📄 Extracted Text (375 words)
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 empowers the Trustee to sell, to continue or
to liquidate, in whole or in part, the Trust's interest in any corporation, partnership,
individual proprietorship or other business, subject, however, to the provisions of any
stortrholders' Agreement or other Agreement with respect to such business which may
be in force. Any such sale may be at a price and on tams or conditions which the
Trustee in good faith considers fair and advisabk. 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 Grantor 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, in partnership, individual, corporate or other form, and to continue such
business or interest therein as long as he may consider it advisable, and to enter into
contracts, make expenditures and do all other acts which he may regard as necessary or
proper in cormeetion with the acquisition and conduct 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 in 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:
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0068983
CONFIDENTIAL SDNY_GM_00215167
EFTA01374340
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EFTA01374340
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