Epstein Secrets

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

stponed by the independent trustees for good cause, such as serious illness, creditor issues, a pending divorce or the like. Each trust will end on the Primary Beneficiary's death. Upon termination, any remaining assets will be paid to the Primary Beneficiary's issue then living, or if the Primary Beneficiary has no iss

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

Beneficiary, or apply for his or her benefit, as much of the Trust Fund as the Trustees, in their sole discretion, shall determine is necessary for the Primary Beneficiary's health, education, support and maintenance, taking into consideration the Primary Beneficiary's financial resources apart from the Trust. (2) The

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

Beneficiary, or apply for his or her benefit, as much of the Trust Fund as the Trustees, in their sole discretion, shall determine is necessary for the Primary Beneficiary's health, education, support and maintenance, taking into consideration the Primary Beneficiary's financial resources apart from the Trust. (2) The

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

Beneficiary, or apply for his or her benefit, as much of the Trust Fund as the Trustees, in their sole discretion, shall determine is necessary for the Primary Beneficiary's health, education, support and maintenance, taking into consideration the Primary Beneficiary's financial resources apart from the Trust. (2) The

McDermott Will&Emery Now Yolk MEMORANDUM Date: August 14, 2012 To: Leon D. Black From: Elyse G. Kirschner Re: The Amendment and Restatement of the Black Family 1997 Trust Agreement Following is an explanation of the principal

MEMORANDUM Date: August 14, 2012 To: Leon D. Black From: Elyse G. Kirschner Re: The Amendment an

rustees, in their sole discretion, determine. The trustees are directed to approve distributions from the trust, by way of example, to cover any of the Primary Beneficiary's medical expenditures, or to help the Primary Beneficiary purchase or finance a home, pay for a wedding or start a business, provided, however, that

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

tponed by the independent trustees for good cause, such as serious illness, creditor issues, a pending divorce or the like. Each trust will end on the Primary Beneficiary's death. Upon termination, any remaining assets will be paid to the Primary Beneficiary's issue then living, or if the Primary Beneficiary has no iss