📄 Extracted Text (334 words)
Black Family Partners, L.P.
ASSIGNMENT AND ASSUMPTION AGREEMENT
WHEREAS, the undersigned, Leon D. Black, owns a limited partnership
interest (the "Interest") in Black Family Partners, L.P. (the "Partnership");
WHEREAS, pursuant to Section 9.1 of the Partnership's Agreement of
Limited Partnership dated May 17, 2007, as amended (the "Partnership Agreement"), a
partner may assign, exchange, transfer or otherwise dispose of such partner's interest at
any time, with the prior written consent of the General Partner, provided however that the
transferee of such interest shall become a partner of the Partnership only with the prior
written consent of Black Family GP, LLC, the general partner (the "General Partner") of
the Partnership; and
WHEREAS, Leon D. Black wishes to assign the Interest to Leon D.
Black, as Trustee of the APO1 GRAT under Trust Agreement dated October , 2013,
between Leon D. Black, as Grantor and as Trustee (the "GRAT").
NOW THEREFORE, the parties agree as follows:
1. The Assignor hereby assigns the Interest to Leon D. Black, as Trustee of
the GRAT.
2. Leon D. Black, as Trustee of the GRAT, hereby accepts the Interest and
agrees to be bound by the Partnership Agreement, with the same force and effect as, and
as if, the GRAT was originally a partner thereof.
3. The General Partner hereby consents to the forgoing assignment and
assumption and consents to the admission of the GRAT as a partner of the Partnership
with respect to the Interest as of the date of this Assignment and Assumption Agreement.
4. This Agreement shall be governed by the laws of the State of New York,
without giving effect to the choice of law provisions thereof, and shall be binding upon
the undersigned, their heirs, executors, administrators, successors and assigns.
Does: USI:8940479v1
EFTA01087559
IN WITNESS WHEREOF, the Trustees hereby execute this assignment,
effective as of the day of October, 2013.
Leon D. Black
APOI GRAT
By:
Leon D. Black, Trustee
CONSENT:
Black Family GP, LLC, General Partner
By:
Leon D. Black, Manager
Does: USI:8940479v1
EFTA01087560
ℹ️ Document Details
SHA-256
6d481623b7a707350d7359a5a257cf096918c478da02450f1bd4f96d240a42df
Bates Number
EFTA01087559
Dataset
DataSet-9
Document Type
document
Pages
2
Comments 0