2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC Acr l Description Date Acquired method Life toe Noe Unadjusted Cog Or Basis Bus % Exci Reduction In Basis Basis For Depreciation Accumulated Depreciation Current Sec 179 Current Year Deduction LEASEHOLD 110IMPROVEMENT (NY) 123104150DB15.0017 25,000. 12,500. 12,500. 9,587. 739. LEASEHOLD 130IMPROVEMENT (NY) 022106150DB15.0017 10,485. 10,485. 7,080. 620. LEASEHOLD 131IMPROVEMENT (NY) 030306150DB15.0017 21,461. 21,461. 14,489. 1,268. LEASEHOLD 148IMPROVEMENT (NY) 021208150DB15.0017 11,736. 5,868. 5,868. 3,079. 347. LEASEHOLD 149IMPROVEMENT (NY) 121908150DB15.0017 16,000. 8,000. 8,000. 3,803. 473. LEASEHOLD 153IMPROVEMENT (NY) 070110150DB15.0017 75,753. 75,753. 0. LEASEHOLD 155IMPROVEMENT (NY) 111411150DB15.0017 11,227. 11,227. 0. LEASEHOLD 158IMPROVEMENT (NY) 050412150DB15.0017 4,167. 4,167. 0. LEASEHOLD 159IMPROVEMENT (NY) 111012150DB15.0017 14,059. 14,059. 0. LEASEHOLD 164IMPROVEMENT (NY) 091913150DB15.0017 131,030. 131,030. 0. LEASEHOLD 165IMPROVEMENT (NY) 121713150DB15.0017 9,633. 9,633. 0. LEASEHOLD 166IMPROVEMENT (NY) 123113150DB15.0017 100,954. 100,954. 0. LEASEHOLD 173IMPROVEMENT (NY) 022714150DB15.0017 12,760. 12,760. 0. LEASEHOLD 174IMPROVEMENT (NY) 060414150DB15.0017 156,004. 156,004. 0. LEASEHOLD 181IMPROVEMENT (NY) 080515150DB15.0017 63,396. 63,396. 0. * OTHER TOTAL BUILDINGS 1,430,611, 779,277. 651,334. 318,975. 17,155. * OTHER TOTAL - 1,430,611. 779,277. 651,334. 318,975. 17,155. JBUILDINGS 628162 04.01.16 (D) - Asset disposod • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806213

2016 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR STATE - NEXT MANAGEMENT LLC Af4:4i ND Description Date Acquired Method Life boo NO Unadjusted Cost Or Basis Bus % Excl Reduction In Basis Basis For Depreciation Accumulated Depreciation Current Sec 179 Current Year Deduction LEASEHOLD 38IMPROVEMENT (FL) 08289&SL 39.0017 29,553. 29,553. 13,171. 758. LEASEHOLD 167IMPROVEMENT (FL) 092613150DB15.0017 13,994. 13,994. 0. LEASEHOLD 182IMPROVEMENT (FL) 092515150DB15.0017 25,179. 25,179. 0. * OTHER TOTAL BUILDINGS 68,726. 39,173. 29,553. 13,171. 758. * OTHER TOTAL - 68,726. 39,173. 29,553. 13,171. 758. LEASEHOLD 196IMPROVEMENT (CA) 010516150DB15.0019E 11,130. 11,130. 11,130. 11,130. LEASEHOLD 197IMPROVEMENT (CA) 032316150DB15.0019E 25,305. 25,305. 25,305. 25,305. LEASEHOLD 198IMPROVEMENT (CA) 061416150DB15.0019E 10,561. 10,561. 10,561. 10,561. * OTHER TOTAL OTHER 46,996. 46,996. 0. 46,996. 46,996. BUILDINGS LEASEHOLD 25IMPROVEMENT (CA) 070195SL 39.0017 11,498. 11,498. 6,067. 295. LEASEHOLD 116IMPROVEMENT (CA) 022405150DB15.0017 6,000. 6,000. 4,407. 354. LEASEHOLD 117IMPROVEMENT (CA) 032105150DB15.0017 800. 800. 586. 47. LEASEHOLD 160IMPROVEMENT (CA) 091612150DB15.0017 5,285. 5,285. 0. LEASEHOLD 168IMPROVEMENT (CA) 083113150DB15.0017 21,300. 21,300. 0. LEASEHOLD 183IMPROVEMENT (CA) 062615150DB15.0017 44,230. 44,230. 0. * OTHER TOTAL BUILDINGS 89,113. 70,815. 18,298. 11,060. 696. i* OTHER TOTAL - 136,109. 117,811. 18,298. 11,060.46,996. 47,692. 628162 04.01.16 (D) Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806214

2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC set w1 Description Ma k Date d Method Life toe No Unadjusted Cost Or Basis Bus% b(0 Reduction In Basis Basis For Depreciation Accumulated Depreciation Current Sec 179 Current Deduction FURNITURE & FIXTURES FURNITURE & IFIXTURES (NY) 053191SL 7.00 16 4,775. 4,775. 4,775. 0. FURNITURE & 7FIXTURES (NY) 010489SL 5.00 16 26,013. 26,013. 26,013. 0. FURNITURE & "MIXTURES (NY) 070190SL 7.00 16 4,541. 3,465. 1,076. 1,076. 0. FURNITURE & 26FIXTURES (NY) 070195SL 7.00 16 31,451. 31,451. 31,451. 0. FURNITURE & 31FIXTURES (NY) 070196SL 7.00 16 35,874. 17,500. 18,374. 18,374. 0. FURNITURE & 35FIXTURES (NY) 070197SL 7.00 16 8,872. 8,872. 0. FURNITURE & 39FIXTURES (NY) 070198SL 7.00 16 12,254. 12,254. 12,254. 0. FURNITURE & 48FIXTURES (NY) 070199SL 7.00 16 66,766. 66,766. 66,766. 0. FURNITURE & 6MIXTURES (NY) 070100SL 7.00 16 39,506. 39,506. 39,506. 0. FURNITURE & 70'FIXTURES (NY) 043002SL 7.00 16 12,000. 12,000. 0. FURNITURE & 98FIXTURES (NY) 112503SL 7.00 16 3,598. 1,799. 1,799. 1,799. 0. FURNITURE & 99FIXTURES (NY) 120403SL 7.00 16 28,027. 14,014. 14,013. 14,013. 0. FURNITURE & 100FIXTURES (NY) 080803SL 7.00 16 48,543. 24,272. 24,271. 24,271. 0. FURNITURE & 101FIXTURES (NY) 092603SL 7.00 16 3,874. 1,937. 1,937. 1,937. 0. FURNITURE & 102FIXTURES (NY) 120803SL 7.00 16 7,275. 3,638. 3,637. 3,637. 0. FURNITURE & 111FIXTURES (NY) 112304SL 7.00 16 6,001. 6,001. 0. FURNITURE & 112FIXTURES (NY) 013004SL 7.00 16 165. 165. 0. 628107 04411-16 (D) Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806215

2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC :.se-41 No Description Ma k Date d Method Life L00 No Cost Unadjusted Or Basis Bus % Excl Reduction In Basis Basis For Depreciation Accumulated a Depreciation Current Sec 179 Current Year Deduction FURNITURE & 124FIXTURES (NY) 012005SL 7.00 16 6,215. 6,215. 0. FURNITURE & 125FIXTURES (NY) 031105SL 7.00 16 111. 111. 0. FURNITURE & 126FIXTURES (NY) 061705SL 7.00 16 8,440. 8,440. 0. FURNITURE & 127FIXTURES (NY) 071405SL 7.00 16 936. 936. 0. FURNITURE & 134FIXTURES (NY) 031406SL 7.00 16 4,664. 4,664. 0. FURNITURE & 141FIXTURES (NY) 021407SL 7.00 16 4,881. 4,881. 0. FURNITURE & 142FIXTURES (NY) 051507SL 7.00 16 6,610. 6,610. 0. FURNITURE & 150IFIXTURES (NY) 050708SL 7.00 16 3,542. 3,542. 0. FURNITURE & 151FIXTURES (NY) 122608SL 7.00 16 4,400. 4,400. 0. FURNITURE & 152FIXTURES (NY) 012309SL 7.00 16 4,400. 4,400. 0. FURNITURE & 154FIXTURES (NY) 011410SL 5.00 16 1,214. 1,214. 0. FURNITURE & 169FIXTURES (NY) 080813SL 7.00 16 39,929. 39,929. 0. FURNITURE & 170'FIXTURES (NY) 123113SL 7.00 16 11,688. 11,688. 0. FURNITURE & 175FIXTURES (NY) 011014SL 7.00 16 23,085. 23,085. 0. FURNITURE & 176FIXTURES (NY) 021414SL 7.00 16 41,566. 41,566. 0. FURNITURE & 177FIXTURES (NY) 050714SL 7.00 16 17,813. 17,813. 0. FURNITURE & 185FIXTURES (NY) 070115200DB7.00 17 8,706. 8,706. 0. * OTHER TOTAL FURNITURE AND FIXTU 527,735. 281,863. 245,872. 245,872. 0. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806216

2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC Assai DesOption Date Mak d Method Life toe No Unadjusted Cost Or Basis Bus % Excl Reduction In Basis Basis For Depreciation Accumulated Depreciation Current Sec 179 Current Year Deduction * OTHER TOTAL — 527,735. 281,863. 245,872. 245,872. 0. FURNITURE & FIXTURES FURNITURE & 32FIXTURES (FL) 070196SL 7.00 16 16,528. 16,528. 16,528. 0. FURNITURE & 36FIXTURES (FL) 070197SL 7.00 16 1,952. 1,952. 0. FURNITURE & 40'FIXTURES (FL) 070198SL 7.00 16 21,639. 21,639. 21,639. 0. FURNITURE & 49FIXTURES (FL) 070199SL 7.00 16 1,953. 1,953. 1,953. 0. FURNITURE & 132FIXTURES (FL) 051506SL 7.00 16 2,789. 2,789. 0. FURNITURE & 133FIXTURES (FL) 072006SL 7.00 16 2,999. 2,999. 0. FURNITURE & 171FIXTURES (FL) 012913SL 7.00 16 2,825. 2,825. 0. FURNITURE & 178FIXTURES (FL) 071014SL 7.00 16 7,196. 7,196. 0. FURNITURE & 184FIXTURES (FL) 101215200DB7.00 17 3,778. 3,778. 0. FURNITURE & 194FIXTURES (FL) 060191SL 7.00 16 16,047. 16,047. 16,047. 0. * OTHER TOTAL FURNITURE AND FIXTU 77,706. 21,539. 56,167. 56,167. 0. * OTHER TOTAL - 77,706. 21,539. 56,167. 56,167. 0. FURNITURE & FIXTURES FURNITURE & 27FIXTURES (CA) 070195SL 7.00 16 16,832. 16,832. 16,832. 0. FURNITURE & 33FIXTURES 070196SL 7.00 16 6,256. 6,256. 6,256. 0. FURNITURE & 41FIXTURES (CA) 070198SL 7.00 16 13,092. 13,092. 13,092. 0. 628162 04.01.16 (D) -Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806217

2016 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR STATE - NEXT MANAGEMENT LLC As.s4i ND Description Date Acquir d Method Life too NO Unadjusted Cost Or Basis Bus % Excl Reduction In Basis Basis For Depreciation Accumulated Depreciation Current Sec 179 Current Year Deduction FURNITURE & 118,FIXTURES (CA) 031605SL 7.00 16 6,191. 6,191. 0. FURNITURE & 119'FIXTURES (CA) 042905SL 7.00 16 7,975. 7,975. 0. * OTHER TOTAL FURNITURE AND FIXTU 50,346. 14,166. 36,180. 36,180. 0. * OTHER TOTAL - 50,346. 14,166. 36,180. 36,180. 0. MACHINERY & EQUIPMENT 179SOFTWARE (NY) 012215SL 3.00 16 155,603. 77,802. 77,801. 23,773. 25,934. * OTHER TOTAL MACHINERY AND EQUIP 155,603. 77,802. 77,801. 23,773. 25,934. * OTHER TOTAL - 155,603. 77,802. 77,801. 23,773. 25,934. 18TORGANIZATION COSTS 010489709 60M 43 26,951. 26,951. 26,951. 0. 18&START-UP COSTS 071692195 60M 43 26,000. 26,000. 26,000. 0. 189START-UP COSTS 070192195 60M 43 25,000. 25,000. 25,000. 0. COVENANT NOT TO 19DCOMPETE 103110197 180M 43 3,000,000, 3,000,000. 333 1 „033 . 200,000. 19LORGANIZATION COSTS 061515709 180M 43 15,790. 15,790. 614. 1,053. * OTHER TOTAL OTHER 3 D93 741. „ 741 3„093 . 1 „111 898. 201,053. BUILDINGS LEASEHOLD 186IMPROVEMENT (MET) 070115150DB15.0017 10,000. 10,000. 0. LEASEHOLD 199IMPROVEMENT (MET) 052816150DB15.0019E 12,600. 12,600. 12,600. 12,600. * OTHER TOTAL JBUILDINGS 22,600. 22,600. 0. 12,600. 12,600. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806218

2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE - NEXT MANAGEMENT LLC eesal Na Description Date Anuired Method Life tea No Unadjusted Cost Or Basis Bus % Excl Reduction In Basis Basis For Depreciation Accumulated Depreciation Current Sec 179 Current Year Deduction * OTHER TOTAL - 3,116,341. 22,600. 3,093, 741. 1,111,898 2,600. 213,653. * GRAND TOTAL OTHERI DEPR AND AMORT 7,281 ,292 1,881,889. 5,399,403. 3,007,553 64,523. 310,119. 628102 04.01-16 (D) Asset disposed • ITC. Section 179. Sal 'age. Bonus. Commercial Revitalization Deduction EFTA00806219

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC Ace.O1 Description Date Mowed Method We Unadjusted CoM0rBasis ReduclionM Basis Basis For Depreciation Accumulated Depreciation Amount DI Depreciation 105MAINTENANCE (NY) 022504SL 3.00 7,750. 7,750. 0. * OTHER TOTAL OTHER 7,750. 7,750. 0. 0. 0. MACHINERY & EQUIPMENT DCOMPUTER EQUIPMENT(NY) 103191SL 5.00 16,816. 16,816. 16,816. 0. 4OFFICE EQUIPMENT (NY) 010489SL 5.00 12,215. 12,215. 12,215. 0. SCOMPUTER EQUIPMENT (NY) 010489SL 5.00 47,819. 47,819. 47,819. 0. &OFFICE EQUIPMENT(NY) 070190SL 5.00 6,535. 6,535. 0. 11COMPUTER EQUIPMENT (NY) 013192SL 5.00 8,539. 8,539. 8,539. 0. 12PRINTER (NY) 022693SL 5.00 4,241. 4,241. 4,241. 0. 13OFFICE EQUIPMENT (NY) 051093SL 5.00 2,382. 2,382. 2,382. 0. 14OFFICE EQUIPMENT (NY) 100193SL 5.00 2,454. 2,454. 2,454. 0. 15COMPUTER EQUIPMENT (NY) 110193SL 5.00 31,034.17,500. 13,534. 13,534. 0. 23OFFICE EQUIPMENT (NY) 070195SL 5.00 55,855. 55,855. 55,855. 0. 28OFFICE EQUIPMENT (NY) 070196SL 5.00 45,326. 45,326. 45,326. 0. 42OFFICE EQUIPMENT (NY) 070198SL 5.00 126,474. 126,474. 126,474. 0. 5000MPUTER EQUIPMENT (NY) 070199SL 5.00 202,098. 202,098. 202,098. 0. 53COMPUTER EQUIPMENT (NY) 070197SL 5.00 38,206. 38,206. 38,206. 0. 55COMPUTER -96 RETIRED 070196SL 5.00 -19,757. -19,757. -19,757. 0. 56COMPUTER EQUIPMENT (NY) 070100SL 5.00 174,341. 174,341. 174,341. 0. 61OFFICE EQUIPMENT (NY) 010101SL 5.00 2,014. 2,014. 0. 62OFFICE EQUIPMENT (NY) 010101SL 5.00 1,959. 1,959. 0. 71COMPUTER EQUIPMENT (NY) 041003SL 5.00 41,698.41,698. 0. 72COMPUTER EQUIPMENT (NY) 041003SL 5.00 20,169.20,169. 0. 73COMPUTER EQUIPMENT (NY) 042403SL 5.00 3,372. 3,372. 0. 74COMPUTER EQUIPMENT (NY) 052303SL 5.00 4,443. 4,443. 0. 75COMPUTER EQUIPMENT (NY) 061703SL 5.00 6,582. 6,582. 0. 76COMPUTER EQUIPMENT (NY) 072203SL 5.00 5,359. 5,359. 0. 77COMPUTER EQUIPMENT (NY) 080603SL 5.00 19,961.19,961. 0. 78OFFICE EQUIPMENT (NY) 082203SL 5.00 8,045. 4,023. 4,022. 4,022. 0. 103COMPUTER EQUIPMENT (NY) 040103SL 5.00 46,500.13,950. 32,550. 32,550. 0. 104OFFICE EQUIPMENT (NY) 010504SL 5.00 10,835.10,835. 0. 1200FFICE EQUIPMENT (NY) 020705SL 5.00 6,714. 6,714. 0. 12 FFICE EQUIPMENT (NY) 020505SL 5.00 2,496. 2,496. 0. 12ZDFFICE EQUIPMENT (NY) 021505SL 5.00 2,086. 2,086. 0. 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806220

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC ASe.41 Description Date Mowed Method We Unadjusted CostOrBasis ReduclionM Basis ElasitiFOr Basis Accumulated Depreciation Amount DI Depreciation 123OFFICE EQUIPMENT (NY) 110105SL 5.00 13,164.13,164. 0. 128OFFICE EQUIPMENT (NY) 021606SL 5.00 9,755. 9,755. 0. 135OFFICE EQUIPMENT (NY) 051507SL 5.00 39,598.39,598. 0. 130OFFICE EQUIPMENT (NY) 112007SL 5.00 19,628.19,628. 0. 143OFFICE EQUIPMENT (NY) 031808SL 5.00 8,967. 8,967. 0. 144OFFICE EQUIPMENT (NY) 050708SL 5.00 16,400.16,400. 0. 145OFFICE EQUIPMENT (NY) 070208SL 5.00 11,364.11,364. 0. 150OFFICE EQUIPMENT (NY) 053111SL 5.00 4,382. 4,382. 0. 161OFFICE EQUIPMENT (NY) 022212SL 5.00 6,075. 6,075. 0. 162OFFICE EQUIPMENT (NY) 062212SL 5.00 3,325. 3,325. 0. 163OFFICE EQUIPMENT (NY) 080513SL 5.00 11,001.11,001. 0. 172OFFICE EQUIPMENT (NY) 032814SL 5.00 22,211.22,211. 0. * OTHER TOTAL MACHINERY AND EQUIP 1,102,661. 335,566. 767,115. 767,115. 0. * OTHER TOTAL - 1,110,431. 343,316. 767,115. 767,115. 0. 106MAINTENANCE (FL) 022504SL 3.00 2,500. 2,500. 0. 192OFFICE EQUIP-FL 080603200DB5.00 2,098. 1,049. 1,049. 1,049. 0. * OTHER TOTAL OTHER 4,598. 3,549. 1,049. 1,049. 0. MACHINERY & EQUIPMENT LOFFICE EQUIPMENT (FL) 083191SL 5.00 12,526. 12,526. 12,526. 0. 16OFFICE EQUIPMENT (USED CAR (FL)) 060193SL 5.00 2,500. 2,500. 2,500. 0. 29OFFICE EQUIPMENT (FL) 070196SL 5.00 10,695. 10,695. 10,695. 0. 43OFFICE EQUIPMENT (FL) 070198SL 5.00 77,109. 77,109. 77,109. 0. 51COMPUTER EQUIPMENT (FL) 070199SL 5.00 45,399. 45,399. 45,399. 0. 54COMPUTER EQUIPMENT (FL) 070197SL 5.00 12,929. 12,929. 12,929. 0. 57COMPUTER EQUIPMENT (FL) 070100SL 5.00 66,827. 66,827. 66,827. 0. 63OFFICE EQUIPMENT (FL) 010101SL 5.00 4,899. 4,899. 0. 64-OFFICE EQUIPMENT (FL) 010101SL 5.00 4,244. 4,244. 0. 79OFFICE EQUIPMENT (FL) 040903SL 5.00 11,449. 3,435. 8,014. 8,014. 0. 80OFFICE EQUIPMENT (FL) 040903SL 5.00 5,563. 1,669. 3,894. 3,894. 0. 81OFFICE EQUIPMENT (FL) 040903SL 5.00 15,000. 4,500. 10,500. 10,500. 0. 82OFFICE EQUIPMENT (FL) 060303SL 5.00 4,088. 2,044. 2,044. 2,044. 0. 83OFFICE EQUIPMENT (FL) 063003SL 5.00 1,880. 940. 940. 940. 0. 86OFFICE 831OFFICE EQUIPMENT (FL) EQUIPMENT (FL) 080603SL 100203SL 5.00 5.00 2,187. 1,639. 1,093. 819. 1,094. 820. 1,094. 820. 0. 0. 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806221

2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR STATE — NEXT MANAGEMENT LLC ANI Description Date Accitmed Method Life Unadjusted CostOrBasis ReductionM Basis Basis For Depreciatim Accumulated Depreciation Amount DI Depreciation 86OFFICE EQUIPMENT (FL) 111803SL 5.00 3,355. 1,678. 1,677. 1,677. 0. 87OFFICE EQUIPMENT (FL) 123103SL 5.00 3,596. 1,798. 1,798. 1,798. 0. 114OFFICE EQUIPMENT (FL) 020705SL 5.00 2,110. 2,110. 0. 129OFFICE EQUIPMENT (FL) 020906SL 5.00 5,550. 5,550. 0. 137OFFICE EQUIPMENT (FL) 051507SL 5.00 11,175.11,175. 0. 13&OFFICE EQUIPMENT (FL) 112007SL 5.00 5,328. 5,328. 0. 146OFFICE EQUIPMENT (FL) 012308SL 5.00 12,116.12,116. 0. 193COMPUTER EQUIPMENT(FL) 103191SL 5.00 1,225. 1,225. 1,225. 0. * OTHER TOTAL MACHINERY AND EQUIP 323,389.63,398. 259,991. 259,991. 0. * OTHER TOTAL - 327,987.66,947. 261,040. 261,040. 0. MACHINERY & EQUIPMENT 52COMPUTER EQUIPMENT (CA) 070199SL 5.00 69,509. 69,509. 69,509. 0. 58COMPUTER EQUIPMENT (CA) 070100SL 5.00 66,027. 66,027. 66,027. 0. 65OFFICE EQUIPMENT (CA) 010101SL 5.00 1,161. 1,161. 0. 66OFFICE EQUIPMENT (CA) 010101SL 5.00 1,546. 1,546. 0. 67OFFICE EQUIPMENT (CA) 010101SL 5.00 1,132. 1,132. 0. 68OFFICE EQUIPMENT (CA) 010101SL 5.00 2,273. 2,273. 0. 69OFFICE EQUIPMENT (CA) 071502SL 5.00 4,569. 4,569. 0. 88OFFICE EQUIPMENT (CA) 040903SL 5.00 17,211. 5,163. 12,048. 12,048. 0. 89OFFICE EQUIPMENT (CA) 041603SL 5.00 15,000. 4,500. 10,500. 10,500. 0. 90OFFICE EQUIPMENT (CA) 063003SL 5.00 6,016. 3,008. 3,008. 3,008. 0. 91OFFICE EQUIPMENT (CA) 123103SL 5.00 2,420. 1,210. 1,210. 1,210. 0. 107OFFICE EQUIPMENT (CA) 092904SL 5.00 8,646. 8,646. 0. 113OFFICE EQUIPMENT (CA) 010104SL 5.00 2,500. 2,500. 0. 115OFFICE EQUIPMENT (CA) 031605SL 5.00 1,984. 1,984. 0. 139OFFICE EQUIPMENT (CA) 051507SL 5.00 8,293. 8,293. 0. 140OFFICE EQUIPMENT (CA) 112007SL 5.00 3,084. 3,084. 0. 147OFFICE EQUIPMENT (CA) 012308SL 5.00 14,069.14,069. 0. 157OFFICE EQUIPMENT (CA) 111411SL 5.00 13,425.13,425. 0. 180OFFICE EQUIPMENT (CA) 123115200DB5.00 35,905.35,905. 0. 195OFFICE EQUIPMENT (CA) 042616200DB5.00 4,927. 4,927. 0. * OTHER TOTAL MACHINERY AND EQUIP 279,697. 117,395. 162,302. 162,302. 0. * OTHER TOTAL - 279,697. 117.395. 162,302. 162,302. 0. AUILDINGS 628100 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806222

2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR STATE — NEXT MANAGEMENT LLC A.Sol bk, Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciatm Accumulated Depreciation Amount Of Depreciation 6LEASEHOLD IMPROVEMENT (NY) 010489SL 5.00 25,209. 25,209. 25,209. 0. 9LEASEHOLD IMPROVEMENT (NY) 070190SL 31.00 33,158. 33,158. 33,158. 0. 1TLEASEHOLD IMPROVEMENT (NY) 022894SL 39.00 8,179. 8,179. 4,594. 210. 18LEASEHOLD IMPROVEMENT (NY) 043094SL 39.00 2,319. 2,319. 1,281. 59. 19/LEASEHOLD IMPROVEMENT (NY) 073194SL 39.00 10,964. 10,964. 6,030. 281. 20CEASEHOLD IMPROVEMENT (NY) 083194SL 39.00 32,074. 32,074. 17,571. 822. 21LEASEHOLD IMPROVEMENT (NY) 103094SL 39.00 11,325. 11,325. 6,151. 290. 22LEASEHOLD IMPROVEMENT (NY) 113094SL 39.00 12,425. 12,425. 6,739. 319. 24LEASEHOLD IMPROVEMENT (NY) 070195SL 39.00 12,155. 12,155. 6,729. 312. 30C,EASEHOLD IMPROVEMENT (NY) 070196SL 39.00 54,075. 54,075. 28,356. 1,386. 34LEASEHOLD IMPROVEMENT (NY) 070197SL 39.00 55,400. 55,400. 27,632. 1,420. 37LEASEHOLD IMPROVEMENT (NY) 112298SL 39.00 11,700. 11,700. 5,438. 300. 4TLEASEHOLD IMPROVEMENT (NY) 070199SL 39.00 112,785. 112,785. 50,491. 2,892. 59LEASEHOLD IMPROVEMENT (NY) 070100SL 39.00 37,330. 37,330. 15,751. 957. 92LEASEHOLD IMPROVEMENT (NY) 062203SL 39.00 103,492.51,746. 51,746. 17,970. 1,327. 93LEASEHOLD IMPROVEMENT (NY) 072403SL 39.00 26,080.13,040. 13,040. 4,495. 334. 94LEASEHOLD IMPROVEMENT (NY) 081203SL 39.00 17,758. 8,879. 8,879. 3,050. 228. 95LEASEHOLD IMPROVEMENT (NY) 091803SL 39.00 128,435.64,218. 64,217. 21,892. 1,647. 96LEASEHOLD IMPROVEMENT (NY) 102803SL 39.00 16,767. 8,384. 8,383. 2,840. 215. 97LEASEHOLD IMPROVEMENT (NY) 111903SL 39.00 41,981.20,991. 20,990. 7,061. 538. 108LEASEHOLD IMPROVEMENT (NY) 011604SL 39.00 5,649. 2,825. 2,824. 933. 72. 109LEASEHOLD IMPROVEMENT (NY) 021704SL 39.00 7,686. 3,843. 3,843. 1,274. 99. 1101LEASEHOLD IMPROVEMENT (NY) 123104150DB15.00 25,000.12,500. 12,500. 10,326. 738. 130CEASEHOLD IMPROVEMENT (NY) 022106150DBE5.00 10,485. 10,485. 7,700. 619. 131LEASEHOLD IMPROVEMENT (NY) 030306150DB15.00 21,461. 21,461. 15,757. 1,266. 148LEASEHOLD IMPROVEMENT (NY) 021208150DBE5.00 11,736. 5,868. 5,868. 3,426. 346. 149LEASEHOLD IMPROVEMENT (NY) 121908150DB15.00 16,000. 8,000. 8,000. 4,276. 472. 151LEASEHOLD IMPROVEMENT (NY) 070110150DBE5.00 75,753.75,753. 0. 155LEASEHOLD IMPROVEMENT (NY) 111411150DB15.00 11,227.11,227. 0. 158LEASEHOLD IMPROVEMENT (NY) 050412150DBE5.00 4,167. 4,167. 0. 159LEASEHOLD IMPROVEMENT (NY) 111012150DB15.00 14,059.14,059. 0. 164LEASEHOLD IMPROVEMENT (NY) 091913150DBE5.00 131,030. 131,030, 0. 165LEASEHOLD IMPROVEMENT (NY) 121713150DB15.00 9,633. 9,633. 0. 166LEASEHOLD IMPROVEMENT (NY) 123113150DBE5.00 100,954. 100,954. 0. 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806223

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC Afe.ol DescriMio Date Mound Method 1-04 Unadjusted 0CIM Or Basis 110010000 In 154M Bass For DorMAN Accumulated Depreciation Amount 01 Depreciation 171LEASEHOLD IMPROVEMENT (NY) 022714150DB15.00 12,760.12,760. 0. 174LEASEHOLD IMPROVEMENT (NY) 060414150DB0.5.00 156,004. 156,004. 0. 181LEASEHOLD IMPROVEMENT (NY) 080515150DB15.00 63,396.63,396. 0. * OTHER TOTAL BUILDINGS 1,430,611. 779,277, 651,334. 336,130. 17,149. * OTHER TOTAL - 1,430,611. 779,277. 651,334. 336,130. 17,149. BUILDINGS 3aLEASEHOLD IMPROVEMENT (FL) 082898SL 39.00 29,553. 29,553. 13,929. 758. 167LEASEHOLD IMPROVEMENT (FL) 092613150DBI5.00 13,994.13,994. 0. 182LEASEHOLD IMPROVEMENT (FL) 092515150DB15.00 25,179.25,179. 0. * OTHER TOTAL BUILDINGS 68,726.39,173. 29,553. 13,929. 758. * OTHER TOTAL - 68,726.39,173. 29,553. 13,929. 758. 196LEASEHOLD IMPROVEMENT (CA) 010516150DBI5.00 11,130.11,130. 0. 197LEASEHOLD IMPROVEMENT (CA) 032316150DB15.00 25,305.25,305. 0. 198LEASEHOLD IMPROVEMENT (CA) 061416150DBE5.00 10,561.10,561. 0. * OTHER TOTAL OTHER 46,996.46,996. 0. 0. 0. BUILDINGS 25LEASEHOLD IMPROVEMENT (CA) 070195SL 39.00 11,498. 11,498. 6,362. 295. 116LEASEHOLD IMPROVEMENT (CA) 022405150DB0.5.00 6,000. 6,000. 4,761. 355. 117LEASEHOLD IMPROVEMENT (CA) 032105150DB15.00 800. 800. 633. 47. 160CEASEHOLD IMPROVEMENT (CA) 091612150DBI5.00 5,285. 5,285. 0. 168LEASEHOLD IMPROVEMENT (CA) 083113150DB15.00 21,300.21,300. 0. 181LEASEHOLD IMPROVEMENT (CA) 062615150DBE5.00 44,230.44,230. 0. * OTHER TOTAL BUILDINGS 89,113.70,815. 18,298. 11,756. 697. * OTHER TOTAL - 136,109. 117,811• 18,298. 11,756. 697. FURNITURE & FIXTURES IFURNITURE & FIXTURES (NY) 053191SL 7.00 4,775. 4,775. 4,775. 0. 7FURNITURE & FIXTURES (NY) 010489SL 5.00 26,013. 26,013. 26,013. 0. 10IFURNITURE & FIXTURES (NY) 070190SL 7.00 4,541. 3,465. 1,076. 1,076. 0. 26FURNITURE & FIXTURES (NY) 070195SL 7.00 31,451. 31,451. 31,451. 0. 31FURNITURE & FIXTURES (NY) 070196SL 7.00 35,874.17,500. 18,374. 18,374. 0. 35FURNITURE & FIXTURES (NY) 070197SL 7.00 8,872. 8,872. 0. 39FURNITURE & FIXTURES (NY) 070198SL 7.00 12,254. 12,254. 12,254. 0. 48FURNITURE & FIXTURES (NY) 070199SL 7.00 66,766. 66,766. 66,766. 0. 60IFURNITURE & FIXTURES (NY) 070100SL 7.00 39,506. 39,506. 39,506. 0. 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806224

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC Afe.al Description Date Ammed Method Life Unadjusted CostOrBasis ReduclionM Basis Dae]tiFOr Basis Accumulated Depreciation Amount 01 Depreciation 70/FURNITURE & FIXTURES (NY) 043002SL 7.00 12,000.12,000. 0. 982URNITURE & FIXTURES (NY) 112503SL 7.00 3,598. 1,799. 1,799. 1,799. 0. 99/FURNITURE & FIXTURES (NY) 120403SL 7.00 28,027.14,014. 14,013. 14,013. 0. 100IFURNITURE & FIXTURES (NY) 080803SL 7.00 48,543.24,272. 24,271. 24,271. 0. 101FURNITURE & FIXTURES (NY) 092603SL 7.00 3,874. 1,937. 1,937. 1,937. 0. 102FURNITURE & FIXTURES (NY) 120803SL 7.00 7,275. 3,638. 3,637. 3,637. 0. 111FURNITURE & FIXTURES (NY) 112304SL 7.00 6,001. 6,001. 0. 112FURNITURE & FIXTURES (NY) 013004SL 7.00 165. 165. 0. 124FURNITURE & FIXTURES (NY) 012005SL 7.00 6,215. 6,215. 0. 125FURNITURE & FIXTURES (NY) 031105SL 7.00 111. 111. 0. 126FURNITURE & FIXTURES (NY) 061705SL 7.00 8,440. 8,440. 0. 127TURNITURE & FIXTURES (NY) 071405SL 7.00 936. 936. 0. 134FURNITURE & FIXTURES (NY) 031406SL 7.00 4,664. 4,664. 0. 141FURNITURE & FIXTURES (NY) 021407SL 7.00 4,881. 4,881. 0. 142FURNITURE & FIXTURES (NY) 051507SL 7.00 6,610. 6,610. 0. 150IFURNITURE & FIXTURES (NY) 050708SL 7.00 3,542. 3,542. 0. 151FURNITURE & FIXTURES (NY) 122608SL 7.00 4,400. 4,400. 0. 152FURNITURE & FIXTURES (NY) 012309SL 7.00 4,400. 4,400. 0. 154FURNITURE & FIXTURES (NY) 011410SL 5.00 1,214. 1,214. 0. 169FURNITURE & FIXTURES (NY) 080813SL 7.00 39,929.39,929. 0. 170'FURNITURE & FIXTURES (NY) 123113SL 7.00 11,688.11,688. 0. 175FURNITURE & FIXTURES (NY) 011014SL 7.00 23,085.23,085. 0. 176FURNITURE & FIXTURES (NY) 021414SL 7.00 41,566.41,566. 0. 177TURNITURE & FIXTURES (NY) 050714SL 7.00 17,813.17,813. 0. 185FURNITURE & FIXTURES (NY) 070115200DB'7.00 8,706. 8,706. 0. * OTHER TOTAL FURNITURE AND FIXTURES 527,735. 281.863. 245,872. 245,872. 0. * OTHER TOTAL - 527,735. 281.863. 245,872. 245,872. 0. FURNITURE & FIXTURES 32FURNITURE & FIXTURES (FL) 070196SL 7.00 16,528. 16,528. 16,528. 0. 36FURNITURE & FIXTURES (FL) 070197SL 7.00 1,952. 1,952. 0. 40/FURNITURE & FIXTURES (FL) 070198SL 7.00 21,639. 21,639. 21,639. 0. 49FURNITURE & FIXTURES (FL) 070199SL 7.00 1,953. 1,953. 1,953. 0. 132FURNITURE & FIXTURES (FL) 051506SL 7.00 2,789. 2,789. 0. 133FURNITURE & FIXTURES (FL) 072006SL 7.00 2,999. 2,999. 0. 628103 04.01.16 (D) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806225

2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR STATE — NEXT MANAGEMENT LLC Assai Description Date Acquired Method Life Unadjusted CostOrBasis Reductionln Basis Basis For Depreciatm Accumulated Depreciation AmouMOI Depreciation 171FURNITURE & FIXTURES (FL) 012913SL 7.00 2,825. 2,825. 0. 178FURNITURE & FIXTURES (FL) 071014SL 7.00 7,196. 7,196. 0. 184FURNITURE & FIXTURES (FL) 101215200DB'7.00 3,778. 3,778. 0. 194FURNITURE & FIXTURES (FL) 060191SL 7.00 16,047. 16,047. 16,047. 0. * OTHER TOTAL FURNITURE AND FIXTURES 77,706.21,539. 56,167. 56,167. 0. * OTHER TOTAL - 77,706.21,539. 56,167. 56,167. 0. FURNITURE & FIXTURES 27FURNITURE & FIXTURES (CA) 070195SL 7.00 16,832. 16,832. 16,832. 0. 33FURNITURE & FIXTURES 070196SL 7.00 6,256. 6,256. 6,256. 0. 41FURNITURE & FIXTURES (CA) 070198SL 7.00 13,092. 13,092. 13,092. 0. 11&FURNITURE & FIXTURES (CA) 031605SL 7.00 6,191. 6,191. 0. 119FURNITURE & FIXTURES (CA) 042905SL 7.00 7,975. 7,975. 0. * OTHER TOTAL FURNITURE AND FIXTURES 50,346.14,166. 36,180. 36,180. 0. * OTHER TOTAL - 50,346.14,166. 36,180. 36,180. 0. MACHINERY & EQUIPMENT 179SOFTWARE (NY) 012215SL 3.00 155,603.77,802. 77,801. 49,707. 25,934. * OTHER TOTAL MACHINERY AND EQUIP 155,603.77,802. 77,801. 49,707. 25,934. * OTHER TOTAL - 155,603.77,802. 77,801. 49,707. 25,934. 187ORGANIZATION COSTS 010489709 60M 26,951. 26,951. 26,951. 0. 188START-UP COSTS 071692195 60M 26,000. 26,000. 26,000. 0. 189START-UP COSTS 070192195 60M 25,000. 25,000. 25,000. 0. 19OCOVENANT NOT TO COMPETE 103110197 180M 3,000,000. 3,000,000. 1,233,333. 200,000. 191ORGANIZATION COSTS 061515709 180M 15,790. 15,790. 1,667. 1,053. * OTHER TOTAL OTHER 3,093,741. 0. 3,093,741. 1,312,951. 201,053. BUILDINGS 186LEASEHOLD IMPROVEMENT (MET) 070115150DB15.00 10,000.10,000. 0. 199LEASEHOLD IMPROVEMENT (MET) 052816150DB15.00 12,600.12,600. 0. * OTHER TOTAL BUILDINGS 22,600.22,600. 0. 0. 0. * OTHER TOTAL - 3,116,341.22 , 600. 3,093,741. 1,312,951. 201,053. * GRAND TOTAL OTHER DEPR AND AMORT 7,281,292. 1,881,889. 5,399,403. 3,253,149. 245,591. TOTALS FOR NEW YORK 7,281,292. 1,881,889. 5,399,403. 3,253,149. 245,591. 105MAINTENANCE (NY) 022504SL 3.00 7,750. 7,750. 0. * OTHER TOTAL OTHER 7,750. 7,750. 0. 0. 0. MACHINERY & EQUIPMENT 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806226

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC Ace.al Description Date Accgma Method Ule Unadjusted CostOrBasis ReductionM Basis Basis For Deprecaon Accumulated Depreciation Amount DI Depreciation 2COMPUTER 4OFFICE 5COMPUTER &OFFICE 11COMPUTER 12PRINTER 13OFFICE 14OFFICE 15COMPUTER 23OFFICE 28OFFICE 42OFFICE SOCOMPUTER 53COMPUTER 55COMPUTER 594COMPUTER 6LOFFICE 62OFFICE 71COMPUTER 72COMPUTER 73COMPUTER 74COMPUTER 75COMPUTER 79COMPUTER 77COMPUTER 78OFFICE 103COMPUTER 104OFFICE 'al 12LOFFICE 122OFFICE 123OFFICE 12 FFICE 13DFFICE EQUIPMENT(NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT(NY) EQUIPMENT (NY) (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) -96 RETIRED EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) -OFFICE EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) 103191SL 010489SL 010489SL 070190SL 013192SL 022693SL 051093SL 100193SL 110193SL 070195SL 070196SL 070198SL 070199SL 070197SL 070196SL 070100SL 010101SL 010101SL 041003SL 041003SL 042403SL 052303SL 061703SL 072203SL 080603SL 082203SL 040103SL 010504SL 020705SL 020505SL 021505SL 110105SL 021606SL 051507SL 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 16,816. 12,215. 47,819. 6,535. 8,539. 4,241. 2,382. 2,454. 31,034.17,500. 55,855. 45,326. 126,474. 202,098. 38,206. -19,757. 174,341. 2,014. 1,959. 41,698.41,698. 20,169.20,169. 3,372. 4,443. 6,582. 5,359. 19,961.19,961. 8,045. 46,500.13,950. 10,835.10,835. 6,714. 2,496. 2,086. 13,164.13,164. 9,755. 39,598.39,598. 6,535. 2,014. 1,959. 3,372. 4,443. 6,582. 5,359. 4,023. 6,714. 2,496. 2,086. 9,755. 16,816. 12,215. 47,819. 8,539. 4,241. 2,382. 2,454. 13,534. 55,855. 45,326. 126,474. 202,098. 38,206. -19,757. 174,341. 4,022. 32,550. 16,816. 12,215. 47,819. 8,539. 4,241. 2,382. 2,454. 13,534. 55,855. 45,326. 126,474. 202,098. 38,206. -19,757. 174,341. 4,022. 32,550. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806227

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC ASS41 Description Date Mcgmed Method Life Unadjusted CoM0rBasis ReduclionM Basis Basis For Depreciatim Accumulated Depreciation Amount 01 Depreciation 136OFFICE 143OFFICE 144OFFICE 145OFFICE 156OFFICE 16LOFFICE 162OFFICE 163OFFICE 172OFFICE 100MAINTENANCE 192OFFICE LOFFICE 16OFFICE 29OFFICE 43OFFICE 51COMPUTER 54COMPUTER 57COMPUTER 63OFFICE 64OFFICE 79OFFICE 80OFFICE 8LOFFICE 82OFFICE 83OFFICE 84OFFICE 85OFFICE 86OFFICE 8 FFICE 11DFFICE EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) EQUIPMENT (NY) * OTHER TOTAL MACHINERY AND EQUIP * OTHER TOTAL - (FL) EQUIP-FL * OTHER TOTAL OTHER MACHINERY & EQUIPMENT EQUIPMENT (FL) EQUIPMENT (USED CAR (FL)) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) EQUIPMENT (FL) 112007SL 031808SL 050708SL 070208SL 053111SL 022212SL 062212SL 080513SL 032814SL 022504SL 080603200DB5.00 083191SL 060193SL 070196SL 070198SL 070199SL 070197SL 070100SL 010101SL 010101SL 040903SL 040903SL 040903SL 060303SL 063003SL 080603SL 100203SL 111803SL 123103SL 020705SL 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 3.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 19,628.19,628. 8,967. 16,400.16,400. 11,364.11,364. 4,382. 6,075. 3,325. 11,001.11,001. 22,211.22,211. 1,102,681.22,211. 1 IA0,431.22,211. 2,500. 2,098. 4,598. 12,526. 2,500. 10,695. 77,109. 45,399. 12,929. 66,827. 4,899. 4,244. 11,449. 5,563. 15,000. 4,088. 1,880. 2,187. 1,639. 3,355. 3,596. 2,110. 8,967. 4,382. 6,075. 3,325. 2,500. 1,049. 1,049. 4,899. 4,244. 3,435. 1,669. 4,500. 2,044. 940. 1,093. 819. 1,678. 1,798. 2,110. 767,115. 767,115. 1,049. 1,049. 12,526. 2,500. 10,695. 77,109. 45,399. 12,929. 66,827. 8,014. 3,894. 10,500. 2,044. 940. 1,094. 820. 1,677. 1,798. 767,115. 767,115. 1,049. 1,049. 12,526. 2,500. 10,695. 77,109. 45,399. 12,929. 66,827. 8,014. 3,894. 10,500. 2,044. 940. 1,094. 820. 1,677. 1,798. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. FIR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806228

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC Ace1 Description Date Mewed Method We Unadjusted CostOrBasis Redudonln Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation 12 FFICE EQUIPMENT (FL) 020906SL 5.00 5,550. 5,550. 0. 13 FFICE EQUIPMENT (FL) 051507SL 5.00 11,175.11,175. 0. 13 FFICE EQUIPMENT (FL) 112007SL 5.00 5,328. 5,328. 0. 14 FFICE EQUIPMENT (FL) 012308SL 5.00 12,116.12,116. 0. 19 OMPUTER EQUIPMENT(FL) 103191SL 5.00 1,225. 1,225. 1,225. 0. * OTHER TOTAL MACHINERY AND EQUIP 323,389. 0. 259,991. 259,991. 0. * OTHER TOTAL - 327,987. 0. 261,040. 261,040. 0. CHINERY & EQUIPMENT 5 OMPUTER EQUIPMENT (CA) 070199SL 5.00 69,509. 69,509. 69,509. 0. 5 OMPUTER EQUIPMENT (CA) 070100SL 5.00 66,027. 66,027. 66,027. 0. 6 FFICE EQUIPMENT (CA) 010101SL 5.00 1,161. 1,161. 0. 6 FFICE EQUIPMENT (CA) 010101SL 5.00 1,546. 1,546. 0. 6 FFICE EQUIPMENT (CA) 010101SL 5.00 1,132. 1,132. 0. 6 FFICE EQUIPMENT (CA) 010101SL 5.00 2,273. 2,273. 0. 6 FFICE EQUIPMENT (CA) 071502SL 5.00 4,569. 4,569. 0. 8 FFICE EQUIPMENT (CA) 040903SL 5.00 17,211. 5,163. 12,048. 12,048. 0. 8 FFICE EQUIPMENT (CA) 041603SL 5.00 15,000. 4,500. 10,500. 10,500. 0. 9 FFICE EQUIPMENT (CA) 063003SL 5.00 6,016. 3,008. 3,008. 3,008. 0. 9 FFICE EQUIPMENT (CA) 123103SL 5.00 2,420. 1,210. 1,210. 1,210. 0. 10 FFICE EQUIPMENT (CA) 092904SL 5.00 8,646. 8,646. 0. 11 FFICE EQUIPMENT (CA) 010104SL 5.00 2,500. 2,500. 0. 11 FFICE EQUIPMENT (CA) 031605SL 5.00 1,984. 1,984. 0. 13 FFICE EQUIPMENT (CA) 051507SL 5.00 8,293. 8,293. 0. 14 FFICE EQUIPMENT (CA) 112007SL 5.00 3,084. 3,084. 0. 14 FFICE EQUIPMENT (CA) 012308SL 5.00 14,069.14,069. 0. 15 FFICE EQUIPMENT (CA) 111411SL 5.00 13,425.13,425. 0. 18 FFICE EQUIPMENT (CA) 123115200DB5.00 35,905.35,905. 0. 19 FFICE EQUIPMENT (CA) 042616200DB5.00 4,927. 4,927. 0. * OTHER TOTAL MACHINERY AND EQUIP 279,697. 4,927. 162,302. 162,302. 0. * OTHER TOTAL - 279,697. 4,927. 162,302. 162,302. 0. UILDINGS EASEHOLD IMPROVEMENT (NY) 010489SL 5.00 25,209. 25,209. 25,209. 0. EASEHOLD IMPROVEMENT (NY) 070190SL 31.00 33,158. 33,158. 33,158. 0. 1 EASEHOLD IMPROVEMENT (NY) 022894SL 39.00 8,179. 8,179. 4,594. 210. 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806229

2O17 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC A.Sol bk, Description Date Acquired MeMM Life Unadjusted CostOrBasis ' Reduction In Basis Basis For Deoreciatm Accumulated Depreciation Amount Of Depreciation 18LEASEHOLD IMPROVEMENT (NY) 043094SL 39.00 2,319. 2,319. 1,281. 59. 19'LEASEHOLD IMPROVEMENT (NY) 073194SL 39.00 10,964. 10,964. 6,030. 281. 2aLEASEHOLD IMPROVEMENT (NY) 083194SL 39.00 32,074. 32,074. 17,571. 822. 21LEASEHOLD IMPROVEMENT (NY) 103094SL 39.00 11,325. 11,325. 6,151. 290. 22LEASEHOLD IMPROVEMENT (NY) 113094SL 39.00 12,425. 12,425. 6,739. 319. 24LEASEHOLD IMPROVEMENT (NY) 070195SL 39.00 12,155. 12,155. 6,729. 312. 30LEASEHOLD IMPROVEMENT (NY) 070196SL 39.00 54,075. 54,075. 28,356. 1,386. 34.LEASEHOLD IMPROVEMENT (NY) 070197SL 39.00 55,400. 55,400. 27,632. 1,420. 37LEASEHOLD IMPROVEMENT (NY) 112298SL 39.00 11,700. 11,700. 5,438. 300. 47LEASEHOLD IMPROVEMENT (NY) 070199SL 39.00 112,785. 112,785. 50,491. 2,892. 59/LEASEHOLD IMPROVEMENT (NY) 070100SL 39.00 37,330. 37,330. 15,751. 957. 92LEASEHOLD IMPROVEMENT (NY) 062203SL 39.00 103,492.51,746. 51,746. 17,970. 1,327. 93LEASEHOLD IMPROVEMENT (NY) 072403SL 39.00 26,080.13,040. 13,040. 4,495. 334. 94.LEASEHOLD IMPROVEMENT (NY) 081203SL 39.00 17,758. 8,879. 8,879. 3,050. 228. 95LEASEHOLD IMPROVEMENT (NY) 091803SL 39.00 128,435.64,218. 64,217. 21,892. 1,647. 96LEASEHOLD IMPROVEMENT (NY) 102803SL 39.00 16,767. 8,384. 8,383. 2,840. 215. 97LEASEHOLD IMPROVEMENT (NY) 111903SL 39.00 41,981.20,991. 20,990. 7,061. 538. 108LEASEHOLD IMPROVEMENT (NY) 011604SL 39.00 5,649. 2,825. 2,824. 933. 72. 109LEASEHOLD IMPROVEMENT (NY) 021704SL 39.00 7,686. 3,843. 3,843. 1,274. 99. 110CEASEHOLD IMPROVEMENT (NY) 123104150DBE5.00 25,000.12,500. 12,500. 10,326. 738. 1301LEASEHOLD IMPROVEMENT (NY) 022106150DB15.00 10,485. 10,485. 7,700. 619. 131LEASEHOLD IMPROVEMENT (NY) 030306150DBE5.00 21,461. 21,461. 15,757. 1,266. 148LEASEHOLD IMPROVEMENT (NY) 021208150DB15.00 11,736. 5,868. 5,868. 3,426. 346. 149LEASEHOLD IMPROVEMENT (NY) 121908150DBE5.00 16,000. 8,000. 8,000. 4,276. 472. 151LEASEHOLD IMPROVEMENT (NY) 070110150DB15.00 75,753.75,753. 0. 155LEASEHOLD IMPROVEMENT (NY) 111411150DBE5.00 11,227.11,227. 0. 15aLEASEHOLD IMPROVEMENT (NY) 050412150DB15.00 4,167. 4,167. 0. 159LEASEHOLD IMPROVEMENT (NY) 111012150DBE5.00 14,059.14,059. 0. 164LEASEHOLD IMPROVEMENT (NY) 091913150DB15.00 131,030. 131,030. 0. 165LEASEHOLD IMPROVEMENT (NY) 121713150DBI5.00 9,633. 9,633. 0. 166LEASEHOLD IMPROVEMENT (NY) 123113150DB15.00 100,954. 100,954. 0. 173LEASEHOLD IMPROVEMENT (NY) 022714150DBE5.00 12,760.12,760. 0. 174LEASEHOLD IMPROVEMENT (NY) 060414150DB15.00 156,004. 156,004. 0. 181LEASEHOLD IMPROVEMENT (NY) 080515150DBI5.00 63,396.63,396. 0. 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3O9O. Commercial Revitalization Deduction. GO Zone EFTA00806230

