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efta-01479938DOJ Data Set 10Other

EFTA01479938

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DOJ Data Set 10
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efta-01479938
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EFTA Disclosure
Text extracted via OCR from the original document. May contain errors from the scanning process.
The Trustee shall continue to have all the powers herein vested in him until the final distribution of all property in his hands. FOURTH , The Grantor authorizes and einpowers the Trustee to sell, to continue or to liquidate, in who?e or in part, the Trust's interest in any corporation, partnership, individual proprietorship or other business, subject. however, to the provisions of any stockholders' Agreement or other Agreement with respect to such business which may be in force. Any such sale may be at a price and on terms nr conditions which the Trustee in good faith considers fair and advisable. Any such sale may be made to any one or more of the Grantor's business associates, any one or more employees of any business in which the Granter may be engaged. and any one or more of the Grantor's relatives, even though said business associates, employees and relatives, or any of them, may be a Trustee under this Agreement. The Grantor further authorizes and empowers the Trustee to acquire and to conduct any business of any kind, or any interest in any such business, to pannership, individual, corporate or other form, arid to continue such business or interest therein as long as he may consider it advisable, and to enter ituo contracts, make expenditures and do all other acts which he may regard as necessary or proper in connection with the acquisition and corxhict of such business or interest therein. Such authority and power may be exercised notwithstanding the participation of one or more of the Trustees in such business in his individual capacity. The acquisition and conduct of such business or interest therein shall be at the risk of the Trust acquiring or conducting such business or interest therein, and the Grantor hereby exonerates the Trustee from any personal loss or liability which he might otherwise incur by reason of the acquisition or conduct of such business or interest therein. 'the authority granted to the Trustee pursuant to this article shall be ir. addition to and not in limitation of the powers granted to him elsewhere in this Agreement. FIFTH The Grantor makes the following provisions with respect to the Trustee !OW. 5 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00001955 SDNY_GM_00271153 EFTA01479938

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