EFTA01378801

2,EUTS:PE BANK Fa' J1ÖS95P125 Sep 2,1 7:12 09.72:m P:DA/P17 hint Or of principal available to Me person ro whom a distribution is under corsieu-rotiran. MED fn extenion and not in limitation of authority which the Trustee would °Unwise have pursuant to law or pursuant to the other provisions of this Agreement, the Grantor directs that the Trustee have the following discretionary powers; (a) To retain for as long a period of time as he may consider advisable or proper any property of any kind which may at any time be in his bands, (15) To sell ar pnlik or private-sale or ro exchange any property which may at any the bo in his hands, without application to any court, on any serous which he may consider advisable or proper, including terms involving an extension of credit for any period of time and with or .without security. • (a) To acquire, buy, sell, contract to buy, coat:Elio sell,i sell short,' buy on margin, exchange, engage in risk arbitrage transsaions with respect to, and.nade in • stocks (common or preferred), bonds, notes,.:obligations (scured. or unsecured), securities of open-end and closed-end investment companies atii common-trust funds, other securitl (issued or to be issued), commodities, futures, options, entailer/ contracts fur the purchase or isle of securities and commodities, mortgages, and other property, real or personal, of any kind, whether similar or dissimilar to that specifically enumerated, and inn:rests in any of the foregoing, without being bound by any provision of Inw restricting investments by trustees, and without regard to any principles of diversification. (d) To purchase, sell or exercise conversion, subscription and odrr rights, and warrants, pa calls, straddles, and other options, to make payments ha connection therewith awl to sell naked options, whether calla or puts, and to dal in other financial instatmen% (e) To make any author led transaction lor tash or on relit or partly for cruti a& partly oa credit, with or without security, or partly or wholly with borrowed funds. (0 To borrow money for any.purpose and to pledge or mortgage property as security for money borrowed or for other transactions 2 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0076056 SDNY_GM_00222240 CONFIDENTIAL EFTA01378801