2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR STATE — NEXT MANAGEMENT LLC Afe.al bk, Description Date Accitmed Method We Unadjusted CostOrBasis RedoclionM Basis Bass For Depredatim Accumulated Depreciation Amount 01 Depreciation * OTHER TOTAL BUILDINGS 1,430,611.63,396. 651,334. 336,130. 17,149. * OTHER TOTAL - 1,430,611.63,396. 651,334. 336,130. 17,149. BUILDINGS 38LEASEHOLD IMPROVEMENT (FL) 082898SL 39.00 29,553. 29,553. 13,929. 758. 167LEASEHOLD IMPROVEMENT (FL) 092613150DB15.00 13,994.13,994. 0. 182LEASEHOLD IMPROVEMENT (FL) 0925,15150DB0.5.00 25,179.25,179. 0. * OTHER TOTAL BUILDINGS 68,726.25,179. 29,553. 13,929. 758. * OTHER TOTAL - 68,726.25,179. 29,553. 13,929. 758. 196LEASEHOLD IMPROVEMENT (CA) 010516150DB15.00 11,130.11,130. 0. 197LEASEHOLD IMPROVEMENT (CA) 032316150DB0.5.00 25,305.25,305. 0. 198LEASEHOLD IMPROVEMENT (CA) 061416150DB15.00 10,561.10,561. 0. * OTHER TOTAL OTHER 46,996.10,561. 0. 0. 0. BUILDINGS 25LEASEHOLD IMPROVEMENT (CA) 070195SL 39.00 11,498. 11,498. 6,362. 295. 116LEASEHOLD IMPROVEMENT (CA) 022405150DB15.00 6,000. 6,000. 4,761. 355. 117LEASEHOLD IMPROVEMENT (CA) 032105150DB0.5.00 800. 800. 633. 47. 160/LEASEHOLD IMPROVEMENT (CA) 091612150DB15.00 5,285. 5,285. 0. 168LEASEHOLD IMPROVEMENT (CA) 083113150DB0.5.00 21,300.21,300. 0. 183LEASEHOLD IMPROVEMENT (CA) 062615150DB15.00 44,230.44,230. 0. * OTHER TOTAL BUILDINGS 89,113.44,230. 18,298. 11,756. 697. * OTHER TOTAL - 136,109.44,230. 18,298. 11,756. 697. FURNITURE & FIXTURES 3FURNITURE & FIXTURES (NY) 053191SL 7.00 4,775. 4,775. 4,775. 0. 7FURNITURE & FIXTURES (NY) 010489SL 5.00 26,013. 26,013. 26,013. 0. 10/FURNITURE & FIXTURES (NY) 070190SL 7.00 4,541. 3,465. 1,076. 1,076. 0. 26FURNITURE & FIXTURES (NY) 070195SL 7.00 31,451. 31,451. 31,451. 0. 31FURNITURE & FIXTURES (NY) 070196SL 7.00 35,874.17,500. 18,374. 18,374. 0. 35FURNITURE & FIXTURES (NY) 070197SL 7.00 8,872. 8,872. 0. 39TURNITURE & FIXTURES (NY) 070198SL 7.00 12,254. 12,254. 12,254. 0. 48FURNITURE & FIXTURES (NY) 070199SL 7.00 66,766. 66,766. 66,766. 0. 60/FURNITURE & FIXTURES (NY) 070100SL 7.00 39,506. 39,506. 39,506. 0. 70FURNITURE & FIXTURES (NY) 043002SL 7.00 12,000.12,000. 0. 98FURNITURE & FIXTURES (NY) 112503SL 7.00 3,598. 1,799. 1,799. 1,799. 0. 99TURNITURE & FIXTURES (NY) 120403SL 7.00 28,027.14,014. 14,013. 14,013. 0. 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806231

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC Ase...i Description Date Mewed Method Life Unadjusted CostOrBasis ReduclionM Basis Basis For Depreciatim Accumulated Depreciation Amount Of Depreciation 100IFURNITURE & FIXTURES (NY) 080803SL 7.00 48,543.24,272. 24,271. 24,271. 0. 101FURNITURE & FIXTURES (NY) 092603SL 7.00 3,874. 1,937. 1,937. 1,937. 0. 102FURNITURE & FIXTURES (NY) 120803SL 7.00 7,275. 3,638. 3,637. 3,637. 0. 111FURNITURE & FIXTURES (NY) 112304SL 7.00 6,001. 6,001. 0. 112FURNITURE & FIXTURES (NY) 013004SL 7.00 165. 165. 0. 124FURNITURE & FIXTURES (NY) 012005SL 7.00 6,215. 6,215. 0. 125FURNITURE & FIXTURES (NY) 031105SL 7.00 111. 111. 0. 126FURNITURE & FIXTURES (NY) 061705SL 7.00 8,440. 8,440. 0. 127FURNITURE & FIXTURES (NY) 071405SL 7.00 936. 936. 0. 134FURNITURE & FIXTURES (NY) 031406SL 7.00 4,664. 4,664. 0. 141FURNITURE & FIXTURES (NY) 021407SL 7.00 4,881. 4,881. 0. 142FURNITURE & FIXTURES (NY) 051507SL 7.00 6,610. 6,610. 0. 150/FURNITURE & FIXTURES (NY) 050708SL 7.00 3,542. 3,542. 0. 151FURNITURE & FIXTURES (NY) 122608SL 7.00 4,400. 4,400. 0. 152FURNITURE & FIXTURES (NY) 012309SL 7.00 4,400. 4,400. 0. 154FURNITURE & FIXTURES (NY) 011410SL 5.00 1,214. 1,214. 0. 169FURNITURE & FIXTURES (NY) 080813SL 7.00 39,929.39,929. 0. 170IFURNITURE & FIXTURES (NY) 123113SL 7.00 11,688.11,688. 0. 175FURNITURE & FIXTURES (NY) 011014SL 7.00 23,085.23,085. 0. 176FURNITURE & FIXTURES (NY) 021414SL 7.00 41,566.41,566. 0. 177FURNITURE & FIXTURES (NY) 050714SL 7.00 17,813.17,813. 0. 185FURNITURE & FIXTURES (NY) 070115200Dg7.00 8,706. 8,706. 0. * OTHER TOTAL FURNITURE AND FIXTURES 527,735. 8,706. 245,872. 245,872. 0. * OTHER TOTAL - 527,735. 8,706. 245,872. 245,872. 0. FURNITURE & FIXTURES 32FURNITURE & FIXTURES (FL) 070196SL 7.00 16,528. 16,528. 16,528. 0. 36FURNITURE & FIXTURES (FL) 070197SL 7.00 1,952. 1,952. 0. 40WURNITURE & FIXTURES (FL) 070198SL 7.00 21,639. 21,639. 21,639. 0. 49FURNITURE & FIXTURES (FL) 070199SL 7.00 1,953. 1,953. 1,953. 0. 132FURNITURE & FIXTURES (FL) 051506SL 7.00 2,789. 2,789. 0. 133FURNITURE & FIXTURES (FL) 072006SL 7.00 2,999. 2,999. 0. 171FURNITURE & FIXTURES (FL) 012913SL 7.00 2,825. 2,825. 0. 178FURNITURE & FIXTURES (FL) 071014SL 7.00 7,196. 7,196. 0. 184FURNITURE & FIXTURES (FL) 101215200Dg7.00 3,778. 3,778. 0. 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806232

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC As.sol bk, Description Date Acquired Method Life Unadjusted CostOrBasis ReductionM Basis Basis For Depreciatim Accumulated Depreciation Amount DI Depreciation 194FURNITURE & FIXTURES (FL) 060191SL 7.00 16,047. 16,047. 16,047. 0. * OTHER TOTAL FURNITURE AND FIXTURES 77,706. 0. 56,167. 56,167. 0. * OTHER TOTAL - 77,706. 0. 56,167. 56,167. 0. FURNITURE & FIXTURES 27FURNITURE & FIXTURES (CA) 070195SL 7.00 16,832. 16,832. 16,832. 0. 33FURNITURE & FIXTURES 070196SL 7.00 6,256. 6,256. 6,256. 0. 41FURNITURE & FIXTURES (CA) 070198SL 7.00 13,092. 13,092. 13,092. 0. 118FURNITURE & FIXTURES (CA) 031605SL 7.00 6,191. 6,191. 0. 119/FURNITURE & FIXTURES (CA) 042905SL 7.00 7,975. 7,975. 0. * OTHER TOTAL FURNITURE AND FIXTURES 50,346. 7,975. 36,180. 36,180. 0. * OTHER TOTAL - 50,346. 7,975. 36,180. 36,180. 0. MACHINERY & EQUIPMENT 179SOFTWARE (NY) 012215SL 3.00 155,603.77,802. 77,801. 49,707. 25,934. * OTHER TOTAL MACHINERY AND EQUIP 155,603.77,802. 77,801. 49,707. 25,934. * OTHER TOTAL - 155,603.77,802. 77,801. 49,707. 25,934. 187ORGANIZATION COSTS 010489709 60M 26,951. 26,951. 26,951. 0. 188START-UP COSTS 071692195 60M 26,000. 26,000. 26,000. 0. 189START-UP COSTS 070192195 60M 25,000. 25,000. 25,000. 0. 19000VENANT NOT TO COMPETE 103110197 180M 3,000,000. 3,000,000. 1 233,333. 200,000. 191ORGANIZATION COSTS 061515709 180M 15,790. 15,790. 1,667. 1,053. * OTHER TOTAL OTHER 3 093 741 . . - 0. 3,093,741. 1,312,951. 201 , 053 . BUILDINGS 186LEASEHOLD IMPROVEMENT (MET) 070115150DB15.00 10,000.10,000. 0. 199LEASEHOLD IMPROVEMENT (MET) 052816150DB0.5.00 12,600.12,600. 0. * OTHER TOTAL BUILDINGS 22,600.12,600. 0. 0. 0. * OTHER TOTAL - 3,116,341.12,600. 3,093,741. 1,312,951. 201,053. * GRAND TOTAL OTHER DEPR AND AMORT 7,281,292.12 , 600 . 5,399,403. 3,253,149. 245,591. 626106 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806233

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC As.s4i '43 Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation 105MAINTENANCE (NY) 022504 L 3.00 7,750. 7,750. 0. * OTHER TOTAL OTHER 7,750. 7,750. 0. 0. 0. MACHINERY & EQUIPMENT DCOMPUTER EQUIPMENT(NY) 103191 L 5.00 16,816. 16,816. 16,816. 0. 4OFFICE EQUIPMENT (NY) 010489 L 5.00 12,215. 12,215. 12,215. 0. 5COMPUTER EQUIPMENT (NY) 010489 L 5.00 47,819. 47,819. 47,819. 0. 8OFFICE EQUIPMENT(NY) 070190 L 5.00 6,535. 6,535. 0. 11COMPUTER EQUIPMENT (NY) 013192 L 5.00 8,539. 8,539. 8,539. 0. 12TRINTER (NY) 022693 L 5.00 4,241. 4,241. 4,241. 0. 13OFFICE EQUIPMENT (NY) 051093 L 5.00 2,382. 2,382. 2,382. 0. 14OFFICE EQUIPMENT (NY) 100193 L 5.00 2,454. 2,454. 2,454. 0. 628100 04.01.16 (0) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806234

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Af4:4i '43 Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation 15COMPUTER EQUIPMENT (NY) 110193SL 5.00 31,034.17,500. 13,534. 13,534. 0. 23OFFICE EQUIPMENT (NY) 070195SL 5.00 55,855. 55,855. 55,855. 0. 28OFFICE EQUIPMENT (NY) 070196SL 5.00 45,326. 45,326. 45,326. 0. 42OFFICE EQUIPMENT (NY) 070198SL 5.00 126,474. 126,474. 126,474. 0. 50COMPUTER EQUIPMENT (NY) 070199SL 5.00 202,098. 202,098. 202,098. 0. 53COMPUTER EQUIPMENT (NY) 070197SL 5.00 38,206. 38,206. 38,206. 0. 55COMPUTER -96 RETIRED 070196SL 5.00 -19,757. -19,757. -19,757. 0. 56COMPUTER EQUIPMENT (NY) 070100SL 5.00 174,341. 174,341. 174,341. 0. 61OFFICE EQUIPMENT (NY) 010101SL 5.00 2,014. 2,014. 0. 62OFFICE EQUIPMENT (NY) 010101SL 5.00 1,959. 1,959. 0. 71COMPUTER EQUIPMENT (NY) 041003SL 5.00 41,698.41,698. 0. 628103 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. FIR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806235

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Af4:4i '43 Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation 72/COMPUTER EQUIPMENT (NY) 041003SL 5.00 20,169.20,169. 0. 73tOMPUTER EQUIPMENT (NY) 042403SL 5.00 3,372. 3,372. 0. 74COMPUTER EQUIPMENT (NY) 052303SL 5.00 4,443. 4,443. 0. 75COMPUTER EQUIPMENT (NY) 061703SL 5.00 6,582. 6,582. 0. 76COMPUTER EQUIPMENT (NY) 072203SL 5.00 5,359. 5,359. 0. 77COMPUTER EQUIPMENT (NY) 080603SL 5.00 19,961.19,961. 0. 78OFFICE EQUIPMENT (NY) 082203SL 5.00 8,045. 4,023. 4,022. 4,022. 0. 103COMPUTER EQUIPMENT (NY) 040103SL 5.00 46,500.13,950. 32,550. 32,550. 0. 104OFFICE EQUIPMENT (NY) 010504SL 5.00 10,835.10,835. 0. 1200FFICE EQUIPMENT (NY) 020705SL 5.00 6,714. 6,714. 0. 121OFFICE EQUIPMENT (NY) 020505SL 5.00 2,496. 2,496. 0. 628100 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806236

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC AN A Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation 122AFFICE EQUIPMENT (NY) 021505SL 5.00 2,086. 2,086. 0. 123OFFICE EQUIPMENT (NY) 110105SL 5.00 13,164.13,164. 0. 128OFFICE EQUIPMENT (NY) 021606SL 5.00 9,755. 9,755. 0. 135OFFICE EQUIPMENT (NY) 051507SL 5.00 39,598.39,598. 0. 136OFFICE EQUIPMENT (NY) 112007SL 5.00 19,628.19,628. 0. 143OFFICE EQUIPMENT (NY) 031808SL 5.00 8,967. 8,967. 0. 144OFFICE EQUIPMENT (NY) 050708SL 5.00 16,400.16,400. 0. 145OFFICE EQUIPMENT (NY) 070208SL 5.00 11,364.11,364. 0. 156OFFICE EQUIPMENT (NY) 053111SL 5.00 4,382. 4,382. 0. 16LOFFICE EQUIPMENT (NY) 022212SL 5.00 6,075. 6,075. 0. 16aOFFICE EQUIPMENT (NY) 062212SL 5.00 3,325. 3,325. 0. 628100 04.01.16 (0) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806237

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC As.s4i '43 Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount 01 Depreciation 163OFFICE EQUIPMENT (NY) 080513SL 5.00 11,001.11,001. 0. 17WFFICE EQUIPMENT (NY) 032814SL 5.00 22,211.22,211. 0. * OTHER TOTAL MACHINERY & EQUIPMENT 1,102,681. 335.566. 767,115. 767,115. 0. * OTHER TOTAL - 1,110,431. 343,316. 767,115. 767,115. 0. 106MAINTENANCE (FL) 022504SL 3.00 2,500. 2,500. 0. 192OFFICE EQUIP-FL 080603200DB6.00 2,098. 1,049. 1,049. 1,049. 0. AMT DEPRECIATION 200DB5.00 ACE DEPRECIATION SL 5.00 * OTHER TOTAL OTHER 4,598. 3,549. 1,049. 1,049. 0. MACHINERY & EQUIPMENT 'OFFICE EQUIPMENT (FL) 083191SL 5.00 12,526. 12,526. 12,526. 0. 16OFFICE EQUIPMENT (USED CAR (FL)) 060193SL 5.00 2,500. 2,500. 2,500. 0. 29OFFICE EQUIPMENT (FL) 070196SL 5.00 10,695. 10,695. 10,695. 0. 628100 04.01.16 (0) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806238

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Af4:4i '43 Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation 43OFFICE EQUIPMENT (FL) 070198SL 5.00 77,109. 77,109. 77,109. 0. 51COMPUTER EQUIPMENT (FL) 070199SL 5.00 45,399. 45,399. 45,399. 0. 54COMPUTER EQUIPMENT (FL) 070197SL 5.00 12,929. 12,929. 12,929. 0. 57COMPUTER EQUIPMENT (FL) 070100SL 5.00 66,827. 66,827. 66,827. 0. 63OFFICE EQUIPMENT (FL) 010101SL 5.00 4,899. 4,899. 0. 64OFFICE EQUIPMENT (FL) 010101SL 5.00 4,244. 4,244. 0. 79OFFICE EQUIPMENT (FL) 040903SL 5.00 11,449. 3,435. 8,014. 8,014. 0. 80OFFICE EQUIPMENT (FL) 040903SL 5.00 5,563. 1,669. 3,894. 3,894. 0. 81OFFICE EQUIPMENT (FL) 040903SL 5.00 15,000. 4,500. 10,500. 10,500. 0. 82OFFICE EQUIPMENT (FL) 060303SL 5.00 4,088. 2,044. 2,044. 2,044. 0. 83OFFICE EQUIPMENT (FL) 063003SL 5.00 1,880. 940. 940. 940. 0. 628180 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806239

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Ac4 i Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount 01 Depreciation 84OFFICE EQUIPMENT (FL) 080603SL 5.00 2,187. 1,093. 1,094. 1,094. 0. 85OFFICE EQUIPMENT (FL) 100203SL 5.00 1,639. 819. 820. 820. 0. 86OFFICE EQUIPMENT (FL) 111803SL 5.00 3,355. 1,678. 1,677. 1,677. 0. 87OFFICE EQUIPMENT (FL) 123103SL 5.00 3,596. 1,798. 1,798. 1,798. 0. 114OFFICE EQUIPMENT (FL) 020705SL 5.00 2,110. 2,110. 0. 129OFFICE EQUIPMENT (FL) 020906SL 5.00 5,550. 5,550. 0. 137OFFICE EQUIPMENT (FL) 051507SL 5.00 11,175.11,175. 0. 138OFFICE EQUIPMENT (FL) 112007SL 5.00 5,328. 5,328. 0. 146OFFICE EQUIPMENT (FL) 012308SL 5.00 12,116.12,116. 0. 193COMPUTER EQUIPMENT(FL) 103191SL 5.00 1,225. 1,225. 1,225. 0. * OTHER TOTAL MACHINERY & EQUIPMENT 323,389.63,398. 259,991. 259,991. 0. 626106 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806240

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Af.s.A bk, Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation * OTHER TOTAL - 327,987.66,947. 261,040. 261,040. 0. MACHINERY & EQUIPMENT 52COMPUTER EQUIPMENT (CA) 070199SL 5.00 69,509. 69,509. 69,509. 0. 58COMPUTER EQUIPMENT (CA) 070100SL 5.00 66,027. 66,027. 66,027. 0. 65OFFICE EQUIPMENT (CA) 010101SL 5.00 1,161. 1,161. 0. 66OFFICE EQUIPMENT (CA) 010101SL 5.00 1,546. 1,546. 0. 67OFFICE EQUIPMENT (CA) 010101SL 5.00 1,132. 1,132. 0. 68OFFICE EQUIPMENT (CA) 010101SL 5.00 2,273. 2,273. 0. 69OFFICE EQUIPMENT (CA) 071502SL 5.00 4,569. 4,569. 0. 88OFFICE EQUIPMENT (CA) 040903SL 5.00 17,211. 5,163. 12,048. 12,048. 0. 89OFFICE EQUIPMENT (CA) 041603SL 5.00 15,000. 4,500. 10,500. 10,500. 0. 628100 04.01.16 (D) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806241

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC As.s4i ND Description Oat Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation 90OFFICE EQUIPMENT (CA) 063003SL 5.00 6,016. 3,008. 3,008. 3,008. 0. 91OFFICE EQUIPMENT (CA) 123103SL 5.00 2,420. 1,210. 1,210. 1,210. 0. 107OFFICE EQUIPMENT (CA) 092904SL 5.00 8,646. 8,646. 0. 113OFFICE EQUIPMENT (CA) 010104SL 5.00 2,500. 2,500. 0. 115OFFICE EQUIPMENT (CA) 031605SL 5.00 1,984. 1,984. 0. 139OFFICE EQUIPMENT (CA) 051507SL 5.00 8,293. 8,293. 0. 140OFFICE EQUIPMENT (CA) 112007SL 5.00 3,084. 3,084. 0. 147OFFICE EQUIPMENT (CA) 012308SL 5.00 14,069.14,069. 0. 157OFFICE EQUIPMENT (CA) 111411SL 5.00 13,425.13,425. 0. 180OFFICE EQUIPMENT (CA) 123115200DB6.00 35,905.35,905. 0. AMT DEPRECIATION 150DB5.00 ACE DEPRECIATION SL 5.00 195OFFICE EQUIPMENT (CA) 042616200DB5.00 4,927. 4,927. 0. AMT DEPRECIATION 150DB5.00 ACE DEPRECIATION SL 5.00 628180 04.01.16 (0) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806242

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC A.PSOI bk, Description Date Mewed Method We Unadjusted CostOrBasis RedudonM Basis Basis For Doredatim Accumulated Depreciation Amount Of Depreciation * OTHER TOTAL MACHINERY & EQUIPMENT 279,697. 117,395. 162,302. 162,302. 0. * OTHER TOTAL - 279,697. 117.395. 162,302. 162,302. 0. BUILDINGS GLEASEHOLD IMPROVEMENT (NY) 010489SL 5.00 25,209. 25,209. 25,209. 0. 9LEASEHOLD IMPROVEMENT (NY) 070190SL 31.00 33,158. 33,158. 33,158. 0. 17LEASEHOLD IMPROVEMENT (NY) 022894SL 39.00 8,179. 8,179. 4,594. 210. AMT DEPRECIATION SL 40.00 4,667. 204. ACE DEPRECIATION SL 40.00 4,667. 204. 18LEASEHOLD IMPROVEMENT (NY) 043094SL 39.00 2,319. 2,319. 1,281. 59. AMT DEPRECIATION SL 40.00 1,317. 58. ACE DEPRECIATION SL 40.00 1,317. 58. 19LEASEHOLD IMPROVEMENT (NY) 073194SL 39.00 10,964. 10,964. 6,030. 281. AMT DEPRECIATION SL 40.00 6,154. 274. ACE DEPRECIATION SL 40.00 6,154. 274. 20LEASEHOLD IMPROVEMENT (NY) 083194SL 39.00 32,074. 32,074. 17,571. 822. AMT DEPRECIATION SL 40.00 17,945. 802. ACE DEPRECIATION SL 40.00 17,945. 802. 21LEASEHOLD IMPROVEMENT (NY) 103094SL 39.00 11,325. 11,325. 6,151. 290. AMT DEPRECIATION SL 40.00 6,285. 283. ACE DEPRECIATION SL 40.00 6,285. 283. 22LEASEHOLD IMPROVEMENT (NY) 113094SL 39.00 12,425. 12,425. 6,739. 319. AMT DEPRECIATION SL 40.00 6,881. 311. ACE DEPRECIATION SL 40.00 6,881. 311. 626106 04.01.16 (0) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806243

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC A.PSOI bk, Description Oat Mowed Method Life Unadjusted CostOrBasis ReduclionM Basis Basis For Depredatim Accumulated Depreciation Amount Of Depreciation 24LEASEHOLD IMPROVEMENT (NY) 070195SL 39.00 12,155. 12,155. 6,729. 312. AMT DEPRECIATION SL 40.00 6,523. 304. ACE DEPRECIATION SL 40.00 6,523. 304. 30ILEASEHOLD IMPROVEMENT (NY) 070196SL 39.00 54,075. 54,075. 28,356. 1,386. AMT DEPRECIATION SL 40.00 27,660. 1,352. ACE DEPRECIATION SL 40.00 27,660. 1,352. 34LEASEHOLD IMPROVEMENT (NY) 070197SL 39.00 55,400. 55,400. 27,632. 1,420. AMT DEPRECIATION SL 40.00 26,950. 1,385. ACE DEPRECIATION SL 40.00 26,950. 1,385. 37LEASEHOLD IMPROVEMENT (NY) 112298SL 39.00 11,700. 11,700. 5,438. 300. AMT DEPRECIATION SL 40.00 5,311. 293. ACE DEPRECIATION SL 40.00 5,311. 293. 47LEASEHOLD IMPROVEMENT (NY) 070199SL 39.00 112,785. 112,785. 50,491. 2,892. AMT DEPRECIATION SL 39.00 2,892. ACE DEPRECIATION SL 39.00 2,892. 59LEASEHOLD IMPROVEMENT (NY) 070100SL 39.00 37,330. 37,330. 15,751. 957. AMT DEPRECIATION SL 39.00 957. ACE DEPRECIATION SL 39.00 957. 92LEASEHOLD IMPROVEMENT (NY) 062203SL 39.00 103,492.51,746. 51,746. 17,970. 1,327. AMT DEPRECIATION SL 39.00 51,746. 51,746. 1,327. ACE DEPRECIATION SL 39.00 1,327. 93LEASEHOLD IMPROVEMENT (NY) 072403SL 39.00 26,080.13,040. 13,040. 4,495. 334. AMT DEPRECIATION SL 39.00 13,040. 13,040. 334. ACE DEPRECIATION SL 39.00 334. 94LEASEHOLD IMPROVEMENT (NY) 081203SL 39.00 17,758. 8,879. 8,879. 3,050. 228. AMT DEPRECIATION SL 39.00 8,879. 8,879. 228. ACE DEPRECIATION SL 39.00 228. 95LEASEHOLD IMPROVEMENT (NY) 091803SL 39.00 128,435.64,218. 64,217. 21,892. 1,647. AMT DEPRECIATION SL 39.00 64,217. 64,217. 1,647. ACE DEPRECIATION SL 39.00 1,647. 96LEASEHOLD IMPROVEMENT (NY) 102803SL 39.00 16,767. 8,384. 8,383. 2,840. 215. AMT DEPRECIATION SL 39.00 8,383. 8,383. 215. ACE DEPRECIATION SL 39.00 215. 628100 04.01.16 (0) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806244

