EFTA00589321.txt

"LEON BLACK, Grantor... executed this Trust Agreement on the day and year first above written."

"LEON BLACK, Trustee"

"MELANIE SPINELLA, Trustee"

"TRUST AGREEMENT dated January , 2014 by and among LEON BLACK, as Grantor"

"LEON BLACK AND MELANIE SPINELLA AS TRUSTEES OF THE J. BLACK TRUST"

"LEON BLACK AND MELANIE SPINELLA AS TRUSTEES OF THE J. BLACK TRUST"

"The Grantor hereby transfers to the Trustees, IN TRUST, and the Trustees hereby acknowledge receipt of, the assets and property listed in Schedule A h"

"the Trustees may at any time and from time to time render an account of their transactions with respect to the Trust"

"the then adult beneficiary of the income and the beneficiary or beneficiaries who would be entitled to the principal"

"The Grantor shall have full power to settle finally any such account or to waive the same, and on the basis of such account or waiver, to release the "