D. Black and John Hannan, as trustees (the "Trust Agreement"). The Trust is a grantor-retained annuity trust in which the Taxpayer retained a Qualified interest as_defirmun § 270201 of the Internal Revenue Code _(the "Code"). A copy of the Trust Agreement is attached as Exhibit G-4. Under the terms of the Trust Agreement, an annuity is payable from the Trust to the Taxpayer (or, if the Taxpayer is not living, to the Taxpayer's estate) on the day before the first anniversary of the Trust Creation Date, and on the day before the 2nd and final anniversary of the Trust Creation Date during the Trust's 2-year term. The value of the first annuity is equal to such percent of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes that, when increased by twenty (20%) percent in the 2nd and final year of the 2-year term, results in the Taxpayer's right to receive the annuity payments having a value equal to 99.99% of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes. The value of the second and final annuity payable to the Taxpayer is equal to 120% of the value of the prior year's annuity. The Trust ends on the day before the 2nd anniversary of the Trust Creation Date. Upon the termination of the Trust, the remaining trust property will be distributed to the trustees of the Black 2006 Family Trust (the "Family Trust"), to be added to the principal of the Family Trust and disposed of therewith. The value of the gift is determined by subtracting the value of the qualified annuity interest from the value of the property contributed to the Trust. Under Treas. Reg. § 25.2702-2(6)(2), the value of a qualified annuity interest is determined under Code § 7520. Accordingly, for the transfer shown as Item 1 of Schedule A, Part 3 of the Return, there is shown below (I) the valuation of the initial fair market value of the Trust, (2) the annuity percentages taken from the Trust Agreement, (3) the annuity term taken from the Trust Agreement, (4) the § 7520 rate in effect for the month in which the transfers occurred, (5) the value of the qualified annuity and (6) the resulting gift. NYIA1510433*IML69011.00O26504.0001 EFTA_R1_02067169 EFTA02700577
On December 21, 2006, the Taxpayer contributed to the Trust a 30.35% limited partnership interest in Apollo Management VI, LP, a Delaware limited partnership. The Taxpayer received no consideration from the Trust in return for his contribution. Based on an appraisal by Empire Valuation Consultants., a copy of which is attached as Exhibit G-4AP, on December 21, 2006 the gift tax value of the 30.35% limited partnership interest in Apollo Management VI, LP the Taxpayer transferred to the Trust was $45,600,000. (1) Initial Fair Market Value of the Trust Fund $45,600,000 (2) Annuity Rate Per Trust Agreement: 49.5683% in year 1; 59.4820% in year 2 (3) Annuity Term Per Trust Agreement 2 Years (4) Section 7520 Rate for December 2006 5.8% (5) Value of Qualified Annuity $45,595,440 (6) Value of Gift $4,560.00 NYI US2013PORW1.69011 DOC\16504 0001 2 EFTA_R1_02067170 EFTA02700578
LEON D. BLACK Rider 1 to Form 709 United States Gift and Generation Skipping Transfer Tax Return Calendar Year 2006 Social Security No. 056-38-1069 Disclosure Pursuant to Regulation Section 301.6501(c)-1(O(2) CONTRIBUTION TO JUDAH INVESTMENT TRUST E (Sch. A. Part 3. Item 1) The transaction referred to as Item 1 on Schedule A, Part 3 of this Return represents the contribution by Leon D. Black (the "Taxpayer") to the Judah Investment Trust E (the "Trust"), created under trust agreement dated December 21, 2006 (the "Trust Creation Date") between Leon D. Black, as settlor, and Leon D. Black and John Hannan, as trustees (the "Trust Agreement"). The Trust is a grantor-retained annuity trust in which the Taxpayer retained a Q.ualified_Interest—as defined in § 2702(h) of ineinternal Revenue Code_(the "Code"). A copy of the Trust Agreement is attached as Exhibit O-5. Under the terms of the Trust Agreement, an annuity is payable from the Trust to the Taxpayer (or, if the Taxpayer is not living, to the Taxpayer's estate) on the day before the