Florida Partnership Information Return For the taxable year beginning JAN 1 2 0 1 6 and ending DEC 3 1 . 2 0 1 6 1019 F-1065 R. 01/16 Rule 12C-1.051 Florida Administrative Code Effective 01/16 NEXT MANAGEMENT LLC Name of Partnership 15 WATTS STREET, 6TH FLOOR Street Address NEW YORK City - DI CI CI @ Federal Employer Identification Number (FEIN) El El DI M CI CI Principal Business Activity Code NY 10013 State ZIP Part I. Florida Adjustment to Partnership Income A. Additions to federal income: 1. Federal tax-exempt interest Total interest excluded from federal ordinary income Less associated expenses not deductible in computing federal ordinary income I ) Net Interest 2. Stale income taxes deducted in computing federal Of *nary InCanse STATEMENT 1 110,586.00 3. Other additions Total A. 110,586.00 8. Subtractions from federal income B. 15,399.00 C. Subtotal (Line A less Line B) C. 95,187.00 D. Net adjustment from other partnerships or joint ventures D. E. Partnership income adjustment 1. Increase (total of Lines C and D) El. 95,187.00 2. Decrease (total of Lines C and D) 2.( ) Part II. Distribution of Partnership Income Adjustment Partners name and address (Include FEIN) Note: If there is no adjustment on Line E. show partner's percentage of profits in Column (b) and leave Columns (a) and (c) blank. (a) Amount shown on Line E. Part I. above (b) Partner's percentage of profits (c) Ccr n:ra?str=2 )= Enter here and dine lorlda Pam F-1120. Schedule I. Line 19 St tbacreasse. Schedule II, Line In A 13-3508513 CLAXON INC C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 95,187.00 42.0000000 39,978.00 8. 13-3501977 PARTNERSHIP HOLDING CORP. C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 95,187.00 31.0000000 29,509.00 C. 13-3682060 THE WILCOR GROUP INC. C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 95,187.00 27.0000000 25,700.00 Under paelte0 c, perjury. I &cave Mal I have examined this rettem, including accompanyeng schedules and statements, and to the best of my knowledgeand ballet. It is true. correct. and complete. Decimation of peepers. (other Man taxpayer)* based on all Information of which prepares has any knowledge Sign Here Sigatureolgomwormember pausiboaricnomisiglakiro Data Paid Preparer Only kyohomeo Signalwe GARY W. PRESS Dam 0 9 / 1 2 / 1 7 chock 9 sew NRWOPIRWIDWOIMWTTM P 0 0192851 wnotrwed Hm $ WWW you. OsellAIMIWA andaddem h, SACKS PRESS & LACHER PC FEIN lie 1 3 - 3 0 5 0 3 1 3 r NEW YORK, NY n' Ph 10016-1901 Mail To: Florida Department of Revenue, 5050 W. Tennessee St., Tallahassee FL 32399-0135 644261 01-20. T 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806313

III III III III I III I 11111 I III I III III II NOTE: Please read instructions (Florida Form F-1065N) before completing the schedules below. 1019 F-1065 R.01/16 Page 2 Part III. Apportionment Information IIla For use by partnerships doing business both within without Florida (a) Within Florida (b) Total Everywhere and t Average value of ',welly per Schedule uc (Line ti) 1,570,178.00 12,400,790.00 2. Salaries, wages, commissions, and other compensation paid or accrued in connection with Wade or business for the period covered by this mtum 976,440.00 12,234,940.00 1 Sales 1,891,925.00 21,743,272.00 Ill-B. For use by partnerships providing transportation within and without Florida (a) Within Florida (bObtal Everywhere services t Transportation services revenue miles (see instructions) III-C. For use in computing average value of property Within Florida Total Everywhere a. Beginning of Year b. End of Year c. Beginning of Year d. End of Year t Inventories of raw material, work in process, inithedi goods 2. Buildings and other depreciable asseth (ea odOIW co,s0 655,970.00 327,985.00 3,460,620.00 1,718,113.00 3. Land owned (at original cost) 4. Other tangible assets (at original cost) and intangible assets (financial organizations only). Attach schedule. 146,432.00 146,432.00 2,485,837.00 2,564,433.00 S. Total (Lhes 1 through 4 802,402.00 474,417.00 5,946,457.00 4,282,546.00 6 Along. valor of popery in Maatta 0YMb Florida). odd One 5. Column); Nand (o)and &Ada by 2. For average yak* of mealy rroanotturte (Total Eyarmelweg add MP 5. GoltraoS (c)and (di and MAO. by 2. 638,410.00 5,114,502.00 7. Rented property . (8 times net annual rent) 931,768.00 7,286,288.00 8. Total (Lines 6 and 7). Enter on Part Illa, Linen, Columns (a) and (b) 1,570,178.00 12,400,790.00 Average Florida Average Everywhere Part IV. Apportionment of Partners Share SEE SCHEDULES K-1 ATTACHED Partner (Name and Address) Percent of Interest In Partner• ship Property Data Payroll Data Sales Data Within Florida Everywhere Within Florida Everywhere Within Florida Everywhere A. 8. C. NOTE: Transfer data to Schedule III-A, Florida Form F-1120 644271 02-05.1T 3 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806314

NEXT MANAGEMENT LLC 13-3495607 FL F-1065 SUBTRACTIONS FROM FEDERAL INCOME STATEMENT 1 DESCRIPTION AMOUNT ALLOWABLE BONUS DEPRECIATION FROM 2015 15,399.00 TOTAL TO FORM F-1065, PART I, LINE B 15,399.00 STATEMENT(S) 1 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806315

FLORIDA SCHEDULE K-1 EQUIVALENT FORM F-1065 Partner's Florida Information For Calendar Year 2016 or Fiscal Year Beginning . 2016; and Ending 2016 Partners Name. Address a d ZIP Code CLAXON INC C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 Partner Number Partner's Identifying Number 13-3508513 Amended Schedule K-1 C Final Schedule K-1 EJ Partnership's Name. Address and ZIP Code NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Partnership's Identifying Number 13-3495607 Partner's Percentage of: PrOtandLoss 42.0000000% Florida Adjustment to Partnership Income Total interest excluded from federal ordinary income Less associated expenses Net interest State income taxes deducted from federal ordinary income 46,446.00 Other additions Total other additions Total Additions to Federal Income 46,446.00 Other subtractions ALLOWABLE BONUS DEPRECIATION FROM 2015 6,468.00 Total Subtractions 6,468.00 Total Subtractions from Federal Income Net adjustment from other partnerships or ventures Partnership Income Adjustment Partners share of Apportionment Information 1. Average properly value per Schedule III-C 2. Salaries, wages, commissions and compensation a Sales 4. Transportation services revenue miles 6,468.00 39,978.00 Within Florida Total verwhere 659,475.00 5,208,332.00 410,105.00 5,138,675.00 794,609.00 9,132,174.00 644201 04-01-16 14370912 758404 PNEXT100 5 2016.05050 NEXT MANAGEMENT LLC PNEXT1 0 4 EFTA00806316

FLORIDA SCHEDULE K-1 EQUIVALENT FORM F-1065 Partner's Florida Information For Calendar Year 2016 or Fiscal Year Beginning . 2016; and Ending 2016 PartnersName.AddmssadZIPCoth PARTNERSHIP HOLDING CORP. C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 Partner Number Partners Identifying Number 13-3501977 Amended Schedule K-1 C Final Schedule K-1 EJ Partnership's Name. Address and ZIP Code NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Partnership's Identifying Number 13-3495607 Partners Percentage of: Profit and Loss 31.0000000% Florida Adjustment to Partnership Income Total interest excluded from federal ordinary income Less associated expenses Net interest State income taxes deducted from federal ordinary income 34,282.00 Other additions Total other additions Total Additions to Federal Income 34,282.00 Other subtractions ALLOWABLE BONUS DEPRECIATION FROM 2015 4,773.00 Total Subtractions 4,773.00 Total Subtractions from Federal Income 4,773.00 Net adjustment from other partnerships or ventures Partnership Income Adjustment Partners share of Apportionment Information 1. Average property value per Schedule III-C 2. Salaries, wages, commissions and compensation a Sales 4. Transportation services revenue miles 29,509.00 Within Florida Total verMere 486,755.00 3,844,245.00 [_ 302,696.00 3,792,831.00 586,496.00 6,740,415.00 644201 04-01-16 6 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806317

FLORIDA Partner's Florida Information SCHEDULE K-1 EQUIVALENT For Calendar Year 2016 or Fiscal Year 2016 FORM F-1065 Beginning . 2016; and Ending Partners Name. Address a d ZIP Code THE WILCOR GROUP INC. C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 Partner Number Partners Identifying Number 13-3682060 Amended Schedule K-1 C Final Schedule K-1 EJ Partnership's Name. Address and ZIP Code NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Partnership's Identifying Number 13-3495607 Partners Percentage of: ProtitandLoss 27.0000000% Florida Adjustment to Partnership Income Total interest excluded from federal ordinary income Less associated expenses Net interest State income taxes deducted from federal ordinary income 29,858.00 Other additions Total other additions Total Additions to Federal Income 29,858.00 Other subtractions ALLOWABLE BONUS DEPRECIATION FROM 2015 4,158.00 Total Subtractions 4,158.00 Total Subtractions from Federal Income 4,158.00 Net adjustment from other partnerships or ventures Partnership Income Adjustment Partners share of Apportionment Information 1. Average properly value per Schedule III-C 2. Salaries, wages, commissions and compensation a Sales 4. Transportation services revenue miles 25,700.00 Within Florida Total verwhere 423,948.00 3,348,213.00 [_ 263,639.00 3,303,434.00 510,820.00 5,870,683.00 644201 04-01-16 7 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806318

2016 TAX RETURN FILING INSTRUCTIONS NEW YORK FORM IT-204 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 Overpayment Credited to your estimated tax $ 0.00 Other amount $ 0.00 Refunded to you $ 0.00 Mailtaxreum and check (if mvilicablOto THIS RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. IF YOU WISH TO HAVE IT TRANSMITTED TO THE NYSDTF, PLEASE SIGN, DATE AND RETURN FORM TR-579-PT TO OUR OFFICE. WE WILL THEN SUBMIT THE ELECTRONIC RETURN TO THE NYSDTF. 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 TR-579-PT TO US BY SEPTEMBER 15, 2017. Special Instructions DO NOT MAIL THE PAPER COPY OF THE RETURN TO THE NYSDTF. 610142 04.01.16 EFTA00806319

ero NEW YORK 2016 - Department of Taxation and Finance New York State E-File Signature Authorization for Tax Year 2016 for Forms IT-204 and IT-204-LL Electronic return originator (ERO): Do not mail this form to the Tax Department. Keep it for your records. Partnership name: NEXT MANAGEMENT LLC Return type (mark an X to Indicate which form you are Oiling): X IT•204 Purpose Form TR•579.PT must be completed to authorize an ERO to efile Form 11%204, Partnership Return, or Form I120441, Partnership, Limited Liability Company, and Limited Liability Partnership Filing Fee Payment Form. For the purposes of this form, all three forms of business entities will be referred to hereinafter as a partnership. General Instructions Part A must be completed by an authorized member or general partner before the ERO transmits the electronically filed Form IT•204 or I120411. EROs must complete Part B prior to transmitting an electronically filed Form IT•204 or IT•204•LL I1204•LL 686.375 11.04-16 Both the paid preparer and the ERO are required to sign Part B. However, if an individual performs as both the paid preparer and the ERO. he or she is only required to sign as the paid preparer. It is not necessary to include the ERO signature in this case. Note that an alternative signature can be used as described in Publication 58, information for income Tax Return Preparers Go to our website at www.tax.ny.gov to view this document. Do not mall Form TR-579-PT to the Tax Department. EROs must keep this form for three years and present it to the Tax Department upon request. This form is not required for electronically filed Form IT-370-PF, Application for Automatic Extension of Time to File for Partnerships and Fiduciaries. Financial institution information for Form IT-204-LL filers(musr be Present d electronic Payment is authaffred) 1 Amount owed on return 1. 2 Financial institution routing number 2. 3 Financial institution account number 3. 4 Account type: D Personal checking D Personal savings D Business checking Business savings Part A - Declaration of authorized member or general partner and authorizations for Form IT-204 or IT-204-LL Under penalty of perjury, I declare that I have examined the information on this 2016 New York State electronic partnership return, including any accompanying schedules, attachments, and statements, and certify that this electronic return is true, correct, and complete. The ERO has my consent to send this 2016 New York State electronic partnership return to New York State through the Internal Revenue Service (IRS). I understand that by executing this Form TR•579PT, I am authorizing the ERO to sign and fie this return on behalf of the partnership and agree that the ERO's submission of the partnership's return to the IRS, together with this authorization, will serve as the electronic signature for the return and any authorized payment transaction. If I am paying my New York State partnership fees due by electronic funds withdrawal, I certify that the account holder has authorized the New York State Tax Department and its designated fnancial agents to initiate an electronic funds withdrawal from the financial institution account indicated on this 2016 electronic return, and authorized the financial institution to withdraw the amount from that account. As New York does not support International ACH Transactions (IAT), I attest the source for these funds is within the United States. I understand and agree that I may revoke this authorization for payment only by contacting the Tax Department no later than five (5) business days prior to the payment date. Signature of authorized member or general partner. Print your name and title:FAITH KATES Date: PRESIDENT OF MEMBER MGR Part B - Declaration of ERO and paid preparer Under penalty of perjury, I declare that the information contained in this 2016 New York State electronic partnership return is the information furnished to me by the partnership. If the partnership furnished me a completed paper 2016 New York State partnership return signed by a paid preparer, I declare that the information contained in the partnership's 2016 New York State electronic partnership tax return is identical to that contained in the paper return. If I am the paid preparer. under penalty of perjury I declare that I have examined this 2016 New York State electronic partnership tax return. and. to the best of my knowledge and belief, the return is true, correct, and complete. I have based this declaration on all information available to me. ERO's signature: Print name: Paid preparers signature: Print name: GARY W. PRESS Date: 09-12-17 Date: 0 9 - 1 2 - 17 TR-579-PT (12/16) 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC 1019 PNEXT104 EFTA00806320

ri NEW YORK , STATE 2016NA---- Department of Taxation and Finance Application for Automatic Extension of Time to File for Partnerships and Fiduciaries (with instructions) 656551 '0.3116 IT-370-P F Instructions New for 2016 Partnerships -The filing deadline for partnership returns is moving from the fifteenth day of the fourth month to the fifteenth day of the third month following the close of the partnership year (now March 15 for calendar-year filers instead of April 15). Form IT-370-PF now automatically extends the due date for partnerships filing Form IT-204, Partnership Return, for six months instead of live. Since large electing partnerships are already allowed an auto- matic six-month extension, they no longer need to enter a special condition code when filing Form IT-370-PF. Estates and trusts -While the tiling deadline has not change) torn the Mena day of the bath month (April 15 for colander-yaw Mar* Fain IT-370.PF now automatically wands Ma duo date to fling Fan IT-205. Fiduciary Income Tax Return, tor five and one-half months instead orlon.. General information Purpose - File Form IT-370-PF on or before the due date of the return to get an automatic extension of time to file Form IT-204 or IT-205. Note: We no longer accept a copy of the federal extension form in place of Form IT-370-PF. If you have to file Form Y-206, Yonkers Nonresident Fkluckvy Earnings Tax Return, the time to file is automatically extended when you file Form IT-370-PF. For more information on who is required to file Farm Y-206, see the instructions for the form. You may Ma Fain IT-204 a Fare IT-205 any time tette the extension paled ends. An ettooltIon of emit to file Fenn IT-204 a IT-205 not extend the time for tiling New Yoe State income tax returns of patters 01 h pannorsh* a the bentrtlawies Ot an estate Cr Mist. When to file Fie a completed RinnIT-370-PF on the tang deadlne fa tie return tationsico applicatensIllad after the fling Macaw for the ream we Mira* *weeny. the tiling deadline • Partnerships - the fifteenth day of the third month following the close of your tax year (for calendar-year filers, March 15, 2017) • Estates and trusts -the fifteenth day of the fourth month following the close of your tax year (for calendar-year filers, April 18, 2017). However, you may file Form IT-370-PF on or before June 15, 2017, if you are a nonresident alien estate or trust and you qualify to file your federal and New York State income tax returns on June 15,2017. See Special condition codes on page 2. How to file . Garcia. a separate Form IT•3TO-PF for each partrowthip (including lintel liability companan(1164). limited lability irroalment 00mPanroia 3116.1. and limited liability trust companan (LLTCs) treated as parifesehip* each 'rated liability part unship and each estate a trust for which you we fallosting an extension of Ilma to 11th. Fan 11.205 fliers • Fam IT-3TO-FP mina be tiled with payment tor any tax owed on a before the duo data 01 the return (see the worksheet instructions on page 2) Penalties Estates and trusts late payment penalty- If an estate or trust does not pay the income tax liability when due (determined with regard to any valid extension of time to pay), it will have to pay a penalty of 1/2 of 1% of the unpaid amount for each month a part of a month it is not paid, up to a maximum of 25%. The penalty will not be charged if reasonable cause for paying late can be shown. This penalty is in addition to the interest charged for late payments. Reasonable cause will be presumed with respect to the addition to tax for late payment of income tax if the requirement relating to extensions of time to file have been complied with, the balance due shown on the income tax return, reduced by any sales or use tax that is owed, is no greater than 10% of the total New York State, New York City, and Yonkers tax shown on the income lax retum, and the balance due shown on the income tax return is paid with the return. Estates and trusts late filing penalty- if you do not file Form IT-205 when due (determined with regard to any extension of time to file), or if you do not file Form IT-370-PF on time and obtain an extension of time to file, you will have to pay a penalty of 5% of the income tax due for each month, or part of a month, the return is late up to a maximum of 25%. Hoe... It the hewn Is not filed WSW 60 days of the time Prinaltiod for Ming a return (Including exam:Pon* this penalty will not be less than the lesser of 3100 or 100% of the amount reciulart to to shown as Mane Mat ate on the rave reduced by any income tax pad aid by any credit that may be calmed. the penally will not be charged it reasonable caul* for tiling late IS Shwa. Partnerships -A partnership that is required tone Sown IT-204 and: (fifer to tile that return on time. Including any exionsion a time. Of (2) tiles o return that IS incomplete and tails to show the efonnation rested under When 659(0), al hate to Pay a penalty. nsa penally will be insPOSOJ fa each month a part a a month. up to a Maximum 015 months. the the *aura continuos The mount of the penalty for each month will be calculated by multiplying MD by the total number or partners in the fianriertiblP Outing any pan or the pertnershiP5 tax yew who were also subject to New York personal income tax during any pan of the tax par the penalty wfl not be cheroot, ire/namable came for tiling late is shown. Interest- miaow will be charged on any income tax a eel* Cr use tax that is not paid on a NSWe the cafe dole 01 your return, oven fi you ie.:awed an extension ot time to file your tenon. Mimi 'sachem. for the use ol money and In most cases may not be waived. Interest is compounded daily and the rate Is adpsted Otaleily. V Detaeh (cut) here • Do not submit with your return. 2016 Department of Taxation and Finance NEW YORK Application for Automatic Extension of STATE Time to File for Partnerships and Fiduciaries Mark an X n one box for the form you will be fang: Ron tr.20.4 Form IT-205 IT-370-P F Paid Partnership, estate a trust ID number flab 133495607 Data 'Waal year beano 01012016 Dam lisou der end. 12312016 Name of pailnershIp. atate, a trust NEXT MANAGEMENT LLC Namur and title ed *Watt Mailing address( u on am am or la0 hog of pednershp or tidle ay Apartment number 15 WATTS STREET, 6TH FLOOR tAy. village a post once moo metuctiona -Mato NEW YORK NY re coda 10013 E. matt. eparer9 Mark an X in the box and c ete Enter your 2-character special condition code if applicable (see nstructions) • Mark an X in the box for each tax that the estate a bust is subject to: New York Male tax K New York City lax LI Yonkers tax D Cent. 1 Sales and use tax 2 Total payment Dollars 00 00 3711161019 133495607 4 11111111111111 11111111111111 EFTA00806321

IT-370-PF (2016) (page 2) 663552 10-31-16 Instructions (continued) Fee for payments returned by banks - The law allows the Tax Department to charge a $50 fee when a check, money order, or electronic payment is returned by a bank for nonpayment. However, if an electronic payment is returned as a result of an error by the bank or the department, the department won't charge the fee. If your payment is returned, we will send a separate bill for $50 for each return or other tax document associated with the returned payment Privacy notification See our website or Publication 54, Privacy Notification. Specific Instructions Filling in your form - Please use black ink (and never use red ink) when making entries on this form. Name and address box - Partnerships must enter the employer identification number (EIN), name, and address of the partnership. Estates and trusts must enter the estate's or trust's EIN and the name of the estate or trust exactly as shown on federal Form SS-4. Also enter the address of the fiduciary or firm in the spaces provided. To ensure that any payment made with this extension is properly credited, this information must agree with the information on the return you are filing. Failure to provide an identification number may invalidate this extension. If the entity does not have an EIN but has applied for one, enter applied Mr. Foreign addresses - Enter the information in the following order: city, province or state, and then country (all in the City, village, or post office box). Follow the country's practice for entering the postal code. Do not abbreviate the county name. If the entity files on a fiscal year basis, enter the beginning and ending dates of the fiscal year in the appropriate boxes. Special condition codes- If you are a nonresident alien estate or trust and your filing due date is June 15, 2017, and you need an additional five and one-half months to file (November 30, 2017), enter special condition code Ea Also enter special condition code 64 on Form IT-205. Worksheet Instructions Form IT-205 filers only- Complete the following worksheet to determine it the estate or trust must make a payment with Form IT-370-PF. If you enter an amount on lines 1, 2, or 3 of this worksheet, mark an X in the appropriate box on page 1 of this form. Line 1- Enter the amount of your New York State income tax liability for 2016 that you expect to enter on Form IT-205, line 14. Line 2 - Enter the amount of your New York City income tax lability for 2016 that you expect to enter on Form IT-205, line 23. Line 3 - Enter the amount of your Yonkers income tax liability for 2016 that you expect to enter on Form IT-205, lines 25 through 27. V Detach _tout' here V Do not IT-370-PF (2016) (page 2) Payment options • An estate or trust must make full payment of any balance due with this automatic extension of time to file. Pay by check or money order made payable in U.S. funds to New York State Income Tax and write the estate's or trust's EIN and 2016 Income Tax on It. Paid preparers • Under the law, all paid preparers must sign and complete the paid preparer section of the form. Paid preparers may be subject to civil and/or criminal sanctions if they fail to complete this section in full. Line 4-Enter the amount of sales or use tax, if any, that you will be required to report when you file your 2016 return. See the instructions for your NYS fiduciary income tax return for information on how to compute your sales and use tax. Also enter this amount on line 1 on page 1 of this form. Line 6- Enter the amount of 2016 income tax already paid that you expect to enter on Form IT-205, line 37 (excluding the amount paid with Form IT-370-PF). Worksheet I New York Stale income tax lability Mr 2016 1. 2 New Yak City Income MX bebilityky 2016 3 Yorkers Income tax lability to 2016 4 Sales and Lora tax due tor 2016 (enter this amount nose and on one 1 on page 1) 4. 5 Total taxes (add lines 1 through • 6 Total 2016 income tax already paid 6. 7 Total payment {subtract line 6 ROM line Sand OM' S* amount here and on line 2 on 0029 IF II line 6 is them than one 5. enter 0 7. 2. 3. 5. Note: You may be subject to penalties if you underestimate the balance due. How to claim credit for payment made with this form Include the amount paid with Form IT-370-PF on Form IT-205, line 30. For more information, see the line instructions for Form IT-205. Where to file If you are enclosing a payment with this extension request, mail Form IT-370-PF with your payment to: EXTENSION REQUEST PO 80X 4125 BINGHAMTON NY 13902-4125 if not enclosing a payment with this extension request, mail Form IT-370-PF to: EXTENSION REQUEST - NH PO BOX 4126 BINGHAMTON NY 13902-4126 For information about private delivery services, see Publication 55, Designated Private Delivery Services. Need help? Visit our website at www.tatny.gov (for information, forms, and online services) Personal Income Tax Information Center. (518) 457-5181 To order forms and publications: (518) 457-5431 submit wIth_your return When completing this section, enter your New York tax preparer registration identification number (NYTPRIN) if you are required to have one. If you are not required to have a NYTPRIN, enter in the NYTPRIN excl. code box one of the specified 2-digit codes listed below that indicates why you are exempt from the registration requirement. You must enter a NYTPRIN or an exclusion code. Also, you must enter your federal preparer tax identification number (PTIN) if you have one; if not, you must enter your social security number. • Paid er MUM complete Dee InStructions) V Data: 0 9122 017 kkettoten SI9Paace Ille GARY W. PRESS Ile- Preparers NYTPRIN Firm's name Or rota + self-omfoois) SACKS PRESS & LACHER PC V Preperer's PIIN a SSN Addren 600 THIRD AVENUE NEW YORK NY 10016-1901 • Employer imntricabon number 133050313 P71 03 E-mall: Code Exemption type Code Exemption type 01 Attorney 02 Employee of attorney 03 CPA 04 Employee of CPA 05 PA (Public Accountant) 06 Employee of PA 07 Enrolled agent 08 Employee of enrolled agent 09 Volunteer lax preparer 10 trniXoyee of business preparing that business return See ou website for more information about the tax preparer registr lion requirements. 3712161019 3,33495607 4 111111 I II III 11111111 111111 III EFTA00806322

er NEW YORK STATE 2016 - See the instructions, Form IT-204-1 ...._ or tax year beginning ending Legal name NEXT MANAGEMENT LLC srilmoyeirwinceuennumbermeu 133495607 Trade name of business if different from legal name above NWS pthicapoi business activity MODEL AGENCY Address (number and street or rural route) 15 WATTS STREET, 6TH FLOOR City, village. or post office NEW YORK WX6basinpacodenterinfftwiNnN691' 812990 State NY ZIP code 10013 Country wmorlowitiorievix, MODELING AG 0601:661messW60 01041989 Section 1 - Partnership information v. ... .. 0, ... w 2016 lax rown Oa 10610 lu l Mark El 1) 2) an X in the box that applies taygur entity Regular partnership U Limited liability partnership (LLP) 0 Portfolio investment partnership (see instr.) Limited liability company (LLC • including limited liability investment company and a limited liability trust company) the partnership have any income, gain, loss, or deduction derived from NY sources during the tax year? B1 Yes enter the number of resident partners B2 Ill 0 Other No ri Did If No, C Mark applicable box(es) 0 Change of address 0 Initial return 0 Amended return El Final return (subrntt explanation) D 1) Is this return the result of federal audit changes? D1 Yes 1-1 No X If Yes: 2) Enter date of final federal determination D2 I E Did you If No, 3) Do you concede the federal audit changes? D3 Yes l file a NYS partnership return for 1) 2014? El Yes M No ri 2) 2015? E2 Yes X No No H state reason: F Number of partners 1) Article 22 Fl 2) Article 9•A F2 3 3) Other F3 4) Total F4 3 G Does the partnership currently have tax accounts with NYS for the Wowing taxes? 1) Sales and use tax Yes El No Of Yes, enter ID number) 01 133495607 2) Withholding tax Yes El No (if Yes, enter ID number) 02 133495607 H Did the partnership have an interest in real property located in NYS during the last three years? Yes X No I Has there been a transfer or acquisition of a controlling interest in this entity during the last three years? Yes No X J Did the partnership engage in a likekeid transaction under IRC 1031 during the tax year? Yes No X K Did the partnership sell property during the tax year that had a deferred gain from a previous IRC 1031 or IRC 1033 transaction? K Yes No X L Was there a distribution of property or a transfer of a partnership interest during the tax year? Yes No X M Did the partnership make an election under IRC 754? Yes No X N Is this partnership under audit by the IRS or has it been audited In a prior year? Yes No X O Is the partnership required to file Form DTF•686 or DTF.68&ATT for this filing period, to report a reportable transaction, New York reportable transaction, listed transaction or registered tax shelter? 0 Yes No El If Yes, complete and submit Form(s) DTF586, DTF•686•ATT, and any applicable federal forms. p Did the partnership make purchases subject to sales and compensating use tax for which NYS lax was not paid? (see Instr.) P Yes No 0 Did the partnership have a financial account located in a foreign country? (see instructions) 0 Yes El No Department of Taxation and Finance Partnership Return and +68501 01.25.1: IT-204 Third-party designee? Iwo Insti) Yes X No • mpowsswahmoGARY W. PRESS Firm's name (or yours, if self-employed) SACKS PRESS & LACHER PC Address sriproyerominoasointnine 600 THIRD AVENUE 133050313 Print designee's name GARY W. PRESS E•marl. Paid preparer must complete (see Instr.) • Date I hpfaPelN 7 Designee's phone number Preparer's PTIN or SSN NEI t 0016 -19 f: I NY 1 Vera% 03 Email: Pe.sonalidrotheaWn nulawit011120 • Sign here • Signature of general partner Date Daytime phone number Email HiIiiIIIIIIIIIIIIIIIIIIIIIIII Mail your return to: STATE PROCESSING CENTER, PO BOX 4149, BINGHAMTON NY 139O2-4149. EFTA00806323

Page 2 of 8 IT-204 (2016) 66&502 01.07.17 Section 2 - Federal ordinary business income (loss) Part 1 - Income from federal Form 1065 1 Gross receipts or sales 2 Returns and allowances 3 Subtract line 2 from line 1 4 Cost of goods sold 5 Gross profit (subtract line 4 from line 3) 6 Ordinary income (loss) from other partnerships, estates, and trusts (submit statemen0 STMT 2 7 Net farm profit (loss) (submit federal Form 1040, Schedule F) 8 Net gain (loss) from federal Form 4797, Part II lna 17 (submit federal Form 4797) 9 Other income (loss) (submit statement) SEE STATEMENT 3 10 Total income (loss) (combine lines 5 through 9) Part 2 - Deductions from federal Form 1065 11 Salaries and wages (other than to partners) (less employment credits) 12 Guaranteed payments to partners 13 Repairs and maintenance 14 Bad debts 15 Rent 16 Taxes and licenses 17 Interest 18 Depreciation (If required, submit federal Form 4562) 19 Depreciation reported on federal Form 1125A and elsewhere on return 20 Subtract line 19 from line 18 21 Depletion (do not deduct oil and gas depletion) 22 Retirement plans, etc 23 Employee benefit programs 24 Other deductions (submit statement) 25 Total deductions (add lines 11 through 17and lines 20 through 24) 26 Ordinary business income (loss) (subtract line 25 from line 10) 1 2 20803273 37a Was UFO inventory method adopted this tax year for any goods? (If Yes, submit federal Form 970.) 37b If the UFO inventory method was used for this tax year, enter the amount of closing inventory computed under LIFO 3 4 5 6 7 8 9 20803273 20803273 137818 -156411 10 20784680 11 12 13 14 15 16 17 12181179 416838 815645 772275 72 I at 44543 lel SEE STATEMENT 4 Section 3 - Cost of goods sold (from federal Form 1125-A, see instructions) 20 21 22 23 24 25 26 44543 111980 379739 3561967 18284238 2500442 27 Inventory at begnning of year 28 Purchases 29 Cost of labor 30 Additional IRC section 263A costs (submit statement) 31 Other costs (submit statement) 32 Total (add lines 27 through 31) 33 Inventory at end of year 34 Cost of goods sold (subtract tine 33 from fine 32) 35 Methods used for valuing closing inventory (mark an X in applicable boxes) Cost Lower of cost or market Other (specify method used and explain) 27 28 29 30 31 32 33 34 36 Was there a writedown of subnormal goods? Yes Ei No Yes No 38 Do the rules of IRC section 263A (for property produced or acquired for resale) apply to the partnership? Yes Ei No 39 Was there any change in determining quantities, cost, or valuations between opening and closing inventory? Yes No If Yes, explain 204002161019 VIII I IIII I III III III VIII I III II III EFTA00806324

6118r63 OF07.17 IT-204 (2016; Page 3 • Section 4 - Balance sheets per books (from federal Form 1065, Schedule Assets 40 Cash 41 Trade notes and accounts receivable 42 Less allowances for bad debts 43 Inventories 44 U.S. government obligations 45 Taxexempt securities 46 Other current assets (submit statement) STMT 5 47a Loans to partners (or persons related to partners) 47b Mortgage and real estate bans 48 Other investments (submit statement) STMT 6 49 Buildings and other depreciable assets 50 Less accumulated depreciation 51 Depletable assets 52 Less accumulated depletion 53 Land (net any amortization) 54 Intangible assets (amortizable only) 55 Less accumulated amortization 56 Other assets (submit statement) STMT 7 57 Total assets Beginning of tax year (a) (b) End of tax year (c) (d) 40 3532783 2895029 41 9290056 12760240 42 100000 9190056 100000 12660240 43 44 45 46 159432 235194 47a 47b 48 83446 224591 49 4123029 4187551 so 3396487 726542 3560781 626770 51 52 53 54 55 56 3068607 2555716 57 16760866 19197540 Liabilities and capital Beginnin g of tax year (a) (b) End of tax year (c) (d) 58 Accounts payable 58 12182330 14451871 69 Mortgages, notes, bonds payable in less than one year 59 60 Other current liabilities (submit statement) 60 STMT 8 1786832 1384748 81 All nonrecourse loans 61 62a Loans from partners (or persons related to partners) 62a 633 Mortgages, notes, bonds payable in one year or more 62b 63 Other liabilities (submit statement) STMT 9 63 1620133 1690964 64 Partners' capital accounts 64 1171571 1669957 65 Total liabilities and capital 65 16760866 19197540 11111 1iiiiii°113iiiii111111111 EFTA00806325

66,1504 01.07- 17 Page 4 of 8 11-204 (2016) Section 5 - Reconciliation of income (loss) per books with income (loss) per retum(From federal Form 1065. Schedule M-1; see instructions. If Schedule M-3 was filed, mark w0C in the box file Schedule M-3 and any related documents with Form IT-204; skip Section 5 and continue with Section 6.) 66 Net 67 Income 68 Guaranteed 69 Expenses 70 Add 71 Income 72 Deductions 73 Add 74 Income income (loss) per books included on return not recorded on books this year. from Schedule M•1. line 2 66 67 Identify: payments (other than health insurance) recorded on books this year not included on return. from Schedule M.1. line 4 ,,, ,, ,,, , 68 69 Identify: lines 66 through 69 recorded on books this year not included on return. from Schedule M-1. line 6 70 711 Identify: included on return not charged against book income this year. from Schedule M.1. line 7 72 I Identify: lines 71 and 72 (loss) (subtract fine 73 from fine 70) I 73I 74 Section 6 - Analysis of partners' capital accounts (from federal Form 1065. schedule M-2) 75 Balance 76 Capital 77 Capital 78 Net 79 Other 80 Add 81 Distributions 82 Distributions 83 Other 84 Add 85 Balance at beginning of year contributed • cash contributed • property income (loss) per books increases 75 1171571 76 77 78 2748386 79 Identify: lines 75 through 79 • cash • property decreases 80 3919957 81 2250000 82 88 Identify: lines 81. 82. and 83 at end of year (subtract line 84 from line 80) k_4 2250000 85 1669957 11111111°11 41iilii111111III EFTA00806326

WMM 01-07,47 IT-204 (2016) Page 5 of 8 Section 7 - Partners' share of income, deductions, etc. (from federal Form 1065. Schedule K) Partners' distributive share items 86 Ordinary business income (loss) 86 2500442 87 Net rental real estate income (loss) (submit federal Form 8825) 87 88a Other gross rental income (loss) 88. 88b Expenses from other rental activities 89 Other net rental income (loss) (subtract Moe 88b from line 88a) 89 90 Guaranteed payments 90 91 Interest income 91 15968 92 Ordinary dividends 92 93 Royalties 93 94 Net short-term capital gain (loss) (submit federal Schedule D) 94 95 Net long-term capital gain (loss) (submit federal Schedule D) 95 96 Net section 1231 gain (loss) (submit federal Form 4797) 96 97 Other Income (loss) (see instructions) 97 Identify: 96 Section 179 deduction (submit federal Form 4562) 98 64523 99 Other deductions (see instructions) 99 12512 identify: SEE STATEMENT 10 100 This line intentionally left blank 100 101 Net earnings (loss) from self-employment 101 102 Tax-exempt income and nondeductible expenses (see instructions/ 102 127818 103 Distributions • cash and marketable securities 103 2250000 104 Distributions • other property 104 105 Other Analysis items not included above that are required to be reported separately to partners (see Instr.) 105 15968 went* SEE STATEMENT 11 of net Income (loss) 106 Enter the amount from line 1 of the Analysis of Net Income (Loss) section on federal Fenn 1065 Analysis by type of partner 106 2439375 A Corporate B Individual (active) C Individual (passive) 0 Partnership E Exempt organization F Nominee/other General partners Limited partners 2439375 204005161019 III EFTA00806327

Page 6 of 8 17-204 (2016) 6685C6 01.07.17 Section 8 - New York modifications (see instructions) 107 This line intentionally left blank 108 Total addition modifications (from Form IT-225, line 9) 109 This line intentionally left blank 110 Total subtraction modifications (from Form IT-225. line 18) 111 Additions to federal itemized deductions Letter Amount 111a 111b 111e 111d 111e 1111 112 Total additions to federal itemized deductions (add lines lila through 1110 113 Subtractions from federal itemized deductions Letter Amount 113a 113b 113e 113d 113e 1131 114 Total subtractions from federal itemized deductions (add lines i 13a through 1131) 115 This line intentionally left blank 108 157273 110 4642 112 114 115 204006161019 EFTA00806328

61&07 0F07.17 IT-204 (2016) Page 7 of 8 Section 9 - Other information 116a New York source gross income (see instructions) 116b MCTD allocation percentage (see instructions) 116e Total receipts from the sale of goods by manufacturing 118d Adjusted basis of qualified manufacturing property 116a 116b 116e 116d 15790899 70.8033 % 117a Did the partnership sell assets subject to IRC 1060? 117b If the partnership filed a group return on behalf of any nonresident partners, enter the special NYS identification number 117c Is this partnership a partner in another partnership or LLC? Of Yes, list the names and EINs below; submit additional sheets if necessary.) Yes No 117b Yes E X Name of entity EIN TWO TWELVE MANAGEMENT, LLC 201354409 Section 10 - New York allocation schedule Part 1 - List all places, both in and outside of NYS. where the partnership carries on business (submit additional sheets if necessary) Street address City and state Description (see instructions) 15 WATTS STREET NEW YORK NY OFFICE 1688 MERIDIAN AVE MIAMI BEACH FL OFFICE 8447 WILSHIRE BLVD BEVERLY HILLS CA OFFICE 118 Do books and records reflect income earned in New York? (II Yes, do not complete Part 2.) Yes No Part 2 - Formula basis allocation of ncome if books and records do not reflect income earned in New York Items used as factors Property percentage (see inst.) 119 Real property owned 120 Real property rented from others 121 Tangible personal property owned 121a Tangible personal property rented from others 122 Property percentage (add lines 779 through 121a; see instruct.) 123 Payroll percentage (see instruct) 124 Gross income percentage {see Instr.) A • Totals • in and outside of NYS Dollars 119 0 120 7286288 121 721130 121a 0 122 8007418 123 12234940 124 21743272 8- New York State amounts Dollars 119 0 120 5123968 121 588100 121a 0 122 5712068 123 9011461 124 14659910 125 Total of percentages (total column C, lines 122, 123, and 724) 126 Business allocation percentage divide line 725 by three or by actual number of percentages if less than three) C . Percent col. B is of col. A 122 123 124 125 126 71.3347 cm 73.6535 % 67.4227 % 212.4109 % 70.8036 % Section 11 - Partners' credit information (see instructions) Has the partnership (or an entity of which the partnership is an owner) been convicted of Bribery Invoking Public Servants and Related Offenses, Corrupting the Government,or Defrauding the Government (NYS Penal Law Article 200 or 496, or section 195.20)7 Yes No El 204007161019 EFTA00806329

Page 8 of 8 IT-204 (2016) 6613508 01.13.17 Section 11 (continued) Part 1 - Flow-through credit bases and Information Brownfield redevelopment tax credit (Form IT-611, IT-611.1, and/or/T-611.2) 127 Site preparation credit component 127 128 Tangible property credit component 128 129 On-site groundwater remediation credit component 129 EZ capital tax credit (Form IT-602) 130 This line intentionally left blank 130 131 Recapture of credit for investments in certified EZ businesses 131 132 Recapture of credit for contributions of money to EZ community development protects 132 OEZE tax reduction credit (Form IT-604) 133 OEZE employment increase factor 133 134 OEZE zone allocation factor 134 135 OEZE benefit period factor 135 Excelsior jobs program tax credit (Form IT-607) 136 Excelsior jobs tax credit component 136 137 Excelsior investment tax credit component 137 138 Excelsior research and development tax credit component 138 139 Excelsior real property tax credit component 139 Farmers' school tax credit (Form IT-217) 140 Acres of qualified agricultural property 140 141 Acres of qualified conservation property 141 142 Eligible school district property taxes paid 142 143 Acres of qualified agricultural property converted to nonqualified use 143 Other flow-through credit bases and information Credit bases Code Amount Code Amount 144a 144d 144b 144e 144e 1441 Credit information Code Information Code Information 144g 144) 144h 144k 1441 1441 Part 2 Flow-through credits, addbacks and recaptures 145 Long.temi care insurance credit (Form IT-249) 145 146a Investment credit (including employment incentive credit and historic barn rehabilitation credit Form IT-212) 146a 146b Research and development • investment credit (Form IT-212) 146b 147 Other flow-through credits Code Amount Code Amount 147a 147e 147b 147f 147e 147g 147d 147h 148 Addbacks of credits and recaptures Code Amount Code Amount 148a 148d 148b 148e 148c 14W 204008161019 VIII IIIIIIII III III I VIII I VIII III Part 3 - START-UP NY tax elimination credit information (Form IT-638) 149 STARTUP NY business certificate number (Form DTF-74) 150 Year of STARTUP NY business tax benefit period 151 STARTUP NY area allocation factor 149 150 151 EFTA00806330

rNEW /- -jU rE 2016 -4-- Department of Taxation and Finance New York Corporate Partners' Schedule K Tax Law - Article 9-A For calendar year 2016 Or tax year beginning 01012016 and ending 12312016 688811 18, 13, 16 11-204 a 1 Partnership's name (as shown on Form IT-204) NEXT MANAGEMENT LLC E1N 133495607 Entire net income (ENI) information when the corporate partner's New York tax filing status is a C corporation ENI addition modifications 1 Total additions A - Number B - Amount A - Number B - Amount la EA- 505 110586 ld EA - lb EA - le EA - le EA - if EA - ENI subtraction modifications 2 Total subtractions A - Number B - Amount A - Number B - Amount 2a ES- 507 4642 2d ES - 2b ES - 2e ES - 2e ES - 2f ES - 1 1 110586 2 4642 Assets and liabilities (See instructions) 3 Total assets 4 Real property and marketable securities included on line 3 5 Real property and marketable securities at fair market value (RAV) 6 Average value of adjusted total assets 7 Total liabilities 8 Liabilities directly attributable to business capital 9 Liabilities directly attributable to investment capital 116001161019 III IIII III I II IIII II I VIII I III II III Average value 3 17979203 4 5 6 17979203 7 16558439 8 9 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806331

Page 2 of 7 IT-204.1 (2016) 698812 02.14-17 Items related to investment capital under Article 9-A Part 1 - Investment capital that generates income claimed not taxable by New York under the U.S. Constitution Description of asset (identify each asset, and enter number of shares (if applicable) and date acquired here; for each asset complete columns D through G on the corresponding lines below; enter only directly owned assets in items A through G) Item A • Description of asset B • Number of shares acquired, if appicable C • Date acquired A B C D E F Item 0 Number of shares sold. if applicable E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 10 Total columns F and G 110 Part 2 - Investment capital stocks actually held more than one year Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B . umber of shares acquired C • Date acquired A B C D E F Item D Number of shares sold E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 11 Total columns F and G 11 0 109 III 11 111111011121161111 111 11111111 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806332

6116313 17-13.16 IT-204.1 (2016) Page 3 of 7 Part 3 - Investment capital - stocks presumed held more than one year Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns F and G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B • Number of shares acquired C • Date acquired A B C D E F Item D Number of shares sold E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 12 Total columns F and G 112 Part 4 - Total investment capital 13 Total average FMV and liabilities directly attributable (add lines 10. 11, and 12 in columns F and G) 13 Part 5 - Prior year Investment capital - stocks that did not meet holding period requirement (see instructions) Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B • Number of shares acquired C • Date acquired A B C D E F Item 0 Number of shares solo E Date sold F Average FMV as previously reported G Liabilities directly attributable as previously reported H I 1 A B C D E F Total from additional sheet(s) and/or partnerships 14 Total columns F and G 114 Part 6 - Prior year gross investment income for stocks that did not meet holding period requirement 16 Prior year presumed gross investment income from stocks presumed in the prior year to be held more than one year that failed to meet the presumption 116003161019 15 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806333

