Epstein Secrets

DOCUMENT SUMMARY To: Leon D. Black From: Ada Clapp Date: April 12, 2013 cc: Eileen Alexanderson, Jeffrey Epstein Re: Debra and Leon D. Black Insurance Trust dated September 14, 1992 Following is a summary of the agreement (the "Trust Agreement") creating The Debra and Le

no later than 21 years after the death of the last survivor of your children, your sister Judy Black and Debra's brothers Bruce, John, Richard and Anthony Ressler. 2 Under current New York law, an individual Trustee is entitled to an annual commission of approximately 30 basis points on the value of the trus

ing your lifetime, if you were to become incapacitated, the Trustees could continue to manage and invest the trust assets and make distributions to Debra and your descendants. Your Will Article I. Family. You recite that you are married to Debra and that you have four children, Benjamin, Joshua, Al

s VI-VII. Executors. A. You appoint Debra, Barry J. Cohen, John J. Hannan and Richard Ressler as co-Executors. If any two of them are not acting, Anthony Ressler will become a co-Executor. B. Debra is not entitled to compensation. Other Executors are entitled to receive the lesser of $250,000 (CPI adjusted

2. Bequest of Annul°, Payments (Article III) If Debra survives you, you give any remaining annuity payments payable to you from any GRAT under the Judah 2009 Investment Trust Agreement to the trustees

cutors (Article IX) You designate Debra, Barry Cohen, John Hannan and Richard Ressler as co-executors. If any two of them cannot act, you designate Anthony Ressler as executor in their places. Debra will not be entitled to compensation for her services as executor. Each other executor will be entitled to comm

resented to Leon D. Black July 8, 2013 EFTA_R1_02106363 EFTA02707649 Leon D. Black Overview of Proposed Will/Revocable Trust—Upon Leon's Death (Debra survives) Last Will and Testament ' Proposed 2013 , Revocable Trust Proposed 2013 --Art Entities -Collectibles. -Balance of Gross Estate. Ma

chard Ressler. Descendant becomes co-Trustee upon attaining a stated age. • Successors: John Hannan is successor to Barry. For Alex's Legacy Trust, Anthony Ressler is successor to Richard. For all other trusts. Allison Ressler is successor to Richard. 4 EFTA_R1_02106366 EFTA02707652