EFTA02707649.pdf

Overview of Proposed Will and Revocable Trust Presented to Leon D. Black July 8, 2013 EFTA_R1_02106363 EFTA02707649 Leon D. Black Overview of Proposed Will/Revocable Trust—Upon Leon's Death (Debra survives) Last Will and Testament ' Personal Property (not Art Proposed 2013 Entities 8 Collectibles) , to Debra Outright. Residences to Debra outright. Revocable Trust Proposed 2013 Charitable Pledges Paid. --Art Entities -Collectibles. Cash Legacies -Balance of Gross Estate. -43 MM to Melanie Spinets. --Unused Estate Tax Exemption to 1997 Trust. Marital Trust for Debra -Air Entities. --Balance of Revocable Trust (less debts, expenses and taxes). Upon Debra's death Cash Legacies Legacy Trusts Heritage Trust - 510 MM to John Ressler. Art and Collectibles selected by --Sale proceeds for art & Collectibles - 525 MM to Judy Black Trust. children. not selected. - Debra's unused GST Exemption to —Art Entities. 1997 Trust. —Balance of Marital Trust (less taxes -GST exempt property to 1997 Trust. owing to Debra's estate). 910 MM at 30 350 MM at 35 Balance of Judy's 9100 MM at 40 Trust upon her Death (less 51 MM to her husband). 2 EFTA_R1_02106364 EFTA02707650 Leon D. Black Overview of Proposed Will/Revocable Trust-- Upon Leon's Death (Debra predeceases) Personal Property (not Art • Entities & Collectibles) to Children Last Will and Testament equally proposed 2013 Charitable Pledges Paid Cash Legacies Revocable Trust Proposcc 2013 —53 MM to Melanie —.510 MM to John Ressler. —Sale proceeds from Residences. -425 MM to Judy Black Trust. —Art Entities. —Unused GST exemption to 1997 —Collectibles Trust. —Balance of Gross Estate. Balance of Judy's Trust Upon her death Legacy Trusts (less 51 million to her husband). Art and Collectibles selected by Heritage Trust children. 510 MM at 30 $50 MM at 35 —Sale proceeds for art & Collectibles not $100 MM at 40 selected by children. —Art Entities. —Balance of Revocable Trust (less debts, expenses and taxes). 3 EFTA_R1_02106365 EFTA02707651 Leon D. Black Overview of Proposed Will/Revocable Trust--Upon Leon's Death Executors: Debra Black. Barry Cohen and John Ressler. • Successors: John Hannan is successor to Barry; Allison Ressler is successor to Richard. Revocable Trust Trustees: • Marital Trust: Debra Black. Barry Cohen and Richard Ressler. • Judy's Trust: Barry Cohen and Richard Ressler. • Heritage Trust: Barry Cohen and Richard Ressler. • Legacy Trusts: Barry Cohen and Richard Ressler. Descendant becomes co-Trustee upon attaining a stated age. • Successors: John Hannan is successor to Barry. For Alex's Legacy Trust, Anthony Ressler is successor to Richard. For all other trusts. Allison Ressler is successor to Richard. 4 EFTA_R1_02106366 EFTA02707652