Epstein Secrets

Summary of Coverage Individual Life Insurance Coverage-on Leon Black- • Split-Dollar Entity: AIF IV Management, Inc. • Policy owner: Norman Brownstein, Trustee under the Leon D. Black Insurance Trust N1 dated Septemb

EFTA02707624 8.00% Gross Rate of Return Assuring 9.00'2 Hypothetical Gross Rate of Return & C.rintro Poky C:! INDIVIDUAL SPLIT-DOLLAR PLAN MR. LEON BLACK $50,000,000 COMBINED Individual Death Benefit Coverage - 3 VUL Policies Based Upon a $663,609 Normal Annual Premium Payment Year Age 1999 48 2000

erage Individual Life Insurance Coverage-on Leon Black- • Split-Dollar Entity: AIF IV Management, Inc.

olicy owner: Norman Brownstein, Trustee under the Leon D. Black Insurance Trust N1 dated September 13, 1999. •

illion. However, because of poor market performance, as of March 31, 2010, the cash surrender value of the policies together was about $15 million. DM US 30967272-1.088835.0011 2 EFTA_R1_02106313 EFTA02707631 Given the poor performance of the policies over the past decade and the fact that the $1

iously taken by the Manager in furtherance of the foregoing resolutions are hereby ratified and confirmed. Dated as of the 301h day of July, 2012. LEON D. BLACK 1. 1581311.1. EFTA00600703 EXHIBIT A CONTRIBUTION AGREEMENT 2. 1581311.1. EFTA00600704 CONTRIBUTION AGREEMENT THIS CONTRIBUTION AGREEMENT is

ITNESS WHEREOF, each of the parties has caused this Contribution Agreement to be executed on July 30, 2012. COMPANY: NARROWS HOLDINGS II LLC By: Leon b. Black, Manager/// CONTRIBUTOR: 1581311.1. LEON D. BLACK 2. EFTA00600706 SCHEDULE A THE ASSET Artist: Edvard Munch Title: The Scream Medium: P

e Member. The principal office for Narrows II is Black Family Partners, ■. c/o Apollo Management, 9 Wes

de of 1986, as amended, or corresponding provisions of future laws. "Company" means NARROW HOLDINGS II LLC, a Delaware limited liability company. DM US 37293334-1.088835.0011 EFTA00600709 "Disability" means as follows: an individual shall be deemed under a Disability or to have suffered a Disabil

iously taken by the Manager in furtherance of the foregoing resolutions are hereby ratified and confirmed. Dated as of the 301h day of July, 2012. LEON D. BLACK 1. 1581311.1. EFTA00600681 EXHIBIT A CONTRIBUTION AGREEMENT 2. 1581311.1. EFTA00600682 CONTRIBUTION AGREEMENT THIS CONTRIBUTION AGREEMENT is

ITNESS WHEREOF, each of the parties has caused this Contribution Agreement to be executed on July 30, 2012. COMPANY: NARROWS HOLDINGS II LLC By: Leon b. Black, Manager/// CONTRIBUTOR: 1581311.1. LEON D. BLACK 2. EFTA00600684 SCHEDULE A THE ASSET Artist: Edvard Munch Title: The Scream Medium: P

e Member. The principal office for Narrows II is Black Family Partners, ■. c/o Apollo Management, 9 Wes

de of 1986, as amended, or corresponding provisions of future laws. "Company" means NARROW HOLDINGS II LLC, a Delaware limited liability company. DM US 37293334-1.088835.0011 EFTA00600687 "Disability" means as follows: an individual shall be deemed under a Disability or to have suffered a Disabil

McDermott Will&Emery MEMORANDUM Date: December 19, 2012 To: Leon Black From: Elyse G. Kirschner Re: 2012 Trusts for Your Children This memorandum explains the principal provisions of the four (4) trust agreements w

