EFTA Document EFTA01378524

DEUTS:BE BANK Fa' Sep 21 7:12 09.72:m ?:DA/U17 hint or of principal available to rhe person ro whom a distribution is under corgieu-rotion. MED fn extenion and not in limitation of authority which the Trustee would °Unwise have pursuant to law or purstruit to the other provisions of this Agreement, the Grantor directs that the Trustee have the following discretionary powens: (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 hands. (15) To self ar pattlk or private-sale or ro exchange any property which may at any the bo in his hands, without application to any court, on any rents which he may consider advisable or proper, including terms involving an extension of credit for any period of time and with or .without seeutity. • (e) To acquire, buy, sell, contract to buy, coat:Elio sell short,' buy on margin, exchange, engage in risk arbitrage traassaions with respect to, and.nade in • stocks (common or preferred), bonds, notes,.:ohligations (scured. or unsecured), securities of open-end and closed-end investmem companies and common-trust funds, other securitIm (issued or to be issued), commodities, futures, options, executor/ contracts for the purchase or ale 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, sett or exercise conversion, subscription and odrr rights, and warrants, pa calls, straddles, and other options, to make payments in connection therewith and to sell naked options, whether cilia or puts, and to dal in other financial instnonenZ (e) To make any author led transaction lor tash or on u-edit or partly for cruti a& partly oa credit, with or without security, or partly or wholly with borrowed funds. (f) 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-0075706 CONFIDENTIAL SDNY_GM_00221890 EFTA01378524