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Afe.al bk, Description Date Mowed Method Life Unadjusted CostOrBasis ReduclionM Basis Basis For Depreciatim Accumulated Depreciation Amount Of Depreciation 97LEASEHOLD IMPROVEMENT (NY) 111903SL 39.00 41,981.20,991. 20,990. 7,061. 538. AMT DEPRECIATION SL 39.00 20,990. 20,990. 538. ACE DEPRECIATION SL 39.00 538. 108LEASEHOLD IMPROVEMENT (NY) 011604SL 39.00 5,649. 2,825. 2,824. 933. 72. AMT DEPRECIATION SL 39.00 2,824. 2,824. 72. ACE DEPRECIATION SL 39.00 72. 109/LEASEHOLD IMPROVEMENT (NY) 021704SL 39.00 7,686. 3,843. 3,843. 1,274. 99. AMT DEPRECIATION SL 39.00 3,843. 3,843. 99. ACE DEPRECIATION SL 39.00 99. 110L,EASEHOLD IMPROVEMENT (NY) 123104150DBC.5.00 25,000.12,500. 12,500. 10,326. 738. AMT DEPRECIATION 150DB15.00 12,500. 12,500. 738. ACE DEPRECIATION SL 15.00 738. 130LEASEHOLD IMPROVEMENT (NY) 022106150DB15.00 10,485. 10,485. 7,700. 619. AMT DEPRECIATION 150DB0.5.00 7,699. 619. ACE DEPRECIATION SL 15.00 7,699. 619. 131LEASEHOLD IMPROVEMENT (NY) 030306150DBC.5.00 21,461. 21,461. 15,757. 1,266. AMT DEPRECIATION 150DB15.00 15,757. 1,268. ACE DEPRECIATION SL 15.00 15,757. 1,268. 148LEASEHOLD IMPROVEMENT (NY) 021208150DB15.00 11,736. 5,868. 5,868. 3,426. 346. AMT DEPRECIATION 150DB0.5.00 5,868. 5,868. 346. ACE DEPRECIATION SL 15.00 346. 149LEASEHOLD IMPROVEMENT (NY) 121908150DB0.5.00 16,000. 8,000. 8,000. 4,276. 472. AMT DEPRECIATION 150DB15.00 8,000. 8,000. 472. ACE DEPRECIATION SL 15.00 472. 153LEASEHOLD IMPROVEMENT (NY) 070110150DB15.00 75,753.75,753. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 155LEASEHOLD IMPROVEMENT (NY) 111411150DB0.5.00 11,227.11,227. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 158LEASEHOLD IMPROVEMENT (NY) 050412150DB15.00 4,167. 4,167. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 628100 04.01.16 (0) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806245

2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR CALIFORNIA — NEXT MANAGEMENT LLC A f.SO I bk, Description Date Acquired Method Life Unadjusted COMCIeBdei5 ' Reduction In Basis Basis For pptedMi00 Accumulated Depreciation Amount Of Depreciation 1591EASEHOLD IMPROVEMENT (NY) 111012150DB15.00 14,059.14,059. 0. AMT DEPRECIATION 150DBI5.00 ACE DEPRECIATION SL 15.00 164LEASEHOLD IMPROVEMENT (NY) 091913150DB0.5.00 131,030. 131,030, 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 165LEASEHOLD IMPROVEMENT (NY) 121713150DB15.00 9,633. 9,633. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 166LEASEHOLD IMPROVEMENT (NY) 123113150DB0.5.00 100,954. 100,954• 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 173LEASEHOLD IMPROVEMENT (NY) 022714150DB15.00 12,760.12,760. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 174LEASEHOLD IMPROVEMENT (NY) 060414150DBC.5.00 156,004. 156,004. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 181LEASEHOLD IMPROVEMENT (NY) 080515150DB15.00 63,396.63,396. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 * OTHER TOTAL BUILDINGS 1,430,611. 779,277 • 651,334. 336,130. 17,149. * OTHER TOTAL - 1,430,611. 779,277. 651,334. 336,130. 17,149. BUILDINGS 38LEASEHOLD IMPROVEMENT (FL) 082898SL 39.00 29,553. 29,553. 13,929. 758. AMT DEPRECIATION SL 40.00 13,579. 739. ACE DEPRECIATION SL 40.00 13,579. 739. 626106 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806246

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Ace.O1 bk, Description Date Accnthed Method We Unadjusted CostOrBasis ReduclionM Basis Basis For Depreciation Accumulated Depreciation Amount 01 Depreciation 167LEASEHOLD IMPROVEMENT (FL) 092613150DB15.00 13,994.13,994. 0. AMT DEPRECIATION 150DBI5.00 ACE DEPRECIATION SL 15.00 182LEASEHOLD IMPROVEMENT (FL) 092515150DBC.5.00 25,179.25,179. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 * OTHER TOTAL BUILDINGS 68,726.39,173. 29,553. 13,929. 758. * OTHER TOTAL - 68,726.39,173. 29,553. 13,929. 758. 196LEASEHOLD IMPROVEMENT (CA) 010516150DB15.00 11,130.11,130. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 197LEASEHOLD IMPROVEMENT (CA) 032316150DBC.5.00 25,305. 8,943. 16,362. 818. 1,554. AMT DEPRECIATION 150DB15.00 1,554. ACE DEPRECIATION SL 15.00 1,554. 198LEASEHOLD IMPROVEMENT (CA) 061416150DB15.00 10,561. 10,561. 528. 1,003. AMT DEPRECIATION 150DB0.5.00 528. 1,003. ACE DEPRECIATION SL 15.00 528. 1,003. * OTHER TOTAL OTHER 46,996.20,073. 26,923. 1,346. 2,557. BUILDINGS 25LEASEHOLD IMPROVEMENT (CA) 070195SL 39.00 11,498. 11,498. 6,362. 295. AMT DEPRECIATION SL 40.00 6,159. 287. ACE DEPRECIATION SL 40.00 6,159. 287. 116LEASEHOLD IMPROVEMENT (CA) 022405150DB15.00 6,000. 6,000. 4,761. 355. AMT DEPRECIATION 150DB0.5.00 4,761. 354. ACE DEPRECIATION SL 15.00 4,761. 354. 628100 04.01.16 (0) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806247

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Ace.al bk, Description Date Acquired Method We Unadjusted CostOrBasis ReductionM Basis Basis For Doredatim Accumulated Depreciation Amount Of Depreciation 117LEASEHOLD IMPROVEMENT (CA) 032105150DB15.00 800. 800. 633. 47. AMT DEPRECIATION 150DB15.00 634. 47. ACE DEPRECIATION SL 15.00 634. 47. 160ILEASEHOLD IMPROVEMENT (CA) 091612150DB15.00 5,285. 5,285. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 168LEASEHOLD IMPROVEMENT (CA) 083113150DB15.00 21,300.21,300. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 183.LEASEHOLD IMPROVEMENT (CA) 062615150DB15.00 44,230.44,230. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 * OTHER TOTAL BUILDINGS 89,113.70,815. 18,298. 11,756. 697. * OTHER TOTAL - 136,109.90,888. 45,221. 13,102. 3,254. FURNITURE & FIXTURES IFURNITURE & FIXTURES (NY) 053191SL 7.00 4,775. 4,775. 4,775. 0. 7FURNITURE & FIXTURES (NY) 010489SL 5.00 26,013. 26,013. 26,013. 0. lOWURNITURE & FIXTURES (NY) 070190SL 7.00 4,541. 3,465. 1,076. 1,076. 0. 26FURNITURE & FIXTURES (NY) 070195SL 7.00 31,451. 31,451. 31,451. 0. 628100 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806248

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Assai Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation 31FURNITURE & FIXTURES (NY) 070196SL 7.00 35,874.17,500. 18,374. 18,374. 0. 35FURNITURE & FIXTURES (NY) 070197SL 7.00 8,872. 8,872. 0. 39FURNITURE & FIXTURES (NY) 070198SL 7.00 12,254. 12,254. 12,254. 0. 48FURNITURE & FIXTURES (NY) 070199SL 7.00 66,766. 66,766. 66,766. 0. 60FURNITURE & FIXTURES (NY) 070100SL 7.00 39,506. 39,506. 39,506. 0. 70IFURNITURE & FIXTURES (NY) 043002SL 7.00 12,000.12,000. 0. 98FURNITURE & FIXTURES (NY) 112503SL 7.00 3,598. 1,799. 1,799. 1,799. 0. 99'FURNITURE & FIXTURES (NY) 120403SL 7.00 28,027.14,014. 14,013. 14,013. 0. 100FURNITURE & FIXTURES (NY) 080803SL 7.00 48,543.24,272. 24,271. 24,271. 0. 101FURNITURE & FIXTURES (NY) 092603SL 7.00 3,874. 1,937. 1,937. 1,937. 0. 102TURNITURE & FIXTURES (NY) 120803SL 7.00 7,275. 3,638. 3,637. 3,637. 0. 628100 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. FIR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806249

2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR CALIFORNIA — NEXT MANAGEMENT LLC As.s.n ND Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation 111FURNITURE & FIXTURES (NY) 112304SL 7.00 6,001. 6,001. 0. 112YURNITURE & FIXTURES (NY) 013004SL 7.00 165. 165. 0. 124FURNITURE & FIXTURES (NY) 012005SL 7.00 6,215. 6,215. 0. 125FURNITURE & FIXTURES (NY) 031105SL 7.00 111. 111. 0. 126FURNITURE & FIXTURES (NY) 061705SL 7.00 8,440. 8,440. 0. 12TFURNITURE & FIXTURES (NY) 071405SL 7.00 936. 936. 0. 134FURNITURE & FIXTURES (NY) 031406SL 7.00 4,664. 4,664. 0. 141FURNITURE & FIXTURES (NY) 021407SL 7.00 4,881. 4,881. 0. 142TURNITURE & FIXTURES (NY) 051507SL 7.00 6,610. 6,610. 0. 150IFURNITURE & FIXTURES (NY) 050708SL 7.00 3,542. 3,542. 0. 151FURNITURE & FIXTURES (NY) 122608SL 7.00 4,400. 4,400. 0. 628100 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806250

2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR CALIFORNIA — NEXT MANAGEMENT LLC Af4:4i ND Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation 152FURNITURE & FIXTURES (NY) 012309SL 7.00 4,400. 4,400. 0. 151FURNITURE & FIXTURES (NY) 011410SL 5.00 1,214. 1,214. 0. 169FURNITURE & FIXTURES (NY) 080813SL 7.00 39,929.39,929. 0. 170IFURNITURE & FIXTURES (NY) 123113SL 7.00 11,688.11,688. 0. 175FURNITURE & FIXTURES (NY) 011014SL 7.00 23,085.23,085. 0. 176-FURNITURE & FIXTURES (NY) 021414SL 7.00 41,566.41,566. 0. 177FURNITURE & FIXTURES (NY) 050714SL 7.00 17,813.17,813. 0. 185YURNITURE & FIXTURES (NY) 070115200Dff7.00 8,706. 8,706. 0. AMT DEPRECIATION 150DR7.00 ACE DEPRECIATION SL 7.00 * OTHER TOTAL FURNITURE & FIXTURES 527,735. 281,863. 245,872. 245,872. 0. * OTHER TOTAL - 527,735. 281,863. 245,872. 245,872. 0. FURNITURE & FIXTURES 626106 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806251

2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR CALIFORNIA — NEXT MANAGEMENT LLC As.s4i ND Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation 32FURNITURE & FIXTURES (FL) 070196SL 7.00 16,528. 16,528. 16,528. 0. 36PURNITURE & FIXTURES (FL) 070197SL 7.00 1,952. 1,952. 0. 40FURNITURE & FIXTURES (FL) 070198SL 7.00 21,639. 21,639. 21,639. 0. 49'FURNITURE & FIXTURES (FL) 070199SL 7.00 1,953. 1,953. 1,953. 0. 132TURNITURE & FIXTURES (FL) 051506SL 7.00 2,789. 2,789. 0. 133FURNITURE & FIXTURES (FL) 072006SL 7.00 2,999. 2,999. 0. 171FURNITURE & FIXTURES (FL) 012913SL 7.00 2,825. 2,825. 0. 178SURNITURE & FIXTURES (FL) 071014SL 7.00 7,196. 7,196. 0. 184FURNITURE & FIXTURES (FL) 101215200DB7.00 3,778. 3,778. 0. AMT DEPRECIATION 150DB7.00 ACE DEPRECIATION SL 7.00 194FURNITURE & FIXTURES (FL) 060191SL 7.00 16,047. 16,047. 16,047. 0. * OTHER TOTAL FURNITURE & FIXTURES 77,706.21,539. 56,167. 56,167. 0. 626106 04.01.16 (D) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806252

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC As.s4i bk, Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation * OTHER TOTAL - 77,706.21,539. 56,167. 56,167. 0. FURNITURE & FIXTURES 27FURNITURE & FIXTURES (CA) 070195SL 7.00 16,832. 16,832. 16,832. 0. 31FURNITURE & FIXTURES 070196SL 7.00 6,256. 6,256. 6,256. 0. 41FURNITURE & FIXTURES (CA) 070198SL 7.00 13,092. 13,092. 13,092. 0. 118FURNITURE & FIXTURES (CA) 031605SL 7.00 6,191. 6,191. 0. 119FURNITURE & FIXTURES (CA) 042905SL 7.00 7,975. 7,975. 0. * OTHER TOTAL FURNITURE & FIXTURES 50,346.14,166. 36,180. 36,180. 0. * OTHER TOTAL - 50,346.14,166. 36,180. 36,180. 0. MACHINERY & EQUIPMENT 179SOFTWARE (NY) 012215SL 3.00 155,603.77,802. 77,801. 49,707. 25,934. AMT DEPRECIATION SL 3.00 25,934. ACE DEPRECIATION SL 3.00 25,934. 628100 04.01.16 (0) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806253

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC es.s4i ND Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In Basis Basis For Depreciation Accumulated Depreciation Amount Of Depreciation * OTHER TOTAL MACHINERY & EQUIPMENT 155,603.77,802. 77,801. 49,707. 25,934. * OTHER TOTAL - 155,603.77,802. 77,801. 49,707. 25,934. 187ORGANIZATION COSTS 010489709 60M 26,951. 26,951. 26,951. 0. 188START-UP COSTS 071692195 60M 26,000. 26,000. 26,000. 0. 189START-UP COSTS 070192195 60M 25,000. 25,000. 25,000. 0. 190,COVENANT NOT TO COMPETE 103110197 180M 3,000,000• 3,000,000. 1,233,333. 200,000. 191ORGANIZATION COSTS 061515709 180M 15,790. 15,790. 1,667. 1,053. * OTHER TOTAL OTHER 3,093,741. 0. 3,093,741. 1,312,951. 201,053. BUILDINGS 186IEASEHOLD IMPROVEMENT (MET) 070115150DBC5.00 10,000.10,000. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 19WLEASEHOLD IMPROVEMENT (MET) 052816150DB15.00 12,600. 12,600. 630. 1,197. AMT DEPRECIATION 150DB15.00 630. 1,197. ACE DEPRECIATION SL 15.00 630. 1,197. 626106 04.01.16 (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806254

2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Af.s..:d ND Description Date Acquired Method Life Unadjusted Cost Or Basis Reduction In 6,35.* Basis For Depreciation Accumulated Depreciation Amount Of Depreciation * * * OTHER TOTAL BUILDINGS OTHER TOTAL - GRAND TOTAL OTHER DEPR AMT DEPRECIATION ACE DEPRECIATION & AMORT 22,600.10,000. 3,116,341 7,281,292 1,610,402. 1,810,696. 0 , 000 . 1,842,366. 12,600. 3,106,341. 5,438,926. 558,901. 759,191. 630. 1,313,581. 3,255,125. 159,440. 159,440. 1,197. 202,250. 249,345. 48,133. 48,133. 628100 04.01-16 0) Asset disposed ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone EFTA00806255

CLAXON INC C/O NEXT MANAGEMENT LLC 651113 Schedule K-1 2016 (Form 1065) For Wife year 2016. or lax Department of the Treasury yaw beginning { 1 Final K-1 Li Amended K-1 0MB No. 1545-0123 Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service *riding 1 Ordinary business income (loss) I 1,050,186. 15 Credits Partner's Share of Income, Deductions, Credits, etc. li. See separate instructions. 2 Nor minimal estate IncomePOW I 16 Foreign transactions Part I Information About the Partnership 3 Other net rental income (loss) I A Partnership's employer identification number 13-3495607 4 Guaranteed payments I B Partnership's name, address, city, state, and ZIP code NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 5 Interest income I 6,707. 6a Ordinary dividends I 17 Alternative A min tax (AMT) items 68. 66 Qualified dividends I C IRS Center where partnership filed return E —FILE 7 Royalties I (PTP) 18 Tax-exempt nondeductible C* income and expenses STMT D Q Check if this is a publicly traded partnershei 8 Net short-term capital gain (loss) I Part II Information About the Partner 9a Net long-term capital gain (loss) I E Partners identifying number 13-3508513 9b Collectibles (28%) gain (loss) I 19 Distributions A 945,000. F Partners name, address, city, state, and ZIP code CLAXON INC C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 9c Unrecaptured sec 1250 gain 20 Other A information 6,707. 10 Net section 1231 gain (loss) 11 Other income (loss) G LXJ General partner or LLC member-manager I I Limited partner or other LLC member ii El Domestic partner II Foreign partner II What type of entity is this partner? CORPORATION 12 Section 179 deduction 27,100. 12 If this partner is a retirement plan (IRA/SEP/Keogh/etc.). tl Partners share of profit, loss, and capital: Beginning Profit 42.0000000% check here El Ending 42.0000000% 13 Other A deductions 5,255. Loss 42.0000000% 42.0000000% Capital 42.0000000% 42 . 0000000% 14 Self-employment earnings (loss) K Partners share of liabilities at year end: Nonrecourse Qualified nonrecourse financing Recourse $ 402,290. $ 'See attached statement for additional information. $ 7,543,181. 2 , 6 g 1 u. L Partners capital account analysis: Beginning capital account Capital coMnbuted during the year Current year increase (decrease) Withdrawals 8 distributions Ending capital account $ 492,058. $ $ 1,154,322. SI 945,0004(e2 $ 701, 380. Fl Tax basis GAAP Q Section 704(6) book Other (explain) gain or loss? M Did the partner contribute property with a built-in Yes El No If 'Yes,' attach statement (see instructions) 14370912 758404 PNEXT100 611261 11-10.16 LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065 IRS.govitorm 1065 14 2016.05050 NEXT MANAGEMENT LLC Schedule K-1 (Form 1065) 201 1 PNEXT104 EFTA00806256

NEXT MANAGEMENT LLC 13-3495607 SCHEDULE K-1 NONDEDUCTIBLE EXPENSES, BOX 18, CODE C DESCRIPTION ASSESSMENTS NONDEDUCTIBLE EXPENSES - PASSTHROUGH EXCLUDED MEALS AND ENTERTAINMENT EXPENSES PARTNER FILING INSTRUCTIONS AMOUNT SEE IRS SCH. K-1 INSTRUCTIONS NONDEDUCTIBLE PORTION 182. 21,268. 32,234. TOTAL TO SCHEDULE K-1, BOX 18, CODE C 53,684. SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS ORDINARY INCOME (LOSS) INTEREST INCOME 1,050,186. 6,707. SCHEDULE K-1 INCOME SUBTOTAL 1,056,893. SECTION 179 EXPENSE -27,100. CHARITABLE CONTRIBUTIONS -5,255. SCHEDULE K-1 DEDUCTIONS SUBTOTAL -32,355. NET INCOME (LOSS) PER SCHEDULE K-1 1,024,538. AMORTIZATION ON RETURN AND NOT ON BOOKS 84,442. DEPRECIATION ON BOOKS AND NOT ON RETURN -23,197. NONDEDUCTIBLE EXPENSES -53,684. RENT EXPENSE -35,529. SALARIES AND WAGES 137,894. STATE / LOCAL DEFERRED INCOME TAX -5,460. TWO TWELVE MANAGEMENT, LLC 25,318. OTHER INCREASES OR DECREASES SUBTOTAL 129,784. TOTAL TO SCHEDULE K-1, ITEM L 1,154,322. 15 PARTNER NUMBER 1 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806257

Schedule of Activities ForcaWciarywyMmorwyearboming . 2016, and ending flame: NEXT MANAGEMENT LLC For: CLAXON INC C/O NEXT MANAGEMENT LLC Description 0 Activity AmityThTibio 3 lumomw ftmciyualloci Pannwsho Type Cocio' oyetwoon GEN. T/B 1 TWO TWELVE MANAGEMENT, LLC 2 PORTFOLIO Activity- 3 Activity- 1 Activity- 2 Ordinary business income (loss Net rental real e tate income (loss) Other net rental income (loss) Interest income Dividends - Ordinary dividends - Qualified dividends Royalties Net short-term capital gain (loss) Net long-term capital gain (loss) - Collectibles (28%) gain (loss) - Unrecaptured Section 1250 gain Net section 1231 gain (loss) Other portfolio income Section 1256 contracts and straddles Other income Section 179 deduction Charitable contributions Portfolio deductions Investment interest expense Section 59(e)(2) expenditures Other deductions Net earnings from self-employment Goss farming or fishing income Goss nonfarm income LIH credit - Section 42(9(5) partnerships - Other Qualified rehabilitation expenditures related to rental real estate Other rental credits Credits related to other rental activities Recapture of LIH credit - Section 42(9(5) partnerships - Other Other credits Post-1986 depreciation adjustment Adjusted gain or loss Portion of adjusted gain/loss allocable to short-term gain/loss Portion of adjusted gain/loss allocable to long-term gain/loss Portion of adjusted gain/loss allocable to section 1231 gaintloss Depletion (other than oil and gas) Oil, gas and geothermal properties - gross income Oil, gas and geothermal properties - deductions Other AMT items Investment income Investment expenses 992,302. 57,884. 92. 6,615. 27,100. 2,744. 68. 92. 6,615. ' 1 - Single Family/ Residence 5 - Land 2 - Mutti-Famity Residence 6 - Royalties 3 - Vacation or Short-Term Rental 7 - Self-Rental 4 - Commercial 8 - Other Number: 13-3495607 13-3508513 625001 04-01.16 15.1 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC 1 PNEXT104 EFTA00806258

PARTNERSHIP HOLDING CORP. C/O NEXT MA 651113 Schedule K-1 2016 (Form 1065) Far wave year 2016. or lax Department of the Treasury yaw beginning { 1 Final K-1 Li Amended K-1 OMB No. 1545-0123 Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending 1 Ordinary business income (loss) I 775,137. 15 Credits Partner's Share of Income, Deductions, Credits, etc. li. See separate instructions. 2 Net rentalmol Mate Income POW I 16 Foreign transactions Part I Information About the Partnership 3 Other net rental income (loss) I A Partnership's employer identification number 13-3495607 4 Guaranteed payments I B Partnership's name, address, city, state, and ZIP code NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 5 Interest income I 4,950. 6a Ordinary dividends I 17 Alternative A min tax (AMT) items 50. 66 Qualified dividends I C IRS Center where partnership filed return E —FILE 7 Royalties I 18 (PTP) Tax-exempt nondeductible C* income and expenses STMT D Q Check if this is a publicly traded partnershei 8 Net short-term capital gain (loss) I Part II Information About the Partner 9a Net long-term capital gain (loss) I E Partners identifying number 13-3501977 9b Collectibles (28%) gain (loss) I 19 Distributions A 697,500. F Partner's name, address, city, state, and ZIP code PARTNERSHIP HOLDING CORP. C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 9c Unrecaptured sec 1250 gain 20 Other A information 4,950. 10 Net section 1231 gain (loss) 11 Other income (loss) G LXJ General partner or LLC member-manager I I Limited partner or other LLC member II El Domestic partner I I Foreign partner It What type of entity is this partner? CORPORATION 12 Section 179 deduction 20,002. 12 If this partner is a retirement plan (IRA,SEP/Keogrtfetc.). tl Partners share of profit, loss, and capital: Beginning Profit 31.0000000% check here El Ending 31.0000000% 13 Other A deductions 3,879. Loss 31.0000000% 31.0000000% Capital 31.0000000% 31.0000000% 14 Self-employment earnings (loss) K Partners share of liabilities at year end: Nonrecourse Qualified nonrecourse financing Recourse $ 296,929. $ 'See attached statement for additional information. $ 5,567,586. 2_, '5 8 1 u. L Partners capital account analysis: Beginning capital account Capital coMnbuted during the year Current year increase (decrease) Withdrawals 8 distributions Ending capital account $ 363,187. $ $ 852,000. SI 697,50042 $ 517,687. Fl Tax basis GAAP Q Section 704(6) book Other (explain) gain or loss? M Did the partner contribute property with a built-in Yes El No If 'Yes,' attach statement (see instructions) 14370912 758404 PNEXT100 611261 11-10.16 LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065 IRS.govitorm 1065 16 2016.05050 NEXT MANAGEMENT LLC Schedule K-1 (Form 1065) 201 2 PNEXT104 EFTA00806259

NEXT MANAGEMENT LLC 13-3495607 SCHEDULE K-1 NONDEDUCTIBLE EXPENSES, BOX 18, CODE C DESCRIPTION ASSESSMENTS NONDEDUCTIBLE EXPENSES - PASSTHROUGH EXCLUDED MEALS AND ENTERTAINMENT EXPENSES PARTNER FILING INSTRUCTIONS AMOUNT SEE IRS SCH. K-1 INSTRUCTIONS NONDEDUCTIBLE PORTION 135. 15,697. 23,791. TOTAL TO SCHEDULE K-1, BOX 18, CODE C 39,623. SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS ORDINARY INCOME (LOSS) INTEREST INCOME 775,137. 4,950. SCHEDULE K-1 INCOME SUBTOTAL 780,087. SECTION 179 EXPENSE -20,002. CHARITABLE CONTRIBUTIONS -3,879. SCHEDULE K-1 DEDUCTIONS SUBTOTAL -23,881. NET INCOME (LOSS) PER SCHEDULE K-1 756,206. AMORTIZATION ON RETURN AND NOT ON BOOKS 62,327. DEPRECIATION ON BOOKS AND NOT ON RETURN -17,122. NONDEDUCTIBLE EXPENSES -39,623. RENT EXPENSE -26,223. SALARIES AND WAGES 101,778. STATE / LOCAL DEFERRED INCOME TAX -4,030. TWO TWELVE MANAGEMENT, LLC 18,687. OTHER INCREASES OR DECREASES SUBTOTAL 95,794. TOTAL TO SCHEDULE K-1, ITEM L 852,000. 17 PARTNER NUMBER 2 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806260

Schedule of Activities ForcaWdarywaimortaxyearboming . 2016, and ending Name: NEXT MANAGEMENT LLC For: PARTNERSHIP HOLDING CORP. C/O NEXT MA Description 0 Activity Amitymallbor 3 imomw Purdy Laded Pannwsho Typo Cocio' Dgetwoon GEN. T/B 1 TWO TWELVE MANAGEMENT, LLC 2 PORTFOLIO Activity- 3 Activity- 1 Activity- 2 Ordinary business income (loss Net rental real e tate income (loss) Other net rental income (loss) Interest income Dividends - Ordinary dividends - Qualified dividends Royalties Net short-term capital gain (loss) Net long-term capital gain (loss) - Collectibles (28%) gain (loss) - Unrecaptured Section 1250 gain Net section 1231 gain (loss) Other portfolio income Section 1256 contracts and straddles Other income Section 179 deduction Charitable contributions Portfolio deductions Investment interest expense Section 59(e)(2) expenditures Other deductions Net earnings from self-employment Goss farming or fishing income Goss nonfarm income LIH credit - Section 42(9(5) partnerships - Other Qualified rehabilitation expenditures related to rental real estate Other rental credits Credits related to other rental activities Recapture of LIH credit - Section 42(9(5) partnerships - Other Other credits Post-1986 depreciation adjustment Adjusted gain or loss Portion of adjusted gain/loss allocable to short-term gain/loss Portion of adjusted gain/loss allocable to long-term gain/loss Portion of adjusted gain/loss allocable to section 1231 gaintloss Depletion (other than oil and gas) Oil, gas and geothermal properties - gross income Oil, gas and geothermal properties - deductions Other AMT items Investment income Investment expenses 732,414. 42,723. 67. 4,883. 20,002. 2,026. 50. 67. 4,883. ' 1 - Single Family/ Residence 5 - Land 2 - Mutti-Famity Residence 6 - Royalties 3 - Vacation or Short-Term Rental 7 - Self-Rental 4 - Commercial 8 - Other Number: 13-3495607 13-3501977 625001 04-01.16 17.1 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC 2 PNEXT104 EFTA00806261