first anniversary of the Trust Creation Date, and on the day before the 2nd and final anniversary of the Trust Creation Date during the Trust's 2-year term. The value of the first annuity is equal to such percent of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes that, when increased by twenty (20%) percent in the 2nd and final year of the 2-year term, results in the Taxpayer's right to receive the annuity payments having a value equal to 99.99% of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes. The value of the second and final annuity payable to the Taxpayer is equal to 120% of the value of the prior year's annuity. The Trust ends on the day before the 2nd anniversary of the Trust Creation Date. Upon the termination of the Trust, the remaining trust property will be distributed to the trustees of the Black 2006 Family Trust (the "Family Trust"), to be added to the principal of the Family Trust and disposed of therewith. The value of the gift is determined by subtracting the value of the qualified annuity interest from the value of the property contributed to the Trust. Under Treas. Reg. § 25.2702-2(6)(2), the value of a qualified annuity interest is determined under Code § 7520. Accordingly, for the transfer shown as Item 1 of Schedule A, Part 3 of the Return, there is shown below (1) the valuation of the initial fair market value of the Trust, (2) the annuity percentages taken from the Trust Agreement, (3) the annuity term taken from the Trust Agreement, (4) the § 7520 rate in effect for the month in which the transfers occurred, (5) the value of the qualified annuity and (6) the resulting gift. NY111520133‘011WL69011.00026504.0001 EFTA_R1_02067171 EFTA02700579
On December 21, 2006, the Taxpayer contributed to the Trust a 26.8% limited partnership interest in Apollo Investment Management LP, a Delaware limited partnership. The Taxpayer received no consideration from the Trust in return for his contribution. Based on an appraisal by Empire Valuation Consultants., a copy of which is attached as Exhibit G- 5AP, on December 21, 2006 the gift tax value of the 26.8% limited partnership interest in Apollo Investment Management LP the Taxpayer transferred to the Trust was $227,000,000. (1) Initial Fair Market Value of the Trust Fund $227,000,000 (2) Annuity Rate Per Trust Agreement: 49.5683% in year 1; 59.4820% in year 2 (3) Annuity Term Per Trust Agreement 2 Years (4) Section 7520 Rate for December 2006 5.8% (5) Value of Qualified Annuity $226,977,300 (6) Value of Gift $22,700.00 NY1:152003‘01W/L690”.D0026304.000I 2 EFTA_R1_02067172 EFTA02700580
fg) LEON D. BLACK Rider I to Form 709 United States Gift and Generation Skipping Transfer Tax Return Calendar Year 2006 Social Security No. 056-38-1069 Disclosure Pursuant to Regulation Section 301.6501(c)- I (f)(2) CONTRIBUTION TO JUDAH INVESTMENT TRUST F (Sch. A. Part 3. Item 1) The transaction referred to as Item 1 on Schedule A, Part 3 of this Return represents the contribution by Leon D. Black (the "Taxpayer") to the Judah Investment Trust F (the "Trust"), created under trust agreement dated December 21, 2006 (the "Trust Creation Date") between Leon D. Black, as settlor, and Leon D. Black and John Hannan, as trustees (the "Trust Agreement"). The Trust is a grantor-retained annuity trust in which the Taxpayer retabacsLi Qua lifiettInt_CICASSIefilltd_in. §_2702.(b) of theinternal .Re.verttle C0.cle (the. ___ "Code"). A copy of the Trust Agreement is attached as Exhibit G-6. Under the terms of the Trust Agreement, an annuity is payable from the Trust to the Taxpayer (or, if the Taxpayer is not living, to the Taxpayer's estate) on the day before the first anniversary of the Trust Creation Date, and on the day before the 2nd and final anniversary of the Trust Creation Date during the Trust's 2-year term. The value of the first annuity is equal to such percent of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes that, when increased by twenty (20%) percent in the 2nd and final year of the 2-year term, results in the Taxpayer's right to receive the annuity payments