EFTA00601828.txt

"the Grantor's wife DEBRA R. BLACK"

"the Grantor's sister JUDY ELLEN BLACK"

"the Grantor's mother SHIRLEY BLACK"

"between LEON D. BLACK... (hereinafter called the "Grantor"), and LEON D. BLACK... (hereinafter... referred to as the "Trustees")"

"LEON D. BLACK, Grantor... LB Revocable Trust dated L., l j, 2013"

"LEON D. BLACK, Trustee"

"During the life of DEBRA, the Trustees shall pay to her all of the net income of the GST Marital Trust"

"During the life of DEBRA, the Trustees shall pay to her all of the net income of the Marital Trust"

"Black Family 1997 Trust created under trust agreement dated July 30, 1997 between Leon D. Black, as senior, and Debra R. Black, Barry J. Cohen, John J"

"Black Family 1997 Trust created under trust agreement dated July 30, 1997 between Leon D. Black, as senior, and Debra R. Black, Barry J. Cohen, John J"

"Black Family 1997 Trust created under trust agreement dated July 30, 1997 between Leon D. Black, as senior, and Debra R. Black, Barry J. Cohen, John J"

"Black Family 1997 Trust created under trust agreement dated July 30, 1997 between Leon D. Black, as senior, and Debra R. Black, Barry J. Cohen, John J"

"The words 'Art Entities' shall mean the Grantor's interest in Narrows Holdings, LLC"

"The words 'Art Entities' shall mean the Grantor's interest in Narrows Holdings, LLC, Narrows Holdings II, LLC"

"The words 'Art Entities' shall mean the Grantor's interest in Narrows Holdings, LLC, Narrows Holdings II, LLC, Pent Holdings, Inc."

"The words 'Art Entities' shall mean the Grantor's interest in Narrows Holdings, LLC, Narrows Holdings II, LLC, Pent Holdings, Inc., Noel Calb LLC"

"trust agreement between Leon D. Black, as grantor, and Barry J. Cohen, John J. Hannan and Richard Ressler, as trustees, creating the Heritage Trust"

"trust agreement between Leon D. Black, as grantor, and Barry J. Cohen, John J. Hannan and Richard Ressler, as trustees, creating the Heritage Trust"

"trust agreement between Leon D. Black, as grantor, and Barry J. Cohen, John J. Hannan and Richard Ressler, as trustees, creating the Heritage Trust"

"gifts made by the Grantor (or by the Grantor's spouse) during the three-year period ending on the date of the Grantor's death"

"the Grantor's wish that the Trustees of the Marital Trust, in developing such mechanism"

"the Grantor's children and the Trustees of the Legacy Trusts"

"residue of the initial trust passing under Clause SEVENTH"

"the Marital Trust created under Clause EIGHTH... the Federal and state estate and gift tax consequences for DEBRA"

"in making discretionary principal payments to DEBRA, the Trustees take into account all potential transfer taxes"

"The Grantor confirms that this power of appropriation is intended to be... a power... to consume, invade or appropriate property"

"The Trustees are empowered to receive additional real or personal property which is transferred to the Trustees at any time"

"The Trustees shall purchase an annuity that shall pay to JON the fixed annual sum of Five Hundred Thousand Dollars ($500,000) for the balance of his l"

"the amount set aside in paragraph (A) of this Clause SIXTH shall be held by the Trustees IN TRUST (the "GST Marital Trust")"

"the Grantor directs the Trustees to distribute the Grantor's Collectibles to the LEON BLACK FAMILY FOUNDATION"

"All provisions in favor of DEBRA as a beneficiary shall be effective for so long as she is married to and living with the Grantor"

"the Grantor's cooperative apartments located at 760 Park Avenue"

"the Grantor's cooperative apartments... and the apartment known as Servant's Room #4"

"the Grantor grants to the Trustees full power to do everything in administering the trusts"

"the Grantor's wife DEBRA R. BLACK"

"BARRY J. COHEN, RICHARD RESSLER, and the Grantor's wife DEBRA R. BLACK shall serve as Trustees of the GST Marital Trust"

"BARRY J. COHEN, RICHARD RESSLER, and the Grantor's wife DEBRA R. BLACK shall serve as Trustees of the GST Marital Trust"

"BARRY J. COHEN, RICHARD RESSLER, and the Grantor's wife DEBRA R. BLACK shall serve as Trustees of the GST Marital Trust"

"BARRY J. COHEN, RICHARD RESSLER, and the Grantor's wife DEBRA R. BLACK shall serve as Trustees of the GST Marital Trust and the Marital Trust"

"BARRY J. COHEN, RICHARD RESSLER, and the Grantor's wife DEBRA R. BLACK shall serve as Trustees of the GST Marital Trust and the Marital Trust"

"BARRY J. COHEN, RICHARD RESSLER, and the Grantor's wife DEBRA R. BLACK shall serve as Trustees of the GST Marital Trust and the Marital Trust"

"The words 'Arizona Residence' shall mean all right, title and interest in and to the residence located at 5226 Desert Vista Road"

"The words 'Manhattan Apartments' shall mean all of the Grantor's right, title and interest in and to the Grantor's cooperative apartment"

"PAUL. WEISS. RIFKIND. WHARTON 8 GARRISON LLP Arromocys At LAW 1205 AVENUE OF ME AMERICAS. NEW YORK. NY 10019.6064"

"The balance of the Marital Trust property... shall be paid to the LEON BLACK FAMILY FOUNDATION"

"the provisions of this paragraph (L) are subject to DEBRA's right to require the Trustees to convert unproductive property in the Marital Trusts to pr"

"distribute the Grantor's Collectibles... to the LEON BLACK FAMILY FOUNDATION"

"the Grantor directs the Trustees to distribute the Grantor's Collectibles to the LEON BLACK FAMILY FOUNDATION"

"the Arizona Residence... which the Grantor may use habitually or from time to time as a residence"

"During the life of the Grantor, so long as the Grantor is serving as a Trustee"