THE WILCOR GROUP INC. C/O NEXT MANAGE 651113 Schedule K-1 2016 (Form 1065) Far wave year 2016. or lax Department of the Treasury yaw beginning { 1 Final K-1 Li Amended K-1 0MB No. 1545-0123 Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending 1 Ordinary business income (loss) I 675,119. 15 Credits Partner's Share of Income, Deductions, Credits, etc. Ills• See separate instructions. 2 Net rentalmol Mate Income POW I 16 Foreign transactions Part I Information About the Partnership 3 Other net rental income (loss) I A Partnership's employer identification number 13-3495607 4 Guaranteed payments I B Partnership's name, address, city, state, and ZIP code NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 5 Interest income I 4,311. 6a Ordinary dividends I 17 Alternative A min tax (AMT) items 43. 6b Qualified dividends I C IRS Center where partnership filed return E —FILE 7 Royalties I 18 (PTP) Tax-exempt nondeductible C* income and expenses STMT D Q Check if this is a publicly traded partnersh0 8 Net short-term capital gain (loss) I Part II Information About the Partner 9a Net long-term capital gain (loss) I E Partners identifying number 13-3682060 9b Collectibles (28%) gain (loss) I 19 Distributions A 607,500. F Partners name, address. city, state, and ZIP code THE WILCOR GROUP INC. C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 9c Unrecaptured sec 1250 gain 20 Other A information 4,311. 10 Net section 1231 gain (loss) I 1 Other income (loss) G LXJ General partner or LLC member-manager I I Limited partner or other LLC member ii El Domestic partner II Foreign partner II What type of entity is this partner? CORPORATION 12 Section 179 deduction 17,421. 12 If this partner is a retirement plan (IRA,SEP/Keogrtfetc.). tl Partners share of profit, loss, and capital: Beginning Profit 27.0000000% check here El Ending 27.0000000% 13 Other A deductions 3,378. Loss 27.0000000% 27.0000000% Capital 27.0000000% 27.0000000% 14 Self-employment earnings (loss) K Partners share of liabilities at year end: Nonrecourse Qualified nonrecourse financing Recourse $ 258,615. $ 'See attached statement for additional information. $ 4,849,188. 2_, '5 g 1 u. L Partners capital account analysis: Beginning capital account Capital coMnbuted during the year Current year increase (decrease) Withdrawals 8 distributions Ending capital account $ 316 , 326. $ $ 742,064. SI 607,50042 $ 450,890. I/ Tax basis GAAP Q Section 704(6) book Other (explain) gain or loss? M Did the partner contribute property with a built-in Yes lil No If 'Yes,' attach statement (see instructions) 14370912 758404 PNEXT100 611261 11-10.16 LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065 IRS.govitorm 1065 18 2016.05050 NEXT MANAGEMENT LLC Schedule K-1 (Form 1065) 201 3 PNEXT104 EFTA00806262

NEXT MANAGEMENT LLC 13-3495607 SCHEDULE K-1 NONDEDUCTIBLE EXPENSES, BOX 18, CODE C DESCRIPTION ASSESSMENTS NONDEDUCTIBLE EXPENSES - PASSTHROUGH EXCLUDED MEALS AND ENTERTAINMENT EXPENSES PARTNER FILING INSTRUCTIONS AMOUNT SEE IRS SCH. K-1 INSTRUCTIONS NONDEDUCTIBLE PORTION 117. 13,672. 20,722. TOTAL TO SCHEDULE K-1, BOX 18, CODE C 34,511. SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS ORDINARY INCOME (LOSS) INTEREST INCOME 675,119. 4,311. SCHEDULE K-1 INCOME SUBTOTAL 679,430. SECTION 179 EXPENSE -17,421. CHARITABLE CONTRIBUTIONS -3,378. SCHEDULE K-1 DEDUCTIONS SUBTOTAL -20,799. NET INCOME (LOSS) PER SCHEDULE K-1 658,631. AMORTIZATION ON RETURN AND NOT ON BOOKS 54,284. DEPRECIATION ON BOOKS AND NOT ON RETURN -14,912. NONDEDUCTIBLE EXPENSES -34,511. RENT EXPENSE -22,840. SALARIES AND WAGES 88,646. STATE / LOCAL DEFERRED INCOME TAX -3,510. TWO TWELVE MANAGEMENT, LLC 16,276. OTHER INCREASES OR DECREASES SUBTOTAL 83,433. TOTAL TO SCHEDULE K-1, ITEM L 742,064. 19 PARTNER NUMBER 3 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806263

Schedule of Activities ForeaWdaryWalMarlaxygarboWming . 2016, and ending Name: NEXT MANAGEMENT LLC For: THE WILCOR GROUP INC. C/O NEXT MANAGE Description 0 Activity Activity Numb.' 3 ICC% Dwoui Publicly !laded Pannerahlp Typo Coda' Occ,crotion GEN. T/B 1 TWO TWELVE MANAGEMENT, LLC 2 PORTFOLIO Activity- 3 Activity- 1 Activity- 2 Ordinary business income (loss Net rental real e tate income (loss) Other net rental income (loss) Interest income Dividends - Ordinary dividends - Qualified dividends Royalties Net short-term capital gain (loss) Net long-term capital gain (loss) - Collectibles (28%) gain (loss) - Unrecaptured Section 1250 gain Net section 1231 gain (loss) Other portfolio income Section 1256 contracts and straddles Other income Section 179 deduction Charitable contributions Portfolio deductions Investment interest expense Section 59(e)(2) expenditures Other deductions Net earnings from self-employment Goss farming or fishing income Goss nonfarm income LIH credit - Section 42(9(5) partnerships - Other Qualified rehabilitation expenditures related to rental real estate Other rental credits Credits related to other rental activities Recapture of LIH credit - Section 42(9(5) partnerships - Other Other credits Post-1986 depreciation adjustment Adjusted gain or loss Portion of adjusted gain/loss allocable to short-term gain/loss Portion of adjusted gain/loss allocable to long-term gain/loss Portion of adjusted gain/loss allocable to section 1231 gaintloss Depletion (other than oil and gas) Oil, gas and geothermal properties - gross income Oil, gas and geothermal properties - deductions Other AMT items Investment income Investment expenses 637,908. 37,211. 59. 4,252. 17,421. 1,764. 43. 59. 4,252. ' 1 - Single Family/ Residence 5 - Land 2 - Mutti-Famity Residence 6 - Royalties 3 - Vacation or Short-Term Rental 7 - Self-Rental 4 - Commercial 8 - Other Number: 13-3495607 13-3682060 625001 04-01.16 19.1 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC 3 PNEXT104 EFTA00806264

2016 TAX RETURN FILING INSTRUCTIONS CALIFORNIA FORM 568 FOR THE YEAR ENDING DECEMBER 31, 2016 Prepared for NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Prepared by SACKS PRESS & LACHER PC 600 THIRD AVENUE NEW YORK, NY 10016-1901 To be signed and dated by A MEMBER OF THE LLC Amount of tax Total tax S 6 800.00 Less: payments and credits S 14,000.00 Plus: other amount S 0.00 Plus: interest and penalties S 0.00 OVERPAYMENT s 7,200.00 Overpayment Credited to your estimated tax $ 0.00 Other amount $ 0.00 Refunded to you $ 7,200.00 Mailtaxretum and check (if mvilicablOto THIS RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. IF YOU WISH TO HAVE IT TRANSMITTED TO THE FTB, PLEASE SIGN, DATE AND RETURN FORM 8453-LLC TO OUR OFFICE. WE WILL THEN SUBMIT THE ELECTRONIC RETURN TO THE FTB. Forms to be distributed to partners ENCLOSED ARE COPIES OF SCHEDULE K-1 TO BE DISTRIBUTED TO THE MEMBERS. Return must be mailed on or before RETURN FORM 8453-LLC TO US BY SEPTEMBER 15, 2017. Special Instructions DO NOT MAIL THE PAPER COPY OF THE RETURN TO THE FTB. YOUR ANNUAL TAX PAYMENT AMOUNT OF $800.00 WILL BE AUTOMATICALLY WITHDRAWN FROM THE BANK ACCOUNT ENDING IN 0157 ON OR AFTER SEPTEMBER 12, 2017. REFER TO FORM 568 ON THE DIRECT DEPOSIT/DEBIT REPORT FOR COMPLETE ACCOUNT INFORMATION. 610142 04421.16 EFTA00806265

022 Date Accepted DO NOT MAIL THIS FORM TO FTB TAXABLE YEAR California e-file Return Authorization for 2016 Limited Liability Companies Limited liabady company nom. FORM 8453-LLC NEXT MANAGEMENT LLC Part I Tax Return Information (whole dollars only) "Wifrind nurrta 13-3495607 1 Total income (Form 568, Schedule B, line 12 or Form 568. line 1 for Sngle Member LLCs) 120,646,862. 00 2 Ordinary income (Form 568, Schedule B. line 23 or Form 568. line 1 for Single Member LLCs) 2 2,471,234. 00 3 Tax and fee due (Form 568. line 13) 3 00 4 Overpayment (Form 568, line 14) 4 7,200. 00 6 Total amount due (Form 568. line 18) 6 00 Part II Settle Your Account Electronically for Taxable Year 2016. 6 1_1 Electronic funds withdrawal 6a Amount 6b Withdrawal date (nin/ddiWyy) Part III Make Annual Tax or Estimated Fee Payment for Taxable Year 2017 This is NOT an installment payment for the current amount the LLC owes. Annual Tax Payment Estimated Fee Payment 7 Amount 800. 0. 8 Withdrawal date 09/12/2017 Part IV Banking Information (Have you verified the LIC's banking Information?) 9 Routing number 026013576 10 Account number 1501920157 Part V Declaration of Authorized Member or Manager I authorize the limited liability company account to be settled as designated in Parts II, Ill, and IV. If I check Box 6, I authorize an electronic funds withdrawal for the amount listed on line 6a and for the 2017 annual tax or estimated fee payment amount listed on line 7 from the account specified in Part IV. Under penalties of perjury, I declare that I am an authorized member or manager of the above limited liability company and that the information I provided to my electronic return originator (ERO), transmitter, or intermediate service provider and the amounts in Part I above agree with the amounts on the corresponding lines of the limited liability company's 2016 California income tax return. To the best of my knowledge and belief, the limited liability company's return is true, correct, and complete. If the limited liability company is filing a balance due return, I understand that if the Franchise Tax Board (FTB) does not receive full and timely payment of the limited liability company's tax lability, the limited liability company will remain liable for the tax liability and all applicable interest and penalties. I authorize the limited liability company return and accompanying schedules and statements be transmitted to the FTB by my ERO, transmitter, or intermediate service provider. If the processing of the limited II ab HIV company's return or refund Is delayed, I authorize the FIB to disclose to my ERO or Intermediate service provider the reason(s) for the delay or the date when the refund was sent 11 Type of account: M Checking 0 Savings Sign Here Signature al aulhordad mamba, or manage. Dale PRESIDENT OF MEMBER MGR Part VI Declaration of Electronic Return Originator (ERO) and Paid Preparer. I declare that I have reviewed the above limited liability company's return and that the entries on form FTB 8453-LLC are complete and correct to the best of my knowledge. (If I am only an intermediate service provider, I understand that I am not responsible for reviewing the limited liability company's return. I declare, however, that form FIB 8453-LLC accurately reflects the data on the return.) I have obtained the signature from the limited liability company authorized member or manager on form FTB 8453-LLC before transmitting this return to the FTB; I have provided the limited liability company authorized member or manager with a copy of all forms and information that I will file with the FTB, and I have followed all other requirements described in FTB Pub. 1345,2016 e-file Handbook for Authorized e-file Providers. I will keep form FTB 8453-LLC on file for four years from the due date of the return or four years from the date the limited liability company return is filed, whichever is later, and I will make a copy available to the FTB upon request If I am also the paid preparer, under penalties of perjury, I declare that I have examined the above limited liability company's return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. I make this declaration based on all information of which I have knowledge. Udd% F a" Check It olsoold Check EIRO's PRN ERO ***au+ GARY W W. PRESS 109/12/171 DO p lewdCl Must Sign F" ... naMtg en °W. SACKS PRESS & LACHER PC FEN mill-smiorocil end Odeon 600 THIRD AVENUE NEW YORK, NY wood. 10016-1901 Under penalties of perjury, I declare that I have examined the above limited liability company's return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. I make this declaration based on all information of which I have knowledge. Paid Preparer Must Sign Paid prepaw'S signalise Finn's name (Ge yawn aelt.cerployedj and (Kahn. I date Check N ea. am0101did FEN Pa. PEOPTIMI. PTIN ZIP code For Privacy Notice, get FTB 1131 ENGVSP. FTB 8453•LW 2016 (REV 03.17) 639111 03-2447 EFTA00806266

022 Date Accepted DO NOT MAIL THIS FORM TO THE FIB TAXABLE YEAR 2016 California Payment for Automatic Extension Authorization for Business Entities FORM 8453-BE (PMT) Name of business entity (corporation, limited liability company, or partnership) NEXT MANAGEMENT LLC Identifying number 13-3495607 Part I Extension Payment Information for Taxable Year 2016 1 Electronic Funds Withdrawal (EFW) Amount 14,000. 2 Withdrawal Date (mmicid/yyyy) 09/12/2017 Part II Banking Information for Electronic Funds Withdrawal 3 Routing number 4 Account number 5 Type of account: Lx_l Checking Savings Payment Authorization I authorize an EFW on the date indicated on line 2 for the amount stated on line 1. The above EFW is to be made from the bank indicated on lines 3, 4, and 5. This authorization will remain in effect unless I contact the FTB to cancel the request. I request that the payment above be deducted from the bank account on the date specified above. If this date falls on a Saturday, Sunday, or holiday, the transfer is authorized for the next business day. If the FTB cannot deduct the payment from the account because of insufficient funds or because the bank account is closed, the FTB may charge a dishonored payment penalty. I will be responsible for any overdraft fees charged by the bank. Under penalties of perjury under the laws of the State of California. I declare that I have completed this payment authorization to the best of my knowledge and belief; it is true, correct, and complete. Sign Here Signature of business entity's representative ► Title Date ► PRESIDENT OF MEMBER MGR Paid Preparer Under penalties of perjury, I declare that I have examined the above taxpayer's payment information, and to the best of my knowledge and belief, they are true. correct. and complete. I make this declaration based on all information of which I have knowledge. Sign Here Paid preparers signature ► Firm's name ► PTIN Date KEEP THIS FORM FOR YOUR RECORDS - DO NOT MAIL TO THE FRANCHISE TAX BOARD (FTB) For Privacy Notice, get FTB 1131 ENG/SP. 629321 11-21.16 FIB 6453•BE (PMT) (NEW 2016) EFTA00806267

Form at bottom of page. DO NOT USE THIS FORM TO PAY THE ANNUAL LIMITED LIABILITY COMPANY (LLC) TAX OR THE ESTIMATED LLC FEE. WHERE TO FILE: Using black or blue ink, make check or money order payable to the 'Franchise Tax Board? Write the California SOS file number, FEIN, and '2016 FTB 353r on the check or inixiey order. Detach form below. Enclose, but do not staple. payment with form and mail to: FRANCHISE TAX BOARD PO BOX 942857 SACRAMENTO CA 94257-0531 Make all checks or money orders payable in U.S. dollars and drawn against a U.S. financial institution. WHEN TO FILE: For LLCs classified as partnerships, the original due date of the return is the 15th day of the 3rd month following the close of the taxable year. SMLLCs • For SMLLCs owned by pasathrough entities (S corporations, partnerships. and LLCs classified as partnerships), the original due date of the return is the 15th day of the 3rd month following the close of the taxable year. • For all other SMLLCs, the original due date of the return is the 15th day of the 4th month following the close of the taxable year of the owner. When the due date falls on a weekend or holiday, the deadline to file and pay without penalty is extended to the next business day. Due to the federal Emancipation Day holiday observed on April 17,2017, tax returns filed and payments mailed or submitted on April 18,2017, will be considered timely. ONLINE SERVICES: Make payments online using Web Pay for Businesses. LLCs can make an immediate payment or schedule payments up to a year in advance. For more information, go to ftb.ca.gov. 629011 1208.16 _ _ _ _ DETACH HERE IF NO PAYMENT IS ONE. DO NOT MAIL THIS FORM TAXABLE YEAR Payment for Automatic 2016 Extension for LLCs DETACH HERE CALIFORNIA FORM 3537 (LLC) 200506910067 NEXT 13-3495607 TYB 01-01-2016 TYE 12-31-2016 NEXT MANAGEMENT LLC 15 WATTS STREET 6TH FLOOR NEW YORK NY 10013 16 FORM 0 Amount of Payment 14000. -0221 6121166 I FTB 3537 2016 Side 1 ■ EFTA00806268

TAXABLE YEAR 2016 Limited Liability Company Return of Income ■ 549851 12.15-15 CALIFORNIA FORM 568 200506910067 NEXT 13-3495607 TYB 01-01-2016 TYE 12-31-2016 NEXT MANAGEMENT LLC 15 WATTS STREET 6TH FLOOR NEW YORK NY 10013 16 PBA 812990 ACCTMETHOD 2 01-04-1989 ASSETS 19197540. INITIAL 0 FINAL 0 AMENDED 0 J (1) Curing this taxable year. did another person or legal entity acquire control or majority ownership (more than a 50% interest) of this LLC or any legal entity in which the LLC holds a controlling or majority interest that owned California real property (i.e., land, buildings), leased such property for a term of 35 years or more, or leased such property from a government agency for any term? • El Yes (2) During this taxable year. did this LLC acquire control or majority ownership (more than a 50% interest) in another legal entity that owned California real property (i.e.. land. buildings), leased such property for a term of 35 years or more, or leased such property from a government agency for any term? • El Yes (3) During this taxable year. has more than 50% of the LLC's ownership interests cumulatively transferred In one or more transactions after an interest in California real property 0.e.. land, buildings) was transferred to it that was excluded from property tax reassessment under Revenue and Taxation Code Section 62(a)(2) and it was not reported on a previous year's tax return? • El Yes lr No (Yes requires filing of statement, penalties may apply - see Instructions.) a to o 4 .o A oo 0 to Complete Schedule IW, LLC Income Worksheet (on Side 7) first to determine Line 1. 1 Total income from Schedule IW. Limited Liability Company Income Worksheet. See instructions 2 Limited Liability Company fee. See instructions 3 2016 annual Limited Liability Company tax. See instructions 4 Ncaccnsenting nonresident members' tax liability from Schedule T (Side 4) 5 Total tax and fee. Add line 2. line 3. and line 4 6 Amount paid with form FTB 3537 and 2016 form FTB 3522 and form FIB 3536 STATEMENT 7 Overpayment from prior year allowed as a credit 8 Withholding (Form 592-B and/or 593) 9 Total payments. Add line 6. line 7, and line 8 10 Use Tax. This Is not a total line. See instructions 11 Payments balance. If line 9 is more than line 10. subtract line 10 from line 9 12 Use Tax balance. If line 10 is more than line 9. subtract line 9 from line 10 M No M No Whole dollars only • • • • • 1 • • • • • • • 1 4,967,002. 00 2 6,000. 00 3 800. 00 4 00 5 6,800. 00 6 14,000. 00 7 00 8 00 9 14,000. 00 10 00 11 14,000. 00 12 00 Far Privacy Notice, get FTB 1131 ENG/SP. ri 2 2 3671164 r Form 568 C1 2016 Side 1 EFTA00806269

629861 12.15.16 13 Tax and foe due. If line 5 is more than line 11, subtract line 11 from role 5 • 13 14 Overpayment. If line 11 is more than line 5, subtract fine 5 from line 11 • 14 15 Amount of line 14 to be credited to 2017 tax or fee , • 15 16 Refund. If the total of line 15 is less than line 14. subtract the total from line 14 • 16 17 Penalties and interest. See instructions • 17 18 Total amount due. Add line 12, line 13, tine 15, and line 17, then subtract line 14 from the result • 18 Whole Dollars Only 00 7,200. oo 00 7,200. 00 0. 00 00 K Enter the maximum number of members in the LLC at any time during the year. For multiple member U_Cs, attach a California Schedule K.1 (568) for each of these members • L Is this LLC an investment partnership? See General Information O • 0 Yes III No M (1) Is this LLC apportioning or allocating income to California using Schedule R? • M Yes O No (2) If 'No,' was this LLC registered in California without earning any income sourced in this state during the taxable year? @Thes O No N Was there a distribution of property or a transfer (for example, by sale or death) of an LLC interest during the taxable year? • 0 Yes II No P (1) Does the LLC have any foreign (non-U.S.) nonresident members? • O Yes X1 No (2) Does the LLC have any domestic (non-foreign) nonresident members? • LE Yes 0 No (3) Were Form 592, Form 592.A, Form 592-8, and Form 592-F filed for these members? • III Yes X1 No O Are any members in this LLC also LLCs or partnerships? • O Yes No R Is this LLC under audit by the IRS or has it been audited in a prior year? • O Yes rr No S Is this LLC a member or partner in another multiple member LLC or partnership? • M Yes 0 No If 'Yes," complete Schedule EC,. Part I. T Is this LLC a publicly traded partnership as defined in IRC Section 469(k)(2)? 0 Yes X1 No U (1) Is this LLC a business entity disregarded for tax purposes? • ElYes X1 No V W Did this LLC file the Federal Schedule M-3 (federal F011111065)7 • LE Yes O No X Is this LLC a direct owner of an entity that filed a federal Schedule M-3? • LE Yes O No Y Does the LLC have a beneficial interest in a trust or is it a grantor of a Trust? • Th es @ No If 'Yes; attach schedule of trusts and federal identification numbers. Z Does this LLC own an interest in a business entity disregarded for tax purposes? .0 Yes No If 'Yes; complete Schedule EO, Part II. (continued on Side 3) 3 (2) If 'Yes." see instructions and complete Side 1. Side 2. Side 3, Schedule 8, Side 5, and Side 7. if applicable. Are there credits or credit carryovers attributable to the disregarded entity? • Yes O No (3) If 'Yes' to U(1), does the disregarded entity have total income derived from or attributable to California that is less than the LLC's total income from all sources? Yes O No Has the LLC included a Reportable Transaction, or Listed Transaction within this return? (See instructions for definitions). If "Yes,' complete and attach federal Form 8886 for each transaction • Yes No Side 2 Form 568 C12016 022i 3672164 I EFTA00806270

629671 12.1545 (continued from Side 2) AA Is any member of the LLC related (as defined in IRC Section 267(c)(4)) to any other member of the LLC? • C Yes rr No BB Is any member of the LLC a trust for the benefit of any person related (as defined in IRC Section 267(c)(4)) to any other member? • C Yes rr No CC (1) Is the LLC deferring any income from the disposition of assets? (see instructions) • C Yes rr No (2) If 'Yes." enter the year of asset disposition DD Is the LLC reporting previously deferred Income front (see instructions) • C Installment Sale • O IRC §1031 •0 IRC §1033 •O Other EE 'Doing business as' name. See instructions: • • FF (1) Has this LLC operated as another entity type such as a corporation, S corporation, General Partnership. Limited Partnership, or Sole Proprietorship in the previous five (5) years? • 0 Yes rr No (2) If 'Yes', provide prior FEIN(s) if different, business name(s), and entity type(s) for prior returns filed with the FTB and/or IRS (see instructions): GG (1) Has this LW previously operated outside California? • M Yes No (2) Is this the first year of doing business in California? ,,,,,, ,,, ,,,,,,,,, ,,, ,,,,,,,,, ,,, ,,,,,,,,, ,,, ,,,,,,,,, ,,, ,,,,,,,,, ,,, ,,, • O Yes M No Single Member LLC Information and Consent • Complete only if the LLC is disregarded. caul II • $SN Sole Owner's name (as shown on owner's return) 0 Street Address, City. State, and ZIP Code • What type of entity is the ultimate owner of this SMLLC? Check only one box: CI (1) Individual 0 (2) C Corporation (3) PassThrough (S corporation, partnership, (4) Estate/Trust 0 (5) Exempt Organization LLC classified as a partnership) FEIN/CA Corp noJCA SOS File no. Member's Consent Statement: I consent to the jurisdiction of the State of California to tax my LLC income and agree to file returns and pay tax as may be required by the Franchise Tax Board. Signature lob Date Sign Here Paid Preparers Use Only woo, youi privsy How v.v...? ow PA. • • ',dopey notloa. TO requosi this notice by mail. cal 800252.5711. Unbar penalties al peNury. I doian that I have examinod this return. including a000mbanYht) SChatbleS and statements, and to the East 01 myknowledge and ballet. It 19 true, correct, aid complete. Declaration al prepara (Why than ta*Para/IS based on all Intonation of w IO1 SNOarct Ns any nowlelgo. Signa lwo 01 autnOrlad Date member Cr manage' P- Autroind man 040 of man or 9 eniar adOOSS (q)tiOnalt .11.1 vn U.; kiwis:. ,u, N„vna,9n Ital I . yu ao uo. Paid preparers signature op,. GARY w PRESS Firm's name (or yours, if SACKS PRESS & LACHER PC self'employed)600 THIRD AVENUE and address liPb NEW YORK, NY 10016-1901 May the FIB discuss this return with the preparer shown above (see instructions)? Date Check if ILI 0 9 / 12 / 17 seivemployed • Telephone • PTIN FEIN -0221 3673164 1 Form 568 C1 2016 Side 3 EFTA00806271