having a value equal to 99.99% of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes. The value of the second and final annuity payable to the Taxpayer is equal to 120% of the value of the prior year's annuity. The Trust ends on the day before the 2nd anniversary of the Trust Creation Date. Upon the termination of the Trust, the remaining trust property will be distributed to the trustees of the Black 2006 Family Trust (the "Family Trust"), to be added to the principal of the Family Trust and disposed of therewith. The value of the gift is determined by subtracting the value of the qualified annuity interest from the value of the property contributed to the Trust. Under Treas. Reg. § 25.2702-2(b)(2), the value of a qualified annuity interest is determined under Code § 7520. Accordingly, for the transfer shown as Item 1 of Schedule A, Part 3 of the Return, there is shown below (1) the valuation of the initial fair market value of the Trust, (2) the annuity percentages taken from the Trust Agreement, (3) the annuity term taken from the Trust Agreement, (4) the § 7520 rate in effect for the month in which the transfers occurred, (5) the value of the qualified annuity and (6) the resulting gift. NY 1:11520433`.011W1.4901 !.0OC26501.0001 EFTA_R1_02067173 EFTA02700581
On December 21, 2006, the Taxpayer contributed to the Trust a 26.9% limited partnership interest in Apollo Value Investment Fund Management LP, a Delaware limited partnership. The Taxpayer received no consideration from the Trust in return for his contribution. Based on an appraisal by Empire Valuation Consultants., a copy of which is attached as Exhibit G- 6AP, on December 21, 2006 the gift tax value of the 26.9% limited partnership interest in Apollo Value Investment Fund Management LP the Taxpayer transferred to the Trust was $9,600,000. (1) Initial Fair Market Value of the Trust Fund $9,600,000 (2) Annuity Rate Per Trust Agreement: 49.5683% in year I; 59.4820% in year 2 (3) Annuity Term Per Trust Agreement 2 Years (4) Section 7520 Rate for December 2006 5.8% (5) Value of Qualified Annuity $9,599,040 (6) Value of Gift $960 NY1.3152041.1t0IM.690111)0026504.0001 2 EFTA_R1_02067174 EFTA02700582
LEON D. BLACK Rider to Form 709 United States Gift and Generation Skipping Transfer Tax Return Calendar Year 2006 Social Security No. 056-38-1069 Disclosure Pursuant to Regulation Section 301.6501(c)-1(f)(2) CONTRIBUTION TO JUDAH INVESTMENT TRUST G (Sch. A, Part 3, Item I) The transaction referred to as Item I on Schedule A, Part 3 of this Return represents the contribution by Leon D. Black (the "Taxpayer") to the Judah Investment Trust G (the "Trust"), created under trust agreement dated December 21, 2006 (the "Trust Creation Date") between Leon D. Black, as settlor, and Leon D. Black and John Hannan, as trustees (the "Trust Agreement"). The Trust is a grantor-retained annuity trust in which the Taxpayer retainecl-&-Qualified-Interestras_definerl in § 2702(h) of the Internal Reyenue_Code (the_ "Code"). A copy of the Trust Agreement is attached as Exhibit G-7. Under the terms of the Trust Agreement, an annuity is payable from the Trust to the Taxpayer (or, if the Taxpayer is not living, to the Taxpayer's estate) on the day before the first anniversary of the Trust Creation Date, and on the day before the 2nd and final anniversary of the Trust Creation Date during the Trust's 2-year term. The value of the first annuity is equal to such percent of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes that, when increased by twenty (20%) percent in the 2nd and final year of the 2-year term, results in the Taxpayer's right to receive the annuity payments having a value equal to 99.99% of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes. The value of the second and final annuity payable to the Taxpayer is equal to 120% of the value of the prior year's annuity. The Trust ends on the day before the 2nd anniversary of the Trust Creation Date. Upon the termination of the Trust, the remaining trust property will be distributed to the trustees of the Black 2006 Family Trust (the "Family Trust"), to be added to the principal of the Family Trust and disposed of therewith. 