Notes and Loans Receivable 104,503,126 104,503,126 4.0% Other Assets 985,885 1,028,281 0.0% Personal Assets 121,490,705 121,490,705 4.7% Zuckerman Personal Holdings 80,500,000 80,500,000 3.1% Real Property tt Options 80,827,852 80,827,852 3.1% Total Non-Policy Assets $1,975,592,250 $1,993,676,295 77.1%

n $48,864 An, Furniture and Other - Lazy Z $75,073 Hampton Golf Club, LLC $309,581 Lexus LX470-1999 $25,275 Mercedes Benz 5430-2001 937,495 Zuckerman Personal Holdings $80,500,000 BR, Inc - ("Lazy 2" Motor Yacht) $25,000,000 USN Aviation - (ZWA, Inc.) $44,000,000 ZAS, LLC- (Waldorf Flight Services) $11,500,00

348,864 Art, Furniture and Other - Lazy 2 375,073 Hampton Golf Club, LLC $309,581 Lexus LX470-1999 325,275 Mercedes Benz S430-2001 $37,495 Zuckerman Personal Holdings 380,500,000 BR, Inc - ("Lazy 2" Motor Yacht) 325,000,000 USN Aviation - (ZWA, Inc.) 344,000,000 2AS, LLC- (Waldorf Flight Services) 311,500,00