NEXT MANAGEMENT LLC 13-3495607 629881 12-15.16 U Schedule A Cost of Goods Sold 1 Inventory at beginning of year 1 00 2 Purchases less cost of items withdrawn for personal use 2 00 3 Cost of labor 8 00 4 Additional IRC Section 263A costs. Attach schedule 4 00 5 Other costs. Attach schedule 5 00 6 Total. Add line 1 through line 5 8 00 7 Inventory at end of year 7 00 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on Schedule B, line 2 8 00 9 a Check all methods used for valuing closing inventory: (1) 0 Cost (2) 0 Lower of cost or market as described in Treas. Reg. Section 1.471-4 (3) 0 Write down of "subnormal' goods as described in Treas. Reg. Section 1.471-2(c) (4) 0 Other. Specify method used and attach explanation b Check this box if the LIFO inventory method was adopted this taxable year for any goods. If checked, attach federal Form 970 e Do the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the LLC? El Yes 0 No d Was there any change (other than for IRC Section 263A purposes) in determining quantities, cost, or valuations between opening and closing inventory? If 'Yes: attach explanation El Yes El No SZetF7.11;13 Income and Deductions Caution: Include only trade or business income and expenses on line la through line 22 below. See the instructions for more information. 1 acmssmmosofsews 20,803,273. bLessretumaanomowanoesa a Balance • lc 20,803,273.00 2 Cost of goods sold (Schedule A, line 8) @ 2 00 3 GROSS PROFIT. Subtract line 2 from line is • 3 20,803,273. 00 4 Total ordinary income from other LLCs, partnerships, and fiduciaries. Attach schedule • 4 00 0 5 Total ordinary loss from other LLCs, partnerships, and fiduciaries. Attach schedule • 5 00 § 6 Total farm profit. Attach federal Schedule F (Form 1040) • 6 00 2 7 Total farm loss. Attach federal Schedule F (Form 1040) • 7 00 8 Total gains included on Schedule D-1, Part II, fine 17 (gain only) • 8 00 9 Total losses included on Schedule 1:1-1, Part II, line 17 (loss only) • 9 00 10 Other income. Attach schedule • 10 00 11 Other loss. Attach schedule SEE STATEMENT 2 • n -156,411.00 12 Total Income (loss). Combine line 3 through line 11 • 12 20,646,862. 00 Deductions I 13 Salaries and wages (other than to members) 13 12,181,179.00 14 Guaranteed payments to members o 14 00 15 Bad debts • 15 00 16 Deductible interest expense not claimed elsewhere on retum o 16 72. 00 17 a car liti norntientreslia. $ 247,572. b tecirsatr i an Kir d n °n $ c Balance • 17c 247,572. oo 18 Depletion. Do not deduct oil and gas depletion 18 00 19 Retirement plans, etc. 19 111,980. 00 20 Employee benefit programs 20 379,739. 00 21 Other deductions. Attach schedule SEE STATEMENT 4 • 21 5,255,086.00 22 Total deductions. Add line 13 through line 21 • 22 18,175,628. 00 23 Ordinary income (loss) from trade or business activities. Subtract line 22 from line 12 • 23 2,471,234.00 Schedule T Nonconsentine Nonresident Members' Tax Liability. Attach additional sheets If necessary. WI mcnibara name WI SSN. UN Cl FEN ,i Dix51balvo <nate 011.1COMO kW Tax rata PO Mono's total tax ate Oa Instracriana) Mr unt.illIdd b/ this Ll on tas mint., - none on Form592-B 9.9 1.19mbor9 not lax an Total the amount of tax due. Enter the total he e and on Side 1, line 4. If less than zero enter -0- u ■ Side 4 Form 568 C 1 2016 -022i 3674164 r---- EFTA00806272

NEXT MANAGEMENT LLC 13-3495607 629882 12.I5.I8 Schedule K Members' Shares of Income. Deductions. Credits, etc. a Distributive share items 0) Amounts) from federal K (1065) California adjustments Total amounts using Califomia law Income (Loss) I Ordinary income (loss) from trade or business activities 1 • 2,500,442. —29,208.V 2,471,234. 2 Not income ginste from 'vital real estate activities. Attach SONO Fain 8525 2 3 a Gross income (loss) from other rental activities 3a b Less expenses. Attach schedule 3b C Not Income Pass) torn other rental activlbas. Subtract the 3b from line 3.1 3c • 4 Guaranteed payments to members 4 • 5 Interest income 5 15,968. 32,638. • 48,606. 6 Dividends 6 • 7 Royalties 7 • 8 Net short-term capital gain (loss). Attach Schedule D (568) 8 • 9 Net long-term capital gain (loss). Attach Schedule 0 (568) 9 • 10 a Total San under IRC Section 1231 (What Man due lo casualty or thott) 10a • b Total Lora undo( FIC Section 1231 (other iron due to =wiry or theft) 10b • II a Other portfolio income (loss). Attach schedule 11a b Total other income. Attach schedule 1lb c Total other loss. Attach schedule 11c 2 a = St = 12 Expense deduction for recovery property (IRC Section 179). Attach schedule STMT $ 12 64,523. -39,523. 25,000. 13 a Charitable contributions. Attach schedule STMT $ 13a 12,512. 12,512. b Investment interest expense 13b • C I Total 'upon:Mures to which IRC Section 59(81 election may apply 130 2 Type of expenditures 13c2 d Deductions related to portfolio income 13d e Other deductions. Attach schedule 13e Credits 15 a Withholding on LLC allocated to all members 15a b Low-income housing credit 15b c Credits other than the credit shown on line 15b related to rental real estate activities. Attach schedule 15c d Credits related to other rental activities. Attach schedule 15d e Nonconsenting nonresident members' tax paid by LLC 15e f Other credits. Attach schedule 15f • Alternative Minimum Tax (AMT) items 17 a Depreciation adjustment on property placed in service after 1986 17a 161. 9,104. 9,265. b Adjusted gain or loss 17b c Depletion (other than oil and gas) 17c d Gross income from oil, gas, and geothermal properties 1711 e Deductions allocable to oil, gas, and geothermal properties 17e f Other alternative minimum tax items. Attach schedule 17f Other information 18 a Tax-exempt interest income 18a b Other tax-exempt income 18b • c Nondeductible expenses ...SEE...S.TATEMENT....6. 18c 127,818. 59,949. 187,767. 19 a Distributions of money (cash and marketable securities) 19a 2,250,000. 2,250,000. b Distri3ution of property other than money 19b 20 a Investment income 20a 15,968. 32,638. 48,606. b Investment expenses 20b c Other information. See instructions STMT 7 20c 40 To Z. A 21 a Total cilseibtnlya income/payment Item. Canting linos 1.2. rid 3c through i isFrom the resu lt. subtract the sum of thin 12 Of WO 139 21a 2,439,375. 42,953. • 2,482,328. b Analysis of (a) 04Individual (c) (d) xempt (e) (1) members: Corporate I. Active II. Passive Partnership Organization Nominee/Other LLC Members 2,482,328. 022 3675164 1 Form 566 CI 2016 Side 5 EFTA00806273

NEXT MANAGEMENT LLC 13-3495607 629883 12.15.16 Schedule L Balance Sheets. See the instructions for Schedule L, before completing Schedules L, M-1, and M-2. Assets ti ern nning of taxable year and of to able year (a) (b) (c) (d) 1 Cash 2 a Trade notes and accounts recebrable b Less allowance for bad debts 3 Inventories 4 U.S. government obligations 5 Tax-exempt securities 6 Other current assets. Attach schedule 7 Mortgage and real estate loans 8 Other investments. Attach schedule 9 a Buildings and other depreciable assets b Less accumulated depreciation 10 a Depletable assets b Less accumulated depletion 11 Land (net of any amortization) 12 a Intangible assets (amortizable only) b Less accumulated amortization 13 Other assets. Attach schedule 14 Total assets 3,532,783. 2,895,029. 9,290,056. 12,760,240. ( 100,000.) 9,190,056. ( 100,000.) 12,660,240. STATEMENT 12 STATEMENT 13 • 159,432. • 235,194. 83,446. • 224,591. 4,123,029. 4,187,551. ( 3,396,4874) 726,542.( 3,560,781.)• 626,770. ( ) ( ) ..,.) • ( ) ( ) STATEMENT 14 3,068,607. • 2,555,716. 16,760,866. 19,197,540. Liabilities and Capital 15 Accounts payable 16 Mortgages, notes, bonds payable in less than 1 year 17 Other current liabilities. Attach schedule 18 All nonrecourse loans 19 Mortgages, notes, bonds payable in 1 year or more 20 Other liabilities. Attach schedule 21 Members' capital accounts 22 Total liabilities and capital STATEMENT 15 STATEMENT 16 12,182,330. *14,451,871. • 1,786,832. 1,384,748. • • 1,620,133. • 1,690,964. 1,171,571. • 1,669,957. 16,760,866. 19,197,540. Schedule MA Reconciliation of Income (Loss) Der Books With Income (Loss) Der Return. Use total amount under California law. S e instructions. I Net income (loss) per books 2 Income included on Schedule K, line 1 through line 11c not recorded on books this year. Itemize • 3 Guaranteed payments (other than health insurance) 4 Expenses recorded on books this year not included on Schedule K, line 1 through line 13e. Itemize: a Depreciation $ 55,231. b Travel and entertainment $ 76,747. c Annual LLC tax d Other $TMT 9 $148 , 663. e TotaL Add line 4a through 4d • 280,641. 8 5 Total of line 1 through line 4e 3,029,027. 9 2,748,386. 6 om“s2 n lineon %Grit s n gtri... ;Tama- a Tax-exempt interest b Other $TMT 10 $ 60,281 . c Total. Add line 6a and line 6b 7 Deductions included on Schedule K, Ine 1 through line 13e not charged against book income this year. Itemize: a Depreciation $ b other $TMT 11:529,371. c Total. Add line 7a and line 7b Total. Add line 6c and line 7c Income (Ion) (Scedule K. W. 214 Subtext line 8 Rpm line 5 60 281. 529,371. 589,652. 2,439,375. Schedule M-2 Analysis of Members' Capital Ac ounts. Use California amoun s. 1 Balance at beginning of year 2 Capital contributed during year a Cash b Property 3 Net income (loss) per books 4 Other increases. Itemize • 1,171,571. 2,748,386. 5 Total of line 1 through line 4 6 Distributions: a Cash • b Property • 7 Other decreases. Itemize 8 Total of line 6 and line 7 9 Balance at end of year. Subtract line 8 from line 5 3,919,957. 2,250,000. 2,250,000. 1,669,957. Schedule 0 Amounts from Liquidation used to Capitalize a Limited Liability Company. (Complete only if initial retum box is checked on Side 1. Question H.) Name of entity liquidated (if more than one, attach a schedule) Type of entity: O (i) C Corporation 0 (2) S Corporation U (3) Partnership LJ (4) Limited Partnership LJ (5) Sole Proprietor U (6) Farmer Entity kientilication winos) FEIN SSN or ITIN Corporation CA SOS Amount of liquidation gains recognized to capitalize the LLC • Side 6 Form 568 C1 2016 022 3676164 I • EFTA00806274

■ 629884 12.15-16 Schedule IW Limited Liability Company (LLC) Income Worksheet Enter your California income amounts on the worksheet. All amounts entered must be assigned for California law differences. Use only amounts that are from sources derived from or attributable to California when completing lines 1-17 of this worksheet if your business is both within and outside of California, see Schedule IW instructions to assign the correct amounts to Califomia. If the LLC is wholly within California, the total income amount is assigned to California and is entered beginning with line la. If the single member LLC (SMLLC) does not meet the 3 million criteria for filing Schedule B (568) and Schedule K (568), the SMLLC is still required to complete Schedule IW. Disregarded entities that do not meet the filing requirements to complete Schedule B or Schedule K should prepare Schedule IW by entering the California amounts attributable to the disregarded entity from the members federal Schedule B, C, D, E, F (Form 1040), or additional schedules associated with other activities. Do not enter amounts on this worksheet that have already been reported by another LLC to determine its tee. See Instructions on page 14 of the Form 568 Booklet for more information on how to complete Schedule IW. 1 a Total California income from Form 568, Schedule B, line 3. See instructions * 18 4,967,002.00 b Enter the California cost of goods sold from Form 568, Schedule B, line 2 and from federal Schedule F (Form 1040) (plus California adjustments) associated with the receipts assigned to Califomia on lines to and 4 lb 2 a If the answer to Question LIM on Form 568 Side 2 is 'Yes', include the gross income of this disregarded entity that is not included in lines 1 and 8 through 16 . 0 2a b Enter the cost of goods sold of disregarded entities associated with the receipts assigned to California on line 2a 2b 3 a LLC's distributive share of ordinary income from pass-through entities 0 3a b Enter the LLC's distributive share of cost of goods sold from other pass-through entities associated with the receipt assigned to California on line 3a (see Schedule K-ls (565), Table 3, line la) 0 3b c Enter the LLC's distributive share of deductions from other pass-through entities associated with the receipt assigned to California on line 3a (see Schedule K-ls (565), Table 3, line lb) 3c 4 Add gross farm income from federal Schedule F (Form 1040). Use California amounts 4 5 Enter the total of other income (not loss) from Form 568, Schedule B, line 10 0 5 6 Enter the total gains (not losses) from Form 568, Schedule B. line 8 0 6 7 Add line la through line 6 8 California rental real estate a Enter the total gross rents from federal Form 8825, line 18a 0 8a b Enter the total gross rents from all Schedule K-1s (565), Table 3, line 2 0 8b c Add line 8a and line 8b 9 Other California rentals. a Enter the amount from Schedule K (568), line 3a 0 Sa b Enter the amount from all Schedule K-ls (565), Table 3, line 3 S ft c Add lines 9a and 9b 10 California interest. Enter the amount from Form 568, Schedule K, line 5 11 California dividends. Enter the amount from Form 568, Schedule K, tine 6 12 California royalties. Enter the amount from Form 568, Schedule K, line 7 13 California capital gains. Enter the capital gains (not losses) included in the amounts from Form 568, Sch. K, lines 8 and 9 14 California 1231 gains. Enter the amount of total gains (not losses) from Form 568, Schedule K, line 10a 15 Other California portfolio Income (not lots). Enter the amount from Form 568, Schedule K, line 11a 16 Other California income (not loss) not included in line 5. Enter the amount from Form 568, Schedule K, line 11b 17 Total California Income. Add lines 7, 8c, 9c, 10, 11, 12, 13, 14, 15, and 16. Line 17 may not be a negative number Enter here and on Form 568, Side 1, Line tit less than zero enter -0- 00 00 00 00 00 00 00 00 00 @7 4,967,002. 00 00 00 * 8c 00 00 00 @ 9c 00 0 10 00 0 11 00 0 12 00 0 13 00 0 14 00 0 15 00 0 16 00 0 17 4,967,002. 00 022i 3677164 I Form 568 Cl 2016 Side 7 ■ EFTA00806275

NEXT MANAGEMENT LLC 13-3495607 CA 568 AMOUNT PAID WITH FORMS 3537, 3522, 3536 STATEMENT 1 DESCRIPTION AMOUNT AMOUNT PAID WITH FORM 3537 AMOUNT PAID WITH FORM 3522 AMOUNT PAID WITH FORM 3536 14,000. 0. 0. TOTAL TO FORM 568, LINE 6 14,000. CA OTHER LOSS STATEMENT 2 DESCRIPTION AMOUNT FOREIGN EXCHANGE <156,411.> TOTAL TO TRADE OR BUSINESS INCOME SCHEDULE, LINE 11 <156,411.> CA DEPRECIATION AND AMORTIZATION STATEMENT 3 DESCRIPTION REPORTED REPORTED ON ELSEWHERE PAGE 1 DEPRECIATION - TRADE OR BUSINESS 46,519. AMORTIZATION - TRADE OR BUSINESS 201,053. TOTAL TO LINES 17B AND 17C 247,572. CA OTHER DEDUCTIONS STATEMENT 4 DESCRIPTION AMOUNT ADMINISTRATIVE - OTHER 125,542. ADVERTISING 76,268. BANK CHARGES 81,145. CLEANING SERVICE 46,123. COMMISSIONS EXPENSE 1,945,477. COMPUTER EXPENSE 56,901. CONSULTING FEES 530,543. DUES & SUBSCRIPTIONS 11,192. FILING FEES 8,815. INSURANCE 127,474. MEALS AND ENTERTAINMENT 76,748. STATEMENT(S) 1, 2, 3, 4 EFTA00806276

NEXT MANAGEMENT LLC 13-3495607 MODEL EXPENSES 36,973. OFFICE 147,920. OVERHEAD REIMBURSEMENT <1,325,013.> PAYROLL FEES 15,273. POSTAGE & DELIVERY 11,747. PRINTING EXPENSE 52,768. PROFESSIONAL FEES 331,530. SCOUTING EXPENSE 14,890. TELEPHONE EXPENSE 198,608. TRAVEL 758,595. UTILITIES 31,395. RENT 815,645. CA LOCAL BUSINESS TAXES 19,097. FL COMMERCIAL RENT TAX 1,683. NY COMMERCIAL RENT TAX 22,190. PAYROLL TAXES 617,919. CALIFORNIA TAXES - OTHER 800. REPAIRS 416,838. TOTAL TRADE OR BUSINESS OTHER DEDUCTIONS, LINE 21 5,255,086. CA SCHEDULE K CHARITABLE CONTRIBUTIONS STATEMENT 5 DESCRIPTION CHARITABLE CONTRIBUTIONS TYPE AMOUNT (50%) 12,512. TOTAL TO SCHEDULE K, LINE 13A 12,512. CA SCHEDULE K NONDEDUCTIBLE EXPENSES STATEMENT 6 DESCRIPTION AMOUNT ASSESSMENTS 434. EXCLUDED MEALS AND ENTERTAINMENT EXPENSES 76,747. STATE AND LOCAL INCOME/FRANCHISE TAXES - NEW YORK 110,586. TOTAL TO SCHEDULE K, LINE 18C 187,767. STATEMENT(S) 4, 5, 6 EFTA00806277

NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K AGGREGATE GROSS RECEIPTS FOR AMT EXCLUSION STATEMENT 7 DESCRIPTION AMOUNT ACTIVITY: PASSTHROUGH 138,036. GROSS SALES LESS RETURNS 20,803,273. INTEREST 48,606. TOTAL 20,989,915. CA SCHEDULE K EXPENSE DEDUCTION FOR RECOVERY PROPERTY STATEMENT 8 DESCRIPTION AMOUNT OTHER DEPRECIATION 25,000. TOTAL TO SCHEDULE K, LINE 12 25,000. SCHEDULE M-1 EXPENSES RECORDED ON BOOKS NOT DEDUCTED IN RETURN STATEMENT 9 DESCRIPTION AMOUNT ASSESSMENTS 434. NONDEDUCTIBLE EXPENSES FROM PASSTHROUGH 50,637. RENT EXPENSE 84,592. STATE / LOCAL DEFERRED INCOME TAX 13,000. TOTAL TO SCHEDULE M-1, LINE 4 148,663. SCHEDULE M-1 INCOME RECORDED ON BOOKS NOT INCLUDED ON RETURN STATEMENT 10 DESCRIPTION AMOUNT TWO TWELVE MANAGEMENT, LLC 60,281. TOTAL TO SCHEDULE M-1, LINE 6 60,281. STATEMENT(S) 7, 8, 9, 10 EFTA00806278

NEXT MANAGEMENT LLC 13-3495607 SCHEDULE M-1 DEDUCTIONS ON RETURN NOT CHARGED AGAINST BOOKS STATEMENT 11 DESCRIPTION AMOUNT SALARIES AND WAGES 328,318. AMORTIZATION 201,053. TOTAL TO SCHEDULE M-1, LINE 7 529,371. CA SCHEDULE L OTHER CURRENT ASSETS STATEMENT 12 DESCRIPTION PREPAID EXPENSES TOTAL TO SCHEDULE L, OTHER CURRENT ASSETS BEGINNING END OF TAX YEAR OF TAX YEAR 159,432. 235,194. 159,432. 235,194. CA SCHEDULE L OTHER INVESTMENTS STATEMENT 13 DESCRIPTION BEGINNING OF TAX YEAR END OF TAX YEAR INVESTMENT IN TWO TWELVE MANAGEMENT LLC 83,446. 224,591. TOTAL TO SCHEDULE L, OTHER INVESTMENTS 83,446. 224,591. CA SCHEDULE L OTHER ASSETS STATEMENT 14 BEGINNING END DESCRIPTION OF TAX YEAR OF TAX YEAR DEFERRED TAX ASSET 64,000. 51,000. DEPOSITS 43,931. 41,596. DUE FROM AFFLIATES 1,313,624. 827,056. DUE FROM MODELS 1,607,052. 1,596,064. RESTRICTED CASH 40,000. 40,000. TOTAL TO SCHEDULE L, OTHER ASSETS 3,068,607. 2,555,716. STATEMENT(S) 11, 12, 13, 14 EFTA00806279

NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE L OTHER CURRENT LIABILITIES STATEMENT 15 DESCRIPTION BEGINNING END OF TAX YEAR OF TAX YEAR ACCRUED EXPENSES 1,786,832. CITY ACCRUED TAX TOTAL TO SCHEDULE L, OTHER CURRENT LIABILITIES 1,355,362. 29,386. 1,786,832. 1,384,748. CA SCHEDULE L OTHER LIABILITIES STATEMENT 16 DESCRIPTION ADVANCES FROM AFFLIATES DEFERRED RENT - LONG TERM DUE TO RELATED PARTY TOTAL TO SCHEDULE L, OTHER LIABILITIES BEGINNING END OF TAX YEAR OF TAX YEAR 8,342. 135,009. 1,476,782. 8,342. 222,660. 1,459,962. 1,620,133. 1,690,964. STATEMENT(S) 15, 16 EFTA00806280

2016 Pass-Through Entity Ownership EO (568) Name as shown on tax return NEXT MANAGEMENT LLC FEIN 13-3495607 California Secretary of State (SOS) file no. 200506910067 Part I - Partial Ownership List the entitles In which the taxpayer holds ownership of less than 100%. Name of Entity CA SOS file no. FEIN CA Source Income See instrs. Profit and Loss Snaring Percentage. See Instructions. Profit Loss • TWO TWELVE MANAGEMENT, L• •20-1354409 • *0.8000000•0.8000000 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • rare ii - rim vwnersnip ust me oisregaraeo entities in wnicn me taxpayer no us lull ownership el I uvvo. Name of Entity CA SOS file no. FEIN CA Source Income See instrs. Full Ownership • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% ■ For Privacy Notice, get FT8 1131 ENG/SP. r 1 2 2 8331164 I Schedule EO (568) 2016 ■ EFTA00806281

SCHEDULE M-3 (Form 1065) Depattmeni cil lee Tioar443 Internal Revenue Service Name of partnership Net Income (Loss) Reconciliation for Certain Partnerships ►Attach to Form 1065 or Form 1065-B. IP. Information about Schedule 14-3 (Form 1065) and its instructions is at www.irs.gov/form 1065. OMB No 1545.0123 2016 NEXT MANAGEMENT LLC This Schedule M-3 is being filed because (check all that apply): A Lxi The amount of the partnership's total assets at the end of the tax year is equal to $10 million or more. M The amount of the partnership's adjusted total assets for the year is equal to $10 million or more. If box B is checked, enter the amount of adjusted total assets for the tax year 21,447,540. . C The amount of total receipts for the tax year is equal to $35 million or more. If box Cis checked, enter the total receipts for the tax year D 0 An entity that is a reportable entity partner with respect to the partnership owns or is deemed to own an interest of 50 percent or more in the partnership's capital, profit or loss, on any day during t e tax year of the partnership. Employer identification number 13-3495607 Name of Reportable Entity Partner Identifying Number Maximum Percentage Owned or Deemed Owned E t I Voluntary Filer Part I Financial Information and Net Income (Loss) Reconciliation 1a Did the partnership file SEC Form 10-K for its income statement period ending with or within this tax year? Yes Skip lines lb and lc and complete lines 2 through 11 with respect to that SEC Form 10-K. W No. Go to line lb. See instructions if multiple non-tax-basis income statements are prepared. b Did the partnership prepare a certified audited non-tax-basis income statement for that period? Yes Skip line lc and complete lines 2 through 11 with respect to that income statement. W No. Go to line lc. c Did the partnership prepare a non-tax-basis income statement for that period? M Yes Complete lines 2 through 11 with respect to that income statement. No. Skip lines 2 through 3b and enter the partnership's net income (loss) per its books and records on line 4a. 2 Enter the income statement period: Beginning 0 1/ 01 / 2016 Ending 12/31/2016 3a Has the partnership's income statement been restated for the income statement period on line 2? I= Yes (If 'Yes,' attach a statement and the amount of each item restated.) M No. b Has the partnership's income statement been restated for any of the five income statement periods immediately preceding the period on line 2? Yes (If 'Yes,' attach a statement and the amount of each item restated.) M No. 4a Worldwide consolidated net income (loss) from income statement source identified in Part I, line 1 b Indicate accounting standard used for line 4a (see instructions): 1 GMP 2 El IFRS 3 704(b) 4 Tax-basis 5 0 Other (specify)Ob. 5a Net income from nonincludtle foreign entities (attach statement) b Net loss from nonincludible foreign entities (attach statement and enter as a positive amount) 6a Net income from nonincludtle U.S. entities (attach statement) b Net loss from nonincludible U.S. entities (attach statement and enter as a positive amount) 7a Net income (loss) of other foreign disregarded entities (attach statement) b Net income (loss) of other U.S. disregarded entities (attach statement) 8 Adjustment to eliminations of transactions between includible entities and nonincludible entities (attach shot) 9 Adjustment to reconcile income statement period to tax year (attach statement) 10 Other adjustments to reconcile to amount on line 11 (attach statement) 11 Net income (loss) per Income statement of the partnership. Combine lines 4a through 10 Note. Part I, line 11, must equal Pan II, line 26, column (a) or Schedule M-1, line 1 (see instructions . 12 Enter the total amount (not just the partnership's share) of the assets and liabilities of all entities included or removed on the following lines: 4a 2,748,386. 6a 58 61 6b 7a 78 8 9 10 ( _ 11 a Included on Part I, tine 4 Removed on Part I, line 5 c Removed on Part I. line 6 d Included on Part I. line 7 Total Assets Total Liabilities 19,197,540. 1 17,527,583. 2,748,386. For Paperwork Reduction Act Notice, see the Instructions for your return. 610991 12.14O8 JWA Schedule M-3 (Form 1065) 2016 EFTA00806282

