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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
ny Trust as fully as if they were the absolute owners of such property; (19) To mortgage or pledge any or all of the assets of any Trust (herein, the "Pledging Trust") as security for any loan to, or otherwise in connection with 17 DM US 39479962-2.088835.0011 EFTA00607910 any transaction involving, (i) the P
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
ners of such property; 25 DM US 35877963-5.088835.00 II EFTA00616803 (19) To mortgage or pledge any or all of the assets of any Trust (herein, the "Pledging Trust") as security for any loan to, or otherwise in connection with any transaction involving, (i) the Pledging Trust or any other trust the Beneficiari
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
ny Trust as fully as if they were the absolute owners of such property; (19) To mortgage or pledge any or all of the assets of any Trust (herein, the "Pledging Trust") as security for any loan to, or otherwise in connection with any transaction involving, (i) the Pledging Trust or any other trust the Beneficiari
Entities connected to both Settlor and the "Pledging Trust

Samantha Power
PERSONLeon Black
PERSONRemainder Interests
ORGANIZATION
Barry Diller
PERSONBENJAMIN ELI BLACK
PERSONReliance
ORGANIZATIONRelease or Suspension of Powers
ORGANIZATIONTrust Fund
ORGANIZATIONJudicial Settlement of Accounts
ORGANIZATIONTrusts
ORGANIZATION
Michael Cohen
PERSONthe Benefit of Trustees
ORGANIZATIONALEXANDER SAMUEL BLACK
PERSONthe Settlor's Children
ORGANIZATIONTangible Personal Property
ORGANIZATIONIRREVOCABILITY
ORGANIZATIONResidential Property
ORGANIZATIONthe Primary Beneficiary's
ORGANIZATIONthe Trust Fund of
ORGANIZATIONthe Uniform Transfers
ORGANIZATION