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o said cay, the improvements, and fixtures thereon, and certain permits and rights with respect thereto and which also owns 100% of the interest of L.S.J., LLC, a Delaware limited liability company that holds certain permits and rights pertainin to the improvements on said cay. In addition, I give to t

rty. Operating expenses shall include, but not be limited to, property insurance, real estate taxes, utilities and general maintenance and repairs. Section 2.4.- Balance of Trust Estate The balance of the Trust Estate, after the distributions provided in Sections 2.1, 2.2 and 2.3 of this Article II, shall be distributed as follows:

o said cay, the improvements, and fixtures thereon, and certain permits and rights with respect thereto and which also owns 100% of the interest of L.S.J., LLC, a Delaware limited liability company that holds certain permits and 5 CONFIDENTIAL GJ 000356 SDNY_GM_00008033 EFTA_00 120705 EFTA01266384

ty. Operating expenses shall include, but not be limited to, property insurance, real estate taxes, utilities and general maintenance and repairs. Section 2.4.- Balance of Trust Estate The balance of the Trust Estate, after the distributions provided in Sections 2.1, 2.2 and 2.3 of this Article II, shall be distributed as follows:

o said cay, the improvements, and fixtures thereon, and certain permits and rights with respect thereto and which also owns 100% of the interest of L.S.J., LLC, a Delaware limited liability company that holds certain permits and rights pertaining to the improvements on said cay. In addition, I give to

rty. Operating expenses shall include, but not be limited to, property insurance, real estate taxes, utilities and general maintenance and repairs. Section 2.4.- Balance of Trust Estate The balance of the Trust Estate, after the distributions provided in Sections 2.1, 2.2 and 2.3 of this Article II, shall be distributed as follows: