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OMPENSATION 34 EFTA00609832 ARTICLE XX: ACTION BY TRUSTEES 39 EFTA00609833 DECLARATION OF TRUST made the 30thday of September. 1997, by LEON D. BLACK. as Senior and as Trustee. ARTICLE I: DEFLNITIONS AND RULES OF CONSTRUCTION (A) Senior's Family. The Senior is married to DEBRA R. BLACK ("DEBRA
u....stv-I • 01761 THE LEON 13. BLACK 1997 REVOCABLE DECLARATION OF TRUST EFTA0060983
enior's remaining tangible personal property. together with all insurance policies thereon, if any. If DEBRA does not survive the Settior, those of the Settlor's Children who survive the Senior shall divide such remaining tangible personal property among themselves as they agree. If and to the extent they cannot agr
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
Settlor and LEON is either deceased or under a disability or has temporarily or permanently relinquished the power to designate trustees, those of the Settlor's Children who are competent and at least thirty-five (35) years of age may designate additional and/or successor trustees of any Trust held under Article II.
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
stee by signing the written instrument required by section (I) within a reasonable period following the date such vacancy arose, any one or more of the Settlor's Children may designate himself or herself as a trustee of such Trust. (6) If at any time the Trust held under Article II has no Independent Trustee then se
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
stee by signing the written instrument required by section (I) within a reasonable period following the date such vacancy arose, any one or more of the Settlor's Children may designate himself or herself as a trustee of such Trust. (6) If at any time the Trust held under Article II has no Independent Trustee then se
Entities connected to both Leon Black and the Settlor's Children

Barry Diller
PERSON
Michael Cohen
PERSON
Samantha Power
PERSON
JPMorgan Chase
ORGANIZATIONSouthern Trust Company
ORGANIZATIONStandard & Poor's
ORGANIZATIONTrusts
ORGANIZATIONReliance
ORGANIZATIONIRREVOCABILITY
ORGANIZATIONBENJAMIN ELI BLACK
PERSONTrust Fund
ORGANIZATION
Moody
PERSONSettlor
ORGANIZATIONALEXANDER SAMUEL BLACK
PERSONthe Primary Beneficiary's
ORGANIZATIONthe Benefit of Trustees
ORGANIZATIONRemainder Interests
ORGANIZATIONJudicial Settlement of Accounts
ORGANIZATIONRelease or Suspension of Powers
ORGANIZATIONJOSHUA MAX BLACK
PERSON