MORTIMER B. ZUCKERMAN MANAGEMENT TRUST Amendment and Restatement Pursuant to the provisions of Paragraph B of Article I of the Mortimer B. Zuckerman Management Trust created by Trust Agreement dated November 2, 2010, between Mortimer B. Zuckerman, as Settlor, and the said Mortimer B. Zuckerman, as Trustee, as most recently amended and restated on October 31, 2013 (the "Trust"), I, the said MORTIMER B. ZUCKERMAN, hereby amend the Trust by striking out ARTICLE I through ARTICLE XXV, constituting the whole of the Trust Agreement, and substituting therefore the following Table of Contents and Articles I through XXV, which constitute the entire Trust and may be relied on by any person without reference to any prior document "Table of Contents Article I Article II Article III Article IV Article V Article VI Article VII Article VIII Article IX Article X Article XI Article XII Article XIII Article XIV Article XV Disposition of Trust Property and Reservation of Powers During My Lifetime 2 Payment of Taxes, Debts, Expenses and Bequests under my Will, Disposition of Art Following My Death 3 Maintenance and Support ProvisiOns for Marla Prather 4 Other Provisions Related to the Separation Agreement 7 Abigail's Inheritance 8 Provisions for Abigail During Minority 8 Provisions for Abigail until her Emancipation 9 Other Provisions for Abigail and Renee 9 Other Gifts at My Death 11 Disposition of Remaining Property 12 Trust for the Benefit of a Descendant of Mine 13 Trust for the Benefit of a Descendant of a Niece or Nephew of Mine 15 Qualified Subchapter S Trusts 16 Further Provisions Regarding the Disposition of the Trust Property 18 Powers of Appointment; Disclaimer; Division and Consolidation of Trusts 18 MN IAA 4••••• •••• -1- EFTA01111057