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ial Inventory As of April 16, 2014 Assets Cash and Marketable Securities 12,298,000 Apollo Credit Opportunities 40,838,000 Note Receivable From Leon D. Black 1,694,738,000 Note Receivable From APO2 Declaration 86,436,000 Art 142,231,000 Total Assets $ 1,976,541,000 Includes assets held through LBF
ing Overview Presented to: Leon D. and Debra R. Black Overview of Estate Plan as of April 16, 2014 Ma
he distribution guidelines outlined lithe Trust Agreement. Instead of maki-ig distributions to a descendant. the Trustees may distribute to hisiher Separate Trust. Discretionary Trust termilates 21 years after the death of the survivor of Leon's children and Debra. The remairiv trust property will be distribu
under the Declaration will be distributed to the Leon Black Family Foundation, Inc. (the "Foundation"), or i
r the Declaration will be distributed to the Leon Black Family Foundation, Inc. (the "Foundation"), or i
's descendants (but not to his/her estate or creditors). Any property not appointed will be divided for the Beneficiary's descendants and held in a Separate Trust for each of them. If the Beneficiary has no descendants, the trust property will be divided for the descendants of the Beneficiary's nearest ancest
DOCUMENT SUMMARY To: Leon D. Black From: Ada Clapp Date: October 23, 2013 Re: Summary of the APOI Agreement Following is a summary of the APOI Agreement (the "Agreement") that w
DOCUMENT SUMMARY To: Leon D. Black From: Ada Clapp Date: October 23, 2013 Re:
e Beneficiary appoints by EFTA00585931 Page I 2 Will. Any property not appointed will be divided for the Beneficiary's descendants and held in a Separate Trust for each descendant. If the Beneficiary has no living descendants, the trust property will be divided for the descendants of the Beneficiary's near
Black Family Partners Apollo Management 9 West 57th Street New York, New York 10019 Ada Cla Phone: Email: To: Leon D. Black From: Ada Clapp Date: October 23, 2013 Re: Summary of the APO2 Agreement Following is a summary of the APO2 Agreement (the "Agreement") that w
Black Family Partners Apollo Management 9 West 57th S
state or creditors) as the Beneficiary appoints by Will. Any property not appointed will be divided for the Beneficiary's descendants and held in a Separate Trust for each descendant. If the Beneficiary has no living descendants, the trust property will be divided for the descendants of the Beneficiary's near
Entities connected to both Leon Black and Separate Trust

Alan Dershowitz
PERSON
Barry Diller
PERSON
Michael Cohen
PERSONAda Clapp
PERSONAlan S. Halperin
PERSONDebra
PERSONWeiss
PERSONBarry Cohen
PERSONRichard Ressler
PERSONJohn Hannan
PERSONthe Heritage Trust
ORGANIZATIONAntony Ressler
PERSONGrantor Trust
ORGANIZATIONThe Marital Trust
ORGANIZATIONSeparate Trust For Descendants
ORGANIZATION