'The value of the gift is determined by subtracting the value of the qualified annuity interest from the value of the property contributed to the Trust. Under Treas. Reg. § 25.2702-2(b)(2), the value of a qualified annuity interest is determined under Code § 7520. Accordingly, for the transfer shown as Item 1 of Schedule A, Part 3 of the Return, there is shown below (1) the valuation of the initial fair market value of the Trust, (2) the annuity percentages taken from the Trust Agreement, (3) the annuity term taken from the Trust Agreement, (4) the § 7520 rate in effect for the month in which the transfers occurred, (5) the value of the qualified annuity and (6) the resulting gift. NY1:11$20433‘011WL6901!DOCk26$04.0001 EFTA_R1_02067175 EFTA02700583
On December 21, 2006, the Taxpayer contributed to the Trust a 44% limited partnership interest in Apollo SVF Management LP, a Delaware limited partnership. The Taxpayer received no consideration from the Trust in return for his contribution. Based on an appraisal by Empire Valuation Consultants., a copy of which is attached as Exhibit G-7AP, on December 21, 2006 the gift tax value of the 44% limited partnership interest in Apollo SVF Management LP the Taxpayer transferred to the Trust was $87,000,000 (I) Initial Fair Market Value of the Trust Fund $87,000,000 (2) Annuity Rate Per Trust Agreement: 49.5683% in year 1; 59.4820% in year 2 (3) Annuity Term Per Trust Agreement 2 Years (4) Section 7520 Rate for June 2004 5.8% (5) Value of Qualified Annuity $86,991,300 (6) Value of Gift $8,700.00 NYI:‘1320133WIML6901!.D0026504.0001 2 EFTA_R1_02067176 EFTA02700584
LEON D. BLACK Rider 1 to Form 709 United States Gift and Generation Skipping Transfer Tax Return Calendar Year 2006 Social Security No. 056-38-1069 Disclosure Pursuant to Regulation Section 301.650I(c)-1(O(2) CONTRIBUTION TO JUDAH INVESTMENT TRUST H (Sch. A, Part 3, Item 1) The transaction referred to as Item 1 on Schedule A, Part 3 of this Return represents the contribution by Leon D. Black (the "Taxpayer") to the Judah Investment Trust H (the "Trust"), created under trust agreement dated December 21, 2006 (the "Trust Creation Date") between Leon D. Black, as senior, and Leon D. Black and John Hannan, as trustees (the "Trust Agreement"). The Trust is a grantor-retained annuity trust in which the Taxpayer retained a Qualified interest, as_defined in_42702(h) of Intemal Code (the "Code"). A copy of the Trust Agreement is attached as Exhibit G-8. Under the terms of the Trust Agreement, an annuity is payable from the Trust to the Taxpayer (or, if the Taxpayer is not living, to the Taxpayer's estate) on the day before the first anniversary of the Trust Creation Date, and on the day before the 2nd and final anniversary of the Trust Creation Date during the Trust's 2-year term. The value of the first annuity is equal to such percent of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes that, when increased by twenty (20%) percent in the 2nd and final year of the 2-year term, results in the Taxpayer's right to receive the annuity payments having a value equal to 99.99% of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes. The value of the second and final annuity payable to the Taxpayer is equal to 120% of the value of the prior year's annuity. The Trust ends on the day before the 2nd anniversary of the Trust Creation Date. Upon the termination of the Trust, the remaining trust property will be distributed to the trustees of the Black 2006 Family Trust (the "Family Trust"), to be added to the principal of the Family Trust and disposed of therewith. The value of the gift is determined by subtracting the value of the qualified annuity interest from the value of the property contributed to the Trust. Under Treas. Reg. § 25.2702-2(b)(2), the value of a qualified annuity interest is determined under Code § 7520. Accordingly, for the transfer shown as Item 1 of Schedule A, Part 3 of the Return, there is shown below (1) the valuation of the initial fair market value of the Trust, (2) the annuity percentages taken from the Trust Agreement, (3) the annuity term taken from the Trust Agreement, (4) the § 7520 rate in effect for the month in which the transfers occurred, (5) the value of the qualified annuity and (6) the resulting gift. N Y I A1520433$01M.69011.DOW6504.0001 EFTA_R1_02067177 EFTA02700585
