EFTA Document EFTA01381161

B. The words "IN TRUST" shall mean "'in trust, nevertheless, to hold, manage, invest and reinvest, and, until payment thereof as hereinafter directed, to receive the income thereof." C. The word "pay" shall, where applicable, mean "convey, transfer and pay" and the word "payment" shall, where applicable, mean "conveyance, transfer and payment." D. The word "Trust" shall mean the trust created under this Trust Agreement. E. The words "Code" and "Internal Revenue Code" shall mean and refer to the Internal Revenue Code of 1986, as the same shall have been amended from time to time. THIRD Dispositive Provisions A. The Trustees, in their complete and uncontrolled discretion are authorized to distribute any part or all of the income or principal of the Trust (either outright or in further trust, upon such terms and conditions as the Trustees shall determine in their sole and absolute discretion) to any one or more persons then living from a class consisting of and GHISLAINE N. MAXWELL in such amounts and proportions and to the exclusion of any 2 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0079948 SDNY GM_00228132 CONFIDENTIAL EFTA01381161