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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
479962-2.088835.0011 EFTA00607910 any transaction involving, (i) the Pledging Trust or any other trust the Beneficiaries of which are the same as the Beneficiaries of the Pledging Trust, (ii) a Beneficiary, or (iii) any Entity in which the Pledging Trust, any trust described in clause (i), above, or a Beneficiary has an interest; t
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
to, or otherwise in connection with any transaction involving, (i) the Pledging Trust or any other trust the Beneficiaries of which are the same as the Beneficiaries of the Pledging Trust, (ii) a Beneficiary, or (iii) any Entity in which the Pledging Trust, any trust described in clause (i), above, or a Beneficiary has an interest; t
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
to, or otherwise in connection with any transaction involving, (i) the Pledging Trust or any other trust the Beneficiaries of which are the same as the Beneficiaries of the Pledging Trust, (ii) a Beneficiary, or (iii) any Entity in which the Pledging Trust, any trust described in clause (i), above, or a Beneficiary has an interest; t
Entities connected to both Settlor and the Beneficiaries of 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