On December 21, 2006, the Taxpayer contributed to the Trust a 44% limited partnership interest in Apollo Asia Management LP, a Delaware limited partnership. The Taxpayer received no consideration from the Trust in return for his contribution. Based on an appraisal by Empire Valuation Consultants., a copy of which is attached as Exhibit G-8AP, on December 21, 2006 the gift tax value of the 44% limited partnership interest in Apollo Asia Management LP the Taxpayer transferred to the Trust was $20,800,000. (1) Initial Fair Market Value of the Trust Fund $20,800,000 (2) Annuity Rate Per Trust Agreement: 49.5683% in year 1; 59.4820% in year 2 (3) Annuity Term Per Trust Agreement 2 Years (4) Section 7520 Rate for December 2006 5.8% (5) Value of Qualified Annuity $20,797,920 (6) Value of Gift $2,080.00 NYIA1520133101W/LEADI! D0026504.0001 2 EFTA_R1_02067178 EFTA02700586
LEON D. BLACK Rider 1 to Fonn 709 United States Gift and Generation Skipping Transfer Tax Return Calendar Year 2006 Social Security No. 056-38-1069 Disclosure Pursuant to Regulation Section 301.6501(c)-1(f)(2) CONTRIBUTION TO JUDAH INVESTMENT TRUST I (Sch. A. Part 3. Item 1) The transaction referred to as Item 1 on Schedule A, Part 3 of this Return represents the contribution by Leon D. Black (the "Taxpayer") to the Judah Investment Trust I (the "Trust"), created under trust agreement dated December 21, 2006 (the "Trust Creation Date") between Leon D. Black, as senior, and Leon D. Black and John Hannan, as trustees (the "Trust Agreement"). The Trust is a grantor-retained annuity trust in which the Taxpayer retained_a_QualiftedInterestr as_rlefined in § 2702(6) of the Internal_Reyenue _Cask/the "Code"). A copy of the Trust Agreement is attached as Exhibit G-9. Under the terms of the Trust Agreement, an annuity is payable from the Trust to the Taxpayer (or, if the Taxpayer is not living, to the Taxpayer's estate) on the day before the first anniversary of the Trust Creation Date, and on the day before the 2nd and final anniversary of the Trust Creation Date during the Trust's 2-year term. The value of the first annuity is equal to such percent of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes that, when increased by twenty (20%) percent in the 2nd and final year of the 2-year term, results in the Taxpayer's right to receive the annuity payments having a value equal to 99.99% of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes. The value of the second and final annuity payable to the Taxpayer is equal to 120% of the value of the prior year's annuity. The Trust ends on the day before the 2nd anniversary of the Trust Creation Date. Upon the termination of the Trust, the remaining trust property will be distributed to the trustees of the Black 2006 Family Trust (the "Family Trust"), to be added to the principal of the Family Trust and disposed of therewith. The value of the gift is determined by subtracting the value of the qualified annuity interest from the value of the property contributed to the Trust. Under Treas. Reg. § 25.2702-2(b)(2), the value of a qualified annuity interest is determined under Code § 7520. Accordingly, for the transfer shown as Item 1 of Schedule A, Part 3 of the Return, there is shown below (1) the valuation of the initial fair market value of the Trust, (2) the annuity percentages taken from the Trust Agreement, (3) the annuity term taken from the Trust Agreement, (4) the § 7520 rate in effect for the month in which the transfers occurred, (5) the value of the qualified annuity and (6) the resulting gift. NY151320133tIMUS9011.1)0026$04.0001 EFTA_R1_02067179 EFTA02700587