Page 4 of 7 IT-204.1 (2016) lkiES14 I2• ,3 1fi Items related to investment and other exempt income under Article 9-A 16 Gross exempt cross.article dividends 16 17 Gross exempt controlled foreign corporation (CFC) income 17 18 Gross exempt unitary corporation dividends 18 19 Gross investment income from investments generating income not taxable by New York State under the U.S. Constitution 19 20 Dividend income from investment capital from stocks actually held more than one year 20 21 Net capital gains in excess of losses from investment capital from stocks actually held more than one year 21 0 22 Dividend income from investment capital from stocks presumed held more than one year 22 Items related to interest deductions directly attributable to investment and other exemp income under Article 9-A O 23 Total interest expense per federal Form 1065. line 15 23 72 24 Interest deductions directly attributable to income reported on line 16 24 25 Interest deductions directly attributable to income reported on line 17 26 Interest deductions directly attributable to income reported on line 18 25 ti 26 27 Interest deductions directly attributable to income reported on line 19 27 28 Interest deductions directly attributable to income reported on line 20 28 29 Interest deductions directly attributable to income reported on line 21 29 rn 30 Interest deductions directly attributable to income reported on line 22 30 31 Interest deductions directly attributable to business capital 31 Items related to subtraction modifications for qualified banks 32 Qualified residential loan portfolio assets 32 O 33 33 Gross interest income from qualifying loans 33a Gross interest income from all loans 33a 33b Gross interest expense from all loans 33b Z Items related to manufacturing 34 Total receipts from the sale of goods by manufacturing 34 0 34a Receipts received from the generation and distribution of electricity, the distribution of natural gas, and the production of steam associated with the generation of electricity 34a 35 Adjusted basis of qualified manufacturing property 35 36 Number of employees employed in manufacturing in New York 36 Apportionment and Metropolitan Commuter Transportation District (MCTD) information Apportionment - Part 1 1 During the reporting year, did the partnership do business, employ capital, own or lease property. maintain an office, or derive receipts from activity, in New York State? (mark an X in the appropriate box) Yes El No 2 During the reporting year. did the partnership do business, employ capital, own or lease property. maintain an office. or derive receipts from activity, in the MCTD? (mark an X in the appropriate box) Yes El No Average value of property (see instructions tor Apportionment - Part 7, lines 3 through 7) A MCTD B New York State 3 Real estate owned 4 Real estate rented 5 Inventories owned 8 Tangible personal property owned 7 Tangible personal property rented 3 4 5 8 7 11111111iiiiiiiiirl III 11 III EFTA00806334

688815 17-15-16 17-204.1 IA)•bi Page 5 0. Apportionment - Part 2 Receipts from: (see instructions for Apportionment - Part 2. lines I through 52a) A WICTD B New York State C Everywhere Section 210-A.2 1 Sales of tangible personal property 1 2 Sales of electricity 2 3 Net gains from sales of real property 3 Section 210-A.3 4 Rentals of real and tangible personal property 4 5 Royalties from patents. copyrights, trademarks, and similar intangible personal property 5 6 Sales of rights for certain cbsedcircuit and cable N transmissions of an event 6 Section 210-A.4 7 Sale. licensing, or granting access to digital products 7 7a Sale, licensing, or granting access to digital products 7a 8 This line intentionally left blank 8 Section 210-A.5(aX2)(A) 9 Interest from loans secured by real property 9 10 Net gains from sales of loans secured by real property 10 11 Interest from loans not secured by real property K 11 12 Net gains from sales of loans not secured by real property Fi 12 Section 210-A.5(aX2)(B) U 13 Interest from federal debt 13 14 I 15 Interest from NYS and its political subdivisions debt 15 16 Net gains from federal, NYS, and NYS political subdivisions debt 16 17 Interest from other states and their political subdivisions debt 17 18 Net gains from other states and their political subdivisions debt 18 Section 210-A.5(aX2XC) K 19 19 Interest from assetbacked securities and other government agency debt 20 Net gains from government agency debt or assetbacked securities sold through an exchange 20 21 Net gains from all other assetbacked securities 21 Section 210-A.5(aX2XD) 22 22 Interest from corporate bonds 23 Net gains from corporate bonds sold through broker/dealer or licensed exchange 23 24 Net gains from other corporate bonds 24 Section 210-A.5(aX2)(E) 25 Net interest from reverse repurchase and securities borrowing agreements 25 Section 210-A.5(aX2)(F) 26 Net interest from federal funds 26 Section 210-A.5(aX2)(i) K 27 27 Net income from sales of physical commodities Section 210-A.5(aX2KJ) K 28 28 Marked to market net gains 116005161019 III 11 IIIIIIIIIIIIIVIIIIIIIIIIII Itt NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806335

6SPA16 Page 6 of 7 IT-204.1(2016) Receipts from: (continued) A r.,c' u B New York State c Everywhere Section 210-A.5(aX2)(H) 210-A.5(aX2XG) 29 Interest from other financial 30 Net gains from other financial 30a Net gains from other financial (broker/dealer/exchange) 30b Other income from other 30c Other income from other (broker/dealer/exchange) 30d Dividends from stock that 30e Net gains from sales of 30f Net gains from sales of H financial financial is stock partnership instruments 29 instruments 30 instruments instruments instruments 30a 30b 30c business capital 30d that is business capital 30o interests 30f Section 210-A.5(b) 31 Brokerage commissions 32 Margin interest earned 33 Fees for advisory services or management of underwriting 34 Receipts from primary 35 Receipts from account 36 Fees for management 37 Interest from an affiliated 31 on behalf for spread maintenance or advisory corporation of brokerage accounts underwriting of seling concessions fees 32 33 34 35 services 36 37 Section 210-A.5(c) 38 Interest, fees, and penalties 39 Service charges and fees 40 Receipts from merchant 41 Receipts from credit card settlement processing 42 Other credit card processing from discounts authorizations from credit cards 38 credit cards 39 40 and 41 receipts 42 Section 210-A.5(d) 43 Receipts from certain services to investment companies 43 Section 210-AA 44 Receipts from railroad and trucking business 44 Section 210-AA-a 45 Receipts from the operation of vessels 45 Section 210-Al 46 Receipts from air freight forwarding 47 Receipts from other aviation 46 services 47 Section 210-AS 48 Advertising in newspapers 49 Advertising on television or 50 Advertising via other means or periodicals 48 radio 49 50 Section 210-A.9 51 Transportation or transmission of gas through pipes 51 Section 210-A.10 52 Receipts from other services/activities not specified 52a Receipts from other services/activities not specified 52 14643942 14643942 21727304 52a 11111 Ildirlil611111111 0 III NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806336

68681] 12-13.16 IT-204.1 (2016) Page 7 of 7 Payroll A MCTD B New York State 53 Wages and other compensation of employees except general executive officers I58 8721369 8721369 54 Average number of individuals employed full4ime in New York State (excluding employees with partnership-wide authority) 54 55 Gross proceeds or receipts from certain sales (for apportionment purposes) (see instructions) A MCTD B Now York State C Everywhere 55 56 57 58 59 Sales of loans secured by real property 55 Sales of loans not secured by real property 56 Sales of other asset•backed securities 57 Sales of corporate bonds 58 Sales of physical commodities 59 Marked to market net gain or loss from deemed sales (for apportionment purposes) 60 Of loans secured by real property 61 Of loans not secured by real property 62 Of federal debt instruments 63 Of New York State and its political subdivisions debt instruments 64 Of other states and their political subdivisions debt instruments 65 Of government agency debt or assetbacked securities (through exchange) 66 Of all other asset•backed securities 67 Of corporate bonds through licensed exchange or broker/dealer 68 Of other corporate bonds 69 Of physical commodities 70 Of other fnancial instruments of one type 60 61 62 63 64 65 66 67 68 69 70 Items related to repurchase agreements and securities borrowing/lending agreements 71 Value of reverse repurchase agreements when partnership is purchaserAender 72 Value of borrowing agreements when partnership is securities borrower 73 Value of repurchase agreements when partnership is seller/borrower 74 Value of lending agreements when partnership is securities lender 75 Interest income from reverse repurchase agreements and securities borrowing agreements 76 Interest expense from repurchase agreements and securities lending agreements III III ni 11 ill 71 72 73 74 75 76 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806337

NEXT MANAGEMENT LLC 13-3495607 DISREGARDED ENTITIES INCLUDED STATEMENT 1 IN THIS RETURN NAME FEIN METIER CREATIVE LLC 47-4398927 NY IT-204 INCOME (LOSS) FROM OTHER PARTNERSHIPS, ETC. STATEMENT 2 NAME AND ADDRESS TWO TWELVE MANAGEMENT, LLC EMPLOYER ID AMOUNT 20-1354409 137,818. TOTAL TO FORM IT-204, PAGE 2, LINE 6 137,818. NY IT-204 OTHER INCOME STATEMENT 3 DESCRIPTION AMOUNT FOREIGN EXCHANGE -156,411. TOTAL TO FORM IT-204, PAGE 2, LINE 9 -156,411. NY IT-204 OTHER DEDUCTIONS STATEMENT 4 DESCRIPTION AMOUNT ADMINISTRATIVE - OTHER 125,542. ADVERTISING 76,268. AMORTIZATION EXPENSE 201,053. 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. MODEL EXPENSES 36,973. OFFICE 147,920. STATEMENT(S) 1, 2, 3, 4 EFTA00806338

NEXT MANAGEMENT LLC 13-3495607 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. TOTAL TO FORM IT-204, PAGE 2, LINE 24 3,561,967. NY IT-204 OTHER CURRENT ASSETS STATEMENT 5 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR PREPAID EXPENSES TOTAL TO FORM IT-204, PAGE 3, LINE 46 159,432. 235,194. 159,432. 235,194. NY IT-204 OTHER INVESTMENTS STATEMENT 6 DESCRIPTION INVESTMENT IN TWO TWELVE MANAGEMENT LLC TOTAL TO FORM IT-204, PAGE 3, LINE 48 BEGINNING OF END OF TAX TAX YEAR YEAR 83,446. 224,591. 83,446. 224,591. NY IT-204 OTHER ASSETS STATEMENT 7 DESCRIPTION BEGINNING OF END OF TAX TAX YEAR YEAR DEPOSITS 43,931. 41,596. RESTRICTED CASH 40,000. 40,000. DUE FROM AFFLIATES 1,313,624. 827,056. DUE FROM MODELS 1,607,052. 1,596,064. DEFERRED TAX ASSET 64,000. 51,000. TOTAL TO FORM IT-204, PAGE 3, LINE 56 3,068,607. 2,555,716. STATEMENT(S) 4, 5, 6, 7 EFTA00806339

NEXT MANAGEMENT LLC 13-3495607 NY IT-204 OTHER CURRENT LIABILITIES STATEMENT 8 DESCRIPTION ACCRUED EXPENSES CITY ACCRUED TAX TOTAL TO FORM IT-204, PAGE 3, LINE 60 BEGINNING OF END OF TAX TAX YEAR YEAR 1,786,832. 0. 1,355,362. 29,386. 1,786,832. 1,384,748. NY IT-204 OTHER LIABILITIES STATEMENT 9 DESCRIPTION ADVANCES FROM AFFLIATES DUE TO RELATED PARTY DEFERRED RENT - LONG TERM TOTAL TO FORM IT-204, PAGE 3, LINE 63 BEGINNING OF END OF TAX TAX YEAR YEAR 8,342. 1,476,782. 135,009. 8,342. 1,459,962. 222,660. 1,620,133. 1,690,964. NY IT-204 OTHER DEDUCTIONS STATEMENT 10 DESCRIPTION AMOUNT CONTRIBUTIONS 12,512. TOTAL TO FORM IT-204, PAGE 5, LINE 99 12,512. NY IT-204 ITEMS REPORTED SEPARATELY TO PARTNERS STATEMENT 11 DESCRIPTION AMOUNT INVESTMENT INCOME 15,968. TOTAL TO FORM IT-204, PAGE 5, LINE 105 15,968. STATEMENT(S) 8, 9, 10, 11 EFTA00806340

r iYEW YORK STATE 2016 flt r;,.: an rt-c: Finance New York State Modifications Attachment to Form IT-201, IT-203, IT-204, or IT-205 1T-225 Name(s) as shown on return Identifying number as shown on return NEXT MANAGEMENT LLC 133495607 Complete all pals that apply to you; see instructions (Form IT-225-I). Submit this form with Form IT-201, IT-203, IT-204, or IT-205. Mark an X in the box identifying the return you are filing: IT-201 IT-203 I I IT-204 El IT-205 El Schedule A - New York State additions (enter whole dollars only) Part 1 - Individuals, partnerships, and estates or trusts 1 New York State additions la lb it Id le if lg Number A- 214 A- 201 A - A - A - A - A - A - Total amount 28871.00 110586.00 00 00 00 00 00 B - NYS allocated amount 2 0 442.00 78299.00 .00 .00 .00 .00 .00 2 Total (add column A, lines la through I g) 3 Total of Schedule A• Part 1, column A amounts from additional Form(s) IT-225. if any 4 Add lines 2 and 3 2 139457.00 3 .00 4 139457.00 Part 2 - Partners, shareholders, and beneficiaries A Form IT201 filers: do not enter EA•113 Form IT203 filers: do not enter EA•113 Form IT205 filers: do not enter EA•113 or Ek201 5 New York State additions 5a 5b 5c 5d 5e 5f 59 Number EA -201 EA - EA - EA - EA - EA - EA - A - Total amount 17816.00 00 00 00 00 .00 .00 B - NYS allocated amount 12614.00 .00 .00 .00 .00 .00 .00 6 Total (add column A lines 5a through 5g) 7 Total of Schedule A, Part 2, column A amounts from additional Form(s) IT-225, If any 8 Add lines 6 and 7 • 9 Total additions (add lines 4 and 8; see instructions) 11111 225001161019 1111 III 1 111111111 6 17816.00 7 .00 LI 17816.00 9 157273.00 (continued) NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806341

IT-225 (2016) (page 2) 6438.192 10-20-16 Schedule B - New York State subtractions (enter whole dollars only) Part 1 - Individuals, partnerships, and estates or trusts 10 New York State subtr 10a 10b 100 10d 10e 10f 10g Number S - S S - S - S - S S - tenons A - Total amount 00 00 00 00 00 00 .00 B - NYS allocated amount .00 .00 .00 .00 .00 .00 .00 11 Total (add column A, lines 10a through 10g) 12 Total of Schedule B. Part 1. column A amounts from additional Form(s) if any 13 Add lines 11 and 12 11 .00 12 .00 13 .00 Part 2 - Partners, shareholders, and beneficiaries A Form 1T201 filers: do not enter ES-106, ES-107, or ES-125 Form IT203 filers: do not enter ES-106, ES-107, or ES-125 Form IT205 filers: do not enter ES-125 14 New York State subtractions 143 14b 14c 194 14e 14f 14g Number Es 213 ES - ES - ES - ES - ES - ES - A - Total amount 4 6 4 2 oo 00 00 00 00 00 .00 B - NYS allocated amount 3287.00 .00 .00 .00 .00 .00 .00 15 Total (add column A, lines Ma through 14g) 16 Total of Schedule B, Part 2, column A amounts from additional Form(s) IT225, If any 17 Add lines 15 and 16 18 Total subtractions (add fines 13 and 17; see instructions) 225002161019 iiir111 III I 1111 0 III 15 4642.00 16 .00 [Id 4 6 4 2 oo 18 4 6 4 2.00 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806342

r iNEW YORK STATE 2016 Department of Taxation and Finance New York Corporate Partner's Schedule K-1 Tax Law - Article 9-A For calendar year 2016 or tax year beginning 01012016 and ending 12312016 IT-204-CP 1 El Final K-1 El Amended K-1 Partners: Before completing your franchise tax return, see Form IT•204-CP.I. Partner's Instructions for Form IT-204-CP (available at www.tax.ny.gov). Partnership's information Partnership's name (as shown on Form IT204) NEXT MANAGEMENT LLC Partnership's EIN 133495607 A Mark an X in the box if either applies to your entity Publicly traded partnership Portfolio investment partnership B Tax shelter registration number. if any Partner's information (see instructions) Partners name CLAXON INC C/O NEXT MANAGEMENT LLC Partner's address 15 WATTS STREET Partner's EIN 133508513 City NEW YORK State NY ZIP code 10013 C The partner is a (mad. on X In Me appropnate box) ILI General partner or LLC inembermanager U Limited partner or other LLC member D What is the New York tax filing status of the partner? (Mark an X in the appropriate box, if known.) C corporation K S corporation El Partnership E If the partner is a disregarded entity, enter the EIN of the entity reporting the income of the partner (if known) F Did the partner sell its entire interest during the tax year? G Partners share of profit, loss, and capital 1) Profit G1 2) Loss G2 3) Capital G3 H Partners share of liabilities at the end of the year 1) Nonrecourse 2) Qualified nonrecotase financing 3) Recourse I Partner's capital account analysis 1) Beginning capital account 2) Capital contributed during the year • cash 3) Capital contributed during the year • property 4) Current year increase (decrease) 5) Withdrawals and distributions • cash 6) Withdrawals and distributions • property 7) Ending capital account 8) Method of accounting mark an X In theeppropnate bo. El Tax basis GAAP 117001161019 Other (submit explanation) Beginning 42.0001 42.0000 42.00004v F Yes K H1 H2 H3 11 12 13 14 15 16 17 O O ti rn No M Ending 42.0000% 42.0000% 42.0000% 402290 7543181 492058 1154322 945000 701380 EFTA00806343

Page 2 of 11 IT-204-CP (2016) 588822 12-15-18 J Was Form CT•265&E filed with the partnership? J Yes El No K K NYS estimated tax paid on behalf of parole( (from Form CT-2658) 1) Fist installment Ki 2) Second installment K2 3) Third installment K3 4) Fourth installment K4 Total NYS estimated tax paid on behalf of partner (add fines Kt through K4) Date K Amount Partner's share of entire net income (EM) information when the corporate partner's New York tax filing status is a C corporation ENI addition modifications 1 Total additions 1 46446 A - Number B - Amount A - Number B - Amount la EA - 50 5 46446 ld EA - lb EA - le EA - le EA - if EA - ENI subtraction 2 modifications Total subtractions 2 1950 A - Number B - Amount A - Number B - Amount 2a ES- 507 1950 2d ES - 2b ES - 2e ES - 2e ES - 2f ES - Partner's proportionate part of assets and liabilities(for New York C corporate partners only) 3 Total assets 4 Real property and marketable securities included on line 3 5 Real property and marketable securities at fair market value (FMV) 6 Average value of adjusted total assets 7 Total liabilities 8 Liabilities directly attributable to business capital 9 Liabilities directly attributable to investment capital III III 1111111111 II III Average value 3 7551265 4 5 6 7551265 7 6954544 a 9 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806344

688831 12-13.16 IT-204-CP (2016) Page 3 of 11 Partner's proportionate part of items related to investment capital under Article 9-A(forNew York C corporate partners only) Part 1 - Investment capital that generates income claimed not taxable by New York under the U.S. Constitution Description of asset (identify each asset, and enter number ol shares (if applicable) and date acquired here; for each asset complete columns D through G on the corresponding lines below; enter omy directly owned assets in items A through G) • • ror eacn nem "mei]. in columns r tnrouon t . enter me imormation tor me parmersnip as a wnore Item A • Description of asset B • Number of shares acquired, if applicable C • Date acquired A B C D E F Item 0 Number of shares sold. if applicable E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 10 Total proportionate part of columns F and G (see instructions) 10 Part 2 • Investment capital • stocks actually held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B - Number of shares acquired C • Date acquired A B C D E F Item D Number of shares sold E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 11 Total proportionate part of colurms F and G (see instructions) 11 IIIIIIIIII11111111161111111111 111111 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806345

Page 4 of 11 IT-209-CP (2016) Part 3 - Investment capital - stocks presumed held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns F and G on the corresponding lines below; enter only directly owned investments in items A through G) 6438832 12.13.16 Item A • Name/CUSIP/CINSAot number B - Number of shares acquired C • Date =wires A B C D E F Item D Number of shares sold E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 12 Total proportionate part of columns F and G (see instructions) 12 Part 4 - Total Investment capital 13 Total average FMV and liabilities directly attributable (add lines 10, 11. and 12 in columns F and G) 13 Part 6 - Prior year Investment capital - stocks that did not meet holding period requirement Description of Investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) ' • rcr eacn nem owed. in columns X tnrouqn t.i. enter me imormation for me parrnersnip as a wnoie. Item A • Name/CUSIP/CINSAot number B - Number of shares acquired C • Date acquired A B C D E F ROM D Number of shares solo E Date sold F Average FMV as previously reported G Liabilities directly attributable as previously reported H I 1 A B C D E F Total from additional sheet(s) and/or partnerships . . 14 Total proportionate part of columns F and G (see instructions) 14 IIII MI iiill/161111111111 II HI NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806346

688841 17-13.16 IT-204-CP (2016) Page 5 of 11 Part 6 - Prior year gross investment income for stocks that did not meet holding period requirement 15 Prior year presumed gross investment income from stocks presumed in the prior year to be held more than one year that failed to meet the presumption (see Instructions) 15 Partner's share of items related to investment and other exempt income under Article 9-A(Tor New York C corporate partners only) 16 Gross exempt crossarticle dividends 17 Gross exempt controlled foreign corporation (CFC) Income 18 Gross exempt unitary corporation dividends 19 Gross investment income from investments generating income not taxable by New York State under the U.S. Constitution 20 Dividend Income from investment capital from stocks actually held more than one year 21 Net capital gains in excess of losses from investment capital from stocks actually held more than one year 22 Dividend income from investment capital from stocks presumed held more than one year 16 17 18 19 20 21 22 Partner's share of items related to interest deductions directly attributable to investment and other exempt income under Article 9-A (for New York C corporate partners only) 23 Interest expense per federal Form 1065. line 15 24 Interest deductions directly attributable to income reported on line 16 25 Interest deductions directly attributable to income reported on line 17 26 Interest deductions directly attributable to income reported on line 18 27 Interest deductions directly attributable to income reported on line 19 28 Interest deductions directly attributable to income reported on line 20 29 Interest deductions directly attributable to income reported on line 21 30 Interest deductions directly attributable to income reported on line 22 31 Interest deductions directly attributable to business capital 23 3 0 24 25 26 27 28 29 30 31 Partner's share and proportionate part of items related to subtraction modification for qualified banks 32 Qualified residential loan portfolio assets 32 33 Gross interest income from qualifying loans 33 33a Gross interest income from all loans 33a 33b Gross interest expense from all loans 331) Partner's share and proportionate part of items related to manufacturing 35a Number of employees employed in manufacturing in New York 35 Adjusted basis of qualified manufacturing property gas, and the production of steam associated with the generation of electricity E35 34 Total receipts from the sale of goods by manufacturing 34 34a Receipts received from the generation and distribution of electricity, the distribution of natural 1111111 III nu NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806347

686842 12.13.16 Page 6 of 11 IT-204-CP (2016) Partner's share of New York modifications (for New Yost( S corporate panners only) 36 New York State additions Number A - Total amount 36a EA - 36b EA - 36c EA - 36d EA - 36c EA - 361 EA - 37 Total addition modifications (total of column A, lines 36a through 360 37 38 New York State subtractions Number A - Total amount 38a ES - 38b ES - 38c ES - 38d ES - 38c ES - 381 ES - 39 Total subtraction modifications (total of column A, lines 38a through 380 39 40 Additions to federal itemized deductions Letter Amount 40a 40b 40c 40d 40e 401 41 Total additions to federal itemized deductions (add lines 40a through 40t) 41 42 Subtractions from federal itemized deductions Letter Amount 42a 42b 42c 42d 42c 421 43 Total subtractions from federal itemized deductions (add lines 42a through 420 IIII MI I III11111 611 1 611111111 II III 43 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806348

