o Subject: RE: Attached are balance sheets from QB — as they are not month end, the values of investments are for most recent valuation statement. APO 1 owns LDB 2011 LLC; APO 2 owns LBF Holdings. From: jeffrey E. Imailto:[email protected] Sent: Saturday, November 21, 2O15 6:14 AM To: Ada Clapp

o Subject: RE: Attached are balance sheets from QB — as they are not month end, the values of investments are for most recent valuation statement. APO 1 owns LDB 2011 LLC; APO 2 owns LBF Holdings. From: jeffrey E. [email protected] Sent: Saturday, November 21, 2015 6:14 AM To: Ada Clapp

EET_1122015.pdf Attached are balance sheets from QB — as they are not month end, the values of investments are for most recent valuation statement. APO 1 owns LDB 2011 LLC; APO 2 owns LBF Holdings. From: jeffrey E. [[email protected]] Sent: Saturday, November 21, 2015 6:14 AM To: Ada Clapp

EET_1122015.pdf Attached are balance sheets from QB - as they are not month end, the values of investments are for most recent valuation statement. APO 1 owns LDB 2011 LLC; APO 2 owns LBF Holdings. From: jeffrey E. [[email protected]] Sent: Saturday, November 21, 2015 6:14 AM To: Ada Clapp

o Subject: RE: Attached are balance sheets from QB — as they are not month end, the values of investments are for most recent valuation statement. APO 1 owns LDB 2011 LLC; APO 2 owns LBF Holdings. From: Jeffrey E. [mailto:[email protected] Sent: Saturday, November 21, 2015 6:14 AM To: Ada Clap

PM To: jeffrey E. Subject: Children's 2011 Trusts Children's 2011 Trusts sold LDB 2011 LLC to AP= 1. Each 2011 trust has a note receivable from APO 1. Interest paid June 30 2015: BEB 2011 $248K .IMB 2011 $439K ASB 2011 $439K VRB 2011 $439K These notes are not trapped — Query if the not=s held