📄 Extracted Text (235 words)
themselves, members of their respective families, their respective estates,
their respective creditors or the creditors of their respective estates, except
that nothing contained herein shall invalidate any dispositive grants made to
any Trustee by the Grantor.
SECOND
With respect to each addition made to the trust, the Grantor's
brother, MARK LAWRENCE EPSTEIN, shall have a right to withdraw
from the trust property equal in value to the value of such addition, provided,
however, that such withdrawal rights shall be reduced to the extent the
aggregate withdrawal rights would exceed the annual exclusion amount with
respect to such person in any one calendar year.
Within sixty days of the receipt of each addition by the trust,
the Trustees shall give written notice thereof to MARK LAWRENCE
EPSTEIN, and of his right to make a withdrawal from the trust.
The right to make a withdrawal shall be exercisable for a period
of sixty days from the time the Trustees give written notice of receipt of an
addition. After such sixty-day period, (i) such right shall continue but shall
lapse as soon as and to the extent that such lapse shall not exceed, with
respect to any calendar year, the greater of Five thousand dollars or Five
percent of the value of the property out of which the exercise of the power
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0096565
CONFIDENTIAL SDNY_GM_00242749
EFTA01391592
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EFTA01391592
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