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t, and agrees to manage and dispose of the same in accordance with the provisions of this Declaration of Trust. This property shall be the original Trust Fund of a Trust, the dispositive provisions of which are set forth in Article IV. This Trust may be identified as the "LEON D. BLACK 1997 REVOCABLE TRUS
it under this Declaration of Trust. (13) "Senior's spouse": at any particular time. the individual to whom the Senior is married and with whom the Settlor is living, or. if the Settlor is not living, the individual to whom the Senior was married and with whom the Senior was living at the time of the S
e Trustees the property listed on Schedule A annexed hereto. The Trustees acknowledge receipt of such property. This property shall be the original Trust Fund of a Trust for the benefit of the Beneficiaries, the dispositive terms of which are set forth in Article II. The Trustees agree to hold such propert
D RULES OF CONSTRUCTION 44 DM US 39479962-2.08883SM' I EFTA00607893 TRUST AGREEMENT made the day of December, 2012, between DEBRA R. BLACK, as Settlor, and DEBRA R. BLACK, LEON D. BLACK and RICHARD RESSLER, as Trustees. I: TRUST FUND The Settlor hereby assigns, transfers and delivers to the Trust
shall add to principal any net income not paid or applied pursuant to the previous provisions of this section. The Settlor confirms that the entire Trust Fund may be distributed at any time to or for the benefit of any one or more of 4 DM US 35877963-5.088835.001I EFTA00616782 the Beneficiaries pursuan
5.081183S.00 I I EFTA00616778 WHEREAS, by trust agreement dated December 21, 2006 by and among LEON D. BLACK, as settlor (the "Settlor"), and the Settlor and JOHN J. HANNAN ("JOHN"), as trustees (the "Original Trust Agreement"), as amended on , 2012, the BLACK 2006 FAMILY TRUST (the "Trust") was cre
shall add to principal any net income not paid or applied pursuant to the previous provisions of this section. The Settlor confirms that the entire Trust Fund may be distributed at any time to or for the benefit of any one or more of 4 DM US 37283516.2.088835.0011 EFTA00616856 the Beneficiaries pursuan
greement, the Independent Trustees (as defined in the Original Trust Agreement) may amend the Original Trust Agreement at any time while either the Settlor or DEBRA is alive and not under a disability, subject to certain prohibitions set forth in section (B) of article III of the Original Trust Agreeme
Entities connected to both Trust Fund and Settlor

Samantha Power
PERSONLeon Black
PERSON
Jeffrey Epstein
PERSON
George W. Bush
PERSONALEXANDER SAMUEL BLACK
PERSON
Barry Diller
PERSONthe Settlor's Children
ORGANIZATIONBENJAMIN ELI BLACK
PERSONReliance
ORGANIZATIONRelease or Suspension of Powers
ORGANIZATIONJudicial Settlement of Accounts
ORGANIZATIONTrusts
ORGANIZATIONthe Benefit of Trustees
ORGANIZATION
Michael Cohen
PERSONRemainder Interests
ORGANIZATIONResidential Property
ORGANIZATIONIRREVOCABILITY
ORGANIZATIONTangible Personal Property
ORGANIZATIONConsolidation of Trust Property
ORGANIZATIONCombination and Division of Trusts
ORGANIZATION