Epstein Secrets

e SECOND. SIXTH: SITUS/GOVERNING LAW The validity and construction of this Agreement and any trust hereby created shall be governed by the law of the State of New York. The Trustees, however, are prohibited from exercising any power or discretion granted under said laws that would be inconsistent with the qualific

s of Treasury Regulation §25.2702-3) are hereby incorporated by reference. (B) In furtherance of the Grantor's intentions, the Grantor authorizes the Independent Trustees (as defined in Clause SEVENTH), by majority action, to amend this Agreement at any time and from time to time by written instrument, but only for t

ning to the validity, construction and administration of this Declaration of Trust and the Trusts shall be determined in accordance with the laws of the State of New York in effect from time to time. 4 EFTA00609837 ARTICLE H: THE TRUST FUND The Senior hereby declares that he holds the property described in Schedu

art" shall mean paintings, drawings. pictures. and sculptures, including archaic Chinese bronzes and Chinese terra cotta figures. The decision of the Independent Trustees as to whether any particular item of tangible personal property is a work of art shall be binding and conclusive upon all persons who may in any wa

e SECOND. SIXTH: SITUS/GOVERNING LAW The validity and construction of this Agreement and any trust hereby created shall be governed by the law of the State of New York. The Trustees, however, are prohibited from exercising any power or discretion granted under said laws that would be inconsistent with the qualific

s of Treasury Regulation §25.2702-3) arc hereby incorporated by reference. (B) In furtherance of the Grantor's intentions, the Grantor authorizes the Independent Trustees (as defined in Clause SEVENTH), by majority action, to amend this Agreement at any time and from time to time by written instrument, but only for t

ust Agreement to terminate the Trustees' Distribution Obligation. 24. The Trustees would like to submit the Accounting to an appropriate court in the State of New York and obtain a judicial discharge for their acts and 5 DM US 41510967-3.088835.0011 EFTA_R1_0 1967039 EFTA02676140 proceedings as Trustees with r

me so much of the net income remaining after the Trustees' Distribution Obligation and the principal of the Trust in such proportions and amounts as the Independent Trustees, in their sole discretion, shall determine. 9. DEBRA is LEON's spouse, and BENJAMIN, JOSHUA, ALEXANDER and VICTORIA are LEON's children. 10. LE

ust Agreement to terminate the Trustees' Distribution Obligation. 24. The Trustees would like to submit the Accounting to an appropriate court in the State of New York and obtain a judicial discharge for their acts and proceedings as Trustees with respect to the administration of the Trust during the Accounting Pe

me so much of the net income remaining after the Trustees' Distribution Obligation and the principal of the Trust in such proportions and amounts as the Independent Trustees, in their sole discretion, shall determine. 9. DEBRA is LEON's spouse, and BENJAMIN, JOSHUA, ALEXANDER and VICTORIA are LEON's children. 10. LE