EFTA00806113

Caution: Forms printed from within Adobe Acrobat products may not meet IRS or state taxing agency specifications. When using Acrobat 9.x products and later products, select "None"in the "Page Scaling" selection box in the Adobe "Print" dialog. CLIENT'S COPY EFTA00806113 SACKS PRESS & LACHER, P.C. CERTIFIED PUBLIC ACCOUNTANTS 600 THIRD AVENUE - 18TH FL NEW YORK, NY 10016-1901 SEPTEMBER 12, 2017 NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 NEXT MANAGEMENT LLC: WE HAVE PREPARED AND ENCLOSED YOUR 2016 LIMITED LIABILITY COMPANY RETURNS FOR THE YEAR ENDED DECEMBER 31, 2016. THIS RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. IF YOU WISH TO HAVE IT TRANSMITTED ELECTRONICALLY TO THE IRS, PLEASE SIGN, DATE, AND RETURN FORM 8879-PE TO OUR OFFICE. WE WILL THEN SUBMIT YOUR ELECTRONIC RETURN TO THE IRS. DO NOT MAIL THE PAPER COPY OF THE RETURN TO THE IRS. RETURN FEDERAL FORM 8879-PE TO US BY SEPTEMBER 15, 2017. NO PAYMENT IS REQUIRED WITH THIS RETURN WHEN FILED. THE CALIFORNIA FORM 568 RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. IF YOU WISH TO HAVE IT TRANSMITTED ELECTRONICALLY TO THE FTB, PLEASE SIGN, DATE AND RETURN FORM 8453-LLC TO OUR OFFICE. WE WILL THEN SUBMIT THE ELECTRONIC RETURN TO THE FTB. DO NOT MAIL A PAPER COPY OF THE RETURN TO THE FTB. RETURN FORM 8453-LLC TO US BY SEPTEMBER 15, 2017. NO PAYMENT IS REQUIRED AS YOU ARE TO RECEIVE A REFUND IN THE AMOUNT OF $7,200.00. YOUR ANNUAL TAX PAYMENT AMOUNT OF $800.00 WILL BE AUTOMATICALLY WITHDRAWN FROM THE BANK ACCOUNT ENDING IN 0157 ON OR AFTER SEPTEMBER 12, 2017. REFER TO FORM 568 ON THE DIRECT DEPOSIT/DEBIT REPORT FOR COMPLETE ACCOUNT INFORMATION. THE NEW YORK FORM IT-204 RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. IF YOU WISH TO HAVE IT TRANSMITTED ELECTRONICALLY TO THE NYSDTF, PLEASE SIGN, DATE AND RETURN FORM TR-579-PT TO OUR OFFICE. WE WILL THEN SUBMIT THE ELECTRONIC RETURN TO THE NYSDTF. DO NOT MAIL A PAPER COPY OF THE RETURN TO THE NYSDTF. RETURN FORM TR-579-PT TO US BY SEPTEMBER 15, 2017. NO PAYMENT IS REQUIRED WITH THIS RETURN WHEN FILED. EFTA00806114 THE FLORIDA FORM F-1065 SHOULD BE MAILED ON OR BEFORE OCTOBER 2, 2017 TO: FLORIDA DEPARTMENT OF REVENUE 5050 W. TENNESSEE STREET TALLAHASSEE, FL 32399-0135 THE NEW YORK CITY FORM NYC-204 RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. IF YOU WISH TO HAVE IT TRANSMITTED ELECTRONICALLY TO THE NYC DOF, PLEASE SIGN, DATE AND RETURN NYC-579-UBTP TO OUR OFFICE. WE WILL THEN SUBMIT THE ELECTRONIC RETURN TO THE NYC DOF. DO NOT MAIL A PAPER COPY OF THE RETURN TO THE NYC DOF. RETURN NYC-579-UBTP TO US BY SEPTEMBER 15, 2017. NO PAYMENT IS REQUIRED WITH THIS RETURN WHEN FILED. YOUR OVERPAYMENT IN THE AMOUNT OF $30,257.00 HAS BEEN APPLIED TO YOUR NEW YORK CITY ESTIMATED TAX. THE NEW YORK CITY ESTIMATED INCOME TAX DUE DATES AND REQUIRED PAYMENTS ARE AS FOLLOWS: INSTALLMENT NO. 3 BY 09/15/17 $51,833 INSTALLMENT NO. 4 BY 01/16/18 $37,270 MAIL THE NEW YORK CITY ESTIMATED TAX PAYMENTS TO: NYC DEPARTMENT OF FINANCE UNINCORPORATED BUSINESS TAX P.O. BOX 3923 NEW YORK, NY 10008-3923 ATTACHED ARE SCHEDULES K-1 FOR ALL MEMBERS INDICATING THEIR SHARE OF INCOME, DEDUCTIONS AND CREDITS TO BE REPORTED ON THEIR RESPECTIVE TAX RETURNS. THESE SCHEDULES SHOULD BE IMMEDIATELY FORWARDED TO EACH OF THE MEMBERS. COPIES OF THE RETURNS ARE ENCLOSED FOR YOUR FILES. WE SUGGEST THAT YOU RETAIN THESE COPIES INDEFINITELY. VERY TRULY YOURS, SACKS PRESS & LACHER, P.C. EFTA00806115 TAX RETURN FILING INSTRUCTIONS REPORT OF FOREIGN BANK AND FINANCIAL ACCOUNTS Prepared for NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Prepared by SACKS PRESS & LACHER PC 600 THIRD AVENUE NEW YORK, NY 10016-1901 Form must be filed on or before RETURN FORM 114A TO US BY OCTOBER 15, 2017. Special FORM 114 HAS BEEN PREPARED FOR ELECTRONIC FILING. PLEASE SIGN, Instructions DATE, AND RETURN FORM 114A TO OUR OFFICE. WE WILL THEN TRANSMIT YOUR REPORT TO THE FINCEN. 600397 04.01.16 EFTA00806116 2016 TAX RETURN FILING INSTRUCTIONS U.S. RETURN OF PARTNERSHIP INCOME FOR THE YEAR ENDING DECEMBER 31, 2016 Pmoamdtor NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Prepared by SACKS PRESS & LACHER PC 600 THIRD AVENUE NEW YORK, NY 10016-1901 To be signed and A MEMBER MANAGER OF THE LLC dated by Amount of tax NOT APPLICABLE Mailtaxretum THIS RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. TO HAVE to IT TRANSMITTED ELECTRONICALLY TO THE IRS, PLEASE SIGN, DATE, AND RETURN FORM 8879-PE TO OUR OFFICE. WE WILL THEN SUBMIT YOUR ELECTRONIC RETURN. Forms to be ENCLOSED ARE COPIES OF SCHEDULE K-1 TO BE DISTRIBUTED TO THE distributed MEMBERS. to partners Retummustbe RETURN FEDERAL FORM 8879-PE TO US BY SEPTEMBER 15, 2017. mailed on or before Special DO NOT MAIL THE PAPER COPY OF THE RETURN TO THE IRS. Instructions 610145 04-01.16 EFTA00806117 Two-Year Comparison - Partnership 2016 Name of partnership Employer identification number NEXT MANAGEMENT LLC 13-3495607 Increase Description Prior Year Current Year (Decrease) NUMBER OF PARTNERS 3. 3. 0. TRADE OR BUSINESS INCOME OR LOSS: INCOME: GROSS RECEIPTS OR SALES 20,059,894. 20,803,273. 743,379. GROSS PROFIT 20,059,894. 20,803,273. 743,379. INCOME (LOSS) FROM PASSTHROUGHS 248,456. 137,818. -110,638. OTHER INCOME (LOSS) -234,496. -156,411. 78,085. TOTAL INCOME (LOSS) 20,073,854. 20,784,680. 710,826. DEDUCTIONS: SALARIES AND WAGES 11,291,732. 12,181,179. 889,447. REPAIRS AND MAINTENANCE 414,619. 416,838. 2,219. BAD DEBTS 8,131. 0. -8,131. RENT 749,810. 815,645. 65,835. TAXES AND LICENSES 769,540. 772,275. 2,735. INTEREST 0. 72. 72. DEPRECIATION 120,998. 44,543. -76,455. RETIREMENT PLANS 106,026. 111,980. 5,954. EMPLOYEE BENEFIT PROGRAMS 338,804. 379,739. 40,935. OTHER DEDUCTIONS 3,858,292. 3,561,967. -296,325. TOTAL DEDUCTIONS 17,657,952. 18,284,238. 626,286. ORDINARY INCOME (LOSS) 2,415,902. 2,500,442. 84,540. SCHEDULE K: INCOME (LOSS): ORDINARY TRADE/BUSINESS INCOME/LOSS 2,415,902. 2,500,442. 84,540. INTEREST INCOME 17,910. 15,968. -1,942. DEDUCTIONS: CHARITABLE CONTRIBUTIONS 103,335. 12,512. -90,823. SECTION 179 EXPENSE DEDUCTION 191,194. 64,523. -126,671. INVESTMENT INTEREST: 61181! O4 01.16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806118 Two-Year Comparison - Partnership 2016 Name of partnership Employer idenbfication number NEXT MANAGEMENT LLC 13-3495607 Increase Description Prior Year Current Year (Decrease) INVESTMENT INCOME 17,910. 15,9.8. -1,942. JUSTMENTS AND TAX PREFERENCES: "EPRECIATION ADJUSTMENT 102. 161. 59. THER ADJUSTMENTS/TAX PREFERENCES -1,078. 0. 1,078. THER: ONDEDUCTIBLE EXPENSES 118,554. 127,818. 9,264. ISTRIBUTIONS OF MONEY 3,000,000. 2,250,000. -750,000. SCHEDULE M-1: ET INCOME (LOSS) PER BOOKS 2,319,987. 2,748,386. 428,399. "EPRECIATION ON BOOKS NOT ON SCH K 0. 55,231. 55,231. RAVEL AND ENTERTAINMENT 90,792. 76,747. -14,045. THER BOOK EXPENSES NOT ON SCH K 143,715. 148,663. 4,948. OTAL- NET BOOK INC THROUGH EXPENSE 2,554,494. 3,029,027. 474,533. THER BOOK INCOME NOT ON SCH K 82,521. 60,281. -22,240. "EPRECIATION ON SCH K NOT ON BOOKS 152,866. 0. -152,866. THER SCH K DED NOT ON BOOKS 179,824. 529,371. 349,547. OTAL- BOOK INC THROUGH SCH K DED 415,211. 589,652. 174,441. INCOME (LOSS) 2,139,283. 2,439,375. 300,092. SCHEDULE M-2: APITAL AT BEGINNING OF YEAR 1,851,584. 1,171,571. -680,013. ET INCOME (LOSS) PER BOOKS 2,319,987. 2,748,386. 428,399. OTAL- BEGINNING CAP THROUGH INCR 4,171,571. 3,919,957. -251,614. ASH DISTRIBUTIONS 3,000,000. 2,250,000. -750,000. OTAL- CASH CONT THROUGH OTHER DECR 3,000,000. 2,250,000. -750,000. APITAL BALANCE AT END OF YEAR 1,171,571. 1,669,957. 498,386. 61181! O4 01.16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806119 Expanded Capital Account Summary Name NEXT MANAGEMENT LLC M.Number 13-3495607 CLAXON INC Partner C/O NEXT MANAGEMENT LLC Partner's Identification Number 15 WATTS STREET Number 1 NEW YORK, NY 10013 13-3508513 Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3,487 Capital 492,058. 1,154,322. 945,000. 701,380. PARTNERSHIP HOLDING CORP. Partner C/O NEXT MANAGEMENT LLC Partner's Identification Number 15 WATTS STREET Number 2 NEW YORK, NY 10013 13-3501977 Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3,487 Capital 363,187. 852,000. 697,500. 517,687. THE WILCOR GROUP INC. Partner C/O NEXT MANAGEMENT LLC Partner's Identification Number 15 WATTS STREET Number 3 NEW YORK, NY 10013 13-3682060 Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3,487 Capital 316,326. 742,064. 607,500. 450,890. Partner Partner's Identification Number Number Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3, 4 & 7 Capital Total For All Partner's Capital Accounts Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3,487 Capital 1,171,571. 0. 2,748,386. 2,250,000. 1,669,957. 611911 04.01.16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806120 Property Apportionment Detail Worksheet 2016 CALIFORNIA NEXT MANAGEMENT LLC 13-3495607 V ain Everywhere Beginning of Year End of Year Beginning of Year End of Year Inventories Land Buildings Buildings - accumulated depredation Machinery Equipment 274,770. 279,697. 1,713,186. 1,718,113. Machinery and equipment - accumulated depreciation Furniture and fixtures 50,344. 50,344. 662,281. 662,281. Furniture and fixtures - accumulated depreciation Transportation/delivery equipment Transportation/delivery equipment - accumulated depreciation Other depreciable assets 0. 0. 155,603. 155,603. Other depreciable assets - accumulated depreciation Depletable assets Depletable assets - accumulated depletion Leasehold improvements 89,113. 136,109. 1,686,953. 1,746,549. Leasehold improvements - accumulated amortization Supplies Other tangble properly Buildings - construction in progress Machinery - construction in prowess Equipment - construction in progress Transportation/delivery - construction in progress Other - construction in progress Less: Total construction in progress Miscelaneous other Subtotals -----414,227. 466,150. 4,218,023. 4,282,546. Average property 440,189. 4,250,285. Real property rented - rental expense (multiplied by applicable factor) 1,230,552. 7,286,288. Tangble property rented - rental expense (multiplied by applicable factor) Miscelaneous rental expense (multiplied by applicable factor) Total property 1,670,741. 11,536,573. . • Not Applicable 612261 010146 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806121 Property Apportionment Detail Worksheet 2016 FLORIDA NEXT MANAGEMENT LLC 13-3495607 V ain Everywhere Beginning of Year End of Year Beginning of Year End of Year Inventories Land Buildings Buildings - accumulated depredation Machinery Equipment 327,985. 327,985. 1,713,186. 1,718,113. Machinery and equipment - accumulated depreciation Furniture and fixtures 77,707. 77,707. 662,281. 662,281. Furniture and fixtures - accumulated depreciation Transportation/delivery equipment Transportation/delivery equipment - accumulated depreciation Other depreciable assets 0. 0. 155,603. 155,603. Other depreciable assets - accumulated depreciation Depletable assets Depletable assets - accumulated depletion Leasehold improvements 68,725. 68,725. 1,686,953. 1,746,549. Leasehold improvements - accumulated amortization Supplies Other tangble properly Buildings - construction in progress Machinery - construction in prowess Equipment - construction in progress Transportation/delivery - construction in progress Other - construction in progress Less: Total construction in progress Miscelaneous other Subtotals -----474,417. 474,417. 4,218,023. 4,282,546. Average property 474,417. 4,250,285. Real property rented - rental expense (multiplied by applicable factor) 931,768. 7,286,288. Tangble property rented - rental expense (multiplied by applicable factor) Miscelaneous rental expense (multiplied by applicable factor) Total property 1,406,185. 11,536,573. . • Not Applicable 612261 010146 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806122 Property Apportionment Detail Worksheet 2016 NEW YORK NEXT MANAGEMENT LLC 13-3495607 Within Everywhere Beginning of Year End of Year Beginning of Year End of Year Inventories Land Buildings Buildings - accumulated depredation Machinery Equipment 1,110,431. 1,110,431. 1,713,186. 1,718,113. Machinery and equipment - accumulated depreciation 1,094,855. 1,094,855. 1,666,903. 1,669,860. Furniture and fixtures 534,230. 534,230. 662,281. 662,281. Furniture and fixtures - accumulated depreciation 453,344. 453,344. 572,033. 572,033. Transportation/delivery equipment Transportation/delivery equipment - accumulated depreciation Other depreciable assets 155,603. 155,603. 155,603. 155,603. Other depreciable assets - accumulated depreciation 47,545. 74,532. 47,545. 74,532. Depletable assets Depletable assets - accumulated depletion Leasehold improvements 1,529,115. 1,541,715. 1,686,953. 1,746,549. Leasehold improvements - accumulated amortization 1,128,701. 1,147,980. 1,204,997. 1,250,405. Supplies Other tangble properly Buildings - construction in progress Machinery - construction in prowess Equipment - construction in progress Transportation/delivery - construction in progress Other - construction in progress Less: Total construction in progress Miscelaneous other Subtotals ----704,934. 571,268. 726,545. 715,716. Average property 588,101. 721,131. Real property rented - rental expense (multiplied by applicable factor) 5,123,968. 7,286,288. Tangble property rented - rental expense (multiplied by applicable factor) Miscelaneous rental expense (multiplied by applicable factor) Total property 5,712,069. 8,007,419. • Not Applicable 612261 010146 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806123 Property Apportionment Detail Worksheet 2016 NEW YORK CITY NEXT MANAGEMENT LLC 13-3495607 Within Everywhere Beginning of Year End of Year Beginning of Year End of Year Inventories Land Buildings Buildings - accumulated depredation Machinery Equipment 1,110,431. 1,110,431. 1,713,186. 1,718,113. Machinery and equipment - accumulated depreciation 1,094,855. 1,094,855. 1,666,903. 1,669,860. Furniture and fixtures 534,230. 534,230. 662,281. 662,281. Furniture and fixtures - accumulated depreciation 453,344. 453,344. 572,033. 572,033. Transportation/delivery equipment Transportation/delivery equipment - accumulated depreciation Other depreciable assets 155,603. 155,603. 155,603. 155,603. Other depreciable assets - accumulated depreciation 47,545. 74,532. 47,545. 74,532. Depletable assets Depletable assets - accumulated depletion Leasehold improvements Leasehold improvements - accumulated amortization Supplies Other tangble properly Buildings - construction in progress Machinery - construction in prowess Equipment - construction in progress Transportation/delivery - construction in progress Other - construction in progress Less: Total construction in progress Miscelaneous other Subtotals -----104,520. 177,533. 244,589. 219,572. Average property 191,027. 232,081. Real property rented - rental expense (multiplied by applicable factor) 5,123,968. 7,286,288. Tangble property rented - rental expense (multiplied by applicable factor) Miscelaneous rental expense (multiplied by applicable factor) Total property 5,314,995. 7,518,369. . • Not Applicable 612261 010146 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806124 Property Apportionment Detail Worksheet 2016 NEW YORK MCTD NEXT MANAGEMENT LLC 13-3495607 Within Everywhere Beginning of Year End of Year Beginning of Year End of Year Inventories Land Buildings Buildings - accumulated depredation Machinery Equipment 1,110,431. 1,110,431. 1,713,186. 1,718,113. Machinery and equipment - accumulated depreciation 1,094,855. 1,094,855. 1,666,903. 1,669,860. Furniture and fixtures 534,230. 534,230. 662,281. 662,281. Furniture and fixtures - accumulated depreciation 453,344. 453,344. 572,033. 572,033. Transportation/delivery equipment Transportation/delivery equipment - accumulated depreciation Other depreciable assets 155,603. 155,603. 155,603. 155,603. Other depreciable assets - accumulated depreciation 47,545. 74,532. 47,545. 74,532. Depletable assets Depletable assets - accumulated depletion Leasehold improvements Leasehold improvements - accumulated amortization Supplies Other tangble properly Buildings - construction in progress Machinery - construction in prowess Equipment - construction in progress Transportation/delivery - construction in progress Other - construction in progress Less: Total construction in progress Miscelaneous other Subtotals -----104,520. 177,533. 244,589. 219,572. Average property 191,027. 232,081. Real property rented - rental expense (multiplied by applicable factor) 5,123,968. 7,286,288. Tangble property rented - rental expense (multiplied by applicable factor) Miscelaneous rental expense (multiplied by applicable factor) Total property 5,314,995. 7,518,369. . • Not Applicable 612261 010146 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806125 Payroll and Sales Apportionment Detail Worksheet 2016 CALIFORNIA NEXT MANAGEMENT LLC 13-3495607 Payroll Apportionment Within Everywhere Cost of goods sold Cost of operations Compensation of officers 0. 290,092. Salesmen's salaries Salesmen's commissions General and administrative wages and salaries 2,247,039. 11,944,848. Repairs Others Miscellaneous other Total payroll 2,247,039. 12,234,940. Sales Apportionment Within Everywhere Sales of tangible personal properly - Returns and allowances Sales from outside the state to within the state Sales from within the state to within the state Sales from within the state to U.S. government Sales from within the state to nontaxable jurisdictions Interest 0. 15,968. Dividends Rents Royalties Gain from sales of real and tangtle personal property Gain from sales of intangibles Service income 5,191,437. 21,727,304. Other receipts Miscellaneous other Total sales 5,191,437. 21,743,272. • Not Applicable 612271 04.01.16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806126 Payroll and Sales Apportionment Detail Worksheet 2016 FLORIDA NEXT MANAGEMENT LLC 13-3495607 Payroll Apportionment Within Everywhere Cost of goods sold Cost of operations Compensation of officers 0. 290,092. Salesmen's salaries Salesmen's commissions General and administrative wages and salaries 976,440. 11,944,848. Repairs Others Miscellaneous other Total payroll 976,440. 12,234,940. Sales Apportionment Within Everywhere Sales of tangible personal properly - Returns and allowances Sales from outside the state to within the state Sales from within the state to within the state Sales from within the state to U.S. government Sales from within the state to nontaxable jurisdictions Interest 0. 15,968. Dividends Rents Royalties Gain from sales of real and tangtle personal property Gain from sales of intangibles Service income 1,891,925. 21,727,304. Other receipts Miscellaneous other Total sales 1,891,925. 21,743,272. • Not Applicable 612271 04.01.16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806127 Payroll and Sales Apportionment Detail Worksheet 2016 NEW YORK NEXT MANAGEMENT LLC 13-3495607 Payroll Apportionment Within Everywhere Cost of goods sold Cost of operations Compensation of officers Salesmen's salaries Salesmen's commissions General and administrative wages and salaries 8,721,369. 11,944,848. Repairs Others Miscellaneous other Total payroll 8,721,369. 11,944,848. Sales Apportionment Within Everywhere Sales of tangible personal properly - Returns and allowances Sales from outside the state to within the state Sales from within the state to within the state Sales from within the state to U.S. government Sales from within the state to nontaxable jurisdictions Interest Dividends Rents Royalties Gain from sales of real and tangtle personal property Gain from sales of intangibles Service income 14,643,942. 21,727,304. Other receipts Miscellaneous other Total sales 14,643,942. 21,727,304. • Not Applicable 612271 04.01.16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806128 Payroll and Sales Apportionment Detail Worksheet 2016 NEW YORK CITY NEXT MANAGEMENT LLC 13-3495607 Payroll Apportionment Within Everywhere Cost of goods sold Cost of operations Compensation of officers Salesmen's salaries Salesmen's commissions General and administrative wages and salaries 8,721,369. 11,944,848. Repairs Others Miscellaneous other Total payroll 8,721,369. 11,944,848. Sales Apportionment Within Everywhere Sales of tangible personal properly - Returns and allowances Sales from outside the state to within the state Sales from within the state to within the state Sales from within the state to U.S. government Sales from within the state to nontaxable jurisdictions Interest Dividends Rents Royalties Gain from sales of real and tangtle personal property Gain from sales of intangibles Service income 14,643,942. 21,727,304. Other receipts Miscellaneous other Total sales 14,643,942. 21,727,304. • Not Applicable 612271 04.01.16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806129 Payroll and Sales Apportionment Detail Worksheet 2016 NEW YORK MCTD NEXT MANAGEMENT LLC 13-3495607 Payroll Apportionment Within Everywhere Cost of goods sold Cost of operations Compensation of officers Salesmen's salaries Salesmen's commissions General and administrative wages and salaries 8,721,369. 11,944,848. Repairs Others Miscellaneous other Total payroll 8,721,369. 11,944,848. Sales Apportionment Within Everywhere Sales of tangible personal properly - Returns and allowances Sales from outside the state to within the state Sales from within the state to within the state Sales from within the state to U.S. government Sales from within the state to nontaxable jurisdictions Interest Dividends Rents Royalties Gain from sales of real and tangtle personal property Gain from sales of intangibles Service income 14,643,942. 21,727,304. Other receipts Miscellaneous other Total sales 14,643,942. 21,727,304. • Not Applicable 612271 04.01.16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806130 Apportionment Summary Worksheet 2016 PROPERTY FACTOR NEXT MANAGEMENT LLC 13-3495607 WITHIN EVERYWHERE UNWEIGHTED WEIGHTED Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida 1,570,178. 12,400,790. .126619 .126619 Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentudcy Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York 5,712,068. 8,007,418. .713347 .713347 North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wsconsin Wyoming Foreign Other Total N/A N/A N/A .839966 HMS 041-0 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806131 Apportionment Summary Worksheet (Continued) 2016 PROPERTY FACTOR NEXT MANAGEMENT LLC 13-3495607 WITHIN EVERYWHERE UNWEIGHTED WEIGHTED • Battle Creek ' Detroit • Flint • Grand Rapids ' Highland Park ' Lansing • Pontiac • Port Huron ' Saginaw ' New York City .713300 .713300 ' New York - MCTD ' Muskegon ' Muskegon Heights ' Not included in everywhere totals 610732 0303% 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806132 Apportionment Summary Worksheet 2016 PAYROLL FACTOR NEXT MANAGEMENT LLC 13-3495607 WITHIN EVERYWHERE UNWEIGHTED WEIGHTED Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida 976,440. 12,234,940. .079808 .079808 Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentudcy Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York 9,011,461. 12,234,940. .736535 .736535 North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wsconsin Wyoming Foreign Other Total N/A N/A N/A .816343 HMS 041-0 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806133 Apportionment Summary Worksheet (Continued) 2016 PAYROLL FACTOR NEXT MANAGEMENT LLC 13-3495607 WITHIN EVERYWHERE UNWEIGHTED WEIGHTED • Battle Creek ' Detroit • Flint • Grand Rapids ' Highland Park ' Lansing • Pontiac • Port Huron ' Saginaw ' New York City 9,011,461. 12,234,940. .736500 .736500 ' New York - MCTD ' Muskegon ' Muskegon Heights ' Not included in everywhere totals 610732 0303% 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806134 Apportionment Summary Worksheet 2016 SALES FACTOR NEXT MANAGEMENT LLC 13-3495607 WITHIN EVERYWHERE UNWEIGHTED WEIGHTED Alabama Alaska Arizona Arkansas California 5,191,437. 21,743,272. .238761 .238761 Colorado Connecticut Delaware District of Columbia Florida 1,891,925. 21,743,272. .087012 .087012 Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentudcy Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York 14,659,910. 21,743,272. .674227 .674227 North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Waconsin Wyoming Foreign Other Total N/A N/A N/A 1.000000 HMS 041-0 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806135 Apportionment Summary Worksheet (Continued) 2016 SALES FACTOR NEXT MANAGEMENT LLC 13-3495607 WITHIN EVERYWHERE UNWEIGHTED WEIGHTED • Battle Creek ' Detroit • Flint • Grand Rapids ' Highland Park ' Lansing • Pontiac • Port Huron ' Saginaw ' New York City 14,659,692. 21,743,272. .674200 .674200 ' New York - MCTD ' Muskegon ' Muskegon Heights ' Not included in everywhere totals 610732 0303% 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806136 Apportionment Summary Worksheet 2016 SUMMARY NEXT MANAGEMENT LLC 13-3495607 SUMMARY OF FACTORS PROPERTY PAYROLL SALES APPORTIONMENT Alabama Alaska Arizona Arkansas Calitomia .238761 .238761 Colorado Connecticut Delaware District of Columbia Florida .126619 .079808 .087012 .097813 Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York .713347 .736535 .674227 .708036 North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Yfaconsin Wyoming Foreign Other Total .839966 .816343 1.000000 1.044610 610781 04.O1-iS 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806137 Apportionment Summary Worksheet (Continued) 2016 SUMMARY NEXT MANAGEMENT LLC 13-3495607 SUMMARY OF FACTORS PROPERTY PAYROLL SALES APPORTIONMENT • Battle Creek ' Detroit • Flint • Grand Rapids ' Highland Park ' Lansing • Pontiac • Port Huron ' Saginaw ' New York City .713300 .736500 .674200 .680800 ' New York - MCTD ' Muskegon ' Muskegon Heights ' Not included in everywhere totals 610732 0303% 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806138 Form 114a Record of Authorization to Department of the Treasury Financial Crimes Enforcement Electronically File FBARs Network (FinCEN) (See instructions below for completion) May 2015 Do not send to FinCEN. Retain this form for your records. The form 114a may be digitally signed NEXTMAN20160001 Part I Persons who have an obligation to file a Report of Foreign Bank and Financial Account(s) 1. Owner last name or entity's legal name 2. Owner first name 3. Owner M.I. NEXT MANAGEMENT LLC 4. Spouse last name Of jointly filing FBAR - see instiuctions below) 5. Spouse first name 6. Spouse M.I. Vwe declare that Vwe have provided information concerning 2 (enter number of accounts) foreign bank and financial account(s) for the filing year ending December 31. 2016 to the preparer listed in Part II: that this information is to the best of my/our knowledge true. correct. and complete: that Vwe authorize the preparer listed in Part II to complete and submit to the Financial Crimes Enforcement Network (FriCEN) a Report of Foreign Bank and Fnancial Accounts (FBAR) based on the information that Vwe have provided: and that Vwe authorize the preparer listed in Part II to receive information from FinCEN. answer inquiries and resolve issues relating to this submission. Vwe acknowledge that. notwithstanding this declaration, it is my/our legal responsibility, not that of the preparer listed in Part II. to timely file an FBAR if required by law to do so. 7. Owner signature (Authorized representative if entity) 8. Date 9. Owner or entity TIN 10. TIN a al EIN type b 0 SSWITIN MM DD YYYY c 0 Foreign 11. Spouse signature 12. Date 13. Spouse TIN 14. TIN a Li EIN type b 0 SSN/ITIN MM DD YYYY c 0 Foreign Part II I Individual or Entity Authorized to File FBAR on behalf of Persons who have an obligation to file. 15. Preparer last name 16. Preparer first name 17. Preparer M.I. 18. Preparer PTIN PRESS GARY W 19. Address 20. City 21. State 22. ZIP/postal code 600 THIRD AVENUE NEW YORK PY 100161901 23. Country 24. Preparers (item 15) employers (En ity) name 25. Employer EIN 26. Preparers gnature code US SACKS PRESS & LACHER PC 13-3050313 GARY W. PRESS Instructions for completing the FBAR S gnature Authorization Record This record may be completed by the individual or entity granting such authorization (Part I) OR the individuaVentity authorized to perform such services. The completed record must be signed by the individual(syentity grant ng the authorization (Part I) and the individuaVentity that will file the FBAR. The Preparer/filing entity must be registered with FinCEN BSA EFile system. (See http://bsaefiling.fincentreas.gov/main.html for registration). Read and complete the account owner statement in Part I. To authorize a third party to file the Foreign Bank and Financial Accounts Report (FBAR), the account owner should complete Part I. items 1 through 3 (as required), sign and date the document in Part I. items 7/8 and complete items 9 and 10. Item 7 may be digitally signed. Accounts Jointly Owned by Spouses (see exceptions in the FBAR instructions) If the account owner is filing an FBAR jointly with his/her spouse. the spouse must also complete Part I. items 4 through 6. The spouse must also sign and date the report in items 11/12. (item 11 may be digitally signed) and complete items 13 and 14. A third party preparer may be one of the spouses of the jointly owned foreign account. In this case, both spouses must complete Part I of form 114a in its entirety. The third party preparer (spouse) that will file the FBAR on behalf of both spouses will complete Part II in its entirety (do not use such terms as see above, or same as item number x). Complete Part II. items 15 through 18 with the preparer's information. The address, items 19 through 23, is that of the preparer or the preparer's employer if the preparer is an employee. Record the employer's information (if any) in items 24 and 25. If the preparer does not have a PTIN. leave item 18 blank. The third party preparer must sign in item 26 (digital signature acceptable) of Part II indicating that the FBAR will be filed as directed by the authorizing authority. The person(s) listed in Part I, and the person listed in Part II as authorized to file on behalf of the person(s) listed in Part I. should retain copies of this record of authorization and the filing itself, both for a period of 5 years. See 31 CFR 1010.430(d). DO NOT SEND THIS RECORD TO FinCEN UNLESS REQUESTED TO DO SO. 620011 04-01.16 Rev. 10.7 May 21.2015 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806139 IRS e-file Signature Authorization OMB No. 1545-012 Faro 8879-PE for Form 1065 Department lot Ina Bonney Interne Revenue Senile* Ir. Don't send to the IRS. Keep for your records. Ir. Information about Form 8879-PE and its instructions is at www.frs.govilomt88790. 2016 FOf calendar near 2016. a tax year beginning . 2016. ending Name of partnership Employer identification number NEXT MANAGEMENT LLC 13-3495607 I Part Tax Return Information (Whole dollars only) 1 Gross receipts or sales less returns and allowances (Form 1065, line lc) 20,803,273. 2 Gross profit (Form 1065, line 3) 20,803,273. 3 Ordinary business income (loss) Worm 1065, line 22) 2,500,442. 4 Net rental real estate income (loss) (Form 1065, Schedule K. line 2) 4 5 Other net rental income (loss) (Form 1065, Schedule K. line 3c) 5 Part II Declaration and Signature Authorization of General Partner or Limited Liability Company Member Manager (Be sure to get a copy of the partnership's return) Under penalties of perjury. I declare that I am a general partner or limited liability company member manager of the above partnership and that I have examined a copy of the partnership's 2016 electronic return of partnership income and accompanying schedules and statements and to the best of my knowledge and belief. it is true. correct, and complete. I further declare that the amounts in Part I above are the amounts shown on the copy of the partnership's electronic return of partnership income. I consent to allow my electronic return originator (ERO). transmitter, or intermediate service provider to send the partnership's return to the IRS and to receive from the IRS (a) an acknowledgement of receipt or reason for rejection of the transmission and (b) the reason for any delay in processing the return. I have selected a personal identification number (PIN) as my signature for the partnership's electronic return of partnership income. General Partner or Limited Liability Company Member Manager's PIN: cheek one box only ®I authorize SACKS PRESS & LACHER PC to enter my PIN ERO firm name don't s as my signature on the partnership's 2016 electronically filed return of partnership income. Asa general partner or limited liability company member manager of the partnership, I will enter my PIN as my signature on the partnership's 2016 electronically filed return of partnership income. General partner or limited liability company member manager's signature ► rive ill. PRESIDENT OF MEMBER MGR Date ► Part III I Certification and Authentication ERO's EFIN/PIN. Enter your sixdigit EFIN followed by your fivedigit self selected PIN. Ili don't enter all zeros I certify that the above numeric entry is my PIN, which is my signature on the 2016 electronically filed return of partnership income for the partnership indicated above. I confirm that I am submitting this return in accordance with the requirements of Pub. 3112. IRS e-file Application and Participation, and Pub. 4163, Modernized &File (MeF) Information for Authorized IRS e-file Providers for Business Returns. ERO's signature ir• Date Ile. 09/12/17 ERO Must Retain This Form - See Instructions Don't Submit This Form to the IRS Unless Requested To Do So For Paperwork Reduction Act Notice, see Instructions. Form 8879-PE (2016) Live 62103+ +2-06-16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806140 RAT 7004 Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns OVZ No 1545.0233 (Rev. December 2016) IP File a separate application for each return. Dopattmaat of IN !moray Intanal Ronnua Servico IP Information about Form 7004 and its separate instructions Is at www.irs.govilorm7004 . NAMO Identifying number Print NEXT MANAGEMENT LLC 13- 3495607 Nunibra. Sheet, and ro0rn Cr Sultfr no. OM 00X, 980 O14trIrCbOnS4 or Type 15 WATTS STREET, 6TH FLOOR City, ;Gun, state, aul ZIP code Of a Icteign addiess. ontet oily, pfoonco Cr stars and country (follow the country's awake lot ordering postal codsa. NEW YORK, NY 100 1 3 Note: File request for extension by the due date of the return for which the extension is granted. See instructions before completing this form. Part I I Automatic Extension for C Corporations With Tax Years Ending December 31.See instructions. la triter me rorm coos ror me return listea oelow mat tills application •is ror " I I Application Form Application Form is For: Code Is For: Code Form 1120 12 Form 1120ND (section 4951 taxes) 20 Form 1120-C 34 Form 1120 PC 21 Form 1120-F 15 Form 1120POL 22 Form 1120-FSC 16 Form 1120 REIT 23 Form 1120-H 17 Form 1120RIC 24 Form 11201_ 18 Form 1120 SF 26 Form 1120-ND 19 Part II Automatic Extension for Certain Estates and Trusts. See instructions. o enter me rorm coop ror me return listea oelow mat tills application is Tor Application Form Application Form is For: Code Is For: Code Form 1041 (estate other than a bankruptcy estate) 04 Form 1041 (trust) 05 Part III I Automatic Extension for Entities Not Using Part I, II, or IV. See instructions. c triter me rorm cooe ror me return nstea Delow mat mis application is ror i v2 I Application Form Application Form Is For: Code Is For: Code Form 706-GS(D) 01 Form 1120-ND (section 4951 taxes) 20 Form 706-GS(T) 02 Form 1120 PC 21 Form 1041 (bankruptcy estate only) 03 Form 1120POL 22 Form 1041•N 06 Form 1120-REIT 23 Form 1041.OFT 07 Form 1120RIC 24 Form 1042 08 Form 1120S 25 Form 1065 09 Form 1120SF 26 Form 1065.8 10 Form 3520A 27 Form 1066 11 Form 8612 28 Form 1120 12 Form 8613 29 Form 1120-C 34 Form 8725 30 Form 1120-F 15 Form 8804 31 Form 1120-FSC 16 Form 8831 32 Form 1120-H 17 Form 8876 33 Form 1120-L 18 Form 8924 35 Form 1120-ND 19 Form 8928 36 Part IV I Automatic Extension for C Corporations With Tax Years Ending June 30. See instructions. a enter me rorm cooe ror me return nu:to Delow mat mis application is ror I I Application Form Application Form Is For: Code Is For: Code Form 1120 12 Form 1120ND (section 4951 taxes) 20 Form 1120-C 34 Form 1120 PC 21 Form 1120-F 15 Form 1120POL 22 Form 1120-FSC 16 Form 1120 REIT 23 Form 1120-H 17 Form 1120RIC 24 Form 1120-L 18 Form 1120 SF 26 Form 1120-ND 19 619731 01. 18.17 LHA For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Form 7004 (Rev. 12 2016) 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT10 4 EFTA00806141 Form 7004 Rev. 12.2016) Page 2 I Part V I All Filers Must Complete This Part 2 If the organization is a foreign corporation that does not have an office or place of business in the United States, check here ► 0 3 If the organization Is a corporation and is the common parent of a group that intends to file a consolidated return, check here ► 0 If checked, attach a statement listing the name, address, and Employer Identification Number (EIN) for each member covered by this application. 4 If the organization is a corporation or partnership that qualifies under Regulations section 1.6081.5, check here ► 0 6a The application is for calendar year 2 016, or tax year beginning , and ending b Short tax year. If this tax year is less than 12 months, check the reason L_I Initial return 0 Final return 0 Change in accounting period 0 Consolidated return to be filed 0 Other (see instructions • attach explanation) 6 Tentative total tax 6 7 Total payments and credits (see instructions) 7 8 Balance due. Subtract line 7 from line 6 (see instructions) 8 r o•in 7004 (Rev. 12.2018) 619742 01-18-+r 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806142 FINANCIAL CRIMES ENFORCEMENT NETWORK BSA E-Filing - Report of Foreign Bank and Financial FinCEN Form 114 Accounts (FEAR) NEXTMAN20160001 Filing Name NEXT MANAGEMENT LLC Submission Type NEW PIN NOT REQUIRED Check here if this report is submitted by an authorized third party, and complete the 3rd party prepare( section on page one of the report. The E-file system will auto complete item 46. NOTE: The FBAR must be received by the Department of the Treasury on or before April 18.2017. An automatic extension to October 16.2017 is available. This report filed late for the following reason (Check only one): a 0 Forgot to file b O Did not know that I had to file O Thought account balance was below reporting threshold d O Did not know that my account qualified as foreign e Account statement not received in time ILI Account statement lost (Replacement requested) Late receiving missing required account information Unable to obtain joint spouse signature in time Unable to access BSA Efiling system z Other (please provide explanation below) 523151 02-15-1T 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806143 FinCEN Form 114 REPORT OF FOREIGN BANK 1 This report is for calendar AND FINANCIAL ACCOUNTS year ended 12/31 Do NOT file with your Federal Tax Return 2016 me n Part I 1 Filer information NEXTMAN20160001 2 Type of filer a C Individual b Partnership c 0 Corporation d D Consolidated e Q Fiduciary or other • Enter type 3 U.S. Taxpayer Identification Numbs 3a TIN type 4 Foreign identification (Complete only if item 3 is not applicable) 5 Individual's date of birth MWDD/YYYY 133495607 O SSNATIN a Type: Passport IMI Foreign TIN Other If filer has no U S Identification Fl ON number complete item 4 b Number c Country of Issue 6 Last name or organization name ?First name 8 Middle initial 8a Suffix NEXT MANAGEMENT LLC 9 Mailing address (number, street. and apt. or suite no.) 15 WATTS STREET, 6TH FLOOR 10 City 11 State 12 ZIP/Postal Code 13 Country NEW YORK NY 10013 USA 14 a) Does the filer have a financial interest in 25 or more financial accounts? Yes I= Enter number of accounts Do not complete Part II or Part III, but maintain records of the information. No ILM b) Does the filer have signature authority over but no financial interest in 25 or more financial accounts? Yes I= Enter number of accounts Comp. Fan IV, items 34 through 43 for each person on whose behalf the filer has sign. authority. No Part III Information on financial account(s) owned separately 15 Maximum value of account during calendar year 15a Amount 16 Type of account aLXJ Bank bLJ Securities cl I Other Enter type below unknown 757,007. C 17 Name of financial institution in which account is held JPMORGAN CHASE BANK 1 other designation 19 Mailing address (number, street, apt. or suite no.) of financial institution in which account is held 125 LONDON WALL 20 City 21 State, if known 22 Foreign postal code, if known 23 Country LONDON EC2Y5AJ UNITED KINGDOM I signature' 44a Check 44 Filer signature here LXJ if this report is completed b a third party preparer and complete the third party preparer section. 45 Filer title. if not reporting a personal account 146 Date (MWDD The Won will be electrcolceily Ihka date will N auto-I Men the signed when died HMO is asyttionaIltsigned 47 Preparer's last name 48 First name 49 MI 50 Checks I if 51 TIN 51a TIN type I XI PTIN PRESS GARY W self-employed 0 SSNATIN C Foreign Third Party Wa Ext. 53 Firm's name 54 Firm's TIN 54a TIN type LXJ EIN Preparer Use Only SACKS PRESS & LACHER P C Foreign 55 Mailing address (number, street. apt. or suite no.)i 56 City 57 State 58 ZIP/Postal Code 59 Country 600 THIRD AVENUE NEW YORK NY 100161901 US 623141 04-0.16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806144 p 3MIrl Continued - Information on Financial Account(s) Owned Separately FORM 114 Complete a Separate Block for Each Account Owned Separately 1 Filing for calendar 3-4 Check appropriate Identification Number 6 Last Name or Organization Name year Taxpayer Identification Number 2016 Foreign Identification Number NEXT MANAGEMENT LLC Enter identification number here: 133495607 15 Maximum value ol account during calendar year 15a ArnoulMnkmwn 16 Type ol account a I X I Bank b LJ Securities eLJ Other - Enter type below 806,117. Li 17 Name of Financial Institution in which account is h Id JPMORGAN CHASE BANK 1 other designation 19 tailing Address (Number, Street, Suite Number) of financial institution in which account is held 125 LONDON WALL 20 City 21 State. if known 22 ZIPIPostal Code, if known 23 Country LONDON EC2Y5AJ UNITED KINGDOM 15 Maximum value of account during calendar year 15a Amami Unknown 16 Type ol account a LJ Bank b LI Securities e LJ Other - Enter type below 17 Name of Financial Institution in which account is h Id 18 Account number or other designation 19 Mailing Address (Number, Street, Suite Number) of financial institution in which account is held 20 City 21 State. if known 22 ZIPiPostal Code, if known 23 Country 15 Maximum value of account during calendar year isa Amami Unkno 16 Type ol account a Bank b Securities e Other -Enter type below 17 Name of Financial Institution in which account is h Id 18 Account number or other designation 19 Mailing Address (Number, Street, Suite Number) of financial institution in which account is held 20 City 21 State. if known 22 ZIPiPostal Code, if known 23 Country 15 Maximum value of account during calendar year isa Amami Unkno 16 Type ol account a Bank b Securities e Other -Enter type below 17 Name of Financial Institution in which account is h Id 18 Account number or other designation 19 Mailing Address (Number, Street, Suite Number) of financial institution in which account is held 20 City 21 State. if known 22 ZIPiPostal Code, if known 23 Country 15 Maximum value of account during calendar year isa Amami Unkno 16 Type ol account a Bank b Securities e Other -Enter type below 17 Name of Financial Institution in which account is h Id 18 Account number or other designation 19 Mailing Address (Number, Street, Suite Number) of financial institution in which account is held 20 City 21 State. if known 22 ZIPiPostal Code, if known 23 Country 15 Maximum value of account during calendar year isa Amami Unkno 16 Type ol account a Bank b Securities e Other -Enter type below 17 Name of Financial Institution in which account is h Id 18 Account number or other designation 19 Mailing Address (Number, Street, Suite Number) of financial institution in which account is held 20 City 21 State. if known 22 ZIP,Postal Code, if known 23 Country 620315 07-20.16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806145 U.S. Return of Partnership Income Form 1065 OMB No. 15454123 Department of Ito Tiaaarry tetanal Revenue Santa A Rine101 business activity for calendar Rat 2016. Or tax year begrimes EXTENSION GRANTED TO 09/15/17 Name or palmothIP arcs nn 2016 D Employs. Icisnilliceilon nuMIXt MODEL AGENCY NEXT MANAGEMENT LLC 13-3495607 Principal proel,ct a 4,0..1W Type Nunn., street. and room or see no h a. box. see the Ins* magma E Date business started or Print 15 WATTS STREET, 6TH FLOOR 01/04/1989 MODELING AGENCY City a town. Mato a province, country, and ZIP Cr sonar postal code F Total assets Eibeness code:will:oaf G 812990 NEW YORK NY 10013 $19,197,540. G Check applicable boxes: (1) L_T Initial return (2) LJ Final return (3) LJ Name change (4) L_J Address change (5) L_J Amended return (6) Q Technical termination - also check (1) or (2) H Check accounting method: (1) 0 Cash (2) M Accrual (3) 0 Other (specify) ► I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year leo 3 J Check if Schedules C and M-3 are attached I I Caution. Include only trade or business income and expenses on lines /a through 22 below. See the Instructions for more Information. 1 a Gross receipts or sales u 20,803,273. b Retums and allowances lb c Balance. Subtract line lb from line la lc 20,803,273. 2 Cost of goods sold (attach Form 1125-A) 2 Income 3 Gross profit. Subtract line 2 from line is 3 20,803,273. 4 Ordinary income (loss) from other partnerships, estates, and Mists (attach statement) SEE STATEMENT 1 4 137,818. 5 Net farm profit (loss) (attach Schedule F (Form 1040)) 5 6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 6 7 Other income (loss) (attach statement) SEE STATEMENT 2 7 -156,411. 8 Total Income (loss). Combine lines 3 through 7 8 20,784,680. 9 Salaries and wages (other than to partners) (less employment credits) 9 12,181,179. Deductions (see the instructions for limitations) 10 Guaranteed payments to partners 10 11 Repairs and maintenance 11 416,838. 12 Bad debts 12 13 Rent 13 815,645. 14 Taxes and licenses SEE STATEMENT 3 14 772,275. 15 Interest 15 72. 16 a Depreciation (if required, attach Form 4562) I16a1 44,543. b Less depreciation reported on Form 1125-A and elsewhere on return 186 16c 44,543. 17 Depletion (Do not deduct oil and gas depletion.) 17 18 Retirement plans, etc. 18 111,980. 19 Employee benefit programs 19 379,739. 20 Other deductions (attach statement) SEE STATEMENT 4 20 3,561,967. 21 Total deductions. Add the amounts shown in the tar right column for lines 9 through 20 21 18,284,238. 22 Ordinary business income (loss). Subtract line 21 from line 8 22 2,500,442. Under penaItIOS ot party. I declare that I have examined Inks return. including aCCorratenying SChiadteas and Statement& and to the bcsi of my Imo. Riga and ballet it * the. correct, and complies. Deaaration of prepare, tole than goners partner a Nary company mambo, Manager) IS based on all inform IRo o' when pRoaret nes any Sign knom4404 May the IRS &R,4. this Mum Here ..lm the prepare, shown below bagman:rot general palms or Welted liability company member maneger Dr meta stir n Yes No Pint/Tyee weparees new* Preparers stratum Date ONO, U II PIM eat-employed Paid GARY W. PRESS GARY W. PRESS 09/12/17 Preparer Firm's name is. Use Only SACKS PRESS & LACHER PC Feta EIN THIRD AVENUE Firm's miens.: Ple6 0 0 NEW YORK, NY 10016-1901 Phone no. LHA For Paperwork Reduction Act Notice, see separate Instructions. Form 1065 (2016) 611001 01-05.17 EFTA00806146 Form 1065 (2016) NEXT MANAGEMENT LLC 13-3495607 Page 2 Schedule B I Other Information 1 What type of entity is filing this return? Check the applicable box: Yes No a Li Domestic general partnership b Li Domestic limited partnership e Fl Domestic limited liability company d LJ Domestic limited liability partnership e Q Foreign partnership f Q Other b. 2 At any time during the tax year, was any partner in the partnership a disregarded entity, a partnership (including an entity treated as a partnership), a trust, an S corporation, an estate (other than an estate of a deceased partner), or a nominee or similar person? X 3 At the end of the tax year: a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exempt organization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership X b Did any individual or estate own, directly or indirectly, an interest of 50% or mare in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership X 4 At the end of the tax year, did the partnership: a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions, If 'Yes," complete (i) through (iv) below X (I) Name of Corporation Oihmolow (III)Country of (14-)PWCA :ay Idonnneanon Ooran n Humane crony) Incorporation S.anO s:,:ci, b Own directly an interest of 20% or more, or own, directly or indirectly, an inte est of 50% or more in the profit, loss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ovmership, see instructions. If 'Yes,' complete (i) through (v) below X (I) Name of Entity (10Employer (III) Type of Entity (Iv) Country of !quad urn Idontificalion Hunter amiable 0 rano or any) Organization PnAt Lott apply TWO TWELVE MANAGEMENT LLC 0-135.19 •ARTNERSHIP ITED STATES :Lit Yes No 5 Did the partnership file Form 8893, Election of Partnership Level Tax Treatme t, or an election statement under section 6231(a)(1)(6)(0) for partnership-level tax treatment, that is in effect f r this tax year? See Form 8893 for more details X 6 Does the partnership satisfy all four of the fo0owng conditions? a The partnership's total receipts for the tax year were less than $250,000. b The partnership's total assets at the end of the tax year were less than $ 1 million. c Schedules K-1 are filed with the retum and furnished to the partners on or before the due date (including extensions) for the partnership return. d The partnership is not filing and is not required to file Schedule M-3 X If 'Yes," the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1of Form 1065; or Item Lon Schedule K-1. 7 Is this partnership a publicly traded partnership as defined in section 469(kX2)? X 8 During the tax year, did the paitriership have any debt that was cancelled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt? X 9 Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on any reportable transaction? X 10 At any time during calendar year 2016, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See the instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If 'Yes," enter the name of the foreign country. ► UNITED KINGDOM X Form 1065 (2016) 611011 01-0547 2 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806147 Form 1065 (2016) NEXT MANAGEMENT LLC 13-3495607 Page 3 Schedule B I Other Information (continued) Yes No 11 At any time during the tax year, did the partnership receive a distrbution from, or was it the grantor of, or transferor to, a foreign trust? If 'Yes: the partnership may have to file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions X 12a Is the partnership making, or had it previously made (and not revoked), a section 754 election? X See instructions for details regarding a section 754 election. b Did the partnership make for this tax year an optional basis adjustment under section 743(b) or 734(b)? If Yes; attach a statement showing the computation and allocation of the basis adjustment See instructions X c is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b) because of a substantial built-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under section 734(d))? If Yes; attach a statement showing the computation and allocation of the basis adjustment. See instructions X 13 Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-kind exchange or contributed such property to another entity (other than disregarded entities wholly owned by the partnership throughout the tax year) II. = 14 At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other undivided interest in partnership property? X 15 If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded Entities, enter the number of Forms 8858 attached. See instructions Ir. 16 Does the partnership have any foreign partners? If 'Yes; enter the number of Forms 8805, Foreign Partner's Information Statement of Section 1446 Withholding Tax, filed for this partnership. la. X 17 Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships. attached to this return. O. 16a Did you make any payments in 2016 that would require you to file Form(s) 1099? See instructions X b If Wes; did you or will you file required Form(s) 1099? X 19 Enter the number of Form(s) 5471, Information Return of U.S. Persons WM Respect To Certain Foreign Corporations, attached to this return. Ill• 20 Enter the number of partners that are foreign governments under section 892. lifo. 21 During the partnership's tax year, did the partnership make any payments that would require it to file Form 1042 and 1042-S under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474)? 22 Was the partnership a specified domestic entity required to file Form 8938 for the tax year (See the Instructions for Form 8938)? X Designation of Tax Matters Partner (see instructions) Enter below the general partner or member-manager designated as the tax matters partner (TMP) for the tax year of this return: Name of Identifying designated TMP P. PARTNERSHIP HOLDING CORP. C/O NEXT MGMT numberofTMP ► TI the TMP is an entity, name of TMP Phone representative P. FAITH KATES numberofTMP ► Address of po. 15 WATTS STREET, 6TH FLOOR designated TMP NEW YORK, NY 10013 Form 1065 (2016) 511021 01-05-17 3 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806148 Form 1065 (2016) NEXT MANAGEMENT LLC 13-3495607 Page 4 I Schedule K I Partners' Distributive Share Items Total amount 1 Ordinary business income (loss) (page 1. line 22) 1 2,500,442. 2 Net rental real estate income (loss) (attach Form 8825) 2 3 a Other gross rental income (loss) 3a b Expenses from other rental activities (attach statement) I 3b c Other net rental income (loss). Subtract line 3b from line 3a 3c 4 Guaranteed payments 4 Income (Loss) 5 Interest income SEE STATEMENT 5 5 15,968. 6 Dividends: a Ordinary dividends 6a b Qualified dividends I eb 7 Royalties 7 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065)) 8 9 a Net long-term capital gain (loss) (attach Schedule 0 (Form 1065)) 9a b Collectibles (28%) gain (loss) 96 c Unrecaptured section 1250 gain (attach statement) 90 10 Net section 1231 gain (loss) (attach Form 4797) 10 11 Other income (loss) (see instructions) Type IP. 11 12 Section 179 deduction (attach Form 4562) 12 64,523. Deductions 13 a Contributions $88 STATEMENT 6 13a 12,512. b Investment interest expense 13b c Section 59(e)(2) expenditures: (1)TYPe Illb• (2)Amount Ila• 13c(2) d Other deductions (see instructions)Typelb. 13d Self- 14 a Net earnings (loss) from self-employment 14a Employ- b Gross farming or fishing income 14b ment c Gross nonfarm income 14c 15 a Low-income housing credit (section 42(N5)) 15a b Low-income housing credit (other) 15b La c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) 15c (5 d Other rental real estate credits (see instructions) TypeP. 15d e Other rental credits (see instructions) Type op. 15e f Other credits (see instructions) Type Ilab• 15f 16 a Name of country or U-S. possession Ill• b Gross income from all sources 16b c Gross income sourced at partner level 16c Foreign Transactions Foreign gross income sourced at partnership level P090 i... e General category ... IP. I Other Illi. 16f d C0010i r Deductions allocated and apportioned at partner level g Interest expense il• li Other II. 16h Deductions allocated and apportioned at partnership level to foreign source income fasu j General category . IN. k Other P. 16k I eitoly O. I Total foreign taxes (check one): Ill• Paid 0 Accrued U 161 mReduction in taxes available for credit (attach statement) 16m n Other foreign tax information (attach statement) 17 a Post-1986 depreciation adjustment 17a 161. Minimum Tax b Adjusted gain or loss 17b Alternative c Depletion (other than oil and gas) 17c (AMT) Items d Oil, gas, and geothermal properties - gross income 17d e Oil, gas, and geothermal properties - deductions 17e f Other AMT items (attach statement) 17f 18 a Tax-exempt interest income 18a Other Information b Other tax-exempt income 18b c Nondeductible expenses SEE STATEMENT 7 18c 127,818. 19 a Distributions of cash and marketable securities 19a 2,250,000. b Distributions of other property 19b 20 a Investment income 20a 15,968. b Investment expenses 20b c Other items and amounts (attach statement) Form 1065 (2016) 611041 01-05.1T 4 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806149 NEXT MANAGEMENT LLC Form 1065 (2016) 13-3495607 Pages Analysis of Net Income (Loss) 1 Not income eosS/ GOMM Schedule K. linos 1 Overeat 11. From thoreault. subtract the sum ot Schedule K. I nos 12 thr0141 lad. end 151 1 I 2,439,375. 2 Analysis by (II) Individual (III) Individual (v)Exempt (vi) (I) Corporate (active) (passive) (Iv)Partnership Organization Nominee/Other partner type: a General partners b Limited partners 2,439,375. Schedule L I Balance Sheets per Books Beginning of tax year End of tax year Assets (a) (b) (c) (d) 1 Cash 3,532,783. 2,895,029. 2a Trade notes and accounts receivable 9,290,056. 12,760,240. b Less allowance for bad debts 100,000. 9,190,056. 100,000. 12,660,240. 9 Inventories 4 U.S. govemment obligations 6 Tax-exempt securities 6 Other current assets (attach statement) STATEMENT 8 159,432. 235,194. 7a LOOM to partnere (Or pages related to partnere( b Mortgage and real estate loans 8 Other investments (attach statement) STATEMENT 9 83,446. 224,591. 9a Buildings and other depreciable assets 4,123,029. 4,187,551. b Less accumulated depreciation 3,396,487. 726,542. 3,560,781. 626,770. 10a Depletable assets b Less accumulated depletion 11 Land (net of any amortization) 12a Intangible assets (amortizable only) b Less accumulated amortization 13 Other assets (attach statement) STATEMENT 10 3,068,607. 2,555,716. 14 Total assets 16,760,866. 19,197,540. Liabilities and Capital 15 Accounts payable 12,182,330. 14,451,871. 16 Mortgages, note.. Dade payable elle% than I ) 17 Other current liabilities (attach statement) STATEMENT 11 1,786,832. 1,384,748. 18 All nonrecourse loans 19a Loans from partners (or paean related to partnere) b Mortgagee, notes. bonds payable al 1nag or one 20 Other liabilities (attach statement) STATEMENT 12 1,620,133. 1,690,964. 21 Partners' capital accounts 1,171,571. 1,669,957. 22 Total liabilities and capital 16,760,866. 19,197,540. I Schedule M-1 Reconciliation of Income (Loss) per Books With Income Loss) per Return Note. The partnership may be required to file Schedule M3 (see instructions) 1 Net income (loss) per books 2,748,386 . 6 Income recorded on books this year not included 2 Income included on Schedule K, lines 1,2,3c, on Schedule K, lines 1 through 11(itemize): 5,6a,7,8,9a,10, and 11, not recorded on books a Tax-exempt interest $ this year (itemize): STMT 14 60,281. 60,281. 3 Guaranteed payments (other than health 7 Deductions included on Schedule K, Nies 1 insurance) through 13d, and 161, not charged against 4 Expenses recorded on books MIS year not etcliodoi on book income this year (itemize): Schedule K. linos 1 ilverge 1St aid 161 etomiNo) a Depreciation $ STMT 13 148,Z77. STMT 15 529,371. 529,371. a Depreciation $ 55,231. 8 Add lines6and7 589,652. b Travel and entertainment $ 76,747. 280,641. 9 Income (loss) (Analysis of Net Income (Loss), 5 Add lines 1 through 4 3,029,027. line 1). Subtract line 8 from line5 2,439,375. Schedule M-21 Analysis of Partners Capital Accounts 1 Balance at beginning of year 1,171,571. 6 Distributions: a Cash 2,250,000. 2 Capital contributed: a Cash b Property b Properly 7 Other decreases (itemize): 3 Net income (loss) per books 2,748,386. 4 Other increases (itemize): 8 Add lines6and 7 2,250,000. Add lines 1Ihro 4 3,919,957. 9 Balance at one of raw. Subtract ha. 8 tom In, 5 1,669,957. 611042 01-05 5 Form 1065 (2016) 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806150 SCHEDULE M-3 Net Income (Loss) Reconciliation OMB No 1545.0123 (Form 1065) for Certain Partnerships Depattmeni cil lee Tioar443 Internal Revenue Service ►Attach to Form 1065 or Form 1065-B. IP. Information about Schedule 14-3 (Form 1065) and its instructions is at www.irs.gov/form 1065. 2016 Name of partnership Employer identification number NEXT MANAGEMENT LLC 13-3495607 This Schedule M-3 is being filed because (check all that apply): A LxJ The amount of the partnership's total assets at the end of the tax year is equal to $10 million or more. M The amount of the partnership's adjusted total assets for the year is equal to $10 million or more. If box B is checked, enter the amount of adjusted total assets for the tax year 21,447,540.. C The amount of total receipts for the tax year is equal to $35 million or more. If box Cis checked, enter the total receipts for the tax year D0 An entity that is a reportable entity partner with respect to the partnership owns or is deemed to own an interest of 50 percent or more in the partnership's capital, profit or loss, on any day during t e tax year of the partnership. Maximum Percentage Owned or Name of Reportable Entity Partner Identifying Number Deemed Owned E t I Voluntary Filer Part I Financial Information and Net Income (Loss) Reconciliation 1a Did the partnership file SEC Form 10-K for its income statement period ending with or within this tax year? Yes Skip lines lb and lc and complete lines 2 through 11 with respect to that SEC Form 10-K. W No. Go to line lb. See instructions if multiple non-tax-basis income statements are prepared. b Did the partnership prepare a certified audited non-tax-basis income statement for that period? Yes Skip line lc and complete lines 2 through 11 with respect to that income statement. W No. Go to line lc. c Did the partnership prepare a non-tax-basis income statement for that period? M Yes Complete lines 2 through 11 with respect to that income statement. No. Skip lines 2 through 3b and enter the partnership's net income (loss) per its books and records on line 4a. 2 Enter the income statement period: Beginning 0 1/ 01 / 2016 Ending 12/31/2016 3a Has the partnership's income statement been restated for the income statement period on line 2? I= Yes (If 'Yes,' attach a statement and the amount of each item restated.) M No. b Has the partnership's income statement been restated for any of the five income statement periods immediately preceding the period on line 2? Yes (If 'Yes,' attach a statement and the amount of each item restated.) M No. 4a Worldwide consolidated net income (loss) from income statement source identified in Part I, line 1 4a 2,748,386. b Indicate accounting standard used for line 4a (see instructions): 1 GMP 2 El IFRS 3 7O4(b) 4 Tax-basis 5 0 Other (specify)Ob. 5a Net income from nonincludtle foreign entities (attach statement) 6a ( b Net loss from nonincludible foreign entities (attach statement and enter as a positive amount) 6a Net income from nonincludtle U.S. entities (attach statement) 61 b Net loss from nonincludible U.S. entities (attach statement and enter as a positive amount) 6b 7a Net income (loss) of other foreign disregarded entities (attach statement) 7a b Net income (loss) of other U.S. disregarded entities (attach statement) 76 8 Adjustment to eliminations of transactions between includible entities and nonincludible entities (attach shot) 8 9 Adjustment to reconcile income statement period to tax year (attach statement) 9 10 Other adjustments to reconcile to amount on line 11 (attach statement) 10 11 Net income (loss) per Income statement of the partnership. Combine lines 4a through 10 _ 11 2,748,386. Note. Part I, line 11, must equal Pan II, line 26, column (a) or Schedule M-1, line 1(see instructions . 12 Enter the total amount (not just the partnership's share) of the assets and liabilities of all entities included or removed on the following lines: Total Assets Total Liabilities a Included on Part I, tine 4 19,197,540. 17,527,583. 0 Removed on Part I, line 5 c Removed on Part I. line 6 d Included on Part I. line 7 For Paperwork Reduction Act Notice, see the Instructions for your return. Schedule M-3 (Form 1065) 2016 610991 12-14.10 JWA 6 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806151 O4/S No. 1545-0172 Form 4562 Depreciation and Amortization (Including Information on Listed Property) OTHER 2016 Department ot the Penal/ Pro Attach to your tax return. AltaChrtiOnt Interne Revenue Service OS/ ► Information about Form 4562 and Its separate nstruetions is at www.irs.gov/fotm4562. Sequence No 179 Nampa/ Wren on rotum Huniffe“ Cr aCtivrZy to .atiCh t1,15 term !Qatar, identifying nurarer NEXT MANAGEMENT LLC 13-3495607 Part I I Election To Expense Certain Property Under Section 179 Note: If you have any listed property. complete Part V before you complete Part I. 1 Maximum amount (see instructions) 1 500,000. 