EFTA00603461.pdf

EMPIRE VALUATION CONSULTANTS, at PRIVATE & CONFIDENTIAL April 8, 2014 Leon Black, Trustee of APO1 GRAT (9 c/o Elysium Management Lf‘ A ( 111(C( 445 Park Avenue, Suite 1401 New York NY 10022 Our Reference: (Please include our reference number on your check.) Empire Valuation Consultants E1N INVOICE For services rendered in connection with the preparation of a valuation report to estimate the fair market value of a 37.75% limited partnership interest in Black Family Partners, LP as of October 25, 2013. $14,000 Less Retainer ($ 7,000) Out-Of-Pocket Expenses $ 450 Balance Due Please make your check payable to Empire Valuation Consultants, LLC and remit to the address below. 777 Canal Vicw Blvd., Suite 200, Rochester. NY 14623 Tel: New York • Cleveland • Rochester West Hantord EFTA00603461 EMPIRE VALUATION CONSULTANTS, ac PRIVATE & CONFIDENTIAL July 22, 2014 Leon Black, Trustee of APO1 GRAT do Elysium Management 445 Park Avenue, Suite 1401 t New York NY 10022 pa") 7k,( IVA (— Our Reference: (Please include our reference number on your check.) Empire Valuation Consultants EIN INVOICE c.DsZ For services rendered in connection with e preparation of a valuation report to estimate the fair market value of a 2.5 % limited partnership interest in Black Family Partners, LP as of January 24, 2014. $8,000 Out-Of-Pocket Expenses $ 450 Balance Due $8.450 Please make your check payable to Empire Valuation Consultants, LLC and remit to the address below. 777 Canal View Blvd., Suite 200, Rochester, NY 14623 Tel: New York • Cleveland • Rochester • West Hartford EFTA00603462 EMPIRE VALUATION CONSULTANTS.= PRIVATE & CONFIDENTIAL September 24, 2014 Leon Black, Trustee of APOI GRAT c/o Elysium Management 445 Park Avenue, Suite 1401 New York NY 10022 A 0.rNis kthen c_ Our Reference: (Please include our reference number on your check) Empire Valuation Consultants EIN INVOICE For services rendered in connection with the preparation of a valuation report to estimate the fair market value of a 2.4038% limited partnership interest in Black Family Partners, LP as of April 24, 2014. $9,000 Out-Of-Pocket Expenses $ 560 Balance Due $9,560 Please make your check payable to Empire Valuation Consultants, LLC and remit to the address below. 777 Canal View Blvd., Suite 200, Rochester, NY 14623 Tel: New York • Cleveland • Rochester • West Hanford EFTA00603463 EMPIRE VALUATION CONSUL TANTS, tic PRIVATE & CONFID ENTIAL November 18, 2014 Leon Black, Trustee of APOI GRAT No. 1 c/o Elysium Management 445 Park Avenue, Suite 14 01 New York NY 10O22 Our Reference: (Please include our refere nce number on your check Empire Valuation Consultants .) EN INVOICE For services rendered in connection with the prepa estimate the (Mr market ration of a valuation report value of a 3.5009% limite to Family Partners, LP as of d partnership interest in July 24, 2014. Black $8,000 Out-Of-Pocket Expenses $ 475 Balance Due Please make your check payable to Empire Valua remit to the address below tion Consultants, LLC . and 777 Canal View Blvd., Su ite 200, Rochester, NY 146 New York 23 Tel: • Cleveland • Rochester • West Hartford EFTA00603464 EMPIRE VALUATION CONSULTANT S, 'lc PRIVATE & CONFIDEN TIAL November 24, 2014 Leon Black, Trustee of APO1 DRAT No. 1 c/o Elysium Management 445 Park Avenue, Suite 1401 New York NY 10022 Our Reference: (Please include our reference number on your check.) Empire Valuation Consult ants EIN INVOICE For services rendered in connec tion with preparation of a valuation rep estimate the fair market value ort to of a 5.936'9% limited partnersh Family Partners, LP as of Oc ip interest in Black tober 24, 2014. $8,000 Out-Of-Pocket Expenses $ 475 Balance Due Li 475. Please make your check pay able to Empire Valuation Co remit to the address below nsultants, LLC and . 777 Canal View Blvd.. Suit 200 e , Rochester, NY 14623 New York Tel: • Cleveland • Rochester • West Hartford EFTA00603465 EMPIRE VALUATION CONSULTANTS, L.Lc PRIVATE & CONFIDENTIAL October 15, 2015 Leon Black, Trustee of APO1 GRAT No. 1 c/o Elysium Management 445 Park Avenue, Suite 1401 New York NY 10022 Our Refe►ence: (Please include this number on your check.) Empire Valuation Consultants EIN FINAL INVOICE For services rendered in connection with the preparation of valuation reports to estimate the fair market value of various limited partnership interests in Black Family Partners, LP. Valuation as of January 24, 2015 $ 8,000 Out-Of-Pocket Expenses $ 475 Valuation as of April 24, 2015 $ 8,000 Out-Of-Pocket Expenses $ 475 Valuation as of July 24, 2015 $ 8,000 Out-Of-Pocket Expenses $ 475 Balance Due $25.425 Please make your check payable to Empire Valuation Consultants, LLC and remit to the address below. We appreciate your business. Determining the value of your business interests or intangible assets is a task we've taken very seriously for more than 25 years. Count on us to bring excellence and integrity to every valuation engagement. Our services include: Estate & Gift Tax Reporting Mergers & Acquisitions ESOP & ERISA Advisory Financial & SEC Reporting Intellectual Property and much more Corporate Planning Fairness & Solvency Opinions Hedge Fund & Private Equity Fair Value Fund Assurance Reviews 777 Canal View Blvd., Suite 200, Rochester, NY 14623 Tel: Rochester • New York Boston • Cleveland West Hartford EFTA00603466