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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
enior's remaining tangible personal property. together with all insurance policies thereon, if any. If DEBRA does not survive the Settior, those of the Settlor's Children who survive the Senior shall divide such remaining tangible personal property among themselves as they agree. If and to the extent they cannot agr
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
Settlor and LEON is either deceased or under a disability or has temporarily or permanently relinquished the power to designate trustees, those of the Settlor's Children who are competent and at least thirty-five (35) years of age may designate additional and/or successor trustees of any Trust held under Article II.
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
stee by signing the written instrument required by section (I) within a reasonable period following the date such vacancy arose, any one or more of the Settlor's Children may designate himself or herself as a trustee of such Trust. (6) If at any time the Trust held under Article II has no Independent Trustee then se
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
stee by signing the written instrument required by section (I) within a reasonable period following the date such vacancy arose, any one or more of the Settlor's Children may designate himself or herself as a trustee of such Trust. (6) If at any time the Trust held under Article II has no Independent Trustee then se
Entities connected to both Trust Fund and the Settlor's Children
Leon Black
PERSON
Samantha Power
PERSONRemainder Interests
ORGANIZATIONBENJAMIN ELI BLACK
PERSONReliance
ORGANIZATIONRelease or Suspension of Powers
ORGANIZATIONSettlor
ORGANIZATIONJudicial Settlement of Accounts
ORGANIZATIONALEXANDER SAMUEL BLACK
PERSONTrusts
ORGANIZATIONthe Benefit of Trustees
ORGANIZATIONTangible Personal Property
ORGANIZATION
Michael Cohen
PERSON
Barry Diller
PERSONIRREVOCABILITY
ORGANIZATIONResidential Property
ORGANIZATIONConsolidation of Trust Property
ORGANIZATIONCombination and Division of Trusts
ORGANIZATIONTrustee of any Trust
ORGANIZATIONthe Primary Beneficiary's
ORGANIZATION