2 Total cost of section 179 property placed in service (see instructions) 2 64,523. 3 Threshold cost of section 179 property before reduction in limitation 3 2,010,000. 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter'} 4 5 Dotra Imitation for tau yea. Subtract lino 4 tom line I. tl we Cc Imo. enter -0-. IImoral ging Watery. eat Insinrabil$ 5 500,000. 6 SgarecrIpbon 01property ON Coal Ibtvanner use only) (C) Meted ant SEE STATEMENT 16 64,523. 64,523. 7 Listed property. Enter the amount from line 29 7 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 8 64,523. 9 Tentative deduction. Enter the smaller of line 5 or line 8 9 64,523. 10 Carryover of disallowed deduction from line 13 of your 2015 Form 4562 10 11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 11 500,000. 12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11 12 64,523. 13 Carryover of disallowed deduction to 2017. Add lines 9 and 10. less line 12 ,, ,,, , Po' 13 Note: Don't use Part II or Part ill below for listed property. Instead. use Part V. I Part II I Special Depreciation Allowance and Other Depreciation (Don't include listed property.) 14 Special depreciation allowance for qualified property (other than [Wed property) placed in service during the tax year 14 15 Property subject to section 168(0(1) election 15 16 Other depreciation (including ACRS) 18 25,934. I Part III I MACRS Depreciation (Don't include listed property.) (See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2016 17 I 18,609. 18 you ere electing to gaup any assets placed Si savior Deno the tax yaar into one mom ganetal moat account*. chock hero .. ► n Section B - Assets Placed in Service During 2016 Tax Year Using the Gene al Depreciation System IC Monet and Iola as 10, clenreoraten (usineesInvarment use CH lareCneM rr,Voirroci lot Damecetial deduction IC Claarlicabon of progeny yea glared IWIOCI IC Convention in service only - .,00 inbIsuCtIonS) 19a 3-year property b 5-year property c 7-year property d 10.year property e 15-year property f 20-year property g 25-year property 25 yrs. Sit / 27.5 yrs. MM St h Residential rental property / 27.5 yrs. MM St / 39 yrs. MM St I Nonresidential real property / MM St Section C - Assets Placed In Service During 2016 Tax Year Using the Alternative Depreciation System 20a Class life Sit b 12-year 12 yrs. Sr_ c 40-year / 40 yrs. MM Sit Part IV I Summary (See instructions.) 21 Listed property. Enter amount from line 28 21 22 Total. Add amounts from line 12. lines 14 through 17, Ines 19 and 20 in column (g). and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations • see instr. 22 44,543. 23 For assets shown above and placed in service during the current year. enter the portion of the basis attributable to section 263A costs 23 615251 17-21-16 LHA For Paperwork Reduction Act Notice, see separate Instructions. Form 4562 (2016) 7 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806152 Form 4562J2016) NEXT MANAGEMENT LLC 13-3495607 Page 2 I Part V I Listed Property (Include automobiles, certain other vehicles, certain aircraft, certain computers, and property used for entertainment. recreation. or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b. columns (a) through (c) of Section A. all of Section B. and Section C if applicable. Section A - Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.) 24a Do you have evidence to s pport the business/investment use claimed? Li Yes L_I No 24b If 'Yes.' is the evidence written', L_I Yes Li No (a) (b) (c) (d) (e) M W) (h) M Type of property Date Business/ or Baas ion:loemcrauon Recovery Depreciation Elected placed in investment Cost period (list vehicles first) other basis tbusinamonnmatmont Convention deduction section 179 service use percentage Ma onbr) cost 25 Special depreciation allowance for qualified listed property placed in service during the tax year and used more than 50% in a qualified business use 25 26 Property used more than 50% in a qualified business use: 27 Property used 50% or less in a qualified business use: S/L • S/L • 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 1 28 29 Add amounts in column line 26. Enter here and on tine 7. 1 1 29 Section B - Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor. partner, or other "more than 5% owner," or related person. If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles. (a) (b) (e) (d) (e) M 30 Total business/investment miles driven during the Vehicle Vehicle Vehicle Vehicle Vehicle \retitle year (don'tinclude commuting miles) 31 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles driven 33 Total miles driven during the year. Add Ines 30 through 32 34 Was the vehicle available for personal use Yes No Yes No Yes No Yes No Yes No Yes No during off•cluty hours? 35 Was the vehicle used primarily by a more than 5% owner or related person? 36 Is another vehicle available for personal use? Section C • Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who aren't more than 5% owners or related persons. 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your es N employees? 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners 39 Do you treat all use of vehicles by employees as personal use? 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? 41 Do you meet the requirements concerning qualified automobile demonstration use? Note: If answer to 37, 38, 39, 40, or 41 is 'Yes," don' complete Section B for the covered vehicles I Part VI Amortization (a) (b) lc) (d) (e) I) Dosamtion 01 Coat* Date mortiraton Amortizable amount Code SOCtion Anow0 AillentlatIOn ICI this yew beans miodoimmwe 42 Amortization of costs that begins during your 2016 tax year 43 Amortization of costs that began before your 2016 tax year 43 201,053. 44 Total. Add amounts in column (f). See the instructions for where to report 44 201,053. 610252 12-21.16 Form 4562 (2016) 8 14370912 758404 PNEXT10O 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806153 2016 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 ils..so Date C LIN, Unadjusted Bus Section 179 Reduction In Basis For Beginning Current Current Year Ending No Description Acquired Method Life , • 14° Cost Or Basis % Expense Basis Depreciation Accumulated Sec 179 Deduction Accumulated Excl Depreciation Expense Depreciation 105 MAINTENANCE (NY) 02/25/04 SL 3.00 16 7,750. D. • OTHER TOTAL OTHER 7,750. 0. 0, 0, MACHINERY & EQUIPMENT 2 COMPUTER EQUIPMENT(NY) 10/31/91 SL 5,00 16 16,816. 16,816. 16,816. O. 16,816. 4 OFFICE EQUIPMENT (NY) 01/04/89 SL 5.00 16 12,215. 12,215. 12,215. D. 12,215. 5 COMPUTER EQUIPMENT (NY) 01/04/89 SL 5,00 16 47,819. 47,819. 47,819, 0. 47,819. 8 OFFICE EQUIPMENT(NY) 07/01/90 SL 5.00 16 6,535. 6, ti lti. D. 11 COMPUTER EQUIPMENT (NY) 01/31/92 SL 5,00 16 8,539. 8,539, 8,539, 0. 8,539, 12 PRINTER (NY) 02/26/93 SL 5.00 16 4,241. 4,241. 4,241. D. 4,241. 13 OFFICE EQUIPMENT (NY) 05/10/93 SL 5,00 16 2,382. 2,382, 2,382, 0. 2,382, 14 OFFICE EQUIPMENT (NY) 10/01/93 SL 5.00 16 2,454. 2,454. 2,454. D. 2,454. 15 COMPUTER EQUIPMENT (NY) 11/01/93 SL 5,00 16 31,034. ..':. 5Cu. 13,534. 13,534. O. 13,534, 23 OFFICE EQUIPMENT (NY) 07/01/95 SL 5.00 16 55,855. 55,855. 55,855. D. 55,855. 28 OFFICE EQUIPMENT (NY) 07/01/96 SL 5,00 16 45,326. 45,326. 45,326. O. 45,326, 42 OFFICE EQUIPMENT (NY) 07/01/98 SL 5.00 16 126,474. 126,474. 126,474. D. 126,474. 50 COMPUTER EQUIPMENT (NY) 07/01/99 SL 5,00 16 202,098. 202,098. 202,098. O. 202,098. 53 COMPUTER EQUIPMENT (NY) 07/01/97 SL 5.00 16 38,206. 38,206. 38,206. D. 38,206. 55 COMPUTER -96 RETIRED 07/01/96 SL 5.00 16 -19,757. -19,757, -19,757, 0. -19,757, 62a III 04.01.16 (D) Asset disposed ITC. Salvage Bonus. Commercial Revitalization Deduction. GO Zone 8.1 EFTA00806154 2016 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 Date c co nadjusted Bus Section 179 Reduction In Basis For Beginning Current Current Year Ending No Description Acquired Method Life g No Cost Or Basis % Expense Basis Depreciafion Accumulated Sec 179 Deduction Accumulated v Excl Depreciation Expense Depreciation 56 COMPUTER EQUIPMENT (NY) 07/01/0C SL 5.00 16 174,341. 174,341. 174,341, D. 174,341. 61 OFFICE EQUIPMENT (NY) 01/01/01 SL 5.00 16 2,014. 2,014. 0. 62 OFFICE EQUIPMENT (NY) 01/01/01 SL 5.00 16 1,959. 1,959. D. 71 COMPUTER EQUIPMENT (NY) 04/10/03 SL 5.00 16 41,698. 41,698. 0. 72 COMPUTER EQUIPMENT (NY) 04/10/03 SL 5.00 16 20,169. 20,169. D. 73 COMPUTER EQUIPMENT (NY) 04/24/03 SL 5.00 16 3,372, 3,372. 0. 74 COMPUTER EQUIPMENT (NY) 05/23/03 SL 5.00 16 4,443. 4,443. D. 75 COMPUTER EQUIPMENT (NY) 06/17/03 SL 5.00 16 6,582. 6,582. 0, 76 COMPUTER EQUIPMENT (NY) 07/22/03 SL 5.00 16 5,359. 5,359. D. 77 COMPUTER EQUIPMENT (NY) 08/06/03 SL 5.00 16 19,961. 19.961. 0, 78 OFFICE EQUIPMENT (NY) 08/22/03 SL 5.00 16 8,045. 4,023. 4,022. 4,022, D. 4,022. 103 COMPUTER EQUIPMENT (NY) 04/01/03 SL 5.00 16 46,500. 13,950. 32,550. 32,550. 0. 32,550. 104 OFFICE EQUIPMENT (NY) 01/05/04 SL 5.00 16 10,835. 10,835. D. 120 OFFICE EQUIPMENT (NY) 02/07/05 SL 5.00 16 6,714. 6,714. O. 121 OFFICE EQUIPMENT (NY) 02/05/05 SL 5.00 16 2,496. 2,496. D. 122 OFFICE EQUIPMENT (NY) 02/15/05 SL 5.00 16 2,086. 2,086. 0. 123 OFFICE EQUIPMENT (NY) 11/01/05 SL 5.00 16 13,164. 13,164. D. 128 OFFICE EQUIPMENT (NY) 02/16/06 SL 5,00 16 9,755, 9,755. O. 628111 0 -01.16 (D) Asset disposed ITC. Salvage Bonus. Commercial Revitalization Deduction. GO Zone 8.2 EFTA00806155 2018 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 ASSOI Date G Line Unadjusted Bus Section 179 Reduction In Basis For Beginning Current Current Year Ending 140. Description Acquired Method Life °n No Cost Or Basis % Expense Basis Depreciation Accumulated Sec 179 Deduction Accumulated Excl Depreciation Expense Depreciation 135 OFFICE EQUIPMENT (NY) 05/15/07 SL 5.00 16 39,598. 39,598. D. 136 OFFICE EQUIPMENT (NY) 11/20/07 SL 5.00 16 19,628. 19,628. 0. 143 OFFICE EQUIPMENT (NY) 03/18/08 St 5.00 16 8,967. 8,967. D. 144 OFFICE EQUIPMENT (NY) 05/07/08 SL 5.00 16 16,400. 16,400. 0. 145 OFFICE EQUIPMENT (NY) 07/02/08 St 5.00 16 11,364. 11,364. D. 156 OFFICE EQUIPMENT (NY) 05/31/11 SL 5.00 16 4,382. 4,382. 0. 161 OFFICE EQUIPMENT (NY) 02/22/12 St 5.00 16 6,075. 6,075. D. 162 OFFICE EQUIPMENT (NY) 06/22/12 SL 5.00 16 3,325. 3,325. 0. 163 OFFICE EQUIPMENT (NY) 08/05/13 St 5.00 16 11,001. 11,001. D. 172 OFFICE EQUIPMENT (NY) 03/28/14 SL 5.00 16 22,211. 22,211. 0. • OTHER TOTAL MACHINERY & EQUIPMENT 1,102,681. 335,566. 767,115. 767,115. D. 767,115. • OTHER TOTAL - 1,110,431. 7,750. 335,566. 767,115. 767,115. 0. 767,115. 106 MAINTENANCE (FL) 02/25/04 SL 3.00 16 2,500. 2,500. D. 192 OFFICE EQUIP-FL 08/06/03 200DB 5.00 HY17 2,098. 1,049. 1,049. 1,049. O. 1,049. ' OTHER TOTAL OTHER 4,598. 2,500. 1,049. 1,049. 1,049. D. 1,049. MACHINERY & EQUIPMENT 1 OFFICE EQUIPMENT (FL) 08/31/91 St 5.00 16 12,526. 12,526. 12,526. D. 12,526. OFFICE EQUIPMENT (USED CAR 16 (FL)) 06/01/93 SL 5.00 16 2,500. 2,500. 2,500. D. 2,500. 626111 04.01-16 (D) Asset disposed • ITC. Salvage Bonus. Commercial Revitalization Deduction. GO Zone 6.3 EFTA00806156 2016 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 Ar..c.0 Date G Lips, Unadjusted Bus Secfion179 ReductmnIn BasmFor Mnin Current CunentYear Endm No Description Acquired Method Life '.) No Cost0rBasm ,0 Expense Basis Depmcmfion Accumulated Sec179 Deduction Accumulated Excl Depreciation Expense Depreciation 29 OFFICE EQUIPMENT (FL) 07/01/96 SL 5.00 16 10,695. 10,695. 10,695. D. 10,695. 43 OFFICE EQUIPMENT (FL) 07/01/98 SL 5.00 16 77,109. 77,109. 77,109. 0, 77,109, 51 COMPUTER EQUIPMENT (FL) 07/01/99 SL 5.00 16 45,399. 45,399. 45,399. D. 45,399. 54 COMPUTER EQUIPMENT (FL) 07/01/97 SL 5.00 .6 12,929. 12,929. 12,929. 0, 12,929, 57 COMPUTER EQUIPMENT (FL) 07/01/00 SL 5.00 16 66,827. 66,827. 66,827. D. 66,827. 63 OFFICE EQUIPMENT (FL) 01/01/01 SL 5.00 16 4,899. 4,899. 0, 64 OFFICE EQUIPMENT (FL) 01/01/01 SL 5.00 16 4,244. 4,244. D. 79 OFFICE EQUIPMENT (FL) 04/09/03 SL 5.00 16 11,449. 3,435. 6,014. 6,014. 0, 8,014, 80 OFFICE EQUIPMENT (FL) 04/09/03 SL 5.00 16 5,563. 1,669. 3,894. 3,894. D. 3,894. 81 OFFICE EQUIPMENT (FL) 04/09/03 SL 5.00 16 15,000. 4,500. 10,500, 10,500, 0. 10,500. 82 OFFICE EQUIPMENT (FL) 06/03/03 SL 5.00 16 4,088. 2,044. 2,044. 2,044. D. 2,044. 83 OFFICE EQUIPMENT (FL) 06/30/03 SL 5,00 16 1,880. 940. 940, 940, 0, 940. 84 OFFICE EQUIPMENT (FL) 08/06/03 SL 5.00 16 2,187. 1,093. 1,094. 1,094. D. 1,094. 85 OFFICE EQUIPMENT (FL) 10/02/03 SL 5,00 16 1,639. 819. 820, 820. 0, 820. 86 OFFICE EQUIPMENT (FL) 11/18/03 SL 5.00 16 3,355. 1,678. 1,677. 1,677, D. 1,677. 87 OFFICE EQUIPMENT (FL) 12/31/03 SL 5,00 16 3,596. 1,798. 1,798, 1,798. 0, 1,798, 114 OFFICE EQUIPMENT (FL) 02/07/05 SL 5.00 16 2,110. 2,110, D. 129 OFFICE EQUIPMENT (FL) 02/09/06 SL 5,00 16 5,550. 5,550. 0, 628111 0 -01.16 (D) Asset disposed ITC. Salvage Bonus. Commercial Revitalization Deduction. GO Zone 8.4 EFTA00806157 2018 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 /1.6441 Date G Ur* Unadjusted Bus Section 179 Reduction In Basis For Beginning Current Current Year Ending No. Description Acquired Method Life n° No Cost Or Basis % Expense Basis Depreciation Accumulated Sec 179 Deduction Accumulated Exci Depreciation Expense Depreciation 137 OFFICE EQUIPMENT (FL) 05/15/07 SL 5.00 16 11,175. 11,175. D. 138 OFFICE EQUIPMENT (FL) 11/20/07 SL 5.00 16 5,328. 5,328. 0, 146 OFFICE EQUIPMENT (FL) 01/23/08 St 5.00 16 12,116. 12,116. D. 193 COMPUTER EQUIPMENT(FL) 10/31/91 SL 5.00 16 1,225. 1,225. 1,225, 0, 1,225. • OTHER TOTAL MACHINERY & EQUIPMENT 323,389. 63,398, 259,991. 259,991. D. 259,991. • OTHER TOTAL - 327,987. 2,500. 64,447. 261,040. 261,040, 0, 261,040. MACHINERY & EQUIPMENT 52 COMPUTER EQUIPMENT (CA) 07/01/99 SL 5.00 16 69,509. 69,509. 69,509, 0, 69,509. 58 COMPUTER EQUIPMENT (CA) 07/01/0C St 5.00 16 66,027. 66,027. 66,027. D. 66.027. 65 OFFICE EQUIPMENT (CA) 01/01/01 SL 5.00 16 1,161. 1,161. 0, 66 OFFICE EQUIPMENT (CA) 01/01/01 St 5.00 16 1,546. 1,546. D. 67 OFFICE EQUIPMENT (CA) 01/01/01 SL 5.00 16 1,132. 1,132. 0, 68 OFFICE EQUIPMENT (CA) 01/01/01 St 5.00 16 2,273. 2,273. D. 69 OFFICE EQUIPMENT (CA) 07/15/02 SL 5.00 16 4,569. 4,569. 0, 88 OFFICE EQUIPMENT (CA) 04/09/03 St 5.00 16 17,211. 5.163. 12,048. 12,048. D. 12,048. 89 OFFICE EQUIPMENT (CA) 04/16/03 SL 5.00 16 15,000. 4,500. 10,500. 10,500. 0, 10,500. 90 OFFICE EQUIPMENT (CA) 06/30/03 St 5.00 16 6,016. 3.008. 3,008. 3,008. D. 3,008. 91 OFFICE EQUIPMENT (CA) 12/31/03 SL 5,00 16 2,420. 1,210, 1,210. 1,210, 0, 1,210. 626111 04.01-16 (D) Asset disposed • ITC. Salvage Bonus. Commercial Revitalization Deduction. GO Zone 8.5 EFTA00806158 2O16 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 40:-.M Date G Lire Unadjusted Bus Secfion179 Reductionln Basis For Beginning Current Current Year Ending No Description Acquired Method Life (.) No Cost Or Basis % Expense Basis Depreciation Accumulated Sec179 Deduction Accumulated Excl Depreciation Expense Depreciation 107 OFFICE EQUIPMENT (CM 09/29/04 SL 5.00 16 8,646. 8,646. D. 113 OFFICE EQUIPMENT (CA) 01/01/04 SL 5.00 16 2,500. 2,500. 0. 115 OFFICE EQUIPMENT (CA) 03/16/05 SL 5.00 16 1,984. 1.984. D. 139 OFFICE EQUIPMENT (CA) 05/15/07 SL 5.00 16 8,293. 8,293. 0. 140 OFFICE EQUIPMENT (CA) 11/20/07 SL 5.00 16 3,084. ?.n-4. D. 147 OFFICE EQUIPMENT (CA) 01/23/08 SL 5.00 16 14,069. 0. 157 OFFICE EQUIPMENT (CA) 11/14/11 SL 5.00 16 13,425. D. 180 OFFICE EQUIPMENT (CA) 12/31/15 200D 5.00 HY17 35,905. ,-, 0. 195 OFFICE EQUIPMENT (CA) 04/26/16 200D 5.00 HY19)1 4,927. 4,927. 4.927. • OTHER TOTAL MACHINERY & EQUIPMENT 279,697. 40,832. 74,563. 162,302. 162,302. 4,927 • 4,927. 162 302. ' OTHER TOTAL - 279,697. 40 ,832. 76 563. 162 302. 162 302. 4,927. 4,927. 162,302. BUILDINGS 6 LEASEHOLD IMPROVEMENT (NY) 01/04/89 SL 5.00 16 25,209. 25,209. 25,209. D. 25,209. 9 LEASEHOLD IMPROVEMENT (NY) 07/01/90 SL 31.0 16 33,158. 33,158. 33,158. 0. 33,158. 17 LEASEHOLD IMPROVEMENT (NY) 02/28/94 SL 39.0 )42017 8,179. 8,179. 4,384. 21D. 4,594. 18 LEASEHOLD IMPROVEMENT (NY) 04/30/94 SL 39.0 1007 2,319. 2,319. 1,222. 59. 1,281. 19 LEASEHOLD IMPROVEMENT (NY) 07/31/94 SL 39.0 NV17 10,964. 10,964. 5,749. 281. 6,03D. 20 LEASEHOLD IMPROVEMENT (NY) 08/31/94 SL 39.0 MM17 32,074. 32,074. 16,749. 822. 17,571, 628111 0 -01-16 (D) Asset disposed ITC. Salvage Bonus. Commercial Revitalization Deduction. GO Zone 8.6 EFTA00806159 2018 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 &Wit Date ,, um Unadjusted Bus Section179 Reductionln BasisFor Beginning CurreM CurrentYear Ending No Description Acquired Method Life n No CostOrBasis % Expense Bash Depreciation Accumulated Sec179 Deduction Accumulated v Excl Depreciation Expense Depreciation 21 LEASEHOLD IMPROVEMENT (NY) 10/30/94 SL 39.00 )41,17 11,325. 11,325. 5,861. 29D. 6,151. 22 LEASEHOLD IMPROVEMENT (NY) 11/30/94 SL 39.00 1007 12,425. 12,425. 6,420. 319. 6,739. 24 LEASEHOLD IMPROVEMENT (NY) 07/01/95 SL 39.00 )41,17 12,155. 12,155. 6,417. 312. 6,729. 30 LEASEHOLD IMPROVEMENT (NY) 07/01/96 SL 39.00 1007 54,075. 54,075. 26,970. 1,386. 28,356. 34 LEASEHOLD IMPROVEMENT (NY) 07/01/97 SL 39.00 )41,17 55,400. 55, 400 , 26,212. I , 42D. 27,632. 37 LEASEHOLD IMPROVEMENT (NY) 11/22/98 SL 39.00 1007 11,700. 11,700. 5,138. 300. 5,436. 47 LEASEHOLD IMPROVEMENT (NY) 07/01/99 SL 39.00 )41,17 112,785. 112,785. 47,599. 2,892. 50,491. 59 LEASEHOLD IMPROVEMENT (NY) 07/01/00 SL 39.00 1007 37,330. 37,330. 14,794, 957. 15,751. 92 LEASEHOLD IMPROVEMENT (NY) 06/22/03 St 39.00 )41,17 103,492. 51,746. 51,746. 16,643. 1,327. 17,970. 93 LEASEHOLD IMPROVEMENT (NY) 07/24/03 SL 39.00 MM17 26,080. 13,040. 13,040. 4,161, 334. 4,495. 94 LEASEHOLD IMPROVEMENT (NY) 08/12/03 St 39.00 M1017 17,758. 8,879. 8,879. 2,822. 228. 3,050. 95 LEASEHOLD IMPROVEMENT (NY) 09/18/03 SL 39.00 MM17 128,435. 64,218. 64,217, 20,245, 1,647. 21,892. 96 LEASEHOLD IMPROVEMENT (NY) 10/28/03 St 39.00 M1017 16,767. 8,384. 8,383. 2,625. 215. 2,840. 97 LEASEHOLD IMPROVEMENT (NY) 11/19/03 SL 39.00 1007 41,981. 20,991. 20,990. 6,523. 538, 7,061, 108 LEASEHOLD IMPROVEMENT (NY) 01/16/04 SL 39.00 )41,17 5,649. 2,825. 2,824. 861. 72. 933. 109 LEASEHOLD IMPROVEMENT (NY) 02/17/04 SL 39.00 1007 7,686. 3,843. 3,843. 1,175. 99. 1,274, 110 LEASEHOLD IMPROVEMENT (NY) 12/31/04 150DB 15.00 HYI7 25,000. 12,500. 12,500. 9,587. 739. 10,326. 130 LEASEHOLD IMPROVEMENT (NY) 02/21/06 150DB 15.00 HY17 10,485„ 10,485. 7,080. 620, 7,700, 628111 04-01-16 (D) • Asset disposed • ITC. Salvage Bonus. Commercial Revitalization Deduction. GO Zone 8.7 EFTA00806160 2016 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 As.so Date G up,' Unadjusted Bus Secfion179 Reductionln Basis For Beginning Current Current Year Ending No Description Acquired Method Life g No Cost Or Basis ,0 Expense Basis Depreciation Accumulated Sec179 Deduction Accumulated Excl Depreciation Expense Depreciation 131 LEASEHOLD IMPROVEMENT (NY) 03/03/06 150DB 15.0 HY17 21,461. 21,461. 14,489. 1,268. 15,757. 148 LEASEHOLD IMPROVEMENT (NY) 02/12/08 150DB 15.0 HY17 11,736. 5,868. 5,868, 3,079. 347. 3,426. 149 LEASEHOLD IMPROVEMENT (NY) 12/19/08 150DB 15.0 HY17 16,000. 8,000. 8,000. 3,803. 473. 4,276. 153 LEASEHOLD IMPROVEMENT (NY) 07/01/10 150DB 15.0 HY17 75,753. 75,753. 0. 155 LEASEHOLD IMPROVEMENT (NY) 11/14/11 150DB 15.0 HY17 11,227. 11,227. D. 158 LEASEHOLD IMPROVEMENT (NY) 05/04/12 150DB 15.0 HY17 4,167. 4,167. 0. 159 LEASEHOLD IMPROVEMENT (NY) 11/10/12 150DB 15.0 HY17 14 D59. 14,059. D. 164 LEASEHOLD IMPROVEMENT (NY) 09/19/13 150DB 15.0 HY17 131,030. 131,030. 0, 165 LEASEHOLD IMPROVEMENT (NY) 12/17/13 150DB 15.0 HY17 9,633. 9,633. D. 166 LEASEHOLD IMPROVEMENT (NY) 12/31/13 150DB 15.0 HY17 100,954. 100,954, 0. 173 LEASEHOLD IMPROVEMENT (NY) 02/27/14 150DB 15.0 HY17 12,760. 12,760. D. 174 LEASEHOLD IMPROVEMENT (NY) 06/04/14 150DB 15.0 HY17 156,004. 156,004, 0, 181 LEASEHOLD IMPROVEMENT (NY) 08/05/15 150DB 15.0 HY17 63,396. 63,396. D. • OTHER TOTAL BUILDINGS 1,430,611. 578,983. 200,294. 651,334. 318,975. 17,155. 336,130, ' OTHER TOTAL - 1,430,611. 578,983. 200,294. 651,334. 318,975. 17,155. 338,13D. BUILDINGS 38 LEASEHOLD IMPROVEMENT (FL) 08/28/98 St 39.0C MY17 i Q Ls.. 29,553. 13,171. 758. 13,929. 167 LEASEHOLD IMPROVEMENT (FL) 09/26/13 150DB 15.0 HY17 13,994. 13.994• D. 628111 0 -01.16 (D) Asset disposed ITC. Salvage. Bonus. Commercial Revitalization Deduction. GO Zone 8.8 EFTA00806161 2016 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 /461/01 Date G ur4 Unadjusted Bus Secfion179 Reductionln Basis For Beginning Current Current Year Ending NO Description Acquired Method Life g No Cost Or Basis ,0 Expense Basis Depreciation Accumulated Sec179 Deduction Accumulated Excl Depreciation Expense Depreciation 182 LEASEHOLD IMPROVEMENT (FL) 09/25/15 150DB 15.0 HY17 25,179. 25,179. D. • OTHER TOTAL BUILDINGS 68,726. 39,173. 29,553, 13,171, 758, 13,929, ' OTHER TOTAL - 68,726. 39,173. 29,553. 13,171. 758. 13,929. 196 LEASEHOLD IMPROVEMENT (CA) 01/05/16 150DB 15,0 HY19E 11,130. 11,130. 11,130, 11,130, 197 LEASEHOLD IMPROVEMENT (CA) 03/23/16 150DB 15.0 HY19E 25,305. 25,305. 25,305. 25,305. 198 LEASEHOLD IMPROVEMENT (CA) 06/14/16 150DB 15,0 HY19E 10,561. 10,561. 10, 561 • 10,561. ' OTHER TOTAL OTHER 46,996. 46,996. 0. 0. 46,996. 46,996. D. BUILDINGS 25 LEASEHOLD IMPROVEMENT (CA) 07/01/95 SL 39.0 H1017 11,498. 11,498. 6,067. 295. 6,362. 116 LEASEHOLD IMPROVEMENT (CA) 02/24/05 150DB 15.0 HY17 6,000. 6,000. 4,407, 354. 4,761. 117 LEASEHOLD IMPROVEMENT (CA) 03/21/05 150DB 15.0 HY17 800. 800. 586. 47. 633. 160 LEASEHOLD IMPROVEMENT (CA) 09/16/12 150DB 15.0 HY17 5,285. -.;-,-,. 0. 168 LEASEHOLD IMPROVEMENT (CA) 08/31/13 150DB 15.0 HY17 21,300. i D. 183 LEASEHOLD IMPROVEMENT (CA) 06/26/15 150DB 15.0 HY17 44,230. 0. ' OTHER TOTAL BUILDINGS 89,113. 18,298. 11,060. 696. 11,756. ' OTHER TOTAL - 136,109. l' n 18,298. 11,060. 46,996. 47,692. 11,756, FURNITURE & FIXTURES 3 FURNITURE & FIXTURES (NY) 05/31/91 SL 7.00 16 4,775. 4,775, 4,775, 0, 4,775, 628111 04.01.16 (D) Asset disposed ITC. Salvage Bonus. Commercial Revitalization Deduction. GO Zone 8,9 EFTA00806162 2016 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 Date C um Unadjusted Bus Section 179 Beductionin BasisFor Beginning CureM CullentYear Endm r Description Acquired Method Life ,, N° CostOrBasis % Expense Basis Depreciation Accumulated Sec179 Deduction Accumulated Excl Depreciation Expense Depreciation 7 FURNITURE & FIXTURES (NY) 01/04/89 St 5.00 16 26,013. 26,013. 26,013. D. 26,013. 10 FURNITURE & FIXTURES (NY) 07/01/90 SL 7.00 16 4,541 . 3,465. 1,076, 1,076. 0. 1,076, 26 FURNITURE & FIXTURES (NY) 07/01/95 SL 7.00 16 31,451. 31,451. 31,451. D. 31,451. 31 FURNITURE & FIXTURES (NY) 07/01/96 SL 7.00 16 35,874. 17,500. 18,374, 18,374. 0. 18,374, 35 FURNITURE & FIXTURES (NY) 07/01/97 SL 7.00 16 8,872. 8.872, D. 39 FURNITURE & FIXTURES (NY) 07/01/98 SL 7,00 16 12,254. 12,254, 12,254. 0. 12,254, 48 FURNITURE & FIXTURES (NY) 07/01/99 SL 7.00 16 66,766. 66,766. 66,766. D. 66,766. 60 FURNITURE & FIXTURES (NY) 07/01/00 SL 7,00 16 39,506. 39,506, 39,506. 0. 39,506, 70 FURNITURE & FIXTURES (NY) 04/30/02 SL 7.00 16 12,000. D. 98 FURNITURE & FIXTURES (NY) 11/25/03 SL 7,00 16 3,598. 1,799, 1,799, 1,799, 0. 1,799. 99 FURNITURE & FIXTURES (NY) 12/04/03 SL 7.00 16 28,027. 14,014. 14,013. 14,013. D. 14,013. 100 FURNITURE & FIXTURES (NY) 08/08/03 SL 7,00 16 48,543. 24,272, 24,271, 24,271, 0. 24,271. 101 FURNITURE & FIXTURES (NY) 09/26/03 St 7.00 16 3,874. 1,937. 1,937. 1,937. D. 1,937. 102 FURNITURE & FIXTURES (NY) 12/08/03 SL 7,00 16 7,275. 3,638. 3,637, 3,637, 0. 3,637. 111 FURNITURE & FIXTURES (NY) 11/23/04 St 7.00 16 6,001. 6,001, D. 112 FURNITURE & FIXTURES (NY) 01/30/04 SL 7,00 16 165. 165. 0. 124 FURNITURE & FIXTURES (NY) 01/20/05 St 7.00 16 6,215. 6,215. D. 125 FURNITURE & FIXTURES (NY) 03/11/05 SL 7,00 16 111, 111, 0. 628111 04.01.16 (D) • Assot disposed • ITC. Salvage. Bonus. Commercial Revitalization Deduction. GO Zone 8.10 EFTA00806163 2016 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 Ar.so Date G Lips, Unadjusted Bus Secfion179 Reductionln BasmFor BegMnMg Current CurrentYear Endmg No Description Acquired Method Life '.) No Cost0rBasm ,0 Expense Basis Depmcmfion Accumulated Sec179 Deduction Accumulated Excl Depreciation Expense Depreciation 126 FURNITURE & FIXTURES (NY) 06/17/05 SL 7.00 16 8,440. 8,440. D. 127 FURNITURE & FIXTURES (NY) 07/14/05 SL 7.00 16 936. 936. 0. 134 FURNITURE & FIXTURES (NY) 03/14/06 SL 7.00 16 4,664. 4,664. D. 141 FURNITURE & FIXTURES (NY) 02/14/07 SL 7.00 16 4,881. 4,881. 0. 142 FURNITURE & FIXTURES (NY) 05/15/07 SL 7.00 16 6,610. 6,610, D. 150 FURNITURE & FIXTURES (NY) 05/07/08 SL 7.00 16 3,542. 3,542. 0. 151 FURNITURE & FIXTURES (NY) 12/26/08 SL 7.00 16 4,400. 4,400. D. 152 FURNITURE & FIXTURES (NY) 01/23/09 SL 7.00 16 4,400. 4,400. 0. 154 FURNITURE & FIXTURES (NY) 01/14/10 SL 5.00 16 1,214. 1,214. D. 169 FURNITURE & FIXTURES (NY) 08/08/13 SL 7.00 16 39,929. 39,929. 0. 170 FURNITURE & FIXTURES (NY) 12/31/13 SL 7.00 16 11,688. 11,688. D. 175 FURNITURE & FIXTURES (NY) 01/10/14 SL 7.00 16 23,085. 23,085. 0. 176 FURNITURE & FIXTURES (NY) 02/14/14 St 7.00 16 41,566. 41,566, D. 177 FURNITURE & FIXTURES (NY) 05/07/14 SL 7.00 16 17,813. 17,813. 0. 185 FURNITURE & FIXTURES (NY) 07/01/15 200DB 7.00 rim 8,706. a , 706 • D. . OTHER TOTAL FURNITURE & FIXTURES 527,735. 8,706, 273,157. 245,872. 245,872. 0. 245,872. ' OTHER TOTAL - 527,735. 8,706. 273,157. 245,872, 245,872. D. 245,872. FURNITURE & FIXTURES 626111 04.01.16 U) Asset disposed ITC. Salvage. Bonus. Commercial Revitalization Deduction. GO Zone EFTA00806164 2016 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 Date C co nadjusted Bus Sedon 179 Reduction In Basis For Beginning Current Current Year Ending No Description Acquired Method Life g No Cost Or Basis % Expense Basis Depreciafion Accumulated Sec 179 Deduction Accumulated v Excl Depreciation Expense Depreciation 32 FURNITURE & FIXTURES (FL) 07/01/96 St 7.00 16 16,528. 16,528. 16,528. D. 16,528. 36 FURNITURE & FIXTURES (FL) 07/01/97 SL 7.00 16 1,952. 1,952. 0. 40 FURNITURE & FIXTURES (FL) 07/01/98 SL 7.00 16 21,639. 21,639, 21,639. D. 21,639. 49 FURNITURE & FIXTURES (FL) 07/01/99 SL 7.00 16 1,953. 1,953. 1,953. 0, 1,953, 132 FURNITURE & FIXTURES (FL) 05/15/06 SL 7.00 16 2,789. D. 133 FURNITURE & FIXTURES (FL) 07/20/06 SL 7,00 16 2,999. 2,797. 0. 171 FURNITURE & FIXTURES (FL) 01/29/13 SL 7.00 16 2,825. 2, n ti. D. 178 FURNITURE & FIXTURES (FL) 07/10/14 SL 7,00 16 7,196. 7,196. 0. 184 FURNITURE & FIXTURES (FL) 10/12/15 200D 7.00 Mr1.7 3,778, 3 ,778 • D. 194 FURNITURE & FIXTURES (FL) 06/01/91 SL 7,00 16 16,047. 16,047. 16,047, 0. 16,047. ' OTHER TOTAL FURNITURE & FIXTURES 77,706. 3,778. 17761. 56,167, 56,167. D. 56,167. • OTHER TOTAL - 77,706. 3,778, 17,761. 56,167. 56,167, 0. 56,167. FURNITURE & FIXTURES 27 FURNITURE & FIXTURES (CA) 07/01/95 St 7.00 16 16,832. 16,832. 16,832. 0. 16,832, 33 FURNITURE & FIXTURES 07/01/96 St 7.00 16 6,256. 6,256. 6,256. D. 6,256. 41 FURNITURE & FIXTURES (CA) 07/01/98 SL 7.00 16 13,092. 13,092. 13,092. 0, 13,092, 118 FURNITURE & FIXTURES (CA) 03/16/05 St 7.00 16 6,191. 6,191. D. 119 FURNITURE & FIXTURES (CA) 04/29/05 SL 7.00 16 7,975. 7,975. 0, 628111 0 -01.16 (D) Asset disposed ITC. Salvage Bonus. Commercial Revitalization Deduction. GO Zone 8.12 EFTA00806165 2016 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 44.:91 Date G Lira Unadjusted Bus Secfion179 Reduction In Basis For Beginning Current Current Year Ending No Description Acquired Method Life g N. Cost Or Basis ,0 Expense Basis Depreciation Accumulated Sec179 Deduction Accumulated Excl Depreciation Expense Depreciation ' OTHER TOTAL FURNITURE & FIXTURES 50,346. 14,166. 36,180. 36,180. 0. 36,180. • OTHER TOTAL - 50,346. 14,166. 36,180. 36,180, 0, 36,180., MACHINERY & EQUIPMENT 179 SOFTWARE (NY) 01/22/15 SL 3.00 16 155,603. 77,802. 77,801. 23,773. 25,934. 49,707. ' OTHER TOTAL MACHINERY & EQUIPMENT 155,603. 77,802. 77,801. 23,773. 25,934. 49,707. • OTHER TOTAL - 155,603. 77,802, 77,801. 23,773. 25,934. 49,707. 187 ORGANIZATION COSTS 01/04/89 709 60M 43 26,951. 76,951. 26,951. D. 26,951. 188 START-UP COSTS 07/16/92 195 60M 43 26,000. 26,000. 26,000. 0. 26,000. 189 START-UP COSTS 07/01/92 195 60M 43 25,000. 25,000. 25,000. D. 25,00D. 190 COVENANT NOT TO COMPETE 10/31/10 197 180M 43 3,000,000. 3,000,000.1,033,333. 200,000.1,233,333. 191 ORGANIZATION COSTS 06/15/15 709 180X 43 15,790. 15,790. 614. 1,053. 1,667. ' OTHER TOTAL OTHER 3,093,741. 3,093,741.1,111,898. 201,053.1,312,951. BUILDINGS 186 LEASEHOLD IMPROVEMENT (MET) 07/01/15 150DB 15.0 HY17 10,000. 10,000. 0.I 199 LEASEHOLD IMPROVEMENT (MET) 05/28/16 150DB 15.0 HY196 12,600. 12,600. 12,600. 12,600. • OTHER TOTAL BUILDINGS 22,600. 22,600. 0. 0. 12,600. 12,600. 0. ' OTHER TOTAL - 3,116,341. 22,600. 3,093,741.1,111,898. 12,600. 213,653.1,312,951. ' GRAND TOTAL OTHER DEPR & AMORT 7,281,292. 822,133• L „059 756 • 5 ,399,403 • 3 ,007, 553 • 64, 523 • 310.119• 3„253 149• 628111 04.01.16 (D) Asset disposed ITC. Salvage Bonus. Commercial Revitalization Deduction. GO Zone EFTA00806166 2018 DEPRECIATION AND AMORTIZATION REPORT OTHER 1 AnW Date uns Unadjusted Bus Section 179 Reduction In Basis For Beginning Current Current Year Ending No. Description Acquired Method Ide n No. Cost Or Basis % Expense Basis Depreciation Accumulated Sec 179 Deduction Accumulated Excl Depreciation Expense Depreciation CURRENT YEAR ACTIVITY BEGINNING BALANCE 7,216,769. 757,610.1,059,756. 5,399,403.3,007,553. 3,253,149, ACQUISITIONS 64,523. 64,523. 0. 0. 0. D. DISPOSITIONS O. 0. 0. 0. 0. ENDING BALANCE 822 . 133 • ,, 059 . 756 • 5 . 399 . 403 • 3 „ 007 553 - 628111 04.01.16 D) • Asset disposed • ITC. Salvage Bonus. Commercial Revitalization Deduction. GO Zone EFTA00806167 BOOK Depreciation and Amortization 04AS No. 1545-0172 Form 4562 (Including Information on Listed Property) OTHER 2016 Department ot Ito Treab4Y ► Attach to your tax return. AltSChttliOlt Interne/ Revenue Service 1001 ► Information about Form 4562 and its separate nstruetions is at www.irs.gov/fotm4562. Sequence No 179 Names/ Wenn on Mum HuSira:S Cr aCtivrZy to wIliCh ml, term roWAIOS identifying nurrner NEXT MANAGEMENT LLC 13-3495607 Part I I Election To Expense Certain Property Under Section 179 Note: If you have any listed property. complete Part V before you complete Part I. 1 Maximum amount (see instructions) 1 500,000. 2 Total cost of section 179 property placed in service (see instructions) 2 3 Threshold cost of section 179 property before reduction in limitation 3 2,010,000. 4 Reduction in limitation. Subtract Ina 3 from line 2. If zero or less, enter'} 4 5 Dollar Imitation tor tax year. Subtract lino 4 tom line I. N Zere Cr Nee. enter -0-. II married Medi ssoseat.y.540InetruCtkin$ 5 (a)Dewlptlon 01poverty IINCoel Dwane% use only) (C) Elected COCA 6 7 Listed property. Enter the amount from line 29 7 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 8 64,523. 9 Tentative deduction. Enter the smaller of line 5 or line 8 9 64,523. 10 Carryover of disallowed deduction from line 13 of your 2015 Form 4562 10 11 Business income limitation. Enter the smaller of business income (not less than zero) or lie 5 11 12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11 12 64,523. 13 Carryover of disallowed deduction to 2017. Add lines 9 and 10. less line 12 ,, ,,, , 90' 13 Note: Don't use Part II or Part III below for listed property. Instead. use Part V. I Part II I Special Depreciation Allowance and Other Depreciation (Don't include listed property.) 14 Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year 14 15 Property subject to section 168(0(1) election 15 16 Other depreciation (including ACRS) 18 25,934. I Part III I MACRS Depreciation (Don't include listed property.) (See Instructions.) Section A 17 MACRS deductions for assets placed in service In tax years beginning before 2016 17 I 18,609. 18 It you era electing to yew any assets planed Si service thong tn. tax yox into one or TOO wend asset accounts. chock hero n Section B - Assets Placed in Service During 2016 Tax Year Using the Gene al Depreciation System (bl Month and NIBasis 10, d4PfaCiatiOn pe ROCCinty IC Clationcation oe popery,' yew placed (uslooesonverament use IWICon IC Convention In Method 191 DOIXOCIatkel deduction in %tyke onN - ono ineliuCtiOne) 19a Syear property b 5-year property c 7-year property d 10.year property e 15-year property f 20-year property g 25-year property 25 yrs. Sit / 27.5 yrs. MM St h Residential rental property / 27.5 yrs. MM St / 39 yrs. MM St I Nonresidential real property / MM Sit Section C - Assets Placed In Service During 2016 Tax Year Using the Alternative Depreciation System 20a Class life Sit b 12.year 12 yrs. S/L c 40-year / 40 yrs. MM Sit Part IV I Summary (See instructions.) 21 Listed property. Enter amount from line 28 21 22 Total. Add amounts from line 12. lines 14 through 17, Ines 19 and 20 in column (g). and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations • see instr. 22 109,066. 23 For assets shown above and placed in service during the current year. enter the portion of the basis attributable to section 263A costs 23 615251 17-21-I6 LHA For Paperwork Reduction Act Notice, see separate Instructions. Form 4562 (2016) 8.15 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806168 Form 4562J2016) NEXT MANAGEMENT LLC 13-3495607 Page 2 I Part V I Listed Property (Include automobiles, certain other vehicles, certain aircraft, certain computers, and property used for entertainment. recreation. or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a. 24b. columns (a) through (c) of Section A. all of Section B. and Section C if applicable. Section A - Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.) 24a Do you have evidence to s pport the business/investment use claimed? I__I Yes L_I No 24b If *Yes." is the evidence written? LJ Yes LJ No (a) (b) (c) (d) (e) (1) (9) (h) () Type of property Date Business/ Bale; hreopeociation Recovvy Method/ Depreciation Elected placed in investment Cost or tbustricoAsnuestmont period (list vehicles first) other basis Convention deduction section 179 service use percentage 1O Only) cost 25 Special depreciation allowance for qualified listed property placed in service during the tax year and used more than 50% in a qualified business use 25 26 Property used more than 50% in a qualified business use: 27 Property used 50% or less in a qualified business use: S/L • S/L • 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 28 29 Add amounts in column 0). line 26. Enter here and on line 7. page 1 28 Section B - Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor. partner, or other "more than 5% owner," or related person. If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles. (a) (b) (e) (d) (e) if) 30 Total business/investment miles driven during the Vehicle Vehicle Vehicle Vehicle Vehicle Vehicle year (don'tinclude commuting miles) 31 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles driven 33 Total miles driven during the year. Add lines 30 through 32 34 Was the vehicle available for personal use Yes No Yes No Yes No Yes No Yes No Yes No during off•cluty hours? 35 Was the vehicle used primarily by a more than 5% owner or related person? 36 Is another vehicle available for personal use? Section C • Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who aren't more than 5% owners or related persons. 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your OS N employees? 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners 39 Do you treat all use of vehicles by employees as personal use? 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? 41 Do you meet the requirements concerning qualified automobile demonstration use? Note: If our answer to 37, 38, 39, 40, or 41 is 'Yes," don' complete Section B for the covered vehicles I Part Amortization (a) (b) (c) (d) (e) I) Doscnottoo of costs Sat anottiraton Armor tizoblO Code Anow0 ATOP:M.1110n begin amount "coon to' Me yogi miodoimmwe 42 Amortization of costs that begins during your 2016 tax year 43 Amortization of costs that began before your 2016 tax year 43 201,053. 44 Total. Add amounts in column (f). See the instructions for where to report 44 201,053. 616252 1i-21.16 Form 4562 (2016) 8.16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806169 Worksheet for Adjusted Current Earnings Adjustments for Corporate and Partnership Partners Name of partnership mobs Identification numtor NEXT MANAGEMENT LLC 13-3495607 1. Additions to AMTI: a. Depreciation recomputed for MAT purposes 108,905. b. Tax-exempt interest income c. Amortization of IRC 173 d. Depletion for post-1989 properties e. Intangible drilling costs deducted from AMTI f. Total additions to AMTI 108,905. 2. Deductions: a. Depreciation recomputed for ACE purposes 108,905. b. Depletion recomputed for ACE purposes c. ACE iitangible drilling costs d. Total deductions 108,905. 3. Other adjustments: a. Basis adjustments from sales or exchanges b. Other adjustments c. Total other adjustments 4. Total adjustments to AMTI for ACE calculation. Combine lines If, 2d and 3c 0. 612151 05-02.16 8.17 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806170 NEXT MANAGEMENT LLC 13-3495607 FORM 1065 INCOME (LOSS) FROM OTHER PARTNERSHIPS, ETC. STATEMENT 1 NAME AND ADDRESS EMPLOYER ID AMOUNT TWO TWELVE MANAGEMENT, LLC 20-1354409 137,818. TOTAL TO FORM 1065, LINE 4 137,818. FORM 1065 OTHER INCOME STATEMENT 2 DESCRIPTION AMOUNT FOREIGN EXCHANGE -156,411. TOTAL TO FORM 1065, LINE 7 -156,411. FORM 1065 TAX EXPENSE STATEMENT 3 DESCRIPTION AMOUNT CA LOCAL BUSINESS TAXES 19,097. CALIFORNIA TAXES - OTHER 800. FL COMMERCIAL RENT TAX 1,683. NEW YORK CITY TAXES - BASED ON INCOME 110,586. NY COMMERCIAL RENT TAX 22,190. PAYROLL TAXES 617,919. TOTAL TO FORM 1065, LINE 14 772,275. FORM 1065 OTHER DEDUCTIONS STATEMENT 4 DESCRIPTION AMOUNT ADMINISTRATIVE - OTHER 125,542. ADVERTISING 76,268. AMORTIZATION EXPENSE 201,053. BANK CHARGES 81,145. CLEANING SERVICE 46,123. COMMISSIONS EXPENSE 1,945,477. COMPUTER EXPENSE 56,901. CONSULTING FEES 530,543. 9 STATEMENT(S) 1, 2, 3, 4 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806171 NEXT MANAGEMENT LLC 13-3495607 DUES & SUBSCRIPTIONS 11,192. FILING FEES 8,815. INSURANCE 127,474. MEALS AND ENTERTAINMENT 76,748. MODEL EXPENSES 36,973. OFFICE 147,920. OVERHEAD REIMBURSEMENT -1,325,013. PAYROLL FEES 15,273. POSTAGE & DELIVERY 11,747. PRINTING EXPENSE 52,768. PROFESSIONAL FEES 331,530. SCOUTING EXPENSE 14,890. TELEPHONE EXPENSE 198,608. TRAVEL 758,595. UTILITIES 31,395. TOTAL TO FORM 1065, LINE 20 3,561,967. SCHEDULE K INTEREST INCOME STATEMENT 5 DESCRIPTION U.S. BONDS OTHER INTEREST - TWO TWELVE MANAGEMENT, LLC 218. TWO TWELVE MANAGEMENT LLC 15,750. TOTAL TO SCHEDULE K, LINE 5 15,968. SCHEDULE K CHARITABLE CONTRIBUTIONS STATEMENT 6 DESCRIPTION TYPE AMOUNT CHARITABLE DONATIONS CASH (50%) 5,978. CONTRIBUTIONS - TWO TWELVE MANAGEMENT, CASH (50%) LLC 6,534. TOTALS TO SCHEDULE K, LINE 13A 12,512. 10 STATEMENT(S) 4, 5, 6 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806172 NEXT MANAGEMENT LLC 13-3495607 SCHEDULE K NONDEDUCTIBLE EXPENSE STATEMENT 7 DESCRIPTION AMOUNT ASSESSMENTS 434. EXCLUDED MEALS AND ENTERTAINMENT EXPENSES 76,747. NONDEDUCTIBLE EXPENSE FROM PASSTHROUGH 50,637. TOTAL TO SCHEDULE K, LINE 18C 127,818. SCHEDULE L OTHER CURRENT ASSETS STATEMENT 8 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR PREPAID EXPENSES 159,432. 235,194. TOTAL TO SCHEDULE L, LINE 6 159,432. 235,194. SCHEDULE L OTHER INVESTMENTS STATEMENT 9 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR INVESTMENT IN TWO TWELVE MANAGEMENT LLC 83,446. 224,591. TOTAL TO SCHEDULE L, LINE 8 83,446. 224,591. SCHEDULE L OTHER ASSETS STATEMENT 10 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR DEFERRED TAX ASSET 64,000. 51,000. DEPOSITS 43,931. 41,596. DUE FROM AFFLIATES 1,313,624. 827,056. DUE FROM MODELS 1,607,052. 1,596,064. RESTRICTED CASH 40,000. 40,000. TOTAL TO SCHEDULE L, LINE 13 3,068,607. 2,555,716. 11 STATEMENT(S) 7, 8, 9, 10 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806173 NEXT MANAGEMENT LLC 13-3495607 SCHEDULE L OTHER CURRENT LIABILITIES STATEMENT 11 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR ACCRUED EXPENSES 1,786,832. 1,355,362. CITY ACCRUED TAX 29,386. TOTAL TO SCHEDULE L, LINE 17 1,786,832. 1,384,748. SCHEDULE L OTHER LIABILITIES STATEMENT 12 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR ADVANCES FROM AFFLIATES 8,342. 8,342. DEFERRED RENT - LONG TERM 135,009. 222,660. DUE TO RELATED PARTY 1,476,782. 1,459,962. TOTAL TO SCHEDULE L, LINE 20 1,620,133. 1,690,964. SCHEDULE M-1 EXPENSES RECORDED ON BOOKS NOT DEDUCTED IN RETURN STATEMENT 13 DESCRIPTION AMOUNT ASSESSMENTS 434. NONDEDUCTIBLE EXPENSES FROM PASSTHROUGH 50,637. RENT EXPENSE 84,592. STATE / LOCAL DEFERRED INCOME TAX 13,000. TOTAL TO SCHEDULE M-1, LINE 4 148,663. SCHEDULE M-1 INCOME RECORDED ON BOOKS NOT INCLUDED ON RETURN STATEMENT 14 DESCRIPTION AMOUNT TWO TWELVE MANAGEMENT, LLC 60,281. TOTAL TO SCHEDULE M-1, LINE 6 60,281. 12 STATEMENT(S) 11, 12, 13, 14 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806174 NEXT MANAGEMENT LLC 13-3495607 SCHEDULE M-1 DEDUCTIONS ON RETURN NOT CHARGED AGAINST BOOKS STATEMENT 15 DESCRIPTION AMOUNT SALARIES AND WAGES 328,318. AMORTIZATION 201,053. TOTAL TO SCHEDULE M-1, LINE 7 529,371. FORM 4562 PART I - SECTION 179 EXPENSE STATEMENT 16 (C) (A) (B) ELECTED DESCRIPTION OF PROPERTY COST COST OFFICE EQUIPMENT (CA) 4,927. 4,927. LEASEHOLD IMPROVEMENT (CA) 11,130. 11,130. LEASEHOLD IMPROVEMENT (CA) 25,305. 25,305. LEASEHOLD IMPROVEMENT (CA) 10,561. 10,561. LEASEHOLD IMPROVEMENT (MET) 12,600. 12,600. TOTAL TO FORM 4562, PART I, LINE 6 64,523. 64,523. 13 STATEMENT(S) 15, 16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806175 ALTERNATIVE MINIMUM TAX DEPRECIATION REPORT A.554 Date AMT AMT AMT MIT ACE Regular WIT ACE Description A quired Method Life Cost Or Basis Accumulated Cost Or Basis Depreciation Depreciation Depreciation 192AFFICE EQUIP -FL 08060320010B5.00 2,098. 1,049. 2,098. 0. 0. 0. 1800FFICE EQUIPMENT (CA) 123115150DB5.00 35,905. 0. 35,905. 0. 0. 0. 1954OFFICE EQUIPMENT (CA) 042616200DB5.00 4,927. 0. 4,927. 4,927. 4,927. 4,927. LEASEHOLD IMPROVEMENT 17(NY) 022894SL 40.00 8,179. 4,463. 8,179. 210. 204. 204. LEASEHOLD IMPROVEMENT 18(NY) 043094SL 40.00 2,319. 1,259. 2,319. 59. 58. 58. LEASEHOLD IMPROVEMENT I 19(NY) 073194SL 40.00 10,964. 5,880. 10,964. 281. 274. 274. LEASEHOLD IMPROVEMENT 20(NY) 083194SL 40.00 32,074. 17,143. 32,074. 822. 802. 802. LEASEHOLD IMPROVEMENT 21(NY) 103094SL 40.00 11,325. 6,002. 11,325. 290. 283. 283. LEASEHOLD IMPROVEMENT 22(NY) 113094SL 40.00 12,425. 6,570. 12,425. 319. 311. 311. LEASEHOLD IMPROVEMENT 24(NY) 070195SL 40.00 12,155. 6,219. 12,155. 312. 304. 304. LEASEHOLD IMPROVEMENT 30(NY) 070196SL 40.00 54,075. 26,308. 54,075. 1,386. 1,352. 1,352. LEASEHOLD IMPROVEMENT 34(NY) 070197SL 40.00 55,400. 25,565. 55,400. 1,420. 1,385. 1,385. LEASEHOLD IMPROVEMENT I 37(NY) 112298SL 40.00 11,700. 5,018. 11,700. 300. 293. 293. LEASEHOLD IMPROVEMENT 47(NY) 070199SL 39.00 112,785. 47,599. 112,785. 2,892. 2,892. 2,892. LEASEHOLD IMPROVEMENT 59(NY) 070100SL 39.00 37,330. 14,794. 37,330. 957. 957. 957. LEASEHOLD IMPROVEMENT 92(NY) 062203SL 39.00 51,746. 16,643. 51,746. 1,327. 1,327. 1,327. LEASEHOLD IMPROVEMENT 93(NY) 07240ISL 39.00 13,040. 4,161. 13,040. 334. 334. 334. LEASEHOLD IMPROVEMENT 94(NY) 081203SL 39.00 8,879. 2,822. 8,879. 228. 228. 228. 6P8,01 04-01-16 13.1 EFTA00806176 ALTERNATIVE MINIMUM TAX DEPRECIATION REPORT _N i Date AMT AMT AMT AMT ACE Regular AMT ACE Description A quired Method Life Cost Or Basis Accumulated Cost Or Basis Depreciation Depreciation Depreciation LEASEHOLD IMPROVEMENT 95(NY) 091803SL 39.00 64,217. 20,245. 64,217. 1,647. 1,647. 1,647. LEASEHOLD IMPROVEMENT 96(NY) 102801SL 39.00 8,383. 2,625. 8,383. 215. 215. 215. LEASEHOLD IMPROVEMENT 97(NY) 111903SL 39.00 20,990. 6,523. 20,990. 538. 538. 538. LEASEHOLD IMPROVEMENT 108(NY) 011604SL 39.00 2,824. 861. 2,824. 72. 72. 72. LEASEHOLD IMPROVEMENT 109(NY) 021704SL 39.00 3,843. 1,175. 3,843. 99. 99. 99. LEASEHOLD IMPROVEMENT 110(NY) 123104150DR15.00 12,500. 9,587. 12,500. 739. 739. 739. LEASEHOLD IMPROVEMENT 130(NY) 022106150D815.00 10,485. 7,080. 10,485. 620. 619. 619. LEASEHOLD IMPROVEMENT 131(NY) 030306150D815.00 21,461. 14,490. 21,461. 1,268. 1,267. 1,267. LEASEHOLD IMPROVEMENT 148(NY) 021208150DR15.00 5,868. 3,079. 5,868. 347. 347. 347. LEASEHOLD IMPROVEMENT 149(NY) 121908150DR15.00 8,000. 3,803. 8,000. 473. 473. 473. LEASEHOLD IMPROVEMENT 153(NY) 070110150DR15.00 75,753. 0. 75,753. 0. 0. 0. LEASEHOLD IMPROVEMENT 155(NY) 111411150DEU5.00 11,227. 0. 11,227. 0. 0. 0. LEASEHOLD IMPROVEMENT 158(NY) 050412:150DR15.00 4,167. 0. 4,167. 0. 0. 0. LEASEHOLD IMPROVEMENT 159(NY) 11101450DR15.00 14,059. 0. 14,059. 0. 0. 0. LEASEHOLD IMPROVEMENT 164(NY) 091913150DR15.00 131,030. 0. 131,030. 0. 0. 0. LEASEHOLD IMPROVEMENT 165(NY) 121713150DEU5.00 9,633. 0. 9,633. 0. 0. 0. LEASEHOLD IMPROVEMENT 166(NY) 123113150DR15.00 100,954. 0. 100,954. 0. 0. 0. 04-0,-16 13.2 EFTA00806177 ALTERNATIVE MINIMUM TAX DEPRECIATION REPORT Af.Sol Date AMT AMT AMT AMT ACE Regular AMT ACE Description A quired Method Life Cost Or Basis Accumulated Cost Or Basis Depreciation Depreciation Depreciation LEASEHOLD IMPROVEMENT 173(NY) 022714150D 5.00 12,760. 0. 12,760. 0. 0. 0. LEASEHOLD IMPROVEMENT 174(NY) 060414.150D 5.00 156,004. 0. 156,004. 0. 0. 0. LEASEHOLD IMPROVEMENT 181(NY) 080515150D 5.00 63,396. 0. 63,396. 0. 0. 0. LEASEHOLD IMPROVEMENT 38(FL) 082898.SL 0.00 29,553. 12,840. 29,553. 758. 739. 739. LEASEHOLD IMPROVEMENT 167(FL) 092613150D 5.00 13,994. 0. 13,994. 0. 0. 0. LEASEHOLD IMPROVEMENT 182(FL) 092515150D 5.00 25,179. 0. 25,179. 0. 0. 0. LEASEHOLD IMPROVEMENT 196(CA) 010516150D 5.00 11,130. 0. 11,130. 11,130. 11,130. 11,130. LEASEHOLD IMPROVEMENT 197(CA) 032316150D 5.00 25,305. 0. 25,305. 25,305. 25,305. 25,305. LEASEHOLD IMPROVEMENT 198(CA) 061416150D 5.00 10,561. 0. 10,561. 10,561. 10,561. 10,561. LEASEHOLD IMPROVEMENT 25(CA) 070195SL 0.00 11,498. 5,872. 11,498. 295. 287. 287. LEASEHOLD IMPROVEMENT 116(CA) 022405150D 5.00 6,000. 4,407. 6,000. 354. 354. 354. LEASEHOLD IMPROVEMENT 117(CA) 032105150D 5.00 800. 586. 800. 47. 48. 48. LEASEHOLD IMPROVEMENT 160(CA) 091614150D 5.00 5,285. 0. 5,285. 0. 0. 0. LEASEHOLD IMPROVEMENT 168(CA) 083113150D 5.00 21,300. 0. 21,300. 0. 0. 0. LEASEHOLD IMPROVEMENT 183(CA) 062615150D 5.00 44,230. 0. 44,230. 0. 0. 0. 185FURNITURE & FIXTURES (NY)070115150D .00 8,706. 0. 8,706. 0. 0. 0. 184FURNITURE & FIXTURES (FL)101215150D .00 3,778. 0. 3,778. 0. 0. 0. 179SOFTWARE (NY) 012215SL 3.00 155,603. 23,773. 155,603. 25,934. 25,934. 25,934. 6P8,01 04-01-16 13.3 EFTA00806178 ALTERNATIVE MINIMUM TAX DEPRECIATION REPORT Ace.al Date AMT AMT AMT AMT ACE Regular AMT ACE No Description A quired Method Life Cost Or Basis Accumulated Cost Or Basis Depreciation Depreciation Depreciation LEASEHOLD IMPROVEMENT 186(MET) 070115150DB15.00 10,000. 0. 10,000. 0. 0. 0. LEASEHOLD IMPROVEMENT 199(MET) 052816150D815.00 12,600. 0. 12,600. 12,600. 12,600. 12,600. TOTALS 1,610,402. 308,441. 1,610,402, 109,066. 108,905. 108,905. MACRS AMT ADJUSTMENT 161. 628,07 13.4 EFTA00806179 2016 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR STATE - NEXT MANAGEMENT LLC Assai Date boo Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction 105MAINTENANCE (NY) 022504SL 3.00 16 7,750. 7,750. 0. * OTHER TOTAL OTHER 7,750. 7,750. 0. 0. MACHINERY & EQUIPMENT COMPUTER 2EQUIPMENT(NY) 103191SL 5.00 16 16,816. 16,816. 16,816. 0. OFFICE EQUIPMENT 4(NY) 010489SL 5.00 16 12,215. 12,215. 12,215. 0. COMPUTER EQUIPMENT 5(NY) 010489SL 5.00 16 47,819. 47,819. 47,819. 0. OFFICE &EQUIPMENT(NY) 070190SL 5.00 16 6,535. 6,535. 0. COMPUTER EQUIPMENT 11(NY) 013192SL 5.00 16 8,539. 8,539. 8,539. 0. 1ZPRINTER (NY) 02269ISL 5.00 16 4,241. 4,241. 4,241. 0. OFFICE EQUIPMENT 13(NY) 05109ISL 5.00 16 2,382. 2,382. 2,382. 0. OFFICE EQUIPMENT 14(NY) 10019ISL 5.00 16 2,454. 2,454. 2,454. 0. COMPUTER EQUIPMENT 15(NY) 11019ISL 5.00 16 31,034. 17,500. 13,534. 13,534. 0. OFFICE EQUIPMENT 23(NY) 070195SL 5.00 16 55,855. 55,855. 55,855. 0. OFFICE EQUIPMENT 28(NY) 070196SL 5.00 16 45,326. 45,326. 45,326. 0. OFFICE EQUIPMENT 42(NY) 07019&SL 5.00 16 126,474. 126,474. 126,474. 0. COMPUTER EQUIPMENT 50(NY) 070199SL 5.00 16 202,098. 202,098. 202,098. 0. COMPUTER EQUIPMENT 53(NY) 070197SL 5.00 16 38,206. 38,206. 38,206. 0. COMPUTER -96 55IRETIRED 070196SL 5.00 16 -19,757. -19,757. -19,757. 0. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806180 2016 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR STATE - NEXT MANAGEMENT LLC As.s4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year No Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction COMPUTER EQUIPMENT 56(NY) 070100SL 5.00 16 174,341. 174,341. 174,341. 0. OFFICE EQUIPMENT 61(NY) 010101SL 5.00 16 2,014. 2,014. 0. OFFICE EQUIPMENT 62(NY) 010101SL 5.00 16 1,959. 1,959. 0. COMPUTER EQUIPMENT 71(NY) 041001SL 5.00 16 41,698. 41,698. 0. COMPUTER EQUIPMENT 72(NY) 041001SL 5.00 16 20,169. 20,169. 0. COMPUTER EQUIPMENT 73(NY) 042403SL 5.00 16 3,372. 3,372. 0. COMPUTER EQUIPMENT 74(NY) 052301SL 5.00 16 4,443. 4,443. 0. COMPUTER EQUIPMENT 75(NY) 061703SL 5.00 16 6,582. 6,582. 0. COMPUTER EQUIPMENT 76(NY) 072201SL 5.00 16 5,359. 5,359. 0. COMPUTER EQUIPMENT 77(NY) 080601SL 5.00 16 19,961. 19,961. 0. OFFICE EQUIPMENT 78(NY) 082201SL 5.00 16 8,045. 4,023. 4,022. 4,022. 0. COMPUTER EQUIPMENT 103(NY) 040101SL 5.00 16 46,500. 13,950. 32,550. 32,550. 0. OFFICE EQUIPMENT 104(NY) 010504SL 5.00 16 10,835. 10,835. 0. OFFICE EQUIPMENT 120(NY) 020705SL 5.00 16 6,714. 6,714. 0. OFFICE EQUIPMENT 121(NY) 020505SL 5.00 16 2,496. 2,496. 0. OFFICE EQUIPMENT 122(NY) 021505SL 5.00 16 2,086. 2,086. 0. OFFICE EQUIPMENT 123(NY) 110105SL 5.00 16 13,164. 13,164. 0. OFFICE EQUIPMENT 128(NY) 021606SL 5.00 16 9,755. 9,755. 0. 628,O) 04.01-16 fl assetdisposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806181 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC AssAi Date toe Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year No Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction OFFICE EQUIPMENT 135(NY) 051507SL 5.00 16 39,598. 39,598. 0. OFFICE EQUIPMENT 136(NY) 11200TSL 5.00 16 19,628. 19,628. 0. OFFICE EQUIPMENT 143(NY) 03180&SL 5.00 16 8,967. 8,967. 0. OFFICE EQUIPMENT 144(NY) 05070&SL 5.00 16 16,400. 16,400. 0. OFFICE EQUIPMENT 145(NY) 07020&SL 5.00 16 11,364. 11,364. 0. OFFICE EQUIPMENT 156(NY) 053111SL 5.00 16 4,382. 4,382. 0. OFFICE EQUIPMENT 161(NY) 022212SL 5.00 16 6,075. 6,075. 0. OFFICE EQUIPMENT 162(NY) 062212SL 5.00 16 3,325. 3,325. 0. OFFICE EQUIPMENT 163(NY) 080513SL 5.00 16 11,001. 11,001. 0. OFFICE EQUIPMENT 172(NY) 032814SL 5.00 16 22,211. 22,211. 0. * OTHER TOTAL MACHINERY AND EQUIP 1,102,681. 335,566. 767,115. 767,115. 0. * OTHER TOTAL - 1,110,431. 343,316. 767,115. 767,115. 0. 106MAINTENANCE (FL) 022504SL 3.00 16 2,500. 2,500. 0. 192OFFICE EQUIP-FL 080603200DB5.00 17 2,098. 1,049. 1,049. 1,049. 0. * OTHER TOTAL OTHER 4,598. 3,549. 1,049. 1,049. 0. MACHINERY & EQUIPMENT OFFICE EQUIPMENT 1(FL) 083191SL 5.00 16 12,526. 12,526. 12,526. 0. OFFICE EQUIPMENT 16(USED CAR (FL)) 060193SL 5.00 16 2,500. 2,500. 2,500. 0. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806182 2016 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR STATE - NEXT MANAGEMENT LLC As.s4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year '43 Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec Deduction OFFICE EQUIPMENT 29(FL) 070196SL 5.00 16 10,695. 10,695. 10,695. 0. OFFICE EQUIPMENT 43(FL) 07019&SL 5.00 16 77,109. 77,109. 77,109. 0. COMPUTER EQUIPMENT 51(FL) 070199,SL 5.00 16 45,399. 45,399. 45,399. 0. COMPUTER EQUIPMENT 54(FL) 07019751, 5.00 16 12,929. 12,929. 12,929. 0. COMPUTER EQUIPMENT 57(FL) 070100SL 5.00 16 66,827. 66,827. 66,827. 0. OFFICE EQUIPMENT 63(FL) 010101SL 5.00 16 4,899. 4,899. 0. OFFICE EQUIPMENT 64(FL) 010101SL 5.00 16 4,244. 4,244. 0. OFFICE EQUIPMENT 79(FL) 040901SL 5.00 16 11,449. 3,435. 8,014. 8,014. 0. OFFICE EQUIPMENT 80(FL) 040901SL 5.00 16 5,563. 1,669. 3,894. 3,894. 0. OFFICE EQUIPMENT 81(FL) 040901SL 5.00 16 15,000. 4,500. 10,500. 10,500. 0. OFFICE EQUIPMENT 82(FL) 060301SL 5.00 16 4,088. 2,044. 2,044. 2,044. 0. OFFICE EQUIPMENT 83(FL) 063001SL 5.00 16 1,880. 940. 940. 940. 0. OFFICE EQUIPMENT 84(FL) 080601SL 5.00 16 2,187. 1,093. 1,094. 1,094. 0. OFFICE EQUIPMENT 85(FL) 100201SL 5.00 16 1,639. 819. 820. 820. 0. OFFICE EQUIPMENT 86(FL) 111801SL 5.00 16 3,355. 1,678. 1,677. 1,677. 0. OFFICE EQUIPMENT 87(FL) 123103SL 5.00 16 3,596. 1,798. 1,798. 1,798. 0. OFFICE EQUIPMENT 114(FL) 020705SL 5.00 16 2,110. 2,110. 0. OFFICE EQUIPMENT 129(FL) 020906SL 5.00 16 5,550. 5,550. 0. 628107 04.01-16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806183 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC As.s4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec Deduction OFFICE EQUIPMENT 137(FL) 051507SL 5.00 16 11,175. 11,175. 0. OFFICE EQUIPMENT 138(FL) 112007SL 5.00 16 5,328. 5,328. 0. OFFICE EQUIPMENT 146(FL) 01230&SL 5.00 16 12,116. 12,116. 0. COMPUTER 191EQUIPMENT(FL) 103191SL 5.00 16 1,225. 1,225. 1,225. 0. * OTHER TOTAL MACHINERY AND EQUIP 323,389. 63,398. 259,991. 259,991. 0. * OTHER TOTAL - 327,987. 66,947. 261,040. 261,040. 0. MACHINERY & EQUIPMENT COMPUTER EQUIPMENT 52(CA) 070199SL 5.00 16 69,509. 69,509. 69,509. 0. COMPUTER EQUIPMENT 58(CA) 070100SL 5.00 16 66,027. 66,027. 66,027. 0. OFFICE EQUIPMENT 65(CA) 010101SL 5.00 16 1,161. 1,161. 0. OFFICE EQUIPMENT 66(CA) 010101SL 5.00 16 1,546. 1,546. 0. OFFICE EQUIPMENT 67(CA) 010101SL 5.00 16 1,132. 1,132. 0. OFFICE EQUIPMENT 68(CA) 010101SL 5.00 16 2,273. 2,273. 0. OFFICE EQUIPMENT 69(CA) 071502SL 5.00 16 4,569. 4,569. 0. OFFICE EQUIPMENT 88(CA) 040903SL 5.00 16 17,211. 5,163. 12,048. 12,048. 0. OFFICE EQUIPMENT 89(CA) 041601SL 5.00 16 15,000. 4,500. 10,500. 10,500. 0. OFFICE EQUIPMENT 90(CA) 063003SL 5.00 16 6,016. 3,008. 3,008. 3,008. 0. OFFICE EQUIPMENT 91(CA) 123103SL 5.00 16 2,420. 1,210. 1,210. 1,210. 0. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806184 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC As.s4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year No Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction OFFICE EQUIPMENT 107(CA) 092904SL 5.00 16 8,646. 8,646. 0. OFFICE EQUIPMENT 113(CA) 010104SL 5.00 16 2,500. 2,500. 0. OFFICE EQUIPMENT 115(CA) 031605SL 5.00 16 1,984. 1,984. 0. OFFICE EQUIPMENT 139(CA) 051507SL 5.00 16 8,293. 8,293. 0. OFFICE EQUIPMENT 140(CA) 112007SL 5.00 16 3,084. 3,084. 0. OFFICE EQUIPMENT 147(CA) 012308SL 5.00 16 14,069. 14,069. 0. OFFICE EQUIPMENT 157(CA) 111411SL 5.00 16 13,425. 13,425. 0. OFFICE EQUIPMENT 180(CA) 123115200DB5.00 17 35,905. 35,905. 0. OFFICE EQUIPMENT 195(CA) 042616200DB5.00 19B 4,927. 4,927. 4,927. 4,927. * OTHER TOTAL MACHINERY AND EQUIP 279,697. 117,395. 162,302. 162,302. 4,927. 4,927. * OTHER TOTAL - 279,697. 117,395. 162,302. 162,302. 4,927. 4,927. BUILDINGS LEASEHOLD 6IMPROVEMENT (NY) 010489SL 5.00 16 25,209. 25,209. 25,209. 0. LEASEHOLD 9IMPROVEMENT (NY) 070190SL 31.0016 33,158. 33,158. 33,158. 0. LEASEHOLD 17IMPROVEMENT (NY) 022894SL 39.0017 8,179. 8,179. 4,384. 210. LEASEHOLD 18IMPROVEMENT (NY) 043094SL 39.0017 2,319. 2,319. 1,222. 59. LEASEHOLD 19IMPROVEMENT (NY) 073194SL 39.0017 10,964. 10,964. 5,749. 281. LEASEHOLD 20IMPROVEMENT (NY) 083194SL 39.0017 32,074. 32,074. 16,749. 822. 6)6+m of -0 1- 16 nassetdisposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806185 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC A.Pol Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction LEASEHOLD 21IMPROVEMENT (NY) 103094SL 39.0017 11,325. 11,325. 5,861. 290. LEASEHOLD 22IMPROVEMENT (NY) 113094SL 39.0017 12,425. 12,425. 6,420. 319. LEASEHOLD 24IMPROVEMENT (NY) 070195SL 39.0017 12,155. 12,155. 6,417. 312. LEASEHOLD 30IMPROVEMENT (NY) 070196SL 39.0017 54,075. 54,075. 26,970. 1,386. LEASEHOLD 34IMPROVEMENT (NY) 070197SL 39.0017 55,400. 55,400. 26,212. 1,420. LEASEHOLD 37IMPROVEMENT (NY) 112298SL 39.0017 11,700. 11,700. 5,138. 300. LEASEHOLD 47IMPROVEMENT (NY) 070199SL 39.0017 112,785. 112,785. 47,599. 2,892. LEASEHOLD 59IMPROVEMENT (NY) 070100SL 39.0017 37,330. 37,330. 14,794. 957. LEASEHOLD 92IMPROVEMENT (NY) 062203SL 39.0017 103,492. 51,746. 51,746. 16,643. 1,327. LEASEHOLD 93IMPROVEMENT (NY) 072403SL 39.0017 26,080. 13,040. 13,040. 4,161. 334. LEASEHOLD 94IMPROVEMENT (NY) 081203SL 39.0017 17,758. 8,879. 8,879. 2,822. 228. LEASEHOLD 95IMPROVEMENT (NY) 091803SL 39.0017 128,435. 64,218. 64,217. 20,245. 1,647. LEASEHOLD 96IMPROVEMENT (NY) 102803SL 39.0017 16,767. 8,384. 8,383. 2,625. 215. LEASEHOLD 97IMPROVEMENT (NY) 111903SL 39.0017 41,981. 20,991. 20,990. 6,523. 538. LEASEHOLD 108IMPROVEMENT (NY) 011604SL 39.0017 5,649. 2,825. 2,824. 861. 72. LEASEHOLD 109IMPROVEMENT (NY) 021704SL 39.0017 7,686. 3,843. 3,843. 1,175. 99. LEASEHOLD 110IMPROVEMENT (NY) 123104150DB15.0017 25,000. 12,500. 12,500. 9,587. 739. LEASEHOLD 1300MPROVEMENT (NY) 022106150DB15.0017 10,485. 10,485. 7,080. 620. 628162 04.01.16 (D) Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806186 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC Acr.al Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year No Degivtion Mowed Method Life No Cog Or Basis b(0 Basis Depreciation Depreciation sec179 Deduction LEASEHOLD 131IMPROVEMENT (NY) 030306150DB15.0017 21,461. 21,461. 14,489. 1,268. LEASEHOLD 148IMPROVEMENT (NY) 021208150DB15.0017 11,736. 5,868. 5,868. 3,079. 347. LEASEHOLD 149IMPROVEMENT (NY) 121908150DB15.0017 16,000. 8,000. 8,000. 3,803. 473. LEASEHOLD 153IMPROVEMENT (NY) 070110150DB15.0017 75,753. 75,753. 0. LEASEHOLD 155IMPROVEMENT (NY) 111411150DB15.0017 11,227. 11,227. 0. LEASEHOLD 158IMPROVEMENT (NY) 050412150DB15.0017 4,167. 4,167. 0. LEASEHOLD 159IMPROVEMENT (NY) 111012150DB15.0017 14,059. 14,059. 0. LEASEHOLD 164IMPROVEMENT (NY) 091913150DB15.0017 131,030. 131,030. 0. LEASEHOLD 165IMPROVEMENT (NY) 121713150DB15.0017 9,633. 9,633. 0. LEASEHOLD 166IMPROVEMENT (NY) 123113150DB15.0017 100,954. 100,954. 0. LEASEHOLD 173IMPROVEMENT (NY) 022714150DB15.0017 12,760. 12,760. 0. LEASEHOLD 174IMPROVEMENT (NY) 060414150DB15.0017 156,004. 156,004. 0. LEASEHOLD 181IMPROVEMENT (NY) 080515150DB15.0017 63,396. 63,396. 0. * OTHER TOTAL BUILDINGS 1,430,611. 779,277. 651,334. 318,975. 17,155. * OTHER TOTAL - 1,430,611. 779,277. 651,334. 318,975. 17,155. BUILDINGS LEASEHOLD 38IMPROVEMENT (FL) 082898SL 39.0017 29,553. 29,553. 13,171. 758. LEASEHOLD 167IMPROVEMENT (FL) 092613150DB15.0017 13,994. 13,994. 0. 628107 04.01-16 nassMdisposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806187 2016 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR STATE - NEXT MANAGEMENT LLC Acel Date L00 Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Descivhon Acquired Method life No Cog Or Basis b(0 Basis Depreciation Depreciation sec179 Deduction LEASEHOLD 182IMPROVEMENT (FL) 092515150DB15.0017 25,179. 25,179. 0. * OTHER TOTAL BUILDINGS 68,726. 39,173. 29,553. 13,171. 758. * OTHER TOTAL - 68,726. 39,173. 29,553. 13,171. 758. LEASEHOLD 196IMPROVEMENT (CA) 010516150DB15.0019E 11,130. 11,130. 11,130. 11,130. LEASEHOLD 197IMPROVEMENT (CA) 032316150DB15.0019E 25,305. 8,943. 16,362. 8,943. 9,761. LEASEHOLD 198IMPROVEMENT (CA) 061416150DB15.0019E 10,561. 10,561. 528. * OTHER TOTAL OTHER 46,996. 20,073. 26,923. 20,073. 21,419. BUILDINGS LEASEHOLD 25IMPROVEMENT (CA) 070195SL 39.0017 11,498. 11,498. 6,067. 295. LEASEHOLD 116IMPROVEMENT (CA) 022405150DB15.0017 6,000. 6,000. 4,407. 354. LEASEHOLD 117IMPROVEMENT (CA) 032105150DB15.0017 800. 800. 586. 47. LEASEHOLD 160IMPROVEMENT (CA) 091612150DB15.0017 5,285. 5,285. 0. LEASEHOLD 168IMPROVEMENT (CA) 083113150DB15.0017 21,300. 21,300. 0. LEASEHOLD 183IMPROVEMENT (CA) 062615150DB15.0017 44,230. 44,230. 0. * OTHER TOTAL BUILDINGS 89,113. 70,815. 18,298. 11,060. 696. * OTHER TOTAL - 136,109. 90,888. 45,221. 11,060.20,073. 22,115. FURNITURE & FIXTURES FURNITURE & 3FIXTURES (NY) 05319LSL 7.00 16 4,775. 4,775. 4,775. 0. 628162 04.01.16 (D) -Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806188 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC :.se-41 Date Loo Unadjusted Bus % Reduction In Basis For Accumulated Current Current'fear w1 Description Ma k d method Life No Cost Or Basis b(0 Basis Depreciation Depreciation Sec 179 Deduction FURNITURE & 7FIXTURES (NY) 010489SL 5.00 16 26,013. 26,013. 26,013. 0. FURNITURE & "MIXTURES (NY) 070190SL 7.00 16 4,541. 3,465. 1,076. 1,076. 0. FURNITURE & 26FIXTURES (NY) 070195SL 7.00 16 31,451. 31,451. 31,451. 0. FURNITURE & 31FIXTURES (NY) 070196SL 7.00 16 35,874. 17,500. 18,374. 18,374. 0. FURNITURE & 35FIXTURES (NY) 070197SL 7.00 16 8,872. 8,872. 0. FURNITURE & 39FIXTURES (NY) 070198SL 7.00 16 12,254. 12,254. 12,254. 0. FURNITURE & 48FIXTURES (NY) 070199SL 7.00 16 66,766. 66,766. 66,766. 0. FURNITURE & 6OFIXTURES (NY) 070100SL 7.00 16 39,506. 39,506. 39,506. 0. FURNITURE & 7aFIXTURES (NY) 043002SL 7.00 16 12,000. 12,000. 0. FURNITURE & 98FIXTURES (NY) 112503SL 7.00 16 3,598. 1,799. 1,799. 1,799. 0. FURNITURE & 99FIXTURES (NY) 120403SL 7.00 16 28,027. 14,014. 14,013. 14,013. 0. FURNITURE & 100FIXTURES (NY) 080803SL 7.00 16 48,543. 24,272. 24,271. 24,271. 0. FURNITURE & 101FIXTURES (NY) 092603SL 7.00 16 3,874. 1,937. 1,937. 1,937. 0. FURNITURE & 102FIXTURES (NY) 120803SL 7.00 16 7,275. 3,638. 3,637. 3,637. 0. FURNITURE & 111FIXTURES (NY) 112304SL 7.00 16 6,001. 6,001. 0. FURNITURE & 112FIXTURES (NY) 013004SL 7.00 16 165. 165. 0. FURNITURE & 124FIXTURES (NY) 012005SL 7.00 16 6,215. 6,215. 0. FURNITURE & 125FIXTURES (NY) 031105SL 7.00 16 111. 111. 0. 628107 04411-16 (C)assetdisposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806189 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC :.se-41 Date L00 Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year wt Description Ma k d Method Life No Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction FURNITURE & 126FIXTURES (NY) 061705SL 7.00 16 8,440. 8,440. 0. FURNITURE & 127FIXTURES (NY) 071405SL 7.00 16 936. 936. 0. FURNITURE & 134FIXTURES (NY) 031406SL 7.00 16 4,664. 4,664. 0. FURNITURE & 141FIXTURES (NY) 021407SL 7.00 16 4,881. 4,881. 0. FURNITURE & 142FIXTURES (NY) 051507SL 7.00 16 6,610. 6,610. 0. FURNITURE & 15OFIXTURES (NY) 050708SL 7.00 16 3,542. 3,542. 0. FURNITURE & 151FIXTURES (NY) 122608SL 7.00 16 4,400. 4,400. 0. FURNITURE & 152FIXTURES (NY) 012309SL 7.00 16 4,400. 4,400. 0. FURNITURE & 154FIXTURES (NY) 01141OSL 5.00 16 1,214. 1,214. 0. FURNITURE & 169FIXTURES (NY) 080813SL 7.00 16 39,929. 39,929. 0. FURNITURE & 17OFIXTURES (NY) 123113SL 7.00 16 11,688. 11,688. 0. FURNITURE & 175FIXTURES (NY) 011014SL 7.00 16 23,085. 23,085. 0. FURNITURE & 176FIXTURES (NY) 021414SL 7.00 16 41,566. 41,566. 0. FURNITURE & 177FIXTURES (NY) 050714SL 7.00 16 17,813. 17,813. 0. FURNITURE & 185FIXTURES (NY) 070115200DB7.00 17 8,706. 8,706. 0. * OTHER TOTAL FURNITURE AND FIXTU 527,735. 281,863. 245,872. 245,872. 0. * OTHER TOTAL - 527,735. 281,863. 245,872. 245,872. 0. FURNITURE & FIXTURES 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806190 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC :.se-41 Date L00 Unadjusted Bus % Reduction In Basis For Accumulated Current Current'fear wt Description Ma k d method Life No Cost Or Basis b(0 Basis Depreciation Depreciation Sec 179 Deduction FURNITURE & 32FIXTURES (FL) 070196SL 7.00 16 16,528. 16,528. 16,528. 0. FURNITURE & 367IXTURES (FL) 070197SL 7.00 16 1,952. 1,952. 0. FURNITURE & 40'FIXTURES (FL) 070198SL 7.00 16 21,639. 21,639. 21,639. 0. FURNITURE & 49FIXTURES (FL) 070199SL 7.00 16 1,953. 1,953. 1,953. 0. FURNITURE & 132FIXTURES (FL) 051506SL 7.00 16 2,789. 2,789. 0. FURNITURE & 133FIXTURES (FL) 072006SL 7.00 16 2,999. 2,999. 0. FURNITURE & 171FIXTURES (FL) 012913SL 7.00 16 2,825. 2,825. 0. FURNITURE & 178FIXTURES (FL) 071014SL 7.00 16 7,196. 7,196. 0. FURNITURE & 184FIXTURES (FL) 101215200DB7.00 17 3,778. 3,778. 0. FURNITURE & 194FIXTURES (FL) 060191SL 7.00 16 16,047. 16,047. 16,047. 0. * OTHER TOTAL FURNITURE AND FIXTU 77,706. 21,539. 56,167. 56,167. 0. * OTHER TOTAL - 77,706. 21,539. 56,167. 56,167. 0. FURNITURE & FIXTURES FURNITURE & 27FIXTURES (CA) 070195SL 7.00 16 16,832. 16,832. 16,832. 0. FURNITURE & 33FIXTURES 070196SL 7.00 16 6,256. 6,256. 6,256. 0. FURNITURE & 41FIXTURES (CA) 070198SL 7.00 16 13,092. 13,092. 13,092. 0. FURNITURE & 118FIXTURES (CA) 031605SL 7.00 16 6,191. 6,191. 0. FURNITURE & 119FIXTURES (CA) 042905SL 7.00 16 7,975. 7,975. 0. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806191 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC __so Date too Unadjusted Bus% Reduction In Basis For Accumulated Current Current Year 65 Description Acquired Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction * OTHER TOTAL FURNITURE AND FIXTU 50,346. 14,166. 36,180. 36,180. 0. * OTHER TOTAL - 50,346. 14,166. 36,180. 36,180. 0. MACHINERY & EQUIPMENT 179SOFTWARE (NY) 012215SL 3.00 16 155,603. 77,802. 77,801. 23,773. 25,934. * OTHER TOTAL MACHINERY AND EQUIP 155,603. 77,802. 77,801. 23,773. 25,934. * OTHER TOTAL - 155,603. 77,802. 77,801. 23,773. 25,934. 18TORGANIZATION COSTS 010489709 60M 43 26,951. 