TAXABLE YEAR 2016 Apportionment and Allocation of Income ■ R CALIFORNIA SCHEDULE Attach this schedule behind your California tax return and prior to the supporting schedules. For calendar year 2016 or fiscal year beginning month (mmirld/Wyy) 01/01/2016. and ending (mmfdrItyyyy) Corporation name NEXT MANAGEMENT LLC Water's-Edge Filers Only: If controlled foreign corporations are included in the combined report, attach form FTB 2416. Complete Schedule R (Side 1 and Side 2) and all applicable Schedules (R-1 through R-7). See General Information for Schedule R. 12/31/2016. csie,,,Acapoodionwm., 13-3495607 1 a Net income (loss) after state adjustments from Form 100 or Form 100W, Side 2, line 17; Form 100S, Side 2, line 14; Form 100X, line 4. Form 565 and Form 568 filers: Enter the total of line 1 through line 11c from Schedule K (565 or 568) less the total of line 12 through line 13e from Schedule K (565 or 568) b Water's-edge foreign investment interest offset from form FTB 2424, line 17 e Total. Combine line la and tine lb Nonbusiness Income (Loss) from All Sources. See General Information A for definitions and examples. 2 Dividends included on line la and not deducted on Form 100, Side 2, tine 11; Form 100W, Side 2, lines llafb; or Form 100S, Side 2, lines 9 and 10 3 Interest Attach schedule 4 Net income (loss) from the rental of property from Schedule R-3, line 3, column (c) 5 Royalties. Attach schedule 6 Gain (loss) from the sale of assets from Schedule R-4, line 2, column (e) 7 Gain (loss) from sale of a nonbusiness interest in a partnership or LLC. Attach sch 8 Miscellaneous nonbusiness income (loss). Attach schedule 9 Total nonbusiness income (loss). Combine tine 2 through line 8 • • • • • • • • la lb lc 2,482,328. 00 00 2,482,328. 00 2 3 4 5 6 7 00 00 00 00 00 00 00 • 8 Business Income (Loss) before Apportionment (subject to a separate apportionment formula) 10 Nonunitary partnership or LLC business income (loss) • 11 Income (loss) from a separate trade or business. Attach supplemental Schedule • 12 Business income (loss) deferred from prior years. See General Information L • 13 Capital gain (loss) netting subject to separate apportionment. See Gen Information M • 14 Total separately apportionable business income (loss). Combine line 10 through line 13 15 Tot business inc (loss) subject to apportionment for this trade or business, subtract the sum of in 9 and in 14 from In lc 16 Interest offset from Schedule R-5, line 7 or line 16 (California domiciliaries only) 17 Business Income (loss) for this trade or business subject to apportionment Combine line 15 and line 16 18 a Apportionment percentage from Schedule R-1, Part A, line 2 or Part B, fine 5 b Business income (loss) apportioned to California. Multiply line 17 by line 18a Nonbusiness Income (Loss) Allocable to California. If no income (loss) is allocable to California, do not complete line 19 through line 26, enter -0- on line 27 and go to Side 2, line 28. 19 Dividends and interest income (if taxpayers commercial domicile is in California): a Dividends included in line 2 above b Interest included in line 3 above 20 Net income (loss) from the rental of property within Califomia from Schedule R-3, line 3, column (b) 21 Royalties. Attach schedule 22 Gain (loss) from the sale of assets within California from Schedule R-4, ine 2, total of column (b) and column (d). Combined reporting groups, see General Information M 23 Gain (loss) from sale of a nonbusiness interest in a partnership or LLC. Attach schedule 24 Miscellaneous nonbusiness income (loss). Attach schedule 25 Total nonbusiness income (loss) allocable to California. Combine line 19a through line 24 26 Interest offset from line 16 allocated to income included on line 19a and line 19b (California domiciliary only). See General information J 27 Net nonbusiness income (loss) allocable to California. Subtract ine 26 from line 25 10 11 12 13 • g 1 00 00 00 00 00 • • • • 0 • • • • • • • • • • • 14 15 16 17 18a 18b 00 2,482,328. 00 00 2,482,328. 00 23.8761 % 592,682. 00 19a 19b 20 21 00 00 00 00 22 23 24 25 00 00 00 00 26 27 00 0.00 ■ 09841/124546 199 I 8011164 I-- Schedule R 2016 Side 1 ■ EFTA00806283

Corporation name NEXT MANAGEMENT LLC California Business Income (Loss) subject to a separate apportionment formula. 28 California business income (loss) from a nonunitary partnership or LLC 29 California income (loss) from a separate trade or business. Attach supplemental schedule R. • 30 California business income (loss) deferred from prior yrs. See General Information L • 28 00 29 00 30 00 31 Total business income (loss) separately apportioned to California. Combine line 28 through line 30 • 31 00 Net Income (Loss) for California Purpose 32 Post-apportioned and allocated amounts from capital gain (loss) netting. See General Information M 32 00 93 Net income (loss) for California purposes before contributions adjustment Combine line 18b, 27, 31 and 32 • 33 592,682. 00 34 Contributions adjustment from Schedule R-6, line 15 • 34 00 95 Net income (loss) for California purposes. Combine line 33 and line 34. Enter here and on Form 100 or Form 100W, Side 2, line 18 or Form 100S, Side 2, line 15 • 35 592,682. 00 CaltiorNacorpootflonnomeci 13-3495607 Complete the applicable Schedules R-1 through R-7, starting on Side 3. 639842 Side 2 Schedule R 2016 199 I 8012164 i2.I5.16 EFTA00806284

Corporation name NEXT MANAGEMENT LLC Schedule R-1 Apportionment Formula. Part A. Standard Method - Single-Sales Factor Formula. Complete this part only if the corporation uses the single-sales factor formula. See General Information G and Specific Instructions Total within(a ) and outside California (b) Total withinCalifornia c) Percent within California (b) • (a) x 100 1 Sales: Gross receipts, less returns, and allowances a Sales delivered or shipped to California purchasers (i) Shipped from outside California (i) Shipped from within California b Sales shipped from California to: (i) The United States Government (i) Purchasers in a state where the taxpayer is not taxable. c Total other gross receipts CO Sales from services (i) Sales or other income from intangibles (ii)Sales from rental, leasing or licensing of tangible or real property . (iv)Sales from other gross receipts d Sales from partnership or LLCs treated as partnerships Total sales • • 21,743,272. • 5,191,437. • • • 0. • • • 21,743,272.• 5,191,437. 2 Apportionment percentage. Divide total sales column (b) by total sales column (a) and multiply the result by 100. Enter the result here and on Schedule R, Side 1, line 18a. See General Information H • 23.8761% Part B Three-Factor Formula. Complete this part only if the corporation uses the three-factor formula. 01 Total within and outside California (I)) Total within California (a) Percent ynthin California (b) • (a) x 100 I Property: Use tne ;omega yearly value o1 owned real and tangible personal property tad in the business al anginal cost. See General intormellen E. Exclude property not comecied with IN) business and tne value or conSbuCtiOn in prowess Inventory Buildings Machinery and equipment (including delivery equipment) Furniture and fixtures Land Other tangible assets. Attach schedule Rented property used in the business. See General Information E Total property • • • % 2 Payroll: Use employee wages, salaries, commissions, and other compensation related to business income. See General Information F Total payroll • • I * % 3 4 5 Sales: Gross receipts, less returns, and allowances. See General Information G and Specific Instructions a Sales delivered or shipped to California purchasers. (i) Shipped from outside California (ii) Shipped from within California b Sales shipped from California to: (i) The United States Government (ii) Purchasers in a state where the taxpayer is not taxable c Total other gross receipts Total sales Total percent Add the percentages in col (c). Apportionment percentage. Divide line 4 by 3 enter the result here and on Schedule R. Side 1, line 18a. See General Information H • • • • • % % • % Gaidanra annotation number 13-3495607 • 6.30843 la.l5.16 =cri 8013164 I Schedule R 2016 Side 3 EFTA00806285

Ccrporat )r r Gainer.** eOrlflOrtaXin muter NEXT MANAGEMENT LLC 13-3495607 Schedule R-2 Sales and General Questionnaire. Attach additional sheets if necessary. 1 Describe briefly the nature and location(s) of your California business activities: MODELING AGENCY 2 State the exact title and principal business activity of all joint ventures, partnerships, or LLCs in which the corporation has an interest TWO TWELVE MANAGEMENT LLC - PUBLIC RELATIONS 3 Does the California sales figure on Schedule R-1 (or a comparable schedule in a combined report) include all sales shipped from California where the purchaser is the U.S. Govemment? Yes M No If No," explain. NOT APPLICABLE 4 Does the California sales figure on Schedule R-1 (or a comparable schedule in a combined report) include all sales shipped from California to states in which the taxpayer is not subject to tax? See General Information G and Specific Instructions. OYes @No If 'No,' explain. NOT APPLICABLE 5 Did the taxpayer use reasonable approximation to assign sales under Schedule R-1, Part A, line 1c (i)-(iv)9 • LJ Yes LXJ No If 'Yes; provide a brief description. 6 Are the nonbusiness items reported on Schedule R, Side 1, line 2 through line 8, and the apportionment factor items reported on Schedule R-1 treated consistently on all state tax returns filed by the taxpayer? M Yes 0 No If 'No,' explain. 7 Has this corporation or any member of its combined unitary group changed the way income is apportioned or allocated to California from prior year tax returns? See General Information I. 0 Yes M No If -Yes; explain. 8 Does the California sales figure on Schedule R-1 (or comparable sch in a combined report) include all sales shipped to California destinations? L_Nes If 'No,' indicate the name of the selling member and the nature of the sales activity believed to be immune. NOT APPLICABLE NOT APPLICABLE 9 Does the California sales figure on Schedule R-1 (or comparable schedule in a combined report) include all sales delivered to customers outside California which have an ultimate destination in California?C Yes @No If to; explain. NOT APPLICABLE LXJNo Schedule R-3 Net Income (Loss) from the Rental of Nonbusiness Property I Income from rents 2 Rental deductions 3 faiinromeaosslfromrtnisSalraelMe2bosine1.Eulatienaglasaal eitencrirttlirSnlimfrmecowynnINcnSectim20 ( Total a) outside California (b) Total within California ) Total outside and within California (a) r (b) 0 0 Schedule R-4 Gain (Loss) from The Sale of Nonbusiness Assets California sales of nonbusiness assets include transactions involving (1) real property located in California; (2) tangible personal property, if it had a situs in California at the time of sale, or if the corporation is commercially domiciled in California and not taxable in the state where the property had a situs at the time of sale; and (3) intangible personal property if the corporation's commercial domicile is in California or the income is otherwise allocable to California. Description of properly sold Real estate and other tangible assets Intangible assets Total a Gain (loss) from outside California Gain oss) from within California c Gain ( ss) from outside California Gain loss) from within California Gal e ss) (a) + (b) •(c) • (d) 1 0 0 @ 0 0 0 0 C) 0 0 @ 0 0 0 0 2 Total gain (loss) .. @ 0 0 0 0 Enter total gain (loss) line 2, column (e) on Side 1, line 6 and enter total of line 2, column (b) an (d) on Side 1, line 22 ■ emu Side 4 Schedule R 2016 frri 8014164 01.03.17 EFTA00806286

629931 11.17-16 CALIFORNIA FORM TAXABLE YEAR 2016 Depreciation and Amortization U 3885L Name as shown on return NEXT MANAGEMENT LLC cammiasecway isweisosoiktm 200506910067 FEIN 13-3495607 Assets and intangibles placed in service during the 2016 taxable year: Depreciation of assets Amortization of property 01 Doctspa:sn n• iroptrly itil Dateer &rood in svice innissid/YYYV) (c) Coss a balls ar WaW Win ClopeCtatigon 00 Wear rage M Deprociation sc. INS year KO Cocks boctiOn 011 Poirl0sl Or peroentogi II) Annettrallal I* Ole Yee' 195 OFFICE EQUIPMENT 04/26/2016 (CA) 4,927.200DB 5.00 0. 196 LEASEHOLD IMPROVEMENT 01/05/2016 (CA) 11,130.150DB 15.00 0. 197 LEASEHOLD IMPROVEMENT 03/23/2016 (CA) 25,305.150DB 15.00 818. 198 LEASEHOLD IMPROVEMENT 06/14/2016 (CA) 10,561.150DB 15.00 528. 199 LEASEHOLD IMPROVEMENT 05/28/2016 (MET) 12,600.150DB 15.00 630. 1 Enter line 1, column (f and column (i) totals 1 1,976. Depreciation Be sure to make adjustments for any basis differences when calculating depreciation. 2 California depreciation for assets placed in service beginning before the 2016 taxable year 3 Total California depreciation. Add line 1(f) and line 2 Amortization Be sure to make adjustments for any basis differences when calculating amortization. 4 California amortization for intangibles placed in service beginning before the 2016 taxable year 5 Total California amortization. Add line 1(i) and line 4 6 Total depreciation and amortization. Add line 3 and line 5. Enter the total here and on Form 568, Schedule B, line 17a, if from a trade or business, or on federal Form 8825, line 14, if from rental real estate activities 7 IRC Section 179 expense deduction from line 12 of the worksheet in the instructioiSTMT 1.7 7 8 Carryover of disallowed deduction to 2017 from line 13 of the worksheet in the instructions 8 25,000. 2 4 5 6 44,543. 46,519. 201,053. 201,053. 247,572. 022i 7651164 r FTB 3885L 2016 EFTA00806287

NEXT MANAGEMENT LLC 13-3495607 CA FORM 3885 IRC SECTION 179 WORKSHEET FOR LINES 7 AND 8 STATEMENT 17 1 MAXIMUM DOLLAR LIMITATION 2 TOTAL COST OF IRC 179 PROPERTY PLACED IN SERVICE 3 THRESHOLD COST OF IRC 179 PROPERTY PLACED IN SERVICE 4 REDUCTION IN LIMITATION. LN 2 - LN 3. 5 DOLLAR LIMITATION FOR TAXABLE YEAR. LN 1 - LN 4. 6 ELECTED COST OF NONLISTED PROPERTY 7 ELECTED COST OF LISTED PROPERTY 25,000. 64,523. 200,000. 0. 25,000. 25,000. 0. 8 TOTAL ELECTED COST OF IRC 179 PROPERTY. LN 6 + LN 7. 25,000. 9 TENTATIVE DEDUCTION. SMALLER OF LN 5 OR LN 8. 25,000. 10 CARRYOVER OF DISALLOWED DEDUCTION FROM PRIOR YEAR 0. 11 INCOME LIMITATION. SMALLER OF LN 5 OR TOB INCOME. 25,000. 12 IRC 179 EXPENSE. LN 9 + LN 10, NOT MORE THAN LN 11 25,000. 13 CARRYOVER OF DISALLOWED DEDUCTION. LN 9 + LN 10 - LN 12. 0. ENTER LINE 12 ON FORM 3885P / 3885L LINE 7 ENTER LINE 13 ON FORM 3885P / 3885L LINE 8 STATEMENT(S) 17 EFTA00806288

CA Form 4562 Department of Ito TroattaY interne/ Revalue Service (2) Namels) Shown on mum Depreciation and Amortization (Including Information on Listed Property) OTHER ► Attach to your tax return. ► Information about Form 4562 and its separate nstruetions is at www.irs.gov/fotm4562. litisirtr.s c ao Way 10 Atich this form ceialos 04AS No. 1545.0172 2016 Altachniont Sequence No 179 toontrying number NEXT MANAGEMENT LLC OTHER DEPRECIATION 13-3495607 Part I I Election To Expense Certain Property Under Section 179 Note: if you have any listed property. complete Part V before you complete Part I. 1 Maximum amount (see instructions) 2 Total cost of section 179 property placed in service (see instructions) 3 Threshold cost of section 179 property before reduction in limitation 4 Reduction in limitation. Subtract Ina 3 from line 2. If zero or less, enter'} 5 Dollar Imitation (Or VW year. Subtract Ilno 4 tom line I. N Zere a lea enter -0-. II roamed Inni) 'seaway. Sae InatruCtUrn 1 25,000. 2 64,523. 3 200,000. 4 5 25,000. 6 IN0.9crIptIon 01 poverty Nl cost IbtOlOSS us. only) FlOCtad eWt 25,000. SEE STATEMENT 18 64,523. 25,000. 7 Listed property. Enter the amount from line 29 8 Total elected cost of section 179 property. Add amounts in column (c), 9 Tentative deduction. Enter the smaller of line 5 or line 8 10 Carryover of disallowed deduction from line 13 of your 2015 Form 4562 11 Business income limitation. Enter the smaller of business income (not 12 Section 179 expense deduction. Add lines 9 and 10, but don't enter 13 Carryover of disallowed deduction to 2017. Add lines 9 and 10. less 7 lines 6 and 7 less than zero) or lie 5 more than line 11 8 9 25,000. 10 11 25,000. 12 25,000. line 12 ,, ,,, , 13 Note: Don't use Part II or Part III below for listed property. Instead. use Part V. I Part II I Special Depreciation Allowance and Other Depreciation (Don't include listed property.) 14 Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year 15 Property subject to section 168(f)(1) election 16 Other depreciation (including ACRS) 14 15 18 25,934. I Part III I MACRS Depreciation (Don't include listed property.) (See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning 18 It you era electing to gaup any assets placed Si SWAM Deno the tax yaar nto ono a rncio before 2016 hero .. ► n 17 I 18,609. Wend a4.901 accounts. Check Section B - Assets Placed In Service During 2016 Tax Year Using the Gene al Depreciation System IS Classdicatton Cl proporly Ito Mann and 'JEW Paced ccusinasonvostmont in sintICO IC) Bays ICI deprecation use Only • sae instructions) Id) SOCCreny IWICon (e) Convention It) tiolttcd I9I Datt•OCIatIC0 deduction 19a Syear property b 5-year property c 7-year property d 10.year property e 15.year property 39,523. 15 YRS. HY 150DB 1,976. f 20-year property g 25-year property 25 yrs. St h Residential rental property / 27.5 yrs. MM St / 27.5 errs. MM St I Nonresidential real property / 39 yrs. MM St / MM St Section C - Assets Placed In Service During 2016 Tax Year Using the Alternative Depreciation System 20a Class life Sit b 12-year 12 yrs. Sit c 40.year / 40 yrs. MM Sit Part IV I Summary (See instructions.) 21 Listed property. Enter amount from line 28 22 Total. Add amounts from line 12. lines 14 through 17, Ines 19 and 20 in column (g). and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations • see instr. 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs 23 21 22 46,519. 615251 17-2I-16 LHA For Paperwork Reduction Act Notice, see separate instructions. Form 4562 (2016) EFTA00806289

Form 4562 J2016) NEXT MANAGEMENT LLC 13-3495607 Page 2 I Part V I Listed Property (Include automobiles, certain other vehicles, certain aircraft, certain computers, and property used for entertainment. recreation. or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b. columns (a) through (c) of Section A. all of Section B. and Section C if applicable. Section A - Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.) 24a Do you have evidence to s pport the business/investment use claimed? LJ Yes L_I No 24b If 'Yes.' is the evidence written', L_I Yes Li No (a) Type of property (list vehicles first) (b) Date placed in service (c) Business/ investment use percentage (d) Cost or other basis (e) Baas ion:loemcrauon Otoinosstinmatmont 14B only) M Recovery period W) Convention (h) Depreciation deduction M Elected section 179 cost 25 Special depreciation allowance for qualified listed property placed in service during the tax year and used more than 50% in a qualified business use 25 26 Property used more than 50% in a qualified business use: 27 Property used 50% or less in a qualified business use: S/L • S/L • 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 29 Add amounts in column line 26. Enter here and on tine 7. 1 1 29 Section B - Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor. partner, or other "more than 5% owner," or related person. If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles. 1 28 30 Total business/investment miles driven during the year (don'tinclude commuting miles) (a) Vehicle (b) Vehicle (e) Vehicle (d) Vehicle (e) Vehicle M \retitle 31 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles driven 33 Total miles driven during the year. Add Ines 30 through 32 34 Was the vehicle available for personal use during off•cluty hours? Yes No Yes No Yes No Yes No Yes No Yes No 35 Was the vehicle used primarily by a more than 5% owner or related person? 36 Is another vehicle available for personal use? Section C • Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who aren't more than 5% owners or related persons. 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your employees? 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners 39 Do you treat all use of vehicles by employees as personal use? 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? 41 Do you meet the requirements concerning qualified automobile demonstration use? Note: If answer to 37, 38, 39, 40, or 41 is 'Yes," don' complete Section B for the covered vehicles I Part VI Amortization (a) (b) (c) (d) (e) I) (Newtown of coat* Dat mulatto° Mmanabla Coda Anonatnn AillentlatIOn Wits amount "coon WOO of ICI !Ns yaw 42 Amortization of costs that begins during your 2016 tax year OS N 43 Amortization of costs that began before your 2016 tax year 44 Total. Add amounts in column (f). See the instructions for where to report 43 44 201,053. 201,053. 616252 12-21.16 Form 4562 (2016) EFTA00806290

NEXT MANAGEMENT LLC 13-3495607 FORM 4562 PART I - SECTION 179 EXPENSE STATEMENT 18 (A) DESCRIPTION OF PROPERTY (C) (B) ELECTED COST COST OFFICE EQUIPMENT (CA) 4,927. 4,927. LEASEHOLD IMPROVEMENT (CA) 11,130. 11,130. LEASEHOLD IMPROVEMENT (CA) 25,305. 8,943. LEASEHOLD IMPROVEMENT (CA) 10,561. 0. LEASEHOLD IMPROVEMENT (MET) 12,600. 0. TOTAL TO FORM 4562, PART I, LINE 6 64,523. 25,000. STATEMENT(S) 18 EFTA00806291

CA TOB REC RECONCILIATION OF CALIFORNIA ORDINARY INCOME TO FEDERAL ORDINARY INCOME 2016 NAME NEXT MANAGEMENT LLC EMPLOYER ID 13-3495607 DESCRIPTION FEDERAL CALIFORNIA DIFFERENCE 1A GROSS RECEIPT OR SALES 1 B LESS RETURNS AND ALLOWANCES 1C BALANCE (LINE IA - 1B) 2 COST OF GOODS SOLD AND/OR OPERATIONS 3 GROSS PROFIT (LINE IC - 2) 4 ORDINARY INCOME (LOSS) FROM OTHER PARTNERSHIPS AND FIDUCIARIES 5 NET FARM PROFIT (LOSS) 6 NET GAIN (LOSS) FROM FORM 4797 OR FORM D-1 7 OTHER INCOME (LOSS) 8 TOTAL INCOME (LOSS)(COMBINE LINES 3 THROUGH 7) 9 SALARIES AND WAGES 10 GUARANTEED PAYMENTS 11 REPAIRS 12 BAD DEBTS 13 RENT 14 TAXES 15 DEDUCTIBLE INTEREST EXPENSE NOT CLAIMED ELSEWHERE 16 DEPRECIATION 17 DEPLETION 18 RETIREMENT PLANS, ETC 19 EMPLOYEE BENEFIT PROGRAMS 20 OTHER DEDUCTIONS 21 TOTAL DEDUCTIONS (ADD LINE 9 THROUGH 20) 22 ORDINARY INCOME (LOSS) (SUBTRACT LINE 21 FROM 8) 20,803,273. 20,803,273. 20,803,273. 20,803,273. 20,803,273. 20,803,273. 137,818. 137,818. <156,411.> <156,411.> 20,784,680. 20,646,862. 137,818. 12,181,179. 12,181,179. 416,838. 416,838. 815,645. 815, 45. 772,275. 661,689. 110,586. 72. 72. 44,543. 247,572. <203,029. 111,980. 111,980. 379,739. 379,739. 3,561,967. 3,360,914. 201,053. 18,284,238. 18,175,628. 108,610. 2,500,442. 2,471,234. 29,208. 629231 04-01.15 24 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806292

CA REC RECONCILIATION OF CALIFORNIA SOURCE AMOUNT 2016 NAME NEXT MANAGEMENT LLC EMPLOYER ID 13-3495607 DESCRIPTION CALIFORNIA SCHEDULE K AMOUNT NON-CALIFORNIA SOURCE AMOUNT CALIFORNIA SOURCE AMOUNT 1 Ordinary Income (loss) from trade or business activities 2 Net Income (loss) from rental real estate activities 3 Net income (loss) from other rental activities 4 Guaranteed payments to partners 5 Interest Income 6 Dividends 7 Royalties 8 Net short-term capital gain (loss) 9 Net long-term capital gain (loss) 10 a Total Gain under IRC Section 1231 (other than due to casualty or theft) b Total Loss under IRC Section 1231 (other then due to casualty or theft) 11 a Other portfolio income (loss) b Total other income e Total other loss 12 Expense deduction for recovery properly (IRC Section 179) 13 a Charitable contributions: i) 50% Limit ii) 30% Limit ii) 20% Limit b Investment interest expense c Section 59(e) expenditures d Deductions related to portfolio income e Other deductions 17 a Depreciation adjustment on property in service after 1986 b Adjusted gain or (loss) c Depletion (other than oil and gas) d Gross income from oil, gas, and geothermal properties e Deductions allocable to oil, gas, and geothermal properties f Other alternative minimum tax items 18 a Tax-exempt interest income b Other tax-exempt income c Nondeductible expenses 20 a Investment income 0 Investment expenses 2,471,234. 1,881,201. 590,033. 48,606. 48,606. 25,000. 19,031. 5,969. 12,512. 12,512. 9,265. 7,053. 2,212. 187,767. 142,936. 44,831. 48,606. 48,606. 629241 044)1.16 25 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806293

1 TAXABLE YEAR Member's Share of Income, 2016 Deductions, Credits, etc. 629421 11.23.16 CALIFORNIA SCHEDULE K-1 (568) TYB 01-01-2016 TYE 12-31-2016 13-3508513 CLAXON INC C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK NY 10013 13-3495607 200506910067 NEXT MANAGEMENT LLC 15 WATTS STREET 6TH FLOOR NEW YORK NY 10013 A What type of entity is this member?* (1) 0 Individual (4) M C Corporation (7) 0 LLP (10) 0 Exempt Organization (2) 0 S Corporation (8) 0 General Partnership (8) 0 LLC (1 1) 0 Disregarded Entity (3) 0 Estate/Trust (6) 0 Limited Partnership (9) 0 IRA/Keogh/SEP B Is this member a foreign member? • 0 Yes M No C Enter members percentage (without regard to special allocations) of: Profit sharing Loss sharing Ownership of capital (I) Before decrease or temiinaton 42.0000 42.0000 42.0000 g• g• (II) End of year 42.0000 42.0000 42.0000 13 Member's share of liabilities: Nonrecourse • S Qualified nonrecourse financing • S Other • S E Reportable transaction or tax shelter registration number(s) F (1) Check here if this is a publicly traded partnership as defined in IRC Section 469(0(2) ci ci ci 402,290 7,543,181 ci 00 00 (2) Check here if this is an investment partnership (R&TC Sections 17955 and 23040.1) G Check here if this is: • (1) C A final Schedule K•1 (568) (2) 0 An amended Schedule K•1 (568) H Is this member a resident of California? • 0 Yes II, M No @ Li 0 For Privacy Notice, get FIB 1131 ENG/SP. M( 21 2 7901164 I Schedule K•1 (568) 2016 Side 1 1 EFTA00806294

