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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
propriate advisor, (ii) establishing the scope and terms of the delegation and (iii) controlling the overall cost by reason of the delegation. (K) Residential Property and Tangible Personal Property. (I) The powers conferred by this section are in addition to, and not in limitation of, the powers set forth in the
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
g exchange specialist) affiliated with such Trustee, its parent or any affiliate thereof, for providing any of the services authorized herein. (K) Residential Property and Tangible Personal Property. (I) The powers conferred by this section are in addition to, and not in limitation of, the powers set forth in the
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
g exchange specialist) affiliated with such Trustee, its parent or any affiliate thereof, for providing any of the services authorized herein. (K) Residential Property and Tangible Personal Property. (I) The powers conferred by this section are in addition to, and not in limitation of, the powers set forth in the
Entities connected to both Settlor and Residential Property

Samantha Power
PERSONLeon Black
PERSONALEXANDER SAMUEL BLACK
PERSONBENJAMIN ELI BLACK
PERSONRemainder Interests
ORGANIZATIONthe Benefit of Trustees
ORGANIZATIONJudicial Settlement of Accounts
ORGANIZATION
Michael Cohen
PERSONTrust Fund
ORGANIZATION
Barry Diller
PERSONReliance
ORGANIZATIONTrusts
ORGANIZATIONRelease or Suspension of Powers
ORGANIZATIONthe Settlor's Children
ORGANIZATIONEntity A
ORGANIZATIONan Interested Party
ORGANIZATIONBeneficial Interest Prohibited
ORGANIZATIONthe Primary Beneficiary of a Trust
ORGANIZATIONthe Primary Beneficiary of a Trust under Article III
ORGANIZATIONJOSHUA MAX BLACK
PERSON