On December 21, 2006, the Taxpayer contributed to the Trust a 44% limited partnership interest in Apollo Europe Management LP, a Delaware limited partnership. The Taxpayer received no consideration from the Trust in return for his contribution. Based on an appraisal by Empire Valuation Consultants., a copy of which is attached as Exhibit G-9AP, on December 21, 2006 the gift tax value of the 44% limited partnership interest in Apollo Europe Management LP the Taxpayer transferred to the Trust was $98,800,000. (1) Initial Fair Market Value of the Trust Fund $98,800,000 (2) Annuity Rate Per Trust Agreement: 49.5683% in year 1; 29.4820% in year 2 (3) Annuity Term Per Trust Agreement 2 Years (4) Section 7520 Rate for Deecember 2006 5.8% (5) Value of Qualified Annuity $98,790,120 (6) Value of Gift $9,880 NY I :XI 520433‘01kWI.64Y3 I 1.OOO36504.0C01 2 EFTA_R1_02067180 EFTA02700588
LEON D. BLACK Rider 1 to Form 709 United States Gift and Generation Skipping Transfer Tax Return Calendar Year 2006 Social Security No. 056-38-1069 Disclosure Pursuant to Regulation Section 301.6501(c)-I(O(2) CONTRIBUTION '1O JUDAH INVESTMENT TRUST J (Sch. A, Part 3, Item I) The transaction referred to as Item 1 on Schedule A, Part 3 of this Return represents the contribution by Leon D. Black (the "Taxpayer") to the Judah Investment Trust J (the "Trust"), created under trust agreement dated December 21, 2006 (the "Trust Creation Date") between Leon D. Black, as senior, and Leon D. Black and John Hannan, as trustees (the "Trust Agreement"). The Trust is a grantor-retained annuity trust in which the Taxpayer retained a-Qualified Interest, at defined in § 7709(h) of_theanternavenile_Code4the "Code"). A copy of the Trust Agreement is attached as Exhibit G-10. Under the terms of the Trust Agreement, an annuity is payable from the Trust to the Taxpayer (or, if the Taxpayer is not living, to the Taxpayer's estate) on the day before the first anniversary of the Trust Creation Date, and on the day before the 2nd and final anniversary of the Trust Creation Date during the Trust's 2-year term. The value of the first annuity is equal to such percent of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes that, when increased by twenty (20%) percent in the 2nd and final year of the 2-year term, results in the Taxpayer's right to receive the annuity payments having a value equal to 99.99% of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes. The value of the second and final annuity payable to the Taxpayer is equal to 120% of the value of the prior year's annuity. The Trust ends on the day before the 2nd anniversary of the Trust Creation Date. Upon the termination of the Trust, the remaining trust property will be distributed to the trustees of the Black 2006 Family Trust (the "Family Trust"), to be added to the principal of the Family Trust and disposed of therewith. The value of the gift is determined by subtracting the value of the qualified annuity interest from the value of the property contributed to the Trust. Under Treas. Reg. § 25.2702-2(b)(2), the value of a qualified annuity interest is determined under Code § 7520. Accordingly, for the transfer shown as Item 1 of Schedule A, Part 3 of the Return, there is shown below (I) the valuation of the initial fair market value of the Trust, (2) the annuity percentages taken from the Trust Agreement, (3) the annuity term taken from the Trust Agreement, (4) the § 7520 rate in effect for the month in which the transfers occurred, (5) the value of the qualified annuity and (6) the resulting gift. NY I AI 320433v) I W/L690 P.D0O26504.0001 EFTA_R1_02067181 EFTA02700589
On December 21, 2006, the Taxpayer contributed to the Trust a 44% limited partnership interest in Apollo Alternative Assets, LP, a Delaware limited partnership. The Taxpayer received no consideration from the Trust in return for his contribution. Based on an appraisal by Empire Valuation Consultants., a copy of which is attached as Exhibit G-10AP, on December 21, 2006 the gift tax value of the 44% limited partnership interest in Apollo Alternative Assets, LP the Taxpayer transferred to the Trust was $80,500,000. (1) Initial Fair Market Value of the Trust Fund $80,500,000 (2) Annuity Rate Per Trust Agreement: 49.5683% in year 1; 29.4820% in year 2 (3) Annuity Term Per Trust Agreement 2 Years (4) Section 7520 Rate for December 2006 5.8% (5) Value of Qualified Annuity $80,491,950 (6) Value of Gift $8,050.00 NY 1:11520O31011WL6901 DOO26500 0001 2 EFTA_R1_02067182 EFTA02700590
