Black Family 1997 GST Exempt Trust LDB 2011 LLC TOTAL $Amt Source of funds Black 2006 Family Trust $33mi1 September distribution from Apollo Credit Opportunity Fund and accumulated dividends on Apollo Inv Corp shares owned plus internal borrowing from Black Family Partners Black Family 1997 Trust $21mil cash from recent sale of art, cash from liquidation of equity account managed by Neuberger & Berman $ 3mi1 Cash held since trust was created $10mil Free Cash held in trust $67mi1 EFTA_R1_02050348 EFTA02696498

$6mil + interest transferred from Leon & Debra Black Acct 9982 as loan repay on Summary of money transfers in advance of Phaidon investment: $19 mil Trust Accounting income transferred from Black Family Partners Acct 0135 to LBF Holdings Acct 5824 and then to Leon & Debra B of A Accts ($5mil to checking 3840 and $14mi1 to 9982) promissory note alY $67,000 transferred from Leon & Debra Black Acct 9982 for 0.001% interest in Par \li‘ vg $20mi1 Transferred from LBF Holdings Acct 5824 to Black Family Partners Acct 0135 =loan repay of promissory note $164,318 transferred from LBF Acct 5832 for interest on that note $33mi1 transferred from Black Family Partners to Black Family 1997 Trust as loan Promissory note issued $54mil transferred from Black Family 1997 Trust to PLB LLC $3mil Transferred from the Black Family 1997 GST Exempt Trust to PLB LLC $10mil transferred from JPMorgan Acct 220-42260 of LDB 2011 LLC to PLB LLC E FTA_R 1_02050349 EFTA02696499