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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01202525: Leon Black, Memorandum and Paul Weiss (DS9)

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This is a memorandum dated November 15, 2013, from Paul, Weiss, Rifkind, Wharton & Garrison LLP to Leon D. Halperin regarding a testamentary charitable lead annuity trust (CLAT). The memorandum describes how a CLAT might be structured for the Leon Black Family Foundation, explaining the mechanics of charitable annuity payments and asset management similar to a GRAT structure.

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Excerpt 1
PAUL, WEISS, RIFKIND, WHARTON 8 GARRISON LLP 1285 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10019-6064 **MEMORANDUM** November 15, 2013 To: Leon D.
Excerpt 2
Halperin Subject: Charitable Lead Annuity Trust This **memorandum** briefly describes how a testamentary charitable lead annuity trust, or CLAT, might be incorporated
Excerpt 3
**PAUL**, **WEISS**, RIFKIND, WHARTON 8 GARRISON LLP 1285 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10019-6064 MEMORANDUM November 15, 2013 To: Leon D.

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