LDB 2011 LLC ART LEASE AGRFPMENT WHEREAS, on August 19, 2011, LDB 2011 LLC (the "LLC") became the owner of the items of art listed on the attached Schedule A (the "Art") when the trusts that owned the Art, the BEB 2011 TRUST, the Th159 2011 TRUST, the ASB 2011 TRUST and the VRB 2011 TRUST transferred their interests in the Art to the LLC as a contribution to the capital of the LLC; and WHEREAS, LEON BLACK (the "Lessee") wishes to lease the An from the LLC; and WHEREAS, the LLC has determined it advisable to lease the Art to the Lessee; and WHEREAS, the Lessee and the LLC (separately referred to as a "Party" and collectively referred to as the "Parties") would like to formalize the terms under which the LLC leases the Art to the Lessee; and WHEREAS, the Lessee acknowledges that all of the Art is currently in his possession and is in good condition. NOW THEREFORE, the Parties agree as follows: 1. PERIOD OF LEASE. The period of the lease shall begin on August 19, 2011 and shall end upon the earliest to occur of (i) the date of Lessee's death and (ii) the termination date described in paragraph 5. 2. INSURANCE. a. The Lessee agrees to reimburse the LLC for all risk wall-to-wall fine arts insurance coverage for the safekeeping and preservation of the Art, such Art to be insured for the value stated on Schedule A attached hereto (the "Insurance Value"). The LLC agrees that the insurance coverage it has obtained for the Insurance Value of the Art is the stated value for each item of the Art and all claims, whether for full or partial damage, will be based on the Insurance Value. If the Lessee so requires, the LLC agrees to provide the Lessee with a Certificate of Insurance evidencing such insurance coverage. Any other statement by the Lessee to the contrary notwithstanding, the Lessee hereby specifically agrees to accept absolute responsibility for the Art wall-to-wall at the Insurance Value and to accept responsibility and liability for any