68,31103 17-13-16 IT-204-CP (2016) Page 7 of 11 Partner's share of income, deductions, etc. (from federal Form 1065. Schedule K-1) Partner's distributive share items 44 Ordinary business income (loss) 44 1050186 45 Net rental real estate income (loss) 45 46 Other net rental income (loss) 46 47 Guaranteed payments 47 48 Interest income 48 6707 49 Ordinary dividends 49 50 Royalties 50 51 Net short-term capital gain (loss) 51 52 Net longterm capital gain (loss) 52 53 Net section 1231 gain (loss) 53 54 Other income (loss) 54 Identify: 55 Section 179 deduction 55 27100 56 Other deductions (see instructions) 56 5255 Identify: SEE STATEMENT 57 Taxexempt income and nondeductible expenses (see instructions) 57 53684 58 Distributions • cash and marketable securities 58 945000 59 Distributions • other property 59 60 Other Items not inckrded above that are required to be reported separately to partners 60 6707 Identify: SEE STATEMENT Partner's credit information (see instructions) Part 1 - Flow-through credit bases and information Brownfield redevelopment tax credit (Form CT-611. F01771CT-611.1. or Form CT-611.2) 61 Site preparation credit component 62 Tangible property credit component 63 On•site groundwater remediatica credit component EZ capital tax credit (Form CT-602) 64 Recapture of credit for investments in certified EZ businesses 64 65 Recapture of credit for contributions of money to EZ community development projects 65 QEZE tax reduction credit (Form CT-604-CP) 66 QEZE employment increase factor 66 67 QEZE zone allocation factor 67 68 QEZE benefit period factor 68 Excelsior jobs program tax credit (Form CT-607) 69 Excelsior jobs tax credit component 69 70 Excelsior investment tax credit component 70 71 Excelsior research and development tax credit component 71 72 Excelsior real property tax credit component 72 A - Form CT-611 B - Form CT-611A C - Form CT-611.2 61 62 63 III III Hi Hill NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806349

Page 8 of 11 IT-204-CP (2016) GRES44 $2•• fi Partner's credit information (continued) Farmers' school tax credit (Form CT-47) 73 Acres of qualified agricultural property 74 Acres of qualified conservation property 75 Eligible school district property taxes paid 76 Acres of qualified agricultural property converted to nonqualified use 73 74 75 76 Other flow-through credit bases and information Credit bases Code Amount Code Amount 77a 77d 77b 77e 77c 77f Credit information Code Information Code Information 77g 77j 77h 77k 77i 771 Part 2 - Flow-through credits, addbacks, and recaptures 78 Flowthrough credits Code Amount Code Amount 78a 78e 78b 78f 78c 78g 78d 78h 79 Addbacks of credits and recaptures Code Amount Code Amount 79d 79b 79e 79c 79f Part 3 - START-UP NY tax elimination credit information(Rvm CT-638) 80 STARTUP NY business certificate number (Form DTF-74) 81 Year of STARTUP NY business tax benefit period 82 STARTUP NY area allocation factor 80 81 82 Partner's share of apportionment and Metropolitan Commuter Transportation District (MCTD) information Part 1 1 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in New York State? (mark an X in the appropriate box) Yes El No 2 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in the MCTD? (mark an X in the appropriate box) Yes El No Average value of property A - MCTD B - New York State 3 Real estate owned 4 Real estate rented 5 Inventories owned 8 Tangible personal property owned 7 Tangible personal property rented 3 4 5 8 7 III IIII III I II III III I VIII I III II III NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806350

684845 12-13-14 IT-204-CP (2016) Page 9 of 11 Part 2 Receipts from: Section 210-A.2 1 Sales of tangible personal property 2 Sales of electricity 3 Net gains from sales of real property Section 210-A.3 4 Rentals of real and tangible personal property Royalties from patents. copyrights, trademarks, and similar intangible personal property 6 Sales of rights for certain cbsecicircuit and cable TV transmissions of an event Section 210-A.4 7 Sale, licensing, or granting access to digital products 7a Sale, licensing, or granting access to digital products 8 This line intentionally left blank Section 210-A.5(aX2XA) 9 Interest from loans secured by real property 10 Net gains from sales of loans secured by real property 11 Interest from loans not secured by real property 12 Net gains from sales of loans not secured by real property D Section 210-A.5(aX2XB) K 13 Interest from federal debt A PACTD 1 2 3 B Now York State C Everywhere 4 5 6 7 7a 8 14 9 10 11 12 13 15 Interest from NYS and its political subdivisions debt 15 16 Net gains from federal, NYS, and NYS political subdivisions debt 16 17 Interest from other states and their political subdivisions debt 17 18 Net gains from other states and their political subdivisions debt 18 Section 210-A.5(aX2XC) K 19 Interest from asset-backed securities and other government agency debt 19 20 Net gains from government agency debt or asset-backed securities sold through an exchange 20 21 Net gains from all other asset-backed securities 21 Section 210-A.5(aX2XD) 22 Interest from corporate bonds 22 23 Net gains from corporate bonds sold through broker/dealer or licensed exchange 23 24 Net gains from other corporate bonds 24 Section 210-A.5(aX2XE) 25 Net Interest from reverse repurchase and securities borrowing agreements 25 Section 210-A.5(aX2XF) 26 Net interest from federal funds 26 Section 210-A.5(aX2X0 27 Net income from sales of physical commodities 27 Section 210-A.5(aX2XJ) D 28 Marked to market net gains 28 117009161019 III IIII III 1 III II III 111111 1 III H III NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806351

Page 10 of 11 IT-204-CP (2016) 648846 12.13.1E Part 2 Receipts from: A ric ' u B New York State c Everywhere Section 210-A.5(aX2Xii) 210-A.5(aX2XG) 29 Interest from other financial 30 Net gains from other financial 30a Net gains from other financial (broker/dealer/exchange) 30b Other income from other 30c Other income from other (broker/dealer/exchange) 30d Dividends from stock that 30e Net gains from sales of 301 Net gains from sales of H financial financial is stock partnership instruments 29 instruments 30 instruments instruments instruments business capital 30a 30b 30c 30d that is business capital 30e interests 30f Section 210-A.5(b) 31 Brokerage commissions 32 Margin interest earned 33 Fees for advisory services or management of underwriting 34 Receipts from primary 35 Receipts from account 36 Fees for management 37 Interest from an affiliated 31 on behalf for spread maintenance or advisory corporation of brokerage accounts underwriting of seling concessions fees 32 33 34 35 services 36 37 Section 210-A.5(c) 38 Interest, fees, and penalties 39 Service charges and fees 40 Receipts from merchant 41 Receipts from credit card settlement processing 42 Other credit card processing from discounts authorizations from credit cards 38 credit cards 39 40 and 41 receipts ,,, ,,, ,,,,,,,,, ,,, , , 42 Section 210-A.5(d) 43 Receipts from certain services to investment companies 43 Section 210-A6 44 Receipts from railroad and trucking business 44 Section 210-AA-a 45 Receipts from the operation of vessels 45 Section 210-Al 46 Receipts from air freight forwarding 47 Receipts from other aviation 46 services 47 Section 210-AS 48 Advertising in newspapers 49 Advertising on television or 50 Advertising via other means or periodicals 48 radio 49 50 Section 210-A.9 51 Transportation or transmission of gas through pipes 51 Section 210-A.10 52 Receipts from other services/activities not specified 52a Receipts from other services/activities not specified 52 6150456 6150456 9125468 62a III 11111111 6111il III II III NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806352

688447 12-13-16 I7-204-CP (2016) Page 11 of 11 Payroll A MCTD B New York State 53 Wages and other compensation of employees except general executive officers 53 3662975 3662975 54 Average number of individuals employed full time in New York State (excluding employees with partnership-wide authority) 64 23 Gross proceeds or receipts from certain sales (for apportionment purposes) (see instructions) A MCTD 6 New York State C Everywhere 55 56 57 58 59 Sales of loans secured by real property 55 Sales of loans not secured by real property 56 Sales of other asset-backed securities 57 Sales of corporate bonds 58 Sales of physical commodities 59 Marked to market net gain or loss from deemed sales (for apportionment purposes) 60 Of loans secured by real property 61 Of loans not secured by real property 62 Of federal debt instruments 63 Of New York State and its political subdivisions debt instruments 64 Of other states and their political subdivisions debt instruments 65 Of government agency debt or assetbacked securities (through exchange) 66 Of all other asset-backed securities 67 Of corporate bonds through licensed exchange or broker/dealer 68 Of other corporate bonds 69 Of physical commodities 70 Of other fnancial instruments of one type 60 61 62 63 64 65 66 67 68 69 70 Items related to repurchase agreements and securities borrowing/lending agreements 71 Value of reverse repurchase agreements when partnership is purchaser/lender 72 Value of borrowing agreements when partnership is securities borrower 73 Value of repurchase agreements when partnership is seller/borrower 74 Value of lending agreements when partnership is securities lender 75 Interest income from reverse repurchase agreements and securities borrowing agreements 76 Interest expense from repurchase agreements and securities lending agreements 117 01116 10 19 III nu 71 72 73 74 75 76 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806353

NEXT MANAGEMENT LLC 13-3495607 NY IT-204-CP OTHER DEDUCTIONS DESCRIPTION CASH CONTRIBUTIONS (50%) TOTAL TO FORM IT-204-CP, PAGE 7, LINE 56 AMOUNT FROM NY FEDERAL STATE SCHEDULE K-1 AMOUNT 5,255. 3,721. 5,255. 3,721. NY IT-204-CP OTHER ITEMS REQUIRED TO BE REPORTED SEPARATELY DESCRIPTION INVESTMENT INCOME TOTAL TO FORM IT-204-CP, PAGE 7, LINE 60 AMOUNT FROM NEW YORK FEDERAL STATE SCHEDULE K-1 AMOUNT 6,707. 4,749. 6,707. 4,749. PARTNER NUMBER 1 EFTA00806354

r iNEW YORK STATE 2016 Department of Taxation and Finance New York Corporate Partner's Schedule K-1 Tax Law - Article 9-A For calendar year 2016 or tax year beginning 01012016 and ending 12312016 I T . 2 0 4 - C P 2 El Final K-1 El Amended K-1 Partners: Before completing your franchise tax return, see Form IT•204-CP.I. Partner's Instructions for Form IT-204-CP (available at www.tax.ny.gov). Partnership's information Partnership's name (as shown on Form IT•204) NEXT MANAGEMENT LLC Partnership's EIN 133495607 A Mark an X in the box if either applies to your entity Publicly traded partnership Portfolio investment partnership B Tax shelter registration number. if any B Partner's information (see instructions) Partners name PARTNERSHIP HOLDING CORP. CIO NEXT MA Partner's address 15 WATTS STREET Partners EIN 133501977 City NEW YORK State NY ZIP code 10013 C The partner is a kriath on X In Me appropriate box) ULI General partner or LLC Inembermanager U Limited partner or other LLC member I) What is the New York tax filing status of the partner? (Mark an X in the appropriate box, if known.) K C corporation ❑S corporation El Partnership E If the partner is a disregarded entity, enter the EIN of the entity reporting the income of the partner (if known) F Did the partner sell its entire interest during the tax year? G Partners share of profit, loss, and capital 1) Profit G1 2) Loss G2 3) Capital G3 H Partners share of liabilities at the end of the year 1) Nonrecourse 2) Qualified nonrecourse financing 3) Recourse I Partner's capital account analysis 1) Beginning capital account 2) Capital contributed during the year • cash 3) Capital contributed during the year • property 4) Current year increase (decrease) 5) Withdrawals and distributions • cash 6) Withdrawals and distributions • property 7) Ending capital account 8) Method of accounting mark an X in theeppropnate bo. El Tax basis GAAP 117001161019 III11111 Other (submit explanation) Beginning 31.0001 31.0000 31.00004v F Yes K H1 H2 H3 11 12 13 14 15 16 17 O O ti rn No M Ending 31.0000% 31.0000% 31.0000% 296929 5567586 363187 852000 697500 517687 EFTA00806355

CE.52, V•'3.16 Page 2 of 11 IT-204-CP (2016) J Was Form CT•265&E filed with the partnership? J Yes El No K NYS estimated tax paid on behalf of partner (from RIM CT-2658) Date Amount 3) Third installment 2) Second installment K3 4) Fourth installment K4 K K2 1) First installment Total NYS estimated tax paid on behalf of partner (add fines Kt through K4) K Partner's share of entire net income (ENI) information when the corporate partner's New York tax filing status is a C corporation ENI addition modifications 1 Total additions 10 lb ic A - Number EA- EA- EA - B - Amount ENI subtraction modifications 2 Total subtractions 2a 2b 2c A - Number ES - ES - ES - B-AmoJnt td to 11 2d 2e 21 A - Number EA - EA - EA - A - Number ES - ES - ES - B - Amount 2 B - Amount Partner's proportionate part of assets and liabilities(for New York corporate partners only) 3 Total assets 4 Real property and marketable securities included on line 3 5 Real property and marketable securities at fair market value (FMV) 6 Average value of adjusted total assets 7 Total liabilities 8 Liabilities directly attributable to business capital 9 Liabilities directly attributable to investment capital MI MI MI 1111111 21161 ill' III II III Average value 3 4 5 6 7 8 9 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806356

688831 12-13.16 IT-204-CP (2016) Page 3 of 11 Partner's proportionate part of items related to investment capital under Article 9-A(forNew York C corporate partners only) Part 1 - Investment capital that generates income claimed not taxable by New York under the U.S. Constitution Description of asset (identify each asset, and enter number ol shares (if applicable) and date acquired here; for each asset complete columns D through G on the corresponding lines below; enter omy directly owned assets in items A through G) • • ror eacn nem "mei]. in columns r tnrouon t . enter me imormation tor me parmersnip as a wnore Item A • Description of asset B • Number of shares acquired, if applicable C • Date acquired A B C D E F Item 0 Number of shares sold. if applicable E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 10 Total proportionate part of columns F and G (see instructions) 10 Part 2 • Investment capital • stocks actually held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B - Number of shares acquired C • Date acquired A B C D E F Item D Number of shares sold E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 11 Total proportionate part of colurms F and G (see instructions) 11 IIIIIIIIII11111111161111111111 111111 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806357

Page 4 of 11 IT-209-CP (2016) Part 3 - Investment capital - stocks presumed held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns F and G on the corresponding lines below; enter only directly owned investments in items A through G) 6438832 12.13.16 Item A • Name/CUSIP/CINSAot number B - Number of shares acquired C • Date =wires A B C D E F Item D Number of shares sold E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 12 Total proportionate part of columns F and G (see instructions) 12 Part 4 - Total Investment capital 13 Total average FMV and liabilities directly attributable (add lines 10, 11. and 12 in columns F and G) 13 Part 6 - Prior year Investment capital - stocks that did not meet holding period requirement Description of Investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) ' • rcr eacn nem owed. in columns X tnrouqn t.i. enter me imormation for me parrnersnip as a wnoie. Item A • Name/CUSIP/CINSAot number B - Number of shares acquired C • Date acquired A B C D E F ROM D Number of shares solo E Date sold F Average FMV as previously reported G Liabilities directly attributable as previously reported H I 1 A B C D E F Total from additional sheet(s) and/or partnerships . . 14 Total proportionate part of columns F and G (see instructions) 14 IIII MI iiill/161111111111 II HI NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806358

688841 17-13.16 IT-204-CP (2016) Page 5 of 11 Part 6 - Prior year gross investment income for stocks that did not meet holding period requirement 15 Prior year presumed gross investment income from stocks presumed in the prior year to be held more than one year that failed to meet the presumption (see Instructions) 15 Partner's share of items related to investment and other exempt income under Article 9-A(for New York C corporate partners only) 16 Gross exempt crossarticle dividends 17 Gross exempt controlled foreign corporation (CFC) Income 18 Gross exempt unitary corporation dividends 19 Gross investment income from investments generating income not taxable by New York State under the U.S. Constitution 20 Dividend Income from investment capital from stocks actually held more than one year 21 Net capital gains in excess of losses from investment capital from stocks actually held more than one year 22 Dividend income from investment capital from stocks presumed held more than one year 16 17 18 19 20 21 22 Partner's share of items related to interest deductions directly attributable to investment and other exempt income under Article 9-A (for New York C corporate partners only) 23 Interest expense per federal Form 1065. line 15 24 Interest deductions directly attributable to income reported on line 16 25 Interest deductions directly attributable to income reported on line 17 26 Interest deductions directly attributable to income reported on line 18 27 Interest deductions directly attributable to income reported on line 19 28 Interest deductions directly attributable to income reported on line 20 29 Interest deductions directly attributable to income reported on line 21 30 Interest deductions directly attributable to income reported on line 22 31 Interest deductions directly attributable to business capital 23 24 25 26 27 28 29 30 31 Partner's share and proportionate part of items related to subtraction modification for qualified banks 32 Qualified residential loan portfolio assets 32 33 Gross interest income from qualifying loans 33 33a Gross interest income from all loans 33a 33b Gross interest expense from all loans 331) Partner's share and proportionate part of items related to manufacturing 35a Number of employees employed in manufacturing in New York 35 Adjusted basis of qualified manufacturing property gas, and the production of steam associated with the generation of electricity E35 34 Total receipts from the sale of goods by manufacturing 34 34a Receipts received from the generation and distribution of electricity, the distribution of natural 117005161019 III IIII III I II II IIII I VIII I III II III NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806359

686842 12.13.16 Page 6 of t t IT-204-CP (2016) Partner's share of New York modifications (for New York S corporate panners only) 36 Now York State additions Number A- Total amount 36a EA -214 8950 36b EA -201 5523 36c EA -201 34282 36d EA - 36c EA - 361 EA - 37 Total addition modifications (total of column A, lines 36a through 360 37 48755 38 New York State subtractions Number A - Total amount 38a Es -213 1439 38b ES - 38c ES - 38d ES - 38e ES - 381 ES - 39 Total subtraction modifications (total of column A, lines 38a through 380 39 1439 4O Additions to federal itemized deductions Letter Amount 40a 40b 40c 40d 40c 4O1 41 Total additions to federal itemized deductions (add lines 40a through 40t) 41 42 Subtractions from federal itemized deductions Letter Amount 42a 42b 42c 42d 42c 421 43 Total subtractions from federal itemized deductions (add lines 42a through 420 IIII MI I III1111111 611 1 61111I III II III Iqr 1 1f J.+ 01 43 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806360

68,31103 17-13-16 IT-204-CP (2016) Page 7 of 11 Partner's share of income, deductions, etc. (from federal Form 1065. Schedule K-1) Partner's distributive share items 44 Ordinary business income (loss) 44 775137 45 Net rental real estate income (loss) 45 46 Other net rental income (loss) 46 47 Guaranteed payments 47 48 Interest income 48 4950 49 Ordinary dividends 49 50 Royalties 50 51 Net short-term capital gain (loss) 51 52 Net longterm capital gain (loss) 52 53 Net section 1231 gain (loss) 53 54 Other income (loss) 54 Identify: 55 Section 179 deduction 55 20002 56 Other deductions (see instructions) 56 3879 Identify: SEE STATEMENT 57 Taxexempt income and nondeductible expenses (see instructions) 57 39623 58 Distributions • cash and marketable securities 58 697500 59 Distributions • other property 59 60 Other Items not inckrded above that are required to be reported separately to partners 60 4950 Identify: SEE STATEMENT Partner's credit information (see instructions) Part 1 - Flow-through credit bases and information Brownfield redevelopment tax credit (Form CT-611. F01771CT-611.1. or Form CT-611.2) 61 Site preparation credit component 62 Tangible property credit component 63 On•site groundwater remediatica credit component EZ capital tax credit (Form CT-602) 64 Recapture of credit for investments in certified EZ businesses 64 65 Recapture of credit for contributions of money to EZ community development projects 65 QEZE tax reduction credit (Form CT-604-CP) 66 QEZE employment increase factor 66 67 QEZE zone allocation factor 67 68 QEZE benefit period factor 68 Excelsior jobs program tax credit (Form CT-607) 69 Excelsior jobs tax credit component 69 70 Excelsior investment tax credit component 70 71 Excelsior research and development tax credit component 71 72 Excelsior real property tax credit component 72 A - Form CT-611 B - Form CT-611A C - Form CT-611.2 61 62 63 III III Hi Hill NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806361

Page 8 of 11 IT-204-CP (2016) GRES44 $2•• fi Partner's credit information (continued) Farmers' school tax credit (Form CT-47) 73 Acres of qualified agricultural property 74 Acres of qualified conservation property 75 Eligible school district property taxes paid 76 Acres of qualified agricultural property converted to nonqualified use 73 74 75 76 Other flow-through credit bases and information Credit bases Code Amount Code Amount 77a 77d 77b 77e 77c 77f Credit information Code Information Code Information 77g 77j 77h 77k 77i 771 Part 2 - Flow-through credits, addbacks, and recaptures 78 Flowthrough credits Code Amount Code Amount 78a 78e 78b 78f 78c 78g 78d 78h 79 Addbacks of credits and recaptures Code Amount Code Amount 79d 79b 79e 79c 79f Part 3 - START-UP NY tax elimination credit information(Rvm CT-638) 80 STARTUP NY business certificate number (Form DTF-74) 81 Year of STARTUP NY business tax benefit period 82 STARTUP NY area allocation factor 80 81 82 Partner's share of apportionment and Metropolitan Commuter Transportation District (MCTD) information Part 1 1 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in New York State? (mark an X in the appropriate box) Yes El No 2 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in the MCTD? (mark an X in the appropriate box) Yes El No Average value of property A - MCTD B - New York State 3 Real estate owned 4 Real estate rented 5 Inventories owned 8 Tangible personal property owned 7 Tangible personal property rented 3 4 5 8 7 III IIII III I II III III I VIII I III II III NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806362

684845 12-13-14 IT-204-CP (2016) Page 9 of 11 Part 2 Receipts from: Section 210-A.2 1 Sales of tangible personal property 2 Sales of electricity 3 Net gains from sales of real property Section 210-A.3 4 Rentals of real and tangible personal property Royalties from patents. copyrights, trademarks, and similar intangible personal property 6 Sales of rights for certain cbsecicircuit and cable TV transmissions of an event Section 210-A.4 7 Sale, licensing, or granting access to digital products 7a Sale, licensing, or granting access to digital products 8 This line intentionally left blank Section 210-A.5(aX2XA) 9 Interest from loans secured by real property 10 Net gains from sales of loans secured by real property 11 Interest from loans not secured by real property 12 Net gains from sales of loans not secured by real property D Section 210-A.5(aX2XB) K 13 Interest from federal debt A PACTD 1 2 3 B Now York State C Everywhere 4 5 6 7 7a 8 14 9 10 11 12 13 15 Interest from NYS and its political subdivisions debt 15 16 Net gains from federal, NYS, and NYS political subdivisions debt 16 17 Interest from other states and their political subdivisions debt 17 18 Net gains from other states and their political subdivisions debt 18 Section 210-A.5(aX2XC) K 19 Interest from asset-backed securities and other government agency debt 19 20 Net gains from government agency debt or asset-backed securities sold through an exchange 20 21 Net gains from all other asset-backed securities 21 Section 210-A.5(aX2XD) 22 Interest from corporate bonds 22 23 Net gains from corporate bonds sold through broker/dealer or licensed exchange 23 24 Net gains from other corporate bonds 24 Section 210-A.5(aX2XE) 25 Net Interest from reverse repurchase and securities borrowing agreements 25 Section 210-A.5(aX2XF) 26 Net interest from federal funds 26 Section 210-A.5(aX2X0 27 Net income from sales of physical commodities 27 Section 210-A.5(aX2XJ) D 28 Marked to market net gains 28 117009161019 III IIII III 1 III II III 111111 1 III H III NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806363

