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INVENTORY Decedcnt IZIORIGINAL [:1 AMENDED D SUPPLEMENTAL

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10-PR-16-4610'PR'1646 Filed in First Judicial District Court 1/4/2017 2:38:15 PM Carver County, MN STATE OF MINNESOTA FIRST JUDICIAL DISTRICT DISTRICT COURT COUNTY OF CARVER PROBATE DIVISION Court File No. 10-PR-16-46 Estate of ' Prince Rogers Nelson, INVENTORY Decedcnt IZIORIGINAL [:1 AMENDED D SUPPLEMENTAL Date of Death: April 21, 2016 Bremer Trust, N ationai Association, the Personal Representative of the Estate, states: 1. The following is a true and correct inventory at date of death values of all the property of the Estate, both real and personal, which has come into my possession as Personal Representative. If an appraisal of any asset has been made, the name and address of each appraiser used is included. After diligent search and inquiry concerning the assets of the Estate, the following is a list of the Estate assets by category: SCHEDULE VALUE Schedule A: Real Estate $ 25,431,900.00 Schedule B: Stocks, Bonds, and Other Securities $ 0.00 Schedule C: Bank Accounts, Mortgages, Contracts for Deed, Notes and Cash $ 110,080.51 Schedule D: Other Personal Property $ 836,166.70 SUBTOTAL $ TBD Less Schedule E: Mortgages and Liens $ 0.00 TOTAL 35 TBD 2. A copy of this Inventory, including all schedules, has been mailed to the surviving spouse, if any, and to all rcsiduary distributees of the Decedent and to interested persons and creditors who have requested a copy of the Inventory. MlNN. STAT. § 5243-706 P600 Inventory MNCLE © 20 l 6 I l 30455590 001 10-PR-16-461 0 _ PR _ 1646 Filed in First Judicial District Court 1/4/2017 2:38:15 PM Carver County, MN Under penalties for perjury, I declare or affirm that I have read the Inventory and I know or believe its representations are true and complete. “.1 Dated: ~’ “(w 3 <00 Bremer Trust, N.A. Ry$ LJDOWjQ/Afiémbd Its: Assistant “t, as Special Administrator Attorney for Personal Representative Laura E. Halferty Stinson Leonard Street LLP 150 South Fifth Street, Suite 2300 Minneapolis, MN, 55404 Attorney License No: 311698 Telephone: (613) 335—1500 FAX: (612) 335-1657 Email: [email protected] MINN. STAT. § 524.3-706 P600 Inventory MNCLE © 2016 2 130455590 002 10-PR-16-4610'PR'1646 Filed in First Judicial District Court 1/4/2017 2:38:15 PM Carver County, MN GENERAL INSTRUCTIONS for all Schedules. 1. Values reported should be as of date of death. 2‘ The appointment of an appraiser is not always necessary. 3. Each asset of a Schedule is to be given its own "Item Number." 4‘ DO NOT list any joint tenancy property unless the Decadent did not intend to create a true joint tenancy, but rather created for convenience a nominal joint tenancy which is subject to probate. Joint tenancy with right of survivorship property listed in this inventory may be converted to probate property with the consent of the surviving joint tenant(s). 5. List the gross fair market value of each item Without subtracting for mortgages or iicns. 6. List all mortgages and liens for which decedent was liable on Schedule E. 7. Blank schedules need not be attached. MINN. STAT. § 524.3—706 P600 Inventory MNCLE © 20 i 6 3 1304-55590 003 10-PR-16-46 Filed in First Judicial District Court 1/4/2017 2:38:15 PM Carver County, MN Estate of Prince Rogers Nelson Court File No. 10~PR~16—46 SCHEDULE A: REAL ESTATE INSTRUCTIONS for Schedule A: 1. Include both the legal description and the street address. If rural property also include acreaga 2. For Contracts for Deed: If Decedent owned a Vendor/Seller's interest describe the land on Schedule A, valuing it at zero and show the remaining contract balance on Schedule C. If Dccedcnt owned a Vendee/Buyer‘s interest, describe the property on Schedule A valuing it at its fair market value. 3. County Assessor‘s market value can be obtained from the County Assessor or department of taxation. 4. List only Minnesota real estate. DO NOT list real estate located in other states. County , Item Falr Descri ti on 0 f P rep e r t A 3 sessor's Number p y Market Value Market Value 1 Lot 11, Block 1, Chanhassen Lakes Business Park, 6,731,800.00 VALUATION IN Carver County PROCESS Street Address: 780] Audubon Road, Chanhassen, MN At death, title held by Paisley Park Enterprises (f/k/a PRN Music Corporation), a dissolved California entity 2 Tract B, RLS 89, Carver County 12,399,000.00 VALUATION IN Street Address: None, 156 acres on Galpin PROCESS Boulevard, Chanhassen, MN 3 Tract C RLS 89, Carver County 1,256,100.00 VALUATION IN Street Address: None, vacant lot off Galpin PROCESS Boulevard, Chanhassen, MN 4 Other Real Estate in the County of Carver 