MEMORANDUM Date: December 19, 2012 To: Leon Black From: Elyse G. Kirschner Re: 2012 Trusts for

es determine for any reason. I For all purposes of the trust agreement, the settlor's issue includes the settlor's children and their descendants. DM US 40356043-1.088835.001I EFTA00589672 2. After Death of the Senior The primary trust will end upon the death of the senior. When the trust termi

ller, or a financial lessor to Seller. This Agre be assigned by Buyer in whole or part without the express written consent of Sell eon D. Black ("Black") (ii) Buyer's parent, a wholly-owned subsidiary of Buyer, an a lied by Black or Buyer or under common control with Buyer, (iii) a successor in Sr

interest to Seller, or a financial lessor to Seller. This Agre be assigned by Buyer in whole or part without the express written consent of Sell eon D. Black ("Black") (ii) Buyer's parent, a wholly-owned subsidiary of Buyer, an a lied by Black or Buyer or under common control with Buyer, (iii) a successo

ce'). Prior to Closing (as defined below), Buyer shall deposit the Purchase Price into escrow with the Escrow Agent (as defined below), as follows: DM US 83562471-1.088835. 0011 EFTA00787990 (a) Buyer has deposited the amount of One Million U.S. Dollars (USD$1,000,000.00) (the "Deposit") in escrow

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

THE DRB 2012 FAMILY TRUST AGREEMENT Dated: Prepared by McDermott Will & Emery LLP New York, New York DM US 39479962-2.088835.0011 EFTA00607892 TABLE OF CONTENTS ARTICLE PAGE I : TRUST FUND 1 H : THE DRB 2012 FAMILY TRUST 1 III : SEPARATE TRUST

ller, or a financial lessor to Seller. This Agre be assigned by Buyer in whole or part without the express written consent of Sell eon D. Black ("Black") (ii) Buyer's parent, a wholly-owned subsidiary of Buyer, an a oiled by Black or Buyer or under common control with Buyer, (iii) a successor in Sc

interest to Seller, or a financial lessor to Seller. This Agre be assigned by Buyer in whole or part without the express written consent of Sell eon D. Black ("Black") (ii) Buyer's parent, a wholly-owned subsidiary of Buyer, an a oiled by Black or Buyer or under common control with Buyer, (iii) a success

ase Price'). Prior to Closing (as e ne e ow , uyer shall deposit e urc ase rice into escrow with the Escrow Agent (as defined below), as follows: DM US 83562471-1.088835. 0011 EFTA00610146 The Deposit shall be held by the Escrow Agent pursuant to the terms of the escrow agreement attached hereto

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

arties hereto have caused this Assignment to be executed as of the date first above written. ASSIGNEE: YGGDRASIL TRUST ) LEON D. BLACK, Trustee DM US 40347457-1.088815.0011 EFTA00598599 EXHIBIT A $5,120,000 NEW YORK, NEW YORK FOR VALUE RECEIVED, BARRY J. COHEN, JOHN J. HANNAN and DEBRA R. BL

McDermott Will&Emery New Yolk Date: December 5, 2011 MEMORANDUM cc: Eileen Alexanderson Ada Clapp Tom Turrin To: Leon Black From: Carlyn McCaffrey Elyse G. Kirschner Re: Split Dollar Insurance Proposal This memorandum explains a proposal regarding the split-dollar in

en Alexanderson Ada Clapp Tom Turrin To: Leon Black From: Carlyn McCaffrey Elyse G. Kirschner Re:

Trustee has the right to terminate each split-dollar agreement at any time. AIF does not have any right to terminate either split-dollar agreement. DM US 30967272-1.088835.00H EFTA00585076 In exchange for AIF's agreement to pay the Planned Periodic Premiums, the Trustee agreed that when a policy ma

lk Date: November 29, 2012 To: Leon and Debra Black From: Elyse G. Kirschner Re: The DRB 2012 Fam

's share of the assets will be paid in equal shams to his or her children then living. U.S. practice conducted through McDermott Will & Emery LLP. DM US 39870777-2.088835.0011 EFTA00586970 3. Remote Takers In the event the survivor of you is not survived by any of Debra's issue, any undisposed o