26,951. 26,951. 0. 188START-UP COSTS 071692195 60M 43 26,000. 26,000. 26,000. 0. 189START-UP COSTS 070192195 60M 43 25,000. 25,000. 25,000. 0. COVENANT NOT TO 190COMPETE 103110197 180M 43 3,000,000, 3,000,000, 1 „033 333. 200,000. 19LORGANIZATION COSTS 061515709 180M 43 15,790. 15,790. 614. 1,053. * OTHER TOTAL OTHER 3 „D93 741. 3 „ 093 741. 1 „111 898. 201,053. BUILDINGS LEASEHOLD 186IMPROVEMENT (MET) 070115150DB15.0017 10,000. 10,000. 0. LEASEHOLD 199IMPROVEMENT (MET) 052816150DB15.0019E 12,600. 12,600. 630. * OTHER TOTAL BUILDINGS 22,600. 10,000. 12,600. 630. * OTHER TOTAL - 3,116,341. 10,000. 3,106,341. 1,111,898. 201,683. * GRAND TOTAL OTHER DEPR AND AMORT 7,281,292. 1,842,366. 5,438,926. 3,007,553.25, 000 . 272,572. 628162 04-01.16 WAssetdisoosed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806192 2O16 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC _N i Date toe Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction TOTALS FOR CALIFORNIA 7,281,292. 1,842,366. 5,438,926. 3,007,553.25, 000 . 272,572. 105MAINTENANCE (NY) 022504SL 3.00 16 7,750. 7,750. 0. * OTHER TOTAL OTHER 7,750. 7,750. 0. 0. MACHINERY & EQUIPMENT COMPUTER 22QUIPMENT(NY) 10319LSL 5.00 16 16,816. 16,816. 16,816. 0. OFFICE EQUIPMENT 4(NY) 010489SL 5.00 16 12,215. 12,215. 12,215. 0. COMPUTER EQUIPMENT 5(NY) 010489SL 5.00 16 47,819. 47,819. 47,819. 0. OFFICE 82QUIPMENT(NY) 070190SL 5.00 16 6,535. 6,535. 0. COMPUTER EQUIPMENT 11(NY) 013192SL 5.00 16 8,539. 8,539. 8,539. 0. 12PRINTER (NY) 02269ISL 5.00 16 4,241. 4,241. 4,241. 0. OFFICE EQUIPMENT 13(NY) 051093SL 5.00 16 2,382. 2,382. 2,382. 0. OFFICE EQUIPMENT 14(NY) 100193SL 5.00 16 2,454. 2,454. 2,454. 0. COMPUTER EQUIPMENT 15(NY) 110193SL 5.00 16 31,034. 17,500. 13,534. 13,534. 0. OFFICE EQUIPMENT 23(NY) 070195SL 5.00 16 55,855. 55,855. 55,855. 0. OFFICE EQUIPMENT 28(NY) 070196SL 5.00 16 45,326. 45,326. 45,326. 0. OFFICE EQUIPMENT 42(NY) 070198SL 5.00 16 126,474. 126,474. 126,474. 0. COMPUTER EQUIPMENT 50(NY) 070199SL 5.00 16 202,098. 202,098. 202,098. 0. COMPUTER EQUIPMENT 53(NY) 070197$L 5.00 16 38,206. 38,206. 38,206. 0. 628162 04.01.16 (C)assMdisposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806193 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC As.s4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction COMPUTER —96 55.RETIRED 070196SL 5.00 16 -19,757. -19,757. -19,757. 0. COMPUTER EQUIPMENT 56(NY) 070100SL 5.00 16 174,341. 174,341. 174,341. 0. OFFICE EQUIPMENT 61(NY) 010101SL 5.00 16 2,014. 2,014. 0. OFFICE EQUIPMENT 62(NY) 010101SL 5.00 16 1,959. 1,959. 0. COMPUTER EQUIPMENT 71(NY) 041001SL 5.00 16 41,698. 41,698. 0. COMPUTER EQUIPMENT 72(NY) 041001SL 5.00 16 20,169. 20,169. 0. COMPUTER EQUIPMENT 73(NY) 042401SL 5.00 16 3,372. 3,372. 0. COMPUTER EQUIPMENT 74(NY) 05230ISL 5.00 16 4,443. 4,443. 0. COMPUTER EQUIPMENT 75(NY) 061701SL 5.00 16 6,582. 6,582. 0. COMPUTER EQUIPMENT 76(NY) 072203SL 5.00 16 5,359. 5,359. 0. COMPUTER EQUIPMENT 77(NY) 080601SL 5.00 16 19,961. 19,961. 0. OFFICE EQUIPMENT 78(NY) 082201SL 5.00 16 8,045. 4,023. 4,022. 4,022. 0. COMPUTER EQUIPMENT 103(NY) 040101SL 5.00 16 46,500. 13,950. 32,550. 32,550. 0. OFFICE EQUIPMENT 104(NY) 010504SL 5.00 16 10,835. 10,835. 0. OFFICE EQUIPMENT 120(NY) 020705SL 5.00 16 6,714. 6,714. 0. OFFICE EQUIPMENT 121(NY) 020505SL 5.00 16 2,496. 2,496. 0. OFFICE EQUIPMENT 122(NY) 021505SL 5.00 16 2,086. 2,086. 0. OFFICE EQUIPMENT 123(NY) 110105SL 5.00 16 13,164. 13,164. 0. 628,(Y) 64.01-16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806194 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC As.s4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year No Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction OFFICE EQUIPMENT 128(NY) 021606SL 5.00 16 9,755. 9,755. 0. OFFICE EQUIPMENT 135(NY) 051507SL 5.00 16 39,598. 39,598. 0. OFFICE EQUIPMENT 136(NY) 112007SL 5.00 16 19,628. 19,628. 0. OFFICE EQUIPMENT 143(NY) 031808SL 5.00 16 8,967. 8,967. 0. OFFICE EQUIPMENT 144(NY) 05070&SL 5.00 16 16,400. 16,400. 0. OFFICE EQUIPMENT 145(NY) 07020&SL 5.00 16 11,364. 11,364. 0. OFFICE EQUIPMENT 156(NY) 05311ISL 5.00 16 4,382. 4,382. 0. OFFICE EQUIPMENT 161(NY) 022212SL 5.00 16 6,075. 6,075. 0. OFFICE EQUIPMENT 162(NY) 062212SL 5.00 16 3,325. 3,325. 0. OFFICE EQUIPMENT 163(NY) 080511SL 5.00 16 11,001. 11,001. 0. OFFICE EQUIPMENT 172(NY) 032814SL 5.00 16 22,211. 22,211. 0. * OTHER TOTAL MACHINERY AND EQUIP 1„ 1.02 681. 335,566. 767,115. 767,115. 0. * OTHER TOTAL - 1 „110 431. 343,316. 767,115. 767,115. 0. 106MAINTENANCE (FL) 022504SL 3.00 16 2,500. 2,500. 0. 192OFFICE EQUIP-FL 080603200DB5.00 17 2,098. 1,049. 1,049. 1,049. 0. * OTHER TOTAL OTHEIJ 4,598. 3,549. 1,049. 1,049. 0. MACHINERY & EQUIPMENT OFFICE EQUIPMENT 1(FL) 083191SL 5.00 16 12,526. 12,526. 12,526. 0. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806195 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC As.s4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec Deduction OFFICE EQUIPMENT 16(USED CAR (FL)) 060193SL 5.00 16 2,500. 2,500. 2,500. 0. OFFICE EQUIPMENT 29(FL) 070196SL 5.00 16 10,695. 10,695. 10,695. 0. OFFICE EQUIPMENT 43(FL) 07019&SL 5.00 16 77,109. 77,109. 77,109. 0. COMPUTER EQUIPMENT 51(FL) 070199SL 5.00 16 45,399. 45,399. 45,399. 0. COMPUTER EQUIPMENT 54(FL) 070197SL 5.00 16 12,929. 12,929. 12,929. 0. COMPUTER EQUIPMENT 57(FL) 070100SL 5.00 16 66,827. 66,827. 66,827. 0. OFFICE EQUIPMENT 63(FL) 010101SL 5.00 16 4,899. 4,899. 0. OFFICE EQUIPMENT 64(FL) 010101SL 5.00 16 4,244. 4,244. 0. OFFICE EQUIPMENT 79(FL) 040903SL 5.00 16 11,449. 3,435. 8,014. 8,014. 0. OFFICE EQUIPMENT 80(FL) 040903SL 5.00 16 5,563. 1,669. 3,894. 3,894. 0. OFFICE EQUIPMENT 81(FL) 040903SL 5.00 16 15,000. 4,500. 10,500. 10,500. 0. OFFICE EQUIPMENT 82(FL) 060301SL 5.00 16 4,088. 2,044. 2,044. 2,044. 0. OFFICE EQUIPMENT 83(FL) 063003SL 5.00 16 1,880. 940. 940. 940. 0. OFFICE EQUIPMENT 84(FL) 080601SL 5.00 16 2,187. 1,093. 1,094. 1,094. 0. OFFICE EQUIPMENT 85(FL) 100203SL 5.00 16 1,639. 819. 820. 820. 0. OFFICE EQUIPMENT 86(FL) 111803SL 5.00 16 3,355. 1,678. 1,677. 1,677. 0. OFFICE EQUIPMENT 87(FL) 123103SL 5.00 16 3,596. 1,798. 1,798. 1,798. 0. OFFICE EQUIPMENT 114(FL) 020705SL 5.00 16 2,110. 2,110. 0. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806196 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC As.s4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year '43 Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction OFFICE EQUIPMENT 129(FL) 020906SL 5.00 16 5,550. 5,550. 0. OFFICE EQUIPMENT 137(FL) 051507SL 5.00 16 11,175. 11,175. 0. OFFICE EQUIPMENT 138(FL) 112007SL 5.00 16 5,328. 5,328. 0. OFFICE EQUIPMENT 146(FL) 012308SL 5.00 16 12,116. 12,116. 0. COMPUTER 191EQUIPMENT(FL) 103191SL 5.00 16 1,225. 1,225. 1,225. 0. * OTHER TOTAL MACHINERY AND EQUIP' 323,389. 63,398. 259,991. 259,991. 0. * OTHER TOTAL - 327,987. 66,947. 261,040. 261,040. 0. MACHINERY & EQUIPMENT COMPUTER EQUIPMENT 52(CA) 070199SL 5.00 16 69,509. 69,509. 69,509. 0. COMPUTER EQUIPMENT 58(CA) 070100SL 5.00 16 66,027. 66,027. 66,027. 0. OFFICE EQUIPMENT 65(CA) 010101SL 5.00 16 1,161. 1,161. 0. OFFICE EQUIPMENT 66(CA) 010101SL 5.00 16 1,546. 1,546. 0. OFFICE EQUIPMENT 67(CA) 010101SL 5.00 16 1,132. 1,132. 0. OFFICE EQUIPMENT 68(CA) 010101SL 5.00 16 2,273. 2,273. 0. OFFICE EQUIPMENT 69(CA) 071502SL 5.00 16 4,569. 4,569. 0. OFFICE EQUIPMENT 88(CA) 040901SL 5.00 16 17,211. 5,163. 12,048. 12,048. 0. OFFICE EQUIPMENT 89(CA) 041603SL 5.00 16 15,000. 4,500. 10,500. 10,500. 0. OFFICE EQUIPMENT 90(CA) 063003SL 5.00 16 6,016. 3,008. 3,008. 3,008. 0. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806197 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC As.s4i Date toe Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year No Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction OFFICE EQUIPMENT 91(CA) 123103SL 5.00 16 2,420. 1,210. 1,210. 1,210. 0. OFFICE EQUIPMENT 107(CA) 092904SL 5.00 16 8,646. 8,646. 0. OFFICE EQUIPMENT 113(CA) 010104SL 5.00 16 2,500. 2,500. 0. OFFICE EQUIPMENT 115(CA) 031605SL 5.00 16 1,984. 1,984. 0. OFFICE EQUIPMENT 139(CA) 051507SL 5.00 16 8,293. 8,293. 0. OFFICE EQUIPMENT 140(CA) 112007SL 5.00 16 3,084. 3,084. 0. OFFICE EQUIPMENT 147(CA) 01230&SL 5.00 16 14,069. 14,069. 0. OFFICE EQUIPMENT 157(CA) 111411SL 5.00 16 13,425. 13,425. 0. OFFICE EQUIPMENT 180(CA) 123115200DB5.00 17 35,905. 35,905. 0. OFFICE EQUIPMENT 195(CA) 042616200DB5.00 19B 4,927. 4,927. 4,927. 4,927. * OTHER TOTAL MACHINERY AND EQUIP 279,697. 117,395. 162,302. 162,302. 4,927. 4,927. * OTHER TOTAL - 279,697. 117,395. 162,302. 162,302. 4,927. 4,927. BUILDINGS LEASEHOLD 6IMPROVEMENT (NY) 010489SL 5.00 16 25,209. 25,209. 25,209. 0. LEASEHOLD 9IMPROVEMENT (NY) 070190SL 31.0016 33,158. 33,158. 33,158. 0. LEASEHOLD 17IMPROVEMENT (NY) 022894SL 39.0017 8,179. 8,179. 4,384. 210. LEASEHOLD 18IMPROVEMENT (NY) 043094SL 39.0017 2,319. 2,319. 1,222. 59. LEASEHOLD 19IIMPROVEMENT (NY) 073194SL 39.0017 10,964. 10,964. 5,749. 281. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806198 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC Acel Date No Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Mak d Method Life No Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction LEASEHOLD 20IMPROVEMENT (NY) 083194SL 39.0017 32,074. 32,074. 16,749. 822. LEASEHOLD 21IMPROVEMENT (NY) 103094SL 39.0017 11,325. 11,325. 5,861. 290. LEASEHOLD 22IMPROVEMENT (NY) 113094SL 39.0017 12,425. 12,425. 6,420. 319. LEASEHOLD 24IMPROVEMENT (NY) 070195SL 39.0017 12,155. 12,155. 6,417. 312. LEASEHOLD 30IMPROVEMENT (NY) 070196SL 39.0017 54,075. 54,075. 26,970. 1,386. LEASEHOLD 34IMPROVEMENT (NY) 070197SL 39.0017 55,400. 55,400. 26,212. 1,420. LEASEHOLD 37IMPROVEMENT (NY) 112298SL 39.0017 11,700. 11,700. 5,138. 300. LEASEHOLD 47IMPROVEMENT (NY) 070199SL 39.0017 112,785. 112,785. 47,599. 2,892. LEASEHOLD 59IMPROVEMENT (NY) 07010OSL 39.0017 37,330. 37,330. 14,794. 957. LEASEHOLD 92IMPROVEMENT (NY) 062203SL 39.0017 103,492. 51,746. 51,746. 16,643. 1,327. LEASEHOLD 93IMPROVEMENT (NY) 072403SL 39.0017 26,080. 13,040. 13,040. 4,161. 334. LEASEHOLD 94IMPROVEMENT (NY) 081203SL 39.0017 17,758. 8,879. 8,879. 2,822. 228. LEASEHOLD 95IMPROVEMENT (NY) 091803SL 39.0017 128,435. 64,218. 64,217. 20,245. 1,647. LEASEHOLD 96IMPROVEMENT (NY) 102803SL 39.0017 16,767. 8,384. 8,383. 2,625. 215. LEASEHOLD 97IMPROVEMENT (NY) 111903SL 39.0017 41,981. 20,991. 20,990. 6,523. 538. LEASEHOLD 108IMPROVEMENT (NY) 011604SL 39.0017 5,649. 2,825. 2,824. 861. 72. LEASEHOLD 109IMPROVEMENT (NY) 021704SL 39.0017 7,686. 3,843. 3,843. 1,175. 99. LEASEHOLD 1100MPROVEMENT (NY) 123104150DB15.0017 25,000. 12,500. 12,500. 9,587. 739. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806199 2016 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR STATE - NEXT MANAGEMENT LLC Acel Date No Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Mowed method Life Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction LEASEHOLD 130IMPROVEMENT (NY) 022106150DB15.0017 10,485. 10,485. 7,080. 620. LEASEHOLD 131IMPROVEMENT (NY) 030306150DB15.0017 21,461. 21,461. 14,489. 1,268. LEASEHOLD 148IMPROVEMENT (NY) 021208150DB15.0017 11,736. 5,868. 5,868. 3,079. 347. LEASEHOLD 149IMPROVEMENT (NY) 121908150DB15.0017 16,000. 8,000. 8,000. 3,803. 473. LEASEHOLD 153IMPROVEMENT (NY) 070110150DB15.0017 75,753. 75,753. 0. LEASEHOLD 155IMPROVEMENT (NY) 111411150DB15.0017 11,227. 11,227. 0. LEASEHOLD 158IMPROVEMENT (NY) 050412150DB15.0017 4,167. 4,167. 0. LEASEHOLD 159IMPROVEMENT (NY) 111012150DB15.0017 14,059. 14,059. 0. LEASEHOLD 164IMPROVEMENT (NY) 091913150DB15.0017 131,030. 131,030. 0. LEASEHOLD 165IMPROVEMENT (NY) 121713150DB15.0017 9,633. 9,633. 0. LEASEHOLD 166IMPROVEMENT (NY) 123113150DB15.0017 100,954. 100,954. 0. LEASEHOLD 173IMPROVEMENT (NY) 022714150DB15.0017 12,760. 12,760. 0. LEASEHOLD 174IMPROVEMENT (NY) 060414150DB15.0017 156,004. 156,004. 0. LEASEHOLD 181IMPROVEMENT (NY) 080515150DB15.0017 63,396. 63,396. 0. * OTHER TOTAL BUILDINGS 1,430,611. 779,277. 651,334. 318,975. 17,155. * OTHER TOTAL - 1,430,611. 779,277. 651,334. 318,975. 17,155. BUILDINGS LEASEHOLD 38IIMPROVEMENT (FL) 082898SL 39.0017 29,553. 29,553. 13,171. 758. 628102 04.01-16 fl assetdisposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806200 2016 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR STATE - NEXT MANAGEMENT LLC A.Psol Date toe Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Acquired Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction LEASEHOLD 167IMPROVEMENT (FL) 092613150DB15.0017 13,994. 13,994. 0. LEASEHOLD 182IMPROVEMENT (FL) 092515150DB15.0017 25,179. 25,179. 0. * OTHER TOTAL BUILDINGS 68,726. 39,173. 29,553. 13,171. 758. * OTHER TOTAL - 68,726. 39,173. 29,553. 13,171. 758. LEASEHOLD 196IMPROVEMENT (CA) 010516150DB15.0019E 11,130. 11,130. 11,130. 11,130. LEASEHOLD 197IMPROVEMENT (CA) 032316150DB15.0019E 25,305. 25,305. 25,305. 25,305. LEASEHOLD 198IMPROVEMENT (CA) 061416150DB15.0019E 10,561. 10,561. 10,561. 10,561. * OTHER TOTAL OTHER, 46,996. 46,996. 0. 46,996. 46,996. BUILDINGS LEASEHOLD 25IMPROVEMENT (CA) 070195SL 39.0017 11,498. 11,498. 6,067. 295. LEASEHOLD 116IMPROVEMENT (CA) 022405150DB15.0017 6,000. 6,000. 4,407. 354. LEASEHOLD 117IMPROVEMENT (CA) 032105150DB15.0017 800. 800. 586. 47. LEASEHOLD 160IMPROVEMENT (CA) 091612150DB15.0017 5,285. 5,285. 0. LEASEHOLD 168IMPROVEMENT (CA) 083113150DB15.0017 21,300. 21,300. 0. LEASEHOLD 183IMPROVEMENT (CA) 062615150DB15.0017 44,230. 44,230. 0. * OTHER TOTAL BUILDINGS 89,113. 70,815. 18,298. 11,060. 696. * OTHER TOTAL - 136,109. 117,811. 18,298. 11,060.46,996. 47,692. FURNITURE & FIXTURES 628162 04.01.16 (D) Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806201 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC sot Date L+19 Unadjusted Bus % Reduction In Basis For Accumulated Current Current'fear w1 Description Ma k d Method Life No Cost Or Basis b(0 Basis Depreciation Depreciation Sec 179 Deduction FURNITURE & 1FIXTURES (NY) 053191SL 7.00 16 4,775. 4,775. 4,775. 0. FURNITURE & 7FIXTURES (NY) 010489SL 5.00 16 26,013. 26,013. 26,013. 0. FURNITURE & 10FIXTURES (NY) 070190SL 7.00 16 4,541. 3,465. 1,076. 1,076. 0. FURNITURE & 267IXTURES (NY) 070195SL 7.00 16 31,451. 31,451. 31,451. 0. FURNITURE & 31FIXTURES (NY) 070196SL 7.00 16 35,874. 17,500. 18,374. 18,374. 0. FURNITURE & 35FIXTURES (NY) 070197SL 7.00 16 8,872. 8,872. 0. FURNITURE & 39FIXTURES (NY) 070198SL 7.00 16 12,254. 12,254. 12,254. 0. FURNITURE & 4BFIXTURES (NY) 070199SL 7.00 16 66,766. 66,766. 66,766. 0. FURNITURE & 60FIXTURES (NY) 070100SL 7.00 16 39,506. 39,506. 39,506. 0. FURNITURE & 70(FIXTURES (NY) 043002SL 7.00 16 12,000. 12,000. 0. FURNITURE & 98FIXTURES (NY) 112503SL 7.00 16 3,598. 1,799. 1,799. 1,799. 0. FURNITURE & 997IXTURES (NY) 120403SL 7.00 16 28,027. 14,014. 14,013. 14,013. 0. FURNITURE & 100FIXTURES (NY) 080803SL 7.00 16 48,543. 24,272. 24,271. 24,271. 0. FURNITURE & 101FIXTURES (NY) 092603SL 7.00 16 3,874. 1,937. 1,937. 1,937. 0. FURNITURE & 102FIXTURES (NY) 120803SL 7.00 16 7,275. 3,638. 3,637. 3,637. 0. FURNITURE & 111FIXTURES (NY) 112304SL 7.00 16 6,001. 6,001. 0. FURNITURE & 112FIXTURES (NY) 013004SL 7.00 16 165. 165. 0. FURNITURE & 124FIXTURES (NY) 012005SL 7.00 16 6,215. 6,215. 0. 628107 04411-16 (C)assetdisposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806202 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC :.se-41 Date 1,+19 Unadjusted Bus % Reduction In Basis For Accumulated Current a Current Year No Description Mak d Method Life No Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction FURNITURE & 125FIXTURES (NY) 031105SL 7.00 16 111. 111. 0. FURNITURE & 126FIXTURES (NY) 061705SL 7.00 16 8,440. 8,440. 0. FURNITURE & 127FIXTURES (NY) 071405SL 7.00 16 936. 936. 0. FURNITURE & 134FIXTURES (NY) 031406SL 7.00 16 4,664. 4,664. 0. FURNITURE & 141FIXTURES (NY) 021407SL 7.00 16 4,881. 4,881. 0. FURNITURE & 142FIXTURES (NY) 051507SL 7.00 16 6,610. 6,610. 0. FURNITURE & 'SO/FIXTURES (NY) 050708-51, 7.00 16 3,542. 3,542. 0. FURNITURE & 151FIXTURES (NY) 122608SL 7.00 16 4,400. 4,400. 0. FURNITURE & 152FIXTURES (NY) 012309SL 7.00 16 4,400. 4,400. 0. FURNITURE & 154FIXTURES (NY) 011410SL 5.00 16 1,214. 1,214. 0. FURNITURE & 169FIXTURES (NY) 080813SL 7.00 16 39,929. 39,929. 0. FURNITURE & 170IFIXTURES (NY) 123113SL 7.00 16 11,688. 11,688. 0. FURNITURE & 175FIXTURES (NY) 011014SL 7.00 16 23,085. 23,085. 0. FURNITURE & 176FIXTURES (NY) 021414SL 7.00 16 41,566. 41,566. 0. FURNITURE & 177FIXTURES (NY) 050714SL 7.00 16 17,813. 17,813. 0. FURNITURE & 185FIXTURES (NY) 070115200DB7.00 17 8,706. 8,706. 0. * OTHER TOTAL FURNITURE AND FIXTU 527,735. 281,863. 245,872. 245,872. 0. * OTHER TOTAL - 527,735. 281,863. 245,872. 245,872. 0. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806203 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC :.se-41 Date too Unadjusted Bus% Reduction In Basis For Accumulated Current Current Year w, Description Mak d Method Life No Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction FURNITURE & FIXTURES FURNITURE & 32FIXTURES (FL) 070196SL 7.00 16 16,528. 16,528. 16,528. 0. FURNITURE & 36FIXTURES (FL) 070197SL 7.00 16 1,952. 1,952. 0. FURNITURE & 40(FIXTURES (FL) 070198SL 7.00 16 21,639. 21,639. 21,639. 0. FURNITURE & in/FIXTURES (FL) 070199SL 7.00 16 1,953. 1,953. 1,953. 0. FURNITURE & 132FIXTURES (FL) 051506SL 7.00 16 2,789. 2,789. 0. FURNITURE & 133FIXTURES (FL) 072006SL 7.00 16 2,999. 2,999. 0. FURNITURE & 171FIXTURES (FL) 012913SL 7.00 16 2,825. 2,825. 0. FURNITURE & 178FIXTURES (FL) 071014SL 7.00 16 7,196. 7,196. 0. FURNITURE & 184FIXTURES (FL) 101215200DB7.00 17 3,778. 3,778. 0. FURNITURE & 194FIXTURES (FL) 060191SL 7.00 16 16,047. 16,047. 16,047. 0. * OTHER TOTAL FURNITURE AND FIXTU 77,706. 21,539. 56,167. 56,167. 0. * OTHER TOTAL - 77,706. 21,539. 56,167. 56,167. 0. FURNITURE & FIXTURES FURNITURE & 27FIXTURES (CA) 070195SL 7.00 16 16,832. 16,832. 16,832. 0. FURNITURE & 33FIXTURES 070196SL 7.00 16 6,256. 6,256. 6,256. 0. FURNITURE & 41FIXTURES (CA) 070198SL 7.00 16 13,092. 13,092. 13,092. 0. FURNITURE & 118FIXTURES (CA) 031605SL 7.00 16 6,191. 6,191. 0. 628 WO 044.1-16 (D) Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806204 2016 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR STATE - NEXT MANAGEMENT LLC Ass.4 Date toe Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction FURNITURE & 119FIXTURES (CA) 042905SL 7.00 16 7,975. 7,975. 0. * OTHER TOTAL FURNITURE AND FIXTU 50,346. 14,166. 36,180. 36,180. 0. * OTHER TOTAL - 50,346. 14,166. 36,180. 36,180. 0. MACHINERY & EQUIPMENT 179SOFTWARE (NY) 012215SL 3.00 16 155,603. 77,802. 77,801. 23,773. 25,934. * OTHER TOTAL MACHINERY AND EQUIPI 155,603. 77,802. 77,801. 23,773. 25,934. * OTHER TOTAL - 155,603. 77,802. 77,801. 23,773. 25,934. 18/ORGANIZATION COSTS 010489409 60M 43 26,951. 26,951. 26,951. 0. 188START-UP COSTS 071692195 60M 43 26,000. 26,000. 26,000. 0. 189START-UP COSTS 070192195 60M 43 25,000. 25,000. 25,000. 0. COVENANT NOT TO 190,COMPETE 103110197 180M 43 3,000,000. 3 . 000 . 000 - 1 „033 333 • 200,000. 191ORGANIZATION COSTS 061515709 180M 43 15,790. 15,790. 614. 1,053. * OTHER TOTAL OTHER 3,093,741. 3 . 093 . 741 - 1 „111 898 • 201,053. BUILDINGS LEASEHOLD 186IMPROVEMENT (MET) 070115150DB15.0017 10,000. 10,000. 0. LEASEHOLD 199IMPROVEMENT (MET) 052816150DB15.0019E 12,600. 12,600. 12,600. 12,600. * OTHER TOTAL BUILDINGS 22,600. 22,600. 0. 12,600. 12,600. i* OTHER TOTAL - 628162 04.01.16 3,116,341. 22,600. 3,093,741. 1.111,898.12,600. 213,653. pyAssetdisposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806205 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC Af4:4i Date toe Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction * GRAND TOTAL OTHER DEPR AND AMORT 7,281,292. 1,881,889. 5,399,403. 3,007,553.64, 523. 310,119. TOTALS FOR NEW YORK 7,281,292. 1,881,889. 5,399,403. 3,007,553.64, 523. 310,119. 105MAINTENANCE (NY) 022504SL 3.00 16 7,750. 7,750. 0. * OTHER TOTAL OTHER 7,750. 7,750. 0. 0. MACHINERY & EQUIPMENT COMPUTER 2EQUIPMENT(NY) 103191SL 5.00 16 16,816. 16,816. 16,816. 0. OFFICE EQUIPMENT 4(NY) 010489SL 5.00 16 12,215. 12,215. 12,215. 0. COMPUTER EQUIPMENT 5(NY) 010489SL 5.00 16 47,819. 47,819. 47,819. 0. OFFICE 8•EQUIPMENT(NY) 070190SL 5.00 16 6,535. 6,535. 0. COMPUTER EQUIPMENT 11(NY) 013192SL 5.00 16 8,539. 8,539. 8,539. 0. 127RINTER (NY) 022693SL 5.00 16 4,241. 4,241. 4,241. 0. OFFICE EQUIPMENT 13(NY) 05109ISL 5.00 16 2,382. 2,382. 2,382. 0. OFFICE EQUIPMENT 14(NY) 100193SL 5.00 16 2,454. 2,454. 2,454. 0. COMPUTER EQUIPMENT 15(NY) 110193SL 5.00 16 31,034. 17,500. 13,534. 13,534. 0. OFFICE EQUIPMENT 23(NY) 070195SL 5.00 16 55,855. 55,855. 55,855. 0. OFFICE EQUIPMENT 28(NY) 070196SL 5.00 16 45,326. 45,326. 45,326. 0. OFFICE EQUIPMENT 42(NY) 07019&SL 5.00 16 126,474. 126,474. 126,474. 0. COMPUTER EQUIPMENT 50(NY) 070199SL 5.00 16 202,098. 202,098. 202,098.1 0. 628162 04.01.16 (C)assMdisposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806206 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC As.s4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year ND Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction COMPUTER EQUIPMENT 53(NY) 070197SL 5.00 16 38,206. 38,206. 38,206. 0. COMPUTER -96 55iRETIRED 070196SL 5.00 16 -19,757. -19,757. -19,757. 0. COMPUTER EQUIPMENT 56(NY) 070100SL 5.00 16 174,341. 174,341. 174,341. 0. OFFICE EQUIPMENT 61(NY) 010101SL 5.00 16 2,014. 2,014. 0. OFFICE EQUIPMENT 62(NY) 010101SL 5.00 16 1,959. 1,959. 0. COMPUTER EQUIPMENT 71(NY) 041001SL 5.00 16 41,698. 41,698. 0. COMPUTER EQUIPMENT 72(NY) 041001SL 5.00 16 20,169. 20,169. 0. COMPUTER EQUIPMENT 73(NY) 042403SL 5.00 16 3,372. 3,372. 0. COMPUTER EQUIPMENT 74(NY) 052301SL 5.00 16 4,443. 4,443. 0. COMPUTER EQUIPMENT 75(NY) 061703SL 5.00 16 6,582. 6,582. 0. COMPUTER EQUIPMENT 76(NY) 072201SL 5.00 16 5,359. 5,359. 0. COMPUTER EQUIPMENT 77(NY) 080601SL 5.00 16 19,961. 19,961. 0. OFFICE EQUIPMENT 78(NY) 082201SL 5.00 16 8,045. 4,023. 4,022. 4,022. 0. COMPUTER EQUIPMENT 103(NY) 040101SL 5.00 16 46,500. 13,950. 32,550. 32,550. 0. OFFICE EQUIPMENT 104(NY) 010504SL 5.00 16 10,835. 10,835. 0. OFFICE EQUIPMENT 120(NY) 020705SL 5.00 16 6,714. 6,714. 0. OFFICE EQUIPMENT 121(NY) 020505SL 5.00 16 2,496. 2,496. 0. OFFICE EQUIPMENT 122(NY) 021505ISL 5.00 16 2,086. 2,086. 0. 628 NY) 04411-16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806207 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC Ass.4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction OFFICE EQUIPMENT 123(NY) 110105SL 5.00 16 13,164. 13,164. 0. OFFICE EQUIPMENT 128(NY) 021606SL 5.00 16 9,755. 9,755. 0. OFFICE EQUIPMENT 135(NY) 051507SL 5.00 16 39,598. 39,598. 0. OFFICE EQUIPMENT 136(NY) 11200TSL 5.00 16 19,628. 19,628. 0. OFFICE EQUIPMENT 143(NY) 03180&SL 5.00 16 8,967. 8,967. 0. OFFICE EQUIPMENT 144(NY) 05070&SL 5.00 16 16,400. 16,400. 0. OFFICE EQUIPMENT 145(NY) 07020&SL 5.00 16 11,364. 11,364. 0. OFFICE EQUIPMENT 156(NY) 053111SL 5.00 16 4,382. 4,382. 0. OFFICE EQUIPMENT 161(NY) 022212SL 5.00 16 6,075. 6,075. 0. OFFICE EQUIPMENT 162(NY) 062212SL 5.00 16 3,325. 3,325. 0. OFFICE EQUIPMENT 163(NY) 080513SL 5.00 16 11,001. 11,001. 0. OFFICE EQUIPMENT 172(NY) 032814SL 5.00 16 22,211. 22,211. 0. * OTHER TOTAL MACHINERY AND EQUIP 1,102,681. 335,566. 767,115. 767,115. 0. * OTHER TOTAL - 1,110,431. 343,316. 767,115. 767,115. 0. 106MAINTENANCE (FL) 022504SL 3.00 16 2,500. 2,500. 0. 192OFFICE EQUIP-FL 080603200DB5.00 17 2,098. 1,049. 1,049. 1,049. 0. * OTHER TOTAL OTHER 4,598. 3,549. 1,049. 1,049. 0. MACHINERY & AEQUIPMENT 628162 04.01.16 (passetdisposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806208 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC As.s4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year '43 Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction OFFICE EQUIPMENT 1(FL) 083191SL 5.00 16 12,526. 12,526. 12,526. 0. OFFICE EQUIPMENT 16(USED CAR (FL)) 060193SL 5.00 16 2,500. 2,500. 2,500. 0. OFFICE EQUIPMENT 29(FL) 070196SL 5.00 16 10,695. 10,695. 10,695. 0. OFFICE EQUIPMENT 43(FL) 07019&SL 5.00 16 77,109. 77,109. 77,109. 0. COMPUTER EQUIPMENT 51(FL) 070199SL 5.00 16 45,399. 45,399. 45,399. 0. COMPUTER EQUIPMENT 54(FL) 070197SL 5.00 16 12,929. 12,929. 12,929. 0. COMPUTER EQUIPMENT 57(FL) 070100SL 5.00 16 66,827. 66,827. 66,827. 0. OFFICE EQUIPMENT 63(FL) 010101SL 5.00 16 4,899. 4,899. 0. OFFICE EQUIPMENT 64(FL) 010101SL 5.00 16 4,244. 4,244. 0. OFFICE EQUIPMENT 79(FL) 040903SL 5.00 16 11,449. 3,435. 8,014. 8,014. 0. OFFICE EQUIPMENT 80(FL) 040903SL 5.00 16 5,563. 1,669. 3,894. 3,894. 0. OFFICE EQUIPMENT 81(FL) 040903SL 5.00 16 15,000. 4,500. 10,500. 10,500. 0. OFFICE EQUIPMENT 82(FL) 060303SL 5.00 16 4,088. 2,044. 2,044. 2,044. 0. OFFICE EQUIPMENT 83(FL) 063001SL 5.00 16 1,880. 940. 940. 940. 0. OFFICE EQUIPMENT 84(FL) 080603SL 5.00 16 2,187. 1,093. 1,094. 1,094. 0. OFFICE EQUIPMENT 85(FL) 100201SL 5.00 16 1,639. 819. 820. 820. 0. OFFICE EQUIPMENT 86(FL) 111803SL 5.00 16 3,355. 1,678. 1,677. 1,677. 0. OFFICE EQUIPMENT 87(FL) 123103SL 5.00 16 3,596. 1,798. 1,798. 1,798. 0. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806209 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC As.s4i Date toe Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year '43 Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction OFFICE EQUIPMENT 114(FL) 020705SL 5.00 16 2,110. 2,110. 0. OFFICE EQUIPMENT 129(FL) 020906SL 5.00 16 5,550. 5,550. 0. OFFICE EQUIPMENT 137(FL) 051507SL 5.00 16 11,175. 11,175. 0. OFFICE EQUIPMENT 138(FL) 112007SL 5.00 16 5,328. 5,328. 0. OFFICE EQUIPMENT 146(FL) 01230&SL 5.00 16 12,116. 12,116. 0. COMPUTER 191EQUIPMENT(FL) 103191SL 5.00 16 1,225. 1,225. 1,225. 0. * OTHER TOTAL MACHINERY AND EQUIP 323,389. 63,398. 259,991. 259,991. 0. * OTHER TOTAL - 327,987. 66,947. 261,040. 261,040. 0. MACHINERY & EQUIPMENT COMPUTER EQUIPMENT 52(CA) 070199SL 5.00 16 69,509. 69,509. 69,509. 0. COMPUTER EQUIPMENT 58(CA) 070100SL 5.00 16 66,027. 66,027. 66,027. 0. OFFICE EQUIPMENT 65(CA) 010101SL 5.00 16 1,161. 1,161. 0. OFFICE EQUIPMENT 66(CA) 010101SL 5.00 16 1,546. 1,546. 0. OFFICE EQUIPMENT 67(CA) 010101SL 5.00 16 1,132. 1,132. 0. OFFICE EQUIPMENT 68(CA) 010101SL 5.00 16 2,273. 2,273. 0. OFFICE EQUIPMENT 69(CA) 071502SL 5.00 16 4,569. 4,569. 0. OFFICE EQUIPMENT 88(CA) 040901SL 5.00 16 17,211. 5,163. 12,048. 12,048. 0. OFFICE EQUIPMENT 89(CA) 041601SL 5.00 16 15,000. 4,500. 10,500. 10,500. 0. 628,(Y) 64.01-16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806210 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC As.s4i Date toe Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year No Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction OFFICE EQUIPMENT 90(CA) 063003SL 5.00 16 6,016. 3,008. 3,008. 3,008. 0. OFFICE EQUIPMENT 91(CA) 123103SL 5.00 16 2,420. 1,210. 1,210. 1,210. 0. OFFICE EQUIPMENT 107(CA) 092904SL 5.00 16 8,646. 8,646. 0. OFFICE EQUIPMENT 113(CA) 010104SL 5.00 16 2,500. 2,500. 0. OFFICE EQUIPMENT 115(CA) 031605SL 5.00 16 1,984. 1,984. 0. OFFICE EQUIPMENT 139(CA) 05150751. 5.00 16 8,293. 8,293. 0. OFFICE EQUIPMENT 140(CA) 112007SL 5.00 16 3,084. 3,084. 0. OFFICE EQUIPMENT 147(CA) 01230&SL 5.00 16 14,069. 14,069. 0. OFFICE EQUIPMENT 157(CA) 111411SL 5.00 16 13,425. 13,425. 0. OFFICE EQUIPMENT 180(CA) 123115200DB5.00 17 35,905. 35,905. 0. OFFICE EQUIPMENT 195(CA) 042616200DB5.00 19B 4,927. 4,927. 4,927. 4,927. * OTHER TOTAL MACHINERY AND EQUIP 279,697. 117,395. 162,302. 162,302. 4,927. 4,927. * OTHER TOTAL - 279,697. 117,395. 162,302. 162,302. 4,927. 4,927. BUILDINGS LEASEHOLD 6IMPROVEMENT (NY) 010489SL 5.00 16 25,209. 25,209. 25,209. 0. LEASEHOLD 9IMPROVEMENT (NY) 070190SL 31.0016 33,158. 33,158. 33,158. 0. LEASEHOLD 17IMPROVEMENT (NY) 022894SL 39.0017 8,179. 8,179. 4,384. 210. LEASEHOLD 181MPROVEMENT (NY) 043094SL 39.0017 2,319. 2,319. 1,222. 59. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806211 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC _mil Date LOO Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year bk, Description Mak d Method Life No cog Or Basis Excl Basis Depreciation Depreciation Sec Deduction LEASEHOLD 19IMPROVEMENT (NY) 073194SL 39.0017 10,964. 10,964. 5,749. 281. LEASEHOLD 20IMPROVEMENT (NY) 083194SL 39.0017 32,074. 32,074. 16,749. 822. LEASEHOLD 21IMPROVEMENT (NY) 103094SL 39.0017 11,325. 11,325. 5,861. 290. LEASEHOLD 22IMPROVEMENT (NY) 113094SL 39.0017 12,425. 12,425. 6,420. 319. LEASEHOLD 24IMPROVEMENT (NY) 070195SL 39.0017 12,155. 12,155. 6,417. 312. LEASEHOLD 30IMPROVEMENT (NY) 070196SL 39.0017 54,075. 54,075. 26,970. 1,386. LEASEHOLD 34IMPROVEMENT (NY) 070197SL 39.0017 55,400. 55,400. 26,212. 1,420. LEASEHOLD 37IMPROVEMENT (NY) 112298SL 39.0017 11,700. 11,700. 5,138. 300. LEASEHOLD 47IMPROVEMENT (NY) 070199SL 39.0017 112,785. 112,785. 47,599. 2,892. LEASEHOLD 59IMPROVEMENT (NY) 07010OSL 39.0017 37,330. 37,330. 14,794. 957. LEASEHOLD 92IMPROVEMENT (NY) 062203SL 39.0017 103,492. 51,746. 51,746. 16,643. 1,327. LEASEHOLD 93IMPROVEMENT (NY) 072403SL 39.0017 26,080. 13,040. 13,040. 4,161. 334. LEASEHOLD 94IMPROVEMENT (NY) 081203SL 39.0017 17,758. 8,879. 8,879. 2,822. 228. LEASEHOLD 95IMPROVEMENT (NY) 091803SL 39.0017 128,435. 64,218. 64,217. 20,245. 1,647. LEASEHOLD 96IMPROVEMENT (NY) 102803SL 39.0017 16,767. 8,384. 8,383. 2,625. 215. LEASEHOLD 97IMPROVEMENT (NY) 111903SL 39.0017 41,981. 20,991. 20,990. 6,523. 538. LEASEHOLD 108IMPROVEMENT (NY) 011604SL 39.0017 5,649. 2,825. 2,824. 861. 72. LEASEHOLD 109IMPROVEMENT (NY) 021704SL 39.0017 7,686. 3,843. 3,843. 1,175. 99. 628W0 04-01-16 (C)assetdisposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806212 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC Acr l Date toe Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Description Acquired method Life Noe Cog Or Basis Exci Basis Depreciation Depreciation Sec 179 Deduction LEASEHOLD 110IMPROVEMENT (NY) 123104150DB15.0017 25,000. 12,500. 12,500. 9,587. 739. LEASEHOLD 130IMPROVEMENT (NY) 022106150DB15.0017 10,485. 10,485. 7,080. 620. LEASEHOLD 131IMPROVEMENT (NY) 030306150DB15.0017 21,461. 21,461. 14,489. 1,268. LEASEHOLD 148IMPROVEMENT (NY) 021208150DB15.0017 11,736. 5,868. 5,868. 3,079. 347. LEASEHOLD 149IMPROVEMENT (NY) 121908150DB15.0017 16,000. 8,000. 8,000. 3,803. 473. LEASEHOLD 153IMPROVEMENT (NY) 070110150DB15.0017 75,753. 75,753. 0. LEASEHOLD 155IMPROVEMENT (NY) 111411150DB15.0017 11,227. 11,227. 0. LEASEHOLD 158IMPROVEMENT (NY) 050412150DB15.0017 4,167. 4,167. 0. LEASEHOLD 159IMPROVEMENT (NY) 111012150DB15.0017 14,059. 14,059. 0. LEASEHOLD 164IMPROVEMENT (NY) 091913150DB15.0017 131,030. 131,030. 0. LEASEHOLD 165IMPROVEMENT (NY) 121713150DB15.0017 9,633. 9,633. 0. LEASEHOLD 166IMPROVEMENT (NY) 123113150DB15.0017 100,954. 100,954. 0. LEASEHOLD 173IMPROVEMENT (NY) 022714150DB15.0017 12,760. 12,760. 0. LEASEHOLD 174IMPROVEMENT (NY) 060414150DB15.0017 156,004. 156,004. 0. LEASEHOLD 181IMPROVEMENT (NY) 080515150DB15.0017 63,396. 63,396. 0. * OTHER TOTAL BUILDINGS 1,430,611, 779,277. 651,334. 318,975. 17,155. * OTHER TOTAL - 1,430,611. 779,277. 651,334. 318,975. 17,155. JBUILDINGS 628162 04.01.16 (D) - Asset disposod • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806213 2016 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR STATE - NEXT MANAGEMENT LLC Af4:4i Date boo Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year ND Description Acquired Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction LEASEHOLD 38IMPROVEMENT (FL) 08289&SL 39.0017 29,553. 29,553. 13,171. 758. LEASEHOLD 167IMPROVEMENT (FL) 092613150DB15.0017 13,994. 13,994. 0. LEASEHOLD 182IMPROVEMENT (FL) 092515150DB15.0017 25,179. 25,179. 0. * OTHER TOTAL BUILDINGS 68,726. 39,173. 29,553. 13,171. 758. * OTHER TOTAL - 68,726. 39,173. 29,553. 13,171. 758. LEASEHOLD 196IMPROVEMENT (CA) 010516150DB15.0019E 11,130. 11,130. 11,130. 11,130. LEASEHOLD 197IMPROVEMENT (CA) 032316150DB15.0019E 25,305. 25,305. 25,305. 25,305. LEASEHOLD 198IMPROVEMENT (CA) 061416150DB15.0019E 10,561. 10,561. 10,561. 10,561. * OTHER TOTAL OTHER 46,996. 46,996. 0. 46,996. 46,996. BUILDINGS LEASEHOLD 25IMPROVEMENT (CA) 070195SL 39.0017 11,498. 11,498. 6,067. 295. LEASEHOLD 116IMPROVEMENT (CA) 022405150DB15.0017 6,000. 6,000. 4,407. 354. LEASEHOLD 117IMPROVEMENT (CA) 032105150DB15.0017 800. 800. 586. 47. LEASEHOLD 160IMPROVEMENT (CA) 091612150DB15.0017 5,285. 5,285. 0. LEASEHOLD 168IMPROVEMENT (CA) 083113150DB15.0017 21,300. 21,300. 0. LEASEHOLD 183IMPROVEMENT (CA) 062615150DB15.0017 44,230. 44,230. 0. * OTHER TOTAL BUILDINGS 89,113. 70,815. 18,298. 11,060. 696. i* OTHER TOTAL - 136,109. 117,811. 18,298. 11,060.46,996. 47,692. 628162 04.01.16 (D) Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806214 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC set Date toe Unadjusted Bus% Reduction In Basis For Accumulated Current Current w1 Description Ma k d Method Life No Cost Or Basis b(0 Basis Depreciation Depreciation Sec 179 Deduction FURNITURE & FIXTURES FURNITURE & IFIXTURES (NY) 053191SL 7.00 16 4,775. 4,775. 4,775. 0. FURNITURE & 7FIXTURES (NY) 010489SL 5.00 16 26,013. 26,013. 26,013. 0. FURNITURE & "MIXTURES (NY) 070190SL 7.00 16 4,541. 3,465. 1,076. 1,076. 0. FURNITURE & 26FIXTURES (NY) 070195SL 7.00 16 31,451. 31,451. 31,451. 0. FURNITURE & 31FIXTURES (NY) 070196SL 7.00 16 35,874. 17,500. 18,374. 18,374. 0. FURNITURE & 35FIXTURES (NY) 070197SL 7.00 16 8,872. 8,872. 0. FURNITURE & 39FIXTURES (NY) 070198SL 7.00 16 12,254. 12,254. 12,254. 0. FURNITURE & 48FIXTURES (NY) 070199SL 7.00 16 66,766. 66,766. 66,766. 0. FURNITURE & 6MIXTURES (NY) 070100SL 7.00 16 39,506. 39,506. 39,506. 0. FURNITURE & 70'FIXTURES (NY) 043002SL 7.00 16 12,000. 12,000. 0. FURNITURE & 98FIXTURES (NY) 112503SL 7.00 16 3,598. 1,799. 1,799. 1,799. 0. FURNITURE & 99FIXTURES (NY) 120403SL 7.00 16 28,027. 14,014. 14,013. 14,013. 0. FURNITURE & 100FIXTURES (NY) 080803SL 7.00 16 48,543. 24,272. 24,271. 24,271. 0. FURNITURE & 101FIXTURES (NY) 092603SL 7.00 16 3,874. 1,937. 1,937. 1,937. 0. FURNITURE & 102FIXTURES (NY) 120803SL 7.00 16 7,275. 3,638. 3,637. 3,637. 0. FURNITURE & 111FIXTURES (NY) 112304SL 7.00 16 6,001. 6,001. 0. FURNITURE & 112FIXTURES (NY) 013004SL 7.00 16 165. 165. 0. 628107 04411-16 (D) Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806215 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC :.se-41 Date L00 Unadjusted Bus % Reduction In Basis For Accumulated Current a Current Year No Description Ma k d Method Life No Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction FURNITURE & 124FIXTURES (NY) 012005SL 7.00 16 6,215. 6,215. 0. FURNITURE & 125FIXTURES (NY) 031105SL 7.00 16 111. 111. 0. FURNITURE & 126FIXTURES (NY) 061705SL 7.00 16 8,440. 8,440. 0. FURNITURE & 127FIXTURES (NY) 071405SL 7.00 16 936. 936. 0. FURNITURE & 134FIXTURES (NY) 031406SL 7.00 16 4,664. 4,664. 0. FURNITURE & 141FIXTURES (NY) 021407SL 7.00 16 4,881. 4,881. 0. FURNITURE & 142FIXTURES (NY) 051507SL 7.00 16 6,610. 6,610. 0. FURNITURE & 150IFIXTURES (NY) 050708SL 7.00 16 3,542. 3,542. 0. FURNITURE & 151FIXTURES (NY) 122608SL 7.00 16 4,400. 4,400. 0. FURNITURE & 152FIXTURES (NY) 012309SL 7.00 16 4,400. 4,400. 0. FURNITURE & 154FIXTURES (NY) 011410SL 5.00 16 1,214. 1,214. 0. FURNITURE & 169FIXTURES (NY) 080813SL 7.00 16 39,929. 39,929. 0. FURNITURE & 170'FIXTURES (NY) 123113SL 7.00 16 11,688. 11,688. 0. FURNITURE & 175FIXTURES (NY) 011014SL 7.00 16 23,085. 23,085. 0. FURNITURE & 176FIXTURES (NY) 021414SL 7.00 16 41,566. 41,566. 0. FURNITURE & 177FIXTURES (NY) 050714SL 7.00 16 17,813. 17,813. 0. FURNITURE & 185FIXTURES (NY) 070115200DB7.00 17 8,706. 8,706. 0. * OTHER TOTAL FURNITURE AND FIXTU 527,735. 281,863. 245,872. 245,872. 0. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806216 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE — NEXT MANAGEMENT LLC Assai Date toe Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year DesOption Mak d Method Life No Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction * OTHER TOTAL — 527,735. 281,863. 245,872. 245,872. 0. FURNITURE & FIXTURES FURNITURE & 32FIXTURES (FL) 070196SL 7.00 16 16,528. 16,528. 16,528. 0. FURNITURE & 36FIXTURES (FL) 070197SL 7.00 16 1,952. 1,952. 0. FURNITURE & 40'FIXTURES (FL) 070198SL 7.00 16 21,639. 21,639. 21,639. 0. FURNITURE & 49FIXTURES (FL) 070199SL 7.00 16 1,953. 1,953. 1,953. 0. FURNITURE & 132FIXTURES (FL) 051506SL 7.00 16 2,789. 2,789. 0. FURNITURE & 133FIXTURES (FL) 072006SL 7.00 16 2,999. 2,999. 0. FURNITURE & 171FIXTURES (FL) 012913SL 7.00 16 2,825. 2,825. 0. FURNITURE & 178FIXTURES (FL) 071014SL 7.00 16 7,196. 7,196. 0. FURNITURE & 184FIXTURES (FL) 101215200DB7.00 17 3,778. 3,778. 0. FURNITURE & 194FIXTURES (FL) 060191SL 7.00 16 16,047. 16,047. 16,047. 0. * OTHER TOTAL FURNITURE AND FIXTU 77,706. 21,539. 56,167. 56,167. 0. * OTHER TOTAL - 77,706. 21,539. 56,167. 56,167. 0. FURNITURE & FIXTURES FURNITURE & 27FIXTURES (CA) 070195SL 7.00 16 16,832. 16,832. 16,832. 0. FURNITURE & 33FIXTURES 070196SL 7.00 16 6,256. 6,256. 6,256. 0. FURNITURE & 41FIXTURES (CA) 070198SL 7.00 16 13,092. 13,092. 13,092. 0. 628162 04.01.16 (D) -Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806217 2016 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR STATE - NEXT MANAGEMENT LLC As.s4i Date too Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year ND Description Acquir d Method Life NO Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction FURNITURE & 118,FIXTURES (CA) 031605SL 7.00 16 6,191. 6,191. 0. FURNITURE & 119'FIXTURES (CA) 042905SL 7.00 16 7,975. 7,975. 0. * OTHER TOTAL FURNITURE AND FIXTU 50,346. 14,166. 36,180. 36,180. 0. * OTHER TOTAL - 50,346. 14,166. 36,180. 36,180. 0. MACHINERY & EQUIPMENT 179SOFTWARE (NY) 012215SL 3.00 16 155,603. 77,802. 77,801. 23,773. 25,934. * OTHER TOTAL MACHINERY AND EQUIP 155,603. 77,802. 77,801. 23,773. 25,934. * OTHER TOTAL - 155,603. 77,802. 77,801. 23,773. 25,934. 18TORGANIZATION COSTS 010489709 60M 43 26,951. 26,951. 26,951. 0. 18&START-UP COSTS 071692195 60M 43 26,000. 26,000. 26,000. 0. 189START-UP COSTS 070192195 60M 43 25,000. 25,000. 25,000. 0. COVENANT NOT TO 19DCOMPETE 103110197 180M 43 3,000,000, 3,000,000. 1„033 333. 200,000. 19LORGANIZATION COSTS 061515709 180M 43 15,790. 15,790. 614. 1,053. * OTHER TOTAL OTHER 3 „D93 741. 3 „093 741. 1„111 898. 201,053. BUILDINGS LEASEHOLD 186IMPROVEMENT (MET) 070115150DB15.0017 10,000. 10,000. 0. LEASEHOLD 199IMPROVEMENT (MET) 052816150DB15.0019E 12,600. 12,600. 12,600. 12,600. * OTHER TOTAL JBUILDINGS 22,600. 22,600. 0. 12,600. 12,600. 628162 04.01.16 (D) - Asset disposed • ITC. Section 179. Salvage. Bonus. Commercial Revitalization Deduction EFTA00806218 2016 DEPRECIATION AND AMORTIZATION REPORT — CURRENT YEAR STATE - NEXT MANAGEMENT LLC eesal Date tea Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year Na Description Anuired Method Life No Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction * OTHER TOTAL - 3,116,341. 22,600. 3,093, 7 41. 1,111,898 2,600. 213,653. * GRAND TOTAL OTHERI DEPR AND AMORT 7,281 ,292 1,881,889. 5,399,403. 3,007,553 64,523. 310,119. 628102 04.01-16 (D) Asset disposed • ITC. Section 179. Sal 'age. Bonus. Commercial Revitalization Deduction EFTA00806219 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC Ace.O1 Date Unadjusted Basis For Accumulated Amount DI Description Mowed Method We CoM0rBasis ReduclionM Depreciation Depreciation Depreciation Basis 105MAINTENANCE (NY) 022504SL 3.00 7,750. 7,750. 0. * OTHER TOTAL OTHER 7,750. 7,750. 0. 0. 0. MACHINERY & EQUIPMENT DCOMPUTER EQUIPMENT(NY) 103191SL 5.00 16,816. 16,816. 16,816. 0. 4OFFICE EQUIPMENT (NY) 010489SL 5.00 12,215. 12,215. 12,215. 0. SCOMPUTER EQUIPMENT (NY) 010489SL 5.00 47,819. 47,819. 47,819. 0. &OFFICE EQUIPMENT(NY) 070190SL 5.00 6,535. 6,535. 0. 11COMPUTER EQUIPMENT (NY) 013192SL 5.00 8,539. 8,539. 8,539. 0. 12PRINTER (NY) 022693SL 5.00 4,241. 4,241. 4,241. 0. 13OFFICE EQUIPMENT (NY) 051093SL 5.00 2,382. 2,382. 2,382. 0. 14OFFICE EQUIPMENT (NY) 100193SL 5.00 2,454. 2,454. 2,454. 0. 15COMPUTER EQUIPMENT (NY) 110193SL 5.00 31,034.17,500. 13,534. 13,534. 0. 23OFFICE EQUIPMENT (NY) 070195SL 5.00 55,855. 55,855. 55,855. 0. 28OFFICE EQUIPMENT (NY) 070196SL 5.00 45,326. 45,326. 45,326. 0. 42OFFICE EQUIPMENT (NY) 070198SL 5.00 126,474. 126,474. 126,474. 0. 5000MPUTER EQUIPMENT (NY) 070199SL 5.00 202,098. 202,098. 202,098. 0. 53COMPUTER EQUIPMENT (NY) 070197SL 5.00 38,206. 38,206. 38,206. 0. 55COMPUTER -96 RETIRED 070196SL 5.00 -19,757. -19,757. -19,757. 0. 56COMPUTER EQUIPMENT (NY) 070100SL 5.00 174,341. 174,341. 174,341. 0. 61OFFICE EQUIPMENT (NY) 010101SL 5.00 2,014. 2,014. 0. 62OFFICE EQUIPMENT (NY) 010101SL 5.00 1,959. 1,959. 0. 71COMPUTER EQUIPMENT (NY) 041003SL 5.00 41,698.41,698. 0. 72COMPUTER EQUIPMENT (NY) 041003SL 5.00 20,169.20,169. 0. 73COMPUTER EQUIPMENT (NY) 042403SL 5.00 3,372. 3,372. 0. 74COMPUTER EQUIPMENT (NY) 052303SL 5.00 4,443. 4,443. 0. 75COMPUTER EQUIPMENT (NY) 061703SL 5.00 6,582. 6,582. 0. 76COMPUTER EQUIPMENT (NY) 072203SL 5.00 5,359. 5,359. 0. 77COMPUTER EQUIPMENT (NY) 080603SL 5.00 19,961.19,961. 0. 78OFFICE EQUIPMENT (NY) 082203SL 5.00 8,045. 4,023. 4,022. 4,022. 0. 103COMPUTER EQUIPMENT (NY) 040103SL 5.00 46,500.13,950. 32,550. 32,550. 0. 104OFFICE EQUIPMENT (NY) 010504SL 5.00 10,835.10,835. 0. 1200FFICE EQUIPMENT (NY) 020705SL 5.00 6,714. 6,714. 0. 12 FFICE EQUIPMENT (NY) 020505SL 5.00 2,496. 2,496. 0. 12ZDFFICE EQUIPMENT (NY) 021505SL 5.00 2,086. 2,086. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806220 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC ASe.41 Date Unadjusted ElasitiFOr Basis Accumulated Amount DI Description Mowed Method We CostOrBasis ReduclionM Depreciation Depreciation Basis 123OFFICE EQUIPMENT (NY) 110105SL 5.00 13,164.13,164. 0. 128OFFICE EQUIPMENT (NY) 021606SL 5.00 9,755. 9,755. 0. 135OFFICE EQUIPMENT (NY) 051507SL 5.00 39,598.39,598. 0. 130OFFICE EQUIPMENT (NY) 112007SL 5.00 19,628.19,628. 0. 143OFFICE EQUIPMENT (NY) 031808SL 5.00 8,967. 8,967. 0. 144OFFICE EQUIPMENT (NY) 050708SL 5.00 16,400.16,400. 0. 145OFFICE EQUIPMENT (NY) 070208SL 5.00 11,364.11,364. 0. 150OFFICE EQUIPMENT (NY) 053111SL 5.00 4,382. 4,382. 0. 161OFFICE EQUIPMENT (NY) 022212SL 5.00 6,075. 6,075. 0. 162OFFICE EQUIPMENT (NY) 062212SL 5.00 3,325. 3,325. 0. 163OFFICE EQUIPMENT (NY) 080513SL 5.00 11,001.11,001. 0. 172OFFICE EQUIPMENT (NY) 032814SL 5.00 22,211.22,211. 0. * OTHER TOTAL MACHINERY AND EQUIP 1,102,661. 335,566. 767,115. 767,115. 0. * OTHER TOTAL - 1,110,431. 343,316. 767,115. 767,115. 0. 106MAINTENANCE (FL) 022504SL 3.00 2,500. 2,500. 0. 192OFFICE EQUIP-FL 080603200DB5.00 2,098. 1,049. 1,049. 1,049. 0. * OTHER TOTAL OTHER 4,598. 3,549. 1,049. 1,049. 0. MACHINERY & EQUIPMENT LOFFICE EQUIPMENT (FL) 083191SL 5.00 12,526. 12,526. 12,526. 0. 16OFFICE EQUIPMENT (USED CAR (FL)) 060193SL 5.00 2,500. 2,500. 2,500. 0. 29OFFICE EQUIPMENT (FL) 070196SL 5.00 10,695. 10,695. 10,695. 0. 43OFFICE EQUIPMENT (FL) 070198SL 5.00 77,109. 77,109. 77,109. 0. 51COMPUTER EQUIPMENT (FL) 070199SL 5.00 45,399. 45,399. 45,399. 0. 54COMPUTER EQUIPMENT (FL) 070197SL 5.00 12,929. 12,929. 12,929. 0. 57COMPUTER EQUIPMENT (FL) 070100SL 5.00 66,827. 66,827. 66,827. 0. 63OFFICE EQUIPMENT (FL) 010101SL 5.00 4,899. 4,899. 0. 64-OFFICE EQUIPMENT (FL) 010101SL 5.00 4,244. 4,244. 0. 79OFFICE EQUIPMENT (FL) 040903SL 5.00 11,449. 3,435. 8,014. 8,014. 0. 80OFFICE EQUIPMENT (FL) 040903SL 5.00 5,563. 1,669. 3,894. 3,894. 0. 81OFFICE EQUIPMENT (FL) 040903SL 5.00 15,000. 4,500. 10,500. 10,500. 0. 82OFFICE EQUIPMENT (FL) 060303SL 5.00 4,088. 2,044. 2,044. 2,044. 0. 83OFFICE EQUIPMENT (FL) 063003SL 5.00 1,880. 940. 940. 940. 0. 86OFFICE EQUIPMENT (FL) 080603SL 5.00 2,187. 1,093. 1,094. 1,094. 0. 831OFFICE EQUIPMENT (FL) 100203SL 5.00 1,639. 819. 820. 820. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806221 2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR STATE — NEXT MANAGEMENT LLC ANI Date Unadjusted Basis For Accumulated Amount DI Description Accitmed Method Life CostOrBasis ReductionM Depreciatim Depreciation Depreciation Basis 86OFFICE EQUIPMENT (FL) 111803SL 5.00 3,355. 1,678. 1,677. 1,677. 0. 87OFFICE EQUIPMENT (FL) 123103SL 5.00 3,596. 1,798. 1,798. 1,798. 0. 114OFFICE EQUIPMENT (FL) 020705SL 5.00 2,110. 2,110. 0. 129OFFICE EQUIPMENT (FL) 020906SL 5.00 5,550. 5,550. 0. 137OFFICE EQUIPMENT (FL) 051507SL 5.00 11,175.11,175. 0. 13&OFFICE EQUIPMENT (FL) 112007SL 5.00 5,328. 5,328. 0. 146OFFICE EQUIPMENT (FL) 012308SL 5.00 12,116.12,116. 0. 193COMPUTER EQUIPMENT(FL) 103191SL 5.00 1,225. 1,225. 1,225. 0. * OTHER TOTAL MACHINERY AND EQUIP 323,389.63,398. 259,991. 259,991. 0. * OTHER TOTAL - 327,987.66,947. 261,040. 261,040. 0. MACHINERY & EQUIPMENT 52COMPUTER EQUIPMENT (CA) 070199SL 5.00 69,509. 69,509. 69,509. 0. 58COMPUTER EQUIPMENT (CA) 070100SL 5.00 66,027. 66,027. 66,027. 0. 65OFFICE EQUIPMENT (CA) 010101SL 5.00 1,161. 1,161. 0. 66OFFICE EQUIPMENT (CA) 010101SL 5.00 1,546. 1,546. 0. 67OFFICE EQUIPMENT (CA) 010101SL 5.00 1,132. 1,132. 0. 68OFFICE EQUIPMENT (CA) 010101SL 5.00 2,273. 2,273. 0. 69OFFICE EQUIPMENT (CA) 071502SL 5.00 4,569. 4,569. 0. 88OFFICE EQUIPMENT (CA) 040903SL 5.00 17,211. 5,163. 12,048. 12,048. 0. 89OFFICE EQUIPMENT (CA) 041603SL 5.00 15,000. 4,500. 10,500. 10,500. 0. 90OFFICE EQUIPMENT (CA) 063003SL 5.00 6,016. 3,008. 3,008. 3,008. 0. 91OFFICE EQUIPMENT (CA) 123103SL 5.00 2,420. 1,210. 1,210. 1,210. 0. 107OFFICE EQUIPMENT (CA) 092904SL 5.00 8,646. 8,646. 0. 113OFFICE EQUIPMENT (CA) 010104SL 5.00 2,500. 2,500. 0. 115OFFICE EQUIPMENT (CA) 031605SL 5.00 1,984. 1,984. 0. 139OFFICE EQUIPMENT (CA) 051507SL 5.00 8,293. 8,293. 0. 140OFFICE EQUIPMENT (CA) 112007SL 5.00 3,084. 3,084. 0. 147OFFICE EQUIPMENT (CA) 012308SL 5.00 14,069.14,069. 0. 157OFFICE EQUIPMENT (CA) 111411SL 5.00 13,425.13,425. 0. 180OFFICE EQUIPMENT (CA) 123115200DB5.00 35,905.35,905. 0. 195OFFICE EQUIPMENT (CA) 042616200DB5.00 4,927. 4,927. 0. * OTHER TOTAL MACHINERY AND EQUIP 279,697. 117,395. 162,302. 162,302. 0. * OTHER TOTAL - 279,697. 117.395. 162,302. 162,302. 0. AUILDINGS (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806222 2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR STATE — NEXT MANAGEMENT LLC A.Sol Date Unadjusted Basis For Accumulated Amount Of bk, Description Acquired Method Life Cost Or Basis Reduction In Depreciatm Depreciation Depreciation Basis 6LEASEHOLD IMPROVEMENT (NY) 010489SL 5.00 25,209. 25,209. 25,209. 0. 9LEASEHOLD IMPROVEMENT (NY) 070190SL 31.00 33,158. 33,158. 33,158. 0. 1TLEASEHOLD IMPROVEMENT (NY) 022894SL 39.00 8,179. 8,179. 4,594. 210. 18LEASEHOLD IMPROVEMENT (NY) 043094SL 39.00 2,319. 2,319. 1,281. 59. 19/LEASEHOLD IMPROVEMENT (NY) 073194SL 39.00 10,964. 10,964. 6,030. 281. 20CEASEHOLD IMPROVEMENT (NY) 083194SL 39.00 32,074. 32,074. 17,571. 822. 21LEASEHOLD IMPROVEMENT (NY) 103094SL 39.00 11,325. 11,325. 6,151. 290. 22LEASEHOLD IMPROVEMENT (NY) 113094SL 39.00 12,425. 12,425. 6,739. 319. 24LEASEHOLD IMPROVEMENT (NY) 070195SL 39.00 12,155. 12,155. 6,729. 312. 30C,EASEHOLD IMPROVEMENT (NY) 070196SL 39.00 54,075. 54,075. 28,356. 1,386. 34LEASEHOLD IMPROVEMENT (NY) 070197SL 39.00 55,400. 55,400. 27,632. 1,420. 37LEASEHOLD IMPROVEMENT (NY) 112298SL 39.00 11,700. 11,700. 5,438. 300. 4TLEASEHOLD IMPROVEMENT (NY) 070199SL 39.00 112,785. 112,785. 50,491. 2,892. 59LEASEHOLD IMPROVEMENT (NY) 070100SL 39.00 37,330. 37,330. 15,751. 957. 92LEASEHOLD IMPROVEMENT (NY) 062203SL 39.00 103,492.51,746. 51,746. 17,970. 1,327. 93LEASEHOLD IMPROVEMENT (NY) 072403SL 39.00 26,080.13,040. 13,040. 4,495. 334. 94LEASEHOLD IMPROVEMENT (NY) 081203SL 39.00 17,758. 8,879. 8,879. 3,050. 228. 95LEASEHOLD IMPROVEMENT (NY) 091803SL 39.00 128,435.64,218. 64,217. 21,892. 1,647. 96LEASEHOLD IMPROVEMENT (NY) 102803SL 39.00 16,767. 8,384. 8,383. 2,840. 215. 97LEASEHOLD IMPROVEMENT (NY) 111903SL 39.00 41,981.20,991. 20,990. 7,061. 538. 108LEASEHOLD IMPROVEMENT (NY) 011604SL 39.00 5,649. 2,825. 2,824. 933. 72. 109LEASEHOLD IMPROVEMENT (NY) 021704SL 39.00 7,686. 3,843. 3,843. 1,274. 99. 1101LEASEHOLD IMPROVEMENT (NY) 123104150DB15.00 25,000.12,500. 12,500. 10,326. 738. 130CEASEHOLD IMPROVEMENT (NY) 022106150DBE5.00 10,485. 10,485. 7,700. 619. 131LEASEHOLD IMPROVEMENT (NY) 030306150DB15.00 21,461. 21,461. 15,757. 1,266. 148LEASEHOLD IMPROVEMENT (NY) 021208150DBE5.00 11,736. 5,868. 5,868. 3,426. 346. 149LEASEHOLD IMPROVEMENT (NY) 121908150DB15.00 16,000. 8,000. 8,000. 4,276. 472. 151LEASEHOLD IMPROVEMENT (NY) 070110150DBE5.00 75,753.75,753. 0. 155LEASEHOLD IMPROVEMENT (NY) 111411150DB15.00 11,227.11,227. 0. 158LEASEHOLD IMPROVEMENT (NY) 050412150DBE5.00 4,167. 4,167. 0. 159LEASEHOLD IMPROVEMENT (NY) 111012150DB15.00 14,059.14,059. 0. 164LEASEHOLD IMPROVEMENT (NY) 091913150DBE5.00 131,030. 131,030, 0. 165LEASEHOLD IMPROVEMENT (NY) 121713150DB15.00 9,633. 9,633. 0. 166LEASEHOLD IMPROVEMENT (NY) 123113150DBE5.00 100,954. 100,954. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806223 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC Afe.ol Date Unadjusted Bass For Accumulated Amount 01 DescriMio Mound Method 1-04 0CIM Or Basis 110010000 In DorMAN Depreciation Depreciation 154M 171LEASEHOLD IMPROVEMENT (NY) 022714150DB15.00 12,760.12,760. 0. 174LEASEHOLD IMPROVEMENT (NY) 060414150DB0.5.00 156,004. 156,004. 0. 181LEASEHOLD IMPROVEMENT (NY) 080515150DB15.00 63,396.63,396. 0. * OTHER TOTAL BUILDINGS 1,430,611. 779,277, 651,334. 336,130. 17,149. * OTHER TOTAL - 1,430,611. 779,277. 651,334. 336,130. 17,149. BUILDINGS 3aLEASEHOLD IMPROVEMENT (FL) 082898SL 39.00 29,553. 29,553. 13,929. 758. 167LEASEHOLD IMPROVEMENT (FL) 092613150DBI5.00 13,994.13,994. 0. 182LEASEHOLD IMPROVEMENT (FL) 092515150DB15.00 25,179.25,179. 0. * OTHER TOTAL BUILDINGS 68,726.39,173. 29,553. 13,929. 758. * OTHER TOTAL - 68,726.39,173. 29,553. 13,929. 758. 196LEASEHOLD IMPROVEMENT (CA) 010516150DBI5.00 11,130.11,130. 0. 197LEASEHOLD IMPROVEMENT (CA) 032316150DB15.00 25,305.25,305. 0. 198LEASEHOLD IMPROVEMENT (CA) 061416150DBE5.00 10,561.10,561. 0. * OTHER TOTAL OTHER 46,996.46,996. 0. 0. 0. BUILDINGS 25LEASEHOLD IMPROVEMENT (CA) 070195SL 39.00 11,498. 11,498. 6,362. 295. 116LEASEHOLD IMPROVEMENT (CA) 022405150DB0.5.00 6,000. 6,000. 4,761. 355. 117LEASEHOLD IMPROVEMENT (CA) 032105150DB15.00 800. 800. 633. 47. 160CEASEHOLD IMPROVEMENT (CA) 091612150DBI5.00 5,285. 5,285. 0. 168LEASEHOLD IMPROVEMENT (CA) 083113150DB15.00 21,300.21,300. 0. 181LEASEHOLD IMPROVEMENT (CA) 062615150DBE5.00 44,230.44,230. 0. * OTHER TOTAL BUILDINGS 89,113.70,815. 18,298. 11,756. 697. * OTHER TOTAL - 136,109. 117,811• 18,298. 11,756. 697. FURNITURE & FIXTURES IFURNITURE & FIXTURES (NY) 053191SL 7.00 4,775. 4,775. 4,775. 0. 7FURNITURE & FIXTURES (NY) 010489SL 5.00 26,013. 26,013. 26,013. 0. 10IFURNITURE & FIXTURES (NY) 070190SL 7.00 4,541. 3,465. 1,076. 1,076. 0. 26FURNITURE & FIXTURES (NY) 070195SL 7.00 31,451. 31,451. 31,451. 0. 31FURNITURE & FIXTURES (NY) 070196SL 7.00 35,874.17,500. 18,374. 18,374. 0. 35FURNITURE & FIXTURES (NY) 070197SL 7.00 8,872. 8,872. 0. 39FURNITURE & FIXTURES (NY) 070198SL 7.00 12,254. 12,254. 12,254. 0. 48FURNITURE & FIXTURES (NY) 070199SL 7.00 66,766. 66,766. 66,766. 0. 60IFURNITURE & FIXTURES (NY) 070100SL 7.00 39,506. 39,506. 39,506. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806224 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC Afe.al Date Unadjusted Dae]tiFOr Basis Accumulated Amount 01 Description Ammed Method Life CostOrBasis ReduclionM Depreciation Depreciation Basis 70/FURNITURE & FIXTURES (NY) 043002SL 7.00 12,000.12,000. 0. 982URNITURE & FIXTURES (NY) 112503SL 7.00 3,598. 1,799. 1,799. 1,799. 0. 99/FURNITURE & FIXTURES (NY) 120403SL 7.00 28,027.14,014. 14,013. 14,013. 0. 100IFURNITURE & FIXTURES (NY) 080803SL 7.00 48,543.24,272. 24,271. 24,271. 0. 101FURNITURE & FIXTURES (NY) 092603SL 7.00 3,874. 1,937. 1,937. 1,937. 0. 102FURNITURE & FIXTURES (NY) 120803SL 7.00 7,275. 3,638. 3,637. 3,637. 0. 111FURNITURE & FIXTURES (NY) 112304SL 7.00 6,001. 6,001. 0. 112FURNITURE & FIXTURES (NY) 013004SL 7.00 165. 165. 0. 124FURNITURE & FIXTURES (NY) 012005SL 7.00 6,215. 6,215. 0. 125FURNITURE & FIXTURES (NY) 031105SL 7.00 111. 111. 0. 126FURNITURE & FIXTURES (NY) 061705SL 7.00 8,440. 8,440. 0. 127TURNITURE & FIXTURES (NY) 071405SL 7.00 936. 936. 0. 134FURNITURE & FIXTURES (NY) 031406SL 7.00 4,664. 4,664. 0. 141FURNITURE & FIXTURES (NY) 021407SL 7.00 4,881. 4,881. 0. 142FURNITURE & FIXTURES (NY) 051507SL 7.00 6,610. 6,610. 0. 150IFURNITURE & FIXTURES (NY) 050708SL 7.00 3,542. 3,542. 0. 151FURNITURE & FIXTURES (NY) 122608SL 7.00 4,400. 4,400. 0. 152FURNITURE & FIXTURES (NY) 012309SL 7.00 4,400. 4,400. 0. 154FURNITURE & FIXTURES (NY) 011410SL 5.00 1,214. 1,214. 0. 169FURNITURE & FIXTURES (NY) 080813SL 7.00 39,929.39,929. 0. 170'FURNITURE & FIXTURES (NY) 123113SL 7.00 11,688.11,688. 0. 175FURNITURE & FIXTURES (NY) 011014SL 7.00 23,085.23,085. 0. 176FURNITURE & FIXTURES (NY) 021414SL 7.00 41,566.41,566. 0. 177TURNITURE & FIXTURES (NY) 050714SL 7.00 17,813.17,813. 0. 185FURNITURE & FIXTURES (NY) 070115200DB'7.00 8,706. 8,706. 0. * OTHER TOTAL FURNITURE AND FIXTURES 527,735. 281.863. 245,872. 245,872. 0. * OTHER TOTAL - 527,735. 281.863. 245,872. 245,872. 0. FURNITURE & FIXTURES 32FURNITURE & FIXTURES (FL) 070196SL 7.00 16,528. 16,528. 16,528. 0. 36FURNITURE & FIXTURES (FL) 070197SL 7.00 1,952. 1,952. 0. 40/FURNITURE & FIXTURES (FL) 070198SL 7.00 21,639. 21,639. 21,639. 0. 49FURNITURE & FIXTURES (FL) 070199SL 7.00 1,953. 1,953. 1,953. 0. 132FURNITURE & FIXTURES (FL) 051506SL 7.00 2,789. 2,789. 0. 133FURNITURE & FIXTURES (FL) 072006SL 7.00 2,999. 2,999. 0. (D) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806225 2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR STATE — NEXT MANAGEMENT LLC Assai Date Unadjusted Basis For Accumulated AmouMOI Description Acquired Method Life CostOrBasis Reductionln Depreciatm Depreciation Depreciation Basis 171FURNITURE & FIXTURES (FL) 012913SL 7.00 2,825. 2,825. 0. 178FURNITURE & FIXTURES (FL) 071014SL 7.00 7,196. 7,196. 0. 184FURNITURE & FIXTURES (FL) 101215200DB'7.00 3,778. 3,778. 0. 194FURNITURE & FIXTURES (FL) 060191SL 7.00 16,047. 16,047. 16,047. 0. * OTHER TOTAL FURNITURE AND FIXTURES 77,706.21,539. 56,167. 56,167. 0. * OTHER TOTAL - 77,706.21,539. 56,167. 56,167. 0. FURNITURE & FIXTURES 27FURNITURE & FIXTURES (CA) 070195SL 7.00 16,832. 16,832. 16,832. 0. 33FURNITURE & FIXTURES 070196SL 7.00 6,256. 6,256. 6,256. 0. 41FURNITURE & FIXTURES (CA) 070198SL 7.00 13,092. 13,092. 13,092. 0. 11&FURNITURE & FIXTURES (CA) 031605SL 7.00 6,191. 6,191. 0. 119FURNITURE & FIXTURES (CA) 042905SL 7.00 7,975. 7,975. 0. * OTHER TOTAL FURNITURE AND FIXTURES 50,346.14,166. 36,180. 36,180. 0. * OTHER TOTAL - 50,346.14,166. 36,180. 36,180. 0. MACHINERY & EQUIPMENT 179SOFTWARE (NY) 012215SL 3.00 155,603.77,802. 77,801. 49,707. 25,934. * OTHER TOTAL MACHINERY AND EQUIP 155,603.77,802. 77,801. 49,707. 25,934. * OTHER TOTAL - 155,603.77,802. 77,801. 49,707. 25,934. 187ORGANIZATION COSTS 010489709 60M 26,951. 26,951. 26,951. 0. 188START-UP COSTS 071692195 60M 26,000. 26,000. 26,000. 0. 189START-UP COSTS 070192195 60M 25,000. 25,000. 25,000. 0. 19OCOVENANT NOT TO COMPETE 103110197 180M 3,000,000. 3,000,000. 1,233,333. 200,000. 191ORGANIZATION COSTS 061515709 180M 15,790. 15,790. 1,667. 1,053. * OTHER TOTAL OTHER 3,093,741. 0. 3,093,741. 1,312,951. 201,053. BUILDINGS 186LEASEHOLD IMPROVEMENT (MET) 070115150DB15.00 10,000.10,000. 0. 199LEASEHOLD IMPROVEMENT (MET) 052816150DB15.00 12,600.12,600. 0. * OTHER TOTAL BUILDINGS 22,600.22,600. 0. 0. 0. * OTHER TOTAL - 3,116,341.22 , 600. 3,093,741. 1,312,951. 201,053. * GRAND TOTAL OTHER DEPR AND AMORT 7,281,292. 1,881,889. 5,399,403. 3,253,149. 245,591. TOTALS FOR NEW YORK 7,281,292. 1,881,889. 5,399,403. 3,253,149. 245,591. 105MAINTENANCE (NY) 022504SL 3.00 7,750. 7,750. 0. * OTHER TOTAL OTHER 7,750. 7,750. 0. 0. 0. MACHINERY & EQUIPMENT (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806226 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXTYEARSTATE- NEXTMANAGEMENTLLC Ace.al Date Unadjusted Basis For Accumulated Amount DI Description Accgma Method Ule CostOrBasis ReductionM Deprecaon Depreciation Depreciation Basis 2COMPUTER 4OFFICE EQUIPMENT(NY) EQUIPMENT(NY) 103191SL 5.00 010489SL 5.00 16,816. 12,215. 16,816. 16,816. 12,215. 12,215. 0. 0. 5COMPUTER &OFFICE EQUIPMENT(NY) QUIPMENT(NY) 010489SL 070190SL 5.00 5.00 47,819. 6,535.6,535. 47,819. 47,819. 0. 0. 11COMPUTER 12PRINTER EQUIPMENT(NY) (NY) 013192SL 022693SL 5.00 8,539. 5.00 4,241. 8,539. 8,539. 4,241. 4,241. 0. 0. 14OFFICEEQUIPMENT QUIPMENT 13OFFICE (NY) (NY) 051093SL 100193SL 5.00 5.00 2,382. 2,454. 2,382. 2,454. 2,382. 2,454. 0. 0. 15COMPUTEREQUIPMENT 23OFFICEEQUIPMENT (NY) QUIPMENT(NY) 110193SL 5.00 070195SL 5.00 55,855. 31,034.17,500.13,534. 55,855. 13,534. 55,855. 0. 0. 42OFFICE QUIPMENT 28OFFICE (NY) (NY) 070196SL 070198SL 5.00 5.00 45,326. 126,474. 45,326. 126,474. 45,326. 126,474. 0. 0. SOCOMPUTER 53COMPUTEREQUIPMENT EQUIPMENT(NY) (NY) 070199SL 070197SL 5.00 202,098. 5.00 38,206. 202,098. 38,206.202,098. 38,206. 0. 0. 55COMPUTER-96 594COMPUTER RETIRED EQUIPMENT(NY) 070196SL 070100SL 5.00 5.00 -19,757. 174,341. -19,757.-19,757. 174,341.174,341. 0. 0. 6LOFFICE 62OFFICE QUIPMENT QUIPMENT(NY) (NY) 010101SL 010101SL 5.00 5.00 2,014.2,014. 1,959.1,959. 0. 0. 71COMPUTER 72COMPUTEREQUIPMENT EQUIPMENT(NY) (NY) 041003SL 041003SL 5.00 5.00 41,698.41,698. 20,169.20,169. 0. 0. 73COMPUTER 74COMPUTEREQUIPMENT EQUIPMENT(NY) (NY) 042403SL 052303SL 5.00 5.00 3,372.4,443. 4,443.3,372. 0. 0. 75COMPUTER 79COMPUTEREQUIPMENT EQUIPMENT(NY) (NY) 061703SL 072203SL 5.00 6,582. 5.00 5,359.6,582. 5,359. 0. 0. 77COMPUTER 78OFFICE EQUIPMENT QUIPMENT (NY) (NY) 080603SL 082203SL 5.00 5.00 19,961.19,961. 8,045.4,023. 32,550. 4,022. 32,550. 4,022. 0. 0. 103COMPUTEREQUIPMENT 104OFFICEEQUIPMENT QUIPMENT (NY) (NY) 040103SL 010504SL 5.00 5.00 46,500.13,950. 10,835.10,835. 0. 0. QUIPMENT(NY) 12LOFFICEEQUIPMENT 'al-OFFICE (NY) 020705SL 020505SL 5.00 5.00 6,714. 2,496.6,714. 2,496. 0. 0. QUIPMENT(NY) 123OFFICEEQUIPMENT 122OFFICE (NY) 021505SL 110105SL 5.00 5.00 2,086.2,086. 13,164.13,164. 0. 0. 13DFFICEEQUIPMENT(NY) 12 FFICE (NY) 021606SL 5.00 39,598.39,598. 051507SL 5.00 9,755.9,755. 0. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806227 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXTYEARSTATE- NEXTMANAGEMENTLLC ASS41 Date Unadjusted Basis For Accumulated Amount 01 Description Mcgmed Method Life CoM0rBasis ReduclionM Depreciatim Depreciation Depreciation Basis 143OFFICEEQUIPMENT 136OFFICE QUIPMENT EQUIPMENT (NY) (NY) (NY) 112007SL 5.00 031808SL 050708SL 5.00 19,628.19,628. 5.00 8,967.8,967. 16,400.16,400. 0. 0. 0. 145OFFICEEQUIPMENT 144OFFICE QUIPMENT(NY) (NY) 070208SL 053111SL 5.00 5.00 11,364.11,364. 4,382.6,075. 4,382. 0. 0. 16LOFFICEEQUIPMENT 156OFFICE QUIPMENT(NY) 022212SL 5.00 6,075. 0. QUIPMENT(NY) 163OFFICEEQUIPMENT 162OFFICE (NY) 062212SL 080513SL 5.00 11,001.11,001. 5.00 3,325.3,325. (NY) AND EQUIP 032814SL 5.00 22,211.22,211. 0. 0. 0. ** OTHER 172OFFICE OTHER TOTAL TOTAL MACHINERY 1,102,681.22,211. 767,115. IA0,431.22,211. 767,115. 1 767,115. 767,115. 0. 0. 100MAINTENANCE (FL) - 022504SL 3.00 2,500.2,500. 0. OTHEREQUIP *MACHINERY 192OFFICE -FLOTHER TOTAL & EQUIPMENT 080603200DB5.00 4,598. 2,098.1,049. 1,049. 1,049. 1,049. 1,049. 1,049. 0. 0. LOFFICEEQUIPMENT EQUIPMENT (FL) (USED CAR (FL)) 083191SL 060193SL 5.00 5.00 12,526. 2,500. 12,526. 2,500. 12,526. 2,500. 0. 0. 29OFFICEEQUIPMENT 16OFFICE QUIPMENT(FL) (FL) 070196SL 070198SL 5.00 10,695. 5.00 45,399. 77,109. 10,695. 77,109. 10,695. 77,109. 0. 0. 51COMPUTER 43OFFICE 54COMPUTER EQUIPMENT (FL) EQUIPMENT(FL) 070199SL 070197SL 5.00 5.00 66,827. 12,929. 45,399. 45,399. 12,929. 66,827. 12,929. 0. 0. 57COMPUTER EQUIPMENT (FL) 070100SL 5.00 66,827. 0. 64OFFICEEQUIPMENT 63OFFICE QUIPMENT EQUIPMENT (FL) (FL) (FL) 010101SL 010101SL 040903SL 5.00 4,899. 5.00 4,244. 5.00 11,449. 4,899. 4,244. 3,435. 8,014. 8,014. 0. 0. 0. 80OFFICE 79OFFICE 8LOFFICE QUIPMENT QUIPMENT (FL) (FL) 040903SL 040903SL 5.00 5.00 5,563. 15,000.1,669. 4,500. 3,894. 10,500. 3,894. 10,500. 0. 0. 82OFFICEEQUIPMENT QUIPMENT(FL) (FL) 060303SL 063003SL 5.00 5.00 4,088. 1,880.2,044. 940. 2,044. 940. 2,044. 940. 0. 0. 84OFFICEEQUIPMENT 83OFFICE QUIPMENT(FL) 080603SL 5.00 2,187.1,093. 1,094. 1,094. 0. QUIPMENT(FL) 86OFFICEEQUIPMENT 85OFFICE (FL) 100203SL 5.00 111803SL 5.00 1,639. 3,355. 819. 1,677. 1,678. 820. 1,677. 820. 0. 0. 11DFFICEEQUIPMENT(FL) 8 FFICE (FL) 123103SL 5.00 020705SL 5.00 2,110. 3,596.1,798. 2,110. 1,798. 1,798. 0. 0. (D) As et disposed • ITC. Section 179. Salvage. FIR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806228 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC Ace1 Date Unadjusted Basis For Accumulated Amount Of Description Mewed Method We CostOrBasis Redudonln Depreciation Depreciation Depreciation Basis 12 FFICE EQUIPMENT (FL) 020906SL 5.00 5,550. 5,550. 0. 13 FFICE EQUIPMENT (FL) 051507SL 5.00 11,175.11,175. 0. 13 FFICE EQUIPMENT (FL) 112007SL 5.00 5,328. 5,328. 0. 14 FFICE EQUIPMENT (FL) 012308SL 5.00 12,116.12,116. 0. 19 OMPUTER EQUIPMENT(FL) 103191SL 5.00 1,225. 1,225. 1,225. 0. * OTHER TOTAL MACHINERY AND EQUIP 323,389. 0. 259,991. 259,991. 0. * OTHER TOTAL - 327,987. 0. 261,040. 261,040. 0. CHINERY & EQUIPMENT 5 OMPUTER EQUIPMENT (CA) 070199SL 5.00 69,509. 69,509. 69,509. 0. 5 OMPUTER EQUIPMENT (CA) 070100SL 5.00 66,027. 66,027. 66,027. 0. 6 FFICE EQUIPMENT (CA) 010101SL 5.00 1,161. 1,161. 0. 6 FFICE EQUIPMENT (CA) 010101SL 5.00 1,546. 1,546. 0. 6 FFICE EQUIPMENT (CA) 010101SL 5.00 1,132. 1,132. 0. 6 FFICE EQUIPMENT (CA) 010101SL 5.00 2,273. 2,273. 0. 6 FFICE EQUIPMENT (CA) 071502SL 5.00 4,569. 4,569. 0. 8 FFICE EQUIPMENT (CA) 040903SL 5.00 17,211. 5,163. 12,048. 12,048. 0. 8 FFICE EQUIPMENT (CA) 041603SL 5.00 15,000. 4,500. 10,500. 10,500. 0. 9 FFICE EQUIPMENT (CA) 063003SL 5.00 6,016. 3,008. 3,008. 3,008. 0. 9 FFICE EQUIPMENT (CA) 123103SL 5.00 2,420. 1,210. 1,210. 1,210. 0. 10 FFICE EQUIPMENT (CA) 092904SL 5.00 8,646. 8,646. 0. 11 FFICE EQUIPMENT (CA) 010104SL 5.00 2,500. 2,500. 0. 11 FFICE EQUIPMENT (CA) 031605SL 5.00 1,984. 1,984. 0. 13 FFICE EQUIPMENT (CA) 051507SL 5.00 8,293. 8,293. 0. 14 FFICE EQUIPMENT (CA) 112007SL 5.00 3,084. 3,084. 0. 14 FFICE EQUIPMENT (CA) 012308SL 5.00 14,069.14,069. 0. 15 FFICE EQUIPMENT (CA) 111411SL 5.00 13,425.13,425. 0. 18 FFICE EQUIPMENT (CA) 123115200DB5.00 35,905.35,905. 0. 19 FFICE EQUIPMENT (CA) 042616200DB5.00 4,927. 4,927. 0. * OTHER TOTAL MACHINERY AND EQUIP 279,697. 4,927. 162,302. 162,302. 0. * OTHER TOTAL - 279,697. 4,927. 162,302. 162,302. 0. UILDINGS EASEHOLD IMPROVEMENT (NY) 010489SL 5.00 25,209. 25,209. 25,209. 0. EASEHOLD IMPROVEMENT (NY) 070190SL 31.00 33,158. 33,158. 33,158. 0. 1 EASEHOLD IMPROVEMENT (NY) 022894SL 39.00 8,179. 8,179. 4,594. 210. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806229 2O17 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC ' A.Sol Date Unadjusted Basis For Accumulated Amount Of bk, Description Acquired MeMM Life CostOrBasis Reduction In Deoreciatm Depreciation Depreciation Basis 18LEASEHOLD IMPROVEMENT (NY) 043094SL 39.00 2,319. 2,319. 1,281. 59. 19'LEASEHOLD IMPROVEMENT (NY) 073194SL 39.00 10,964. 10,964. 6,030. 281. 2aLEASEHOLD IMPROVEMENT (NY) 083194SL 39.00 32,074. 32,074. 17,571. 822. 21LEASEHOLD IMPROVEMENT (NY) 103094SL 39.00 11,325. 11,325. 6,151. 290. 22LEASEHOLD IMPROVEMENT (NY) 113094SL 39.00 12,425. 12,425. 6,739. 319. 24LEASEHOLD IMPROVEMENT (NY) 070195SL 39.00 12,155. 12,155. 6,729. 312. 30LEASEHOLD IMPROVEMENT (NY) 070196SL 39.00 54,075. 54,075. 28,356. 1,386. 34.LEASEHOLD IMPROVEMENT (NY) 070197SL 39.00 55,400. 55,400. 27,632. 1,420. 37LEASEHOLD IMPROVEMENT (NY) 112298SL 39.00 11,700. 11,700. 5,438. 300. 47LEASEHOLD IMPROVEMENT (NY) 070199SL 39.00 112,785. 112,785. 50,491. 2,892. 59/LEASEHOLD IMPROVEMENT (NY) 070100SL 39.00 37,330. 37,330. 15,751. 957. 92LEASEHOLD IMPROVEMENT (NY) 062203SL 39.00 103,492.51,746. 51,746. 17,970. 1,327. 93LEASEHOLD IMPROVEMENT (NY) 072403SL 39.00 26,080.13,040. 13,040. 4,495. 334. 94.LEASEHOLD IMPROVEMENT (NY) 081203SL 39.00 17,758. 8,879. 8,879. 3,050. 228. 95LEASEHOLD IMPROVEMENT (NY) 091803SL 39.00 128,435.64,218. 64,217. 21,892. 1,647. 96LEASEHOLD IMPROVEMENT (NY) 102803SL 39.00 16,767. 8,384. 8,383. 2,840. 215. 97LEASEHOLD IMPROVEMENT (NY) 111903SL 39.00 41,981.20,991. 20,990. 7,061. 538. 108LEASEHOLD IMPROVEMENT (NY) 011604SL 39.00 5,649. 2,825. 2,824. 933. 72. 109LEASEHOLD IMPROVEMENT (NY) 021704SL 39.00 7,686. 3,843. 3,843. 1,274. 99. 110CEASEHOLD IMPROVEMENT (NY) 123104150DBE5.00 25,000.12,500. 12,500. 10,326. 738. 1301LEASEHOLD IMPROVEMENT (NY) 022106150DB15.00 10,485. 10,485. 7,700. 619. 131LEASEHOLD IMPROVEMENT (NY) 030306150DBE5.00 21,461. 21,461. 15,757. 1,266. 148LEASEHOLD IMPROVEMENT (NY) 021208150DB15.00 11,736. 5,868. 5,868. 3,426. 346. 149LEASEHOLD IMPROVEMENT (NY) 121908150DBE5.00 16,000. 8,000. 8,000. 4,276. 472. 151LEASEHOLD IMPROVEMENT (NY) 070110150DB15.00 75,753.75,753. 0. 155LEASEHOLD IMPROVEMENT (NY) 111411150DBE5.00 11,227.11,227. 0. 15aLEASEHOLD IMPROVEMENT (NY) 050412150DB15.00 4,167. 4,167. 0. 159LEASEHOLD IMPROVEMENT (NY) 111012150DBE5.00 14,059.14,059. 0. 164LEASEHOLD IMPROVEMENT (NY) 091913150DB15.00 131,030. 131,030. 0. 165LEASEHOLD IMPROVEMENT (NY) 121713150DBI5.00 9,633. 9,633. 0. 166LEASEHOLD IMPROVEMENT (NY) 123113150DB15.00 100,954. 100,954. 0. 173LEASEHOLD IMPROVEMENT (NY) 022714150DBE5.00 12,760.12,760. 0. 174LEASEHOLD IMPROVEMENT (NY) 060414150DB15.00 156,004. 156,004. 0. 181LEASEHOLD IMPROVEMENT (NY) 080515150DBI5.00 63,396.63,396. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3O9O. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806230 2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR STATE — NEXT MANAGEMENT LLC Afe.al Date Unadjusted Bass For Accumulated Amount 01 bk, Description Accitmed Method We CostOrBasis RedoclionM Depredatim Depreciation Depreciation Basis * OTHER TOTAL BUILDINGS 1,430,611.63,396. 651,334. 336,130. 17,149. * OTHER TOTAL - 1,430,611.63,396. 651,334. 336,130. 17,149. BUILDINGS 38LEASEHOLD IMPROVEMENT (FL) 082898SL 39.00 29,553. 29,553. 13,929. 758. 167LEASEHOLD IMPROVEMENT (FL) 092613150DB15.00 13,994.13,994. 0. 182LEASEHOLD IMPROVEMENT (FL) 0925,15150DB0.5.00 25,179.25,179. 0. * OTHER TOTAL BUILDINGS 68,726.25,179. 29,553. 13,929. 758. * OTHER TOTAL - 68,726.25,179. 29,553. 13,929. 758. 196LEASEHOLD IMPROVEMENT (CA) 010516150DB15.00 11,130.11,130. 0. 197LEASEHOLD IMPROVEMENT (CA) 032316150DB0.5.00 25,305.25,305. 0. 198LEASEHOLD IMPROVEMENT (CA) 061416150DB15.00 10,561.10,561. 0. * OTHER TOTAL OTHER 46,996.10,561. 0. 0. 0. BUILDINGS 25LEASEHOLD IMPROVEMENT (CA) 070195SL 39.00 11,498. 11,498. 6,362. 295. 116LEASEHOLD IMPROVEMENT (CA) 022405150DB15.00 6,000. 6,000. 4,761. 355. 117LEASEHOLD IMPROVEMENT (CA) 032105150DB0.5.00 800. 800. 633. 47. 160/LEASEHOLD IMPROVEMENT (CA) 091612150DB15.00 5,285. 5,285. 0. 168LEASEHOLD IMPROVEMENT (CA) 083113150DB0.5.00 21,300.21,300. 0. 183LEASEHOLD IMPROVEMENT (CA) 062615150DB15.00 44,230.44,230. 0. * OTHER TOTAL BUILDINGS 89,113.44,230. 18,298. 11,756. 697. * OTHER TOTAL - 136,109.44,230. 18,298. 11,756. 697. FURNITURE & FIXTURES 3FURNITURE & FIXTURES (NY) 053191SL 7.00 4,775. 4,775. 4,775. 0. 7FURNITURE & FIXTURES (NY) 010489SL 5.00 26,013. 26,013. 26,013. 0. 10/FURNITURE & FIXTURES (NY) 070190SL 7.00 4,541. 3,465. 1,076. 1,076. 0. 26FURNITURE & FIXTURES (NY) 070195SL 7.00 31,451. 31,451. 31,451. 0. 31FURNITURE & FIXTURES (NY) 070196SL 7.00 35,874.17,500. 18,374. 18,374. 0. 35FURNITURE & FIXTURES (NY) 070197SL 7.00 8,872. 8,872. 0. 39TURNITURE & FIXTURES (NY) 070198SL 7.00 12,254. 12,254. 12,254. 0. 48FURNITURE & FIXTURES (NY) 070199SL 7.00 66,766. 66,766. 66,766. 0. 60/FURNITURE & FIXTURES (NY) 070100SL 7.00 39,506. 39,506. 39,506. 0. 70FURNITURE & FIXTURES (NY) 043002SL 7.00 12,000.12,000. 0. 98FURNITURE & FIXTURES (NY) 112503SL 7.00 3,598. 1,799. 1,799. 1,799. 0. 99TURNITURE & FIXTURES (NY) 120403SL 7.00 28,027.14,014. 14,013. 14,013. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806231 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC Ase...i Date Unadjusted Basis For Accumulated Amount Of Description Mewed Method Life CostOrBasis ReduclionM Depreciatim Depreciation Depreciation Basis 100IFURNITURE & FIXTURES (NY) 080803SL 7.00 48,543.24,272. 24,271. 24,271. 0. 101FURNITURE & FIXTURES (NY) 092603SL 7.00 3,874. 1,937. 1,937. 1,937. 0. 102FURNITURE & FIXTURES (NY) 120803SL 7.00 7,275. 3,638. 3,637. 3,637. 0. 111FURNITURE & FIXTURES (NY) 112304SL 7.00 6,001. 6,001. 0. 112FURNITURE & FIXTURES (NY) 013004SL 7.00 165. 165. 0. 124FURNITURE & FIXTURES (NY) 012005SL 7.00 6,215. 6,215. 0. 125FURNITURE & FIXTURES (NY) 031105SL 7.00 111. 111. 0. 126FURNITURE & FIXTURES (NY) 061705SL 7.00 8,440. 8,440. 0. 127FURNITURE & FIXTURES (NY) 071405SL 7.00 936. 936. 0. 134FURNITURE & FIXTURES (NY) 031406SL 7.00 4,664. 4,664. 0. 141FURNITURE & FIXTURES (NY) 021407SL 7.00 4,881. 4,881. 0. 142FURNITURE & FIXTURES (NY) 051507SL 7.00 6,610. 6,610. 0. 150/FURNITURE & FIXTURES (NY) 050708SL 7.00 3,542. 3,542. 0. 151FURNITURE & FIXTURES (NY) 122608SL 7.00 4,400. 4,400. 0. 152FURNITURE & FIXTURES (NY) 012309SL 7.00 4,400. 4,400. 0. 154FURNITURE & FIXTURES (NY) 011410SL 5.00 1,214. 1,214. 0. 169FURNITURE & FIXTURES (NY) 080813SL 7.00 39,929.39,929. 0. 170IFURNITURE & FIXTURES (NY) 123113SL 7.00 11,688.11,688. 0. 175FURNITURE & FIXTURES (NY) 011014SL 7.00 23,085.23,085. 0. 176FURNITURE & FIXTURES (NY) 021414SL 7.00 41,566.41,566. 0. 177FURNITURE & FIXTURES (NY) 050714SL 7.00 17,813.17,813. 0. 185FURNITURE & FIXTURES (NY) 070115200Dg7.00 8,706. 8,706. 0. * OTHER TOTAL FURNITURE AND FIXTURES 527,735. 8,706. 245,872. 245,872. 0. * OTHER TOTAL - 527,735. 8,706. 245,872. 245,872. 0. FURNITURE & FIXTURES 32FURNITURE & FIXTURES (FL) 070196SL 7.00 16,528. 16,528. 16,528. 0. 36FURNITURE & FIXTURES (FL) 070197SL 7.00 1,952. 1,952. 0. 40WURNITURE & FIXTURES (FL) 070198SL 7.00 21,639. 21,639. 21,639. 0. 49FURNITURE & FIXTURES (FL) 070199SL 7.00 1,953. 1,953. 1,953. 0. 132FURNITURE & FIXTURES (FL) 051506SL 7.00 2,789. 2,789. 0. 133FURNITURE & FIXTURES (FL) 072006SL 7.00 2,999. 2,999. 0. 171FURNITURE & FIXTURES (FL) 012913SL 7.00 2,825. 2,825. 0. 178FURNITURE & FIXTURES (FL) 071014SL 7.00 7,196. 7,196. 0. 184FURNITURE & FIXTURES (FL) 101215200Dg7.00 3,778. 3,778. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806232 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR STATE - NEXT MANAGEMENT LLC As.sol Date Unadjusted Basis For Accumulated Amount DI bk, Description Acquired Method Life CostOrBasis ReductionM Depreciatim Depreciation Depreciation Basis 194FURNITURE & FIXTURES (FL) 060191SL 7.00 16,047. 16,047. 16,047. 0. * OTHER TOTAL FURNITURE AND FIXTURES 77,706. 0. 56,167. 56,167. 0. * OTHER TOTAL - 77,706. 0. 56,167. 56,167. 0. FURNITURE & FIXTURES 27FURNITURE & FIXTURES (CA) 070195SL 7.00 16,832. 16,832. 16,832. 0. 33FURNITURE & FIXTURES 070196SL 7.00 6,256. 6,256. 6,256. 0. 41FURNITURE & FIXTURES (CA) 070198SL 7.00 13,092. 13,092. 13,092. 0. 118FURNITURE & FIXTURES (CA) 031605SL 7.00 6,191. 6,191. 0. 119/FURNITURE & FIXTURES (CA) 042905SL 7.00 7,975. 7,975. 0. * OTHER TOTAL FURNITURE AND FIXTURES 50,346. 7,975. 36,180. 36,180. 0. * OTHER TOTAL - 50,346. 7,975. 36,180. 36,180. 0. MACHINERY & EQUIPMENT 179SOFTWARE (NY) 012215SL 3.00 155,603.77,802. 77,801. 49,707. 25,934. * OTHER TOTAL MACHINERY AND EQUIP 155,603.77,802. 77,801. 49,707. 25,934. * OTHER TOTAL - 155,603.77,802. 77,801. 49,707. 25,934. 187ORGANIZATION COSTS 010489709 60M 26,951. 26,951. 26,951. 0. 188START-UP COSTS 071692195 60M 26,000. 26,000. 26,000. 0. 189START-UP COSTS 070192195 60M 25,000. 25,000. 25,000. 0. 19000VENANT NOT TO COMPETE 103110197 180M 3,000,000. 3,000,000. 1 233,333. 200,000. 191ORGANIZATION COSTS 061515709 180M 15,790. 15,790. 1,667. 1,053. * OTHER TOTAL OTHER 3.093.741 - 0. 3,093,741. 1,312,951. 201,053. BUILDINGS 186LEASEHOLD IMPROVEMENT (MET) 070115150DB15.00 10,000.10,000. 0. 199LEASEHOLD IMPROVEMENT (MET) 052816150DB0.5.00 12,600.12,600. 0. * OTHER TOTAL BUILDINGS 22,600.12,600. 0. 0. 0. * OTHER TOTAL - 3,116,341.12,600. 3,093,741. 1,312,951. 201,053. * GRAND TOTAL OTHER DEPR AND AMORT 7,281,292.12 , 600 . 5,399,403. 3,253,149. 245,591. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 626106 04.01.16 EFTA00806233 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC As.s4i Date Unadjusted Basis For Accumulated Amount Of '43 Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 105MAINTENANCE (NY) 022504 L 3.00 7,750. 7,750. 0. * OTHER TOTAL OTHER 7,750. 7,750. 0. 0. 0. MACHINERY & EQUIPMENT DCOMPUTER EQUIPMENT(NY) 103191 L 5.00 16,816. 16,816. 16,816. 0. 4OFFICE EQUIPMENT (NY) 010489 L 5.00 12,215. 12,215. 12,215. 0. 5COMPUTER EQUIPMENT (NY) 010489 L 5.00 47,819. 47,819. 47,819. 0. 8OFFICE EQUIPMENT(NY) 070190 L 5.00 6,535. 6,535. 0. 11COMPUTER EQUIPMENT (NY) 013192 L 5.00 8,539. 8,539. 8,539. 0. 12TRINTER (NY) 022693 L 5.00 4,241. 4,241. 4,241. 0. 13OFFICE EQUIPMENT (NY) 051093 L 5.00 2,382. 2,382. 2,382. 0. 14OFFICE EQUIPMENT (NY) 100193 L 5.00 2,454. 2,454. 2,454. 0. (0) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806234 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Af4:4i Date Unadjusted Basis For Accumulated Amount Of '43 Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 15COMPUTER EQUIPMENT (NY) 110193SL 5.00 31,034.17,500. 13,534. 13,534. 0. 23OFFICE EQUIPMENT (NY) 070195SL 5.00 55,855. 55,855. 55,855. 0. 28OFFICE EQUIPMENT (NY) 070196SL 5.00 45,326. 45,326. 45,326. 0. 42OFFICE EQUIPMENT (NY) 070198SL 5.00 126,474. 126,474. 126,474. 0. 50COMPUTER EQUIPMENT (NY) 070199SL 5.00 202,098. 202,098. 202,098. 0. 53COMPUTER EQUIPMENT (NY) 070197SL 5.00 38,206. 38,206. 38,206. 0. 55COMPUTER -96 RETIRED 070196SL 5.00 -19,757. -19,757. -19,757. 0. 56COMPUTER EQUIPMENT (NY) 070100SL 5.00 174,341. 174,341. 174,341. 0. 61OFFICE EQUIPMENT (NY) 010101SL 5.00 2,014. 2,014. 0. 62OFFICE EQUIPMENT (NY) 010101SL 5.00 1,959. 1,959. 0. 71COMPUTER EQUIPMENT (NY) 041003SL 5.00 41,698.41,698. 0. (D) As et disposed • ITC. Section 179. Salvage. FIR 3090. Commercial Revitalization Deduction. GO Zone 628103 04.01.16 EFTA00806235 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Af4:4i Date Unadjusted Basis For Accumulated Amount Of '43 Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 72/COMPUTER EQUIPMENT (NY) 041003SL 5.00 20,169.20,169. 0. 73tOMPUTER EQUIPMENT (NY) 042403SL 5.00 3,372. 3,372. 0. 74COMPUTER EQUIPMENT (NY) 052303SL 5.00 4,443. 4,443. 0. 75COMPUTER EQUIPMENT (NY) 061703SL 5.00 6,582. 6,582. 0. 76COMPUTER EQUIPMENT (NY) 072203SL 5.00 5,359. 5,359. 0. 77COMPUTER EQUIPMENT (NY) 080603SL 5.00 19,961.19,961. 0. 78OFFICE EQUIPMENT (NY) 082203SL 5.00 8,045. 4,023. 4,022. 4,022. 0. 103COMPUTER EQUIPMENT (NY) 040103SL 5.00 46,500.13,950. 32,550. 32,550. 0. 104OFFICE EQUIPMENT (NY) 010504SL 5.00 10,835.10,835. 0. 1200FFICE EQUIPMENT (NY) 020705SL 5.00 6,714. 6,714. 0. 121OFFICE EQUIPMENT (NY) 020505SL 5.00 2,496. 2,496. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806236 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC AN Date Unadjusted Basis For Accumulated Amount Of A Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 122AFFICE EQUIPMENT (NY) 021505SL 5.00 2,086. 2,086. 0. 123OFFICE EQUIPMENT (NY) 110105SL 5.00 13,164.13,164. 0. 128OFFICE EQUIPMENT (NY) 021606SL 5.00 9,755. 9,755. 0. 135OFFICE EQUIPMENT (NY) 051507SL 5.00 39,598.39,598. 0. 136OFFICE EQUIPMENT (NY) 112007SL 5.00 19,628.19,628. 0. 143OFFICE EQUIPMENT (NY) 031808SL 5.00 8,967. 8,967. 0. 144OFFICE EQUIPMENT (NY) 050708SL 5.00 16,400.16,400. 0. 145OFFICE EQUIPMENT (NY) 070208SL 5.00 11,364.11,364. 0. 156OFFICE EQUIPMENT (NY) 053111SL 5.00 4,382. 4,382. 0. 16LOFFICE EQUIPMENT (NY) 022212SL 5.00 6,075. 6,075. 0. 16aOFFICE EQUIPMENT (NY) 062212SL 5.00 3,325. 3,325. 0. (0) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806237 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC As.s4i Date Unadjusted Basis For Accumulated Amount 01 '43 Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 163OFFICE EQUIPMENT (NY) 080513SL 5.00 11,001.11,001. 0. 17WFFICE EQUIPMENT (NY) 032814SL 5.00 22,211.22,211. 0. * OTHER TOTAL MACHINERY & EQUIPMENT 1,102,681. 335.566. 767,115. 767,115. 0. * OTHER TOTAL - 1,110,431. 343,316. 767,115. 767,115. 0. 106MAINTENANCE (FL) 022504SL 3.00 2,500. 2,500. 0. 192OFFICE EQUIP-FL 080603200DB6.00 2,098. 1,049. 1,049. 1,049. 0. AMT DEPRECIATION 200DB5.00 ACE DEPRECIATION SL 5.00 * OTHER TOTAL OTHER 4,598. 3,549. 1,049. 1,049. 0. MACHINERY & EQUIPMENT 'OFFICE EQUIPMENT (FL) 083191SL 5.00 12,526. 12,526. 12,526. 0. 16OFFICE EQUIPMENT (USED CAR (FL)) 060193SL 5.00 2,500. 2,500. 2,500. 0. 29OFFICE EQUIPMENT (FL) 070196SL 5.00 10,695. 10,695. 10,695. 0. (0) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806238 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Af4:4i Date Unadjusted Basis For Accumulated Amount Of '43 Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 43OFFICE EQUIPMENT (FL) 070198SL 5.00 77,109. 77,109. 77,109. 0. 51COMPUTER EQUIPMENT (FL) 070199SL 5.00 45,399. 45,399. 45,399. 0. 54COMPUTER EQUIPMENT (FL) 070197SL 5.00 12,929. 12,929. 12,929. 0. 57COMPUTER EQUIPMENT (FL) 070100SL 5.00 66,827. 66,827. 66,827. 0. 63OFFICE EQUIPMENT (FL) 010101SL 5.00 4,899. 4,899. 0. 64OFFICE EQUIPMENT (FL) 010101SL 5.00 4,244. 4,244. 0. 79OFFICE EQUIPMENT (FL) 040903SL 5.00 11,449. 3,435. 8,014. 8,014. 0. 80OFFICE EQUIPMENT (FL) 040903SL 5.00 5,563. 1,669. 3,894. 3,894. 0. 81OFFICE EQUIPMENT (FL) 040903SL 5.00 15,000. 4,500. 10,500. 10,500. 0. 82OFFICE EQUIPMENT (FL) 060303SL 5.00 4,088. 2,044. 2,044. 2,044. 0. 83OFFICE EQUIPMENT (FL) 063003SL 5.00 1,880. 940. 940. 940. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628180 04.01.16 EFTA00806239 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Ac4 i Date Unadjusted Basis For Accumulated Amount 01 Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 84OFFICE EQUIPMENT (FL) 080603SL 5.00 2,187. 1,093. 1,094. 1,094. 0. 85OFFICE EQUIPMENT (FL) 100203SL 5.00 1,639. 819. 820. 820. 0. 86OFFICE EQUIPMENT (FL) 111803SL 5.00 3,355. 1,678. 1,677. 1,677. 0. 87OFFICE EQUIPMENT (FL) 123103SL 5.00 3,596. 1,798. 1,798. 1,798. 0. 114OFFICE EQUIPMENT (FL) 020705SL 5.00 2,110. 2,110. 0. 129OFFICE EQUIPMENT (FL) 020906SL 5.00 5,550. 5,550. 0. 137OFFICE EQUIPMENT (FL) 051507SL 5.00 11,175.11,175. 0. 138OFFICE EQUIPMENT (FL) 112007SL 5.00 5,328. 5,328. 0. 146OFFICE EQUIPMENT (FL) 012308SL 5.00 12,116.12,116. 0. 193COMPUTER EQUIPMENT(FL) 103191SL 5.00 1,225. 1,225. 1,225. 0. * OTHER TOTAL MACHINERY & EQUIPMENT 323,389.63,398. 259,991. 259,991. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 626106 04.01.16 EFTA00806240 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Af.s.A Date Unadjusted Basis For Accumulated Amount Of bk, Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis * OTHER TOTAL - 327,987.66,947. 261,040. 261,040. 0. MACHINERY & EQUIPMENT 52COMPUTER EQUIPMENT (CA) 070199SL 5.00 69,509. 69,509. 69,509. 0. 58COMPUTER EQUIPMENT (CA) 070100SL 5.00 66,027. 66,027. 66,027. 0. 65OFFICE EQUIPMENT (CA) 010101SL 5.00 1,161. 1,161. 0. 66OFFICE EQUIPMENT (CA) 010101SL 5.00 1,546. 1,546. 0. 67OFFICE EQUIPMENT (CA) 010101SL 5.00 1,132. 1,132. 0. 68OFFICE EQUIPMENT (CA) 010101SL 5.00 2,273. 2,273. 0. 69OFFICE EQUIPMENT (CA) 071502SL 5.00 4,569. 4,569. 0. 88OFFICE EQUIPMENT (CA) 040903SL 5.00 17,211. 5,163. 12,048. 12,048. 0. 89OFFICE EQUIPMENT (CA) 041603SL 5.00 15,000. 4,500. 10,500. 10,500. 0. (D) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806241 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC As.s4i Oat Unadjusted Basis For Accumulated Amount Of ND Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 90OFFICE EQUIPMENT (CA) 063003SL 5.00 6,016. 3,008. 3,008. 3,008. 0. 91OFFICE EQUIPMENT (CA) 123103SL 5.00 2,420. 1,210. 1,210. 1,210. 0. 107OFFICE EQUIPMENT (CA) 092904SL 5.00 8,646. 8,646. 0. 113OFFICE EQUIPMENT (CA) 010104SL 5.00 2,500. 2,500. 0. 115OFFICE EQUIPMENT (CA) 031605SL 5.00 1,984. 1,984. 0. 139OFFICE EQUIPMENT (CA) 051507SL 5.00 8,293. 8,293. 0. 140OFFICE EQUIPMENT (CA) 112007SL 5.00 3,084. 3,084. 0. 147OFFICE EQUIPMENT (CA) 012308SL 5.00 14,069.14,069. 0. 157OFFICE EQUIPMENT (CA) 111411SL 5.00 13,425.13,425. 0. 180OFFICE EQUIPMENT (CA) 123115200DB6.00 35,905.35,905. 0. AMT DEPRECIATION 150DB5.00 ACE DEPRECIATION SL 5.00 195OFFICE EQUIPMENT (CA) 042616200DB5.00 4,927. 4,927. 0. AMT DEPRECIATION 150DB5.00 ACE DEPRECIATION SL 5.00 (0) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628180 04.01.16 EFTA00806242 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC A.PSOI Date Unadjusted Basis For Accumulated Amount Of bk, Description Mewed Method We CostOrBasis RedudonM Doredatim Depreciation Depreciation Basis * OTHER TOTAL MACHINERY & EQUIPMENT 279,697. 117,395. 162,302. 162,302. 0. * OTHER TOTAL - 279,697. 117.395. 162,302. 162,302. 0. BUILDINGS GLEASEHOLD IMPROVEMENT (NY) 010489SL 5.00 25,209. 25,209. 25,209. 0. 9LEASEHOLD IMPROVEMENT (NY) 070190SL 31.00 33,158. 33,158. 33,158. 0. 17LEASEHOLD IMPROVEMENT (NY) 022894SL 39.00 8,179. 8,179. 4,594. 210. AMT DEPRECIATION SL 40.00 4,667. 204. ACE DEPRECIATION SL 40.00 4,667. 204. 18LEASEHOLD IMPROVEMENT (NY) 043094SL 39.00 2,319. 2,319. 1,281. 59. AMT DEPRECIATION SL 40.00 1,317. 58. ACE DEPRECIATION SL 40.00 1,317. 58. 19LEASEHOLD IMPROVEMENT (NY) 073194SL 39.00 10,964. 10,964. 6,030. 281. AMT DEPRECIATION SL 40.00 6,154. 274. ACE DEPRECIATION SL 40.00 6,154. 274. 20LEASEHOLD IMPROVEMENT (NY) 083194SL 39.00 32,074. 32,074. 17,571. 822. AMT DEPRECIATION SL 40.00 17,945. 802. ACE DEPRECIATION SL 40.00 17,945. 802. 21LEASEHOLD IMPROVEMENT (NY) 103094SL 39.00 11,325. 11,325. 6,151. 290. AMT DEPRECIATION SL 40.00 6,285. 283. ACE DEPRECIATION SL 40.00 6,285. 283. 22LEASEHOLD IMPROVEMENT (NY) 113094SL 39.00 12,425. 12,425. 6,739. 319. AMT DEPRECIATION SL 40.00 6,881. 311. ACE DEPRECIATION SL 40.00 6,881. 311. (0) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 626106 04.01.16 EFTA00806243 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC A.PSOI Oat Unadjusted Basis For Accumulated Amount Of bk, Description Mowed Method Life CostOrBasis ReduclionM Depredatim Depreciation Depreciation Basis 24LEASEHOLD IMPROVEMENT (NY) 070195SL 39.00 12,155. 12,155. 6,729. 312. AMT DEPRECIATION SL 40.00 6,523. 304. ACE DEPRECIATION SL 40.00 6,523. 304. 30ILEASEHOLD IMPROVEMENT (NY) 070196SL 39.00 54,075. 54,075. 28,356. 1,386. AMT DEPRECIATION SL 40.00 27,660. 1,352. ACE DEPRECIATION SL 40.00 27,660. 1,352. 34LEASEHOLD IMPROVEMENT (NY) 070197SL 39.00 55,400. 55,400. 27,632. 1,420. AMT DEPRECIATION SL 40.00 26,950. 1,385. ACE DEPRECIATION SL 40.00 26,950. 1,385. 37LEASEHOLD IMPROVEMENT (NY) 112298SL 39.00 11,700. 11,700. 5,438. 300. AMT DEPRECIATION SL 40.00 5,311. 293. ACE DEPRECIATION SL 40.00 5,311. 293. 47LEASEHOLD IMPROVEMENT (NY) 070199SL 39.00 112,785. 112,785. 50,491. 2,892. AMT DEPRECIATION SL 39.00 2,892. ACE DEPRECIATION SL 39.00 2,892. 59LEASEHOLD IMPROVEMENT (NY) 070100SL 39.00 37,330. 37,330. 15,751. 957. AMT DEPRECIATION SL 39.00 957. ACE DEPRECIATION SL 39.00 957. 92LEASEHOLD IMPROVEMENT (NY) 062203SL 39.00 103,492.51,746. 51,746. 17,970. 1,327. AMT DEPRECIATION SL 39.00 51,746. 51,746. 1,327. ACE DEPRECIATION SL 39.00 1,327. 93LEASEHOLD IMPROVEMENT (NY) 072403SL 39.00 26,080.13,040. 13,040. 4,495. 334. AMT DEPRECIATION SL 39.00 13,040. 13,040. 334. ACE DEPRECIATION SL 39.00 334. 94LEASEHOLD IMPROVEMENT (NY) 081203SL 39.00 17,758. 8,879. 8,879. 3,050. 228. AMT DEPRECIATION SL 39.00 8,879. 8,879. 228. ACE DEPRECIATION SL 39.00 228. 95LEASEHOLD IMPROVEMENT (NY) 091803SL 39.00 128,435.64,218. 64,217. 21,892. 1,647. AMT DEPRECIATION SL 39.00 64,217. 64,217. 1,647. ACE DEPRECIATION SL 39.00 1,647. 96LEASEHOLD IMPROVEMENT (NY) 102803SL 39.00 16,767. 8,384. 8,383. 2,840. 215. AMT DEPRECIATION SL 39.00 8,383. 8,383. 215. ACE DEPRECIATION SL 39.00 215. (0) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806244 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Afe.al Date Unadjusted Basis For Accumulated Amount Of bk, Description Mowed Method Life CostOrBasis ReduclionM Depreciatim Depreciation Depreciation Basis 97LEASEHOLD IMPROVEMENT (NY) 111903SL 39.00 41,981.20,991. 20,990. 7,061. 538. AMT DEPRECIATION SL 39.00 20,990. 20,990. 538. ACE DEPRECIATION SL 39.00 538. 108LEASEHOLD IMPROVEMENT (NY) 011604SL 39.00 5,649. 2,825. 2,824. 933. 72. AMT DEPRECIATION SL 39.00 2,824. 2,824. 72. ACE DEPRECIATION SL 39.00 72. 109/LEASEHOLD IMPROVEMENT (NY) 021704SL 39.00 7,686. 3,843. 3,843. 1,274. 99. AMT DEPRECIATION SL 39.00 3,843. 3,843. 99. ACE DEPRECIATION SL 39.00 99. 110L,EASEHOLD IMPROVEMENT (NY) 123104150DBC.5.00 25,000.12,500. 12,500. 10,326. 738. AMT DEPRECIATION 150DB15.00 12,500. 12,500. 738. ACE DEPRECIATION SL 15.00 738. 130LEASEHOLD IMPROVEMENT (NY) 022106150DB15.00 10,485. 10,485. 7,700. 619. AMT DEPRECIATION 150DB0.5.00 7,699. 619. ACE DEPRECIATION SL 15.00 7,699. 619. 131LEASEHOLD IMPROVEMENT (NY) 030306150DBC.5.00 21,461. 21,461. 15,757. 1,266. AMT DEPRECIATION 150DB15.00 15,757. 1,268. ACE DEPRECIATION SL 15.00 15,757. 1,268. 148LEASEHOLD IMPROVEMENT (NY) 021208150DB15.00 11,736. 5,868. 5,868. 3,426. 346. AMT DEPRECIATION 150DB0.5.00 5,868. 5,868. 346. ACE DEPRECIATION SL 15.00 346. 149LEASEHOLD IMPROVEMENT (NY) 121908150DB0.5.00 16,000. 8,000. 8,000. 4,276. 472. AMT DEPRECIATION 150DB15.00 8,000. 8,000. 472. ACE DEPRECIATION SL 15.00 472. 153LEASEHOLD IMPROVEMENT (NY) 070110150DB15.00 75,753.75,753. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 155LEASEHOLD IMPROVEMENT (NY) 111411150DB0.5.00 11,227.11,227. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 158LEASEHOLD IMPROVEMENT (NY) 050412150DB15.00 4,167. 4,167. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 (0) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806245 2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR CALIFORNIA — NEXT MANAGEMENT LLC ' A f.SOI Date Unadjusted Basis For Accumulated Amount Of bk, Description Acquired Method Life COMCIeBdei5 Reduction In pptedMi00 Depreciation Depreciation Basis 1591EASEHOLD IMPROVEMENT (NY) 111012150DB15.00 14,059.14,059. 0. AMT DEPRECIATION 150DBI5.00 ACE DEPRECIATION SL 15.00 164LEASEHOLD IMPROVEMENT (NY) 091913150DB0.5.00 131,030. 131,030, 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 165LEASEHOLD IMPROVEMENT (NY) 121713150DB15.00 9,633. 9,633. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 166LEASEHOLD IMPROVEMENT (NY) 123113150DB0.5.00 100,954. 100,954• 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 173LEASEHOLD IMPROVEMENT (NY) 022714150DB15.00 12,760.12,760. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 174LEASEHOLD IMPROVEMENT (NY) 060414150DBC.5.00 156,004. 156,004. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 181LEASEHOLD IMPROVEMENT (NY) 080515150DB15.00 63,396.63,396. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 * OTHER TOTAL BUILDINGS 1,430,611. 779,277 • 651,334. 336,130. 17,149. * OTHER TOTAL - 1,430,611. 779,277. 651,334. 336,130. 17,149. BUILDINGS 38LEASEHOLD IMPROVEMENT (FL) 082898SL 39.00 29,553. 29,553. 13,929. 758. AMT DEPRECIATION SL 40.00 13,579. 739. ACE DEPRECIATION SL 40.00 13,579. 739. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 626106 04.01.16 EFTA00806246 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Ace.O1 Date Unadjusted Basis For Accumulated Amount 01 bk, Description Accnthed Method We CostOrBasis ReduclionM Depreciation Depreciation Depreciation Basis 167LEASEHOLD IMPROVEMENT (FL) 092613150DB15.00 13,994.13,994. 0. AMT DEPRECIATION 150DBI5.00 ACE DEPRECIATION SL 15.00 182LEASEHOLD IMPROVEMENT (FL) 092515150DBC.5.00 25,179.25,179. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 * OTHER TOTAL BUILDINGS 68,726.39,173. 29,553. 13,929. 758. * OTHER TOTAL - 68,726.39,173. 29,553. 13,929. 758. 196LEASEHOLD IMPROVEMENT (CA) 010516150DB15.00 11,130.11,130. 0. AMT DEPRECIATION 150DB0.5.00 ACE DEPRECIATION SL 15.00 197LEASEHOLD IMPROVEMENT (CA) 032316150DBC.5.00 25,305. 8,943. 16,362. 818. 1,554. AMT DEPRECIATION 150DB15.00 1,554. ACE DEPRECIATION SL 15.00 1,554. 198LEASEHOLD IMPROVEMENT (CA) 061416150DB15.00 10,561. 10,561. 528. 1,003. AMT DEPRECIATION 150DB0.5.00 528. 1,003. ACE DEPRECIATION SL 15.00 528. 1,003. * OTHER TOTAL OTHER 46,996.20,073. 26,923. 1,346. 2,557. BUILDINGS 25LEASEHOLD IMPROVEMENT (CA) 070195SL 39.00 11,498. 11,498. 6,362. 295. AMT DEPRECIATION SL 40.00 6,159. 287. ACE DEPRECIATION SL 40.00 6,159. 287. 116LEASEHOLD IMPROVEMENT (CA) 022405150DB15.00 6,000. 6,000. 4,761. 355. AMT DEPRECIATION 150DB0.5.00 4,761. 354. ACE DEPRECIATION SL 15.00 4,761. 354. (0) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806247 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Ace.al Date Unadjusted Basis For Accumulated Amount Of bk, Description Acquired Method We CostOrBasis ReductionM Doredatim Depreciation Depreciation Basis 117LEASEHOLD IMPROVEMENT (CA) 032105150DB15.00 800. 800. 633. 47. AMT DEPRECIATION 150DB15.00 634. 47. ACE DEPRECIATION SL 15.00 634. 47. 160ILEASEHOLD IMPROVEMENT (CA) 091612150DB15.00 5,285. 5,285. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 168LEASEHOLD IMPROVEMENT (CA) 083113150DB15.00 21,300.21,300. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 183.LEASEHOLD IMPROVEMENT (CA) 062615150DB15.00 44,230.44,230. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 * OTHER TOTAL BUILDINGS 89,113.70,815. 18,298. 11,756. 697. * OTHER TOTAL - 136,109.90,888. 45,221. 13,102. 3,254. FURNITURE & FIXTURES IFURNITURE & FIXTURES (NY) 053191SL 7.00 4,775. 4,775. 4,775. 0. 7FURNITURE & FIXTURES (NY) 010489SL 5.00 26,013. 26,013. 26,013. 0. lOWURNITURE & FIXTURES (NY) 070190SL 7.00 4,541. 3,465. 1,076. 1,076. 0. 26FURNITURE & FIXTURES (NY) 070195SL 7.00 31,451. 31,451. 31,451. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806248 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Assai Date Unadjusted Basis For Accumulated Amount Of Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 31FURNITURE & FIXTURES (NY) 070196SL 7.00 35,874.17,500. 18,374. 18,374. 0. 35FURNITURE & FIXTURES (NY) 070197SL 7.00 8,872. 8,872. 0. 39FURNITURE & FIXTURES (NY) 070198SL 7.00 12,254. 12,254. 12,254. 0. 48FURNITURE & FIXTURES (NY) 070199SL 7.00 66,766. 66,766. 66,766. 0. 60FURNITURE & FIXTURES (NY) 070100SL 7.00 39,506. 39,506. 39,506. 0. 70IFURNITURE & FIXTURES (NY) 043002SL 7.00 12,000.12,000. 0. 98FURNITURE & FIXTURES (NY) 112503SL 7.00 3,598. 1,799. 1,799. 1,799. 0. 99'FURNITURE & FIXTURES (NY) 120403SL 7.00 28,027.14,014. 14,013. 14,013. 0. 100FURNITURE & FIXTURES (NY) 080803SL 7.00 48,543.24,272. 24,271. 24,271. 0. 101FURNITURE & FIXTURES (NY) 092603SL 7.00 3,874. 1,937. 1,937. 1,937. 0. 102TURNITURE & FIXTURES (NY) 120803SL 7.00 7,275. 3,638. 3,637. 3,637. 0. (D) As et disposed • ITC. Section 179. Salvage. FIR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806249 2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR CALIFORNIA — NEXT MANAGEMENT LLC As.s.n Date Unadjusted Basis For Accumulated Amount Of ND Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 111FURNITURE & FIXTURES (NY) 112304SL 7.00 6,001. 6,001. 0. 112YURNITURE & FIXTURES (NY) 013004SL 7.00 165. 165. 0. 124FURNITURE & FIXTURES (NY) 012005SL 7.00 6,215. 6,215. 0. 125FURNITURE & FIXTURES (NY) 031105SL 7.00 111. 111. 0. 126FURNITURE & FIXTURES (NY) 061705SL 7.00 8,440. 8,440. 0. 12TFURNITURE & FIXTURES (NY) 071405SL 7.00 936. 936. 0. 134FURNITURE & FIXTURES (NY) 031406SL 7.00 4,664. 4,664. 0. 141FURNITURE & FIXTURES (NY) 021407SL 7.00 4,881. 4,881. 0. 142TURNITURE & FIXTURES (NY) 051507SL 7.00 6,610. 6,610. 0. 150IFURNITURE & FIXTURES (NY) 050708SL 7.00 3,542. 3,542. 0. 151FURNITURE & FIXTURES (NY) 122608SL 7.00 4,400. 4,400. 0. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806250 2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR CALIFORNIA — NEXT MANAGEMENT LLC Af4:4i Date Unadjusted Basis For Accumulated Amount Of ND Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 152FURNITURE & FIXTURES (NY) 012309SL 7.00 4,400. 4,400. 0. 151FURNITURE & FIXTURES (NY) 011410SL 5.00 1,214. 1,214. 0. 169FURNITURE & FIXTURES (NY) 080813SL 7.00 39,929.39,929. 0. 170IFURNITURE & FIXTURES (NY) 123113SL 7.00 11,688.11,688. 0. 175FURNITURE & FIXTURES (NY) 011014SL 7.00 23,085.23,085. 0. 176-FURNITURE & FIXTURES (NY) 021414SL 7.00 41,566.41,566. 0. 177FURNITURE & FIXTURES (NY) 050714SL 7.00 17,813.17,813. 0. 185YURNITURE & FIXTURES (NY) 070115200Dff7.00 8,706. 8,706. 0. AMT DEPRECIATION 150DR7.00 ACE DEPRECIATION SL 7.00 * OTHER TOTAL FURNITURE & FIXTURES 527,735. 281,863. 245,872. 245,872. 0. * OTHER TOTAL - 527,735. 281,863. 245,872. 245,872. 0. FURNITURE & FIXTURES (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 626106 04.01.16 EFTA00806251 2017 DEPRECIATION AND AMORTIZATION REPORT — NEXT YEAR CALIFORNIA — NEXT MANAGEMENT LLC As.s4i Date Unadjusted Basis For Accumulated Amount Of ND Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 32FURNITURE & FIXTURES (FL) 070196SL 7.00 16,528. 16,528. 16,528. 0. 36PURNITURE & FIXTURES (FL) 070197SL 7.00 1,952. 1,952. 0. 40FURNITURE & FIXTURES (FL) 070198SL 7.00 21,639. 21,639. 21,639. 0. 49'FURNITURE & FIXTURES (FL) 070199SL 7.00 1,953. 1,953. 1,953. 0. 132TURNITURE & FIXTURES (FL) 051506SL 7.00 2,789. 2,789. 0. 133FURNITURE & FIXTURES (FL) 072006SL 7.00 2,999. 2,999. 0. 171FURNITURE & FIXTURES (FL) 012913SL 7.00 2,825. 2,825. 0. 178SURNITURE & FIXTURES (FL) 071014SL 7.00 7,196. 7,196. 0. 184FURNITURE & FIXTURES (FL) 101215200DB7.00 3,778. 3,778. 0. AMT DEPRECIATION 150DB7.00 ACE DEPRECIATION SL 7.00 194FURNITURE & FIXTURES (FL) 060191SL 7.00 16,047. 16,047. 16,047. 0. * OTHER TOTAL FURNITURE & FIXTURES 77,706.21,539. 56,167. 56,167. 0. (D) - As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 626106 04.01.16 EFTA00806252 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC As.s4i Date Unadjusted Basis For Accumulated Amount Of bk, Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis * OTHER TOTAL - 77,706.21,539. 56,167. 56,167. 0. FURNITURE & FIXTURES 27FURNITURE & FIXTURES (CA) 070195SL 7.00 16,832. 16,832. 16,832. 0. 31FURNITURE & FIXTURES 070196SL 7.00 6,256. 6,256. 6,256. 0. 41FURNITURE & FIXTURES (CA) 070198SL 7.00 13,092. 13,092. 13,092. 0. 118FURNITURE & FIXTURES (CA) 031605SL 7.00 6,191. 6,191. 0. 119FURNITURE & FIXTURES (CA) 042905SL 7.00 7,975. 7,975. 0. * OTHER TOTAL FURNITURE & FIXTURES 50,346.14,166. 36,180. 36,180. 0. * OTHER TOTAL - 50,346.14,166. 36,180. 36,180. 0. MACHINERY & EQUIPMENT 179SOFTWARE (NY) 012215SL 3.00 155,603.77,802. 77,801. 49,707. 25,934. AMT DEPRECIATION SL 3.00 25,934. ACE DEPRECIATION SL 3.00 25,934. (0) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01.16 EFTA00806253 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC es.s4i Date Unadjusted Basis For Accumulated Amount Of ND Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis * OTHER TOTAL MACHINERY & EQUIPMENT 155,603.77,802. 77,801. 49,707. 25,934. * OTHER TOTAL - 155,603.77,802. 77,801. 49,707. 25,934. 187ORGANIZATION COSTS 010489709 60M 26,951. 26,951. 26,951. 0. 188START-UP COSTS 071692195 60M 26,000. 26,000. 26,000. 0. 189START-UP COSTS 070192195 60M 25,000. 25,000. 25,000. 0. 190,COVENANT NOT TO COMPETE 103110197 180M 3,000,000 • 3,000,000. 1,233,333. 200,000. 191ORGANIZATION COSTS 061515709 180M 15,790. 15,790. 1,667. 1,053. * OTHER TOTAL OTHER 3,093,741. 0. 3,093,741. 1,312,951. 201,053. BUILDINGS 186IEASEHOLD IMPROVEMENT (MET) 070115150DBC5.00 10,000.10,000. 0. AMT DEPRECIATION 150DB15.00 ACE DEPRECIATION SL 15.00 19WLEASEHOLD IMPROVEMENT (MET) 052816150DB15.00 12,600. 12,600. 630. 1,197. AMT DEPRECIATION 150DB15.00 630. 1,197. ACE DEPRECIATION SL 15.00 630. 1,197. (D) As et disposed • ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 626106 04.01.16 EFTA00806254 2017 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR CALIFORNIA - NEXT MANAGEMENT LLC Af.s..:d Date Unadjusted Basis For Accumulated Amount Of ND Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation 6,35.* * OTHER TOTAL BUILDINGS 22,600.10,000. 12,600. 630. 1,197. * OTHER TOTAL - 3,116,341 0 , 000 . 3,106,341. 1,313,581. 202,250. * GRAND TOTAL OTHER DEPR & AMORT 7,281,292 1,842,366. 5,438,926. 3,255,125. 249,345. AMT DEPRECIATION 1,610,402. 558,901. 159,440. 48,133. ACE DEPRECIATION 1,810,696. 759,191. 159,440. 48,133. 0) Asset disposed ITC. Section 179. Salvage. HR 3090. Commercial Revitalization Deduction. GO Zone 628100 04.01-16 EFTA00806255 CLAXON INC C/O NEXT MANAGEMENT LLC 651113 Schedule K-1 (Form 1065) 2016 { 1 K-1 Final Li Amended K-1 0MB No. 1545-0123 For Wife year 2016. or lax Part III Partner's Share of Current Year Income, Department of the Treasury yaw beginning Deductions, Credits, and Other Items Internal Revenue Service *riding 1 Ordinary business income (loss) 15 Credits Partner's Share of Income, Deductions, I 1,050,186. Credits, etc. li. See separate instructions. 2 Nor minimal estate IncomePOW I 16 Foreign transactions 3 Other net rental income (loss) Part I Information About the Partnership I A Partnership's employer identification number 4 Guaranteed payments 13-3495607 I B Partnership's name, address, city, state, and ZIP code 5 Interest income I 6,707. NEXT MANAGEMENT LLC 6a Ordinary dividends 15 WATTS STREET, 6TH FLOOR I 17 Alternative min tax (AMT) items NEW YORK, NY 10013 66 Qualified dividends A 68. C IRS Center where partnership filed return I E —FILE 7 Royalties I 18 Tax-exempt income and DQ Check if this is a publicly traded partnershei (PTP) 8 Net short-term capital gain (loss) nondeductible expenses I C* STMT 9a Net long-term capital gain (loss) Part II Information About the Partner I E Partners identifying number 9b Collectibles (28%) gain (loss) 19 Distributions 13-3508513 I A 945,000. F Partners name, address, city, state, and ZIP code 9c Unrecaptured sec 1250 gain CLAXON INC 20 Other information C/O NEXT MANAGEMENT LLC 10 Net section 1231 gain (loss) A 6,707. 15 WATTS STREET NEW YORK, NY 10013 11 Other income (loss) G LXJ General partner or LLC I I Limited partner or other LLC member-manager member ii El Domestic partner II Foreign partner II What type of entity is this partner? CORPORATION 12 Section 179 deduction 12 If this partner is a retirement plan (IRA/SEP/Keogh/etc.). check here El 27,100. tl Partners share of profit, loss, and capital: 13 Other deductions Beginning Ending A 5,255. Profit 42.0000000% 42.0000000% Loss 42.0000000% 42.0000000% Capital 42.0000000% 42 . 0000000% 14 Self-employment earnings (loss) K Partners share of liabilities at year end: Nonrecourse $ 402,290. Qualified nonrecourse financing $ 'See attached statement for additional information. Recourse $ 7,543,181. L Partners capital account analysis: Beginning capital account $ 492,058. 2 , Capital coMnbuted during the year $ 6 Current year increase (decrease) $ 1,154,322. g Withdrawals 8 distributions SI 945,0004(e2 Ending capital account $ 701, 380. 1 u. Fl Tax basis GAAP Q Section 704(6) book Other (explain) M Did the partner contribute property with a built-in gain or loss? Yes El No If 'Yes,' attach statement (see instructions) 611261 11-10.16 LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065 IRS.govitorm1065 Schedule K-1 (Form 1065) 201 14 1 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806256 NEXT MANAGEMENT LLC 13-3495607 SCHEDULE K-1 NONDEDUCTIBLE EXPENSES, BOX 18, CODE C DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT ASSESSMENTS 182. NONDEDUCTIBLE EXPENSES - SEE IRS SCH. K-1 INSTRUCTIONS PASSTHROUGH 21,268. EXCLUDED MEALS AND NONDEDUCTIBLE PORTION ENTERTAINMENT EXPENSES 32,234. TOTAL TO SCHEDULE K-1, BOX 18, CODE C 53,684. SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS ORDINARY INCOME (LOSS) 1,050,186. INTEREST INCOME 6,707. SCHEDULE K-1 INCOME SUBTOTAL 1,056,893. SECTION 179 EXPENSE -27,100. CHARITABLE CONTRIBUTIONS -5,255. SCHEDULE K-1 DEDUCTIONS SUBTOTAL -32,355. NET INCOME (LOSS) PER SCHEDULE K-1 1,024,538. AMORTIZATION ON RETURN AND NOT ON BOOKS 84,442. DEPRECIATION ON BOOKS AND NOT ON RETURN -23,197. NONDEDUCTIBLE EXPENSES -53,684. RENT EXPENSE -35,529. SALARIES AND WAGES 137,894. STATE / LOCAL DEFERRED INCOME TAX -5,460. TWO TWELVE MANAGEMENT, LLC 25,318. OTHER INCREASES OR DECREASES SUBTOTAL 129,784. TOTAL TO SCHEDULE K-1, ITEM L 1,154,322. 15 PARTNER NUMBER 1 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806257 Schedule of Activities ForcaWciarywyMmorwyearboming . 2016, and ending flame: NEXT MANAGEMENT LLC Number: 13-3495607 For: CLAXON INC C/O NEXT MANAGEMENT LLC 13-3508513 AmityThTibio lumomw ftmciyualloci Type oyetwoon Description Pannwsho Cocio' 3 GEN. T/B 0 1 TWO TWELVE MANAGEMENT, LLC Activity 2 PORTFOLIO Activity- 3 Activity- 1 Activity- 2 Ordinary business income (loss 992,302. 57,884. Net rental real e tate income (loss) Other net rental income (loss) Interest income 92. 6,615. Dividends - Ordinary dividends - Qualified dividends Royalties Net short-term capital gain (loss) Net long-term capital gain (loss) - Collectibles (28%) gain (loss) - Unrecaptured Section 1250 gain Net section 1231 gain (loss) Other portfolio income Section 1256 contracts and straddles Other income Section 179 deduction 27,100. Charitable contributions 2,744. Portfolio deductions Investment interest expense Section 59(e)(2) expenditures Other deductions Net earnings from self-employment Goss farming or fishing income Goss nonfarm income LIH credit - Section 42(9(5) partnerships - Other Qualified rehabilitation expenditures related to rental real estate Other rental credits Credits related to other rental activities Recapture of LIH credit - Section 42(9(5) partnerships - Other Other credits Post-1986 depreciation adjustment 68. Adjusted gain or loss Portion of adjusted gain/loss allocable to short-term gain/loss Portion of adjusted gain/loss allocable to long-term gain/loss Portion of adjusted gain/loss allocable to section 1231 gaintloss Depletion (other than oil and gas) Oil, gas and geothermal properties - gross income Oil, gas and geothermal properties - deductions Other AMT items Investment income 92. 6,615. Investment expenses ' 1 - Single Family/ Residence 5 - Land 2 - Mutti-Famity Residence 6 - Royalties 3 - Vacation or Short-Term Rental 7 - Self-Rental 4 - Commercial 8 - Other 625001 04-01.16 15.1 1 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806258 PARTNERSHIP HOLDING CORP. C/O NEXT MA 651113 Schedule K-1 (Form 1065) 2016 {1 Final K-1 Li Amended K-1 OMB No. 1545-0123 Far wave year 2016. or lax Part III Partner's Share of Current Year Income, Department of the Treasury yaw beginning Deductions, Credits, and Other Items Internal Revenue Service ending 1 Ordinary business income (loss) 15 Credits Partner's Share of Income, Deductions, I 775,137. Credits, etc. li. See separate instructions. 2 Net rentalmol Mate Income POW I 16 Foreign transactions 3 Other net rental income (loss) Part I Information About the Partnership I A Partnership's employer identification number 4 Guaranteed payments 13-3495607 I B Partnership's name, address, city, state, and ZIP code 5 Interest income I 4,950. NEXT MANAGEMENT LLC 6a Ordinary dividends 15 WATTS STREET, 6TH FLOOR I 17 Alternative min tax (AMT) items NEW YORK, NY 10013 66 Qualified dividends A 50. C IRS Center where partnership filed return I E —FILE 7 Royalties DQ Check if this is a publicly traded partnershei (PTP) I 8 Net short-term capital gain (loss) 18 Tax-exempt income and nondeductible expenses I C* STMT 9a Net long-term capital gain (loss) Part II Information About the Partner I E Partners identifying number 9b Collectibles (28%) gain (loss) 19 Distributions 13-3501977 I A 697,500. F Partner's name, address, city, state, and ZIP code 9c Unrecaptured sec 1250 gain PARTNERSHIP HOLDING CORP. 20 Other information C/O NEXT MANAGEMENT LLC 10 Net section 1231 gain (loss) A 4,950. 15 WATTS STREET NEW YORK, NY 10013 11 Other income (loss) G LXJ General partner or LLC I I Limited partner or other LLC member-manager member II El Domestic partner I I Foreign partner It What type of entity is this partner? CORPORATION 12 Section 179 deduction 12 If this partner is a retirement plan (IRA,SEP/Keogrtfetc.). check here El 20,002. tl Partners share of profit, loss, and capital: 13 Other deductions Beginning Ending A 3,879. Profit 31.0000000% 31.0000000% Loss 31.0000000% 31.0000000% Capital 31.0000000% 31.0000000% 14 Self-employment earnings (loss) K Partners share of liabilities at year end: Nonrecourse $ 296,929. Qualified nonrecourse financing $ 'See attached statement for additional information. Recourse $ 5,567,586. L Partners capital account analysis: Beginning capital account $ 363,187. 2_, Capital coMnbuted during the year $ '5 Current year increase (decrease) $ 852,000. 8 Withdrawals 8 distributions SI 697,50042 Ending capital account $ 517,687. 1 u. Fl Tax basis GAAP Q Section 704(6) book Other (explain) M Did the partner contribute property with a built-in gain or loss? Yes El No If 'Yes,' attach statement (see instructions) 611261 11-10.16 LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065 IRS.govitorm1065 Schedule K-1 (Form 1065) 201 16 2 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806259 NEXT MANAGEMENT LLC 13-3495607 SCHEDULE K-1 NONDEDUCTIBLE EXPENSES, BOX 18, CODE C DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT ASSESSMENTS 135. NONDEDUCTIBLE EXPENSES - SEE IRS SCH. K-1 INSTRUCTIONS PASSTHROUGH 15,697. EXCLUDED MEALS AND NONDEDUCTIBLE PORTION ENTERTAINMENT EXPENSES 23,791. TOTAL TO SCHEDULE K-1, BOX 18, CODE C 39,623. SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS ORDINARY INCOME (LOSS) 775,137. INTEREST INCOME 4,950. SCHEDULE K-1 INCOME SUBTOTAL 780,087. SECTION 179 EXPENSE -20,002. CHARITABLE CONTRIBUTIONS -3,879. SCHEDULE K-1 DEDUCTIONS SUBTOTAL -23,881. NET INCOME (LOSS) PER SCHEDULE K-1 756,206. AMORTIZATION ON RETURN AND NOT ON BOOKS 62,327. DEPRECIATION ON BOOKS AND NOT ON RETURN -17,122. NONDEDUCTIBLE EXPENSES -39,623. RENT EXPENSE -26,223. SALARIES AND WAGES 101,778. STATE / LOCAL DEFERRED INCOME TAX -4,030. TWO TWELVE MANAGEMENT, LLC 18,687. OTHER INCREASES OR DECREASES SUBTOTAL 95,794. TOTAL TO SCHEDULE K-1, ITEM L 852,000. 17 PARTNER NUMBER 2 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806260 Schedule of Activities ForcaWdarywaimortaxyearboming . 2016, and ending Name: NEXT MANAGEMENT LLC Number: 13-3495607 For: PARTNERSHIP HOLDING CORP. C/O NEXT MA 13-3501977 Amitymallbor imomw Purdy Laded Typo Dgetwoon Description Pannwsho Cocio' 3 GEN. T/B 0 1 TWO TWELVE MANAGEMENT, LLC Activity 2 PORTFOLIO Activity- 3 Activity- 1 Activity- 2 Ordinary business income (loss 732,414. 42,723. Net rental real e tate income (loss) Other net rental income (loss) Interest income 67. 4,883. Dividends - Ordinary dividends - Qualified dividends Royalties Net short-term capital gain (loss) Net long-term capital gain (loss) - Collectibles (28%) gain (loss) - Unrecaptured Section 1250 gain Net section 1231 gain (loss) Other portfolio income Section 1256 contracts and straddles Other income Section 179 deduction 20,002. Charitable contributions 2,026. Portfolio deductions Investment interest expense Section 59(e)(2) expenditures Other deductions Net earnings from self-employment Goss farming or fishing income Goss nonfarm income LIH credit - Section 42(9(5) partnerships - Other Qualified rehabilitation expenditures related to rental real estate Other rental credits Credits related to other rental activities Recapture of LIH credit - Section 42(9(5) partnerships - Other Other credits Post-1986 depreciation adjustment 50. Adjusted gain or loss Portion of adjusted gain/loss allocable to short-term gain/loss Portion of adjusted gain/loss allocable to long-term gain/loss Portion of adjusted gain/loss allocable to section 1231 gaintloss Depletion (other than oil and gas) Oil, gas and geothermal properties - gross income Oil, gas and geothermal properties - deductions Other AMT items Investment income 67. 4,883. Investment expenses ' 1 - Single Family/ Residence 5 - Land 2 - Mutti-Famity Residence 6 - Royalties 3 - Vacation or Short-Term Rental 7 - Self-Rental 4 - Commercial 8 - Other 625001 04-01.16 17.1 2 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806261 THE WILCOR GROUP INC. C/O NEXT MANAGE 651113 Schedule K-1 (Form 1065) 2016 { 1Final K-1 Li Amended K-1 0MB No. 1545-0123 Far wave year 2016. or lax Part III Partner's Share of Current Year Income, Department of the Treasury yaw beginning Deductions, Credits, and Other Items Internal Revenue Service ending 1 Ordinary business income (loss) 15 Credits Partner's Share of Income, Deductions, I 675,119. Credits, etc. Ills• See separate instructions. 2 Net rentalmol Mate Income POW I 16 Foreign transactions 3 Other net rental income (loss) Part I Information About the Partnership I A Partnership's employer identification number 4 Guaranteed payments 13-3495607 I B Partnership's name, address, city, state, and ZIP code 5 Interest income I 4,311. NEXT MANAGEMENT LLC 6a Ordinary dividends 15 WATTS STREET, 6TH FLOOR I 17 Alternative min tax (AMT) items NEW YORK, NY 10013 6b Qualified dividends A 43. C IRS Center where partnership filed return I E —FILE 7 Royalties DQ Check if this is a publicly traded partnersh0 (PTP) I 8 Net short-term capital gain (loss) 18 Tax-exempt income and nondeductible expenses I C* STMT 9a Net long-term capital gain (loss) Part II Information About the Partner I E Partners identifying number 9b Collectibles (28%) gain (loss) 19 Distributions 13-3682060 I A 607,500. F Partners name, address. city, state, and ZIP code 9c Unrecaptured sec 1250 gain THE WILCOR GROUP INC. 20 Other information C/O NEXT MANAGEMENT LLC 10 Net section 1231 gain (loss) A 4,311. 15 WATTS STREET NEW YORK, NY 10013 I 1 Other income (loss) G LXJ General partner or LLC I I Limited partner or other LLC member-manager member ii El Domestic partner II Foreign partner II What type of entity is this partner? CORPORATION 12 Section 179 deduction 12 If this partner is a retirement plan (IRA,SEP/Keogrtfetc.). check here El 17,421. tl Partners share of profit, loss, and capital: 13 Other deductions Beginning Ending A 3,378. Profit 27.0000000% 27.0000000% Loss 27.0000000% 27.0000000% Capital 27.0000000% 27.0000000% 14 Self-employment earnings (loss) K Partners share of liabilities at year end: Nonrecourse $ 258,615. Qualified nonrecourse financing $ 'See attached statement for additional information. Recourse $ 4,849,188. L Partners capital account analysis: Beginning capital account $ 316 , 326. 2_, Capital coMnbuted during the year $ '5 Current year increase (decrease) $ 742,064. g Withdrawals 8 distributions SI 607,50042 Ending capital account $ 450,890. 1 u. I/ Tax basis GAAP Q Section 704(6) book Other (explain) M Did the partner contribute property with a built-in gain or loss? Yes lil No If 'Yes,' attach statement (see instructions) 611261 11-10.16 LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065 IRS.govitorm1065 Schedule K-1 (Form 1065) 201 18 3 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806262 NEXT MANAGEMENT LLC 13-3495607 SCHEDULE K-1 NONDEDUCTIBLE EXPENSES, BOX 18, CODE C DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT ASSESSMENTS 117. NONDEDUCTIBLE EXPENSES - SEE IRS SCH. K-1 INSTRUCTIONS PASSTHROUGH 13,672. EXCLUDED MEALS AND NONDEDUCTIBLE PORTION ENTERTAINMENT EXPENSES 20,722. TOTAL TO SCHEDULE K-1, BOX 18, CODE C 34,511. SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS ORDINARY INCOME (LOSS) 675,119. INTEREST INCOME 4,311. SCHEDULE K-1 INCOME SUBTOTAL 679,430. SECTION 179 EXPENSE -17,421. CHARITABLE CONTRIBUTIONS -3,378. SCHEDULE K-1 DEDUCTIONS SUBTOTAL -20,799. NET INCOME (LOSS) PER SCHEDULE K-1 658,631. AMORTIZATION ON RETURN AND NOT ON BOOKS 54,284. DEPRECIATION ON BOOKS AND NOT ON RETURN -14,912. NONDEDUCTIBLE EXPENSES -34,511. RENT EXPENSE -22,840. SALARIES AND WAGES 88,646. STATE / LOCAL DEFERRED INCOME TAX -3,510. TWO TWELVE MANAGEMENT, LLC 16,276. OTHER INCREASES OR DECREASES SUBTOTAL 83,433. TOTAL TO SCHEDULE K-1, ITEM L 742,064. 19 PARTNER NUMBER 3 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806263 Schedule of Activities ForeaWdaryWalMarlaxygarboWming . 2016, and ending Name: NEXT MANAGEMENT LLC Number: 13-3495607 For: THE WILCOR GROUP INC. C/O NEXT MANAGE 13-3682060 Activity Numb.' ICC% Dwoui Publicly !laded Typo Occ,crotion Pannerahlp Coda' Description 3 GEN. T/B 0 1 TWO TWELVE MANAGEMENT, LLC Activity 2 PORTFOLIO Activity- 3 Activity- 1 Activity- 2 Ordinary business income (loss 637,908. 37,211. Net rental real e tate income (loss) Other net rental income (loss) Interest income 59. 4,252. Dividends - Ordinary dividends - Qualified dividends Royalties Net short-term capital gain (loss) Net long-term capital gain (loss) - Collectibles (28%) gain (loss) - Unrecaptured Section 1250 gain Net section 1231 gain (loss) Other portfolio income Section 1256 contracts and straddles Other income Section 179 deduction 17,421. Charitable contributions 1,764. Portfolio deductions Investment interest expense Section 59(e)(2) expenditures Other deductions Net earnings from self-employment Goss farming or fishing income Goss nonfarm income LIH credit - Section 42(9(5) partnerships - Other Qualified rehabilitation expenditures related to rental real estate Other rental credits Credits related to other rental activities Recapture of LIH credit - Section 42(9(5) partnerships - Other Other credits Post-1986 depreciation adjustment 43. Adjusted gain or loss Portion of adjusted gain/loss allocable to short-term gain/loss Portion of adjusted gain/loss allocable to long-term gain/loss Portion of adjusted gain/loss allocable to section 1231 gaintloss Depletion (other than oil and gas) Oil, gas and geothermal properties - gross income Oil, gas and geothermal properties - deductions Other AMT items Investment income 59. 4,252. Investment expenses ' 1 - Single Family/ Residence 5 - Land 2 - Mutti-Famity Residence 6 - Royalties 3 - Vacation or Short-Term Rental 7 - Self-Rental 4 - Commercial 8 - Other 625001 04-01.16 19.1 3 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806264 2016 TAX RETURN FILING INSTRUCTIONS CALIFORNIA FORM 568 FOR THE YEAR ENDING DECEMBER 31, 2016 Prepared for NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Prepared by SACKS PRESS & LACHER PC 600 THIRD AVENUE NEW YORK, NY 10016-1901 To be signed and A MEMBER OF THE LLC dated by Amount of tax Total tax S 6 800.00 Less: payments and credits S 14,000.00 Plus: other amount S 0.00 Plus: interest and penalties S 0.00 OVERPAYMENT s 7,200.00 Overpayment Credited to your estimated tax $ 0.00 Other amount $ 0.00 Refunded to you $ 7,200.00 Mailtaxretum THIS RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. IF YOU and check (if WISH TO HAVE IT TRANSMITTED TO THE FTB, PLEASE SIGN, DATE AND mvilicablOto RETURN FORM 8453-LLC TO OUR OFFICE. WE WILL THEN SUBMIT THE ELECTRONIC RETURN TO THE FTB. Forms to be ENCLOSED ARE COPIES OF SCHEDULE K-1 TO BE DISTRIBUTED TO THE distributed MEMBERS. to partners Return must be RETURN FORM 8453-LLC TO US BY SEPTEMBER 15, 2017. mailed on or before Special DO NOT MAIL THE PAPER COPY OF THE RETURN TO THE FTB. Instructions YOUR ANNUAL TAX PAYMENT AMOUNT OF $800.00 WILL BE AUTOMATICALLY WITHDRAWN FROM THE BANK ACCOUNT ENDING IN 0157 ON OR AFTER SEPTEMBER 12, 2017. REFER TO FORM 568 ON THE DIRECT DEPOSIT/DEBIT REPORT FOR COMPLETE ACCOUNT INFORMATION. 610142 04421.16 EFTA00806265 022 DO NOT MAIL THIS FORM TO FTB Date Accepted TAXABLE YEAR California e-file Return Authorization for FORM 2016 Limited Liability Companies 8453-LLC Limited liabady company nom. "Wifrind nurrta 13-3495607 NEXT MANAGEMENT LLC Part I Tax Return Information (whole dollars only) 1 Total income (Form 568, Schedule B, line 12 or Form 568. line 1 for Sngle Member LLCs) 120,646,862. 00 2 Ordinary income (Form 568, Schedule B. line 23 or Form 568. line 1 for Single Member LLCs) 2 2,471,234. 00 3 Tax and fee due (Form 568. line 13) 3 00 4 Overpayment (Form 568, line 14) 4 7,200. 00 6 Total amount due (Form 568. line 18) 6 00 Part II Settle Your Account Electronically for Taxable Year 2016. 6 1_1 Electronic funds withdrawal 6a Amount 6b Withdrawal date (nin/ddiWyy) Part III Make Annual Tax or Estimated Fee Payment for Taxable Year 2017 This is NOT an installment payment for the current amount the LLC owes. Annual Tax Payment Estimated Fee Payment 7 Amount 800. 0. 8 Withdrawal date 09/12/2017 Part IV Banking Information (Have you verified the LIC's banking Information?) 9 Routing number 026013576 10 Account number 1501920157 11 Type of account: M Checking 0 Savings Part V Declaration of Authorized Member or Manager I authorize the limited liability company account to be settled as designated in Parts II, Ill, and IV. If I check Box 6, I authorize an electronic funds withdrawal for the amount listed on line 6a and for the 2017 annual tax or estimated fee payment amount listed on line 7 from the account specified in Part IV. Under penalties of perjury, I declare that I am an authorized member or manager of the above limited liability company and that the information I provided to my electronic return originator (ERO), transmitter, or intermediate service provider and the amounts in Part I above agree with the amounts on the corresponding lines of the limited liability company's 2016 California income tax return. To the best of my knowledge and belief, the limited liability company's return is true, correct, and complete. If the limited liability company is filing a balance due return, I understand that if the Franchise Tax Board (FTB) does not receive full and timely payment of the limited liability company's tax lability, the limited liability company will remain liable for the tax liability and all applicable interest and penalties. I authorize the limited liability company return and accompanying schedules and statements be transmitted to the FTB by my ERO, transmitter, or intermediate service provider. If the processing of the limited IIab HIV company's return or refund Is delayed, I authorize the FIB to disclose to my ERO or Intermediate service provider the reason(s) for the delay or the date when the refund was sent Sign PRESIDENT OF MEMBER MGR Here Signature al aulhordad mamba, or manage. Dale Part VI Declaration of Electronic Return Originator (ERO) and Paid Preparer. I declare that I have reviewed the above limited liability company's return and that the entries on form FTB 8453-LLC are complete and correct to the best of my knowledge. (If I am only an intermediate service provider, I understand that I am not responsible for reviewing the limited liability company's return. I declare, however, that form FIB 8453-LLC accurately reflects the data on the return.) I have obtained the signature from the limited liability company authorized member or manager on form FTB 8453-LLC before transmitting this return to the FTB; I have provided the limited liability company authorized member or manager with a copy of all forms and information that I will file with the FTB, and I have followed all other requirements described in FTB Pub. 1345,2016 e-file Handbook for Authorized e-file Providers. I will keep form FTB 8453-LLC on file for four years from the due date of the return or four years from the date the limited liability company return is filed, whichever is later, and I will make a copy available to the FTB upon request If I am also the paid preparer, under penalties of perjury, I declare that I have examined the above limited liability company's return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. I make this declaration based on all information of which I have knowledge. Udd% F a" Check p It Check EIRO's PRN ERO ***au+ GARY W. PRESS 109/12/171 olsoold DO lewdCl Must F"mill-smiorocil ... naMtg en °W. SACKS PRESS & LACHER PC FEN Sign end Odeon 600 THIRD AVENUE NEW YORK, NY wood. 10016-1901 Under penalties of perjury, I declare that I have examined the above limited liability company's return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. I make this declaration based on all information of which I have knowledge. Paid Paid prepaw'S I date Check N ea. Pa. PEOPTIMI. PTIN Preparer signalise am0101did Finn's name (Ge yawn Must FEN aelt.cerployedj Sign and (Kahn. ZIP code For Privacy Notice, get FTB 1131 ENGVSP. FTB 8453•LW 2016 (REV 03.17) 639111 03-2447 EFTA00806266 022 Date Accepted DO NOT MAIL THIS FORM TO THE FIB TAXABLE YEAR California Payment for Automatic FORM 2016 Extension Authorization for Business Entities 8453-BE (PMT) Name of business entity (corporation, limited liability company, or partnership) Identifying number 13-3495607 NEXT MANAGEMENT LLC Part I Extension Payment Information for Taxable Year 2016 1 Electronic Funds Withdrawal (EFW) Amount 14,000. 2 Withdrawal Date (mmicid/yyyy) 09/12/2017 Part II Banking Information for Electronic Funds Withdrawal 3 Routing number 4 Account number 5 Type of account: Lx_l Checking Savings Payment Authorization I authorize an EFW on the date indicated on line 2 for the amount stated on line 1. The above EFW is to be made from the bank indicated on lines 3, 4, and 5. This authorization will remain in effect unless I contact the FTB to cancel the request. I request that the payment above be deducted from the bank account on the date specified above. If this date falls on a Saturday, Sunday, or holiday, the transfer is authorized for the next business day. If the FTB cannot deduct the payment from the account because of insufficient funds or because the bank account is closed, the FTB may charge a dishonored payment penalty. I will be responsible for any overdraft fees charged by the bank. Under penalties of perjury under the laws of the State of California. I declare that I have completed this payment authorization to the best of my knowledge and belief; it is true, correct, and complete. Signature of Date business entity's Sign representative ► Here Title ► PRESIDENT OF MEMBER MGR Paid Preparer Under penalties of perjury, I declare that I have examined the above taxpayer's payment information, and to the best of my knowledge and belief, they are true. correct. and complete. I make this declaration based on all information of which I have knowledge. Paid preparers PTIN Sign signature ► Here Date Firm's name ► KEEP THIS FORM FOR YOUR RECORDS - DO NOT MAIL TO THE FRANCHISE TAX BOARD (FTB) For Privacy Notice, get FTB 1131 ENG/SP. FIB 6453•BE (PMT) (NEW 2016) 629321 11-21.16 EFTA00806267 Form at bottom of page. DO NOT USE THIS FORM TO PAY THE ANNUAL LIMITED LIABILITY COMPANY (LLC) TAX OR THE ESTIMATED LLC FEE. WHERE TO FILE: Using black or blue ink, make check or money order payable to the 'Franchise Tax Board? Write the California SOS file number, FEIN, and '2016 FTB 353r on the check or inixiey order. Detach form below. Enclose, but do not staple. payment with form and mail to: FRANCHISE TAX BOARD PO BOX 942857 SACRAMENTO CA 94257-0531 Make all checks or money orders payable in U.S. dollars and drawn against a U.S. financial institution. WHEN TO FILE: For LLCs classified as partnerships, the original due date of the return is the 15th day of the 3rd month following the close of the taxable year. SMLLCs • For SMLLCs owned by pasathrough entities (S corporations, partnerships. and LLCs classified as partnerships), the original due date of the return is the 15th day of the 3rd month following the close of the taxable year. • For all other SMLLCs, the original due date of the return is the 15th day of the 4th month following the close of the taxable year of the owner. When the due date falls on a weekend or holiday, the deadline to file and pay without penalty is extended to the next business day. Due to the federal Emancipation Day holiday observed on April 17,2017, tax returns filed and payments mailed or submitted on April 18,2017, will be considered timely. ONLINE SERVICES: Make payments online using Web Pay for Businesses. LLCs can make an immediate payment or schedule payments up to a year in advance. For more information, go to ftb.ca.gov. 629011 1208.16 _ _ _ _ DETACH HERE IF NO PAYMENT IS ONE. DO NOT MAIL THIS FORM DETACH HERE TAXABLE YEAR CALIFORNIA FORM Payment for Automatic 2016 Extension for LLCs 3537 (LLC) 200506910067 NEXT 13-3495607 16 FORM 0 TYB 01-01-2016 TYE 12-31-2016 NEXT MANAGEMENT LLC 15 WATTS STREET 6TH FLOOR NEW YORK NY 10013 Amount of Payment 14000. -0221 6121166 I FTB 3537 2016 Side 1 ■ EFTA00806268 549851 12.15-15 TAXABLE YEAR Limited Liability Company ■ CALIFORNIA FORM 2016 Return of Income 568 200506910067 NEXT 13-3495607 16 PBA 812990 TYB 01-01-2016 TYE 12-31-2016 NEXT MANAGEMENT LLC 15 WATTS STREET 6TH FLOOR NEW YORK NY 10013 ACCTMETHOD 2 01-04-1989 ASSETS 19197540. INITIAL 0 FINAL 0 AMENDED 0 J (1) Curing this taxable year. did another person or legal entity acquire control or majority ownership (more than a 50% interest) of this LLC or any legal entity in which the LLC holds a controlling or majority interest that owned California real property (i.e., land, buildings), leased such property for a term of 35 years or more, or leased such property from a government agency for any term? • El Yes M No (2) During this taxable year. did this LLC acquire control or majority ownership (more than a 50% interest) in another legal entity that owned California real property (i.e.. land. buildings), leased such property for a term of 35 years or more, or leased such property from a government agency for any term? • El Yes M No (3) During this taxable year. has more than 50% of the LLC's ownership interests cumulatively transferred In one or more transactions after an interest in California real property 0.e.. land, buildings) was transferred to it that was excluded from property tax reassessment under Revenue and Taxation Code Section 62(a)(2) and it was not reported on a previous year's tax return? • El Yes lr No (Yes requires filing of statement, penalties may apply - see Instructions.) Complete Schedule IW, LLC Income Worksheet (on Side 7) first to determine Line 1. Whole dollars only 1 Total income from Schedule IW. Limited Liability Company Income Worksheet. See instructions • 1 4,967,002. 00 2 Limited Liability Company fee. See instructions • 2 6,000. 00 3 2016 annual Limited Liability Company tax. See instructions • 3 800. 00 4 Ncaccnsenting nonresident members' tax liability from Schedule T (Side 4) • 4 00 a to 4 5 Total tax and fee. Add line 2. line 3. and line 4 • 5 6,800. 00 o 6 Amount paid with form FTB 3537 and 2016 form FTB 3522 and form FIB 3536 STATEMENT 1 • 6 14,000. 00 7 Overpayment from prior year allowed as a credit • 7 00 8 Withholding (Form 592-B and/or 593) • 8 00 .o oo A 0 9 Total payments. Add line 6. line 7, and line 8 • 9 14,000. 00 to 10 Use Tax. This Is not a total line. See instructions • 10 00 11 Payments balance. If line 9 is more than line 10. subtract line 10 from line 9 • 11 14,000. 00 12 Use Tax balance. If line 10 is more than line 9. subtract line 9 from line 10 • 12 00 Far Privacy Notice, get FTB 1131 ENG/SP. ri 22 3671164 r Form 568 C1 2016 Side 1 EFTA00806269 629861 12.15.16 Whole Dollars Only 13 Tax and foe due. If line 5 is more than line 11, subtract line 11 from role 5 • 13 00 14 Overpayment. If line 11 is more than line 5, subtract fine 5 from line 11 • 14 7,200. oo 15 Amount of line 14 to be credited to 2017 tax or fee , • 15 00 16 Refund. If the total of line 15 is less than line 14. subtract the total from line 14 • 16 7,200. 00 17 Penalties and interest. See instructions • 17 0. 00 18 Total amount due. Add line 12, line 13, tine 15, and line 17, then subtract line 14 from the result • 18 00 K Enter the maximum number of members in the LLC at any time during the year. For multiple member U_Cs, attach a California Schedule K.1 (568) for each of these members • 3 L Is this LLC an investment partnership? See General Information O • 0 Yes III No M (1) Is this LLC apportioning or allocating income to California using Schedule R? • M Yes O No (2) If 'No,' was this LLC registered in California without earning any income sourced in this state during the taxable year? ®Thes O No N Was there a distribution of property or a transfer (for example, by sale or death) of an LLC interest during the taxable year? • 0 Yes II No P (1) Does the LLC have any foreign (non-U.S.) nonresident members? • O Yes X1 No (2) Does the LLC have any domestic (non-foreign) nonresident members? • LE Yes 0 No (3) Were Form 592, Form 592.A, Form 592-8, and Form 592-F filed for these members? • III Yes X1 No O Are any members in this LLC also LLCs or partnerships? • O Yes No R Is this LLC under audit by the IRS or has it been audited in a prior year? • O Yes rr No S Is this LLC a member or partner in another multiple member LLC or partnership? • M Yes 0 No If 'Yes," complete Schedule EC,. Part I. T Is this LLC a publicly traded partnership as defined in IRC Section 469(k)(2)? 