Page 10 of 11 IT-204-CP (2016) 648846 12.13.1E Part 2 Receipts from: A ric ' u B New York State c Everywhere Section 210-A.5(aX2Xii) 210-A.5(aX2XG) 29 Interest from other financial 30 Net gains from other financial 30a Net gains from other financial (broker/dealer/exchange) 30b Other income from other 30c Other income from other (broker/dealer/exchange) 30d Dividends from stock that 30e Net gains from sales of 301 Net gains from sales of H financial financial is stock partnership instruments 29 instruments 30 instruments instruments instruments business capital 30a 30b 30c 30d that is business capital 30e interests 30f Section 210-A.5(b) 31 Brokerage commissions 32 Margin interest earned 33 Fees for advisory services or management of underwriting 34 Receipts from primary 35 Receipts from account 36 Fees for management 37 Interest from an affiliated 31 on behalf for spread maintenance or advisory corporation of brokerage accounts underwriting of seling concessions fees 32 33 34 35 services 36 37 Section 210-A.5(c) 38 Interest, fees, and penalties 39 Service charges and fees 40 Receipts from merchant 41 Receipts from credit card settlement processing 42 Other credit card processing from discounts authorizations from credit cards 38 credit cards 39 40 and 41 receipts ,,, ,,, ,,,,,,,,, ,,, , , 42 Section 210-A.5(d) 43 Receipts from certain services to investment companies 43 Section 210-AB 44 Receipts from railroad and trucking business 44 Section 210-AB-a 45 Receipts from the operation of vessels 45 Section 210-Al 46 Receipts from air freight forwarding 47 Receipts from other aviation 46 services 47 Section 210-AS 48 Advertising in newspapers 49 Advertising on television or 50 Advertising via other means or periodicals 48 radio 49 50 Section 210-A.9 51 Transportation or transmission of gas through pipes 51 Section 210-A.10 52 Receipts from other services/activities not specified 52a Receipts from other services/activities not specified 52 4539622 6735464 62a 117010161019 III IIII III1IIII1III111111 1III II III k fir. NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806364

688447 12-13-16 IT-204-CP (2016) Page 11 of 11 Payroll A MCTD B New York State 53 Wages and other compensation of employees except general executive officers 53 2703624 54 Average number of individuals employed full time in New York State (excluding employees with partnership-wide authority) 54 17 Gross proceeds or receipts from certain sales (for apportionment purposes) (see instructions) A MCTD B New York State C Everywhere 55 56 57 58 59 Sales of loans secured by real property 55 Sales of loans not secured by real property 56 Sales of other asset-backed securities 57 Sales of corporate bonds 58 Sales of physical commodities 59 Marked to market net gain or loss from deemed sales (for apportionment purposes) 60 Of loans secured by real property 61 Of loans not secured by real property 62 Of federal debt instruments 63 Of New York State and its political subdivisions debt instruments 64 Of other states and their political subdivisions debt instruments 65 Of government agency debt or assetbacked securities (through exchange) 66 Of all other asset-backed securities 67 Of corporate bonds through licensed exchange or broker/dealer 68 Of other corporate bonds 69 Of physical commodities 70 Of other fnancial instruments of one type 60 61 62 63 64 65 66 67 68 69 70 Items related to repurchase agreements and securities borrowing/lending agreements 71 Value of reverse repurchase agreements when partnership is purchaserAender 72 Value of borrowing agreements when partnership is securities borrower 73 Value of repurchase agreements when partnership is seller/borrower 74 Value of lending agreements when partnership is securities lender 75 Interest income from reverse repurchase agreements and securities borrowing agreements 76 Interest expense from repurchase agreements and securities lending agreements 117 01116 10 19 III nu 71 72 73 74 75 76 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806365

NEXT MANAGEMENT LLC 13-3495607 NY IT-204-CP OTHER DEDUCTIONS DESCRIPTION CASH CONTRIBUTIONS (50%) TOTAL TO FORM IT-204-CP, PAGE 7, LINE 56 AMOUNT FROM NY FEDERAL STATE SCHEDULE K-1 AMOUNT 3,879. 2,746. 3,879. 2,746. NY IT-204-CP OTHER ITEMS REQUIRED TO BE REPORTED SEPARATELY DESCRIPTION INVESTMENT INCOME TOTAL TO FORM IT-204-CP, PAGE 7, LINE 60 AMOUNT FROM NEW YORK FEDERAL STATE SCHEDULE K-1 AMOUNT 4,950. 3,505. 4,950. 3,505. PARTNER NUMBER 2 EFTA00806366

NEW YORK STATE 2016 Department of Taxation and Finance New York Corporate Partner's Schedule K-1 Tax Law - Article 9-A For calendar year 2016 or tax year beginning 01012016 and ending 12312016 I T . 2 0 4 - C P 3 El Final K-1 El Amended K-1 Partners: Before completing your franchise tax return, see Form IT•204CP.I. Partner's Instructions lot Form IT-204-CP (available at www.tax.ny.gov). Partnership's information Partnership's name (as shown on Form IT•204) NEXT MANAGEMENT LLC Partnership's EIN 133495607 A Mark an X in the box if either applies to your entity Publicly traded partnership Portfolio investment partnership B Tax shelter registration number. if any Partner's information (see instructions) Partner's name THE WILCOR GROUP INC. CIO NEXT MANAGE Partner's EIN 133682060 ti rn fO O Partner's address 15 WATTS STREET Limited partner or other LLC member City NEW YORK State NY ZIP code 10013 C The partner is a mark on X In Me aPprOPrete bOx) W General partner or LLC rnember.manager U D What is the New York tax filing status of the partner? (Mark an X in the appropriate box, if known.) K C corporation ❑S corporation El Partnership E If the partner is a disregarded entity, enter the EIN of the entity reporting the Income of the partner (if known) F Did the partner sell its entire interest during the tax year? G Partner's share of profit, loss, and capital F Yes K No M Beginnin g Ending O O 1) Profit G1 2) Loss G2 3) Capital G3 27.0000% 27.0000% 27.0000% H Partner's share of kabilaies at the end of the year 1) Nonrecourse H1 2) Qualified nonrecolose financing H2 3) Recourse H3 I Partner's capital account analysis 1) Beginning capital account 11 2) Capital contributed during the year • cash 12 3) Capital contributed during the year • property 13 4) Current year increase (decrease) 14 5) Withdrawals and distributions • cash 15 6) Withdrawals and distributions • property 16 7) Ending capital account 17 8) Method of accounting mark an X in the propriate bo. El Tax basis GAAP 117001161019 III11111 Other (submit explanation) 27.0000% 27.0000% 27.0000% 258615 4849188 316326 742064 607500 450890 EFTA00806367

CE.52, V•'3.16 Page 2 of 11 IT-204-CP (2016) J Was Form CT•265&E filed with the partnership? J Yes El No K NYS estimated tax paid on behalf of partner (from RIM CT-2658) Date Amount 3) Third installment 2) Second installment K3 4) Fourth installment K4 K K2 1) First installment Total NYS estimated tax paid on behalf of partner (add fines Kt through K4) K Partner's share of entire net income (ENI) information when the corporate partner's New York tax filing status is a C corporation ENI addition modifications 1 Total additions 10 lb ic A - Number EA- EA- EA - B - Amount ENI subtraction modifications 2 Total subtractions 2a 2b 2c A - Number ES - ES - ES - B-AmoJnt td to 11 2d 2e 21 A - Number EA - EA - EA - A - Number ES - ES - ES - B - Amount 2 B - Amount Partner's proportionate part of assets and liabilities(for New York corporate partners only) 3 Total assets 4 Real property and marketable securities included on line 3 5 Real property and marketable securities at fair market value (FMV) 6 Average value of adjusted total assets 7 Total liabilities 8 Liabilities directly attributable to business capital 9 Liabilities directly attributable to investment capital MI MI MI 1111111 21161 ill' III II III Average value 3 4 5 6 7 8 9 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806368

688831 12-13.16 IT-204-CP (2016) Page 3 of 11 Partner's proportionate part of items related to investment capital under Article 9-A(forNew York C corporate partners only) Part 1 - Investment capital that generates income claimed not taxable by New York under the U.S. Constitution Description of asset (identify each asset, and enter number ol shares (if applicable) and date acquired here; for each asset complete columns D through G on the corresponding lines below; enter omy directly owned assets in items A through G) • • ror eacn nem "mei]. in columns r tnrouon t . enter me imormation tor me parmersnip as a wnore Item A • Description of asset B • Number of shares acquired, if applicable C • Date acquired A B C D E F Item 0 Number of shares sold. if applicable E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 10 Total proportionate part of columns F and G (see instructions) 10 Part 2 • Investment capital • stocks actually held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B - Number of shares acquired C • Date acquired A B C D E F Item D Number of shares sold E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 11 Total proportionate part of colurms F and G (see instructions) 11 IIIIIIIIII11111111161111111111 111111 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806369

Page 4 of 11 IT-209-CP (2016) Part 3 - Investment capital - stocks presumed held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns F and G on the corresponding lines below; enter only directly owned investments in items A through G) 6438832 12.13.16 Item A • Name/CUSIP/CINSAot number B - Number of shares acquired C • Date =wires A B C D E F Item D Number of shares sold E Date sold F Average FMV G Liabilities directly attributable H Net average FMV A B C D E F Total from additional sheet(s) and/or partnerships 12 Total proportionate part of columns F and G (see instructions) 12 Part 4 - Total Investment capital 13 Total average FMV and liabilities directly attributable (add lines 10, 11. and 12 in columns F and G) 13 Part 6 - Prior year Investment capital - stocks that did not meet holding period requirement Description of Investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) ' • rcr eacn nem owed. in columns X tnrouqn t.i. enter me imormation for me parrnersnip as a wnoie. Item A • Name/CUSIP/CINSAot number B - Number of shares acquired C • Date acquired A B C D E F ROM D Number of shares solo E Date sold F Average FMV as previously reported G Liabilities directly attributable as previously reported H I 1 A B C D E F Total from additional sheet(s) and/or partnerships . . 14 Total proportionate part of columns F and G (see instructions) 14 IIII MI iiill/161111111111 II HI NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806370

688841 17-13.16 IT-204-CP (2016) Page 5 of 11 Part 6 - Prior year gross investment income for stocks that did not meet holding period requirement 15 Prior year presumed gross investment income from stocks presumed in the prior year to be held more than one year that failed to meet the presumption (see Instructions) 15 Partner's share of items related to investment and other exempt income under Article 9-A(for New York C corporate partners only) 16 Gross exempt crossarticle dividends 17 Gross exempt controlled foreign corporation (CFC) Income 18 Gross exempt unitary corporation dividends 19 Gross investment income from investments generating income not taxable by New York State under the U.S. Constitution 20 Dividend Income from investment capital from stocks actually held more than one year 21 Net capital gains in excess of losses from investment capital from stocks actually held more than one year 22 Dividend income from investment capital from stocks presumed held more than one year 16 17 18 19 20 21 22 Partner's share of items related to interest deductions directly attributable to investment and other exempt income under Article 9-A (for New York C corporate partners only) 23 Interest expense per federal Form 1065. line 15 24 Interest deductions directly attributable to income reported on line 16 25 Interest deductions directly attributable to income reported on line 17 26 Interest deductions directly attributable to income reported on line 18 27 Interest deductions directly attributable to income reported on line 19 28 Interest deductions directly attributable to income reported on line 20 29 Interest deductions directly attributable to income reported on line 21 30 Interest deductions directly attributable to income reported on line 22 31 Interest deductions directly attributable to business capital 23 24 25 26 27 28 29 30 31 Partner's share and proportionate part of items related to subtraction modification for qualified banks 32 Qualified residential loan portfolio assets 32 33 Gross interest income from qualifying loans 33 33a Gross interest income from all loans 33a 33b Gross interest expense from all loans 331) Partner's share and proportionate part of items related to manufacturing 35a Number of employees employed in manufacturing in New York 35 Adjusted basis of qualified manufacturing property gas, and the production of steam associated with the generation of electricity E35 34 Total receipts from the sale of goods by manufacturing 34 34a Receipts received from the generation and distribution of electricity, the distribution of natural 117005161019 III IIII III I II II IIII I VIII I III II III NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806371

686842 12.13.16 Page 6 of t t IT-204-CP (2016) Partner's share of New York modifications (tor New York S corporate panners only) 36 Now York State additions Number A- Total amount 36a EA -214 7795 36b EA -201 4810 36c EA -201 29858 36d EA - 36c EA - 361 EA - 37 Total addition modifications (total of column A, lines 36a through 360 37 42463 38 New York State subtractions Number A - Total amount 38a Es -213 1253 38b ES - 38c ES - 38d ES - 38c ES - 381 ES - 39 Total subtraction modifications (total of column A, fines 38a through 380 39 1253 40 Additions to federal itemized deductions Letter Amount 40a 40b 40c 40d 40c 401 41 Total additions to federal itemized deductions (add lines 40a through 40t) 41 42 Subtractions from federal itemized deductions Letter Amount 42a 42b 42c 42d 42c 421 43 Total subtractions from federal itemized deductions (add lines 42a through 420 IIII MI I III1111111 611 1 61111I III II III 43 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806372

68,31103 17-13-16 IT-204-CP (2016) Page 7 of 11 Partner's share of income, deductions, etc. (from federal Form 1065. Schedule K-1) Partner's distributive share items 44 Ordinary business income (loss) 44 675119 45 Net rental real estate income (loss) 45 46 Other net rental income (loss) 46 47 Guaranteed payments 47 48 Interest income 48 4311 49 Ordinary dividends 49 50 Royalties 50 51 Net short-term capital gain (loss) 51 52 Net longterm capital gain (loss) 52 53 Net section 1231 gain (loss) 53 54 Other income (loss) 54 Identify: 55 Section 179 deduction 55 17421 56 Other deductions (see instructions) 56 3378 Identify: SEE STATEMENT 57 Taxexempt income and nondeductible expenses (see instructions) 57 34511 58 Distributions • cash and marketable securities 58 607500 59 Distributions • other property 59 60 Other Items not inckrded above that are required to be reported separately to partners 60 4311 Identify: SEE STATEMENT Partner's credit information (see instructions) Part 1 - Flow-through credit bases and information Brownfield redevelopment tax credit (Form CT-611. F01771CT-611.1. or Form CT-611.2) 61 Site preparation credit component 62 Tangible property credit component 63 On•site groundwater remediatica credit component EZ capital tax credit (Form CT-602) 64 Recapture of credit for investments in certified EZ businesses 64 65 Recapture of credit for contributions of money to EZ community development projects 65 QEZE tax reduction credit (Form CT-604-CP) 66 QEZE employment increase factor 66 67 QEZE zone allocation factor 67 68 QEZE benefit period factor 68 Excelsior jobs program tax credit (Form CT-607) 69 Excelsior jobs tax credit component 69 70 Excelsior investment tax credit component 70 71 Excelsior research and development tax credit component 71 72 Excelsior real property tax credit component 72 A - Form CT-611 B - Form CT-611A C - Form CT-611.2 61 62 63 III III Hi Hill NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806373

Page 8 of 11 IT-204-CP (2016) GRES44 $2•• fi Partner's credit information (continued) Farmers' school tax credit (Form CT-47) 73 Acres of qualified agricultural property 74 Acres of qualified conservation property 75 Eligible school district property taxes paid 76 Acres of qualified agricultural property converted to nonqualified use 73 74 75 76 Other flow-through credit bases and information Credit bases Code Amount Code Amount 77a 77d 77b 77e 77c 77f Credit information Code Information Code Information 77g 77j 77h 77k 77i 771 Part 2 - Flow-through credits, addbacks, and recaptures 78 Flowthrough credits Code Amount Code Amount 78a 78e 78b 78f 78c 78g 78d 78h 79 Addbacks of credits and recaptures Code Amount Code Amount 79d 79b 79e 79c 79f Part 3 - START-UP NY tax elimination credit information(Rvm CT-638) 80 STARTUP NY business certificate number (Form DTF-74) 81 Year of STARTUP NY business tax benefit period 82 STARTUP NY area allocation factor 80 81 82 Partner's share of apportionment and Metropolitan Commuter Transportation District (MCTD) information Part 1 1 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in New York State? (mark an X in the appropriate box) Yes El No 2 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in the MCTD? (mark an X in the appropriate box) Yes El No Average value of property A - MCTD B - New York State 3 Real estate owned 4 Real estate rented 5 Inventories owned 8 Tangible personal property owned 7 Tangible personal property rented 3 4 5 8 7 III IIII III I II III III I VIII I III II III NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806374

684845 12-13-14 IT-204-CP (2016) Page 9 of 11 Part 2 Receipts from: Section 210-A.2 1 Sales of tangible personal property 2 Sales of electricity 3 Net gains from sales of real property Section 210-A.3 4 Rentals of real and tangible personal property Royalties from patents. copyrights, trademarks, and similar intangible personal property 6 Sales of rights for certain cbsecicircuit and cable TV transmissions of an event Section 210-A.4 7 Sale, licensing, or granting access to digital products 7a Sale, licensing, or granting access to digital products 8 This line intentionally left blank Section 210-A.5(aX2XA) 9 Interest from loans secured by real property 10 Net gains from sales of loans secured by real property 11 Interest from loans not secured by real property 12 Net gains from sales of loans not secured by real property D Section 210-A.5(aX2XB) K 13 Interest from federal debt A PACTD 1 2 3 B Now York State C Everywhere 4 5 6 7 7a 8 14 9 10 11 12 13 15 Interest from NYS and its political subdivisions debt 15 16 Net gains from federal, NYS, and NYS political subdivisions debt 16 17 Interest from other states and their political subdivisions debt 17 18 Net gains from other states and their political subdivisions debt 18 Section 210-A.5(aX2XC) K 19 Interest from asset-backed securities and other government agency debt 19 20 Net gains from government agency debt or asset-backed securities sold through an exchange 20 21 Net gains from all other asset-backed securities 21 Section 210-A.5(aX2XD) 22 Interest from corporate bonds 22 23 Net gains from corporate bonds sold through broker/dealer or licensed exchange 23 24 Net gains from other corporate bonds 24 Section 210-A.5(aX2XE) 25 Net Interest from reverse repurchase and securities borrowing agreements 25 Section 210-A.5(aX2XF) 26 Net interest from federal funds 26 Section 210-A.5(aX2X0 27 Net income from sales of physical commodities 27 Section 210-A.5(aX2XJ) D 28 Marked to market net gains 28 117009161019 III IIII III 1 III II III 111111 1 III H III NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806375

Page 10 of 11 IT-204-CP (2016) 648846 12.13.1E Part 2 Receipts from: A ric ' u B New York State c Everywhere Section 210-A.5(aX2Xii) 210-A.5(aX2XG) 29 Interest from other financial 30 Net gains from other financial 30a Net gains from other financial (broker/dealer/exchange) 30b Other income from other 30c Other income from other (broker/dealer/exchange) 30d Dividends from stock that 30e Net gains from sales of 301 Net gains from sales of H financial financial is stock partnership instruments 29 instruments 30 instruments instruments instruments business capital 30a 30b 30c 30d that is business capital 30e interests 30f Section 210-A.5(b) 31 Brokerage commissions 32 Margin interest earned 33 Fees for advisory services or management of underwriting 34 Receipts from primary 35 Receipts from account 36 Fees for management 37 Interest from an affiliated 31 on behalf for spread maintenance or advisory corporation of brokerage accounts underwriting of seling concessions fees 32 33 34 35 services 36 37 Section 210-A.5(c) 38 Interest, fees, and penalties 39 Service charges and fees 40 Receipts from merchant 41 Receipts from credit card settlement processing 42 Other credit card processing from discounts authorizations from credit cards 38 credit cards 39 40 and 41 receipts ,,, ,,, ,,,,,,,,, ,,, , , 42 Section 210-A.5(d) 43 Receipts from certain services to investment companies 43 Section 210-A6 44 Receipts from railroad and trucking business 44 Section 210-AA-a 45 Receipts from the operation of vessels 45 Section 210-Al 46 Receipts from air freight forwarding 47 Receipts from other aviation 46 services 47 Section 210-AS 48 Advertising in newspapers 49 Advertising on television or 50 Advertising via other means or periodicals 48 radio 49 50 Section 210-A.9 51 Transportation or transmission of gas through pipes 51 Section 210-A.10 52 Receipts from other services/activities not specified 52a Receipts from other services/activities not specified 52 3953864 5866372 62a III 11111111 6111il III II III NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806376

688447 12-13-16 IT-204-CP (2016) Page 11 of 11 Payroll A MCTD B New York State 53 Wages and other compensation of employees except general executive officers 53 2354770 54 Average number of individuals employed full time in New York State (excluding employees with partnership-wide authority) 54 15 Gross proceeds or receipts from certain sales (for apportionment purposes) (see instructions) A MCTD B New York State C Everywhere 55 56 57 58 59 Sales of loans secured by real property 55 Sales of loans not secured by real property 56 Sales of other asset-backed securities 57 Sales of corporate bonds 58 Sales of physical commodities 59 Marked to market net gain or loss from deemed sales (for apportionment purposes) 60 Of loans secured by real property 61 Of loans not secured by real property 62 Of federal debt instruments 63 Of New York State and its political subdivisions debt instruments 64 Of other states and their political subdivisions debt instruments 65 Of government agency debt or assetbacked securities (through exchange) 66 Of all other asset-backed securities 67 Of corporate bonds through licensed exchange or broker/dealer 68 Of other corporate bonds 69 Of physical commodities 70 Of other fnancial instruments of one type 60 61 62 63 64 65 66 67 68 69 70 Items related to repurchase agreements and securities borrowing/lending agreements 71 Value of reverse repurchase agreements when partnership is purchaserAender 72 Value of borrowing agreements when partnership is securities borrower 73 Value of repurchase agreements when partnership is seller/borrower 74 Value of lending agreements when partnership is securities lender 75 Interest income from reverse repurchase agreements and securities borrowing agreements 76 Interest expense from repurchase agreements and securities lending agreements 117 01116 10 19 III nu 71 72 73 74 75 76 NO HANDWRITTEN ENTRIES ON THIS FORM EFTA00806377

NEXT MANAGEMENT LLC 13-3495607 NY IT-204-CP OTHER DEDUCTIONS DESCRIPTION CASH CONTRIBUTIONS (50%) TOTAL TO FORM IT-204-CP, PAGE 7, LINE 56 AMOUNT FROM NY FEDERAL STATE SCHEDULE K-1 AMOUNT 3,378. 2,392. 3,378. 2,392. NY IT-204-CP OTHER ITEMS REQUIRED TO BE REPORTED SEPARATELY DESCRIPTION INVESTMENT INCOME TOTAL TO FORM IT-204-CP, PAGE 7, LINE 60 AMOUNT FROM NEW YORK FEDERAL STATE SCHEDULE K-1 AMOUNT 4,311. 3,052. 4,311. 3,052. PARTNER NUMBER 3 EFTA00806378