LEON D. BLACK Rider 1 to Form 709 United States Gift and Generation Skipping Transfer Tax Return Calendar Year 2006 Social Security No. 056-38-1069 Disclosure Pursuant to Regulation Section 301.650I(c)-1(0(2) CONTRIBUTION TO JUDAH INVESTMENT TRUST K (Sch. A, Part 3, Item 1) The transaction referred to as Item 1 on Schedule A, Part 3 of this Return represents the contribution by Leon D. Black (the "Taxpayer") to the Judah Investment Trust K (the "Trust"), created under trust agreement dated December 21, 2006 (the "Trust Creation Date") between Leon D. Black, as settlor, and Leon D. Black and John I4annan, as trustees (the "Trust Agreement"). The Trust is a grantor-retained annuity trust in which the Taxpayer retained—a-Qualified Interest, as_defined in 4.770/(h) of the Internal .Rev.entze_Codehthe_ "Code"). A copy of the Trust Agreement is attached as Exhibit G-11. Under the terms of the Trust Agreement, an annuity is payable from the Trust to the Taxpayer (or, if the Taxpayer is not living, to the Taxpayer's estate) on the day before the first anniversary of the Trust Creation Date, and on the day before the 2nd and final anniversary of the Trust Creation Date during the Trust's 2-year term. The value of the first annuity is equal to such percent of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes that, when increased by twenty (20%) percent in the 2nd and final year of the 2-year term, results in the Taxpayer's right to receive the annuity payments having a value equal to 99.99% of the fair market value of the trust fund of the Trust as finally determined for federal gift tax purposes. The value of the second and final annuity payable to the Taxpayer is equal to 120% of the value of the prior year's annuity. The Trust ends on the day before the 2nd anniversary of the Trust Creation Date. Upon the termination of the Trust, the remaining trust property will be distributed to the trustees of the Black 2006 Family Trust (the "Family Trust"), to be added to the principal of the Family Trust and disposed of therewith. The value of the gift is determined by subtracting the value of the qualified annuity interest from the value of the property contributed to the Trust. Under Treas. Reg. § 25.2702-2(b)(2), the value of a qualified annuity interest is determined under Code § 7520. Accordingly, for the transfer shown as Item I of Schedule A, Part 3 of the Return, there is shown below (1) the valuation of the initial fair market value of the Trust, (2) the annuity percentages taken from the Trust Agreement, (3) the annuity term taken from the Trust Agreement, (4) the § 7520 rate in effect for the month in which the transfers occurred, (5) the value of the qualified annuity and (6) the resulting gift. NY1:115204331011W1.69011DOC26504.0001 EFTA_R1_02067183 EFTA02700591
On December 21, 2006, the Taxpayer contributed to the Trust 142 Points of a limited partnership interest in Apollo Advisors VI, LP and Apollo Advisors VI (EH), LP, a Delaware limited partnership. The Taxpayer received no consideration from the Trust in return for his contribution. Based on an appraisal by Ernst & Young, LLP., a copy of which is attached as Exhibit CI-11AP, on December 21, 2006 the gift tax value of the 142 points partnership interest in Apollo Advisors VI, LP and Apollo Advisors VI (EH), LP the Taxpayer transferred to the Trust was $10,535,335. (1) Initial Fair Market Value of the Trust Fund $10,535,335 (2) Annuity Rate Per Trust Agreement: 49.5683% in year I; 59.4820% in year 2 (3) Annuity Term Per Trust Agreement 2 Years (4) Section 7520 Rate for December 2006 5.8% (5) Value of Qualified Annuity $10,534,281 Le Value of Gift $1053.53 NY I M5104331013/4WL6901! 0OO26504.0001 2 EFTA_R1_02067184 EFTA02700592
