Leon D. Black 760 Park Avenue New York NY 10021 December 19, 2014 Terje Rod-Larsen, President International Peace Institute, Inc. 777 United Nations Plaza 4th Floor New York, NY 10017-3521 Dear Mr. Larsen: In appreciation of the excellent work being done at International Peace Institute Inc. ("IPI"), I have wire transferred a charitable gift in the amount $200,000 to be applied to "International Peace Institute Inc." representing an unrestricted gift for the use and benefit of IPI to support IPI's ongoing initiatives. With best wishes for the future, Leon D. Black EFTA_R 1_02094837 EFTA02705181