2016 TAX RETURN FILING INSTRUCTIONS NEW YORK CITY FORM NYC-204 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 $ 149 047.00 Less: payments and credits $ 179,304.00 Plus: other amount S 0.00 Plus: interest and penalties S 0.00 OVERPAYMENT s 30 257.00 Overpayment Credited to your estimated tax $ 30,257.00 Other amount $ 0.00 Refunded to you $ 0.00 Mailtaxreum and check (if mvilicablOto THIS RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. IF YOU WISH TO HAVE IT TRANSMITTED TO THE NYC DOF, PLEASE SIGN, DATE AND RETURN NYC-579-UBTP TO OUR OFFICE. WE WILL THEN SUBMIT THE ELECTRONIC RETURN TO THE NYC DOF. 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 NYC-579-UBTP TO US BY SEPTEMBER 15, 2017. Special Instructions DO NOT MAIL THE PAPER COPY OF THE RETURN TO THE NYC DOF. 610142 04.01.16 EFTA00806379

2017 ESTIMATED TAX FILING INSTRUCTIONS NEW YORK CITY FORM NYC 5UB FOR THE YEAR ENDING DECEMBER 31, 2017 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 Amount of tax Total Estimated Tax S 149,060 Less credit from prior year S 30,257 Less amount already paid on 2017 estimate S 29,700 Balance due S 89,103 Payable in full or In Installments as follows: Installment Amount Due Date No. 1 $ NOT APPLICABLE No. 2 $ NOT APPLICABLE No. 3 $ 51,833 SEPTEMBER 15, 2017 No. 4 $ 37,270 JANUARY 16, 2018 Make check payable to NYC DEPARTMENT OF FINANCE Mail voucher and check (if applicable) to NYC DEPARTMENT OF FINANCE UNINCORPORATED BUSINESS TAX P.O. BOX 3923 NEW YORK, NY 10008-3923 Special Instructions 600001 04-01.16 EFTA00806380

NYC ,:r",7:::" NYC 579-UBTP NEW YORK CITY DEPARTMENT OF FINANCE 2016 Signature Authorization for E-Filed Unincorporated Business Tax Return for Partnerships ELECTRONIC RETURN ORIGINATORS (ER0): DO NOT MAIL THIS FORM TO THE DEPARTMENT OF FINANCE. KEEP THIS FOR YOUR RECORDS. LEGAL NAME OF PARTNERSHIP: NEXT MANAGEMENT LLC EMPLOYER IDENTIFICATION NUMBER 13-3495607 EMAIL ADDRESS: TYPE OF FORM: NYC.EXT NYC.5U8 X NYC204 NYC204EZ Financial Institution Information . must be included if electronic payment is authorized AMOUNT OF AUTHORIZED DEBIT: FINANCIAL INSTITUTION ROUTING NUMBER: FINANCIAL INSTITUTION ACCOUNT NUMBER: Part A - Declaration and authorization of Partner or limited liability company member manager Under penalty information on and statements has my consent York City Department City electronically document indicated York City Department indicated on debit the amount X lauthori as my _ Asa Unincorporated of perjury. I declare that I am the general partner or limited liability company manager its 2016 New York City electronically filed Unincorporated Business Tax return, including or other report and to the best of my knowledge and belief, the electronically filed to send the 2016 New York City electronically filed Unincorporated Business Tax of Finance through the Internal Revenue Service. I authorize the ERO to enter filed Unincorporated Business Tax return or other report, as indicated above above. If I am paying the New York City Unincorporated Business Tax owed of Finance and its designated financial agents to initiate an electronic funds the Partnership's electronically filed the Unincorporated Business Tax return or other from that account. n SACKS PRESS & LACHER PC to enter of the document return my or I will enter by electronic withdrawal report, my other report, my signature taxpayer and that I have examined any accompanying schedules, is true. correct and complete. or other report checked above PIN as my signature on the 2016 my PIN as my signature on funds withdrawal, I authorize from the financial institution and I authorize the financial PIN: 13471 the attachments The ERO to the New New York the the New account institution to 2016 ENO NINA NAME signature on the electronically filed 2016 Unincorporated Business Tax return or general partner or limited liability company member manager, I will enter my PIN as Business Tax return or other report, as indicated above. PRESIDENT OF MEMBER as indicated above. on the electronically filed MG Signature of General Partner or Limited Liability Official title Date Company Member Manager Part B - Declaration of electronic return originator (ERO) and paid preparer Under penalty of perjury, I declare that the information contained in the abovenamed electronically filed Unincorporated Business Tax return or other report, as taxpayer furnished me with a completed 2016 New York City paper Unincorporated declare that the information contained in the electronically filed Unincorporated the paper return. If I am the paid preparer, under penalty of perjury I declare Business Tax Return or other report, and to the best of my knowledge and based this declaration on all the information available to me. ERO EFIN/PIN: Enter your sixdigit EFIN followed by your five digit PIN: partnership's or limited indicated above, is the information Business Tax return Business Tax return or that I have examined this electronically belief, the return or other report liability company's 2016 New York City furnished to me by the taxpayer. If the or other report signed by a paid preparer. I other report is identical to that contained in filed 2016 Unincorporated is true. correct and complete. I have 09/12/17 1318 1 3 2 6 6 4 0 ERO's Signature Print Name Date GARY W. PRESS GARY W. PRESS Paid Pre er's Signature Print Name Date PURPOSE - A completed Form NYC-579-L€TP provides documentation that an ERO has been authorized to electronically file an Unincorporated Business Tax Return or other report for a taxpayer. The general partner or limited liability company manager of the taxpayer may designate the ERO to electronically sign the return or report by entering the personal identification number (PIN). The form also authorizes payment of tax due on an electronically submitted return or report by an automatic clearing house (ACH) debit from a designated checking or saving account of the partnership. You cannot revoke this authorization. GENERAL INSTRUCTIONS Part A - Part A must be completed by the general partner or limited liability company manager of the taxpayer before the ERO transmits the electronically filed Form NYC-204 (Unincorporated Business Tax Return for Partnerships, including Limited Liability Companies); NYC-204EZ (Unincorporated Business Tax Return for Partnerships, including Limited Liability Companies - EZ Form); NYC-EXT (Application for 6-Month Extension to File Business Income Tax Return); or NYC-5UB (Declaration of Estimated Unincorporated Business Tax for Partnerships). EROsfpaid preparers must complete Part B prior to transmitting electronically filed unincorporated business tax returns or reports (Forms NYC-204, NYC-204EZ, NYC-EXT or NYC-5UB). Both the paid preparer and the ERO are required to sign Part B. However, if an individual performs as both the paid preparer and the ERO, he or she is only required to sign as the paid preparer. It is not necessary to include the ERO signature in this case. Do not mail Form NYC-579-UBTP to the Department of Finance. The ER0s/paid preparers must keep the completed Form NYC-579-UBTP for three years from the due date of the return or report or the date the return or report was filed, whichever is later, and must present it to the Department of Finance upon request 694891 11-09.16 05 NYC.579.1.1811. 2016 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT1 0 4 EFTA00806381

NYC ,:r",7:::" NYC 579-UBTP NEW YORK CITY DEPARTMENT OF FINANCE 2016 Signature Authorization for E-Filed Unincorporated Business Tax Return for Partnerships ELECTRONIC RETURN ORIGINATORS (ER0): DO NOT MAIL THIS FORM TO THE DEPARTMENT OF FINANCE. KEEP THIS FOR YOUR RECORDS. LEGAL NAME OF PARTNERSHIP: EMPLOYER IDENTIFICATION NUMBER 13-3495607 NEXT MANAGEMENT LLC EMAIL ADDRESS: TYPE OF FORM: X NYC.EXT NYC5UB _ NYC204 NYC204EZ — — Financial Institution Information . must be included if electronic payment is authorized AMOUNT OF AUTHORIZED DEBIT: FINANCIAL INSTITUTION ROUTING NUMBER: FINANCIAL INSTITUTION ACCOUNT NUMBER: 40,000. 026013576 1501920157 Part A - Declaration and authorization of Partner or limited liability company member manager Under penalty of perjury. I declare that I am the general partner or limited liability company manager of the taxpayer and that I have examined the information on its 2016 New York City electronically filed Unincorporated Business Tax return, including any accompanying schedules, attachments and statements or other report and to the best of my knowledge and belief, the electronically filed document is true. correct and complete. The ERO has my consent to send the 2016 New York City electronically filed Unincorporated Business Tax return or other report checked above to the New York City Department of Finance through the Internal Revenue Service. I authorize the ERO to enter my PIN as my signature on the 2016 New York City electronically filed Unincorporated Business Tax return or other report, as indicated above or I will enter my PIN as my signature on the document indicated above. If I am paying the New York City Unincorporated Business Tax owed by electronic funds withdrawal, I authorize the New York City Department of Finance and its designated financial agents to initiate an electronic funds withdrawal from the financial institution account indicated on the Partnership's electronically filed the Unincorporated Business Tax return or other report, and I authorize the financial institution to debit the amount from that account. X l uttiorize SACKS PRESS & LACHER PC to enter my PIN: 13471 as my ENO NINA NAME signature on the electronically filed 2016 Unincorporated Business Tax return or other report, as Indicated above. _ Asa general partner or limited liability company member manager, I will enter my PIN as my signature on the electronically filed 2016 Unincorporated Business Tax return or other report, as indicated above. PRESIDENT OF MEMBER MG Signature of General Partner or Limited Liability Official title Date Company Member Manager Part B - Declaration of electronic return originator (ERO) and paid preparer Under penalty of perjury, I declare that the information contained in the abovenamed partnership's or limited liability company's 2016 New York City electronically filed Unincorporated Business Tax return or other report, as indicated above. Is the information furnished to me by the taxpayer. If the taxpayer furnished me with a completed 2016 New York City paper Unincorporated Business Tax return or other report signed by a paid preparer. I declare that the information contained in the electronically filed Unincorporated Business Tax return or other report is identical to that contained in the paper return. If I am the paid preparer, under penalty of perjury I declare that I have examined this electronically filed 2016 Unincorporated Business Tax Return or other report, and to the best of my knowledge and belief, the return or other report is true, correct and complete. I have based this declaration on all the information available to me. ERO EFIN/PIN: Enter your sixdigit EFIN followed by your five digit PIN: • 09/12/17 ERO's Signature Print Name Date GARY W. PRESS GARY W. PRESS Paid Pre er's Signature Print Name Date PURPOSE . A completed Form NYC-579-L€TP provides documentation that an ERO has been authorized to electronically file an Unincorporated Business Tax Return or other report for a taxpayer. The general partner or limited liability company manager of the taxpayer may designate the ERO to electronically sign the return or report by entering the personal identification number (PIN). The form also authorizes payment of tax due on an electronically submitted return or report by an automatic clearing house (ACH) debit from a designated checking or saving account of the partnership. You cannot revoke this authorization. GENERAL INSTRUCTIONS Part A - Part A must be completed by the general partner or limited liability company manager of the taxpayer before the ERO transmits the electronically filed Form NYC-204 (Unincorporated Business Tax Return for Partnerships, including Limited Liability Companies); NYC-204EZ (Unincorporated Business Tax Return for Partnerships, including Limited Liability Companies - EZ Form); NYC-EXT (Application for 6-Month Extension to File Business Income Tax Return); or NYC-5UB (Declaration of Estimated Unincorporated Business Tax for Partnerships). EROsfpaid preparers must complete Part B prior to transmitting electronically filed unincorporated business tax returns or reports (Forms NYC-204, NYC-204EZ, NYC-EXT or NYC-5UB). Both the paid preparer and the ERO are required to sign Part B. However, if an individual performs as both the paid preparer and the ERO, he or she is only required to sign as the paid preparer. It is not necessary to include the ERO signature in this case. Do not mail Form NYC-579-UBTP to the Department of Finance. The ER0s/paid preparers must keep the completed Form NYC-579-UBTP for three years from the due date of the return or report or the date the return or report was filed, whichever is later, and must present it to the Department of Finance upon request 694891 11-09.16 05 NYC.579.1.1811. 2016 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806382

Tax TvDe NYC - EXT Declared el Fame APPLICATION FOR AUTOMATIC EXTENSION OF TIME TO FILE BUSINESS INCOME TAX RETURNS 2016 Final Return • Check this box if you have ceased operations. PRINT OR TYPE For CALENDAR YEAR 2016 or Fiscal Year beginning 01-01-2016 and ending 12-31-2016 Name (t canceled corporate Ma glee name ol everting comotatlen) NEXT MANAGEMENT LLC in Ca* of cnanrp OnInCorparated fauelneeS.Inctivkluala Only Rentlnien adddrett (number and need 15 WATTS STREET, 6TH FLOOR City and State NEW YORK Baldness Telephone Marta 212-925-5100 41,01,44496 Laet Name Cam> Nag; NY ZIP C0011 10013 Country (4 not US) EMPLOYER IDENTIFICATION NUMBER 13-3495607 OR SOCIAL SECURITY NUMBER :FOR UIFIKCORFORATEDIRISIKESSAINIDUALS ONLY) BUSINESS CODE NO. AS PER FEDERAL RETURN 812990 Em Il Addled Corporation Tax Unincorporated Business Tax (UBT) Business General-Subchapter S — Corporations and Qualified Subchapter S Subsidiaries only Banking — Subchapter S Corporations only X Partnership _ Individuals — Single-Member LLCs. Estates or Trusts C Corporations only NYC-2 NYC-2A NYC-2S NYC-3L NYC-3A NYC-4S NYC-4SEZ NYC-1 NYC-1A NYC-204 NYC-204EZ NYC-202 NYC-202S NYC-202EIN — Check the box if the organization is a corporation and is the common parent of a g oup that intends to file a combined return. If checked, attach a schedule. listing the name, address and Employer Identification Number (EIN) for each member covered by this application. Payment Information For payment amount. refer to the tax form for the tax that you will be filing after the extension period. Finance forms and instructions are available on line at NYC.govilinance. A. Payment Amount included with form. Make payable to: NYC Department of Finance 1. Current Yea Estimated Tax 2. If amount on line 1 exceeds $1.000. enter 25% of line 1 (For S Corporations only for UBT and C Corporations leave blank) 3. Total of lines 1 and 2 4. Total payments and credits 5. Balance due. Subtract line 4 from line 3 Payment Amount 40000. 1. 2. 3. 4. 5. 170548. 170548. 130548. 40000. CERTIFICATION OF TAXPAYER OR OF AN ELECTED OFFICER OF THE CORPORATION I hereby certify that this form, including any accompanying rider, is, to the best of my knowledge and belief, true, correct and complete. Signature: Title (if an officer): Date: NYC-EXT 2016 31211605 604601 11-00-16 06 EFTA00806383

NYC - 5UB NOIDDIONMO: PARTNERSHIP DECLARATION OF ESTIMATED UNINCORPORATED BUSINESS TAX For CALENDAR YEAR 2017 or FISCAL YEAR beginning and ending 2017 Business name ',arc Gila laa _ NEXT MANAGEMENT LLC Ernpf0yar IdantMCallon Nurnbac 13-3495607 In Care of BualnOSS Coda Number Clung* as par rani Aron 812990 Business address (number and street) Ad005.5 — 15 WATTS STREET, 6TH FLOOR City and State NEW YORK NY ZIP Code 10013 Country (if not US) Business Telephone Number 212-925-5100 Taxpayer's Email Address A Payment Amount included with form • Make payable to: NYC Department of Finance A. ayrnan n. 1. Estimate of 2017 tax 2. Amount to be paid with this declaration (Payable to: NYC DEPARTMENT OF FINANCE) 1. 2. 149060. Signature col taxpayer Tina Data: To receive proper credit, you must enter your correct Employer Identification Number on your declaration and remittance. DETACH ON DOTTED LINE & MAIL UPPER PORTION. RETAIN LOWER PORTION FOR YOUR RECORDS 05 ESTIMATED TAX WORKSHEET • KEEP THIS PORTION FOR YOUR RECORDS • 1. Net income from business expected in 2017 2. Exemption 3. Lew 1 less line 2 (estimated taxable business income) 4. Tax • enter 4% of line 3 5a. Business Tax Credit ) (Check applicable box below and enter credit amount) Tax on line 4 is $3,400 or less. Your credit is the entire amount of tax on line 4. Tax on line 4 is $5,400 or over. No credit is allowed. Enter '. Tax on line 4 is over $3,400 but less than $5.400. use formula for credit amount: Tax on line 4 x ($5.400 minus tax on line 4 ) $2.000 X 6b. Other credits 5c. Total credits (add lines 5a and 5b) 6. Estimated 2017 Unincorporated Business Tax (Iiie 4 less Ine 5c) Enter here, on line 7b. and on line 1 of declaration above 7a. Partnership's 2016 Unincorporated Business Tax 7a. 149047 . COMPUTATION OF INSTALLMENT - ) pis* row box miow and enter amount Intiloalad. Fiscal yaw 'concur. ace InstrucUont 8. If this X April 18. 2017. enter 1/4 of line lb Sept. 15. 2017. enter 1/2 of line 7b declaration Is due on: June 15, 2017, enter 1/3 of line 7b Jan. 16, 2018, enter amount of line 7b — 9. Enter amount of overpayment on 2016 return which you elected to have applied as a credit against 2017 estimated tax 10. Amount to be paid with this declaration (line 8 less tine 9) (Payable to: NYC DEPARTMENT OF FINANCE) 10. 1. 3731171. 2. 5000. 8. 3726171. 4. 149047. 6a. 0. 68. Sc. 149047. ADJUSTED 6. 149060. lb. nano% of 2017 lax torn line 6 7b. 149060. ) 8. 9. Make remittance payable to the order of: NYC DEPARTMENT OF FINANCE Payment must be made in U.S. dollars, drawn on a U.S. bank. MAILING INSTRUCTIONS MAIL YOUR DECLARATION FORM TO: NYC DEPARTMENT OF FINANCE UNINCORPORATED BUSINESS TAX BOX 3923 NEW YOP1K. NY 10008.3923 NYC-5118 2017 694.951 I 1-00-16 EFTA00806384

NYC - 5UB Dtaatmmtal IMMO: PARTNERSHIP DECLARATION OF ESTIMATED UNINCORPORATED BUSINESS TAX For CALENDAR YEAR 2017 or FISCAL YEAR beginning and ending 2017 Business name Nara G1141g. — NEXT MANAGEMENT LLC ErnpfOyar IdantlaCation NIAINI 13-3495607 In Care of Business DAB Nurrintt• as par FochtlalRa n+ 812990 Business address (number and street) Clung* Ad005.5 — 15 WATTS STREET, 6TH FLOOR City and State NEW YORK NY ZIP Code 10013 Country (if not US) Business Telephone Number 212-925-5100 Taxpayer's Email Address A Payment Amount included with form • Make payable to: NYC Department of Finance A. ayrnan 1. Estimate of 2017 tax 2. Amount to be paid with this declaration (Payable to: NYC DEPARTMENT OF FINANCE) 1. 2. 149060. Signature of taxpayer Tithe Data: To receive proper credit, you must enter your correct Employer Identification Number on your declaration and remittance. DETACH ON DOTTED LINE & MAIL UPPER PORTION. RETAIN LOWER PORTION FOR YOUR RECORDS 05 694952 11.09.16 EFTA00806385

NYC - 5UB NOT9MIONMO: PARTNERSHIP DECLARATION OF ESTIMATED UNINCORPORATED BUSINESS TAX For CALENDAR YEAR 2017 or FISCAL YEAR beginning and ending 2017 Business name Nara en a lg. , NEXT MANAGEMENT LLC F101•5,4•1 lafir.IIIICalltx1NL, i'/ • r 13-3495607 In Care of &olds Code Nunta al as pet Feder Ram 812990 Business address (number and street) go Ma MOMS — 15 WATTS STREET, 6TH FLOOR City and State NEW YORK NY ZIP Code 10013 Country (if not US) Business Telephone Number 212-925-5100 Taxpayer's Email Address A Payment 1. Estimate of 2017 tax Amount included with form • Make payable to: NYC Department of Finance 2. Amount to be paid with this declaration (Payable to: NYC DEPARTMENT OF FINANCE) 2. A. .1).rrgto. ••1110011. 51833. 149060. 51833. Signals. a taxpayat Trio Data To receive proper credit, you must enter your correct Employer Identification Number on your declaration and remittance. DETACH ON DOTTED LINE & MAIL UPPER PORTION. RETAIN LOWER PORTION FOR YOUR RECORDS 05 694852 11.09.16 EFTA00806386

NYC - 5UB NOTYMIONMO: PARTNERSHIP DECLARATION OF ESTIMATED UNINCORPORATED BUSINESS TAX For CALENDAR YEAR 2017 or FISCAL YEAR beginning and ending 2017 Business name Nara G1141g. _ NEXT MANAGEMENT LLC Ernp$0S IclantINallon NIAINI 13-3495607 In Care of BuSinOSS GAO Nurrin.:, as par FochtlalRa n+ 812990 Business address (number and street) Clung* AdOOSS — 15 WATTS STREET, 6TH FLOOR City and State NEW YORK NY ZIP Code 10013 Country (if not US) Business Telephone Number 212-925-5100 Taxpayer's Email Address A Payment Amount included with form • Make payable to: NYC Department of Finance A. aymant n. 37270. 1. Estimate of 2017 tax 2. Amount to be paid with this declaration (Payable to: NYC DEPARTMENT OF FINANCE) 1. 2. 149060. 37270. Signature of taxpayer Tithe Data: To receive proper credit, you must enter your correct Employer Identification Number on your declaration and remittance. DETACH ON DOTTED LINE & MAIL UPPER PORTION. RETAIN LOWER PORTION FOR YOUR RECORDS 05 694952 11.09.16 EFTA00806387

