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THIS AGREEMENT made as of the 4th day of March, 2015, between LEON D. BLACK of the State of New York (hereinafter called the "Grantor") and LEON D. BLACK (hereinafter, along with any other person hereinafter qualifying as an additional or successor trustee, called the "Trustees"). WITNESSETH: The Gr
s of the 4th day of March, 2015, between LEON D. BLACK of the State of New York (hereinafter called the
ons hereinafter set forth in this Agreement. This trust shall be known as the APO] GRAT No. 7. FIRST: ANNUITY TRUST The Property shall be held by the Trustees IN TRUST for the Trust Term (as defined in Clause SEVENTH). (A) In each year of the Trust Term, the Trustees shall pay to the Grantor, or the Grantor's es
Ous0/40 10 Sulk* County Cantreolo Hod In New York County Cornrnsmon ewer. June 4. 2014 EFTA00601882 SCHEDULE A $10.00 LEON D. BLACK, Grantor LEON D. D. BLACK, Trustee Dated: • ST2013 DxN USI 8469098v1601S84600003 EFTA00601883
NT made this IS day of , 2013, between LEON D. BLACK of the State of New York (hereinafter called the
aragraph (C) of this Clause SIXTH. (B) If DEBRA survives the Grantor, the amount set aside in paragraph (A) of this Clause SIXTH shall be held by the Trustees IN TRUST (the "GST Marital Trust"), as follows: 1I Dceil USI 8489098vI6 019246-00003 EFTA00601840 (1) During the life of DEBRA, the Trustees shall pay
THIS AGREEMENT made as of the 4th day of March, 2015, between LEON D. BLACK of the State of New York (hereinafter called the "Grantor') and LEON D. BLACK (hereinafter, along with any other person hereinafter qualifying as an additional or successor trustee, called the "Trustees"). WITNESSETH: The Gr
s of the 4th day of March, 2015, between LEON D. BLACK of the State of New York (hereinafter called the
ons hereinafter set forth in this Agreement. This trust shall be known as the APOI GRAT No. 7. FIRST: ANNUITY TRUST The Property shall be held by the Trustees IN TRUST for the Trust Term (as defined in Clause SEVENTH). (A) In each year of the Trust Tenn, the Trustees shall pay to the Grantor, or the Grantor's es
a present or future beneficial interest in income or principal of such trust. 37 EFTA00587218 Dorn: USI: I032SSII v3 The name "LEON" shall mean LEON D. BLACK. The words "Marital Discord" shall mean significant tension or strife between spouses in their marriage that, in the determination of the Trustees
eath of the last survivor of DEBRA, BENJAMIN ELI BLACK, JOSHUA MAX BLACK, ALEXANDER SAMUEL BLACK, and VI
FIRST. FIRST: DISCRETIONARY TRUST All trust property directed to be disposed of under, or in accordance with, this Clause FIRST shall be held by the Trustees IN TRUST (the "Discretionary Trust") in accordance with the following provisions: (A) The Trustees shall pay so much of the income of the Discretionary Tr
of the last survivor of LEON, DEBRA, BENJAMIN ELI BLACK, 13 EFTA00585036 USI:8136490104 JOSHUA MAX B
FIRST. FIRST: DISCRETIONARY TRUST All trust property directed to be disposed of under, or in accordance with, this Clause FIRST shall be held by the Trustees IN TRUST (the "Discretionary Trust") in accordance with the following provisions: (A) The Trustees shall pay so much of the income of the Discretionary Tr
Entities connected to both Leon Black and the Trustees IN TRUST

Barry Diller
PERSON
Michael Cohen
PERSON
Samantha Power
PERSONBlack Family Partners
ORGANIZATION
New York City
LOCATIONSouthern Trust Company
ORGANIZATIONthe State of New York
LOCATIONIRREVOCABILITY
ORGANIZATIONthe Bureau of Labor Statistics
ORGANIZATIONthe United States Treasury
LOCATIONFederal, State
ORGANIZATIONClause
ORGANIZATIONthe Independent Trustees
ORGANIZATIONthe Marital Trust
ORGANIZATIONSuch Individual
ORGANIZATION
the U.S. Treasury Department
ORGANIZATIONALEXANDER SAMUEL BLACK
PERSONJOSHUA MAX BLACK
PERSONthe Uniform Transfers to Minors Act
ORGANIZATIONELIZABETH IRENE
PERSON