Dace US! 8937500v' I, LEON D. BLACK, of New York, New York, declare this to be my Will. I revoke all my prior Wills and Codicils. FIRST: A. Definitions. As used in this Will: 1. The words "the Code" shall mean "the Internal Revenue Code of 1986, as amended or replaced from time to time." 2. The words "Agreement Among Principals" shall mean the agreement dated July 13, 2007, by and between Leon D. Black, Marc J. Rowan, Joshua J. Harris, Black Family Partners, L.P., MJR Foundation LLC, AP Professional Holdings, L.P. and BRH Holdings, L.P., as it may be amended from time to time. 3. The name "DEBRA" refers to my wife DEBRA IL BLACK. 4. The term "my Fiduciaries" includes my Executors from time to time qualified and acting and any administrator e.t.a. from time to time qualified and acting, the terms "Fiduciaries," "Executor," and "Executors" include single or multiple fiduciaries as may be acting from time to time, and the term "my estate" includes my testamentary property. 5. The word "give," where applicable, includes "devise" and/or "bequeath," and the word "pay" (and variants thereof), where applicable, means "convey, transfer and pay" (and variants thereof). 6. The words "Grantor Retained Annuity Trust" shill mean any trust created by me, as Grantor, during my lifetime, wherein I retained a "qualified interest" and a "qualified annuity interest" within the meaning of Section 2702 (b) of the Code and Treasury Regulation §25.2702-3. 7. All references to the "LB REVOCABLE TRUST' shall mean and refer to the Trust Agreement dated as of August 15, 2013, by me, as Grantor and as Trustee (as said instrument may hereafter be amended and/or restated). EFTA01087514