AGENDA Date: May 23, 2013 Re: Meeting with Eileen, Jeffrey and Ada I. 2006 Trust Restructuring A. Tinting. Consider whether we hold off on signing until details are complete for the Phase II substitution of assets. 1. Avoid a lag period when LDB is not entitled to income—not record owner on dividend date because Substitution not complete. 2. Consider making post September 30th distributions of TAI from the Relevant Companies only and noting this on the R&I agreement. B. Structure of Phase II: Discuss structure of the asset substitution: 1. Is LDB swapping a promissory note into the 2006 Trust or cash borrowed from a bank (or a combination)? Explore financing opportunities with JPM, Deutsche bank and Morgan Stanley? 2. What are the interest rate to be charged and the repayment terms? 3. What collateral is to be used (if any) to secure the note? 4. Determine how LDB will service the debt obligation C. Review by Jib Black. Consider timing of getting him involved. D. Unwinding Phase II: Discuss plan to pay off note between LDB and a grantor trust during his lifetime. Downside of not doing so: 1. Possible capital gain to the 2006 Trust of either the full amount of the note or the outstanding balance on Leon's death. EFTA00587674