Single member LLCs using SSN as their primary identifier must use Form NYC-202 4. Balance (line 1 less line 3a) 4. 5. Multiply line 4 by the business allocation percentage from line 2 5. 6. Total of lines 3a and 3b 6. 71. Investment income (from page 3, Schedule B. line 30) 7a. 7b. Add allocated investment income, or subtract investment loss, from other partnerships 7b. NYC - 204 Comerritre el Franc UNINCORPORATED BUSINESS TAX RETURN 2016 FOR PARTNERSHIPS (INCLUDING LIMITED LIABILITY COMPANIES) For CALENDAR YEAR 2016 or FISCAL YEAR beginning 01-01-2016,a d ending 12-31-2016 Name Change Address Charge — Name NEXT MANAGEMENT LLC In Care of Address (number and street) 15 WATTS STREET, 6TH FLOOR ‘"NEW YORK 14'4 ,10013 t o il,' eh, 212-925-5100 ZI,',?,r4e,,t' 0 1 - 0 4-89 TAXPAYERS Ella ADDRESS Dully if no) US1 Woburn,' mend in NYC EMPLOYERIOENTIRCATION WESER 13-3495607 NOSINESS CODE INM8kR PS PEI:M(0AL RETURN 812990 CHECK ALL THAT APPLY Entity Type: Dna , PartflerSbaa registered limited ibabaity partnership unload partnership X Pinned liability company Arratdad taken If the purineSe of the amended WW1 IS to report federal Cr State Ching.. chock the appopriaee box rourn . paned operations _ Final Engaged in a ruby exempt union:up:rated business activity Dian any Count -related federal tax benefits (sea instructions) IRS change Data or Final NYS Chance? Determination Federal Return tiled: X yea 1065.8 Engaged In a partially parr, t unincorporated business Kenny Enter 2-character papal Oennallna Code. If OPPlicanie(see instructions) SCHEDULE A A. Payment Amount being paid electronically with this return A. 1. Business ncome (from page 3, Schedule B, line 31) 1. 2. Business allocation percentage from Schedule E. line 5. (if not allocating, enter 100%) 2. 68.08 % 3a. If line 2 is less than 100%. enter income or loss on NYC real property 3a. 3b. Enter allocated business income, or subtract business loss, from other partnerships 3b. 228820. 5188529. 3532351. 228820. Computation of Tax I MGM WITH SCHhOULE 8 ON PACAE3. Caal.tit - ALL VI HUI bt,litOlatb. MANN-ha AreLit./skat AMQUNI b ru blhitOtilt A. PayTelli .11100 1 5188529. 0 . 8. Investment allocation percentage (LoP) (from page 4. Schedule D. line 2) 5. % 9. Multiply line 7a by the LAP from line 8. Add the amount on line 7b 9. 10. Total before NOL deduction 10. 3761171. 11. Deduct NYC net operating loss deduction (from Form NYCNOLPUBTP, line 11) 11. 12. Balance before allowance for active partners' services (Ste 10 less line 11) 12. 3761171. 13. Less: allowance for active partners' services (if line 12 is a loss, enter '0') Number of active partners claimed d 3 . 13. 30000. 14. Balance before specific exemption (line 12 less line 13) 14. 3731171. 15. Less: specific exemption (attach schedule) (if line 12 is a loss, enter '0") IS. 5000. 16. Taxable income (line 14 less line 15) 16. 3726171. 17. Tax before business tax credit (4% of amount on line 16) 17. 149047. 18. Less: business tax credit (select the applicable credit condition from the sch. on page 2 and enter amount) 18. 0 . 19. Total tax before Unincorporated Business Tax paid credit (fine 17 less line 18) 19. 149047. 20. Less: UBT Paid Credit (from Schedule A, fine 3 of attached Form NYC-114.7) 20. 8756. 21. UNINCORPORATED BUSINESS TAX (line 19 less line 20) (if the balance is less than "0'. enter "0") 21. 140291. rs..• \no nvIll 60411605 694001 11-09.16 05 EFTA00806388

Form NYC-204 -2016 Page 2 Name NEXT MANAGEMENT LLC EIN 13-3495607 SCHEDULE A I Computation of Tax -Continued 22a. Credits from Form NYC•114.5 (attach form) 22a. 22b. Credits from Form NYC.114.6 (attach form) 223. 22c. Credits from Form NYC.114.8 (attach form) 22o. 22d. Credits from Form NYC•114.10 (attach font)) 22d. 23. Net tax after credits pine 21 less sum of lines 22a, 22b, 22c and 22d) 23. 24. Payment of estimated tax, including credit from preceding year and payment with extension, NYC•EXT 24. 25. If line 23 is larger than Me 24, enter balance due 25. 26. If Me 23 is smaller than line 24, enter overpayment 28. 27a. Interest 27a. 27b. Additional charges 273. 27c. Penalty for underpayment of estimated tax (attach Form NYC-221) 27o. 28. Total of lines 27a, 27b and 27c 28. 29. Net overpayment (line 26 less line 28) 29. 90. Amount of line 29 to be: (a) Refunded • Direct deposit • fit/ out line 30c OR Paper check 30a. (b) Credited to 2017 estimated tax on Form NYCZUB 303. 30c. Routing Account ACCOUNT TYPE Number Number Checking Savings 91. TOTAL REMITTANCE DUE (see instructions) 31. 92. NYC rent deducted on federal tax return or NYC rent from Schedule E, Part 1. (THIS LINE MUST BE COMPLETED) at 640496. 93. Gross receipts or sales from federal return 33. 20803273. 34. Total assets from federal return 34. 19197540. 140291. 170548. 30257. 30257. 30257. Business Tax Credit Computation 1. If the amount on page 1. line 17. is S3,400 or less, your credit on Ste 18 is the entire amount of tax on line 17. (NO TAX WILL BE DUE) 2. If the amount on page 1. line 17, is $5.400 or over. no credit is allowed. Enter '0" on line 18. 3. If the amount on page 1. line 17, is over $3,400 but less than $5,400, your credit is computed by the following formula: tax on page 1, line 17 X `$5.400 minus tax on line 17) = = your credit $2.000 Payments of Estimated Tax Computation PREPAYMENTS CLAIMED ON SCHEDULE A, LINE 24 DATE AMOUNT A. Payment with declaration, Form NYC-5UB (1) B. Payment with Notice of Estimated Tax Due (2) C. Payment with Notice of Estimated Tax Due (3) D. Payment with Notice of Estimated Tax Due (4) E. Payment with extension, Form NYC-EXT 08-19-16 20200. 01-10-17 20200. F. Overpayment credited from preceding year O. TOTAL of A through F. (Enter on Schedule A, line 24) 9 0 148 . 1 30548 . 60421605 694802 11.09.16 05 EFTA00806389

Form NYC-204 -2016 Page 3 Name NEXT MANAGEMENT LLC SCHEDULE B I Computation of Total Income Part 1 I Items of income, gain, loss or deduction 1. Ordinary income (loss) from federal Form 1065, line 22 or 1065•B, Part I, line 25 1. 2500442. 2. Net income (loss) from all rental real estate activity not included in Form 1065, One 22 or 1065-B, Part I, line 25 but included on federal Schedule K 2. 3. All portfolio income such as Interest• dividends, royalties, annuity income and gain (loss) on the disposition of property not included in Form 1065, line 22 or 1065.8. Part I, One 25, but included on federal Sch. K STMT 4 8. 15968. 4. Guaranteed payments to partners from federal Schedule K 4. 6. Payments to current and retired partners included in other deductions from federal Form 1065, line 20 or 1065-6, Part I, One 23 5. 6. Other income not included in Form 1065, line 22 or 1065.B. Part I, line 25, but included on federal Sch. K 6. 7. Charitable contributions from federal Schedule K 7. 12512. 8. Other deductions included in Form 1065, line 22 or 1065-6, Part I. line 25 and Part II, fine 13, but not allowed for U8T 8. 9. Other income and expenses not included above that are required to be reported separately to partners STMT 3 9. 10. Total federal income (combine lines 1 through 9, do not include line 7) 10. 11. Subtract net income or gain (or add net loss) from rental. sale or exchange of real property situated outside NYC if included in line 10 above (attach schedule) 11. 12. Total Income before New York City modifications (combine line 10 and line 11) Part 2 EIN 13-3495607 New York City modifications (see instructions for Schedule B. part 2) 12. -64523. 2451887. 2451887. SEE ATTACHED K -1S ADDITIONS EIN OR SSN ► PARTNER A PARTNER B PARTNER C TOTAL 13. Au income taxes and Unincorporated Business Taxes 13. 14. (a) Relocation credits 14a. (b) Expenses related to exempt income 14b. (c) Ow. adj. (attach Form NYC-399 and/or NYC-3994 14c. (d) Exempt Activities 14d. 16. Other additions (attach schedules) 15. 16. Total additions (add lines 13 through 15) 16. 13. 128402. 14a. 14b. 14c. 14d. SEE STATEMENT 1 15. 2849572. 16. 2977974. SUBTRACTIONS PARTNER A PARTNER B PARTNER C TOTAL 17. All income tax and Unincorporated Business Tax refunds (included in part 1) 17. 18. Wages and salaries subject to federal Jobs credit (attach fedora( Form 5884) 18. 19. Deur. adj. (attach Form NYC-399 and/or NYC-3992) 19. 20. Exempt income (included ii part 1, line 10) 20. 21. 50% of dividends 21. 22. Exempt Activities 22. 23. Other subtractions (attach schedule) 23. 24. Total subtractions (add lines 17 through 23) 24. 17. 18. 19. 20. 21. 22. SEE STATEMENT 2 23. 228820. 24. 228820. 25. Combine lines 16 and 24 (total) 25. 26. Total income (combine lines 12 and 25) 26. 27. Less: Charitable contributions (not to exceed line 7. or 5% of line 26, whichever is less) 27. 28. Balance (one 26 less line 27) 28. 29. Investment Income • (complete lines a through g below) (a) Dividends from stocks held for investment 29a. (b) Interest from investment capital (Include nonexempt governmental obligations) (itemize on rider) 29b. (c) Net capital gain (loss) from sales or exchanges of securities held for investment 29c. (d) Income from assets included on line 3 of Schedule D 29d. (e) Add lines 29a through 29d inclusive 29e. (f) Deductions directly or indirectly attributable to investment Income 29f. (9) Interest on bank accounts included in income reported on line 29d 255. 30. Investment Income (line 29e less line 29f) (enter on page 1, Sch. A, line 7a) 30. 31. Business income (fine 28 less line 30) (enter here and transfer this amount to page 1, Sch. A, line') 31. 5188529. 2749154. 5201041. 12512. 5188529. 60431605 6946 I 11.09.16 05 EFTA00806390

Form NYC-204 - 2016 Page 4 Name NEXT MANAGEMENT LLC EIN 13-3495607 SCHEDULE C Partnership Information- THIS SCHEDULE MUST BE COMPLETED FOR PARTNERSHIPS TO COMM Al LOWANCE FOR PARTNER'S SERVICES AND FOR PARTNERS TO CLAIM THE UST PAD CREDIT ON THEIR UST. OCT. BCT CC PIT RETURNS. 0 How many partners are in this partnership? —De- I 3 I I Number of active partners —a- I 3 I Please provide the following information: Full Name and Address, Employer Identification Number or Social Security Number, check Yes or No If ndividual partner is a resident of NYC. enter type of partner (C if Corporation. S if S Corporation, I if Individual, P if Partnership. LIP or LLC, Off Other). check the appropriate box if partner is a general or a limited partner. A B C D E F G H I Name and ZIP Code (it within USA) Name and Country (if outside of USA) Interest % Pomon10e° 0, .",,,„, Devoted B in4 Is mammal pamw , Reword 0 Nyos( s„,..) Partner Type Partner (") Employer ickintinc000n Number Sods Security Number Partnor's Castrioutlos Shan Imo mst) Percentage of Dkalbutive Sham Goa Ira) YES NO sys 01 ilIrn (a) % °A (b) % % % (c) % % % (d) % 94 % (e) % % °A SEE STATEMENT NYC SCHEDULE C - PARTNERSHIP INFORMATION TOTALS: 100% SCHEDULE D Investment Capital and Allocation and Cash Election A DESCRIPTION OF INVESTMENT B No. of Shwa; ce C AWirat,4 D Matatios E Net Average Wlue F issuer's Allocation Percentage G valueAIIocatd to NYC (colurrn E X column F) LIST EACH STOCK AND SECURITY AJE.E RIDER F NECESSARC Amount M Socurlbas Value AnTbutoloba to Incstment Capital Mann C name column 0) % 1. Totals (including items on rider) lle 2. Investment allocation percentage (line 1G divided by line 1E. Round to the nearest ne hundredth of a percentage point) 2. % ._ (To at cash as Investment ca011oa 3. Cash • you must include n on tros ins) NO' 4. Investment capital. Total of line le and 3e ile ATTACH FEDERAL FORM 1065 OR 1065-B AND ALL ACCOMPANYING SCHEDULES INCLUDING THE INDIVIDUAL K-1s 60441605 r. 05 EFTA00806391

Form NYC-204 - 2016 Page 5 Name NEXT MANAGEMENT LLC MN 13-3495607 ALLOCATION OF BUSINESS INCOME ALLOCATION Taxpayers who allocate income outside the City: • complete Schedule E, Parts 1,2 and 3 (below) and • Enter percentage rounded to the nearest one hundredth of a percentage point on Sched. A, line 2 NON-ALLOCATION Taxpayers who do not allocate business income: • omit Schedule E. Pans 1 and 2 (below) • enter 100% on Schedule E. Part 3. line 5 and 100% on Schedule A, line 2 SCHEDULE E Complete this schedule if business Is carried on both inside and outside New York City Part 1 List location of each place of business INSIDE New York City, nature of activities at each location (manufacturing, sales office. executive office. public warehouse. contractor, converter. etc.), and number of employees, their wages, salaries and duties at each location. Complete 0460£4 Rent Nature of enemies e r;p1.4 0. wages. Salines. Etc Duties BOOKING & I I 15 WATTS ST 628675. MODEL AGENCY 53 8519446. AD NEW YORK NY 10013 PUBLIC BOOKING & 15 WATTS ST 11821. RELATIONS 2 246911. AD NEW YORK NY 10013 Total OP' 640496. 55 8766357. Part 2 List location of each place of business OUTSIDE New York City, nature of activities a each location (manufacturing. sales office, executive office. public warehouse. contractor, converter, etc.), and number of employees. their wages. salaries and duties at each location. Complete Adeeetes Rent Nature of attunes "71; 0 Wages. Salines. Eta Duties BOOKING & I J 1688 MERIDIAN AVE 116471. OFFICE 9 976440. AD MIAMI FL 33101 BOOKING & BEVERLY 8447 WILSHIRE BLVD 153819. OFFICE 20 2247040. AD HILL ICAI90210 Total Illo 270290. 29 3223480. Part 3 I Formula Basle Allocation of Income 694913 11.09-16 DESCRIPTION OF ITEMS USED AS FACTORS 1. parity a the business (See Ina) IA' a. Business real property owned Ia. b. Business real property rented from others rent x SI lb. e. Business tangible personal property owned lc. d• Bysinsswiaitry prison' Mob mad from Omens x 8) Id. e. Total of lines la • Id le. L Mulffp Column C of line le bt.6.5 11. 2 a. oailyrdorboWeab wen:Veryeb urinwr" 2a. 2 b. 3a. Multiply Column of line 2a by 6.5 2b. 3 a. icykizo ;tr... I I HAW 1. C KIWI) a ‘l la• IMMO leer 3 b. MultiplyColumn C of line 3a by 87 Weighted Factor Allocation 4 a. Add Column C. Ines lf, 2b and 3b owe inoaa by ice it no boots ere missing attitteilielereniiellikialeal46WINCESathe 4 b. present. Enter as percentage. Round to the nearest one hundredth of a percentage VOW Business Allocation Percentage 5. Enter percentage from line 4b. Transfer to page 1, Schedule A. line 2. See instructions 6. IS ANY PLACE OF BUSINESS LISTED IN PARTS 1 AND 2 LOCATED IN A PARTNER'S HOME? 7. DID YOU CLAIM A DEDUCTION FOR EXPENSES OF AN OFFICE IN A PARTNER'S HOME? COLUMN A - NEW YORK CITY COLUMN B - EVERYWHERE 0. 0. 5123968. 7286288. 588100. 721130. 0. 5712068. 8007418. 9011461. 12234940. 14659692. 21743272. . . . . . . . . 3b. 4a. 4b. COLUMN C PERCENTAGE IN NEW YORK CITY (COLUMN A DIVIDED BY COLUMN B) 71.33% 463.65 73.65% 478.73 67.42% 5,865.54 6,807.92 68.08% 5. 68.08% YES X NO YES X NO 60451605 ATTACH FEDERAL FORM 1065 OR 1065-B AND ALL ACCOMPANYING SCHEDULES INCLUDING THE INDIVIDUAL K-1'S 05 EFTA00806392

Form NYC-2O4 - 2016 Page 6 Name NEXT MANAGEMENT LLC SCHEDULEF EIN 13-3495607 If you are taking a Net Operating Loss Deduction this year, please attach Form NYC-NOLD-UBTP. If you have a loss on Page 1, Line 10 which you are carrying forward, please attach Form NYC-NOLD-UBTP and enter that value on Line 6. SCHEDULE G The following information must be entered for this return to be complete I. Nature of business or profession: MODEL AGENCY 2. New York State Sales Tax ID Number: 133495607 3. Did you file a New York City Partnership Return for the following years: ... 2014: X YES — NO 2015: X YES NO If 'NO,' state reason: 4. If business terminated during the current taxable year, state date terminated. torn-eri-ro (Attach a statement showing asposItion 01 two PreParlY./ 6. Has the Internal Revenue Service or the New York State Department of Taxation and Finance Increased or decreased any taxable income reported in any tax period, or are you currently being audited? YES X NO If 'YES,' by whom? Internal Revenue Service State period(s): Beg.: End.: — I:O21321r - RIKr6O777-- New York State Department of Taxation and Finance State period(s): Beg.: End.: — I2121321r — RIKr6O777-- IL Has Form NYC.115 (Report of Federal/State Change in Taxable Income) been filed? Only applicable for years prior to 1/1/15. For years beginning on or after 1/1/15, file an amended return. (see Instructions) YES X NO 7. Did you calculate a depreciation deduction by the application of the federal Accelerated Cost Recovery System (ACRS)? YES X NO 8. Were you a participant in a 'Safe Harbor Leasing" transaction during the period covered by this return? YES X NO 9. At any time during the taxable year. did the partnership have an interest in real property (Including a leasehold interest) located in NYC or in an entity owning such real property? STATEMENT 5 X YES NO 10. If 'YES' to 9: a) Attach a schedule of the property. ndicating the nature Cl the interest and induang the Weer address. borough. block and Sot number. b) Was any NYC real property (including a leasehold interest) or interest in an entity owning NYC real property, acquired or transferred with or without consideration? YES X NO c) Was there a partial or complete liquidation of the partnership? YES X NO d) Was 5O% or more of the partnership ownership transferred during the tax year. over a three-year period, or according to a plan? YES X NO 11. If 'YES' to 1Ob, 1Oc or 1Od, was a Real Property Transfer Tax Return filed? YES NO 12. If 'NO' to 11, explain: 13. Does this taxpayer pay rent greater than $2OO.OOO for any premises in NYC in the borough of Manhattan south of 96th Street for the purpose of carrying on any trade. business, profession, vocation or commercial activity? X YES NO 14. If 'YES.' were all required Commercial Rent Tax Returns filed? X YES NO Please enter Employer Identification Number which was used on the Commercial Rent Tax Return: 13-3495607 60461605 CERTIFICATION WOW tam? mat ma MUM O. incirming any accompanying now. W. al MG Ow5i or N.) n (CV, hied tjr ape never. sue. alfrOCI amp complete I authoeue the Department 01 Finance to *sous* this return with the papaw fisted below. (see imanycnona) YES X I Firm's En Address: GPRESS6SPL -CPA Signature al taxpayer: 11%: Data: am • pr PIN W. PRESS Date:09-12-17 I Firm's EMpleyer Identweation Number Preparers Mowers signerunx nameGARY SACKS PRESS & LACHER PC 600 THIRD AVENUE NEW YORK NY 10016-1901 Firm's name 0.= A Address 'P Cc... MW rang Gilead SOlt.erriPICY0t1 13-3050313 MAILING INSTRUCTIONS Attach federal form 1065 or 1065-6 and all accompanying schedules including the Ind victual K-1s Make remittance payable to the order of NYC DEPARTMENT OF FINANCE. Payment must be made in U.S. dollars and drawn on a U.S. bank. To receive proper credit, you must enter your correct Employer Identification Number on your tax reborn and remittance. The due date for the calendar yen 2016 return is on or before March 15,2017. For fiscal years beginning in 2016, file on or before the 15th day of the third month following the close of the fiscal year. ALL RETURNS EXCEPT REFUND RETURNS NYC DEPARTMENT OF FINANCE UNINCORPORATED BUSINESS TAX P.O. BOX 5564 BINGHAMTON. NY 139026564 REMITTANCES PAY ONLINE WITH FORM NYC-200V AT NYC.GOV/ESERVICES OR Mall Payment and Form NYC-200V ONLY to: NYC DEPARTMENT OF FINANCE P.O. BOX 3933 NEW YORK, NY 10008-3933 RETURNS CLAIMING REFUNDS NYC DEPARTMENT OF FINANCE UNINCORPORATED BUSINESS TM P.O. BOX 5563 BINGHAMTON, NY 139025563 694814 11.09.16 06 EFTA00806393

NEXT MANAGEMENT LLC 13-3495607 NYC 204 OTHER ADDITIONS STATEMENT 1 DESCRIPTION AMOUNT INDIRECT COMPENSATION TO PARTNERS 2,849,572. TOTAL TO FORM 204, SCHEDULE B, PART 2, LINE 15 2,849,572. NYC 204 OTHER SUBTRACTIONS STATEMENT 2 DESCRIPTION AMOUNT PASSTHROUGH ADJUSTMENTS 228,820. TOTAL TO FORM 204, SCHEDULE B, PART 2, LINE 23 228,820. NYC 204 OTHER ITEMS STATEMENT 3 DESCRIPTION AMOUNT SECTION 179 EXPENSE DEDUCTION -64,523. TOTAL TO FORM 204, SCHEDULE B, PART 1, LINE 9 -64,523. NYC 204 PORTFOLIO INCOME STATEMENT 4 DESCRIPTION AMOUNT INTEREST INCOME 15,968. TOTAL TO FORM 204, SCHEDULE B, PART 1, LINE 3 15,968. STATEMENT(S) 1, 2, 3, 4 EFTA00806394

NEXT MANAGEMENT LLC 13-3495607 NYC 204 SCHEDULE G - OTHER INFORMATION REQUIRED STATEMENT 5 NATURE OF INTEREST - ADDRESS, BOROUGH, BLOCK AND LOT NUMBER LEASEHOLD INTEREST STATEMENT(S) 5 EFTA00806395

