EFTA00670560.pdf

BLACK FAMILY PARTNERS USE TO PAY CAPITAL CALLS CASH PROJECTIONS ITALICS = NOT PAID/ PREPARED BY R 10SLIN FY 2014 FY 2015 FY 2015 FY 2015 FY 2015 P12015 FY 2015 FY 2015 FY 2015 FY 2015 DEC 23 2014 DEC JAN FEB MAR APR MAY JUN JULY AUG SEP APO APO APO APO APO DISTRIB DISTRIB DISTRIB DISTRIB DISTRIB 12/15/2014 2/28/2015 4/14/2015 5/7/2015 8/7/2015 CASH -SOFA 0135 28,209,782 12/22 CASH -IPM 2008 187,136 12/22 INFLOWS APO DISTRIBUTION PER SH S S 0.70 $ 0.30 S 0.42 $ 0.42 APO DISTRIBUTION - $ 10,528,641 64,909,015 27,818,150 38,945,410 38,945,410 TRA 24,470,699 DISTRIBUTION TO OWNERS (10,528,641) (64,909,015) (52,288,849) (38,945,410) (38,945,410) NET WITHHELD BY BFP APOLLO CO-INVESTORS V LLC 52,299 APOLLO CO-INVESTORS VI (A) LLC 5,444,854 HERITAGE 504,887 TIMBER SALE 15,704,910 KNOWLEDGE UNIVERSE LIQUIDATION 4,000,000 KNOWLEDGE UNIVERSE LIQUIDATION - PROPCO DIVIDEND - AINV 120,726 120,726 120,726 WCP DISTRIB REDEMPTION - LOAN CASCADE 10,000,000 REPAYMENT OF PHAIDON LINE 13,350,000 REPAYMENT OF PLB LOAN 3,200,000 DISTRIBUTION TO OWNERS (5,444,854) DISBURSEMENTS FCI II CAPITAL CALL (5,000,000) COF III CONINVEST III CAPITAL CALL (896,734) (2,500,000) (2,500,000) ATHENE CAPITAL CALL (41,600,000) TENFORE CAPITAL CALL (44,433) (250,000) (250,000) ADVISORY FEE REPAY LOAN TO LDB (10,538,000) LOAN TO PHAIDON GLOBAL FAMILY OFFICE (250,000) (366,667) (366,667) (366,667) (366,667) (366,667) (366,667) (366,667) (366,667) (366,667) NET CASH BY MONTH 4,028,042 21,808,947 883,333 (41,966,667) 2,745,940 (366,667) (366,667) 245,940 616,667) (366,667) CASH BALANCE 17,387,543 39,196,490 40,079,823 (1,886,844) (4,632,784) (4,999,451) (5,366,117) (5,612,057) (6,228,724) (6,595,391) RESIDUAL FUNDING OF ATHENE - MAY BORROW FROM LDB 2014 LLC Page 1 of 2 EFTA00670560 BLACK FAMILY PARTNERS CASH PROJECTIONS PREPARED BY R 1OSLIN FY 2015 FY 2015 FY 2015 DEC 23 2014 TOTAL OCT NOV DEC APO DISTRIB 11/7/2015 CASH -SOFA 0135 CASH -IPM 2008 INFLOWS APO DISTRIBUTION PER SH S 0.42 APO DISTRIBUTION - $ 38,945,410 209,563,394 TRA 24,470,699 DISTRIBUTION TO OWNERS (38,945,410) (234,034,093) NET WITHHELD BY BFP APOLLO CO-INVESTORS V LLC APOLLO CO-INVESTORS VI (A) LLC HERITAGE 504,887 TIMBER SALE KNOWLEDGE UNIVERSE LIQUIDATION 4,000,000 KNOWLEDGE UNIVERSE LIQUIDATION - PROPCO 5,000,000.00 5,000,000 DIVIDEND - AINV 120,726 482,906 WCP DISTRIB REDEMPTION - LOAN CASCADE 10,000,000 REPAYMENT OF PHAIDON LINE 13,350,000 REPAYMENT OF PLB LOAN 3,200,000 DISTRIBUTION TO OWNERS DISBURSEMENTS FCI II CAPITAL CALL (5,000,000) COF III CONINVEST III CAPITAL CALL (5,000,000) ATHENE CAPITAL CALL (41,600,000) TENFORE CAPITAL CALL (500,000) ADVISORY FEE REPAY LOAN TO LOB LOAN TO PHAIDON GLOBAL FAMILY OFFICE (366,667) (366,667) (366,667) (4,400,000) NET CASH BY MONTH 4,754,060 (366,667) (366,667) CASH BALANCE (1,841,331) (2,207,998) (2,574,664) (19,962,207) RESIDUAL FUNDING OF ATHENE - MAY BORROV Page 2 of 2 EFTA00670561