0 Yes X1No U (1) Is this LLC a business entity disregarded for tax purposes? • ElYes X1 No (2) If 'Yes." see instructions and complete Side 1. Side 2. Side 3, Schedule 8, Side 5, and Side 7. if applicable. Are there credits or credit carryovers attributable to the disregarded entity? • Yes O No (3) If 'Yes' to U(1), does the disregarded entity have total income derived from or attributable to California that is less than the LLC's total income from all sources? Yes O No V Has the LLC included a Reportable Transaction, or Listed Transaction within this return? (See instructions for definitions). If "Yes,' complete and attach federal Form 8886 for each transaction • Yes No W Did this LLC file the Federal Schedule M-3 (federal F011111065)7 • LE Yes O No X Is this LLC a direct owner of an entity that filed a federal Schedule M-3? • LE Yes O No Y Does the LLC have a beneficial interest in a trust or is it a grantor of a Trust? If 'Yes; attach schedule of trusts and federal identification numbers. • Th es ® No Z Does this LLC own an interest in a business entity disregarded for tax purposes? .0 Yes No If 'Yes; complete Schedule EO, Part II. (continued on Side 3) Side 2 Form 568 C12016 022i 3672164 I EFTA00806270 629671 12.1545 (continued from Side 2) AA Is any member of the LLC related (as defined in IRC Section 267(c)(4)) to any other member of the LLC? • C Yes rr No BB Is any member of the LLC a trust for the benefit of any person related (as defined in IRC Section 267(c)(4)) to any other member? • C Yes rr No CC (1) Is the LLC deferring any income from the disposition of assets? (see instructions) • C Yes rr No (2) If 'Yes." enter the year of asset disposition • DD Is the LLC reporting previously deferred Income front (see instructions) • C Installment Sale • O IRC §1031 •0 IRC §1033 •O Other EE 'Doing business as' name. See instructions: • FF (1) Has this LLC operated as another entity type such as a corporation, S corporation, General Partnership. Limited Partnership, or Sole Proprietorship in the previous five (5) years? • 0 Yes rr No (2) If 'Yes', provide prior FEIN(s) if different, business name(s), and entity type(s) for prior returns filed with the FTB and/or IRS (see instructions): GG (1) Has this LW previously operated outside California? • M Yes No (2) Is this the first year of doing business in California? ,,,,,, ,,, ,,,,,,,,, ,,, ,,,,,,,,, ,,, ,,,,,,,,, ,,, ,,,,,,,,, ,,, ,,,,,,,,, ,,, ,,, • O Yes M No caul II Single Member LLC Information and Consent • Complete only if the LLC is disregarded. • $SN Sole Owner's name (as shown on owner's return) FEIN/CA Corp noJCA SOS File no. 0 Street Address, City. State, and ZIP Code • What type of entity is the ultimate owner of this SMLLC? Check only one box: CI (1) Individual 0 (2) C Corporation (3) PassThrough (S corporation, partnership, (4) Estate/Trust 0 (5) Exempt Organization LLC classified as a partnership) Member's Consent Statement: I consent to the jurisdiction of the State of California to tax my LLC income and agree to file returns and pay tax as may be required by the Franchise Tax Board. Signature lob Date woo, youi privsy How v.v...? ow PA. • • .11.1 vn U.; kiwis:. ,u, N„vna,9n Ital I . yu ao uo. ',dopey notloa. TO requosi this notice by mail. cal 800252.5711. Unbar penalties al peNury. I doian that I have examinod this return. including a000mbanYht) SChatbleS and statements, and to the East 01myknowledge and ballet. It 19 true, correct, aid complete. Declaration al prepara (Why than ta*Para/IS based on all Intonation of w IO1 SNOarct Ns any nowlelgo. Signalwo Sign 01autnOrlad Date Here member Cr manage' P- Telephone Autroind man 040 of man or 9 eniar adOOSS (q)tiOnalt • Paid Date PTIN preparers Check if ILI signature op,. GARY w PRESS 0 9 / 12 / 17 seivemployed • Paid Preparers Firm's name FEIN Use Only (or yours, if SACKS PRESS & LACHER PC self'employed) and 600 THIRD AVENUE address liPb NEW YORK, NY 10016-1901 May the FIB discuss this return with the preparer shown above (see instructions)? -0221 3673164 1 Form 568 C1 2016 Side 3 EFTA00806271 NEXT MANAGEMENT LLC 13-3495607 629881 12-15.16 U Schedule A Cost of Goods Sold 1 Inventory at beginning of year 1 00 2 Purchases less cost of items withdrawn for personal use 2 00 3 Cost of labor 8 00 4 Additional IRC Section 263A costs. Attach schedule 4 00 5 Other costs. Attach schedule 5 00 6 Total. Add line 1 through line 5 8 00 7 Inventory at end of year 7 00 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on Schedule B, line 2 8 00 9 a Check all methods used for valuing closing inventory: (1) 0 Cost (2) 0Lower of cost or market as described in Treas. Reg. Section 1.471-4 (3) 0 Write down of "subnormal' goods as described in Treas. Reg. Section 1.471-2(c) (4) 0 Other. Specify method used and attach explanation b Check this box if the LIFO inventory method was adopted this taxable year for any goods. If checked, attach federal Form 970 u e Do the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the LLC? El Yes 0 No d Was there any change (other than for IRC Section 263A purposes) in determining quantities, cost, or valuations between opening and closing inventory? If 'Yes: attach explanation El Yes El No SZetF7.11;13 Income and Deductions Caution: Include only trade or business income and expenses on line la through line 22 below. See the instructions for more information. 1 acmssmmosofsews 20,803,273. bLessretumaanomowanoesa a Balance • lc 20,803,273.00 2 Cost of goods sold (Schedule A, line 8) ® 2 00 3 GROSS PROFIT. Subtract line 2 from line is • 3 20,803,273. 00 4 Total ordinary income from other LLCs, partnerships, and fiduciaries. Attach schedule • 4 00 0 5 Total ordinary loss from other LLCs, partnerships, and fiduciaries. Attach schedule • 5 00 § 6 Total farm profit. Attach federal Schedule F (Form 1040) • 6 00 2 7 Total farm loss. Attach federal Schedule F (Form 1040) • 7 00 8 Total gains included on Schedule D-1, Part II, fine 17 (gain only) • 8 00 9 Total losses included on Schedule 1:1-1, Part II, line 17 (loss only) • 9 00 10 Other income. Attach schedule • 10 00 11 Other loss. Attach schedule SEE STATEMENT 2 • n -156,411.00 12 Total Income (loss). Combine line 3 through line 11 I • 12 20,646,862. 00 13 Salaries and wages (other than to members) 13 12,181,179.00 14 Guaranteed payments to members o 14 00 15 Bad debts • 15 00 16 Deductible interest expense not claimed elsewhere on retum o 16 72. 00 Deductions 17 a car liti norntientreslia. $ 247,572. b tecirsatr ian Kir n d °n $ c Balance • 17c 247,572. oo 18 Depletion. Do not deduct oil and gas depletion 18 00 19 Retirement plans, etc. 19 111,980. 00 20 Employee benefit programs 20 379,739. 00 21 Other deductions. Attach schedule SEE STATEMENT 4 • 21 5,255,086.00 22 Total deductions. Add line 13 through line 21 • 22 18,175,628. 00 23 Ordinary income (loss) from trade or business activities. Subtract line 22 from line 12 • 23 2,471,234.00 Schedule T Nonconsentine Nonresident Members' Tax Liability. Attach additional sheets If necessary. WI WI ,i kW PO 9.9 mcnibara name SSN. UN Dix51balvo Tax Mono's total tax Mr unt.illIdd b/ this 1.19mbor9 Cl FEN <nate 011.1COMO rata ate Oa Instracriana) Ll on tas mint., - not lax an none on Form592-B Total the amount of tax due. Enter the total he e and on Side 1, line 4. If less than zero enter -0- ■ Side 4 Form 568 C 1 2016 - 022i 3674164 r---- EFTA00806272 NEXT MANAGEMENT LLC 13-3495607 629882 12.I5.I8 Schedule K Members' Shares of Income. Deductions. Credits, etc. a 0) Distributive share items Amounts) from California Total amounts using federal K (1065) adjustments Califomia law I Ordinary income (loss) from trade or business activities 1 • 2,500,442. —29,208.V 2,471,234. 2 Not income ginste from'vitalreal estate activities. Attach SONO Fain 8525 2 3 a Gross income (loss) from other rental activities 3a b Less expenses. Attach schedule 3b C Not Income Pass) torn other rental activlbas. Subtract the 3b from line 3.1 3c • 4 Guaranteed payments to members 4 • Income (Loss) 5 Interest income 5 15,968. 32,638. • 48,606. 6 Dividends 6 • 7 Royalties 7 • 8 Net short-term capital gain (loss). Attach Schedule D (568) 8 • 9 Net long-term capital gain (loss). Attach Schedule 0 (568) 9 • 10 a Total San under IRC Section 1231(What Man due lo casualty or thott) 10a • b Total Lora undo( FIC Section 1231 (other iron due to =wiry or theft) 10b • II a Other portfolio income (loss). Attach schedule 11a b Total other income. Attach schedule 1lb c Total other loss. Attach schedule 11c 12 Expense deduction for recovery property (IRC Section 179). Attach schedule STMT $ 12 64,523. -39,523. 25,000. 2 13 a Charitable contributions. Attach schedule STMT $ 13a 12,512. 12,512. a =St b Investment interest expense 13b • = C I Total 'upon:Mures to which IRC Section 59(81election may apply 130 2 Type of expenditures 13c2 d Deductions related to portfolio income 13d e Other deductions. Attach schedule 13e 15 a Withholding on LLC allocated to all members 15a b Low-income housing credit 15b c Credits other than the credit shown on line 15b related to Credits rental real estate activities. Attach schedule 15c d Credits related to other rental activities. Attach schedule 15d e Nonconsenting nonresident members' tax paid by LLC 15e f Other credits. Attach schedule 15f • 17 a Depreciation adjustment on property placed in service after 1986 17a 161. 9,104. 9,265. Alternative b Adjusted gain or loss 17b c Depletion (other than oil and gas) 17c Minimum Tax d Gross income from oil, gas, and geothermal properties 1711 (AMT) items e Deductions allocable to oil, gas, and geothermal properties 17e f Other alternative minimum tax items. Attach schedule 17f 18 a Tax-exempt interest income 18a Other information b Other tax-exempt income 18b • c Nondeductible expenses ...SEE...S.TATEMENT....6. 18c 127,818. 59,949. 187,767. 19 a Distributions of money (cash and marketable securities) 19a 2,250,000. 2,250,000. b Distri3ution of property other than money 19b 20 a Investment income 20a 15,968. 32,638. 48,606. b Investment expenses 20b c Other information. See instructions STMT 7 20c 21 a Total cilseibtnlya income/payment Item. Canting linos 1.2. rid 3c through 40 To iisFrom the result. subtract the sum of thin 12 OfWO 139 21a 2,439,375. 42,953. • 2,482,328. Z. A b Analysis of (a) 04Individual (c) (d) xempt (e) (1) members: Corporate I. Active II. Passive Partnership Organization Nominee/Other LLC Members 2,482,328. 022 3675164 1 Form 566 CI 2016 Side 5 EFTA00806273 NEXT MANAGEMENT LLC 13-3495607 629883 12.15.16 Schedule L Balance Sheets. See the instructions for Schedule L, before completing Schedules L, M-1, and M-2. Assets tiernnning of taxable year and of to able year (a) (b) (c) (d) 1 Cash 3,532,783. 2,895,029. 2 a Trade notes and accounts recebrable 9,290,056. 12,760,240. b Less allowance for bad debts ( 100,000.) 9,190,056.( 100,000.) 12,660,240. 3 Inventories • 4 U.S. government obligations 5 Tax-exempt securities 6 Other current assets. Attach schedule STATEMENT 12 159,432. • 235,194. 7 Mortgage and real estate loans 8 Other investments. Attach schedule STATEMENT 13 83,446. • 224,591. 9 a Buildings and other depreciable assets 4,123,029. 4,187,551. b Less accumulated depreciation ( 3,396,4874) 726,542.( 3,560,781.)• 626,770. 10 a Depletable assets b Less accumulated depletion ( ) ( ) 11 Land (net of any amortization) ..,.) • 12 a Intangible assets (amortizable only) b Less accumulated amortization ( ) ( ) 13 Other assets. Attach schedule STATEMENT 14 3,068,607. • 2,555,716. 14 Total assets 16,760,866. 19,197,540. Liabilities and Capital 15 Accounts payable 12,182,330. *14,451,871. 16 Mortgages, notes, bonds payable in less than 1year • 17 Other current liabilities. Attach schedule STATEMENT 15 1,786,832. 1,384,748. 18 All nonrecourse loans • 19 Mortgages, notes, bonds payable in 1 year or more • 20 Other liabilities. Attach schedule STATEMENT 16 1,620,133. • 1,690,964. 21 Members' capital accounts 1,171,571. • 1,669,957. 22 Total liabilities and capital 16,760,866. 19,197,540. Schedule MA Reconciliation of Income (Loss) Der Books With Income (Loss) Der Return. Use total amount under California law. S e instructions. I Net income (loss) per books 2,748,386. 6 omn“s2 line on G%rit s n gtri...;Ta ma- 2 Income included on Schedule K, line 1 through a Tax-exempt interest line 11c not recorded on books this year. Itemize • b Other $TMT 10 $ 60,281. 3 Guaranteed payments (other than health insurance) c Total. Add line 6a and line 6b 60 281. 4 Expenses recorded on books this year not included 7 Deductions included on Schedule K, Ine 1 on Schedule K, line 1through line 13e. Itemize: through line 13e not charged against book a Depreciation $ 55,231. income this year. Itemize: b Travel and entertainment $ 76,747. a Depreciation $ c Annual LLC tax b other $TMT 11:529,371. d Other $TMT 9 $148 , 663. c Total. Add line 7a and line 7b 529,371. e TotaL Add line 4a through 4d • 280,641. 8 Total. Add line 6c and line 7c 589,652. Income (Ion) (Scedule K. W. 214 5 Total of line 1 through line 4e 3,029,027. 9 Subtext line 8 Rpm line 5 2,439,375. Schedule M-2 Analysis of Members' Capital Ac ounts. Use California amoun s. 1 Balance at beginning of year 1,171,571. 5 Total of line 1through line 4 3,919,957. 2 Capital contributed during year 6 Distributions: a Cash • 2,250,000. a Cash b Property • b Property 7 Other decreases. Itemize 3 Net income (loss) per books 2,748,386. 8 Total of line 6 and line 7 2,250,000. 4 Other increases. Itemize • 9 Balance at end of year. Subtract line 8 from line 5 1,669,957. Schedule 0 Amounts from Liquidation used to Capitalize a Limited Liability Company. (Complete only if initial retum box is checked on Side 1. Question H.) Name of entity liquidated (if more than one, attach a schedule) Type of entity: O (i) C Corporation 0 (2) S Corporation U (3) Partnership LJ (4) Limited Partnership LJ (5) Sole Proprietor U (6) Farmer Entity kientilication winos) FEIN SSN or ITIN Corporation CA SOS Amount of liquidation gains recognized to capitalize the LLC • Side 6 Form 568 C1 2016 022 3676164 I • EFTA00806274 629884 12.15-16 ■ Schedule IW Limited Liability Company (LLC) Income Worksheet Enter your California income amounts on the worksheet. All amounts entered must be assigned for California law differences. Use only amounts that are from sources derived from or attributable to California when completing lines 1-17 of this worksheet if your business is both within and outside of California, see Schedule IW instructions to assign the correct amounts to Califomia. If the LLC is wholly within California, the total income amount is assigned to California and is entered beginning with line la. If the single member LLC (SMLLC) does not meet the 3 million criteria for filing Schedule B (568) and Schedule K (568), the SMLLC is still required to complete Schedule IW. Disregarded entities that do not meet the filing requirements to complete Schedule B or Schedule K should prepare Schedule IW by entering the California amounts attributable to the disregarded entity from the members federal Schedule B, C, D, E, F (Form 1040), or additional schedules associated with other activities. Do not enter amounts on this worksheet that have already been reported by another LLC to determine its tee. See Instructions on page 14 of the Form 568 Booklet for more information on how to complete Schedule IW. 1 a Total California income from Form 568, Schedule B, line 3. See instructions * 18 4,967,002.00 b Enter the California cost of goods sold from Form 568, Schedule B, line 2 and from federal Schedule F (Form 1040) (plus California adjustments) associated with the receipts assigned to Califomia on lines to and 4 lb 00 2 a If the answer to Question LIM on Form 568 Side 2 is 'Yes', include the gross income of this disregarded entity that is not included in lines 1 and 8 through 16 . 0 2a 00 b Enter the cost of goods sold of disregarded entities associated with the receipts assigned to California on line 2a 2b 00 3 a LLC's distributive share of ordinary income from pass-through entities 0 3a 00 b Enter the LLC's distributive share of cost of goods sold from other pass-through entities associated with the receipt assigned to California on line 3a (see Schedule K-ls (565), Table 3, line la) 0 3b 00 c Enter the LLC's distributive share of deductions from other pass-through entities associated with the receipt assigned to California on line 3a (see Schedule K-ls (565), Table 3, line lb) 3c 00 4 Add gross farm income from federal Schedule F (Form 1040). Use California amounts 4 00 5 Enter the total of other income (not loss) from Form 568, Schedule B, line 10 0 5 00 6 Enter the total gains (not losses) from Form 568, Schedule B. line 8 0 6 00 7 Add line la through line 6 ®7 4,967,002. 00 8 California rental real estate a Enter the total gross rents from federal Form 8825, line 18a 0 8a 00 b Enter the total gross rents from all Schedule K-1s (565), Table 3, line 2 0 8b 00 c Add line 8a and line 8b * 8c 00 9 Other California rentals. a Enter the amount from Schedule K (568), line 3a 0 Sa 00 b Enter the amount from all Schedule K-ls (565), Table 3, line 3 S ft 00 c Add lines 9a and 9b @ 9c 00 10 California interest. Enter the amount from Form 568, Schedule K, line 5 0 10 00 11 California dividends. Enter the amount from Form 568, Schedule K, tine 6 0 11 00 12 California royalties. Enter the amount from Form 568, Schedule K, line 7 0 12 00 13 California capital gains. Enter the capital gains (not losses) included in the amounts from Form 568, Sch. K, lines 8 and 9 0 13 00 14 California 1231 gains. Enter the amount of total gains (not losses) from Form 568, Schedule K, line 10a 0 14 00 15 Other California portfolio Income (not lots). Enter the amount from Form 568, Schedule K, line 11a 0 15 00 16 Other California income (not loss) not included in line 5. Enter the amount from Form 568, Schedule K, line 11b 0 16 00 17 Total California Income. Add lines 7, 8c, 9c, 10, 11, 12, 13, 14, 15, and 16. Line 17 may not be a negative number Enter here and on Form 568, Side 1, Line tit less than zero enter -0- 0 17 4,967,002. 00 022i 3677164 I Form 568 Cl 2016 Side 7 ■ EFTA00806275 NEXT MANAGEMENT LLC 13-3495607 CA 568 AMOUNT PAID WITH FORMS 3537, 3522, 3536 STATEMENT 1 DESCRIPTION AMOUNT AMOUNT PAID WITH FORM 3537 14,000. AMOUNT PAID WITH FORM 3522 0. AMOUNT PAID WITH FORM 3536 0. TOTAL TO FORM 568, LINE 6 14,000. CA OTHER LOSS STATEMENT 2 DESCRIPTION AMOUNT FOREIGN EXCHANGE <156,411.> TOTAL TO TRADE OR BUSINESS INCOME SCHEDULE, LINE 11 <156,411.> CA DEPRECIATION AND AMORTIZATION STATEMENT 3 REPORTED REPORTED ON DESCRIPTION ELSEWHERE PAGE 1 DEPRECIATION - TRADE OR BUSINESS 46,519. AMORTIZATION - TRADE OR BUSINESS 201,053. TOTAL TO LINES 17B AND 17C 247,572. CA OTHER DEDUCTIONS STATEMENT 4 DESCRIPTION AMOUNT ADMINISTRATIVE - OTHER 125,542. ADVERTISING 76,268. BANK CHARGES 81,145. CLEANING SERVICE 46,123. COMMISSIONS EXPENSE 1,945,477. COMPUTER EXPENSE 56,901. CONSULTING FEES 530,543. DUES & SUBSCRIPTIONS 11,192. FILING FEES 8,815. INSURANCE 127,474. MEALS AND ENTERTAINMENT 76,748. STATEMENT(S) 1, 2, 3, 4 EFTA00806276 NEXT MANAGEMENT LLC 13-3495607 MODEL EXPENSES 36,973. OFFICE 147,920. OVERHEAD REIMBURSEMENT <1,325,013.> PAYROLL FEES 15,273. POSTAGE & DELIVERY 11,747. PRINTING EXPENSE 52,768. PROFESSIONAL FEES 331,530. SCOUTING EXPENSE 14,890. TELEPHONE EXPENSE 198,608. TRAVEL 758,595. UTILITIES 31,395. RENT 815,645. CA LOCAL BUSINESS TAXES 19,097. FL COMMERCIAL RENT TAX 1,683. NY COMMERCIAL RENT TAX 22,190. PAYROLL TAXES 617,919. CALIFORNIA TAXES - OTHER 800. REPAIRS 416,838. TOTAL TRADE OR BUSINESS OTHER DEDUCTIONS, LINE 21 5,255,086. CA SCHEDULE K CHARITABLE CONTRIBUTIONS STATEMENT 5 DESCRIPTION TYPE AMOUNT CHARITABLE CONTRIBUTIONS (50%) 12,512. TOTAL TO SCHEDULE K, LINE 13A 12,512. CA SCHEDULE K NONDEDUCTIBLE EXPENSES STATEMENT 6 DESCRIPTION AMOUNT ASSESSMENTS 434. EXCLUDED MEALS AND ENTERTAINMENT EXPENSES 76,747. STATE AND LOCAL INCOME/FRANCHISE TAXES - NEW YORK 110,586. TOTAL TO SCHEDULE K, LINE 18C 187,767. STATEMENT(S) 4, 5, 6 EFTA00806277 NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K AGGREGATE GROSS RECEIPTS FOR AMT EXCLUSION STATEMENT 7 DESCRIPTION AMOUNT ACTIVITY: PASSTHROUGH 138,036. GROSS SALES LESS RETURNS 20,803,273. INTEREST 48,606. TOTAL 20,989,915. CA SCHEDULE K EXPENSE DEDUCTION FOR RECOVERY PROPERTY STATEMENT 8 DESCRIPTION AMOUNT OTHER DEPRECIATION 25,000. TOTAL TO SCHEDULE K, LINE 12 25,000. SCHEDULE M-1 EXPENSES RECORDED ON BOOKS NOT DEDUCTED IN RETURN STATEMENT 9 DESCRIPTION AMOUNT ASSESSMENTS 434. NONDEDUCTIBLE EXPENSES FROM PASSTHROUGH 50,637. RENT EXPENSE 84,592. STATE / LOCAL DEFERRED INCOME TAX 13,000. TOTAL TO SCHEDULE M-1, LINE 4 148,663. SCHEDULE M-1 INCOME RECORDED ON BOOKS NOT INCLUDED ON RETURN STATEMENT 10 DESCRIPTION AMOUNT TWO TWELVE MANAGEMENT, LLC 60,281. TOTAL TO SCHEDULE M-1, LINE 6 60,281. STATEMENT(S) 7, 8, 9, 10 EFTA00806278 NEXT MANAGEMENT LLC 13-3495607 SCHEDULE M-1 DEDUCTIONS ON RETURN NOT CHARGED AGAINST BOOKS STATEMENT 11 DESCRIPTION AMOUNT SALARIES AND WAGES 328,318. AMORTIZATION 201,053. TOTAL TO SCHEDULE M-1, LINE 7 529,371. CA SCHEDULE L OTHER CURRENT ASSETS STATEMENT 12 BEGINNING END DESCRIPTION OF TAX YEAR OF TAX YEAR PREPAID EXPENSES 159,432. 235,194. TOTAL TO SCHEDULE L, OTHER CURRENT ASSETS 159,432. 235,194. CA SCHEDULE L OTHER INVESTMENTS STATEMENT 13 BEGINNING END DESCRIPTION OF TAX YEAR OF TAX YEAR INVESTMENT IN TWO TWELVE MANAGEMENT LLC 83,446. 224,591. TOTAL TO SCHEDULE L, OTHER INVESTMENTS 83,446. 224,591. CA SCHEDULE L OTHER ASSETS STATEMENT 14 BEGINNING END DESCRIPTION OF TAX YEAR OF TAX YEAR DEFERRED TAX ASSET 64,000. 51,000. DEPOSITS 43,931. 41,596. DUE FROM AFFLIATES 1,313,624. 827,056. DUE FROM MODELS 1,607,052. 1,596,064. RESTRICTED CASH 40,000. 40,000. TOTAL TO SCHEDULE L, OTHER ASSETS 3,068,607. 2,555,716. STATEMENT(S) 11, 12, 13, 14 EFTA00806279 NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE L OTHER CURRENT LIABILITIES STATEMENT 15 BEGINNING END DESCRIPTION OF TAX YEAR OF TAX YEAR ACCRUED EXPENSES 1,786,832. 1,355,362. CITY ACCRUED TAX 29,386. TOTAL TO SCHEDULE L, OTHER CURRENT LIABILITIES 1,786,832. 1,384,748. CA SCHEDULE L OTHER LIABILITIES STATEMENT 16 BEGINNING END DESCRIPTION OF TAX YEAR OF TAX YEAR ADVANCES FROM AFFLIATES 8,342. 8,342. DEFERRED RENT - LONG TERM 135,009. 222,660. DUE TO RELATED PARTY 1,476,782. 1,459,962. TOTAL TO SCHEDULE L, OTHER LIABILITIES 1,620,133. 1,690,964. STATEMENT(S) 15, 16 EFTA00806280 2016 Pass-Through Entity Ownership EO (568) Name as shown on tax return FEIN NEXT MANAGEMENT LLC 13-3495607 California Secretary of State (SOS) file no. 200506910067 Part I - Partial Ownership List the entitles In which the taxpayer holds ownership of less than 100%. CA Profit and Loss Source Snaring Percentage. Name of Entity CA SOS file no. FEIN Income See Instructions. See instrs. Profit Loss • TWO TWELVE MANAGEMENT, L• •20-1354409 • *0.8000000•0.8000000 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • rare ii - rim vwnersnip ust me oisregaraeo entities in wnicn me taxpayer no us lull ownership el I uvvo. CA Source Name of Entity CA SOS file no. FEIN Income Full Ownership See instrs. • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% • • • • 100% ■ For Privacy Notice, get FT8 1131 ENG/SP. r 22 1 8331164 I Schedule EO (568) 2016 ■ EFTA00806281 SCHEDULE M-3 Net Income (Loss) Reconciliation OMB No 1545.0123 (Form 1065) for Certain Partnerships Depattmeni cil lee Tioar443 Internal Revenue Service ►Attach to Form 1065 or Form 1065-B. IP. Information about Schedule 14-3 (Form 1065) and its instructions is at www.irs.gov/form 1065. 2016 Name of partnership Employer identification number NEXT MANAGEMENT LLC 13-3495607 This Schedule M-3 is being filed because (check all that apply): A Lxi The amount of the partnership's total assets at the end of the tax year is equal to $10 million or more. M The amount of the partnership's adjusted total assets for the year is equal to $10 million or more. If box B is checked, enter the amount of adjusted total assets for the tax year 21,447,540. . C The amount of total receipts for the tax year is equal to $35 million or more. If box Cis checked, enter the total receipts for the tax year D0 An entity that is a reportable entity partner with respect to the partnership owns or is deemed to own an interest of 50 percent or more in the partnership's capital, profit or loss, on any day during t e tax year of the partnership. Maximum Percentage Owned or Name of Reportable Entity Partner Identifying Number Deemed Owned E t I Voluntary Filer Part I Financial Information and Net Income (Loss) Reconciliation 1a Did the partnership file SEC Form 10-K for its income statement period ending with or within this tax year? Yes Skip lines lb and lc and complete lines 2 through 11 with respect to that SEC Form 10-K. W No. Go to line lb. See instructions if multiple non-tax-basis income statements are prepared. b Did the partnership prepare a certified audited non-tax-basis income statement for that period? Yes Skip line lc and complete lines 2 through 11 with respect to that income statement. W No. Go to line lc. c Did the partnership prepare a non-tax-basis income statement for that period? M Yes Complete lines 2 through 11 with respect to that income statement. No. Skip lines 2 through 3b and enter the partnership's net income (loss) per its books and records on line 4a. 2 Enter the income statement period: Beginning 0 1/ 01 / 2016 Ending 12/31/2016 3a Has the partnership's income statement been restated for the income statement period on line 2? I= Yes (If 'Yes,' attach a statement and the amount of each item restated.) M No. b Has the partnership's income statement been restated for any of the five income statement periods immediately preceding the period on line 2? Yes (If 'Yes,' attach a statement and the amount of each item restated.) M No. 4a Worldwide consolidated net income (loss) from income statement source identified in Part I, line 1 4a 2,748,386. b Indicate accounting standard used for line 4a (see instructions): 1 GMP 2 El IFRS 3 704(b) 4 Tax-basis 5 0 Other (specify)Ob. 5a Net income from nonincludtle foreign entities (attach statement) 6a ( b Net loss from nonincludible foreign entities (attach statement and enter as a positive amount) 58 6a Net income from nonincludtle U.S. entities (attach statement) 61 b Net loss from nonincludible U.S. entities (attach statement and enter as a positive amount) 6b 7a Net income (loss) of other foreign disregarded entities (attach statement) 7a b Net income (loss) of other U.S. disregarded entities (attach statement) 78 8 Adjustment to eliminations of transactions between includible entities and nonincludible entities (attach shot) 8 9 Adjustment to reconcile income statement period to tax year (attach statement) 9 10 Other adjustments to reconcile to amount on line 11 (attach statement) 10 11 Net income (loss) per Income statement of the partnership. Combine lines 4a through 10 _ 11 2,748,386. Note. Part I, line 11, must equal Pan II, line 26, column (a) or Schedule M-1, line 1 (see instructions . 12 Enter the total amount (not just the partnership's share) of the assets and liabilities of all entities included or removed on the following lines: Total Assets Total Liabilities a Included on Part I, tine 4 Removed on Part I, line 5 c Removed on Part I. line 6 d Included on Part I. line 7 19,197,540. For Paperwork Reduction Act Notice, see the Instructions for your return. 610991 12.14O8 JWA 17,527,583. 1 Schedule M-3 (Form 1065) 2016 EFTA00806282 TAXABLE YEAR ■ CALIFORNIA SCHEDULE 2016 Apportionment and Allocation of Income R Attach this schedule behind your California tax return and prior to the supporting schedules. For calendar year 2016 or fiscal year beginning month (mmirld/Wyy) 01/01/2016. and ending (mmfdrItyyyy) 12/31/2016. Corporation name csie,,,Acapoodionwm., NEXT MANAGEMENT LLC 13-3495607 Water's-Edge Filers Only: If controlled foreign corporations are included in the combined report, attach form FTB 2416. Complete Schedule R (Side 1 and Side 2) and all applicable Schedules (R-1 through R-7). See General Information for Schedule R. 1 a Net income (loss) after state adjustments from Form 100 or Form 100W, Side 2, line 17; Form 100S, Side 2, line 14; Form 100X, line 4. Form 565 and Form 568 filers: Enter the total of line 1 through line 11c from Schedule K (565 or 568) less the total of line 12 through line 13e from Schedule K (565 or 568) • la 2,482,328. 00 b Water's-edge foreign investment interest offset from form FTB 2424, line 17 • lb 00 e Total. Combine line la and tine lb • lc 2,482,328. 00 Nonbusiness Income (Loss) from All Sources. See General Information A for definitions and examples. 2 Dividends included on line la and not deducted on Form 100, Side 2, tine 11; Form 100W, Side 2, lines llafb; or Form 100S, Side 2, lines 9 and 10 2 00 3 Interest Attach schedule • 3 00 4 Net income (loss) from the rental of property from Schedule R-3, line 3, column (c) • 4 00 5 Royalties. Attach schedule • 5 00 6 Gain (loss) from the sale of assets from Schedule R-4, line 2, column (e) • 6 00 7 Gain (loss) from sale of a nonbusiness interest in a partnership or LLC. Attach sch • 7 00 8 Miscellaneous nonbusiness income (loss). Attach schedule • 8 00 9 Total nonbusiness income (loss). Combine tine 2 through line 8 • g 1 00 Business Income (Loss) before Apportionment (subject to a separate apportionment formula) 10 Nonunitary partnership or LLC business income (loss) • 10 00 11 Income (loss) from a separate trade or business. Attach supplemental Schedule • 11 00 12 Business income (loss) deferred from prior years. See General Information L • 12 00 13 Capital gain (loss) netting subject to separate apportionment. See Gen Information M • 13 00 14 Total separately apportionable business income (loss). Combine line 10 through line 13 • 14 00 15 Tot business inc (loss) subject to apportionment for this trade or business, subtract the sum of in 9 and in 14 from In lc • 15 2,482,328. 00 16 Interest offset from Schedule R-5, line 7 or line 16 (California domiciliaries only) • 16 00 17 Business Income (loss) for this trade or business subject to apportionment Combine line 15 and line 16 • 17 2,482,328. 00 18 a Apportionment percentage from Schedule R-1, Part A, line 2 or Part B, fine 5 0 18a 23.8761 % b Business income (loss) apportioned to California. Multiply line 17 by line 18a • 18b 592,682. 00 Nonbusiness Income (Loss) Allocable to California. If no income (loss) is allocable to California, do not complete line 19 through line 26, enter -0- on line 27 and go to Side 2, line 28. 19 Dividends and interest income (if taxpayers commercial domicile is in California): a Dividends included in line 2 above • 19a 00 b Interest included in line 3 above • 19b 00 20 Net income (loss) from the rental of property within Califomia from Schedule R-3, line 3, column (b) • 20 00 21 Royalties. Attach schedule • 21 00 22 Gain (loss) from the sale of assets within California from Schedule R-4, ine 2, total of column (b) and column (d). Combined reporting groups, see General Information M • 22 00 23 Gain (loss) from sale of a nonbusiness interest in a partnership or LLC. Attach schedule • 23 00 24 Miscellaneous nonbusiness income (loss). Attach schedule • 24 00 25 Total nonbusiness income (loss) allocable to California. Combine line 19a through line 24 • 25 00 26 Interest offset from line 16 allocated to income included on line 19a and line 19b (California domiciliary only). See General information J • 26 00 27 Net nonbusiness income (loss) allocable to California. Subtract ine 26 from line 25 • 27 0.00 ■ 09841/124546 199 I 8011164 I-- Schedule R 2016 Side 1 ■ EFTA00806283 Corporation name CaltiorNacorpootflonnomeci NEXT MANAGEMENT LLC 13-3495607 California Business Income (Loss) subject to a separate apportionment formula. 28 California business income (loss) from a nonunitary partnership or LLC 28 00 29 California income (loss) from a separate trade or business. Attach supplemental schedule R. • 29 00 30 California business income (loss) deferred from prior yrs. See General Information L • 30 00 31 Total business income (loss) separately apportioned to California. Combine line 28 through line 30 • 31 00 Net Income (Loss) for California Purpose 32 Post-apportioned and allocated amounts from capital gain (loss) netting. See General Information M 32 00 93 Net income (loss) for California purposes before contributions adjustment Combine line 18b, 27, 31and 32 • 33 592,682. 00 34 Contributions adjustment from Schedule R-6, line 15 • 34 00 95 Net income (loss) for California purposes. Combine line 33 and line 34. Enter here and on Form 100 or Form 100W, Side 2, line 18 or Form 100S, Side 2, line 15 • 35 592,682. 00 Complete the applicable Schedules R-1 through R-7, starting on Side 3. 639842 i2.I5.16 Side 2 Schedule R 2016 199 I 8012164 EFTA00806284 Corporation name Gaidanra annotation number NEXT MANAGEMENT LLC 13-3495607 Schedule R-1 Apportionment Formula. Part A. Standard Method - Single-Sales Factor Formula. Complete this part only if the corporation uses the single-sales factor formula. ) c) See General Information G and Specific Instructions Total within(aand outside (b) Percent within California California Total withinCalifornia (b) • (a) x 100 1 Sales: Gross receipts, less returns, and allowances a Sales delivered or shipped to California purchasers (i) Shipped from outside California (i) Shipped from within California b Sales shipped from California to: (i) The United States Government (i) Purchasers in a state where the taxpayer is not taxable. • c Total other gross receipts • 21,743,272. CO Sales from services • 5,191,437. (i) Sales or other income from intangibles • (ii)Sales from rental, leasing or licensing of tangible or real property . • (iv)Sales from other gross receipts • 0. d Sales from partnership or LLCs treated as partnerships • • Total sales • 21,743,272.• 5,191,437. 2 Apportionment percentage. Divide total sales column (b) by total sales column (a) and multiply the result by 100. Enter the result here and on Schedule R, Side 1, line 18a. See General Information H • 23.8761% Part B Three-Factor Formula. Complete this part only if the corporation uses the three-factor formula. 01 (I)) (a) Total within and outside Percent ynthin California Total within California California (b) • (a) x 100 I Property: Use tne ;omega yearly value o1 owned real and tangible personal property tad in the business al anginal cost. See General intormellen E. Exclude property not comecied with IN) business and tne value or conSbuCtiOn in prowess Inventory Buildings Machinery and equipment (including delivery equipment) Furniture and fixtures Land Other tangible assets. Attach schedule Rented property used in the business. See General Information E Total property • • • % 2 Payroll: Use employee wages, salaries, commissions, and other compensation related to business income. See General Information F Total payroll • • I* % 3 Sales: Gross receipts, less returns, and allowances. See General Information G and Specific Instructions a Sales delivered or shipped to California purchasers. (i) Shipped from outside California (ii) Shipped from within California b Sales shipped from California to: (i) The United States Government (ii) Purchasers in a state where the taxpayer is not taxable c Total other gross receipts • • Total sales • • • % 4 Total percent Add the percentages in col (c). % 5 Apportionment percentage. Divide line 4 by 3 enter the result here and on Schedule R. Side 1, line 18a. See General Information H • % • 6.30843 la.l5.16 =cri 8013164 I Schedule R 2016 Side 3 EFTA00806285 Ccrporat )r r Gainer.** eOrlflOrtaXin muter NEXT MANAGEMENT LLC 13-3495607 Schedule R-2 Sales and General Questionnaire. Attach additional sheets if necessary. 1 Describe briefly the nature and location(s) of your California business activities: MODELING AGENCY 2 State the exact title and principal business activity of all joint ventures, partnerships, or LLCs in which the corporation has an interest TWO TWELVE MANAGEMENT LLC - PUBLIC RELATIONS 3 Does the California sales figure on Schedule R-1 (or a comparable schedule in a combined report) include all sales shipped from California where the purchaser is the U.S. Govemment? Yes M No If No," explain. NOT APPLICABLE 4 Does the California sales figure on Schedule R-1 (or a comparable schedule in a combined report) include all sales shipped from California to states in which the taxpayer is not subject to tax? See General Information G and Specific Instructions. OYes ®No If 'No,' explain. NOT APPLICABLE 5 Did the taxpayer use reasonable approximation to assign sales under Schedule R-1, Part A, line 1c (i)-(iv)9 • LJ Yes LXJ No If 'Yes; provide a brief description. 6 Are the nonbusiness items reported on Schedule R, Side 1, line 2 through line 8, and the apportionment factor items reported on Schedule R-1 treated consistently on all state tax returns filed by the taxpayer? M Yes 0 No If 'No,' explain. 7 Has this corporation or any member of its combined unitary group changed the way income is apportioned or allocated to California from prior year tax returns? See General Information I. 0 Yes M No If -Yes; explain. 8 Does the California sales figure on Schedule R-1 (or comparable sch in a combined report) include all sales shipped to California destinations? L_Nes LXJNo If 'No,' indicate the name of the selling member and the nature of the sales activity believed to be immune. NOT APPLICABLE NOT APPLICABLE 9 Does the California sales figure on Schedule R-1 (or comparable schedule in a combined report) include all sales delivered to customers outside California which have an ultimate destination in California?C Yes ®No If to; explain. NOT APPLICABLE Schedule R-3 Net Income (Loss) from the Rental of Nonbusiness Property ( (b) Totala) outside Total within Total outside ) and California California within California (a) r (b) I Income from rents 2 Rental deductions 3 faiinromeaosslfromrtnisSalraelMe2bosine1.Eulatienaglasaal eitencrirttlirSnlimfrmecowynnINcnSectim20 0 0 Schedule R-4 Gain (Loss) from The Sale of Nonbusiness Assets California sales of nonbusiness assets include transactions involving (1) real property located in California; (2) tangible personal property, if it had a situs in California at the time of sale, or if the corporation is commercially domiciled in California and not taxable in the state where the property had a situs at the time of sale; and (3) intangible personal property if the corporation's commercial domicile is in California or the income is otherwise allocable to California. Description of properly sold Real estate and other tangible assets Intangible assets Total a c e Gain (loss) from Gain oss) from Gain ( ss) from Gain loss) from Gal ss) outside California within California outside California within California (a) + (b) •(c) • (d) 1 0 0 @ 0 0 0 0 C) 0 0 ® 0 0 0 0 2 Total gain (loss) .. ® 0 0 0 0 Enter total gain (loss) line 2, column (e) on Side 1, line 6 and enter total of line 2, column (b) an (d) on Side 1, line 22 emu ■ 01.03.17 Side 4 Schedule R 2016 frri 8014164 EFTA00806286 629931 11.17-16 TAXABLE YEAR CALIFORNIA FORM 2016 Depreciation and Amortization U 3885L Name as shown on return cammiasecway isweisosoiktm 200506910067 FEIN NEXT MANAGEMENT LLC 13-3495607 Assets and intangibles placed in service during the 2016 taxable year: Depreciation of assets Amortization of property itil ar 01 (c) WaW 00 M KO 011 II) Doctspa:sn n• iroptrly Dateer&rood in svice Coss a Win Wear Deprociation sc. Cocks Poirl0sl Annettrallal I* innissid/YYYV) balls gon rage INS year boctiOn Or peroentogi Ole Yee' ClopeCtati 195 OFFICE EQUIPMENT (CA) 04/26/2016 4,927.200DB 5.00 0. 196 LEASEHOLD IMPROVEMENT (CA) 01/05/2016 11,130.150DB 15.00 0. 197 LEASEHOLD IMPROVEMENT (CA) 03/23/2016 25,305.150DB 15.00 818. 198 LEASEHOLD IMPROVEMENT (CA) 06/14/2016 10,561.150DB 15.00 528. 199 LEASEHOLD IMPROVEMENT (MET) 05/28/2016 12,600.150DB 15.00 630. 1 Enter line 1, column (f and column (i) totals 1 1,976. Depreciation Be sure to make adjustments for any basis differences when calculating depreciation. 2 California depreciation for assets placed in service beginning before the 2016 taxable year 2 44,543. 3 Total California depreciation. Add line 1(f) and line 2 46,519. Amortization Be sure to make adjustments for any basis differences when calculating amortization. 4 California amortization for intangibles placed in service beginning before the 2016 taxable year 4 201,053. 5 Total California amortization. Add line 1(i) and line 4 5 201,053. 6 Total depreciation and amortization. Add line 3 and line 5. Enter the total here and on Form 568, Schedule B, line 17a, if from a trade or business, or on federal Form 8825, line 14, if from rental real estate activities 6 247,572. 7 IRC Section 179 expense deduction from line 12 of the worksheet in the instructioiSTMT 1.7 7 25,000. 8 Carryover of disallowed deduction to 2017 from line 13 of the worksheet in the instructions 8 022i 7651164 r FTB 3885L 2016 EFTA00806287 NEXT MANAGEMENT LLC 13-3495607 CA FORM 3885 IRC SECTION 179 WORKSHEET FOR LINES 7 AND 8 STATEMENT 17 1 MAXIMUM DOLLAR LIMITATION 25,000. 2 TOTAL COST OF IRC 179 PROPERTY PLACED IN SERVICE 64,523. 3 THRESHOLD COST OF IRC 179 PROPERTY PLACED IN SERVICE 200,000. 4 REDUCTION IN LIMITATION. LN 2 - LN 3. 0. 5 DOLLAR LIMITATION FOR TAXABLE YEAR. LN 1 - LN 4. 25,000. 6 ELECTED COST OF NONLISTED PROPERTY 25,000. 7 ELECTED COST OF LISTED PROPERTY 0. 8 TOTAL ELECTED COST OF IRC 179 PROPERTY. LN 6 + LN 7. 25,000. 9 TENTATIVE DEDUCTION. SMALLER OF LN 5 OR LN 8. 25,000. 10 CARRYOVER OF DISALLOWED DEDUCTION FROM PRIOR YEAR 0. 11 INCOME LIMITATION. SMALLER OF LN 5 OR TOB INCOME. 25,000. 12 IRC 179 EXPENSE. LN 9 + LN 10, NOT MORE THAN LN 11 25,000. 13 CARRYOVER OF DISALLOWED DEDUCTION. LN 9 + LN 10 - LN 12. 0. ENTER LINE 12 ON FORM 3885P / 3885L LINE 7 ENTER LINE 13 ON FORM 3885P / 3885L LINE 8 STATEMENT(S) 17 EFTA00806288 CA 04AS No. 1545.0172 Depreciation and Amortization Form 4562 (Including Information on Listed Property) OTHER 2016 Department of Ito TroattaY ► Attach to your tax return. Altachniont interne/ Revalue Service (2) ► Information about Form 4562 and its separate nstruetions is at www.irs.gov/fotm4562. Sequence No 179 Namels) Shown on mum litisirtr.s c ao Way 10 Atich this form ceialos toontrying number NEXT MANAGEMENT LLC OTHER DEPRECIATION 13-3495607 Part I I Election To Expense Certain Property Under Section 179 Note: if you have any listed property. complete Part V before you complete Part I. 1 Maximum amount (see instructions) 1 25,000. 2 Total cost of section 179 property placed in service (see instructions) 2 64,523. 3 Threshold cost of section 179 property before reduction in limitation 3 200,000. 4 Reduction in limitation. Subtract Ina 3 from line 2. If zero or less, enter'} 4 5 Dollar Imitation (Or VW year. Subtract Ilno 4 tom line I. N Zere a lea enter -0-. II roamed Inni) 'seaway. Sae InatruCtUrn 5 25,000. 6 IN0.9crIptIon 01poverty Nl cost IbtOlOSS us. only) FlOCtad eWt SEE STATEMENT 18 64,523. 25,000. 7 Listed property. Enter the amount from line 29 7 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 8 25,000. 9 Tentative deduction. Enter the smaller of line 5 or line 8 9 25,000. 10 Carryover of disallowed deduction from line 13 of your 2015 Form 4562 10 11 Business income limitation. Enter the smaller of business income (not less than zero) or lie 5 11 25,000. 12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11 12 25,000. 13 Carryover of disallowed deduction to 2017. Add lines 9 and 10. less line 12 ,, ,,, , 13 Note: Don't use Part II or Part III below for listed property. Instead. use Part V. I Part II I Special Depreciation Allowance and Other Depreciation (Don't include listed property.) 14 Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year 14 15 Property subject to section 168(f)(1) election 15 16 Other depreciation (including ACRS) 18 25,934. I Part III I MACRS Depreciation (Don't include listed property.) (See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2016 17 I 18,609. 18 It you era electing to gaup any assets placed Si SWAM Deno the tax yaar nto ono a rncio Wend a4.901 accounts. Check hero .. ► n Section B - Assets Placed In Service During 2016 Tax Year Using the Gene al Depreciation System Ito Mann and IC)Bays ICI deprecation Id) SOCCreny IS Classdicatton Cl proporly 'JEW Paced ccusinasonvostmont use IWICon (e) Convention It) tiolttcd I9I Datt•OCIatIC0 deduction in sintICO Only • sae instructions) 19a Syear property b 5-year property c 7-year property d 10.year property e 15.year property 39,523. 15 YRS. HY 150DB 1,976. f 20-year property g 25-year property 25 yrs. St / 27.5 yrs. MM St h Residential rental property / 27.5 er s. MM St / 39 yrs. MM St I Nonresidential real property / MM St Section C - Assets Placed In Service During 2016 Tax Year Using the Alternative Depreciation System 20a Class life Sit b 12-year 12 yrs. Sit c 40.year / 40 yrs. MM Sit Part IV I Summary (See instructions.) 21 Listed property. Enter amount from line 28 21 22 Total. Add amounts from line 12. lines 14 through 17, Ines 19 and 20 in column (g). and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations • see instr. 22 46,519. 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs 23 615251 17-2I-16 LHA For Paperwork Reduction Act Notice, see separate instructions. Form 4562 (2016) EFTA00806289 Form 4562J2016) NEXT MANAGEMENT LLC 13-3495607 Page 2 I Part V I Listed Property (Include automobiles, certain other vehicles, certain aircraft, certain computers, and property used for entertainment. recreation. or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b. columns (a) through (c) of Section A. all of Section B. and Section C if applicable. Section A - Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.) 24a Do you have evidence to s pport the business/investment use claimed? LJ Yes L_I No 24b If 'Yes.' is the evidence written', L_I Yes Li No (a) (b) (c) (d) (e) M W) (h) M Type of property Date Business/ or Baas ion:loemcrauon Recovery Depreciation Elected placed in investment Cost period (list vehicles first) other basis Otoinosstinmatmont Convention deduction section 179 service use percentage 14B only) cost 25 Special depreciation allowance for qualified listed property placed in service during the tax year and used more than 50% in a qualified business use 25 26 Property used more than 50% in a qualified business use: 27 Property used 50% or less in a qualified business use: S/L • S/L • 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 1 28 29 Add amounts in column line 26. Enter here and on tine 7. 1 1 29 Section B - Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor. partner, or other "more than 5% owner," or related person. If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles. (a) (b) (e) (d) (e) M 30 Total business/investment miles driven during the Vehicle Vehicle Vehicle Vehicle Vehicle \retitle year (don'tinclude commuting miles) 31 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles driven 33 Total miles driven during the year. Add Ines 30 through 32 34 Was the vehicle available for personal use Yes No Yes No Yes No Yes No Yes No Yes No during off•cluty hours? 35 Was the vehicle used primarily by a more than 5% owner or related person? 36 Is another vehicle available for personal use? Section C • Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who aren't more than 5% owners or related persons. 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your OS N employees? 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners 39 Do you treat all use of vehicles by employees as personal use? 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? 41 Do you meet the requirements concerning qualified automobile demonstration use? Note: If answer to 37, 38, 39, 40, or 41 is 'Yes," don' complete Section B for the covered vehicles I Part VI Amortization (a) (b) (c) (d) (e) I) (Newtown of coat* Dat mulatto° Mmanabla Coda Anonatnn AillentlatIOn Wits amount "coon WOO of ICI !Ns yaw 42 Amortization of costs that begins during your 2016 tax year 43 Amortization of costs that began before your 2016 tax year 43 201,053. 44 Total. Add amounts in column (f). See the instructions for where to report 44 201,053. 616252 12-21.16 Form 4562 (2016) EFTA00806290 NEXT MANAGEMENT LLC 13-3495607 FORM 4562 PART I - SECTION 179 EXPENSE STATEMENT 18 (C) (A) (B) ELECTED DESCRIPTION OF PROPERTY COST COST OFFICE EQUIPMENT (CA) 4,927. 4,927. LEASEHOLD IMPROVEMENT (CA) 11,130. 11,130. LEASEHOLD IMPROVEMENT (CA) 25,305. 8,943. LEASEHOLD IMPROVEMENT (CA) 10,561. 0. LEASEHOLD IMPROVEMENT (MET) 12,600. 0. TOTAL TO FORM 4562, PART I, LINE 6 64,523. 25,000. STATEMENT(S) 18 EFTA00806291 RECONCILIATION OF CALIFORNIA ORDINARY CA TOB REC INCOME TO FEDERAL ORDINARY INCOME 2016 NAME EMPLOYER ID NEXT MANAGEMENT LLC 13-3495607 DESCRIPTION FEDERAL CALIFORNIA DIFFERENCE 1A GROSS RECEIPT OR SALES 20,803,273. 20,803,273. 1 B LESS RETURNS AND ALLOWANCES 1C BALANCE (LINE IA - 1B) 20,803,273. 20,803,273. 2 COST OF GOODS SOLD AND/OR OPERATIONS 3 GROSS PROFIT (LINE IC - 2) 20,803,273. 20,803,273. 4 ORDINARY INCOME (LOSS) FROM OTHER PARTNERSHIPS AND FIDUCIARIES 137,818. 137,818. 5 NET FARM PROFIT (LOSS) 6 NET GAIN (LOSS) FROM FORM 4797 OR FORM D-1 7 OTHER INCOME (LOSS) <156,411.> <156,411.> 8 TOTAL INCOME (LOSS)(COMBINE LINES 3 THROUGH 7) 20,784,680. 20,646,862. 137,818. 9 SALARIES AND WAGES 12,181,179. 12,181,179. 10 GUARANTEED PAYMENTS 11 REPAIRS 416,838. 416,838. 12 BAD DEBTS 13 RENT 815,645. 815, 45. 14 TAXES 772,275. 661,689. 110,586. 15 DEDUCTIBLE INTEREST EXPENSE NOT CLAIMED ELSEWHERE 72. 72. 16 DEPRECIATION 44,543. 247,572. <203,029. 17 DEPLETION 18 RETIREMENT PLANS, ETC 111,980. 111,980. 19 EMPLOYEE BENEFIT PROGRAMS 379,739. 379,739. 20 OTHER DEDUCTIONS 3,561,967. 3,360,914. 201,053. 21 TOTAL DEDUCTIONS (ADD LINE 9 THROUGH 20) 18,284,238. 18,175,628. 108,610. 22 ORDINARY INCOME (LOSS) (SUBTRACT LINE 21 FROM 8) 2,500,442. 2,471,234. 29,208. 629231 04-01.15 24 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806292 RECONCILIATION OF CALIFORNIA CA REC SOURCE AMOUNT 2016 NAME EMPLOYER ID NEXT MANAGEMENT LLC 13-3495607 CALIFORNIA NON-CALIFORNIA CALIFORNIA DESCRIPTION SCHEDULE K AMOUNT SOURCE AMOUNT SOURCE AMOUNT 1 Ordinary Income (loss) from trade or business activities 2,471,234. 1,881,201. 590,033. 2 Net Income (loss) from rental real estate activities 3 Net income (loss) from other rental activities 4 Guaranteed payments to partners 5 Interest Income 48,606. 48,606. 6 Dividends 7 Royalties 8 Net short-term capital gain (loss) 9 Net long-term capital gain (loss) 10 a Total Gain under IRC Section 1231 (other than due to casualty or theft) b Total Loss under IRC Section 1231 (other then due to casualty or theft) 11 a Other portfolio income (loss) b Total other income e Total other loss 12 Expense deduction for recovery properly (IRC Section 179) 25,000. 19,031. 5,969. 13 a Charitable contributions: i) 50% Limit 12,512. 12,512. ii) 30% Limit ii) 20% Limit b Investment interest expense c Section 59(e) expenditures d Deductions related to portfolio income e Other deductions 17 a Depreciation adjustment on property in service after 1986 9,265. 7,053. 2,212. b Adjusted gain or (loss) c Depletion (other than oil and gas) d Gross income from oil, gas, and geothermal properties e Deductions allocable to oil, gas, and geothermal properties f Other alternative minimum tax items 18 a Tax-exempt interest income b Other tax-exempt income c Nondeductible expenses 187,767. 142,936. 44,831. 20 a Investment income 48,606. 48,606. 0 Investment expenses 629241 044)1.16 25 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806293 1 629421 11.23.16 TAXABLE YEAR CALIFORNIA SCHEDULE Member's Share of Income, 2016 Deductions, Credits, etc. K-1 (568) TYB 01-01-2016 TYE 12-31-2016 13-3508513 CLAXON INC C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK NY 10013 13-3495607 200506910067 NEXT MANAGEMENT LLC 15 WATTS STREET 6TH FLOOR NEW YORK NY 10013 A What type of entity is this member?* (1) 0 Individual (4) M C Corporation (7) 0 LLP (10) 0 Exempt Organization (2) 0 S Corporation (8) 0 General Partnership (8) 0 LLC (11) 0 Disregarded Entity (3) 0 Estate/Trust (6) 0 Limited Partnership (9) 0 IRA/Keogh/SEP B Is this member a foreign member? • 0 Yes M No C Enter members percentage (without regard to special allocations) of: (I) Before decrease (II) End of year or temiinaton Profit sharing 42.0000 g• 42.0000 ci Loss sharing 42.0000 g• 42.0000 ci Ownership of capital 42.0000 42.0000 ci 13 Member's share of liabilities: Nonrecourse • S 402,290 ci Qualified nonrecourse financing • S 00 Other • S 7,543,181 00 E Reportable transaction or tax shelter registration number(s) F (1) Check here if this is a publicly traded partnership as defined in IRC Section 469(0(2) ® Li (2) Check here if this is an investment partnership (R&TC Sections 17955 and 23040.1) 0 G Check here if this is: • (1) C A final Schedule K•1 (568) (2) 0 An amended Schedule K•1 (568) H Is this member a resident of California? • 0 Yes II, M No For Privacy Notice, get FIB 1131 ENG/SP. M( 21 2 7901164 I Schedule K•1 (568) 2016 Side 1 1 EFTA00806294 1 629477 11-23.16 Members name Members identifying number ICLAXON INC C/O NEXT MANAGEMENT LLC 13-3508513 I Analysis of members capital account: Check the box • (1) al Tax Basis (2) GAAP (3) Section 704(b) Book (4) Other (explain) la) .1,(1es,...,..n. Caplui account al oo3inning of yam RI) Capital oconbuiad Outing 21001 lo) latintaes abate of one 3. line 4. and withcfrawais i e) Capital account at and of year. lino T. Form 568. Schadula M.2 combine column (a) trough Column (dl • 492,058. • • 1,154,322.•( 945,000.) • 701,380. caution: Hater to member s instructions ror Jcnealie Is-i iota) oetore entemg imormation worn tnis scneatne on your uarromia return. (a (b) (c) (d) (e) Distributive share items Amounts from California Total amounts using California federal Schedule Icl adjustments California law. Combine source amounts (1065) col. (b) and col. (c) and credits where applicable 1 Ordinary Income (loss) from trade or business activities 1,050,186. -12,268. • 1,037,918. P. 247,814. 2 Net Income (loss) from rental real estate activities • Po 3 Net Income (loss) from other rental activities 0 ® 4 Guaranteed payments to members • ll• 5 Interest income 6,707. 13,708. • 20,415. lo. 6 Dividends • ll• Income (Loss) 7 Royalties • ll• 8 Net short-term capital gain (loss) • ll• 9 Net long-term capital gain (loss) • ll• 10 a Total gain under IRC Section 1231 (other than due to casualty or theft) • ll• b Total loss under IRC Section 1231 (other than due to casualty or theft) • ll• 11 a Other portfolio income (loss). Attach schedule • ll• b Total other Income • ll• c Total other loss • Ilab 12 Expense deduction for recovery prop. (IRC Section 179) STMT 27,100. -16,600. 10,500. 2,507. 13 a Charitable contributions STM 5,255. 5,255. b Investment interest expense i e 1 Total expenditures to which an IRC 0 Section 59(e) election may apply . 2 Type of expenditures d Deductions related to portfolio income e Other deductions ■ Side 2 Schedule KA (568) 2016 022 7902164 I ■ EFTA00806295 1 62947311.23-16 Members name Members identifying number ICLAXON INC C/O NEXT MANAGEMENT LLC 13-3508513 (a) 4 Amounts from California rO (0 Total amounts using le) California Distributive share items federal Schedule K.1 adjustments California law. Combine source amounts (1065) col. (b) and col. (c) and credits 15 a Total withholding (equals amount on Form 592-8 if calendar year LLC) • In, b Low-income housng credit c Credits other than line 15b related to is rental real estate activities o 3 d Credits related to other rental activities e Nonconsenting nonresident member% tax paid by LLC I Other credits • Attach required schedules or statements AL 17 a Depreciation adjustment on property placed in service after 1986 68. 3,824. (i.., 3,892. 0 929. Alternative Minimum Tax b Adjusted gain or loss c Depletion (other than oil & gas) (AMT) Items d Gross income from oil, gas, and geothermal properties e Deductions allocable to oil, gas, and geothermal properties I Other alternative minimum tax items lanteTTAINO 18 a Tax-exempt interest income b Other tax-exempt income litre:, c Nondeductible expenses . . . STMT 53,684. 25,178. 78,862. 18,829. 8 19 a Distributions of money (cash and 1 0 tr., z marketable securities) 945,000. (!) 945,000. P L, a b Distributions of property other than money ® S 20 a Investment income 6,707. 13,708. 20,415. la 5E OS b Investment expenses c e Other information. See instructions ■ 022 7903164 I Schedule K 1 (568) 2016 Side 3 1 EFTA00806296 1 629424 11-n.16 Members name Members Identifying number ICLAXON INC C/O NEXT MANAGEMENT LLC 13-3508513 Other Member Information Table 1 Member's share of nonbusiness income from intangibles (source of income is dependent on residence or commercial domicile of the member): Interest $ Sec. 1231 Gainsiosses $ Capital Gains/Losses $ Dividends $ Royalties Other FOR USE 8Y MEMBERS ONLY • See instructions. Table 2 Member's share of distributive items. A. Members share of the LLC's business income. See instructions. $ B. Member's share of nonbusiness income from real and tangible personal property sourced or allocable to California. Capital Gains/Losses $ Rents/Royalties $ Sec. 1231 GainstLosses $ Other C. Member's distributive share of the LLC's property, payroll, and sales: Factors Total within and outside California Total within California Property: Beginning Property: Ending Property: Annual rent expense , , Payroll Sales ■ Side 4 Schedule K•1 (568)2016 022 7904164 EFTA00806297 NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K-1 CHARITABLE CONTRIBUTIONS AMOUNT DESCRIPTION AMOUNT CA SOURCE CHARITABLE CONTRIBUTIONS - 50 PERCENT LIMIT 5,255. TOTAL TO SCHEDULE K-1, LINE 13A 5,255. CA SCHEDULE K-1 EXPENSE DEDUCTION FOR RECOVERY PROPERTY DESCRIPTION AMOUNT IRC SECTION 179 EXPENSE 10,500. TOTAL TO SCHEDULE K-1, LINE 12 10,500. CA SCHEDULE K-1 COLUMN C RECONCILIATION DESCRIPTION AMOUNT ORDINARY INCOME (LOSS) 1,050,186. INTEREST INCOME 6,707. SECTION 179 EXPENSE <27,100.> CHARITABLE CONTRIBUTIONS <5,255.> AMORTIZATION ON RETURN AND NOT ON BOOKS 84,442. DEPRECIATION ON BOOKS AND NOT ON RETURN <23,197.> NONDEDUCTIBLE EXPENSES <53,684.> RENT EXPENSE <35,529.> SALARIES AND WAGES 137,894. STATE / LOCAL DEFERRED INCOME TAX <5,460.> TWO TWELVE MANAGEMENT, LLC 25,318. TOTAL TO SCHEDULE K-1 ANALYSIS OF CAPITAL ACCOUNT, COLUMN C 1,154,322. CA SCHEDULE K-1 NONDEDUCTIBLE EXPENSES DESCRIPTION AMOUNT ASSESSMENTS 182. EXCLUDED MEALS AND ENTERTAINMENT EXPENSES 32,234. STATE INCOME/FRANCHISE TAXES 46,446. TOTAL TO SCHEDULE K-1, LINE 18C 78,862. PARTNER NUMBER 1 EFTA00806298 2 629421 11.23.16 TAXABLE YEAR Member's Share of Income, ■ CALIFORNIA SCHEDULE 2016 Deductions, Credits, etc. K-1 (568) TYB 01-01-2016 TYE 12-31-2016 13-3501977 PARTNERSHIP HOLDING CORP C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK NY 10013 13-3495607 200506910067 NEXT MANAGEMENT LLC 15 WATTS STREET 6TH FLOOR NEW YORK NY 10013 A What type of entity is this member?* (1) 0 Individual (4) 0 C Corporation (7) 0 LLP (10) 0 Exempt Organization (2) MI S Corporation (6) 0 General Partnership (8) 0 LLC (11) 0 Disregarded Entity (3) 0 Estate/Trust (6) 0 Limited Partnership (9) 0 IRA/Keogh/SEP B Is this member a foreign member? • El Yes M No C Enter members percentage (without regard to special allocations) of: (I) Before decrease (II) End of year or temiinaton Profit sharing 31.0000 31.0000 Loss sharing 31.0000 31.0000 Ownership of capital 31.0000 31.0000 13 Member's share of liabilities: Nonrecourse • S 296,929 00 Qualified nonrecourse financing • S 00 Other • S 5,567,586 00 E Reportable transaction or tax shelter registration number(s) F (1) Check here if this is a publicly traded partnership as defined in IRC Section 469(0(2) ® (2) Check here if this is an investment partnership (R&TC Sections 17955 and 23040.1) 0 0 G Check here if this is: • (1) l= A final Schedule K•1 (568) (2) 0 An amended Schedule K•1 (568) H Is this member a resident of California? • El Yes II, M No For Privacy Notice, get FIB 1131 ENG/SP. M( 2 21 7901164 I Schedule K•1 (568) 2016 Side 1 2 EFTA00806299 2 62947? 11.23.16 Members name Members identifying number PARTNERSHIP HOLDING CORP. C/O NEXT MA 13-3501977 I Analysis of members capital account: Check the box • (1) LxJ Tax Basis (2) 0 GAAP (3) Section 704(b) Book (4) Other (explain) (a) Cadtd account al Donning of yaw (b) Capital ocotibutaci Outing Mar (c) Morctia'S share of Ina 3. pro 4, and withcfrawais Naes,...,..n. e) ( newayom. cammamoun lino T, Form 568. Scheoldo M.2 combine column (a) through titan (di • 363,187. • • 852,000.0( 697,500.) • 517,687. caution: Hater to member s instructions ror Jcnealle Is-i iota) oetore entemg imormation worn tots scneatne on your uarromia return. (a (b) (c) (d) (e) Distributive share items Amounts from California Total amounts using California federal Schedule Icl adjustments California law. Combine source amounts (1065) col. (b) and col. (c) and credits where applicable 1 Ordinary income (loss) from trade or business activities 775,137. -9,054. • 766,083. II. 182,910. 2 Net income (loss) from rental real estate activities • la, 3 Net income (loss) from other rental activities ® 04 4 Guaranteed payments to members • ll• 5 Interest income 4,950. 10,117. • 15,067. Illi. 6 Dividends • ll• Income (Loss) 7 Royalties • ll• 8 Net short-term capital gain (loss) • ll• 9 Net long-term capital gain (loss) • ll• 10 a Total gain under IRC Section 1231 (other than due to casualty or theft) • ll• b Total loss under IRC Section 1231 (other than due to casualty or theft) • ll• 11 a Other portfolio income (loss). Attach schedule • ll• b Total other income • ll• c Total other loss • ll• 12 Expense deduction for recovery prop. (IRC Section 179) STMT 20,002. -12,252. 7,750. 1,850. 13 a Charitable contributions STMT 3,879. 3,879. b Investment interest expense i e 1 Total expenditures to which an IRC O Section 59(e) election may apply . 2 Type of expenditures d Deductions related to portfolio income e Other deductions ■ Side 2 Schedule K 1 (568) 2016 022 7902164 I ■ EFTA00806300 2 62947311.23-16 Members name Members identifying number PARTNERSHIP HOLDING CORP. C/O NEXT MA 13-3501977 (a) b) (0 le) Amounts from California rO Total amounts using California Distributive share items federal Schedule K.1 adjustments California law. Combine source amounts (1065) col. (b) and col. (c) and credits 15 a Total withholding (equals amount on Form 592-8 if calendar year LLC) • In, b Low-income housing credit c Credits other than line 15b related to is rental real estate activities o 3 d Credits related to other rental activities e Nonconsenting nonresident member% tax paid by LLC I Other credits • Attach required schedules or statements AL 17 a Depreciation adjustment on property placed in service after 1986 50. 2,822. • 2,872. • 686. Alternative Minimum Tax b Adjusted gain or loss c Depletion (other than oil & gas) (AMT) Items d Gross income from oil, gas, and geothermal properties e Deductions allocable to oil, gas, and geothermal properties I Other alternative minimum tax items lanteTTAINO 18 a Tax-exempt interest income b Other tax-exempt income litre:, c Nondeductible expenses . . . STMT 39,623. 18,585. 58,208. 13,898. 8 19 a Distributions of money (cash and 1 0 tr., z marketable securities) 697,500. Q0 697,500. 0 L, a b Distributions of property other than money ® S 20 a Investment income 4,950. 10,117. 15 067. la 5£ Os b Investment expenses c e Other information. See instructions STMT ■ 022 7903164 I Schedule K 1 (568) 2016 Side 3 2 EFTA00806301 2 629424 11-n.16 Members name Members Identifying number PARTNERSHIP HOLDING CORP. C/O NEXT MA 13-3501977 Other Member Information Table 1 Member's share of nonbusiness income from intangibles (source of income is dependent on residence or commercial domicile of the member): Interest $ Sec. 1231 Gainsiosses $ Capital Gains/Losses $ Dividends $ Royalties Other FOR USE 8Y MEMBERS ONLY • See instructions. Table 2 Member's share of distributive items. A. Members share of the LLC's business income. See instructions. $ B. Member's share of nonbusiness income from real and tangible personal property sourced or allocable to California. Capital Gains/Losses $ Rents/Royalties $ Sec. 1231 GainstLosses $ Other C. Member's distributive share of the LLC's property, payroll, and sales: Factors Total within and outside California Total within California Property: Beginning Property: Ending Property: Annual rent expense , , Payroll Sales ■ Side 4 Schedule K•1 (568)2016 022 7904164 EFTA00806302 NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K-1 CHARITABLE CONTRIBUTIONS AMOUNT DESCRIPTION AMOUNT CA SOURCE CHARITABLE CONTRIBUTIONS - 50 PERCENT LIMIT 3,879. TOTAL TO SCHEDULE K-1, LINE 13A 3,879. CA SCHEDULE K-1 EXPENSE DEDUCTION FOR RECOVERY PROPERTY DESCRIPTION AMOUNT IRC SECTION 179 EXPENSE 7,750. TOTAL TO SCHEDULE K-1, LINE 12 7,750. CA SCHEDULE K-1 COLUMN C RECONCILIATION DESCRIPTION AMOUNT ORDINARY INCOME (LOSS) 775,137. INTEREST INCOME 4,950. SECTION 179 EXPENSE <20,002.> CHARITABLE CONTRIBUTIONS <3,879.> AMORTIZATION ON RETURN AND NOT ON BOOKS 62,327. DEPRECIATION ON BOOKS AND NOT ON RETURN <17,122.> NONDEDUCTIBLE EXPENSES <39,623.> RENT EXPENSE <26,223.> SALARIES AND WAGES 101,778. STATE / LOCAL DEFERRED INCOME TAX <4,030.> TWO TWELVE MANAGEMENT, LLC 18,687. TOTAL TO SCHEDULE K-1 ANALYSIS OF CAPITAL ACCOUNT, COLUMN C 852,000. CA SCHEDULE K-1 NONDEDUCTIBLE EXPENSES DESCRIPTION AMOUNT ASSESSMENTS 135. EXCLUDED MEALS AND ENTERTAINMENT EXPENSES 23,791. STATE INCOME/FRANCHISE TAXES 34,282. TOTAL TO SCHEDULE K-1, LINE 18C 58,208. PARTNER NUMBER 2 EFTA00806303 NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K-1 AGGREGATE GROSS RECEIPTS FOR AMT EXCLUSION DESCRIPTION AMOUNT GROSS SALES LESS RETURNS 6,830,554. INTEREST 15,067. TOTAL 6,845,621. PARTNER NUMBER 2 EFTA00806304 3 629421 11.23.16 TAXABLE YEAR CALIFORNIA SCHEDULE Member's Share of Income, 2016 Deductions, Credits, etc. K-1 (568) TYB 01-01-2016 TYE 12-31-2016 13-3682060 THE WILCOR GROUP INC C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK NY 10013 13-3495607 200506910067 NEXT MANAGEMENT LLC 15 WATTS STREET 6TH FLOOR NEW YORK NY 10013 A What type of entity is this member?