NYC - 114.7 0,Ntircl tit :11;rip; UBT PAID CREDIT UNINCORPORATED BUSINESS TAXPAYERS ATTACH TO FORM NYC-204 2016 For CALENDAR YEAR 2016 or FISCAL YEAR beginning 01-01-2016 2016 and ending 12-31-2016 V Prim or Type name 04 shown on Form NYC.204 V EMPLOYER CENTIFICATION NUMBER NEXT MANAGEMENT LLC 13-3495607 SCHEDULEAl la. Add total of amounts from Schedule B, line 9, for all partnerships with respect to which you are claiming a credit (see Instructions) lb. Enter amount from Schedule D. line 9 lc. Total of lines la and 1 b 2. Enter amount from Form NYC•204, Schedule A. line 19 3. UBT PAID CREDIT • Enter the lesser of line lc and line 2 and transfer amount to Form NYC•204, Schedule A. line 20 SCHEDULE B A separate Schedule B must be completed for each partnership with respect to which you an claiming this credit. la. lb. lc. 2. 3. 8756. 8756. 149047. 8756. 14-1c of putt,lh Ito Ii TrOrn,:.drittnimme 1/111Col p;;r1mittd:4grvt'..ninirmo; putrin:: TWO TWELVE MANAGEMENT, LLC EMPLOYER IDENTIFCOTION NUMBER OF OCIRIBUTING PARTNERSHIP 20-1354409 1. 2. 3. 4. 6. 6. 7. 8. 9. 22045. 22045. 39.7177 8756. 149047. 139894. 9153. 8756. 1. Unnccrporated business tax paid by distributing partnership (from its Form NYC•204. Schedule A. line 23) 2. Credits taken by distributing partnership on its own return (from its Form NYC204, Schedule A, line 20 and Ines 22a through 22d) (see instructions) 3 Total of lines 1 and 2 4. Your distributive share percentage with respect to the distributing partnership (see Instructions) 5. Multiply line 3 by the percentage on line 4 6. Tax from Form NY0204, Schedule A. line 17, modified if necessary (see instructions) 7. Tax from pro forma Form NYC204, Schedule A, line 17 (see instructions) 8. Subtract line 7 from line 6 9. Enter lesser of line 5 and line 8 here COMPLETE SCHEDULES C AND D IF YOU HAVE UBT PAID CREDITS FROM PRECEDING YEARS THAT YOU MAY CARRY FORWARD TO 2016 SCHEDULE C 1. 7th preceding year percentage la. 2. 6th preceding year percentage 2a. 3. 5th preceding year percentage 3a. 4. 4th preceding year percentage 4a. 5. 3rd preceding year percentage 5a. 6. 2nd preceding year percentage 6a. 7. 1st preceding year percentage 7a. SCHEDULE D (see instructions) current year percentage lb. current year percentage 2b. current year percentage 3b. current year percentage 4b. current year percentage 5b. current year percentage 6b. current year percentage 7b. APPLICABLE YEAR COLUMN A cfacilrwmANamm% COLUMN B COLUMN C c(46ww.,,,,As COLUMN D COLUMN E Croat Conyroni..4 to 901F O06.ron A Woo C0ltron El Of lassos, zero. ootorol 1. Current year 8756. 149047. NA NA 2. 7th preceding year 140291. 3. 6th preceding year 140291. 4. 5th preceding year 140291. 5. 4th preceding year 140291. 6. 3rd preceding year 140291. 7. 2nd preceding year 140291. 8. 1st preceding year 140291. 9. Total Column D. lines 2 th ouqh 8 (enter on Schedule A. line 1b) 9. 694861 11-09.16 NYC. 114.7 2015 61111605 05 EFTA00806396

NYC 114.7 Schedule B and Pro Forma Tax Calculation 2016 Name NEXT MANAGEMENT LLC EIN 13-3495607 Name of Distributing Partnership TWO TWELVE MANAGEMENT, LLC EIN of Distributing Partnership 20-1354409 SCHEDULES Unincorporated business tax paid by distributing partnership (from Form NYC•204, line 23) 1. 22045. Credits taken by distributing partnership on its own return (from Form NYC•204, Schedule A Ines 20. 22a, 22b, 22c and 22d) 2. Total of lines 1 and 2 3. 22045. Your distributive share percentage with respect to the disUibuting partnership (from distributing partnership's Form NYC•204, Schedule C) 4. 39.717696 % Product of line 3 and line 4 5. 8756. Tax from NYC•204, Schedule A. line 17 (modified if necessary) 6. 149047. Tax from pro forma Form NYC-204, Schedule A. line 17 7. 139894. Subtract line 7 from line 6 8. 9153. Enter lesser of line 5 and line 8 9. 8756. PRO FORMA FORM NYC-204 TAX CALCULATION Business income (from page 2, Schedule B, line 31) 1. 5188529. Business allocation percentage from Schedule E, line 5 (1 not allocating, enter 100%) 2. 68.0800% If fine 2 is less than 100%. enter income or loss on NYC real property 3a. 0. Enter allocated business income, or subtract business loss, from other partnerships 3b. 0. Balance (line 1 less line 3a) 4. 5188529. Multiply line 4 by the business allocation percentage from Me 2 5. 3532351. Total of lines 3a and 3b 6. 0. Investment income (from page 3, Schedule B, line 30) 7a. 0. Add allocated investment income, or subtract investment loss from other partnerships 7b. 0. Investment allocation percentage (LAP) (from page 4. Schedule D. line 2) 8. 68.0800% Multiply line 7a by the LAP from line 8. Add the amount on line 7b 9. 0. Total before NOL deduction 10. 3532351. Deduct NYC net operating loss deduction (from Form NYCNOLPUBTP, line 11) 11. 0. Balance before allowance for active partners' services (line 10 less line 11) 12. 3532351. Less: allowance for active partners' services Of line 12 is a loss, enter '0') Number of active partners claimed 13. 30000. Balance before specific exemption (line 12 less line 13) 14. 3502351. Less: specific exemption (attach schedule) (if line 12 is a loss, enter '0') 15. 5000. Taxable income pine 14 less line 15) 16. 3497351. Tax before business tax credit (4% of amount on line 16) 17. 139894. 694271 01-15-17 EFTA00806397

NYC - 221 Dtairt-luaF'firt)r):t UNDERPAYMENT OF ESTIMATED UNINCORPORATED BUSINESS TAX ATTACH TO YOUR TAX RETURN 2016 For CALENDAR YEAR 2016 or FISCAL YEAR beginning 01-01-2016 ,and ending 12-31-2016 Print or Type • Name NEXT MANAGEMENT LLC SOCIAL SECURITY MJMBER PAFONEFISHIPS. ESTATES AND TRUSTS ONLY ENTER EMPLOYER IDENTIFICATION NUMBER OR 13-3495607 Computation of Underpayment 1. 2016 tax (from NYC-202 or NYC-2028N, Schedule A, line 19; NYG204, Schedule A, line 21; or hP(0202S, Schedule A, line 8) 1. 140291. 2. Credits (from NYC-202 or NYC-202EIN, Schedule A, lines 20a, 20b. 20c and 20d or NYC-204, Schedule A, lines 22a, 22b, 22c and 22d) 2. 3. Line 1 less line 2 3. 140291. 4. 90% of line 3 4. 126262. Enter quarterly due dates of installments lo— 1- FIRST 2- SECOND 8- THIRD 4- FOURTH 06-15-16 i I 04- 18 - 16 i 09-15-16 I 01-17-17 5, Divide amount of line 4 by the number of installments required for the year. Enter _ the result the appropriate columns • • • 4). 6. Amount paid or credited for each period 6. 7. Overpayment of previous installment 7. 8. Total of lines 6 and 7 8. 9. Overpayment (line 8 less line 5) 9. 10. Underpayment pine 5 less line 8) 10. 31565 . 31566 . 31565 . 31566 . 90148. 20200. 20200. 58583 . 27017 . 15652 . 90148. 58583. 47217. 35852. 58583. 27017. 15652. 4286. —> COMPUTATION CONTINUES ON PAGE 2 [ Exceptions that Avoid the Underpayment Penalty I Total cumulative amount paid or credited from the beginning of the taxable year through the installment dates that correspond to the 15th day of the 4th. 6th and 9th months of the taxable year and the 15th day of the first month of the succeeding taxal3le year AEXCEPTION I. . Mx wigs ay (2016) I •24 130319. i - FIRST QUARTER 2- SECOND OUARIFR 3. THIRD QUARTER 4. FOURTH MARTHA 90148. 90148. 110348. 130548. 25% at 2015 tax 32580. 50% ol 2015 tax 65160. 75% 012015 tax 97739. 100% or 2013 tax 130319. • EXCEPTION 2 - Tax on prior year's facts and law using 2016 rates (attach computation) • EXCEPTION 3 - Tax on annualized 2016 income (attach computation) • EXCEPTION 4 - Tax on 2016 income over short periods (attach computation) • EXCEPTION 5 - Tax on recurring seasonal 2016 income (attach computation) Enter 25% of tax Enter 50/6 01 tax Ent,' 75% 0 tax Enter 100% of T. ante 22.50% ot tax Enter 4596 0 tax Enter 67.50% 01 tax Enter MO of tax Erna 004 01 tax Ent,' 90% 44 tax EXCEPTION MET 60611605 694481 114)10-16 YES YES YES YES NYC-2212010 05 EFTA00806398

Form NYC-221- 2016 NEXT MANAGEMENT LLC 13-3495607 Page 2 COMPUTATION OF PENALTY t• FIRST 2- SECOND 1 06-15-16 3- 11661) 4. FODIRDI 09-15-16 04-18-16 01-17-17 11. Enter the date of payment a the 15th day of the 4th month after the close of the taxable year. whichever is sailer 11 12. Number of days from due date of instalment to the date shown on line 11 13. Ntenbot of days on lane 12 ands 4/15/2016 and betas 7/1/2016 14. Number of days on line 12 after 6/30/2016 and before 10/1/2016 14. 15. Number of days on line 12 alter 9/30/2016 and before 1/1/2017 IS. 16. Number of days on line 12 after12/31/2016 and before 4/1/2017 16. 17. Number of days on line 12 after 3/31/2017 and before 7/1/2017 17. 18. Number of days on line 12 after 6/30/2017 and before 10/1/2017 18. 19. Number of days on line 12 alter 9/30/2017 and before 1/1/2018 19. 20. Ntenbot of days on line 12 alW 1241/2017 and before 5/1512018 12. 13. 20. 21. Number of days on line 13 x 8% x amount on line 10 366 21. 22. Number of days on line 14 x 8% x amount on line 10 366 23. Number of days on line 15 x 8% x amount on line 10 366 22. 23. 24. Number of days on line 16 x15 x amount on line 10 365 24. 25. Number of days on line 17 x x amount ai line 10 365 25. 26. Number of days on line 18x'% x amount ai line 10 365 26. 27. Number of days on line 19 x 16 x amount on line 10 365 27. 28. Number of days on line 20 x •96 x amount on line 10 365 28. 29. Add IMes 21 through 28 29. 30. To complete this line, refer to the instructions for line 30 30. 31. Add the amounts on line 29 (or line 30, if applicable) for quarters through 4. Enter total and transfer amount to Form NYC-202 or NYC-202EIN, Schedule A, line 25c or Form NYC-204, Schedule A, line 27c (see instructions (or line 30) 31. 60521605 'For Information regarding interest rates, call 311. If calling from outside of the five NYC boroughs, please call 212-NEW-YORK (212-639-9675). You may also consult the Department of Finance website at nyc.gov/finance 694482 11.09.16 05 EFTA00806399

NYC Schedule C - Partnership Information Partnership Name NEXT MANAGEMENT LLC Partnership. Number 13-3495607 Name and Address Resident of NYC Partner CLAXON INC C/O NEXT MANAGEMENT LLC X Yes No Number Werest% 15 WATTS STREET PartnerType 1 42.0000000% NEW YORK, NY 10013 CORPORATION General Limited Partner's Identification Percentage of Time Partner's Partner's Partner Number Devoted to Business Distributive Share Distributive Pet X 13-3508513 2,179,183. 42.000016% Name and Address Resident of NYC Partner PARTNERSHIP HOLDING CORP. C/O NEXT MA X Yes No Number Interest% 15 WATTS STREET PaMerType 2 31.0000000% NEW YORK, NY 10013 SCORPORATION General Limited Partner's Identification Percentage of Time Partner's Partner's Partner Number Devoted to Business Distributive Share Distributive Pet X 13-3501977 1,608,443. 30.999981% Name and Address Resident of NYC Partner THE WILCOR GROUP INC C/O NEXT MANAGE X Yes No Number Interest % 15 WATTS STREET PaMerType 3 27.0000000% NEW YORK, NY 10013 SCORPORATION General Limited Partner's Identification Percentage of Time Partner's Partner's Partner Number Devoted to Business Distributive Share Distributive Pet X 13-3682060 1,400,903. 27.000003% Name and Address Resident of NYC Partner Yes — No Number Interest % Partner Type General Limited Partners Identification Percentage of Time Partners Partners Partner Number Devoted to Business Distributive Share Distributive Pet Name and Address Resident of NYC Partner Yes — No Number Interest % Partner Type General Limited Partners Identification Percentage of Time Partners Partners Partner Number Devoted to Business Distributive Share Distributive Pet 694441 04.01.16 13 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806400

NEW YORK CITY SCHEDULE K-1 EQUIVALENT Beginning Partner's New York City Information For Calendar Year 2016 or Fiscal Year 2016; and Ending 2016 Partners Name. Address a d ZIP Code CLAXON INC C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 Partner Number 1 Partner's Identifying Number 13-3508513 Resident Nonresident Amended Schedule K-1 Q Final Schedule K-1 Partnership's Name, Address and ZIP Code NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK NY 10013 Partnership's Identifying Number 13-3495607 Partner's Percentage of Ownership 42.0000000% Profit and Loss 42.0000000% % of time devoted Time devoted % of Total Distributive Shares 42.000016% ITEMS OF BUSINESS INCOME, GAIN, LOSS OR DEDUCTION 1 Ordinary income (loss) 1 1050186. 2 Net income (loss) from ALL rental real estate activity not included in line 1 2 3 All portfolio income such as interest, dividends. royalties, annuity income and gain (loss) on the disposition of property held for investment not included In line 1 and line 2 3 6707. 4 Guaranteed payments to partners 4 5 Payments to retired partners included in other deductions from federal Form 1065 5 6 Other income not included in lines 1.2 and 3 6 7 Charitable contributions I 7 I 5255. 8 Other deductions not included in lines 1.2 and 3 8 9 Other items and amounts not included above that are required to be reported separately to partners STMT 9 -27100. 10 Total income (combine lines 1 through 9.00 NOT INCLUDE LINE 7) 10 1029793. II Subtract (If loss. add) net income from rental or gain from sale or exchange of real property situated outside New York Cit if included in line 10 above 11 12 Total income before New York City modifications (combine line 10 and line 11) 12 102979 . NEW YORK CITY MODIFICATIONS Additions 13 All income taxes and unincorporated business taxes 13 53929. 14 (a) Relocation credits 14a (b) Expenses related to exempt income 14b (c) Depreciation adjustments 14c (d) Exempt activities 14d 15 Other additions SEE STATEMENT 15 1196820. 16 Total additions (add lines 13 through 15) 16 1250749. Subt actions 17 All income taxes and unincorporated business tax refunds 17 18 Wages and salaries subject to federal jobs credit 18 19 Depreciation adjustments 19 20 Exempt income included in Part I. line 10 20 21 50% of dividends 21 22 Exempt activities 22 23 Other subtractions SEE STATEMENT 23 96104. 24 Total subtractions (add lines 17 through 24) 24 96104. 694821 04.01-16 14370912 758404 PNEXT100 14 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806401

NEXT MANAGEMENT LLC 13-3495607 NYC SCHEDULE K-1 OTHER ADDITIONS TO INCOME DESCRIPTION AMOUNT INDIRECT COMPENSATION TO PARTNERS 1,196,820. TOTAL TO SCHEDULE K-1, LINE 15 1,196,820. NYC SCHEDULE K-1 OTHER SUBTRACTIONS FROM INCOME DESCRIPTION AMOUNT PASSTHROUGH ADJUSTMENTS 96,104. TOTAL TO SCHEDULE K-1, LINE 23 96,104. NYC SCHEDULE K-1 UBT PAID CREDIT INFORMATION DESCRIPTION UBT PAID NYC 204, SCHEDULE A, LINE 23 CREDITS TAKEN NYC 204, SCHEDULE A, LINES 20, 22A, 22B, 22C & 22D PARTNER'S PARTNER'S TOTAL DISTRIB. % SHARE (A) (B) (A) X (B) 140,291. 42.000016 8,756. 42.000016 58,922. 3,678. NYC SCHEDULE K-1 OTHER ITEMS DESCRIPTION AMOUNT SECTION 179 EXPENSE DEDUCTION -27,100. TOTAL TO SCHEDULE K-1, LINE 9 -27,100. 14370912 758404 PNEXT100 15 PARTNER NUMBER 1 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806402

NEW YORK CITY SCHEDULE K-1 EQUIVALENT Beginning Partner's New York City Information For Calendar Year 2016 or Fiscal Year , 2016; and Ending 2016 Partners Name. Address a d ZIP Code PARTNERSHIP HOLDING CORP. C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 Partner Number 2 Partner's Identifying Number 13-3501977 Resident Amended Schedule K-1 Nonresident Final Schedule K-1 Partnership's Name, Address and ZIP Code NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK NY 10013 Partnership's Identifying Number 13-3495607 Partner's Percentage of Ownership 31.0000000% Profit and Loss 31.0000000% % of time devoted Time devoted % of Total Distributive Shares 30.999981% ITEMS OF BUSINESS INCOME, GAIN, LOSS OR DEDUCTION 1 Ordinary income (loss) 1 775137. 2 Net income (loss) from ALL rental real estate activity not included in line 1 2 3 All portfolio income such as interest, dividends. royalties, annuity income and gain (loss) on the disposition of property held for investment not included in line 1 and line 2 3 4950. 4 Guaranteed payments to partners 4 5 Payments to retired partners included in other deductions from federal Foim 1065 5 6 Other income not included in lines 1.2 and 3 6 7 Charitable contributions I 7 I 3879. 8 Other deductions not included in lines 1.2 and 3 8 9 Other items and amounts not included above that are required to be reported separately to partners STMT 9 -20002. 10 Total income (combine lines 1 through 9.00 NOT INCLUDE LINE 7) 10 760085. 11 Subtract (If loss. add) net income from rental or gain from sale or exchange of real property situated outside New York City if included in line 10 above 11 12 Total income before New York City modifications (combine line 10 and line 11) 12 760085. NEW YORK CITY MODIFICATIONS Additions 13 All income taxes and unincorporated business taxes 13 39804. 14 (a) Relocation credits 14a (b) Expenses related to exempt income 14b (c) Depreciation adjustments 14c (d) Exempt activities 14d 15 Other additions SEE STATEMENT 15 883368. 16 Total additions (add lines 13 through 15) 16 923172. Subt actions 17 All income taxes and unincorporated business tax refunds 17 18 Wages and salaries subject to federal jobs credit 18 19 Depreciation adjustments 19 20 Exempt income included in Part I. line 10 20 21 50% of dividends 21 22 Exempt activities 22 23 Other subtractions SEE STATEMENT 23 70935. 24 Total subtractions (add lines 17 through 24) 24 70935. 694821 04.01-16 14370912 758404 PNEXT100 16 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806403

NEXT MANAGEMENT LLC 13-3495607 NYC SCHEDULE K-1 OTHER ADDITIONS TO INCOME DESCRIPTION AMOUNT INDIRECT COMPENSATION TO PARTNERS 883,368. TOTAL TO SCHEDULE K-1, LINE 15 883,368. NYC SCHEDULE K-1 OTHER SUBTRACTIONS FROM INCOME DESCRIPTION AMOUNT PASSTHROUGH ADJUSTMENTS 70,935. TOTAL TO SCHEDULE K-1, LINE 23 70,935. NYC SCHEDULE K-1 UBT PAID CREDIT INFORMATION DESCRIPTION UBT PAID NYC 204, SCHEDULE A, LINE 23 CREDITS TAKEN NYC 204, SCHEDULE A, LINES 20, 22A, 22B, 22C & 22D PARTNER'S PARTNER'S TOTAL DISTRIB. % SHARE (A) (B) (A) X (B) 140,291. 30.999981 8,756. 30.999981 43,490. 2,714. NYC SCHEDULE K-1 OTHER ITEMS DESCRIPTION AMOUNT SECTION 179 EXPENSE DEDUCTION -20,002. TOTAL TO SCHEDULE K-1, LINE 9 -20,002. 14370912 758404 PNEXT100 17 PARTNER NUMBER 2 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806404

NEW YORK CITY SCHEDULE K-1 EQUIVALENT Beginning Partner's New York City Information For Calendar Year 2016 or Fiscal Year , 2016; and Ending 2016 Partners Name. Address a d ZIP Code THE WILCOR GROUP INC. C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 Partner Number 3 Partner's Identilying Number 13-3682060 Resident Amended Schedule K-1 Nonresident Final Schedule K-1 Partnership's Name, Address and ZIP Code NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK NY 10013 Partnership's Identifying Number 13-3495607 Partner's Percentage of Ownership 27.0000000% Profit and Loss 27.0000000% % of time devoted Time devoted % of Total Distributive Shares 27.000003% ITEMS OF BUSINESS INCOME, GAIN, LOSS OR DEDUCTION 1 Ordinary income (loss) 1 675119. 2 Net income (loss) from ALL rental real estate activity not included in line 1 2 3 All portfolio income such as interest, dividends. royalties, annuity income and gain (loss) on the disposition of property held for investment not included in line 1 and line 2 3 4311. 4 Guaranteed payments to partners 4 5 Payments to retired partners included in other deductions from federal Foim 1065 5 6 Other income not included in lines 1.2 and 3 6 7 Charitable contributions I 7 I 3378. 8 Other deductions not included in lines 1.2 and 3 8 9 Other items and amounts not included above that are required to be reported separately to partners STMT 9 -17421. 10 Total income (combine lines 1 through 9.00 NOT INCLUDE LINE 7) 10 662009. II Subtract (If loss. add) net income from rental or gain from sale or exchange of real property situated outside New York City if included in line 10 above 11 12 Total income before New York City modifications (combine line 10 and line 11) 12 662009. NEW YORK CITY MODIFICATIONS Additions 13 All income taxes and unincorporated business taxes 13 34669. 14 (a) Relocation credits 14a (b) Expenses related to exempt income 14b (c) Depreciation adjustments 14c (d) Exempt activities 14d 15 Other additions SEE STATEMENT 15 769384. 16 Total additions (add lines 13 through 15) 16 804053. Subt actions 17 All income taxes and unincorporated business tax refunds 17 18 Wages and salaries subject to federal jobs credit 18 19 Depreciation adjustments 19 20 Exempt income included in Part I. line 10 20 21 50% of dividends 21 22 Exempt activities 22 23 Other subtractions SEE STATEMENT 23 61781. 24 Total subtractions (add lines 17 through 24) 24 61781. 694821 04.01-16 14370912 758404 PNEXT100 18 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806405

NEXT MANAGEMENT LLC 13-3495607 NYC SCHEDULE K-1 OTHER ADDITIONS TO INCOME DESCRIPTION AMOUNT INDIRECT COMPENSATION TO PARTNERS 769,384. TOTAL TO SCHEDULE K-1, LINE 15 769,384. NYC SCHEDULE K-1 OTHER SUBTRACTIONS FROM INCOME DESCRIPTION AMOUNT PASSTHROUGH ADJUSTMENTS 61,781. TOTAL TO SCHEDULE K-1, LINE 23 61,781. NYC SCHEDULE K-1 UBT PAID CREDIT INFORMATION DESCRIPTION UBT PAID NYC 204, SCHEDULE A, LINE 23 CREDITS TAKEN NYC 204, SCHEDULE A, LINES 20, 22A, 22B, 22C & 22D PARTNER'S PARTNER'S TOTAL DISTRIB. % SHARE (A) (B) (A) X (B) 140,291. 27.000003 8,756. 27.000003 37,879. 2,364. NYC SCHEDULE K-1 OTHER ITEMS DESCRIPTION AMOUNT SECTION 179 EXPENSE DEDUCTION -17,421. TOTAL TO SCHEDULE K-1, LINE 9 -17,421. 14370912 758404 PNEXT100 19 PARTNER NUMBER 3 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806406