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uaranty Between BANK: and GUARANTOR: Bank of America, N.A. Banking Center: 101 South Tryon Street, 6th Floor Charlotte, North Carolina 28255 Narrows Holdings LLC do Rubin, Baum, Levin, Constant & Friedman 30 Rockefeller Plaza New York, New York 10112 Attention: David A. Mandel, Esq. "BOFtROWER": Leon D.
of the State of New York and applicable United States federal law. Guarantor further agrees that this Guaranty shall be deemed to have been made in the State of New York, may be enforced in the courts of the State of New York or the United States courts located within the State of New York, and is performable in the
ed under the APO-B Trust dated May 20, 2015 (the "APO-B Trust") (the APO-B Trustee together with the APO-01 Trustees, collectively the "Trustees"); Narrows Holdings LLC ("Holdings"), a New York limited liability company; Leon D. Black ("LDB" and together with the Trustees and Holdings, the "Partners"). and Debra R.
to the Art and may only be modified by a written document signed by all Parties. This Agreement shall be interpreted in accordance with the laws of the State of New York. 10. EFFECTIVE DATE. This Agreement shall be effective as of 2016 (the "Effective Date"). 11. COUNTERPARTS. This Agreement may be executed in coun
f the date first above written. SELLER: PURCHASER: APO-B TRUST Leon D. Black By: Bradley J. Wechsler, Trustee PARTNERSHIP: AP NARROWS LP By: Narrows Holdings LLC, its Class A General Partner By: Leon D. Black, Sole Member and Authorized Person 5 Purchase and Sale Agroarteni—Class B GP Interco in AP Narro
arranties to the Seller and to the Partnership: 2 EFTA00585463 a. The Purchaser is a duly created and validly existing trust under the laws of the State of New York and the Trustee has all requisite power, authority and legal right to execute, deliver, enter into, consummate and perform this Agreement on behalf
ed under the APO-B Trust dated May 20, 2015 (the "APO-B Trust") (the APO-B Trustee together with the APO-01 Trustees, collectively the "Trustees"); Narrows Holdings LLC ("Holdings"), a New York limited liability company; Leon D. Black ("LDB" and together with the Trustees and Holdings, the "Partners"). and Debra R.
to the Art and may only be modified by a written document signed by all Parties. This Agreement shall be interpreted in accordance with the laws of the State of New York. 10. EFFECTIVE DATE. This Agreement shall be effective as of 2016 (the "Effective Date"). 11. COUNTERPARTS. This Agreement may be executed in coun
nds as of the day and year first written above. APO-01 DECLARATION By: Barry J. Cohen, Trustee By: John J. Hannan, Trustee AP NARROWS LP: By: Narrows Holdings LLC, its Class A General Partner By: Leon D. Black, Sole Member and Authorized Person 4 Contribution and Subscription Agee:nein by and between APO.0
er originally was a Limited Partner thereof. 4. Representations and Warranties. (a) The Subscriber is a validly existing trust under the laws of the State of New York and the APO-01 Trustees have the legal authority to act on behalf of the Subscriber in connection with this Agreement and an investment in the Partn
Entities connected to both Narrows Holdings LLC and the State of New York

Jeffrey Epstein
PERSONLeon Black
PERSON
Alan Dershowitz
PERSONElysium Management LLC
ORGANIZATION
Barry Diller
PERSONAP Narrows LP
ORGANIZATION
Michael Cohen
PERSON
Richard Kahn
PERSON
Marc Rich
PERSON
Bank of America
ORGANIZATION
Pablo Picasso
PERSON
Brad Wechsler
PERSON
Joe Biden
PERSON
Donald Trump
PERSON
Barry J. Cohen
PERSON
Princess Diana
PERSONBlack Family Partners
ORGANIZATIONWeiss
PERSONBradley J. Wechsler
PERSONAda Clapp
PERSON