Epstein Secrets

ection) necessary or proper in their opinion in the administration of any Trust as fully as if they were the absolute owners of such property. (B) Reliance on Statement of Assets or Income. If the Independent Trustees of a Trust decide to consider the assets or income (or both) of a Beneficiary in exerc

it under this Declaration of Trust. (13) "Senior's spouse": at any particular time. the individual to whom the Senior is married and with whom the Settlor is living, or. if the Settlor is not living, the individual to whom the Senior was married and with whom the Senior was living at the time of the S

enses incurred in connection therewith out of such Trust; and to sell quantities of any commodity or currency for present or future delivery. (C) Reliance on Statement of Financial Resources. If the Trustees and/or Independent Trustees of a Trust consider the financial resources of a beneficiary in exe

D RULES OF CONSTRUCTION 44 DM US 39479962-2.08883SM' I EFTA00607893 TRUST AGREEMENT made the day of December, 2012, between DEBRA R. BLACK, as Settlor, and DEBRA R. BLACK, LEON D. BLACK and RICHARD RESSLER, as Trustees. I: TRUST FUND The Settlor hereby assigns, transfers and delivers to the Trust

iversification requirement that would otherwise apply, including one imposed by a Prudent Investor Act or similar applicable law, is negated. (C) Reliance on Statement of Financial Resources. If the Trustees and/or Independent Trustees of a Trust consider the fmancial resources of a beneficiary in exer

5.081183S.00 I I EFTA00616778 WHEREAS, by trust agreement dated December 21, 2006 by and among LEON D. BLACK, as settlor (the "Settlor"), and the Settlor and JOHN J. HANNAN ("JOHN"), as trustees (the "Original Trust Agreement"), as amended on , 2012, the BLACK 2006 FAMILY TRUST (the "Trust") was cre

iversification requirement that would otherwise apply, including one imposed by a Prudent Investor Act or similar applicable law, is negated. (C) Reliance on Statement of Financial Resources. If the Trustees and/or Independent Trustees of a Trust consider the financial resources of a beneficiary in exe

greement, the Independent Trustees (as defined in the Original Trust Agreement) may amend the Original Trust Agreement at any time while either the Settlor or DEBRA is alive and not under a disability, subject to certain prohibitions set forth in section (B) of article III of the Original Trust Agreeme