Confidential

Confidential DRAFT COPY - for Discussion Purposes Only VALUATION DATE: 6/4/15 Empire Valuation Consultants. LLC PDF Compiled on 10/12/2015 EXHIBIT13 CALCULATION OF NET ASSET VALUE BLACK FAMILY PARTNERS. LP SUDPOKTN6 lXMBIT CAPITAL ACCOUNT BALANCE YMKET ADJUSTMENTS 60 BOOK VALUE % of AVM" A$SF TS Cash s Mintstable Swan Bmis 01Amonos • Caodang Accorm S Moray WAN Fuca No 515.930.181 SO 315.930.181 0.7% JP 1,1D-9an Brokamp> AcccuNc • Caso No $9.433 SO 19433 00% JP Moman Brokorax AcccuNc • Apolo iwoumorn Ccm. (TdiNAINV) No 14.756.620 SO 14756,620 02% JP MannBrokerage Accoary • Ennetamort41Solusioåpodd(TKiNESTIVO Na $913.520 ;186.3521 1777.168 OD% JP Morgan Brokstago Amu', • AP AllomarMo Assets n(TKIN4AAA • Mum( cbirnj Na 11.042.181 SA 11.042.181 OD% Kl2 Inc.(IC/um:LPN) No $915.846 SO 14115846 OD% ~Ito Rad Tom Dian (Prix= Equity Dhoti Inleams) AptiloCotwouois N. LLC LI through ES $398.708 056.708, 8290,000 OD% Agri* Co twouora V. LLC LI through E-3 12.376.964 (Ø%.9641 1.780,000 0.1% Aixdo Co rmidmis Vi (A). LIC LI through E-3 123.519.975 114.699.975) 318,820.000 08% Apollo Cmcili Opporkwiliss Co Mom«. III IA,. LP LI through 53 16.084.149 M2.134.149) 3$950.CCO 02% ~Apollo Rod Two &Mot (NM* Eauly Cmocl InIoroMel 11A0 Coots, Fay II LP LI through E-3 13.822318 (3852.318) 128)0/3C0 0.1% WcoMnsolvi Correll Partner, LP LI through 53 11.484.393 (1524.393) 1860/00 OD% Turlom lloillnis Fund I. LP Ei through E-3 3998593 (3348.5931 1650/00 OD% Apt. now mama' Funds Oleos Fund Direct InvoMmonls) Apollo SOMA Co.kwouces. LLC MI through F-3 12.957.390 alT7.390) 12690.003 0.1% FCI Colnscolors • (A? LP MI through F-3 112.709.156 M3809.156) 93,900.003 04% Antre Hollins Ud. MI through F-3 162.030.000 MI5606000) 336400000 IS% AP Toctedlogr Paromm I. MI through F-3 325.579 (17.579) 318,000 OD% AP MIL Yuman. LLC MI through F-3 sa so so OD% ~Apollo Gorilla, Market Funds (Hodge Fund Noel Invosemifiesi Am-Boras, Cop4S Pmrwm MI through F-3 118.603.935 131303.995) 117.300003 0.7% Carlson Volvo Pisalzmion Su", MS through F-3 119.793.178 (1890.178) 118,800.003 08% Krg SPoN Coprid MI through F-3 11.024.387 (330.1.397) 1720.003 OD% Ionised/ma. LP MS through F-3 528.365.105 131.415.105) 526950000 12% Wow)" Cmrop USA MS through F-3 527.968.9% 131.118.990 1.26.850.003 12% BRIII4~9*(APolla OP4IMIN &N AM Apati goosing Group WM BSI 121134.443.002 11331.443 0321 11.7706000.003 765% Tax Rcasvabso Amoononi CORA, Sworn for lmolb cliorall0 &cup tints 0.3 so 1195.000.003 3135800,003 BAY TRh DhiNed • J-Iy 2007 Transition 0.5 so 181-000.000 381.000,003 35% Miscallimeout IMormits Trxissi LIC SI-MS.07e (5420.77M 5798301 OD% KrywIrMe Unmens7 Eslitabcn LP $22451200 154410.2411 $16.040.586 08% KU Stymy., ene, 126412 C66.9021 $21210 OD% 1850.000 ($227.500) 5422.600 OD% ESNS./ Cr,er's', N ohm $2.1114.156 03$62.7081 82841426 0.1% Maly Late. LIC 1181277 ($60.4471 3117400 OD% Aloroer Inc 19998 (89AIM) $6.494 OD% Promissory Mope ond Rocolvabin Duo from Won D. &act not 142.157228 so 342.157221 18% Duo from LBF Noldessi LLC 1174.135 so $174.135 OD% Duo from PLB LLC. ircLanaaccradd irtomei 33.203350 SA $3,208.350 Of% Rodorrpldn RocoLvatio 1965.113 SA 1865.113 OD% Duo from ERN HoiStsas. LP 1127.6415 SA 5127036 00% Duo from Pima «. &c441 17457.195 P 37.457.195 03% TOTAL ASSETS 12411 ACRAAn M114fpal7. 12111305/78 'On LLAIMMTIFS 3 PACTIMAA•cApITAL TOTAL LIABILITIES so N so PARTNERS CAPITAL 12.411.608.690 1$93.4CQ.8121 12313205879 TOTAL LIABIUTIES & CAPITAL (7411 BM 640 1694402 817i t2 IIL2nS 878 Aapsiod Bock Vabo 12313206878 Pro RaIa ASV a SuMod Miami/ 153244% 3354.484.922 Lass: Canbiral 1:1~1 Mr Lad. M Cand sea MortoulNim 150% M3,1727381 FaEr Marto, Value of a 153244% LIMiod Parinortrip Imorsdi 1331.312.181 Pro Bala Fok MortalValue of a 153244% Walled PartnomNplisintS rounded 1301.000.000 EFTA01198796