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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
: DEFLNITIONS AND RULES OF CONSTRUCTION (A) Senior's Family. The Senior is married to DEBRA R. BLACK ("DEBRA"). The Senior has four (4) children, BENJAMIN ELI BLACK, JOSHUA MAX BLACK, ALEXANDER SAMUEL BLACK and VICTORIA RACHEL BLACK, who together with all children born to or adopted by the Senior after the date
ALLORY TRUST BLACK FAMILY 1997 GST EXEMPT TRUST LEON BLACK 1999 LIFE INSURANCE TRUST 2 DEBRA & LEON BLACK I
IDON LLC (PRE SALE) PLB LLC ARSP LLC PASI LLC BLACK FAMILY GP LLC BLACK FAMILY PARTNERS, LP ELYSIUM
IA BLACK UAD 11/30/92 TRUST FOR VICTORIA BLACK UAD 8/1/88 TRUST FOR JOSHUA MAX BLACK UAD 11/30/92 TRUST FOR JOSHUA MAX BLACK UAD 8/1/88 TRUST FOR BENJAMIN ELI BLACK UAD 11/30/92 TRUST FOR BENJAMIN ELI BLACK UAD 8/1/88 GADALF TRUST ROLLO TOMASI TRUST TRON TRUST YGGDRASIL TRUST GT NOTE 2 GT NOTE 2 GT NOT
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
. (20) "SCPA": the New York Surrogate's Court Procedure Act. (21) "Settlor": DEBRA R. BLACK. (22) "Settlor's Children": the Settlor's children, BENJAMIN ELI BLACK, JOSHUA MAX BLACK, ALEXANDER SAMUEL BLACK and VICTORIA RACHEL BLACK, all children born to the Settlor after the date of this Trust Agreement who ar
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
ere 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 children born to the Settlor after the date of this Trust Agreement who ar
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
ere the grantor, as that term is used in § 672(c) of the Code). (13) "Settlor": LEON D. BLACK. (14) "Settlor's Children": the Settlor's children, BENJAMIN ELI BLACK, JOSHUA MAX BLACK, ALEXANDER SAMUEL BLACK, VICTORIA RACHEL BLACK, and any children born to or adopted by the Settlor after the execution of the Ori
ASSIGNMENT OF PROMISSORY NOTE THIS ASSIGNMENT is made as of the 20th day of December, 2012 by BENJAMIN ELI BLACK, individually, to LEON D. BLACK, as trustee of the YGGDRASIL TRUST ("Assignee"). Assignor holds a promissory note payable to BENJAMIN ELI BLACK with a principal amount of FIVE MI
f the 20th day of December, 2012 by BENJAMIN ELI BLACK, individually, to LEON D. BLACK, as trustee of th
ASSIGNMENT OF PROMISSORY NOTE THIS ASSIGNMENT is made as of the 20th day of December, 2012 by BENJAMIN ELI BLACK, individually, to LEON D. BLACK, as trustee of the YGGDRASIL TRUST ("Assignee"). Assignor holds a promissory note payable to BENJAMIN ELI BLACK wi
CEIVED, the undersigned, JOHN J. HANNAN, DEBRA R. BLACK and BARRY J. COHEN, in their capacities as trust
EIVED, the undersigned, JOHN J. HANNAN, DEBRA R. BLACK and BARRY J. COHEN, in their capacities as trustees of the BEB 2011 Trust, promise to pay to BENJAMIN ELI BLACK, in his individual capacity, the principal sum of exactly FIVE MILLION ONE HUNDRED TWENTY THOUSAND and 00/100 ($5,120,000) DOLLARS ("Principal"). T
of the last survivor of LEON, DEBRA, BENJAMIN ELI BLACK, 13 EFTA00585036 USI:8136490104 JOSHUA MAX B
the disposition of such trust, it shall terminate upon the expiration of twenty-one (21) years after the death of the last survivor of LEON, DEBRA, BENJAMIN ELI BLACK, 13 EFTA00585036 USI:8136490104 JOSHUA MAX BLACK, ALEXANDER SAMUEL BLACK, and VICTORIA RACHEL BLACK. With respect to any trust created under Cl
Entities connected to both Leon Black and BENJAMIN ELI BLACK

Barry Diller
PERSON
Michael Cohen
PERSON
Samantha Power
PERSON
JPMorgan Chase
ORGANIZATIONSouthern Trust Company
ORGANIZATIONStandard & Poor's
ORGANIZATIONIRREVOCABILITY
ORGANIZATIONTrusts
ORGANIZATIONReliance
ORGANIZATIONTrust Fund
ORGANIZATIONDM US
ORGANIZATION
Moody
PERSONALEXANDER SAMUEL BLACK
PERSONSettlor
ORGANIZATIONthe Primary Beneficiary's
ORGANIZATIONJOSHUA MAX BLACK
PERSONRemainder Interests
ORGANIZATIONthe Settlor's Children
ORGANIZATIONthe Benefit of Trustees
ORGANIZATIONJudicial Settlement of Accounts
ORGANIZATION