* (1) 0 Individual (4) 0 C Corporation (7) 0 LLP (10) 0 Exempt Organization (2) MI S Corporation (6) 0 General Partnership (8) 0 LLC (11) 0 Disregarded Entity (3) 0 Estate/Trust (6) 0 Limited Partnership (9) 0 IRA/Keogh/SEP B Is this member a foreign member? • El Yes M No C Enter members percentage (without regard to special allocations) of: (I) Before decrease (II) End of year or termination Profit sharing 27.0000 27.0000 Loss sharing 27.0000 27.0000 Ownership of capital 27.0000 27.0000 13 Members share of liabilities: Nonrecourse • S 258,615 00 Qualified nonrecourse financing • S 00 Other • S 4,849,188 00 E Reportable transaction or tax shelter registration number(s) F (1) Check here if this is a publicly traded partnership as defined in IRC Section 469(0(2) ® Li (2) Check here if this is an investment partnership (R&TC Sections 17955 and 23040.1) 0 0 G Check here if this is: • (1) l= A final Schedule K•1 (568) (2) 0 An amended Schedule K•1 (568) H Is this member a resident of California? • El Yes II, M No For Privacy Notice, get FIB 1131 ENG/SP. M( 21 2 7901164 I Schedule KA (568) 2016 Side 1 3 EFTA00806305 3 629477 11-23.16 Members name Member's identifying number WILCOR GROUP INC. C/O NEXT MANAGE 13-3682060 I Analysis of members capital account: Check the box • (1) LxJ Tax Basis (2) Li GAAP (3) Section 704(b) Book (4) Other (explain) ( a) CapaiiamoumiddrOmingamm Capital dentributad during you la) (e mentor's inn of lino 3.11noo 4. and WMckaroatail•WWWm Capital account at ondoryear. lino T. Form 568. Schodulo M.2 40102146 damn Oa through column (dl • 316,326. • • 742,064.0( 607,500.) • 450,890. caution: Hater to member s instructions ror Jcnearle Is-i iota, oetore entemg imormation worn tnis scneatne on your uarromia return. (a (b) (c) (d) (e) Distributive share items Amounts from California Total amounts using California federal Schedule K.1 adjustments California law. Combine source amounts (1065) col. (b) and col. (c) and credits where applicable 1 Ordinary income (loss) from trade or business activities 675,119. -7,886. • 667,233. 1. 159,309. 2 Net income (loss) from rental real estate activities • leo 3 Net income (loss) from other rental activities 0 0 4 Guaranteed payments to members • leo 5 Interest income 4,311. 8,813. • 13,124. 1. 6 Dividends • ll• Income (Loss) 7 Royalties • ll• 8 Net short-term capital gain (loss) • ll• 9 Net long-term capital gain (loss) • ll• 10 a Total gain under IRC Section 1231 (other than due to casualty or theft) • ll• b Total loss under IRC Section 1231 (other than due to casualty or theft) • ll• 11 a Other portfolio income (loss). Attach schedule • ll• b Total other income • ll• c Total other loss • ll• 12 Expense deduction for recovery prop. (IRC Section 179) STMT 17,421. -10,671. 6,750. 1,612. 13 a Charitable contributions STMT 3,378. 3,378. b Investment interest expense i e 1 Total expenditures to which an IRC 0 Section 59(e) election may apply . 2 Type of expenditures d Deductions related to portfolio income e Other deductions ■ Side 2 Schedule K 1 (568) 2016 022 7902164 I ■ EFTA00806306 3 62947311.23-16 Members name Member's identifying number WILCOR GROUP INC. C/O NEXT MANAGE 13-3682060 (a) b) (0 le) Amounts from California rO Total amounts using California Distributive share items federal Schedule K.1 adjustments California law. Combine source amounts (1065) col. (b) and col. (c) and credits 15 a Total withholding (equals amount on Form 592-8 if calendar year LLC) • lb, b Low-income housing credit c Credits other than line 15b related to is rental real estate activities o 3 d Credits related to other rental activities e Nonconsenting nonresident member% tax paid by LLC f Other credits • Attach required schedules or statements AL 17 a Depreciation adjustment on property placed in service after 1986 43. 2,458. L 2,501. 0 597. Alternative Minimum Tax b Adjusted gain or loss c Depletion (other than oil & gas) (AMT) Items d Gross income from oil, gas, and geothermal properties e Deductions allocable to oil, gas, and geothermal properties I Other alternative minimum tax items lanteTTAINO 18 a Tax-exempt interest income b Other tax-exempt income litre:, c Nondeductible expenses . . . STMT 34,511. 16,186. 50,697. 12,104. 8 19 a Distributions of money (cash and 1 0 tr., z marketable securities) 607,500. (t) 607,500. P L, a b Distributions of property other than money ® S 20 a Investment income 4,311. 8,813. 13,124. la 5E Os b Investment expenses c e Other information. See instructions STMT ■ 022 7903164 I schedule K 1 (568) 2016 Side 3 3 EFTA00806307 3 629424 11-23 16 Members name Member's Identifying number WILCOR GROUP INC. C/O NEXT MANAGE 13-3682060 Other Member Information Table 1 Member's share of nonbusiness income from intangibles (source of income is dependent on residence or commercial domicile of the member): Interest $ Sec. 1231 Gainsiosses $ Capital Gains/Losses $ Dividends $ Royalties Other FOR USE 8Y MEMBERS ONLY • See instructions. Table 2 Member's share of distributive items. A. Members share of the LLC's business income. See instructions. $ B. Member's share of nonbusiness income from real and tangible personal property sourced or allocable to California. Capital Gains/Losses $ Rents/Royalties $ Sec. 1231 GainstLosses $ Other C. Member's distributive share of the LLC's property, payroll, and sales: Factors Total within and outside California Total within California Property: Beginning Property: Ending Property: Annual rent expense , , Payroll Sales ■ Side 4 Schedule K•1 (568)2016 022 7904164 EFTA00806308 NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K-1 CHARITABLE CONTRIBUTIONS AMOUNT DESCRIPTION AMOUNT CA SOURCE CHARITABLE CONTRIBUTIONS - 50 PERCENT LIMIT 3,378. TOTAL TO SCHEDULE K-1, LINE 13A 3,378. CA SCHEDULE K-1 EXPENSE DEDUCTION FOR RECOVERY PROPERTY DESCRIPTION AMOUNT IRC SECTION 179 EXPENSE 6,750. TOTAL TO SCHEDULE K-1, LINE 12 6,750. CA SCHEDULE K-1 COLUMN C RECONCILIATION DESCRIPTION AMOUNT ORDINARY INCOME (LOSS) 675,119. INTEREST INCOME 4,311. SECTION 179 EXPENSE <17,421.> CHARITABLE CONTRIBUTIONS <3,378.> AMORTIZATION ON RETURN AND NOT ON BOOKS 54,284. DEPRECIATION ON BOOKS AND NOT ON RETURN <14,912.> NONDEDUCTIBLE EXPENSES <34,511.> RENT EXPENSE <22,840.> SALARIES AND WAGES 88,646. STATE / LOCAL DEFERRED INCOME TAX <3,510.> TWO TWELVE MANAGEMENT, LLC 16,276. TOTAL TO SCHEDULE K-1 ANALYSIS OF CAPITAL ACCOUNT, COLUMN C 742,064. CA SCHEDULE K-1 NONDEDUCTIBLE EXPENSES DESCRIPTION AMOUNT ASSESSMENTS 117. EXCLUDED MEALS AND ENTERTAINMENT EXPENSES 20,722. STATE INCOME/FRANCHISE TAXES 29,858. TOTAL TO SCHEDULE K-1, LINE 18C 50,697. PARTNER NUMBER 3 EFTA00806309 NEXT MANAGEMENT LLC 13-3495607 CA SCHEDULE K-1 AGGREGATE GROSS RECEIPTS FOR AMT EXCLUSION DESCRIPTION AMOUNT GROSS SALES LESS RETURNS 5,949,187. INTEREST 13,124. TOTAL 5,962,311. PARTNER NUMBER 3 EFTA00806310 2016 TAX RETURN FILING INSTRUCTIONS FLORIDA FORM F-1065 FOR THE YEAR ENDING DECEMBER 31, 2016 Prepared for NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Prepared by SACKS PRESS & LACHER PC 600 THIRD AVENUE NEW YORK, NY 10016-1901 To be signed and A MEMBER OF THE LLC dated by Amount of tax Total tax S 0.00 Less: payments and credits S 0.00 Plus: other amount S 0.00 Plus: interest and penalties S 0.00 NO PMT REQUIRED s Overpayment Credited to your estimated tax $ 0.00 Other amount $ 0.00 Refunded to you $ 0.00 Mail tax return FLORIDA DEPARTMENT OF REVENUE and check (if 5050 W. TENNESSEE STREET applicable) to TALLAHASSEE, FL 32399-0135 Forms to be ENCLOSED ARE COPIES OF SCHEDULE K-1 TO BE DISTRIBUTED TO THE distributed PARTNERS. to partners Return must be OCTOBER 2, 2017 mailed on or before Special Instructions 610142 04.01.16 EFTA00806311 Florida Tentative Income / Franchise Tax Return 1019 and Application for Extension of Time to File Return F-7004 R. 01/17 Rule 120.1.051 Fierkla Actolnestrallv9 Code Effoctive 01/15 Information for Filing Florida Form F-7004 F-7004 R. 01/17 When to file -File this application on or before the original due date of A. If applicable, state the reason you need the extension: the taxpayer's corporate income tax or partnership return. Do not file before the end of the tax year. To file online go to B. Type of federal return filed: PARTNERSHIP ( 1065 ) Penalties for failure to pay tax - If you are required to pay tax with Contact person for questions: this application, failure to pay will void any extension of tine and Telephone number: Milffir subject the taxpayer to penalties and interest for failure to file a timely retum(s) and pay all taxes due. There is also a penalty for a late-filed return when no tax is due. Florida Income/Franchise Extension of Time Request Tax Due Signature -A person authorized by the taxpayer must sign Florida Form F-7004. They must be (a) an officer or partner of the taxpayer, (b) a 1. Tentative amount of Florida tax for the taxable year 1. person currently enrolled to practice before the Internal Revenue 2. LESS: Estimated tax payments for the taxable year 2. Service (IRS), or (c) an attorney or Certified Public Accountant 3. Balance due - You must pay 100% of the tax tent- 3. qualified to practice before the IRS under Public Law 89-332. Lively determined due with this extension request Transfer the amount on Line 3 to Tentative tax due . The Florida Form F-7004 must be filed -To receive an extension of time to file your Florida return, Florida Form F-7004 must be timely filed, even if you have already filed a federal extension request. A federal extension by itself does not extend the time to file a Florida return. An extension for Florida tax purposes may be granted, even though no federal extension was wanted. See Rule 12C-1.0222, FAC., for information on the requirements that must be met for your request for an extension of time to be valid. Make chedts payable and mail to: FLORIDA DEPARTMENT CF REVENUE, 5050 W TENNESSEE STREET. TALLAHASSEE FL 32399-0135 644961 Florida Tentative income / Franchise Tax Return 1019 10.06-16 and Application for Extension of Time to File Return F-7004 FEIN 13-3495607 R. 01/15 Name NEXT MANAGEMENT LLC Taxable Year End 12/31/16 Address 15 WATTS STREET, 6TH FLOOR FILING STATUS Partnership X Corporation City/State/ZIP NEW YORK NY 10013 All other federal returns to be filed Tentative Tax Due $ 0 Mil Under penalties of perjury, I declare that I have been authorized by the above named taxpayer to make this application, that to the best of my knowledge and belief the statements herein are true and correct Sign Here: Date: 133495607 0 0 0 2 0 0 0 20161231 0 0 0 0 0 0 0 009 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8733 0 20161231 0002005030 9 3133'495607 0000 7 EFTA00806312 Florida Partnership Information Return 1019 F-1065 R. 01/16 Rule 12C-1.051 Florida Administrative Code For the taxable year Effective 01/16 beginning JAN 1 2 0 1 6 and ending DEC 3 1 . 2 0 1 6 NEXT MANAGEMENT LLC - DI CI CI © Federal Employer Identification Number (FEIN) Name of Partnership 15 WATTS STREET, 6TH FLOOR El El DI M CI CI Principal Business Activity Code Street Address NEW YORK NY 10013 City State ZIP Part I. Florida Adjustment to Partnership Income A. Additions to federal income: 1. Federal tax-exempt interest Total interest excluded from federal ordinary income Less associated expenses not deductible in computing federal ordinary income I ) Net Interest 2. Stale income taxes deducted in computing federal Of*nary InCanse 110,586.00 3. Other additions Total A. 110,586.00 8. Subtractions from federal income STATEMENT 1 B. 15,399.00 C. Subtotal (Line A less Line B) C. 95,187.00 D. Net adjustment from other partnerships or joint ventures D. E. Partnership income adjustment 1. Increase (total of Lines C and D) El. 95,187.00 2. Decrease (total of Lines C and D) 2.( ) Part II. Distribution of Partnership Income Adjustment Partners name and address (Include FEIN) (a) (b) (c) Amount shown Partner's Note: If there is no adjustment on Line E. show partner's percentage Ccr n:ra?str=2 )= on Line E. percentage Enter here and dinelorlda Pam of profits in Column (b) and leave Columns (a) and (c) blank. Part I. above of profits F-1120. Schedule I. Line 19 St tbacreasse. Schedule II, Line In A 13-3508513 95,187.00 42.0000000 39,978.00 CLAXON INC C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 8. 13-3501977 95,187.00 31.0000000 29,509.00 PARTNERSHIP HOLDING CORP. C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 C. 13-3682060 95,187.00 27.0000000 25,700.00 THE WILCOR GROUP INC. C/O NEXT MANAGEMENT LLC 15 WATTS STREET NEW YORK, NY 10013 Under paelte0 c, perjury. I &cave Mal I have examined this rettem, including accompanyeng schedules and statements, and to the best of my knowledgeand ballet. It is true. correct. and complete. Decimation of peepers. (other Man taxpayer)* based on all Information of which prepares has any knowledge Sigatureolgomwormember Sign Here pausiboaricnomisiglakiro Data kyohomeo chock 9 sew NRWOPIRWIDWOIMWTTM Paid wnotrwed Signalwe GARY W. PRESS Dam 0 9 / 1 2 / 1 7 P00192851 Preparer Hm $ WWW you. OsellAIMIWA h, SACKS PRESS & LACHER PC FEIN lie1 3 - 3 0 5 0 31 3 Only andaddem r NEW YORK, NY n' Ph 10016-1901 Mail To: Florida Department of Revenue, 5050 W. Tennessee St., Tallahassee FL 32399-0135 644261 01-20. T 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806313 IIIIIIIII IIIIII I 11111 IIIIII I III 1019 F-1065 R.01/16 Page 2 NOTE: Please read instructions (Florida Form F-1065N) before completing the schedules below. Part III. Apportionment Information IIla For use by partnerships doing business both within and without Florida (a) Within Florida (b) Total Everywhere t Average value of ',welly per Schedule uc(Line ti) 1,570,178.00 12,400,790.00 2. Salaries, wages, commissions, and other compensation paid or accrued in connection with Wade or business for the period covered by this mtum 976,440.00 12,234,940.00 1 Sales 1,891,925.00 21,743,272.00 Ill-B. For use by partnerships providing transportation (a) Within Florida (bObtal Everywhere services within and without Florida t Transportation services revenue miles (see instructions) III-C. For use in computing average Within Florida Total Everywhere value of property a. Beginning of Year b. End of Year c. Beginning of Year d. End of Year t Inventories of raw material, work in process, inithedi goods 2. Buildings and other depreciable asseth (ea odOIW co,s0 655,970.00 327,985.00 3,460,620.00 1,718,113.00 3. Land owned (at original cost) 4. Other tangible assets (at original cost) and intangible assets (financial organizations only). Attach schedule. 146,432.00 146,432.00 2,485,837.00 2,564,433.00 S. Total (Lhes 1 through 4 802,402.00 474,417.00 5,946,457.00 4,282,546.00 6 Along. valor of popery in Maatta 0YMb Florida). odd One 5. Column); Nand (o)and &Ada by 2. For average yak* of mealy rroanotturte (Total Eyarmelweg add MP 5. GoltraoS (c)and (di and MAO. by 2. 638,410.00 5,114,502.00 7. Rented property. (8 times net annual rent) 931,768.00 7,286,288.00 8. Total (Lines 6 and 7). Enter on Part Illa, Linen, Columns (a) and (b) 1,570,178.00 12,400,790.00 Average Florida Average Everywhere Part IV. Apportionment of Partners Share SEE SCHEDULES K-1 ATTACHED Percent of Property Data Payroll Data Sales Data Interest In Partner(Name and Address) Partner• Within Within Within ship Florida Everywhere Florida Everywhere Florida Everywhere A. 8. C. NOTE: Transfer data to Schedule III-A, Florida Form F-1120 644271 02-05.1T 3 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806314 NEXT MANAGEMENT LLC 13-3495607 FL F-1065 SUBTRACTIONS FROM FEDERAL INCOME STATEMENT 1 DESCRIPTION AMOUNT ALLOWABLE BONUS DEPRECIATION FROM 2015 15,399.00 TOTAL TO FORM F-1065, PART I, LINE B 15,399.00 STATEMENT(S) 1 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806315 FLORIDA Partner's Florida Information SCHEDULE K-1 For Calendar Year 2016 or Fiscal Year EQUIVALENT 2016 Beginning . 2016; and Ending FORM F-1065 Partners Name. Address a d ZIP Code Partner Number CLAXON INC Partner's Identifying Number C/O NEXT MANAGEMENT LLC 13-3508513 15 WATTS STREET NEW YORK, NY 10013 Amended Schedule K-1 C Final Schedule K-1 EJ Partnership's Name. Address and ZIP Code Partnership's Identifying Number 13-3495607 NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR Partner's Percentage of: NEW YORK, NY 10013 PrOtandLoss 42.0000000% Florida Adjustment to Partnership Income Total interest excluded from federal ordinary income Less associated expenses Net interest State income taxes deducted from federal ordinary income 46,446.00 Other additions Total other additions Total Additions to Federal Income 46,446.00 Other subtractions ALLOWABLE BONUS DEPRECIATION FROM 2015 6,468.00 Total Subtractions 6,468.00 Total Subtractions from Federal Income 6,468.00 Net adjustment from other partnerships or ventures Partnership Income Adjustment 39,978.00 Partners share of Apportionment Information Within Florida Total verwhere 1. Average properly value per Schedule III-C 659,475.00 5,208,332.00 2. Salaries, wages, commissions and compensation 410,105.00 5,138,675.00 a Sales 794,609.00 9,132,174.00 4. Transportation services revenue miles 644201 04-01-16 5 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806316 FLORIDA Partner's Florida Information SCHEDULE K-1 For Calendar Year 2016 or Fiscal Year EQUIVALENT 2016 Beginning . 2016; and Ending FORM F-1065 PartnersName.AddmssadZIPCoth Partner Number PARTNERSHIP HOLDING CORP. Partners Identifying Number C/O NEXT MANAGEMENT LLC 13-3501977 15 WATTS STREET NEW YORK, NY 10013 Amended Schedule K-1 C Final Schedule K-1 EJ Partnership's Name. Address and ZIP Code Partnership's Identifying Number 13-3495607 NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR Partners Percentage of: NEW YORK, NY 10013 Profit and Loss 31.0000000% Florida Adjustment to Partnership Income Total interest excluded from federal ordinary income Less associated expenses Net interest State income taxes deducted from federal ordinary income 34,282.00 Other additions Total other additions Total Additions to Federal Income 34,282.00 Other subtractions ALLOWABLE BONUS DEPRECIATION FROM 2015 4,773.00 Total Subtractions 4,773.00 Total Subtractions from Federal Income 4,773.00 Net adjustment from other partnerships or ventures Partnership Income Adjustment 29,509.00 Partners share of Apportionment Information Within Florida Total verMere 1. Average property value per Schedule III-C 486,755.00 3,844,245.00 2. Salaries, wages, commissions and compensation 302,696.00 3,792,831.00 a Sales 586,496.00 6,740,415.00 4. Transportation services revenue miles [_ 644201 04-01-16 6 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806317 FLORIDA Partner's Florida Information SCHEDULE K-1 For Calendar Year 2016 or Fiscal Year EQUIVALENT 2016 Beginning . 2016; and Ending FORM F-1065 Partners Name. Address a d ZIP Code Partner Number THE WILCOR GROUP INC. Partners Identifying Number C/O NEXT MANAGEMENT LLC 13-3682060 15 WATTS STREET NEW YORK, NY 10013 Amended Schedule K-1 C Final Schedule K-1 EJ Partnership's Name. Address and ZIP Code Partnership's Identifying Number 13-3495607 NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR Partners Percentage of: NEW YORK, NY 10013 ProtitandLoss 27.0000000% Florida Adjustment to Partnership Income Total interest excluded from federal ordinary income Less associated expenses Net interest State income taxes deducted from federal ordinary income 29,858.00 Other additions Total other additions Total Additions to Federal Income 29,858.00 Other subtractions ALLOWABLE BONUS DEPRECIATION FROM 2015 4,158.00 Total Subtractions 4,158.00 Total Subtractions from Federal Income 4,158.00 Net adjustment from other partnerships or ventures Partnership Income Adjustment 25,700.00 Partners share of Apportionment Information Within Florida Total verwhere 1. Average properly value per Schedule III-C 423,948.00 3,348,213.00 2. Salaries, wages, commissions and compensation 263,639.00 3,303,434.00 a Sales 510,820.00 5,870,683.00 4. Transportation services revenue miles [_ 644201 04-01-16 7 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806318 2016 TAX RETURN FILING INSTRUCTIONS NEW YORK FORM IT-204 FOR THE YEAR ENDING DECEMBER 31, 2016 Prepared for NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Prepared by SACKS PRESS & LACHER PC 600 THIRD AVENUE NEW YORK, NY 10016-1901 To be signed and A MEMBER OF THE LLC dated by Amount of tax Total tax S 0.00 Less: payments and credits S 0.00 Plus: other amount S 0.00 Plus: interest and penalties S 0.00 NO PMT REQUIRED Overpayment Credited to your estimated tax $ 0.00 Other amount $ 0.00 Refunded to you $ 0.00 Mailtaxreum THIS RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. IF YOU and check (if WISH TO HAVE IT TRANSMITTED TO THE NYSDTF, PLEASE SIGN, DATE mvilicablOto AND RETURN FORM TR-579-PT TO OUR OFFICE. WE WILL THEN SUBMIT THE ELECTRONIC RETURN TO THE NYSDTF. Forms to be ENCLOSED ARE COPIES OF SCHEDULE K-1 TO BE DISTRIBUTED TO THE distributed MEMBERS. to partners Return must be RETURN FORM TR-579-PT TO US BY SEPTEMBER 15, 2017. mailed on or before Special DO NOT MAIL THE PAPER COPY OF THE RETURN TO THE NYSDTF. Instructions 610142 04.01.16 EFTA00806319 Department of Taxation and Finance 686.375 11.04-16 ero NEW YORK New York State E-File Signature Authorization for 2016 - Tax Year 2016 for Forms IT-204 and IT-204-LL Electronic return originator (ERO): Do not mail this form to the Tax Department. Keep it for your records. Partnership name: NEXT MANAGEMENT LLC Return type (mark an X to Indicate which form you are Oiling): X IT•204 I1204•LL Purpose Both the paid preparer and the ERO are required to sign Part B. Form TR•579.PT must be completed to authorize an ERO to efile However, if an individual performs as both the paid preparer and the Form 11%204, Partnership Return, or Form I120441, Partnership, ERO. he or she is only required to sign as the paid preparer. It is not Limited Liability Company, and Limited Liability Partnership Filing necessary to include the ERO signature in this case. Note that Fee Payment Form. For the purposes of this form, all three forms an alternative signature can be used as described in Publication 58, of business entities will be referred to hereinafter as a partnership. information for income Tax Return Preparers Go to our website at www.tax.ny.gov to view this document. General Instructions Part A must be completed by an authorized member or general partner before the ERO transmits the electronically filed Form Do not mall Form TR-579-PT to the Tax Department. EROs must IT•204 or I120411. keep this form for three years and present it to the Tax Department upon request. EROs must complete Part B prior to transmitting an electronically filed Form IT•204 or IT•204•LL This form is not required for electronically filed Form IT-370-PF, Application for Automatic Extension of Time to File for Partnerships and Fiduciaries. Financial institution information for Form IT-204-LL filers(musr be Present d electronic Payment is authaffred) 1 Amount owed on return 1. 2 Financial institution routing number 2. 3 Financial institution account number 3. 4 Account type: D Personal checking D Personal savings D Business checking Business savings Part A - Declaration of authorized member or general partner and authorizations for Form IT-204 or IT-204-LL Under penalty of perjury, I declare that I have examined the information on this 2016 New York State electronic partnership return, including any accompanying schedules, attachments, and statements, and certify that this electronic return is true, correct, and complete. The ERO has my consent to send this 2016 New York State electronic partnership return to New York State through the Internal Revenue Service (IRS). I understand that by executing this Form TR•579PT, I am authorizing the ERO to sign and fie this return on behalf of the partnership and agree that the ERO's submission of the partnership's return to the IRS, together with this authorization, will serve as the electronic signature for the return and any authorized payment transaction. If I am paying my New York State partnership fees due by electronic funds withdrawal, I certify that the account holder has authorized the New York State Tax Department and its designated fnancial agents to initiate an electronic funds withdrawal from the financial institution account indicated on this 2016 electronic return, and authorized the financial institution to withdraw the amount from that account. As New York does not support International ACH Transactions (IAT), I attest the source for these funds is within the United States. I understand and agree that I may revoke this authorization for payment only by contacting the Tax Department no later than five (5) business days prior to the payment date. Signature of authorized member or general partner. Date: Print your name and title:FAITH KATES PRESIDENT OF MEMBER MGR Part B - Declaration of ERO and paid preparer Under penalty of perjury, I declare that the information contained in this 2016 New York State electronic partnership return is the information furnished to me by the partnership. If the partnership furnished me a completed paper 2016 New York State partnership return signed by a paid preparer, I declare that the information contained in the partnership's 2016 New York State electronic partnership tax return is identical to that contained in the paper return. If I am the paid preparer. under penalty of perjury I declare that I have examined this 2016 New York State electronic partnership tax return. and. to the best of my knowledge and belief, the return is true, correct, and complete. I have based this declaration on all information available to me. ERO's signature: Date: 09-12-17 Print name: Paid preparers signature: Date: 0 9 - 1 2 - 17 Print name: GARY W. PRESS TR-579-PT (12/16) 1019 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806320 ri NEW Department of Taxation and Finance 656551 '0.3116 , YORK STATE Application for Automatic Extension of Time to IT-370-PF 2016NA---- File for Partnerships and Fiduciaries (with instructions) Instructions New for 2016 Partnerships -The filing deadline for partnership returns is moving from which you we fallosting an extension of Ilma to 11th. Fan 11.205 fliers • Fam the fifteenth day of the fourth month to the fifteenth day of the third month IT-3TO-FP mina be tiled with payment tor any tax owed on a before the duo data following the close of the partnership year (now March 15 for calendar-year 01 the return (see the worksheet instructions on page 2) filers instead of April 15). Form IT-370-PF now automatically extends the due date for partnerships filing Form IT-204, Partnership Return, for six months Penalties instead of live. Since large electing partnerships are already allowed an auto- Estates and trusts late payment penalty- If an estate or trust does not matic six-month extension, they no longer need to enter a special condition pay the income tax liability when due (determined with regard to any valid code when filing Form IT-370-PF. extension of time to pay), it will have to pay a penalty of 1/2 of 1% of the unpaid amount for each month a part of a month it is not paid, up to a Estates and trusts -While the tiling deadline has not change) torn the Mena day maximum of 25%. The penalty will not be charged if reasonable cause for of the bath month (April 15 for colander-yaw Mar* Fain IT-370.PF now automatically wands Ma duo date to fling Fan IT-205. Fiduciary Income Tax Return, paying late can be shown. This penalty is in addition to the interest charged tor five and one-half months instead orlon.. for late payments. General information Reasonable cause will be presumed with respect to the addition to tax for late Purpose - File Form IT-370-PF on or before the due date of the return to payment of income tax if the requirement relating to extensions of time to file get an automatic extension of time to file Form IT-204 or IT-205. have been complied with, the balance due shown on the income tax return, Note: We no longer accept a copy of the federal extension form in place of reduced by any sales or use tax that is owed, is no greater than 10% of the Form IT-370-PF. total New York State, New York City, and Yonkers tax shown on the income lax retum, and the balance due shown on the income tax return is paid with If you have to file Form Y-206, Yonkers Nonresident Fkluckvy Earnings the return. Tax Return, the time to file is automatically extended when you file Form IT-370-PF. For more information on who is required to file Farm Y-206, Estates and trusts late filing penalty- if you do not file Form IT-205 when see the instructions for the form. due (determined with regard to any extension of time to file), or if you do not You may Ma Fain IT-204 a Fare IT-205 any time tette the extension paled ends. An file Form IT-370-PF on time and obtain an extension of time to file, you will ettooltIon of emit to file Fenn IT-204 a IT-205 not extend the time for tiling New Yoe have to pay a penalty of 5% of the income tax due for each month, or part of State income tax returns of patters 01 h pannorsh* a the bentrtlawies Ot an estate Cr Mist. a month, the return is late up to a maximum of 25%. When to file Fie a completed RinnIT-370-PF on the tang deadlne fa tie Hoe... It the hewn Is not filed WSW 60 days of the time Prinaltiod for Ming a return return tationsico applicatensIllad after the fling Macaw for the ream we Mira* (Including exam:Pon* this penalty will not be less than the lesser of 3100 or 100% of *weeny. the tiling deadline the amount reciulart to to shown as Mane Mat ate on the rave reduced by any income tax pad aid by any credit that may be calmed. the penally will not be charged • Partnerships - the fifteenth day of the third month following the close of it reasonable caul* for tiling late IS Shwa. your tax year (for calendar-year filers, March 15, 2017) Partnerships -A partnership that is required tone Sown IT-204 and: (fifer to tile • Estates and trusts -the fifteenth day of the fourth month following the that return on time. Including any exionsion a time. Of (2) tiles o return that IS incomplete close of your tax year (for calendar-year filers, April 18, 2017). and tails to show the efonnation rested under When 659(0), al hate to Pay a penalty. nsa penally will be insPOSOJ fa each month a part a a month. up to a Maximum 015 months. the the *aura continuos The mount of the penalty for each However, you may file Form IT-370-PF on or before June 15, 2017, if you are month will be calculated by multiplying MD by the total number or partners in the a nonresident alien estate or trust and you qualify to file your federal and fianriertiblP Outing any pan or the pertnershiP5 tax yew who were also subject to New York State income tax returns on June 15,2017. See Special condition New York personal income tax during any pan of the tax par the penalty wfl not codes on page 2. be cheroot, ire/namable came for tiling late is shown. How to file . Garcia. a separate Form IT•3TO-PF for each partrowthip (including lintel Interest- miaow will be charged on any income tax a eel* Cr use tax that is not paid liability companan(1164). limited lability irroalment 00mPanroia 3116.1. and limited liability on a NSWe the cafe dole 01 your return, oven fi you ie.:awed an extension ot time to file trust companan (LLTCs) treated as parifesehip* each 'rated liability partunship and your tenon. Mimi 'sachem. for the use ol money and In most cases may not be waived. each estate a trust for Interest is compounded daily and the rate Is adpsted Otaleily. V Detaeh (cut) here • Do not submit with your return. Department of Taxation and Finance NEW YORK Application for Automatic Extension of Mark an X n one box for the form you will be fang: IT-370-PF STATE Time to File for Partnerships and Fiduciaries Ron tr.20.4 Form IT-205 2016 Paid eparer9 Mark an X in the box and c ete Enter your 2 -character special condition code Partnership, estate a trust ID number flab Data 'Waal year beano Dam lisou der end. if applicable (see nstructions) • 133495607 01012016 12312016 Name of pailnershIp. atate, a trust Mark an X in the box for each tax that the estate a bust is subject to: NEXT MANAGEMENT LLC Namur and title ed *Watt New York Male tax ❑ New York City lax LI Yonkers tax D Dollars Cent. Mailing address( uon am am or la0 hog of pednershp or tidle ay Apartment number 1 Sales and use tax 00 15 WATTS STREET, 6TH FLOOR tAy. village a post once moo metuctiona -Mato re coda 2 Total payment 00 NEW YORK NY 10013 E.matt. 3711161019 133495607 4 1111111111111111111 EFTA00806321 IT-370-PF (2016) (page 2) 663552 10-31-16 Instructions (continued) Fee for payments returned by banks - The law allows the Tax Department to charge Line 4 -Enter the amount of sales or use tax, if any, that you will be required a $50 fee when a check, money order, or electronic payment is returned by a bank for to report when you file your 2016 return. See the instructions for your NYS nonpayment. However, if an electronic payment is returned as a result of an error by fiduciary income tax return for information on how to compute your sales and the bank or the department, the department won't charge the fee. If your payment is use tax. Also enter this amount on line 1 on page 1of this form. returned, we will send a separate bill for $50 for each return or other tax document Line 6- Enter the amount of 2016 income tax already paid that you associated with the returned payment expect to enter on Form IT-205, line 37 (excluding the amount paid with Privacy notification Form IT-370-PF). See our website or Publication 54, Privacy Notification. Worksheet Specific Instructions I New York Stale income tax lability Mr 2016 1. Filling in your form - Please use black ink (and never use red ink) when 2 New Yak City Income MX bebilityky 2016 2. making entries on this form. 3 Yorkers Income tax lability to 2016 3. Name and address box - Partnerships must enter the employer identification 4 Sales and Lora tax due tor 2016 (enter this number (EIN), name, and address of the partnership. Estates and trusts must enter the estate's or trust's EIN and the name of the estate or trust exactly as amount nose and on one 1 on page 1) 4. shown on federal Form SS-4. Also enter the address of the fiduciary or firm in the 5 Total taxes (add lines 1 through • 5. spaces provided. 6 Total 2016 income tax already paid 6. To ensure that any payment made with this extension is properly credited, this 7 Total payment {subtract line 6 ROM line Sand OM'S* information must agree with the information on the return you are filing. Failure to amount here and on line 2 on 0029 IF II line 6 is them than one 5. enter 0 7. provide an identification number may invalidate this extension. If the entity does not have an EIN but has applied for one, enter applied Mr. Note: You may be subject to penalties if you underestimate the balance due. Foreign addresses - Enter the information in the following order: city, province or state, and then country (all in the City, village, or post office box). How to claim credit for payment made with this form Follow the country's practice for entering the postal code. Do not abbreviate Include the amount paid with Form IT-370-PF on Form IT-205, line 30. For the county name. more information, see the line instructions for Form IT-205. If the entity files on a fiscal year basis, enter the beginning and ending dates Where to file of the fiscal year in the appropriate boxes. If you are enclosing a payment with this extension request, mail Special condition codes- If you are a nonresident alien estate or trust and Form IT-370-PF with your payment to: your filing due date is June 15, 2017, and you need an additional five and EXTENSION REQUEST one-half months to file (November 30, 2017), enter special condition code PO 80X 4125 Ea Also enter special condition code 64 on Form IT-205. BINGHAMTON NY 13902-4125 if not enclosing a payment with this extension request, mail Worksheet Instructions Form IT-370-PF to: Form IT-205 filers only- Complete the following worksheet to determine it the estate or trust must make a payment with Form IT-370-PF. EXTENSION REQUEST - NH PO BOX 4126 If you enter an amount on lines 1, 2, or 3 of this worksheet, mark an X in the BINGHAMTON NY 13902-4126 appropriate box on page 1 of this form. For information about private delivery services, see Publication 55, Line 1- Enter the amount of your New York State income tax liability for Designated Private Delivery Services. 2016 that you expect to enter on Form IT-205, line 14. Need help? Visit our website at www.tatny.gov (for information, Line 2 - Enter the amount of your New York City income tax lability for 2016 forms, and online services) that you expect to enter on Form IT-205, line 23. Personal Income Tax Information Center. (518) 457-5181 Line 3 - Enter the amount of your Yonkers income tax liability for 2016 that To order forms and publications: (518) 457-5431 you expect to enter on Form IT-205, lines 25 through 27. V Detach_tout' here V Do not submit wIth_your return IT-370-PF (2016) (page 2) When completing this section, enter your New York tax preparer registration Payment options • An estate or trust must make full payment of any identification number (NYTPRIN) if you are required to have one. If you are balance due with this automatic extension of time to file. Pay by check not required to have a NYTPRIN, enter in the NYTPRIN excl. code box one or money order made payable in U.S. funds to New York State Income of the specified 2-digit codes listed below that indicates why you are exempt Tax and write the estate's or trust's EIN and 2016 Income Tax on It. from the registration requirement. You must enter a NYTPRIN or an exclusion code. Also, you must enter your federal preparer tax identification number Paid preparers • Under the law, all paid preparers must sign and complete (PTIN) if you have one; if not, you must enter your social security number. the paid preparer section of the form. Paid preparers may be subject to civil and/or criminal sanctions if they fail to complete this section in full. Code Exemption type Code Exemption type 01 Attorney 02 Employee of attorney • Paid er MUM complete Dee InStructions) V Data: 0 9122 017 03 CPA 04 Employee of CPA kkettoten SI9Paace Ile- Preparers NYTPRIN 05 PA (Public Accountant) 06 Employee of PA Ille GARY W. PRESS 07 Enrolled agent 08 Employee of enrolled Firm's name Or rota + self-omfoois) V Preperer's PIIN a SSN agent SACKS PRESS & LACHER PC 09 Volunteer lax preparer 10 trniXoyee of business preparing that Addren • Employer imntricabon number business return 600 THIRD AVENUE 133050313 See ou website for more information about the tax preparer NEW YORK NY 10016-1901 P71 03 registr lion requirements. E-mall: 3712161019 3,33495607 4 111111 I II III1111111 111111III EFTA00806322 +68501 01.25.1: er NEW Department of Taxation and Finance YORK Partnership Return 2016 STATE - ...._ and IT-204 See the instructions, Form IT-204-1 or tax year beginning ending Legal name srilmoyeirwinceuennumbermeu NEXT MANAGEMENT LLC 133495607 Trade name of business if different from legal name above NWS pthicapoi business activity MODEL AGENCY Address (number and street or rural route) City, village. or post office WX6basinpacodenterinfftwiNnN691' 15 WATTS STREET, 6TH FLOOR NEW YORK 812990 State ZIP code Country wmorlowitiorievix, 0601:661messW60 NY 10013 MODELING AG 01041989 Section 1 - Partnership information v. ... .. 0, ... w 2016 lax rown Oa 10610 lu l Mark an X in the box that applies taygur entity Regular partnership U Limited liability partnership (LLP) 0 Portfolio investment partnership (see instr.) 0 Other Limited liability company (LLC • including limited liability investment company and a limited liability trust company) El 1) Did the partnership have any income, gain, loss, or deduction derived from NY sources during the tax year? B1 Yes Ill No ri 2) If No, enter the number of resident partners B2 C Mark applicable box(es) 0 Change of address 0 Initial return 0 Amended return El Final return (subrntt explanation) D 1) Is this return the result of federal audit changes? D1 Yes 1-1 No X If Yes: 2) Enter date of final federal determination D2 I E 3) Do you concede the federal audit changes? Did you file a NYS partnership return for 1) 2014? If No, state reason: El Yes M ril No D3 2) 2015? E2 Yes Yes X No No H F Number of partners 1) Article 22 Fl 2) Article 9•A F2 3 3) Other F3 4) Total F4 3 G Does the partnership currently have tax accounts with NYS for the Wowing taxes? 1) Sales and use tax El Yes No Of Yes, enter ID number) 01 133495607 2) Withholding tax El Yes No (if Yes, enter ID number) 02 133495607 H Did the partnership have an interest in real property located in NYS during the last three years? Yes X No I Has there been a transfer or acquisition of a controlling interest in this entity during the last three years? Yes No X J Did the partnership engage in a likekeid transaction under IRC 1031 during the tax year? Yes No X K Did the partnership sell property during the tax year that had a deferred gain from a previous IRC 1031 or IRC 1033 transaction? K Yes No X L Was there a distribution of property or a transfer of a partnership interest during the tax year? Yes No X M Did the partnership make an election under IRC 754? Yes No X N Is this partnership under audit by the IRS or has it been audited In a prior year? Yes No X O Is the partnership required to file Form DTF•686 or DTF.68&ATT for this filing period, to report a reportable transaction, New York reportable transaction, listed transaction or registered tax shelter? 0 Yes No El If Yes, complete and submit Form(s) DTF586, DTF•686•ATT, and any applicable federal forms. p Did the partnership make purchases subject to sales and compensating use tax for which NYS lax was not paid? (see Instr.) P Yes No 0 Did the partnership have a financial account located in a foreign country? (see instructions) 0 Yes El No Third-party Pe.sonalidrotheaWn Print designee's name Designee's phone number nulawit011120 designee? Iwo Insti) GARY W. PRESS Yes X No E•marl. • Paid preparer must complete (see Instr.) • Date 7 • Sign here • mpowsswahmoGARY W. PRESS I hpfa PelN Signature of general partner Firm's name (or yours, if self-employed) Preparer's PTIN or SSN SACKS PRESS & LACHER PC Address sriproyerominoasointnine 600 THIRD AVENUE 133050313 Date Daytime phone number NY 0016 -19 f: 1 I Vera% 03 tNEI Email: Email HiIiiIIIIIIIIIIIIIII IIIIIIII Mail your return to: STATE PROCESSING CENTER, PO BOX 4149, BINGHAMTON NY 139O2-4149. EFTA00806323 66&502 01.07.17 Page 2 of 8 IT-204 (2016) Section 2 - Federal ordinary business income (loss) Part 1 - Income from federal Form 1065 1 Gross receipts or sales 1 20803273 2 Returns and allowances 2 3 Subtract line 2 from line 1 3 20803273 4 Cost of goods sold 4 5 Gross profit (subtract line 4 from line 3) 5 20803273 6 Ordinary income (loss) from other partnerships, estates, and trusts (submit statemen0 STMT 2 6 137818 7 Net farm profit (loss) (submit federal Form 1040, Schedule F) 7 8 Net gain (loss) from federal Form 4797, Part II lna 17 (submit federal Form 4797) 8 9 Other income (loss) (submit statement) SEE STATEMENT 3 9 -156411 10 Total income (loss) (combine lines 5 through 9) 10 20784680 Part 2 - Deductions from federal Form 1065 11 Salaries and wages (other than to partners) (less employment credits) 11 12181179 12 Guaranteed payments to partners 12 13 Repairs and maintenance 13 416838 14 Bad debts 14 15 Rent 15 815645 16 Taxes and licenses 16 772275 17 Interest 17 72 18 Depreciation (If required, submit federal Form 4562) I at 44543 19 Depreciation reported on federal Form 1125A and elsewhere on return lel 20 Subtract line 19 from line 18 20 44543 21 Depletion (do not deduct oil and gas depletion) 21 22 Retirement plans, etc 22 111980 23 Employee benefit programs 23 379739 24 Other deductions (submit statement) SEE STATEMENT 4 24 3561967 25 Total deductions (add lines 11 through 17and lines 20 through 24) 25 18284238 26 Ordinary business income (loss) (subtract line 25 from line 10) 26 2500442 Section 3 - Cost of goods sold (from federal Form 1125-A, see instructions) 27 Inventory at begnning of year 27 28 Purchases 28 29 Cost of labor 29 30 Additional IRC section 263A costs (submit statement) 30 31 Other costs (submit statement) 31 32 Total (add lines 27 through 31) 32 33 Inventory at end of year 33 34 Cost of goods sold (subtract tine 33 from fine 32) 34 Cost 35 Methods used for valuing closing inventory (mark an X in applicable boxes) Lower of cost or market Other (specify method used and explain) 36 Was there a writedown of subnormal goods? 37a Was UFO inventory method adopted this tax year for any goods? (If Yes, submit federalForm 970.) Yes Yes Ei No No 37b If the UFO inventory method was used for this tax year, enter the amount of closing inventory computed under LIFO 38 Do the rules of IRC section 263A (for property produced or acquired for resale) apply to the partnership? 39 Was there any change in determining quantities, cost, or valuations between opening and closing inventory? Yes Yes Ei No No If Yes, explain 204002161019 VIII IIIIII IIIIIIIII VIII IIIIIIIII EFTA00806324 6118r63 OF07.17 IT-204 (2016; Page 3 • Section 4 - Balance sheets per books (from federal Form 1065, Schedule Assets Beginning of tax year End of tax year (a) (b) (c) (d) 40 Cash 40 3532783 2895029 41 Trade notes and accounts receivable 41 9290056 12760240 42 Less allowances for bad debts 42 100000 9190056 100000 12660240 43 Inventories 43 44 U.S. government obligations 44 45 Taxexempt securities 45 46 Other current assets (submit statement) STMT 5 46 159432 235194 47a Loans to partners (or persons related to partners) 47a 47b Mortgage and real estate bans 47b 48 Other investments (submit statement) STMT 6 48 83446 224591 49 Buildings and other depreciable assets 49 4123029 4187551 50 Less accumulated depreciation so 3396487 726542 3560781 626770 51 Depletable assets 51 52 Less accumulated depletion 52 53 Land (net any amortization) 53 54 Intangible assets (amortizable only) 54 55 Less accumulated amortization 55 56 Other assets (submit statement) STMT 7 56 3068607 2555716 57 Total assets 57 16760866 19197540 Liabilities and capital Beginning of tax year End of tax year (a) (b) (c) (d) 58 Accounts payable 58 12182330 14451871 69 Mortgages, notes, bonds payable in less than one year 59 60 Other current liabilities (submit statement) 60 STMT 8 1786832 1384748 81 All nonrecourse loans 61 62a Loans from partners (or persons related to partners) 62a 633 Mortgages, notes, bonds payable in one year or more 62b 63 Other liabilities (submit statement) STMT 9 63 1620133 1690964 64 Partners' capital accounts 64 1171571 1669957 65 Total liabilities and capital 65 16760866 19197540 11111 1iiiiii°11 i3iiii111111111 EFTA00806325 66,1504 01.07- 17 Page 4 of 8 11-204 (2016) Section 5 - Reconciliation of income (loss) per books with income (loss) per retum(From federal Form 1065. Schedule M-1; see instructions. If Schedule M-3 was filed, mark w0C in the box file Schedule M-3 and any related documents with Form IT-204; skip Section 5 and continue with Section 6.) 66 Net income (loss) per books 66 67 Income included on return not recorded on books this year. from Schedule M•1. line 2 67 Identify: 68 Guaranteed payments (other than health insurance) 68 69 Expenses recorded on books this year not included on return. from Schedule M.1. line 4 ,,, ,, ,,, , 69 Identify: 70 Add lines 66 through 69 70 71 Income recorded on books this year not included on return. from Schedule M-1. line 6 711 Identify: 72 Deductions included on return not charged against book income this year. from Schedule M.1. line 7 72 I Identify: 73 Add lines 71 and 72 I 73I 74 Income (loss) (subtract fine 73 from fine 70) 74 Section 6 - Analysis of partners' capital accounts (from federal Form 1065. schedule M-2) 75 Balance at beginning of year 75 1171571 76 Capital contributed • cash 76 77 Capital contributed • property 77 78 Net income (loss) per books 78 2748386 79 Other increases 79 Identify: 80 Add lines 75 through 79 80 3919957 81 Distributions • cash 81 2250000 82 Distributions • property 82 83 Other decreases 88 Identify: 84 Add lines 81. 82. and 83 k_4 2250000 85 Balance at end of year (subtract line 84 from line 80) 85 1669957 11111111°11 41 iilii111111III EFTA00806326 WMM 01-07,47 IT-204 (2016) Page 5 of 8 Section 7 - Partners' share of income, deductions, etc. (from federal Form 1065. Schedule K) Partners' distributive share items 86 Ordinary business income (loss) 86 2500442 87 Net rental real estate income (loss) (submit federal Form 8825) 87 88a Other gross rental income (loss) 88. 88b Expenses from other rental activities 89 Other net rental income (loss) (subtract Moe 88b from line 88a) 89 90 Guaranteed payments 90 91 Interest income 91 15968 92 Ordinary dividends 92 93 Royalties 93 94 Net short-term capital gain (loss) (submit federal Schedule D) 94 95 Net long-term capital gain (loss) (submit federal Schedule D) 95 96 Net section 1231 gain (loss) (submit federal Form 4797) 96 97 Other Income (loss) (see instructions) 97 Identify: 96 Section 179 deduction (submit federalForm 4562) 98 64523 99 Other deductions (see instructions) 99 12512 identify: SEE STATEMENT 10 100 This line intentionally left blank 100 101 Net earnings (loss) from self-employment 101 102 Tax-exempt income and nondeductible expenses (see instructions/ 102 127818 103 Distributions • cash and marketable securities 103 2250000 104 Distributions • other property 104 105 Other items not included above that are required to be reported separately to partners (see Instr.) 105 15968 went* SEE STATEMENT 11 Analysis of net Income (loss) 106 Enter the amount from line 1 of the Analysis of Net Income (Loss) section on federal Fenn 1065 106 2439375 Analysis by type of partner A B C 0 E F Corporate Individual Individual Partnership Exempt Nominee/other (active) (passive) organization General partners Limited partners 2439375 204005161019 III EFTA00806327 6685C6 01.07.17 Page 6 of 8 17-204 (2016) Section 8 - New York modifications (see instructions) 107 This line intentionally left blank 108 Total addition modifications (from Form IT-225, line 9) 108 157273 109 This line intentionally left blank 110 Total subtraction modifications (from Form IT-225. line 18) 110 4642 111 Additions to federal itemized deductions Letter Amount 111a 111b 111e 111d 111e 1111 112 Total additions to federal itemized deductions (add lines lila through 1110 112 113 Subtractions from federal itemized deductions Letter Amount 113a 113b 113e 113d 113e 1131 114 Total subtractions from federal itemized deductions (add lines i 13a through 1131) 114 115 This line intentionally left blank 115 204006161019 EFTA00806328 61&07 0F07.17 IT-204 (2016) Page 7 of 8 Section 9 - Other information 116a New York source gross income (see instructions) 116a 15790899 116b MCTD allocation percentage (see instructions) 116b 70.8033 % 116e Total receipts from the sale of goods by manufacturing 116e 118d Adjusted basis of qualified manufacturing property 116d 117a Did the partnership sell assets subject to IRC 1060? Yes No X 117b If the partnership filed a group return on behalf of any nonresident partners, enter the special NYS identification number 117b 117c Is this partnership a partner in another partnership or LLC? Of Yes, list the names and EINs below; submit additional sheets if necessary.) YesE Name of entity EIN TWO TWELVE MANAGEMENT, LLC 201354409 Section 10 - New York allocation schedule Part 1 - List all places, both in and outside of NYS. where the partnership carries on business (submit additional sheets if necessary) Street address City and state Description (see instructions) 15 WATTS STREET NEW YORK NY OFFICE 1688 MERIDIAN AVE MIAMI BEACH FL OFFICE 8447 WILSHIRE BLVD BEVERLY HILLS CA OFFICE 118 Do books and records reflect income earned in New York? (II Yes, do not complete Part 2.) Yes No Part 2 - Formula basis allocation of ncome if books and records do not reflect income earned in New York Items used as factors A • Totals • in and outside of NYS 8- New York State amounts C . Percent col. B Property percentage (see inst.) Dollars Dollars is of col. A 119 Real property owned 119 0 119 0 120 Real property rented from others 120 7286288 120 5123968 121 Tangible personal property owned 121 721130 121 588100 121a Tangible personal property rented from others 121a 0 121a 0 122 Property percentage (add lines 779 through 121a; see instruct.) 122 8007418 122 5712068 122 71.3347 cm 123 Payroll percentage (see instruct) 123 12234940 123 9011461 123 73.6535 % 124 Gross income percentage {see Instr.) 124 21743272 124 14659910 124 67.4227 % 125 Total of percentages (total column C, lines 122, 123, and 724) 125 212.4109 % 126 Business allocation percentage divide line 725 by three or by actual number ofpercentages if less than three) 126 70.8036 % Section 11 - Partners' credit information (see instructions) Has the partnership (or an entity of which the partnership is an owner) been convicted of Bribery Invoking Public Servants and Related Offenses, Corrupting the Government,or Defrauding the Government (NYS Penal Law Article 200 or 496, or section 195.20)7 Yes No El 204007161019 EFTA00806329 6613508 01.13.17 Page 8 of 8 IT-204 (2016) Section 11 (continued) Part 1 - Flow-through credit bases and Information Brownfield redevelopment tax credit (Form IT-611, IT-611.1, and/or/T-611.2) 127 Site preparation credit component 127 128 Tangible property credit component 128 129 On-site groundwater remediation credit component 129 EZ capital tax credit (Form IT-602) 130 This line intentionally left blank 130 131 Recapture of credit for investments in certified EZ businesses 131 132 Recapture of credit for contributions of money to EZ community development protects 132 OEZE tax reduction credit (Form IT-604) 133 OEZE employment increase factor 133 134 OEZE zone allocation factor 134 135 OEZE benefit period factor 135 Excelsior jobs program tax credit (Form IT-607) 136 Excelsior jobs tax credit component 136 137 Excelsior investment tax credit component 137 138 Excelsior research and development tax credit component 138 139 Excelsior real property tax credit component 139 Farmers' school tax credit (Form IT-217) 140 Acres of qualified agricultural property 140 141 Acres of qualified conservation property 141 142 Eligible school district property taxes paid 142 143 Acres of qualified agricultural property converted to nonqualified use 143 Other flow-through credit bases and information Credit bases Code Amount Code Amount 144a 144d 144b 144e 144e 1441 Credit information Code Information Code Information 144g 144) 144h 144k 1441 1441 Part 2 Flow-through credits, addbacks and recaptures 145 Long.temi care insurance credit (Form IT-249) 145 146a Investment credit (including employment incentive credit and historic barn rehabilitation credit Form IT-212) 146a 146b Research and development • investment credit (Form IT-212) 146b 147 Other flow-through credits Code Amount Code Amount 147a 147e 147b 147f 147e 147g 147d 147h 148 Addbacks of credits and recaptures Code Amount Code Amount 148a 148d 148b 148e 148c 14W Part 3 - START-UP NY tax elimination credit information (Form IT-638) 149 STARTUP NY business certificate number (Form DTF-74) 149 204008161019 150 Year of STARTUP NY business tax benefit period 150 VIII IIIIIIII III III I VIII I VIII III 151 STARTUP NY area allocation factor 151 EFTA00806330 11-204 688811 18, 13, 16 rNEW Department of Taxation and Finance /- -jU rE New York Corporate Partners' Schedule K a 1 2016 -4-- Tax Law - Article 9-A For calendar year 2016 Or tax year beginning 01012016 and ending 12312016 Partnership's name (as shown on Form IT-204) E1N NEXT MANAGEMENT LLC 133495607 Entire net income (ENI) information when the corporate partner's New York tax filing status is a C corporation NO HANDWRITTEN ENTRIES ON THIS FORM ENI addition modifications 1 Total additions 1 110586 1 A - Number B - Amount A - Number B - Amount la EA- 505 110586 ld EA - lb EA - le EA - le EA - if EA - ENI subtraction modifications 2 Total subtractions 2 4642 A - Number B - Amount A - Number B - Amount 2a ES- 507 4642 2d ES - 2b ES - 2e ES - 2e ES - 2f ES - Assets and liabilities (See instructions) Average value 3 Total assets 3 17979203 4 Real property and marketable securities included on line 3 4 5 Real property and marketable securities at fair market value (RAV) 5 6 Average value of adjusted total assets 6 17979203 7 Total liabilities 7 16558439 8 Liabilities directly attributable to business capital 8 9 Liabilities directly attributable to investment capital 9 116001161019 IIIIIIIIIIIIIIIIII VIIIIIIIIIII EFTA00806331 698812 02.14-17 Page 2 of 7 IT-204.1 (2016) Items related to investment capital under Article 9-A Part 1 - Investment capital that generates income claimed not taxable by New York under the U.S. Constitution Description of asset (identify each asset, and enter number of shares (if applicable) and date acquired here; for each asset complete columns D through G on the corresponding lines below; enter only directly owned assets in items A through G) Item A • Description of asset B • Number of shares C • Date acquired acquired, if appicable NO HANDWRITTEN ENTRIES ON THIS FORM A B C D E F Item 0 E F G H Number of Date sold Average Liabilities directly Net average shares sold. if applicable FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 10 Total columns F and G 110 Part 2 - Investment capital stocks actually held more than one year Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B . umber of shares acquired C • Date acquired A B C D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 11 Total columns F and G 11 0 109 III111111101 211161 1 111111111111 EFTA00806332 6116313 17-13.16 IT-204.1 (2016) Page 3 of 7 Part 3 - Investment capital - stocks presumed held more than one year Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns F and G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B • Number of shares acquired C • Date acquired A B C D NO HANDWRITTEN ENTRIES ON THIS FORM E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 12 Total columns F and G 112 Part 4 - Total investment capital 13 Total average FMV and liabilities directly attributable (add lines 10. 11, and 12 in columns F and G) 13 Part 5 - Prior year Investment capital - stocks that did not meet holding period requirement (see instructions) Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B • Number of shares acquired C • Date acquired A B C D E F Item 0 E F G H Number of Date sold Average FMV Liabilities directly attributable shares solo as previously reported as previously reported I 1 A B C D E F Total from additional sheet(s) and/or partnerships 14 Total columns F and G 114 Part 6 - Prior year gross investment income for stocks that did not meet holding period requirement 16 Prior year presumed gross investment income from stocks presumed in the prior year to be held more than one year that failed to meet the presumption 15 116003161019 EFTA00806333 Page 4 of 7 IT-204.1 (2016) lkiES14 I2• ,3 1fi Items related to investment and other exempt income under Article 9-A 16 Gross exempt cross.article dividends 16 17 Gross exempt controlled foreign corporation (CFC) income 17 18 Gross exempt unitary corporation dividends 18 19 Gross investment income from investments generating income not taxable by New York State under the U.S. Constitution 19 20 Dividend income from investment capital from stocks actually held more than one year 20 21 Net capital gains in excess of losses from investment capital from stocks actually held more than one year 21 0 22 Dividend income from investment capital from stocks presumed held more than one year 22 Items related to interest deductions directly attributable to investment and other exemp income under Article 9-A 23 Total interest expense per federal Form 1065. line 15 23 72 O 24 Interest deductions directly attributable to income reported on line 16 24 25 Interest deductions directly attributable to income reported on line 17 25 26 Interest deductions directly attributable to income reported on line 18 26 ti 27 Interest deductions directly attributable to income reported on line 19 27 28 Interest deductions directly attributable to income reported on line 20 28 29 Interest deductions directly attributable to income reported on line 21 29 rn 30 Interest deductions directly attributable to income reported on line 22 30 31 Interest deductions directly attributable to business capital 31 Items related to subtraction modifications for qualified banks 32 Qualified residential loan portfolio assets 32 O 33 Gross interest income from qualifying loans 33 33a Gross interest income from all loans 33a 33b Gross interest expense from all loans 33b Z Items related to manufacturing 34 Total receipts from the sale of goods by manufacturing 34 0 34a Receipts received from the generation and distribution of electricity, the distribution of natural gas, and the production of steam associated with the generation of electricity 34a 35 Adjusted basis of qualified manufacturing property 35 36 Number of employees employed in manufacturing in New York 36 Apportionment and Metropolitan Commuter Transportation District (MCTD) information Apportionment - Part 1 1 During the reporting year, did the partnership do business, employ capital, own or lease property. maintain an office, or derive receipts from activity, in New York State? (mark an X in the appropriate box) Yes El No 2 During the reporting year. did the partnership do business, employ capital, own or lease property. maintain an office. or derive receipts from activity, in the MCTD? (mark an X in the appropriate box) Yes El No Average value of property A B (see instructions tor Apportionment - Part 7, lines 3 through 7) MCTD New York State 3 Real estate owned 3 4 Real estate rented 4 5 Inventories owned 5 8 Tangible personal property owned 8 7 Tangible personal property rented 7 11111111iiiiiiiiirl III11III EFTA00806334 688815 17-15-16 17-204.1 IA)•bi Page 5 0. Apportionment - Part 2 A B C Receipts from: (see instructions for Apportionment - WICTD New York State Everywhere Part 2. lines I through 52a) Section 210-A.2 1 Sales of tangible personal property 1 2 Sales of electricity 2 3 Net gains from sales of real property 3 Section 210-A.3 NO HANDWRITTEN ENTRIES ON THIS FORM 4 Rentals of real and tangible personal property 4 5 Royalties from patents. copyrights, trademarks, and similar intangible personal property 5 6 Sales of rights for certain cbsedcircuit and cable N transmissions of an event 6 Section 210-A.4 7 Sale. licensing, or granting access to digital products 7 7a Sale, licensing, or granting access to digital products 7a 8 This line intentionally left blank 8 Section 210-A.5(aX2)(A) 9 Interest from loans secured by real property 9 10 Net gains from sales of loans secured by real property 10 11 Interest from loans not secured by real property ❑ 11 12 Net gains from sales of loans not secured by real property Fi 12 Section 210-A.5(aX2)(B) U 13 Interest from federal debt 13 14 I 15 Interest from NYS and its political subdivisions debt 15 16 Net gains from federal, NYS, and NYS political subdivisions debt 16 17 Interest from other states and their political subdivisions debt 17 18 Net gains from other states and their political subdivisions debt 18 Section 210-A.5(aX2XC) ❑ 19 Interest from assetbacked securities and other government agency debt 19 20 Net gains from government agency debt or assetbacked securities sold through an exchange 20 21 Net gains from all other assetbacked securities 21 Section 210-A.5(aX2XD) 22 Interest from corporate bonds 22 23 Net gains from corporate bonds sold through broker/dealer or licensed exchange 23 24 Net gains from other corporate bonds 24 Section 210-A.5(aX2)(E) 25 Net interest from reverse repurchase and securities borrowing agreements 25 Section 210-A.5(aX2)(F) 26 Net interest from federal funds 26 Section 210-A.5(aX2)(i) ❑ 27 Net income from sales of physical commodities 27 Section 210-A.5(aX2KJ) ❑ 28 Marked to market net gains 28 116005161019 Itt III 11IIIIIIIIIIIIIVIIIIIIIIIIII EFTA00806335 6SPA16 Page 6 of 7 IT-204.1(2016) A B c Receipts from: (continued) Section 210-A.5(aX2)(H) 210-A.5(aX2XG) H r., c' u New York State Everywhere 29 Interest from other financial instruments 29 30 Net gains from other financial instruments 30 30a Net gains from other financial instruments (broker/dealer/exchange) 30a NO HANDWRITTEN ENTRIES ON THIS FORM 30b Other income from other financial instruments 30b 30c Other income from other financial instruments (broker/dealer/exchange) 30c 30d Dividends from stock that is business capital 30d 30e Net gains from sales of stock that is business capital 30o 30f Net gains from sales of partnership interests 30f Section 210-A.5(b) 31 Brokerage commissions 31 32 Margin interest earned on behalf of brokerage accounts 32 33 Fees for advisory services for underwriting or management of underwriting 33 34 Receipts from primary spread of seling concessions 34 35 Receipts from account maintenance fees 35 36 Fees for management or advisory services 36 37 Interest from an affiliated corporation 37 Section 210-A.5(c) 38 Interest, fees, and penalties from credit cards 38 39 Service charges and fees from credit cards 39 40 Receipts from merchant discounts 40 41 Receipts from credit card authorizations and settlement processing 41 42 Other credit card processing receipts 42 Section 210-A.5(d) 43 Receipts from certain services to investment companies 43 Section 210-AA 44 Receipts from railroad and trucking business 44 Section 210-AA-a 45 Receipts from the operation of vessels 45 Section 210-Al 46 Receipts from air freight forwarding 46 47 Receipts from other aviation services 47 Section 210-AS 48 Advertising in newspapers or periodicals 48 49 Advertising on television or radio 49 50 Advertising via other means 50 Section 210-A.9 51 Transportation or transmission of gas through pipes 51 Section 210-A.10 52 Receipts from other services/activities not specified 52 14643942 14643942 21727304 52a Receipts from other services/activities not specified 52a 11111 Ildirlill611111111 0III EFTA00806336 68681] 12-13.16 IT-204.1 (2016) Page 7 of 7 Payroll A B MCTD New York State 53 Wages and other compensation of employees except general executive officers I58 8721369 8721369 54 Average number of individuals employed full4ime in New York State (excluding employees with partnership-wide authority) 54 55 Gross proceeds or receipts from certain sales A B C NO HANDWRITTEN ENTRIES ON THIS FORM (for apportionment purposes) (see instructions) MCTD Now York State Everywhere 55 Sales of loans secured by real property 55 56 Sales of loans not secured by real property 56 57 Sales of other asset•backed securities 57 58 Sales of corporate bonds 58 59 Sales of physical commodities 59 Marked to market net gain or loss from deemed sales (for apportionment purposes) 60 Of loans secured by real property 60 61 Of loans not secured by real property 61 62 Of federal debt instruments 62 63 Of New York State and its political subdivisions debt instruments 63 64 Of other states and their political subdivisions debt instruments 64 65 Of government agency debt or assetbacked securities (through exchange) 65 66 Of all other asset•backed securities 66 67 Of corporate bonds through licensed exchange or broker/dealer 67 68 Of other corporate bonds 68 69 Of physical commodities 69 70 Of other fnancial instruments of one type 70 Items related to repurchase agreements and securities borrowing/lending agreements 71 Value of reverse repurchase agreements when partnership is purchaserAender 71 72 Value of borrowing agreements when partnership is securities borrower 72 73 Value of repurchase agreements when partnership is seller/borrower 73 74 Value of lending agreements when partnership is securities lender 74 75 Interest income from reverse repurchase agreements and securities borrowing agreements 75 76 Interest expense from repurchase agreements and securities lending agreements 76 IIIIII ni11ill EFTA00806337 NEXT MANAGEMENT LLC 13-3495607 DISREGARDED ENTITIES INCLUDED STATEMENT 1 IN THIS RETURN NAME FEIN METIER CREATIVE LLC 47-4398927 NY IT-204 INCOME (LOSS) FROM OTHER PARTNERSHIPS, ETC. STATEMENT 2 NAME AND ADDRESS EMPLOYER ID AMOUNT TWO TWELVE MANAGEMENT, LLC 20-1354409 137,818. TOTAL TO FORM IT-204, PAGE 2, LINE 6 137,818. NY IT-204 OTHER INCOME STATEMENT 3 DESCRIPTION AMOUNT FOREIGN EXCHANGE -156,411. TOTAL TO FORM IT-204, PAGE 2, LINE 9 -156,411. NY IT-204 OTHER DEDUCTIONS STATEMENT 4 DESCRIPTION AMOUNT ADMINISTRATIVE - OTHER 125,542. ADVERTISING 76,268. AMORTIZATION EXPENSE 201,053. BANK CHARGES 81,145. CLEANING SERVICE 46,123. COMMISSIONS EXPENSE 1,945,477. COMPUTER EXPENSE 56,901. CONSULTING FEES 530,543. DUES & SUBSCRIPTIONS 11,192. FILING FEES 8,815. INSURANCE 127,474. MEALS AND ENTERTAINMENT 76,748. MODEL EXPENSES 36,973. OFFICE 147,920. STATEMENT(S) 1, 2, 3, 4 EFTA00806338 NEXT MANAGEMENT LLC 13-3495607 OVERHEAD REIMBURSEMENT -1,325,013. PAYROLL FEES 15,273. POSTAGE & DELIVERY 11,747. PRINTING EXPENSE 52,768. PROFESSIONAL FEES 331,530. SCOUTING EXPENSE 14,890. TELEPHONE EXPENSE 198,608. TRAVEL 758,595. UTILITIES 31,395. TOTAL TO FORM IT-204, PAGE 2, LINE 24 3,561,967. NY IT-204 OTHER CURRENT ASSETS STATEMENT 5 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR PREPAID EXPENSES 159,432. 235,194. TOTAL TO FORM IT-204, PAGE 3, LINE 46 159,432. 235,194. NY IT-204 OTHER INVESTMENTS STATEMENT 6 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR INVESTMENT IN TWO TWELVE MANAGEMENT LLC 83,446. 224,591. TOTAL TO FORM IT-204, PAGE 3, LINE 48 83,446. 224,591. NY IT-204 OTHER ASSETS STATEMENT 7 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR DEPOSITS 43,931. 41,596. RESTRICTED CASH 40,000. 40,000. DUE FROM AFFLIATES 1,313,624. 827,056. DUE FROM MODELS 1,607,052. 1,596,064. DEFERRED TAX ASSET 64,000. 51,000. TOTAL TO FORM IT-204, PAGE 3, LINE 56 3,068,607. 2,555,716. STATEMENT(S) 4, 5, 6, 7 EFTA00806339 NEXT MANAGEMENT LLC 13-3495607 NY IT-204 OTHER CURRENT LIABILITIES STATEMENT 8 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR ACCRUED EXPENSES 1,786,832. 1,355,362. CITY ACCRUED TAX 0. 29,386. TOTAL TO FORM IT-204, PAGE 3, LINE 60 1,786,832. 1,384,748. NY IT-204 OTHER LIABILITIES STATEMENT 9 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR ADVANCES FROM AFFLIATES 8,342. 8,342. DUE TO RELATED PARTY 1,476,782. 1,459,962. DEFERRED RENT - LONG TERM 135,009. 222,660. TOTAL TO FORM IT-204, PAGE 3, LINE 63 1,620,133. 1,690,964. NY IT-204 OTHER DEDUCTIONS STATEMENT 10 DESCRIPTION AMOUNT CONTRIBUTIONS 12,512. TOTAL TO FORM IT-204, PAGE 5, LINE 99 12,512. NY IT-204 ITEMS REPORTED SEPARATELY TO PARTNERS STATEMENT 11 DESCRIPTION AMOUNT INVESTMENT INCOME 15,968. TOTAL TO FORM IT-204, PAGE 5, LINE 105 15,968. STATEMENT(S) 8, 9, 10, 11 EFTA00806340 flt r;,.: an rt-c: Finance r iYEW YORK New York State Modifications 1T-225 STATE Attachment to Form IT-201, IT-203, IT-204, or IT-205 2016 Name(s) as shown on return Identifying number as shown on return NEXT MANAGEMENT LLC 133495607 Complete all pals that apply to you; see instructions (Form IT-225-I). Submit this form with Form IT-201, IT-203, IT-204, or IT-205. NO HANDWRITTEN ENTRIES ON THIS FORM Mark an X in the box identifying the return you are filing: IT-201 IT-203 I I IT-204 El IT-205 El Schedule A - New York State additions (enter whole dollars only) Part 1 - Individuals, partnerships, and estates or trusts 1 New York State additions Number A - Total amount B - NYS allocated amount la A- 214 28871.00 2 0 442.00 lb A- 201 110586.00 78299.00 it A- 00 .00 Id A - 00 .00 le A - 00 .00 if A - 00 .00 lg A - 00 .00 2 Total (add column A, lines la through I g) 2 139457.00 3 Total of Schedule A• Part 1, column A amounts from additional Form(s) IT-225. if any 3 .00 4 Add lines 2 and 3 4 139457.00 Part 2 - Partners, shareholders, and beneficiaries Form IT201 filers: do not enter EA•113 A Form IT203 filers: do not enter EA•113 Form IT205 filers: do not enter EA•113 or Ek201 5 New York State additions Number A - Total amount B - NYS allocated amount 5a EA -201 17816.00 12614.00 5b EA - 00 .00 5c EA - 00 .00 5d EA - 00 .00 5e EA - 00 .00 5f EA - .00 .00 59 EA - .00 .00 6 Total (add column A lines 5a through 5g) 6 17816.00 7 Total of Schedule A, Part 2, column A amounts from additional Form(s) IT-225, If any 7 .00 8 Add lines 6 and 7 LI 17816.00 • 9 Total additions (add lines 4 and 8; see instructions) 9 157273.00 (continued) 225001161019 III 1111111111111111111 EFTA00806341 IT-225 (2016) (page 2) 6438.192 10-20-16 Schedule B - New York State subtractions (enter whole dollars only) Part 1 - Individuals, partnerships, and estates or trusts 10 New York State subtr tenons Number A - Total amount B - NYS allocated amount 10a S- 00 .00 10b S 00 .00 NO HANDWRITTEN ENTRIES ON THIS FORM 100 S- 00 .00 10d S- 00 .00 10e S- 00 .00 10f S 00 .00 10g S- .00 .00 11 Total (add column A, lines 10a through 10g) 11 .00 12 Total of Schedule B. Part 1. column A amounts from additional Form(s) if any 12 .00 13 Add lines 11 and 12 13 .00 Part 2 - Partners, shareholders, and beneficiaries A Form 1T201 filers: do not enter ES-106, ES-107, or ES-125 Form IT203 filers: do not enter ES-106, ES-107, or ES-125 Form IT205 filers: do not enter ES-125 14 New York State subtractions Number A - Total amount B - NYS allocated amount 143 Es 213 4 6 4 2 oo 3287.00 14b ES - 00 .00 14c ES - 00 .00 194 ES - 00 .00 14e ES - 00 .00 14f ES - 00 .00 14g ES - .00 .00 15 Total (add column A, lines Ma through 14g) 15 4642.00 16 Total of Schedule B, Part 2, column A amounts from additional Form(s) IT225, If any 16 .00 17 Add lines 15 and 16 [Id 4 6 4 2 oo 18 Total subtractions (add fines 13 and 17; see instructions) 18 4 6 4 2.00 225002161019 III I iiir111 1111 0 III EFTA00806342 Department of Taxation and Finance r iNEW YORK New York Corporate Partner's IT-204-CP Schedule K-1 2016 STATE Tax Law - Article 9-A 1 El Final K-1 For calendar year 2016 or tax year beginning 01012016 and ending 12312016 El Amended K-1 Partners: Before completing your franchise tax return, see Form IT•204-CP.I. Partner's Instructions for Form IT-204-CP (available at www.tax.ny.gov). Partnership's information Partnership's name (as shown on Form IT204) Partnership's EIN O NEXT MANAGEMENT LLC 133495607 A Mark an X in the box if either applies to your entity Publicly traded partnership Portfolio investment partnership O B Tax shelter registration number. if any Partner's information (see instructions) Partners name Partner's EIN ti CLAXON INC C/O NEXT MANAGEMENT LLC 133508513 Partner's address 15 WATTS STREET rn City State ZIP code NEW YORK NY 10013 C The partner is a (mad. on X In Me appropnate box) ILI General partner or LLC inembermanager U Limited partner or other LLC member D What is the New York tax filing status of the partner? (Mark an X in the appropriate box, if known.) C corporation ❑ S corporation El Partnership E If the partner is a disregarded entity, enter the EIN of the entity reporting the income of the partner (if known) F Did the partner sell its entire interest during the tax year? F Yes ❑ No M G Partners share of profit, loss, and capital Beginning Ending 1) Profit G1 42.0001 42.0000% 2) Loss G2 42.0000 42.0000% 3) Capital G3 42.00004v 42.0000% H Partners share of liabilities at the end of the year 1) Nonrecourse H1 402290 2) Qualified nonrecotase financing H2 3) Recourse H3 7543181 I Partner's capital account analysis 1) Beginning capital account 11 492058 2) Capital contributed during the year • cash 12 3) Capital contributed during the year • property 13 4) Current year increase (decrease) 14 1154322 5) Withdrawals and distributions • cash 15 945000 6) Withdrawals and distributions • property 16 7) Ending capital account 17 701380 8) Method of accounting mark an X In theeppropnate bo. El Tax basis GAAP Other (submit explanation) 117001161019 EFTA00806343 588822 12-15-18 Page 2 of 11 IT-204-CP (2016) J Was Form CT•265&E filed with the partnership? J Yes El No ❑ K NYS estimated tax paid on behalf of parole( (from Form CT-2658) Date Amount 1) Fist installment Ki 2) Second installment K2 3) Third installment K3 4) Fourth installment K4 Total NYS estimated tax paid on behalf of partner (add fines Kt through K4) K NO HANDWRITTEN ENTRIES ON THIS FORM Partner's share of entire net income (EM) information when the corporate partner's New York tax filing status is a C corporation ENI addition modifications 1 Total additions 1 46446 A - Number B - Amount A - Number B - Amount la EA - 50 5 46446 ld EA - lb EA - le EA - le EA - if EA - ENI subtraction modifications 2 Total subtractions 2 1950 A - Number B - Amount A - Number B - Amount 2a ES- 507 1950 2d ES - 2b ES - 2e ES - 2e ES - 2f ES - Partner's proportionate part of assets and liabilities(for New York C corporate partners only) Average value 3 Total assets 3 7551265 4 Real property and marketable securities included on line 3 4 5 Real property and marketable securities at fair market value (FMV) 5 6 Average value of adjusted total assets 6 7551265 7 Total liabilities 7 6954544 8 Liabilities directly attributable to business capital a 9 Liabilities directly attributable to investment capital 9 IIIIII1 111111111IIII EFTA00806344 688831 12-13.16 IT-204-CP (2016) Page 3 of 11 Partner's proportionate part of items related to investment capital under Article 9-A(forNew York C corporate partners only) Part 1 - Investment capital that generates income claimed not taxable by New York under the U.S. Constitution Description of asset (identify each asset, and enter number ol shares (if applicable) and date acquired here; for each asset complete columns D through G on the corresponding lines below; enter omy directly owned assets in items A through G) ror eacn nem "mei]. in columns r tnrouon t . enter me •imormation tor me parmersnip • as a wnore Item A • Description of asset B • Number of shares C • Date acquired acquired, if applicable NO HANDWRITTEN ENTRIES ON THIS FORM A B C D E F Item 0 E F G H Number of Date sold Average Liabilities directly Net average shares sold. if applicable FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 10 Total proportionate part of columns F and G (see instructions) 10 Part 2 • Investment capital • stocks actually held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B - Number of shares C • Date acquired acquired A B C D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 11 Total proportionate part of colurms F and G (see instructions) 11 IIIIIIIIII11111111161111111111 EFTA00806345 6438832 12.13.16 Page 4 of 11 IT-209-CP (2016) Part 3 - Investment capital - stocks presumed held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns F and G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B - Number of shares C • Date =wires acquired A B C NO HANDWRITTEN ENTRIES ON THIS FORM D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 12 Total proportionate part of columns F and G (see instructions) 12 Part 4 - Total Investment capital 13 Total average FMV and liabilities directly attributable (add lines 10, 11. and 12 in columns F and G) 13 Part 6 - Prior year Investment capital - stocks that did not meet holding period requirement Description of Investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) rcr eacn nem owed. in columns X tnrouqn t.i. enter me 'imormation for me parrnersnip • as a wnoie. Item A • Name/CUSIP/CINSAot number B - Number of shares C • Date acquired acquired A B C D E F ROM D E F G H Number of Date sold Average FMV Liabilities directly attributable shares solo as previously reported as previously reported I 1 A B C D E F Total from additional sheet(s) and/or partnerships .. 14 Total proportionate part of columns F and G (see instructions) 14 IIIIMIiiill/161111111111 IIHI EFTA00806346 688841 17-13.16 IT-204-CP (2016) Page 5 of 11 Part 6 - Prior year gross investment income for stocks that did not meet holding period requirement 15 Prior year presumed gross investment income from stocks presumed in the prior year to be held more than one year that failed to meet the presumption (see Instructions) 15 Partner's share of items related to investment and other exempt income under Article 9-A(Tor New York C corporate partners only) NO HANDWRITTEN ENTRIES ON THIS FORM 16 Gross exempt crossarticle dividends 16 17 Gross exempt controlled foreign corporation (CFC) Income 17 18 Gross exempt unitary corporation dividends 18 19 Gross investment income from investments generating income not taxable by New York State under the U.S. Constitution 19 20 Dividend Income from investment capital from stocks actually held more than one year 20 21 Net capital gains in excess of losses from investment capital from stocks actually held more than one year 21 22 Dividend income from investment capital from stocks presumed held more than one year 22 Partner's share of items related to interest deductions directly attributable to investment and other exempt income under Article 9-A (for New York C corporate partners only) 23 Interest expense per federal Form 1065. line 15 23 30 24 Interest deductions directly attributable to income reported on line 16 24 25 Interest deductions directly attributable to income reported on line 17 25 26 Interest deductions directly attributable to income reported on line 18 26 27 Interest deductions directly attributable to income reported on line 19 27 28 Interest deductions directly attributable to income reported on line 20 28 29 Interest deductions directly attributable to income reported on line 21 29 30 Interest deductions directly attributable to income reported on line 22 30 31 Interest deductions directly attributable to business capital 31 Partner's share and proportionate part of items related to subtraction modification for qualified banks 32 Qualified residential loan portfolio assets 32 33 Gross interest income from qualifying loans 33 33a Gross interest income from all loans 33a 33b Gross interest expense from all loans 331) Partner's share and proportionate part of items related to manufacturing 34 Total receipts from the sale of goods by manufacturing 34 34a Receipts received from the generation and distribution of electricity, the distribution of natural gas, and the production of steam associated with the generation of electricity 35 Adjusted basis of qualified manufacturing property 35a Number of employees employed in manufacturing in New York E35 1111111 IIInu EFTA00806347 686842 12.13.16 Page 6 of 11 IT-204-CP (2016) Partner's share of New York modifications (for New Yost( S corporate panners only) 36 New York State additions Number A - Total amount 36a EA - 36b EA - 36c EA - 36d EA - NO HANDWRITTEN ENTRIES ON THIS FORM 36c EA - 361 EA - 37 Total addition modifications (total of column A, lines 36a through 360 37 38 New York State subtractions Number A - Total amount 38a ES - 38b ES - 38c ES - 38d ES - 38c ES - 381 ES - 39 Total subtraction modifications (totalof column A, lines 38a through 380 39 40 Additions to federal itemized deductions Letter Amount 40a 40b 40c 40d 40e 401 41 Total additions to federal itemized deductions (add lines 40a through 40t) 41 42 Subtractions from federal itemized deductions Letter Amount 42a 42b 42c 42d 42c 421 43 Total subtractions from federal itemized deductions (add lines 42a through 420 43 IIIIMIIIII 11111611611111111 IIII EFTA00806348 68,31103 17-13-16 IT-204-CP (2016) Page 7 of 11 Partner's share of income, deductions, etc. (from federal Form 1065. Schedule K-1) Partner's distributive share items 44 Ordinary business income (loss) 44 1050186 45 Net rental real estate income (loss) 45 46 Other net rental income (loss) 46 47 Guaranteed payments 47 48 Interest income 48 6707 49 Ordinary dividends 49 NO HANDWRITTEN ENTRIES ON THIS FORM 50 Royalties 50 51 Net short-term capital gain (loss) 51 52 Net longterm capital gain (loss) 52 53 Net section 1231 gain (loss) 53 54 Other income (loss) 54 Identify: 55 Section 179 deduction 55 27100 56 Other deductions (see instructions) 56 5255 Identify: SEE STATEMENT 57 Taxexempt income and nondeductible expenses (see instructions) 57 53684 58 Distributions • cash and marketable securities 58 945000 59 Distributions • other property 59 60 Other Items not inckrded above that are required to be reported separately to partners 60 6707 Identify: SEE STATEMENT Partner's credit information (see instructions) Part 1 - Flow-through credit bases and information Brownfield redevelopment tax credit (Form CT-611. F01771CT-611.1. or Form CT-611.2) A - Form CT-611 B - Form CT-611A C - Form CT-611.2 61 Site preparation credit component 61 62 Tangible property credit component 62 63 On•site groundwater remediatica credit component 63 EZ capital tax credit (Form CT-602) 64 Recapture of credit for investments in certified EZ businesses 64 65 Recapture of credit for contributions of money to EZ community development projects 65 QEZE tax reduction credit (Form CT-604-CP) 66 QEZE employment increase factor 66 67 QEZE zone allocation factor 67 68 QEZE benefit period factor 68 Excelsior jobs program tax credit (Form CT-607) 69 Excelsior jobs tax credit component 69 70 Excelsior investment tax credit component 70 71 Excelsior research and development tax credit component 71 72 Excelsior real property tax credit component 72 IIIIII HiHill EFTA00806349 Page 8 of 11 IT-204-CP (2016) GRES44 $2•• fi Partner's credit information (continued) Farmers' school tax credit (Form CT-47) 73 Acres of qualified agricultural property 73 74 Acres of qualified conservation property 74 75 Eligible school district property taxes paid 75 76 Acres of qualified agricultural property converted to nonqualified use 76 NO HANDWRITTEN ENTRIES ON THIS FORM Other flow-through credit bases and information Credit bases Code Amount Code Amount 77a 77d 77b 77e 77c 77f Credit information Code Information Code Information 77g 77j 77h 77k 77i 771 Part 2 - Flow-through credits, addbacks, and recaptures 78 Flowthrough credits Code Amount Code Amount 78a 78e 78b 78f 78c 78g 78d 78h 79 Addbacks of credits and recaptures Code Amount Code Amount 79d 79b 79e 79c 79f Part 3 - START-UP NY tax elimination credit information(Rvm CT-638) 80 STARTUP NY business certificate number (Form DTF-74) 80 81 Year of STARTUP NY business tax benefit period 81 82 STARTUP NY area allocation factor 82 Partner's share of apportionment and Metropolitan Commuter Transportation District (MCTD) information Part 1 1 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in New York State? (mark an X in the appropriate box) Yes El No 2 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in the MCTD? (mark an X in the appropriate box) Yes El No Average value of property A - MCTD B - New York State 3 Real estate owned 3 4 Real estate rented 4 5 Inventories owned 5 8 Tangible personal property owned 8 7 Tangible personal property rented 7 IIIIIIIII IIIIIIIII VIIIIIIIIIII EFTA00806350 684845 12-13-14 IT-204-CP (2016) Page 9 of 11 Part 2 A B C Receipts from: PACTD Now York State Everywhere Section 210-A.2 1 Sales of tangible personal property 1 2 Sales of electricity 2 3 Net gains from sales of real property 3 Section 210-A.3 4 Rentals of real and tangible personal property 4 NO HANDWRITTEN ENTRIES ON THIS FORM Royalties from patents. copyrights, trademarks, and similar intangible personal property 5 6 Sales of rights for certain cbsecicircuit and cable TV transmissions of an event 6 Section 210-A.4 7 Sale, licensing, or granting access to digital products 7 7a Sale, licensing, or granting access to digital products 7a 8 This line intentionally left blank 8 Section 210-A.5(aX2XA) 9 Interest from loans secured by real property 9 10 Net gains from sales of loans secured by real property 10 11 Interest from loans not secured by real property 11 12 Net gains from sales of loans not secured by real property D 12 Section 210-A.5(aX2XB) ❑ 13 Interest from federal debt 13 14 15 Interest from NYS and its political subdivisions debt 15 16 Net gains from federal, NYS, and NYS political subdivisions debt 16 17 Interest from other states and their political subdivisions debt 17 18 Net gains from other states and their political subdivisions debt 18 Section 210-A.5(aX2XC) ❑ 19 Interest from asset-backed securities and other government agency debt 19 20 Net gains from government agency debt or asset-backed securities sold through an exchange 20 21 Net gains from all other asset-backed securities 21 Section 210-A.5(aX2XD) 22 Interest from corporate bonds 22 23 Net gains from corporate bonds sold through broker/dealer or licensed exchange 23 24 Net gains from other corporate bonds 24 Section 210-A.5(aX2XE) 25 Net Interest from reverse repurchase and securities borrowing agreements 25 Section 210-A.5(aX2XF) 26 Net interest from federal funds 26 Section 210-A.5(aX2X0 27 Net income from sales of physical commodities 27 Section 210-A.5(aX2XJ) D 28 Marked to market net gains 28 117009161019 IIIIIIIII1IIIIIII111111 IIIHIII EFTA00806351 648846 12.13.1E Page 10 of 11 IT-204-CP (2016) Part 2 A B c Receipts from: Section 210-A.5(aX2Xii) 210-A.5(aX2XG) H ric ' u New York State Everywhere 29 Interest from other financial instruments 29 30 Net gains from other financial instruments 30 30a Net gains from other financial instruments (broker/dealer/exchange) 30a 30b Other income from other financial instruments 30b NO HANDWRITTEN ENTRIES ON THIS FORM 30c Other income from other financial instruments (broker/dealer/exchange) 30c 30d Dividends from stock that is business capital 30d 30e Net gains from sales of stock that is business capital 30e 301 Net gains from sales of partnership interests 30f Section 210-A.5(b) 31 Brokerage commissions 31 32 Margin interest earned on behalf of brokerage accounts 32 33 Fees for advisory services for underwriting or management of underwriting 33 34 Receipts from primary spread of seling concessions 34 35 Receipts from account maintenance fees 35 36 Fees for management or advisory services 36 37 Interest from an affiliated corporation 37 Section 210-A.5(c) 38 Interest, fees, and penalties from credit cards 38 39 Service charges and fees from credit cards 39 40 Receipts from merchant discounts 40 41 Receipts from credit card authorizations and settlement processing 41 42 Other credit card processing receipts ,,, ,,, ,,,,,,,,, ,,, , , 42 Section 210-A.5(d) 43 Receipts from certain services to investment companies 43 Section 210-A6 44 Receipts from railroad and trucking business 44 Section 210-AA-a 45 Receipts from the operation of vessels 45 Section 210-Al 46 Receipts from air freight forwarding 46 47 Receipts from other aviation services 47 Section 210-AS 48 Advertising in newspapers or periodicals 48 49 Advertising on television or radio 49 50 Advertising via other means 50 Section 210-A.9 51 Transportation or transmission of gas through pipes 51 Section 210-A.10 52 Receipts from other services/activities not specified 52 6150456 6150456 9125468 52a Receipts from other services/activities not specified 62a III 11111111 611 ilIIIIIIII EFTA00806352 688447 12-13-16 I7-204-CP (2016) Page 11 of 11 Payroll A B MCTD New York State 53 Wages and other compensation of employees except general executive officers 53 3662975 3662975 54 Average number of individuals employed full time in New York State (excluding employees with partnership-wide authority) 64 23 Gross proceeds or receipts from certain sales A 6 C NO HANDWRITTEN ENTRIES ON THIS FORM (for apportionment purposes) (see instructions) MCTD New York State Everywhere 55 Sales of loans secured by real property 55 56 Sales of loans not secured by real property 56 57 Sales of other asset-backed securities 57 58 Sales of corporate bonds 58 59 Sales of physical commodities 59 Marked to market net gain or loss from deemed sales (for apportionment purposes) 60 Of loans secured by real property 60 61 Of loans not secured by real property 61 62 Of federal debt instruments 62 63 Of New York State and its political subdivisions debt instruments 63 64 Of other states and their political subdivisions debt instruments 64 65 Of government agency debt or assetbacked securities (through exchange) 65 66 Of all other asset-backed securities 66 67 Of corporate bonds through licensed exchange or broker/dealer 67 68 Of other corporate bonds 68 69 Of physical commodities 69 70 Of other fnancial instruments of one type 70 Items related to repurchase agreements and securities borrowing/lending agreements 71 Value of reverse repurchase agreements when partnership is purchaser/lender 71 72 Value of borrowing agreements when partnership is securities borrower 72 73 Value of repurchase agreements when partnership is seller/borrower 73 74 Value of lending agreements when partnership is securities lender 74 75 Interest income from reverse repurchase agreements and securities borrowing agreements 75 76 Interest expense from repurchase agreements and securities lending agreements 76 IIInu 117011161019 EFTA00806353 NEXT MANAGEMENT LLC 13-3495607 NY IT-204-CP OTHER DEDUCTIONS AMOUNT FROM NY FEDERAL STATE DESCRIPTION SCHEDULE K-1 AMOUNT CASH CONTRIBUTIONS (50%) 5,255. 3,721. TOTAL TO FORM IT-204-CP, PAGE 7, LINE 56 5,255. 3,721. NY IT-204-CP OTHER ITEMS REQUIRED TO BE REPORTED SEPARATELY AMOUNT FROM NEW YORK FEDERAL STATE DESCRIPTION SCHEDULE K-1 AMOUNT INVESTMENT INCOME 6,707. 4,749. TOTAL TO FORM IT-204-CP, PAGE 7, LINE 60 6,707. 4,749. PARTNER NUMBER 1 EFTA00806354 Department of Taxation and Finance r iNEW YORK New York Corporate Partner's I T. 204-CP STATE Schedule K-1 2016 Tax Law - Article 9-A 2 El Final K-1 For calendar year 2016 or tax year beginning 01012016 and ending 12312016 El Amended K-1 Partners: Before completing your franchise tax return, see Form IT•204-CP.I. Partner's Instructions for Form IT-204-CP (available at www.tax.ny.gov). Partnership's information Partnership's name (as shown on Form IT•204) Partnership's EIN O NEXT MANAGEMENT LLC 133495607 A Mark an X in the box if either applies to your entity Publicly traded partnership Portfolio investment partnership O B Tax shelter registration number. if any B Partner's information (see instructions) Partners name Partners EIN ti PARTNERSHIP HOLDING CORP. CIO NEXT MA 133501977 Partner's address 15 WATTS STREET rn City State ZIP code NEW YORK NY 10013 C The partner is a kriath on X In Me appropriate box) ULI General partner or LLC Inembermanager U Limited partner or other LLC member I) What is the New York tax filing status of the partner? (Mark an X in the appropriate box, if known.) ❑ C corporation ❑S corporation El Partnership E If the partner is a disregarded entity, enter the EIN of the entity reporting the income of the partner (if known) F Did the partner sell its entire interest during the tax year? F Yes ❑ No M G Partners share of profit, loss, and capital Beginning Ending 1) Profit G1 31.0001 31.0000% 2) Loss G2 31.0000 31.0000% 3) Capital G3 31.00004v 31.0000% H Partners share of liabilities at the end of the year 1) Nonrecourse H1 296929 2) Qualified nonrecourse financing H2 3) Recourse H3 5567586 I Partner's capital account analysis 1) Beginning capital account 11 363187 2) Capital contributed during the year • cash 12 3) Capital contributed during the year • property 13 4) Current year increase (decrease) 14 852000 5) Withdrawals and distributions • cash 15 697500 6) Withdrawals and distributions • property 16 7) Ending capital account 17 517687 8) Method of accounting mark an X in theeppropnate bo. El Tax basis GAAP Other (submit explanation) III11111 117001161019 EFTA00806355 CE.52, V•'3.16 Page 2 of 11 IT-204-CP (2016) J Was Form CT•265&E filed with the partnership? J Yes El No K NYS estimated tax paid on behalf of partner (fromRIM CT-2658) Date Amount 1) First installment K 2) Second installment K2 3) Third installment K3 4) Fourth installment K4 Total NYS estimated tax paid on behalf of partner (add fines Kt through K4) K NO HANDWRITTEN ENTRIES ON THIS FORM Partner's share of entire net income (ENI) information when the corporate partner's New York tax filing status is a C corporation ENI addition modifications 1 Total additions A - Number B - Amount A - Number B - Amount 10 EA- td EA - lb EA- to EA - ic EA - 11 EA - ENI subtraction modifications 2 Total subtractions 2 A - Number B-AmoJnt A - Number B - Amount 2a ES - 2d ES - 2b ES - 2e ES - 2c ES - 21 ES - Partner's proportionate part of assets and liabilities(for New York corporate partners only) Average value 3 Total assets 3 4 Real property and marketable securities included on line 3 4 5 Real property and marketable securities at fair market value (FMV) 5 6 Average value of adjusted total assets 6 7 Total liabilities 7 8 Liabilities directly attributable to business capital 8 9 Liabilities directly attributable to investment capital 9 MIMIMI11 2 1111161ill'IIIIIII EFTA00806356 688831 12-13.16 IT-204-CP (2016) Page 3 of 11 Partner's proportionate part of items related to investment capital under Article 9-A(forNew York C corporate partners only) Part 1 - Investment capital that generates income claimed not taxable by New York under the U.S. Constitution Description of asset (identify each asset, and enter number ol shares (if applicable) and date acquired here; for each asset complete columns D through G on the corresponding lines below; enter omy directly owned assets in items A through G) ror eacn nem "mei]. in columns r tnrouon t . enter me •imormation tor me parmersnip • as a wnore Item A • Description of asset B • Number of shares C • Date acquired acquired, if applicable NO HANDWRITTEN ENTRIES ON THIS FORM A B C D E F Item 0 E F G H Number of Date sold Average Liabilities directly Net average shares sold. if applicable FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 10 Total proportionate part of columns F and G (see instructions) 10 Part 2 • Investment capital • stocks actually held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B - Number of shares C • Date acquired acquired A B C D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 11 Total proportionate part of colurms F and G (see instructions) 11 IIIIIIIIII11111111161111111111 EFTA00806357 6438832 12.13.16 Page 4 of 11 IT-209-CP (2016) Part 3 - Investment capital - stocks presumed held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns F and G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B - Number of shares C • Date =wires acquired A B C NO HANDWRITTEN ENTRIES ON THIS FORM D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 12 Total proportionate part of columns F and G (see instructions) 12 Part 4 - Total Investment capital 13 Total average FMV and liabilities directly attributable (add lines 10, 11. and 12 in columns F and G) 13 Part 6 - Prior year Investment capital - stocks that did not meet holding period requirement Description of Investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) rcr eacn nem owed. in columns X tnrouqn t.i. enter me 'imormation for me parrnersnip • as a wnoie. Item A • Name/CUSIP/CINSAot number B - Number of shares C • Date acquired acquired A B C D E F ROM D E F G H Number of Date sold Average FMV Liabilities directly attributable shares solo as previously reported as previously reported I 1 A B C D E F Total from additional sheet(s) and/or partnerships .. 14 Total proportionate part of columns F and G (see instructions) 14 IIIIMIiiill/161111111111 IIHI EFTA00806358 688841 17-13.16 IT-204-CP (2016) Page 5 of 11 Part 6 - Prior year gross investment income for stocks that did not meet holding period requirement 15 Prior year presumed gross investment income from stocks presumed in the prior year to be held more than one year that failed to meet the presumption (see Instructions) 15 Partner's share of items related to investment and other exempt income under Article 9-A(for New York C corporate partners only) NO HANDWRITTEN ENTRIES ON THIS FORM 16 Gross exempt crossarticle dividends 16 17 Gross exempt controlled foreign corporation (CFC) Income 17 18 Gross exempt unitary corporation dividends 18 19 Gross investment income from investments generating income not taxable by New York State under the U.S. Constitution 19 20 Dividend Income from investment capital from stocks actually held more than one year 20 21 Net capital gains in excess of losses from investment capital from stocks actually held more than one year 21 22 Dividend income from investment capital from stocks presumed held more than one year 22 Partner's share of items related to interest deductions directly attributable to investment and other exempt income under Article 9-A (for New York C corporate partners only) 23 Interest expense per federal Form 1065. line 15 23 24 Interest deductions directly attributable to income reported on line 16 24 25 Interest deductions directly attributable to income reported on line 17 25 26 Interest deductions directly attributable to income reported on line 18 26 27 Interest deductions directly attributable to income reported on line 19 27 28 Interest deductions directly attributable to income reported on line 20 28 29 Interest deductions directly attributable to income reported on line 21 29 30 Interest deductions directly attributable to income reported on line 22 30 31 Interest deductions directly attributable to business capital 31 Partner's share and proportionate part of items related to subtraction modification for qualified banks 32 Qualified residential loan portfolio assets 32 33 Gross interest income from qualifying loans 33 33a Gross interest income from all loans 33a 33b Gross interest expense from all loans 331) Partner's share and proportionate part of items related to manufacturing 34 Total receipts from the sale of goods by manufacturing 34 34a Receipts received from the generation and distribution of electricity, the distribution of natural gas, and the production of steam associated with the generation of electricity 35 Adjusted basis of qualified manufacturing property 35a Number of employees employed in manufacturing in New York E35 117005161019 IIIIIIIII IIIIIIIII VIIIIIIIIIII EFTA00806359 686842 12.13.16 Page 6 of t t IT-204-CP (2016) Partner's share of New York modifications (for New York S corporate panners only) 36 Now York State additions Number A- Total amount 36a EA -214 8950 36b EA -201 5523 36c EA -201 34282 36d EA - NO HANDWRITTEN ENTRIES ON THIS FORM 36c EA - 361 EA - 37 Total addition modifications (total of column A, lines 36a through 360 37 48755 38 New York State subtractions Number A - Total amount 38a Es -213 1439 38b ES - 38c ES - 38d ES - 38e ES - 381 ES - 39 Total subtraction modifications (total of column A, lines 38a through 380 39 1439 4O Additions to federal itemized deductions Letter Amount 40a 40b 40c 40d 40c 4O1 41 Total additions to federal itemized deductions (add lines 40a through 40t) 41 42 Subtractions from federal itemized deductions Letter Amount 42a 42b 42c 42d 42c 421 43 Total subtractions from federal itemized deductions (add lines 42a through 420 43 Iq r IIIIMIIIII 1111111 61161 1IIIIIIII 1 1f J.+ 01 EFTA00806360 68,31103 17-13-16 IT-204-CP (2016) Page 7 of 11 Partner's share of income, deductions, etc. (from federal Form 1065. Schedule K-1) Partner's distributive share items 44 Ordinary business income (loss) 44 775137 45 Net rental real estate income (loss) 45 46 Other net rental income (loss) 46 47 Guaranteed payments 47 48 Interest income 48 4950 49 Ordinary dividends 49 NO HANDWRITTEN ENTRIES ON THIS FORM 50 Royalties 50 51 Net short-term capital gain (loss) 51 52 Net longterm capital gain (loss) 52 53 Net section 1231 gain (loss) 53 54 Other income (loss) 54 Identify: 55 Section 179 deduction 55 20002 56 Other deductions (see instructions) 56 3879 Identify: SEE STATEMENT 57 Taxexempt income and nondeductible expenses (see instructions) 57 39623 58 Distributions • cash and marketable securities 58 697500 59 Distributions • other property 59 60 Other Items not inckrded above that are required to be reported separately to partners 60 4950 Identify: SEE STATEMENT Partner's credit information (see instructions) Part 1 - Flow-through credit bases and information Brownfield redevelopment tax credit (Form CT-611. F01771CT-611.1. or Form CT-611.2) A - Form CT-611 B - Form CT-611A C - Form CT-611.2 61 Site preparation credit component 61 62 Tangible property credit component 62 63 On•site groundwater remediatica credit component 63 EZ capital tax credit (Form CT-602) 64 Recapture of credit for investments in certified EZ businesses 64 65 Recapture of credit for contributions of money to EZ community development projects 65 QEZE tax reduction credit (Form CT-604-CP) 66 QEZE employment increase factor 66 67 QEZE zone allocation factor 67 68 QEZE benefit period factor 68 Excelsior jobs program tax credit (Form CT-607) 69 Excelsior jobs tax credit component 69 70 Excelsior investment tax credit component 70 71 Excelsior research and development tax credit component 71 72 Excelsior real property tax credit component 72 IIIIII HiHill EFTA00806361 Page 8 of 11 IT-204-CP (2016) GRES44 $2•• fi Partner's credit information (continued) Farmers' school tax credit (Form CT-47) 73 Acres of qualified agricultural property 73 74 Acres of qualified conservation property 74 75 Eligible school district property taxes paid 75 76 Acres of qualified agricultural property converted to nonqualified use 76 NO HANDWRITTEN ENTRIES ON THIS FORM Other flow-through credit bases and information Credit bases Code Amount Code Amount 77a 77d 77b 77e 77c 77f Credit information Code Information Code Information 77g 77j 77h 77k 77i 771 Part 2 - Flow-through credits, addbacks, and recaptures 78 Flowthrough credits Code Amount Code Amount 78a 78e 78b 78f 78c 78g 78d 78h 79 Addbacks of credits and recaptures Code Amount Code Amount 79d 79b 79e 79c 79f Part 3 - START-UP NY tax elimination credit information(Rvm CT-638) 80 STARTUP NY business certificate number (Form DTF-74) 80 81 Year of STARTUP NY business tax benefit period 81 82 STARTUP NY area allocation factor 82 Partner's share of apportionment and Metropolitan Commuter Transportation District (MCTD) information Part 1 1 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in New York State? (mark an X in the appropriate box) Yes El No 2 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in the MCTD? (mark an X in the appropriate box) Yes El No Average value of property A - MCTD B - New York State 3 Real estate owned 3 4 Real estate rented 4 5 Inventories owned 5 8 Tangible personal property owned 8 7 Tangible personal property rented 7 IIIIIIIII IIIIIIIII VIIIIIIIIIII EFTA00806362 684845 12-13-14 IT-204-CP (2016) Page 9 of 11 Part 2 A B C Receipts from: PACTD Now York State Everywhere Section 210-A.2 1 Sales of tangible personal property 1 2 Sales of electricity 2 3 Net gains from sales of real property 3 Section 210-A.3 4 Rentals of real and tangible personal property 4 NO HANDWRITTEN ENTRIES ON THIS FORM Royalties from patents. copyrights, trademarks, and similar intangible personal property 5 6 Sales of rights for certain cbsecicircuit and cable TV transmissions of an event 6 Section 210-A.4 7 Sale, licensing, or granting access to digital products 7 7a Sale, licensing, or granting access to digital products 7a 8 This line intentionally left blank 8 Section 210-A.5(aX2XA) 9 Interest from loans secured by real property 9 10 Net gains from sales of loans secured by real property 10 11 Interest from loans not secured by real property 11 12 Net gains from sales of loans not secured by real property D 12 Section 210-A.5(aX2XB) ❑ 13 Interest from federal debt 13 14 15 Interest from NYS and its political subdivisions debt 15 16 Net gains from federal, NYS, and NYS political subdivisions debt 16 17 Interest from other states and their political subdivisions debt 17 18 Net gains from other states and their political subdivisions debt 18 Section 210-A.5(aX2XC) ❑ 19 Interest from asset-backed securities and other government agency debt 19 20 Net gains from government agency debt or asset-backed securities sold through an exchange 20 21 Net gains from all other asset-backed securities 21 Section 210-A.5(aX2XD) 22 Interest from corporate bonds 22 23 Net gains from corporate bonds sold through broker/dealer or licensed exchange 23 24 Net gains from other corporate bonds 24 Section 210-A.5(aX2XE) 25 Net Interest from reverse repurchase and securities borrowing agreements 25 Section 210-A.5(aX2XF) 26 Net interest from federal funds 26 Section 210-A.5(aX2X0 27 Net income from sales of physical commodities 27 Section 210-A.5(aX2XJ) D 28 Marked to market net gains 28 117009161019 IIIIIIIII1IIIIIII111111 IIIHIII EFTA00806363 648846 12.13.1E Page 10 of 11 IT-204-CP (2016) Part 2 A B c Receipts from: Section 210-A.5(aX2Xii) 210-A.5(aX2XG) H ric ' u New York State Everywhere 29 Interest from other financial instruments 29 30 Net gains from other financial instruments 30 30a Net gains from other financial instruments (broker/dealer/exchange) 30a 30b Other income from other financial instruments 30b NO HANDWRITTEN ENTRIES ON THIS FORM 30c Other income from other financial instruments (broker/dealer/exchange) 30c 30d Dividends from stock that is business capital 30d 30e Net gains from sales of stock that is business capital 30e 301 Net gains from sales of partnership interests 30f Section 210-A.5(b) 31 Brokerage commissions 31 32 Margin interest earned on behalf of brokerage accounts 32 33 Fees for advisory services for underwriting or management of underwriting 33 34 Receipts from primary spread of seling concessions 34 35 Receipts from account maintenance fees 35 36 Fees for management or advisory services 36 37 Interest from an affiliated corporation 37 Section 210-A.5(c) 38 Interest, fees, and penalties from credit cards 38 39 Service charges and fees from credit cards 39 40 Receipts from merchant discounts 40 41 Receipts from credit card authorizations and settlement processing 41 42 Other credit card processing receipts ,,, ,,, ,,,,,,,,, ,,, , , 42 Section 210-A.5(d) 43 Receipts from certain services to investment companies 43 Section 210-AB 44 Receipts from railroad and trucking business 44 Section 210-AB-a 45 Receipts from the operation of vessels 45 Section 210-Al 46 Receipts from air freight forwarding 46 47 Receipts from other aviation services 47 Section 210-AS 48 Advertising in newspapers or periodicals 48 49 Advertising on television or radio 49 50 Advertising via other means 50 Section 210-A.9 51 Transportation or transmission of gas through pipes 51 Section 210-A.10 52 Receipts from other services/activities not specified 52 4539622 6735464 52a Receipts from other services/activities not specified 62a 117010161019 IIIIIIIII1IIII1III111111 1IIIIIII kfi r. EFTA00806364 688447 12-13-16 IT-204-CP (2016) Page 11 of 11 Payroll A B MCTD New York State 53 Wages and other compensation of employees except general executive officers 53 2703624 54 Average number of individuals employed full time in New York State (excluding employees with partnership-wide authority) 54 17 Gross proceeds or receipts from certain sales A B C NO HANDWRITTEN ENTRIES ON THIS FORM (for apportionment purposes) (see instructions) MCTD New York State Everywhere 55 Sales of loans secured by real property 55 56 Sales of loans not secured by real property 56 57 Sales of other asset-backed securities 57 58 Sales of corporate bonds 58 59 Sales of physical commodities 59 Marked to market net gain or loss from deemed sales (for apportionment purposes) 60 Of loans secured by real property 60 61 Of loans not secured by real property 61 62 Of federal debt instruments 62 63 Of New York State and its political subdivisions debt instruments 63 64 Of other states and their political subdivisions debt instruments 64 65 Of government agency debt or assetbacked securities (through exchange) 65 66 Of all other asset-backed securities 66 67 Of corporate bonds through licensed exchange or broker/dealer 67 68 Of other corporate bonds 68 69 Of physical commodities 69 70 Of other fnancial instruments of one type 70 Items related to repurchase agreements and securities borrowing/lending agreements 71 Value of reverse repurchase agreements when partnership is purchaserAender 71 72 Value of borrowing agreements when partnership is securities borrower 72 73 Value of repurchase agreements when partnership is seller/borrower 73 74 Value of lending agreements when partnership is securities lender 74 75 Interest income from reverse repurchase agreements and securities borrowing agreements 75 76 Interest expense from repurchase agreements and securities lending agreements 76 IIInu 117011161019 EFTA00806365 NEXT MANAGEMENT LLC 13-3495607 NY IT-204-CP OTHER DEDUCTIONS AMOUNT FROM NY FEDERAL STATE DESCRIPTION SCHEDULE K-1 AMOUNT CASH CONTRIBUTIONS (50%) 3,879. 2,746. TOTAL TO FORM IT-204-CP, PAGE 7, LINE 56 3,879. 2,746. NY IT-204-CP OTHER ITEMS REQUIRED TO BE REPORTED SEPARATELY AMOUNT FROM NEW YORK FEDERAL STATE DESCRIPTION SCHEDULE K-1 AMOUNT INVESTMENT INCOME 4,950. 3,505. TOTAL TO FORM IT-204-CP, PAGE 7, LINE 60 4,950. 3,505. PARTNER NUMBER 2 EFTA00806366 Department of Taxation and Finance NEW YORK New York Corporate Partner's I T. 204-CP STATE Schedule K-1 2016 Tax Law - Article 9-A 3 El Final K-1 For calendar year 2016 or tax year beginning 01012016 and ending 12312016 El Amended K-1 Partners: Before completing your franchise tax return, see Form IT•204CP.I. Partner's Instructions lot Form IT-204-CP (available at www.tax.ny.gov). Partnership's information Partnership's name (as shown on Form IT•204) Partnership's EIN O NEXT MANAGEMENT LLC 133495607 A Mark an X in the box if either applies to your entity Publicly traded partnership Portfolio investment partnership O B Tax shelter registration number. if any Partner's information (see instructions) Partner's name Partner's EIN ti THE WILCOR GROUP INC. CIO NEXT MANAGE 133682060 Partner's address 15 WATTS STREET rn City State ZIP code NEW YORK NY 10013 C The partner is a mark on X In Me aPprOPrete bOx) W General partner or LLC rnember.manager U Limited partner or other LLC member D What is the New York tax filing status of the partner? (Mark an X in the appropriate box, if known.) ❑ C corporation ❑S corporation El Partnership E If the partner is a disregarded entity, enter the EIN of the entity reporting the Income of the partner (if known) fO F Did the partner sell its entire interest during the tax year? F Yes ❑ No M O G Partner's share of profit, loss, and capital Beginning Ending 1) Profit G1 27.0000% 27.0000% 2) Loss G2 27.0000% 27.0000% 3) Capital G3 27.0000% 27.0000% H Partner's share of kabilaies at the end of the year 1) Nonrecourse H1 258615 2) Qualified nonrecolose financing H2 3) Recourse H3 4849188 I Partner's capital account analysis 1) Beginning capital account 11 316326 2) Capital contributed during the year • cash 12 3) Capital contributed during the year • property 13 4) Current year increase (decrease) 14 742064 5) Withdrawals and distributions • cash 15 607500 6) Withdrawals and distributions • property 16 7) Ending capital account 17 450890 8) Method of accounting mark an X in the propriate bo. El Tax basis GAAP Other (submit explanation) III11111 117001161019 EFTA00806367 CE.52, V•'3.16 Page 2 of 11 IT-204-CP (2016) J Was Form CT•265&E filed with the partnership? J Yes El No K NYS estimated tax paid on behalf of partner (fromRIM CT-2658) Date Amount 1) First installment K 2) Second installment K2 3) Third installment K3 4) Fourth installment K4 Total NYS estimated tax paid on behalf of partner (add fines Kt through K4) K NO HANDWRITTEN ENTRIES ON THIS FORM Partner's share of entire net income (ENI) information when the corporate partner's New York tax filing status is a C corporation ENI addition modifications 1 Total additions A - Number B - Amount A - Number B - Amount 10 EA- td EA - lb EA- to EA - ic EA - 11 EA - ENI subtraction modifications 2 Total subtractions 2 A - Number B-AmoJnt A - Number B - Amount 2a ES - 2d ES - 2b ES - 2e ES - 2c ES - 21 ES - Partner's proportionate part of assets and liabilities(for New York corporate partners only) Average value 3 Total assets 3 4 Real property and marketable securities included on line 3 4 5 Real property and marketable securities at fair market value (FMV) 5 6 Average value of adjusted total assets 6 7 Total liabilities 7 8 Liabilities directly attributable to business capital 8 9 Liabilities directly attributable to investment capital 9 MIMIMI11 2 1111161ill'IIIIIII EFTA00806368 688831 12-13.16 IT-204-CP (2016) Page 3 of 11 Partner's proportionate part of items related to investment capital under Article 9-A(forNew York C corporate partners only) Part 1 - Investment capital that generates income claimed not taxable by New York under the U.S. Constitution Description of asset (identify each asset, and enter number ol shares (if applicable) and date acquired here; for each asset complete columns D through G on the corresponding lines below; enter omy directly owned assets in items A through G) ror eacn nem "mei]. in columns r tnrouon t . enter me •imormation tor me parmersnip • as a wnore Item A • Description of asset B • Number of shares C • Date acquired acquired, if applicable NO HANDWRITTEN ENTRIES ON THIS FORM A B C D E F Item 0 E F G H Number of Date sold Average Liabilities directly Net average shares sold. if applicable FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 10 Total proportionate part of columns F and G (see instructions) 10 Part 2 • Investment capital • stocks actually held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B - Number of shares C • Date acquired acquired A B C D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 11 Total proportionate part of colurms F and G (see instructions) 11 IIIIIIIIII11111111161111111111 EFTA00806369 6438832 12.13.16 Page 4 of 11 IT-209-CP (2016) Part 3 - Investment capital - stocks presumed held more than one year Description of Investment (identitY each investment, and enter number of shares and date acquired here; for each investment complete columns F and G on the corresponding lines below; enter only directly owned investments in items A through G) Item A • Name/CUSIP/CINSAot number B - Number of shares C • Date =wires acquired A B C NO HANDWRITTEN ENTRIES ON THIS FORM D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) and/or partnerships 12 Total proportionate part of columns F and G (see instructions) 12 Part 4 - Total Investment capital 13 Total average FMV and liabilities directly attributable (add lines 10, 11. and 12 in columns F and G) 13 Part 6 - Prior year Investment capital - stocks that did not meet holding period requirement Description of Investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through G) rcr eacn nem owed. in columns X tnrouqn t.i. enter me 'imormation for me parrnersnip • as a wnoie. Item A • Name/CUSIP/CINSAot number B - Number of shares C • Date acquired acquired A B C D E F ROM D E F G H Number of Date sold Average FMV Liabilities directly attributable shares solo as previously reported as previously reported I 1 A B C D E F Total from additional sheet(s) and/or partnerships .. 14 Total proportionate part of columns F and G (see instructions) 14 IIIIMIiiill/161111111111 IIHI EFTA00806370 688841 17-13.16 IT-204-CP (2016) Page 5 of 11 Part 6 - Prior year gross investment income for stocks that did not meet holding period requirement 15 Prior year presumed gross investment income from stocks presumed in the prior year to be held more than one year that failed to meet the presumption (see Instructions) 15 Partner's share of items related to investment and other exempt income under Article 9-A(for New York C corporate partners only) NO HANDWRITTEN ENTRIES ON THIS FORM 16 Gross exempt crossarticle dividends 16 17 Gross exempt controlled foreign corporation (CFC) Income 17 18 Gross exempt unitary corporation dividends 18 19 Gross investment income from investments generating income not taxable by New York State under the U.S. Constitution 19 20 Dividend Income from investment capital from stocks actually held more than one year 20 21 Net capital gains in excess of losses from investment capital from stocks actually held more than one year 21 22 Dividend income from investment capital from stocks presumed held more than one year 22 Partner's share of items related to interest deductions directly attributable to investment and other exempt income under Article 9-A (for New York C corporate partners only) 23 Interest expense per federal Form 1065. line 15 23 24 Interest deductions directly attributable to income reported on line 16 24 25 Interest deductions directly attributable to income reported on line 17 25 26 Interest deductions directly attributable to income reported on line 18 26 27 Interest deductions directly attributable to income reported on line 19 27 28 Interest deductions directly attributable to income reported on line 20 28 29 Interest deductions directly attributable to income reported on line 21 29 30 Interest deductions directly attributable to income reported on line 22 30 31 Interest deductions directly attributable to business capital 31 Partner's share and proportionate part of items related to subtraction modification for qualified banks 32 Qualified residential loan portfolio assets 32 33 Gross interest income from qualifying loans 33 33a Gross interest income from all loans 33a 33b Gross interest expense from all loans 331) Partner's share and proportionate part of items related to manufacturing 34 Total receipts from the sale of goods by manufacturing 34 34a Receipts received from the generation and distribution of electricity, the distribution of natural gas, and the production of steam associated with the generation of electricity 35 Adjusted basis of qualified manufacturing property 35a Number of employees employed in manufacturing in New York E35 117005161019 IIIIIIIII IIIIIIIII VIIIIIIIIIII EFTA00806371 686842 12.13.16 Page 6 of t t IT-204-CP (2016) Partner's share of New York modifications (tor New York S corporate panners only) 36 Now York State additions Number A- Total amount 36a EA -214 7795 36b EA -201 4810 36c EA -201 29858 36d EA - NO HANDWRITTEN ENTRIES ON THIS FORM 36c EA - 361 EA - 37 Total addition modifications (total of column A, lines 36a through 360 37 42463 38 New York State subtractions Number A - Total amount 38a Es -213 1253 38b ES - 38c ES - 38d ES - 38c ES - 381 ES - 39 Total subtraction modifications (total of column A, fines 38a through 380 39 1253 40 Additions to federal itemized deductions Letter Amount 40a 40b 40c 40d 40c 401 41 Total additions to federal itemized deductions (add lines 40a through 40t) 41 42 Subtractions from federal itemized deductions Letter Amount 42a 42b 42c 42d 42c 421 43 Total subtractions from federal itemized deductions (add lines 42a through 420 43 IIIIMIIIII 1111111 61161 1IIIIIIII EFTA00806372 68,31103 17-13-16 IT-204-CP (2016) Page 7 of 11 Partner's share of income, deductions, etc. (from federal Form 1065. Schedule K-1) Partner's distributive share items 44 Ordinary business income (loss) 44 675119 45 Net rental real estate income (loss) 45 46 Other net rental income (loss) 46 47 Guaranteed payments 47 48 Interest income 48 4311 49 Ordinary dividends 49 NO HANDWRITTEN ENTRIES ON THIS FORM 50 Royalties 50 51 Net short-term capital gain (loss) 51 52 Net longterm capital gain (loss) 52 53 Net section 1231 gain (loss) 53 54 Other income (loss) 54 Identify: 55 Section 179 deduction 55 17421 56 Other deductions (see instructions) 56 3378 Identify: SEE STATEMENT 57 Taxexempt income and nondeductible expenses (see instructions) 57 34511 58 Distributions • cash and marketable securities 58 607500 59 Distributions • other property 59 60 Other Items not inckrded above that are required to be reported separately to partners 60 4311 Identify: SEE STATEMENT Partner's credit information (see instructions) Part 1 - Flow-through credit bases and information Brownfield redevelopment tax credit (Form CT-611. F01771CT-611.1. or Form CT-611.2) A - Form CT-611 B - Form CT-611A C - Form CT-611.2 61 Site preparation credit component 61 62 Tangible property credit component 62 63 On•site groundwater remediatica credit component 63 EZ capital tax credit (Form CT-602) 64 Recapture of credit for investments in certified EZ businesses 64 65 Recapture of credit for contributions of money to EZ community development projects 65 QEZE tax reduction credit (Form CT-604-CP) 66 QEZE employment increase factor 66 67 QEZE zone allocation factor 67 68 QEZE benefit period factor 68 Excelsior jobs program tax credit (Form CT-607) 69 Excelsior jobs tax credit component 69 70 Excelsior investment tax credit component 70 71 Excelsior research and development tax credit component 71 72 Excelsior real property tax credit component 72 IIIIII HiHill EFTA00806373 Page 8 of 11 IT-204-CP (2016) GRES44 $2•• fi Partner's credit information (continued) Farmers' school tax credit (Form CT-47) 73 Acres of qualified agricultural property 73 74 Acres of qualified conservation property 74 75 Eligible school district property taxes paid 75 76 Acres of qualified agricultural property converted to nonqualified use 76 NO HANDWRITTEN ENTRIES ON THIS FORM Other flow-through credit bases and information Credit bases Code Amount Code Amount 77a 77d 77b 77e 77c 77f Credit information Code Information Code Information 77g 77j 77h 77k 77i 771 Part 2 - Flow-through credits, addbacks, and recaptures 78 Flowthrough credits Code Amount Code Amount 78a 78e 78b 78f 78c 78g 78d 78h 79 Addbacks of credits and recaptures Code Amount Code Amount 79d 79b 79e 79c 79f Part 3 - START-UP NY tax elimination credit information(Rvm CT-638) 80 STARTUP NY business certificate number (Form DTF-74) 80 81 Year of STARTUP NY business tax benefit period 81 82 STARTUP NY area allocation factor 82 Partner's share of apportionment and Metropolitan Commuter Transportation District (MCTD) information Part 1 1 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in New York State? (mark an X in the appropriate box) Yes El No 2 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in the MCTD? (mark an X in the appropriate box) Yes El No Average value of property A - MCTD B - New York State 3 Real estate owned 3 4 Real estate rented 4 5 Inventories owned 5 8 Tangible personal property owned 8 7 Tangible personal property rented 7 IIIIIIIII IIIIIIIII VIIIIIIIIIII EFTA00806374 684845 12-13-14 IT-204-CP (2016) Page 9 of 11 Part 2 A B C Receipts from: PACTD Now York State Everywhere Section 210-A.2 1 Sales of tangible personal property 1 2 Sales of electricity 2 3 Net gains from sales of real property 3 Section 210-A.3 4 Rentals of real and tangible personal property 4 NO HANDWRITTEN ENTRIES ON THIS FORM Royalties from patents. copyrights, trademarks, and similar intangible personal property 5 6 Sales of rights for certain cbsecicircuit and cable TV transmissions of an event 6 Section 210-A.4 7 Sale, licensing, or granting access to digital products 7 7a Sale, licensing, or granting access to digital products 7a 8 This line intentionally left blank 8 Section 210-A.5(aX2XA) 9 Interest from loans secured by real property 9 10 Net gains from sales of loans secured by real property 10 11 Interest from loans not secured by real property 11 12 Net gains from sales of loans not secured by real property D 12 Section 210-A.5(aX2XB) ❑ 13 Interest from federal debt 13 14 15 Interest from NYS and its political subdivisions debt 15 16 Net gains from federal, NYS, and NYS political subdivisions debt 16 17 Interest from other states and their political subdivisions debt 17 18 Net gains from other states and their political subdivisions debt 18 Section 210-A.5(aX2XC) ❑ 19 Interest from asset-backed securities and other government agency debt 19 20 Net gains from government agency debt or asset-backed securities sold through an exchange 20 21 Net gains from all other asset-backed securities 21 Section 210-A.5(aX2XD) 22 Interest from corporate bonds 22 23 Net gains from corporate bonds sold through broker/dealer or licensed exchange 23 24 Net gains from other corporate bonds 24 Section 210-A.5(aX2XE) 25 Net Interest from reverse repurchase and securities borrowing agreements 25 Section 210-A.5(aX2XF) 26 Net interest from federal funds 26 Section 210-A.5(aX2X0 27 Net income from sales of physical commodities 27 Section 210-A.5(aX2XJ) D 28 Marked to market net gains 28 117009161019 IIIIIIIII1IIIIIII111111 IIIHIII EFTA00806375 648846 12.13.1E Page 10 of 11 IT-204-CP (2016) Part 2 A B c Receipts from: Section 210-A.5(aX2Xii) 210-A.5(aX2XG) H ric ' u New York State Everywhere 29 Interest from other financial instruments 29 30 Net gains from other financial instruments 30 30a Net gains from other financial instruments (broker/dealer/exchange) 30a 30b Other income from other financial instruments 30b NO HANDWRITTEN ENTRIES ON THIS FORM 30c Other income from other financial instruments (broker/dealer/exchange) 30c 30d Dividends from stock that is business capital 30d 30e Net gains from sales of stock that is business capital 30e 301 Net gains from sales of partnership interests 30f Section 210-A.5(b) 31 Brokerage commissions 31 32 Margin interest earned on behalf of brokerage accounts 32 33 Fees for advisory services for underwriting or management of underwriting 33 34 Receipts from primary spread of seling concessions 34 35 Receipts from account maintenance fees 35 36 Fees for management or advisory services 36 37 Interest from an affiliated corporation 37 Section 210-A.5(c) 38 Interest, fees, and penalties from credit cards 38 39 Service charges and fees from credit cards 39 40 Receipts from merchant discounts 40 41 Receipts from credit card authorizations and settlement processing 41 42 Other credit card processing receipts ,,, ,,, ,,,,,,,,, ,,, , , 42 Section 210-A.5(d) 43 Receipts from certain services to investment companies 43 Section 210-A6 44 Receipts from railroad and trucking business 44 Section 210-AA-a 45 Receipts from the operation of vessels 45 Section 210-Al 46 Receipts from air freight forwarding 46 47 Receipts from other aviation services 47 Section 210-AS 48 Advertising in newspapers or periodicals 48 49 Advertising on television or radio 49 50 Advertising via other means 50 Section 210-A.9 51 Transportation or transmission of gas through pipes 51 Section 210-A.10 52 Receipts from other services/activities not specified 52 3953864 5866372 52a Receipts from other services/activities not specified 62a III 11111111 611 ilIIIIIIII EFTA00806376 688447 12-13-16 IT-204-CP (2016) Page 11 of 11 Payroll A B MCTD New York State 53 Wages and other compensation of employees except general executive officers 53 2354770 54 Average number of individuals employed full time in New York State (excluding employees with partnership-wide authority) 54 15 Gross proceeds or receipts from certain sales A B C NO HANDWRITTEN ENTRIES ON THIS FORM (for apportionment purposes) (see instructions) MCTD New York State Everywhere 55 Sales of loans secured by real property 55 56 Sales of loans not secured by real property 56 57 Sales of other asset-backed securities 57 58 Sales of corporate bonds 58 59 Sales of physical commodities 59 Marked to market net gain or loss from deemed sales (for apportionment purposes) 60 Of loans secured by real property 60 61 Of loans not secured by real property 61 62 Of federal debt instruments 62 63 Of New York State and its political subdivisions debt instruments 63 64 Of other states and their political subdivisions debt instruments 64 65 Of government agency debt or assetbacked securities (through exchange) 65 66 Of all other asset-backed securities 66 67 Of corporate bonds through licensed exchange or broker/dealer 67 68 Of other corporate bonds 68 69 Of physical commodities 69 70 Of other fnancial instruments of one type 70 Items related to repurchase agreements and securities borrowing/lending agreements 71 Value of reverse repurchase agreements when partnership is purchaserAender 71 72 Value of borrowing agreements when partnership is securities borrower 72 73 Value of repurchase agreements when partnership is seller/borrower 73 74 Value of lending agreements when partnership is securities lender 74 75 Interest income from reverse repurchase agreements and securities borrowing agreements 75 76 Interest expense from repurchase agreements and securities lending agreements 76 IIInu 117011161019 EFTA00806377 NEXT MANAGEMENT LLC 13-3495607 NY IT-204-CP OTHER DEDUCTIONS AMOUNT FROM NY FEDERAL STATE DESCRIPTION SCHEDULE K-1 AMOUNT CASH CONTRIBUTIONS (50%) 3,378. 