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Trust lend the $1.5 million to Ben. This involves:</=> * Trustee Resolution by BEB 2011 Trust Non-Admini=trative Trustees (signed by Debra, John and Barry); * Promissory Note (signed by Ben); and<=u> * * Letter of Direction to US Trust as Administrati=e Trustee to enter the Promissory Note on the Tru
n in the amount of $1.5 million (I assume this will be a 9-year loan=at the AFR-1.85% for October 2014). We can approach it two ways:<=u> Option 1: The APO1 Trust makes the loan=to Ben and Ben pays the APO1 Trust annual interest. This involves: * * Trustee Resolution by APO1 Trustees (signed by =arry, John an
n of $12.2 million- 25% to each trust Trustees: Barry Cohen, John Hannan, Richard Ressler, and after
ermott Will & Emery LLP November 18, 2013 EFTA_R1_01945046 EFTA02672197 Step One: Distribution of BFP Interests (or a cash Loan) to 2011 Trusts The APO1 Trust distributes (decants) sufficient assets to each of the BEB 2011 Trust, the JMB 2011 Trust, the ASB 2011 Trust and the VRB 2011 Trust (the "2011 Trus
n of $12.2 million- 25% to each trust Trustees: Barry Cohen, John Hannan, Richard Ressler, and after
PROPOSAL of McDermott Will & Emery LLP November 18, 2013 EFTA00583244 Step One: Distribution of BFP Interests (or a cash Loan) to 2011 Trusts The APO1 Trust distributes (decants) sufficient assets to each of the BEB 2011 Trust, the JMB 2011 Trust, the ASB 2011 Trust and the VRB 2011 Trust (the "2011 Trus
Entities connected to both Barry Diller and The APO1 Trust

Michael Cohen
PERSONLeon Black
PERSONBarry Cohen
PERSONDebra
PERSONBlack Family Partners
ORGANIZATIONRichard Ressler
PERSONDebra Black
PERSONLeon D.
PERSONUS Trust Company
ORGANIZATIONMcDermott Will & Emery LLP
ORGANIZATIONNon-Administrative
ORGANIZATIONDebra Resigns
PERSONLeon Sells AIF IV Management Inc.
ORGANIZATIONAIF IV's
ORGANIZATIONSells S-Corp Sock
ORGANIZATIONBlack 1999 Life Insurance Trust #1
ORGANIZATIONTwo Life Policies
ORGANIZATIONNewco, LP
ORGANIZATIONNewco LLC
ORGANIZATIONAIF IV Management Inc.
ORGANIZATION