1 629477 11-23.16 Members name ICLAXON INC C/O NEXT MANAGEMENT LLC Members identifying number 13-3508513 I Analysis of members capital account: Check the box • (1) al Tax Basis (2) GAAP (3) Section 704(b) Book (4) Other (explain) l a) Caplui account al oo3inning of yam RI) Capital oconbuiad Outing 21001 lo) latintaes abate of one 3. line 4. and lino T. Form 568. Schadula M.2 withcfrawais .1, (1es,...,..n. e Capital accouni t )at and of year. combine column (a) trough Column (dl • 492,058. • • 1,154,322.•( 945,000.) • 701,380. caution: Hater to member s instructions ror Jcnealie Is-i iota) oetore entemg imormation worn tnis scneatne on your uarromia return. (a Distributive share items (b) Amounts from federal Schedule Icl (1065) (c) California adjustments (d) Total amounts using California law. Combine col. (b) and col. (c) where applicable (e) California source amounts and credits Income (Loss) 1 Ordinary Income (loss) from trade or business activities 2 Net Income (loss) from rental real estate activities 3 Net Income (loss) from other rental activities 4 Guaranteed payments to members 5 Interest income 6 Dividends 7 Royalties 8 Net short-term capital gain (loss) 9 Net long-term capital gain (loss) 10 a Total gain under IRC Section 1231 (other than due to casualty or theft) b Total loss under IRC Section 1231 (other than due to casualty or theft) 11 a Other portfolio income (loss). Attach schedule b Total other Income c Total other loss 1,050,186. -12,268. • 1,037,918. P. 247,814. • Po 0 @ • ll• 6,707. 13,708. • 20,415. lo. • ll• • ll• • ll• • ll• • ll• • ll• • ll• • ll• • Ilab i e 0 . 12 Expense deduction for recovery prop. (IRC Section 179) STMT 13 a Charitable contributions STM b Investment interest expense 1 Total expenditures to which an IRC Section 59(e) election may apply 2 Type of expenditures 27,100. -16,600. 10,500. 2,507. 5,255. 5,255. d Deductions related to portfolio income e Other deductions ■ Side 2 Schedule KA (568) 2016 022 7902164 I ■ EFTA00806295

1 62947311.23-16 Members name ICLAXON INC C/O NEXT MANAGEMENT LLC Members identifying number 13-3508513 (a) Distributive share items 4 Amounts from federal Schedule K.1 (1065) rO California adjustments (0 Total amounts using California law. Combine col. (b) and col. (c) le) California source amounts and credits is o 3 15 a Total withholding (equals amount on Form 592-8 if calendar year LLC) b Low-income housng credit c Credits other than line 15b related to rental real estate activities d Credits related to other rental activities e Nonconsenting nonresident member% tax paid by LLC I Other credits • Attach required schedules or statements AL • In, Alternative Minimum Tax (AMT) Items 17 a Depreciation adjustment on property placed in service after 1986 b Adjusted gain or loss c Depletion (other than oil & gas) d Gross income from oil, gas, and geothermal properties e Deductions allocable to oil, gas, and geothermal properties I Other alternative minimum tax items 68. 3,824. (i.., 3,892. 0 929. lanteTTAINO litre:, 18 a Tax-exempt interest income b Other tax-exempt income c Nondeductible expenses . . . STMT 53,684. 25,178. 78,862. 18,829. 8 tr., 0 z P L, a 19 a Distributions of money (cash and marketable securities) b Distributions of property other than money 945,000. (!) 945,000. 1 @ S la 5E O S c 20 a Investment income b Investment expenses e Other information. See instructions 6,707. 13,708. 20,415. ■ 022 7903164 I Schedule K 1 (568) 2016 Side 3 1 EFTA00806296

1 629424 11-n.16 Members name ICLAXON INC C/O NEXT MANAGEMENT LLC Members Identifying number 13-3508513 Other Member Information Table 1 Member's share of nonbusiness income from intangibles (source of income is dependent on residence or commercial domicile of the member): Interest $ Dividends $ Sec. 1231 Gainsiosses $ Royalties Capital Gains/Losses $ Other FOR USE 8Y MEMBERS ONLY • See instructions. Table 2 Member's share of distributive items. A. Members share of the LLC's business income. See instructions. $ B. Member's share of nonbusiness income from real and tangible personal property sourced or allocable to California. Capital Gains/Losses $ Sec. 1231 GainstLosses $ Rents/Royalties $ Other C. Member's distributive share of the LLC's property, payroll, and sales: Factors Total within and outside California Property: Beginning Property: Ending Property: Annual rent expense , , Payroll Sales Total within California ■ Side 4 Schedule K•1 (568)2016 022 7904164 EFTA00806297

NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K-1 CHARITABLE CONTRIBUTIONS AMOUNT DESCRIPTION AMOUNT CA SOURCE CHARITABLE CONTRIBUTIONS - 50 PERCENT LIMIT 5,255. TOTAL TO SCHEDULE K-1, LINE 13A 5,255. CA SCHEDULE K-1 EXPENSE DEDUCTION FOR RECOVERY PROPERTY DESCRIPTION AMOUNT IRC SECTION 179 EXPENSE 10,500. TOTAL TO SCHEDULE K-1, LINE 12 10,500. CA SCHEDULE K-1 COLUMN C RECONCILIATION DESCRIPTION AMOUNT ORDINARY INCOME (LOSS) INTEREST INCOME SECTION 179 EXPENSE CHARITABLE CONTRIBUTIONS AMORTIZATION ON RETURN AND NOT ON BOOKS DEPRECIATION ON BOOKS AND NOT ON RETURN NONDEDUCTIBLE EXPENSES RENT EXPENSE SALARIES AND WAGES STATE / LOCAL DEFERRED INCOME TAX TWO TWELVE MANAGEMENT, LLC 1,050,186. 6,707. <27,100.> <5,255.> 84,442. <23,197.> <53,684.> <35,529.> 137,894. <5,460.> 25,318. TOTAL TO SCHEDULE K-1 ANALYSIS OF CAPITAL ACCOUNT, COLUMN C 1,154,322. CA SCHEDULE K-1 NONDEDUCTIBLE EXPENSES DESCRIPTION AMOUNT ASSESSMENTS 182. EXCLUDED MEALS AND ENTERTAINMENT EXPENSES 32,234. STATE INCOME/FRANCHISE TAXES 46,446. TOTAL TO SCHEDULE K-1, LINE 18C 78,862. PARTNER NUMBER 1 EFTA00806298

2 TAXABLE YEAR Member's Share of Income, 2016 Deductions, Credits, etc. ■ 629421 11.23.16 CALIFORNIA SCHEDULE K-1 (568) TYB 01-01-2016 TYE 12-31-2016 13-3501977 PARTNERSHIP HOLDING CORP C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK NY 10013 13-3495607 200506910067 NEXT MANAGEMENT LLC 15 WATTS STREET 6TH FLOOR NEW YORK NY 10013 A What type of entity is this member?* (1) 0 Individual (4) 0 C Corporation (7) 0 LLP (10) 0 Exempt Organization (2) MI S Corporation (6) 0 General Partnership (8) 0 LLC (11) 0 Disregarded Entity (3) 0 Estate/Trust (6) 0 Limited Partnership (9) 0 IRA/Keogh/SEP B Is this member a foreign member? • El Yes M No C Enter members percentage (without regard to special allocations) of: Profit sharing Loss sharing Ownership of capital 13 Member's share of liabilities: Nonrecourse Qualified nonrecourse financing Other (I) Before decrease or temiinaton 31.0000 31.0000 31.0000 (II) End of year 31.0000 31.0000 31.0000 E Reportable transaction or tax shelter registration number(s) F (1) Check here if this is a publicly traded partnership as defined in IRC Section 469(0(2) (2) Check here if this is an investment partnership (R&TC Sections 17955 and 23040.1) G Check here if this is: • (1) l= A final Schedule K•1 (568) (2) 0 An amended Schedule K•1 (568) H Is this member a resident of California? • El Yes II, M No • S • S • S 296,929 00 00 00 5,567,586 @ 0 0 For Privacy Notice, get FIB 1131 ENG/SP. M( 21 2 7901164 I Schedule K•1 (568) 2016 Side 1 2 EFTA00806299

2 62947? 11.23.16 Members name PARTNERSHIP HOLDING CORP. C/O NEXT MA Members identifying number 13-3501977 I Analysis of members capital account: Check the box • (1) LxJ Tax Basis (2) 0 GAAP (3) Section 704(b) Book (4) Other (explain) ( a) Donning of yaw Cadtd account al (b) Capital ocotibutaci Outing Mar (c) Morctia'S share of Ina 3. pro 4, and lino T, Form 568. Scheoldo M.2 withcfrawais Naes,...,..n. e ) cammamoun( newayom. combine column (a) through titan (di • 363,187. • • 852,000.0( 697,500.) • 517,687. caution: Hater to member s instructions ror Jcnealle Is-i iota) oetore entemg imormation worn tots scneatne on your uarromia return. (a Distributive share items (b) Amounts from federal Schedule Icl (1065) (c) California adjustments (d) Total amounts using California law. Combine col. (b) and col. (c) where applicable (e) California source amounts and credits Income (Loss) 1 2 3 4 5 6 7 8 9 10 11 Ordinary income (loss) from trade or business activities Net income (loss) from rental real estate activities Net income (loss) from other rental activities Guaranteed payments to members Interest income Dividends Royalties Net short-term capital gain (loss) Net long-term capital gain (loss) a Total gain under IRC Section 1231 (other than due to casualty or theft) b Total loss under IRC Section 1231 (other than due to casualty or theft) a Other portfolio income (loss). Attach schedule b Total other income c Total other loss 775,137. -9,054. • 766,083. II. 182,910. • la, @ 40 • ll• 4,950. 10,117. • 15,067. Illi. • ll• • ll• • ll• • ll• • ll• • ll• • ll• • ll• • ll• i e O . 12 13 Expense deduction for recovery prop. (IRC Section 179) STMT a Charitable contributions STMT b Investment interest expense 1 Total expenditures to which an IRC Section 59(e) election may apply 2 Type of expenditures 20,002. -12,252. 7,750. 1,850. 3,879. 3,879. d Deductions related to portfolio income e Other deductions ■ Side 2 Schedule K 1 (568) 2016 022 7902164 I ■ EFTA00806300

2 62947311.23-16 Members name PARTNERSHIP HOLDING CORP. C/O NEXT MA Members identifying number 13-3501977 (a) Distributive share items b) Amounts from federal Schedule K.1 (1065) rO California adjustments (0 Total amounts using California law. Combine col. (b) and col. (c) le) California source amounts and credits is o 3 15 a Total withholding (equals amount on Form 592-8 if calendar year LLC) b Low-income housing credit c Credits other than line 15b related to rental real estate activities d Credits related to other rental activities e Nonconsenting nonresident member% tax paid by LLC I Other credits • Attach required schedules or statements AL • In, Alternative Minimum Tax (AMT) Items 17 a Depreciation adjustment on property placed in service after 1986 b Adjusted gain or loss c Depletion (other than oil & gas) d Gross income from oil, gas, and geothermal properties e Deductions allocable to oil, gas, and geothermal properties I Other alternative minimum tax items 50. 2,822. • 2,872. • 686. lanteTTAINO litre:, 18 a Tax-exempt interest income b Other tax-exempt income c Nondeductible expenses . . . STMT 39,623. 18,585. 58,208. 13,898. 8 tr., 0 z 0 L, a 19 a Distributions of money (cash and marketable securities) b Distributions of property other than money 697,500. Q0 697,500. 1 @ S la 5£ Os c 20 a Investment income b Investment expenses e Other information. See instructions 4,950. 10,117. 15 067. STMT ■ 022 7903164 I Schedule K 1 (568) 2016 Side 3 2 EFTA00806301

2 629424 11-n.16 Members name PARTNERSHIP HOLDING CORP. C/O NEXT MA Members Identifying number 13-3501977 Other Member Information Table 1 Member's share of nonbusiness income from intangibles (source of income is dependent on residence or commercial domicile of the member): Interest $ Dividends $ Sec. 1231 Gainsiosses $ Royalties Capital Gains/Losses $ Other FOR USE 8Y MEMBERS ONLY • See instructions. Table 2 Member's share of distributive items. A. Members share of the LLC's business income. See instructions. $ B. Member's share of nonbusiness income from real and tangible personal property sourced or allocable to California. Capital Gains/Losses $ Sec. 1231 GainstLosses $ Rents/Royalties $ Other C. Member's distributive share of the LLC's property, payroll, and sales: Factors Total within and outside California Property: Beginning Property: Ending Property: Annual rent expense , , Payroll Sales Total within California ■ Side 4 Schedule K•1 (568)2016 022 7904164 EFTA00806302

NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K-1 CHARITABLE CONTRIBUTIONS AMOUNT DESCRIPTION AMOUNT CA SOURCE CHARITABLE CONTRIBUTIONS - 50 PERCENT LIMIT 3,879. TOTAL TO SCHEDULE K-1, LINE 13A 3,879. CA SCHEDULE K-1 EXPENSE DEDUCTION FOR RECOVERY PROPERTY DESCRIPTION AMOUNT IRC SECTION 179 EXPENSE 7,750. TOTAL TO SCHEDULE K-1, LINE 12 7,750. CA SCHEDULE K-1 COLUMN C RECONCILIATION DESCRIPTION AMOUNT ORDINARY INCOME (LOSS) INTEREST INCOME SECTION 179 EXPENSE CHARITABLE CONTRIBUTIONS AMORTIZATION ON RETURN AND NOT ON BOOKS DEPRECIATION ON BOOKS AND NOT ON RETURN NONDEDUCTIBLE EXPENSES RENT EXPENSE SALARIES AND WAGES STATE / LOCAL DEFERRED INCOME TAX TWO TWELVE MANAGEMENT, LLC 775,137. 4,950. <20,002.> <3,879.> 62,327. <17,122.> <39,623.> <26,223.> 101,778. <4,030.> 18,687. TOTAL TO SCHEDULE K-1 ANALYSIS OF CAPITAL ACCOUNT, COLUMN C 852,000. CA SCHEDULE K-1 NONDEDUCTIBLE EXPENSES DESCRIPTION AMOUNT ASSESSMENTS 135. EXCLUDED MEALS AND ENTERTAINMENT EXPENSES 23,791. STATE INCOME/FRANCHISE TAXES 34,282. TOTAL TO SCHEDULE K-1, LINE 18C 58,208. PARTNER NUMBER 2 EFTA00806303

NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K-1 AGGREGATE GROSS RECEIPTS FOR AMT EXCLUSION DESCRIPTION AMOUNT GROSS SALES LESS RETURNS INTEREST 6,830,554. 15,067. TOTAL 6,845,621. PARTNER NUMBER 2 EFTA00806304

3 TAXABLE YEAR Member's Share of Income, 2016 Deductions, Credits, etc. 629421 11.23.16 CALIFORNIA SCHEDULE K-1 (568) TYB 01-01-2016 TYE 12-31-2016 13-3682060 THE WILCOR GROUP 15 WATTS STREET INC C/O NEXT MANAGEMENT LLC NEW YORK NY 10013 13-3495607 200506910067 NEXT MANAGEMENT LLC 15 WATTS STREET 6TH FLOOR NEW YORK NY 10013 A What type of entity is this member?* (1) 0 Individual (4) 0 C Corporation (7) 0 LLP (10) 0 Exempt Organization (2) MI S Corporation (6) 0 General Partnership (8) 0 LLC (11) 0 Disregarded Entity (3) 0 Estate/Trust (6) 0 Limited Partnership (9) 0 IRA/Keogh/SEP B Is this member a foreign member? • El Yes M No C Enter members percentage (without regard to special allocations) of: Profit sharing Loss sharing Ownership of capital (I) Before decrease or termination 27.0000 27.0000 27.0000 (II) End of year 27.0000 27.0000 27.0000 13 Members share of liabilities: Nonrecourse • S Qualified nonrecourse financing • S Other • S E Reportable transaction or tax shelter registration number(s) F (1) Check here if this is a publicly traded partnership as defined in IRC Section 469(0(2) 258,615 4,849,188 00 00 00 (2) Check here if this is an investment partnership (R&TC Sections 17955 and 23040.1) G Check here if this is: • (1) l= A final Schedule K•1 (568) (2) 0 An amended Schedule K•1 (568) H Is this member a resident of California? • El Yes II, M No @ Li 0 0 For Privacy Notice, get FIB 1131 ENG/SP. M( 21 2 7901164 I Schedule KA (568) 2016 Side 1 3 EFTA00806305

3 629477 11-23.16 Members name WILCOR GROUP INC. C/O NEXT MANAGE Member's identifying number 13-3682060 I Analysis of members capital account: Check the box • (1) LxJ Tax Basis (2) Li GAAP (3) Section 704(b) Book (4) Other (explain) ( a) CapaiiamoumiddrOmingamm Capital dentributad during you la) mentor's inn of lino 3.11noo 4. and lino T. Form 568. Schodulo M.2 WMckaroatail•WWWm (e Capital account at ondoryear. 40102146 damn Oa through column (dl • 316,326. • • 742,064.0( 607,500.) • 450,890. caution: Hater to member s instructions ror Jcnearle Is-i iota, oetore entemg imormation worn tnis scneatne on your uarromia return. (a Distributive share items (b) Amounts from federal Schedule K.1 (1065) (c) California adjustments (d) Total amounts using California law. Combine col. (b) and col. (c) where applicable (e) California source amounts and credits Income (Loss) 1 Ordinary income (loss) from trade or business activities 2 Net income (loss) from rental real estate activities 3 Net income (loss) from other rental activities 4 Guaranteed payments to members 5 Interest income 6 Dividends 7 Royalties 8 Net short-term capital gain (loss) 9 Net long-term capital gain (loss) 10 a Total gain under IRC Section 1231 (other than due to casualty or theft) b Total loss under IRC Section 1231 (other than due to casualty or theft) 11 a Other portfolio income (loss). Attach schedule b Total other income c Total other loss 675,119. -7,886. • 667,233. 1. 159,309. • leo 0 0 • leo 4,311. 8,813. • 13,124. 1. • ll• • ll• • ll• • ll• • ll• • ll• • ll• • ll• • ll• i e 0 . 12 Expense deduction for recovery prop. (IRC Section 179) STMT 13 a Charitable contributions STMT b Investment interest expense 1 Total expenditures to which an IRC Section 59(e) election may apply 2 Type of expenditures 17,421. -10,671. 6,750. 1,612. 3,378. 3,378. d Deductions related to portfolio income e Other deductions ■ Side 2 Schedule K 1 (568) 2016 022 7902164 I ■ EFTA00806306

3 62947311.23-16 Members name WILCOR GROUP INC. C/O NEXT MANAGE Member's identifying number 13-3682060 (a) Distributive share items b) Amounts from federal Schedule K.1 (1065) rO California adjustments (0 Total amounts using California law. Combine col. (b) and col. (c) le) California source amounts and credits is o 3 15 a Total withholding (equals amount on Form 592-8 if calendar year LLC) b Low-income housing credit c Credits other than line 15b related to rental real estate activities d Credits related to other rental activities e Nonconsenting nonresident member% tax paid by LLC f Other credits • Attach required schedules or statements AL • lb, Alternative Minimum Tax (AMT) Items 17 a Depreciation adjustment on property placed in service after 1986 b Adjusted gain or loss c Depletion (other than oil & gas) d Gross income from oil, gas, and geothermal properties e Deductions allocable to oil, gas, and geothermal properties I Other alternative minimum tax items 43. 2,458. L 2,501. 0 597. lanteTTAINO litre:, 18 a Tax-exempt interest income b Other tax-exempt income c Nondeductible expenses . . . STMT 34,511. 16,186. 50,697. 12,104. 8 tr., 0 z P L, a 19 a Distributions of money (cash and marketable securities) b Distributions of property other than money 607,500. (t) 607,500. 1 @ S la 5E O s c 20 a Investment income b Investment expenses e Other information. See instructions 4,311. 8,813. 13,124. STMT ■ 022 7903164 I schedule K 1 (568) 2016 Side 3 3 EFTA00806307

3 629424 11-23 16 Members name WILCOR GROUP INC. C/O NEXT MANAGE Member's Identifying number 13-3682060 Other Member Information Table 1 Member's share of nonbusiness income from intangibles (source of income is dependent on residence or commercial domicile of the member): Interest $ Dividends $ Sec. 1231 Gainsiosses $ Royalties Capital Gains/Losses $ Other FOR USE 8Y MEMBERS ONLY • See instructions. Table 2 Member's share of distributive items. A. Members share of the LLC's business income. See instructions. $ B. Member's share of nonbusiness income from real and tangible personal property sourced or allocable to California. Capital Gains/Losses $ Sec. 1231 GainstLosses $ Rents/Royalties $ Other C. Member's distributive share of the LLC's property, payroll, and sales: Factors Total within and outside California Property: Beginning Property: Ending Property: Annual rent expense , , Payroll Sales Total within California ■ Side 4 Schedule K•1 (568)2016 022 7904164 EFTA00806308

NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K-1 CHARITABLE CONTRIBUTIONS AMOUNT DESCRIPTION AMOUNT CA SOURCE CHARITABLE CONTRIBUTIONS - 50 PERCENT LIMIT 3,378. TOTAL TO SCHEDULE K-1, LINE 13A 3,378. CA SCHEDULE K-1 EXPENSE DEDUCTION FOR RECOVERY PROPERTY DESCRIPTION AMOUNT IRC SECTION 179 EXPENSE 6,750. TOTAL TO SCHEDULE K-1, LINE 12 6,750. CA SCHEDULE K-1 COLUMN C RECONCILIATION DESCRIPTION AMOUNT ORDINARY INCOME (LOSS) INTEREST INCOME SECTION 179 EXPENSE CHARITABLE CONTRIBUTIONS AMORTIZATION ON RETURN AND NOT ON BOOKS DEPRECIATION ON BOOKS AND NOT ON RETURN NONDEDUCTIBLE EXPENSES RENT EXPENSE SALARIES AND WAGES STATE / LOCAL DEFERRED INCOME TAX TWO TWELVE MANAGEMENT, LLC 675,119. 4,311. <17,421.> <3,378.> 54,284. <14,912.> <34,511.> <22,840.> 88,646. <3,510.> 16,276. TOTAL TO SCHEDULE K-1 ANALYSIS OF CAPITAL ACCOUNT, COLUMN C 742,064. CA SCHEDULE K-1 NONDEDUCTIBLE EXPENSES DESCRIPTION AMOUNT ASSESSMENTS 117. EXCLUDED MEALS AND ENTERTAINMENT EXPENSES 20,722. STATE INCOME/FRANCHISE TAXES 29,858. TOTAL TO SCHEDULE K-1, LINE 18C 50,697. PARTNER NUMBER 3 EFTA00806309

NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K-1 AGGREGATE GROSS RECEIPTS FOR AMT EXCLUSION DESCRIPTION AMOUNT GROSS SALES LESS RETURNS INTEREST 5,949,187. 13,124. TOTAL 5,962,311. PARTNER NUMBER 3 EFTA00806310

2016 TAX RETURN FILING INSTRUCTIONS FLORIDA FORM F-1065 FOR THE YEAR ENDING DECEMBER 31, 2016 Prepared for NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Prepared by SACKS PRESS & LACHER PC 600 THIRD AVENUE NEW YORK, NY 10016-1901 To be signed and dated by A MEMBER OF THE LLC Amount of tax Total tax S 0.00 Less: payments and credits S 0.00 Plus: other amount S 0.00 Plus: interest and penalties S 0.00 NO PMT REQUIRED s Overpayment Credited to your estimated tax $ 0.00 Other amount $ 0.00 Refunded to you $ 0.00 Mail tax return and check (if applicable) to FLORIDA DEPARTMENT OF REVENUE 5050 W. TENNESSEE STREET TALLAHASSEE, FL 32399-0135 Forms to be distributed to partners ENCLOSED ARE COPIES OF SCHEDULE K-1 PARTNERS. TO BE DISTRIBUTED TO THE Return must be mailed on or before OCTOBER 2, 2017 Special Instructions 610142 04.01.16 EFTA00806311

Florida Tentative Income / Franchise Tax Return 1019 and Application for Extension of Time to File Return F-7004 Information for Filing Florida Form F-7004 When to file -File this application on or before the original due date of the taxpayer's corporate income tax or partnership return. Do not file before the end of the tax year. To file online go to Penalties for failure to pay tax - If you are required to pay tax with this application, failure to pay will void any extension of tine and subject the taxpayer to penalties and interest for failure to file a timely retum(s) and pay all taxes due. There is also a penalty for a late-filed return when no tax is due. Signature -A person authorized by the taxpayer must sign Florida Form F-7004. They must be (a) an officer or partner of the taxpayer, (b) a person currently enrolled to practice before the Internal Revenue Service (IRS), or (c) an attorney or Certified Public Accountant qualified to practice before the IRS under Public Law 89-332. The Florida Form F-7004 must be filed -To receive an extension of time to file your Florida return, Florida Form F-7004 must be timely filed, even if you have already filed a federal extension request. A federal extension by itself does not extend the time to file a Florida return. An extension for Florida tax purposes may be granted, even though no federal extension was wanted. See Rule 12C-1.0222, FAC., for information on the requirements that must be met for your request for an extension of time to be valid. R. 01/17 Rule 120.1.051 Fierkla Actolnestrallv9 Code Effoctive 01/15 A. If applicable, state the reason you need the extension: F-7004 R. 01/17 B. Type of federal return filed: PARTNERSHIP ( 1065 ) Contact person for questions: Telephone number: Milffir Extension of Time Request Florida Income/Franchise Tax Due 1. Tentative amount of Florida tax for the taxable year 1. 2. LESS: Estimated tax payments for the taxable year 2. 3. Balance due - You must pay 100% of the tax tent- Lively determined due with this extension request 3. Transfer the amount on Line 3 to Tentative tax due . Make chedts payable and mail to: FLORIDA DEPARTMENT CF REVENUE, 5050 W TENNESSEE STREET. TALLAHASSEE FL 32399-0135 644961 Florida Tentative income / Franchise Tax Return 1019 10.06-16 and Application for Extension of Time to File Return F-7004 FEIN 13-3495607 R. 01/15 Name NEXT MANAGEMENT LLC Taxable Year End 12/31/16 Address 15 WATTS STREET, 6TH FLOOR FILING STATUS Partnership X Corporation City/State/ZIP NEW YORK Under penalties of perjury, I declare that I have been authorized by the above and belief the statements herein are true and correct Sign Here: named NY 10013 Tentative Tax taxpayer to make this application, that to Date: Due the best All other federal returns to be filed $ 0 Mil of my knowledge 133495607 0 0 0 2 0 0 0 20161231 0 0 0 0 0 0 0 009 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8733 0 20161231 0002005030 9 3133'495607 0000 7 EFTA00806312