Epstein Secrets

re presumed to mirror those in Leon's documents. • Administration expenses are assumed to be $5 million in Leon's estate and are assumed to be 2% of Debra's probate estate. • Valuation discounts totaling 30% are applied to the value of Black Family Partners. L.P. interests. • The value of the GRATs i

ghest Federal Estate Highest New York Estate Credit Tax Rate Tax Rate 2014 5.340,000 $ 2,081,800 40% 16% Notes and Assumptions: • Leon and Debra are presumed to die in 2014 with Leon immediately predeceasing Debra. • Debra's Will and Revocable Trust provisions are presumed to mirror those in

Slack 5.090.000 1992 Trust Maio Victoria R. Black $ 5.000.000 Page 17 of 26 EFTA00602628 Leon D. and Debra R. Black Overview of Estate Plan Black Family 1997 CST•Exempt Trust Flow Chart - Following Debra's Death Trustees: Barry Cohen. John Hannan and Richard Ressler Separate TrusI Irb o Benjamin E. Blac

Slack 2000 ion* Tryst BC RR JH APO Agreement LDB 2011 LBF Holdings LW LLC 7" APO2 Declaratkr Leon Black 1999 Insurance Trust 2 BC Debra and Leon Black Insurance Trust (1992) Black Family Partners LP APO1 Agreement • Cash - $25 • Note rec. (LDB) - $1.682 APO2 Declaration • Ca

y Partners LP APO1 Agreement • Cash - $25 • Note rec. (LDB) - $1.682 APO2 Declaration • Cash $7 • Marketed(' Sec - SI • Buckingham RAF - $12 Black Family 1997 GST Exempt Trust • PLB LLC - $3 1999 Ins. Trust 92 • $100 insurance on 1B/D8 Black Family Partners LP Cash- $12 Notes rec-net (LOB) - $32 •

24,216.800 24.218.800 Page 3 of 13 EFTA00299516 Leon D. and Debra R. Black Overview of Estate Plan as of June 30, 2016 Estate Flow Chart Upon Debra's later Death - LDB predeceased Trustees 04 Mantel Trusts upon Debra's death Barry Cohen and Richard RS90(0 Debra Black Marital Trusts (Under L.

e Trust #2 (second-to-die death benefit) 117,651,595 1992 Life Insurance Trust (second-to-die death benefit) 23,521,000 Mallory Trust 4,129,351 Black Family 1997 GST Exempt Trust 155.087 Total Trust Assets $ 3,112,223,988 • Includes Black Family Partners based upon AGM at $15.15/share and a 13.05% discount