938,800.00 VALUATION IN Part of Lot 3, Block 1, Chanhassen Business Park 5th PROCESS Addition, Carver County Street Address: 8020 Park Place, Chanhassen, MN 5 Lot 9, Block 1, Chanhassen Estates, Carver County 294,600.00 VALUATION IN Street Address: 8016 Dakota Avenue, Chauhassen, PROCESS MN MINN. STAT. § 5243-706 P600 Inventory MNCLE © 20l6 4 130455590 004 10-PR-16-46 Filed in First Judicial District Court 1/4/2017 2:38:15 PM Carver County, MN 6 Part of Government Lot 1, Section 25—116—23, Carver 668,700.00 VALUATION IN County PROCESS Street Address: 940] Kiowa Trail, Chanhasscn, MN 7 Part of Government Lot 1, Section 25—116—23, Carver 102,800.00 VALUATION IN County PROCESS Street Address: 941 1 Kiowa Trail, Chanhassen, MN 8 Tract A RLS 89, Carver County 1,769,500.00 VALUATION IN Street Address: 7141 Galpin Boulevard, Chanhasscn, PROCESS MN 55317 9 Part Sec 10—116—23, Carver County 505,600.00 VALUATION IN Street Address: 7021 Galpin Boulevard, Excelsior, PROCESS MN 10 Lot 12, Block 1, Hamman Addition, Hennepin 431,000.00 VALUATION IN County PROCESS Street Address: 1 15 King Creek Road, Golden Valley, MN This property may be subject to a life estate claimed by Omarr Baker. 1 1 Lot 4, Block 2, Draws Addition to Minneapolis, 87,000.00 VALUATION IN Hennepin County PROCESS Street Address: 539 Newton Avenue North, Minneapolis, MN 12 Lot 1, Block 2, Aztec Drive Addition, Hennepin 247,000.00 VALUATION IN County PROCESS Street Address: none assigned Schedule A: Real Estate (Tax Value Total) TOTAL $25,431,900.00 MINN. STAT. § 524.3406 P600 Inventory MNCLE o 20 16 5 I 3045 5590 005 10-PR-16-4610'PR'1646 Filed in First Judicial District Court 1/4/2017 2:38:15 PM Carver County, MN Estate of Prince Rogers Nelson Court File No. lO-PR-16-46 SCHEDULE B: STOCKS, BONDS AND OTHER SECURITIES INSTRUCTIONS for Schedule B: 1. Specify face value of bonds, number of shares of stock, stock certificate number and CUSIP number, if available. 2. List each bond issue, stock, or certificate separately. Item _. A Unit Fair Descupuon Of Property Number Value Market Vaiue Schedule B: Stocks, Bonds and Other . V. TOTAL 0.00 S ecunues MINN. STAT. § 5243-706 P600 Inventory MNCLE © 2016 6 l 30455590 006 10-PR-16-4610'PR'1646 Filed in First Judicial District Court 1/4/2017 2:38:15 PM Carver County, MN Estate of Prince Rogers Nelson Court File No. lO—PR— 1 6—46 SCHEDULE C: BANK ACCOUNTS, MORTGAGES, CONTRACTS FOR DEED, NOTES AND CASH INSTRUCTIONS for Schedule C: 1. List Vendor/Seller‘s interest in Contract for Deed on this Schedule. Also include the date of the contract, name of Vendec/Buyer, interest rate and unpaid balance at date of death, and accrued interest, if any. 2. List Mortgages owned by Decadent as assets, NOT mortgages for which Decadent is liable or mortgages secured by property in the Estate. Item Fair Description of Property Number Market Value 1 Bremer Bank Account ###9l42 4,069.21 2 Bremer Bank Account ###7163 658.15 3 Bremer Bank Account ###9150 16,083.22 4 Bremer Bank Account ###9632 (dba Controversy Music) 8,200.95 5 Miscellaneous Cash 55,666.23 6 MVEC Capital Credits 129.65 7 Unclaimed Property 25,273.10 Mortgages, Contracts TOTAL 1 1 0’ 08 0‘ 51 $311313: golfieinfngcggilnts, lnvenlory 33335n 3912243406 P6700 I 3045 5590 007 10-PR-16-461O-PR-16-46 Filed in First Judicial District Court 1/4/2017 2:38:15 PM Carver County, MN Estate of Prince Rogers Nelson Court File No4 lO—PR—16—46 SCHEDULE D: OTHER PERSONAL PROPERTY INSTRUCTIONS for Schedule D: 1. List on this schedule, any personal property owned by Decedent and not reported on other schedules. Examples of property to be listed on this schedule include: refunds, wearing apparel, household goods, automobiles, furniture, business interests, and insurance payable to the Estate. 2. Where appropriate, specify the location of the property. 3. Use actual value or specify if asset has no pecuniary value. 4. DO NOT list non—probate property. Fair Item ‘ . Descrlptlon of Personal P1. operly Number Market Value l Paisley Park Enterprises, Inc., Minnesota corporation - sole shareholder VALUATION Assets: IN PROCESS Cash On Hand - $86,273.68 Real Estate (Tax assessed value) — $1,857,500.00 wcow> Trademarks (See Attached Exhibit 1) Copyrights in Master Recordings (title confirmation in process) Vehicles (title confirmation in process) 1993 Ford Thunderbird (MN) 1995 Jeep Grand Cherokee (MN) 1997 Lincoln Town Car (MN) 2004 Cadillac Roadster XLR (MN) 2010 Mercedes Benz 2011 Lincoln MKT (MN) 1996 BMW Z3 Roadster (MN) 2006 Bentley (CA) 1985 Cadillac Limo (MN) 1999 Plymouth Prowler (MN) 2 NPG Records, Inc., Minnesota Corporation — sole shareholder VALUATION Assets: IN PROCESS A.
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