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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
e interests in such limited liability company, partnership, corporation or other business arrangement held by the trust. 19 EFTA00602215 FIFTH: IRREVOCABILITY The Grantor declares that this Trust Agreement is irrevocable and neither this Trust Agreement nor the trust hereby created may be amended, except
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 Trustees the property listed on Schedul
ade the day of December, 2012, between DEBRA R. BLACK, as Settlor, and DEBRA R. BLACK, LEON D. BLACK an
ECIAL DISTRIBUTION RULES 5 V : ADDITIONS 13 VI : TRUSTEES' INVESTMENT AND ADMINISTRATIVE POWERS 15 VII : RESTRICTIONS ON POWERS 27 VIII : IRREVOCABILITY; MODIFICATION 30 IX : ACCOUNTING BY TRUSTEES 34 X : TRUSTEE DESIGNATIONS, RESIGNATIONS, AND REMOVALS 36 XI : ACTION BY TRUSTEES 41 XII :
ing of § 672(c) of the Code (determined as though such individual were the grantor, as that term is used in § 672(c) of the Code). (25) "Settlor": LEON D. BLACK. (26) "Settlor's Children": the Settlor's children, BENJAMIN ELI BLACK, JOSHUA MAX BLACK, ALEXANDER SAMUEL BLACK and VICTORIA RACHEL BLACK, all c
AMENDMENT AND RESTATEMENT OF THE BLACK 2006 FAMILY TRUST AGREEMENT Dated: DM US 358779
IAL DISTRIBUTION RULES 15 VI : ADDITIONS 21 VII : TRUSTEES' INVESTMENT AND ADMINISTRATIVE POWERS 23 VIII : RESTRICTIONS ON POWERS 41 IX : IRREVOCABILITY; MODIFICATION 45 X : ACCOUNTING BY TRUSTEES 49 XI : TRUSTEE DESIGNATIONS, RESIGNATIONS, AND REMOVALS 50 XII : ACTION BY TRUSTEES 59 XIII
DEFINITIONS AND RULES OF CONSTRUCTION 62 DM US 37283516-2.088835.0011 EFTA00616852 WHEREAS, by trust agreement dated July 30, 1997 by and among LEON D. BLACK, as settlor (the "Settlor"), and DEBRA R. BLACK ("DEBRA"), BARRY J. COHEN ("BARRY"), JOHN J. HANNAN ("JOHN") and RICHARD RESSLER ("RICHARD"), as tr
AMENDMENT AND RESTATEMENT OF THE BLACK FAMILY 1997 TRUST AGREEMENT Dated: DM US 372835
IAL DISTRIBUTION RULES 15 VI : ADDITIONS 19 VII : TRUSTEES' INVESTMENT AND ADMINISTRATIVE POWERS 20 VIII : RESTRICTIONS ON POWERS 39 IX : IRREVOCABILITY; MODIFICATION 42 X : ACCOUNTING BY TRUSTEES 46 XI : TRUSTEE DESIGNATIONS, RESIGNATIONS, AND REMOVALS 48 XII : ACTION BY TRUSTEES 56 XIII
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
h limited liability company, partnership, corporation or other business arrangement held by the trust. 19 EFTA_R1_02136578 EFTA02713803 FIFTH: IRREVOCABILITY The Grantor declares that this Trust Agreement is irrevocable and neither this Trust Agreement nor the trust hereby created may be amended, except
LEON BLACK AS GRANTOR TO LEON BLACK AND MELANIE SPINELLA AS TRUSTEES OF THE J. BLACK TRUST DATED APRIL 29, 2014 EFTA00292681 TRUST AGREEMENT dated
LEON BLACK AS GRANTOR TO LEON BLACK AND MELANIE SPINEL
nor shall any assignment, conveyance, charge, encumbrance or order, either of principal or income, given by any such beneficiary be valid. EIGHTH IRREVOCABILITY, SEVERABILTY, COUNTERPARTS A. This Trust Agreement and the Trust created hereunder are irrevocable. Neither the Grantor nor any other person shall
LEON BLACK AS GRANTOR TO LEON BLACK AND MELANIE SPINELLA AS TRUSTEES OF THE J. BLACK TRUST DATED APRIL 29, 2014 EFTA00292702 TRUST AGREEMENT dated
LEON BLACK AS GRANTOR TO LEON BLACK AND MELANIE SPINEL
nor shall any assignment, conveyance, charge, encumbrance or order, either of principal or income, given by any such beneficiary be valid. EIGHTH IRREVOCABILITY, SEVERABILTY, COUNTERPARTS A. This Trust Agreement and the Trust created hereunder are irrevocable. Neither the Grantor nor any other person shall
ate of the Grantor. FIFTH Trustees A. In the event the Trustee resigns, is removed, becomes incapacitated or is unwilling or is unable to serve, LEON D. BLACK is hereby appointed as the successor Trustee, to serve as such upon the occurrence of such event and upon his qualification. B. Any Trustee may r
ing of: 3 EFTA00586066 1. Any or all of ALEX BLACK, JOSH BLACK, BEN BLACK and VICTORIA BLACK; and
nment, conveyance, charge, encumbrance or order, either of principal or income, given by any such beneficiary be valid. 17 EFTA00586080 EIGHTH IRREVOCABILITY, SEVERABILTY, COUNTERPARTS A. This Trust Agreement and the Trust created hereunder are irrevocable. Neither the Grantor nor any other person shall
LEON BLACK AS GRANTOR TO LEON BLACK AND MELANIE SPINELLA AS TRUSTEES OF THE J. BLACK TRUST DATED FEBRUARY 21, 2014 EFTA00587101 TRUST AGREEMENT da
LEON BLACK AS GRANTOR TO LEON BLACK AND MELANIE SPINEL
nor shall any assignment, conveyance, charge, encumbrance or order, either of principal or income, given by any such beneficiary be valid. EIGHTH IRREVOCABILITY, SEVERABILTY, COUNTERPARTS A. This Trust Agreement and the Trust created hereunder are irrevocable. Neither the Grantor nor any other person shall
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
POWER TO ACQUIRE 18 EIGHTH: TRUSTEE PROVISIONS 19 NINTH: TRUSTEE POWERS 26 TENTH: ACCOUNTING 35 ELEVENTH: TRUST ADDITIONS 36 TWELFTH: IRREVOCABILITY 36 THIRTEENTH: DEFINITIONS 37 FOURTEENTH: SITUS/GOVERNING LAW 39 FIFTEENTH: PROVISIONS FOR MINORS 40 SIXTEENTH: TRUSTEE EXCULPATION AND EXO
Entities connected to both Leon Black and IRREVOCABILITY

Barry Diller
PERSON
Michael Cohen
PERSON
Samantha Power
PERSONBlack Family Partners
ORGANIZATION
New York City
LOCATION
JPMorgan Chase
ORGANIZATIONthe State of New York
LOCATIONSouthern Trust Company
ORGANIZATIONStandard & Poor's
ORGANIZATIONTrusts
ORGANIZATIONReliance
ORGANIZATIONthe United States Treasury
LOCATIONBENJAMIN ELI BLACK
PERSONFederal, State
ORGANIZATION
Moody
PERSONALEXANDER SAMUEL BLACK
PERSONClause
ORGANIZATIONTrust Fund
ORGANIZATIONthe Independent Trustees
ORGANIZATIONSettlor
ORGANIZATION