RESTRUCTURING OF 2012 YEAR-END PLANNING

RESTRUCTURING OF 2012 YEAR-END PLANNING November 26, 2013 EFTA01195140 Existing 2012 Year-End Planning Structure $5.12 million Note Black 2011 Family Trust Agreement Debra Black, Barry Cohen, John Hannan, Trustees, US Trust Company of Delaware, Administrative Trustee $5.12 million Note Black 2006 Family Trust Debra Black, Barry Cohen, BEB 2011 JMB 2011 ASB2011 VRB 2011 John Hannan, Richard crust I rust I rust I rust Ressler, Trustees $5.12 $5.12 $5.12 $5.12 million million million million Note Note cash cash V Yggdrasil Trust Tron Trust Ga nda If Trust Rollo Tomasi Trust Trustee of each descendants' trust EFTA01195141 Step One: LDB 2011 LLC Purchases Notes Issued by 2011 Trusts for Cash Sells $5.12 MM Note from BEB 2011 Trust Receives $5.12 MM cash Yggdrasil Trust Sells $5.12 MM Note from JMB 2011 Trust $5.12 MM Note from each of ASB 2011 Trust and VRB 2011 Trust Receives $5.12 MM cash Tron Trust $5.12 MM cash Black 2006 Family Trust EFTA01195142 Step Two: LDB 2011 LLC Distributes the Notes to the 2011 Trusts LDB 2011 LLC makes a pro rota distribution of property to its Members. Each Trust gets its cancelled $5.12 million note. Two members get cash to equalize value. Cancelled Cancelled Cancelled Cancelled $5.12 MM $5.12 MM $5.12 MM $5.12 MM Note Note Note and cash Note and cash BEB 2011 Trust Tron Trust Gandalf Trust Rollo Tomasi Trust Black 2011 Family Trust Agreement Debra Black, Barry Cohen, John Hannan, Trustees, US Trust Company of Delaware, Administrative Trustee EFTA01195143 Result: Each of the Descendants' Trusts has Cash to Invest Trustee of each descendants' trust gill liciiiniriii' $5.12 million (plus interest) in cash $5.12 million (plus interest) in cash Rollo Tomasi Trust $5.12 million (plus interest) in cash EFTA01195144 Existing Note Structure for Ben and Josh's Trusts Black 2011 Family Trust Agreement Debra Black, Barry Cohen, John Hannan, Trustees, US Trust Company of Delaware, Administrative Trustee BEB 2011 Trust I $3,250,008 million Note JMB 2011 Trust $5,897,726 million Note Trustee, U.S. Trustee, U.S. Trust Company Trust Company of Delaware, Administrative Benjamin Black 2010 Trust Joshua Max Black 2011 Trust of Delaware, Administrative Trustee Trustee EFTA01195145 Step One: BEB 2011 Trust and JMB 2011 Trust Borrow from LDB 2011 LLC Borrows $3,250,008 plus interest owed to Benjamin Black 2010 Trust and gives a Note Lends cash BEB 2011 Trust Lends cash Borrows $5,897,726 plus interest owed to Joshua Max Black 2011 Trust and gives a Note JMB 2011 Trust EFTA01195146 Step Two: BEB 2011 Trust and JMB 2011 Trust Repay Notes to Ben and Josh's Trusts Note payable BEB 2011 Trust Repays $3,250,008 Note plus interest JMB 2011 Trust Repays $5,897,726 Note plus interest Benjamin Black 2010 Trust Joshua Max Black 2011 Trust Note payable LDB 2011 LLC EFTA01195147 Result: Leon is Lender and Borrower for Federal Income Tax Purposes Ben and Josh's Trusts Have Cash to Invest Note payable BEB 2011 Trust Taxed to Leon Benjamin Black 2010 Trust Cash to invest JMB 2011 Trust Taxed to Leon Joshua Max Black 2011 Trust Cash to invest Note payable Taxed to Leon EFTA01195148