EFTA01192499.pdf

BLACK FAMILY GROUP LIQUIDITY TERMS - HEDGE FUNDS APR 30. 2014 Liquidity Terms Subject to Investor Investment Frequency Notice Limit Lock-Up NON-APOLLO Black Family Partners Anchorage Capital Partners, L.P. Annually (Anniversary: 6/30) 90 days None No Black Family 1997 Trust Buckingham RAF Partners, L.P. Annually (Calendar) 30 days None No Black Family Partners Canyon Value Realization Fund, L.P. Annually (Calendar) 90 days None No Black Family Partners Lone Cascade, L.P. Quarterly (Calendar) 30 days None No Black Family Partners Millennium Group USA LP Quarterly (Calendar) 90 days Greater of 17.5% or $150M No APOLLO Black Family Partners Apollo SOMA Co-Investors. LLC APOLLO TO CONFIRM Black Family Partners Apollo VIF Co-Investors, LLC APOLLO TO CONFIRM EFTA01192499