2,392. TOTAL TO FORM IT-204-CP, PAGE 7, LINE 56 3,378. 2,392. NY IT-204-CP OTHER ITEMS REQUIRED TO BE REPORTED SEPARATELY AMOUNT FROM NEW YORK FEDERAL STATE DESCRIPTION SCHEDULE K-1 AMOUNT INVESTMENT INCOME 4,311. 3,052. TOTAL TO FORM IT-204-CP, PAGE 7, LINE 60 4,311. 3,052. PARTNER NUMBER 3 EFTA00806378 2016 TAX RETURN FILING INSTRUCTIONS NEW YORK CITY FORM NYC-204 FOR THE YEAR ENDING DECEMBER 31, 2016 Prepared for NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Prepared by SACKS PRESS & LACHER PC 600 THIRD AVENUE NEW YORK, NY 10016-1901 To be signed and A MEMBER OF THE LLC dated by Amount of tax Total tax $ 149 047.00 Less: payments and credits $ 179,304.00 Plus: other amount S 0.00 Plus: interest and penalties S 0.00 OVERPAYMENT s 30 257.00 Overpayment Credited to your estimated tax $ 30,257.00 Other amount $ 0.00 Refunded to you $ 0.00 Mailtaxreum THIS RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. IF YOU and check (if WISH TO HAVE IT TRANSMITTED TO THE NYC DOF, PLEASE SIGN, DATE mvilicablOto AND RETURN NYC-579-UBTP TO OUR OFFICE. WE WILL THEN SUBMIT THE ELECTRONIC RETURN TO THE NYC DOF. Forms to be ENCLOSED ARE COPIES OF SCHEDULE K-1 TO BE DISTRIBUTED TO THE distributed MEMBERS. to partners Return must be RETURN NYC-579-UBTP TO US BY SEPTEMBER 15, 2017. mailed on or before Special DO NOT MAIL THE PAPER COPY OF THE RETURN TO THE NYC DOF. Instructions 610142 04.01.16 EFTA00806379 2017 ESTIMATED TAX FILING INSTRUCTIONS NEW YORK CITY FORM NYC 5UB FOR THE YEAR ENDING DECEMBER 31, 2017 Prepared for NEXT MANAGEMENT LLC 15 WATTS STREET, 6TH FLOOR NEW YORK, NY 10013 Prepared by SACKS PRESS & LACHER PC 600 THIRD AVENUE NEW YORK, NY 10016-1901 Amount of tax Total Estimated Tax S 149,060 Less credit from prior year S 30,257 Less amount already paid on 2017 estimate S 29,700 Balance due S 89,103 Payable in full or In Installments as follows: Installment Amount Due Date No. 1 $ NOT APPLICABLE No. 2 $ NOT APPLICABLE No. 3 $ 51,833 SEPTEMBER 15, 2017 No. 4 $ 37,270 JANUARY 16, 2018 Make check NYC DEPARTMENT OF FINANCE payable to Mail voucher NYC DEPARTMENT OF FINANCE and check (if UNINCORPORATED BUSINESS TAX applicable) to P.O. BOX 3923 NEW YORK, NY 10008-3923 Special Instructions 600001 04-01.16 EFTA00806380 NEW YORK CITY DEPARTMENT OF FINANCE NYC NYC ,:r",:7::" 579-UBTP Signature Authorization for E-Filed Unincorporated Business Tax Return for Partnerships 2016 ELECTRONIC RETURN ORIGINATORS (ER0): DO NOT MAIL THIS FORM TO THE DEPARTMENT OF FINANCE. KEEP THIS FOR YOUR RECORDS. LEGAL NAME OF PARTNERSHIP: EMPLOYER IDENTIFICATION NUMBER 13-3495607 NEXT MANAGEMENT LLC EMAIL ADDRESS: TYPE OF FORM: NYC.EXT NYC.5U8 X NYC204 NYC204EZ Financial Institution Information . must be included if electronic payment is authorized AMOUNT OF AUTHORIZED DEBIT: FINANCIAL INSTITUTION ROUTING NUMBER: FINANCIAL INSTITUTION ACCOUNT NUMBER: Part A - Declaration and authorization of Partner or limited liability company member manager Under penalty of perjury. I declare that I am the general partner or limited liability company manager of the taxpayer and that I have examined the information on its 2016 New York City electronically filed Unincorporated Business Tax return, including any accompanying schedules, attachments and statements or other report and to the best of my knowledge and belief, the electronically filed document is true. correct and complete. The ERO has my consent to send the 2016 New York City electronically filed Unincorporated Business Tax return or other report checked above to the New York City Department of Finance through the Internal Revenue Service. I authorize the ERO to enter my PIN as my signature on the 2016 New York City electronically filed Unincorporated Business Tax return or other report, as indicated above or I will enter my PIN as my signature on the document indicated above. If I am paying the New York City Unincorporated Business Tax owed by electronic funds withdrawal, I authorize the New York City Department of Finance and its designated financial agents to initiate an electronic funds withdrawal from the financial institution account indicated on the Partnership's electronically filed the Unincorporated Business Tax return or other report, and I authorize the financial institution to debit the amount from that account. X lauthorin SACKS PRESS & LACHER PC to enter my PIN: 13471 ENO NINA NAME as my signature on the electronically filed 2016 Unincorporated Business Tax return or other report, as indicated above. _ Asa general partner or limited liability company member manager, I will enter my PIN as my signature on the electronically filed 2016 Unincorporated Business Tax return or other report, as indicated above. PRESIDENT OF MEMBER MG Signature of General Partner or Limited Liability Official title Date Company Member Manager Part B - Declaration of electronic return originator (ERO) and paid preparer Under penalty of perjury, I declare that the information contained in the abovenamed partnership's or limited liability company's 2016 New York City electronically filed Unincorporated Business Tax return or other report, as indicated above, is the information furnished to me by the taxpayer. If the taxpayer furnished me with a completed 2016 New York City paper Unincorporated Business Tax return or other report signed by a paid preparer. I declare that the information contained in the electronically filed Unincorporated Business Tax return or other report is identical to that contained in the paper return. If I am the paid preparer, under penalty of perjury I declare that I have examined this electronically filed 2016 Unincorporated Business Tax Return or other report, and to the best of my knowledge and belief, the return or other report is true. correct and complete. I have based this declaration on all the information available to me. ERO EFIN/PIN: Enter your sixdigit EFIN followed by your five digit PIN: 13181326640 09/12/17 ERO's Signature Print Name Date GARY W. PRESS GARY W. PRESS Paid Pre er's Signature Print Name Date PURPOSE - A completed Form NYC-579-L€TP provides documentation that an ERO has been authorized to electronically file an Unincorporated Business Tax Return or other report for a taxpayer. The general partner or limited liability company manager of the taxpayer may designate the ERO to electronically sign the return or report by entering the personal identification number (PIN). The form also authorizes payment of tax due on an electronically submitted return or report by an automatic clearing house (ACH) debit from a designated checking or saving account of the partnership. You cannot revoke this authorization. GENERAL INSTRUCTIONS Part A - Part A must be completed by the general partner or limited liability company manager of the taxpayer before the ERO transmits the electronically filed Form NYC-204 (Unincorporated Business Tax Return for Partnerships, including Limited Liability Companies); NYC-204EZ (Unincorporated Business Tax Return for Partnerships, including Limited Liability Companies - EZ Form); NYC-EXT (Application for 6-Month Extension to File Business Income Tax Return); or NYC-5UB (Declaration of Estimated Unincorporated Business Tax for Partnerships). EROsfpaid preparers must complete Part B prior to transmitting electronically filed unincorporated business tax returns or reports (Forms NYC-204, NYC-204EZ, NYC-EXT or NYC-5UB). Both the paid preparer and the ERO are required to sign Part B. However, if an individual performs as both the paid preparer and the ERO, he or she is only required to sign as the paid preparer. It is not necessary to include the ERO signature in this case. Do not mail Form NYC-579-UBTP to the Department of Finance. The ER0s/paid preparers must keep the completed Form NYC-579-UBTP for three years from the due date of the return or report or the date the return or report was filed, whichever is later, and must present it to the Department of Finance upon request 694891 11-09.16 05 NYC.579.1.1811. 2016 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT1 04 EFTA00806381 NEW YORK CITY DEPARTMENT OF FINANCE NYC NYC ,:r",:7::" 579-UBTP Signature Authorization for E-Filed Unincorporated Business Tax Return for Partnerships 2016 ELECTRONIC RETURN ORIGINATORS (ER0): DO NOT MAIL THIS FORM TO THE DEPARTMENT OF FINANCE. KEEP THIS FOR YOUR RECORDS. LEGAL NAME OF PARTNERSHIP: EMPLOYER IDENTIFICATION NUMBER 13-3495607 NEXT MANAGEMENT LLC EMAIL ADDRESS: TYPE OF FORM: X NYC.EXT _ NYC5UB NYC204 NYC204EZ — — Financial Institution Information . must be included if electronic payment is authorized AMOUNT OF AUTHORIZED DEBIT: FINANCIAL INSTITUTION ROUTING NUMBER: FINANCIAL INSTITUTION ACCOUNT NUMBER: 40,000. 026013576 1501920157 Part A - Declaration and authorization of Partner or limited liability company member manager Under penalty of perjury. I declare that I am the general partner or limited liability company manager of the taxpayer and that I have examined the information on its 2016 New York City electronically filed Unincorporated Business Tax return, including any accompanying schedules, attachments and statements or other report and to the best of my knowledge and belief, the electronically filed document is true. correct and complete. The ERO has my consent to send the 2016 New York City electronically filed Unincorporated Business Tax return or other report checked above to the New York City Department of Finance through the Internal Revenue Service. I authorize the ERO to enter my PIN as my signature on the 2016 New York City electronically filed Unincorporated Business Tax return or other report, as indicated above or I will enter my PIN as my signature on the document indicated above. If I am paying the New York City Unincorporated Business Tax owed by electronic funds withdrawal, I authorize the New York City Department of Finance and its designated financial agents to initiate an electronic funds withdrawal from the financial institution account indicated on the Partnership's electronically filed the Unincorporated Business Tax return or other report, and I authorize the financial institution to debit the amount from that account. X l uttiorize SACKS PRESS & LACHER PC to enter my PIN: 13471 ENO NINA NAME as my signature on the electronically filed 2016 Unincorporated Business Tax return or other report, as Indicated above. _ Asa general partner or limited liability company member manager, I will enter my PIN as my signature on the electronically filed 2016 Unincorporated Business Tax return or other report, as indicated above. PRESIDENT OF MEMBER MG Signature of General Partner or Limited Liability Official title Date Company Member Manager Part B - Declaration of electronic return originator (ERO) and paid preparer Under penalty of perjury, I declare that the information contained in the abovenamed partnership's or limited liability company's 2016 New York City electronically filed Unincorporated Business Tax return or other report, as indicated above. Is the information furnished to me by the taxpayer. If the taxpayer furnished me with a completed 2016 New York City paper Unincorporated Business Tax return or other report signed by a paid preparer. I declare that the information contained in the electronically filed Unincorporated Business Tax return or other report is identical to that contained in the paper return. If I am the paid preparer, under penalty of perjury I declare that I have examined this electronically filed 2016 Unincorporated Business Tax Return or other report, and to the best of my knowledge and belief, the return or other report is true, correct and complete. I have based this declaration on all the information available to me. ERO EFIN/PIN: Enter your sixdigit EFIN followed by your five digit PIN: • 09/12/17 ERO's Signature Print Name Date GARY W. PRESS GARY W. PRESS Paid Pre er's Signature Print Name Date PURPOSE . A completed Form NYC-579-L€TP provides documentation that an ERO has been authorized to electronically file an Unincorporated Business Tax Return or other report for a taxpayer. The general partner or limited liability company manager of the taxpayer may designate the ERO to electronically sign the return or report by entering the personal identification number (PIN). The form also authorizes payment of tax due on an electronically submitted return or report by an automatic clearing house (ACH) debit from a designated checking or saving account of the partnership. You cannot revoke this authorization. GENERAL INSTRUCTIONS Part A - Part A must be completed by the general partner or limited liability company manager of the taxpayer before the ERO transmits the electronically filed Form NYC-204 (Unincorporated Business Tax Return for Partnerships, including Limited Liability Companies); NYC-204EZ (Unincorporated Business Tax Return for Partnerships, including Limited Liability Companies - EZ Form); NYC-EXT (Application for 6-Month Extension to File Business Income Tax Return); or NYC-5UB (Declaration of Estimated Unincorporated Business Tax for Partnerships). EROsfpaid preparers must complete Part B prior to transmitting electronically filed unincorporated business tax returns or reports (Forms NYC-204, NYC-204EZ, NYC-EXT or NYC-5UB). Both the paid preparer and the ERO are required to sign Part B. However, if an individual performs as both the paid preparer and the ERO, he or she is only required to sign as the paid preparer. It is not necessary to include the ERO signature in this case. Do not mail Form NYC-579-UBTP to the Department of Finance. The ER0s/paid preparers must keep the completed Form NYC-579-UBTP for three years from the due date of the return or report or the date the return or report was filed, whichever is later, and must present it to the Department of Finance upon request 694891 11-09.16 05 NYC.579.1.1811. 2016 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806382 APPLICATION FOR AUTOMATIC 2016 NYC - EXT EXTENSION OF TIME TO FILE Declared el Fame BUSINESS INCOME TAX RETURNS Final Return • Check this box if you have ceased operations. PRINT OR TYPE For CALENDAR YEAR 2016 or Fiscal Year beginning 01-01-2016 and ending 12-31-2016 Name (t canceled corporate Ma glee name ol everting comotatlen) cnanrp EMPLOYER IDENTIFICATION NUMBER 13-3495607 NEXT MANAGEMENT LLC in Ca* of OR SOCIAL SECURITY NUMBER OnInCorparated 41,01,44496 Laet Name Cam> :FOR UIFIKCORFORATEDIRISIKESSAINIDUALS ONLY) fauelneeS.Inctivkluala Only Rentlnien adddrett (number and need Nag; 15 WATTS STREET, 6TH FLOOR BUSINESS CODE NO. AS PER FEDERAL RETURN City and State ZIP C0011 Country (4 not US) 812990 NEW YORK NY 10013 Baldness Telephone Marta Em Il Addled 212-925-5100 Tax TvDe Corporation Tax Unincorporated Business Tax (UBT) Business General-Subchapter S Banking _X Partnership Individuals C Corporations only — Corporations and — Subchapter S — Single-Member LLCs. Qualified Subchapter S Corporations only Estates or Trusts Subsidiaries only NYC-2 NYC-3L NYC-1 NYC-204 NYC-202 NYC-2A NYC-3A NYC-1A NYC-204EZ NYC-202S NYC-2S NYC-4S NYC-202EIN NYC-4SEZ — Check the box if the organization is a corporation and is the common parent of a g oup that intends to file a combined return. If checked, attach a schedule. listing the name, address and Employer Identification Number (EIN) for each member covered by this application. Payment Information For payment amount. refer to the tax form for the tax that you will be filing after the extension period. Finance forms and instructions are available on line at NYC.govilinance. Payment Amount Amount included with form. A. Payment Make payable to: NYC Department of Finance 40000. 1. Current Yea Estimated Tax 1. 170548. 2. If amount on line 1 exceeds $1.000. enter 25% of line 1 (For S Corporations only for UBT and C Corporations leave blank) 2. 3. Total of lines 1 and 2 3. 170548. 4. Total payments and credits 4. 130548. 5. Balance due. Subtract line 4 from line 3 5. 40000. CERTIFICATION OF TAXPAYER OR OF AN ELECTED OFFICER OF THE CORPORATION I hereby certify that this form, including any accompanying rider, is, to the best of my knowledge and belief, true, correct and complete. Signature: Title (if an officer): Date: NYC-EXT 2016 31211605 604601 11-00-16 06 EFTA00806383 PARTNERSHIP DECLARATION OF NYC - 5UB ESTIMATED UNINCORPORATED BUSINESS TAX 2017 NOIDDIONMO: For CALENDAR YEAR 2017 or FISCAL YEAR beginning and ending Business name ',arc Ernpf0yar IdantMCallon Nurnbac Gila laa _ NEXT MANAGEMENT LLC In Care of 13-3495607 Business address (number and street) Ad005.5 BualnOSS Coda Number Clung* — 15 WATTS STREET, 6TH FLOOR as par rani Aron City and State ZIP Code Country (if not US) 812990 NEW YORK NY 10013 Business Telephone Number Taxpayer's Email Address 212-925-5100 ayrnan n. A Payment Amount included with form • Make payable to: NYC Department of Finance A. 1. Estimate of 2017 tax 1. 149060. 2. Amount to be paid with this declaration (Payable to: NYC DEPARTMENT OF FINANCE) 2. Signature col taxpayer Tina Data: To receive proper credit, you must enter your correct Employer Identification Number on your declaration and remittance. DETACH ON DOTTED LINE & MAIL UPPER PORTION. RETAIN LOWER PORTION FOR YOUR RECORDS 05 ESTIMATED TAX WORKSHEET • KEEP THIS PORTION FOR YOUR RECORDS • 1. Net income from business expected in 2017 1. 3731171. 2. Exemption 2. 5000. 3. Lew 1 less line 2 (estimated taxable business income) 8. 3726171. 4. Tax • enter 4% of line 3 4. 149047. 5a. Business Tax Credit ) (Check applicable box below and enter credit amount) Tax on line 4 is $3,400 or less. Your credit is the entire amount of tax on line 4. X Tax on line 4 is $5,400 or over. No credit is allowed. Enter '. Tax on line 4 is over $3,400 but less than $5.400. use formula for credit amount: Tax on line 4 x ($5.400 minus tax on line 4 ) $2.000 6a. 0. 6b. Other credits 68. 5c. Total credits (add lines 5a and 5b) Sc. 6. Estimated 2017 Unincorporated Business Tax (Iiie 4 less Ine 5c) 149047. Enter here, on line 7b. and on line 1 of declaration above ADJUSTED 6. 149060. 7a. Partnership's 2016 Unincorporated Business Tax 7a. 149047 . lb. nano% of 2017 lax torn line 6 7b. 149060. COMPUTATION OF INSTALLMENT - ) pis* row box miow and enter amount Intiloalad. Fiscal yaw 'concur. ace InstrucUont 8. If this X April 18. 2017. enter 1/4 of line lb Sept. 15. 2017. enter 1/2 of line 7b declaration Is due on: — June 15, 2017, enter 1/3 of line 7b Jan. 16, 2018, enter amount of line 7b ) 8. 9. Enter amount of overpayment on 2016 return which you elected to have applied as a credit against 2017 estimated tax 9. 10. Amount to be paid with this declaration (line 8 less tine 9) (Payable to: NYC DEPARTMENT OF FINANCE) 10. MAILING INSTRUCTIONS Make remittance payable to the order of: MAIL YOUR DECLARATION FORM TO: NYC-5118 2017 NYC DEPARTMENT OF FINANCE NYC DEPARTMENT OF FINANCE Payment must be made in U.S. dollars, UNINCORPORATED BUSINESS TAX drawn on a U.S. bank. BOX 3923 NEW YOP1K. NY 10008.3923 694.951 I 1-00-16 EFTA00806384 PARTNERSHIP DECLARATION OF NYC - 5UB ESTIMATED UNINCORPORATED BUSINESS TAX 2017 Dtaatmmtal IMMO: For CALENDAR YEAR 2017 or FISCAL YEAR beginning and ending Nara Business name G1141g. — ErnpfOyar IdantlaCation NIAINI NEXT MANAGEMENT LLC In Care of 13-3495607 Ad005.5 Business address (number and street) Clung* — Business DAB Nurrintt• n+ 15 WATTS STREET, 6TH FLOOR as par FochtlalRa City and State ZIP Code Country (if not US) 812990 NEW YORK NY 10013 Business Telephone Number Taxpayer's Email Address 212-925-5100 ayrnan A Payment Amount included with form • Make payable to: NYC Department of Finance A. 1. Estimate of 2017 tax 1. 149060. 2. Amount to be paid with this declaration (Payable to: NYC DEPARTMENT OF FINANCE) 2. Signature of taxpayer Tithe Data: To receive proper credit, you must enter your correct Employer Identification Number on your declaration and remittance. DETACH ON DOTTED LINE & MAIL UPPER PORTION. RETAIN LOWER PORTION FOR YOUR RECORDS 05 694952 11.09.16 EFTA00806385 PARTNERSHIP DECLARATION OF NYC - 5UB ESTIMATED UNINCORPORATED BUSINESS TAX 2017 NOT9MIONMO: For CALENDAR YEAR 2017 or FISCAL YEAR beginning and ending Nara Business name en a lg. , F101•5,4•1 lafir.IIIICalltx1NL, i'/ • r NEXT MANAGEMENT LLC In Care of 13-3495607 Business address (number and street) MOMS &olds Code Nunta Ma go — as pet Federal Ram 15 WATTS STREET, 6TH FLOOR City and State ZIP Code Country (if not US) 812990 NEW YORK NY 10013 Business Telephone Number Taxpayer's Email Address 212-925-5100 .1).rrgto. ••1110011. A Payment Amount included with form • Make payable to: NYC Department of Finance A. 51833. 1. Estimate of 2017 tax 149060. 2. Amount to be paid with this declaration (Payable to: NYC DEPARTMENT OF FINANCE) 2. 51833. Signals. a taxpayat Trio Data To receive proper credit, you must enter your correct Employer Identification Number on your declaration and remittance. DETACH ON DOTTED LINE & MAIL UPPER PORTION. RETAIN LOWER PORTION FOR YOUR RECORDS 05 694852 11.09.16 EFTA00806386 PARTNERSHIP DECLARATION OF NYC - 5UB ESTIMATED UNINCORPORATED BUSINESS TAX 2017 NOTYMIONMO: For CALENDAR YEAR 2017 or FISCAL YEAR beginning and ending Nara Business name G1141g. _ Ernp$0S IclantINallon NIAINI NEXT MANAGEMENT LLC In Care of 13-3495607 AdOOSS Business address (number and street) Clung* — BuSinOSS GAO Nurrin.:, n+ 15 WATTS STREET, 6TH FLOOR as par FochtlalRa City and State ZIP Code Country (if not US) 812990 NEW YORK NY 10013 Business Telephone Number Taxpayer's Email Address 212-925-5100 aymant n. A Payment Amount included with form • Make payable to: NYC Department of Finance A. 37270. 1. Estimate of 2017 tax 1. 149060. 2. Amount to be paid with this declaration (Payable to: NYC DEPARTMENT OF FINANCE) 2. 37270. Signature of taxpayer Tithe Data: To receive proper credit, you must enter your correct Employer Identification Number on your declaration and remittance. DETACH ON DOTTED LINE & MAIL UPPER PORTION. RETAIN LOWER PORTION FOR YOUR RECORDS 05 694952 11.09.16 EFTA00806387 Single member LLCs using SSN as their primary identifier must use Form NYC-202 NYC - 204 UNINCORPORATED BUSINESS TAX RETURN Comerritre el Franc 2016 FOR PARTNERSHIPS (INCLUDING LIMITED LIABILITY COMPANIES) For CALENDAR YEAR 2016 or FISCAL YEAR beginning 01-01-2016,a d ending 12-31-2016 Name Name TAXPAYERS Ella ADDRESS Change — NEXT MANAGEMENT LLC In Care of Address (number and street) Address Charge EMPLOYERIOENTIRCATION WESER 15 WATTS STREET, 6TH FLOOR 13-3495607 ‘"NEW YORK 14'4 ,10013 Dully if no) US1 NOSINESS CODE INM8kR PS PEI:M(0AL RETURN toil,'eh, 212-925-5100 ZI,',?,r4e,,t' 01- 0 4-89 Woburn,' mend in NYC 812990 Entity Type: Dna , PartflerSbaa registered limited ibabaity partnership unload partnership X Pinned liability company CHECK ALL THAT APPLY Arratdad taken If the purineSe of the amended WW1 IS to report IRS change Data or Final federal Cr State Ching.. chock the appopriaee box NYS Chance? Determination _ Final rourn . paned operations Federal Return tiled: X yea 1065.8 Engaged in a ruby exempt union:up:rated business activity Engaged In a partially parr, t unincorporated business Kenny Dian any Count -related federal tax benefits (sea instructions) Enter 2-character papal Oennallna Code. If OPPlicanie(see instructions) SCHEDULE A Computation of Tax I MGM WITH SCHhOULE 8 ON PACAE3. Caal.tit - ALL VI HUI bt,litOlatb. MANN-ha AreLit./skat AMQUNI b ru blhitOtilt A. PayTelli .11100 1 A. Payment Amount being paid electronically with this return A. 1. Business ncome (from page 3, Schedule B, line 31) 1. 5188529. 2. Business allocation percentage from Schedule E. line 5. (if not allocating, enter 100%) 2. 68.08 % 3a. If line 2 is less than 100%. enter income or loss on NYC real property 3a. 3b. Enter allocated business income, or subtract business loss, from other partnerships 3b. 228820. 4. Balance (line 1 less line 3a) 4. 5188529. 5. Multiply line 4 by the business allocation percentage from line 2 5. 3532351. 6. Total of lines 3a and 3b 6. 228820. 71. Investment income (from page 3, Schedule B. line 30) 7a. 7b. Add allocated investment income, or subtract investment loss, from other partnerships 7b. 0. 8. Investment allocation percentage (LoP) (from page 4. Schedule D. line 2) 5. % 9. Multiply line 7a by the LAP from line 8. Add the amount on line 7b 9. 10. Total before NOL deduction 10. 3761171. 11. Deduct NYC net operating loss deduction (from Form NYCNOLPUBTP, line 11) 11. 12. Balance before allowance for active partners' services (Ste 10 less line 11) 12. 3761171. 13. Less: allowance for active partners' services (if line 12 is a loss, enter '0') Number of active partners claimed d 3. 13. 30000. 14. Balance before specific exemption (line 12 less line 13) 14. 3731171. 15. Less: specific exemption (attach schedule) (if line 12 is a loss, enter '0") IS. 5000. 16. Taxable income (line 14 less line 15) 16. 3726171. 17. Tax before business tax credit (4% of amount on line 16) 17. 149047. 18. Less: business tax credit (select the applicable credit condition from the sch. on page 2 and enter amount) 18. 0. 19. Total tax before Unincorporated Business Tax paid credit (fine 17 less line 18) 19. 149047. 20. Less: UBT Paid Credit (from Schedule A, fine 3 of attached Form NYC-114.7) 20. 8756. 21. UNINCORPORATED BUSINESS TAX (line 19 less line 20) (if the balance is less than "0'. enter "0") 21. 140291. rs..• \no nvIll 60411605 694001 11-09.16 05 EFTA00806388 Form NYC-204 -2016 Page 2 Name NEXT MANAGEMENT LLC EIN 13-3495607 SCHEDULE A I Computation of Tax -Continued 22a. Credits from Form NYC•114.5 (attach form) 22a. 22b. Credits from Form NYC.114.6 (attach form) 223. 22c. Credits from Form NYC.114.8 (attach form) 22o. 22d. Credits from Form NYC•114.10 (attach font)) 22d. 23. Net tax after credits pine 21 less sum of lines 22a, 22b, 22c and 22d) 23. 140291. 24. Payment of estimated tax, including credit from preceding year and payment with extension, NYC•EXT 24. 170548. 25. If line 23 is larger than Me 24, enter balance due 25. 26. If Me 23 is smaller than line 24, enter overpayment 28. 30257. 27a. Interest 27a. 27b. Additional charges 273. 27c. Penalty for underpayment of estimated tax (attach Form NYC-221) 27o. 28. Total of lines 27a, 27b and 27c 28. 29. Net overpayment (line 26 less line 28) 29. 30257. 90. Amount of line 29 to be: (a) Refunded • Direct deposit • fit/ out line 30c OR Paper check 30a. (b) Credited to 2017 estimated tax on Form NYCZUB 303. 30257. 30c. Routing Account ACCOUNT TYPE Number Number Checking Savings 91. TOTAL REMITTANCE DUE (see instructions) 31. 92. NYC rent deducted on federal tax return or NYC rent from Schedule E, Part 1. (THIS LINE MUST BE COMPLETED) at 640496. 93. Gross receipts or sales from federal return 33. 20803273. 34. Total assets from federal return 34. 19197540. Business Tax Credit Computation 1. If the amount on page 1. line 17. is S3,400 or less, your credit on Ste 18 is the entire amount of tax on line 17. (NO TAX WILL BE DUE) 2. If the amount on page 1. line 17, is $5.400 or over. no credit is allowed. Enter '0" on line 18. 3. If the amount on page 1. line 17, is over $3,400 but less than $5,400, your credit is computed by the following formula: tax on page 1, line 17 X `$5.400 minus tax on line 17) = = your credit $2.000 Payments of Estimated Tax Computation PREPAYMENTS CLAIMED ON SCHEDULE A, LINE 24 DATE AMOUNT A. Payment with declaration, Form NYC-5UB (1) B. Payment with Notice of Estimated Tax Due (2) C. Payment with Notice of Estimated Tax Due (3) 08-19-16 20200. D. Payment with Notice of Estimated Tax Due (4) 01-10-17 20200. E. Payment with extension, Form NYC-EXT F. Overpayment credited from preceding year 9 0 148 . O. TOTAL of A through F. (Enter on Schedule A, line 24) 1 30548 . 60421605 694802 11.09.16 05 EFTA00806389 Form NYC-204 -2016 Page 3 Name NEXT MANAGEMENT LLC EIN 13-3495607 SCHEDULE B I Computation of Total Income Part 1 I Items of income, gain, loss or deduction 1. Ordinary income (loss) from federal Form 1065, line 22 or 1065•B, Part I, line 25 1. 2500442. 2. Net income (loss) from all rental real estate activity not included in Form 1065, One 22 or 1065-B, Part I, line 25 but included on federal Schedule K 2. 3. All portfolio income such as Interest• dividends, royalties, annuity income and gain (loss) on the disposition of property not included in Form 1065, line 22 or 1065.8. Part I, One 25, but included on federal Sch. K STMT 4 8. 15968. 4. Guaranteed payments to partners from federal Schedule K 4. 6. Payments to current and retired partners included in other deductions from federal Form 1065, line 20 or 1065-6, Part I, One 23 5. 6. Other income not included in Form 1065, line 22 or 1065.B. Part I, line 25, but included on federal Sch. K 6. 7. Charitable contributions from federal Schedule K 7. 12512. 8. Other deductions included in Form 1065, line 22 or 1065-6, Part I. line 25 and Part II, fine 13, but not allowed for U8T 8. 9. Other income and expenses not included above that are required to be reported separately to partners STMT 3 9. -64523. 10. Total federal income (combine lines 1 through 9, do not include line 7) 10. 2451887. 11. Subtract net income or gain (or add net loss) from rental. sale or exchange of real property situated outside NYC if included in line 10 above (attach schedule) 11. 12. Total Income before New York City modifications (combine line 10 and line 11) 12. 2451887. Part 2 New York City modifications (see instructions for Schedule B. part 2) SEE ATTACHED K-1S PARTNER A PARTNER B PARTNER C TOTAL ADDITIONS EIN OR SSN ► 13. Au income taxes and Unincorporated Business Taxes 13. 13. 128402. 14. (a) Relocation credits 14a. 14a. (b) Expenses related to exempt income 14b. 14b. (c) Ow. adj. (attach Form NYC-399 and/or NYC-3994 14c. 14c. (d) Exempt Activities 14d. 14d. 16. Other additions (attach schedules) 15. SEE STATEMENT 1 15. 2849572. 16. Total additions (add lines 13 through 15) 16. 16. 2977974. SUBTRACTIONS PARTNER A PARTNER B PARTNER C TOTAL 17. All income tax and Unincorporated Business Tax refunds (included in part 1) 17. 17. 18. Wages and salaries subject to federal Jobs credit (attach fedora( Form 5884) 18. 18. 19. Deur. adj. (attach Form NYC-399 and/or NYC-3992) 19. 19. 20. Exempt income (included ii part 1, line 10) 20. 20. 21. 50% of dividends 21. 21. 22. Exempt Activities 22. 22. 23. Other subtractions (attach schedule) 23. SEE STATEMENT 2 23. 228820. 24. Total subtractions (add lines 17 through 23) 24. 24. 228820. 25. Combine lines 16 and 24 (total) 25. 2749154. 26. Total income (combine lines 12 and 25) 26. 5201041. 27. Less: Charitable contributions (not to exceed line 7. or 5% of line 26, whichever is less) 27. 12512. 28. Balance (one 26 less line 27) 28. 5188529. 29. Investment Income • (complete lines a through g below) (a) Dividends from stocks held for investment 29a. (b) Interest from investment capital (Include nonexempt governmental obligations) (itemize on rider) 29b. (c) Net capital gain (loss) from sales or exchanges of securities held for investment 29c. (d) Income from assets included on line 3 of Schedule D 29d. (e) Add lines 29a through 29d inclusive 29e. (f) Deductions directly or indirectly attributable to investment Income 29f. (9) Interest on bank accounts included in income reported on line 29d 255. 30. Investment Income (line 29e less line 29f) (enter on page 1, Sch. A, line 7a) 30. 31. Business income (fine 28 less line 30) (enter here and transfer this amount to page 1, Sch. A, line') 31. 5188529. 60431605 6946 I 11.09.16 05 EFTA00806390 Form NYC -204 - 2016 Page 4 Name NEXT MANAGEMENT LLC EIN 13-3495607 THIS SCHEDULE MUST BE COMPLETED FOR PARTNERSHIPS TO COMM Al LOWANCE FOR PARTNER'S SERVICES SCHEDULE C Partnership Information- AND FOR PARTNERS TO CLAIM THE UST PAD CREDIT ON THEIR UST. OCT. BCT CC PIT RETURNS. 0 How many partners are in this partnership? —De- I 3 I I Number of active partners —a- I 3 I Please provide the following information: Full Name and Address, Employer Identification Number or Social Security Number, check Yes or No If ndividual partner is a resident of NYC. enter type of partner (C if Corporation. S if S Corporation, I if Individual, P if Partnership. LIP or LLC, Off Other). check the appropriate box if partner is a general or a limited partner. A B C D E F G H I Is mammal Name and ZIP Code (it within USA) Pomon10e° pamw , Partner Partnor's Percentage of Interest 0, .",,,„, Reword 0 Partner Employer ickintinc000n Number Castrioutlos Dkalbutive Name and Country (if outside of USA) % Devoted Nyos( s„,..) Type (") Shan Sham B in4 Sods Security Number Imo mst) Goa Ira) YES NO sys 01 ilIrn (a) % °A (b) % % % (c) % % % (d) % 94 % (e) % % °A SEE STATEMENT NYC SCHEDULE C - PARTNERSHIP INFORMATION TOTALS: 100% SCHEDULE D Investment Capital and Allocation and Cash Election A B C D E F G DESCRIPTION OF INVESTMENT No. of Shwa; ce AWirat,4 Matatios Net Average Wlue issuer's valueAIIocatd LIST EACH STOCK AND SECURITY Amount M Value AnTbutoloba to Mann C name Allocation to NYC AJE.E RIDER F NECESSARC Socurlbas Incstment Capital column 0) Percentage (colurrn E X column F) % 1. Totals (including items on rider) lle 2. Investment allocation percentage (line 1G divided by line 1E. Round to the nearest ne hundredth of a percentage point) 2. % ._ (To at cash as Investment ca011oa 3. Cash • you must include n on tros ins) NO' 4. Investment capital. Total of line le and 3e ile ATTACH FEDERAL FORM 1065 OR 1065-B AND ALL ACCOMPANYING SCHEDULES INCLUDING THE INDIVIDUAL K-1s 60441605 r. 05 EFTA00806391 Form NYC-204 - 2016 Page 5 Name NEXT MANAGEMENT LLC MN 13-3495607 ALLOCATION OF BUSINESS INCOME ALLOCATION NON-ALLOCATION Taxpayers who allocate income outside the City: Taxpayers who do not allocate business income: • complete Schedule E, Parts 1,2 and 3 (below) and • omit Schedule E. Pans 1 and 2 (below) • Enter percentage rounded to the nearest one hundredth of a percentage point • enter 100% on Schedule E. Part 3. line 5 and 100% on Sched. A, line 2 on Schedule A, line 2 SCHEDULE E Complete this schedule if business Is carried on both inside and outside New York City List location of each place of business INSIDE New York City, nature of activities at each location (manufacturing, sales office. executive office. Part 1 public warehouse. contractor, converter. etc.), and number of employees, their wages, salaries and duties at each location. Complete 0460£4 Rent Nature of enemies e r;p1.4 0. wages. Salines. Etc Duties I I BOOKING & 15 WATTS ST NEW YORK NY 10013 628675. MODEL AGENCY 53 8519446. AD PUBLIC BOOKING & 15 WATTS ST NEW YORK NY 10013 11821. RELATIONS 2 246911. AD Total OP' 640496. 55 8766357. List location of each place of business OUTSIDE New York City, nature of activities a each location (manufacturing. sales office, executive office. Part 2 public warehouse. contractor, converter, etc.), and number of employees. their wages. salaries and duties at each location. Complete Adeeetes Rent Nature of attunes "71; 0 Wages. Salines. Eta Duties I J BOOKING & 1688 MERIDIAN AVE MIAMI FL 33101 116471. OFFICE 9 976440. AD BEVERLY BOOKING & 8447 WILSHIRE BLVD HILL ICAI90210 153819. OFFICE 20 2247040. AD Total Illo 270290. 29 3223480. Part 3 I Formula Basle Allocation of Income 694913 11.09-16 DESCRIPTION OF ITEMS USED AS FACTORS COLUMN A - COLUMN B - COLUMN C NEW YORK CITY EVERYWHERE 1. parity a the business (See Ina) IA' PERCENTAGE IN NEW YORK CITY a. Business real property owned Ia. 0. 0. (COLUMN A b. Business real property rented from others rent x SI lb. 5123968. 7286288. DIVIDED BY e. Business tangible personal property owned lc. 588100. 721130. COLUMN B) d• Bysinsswiaitry prison' Mob mad from Omens x 8) Id. 0. e. Total of lines la • Id le. 5712068. 8007418. 71.33% L Mulffp Column C of line le bt.6.5 11. 463.65 2 a. oailyrdorboWeab urinwr" wen:Veryeb 2a. 9011461. 12234940. 73.65% 2 b. Multiply Column C of line 2a by 6.5 3 a. icykizo;tr... 2b. 478.73 leer I I HAW 1. KIWI) a ‘l la• IMMO 3a. 14659692. 21743272. 67.42% 3 b. MultiplyColumn C of line 3a by 87 3b. 5,865.54 Weighted Factor Allocation 4 a. Add Column C. Ines lf, 2b and 3b owe inoaa by ice it no boots ere missing attitteilielereniiellikialeal46WINCESathe ........ 4a. 6,807.92 4 b. present. Enter as percentage. Round to the nearest one hundredth of a percentage VOW 4b. 68.08% Business Allocation Percentage 5. Enter percentage from line 4b. Transfer to page 1, Schedule A. line 2. See instructions 5. 68.08% 6. IS ANY PLACE OF BUSINESS LISTED IN PARTS 1 AND 2 LOCATED IN A PARTNER'S HOME? YES X NO 7. DID YOU CLAIM A DEDUCTION FOR EXPENSES OF AN OFFICE IN A PARTNER'S HOME? YES X NO 60451605 ATTACH FEDERAL FORM 1065 OR 1065-B AND ALL ACCOMPANYING SCHEDULES INCLUDING THE INDIVIDUAL K-1'S 05 EFTA00806392 Form NYC-2O4 - 2016 Page 6 Name NEXT MANAGEMENT LLC EIN 13-3495607 If you are taking a Net Operating Loss Deduction this year, please attach Form NYC-NOLD-UBTP. If you have a loss on Page 1, SCHEDULEF Line 10 which you are carrying forward, please attach Form NYC-NOLD-UBTP and enter that value on Line 6. SCHEDULE G The following information must be entered for this return to be complete I. Nature of business or profession: MODEL AGENCY 2. New York State Sales Tax ID Number: 133495607 3. Did you file a New York City Partnership Return for the following years: ... 2014: X YES — NO 2015: X YES NO If 'NO,' state reason: 4. If business terminated during the current taxable year, state date terminated. torn-eri-ro (Attach a statement showing asposItion 01two PreParlY./ 6. Has the Internal Revenue Service or the New York State Department of Taxation and Finance Increased or decreased any taxable income reported in any tax period, or are you currently being audited? YES X NO If 'YES,' by whom? Internal Revenue Service State period(s): Beg.: End.: — I:O21321r - RIKr6O777-- New York State Department of Taxation and Finance State period(s): Beg.: End.: — I2121321r — RIKr6O777-- IL Has Form NYC.115 (Report of Federal/State Change in Taxable Income) been filed? Only applicable for years prior to 1/1/15. For years beginning on or after 1/1/15, file an amended return. (see Instructions) YES X NO 7. Did you calculate a depreciation deduction by the application of the federal Accelerated Cost Recovery System (ACRS)? YES X NO 8. Were you a participant in a 'Safe Harbor Leasing" transaction during the period covered by this return? YES X NO 9. At any time during the taxable year. did the partnership have an interest in real property (Including a leasehold interest) located in NYC or in an entity owning such real property? STATEMENT 5 X YES NO 10. If 'YES' to 9: a) Attach a schedule of the property. ndicating the nature Cl the interest and induang the Weer address. borough. block and Sot number. b) Was any NYC real property (including a leasehold interest) or interest in an entity owning NYC real property, acquired or transferred with or without consideration? YES X NO c) Was there a partial or complete liquidation of the partnership? YES X NO d) Was 5O% or more of the partnership ownership transferred during the tax year. over a three-year period, or according to a plan? YES X NO 11. If 'YES' to 1Ob, 1Oc or 1Od, was a Real Property Transfer Tax Return filed? YES NO 12. If 'NO' to 11, explain: 13. Does this taxpayer pay rent greater than $2OO.OOO for any premises in NYC in the borough of Manhattan south of 96th Street for the purpose of carrying on any trade. business, profession, vocation or commercial activity? X YES NO 14. If 'YES.' were all required Commercial Rent Tax Returns filed? X YES NO Please enter Employer Identification Number which was used on the Commercial Rent Tax Return: 13-3495607 CERTIFICATION WOW tam? mat ma MUM O. incirming any accompanying now. W. al MG Ow5i or N.) n(CV,hied tjr ape never. sue. alfrOCI amp complete Iauthoeue the Department 01Finance to *sous* this return with the papaw fisted below. (see imanycnona) YES X I Firm's En Address: GPRESS6SPL -CPA Signature al taxpayer: 11%: Data: am • pr PIN MW Preparers Mowers signerunx nameGARY W. PRESS Date:09-12-17 I Firm's EMpleyer Identweation Number SACKS PRESS & LACHER PC rang 13-3050313 600 THIRD AVENUE Gilead NEW YORK NY 10016-1901 SOlt.erriPICY0t1 0.= Firm's name A Address 'P Cc... MAILING INSTRUCTIONS Attach federal form 1065 or 1065-6 and all accompanying schedules including the Ind victual K-1s Make remittance payable to the order of NYC DEPARTMENT OF FINANCE. Payment must be made in U.S. dollars and drawn on a U.S. bank. To receive proper credit, you must enter your correct Employer Identification Number on your tax reborn and remittance. The due date for the calendar yen 2016 return is on or before March 15,2017. For fiscal years beginning in 2016, file on or before the 15th day of the third month following the close of the fiscal year. ALL RETURNS EXCEPT REFUND RETURNS REMITTANCES RETURNS CLAIMING REFUNDS NYC DEPARTMENT OF FINANCE PAY ONLINE WITH FORM NYC-200V NYC DEPARTMENT OF FINANCE UNINCORPORATED BUSINESS TAX AT NYC.GOV/ESERVICES UNINCORPORATED BUSINESS TM P.O. BOX 5564 OR P.O. BOX 5563 BINGHAMTON. NY 139026564 Mall Payment and Form NYC-200V ONLY to: BINGHAMTON, NY 139025563 NYC DEPARTMENT OF FINANCE P.O. BOX 3933 NEW YORK, NY 10008-3933 60461605 694814 11.09.16 06 EFTA00806393 NEXT MANAGEMENT LLC 13-3495607 NYC 204 OTHER ADDITIONS STATEMENT 1 DESCRIPTION AMOUNT INDIRECT COMPENSATION TO PARTNERS 2,849,572. TOTAL TO FORM 204, SCHEDULE B, PART 2, LINE 15 2,849,572. NYC 204 OTHER SUBTRACTIONS STATEMENT 2 DESCRIPTION AMOUNT PASSTHROUGH ADJUSTMENTS 228,820. TOTAL TO FORM 204, SCHEDULE B, PART 2, LINE 23 228,820. NYC 204 OTHER ITEMS STATEMENT 3 DESCRIPTION AMOUNT SECTION 179 EXPENSE DEDUCTION -64,523. TOTAL TO FORM 204, SCHEDULE B, PART 1, LINE 9 -64,523. NYC 204 PORTFOLIO INCOME STATEMENT 4 DESCRIPTION AMOUNT INTEREST INCOME 15,968. TOTAL TO FORM 204, SCHEDULE B, PART 1, LINE 3 15,968. STATEMENT(S) 1, 2, 3, 4 EFTA00806394 NEXT MANAGEMENT LLC 13-3495607 NYC 204 SCHEDULE G - OTHER INFORMATION REQUIRED STATEMENT 5 NATURE OF INTEREST - ADDRESS, BOROUGH, BLOCK AND LOT NUMBER LEASEHOLD INTEREST STATEMENT(S) 5 EFTA00806395 UBT PAID CREDIT NYC - 114.7 0,Ntircl tit :11;rip; UNINCORPORATED BUSINESS TAXPAYERS 2016 ATTACH TO FORM NYC-204 For CALENDAR YEAR 2016 or FISCAL YEAR beginning 01-01-2016 2016 and ending 12-31-2016 V Prim or Type name 04 shown on Form NYC.204 V EMPLOYER CENTIFICATION NUMBER NEXT MANAGEMENT LLC 13-3495607 SCHEDULEAl la. Add total of amounts from Schedule B, line 9, for all partnerships with respect to which you are claiming a credit (see Instructions) la. 8756. lb. Enter amount from Schedule D. line 9 lb. lc. Total of lines la and 1b lc. 8756. 2. Enter amount from Form NYC•204, Schedule A. line 19 2. 149047. 3. UBT PAID CREDIT • Enter the lesser of line lc and line 2 and transfer amount to Form NYC•204, Schedule A. line 20 3. 8756. SCHEDULE B A separate Schedule B must be completed for each partnership with respect to which you an claiming this credit. 14-1c of putt,lh Ito Ii TrOrn,:.drittnimme EMPLOYER IDENTIFCOTION NUMBER OF OCIRIBUTING PARTNERSHIP 1/111Col p;;r1mittd:4grvt'..ninirmo; putrin:: TWO TWELVE MANAGEMENT, LLC 20-1354409 1. Unnccrporated business tax paid by distributing partnership (from its Form NYC•204. Schedule A. line 23) 1. 22045. 2. Credits taken by distributing partnership on its own return (from its Form NYC204, Schedule A, line 20 and Ines 22a through 22d) (see instructions) 2. 3 Total of lines 1 and 2 3. 22045. 4. Your distributive share percentage with respect to the distributing partnership (see Instructions) 4. 39.7177 5. Multiply line 3 by the percentage on line 4 6. 8756. 6. Tax from Form NY0204, Schedule A. line 17, modified if necessary (see instructions) 6. 149047. 7. Tax from pro forma Form NYC204, Schedule A, line 17 (see instructions) 7. 139894. 8. Subtract line 7 from line 6 8. 9153. 9. Enter lesser of line 5 and line 8 here 9. 8756. COMPLETE SCHEDULES C AND D IF YOU HAVE UBT PAID CREDITS FROM PRECEDING YEARS THAT YOU MAY CARRY FORWARD TO 2016 SCHEDULE C 1. 7th preceding year percentage la. current year percentage lb. 2. 6th preceding year percentage 2a. current year percentage 2b. 3. 5th preceding year percentage 3a. current year percentage 3b. 4. 4th preceding year percentage 4a. current year percentage 4b. 5. 3rd preceding year percentage 5a. current year percentage 5b. 6. 2nd preceding year percentage 6a. current year percentage 6b. 7. 1st preceding year percentage 7a. current year percentage 7b. SCHEDULE D (see instructions) APPLICABLE YEAR COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E cfacilrwmANamm% c(46ww.,,,,As Croat Conyroni..4 to 901F O06.ron A Woo C0ltron El Of lassos, zero. ootorol 1. Current year 8756. 149047. NA NA 2. 7th preceding year 140291. 3. 6th preceding year 140291. 4. 5th preceding year 140291. 5. 4th preceding year 140291. 6. 3rd preceding year 140291. 7. 2nd preceding year 140291. 8. 1st preceding year 140291. 9. Total Column D. lines 2 th ouqh 8 (enter on Schedule A. line 1b) 9. 694861 11-09.16 NYC. 114.7 2015 61111605 05 EFTA00806396 NYC 114.7 Schedule B and Pro Forma Tax Calculation 2016 Name EIN NEXT MANAGEMENT LLC 13-3495607 Name of Distributing Partnership EIN of Distributing Partnership TWO TWELVE MANAGEMENT, LLC 20-1354409 SCHEDULES Unincorporated business tax paid by distributing partnership (from Form NYC•204, line 23) 1. 22045. Credits taken by distributing partnership on its own return (from Form NYC•204, Schedule A Ines 20. 22a, 22b, 22c and 22d) 2. Total of lines 1 and 2 3. 22045. Your distributive share percentage with respect to the disUibuting partnership (from distributing partnership's Form NYC•204, Schedule C) 4. 39.717696 % Product of line 3 and line 4 5. 8756. Tax from NYC•204, Schedule A. line 17 (modified if necessary) 6. 149047. Tax from pro forma Form NYC-204, Schedule A. line 17 7. 139894. Subtract line 7 from line 6 8. 9153. Enter lesser of line 5 and line 8 9. 8756. PRO FORMA FORM NYC-204 TAX CALCULATION Business income (from page 2, Schedule B, line 31) 1. 5188529. Business allocation percentage from Schedule E, line 5 (1not allocating, enter 100%) 2. 68.0800% If fine 2 is less than 100%. enter income or loss on NYC real property 3a. 0. Enter allocated business income, or subtract business loss, from other partnerships 3b. 0. Balance (line 1 less line 3a) 4. 5188529. Multiply line 4 by the business allocation percentage from Me 2 5. 3532351. Total of lines 3a and 3b 6. 0. Investment income (from page 3, Schedule B, line 30) 7a. 0. Add allocated investment income, or subtract investment loss from other partnerships 7b. 0. Investment allocation percentage (LAP) (from page 4. Schedule D. line 2) 8. 68.0800% Multiply line 7a by the LAP from line 8. Add the amount on line 7b 9. 0. Total before NOL deduction 10. 3532351. Deduct NYC net operating loss deduction (from Form NYCNOLPUBTP, line 11) 11. 0. Balance before allowance for active partners' services (line 10 less line 11) 12. 3532351. Less: allowance for active partners' services Of line 12 is a loss, enter '0') Number of active partners claimed 13. 30000. Balance before specific exemption (line 12 less line 13) 14. 3502351. Less: specific exemption (attach schedule) (if line 12 is a loss, enter '0') 15. 5000. Taxable income pine 14 less line 15) 16. 3497351. Tax before business tax credit (4% of amount on line 16) 17. 139894. 694271 01-15-17 EFTA00806397 UNDERPAYMENT OF ESTIMATED 2016 NYC - 221 UNINCORPORATED BUSINESS TAX Dtairt-luaF'firt)r):t ATTACH TO YOUR TAX RETURN For CALENDAR YEAR 2016 or FISCAL YEAR beginning 01-01-2016 ,and ending 12-31-2016 Print or Type • Name PAFONEFISHIPS. ESTATES AND TRUSTS ONLY SOCIAL SECURITY MJMBER ENTER EMPLOYER IDENTIFICATION NUMBER NEXT MANAGEMENT LLC OR 13-3495607 Computation of Underpayment 1. 2016 tax (from NYC-202 or NYC-2028N, Schedule A, line 19; NYG204, Schedule A, line 21; or hP(0202S, Schedule A, line 8) 1. 140291. 2. Credits (from NYC-202 or NYC-202EIN, Schedule A, lines 20a, 20b. 20c and 20d or NYC-204, Schedule A, lines 22a, 22b, 22c and 22d) 2. 3. Line 1 less line 2 3. 140291. 4. 90% of line 3 4. 126262. 1- FIRST 2- SECOND 8- THIRD 4- FOURTH Enter quarterly due dates of installments lo— I 04 - 18 - 16 06-15-16 i i 09-15-16 I 01-17-17 5, Divide amount of line 4 by the number of installments required for the year. Enter _ the result the appropriate columns • • • 4). 31565 . 31566 . 31565 . 31566 . 6. Amount paid or credited for each period 6. 90148. 20200. 20200. 7. Overpayment of previous installment 7. 58583 . 27017 . 15652 . 8. Total of lines 6 and 7 8. 90148. 58583. 47217. 35852. 9. Overpayment (line 8 less line 5) 9. 58583. 27017. 15652. 4286. 10. Underpayment pine 5 less line 8) 10. —> COMPUTATION CONTINUES ON PAGE 2 [ Exceptions that Avoid the Underpayment PenaltyI Total cumulative amount paid or credited from the i - FIRST QUARTER 2- SECOND OUARIFR 3. THIRD QUARTER 4. FOURTH MARTHA beginning of the taxable year through the installment dates that correspond to the 15th day of the 4th. 6th and 9th months of the taxable year and the 15th day of the first month of the succeeding taxal3le year 90148. 90148. 110348. 130548. AEXCEPTIONI. . 25% at 2015 tax 50% ol 2015 tax 75% 012015 tax 100% or 2013 tax Mx wigs ay (2016) I •24 130319. 32580. 65160. 97739. 130319. Enter 25% of tax Enter 50/6 01 tax Ent,' 75% 0 tax Enter 100% of T. • EXCEPTION 2 - Tax on prior year's facts and law using 2016 rates (attach computation) ante 22.50% ot tax Enter 4596 0 tax Enter 67.50% 01tax • EXCEPTION 3 - Tax on annualized 2016 income (attach computation) Enter MO of tax Erna 004 01 tax Ent,' 90% 44 tax • EXCEPTION 4 - Tax on 2016 income over short periods (attach computation) • EXCEPTION 5 - Tax on recurring seasonal 2016 income (attach computation) EXCEPTION MET YES YES YES YES NYC-2212010 60611605 694481 114)10-16 05 EFTA00806398 Form NYC-221- 2016 NEXT MANAGEMENT LLC 13-3495607 Page 2 COMPUTATION OF PENALTY t• FIRST 2- SECOND 3- 11661) 4. FODIRDI 04-18-16 1 06-15-16 09-15-16 01-17-17 11. Enter the date of payment a the 15th day of the 4th month after the close of the taxable year. whichever is sailer 11 12. Number of days from due date of instalment to the date shown on line 11 12. 13. Ntenbot of days on lane 12 ands 4/15/2016 and betas 7/1/2016 13. 14. Number of days on line 12 after 6/30/2016 and before 10/1/2016 14. 15. Number of days on line 12 alter 9/30/2016 and before 1/1/2017 IS. 16. Number of days on line 12 after12/31/2016 and before 4/1/2017 16. 17. Number of days on line 12 after 3/31/2017 and before 7/1/2017 17. 18. Number of days on line 12 after 6/30/2017 and before 10/1/2017 18. 19. Number of days on line 12 alter 9/30/2017 and before 1/1/2018 19. 20. Ntenbot of days on line 12 alW 1241/2017 and before 5/1512018 20. 21. Number of days on line 13 x 8% x amount on line 10 366 21. 22. Number of days on line 14 x 8% x amount on line 10 366 22. 23. Number of days on line 15 x 8% x amount on line 10 366 23. 24. Number of days on line 16 x15 x amount on line 10 365 24. 25. Number of days on line 17 x x amount ai line 10 365 25. 26. Number of days on line 18x'% x amount ai line 10 365 26. 27. Number of days on line 19 x 16 x amount on line 10 365 27. 28. Number of days on line 20 x •96 x amount on line 10 365 28. 29. Add IMes 21 through 28 29. 30. To complete this line, refer to the instructions for line 30 30. 31. Add the amounts on line 29 (or line 30, if applicable) for quarters through 4. Enter total and transfer amount to Form NYC-202 or NYC-202EIN, Schedule A, line 25c or Form NYC-204, Schedule A, line 27c (see instructions (or line 30) 31. 'For Information regarding interest rates, call 311. If calling from outside of the five NYC boroughs, please call 212-NEW-YORK (212-639-9675). 60521605 You may also consult the Department of Finance website at nyc.gov/finance 694482 11.09.16 05 EFTA00806399 NYC Schedule C - Partnership Information Partnership Name NEXT MANAGEMENT LLC Partnership. Number 13-3495607 Name and Address Resident of NYC Partner CLAXON INC C/O NEXT MANAGEMENT LLC X Yes No Number Werest% 15 WATTS STREET PartnerType 1 42.0000000% NEW YORK, NY 10013 CORPORATION General Limited Partner's Identification Percentage of Time Partner's Partner's Partner Number Devoted to Business Distributive Share Distributive Pet X 13-3508513 2,179,183. 42.000016% Name and Address Resident of NYC Partner PARTNERSHIP HOLDING CORP. C/O NEXT MA X Yes No Number Interest% 15 WATTS STREET PaMerType 2 31.0000000% NEW YORK, NY 10013 SCORPORATION General Limited Partner's Identification Percentage of Time Partner's Partner's Partner Number Devoted to Business Distributive Share Distributive Pet X 13-3501977 1,608,443. 30.999981% Name and Address Resident of NYC Partner THE WILCOR GROUP INC C/O NEXT MANAGE X Yes No Number Interest % 15 WATTS STREET PaMerType 3 27.0000000% NEW YORK, NY 10013 SCORPORATION General Limited Partner's Identification Percentage of Time Partner's Partner's Partner Number Devoted to Business Distributive Share Distributive Pet X 13-3682060 1,400,903. 27.000003% Name and Address Resident of NYC Partner Yes — No Number Interest % Partner Type General Limited Partners Identification Percentage of Time Partners Partners Partner Number Devoted to Business Distributive Share Distributive Pet Name and Address Resident of NYC Partner Yes — No Number Interest % Partner Type General Limited Partners Identification Percentage of Time Partners Partners Partner Number Devoted to Business Distributive Share Distributive Pet 694441 04.01.16 13 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806400 NEW YORK CITY Partner's New York City Information SCHEDULE K-1 For Calendar Year 2016 or Fiscal Year 2016 EQUIVALENT Beginning 2016; and Ending Partners Name. Address a d ZIP Code Partner Number 1 CLAXON INC Partner's Identifying Number C/O NEXT MANAGEMENT LLC 13-3508513 15 WATTS STREET NEW YORK, NY 10013 Resident Nonresident Amended Schedule K-1 Q Final Schedule K-1 Partnership's Name, Address and ZIP Code Partnership's Identifying Number 13-3495607 NEXT MANAGEMENT LLC Partner's Percentage of 15 WATTS STREET, 6TH FLOOR Ownership 42.0000000% NEW YORK NY 10013 Profit and Loss 42.0000000% % of time devoted Time devoted % of Total Distributive Shares 42.000016% ITEMS OF BUSINESS INCOME, GAIN, LOSS OR DEDUCTION 1 Ordinary income (loss) 1 1050186. 2 Net income (loss) from ALL rental real estate activity not included in line 1 2 3 All portfolio income such as interest, dividends. royalties, annuity income and gain (loss) on the disposition of property held for investment not included In line 1 and line 2 3 6707. 4 Guaranteed payments to partners 4 5 Payments to retired partners included in other deductions from federal Form 1065 5 6 Other income not included in lines 1.2 and 3 6 7 Charitable contributions I 7 I 5255. 8 Other deductions not included in lines 1.2 and 3 8 9 Other items and amounts not included above that are required to be reported separately to partners STMT 9 -27100. 10 Total income (combine lines 1 through 9.00 NOT INCLUDE LINE 7) 10 1029793. II Subtract (If loss. add) net income from rental or gain from sale or exchange of real property situated outside New York Cit if included in line 10 above 11 12 Total income before New York City modifications (combine line 10 and line 11) 12 102979 . NEW YORK CITY MODIFICATIONS Additions 13 All income taxes and unincorporated business taxes 13 53929. 14 (a) Relocation credits 14a (b) Expenses related to exempt income 14b (c) Depreciation adjustments 14c (d) Exempt activities 14d 15 Other additions SEE STATEMENT 15 1196820. 16 Total additions (add lines 13 through 15) 16 1250749. Subt actions 17 All income taxes and unincorporated business tax refunds 17 18 Wages and salaries subject to federal jobs credit 18 19 Depreciation adjustments 19 20 Exempt income included in Part I. line 10 20 21 50% of dividends 21 22 Exempt activities 22 23 Other subtractions SEE STATEMENT 23 96104. 24 Total subtractions (add lines 17 through 24) 24 96104. 694821 04.01-16 14 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806401 NEXT MANAGEMENT LLC 13-3495607 NYC SCHEDULE K-1 OTHER ADDITIONS TO INCOME DESCRIPTION AMOUNT INDIRECT COMPENSATION TO PARTNERS 1,196,820. TOTAL TO SCHEDULE K-1, LINE 15 1,196,820. NYC SCHEDULE K-1 OTHER SUBTRACTIONS FROM INCOME DESCRIPTION AMOUNT PASSTHROUGH ADJUSTMENTS 96,104. TOTAL TO SCHEDULE K-1, LINE 23 96,104. NYC SCHEDULE K-1 UBT PAID CREDIT INFORMATION PARTNER'S PARTNER'S TOTAL DISTRIB. % SHARE DESCRIPTION (A) (B) (A) X (B) UBT PAID NYC 204, SCHEDULE A, LINE 23 140,291. 42.000016 58,922. CREDITS TAKEN NYC 204, SCHEDULE A, LINES 20, 22A, 22B, 22C & 22D 8,756. 42.000016 3,678. NYC SCHEDULE K-1 OTHER ITEMS DESCRIPTION AMOUNT SECTION 179 EXPENSE DEDUCTION -27,100. TOTAL TO SCHEDULE K-1, LINE 9 -27,100. 15 PARTNER NUMBER 1 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806402 NEW YORK CITY Partner's New York City Information For Calendar Year 2016 or Fiscal Year SCHEDULE K-1 2016 EQUIVALENT Beginning , 2016; and Ending Partners Name. Address a d ZIP Code Partner Number 2 PARTNERSHIP HOLDING CORP. Partner's Identifying Number C/O NEXT MANAGEMENT LLC 13-3501977 15 WATTS STREET NEW YORK, NY 10013 Resident Nonresident Amended Schedule K-1 Final Schedule K-1 Partnership's Name, Address and ZIP Code Partnership's Identifying Number 13-3495607 NEXT MANAGEMENT LLC Partner's Percentage of 15 WATTS STREET, 6TH FLOOR Ownership 31.0000000% NEW YORK NY 10013 Profit and Loss 31.0000000% % of time devoted Time devoted % of Total Distributive Shares 30.999981% ITEMS OF BUSINESS INCOME, GAIN, LOSS OR DEDUCTION 1 Ordinary income (loss) 1 775137. 2 Net income (loss) from ALL rental real estate activity not included in line 1 2 3 All portfolio income such as interest, dividends. royalties, annuity income and gain (loss) on the disposition of property held for investment not included in line 1 and line 2 3 4950. 4 Guaranteed payments to partners 4 5 Payments to retired partners included in other deductions from federal Foim 1065 5 6 Other income not included in lines 1.2 and 3 6 7 Charitable contributions I 7 I 3879. 8 Other deductions not included in lines 1.2 and 3 8 9 Other items and amounts not included above that are required to be reported separately to partners STMT 9 -20002. 10 Total income (combine lines 1 through 9.00 NOT INCLUDE LINE 7) 10 760085. 11 Subtract (If loss. add) net income from rental or gain from sale or exchange of real property situated outside New York City if included in line 10 above 11 12 Total income before New York City modifications (combine line 10 and line 11) 12 760085. NEW YORK CITY MODIFICATIONS Additions 13 All income taxes and unincorporated business taxes 13 39804. 14 (a) Relocation credits 14a (b) Expenses related to exempt income 14b (c) Depreciation adjustments 14c (d) Exempt activities 14d 15 Other additions SEE STATEMENT 15 883368. 16 Total additions (add lines 13 through 15) 16 923172. Subt actions 17 All income taxes and unincorporated business tax refunds 17 18 Wages and salaries subject to federal jobs credit 18 19 Depreciation adjustments 19 20 Exempt income included in Part I. line 10 20 21 50% of dividends 21 22 Exempt activities 22 23 Other subtractions SEE STATEMENT 23 70935. 24 Total subtractions (add lines 17 through 24) 24 70935. 694821 04.01-16 16 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806403 NEXT MANAGEMENT LLC 13-3495607 NYC SCHEDULE K-1 OTHER ADDITIONS TO INCOME DESCRIPTION AMOUNT INDIRECT COMPENSATION TO PARTNERS 883,368. TOTAL TO SCHEDULE K-1, LINE 15 883,368. NYC SCHEDULE K-1 OTHER SUBTRACTIONS FROM INCOME DESCRIPTION AMOUNT PASSTHROUGH ADJUSTMENTS 70,935. TOTAL TO SCHEDULE K-1, LINE 23 70,935. NYC SCHEDULE K-1 UBT PAID CREDIT INFORMATION PARTNER'S PARTNER'S TOTAL DISTRIB. % SHARE DESCRIPTION (A) (B) (A) X (B) UBT PAID NYC 204, SCHEDULE A, LINE 23 140,291. 30.999981 43,490. CREDITS TAKEN NYC 204, SCHEDULE A, LINES 20, 22A, 22B, 22C & 22D 8,756. 30.999981 2,714. NYC SCHEDULE K-1 OTHER ITEMS DESCRIPTION AMOUNT SECTION 179 EXPENSE DEDUCTION -20,002. TOTAL TO SCHEDULE K-1, LINE 9 -20,002. 17 PARTNER NUMBER 2 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806404 NEW YORK CITY Partner's New York City Information SCHEDULE K-1 For Calendar Year 2016 or Fiscal Year 2016 EQUIVALENT Beginning , 2016; and Ending Partners Name. Address a d ZIP Code Partner Number 3 THE WILCOR GROUP INC. Partner's Identilying Number C/O NEXT MANAGEMENT LLC 13-3682060 15 WATTS STREET NEW YORK, NY 10013 Resident Nonresident Amended Schedule K-1 Final Schedule K-1 Partnership's Name, Address and ZIP Code Partnership's Identifying Number 13-3495607 NEXT MANAGEMENT LLC Partner's Percentage of 15 WATTS STREET, 6TH FLOOR Ownership 27.0000000% NEW YORK NY 10013 Profit and Loss 27.0000000% % of time devoted Time devoted % of Total Distributive Shares 27.000003% ITEMS OF BUSINESS INCOME, GAIN, LOSS OR DEDUCTION 1 Ordinary income (loss) 1 675119. 2 Net income (loss) from ALL rental real estate activity not included in line 1 2 3 All portfolio income such as interest, dividends. royalties, annuity income and gain (loss) on the disposition of property held for investment not included in line 1 and line 2 3 4311. 4 Guaranteed payments to partners 4 5 Payments to retired partners included in other deductions from federal Foim 1065 5 6 Other income not included in lines 1.2 and 3 6 7 Charitable contributions I 7 I 3378. 8 Other deductions not included in lines 1.2 and 3 8 9 Other items and amounts not included above that are required to be reported separately to partners STMT 9 -17421. 10 Total income (combine lines 1 through 9.00 NOT INCLUDE LINE 7) 10 662009. II Subtract (If loss. add) net income from rental or gain from sale or exchange of real property situated outside New York City if included in line 10 above 11 12 Total income before New York City modifications (combine line 10 and line 11) 12 662009. NEW YORK CITY MODIFICATIONS Additions 13 All income taxes and unincorporated business taxes 13 34669. 14 (a) Relocation credits 14a (b) Expenses related to exempt income 14b (c) Depreciation adjustments 14c (d) Exempt activities 14d 15 Other additions SEE STATEMENT 15 769384. 16 Total additions (add lines 13 through 15) 16 804053. Subt actions 17 All income taxes and unincorporated business tax refunds 17 18 Wages and salaries subject to federal jobs credit 18 19 Depreciation adjustments 19 20 Exempt income included in Part I. line 10 20 21 50% of dividends 21 22 Exempt activities 22 23 Other subtractions SEE STATEMENT 23 61781. 24 Total subtractions (add lines 17 through 24) 24 61781. 694821 04.01-16 18 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806405 NEXT MANAGEMENT LLC 13-3495607 NYC SCHEDULE K-1 OTHER ADDITIONS TO INCOME DESCRIPTION AMOUNT INDIRECT COMPENSATION TO PARTNERS 769,384. TOTAL TO SCHEDULE K-1, LINE 15 769,384. NYC SCHEDULE K-1 OTHER SUBTRACTIONS FROM INCOME DESCRIPTION AMOUNT PASSTHROUGH ADJUSTMENTS 61,781. TOTAL TO SCHEDULE K-1, LINE 23 61,781. NYC SCHEDULE K-1 UBT PAID CREDIT INFORMATION PARTNER'S PARTNER'S TOTAL DISTRIB. % SHARE DESCRIPTION (A) (B) (A) X (B) UBT PAID NYC 204, SCHEDULE A, LINE 23 140,291. 27.000003 37,879. CREDITS TAKEN NYC 204, SCHEDULE A, LINES 20, 22A, 22B, 22C & 22D 8,756. 27.000003 2,364. NYC SCHEDULE K-1 OTHER ITEMS DESCRIPTION AMOUNT SECTION 179 EXPENSE DEDUCTION -17,421. TOTAL TO SCHEDULE K-1, LINE 9 -17,421. 19 PARTNER NUMBER 3 14370912 758404 PNEXT100 2016.05050 NEXT MANAGEMENT LLC PNEXT104 EFTA00806406