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<br /> �FE� �F T1����'
<br /> L��� �I�r �'���5"i��� ���ri�iri��d� P�a�� �'
<br /> ��n�fi�i�r�. Th� v�r�rd "��ne#i�i�ry" m�an� E��i��i�E� ���l�r�rr�f it�s�€���ss�rs �n��s�igns.
<br /> B�rr�v�r�r. Th� v��r� "��rrow�r" rr,��r�s ,���W�JA R 1�lIElE�; �r�� E�EL��Y L �11El�F� an� in�l���s �ll ��-sign�rs �r�d
<br /> ��-m���rs�i�nirr�t[�� �[�t�an�a[��h�ir�u���s��rs�n�[a��i�n�.
<br /> ���d �f Trus#. Th� v+��r�� "���� �f Tru��" m�a r� '��i� a���l �€ Tru�t �rr��r,g Tru��ar, ��n��r, ��� Trust��r and
<br /> ir�c1 u��� v+�iti��ufi Ei mit�t��n �I[ as�i�n m��t �r�d s��urity int�r�st p r�vi�#Qr�s r�l�ti n� t� t�� p�r����[ �r���r�ky �r��
<br /> ��nt�.
<br /> ��vir�r�m���a[ Law�. The �r+t�rd� "En�rir�r�rn�r�tal Lav�r�" rn�an any �r�d all stat�, #�d�r�] an�# I��al ���'tu��sr
<br /> r���l�t��r�s �r�d �r�inanc�s r�latin� t� �h� �r���G#i�n �� �urrr�r� F���[�Yr �r tl�� �r�r�i��r�rri��t, ir,�lu�in� v�ri��r�u�
<br /> fimi���i�� �E�� ��m�r�h�r�siv� Envir�nm�nt�l F��sp�n��, �arrtp��s�ti�n, an�i Li�i�ili�y Act �� 'i���r a� am�nt���i, 4�
<br /> L�.�.�. ���tian ����r �����. �"��F��LA"}, ��� �u��rfur�d Arrti�r��lrrti��t� ar�d R�a�t���ri�ati�rt A�t�f 1�8�r �ub. L.
<br /> N�. ��-49 9 {"�AF�A"}�tl�� H���rd�us �11 a��ria[�Tran�p�r�a�i�n�►�tr �� �.�,C. ���ti�n �1��1 r �����-.��r�Ff�s�u���
<br /> ��n��r�ati�� and R�co���y A�t, �� �1.�.�. ���#i�r� ����� �t ���., �r�th�r�p�l i���l� �t�t� �r f�d�r�l I�v��� ru[��r
<br /> �r r�g�[�ti�r�� 2�e1��t��] �u rs�r�r�t th���t�.
<br /> E�r�nt��a�fi��lt. T��vxr�r�s "�v�n�t�����F�u[t" m��n �ny�f tf�� ��r��i���f�l�f�u It s�t f�r�h [n�hi� a��� a��r���i n
<br /> th� �v�nt� ��F��f�ult���t����f�I�is a���o�Trust.
<br /> G�aranty. TF���rtir�rd �`�u�ra�t�" rr���r��th� ���r�r��r ff�rn ��ar�n��rr �n��rs�r, �ur��yr �r�ccammo�ia�i�n ��r�t�
<br /> L�nd�rr 1 Cl���.[C�f EX� r�r it���t[i m����ian a g��r�ir�ty�f�C1 �r��r��f tf�� �f at�.
<br /> H��ard��s �ubs�ri���. T�t� �r�rd� "H��a�d�us �u��tan���" m��� ����ri�l� �h��F ��c�u�� �� ��i�ir �u�r�tity,
<br /> ��n��r��r�ti�n �r �h��i��IF �h�mi��l �r ir�f�cti�u� cF��r��t�ristic�, m�y ��us� �r ���� a �r�s�r�� �r p�t�n�i�l h��ar�
<br /> t� l��r��r� l��a I���r th��n�rrr�nrr��r��w h�n irt�p��p�r[� ����r tr�����r st�r��l, disp���d �f� ��r��r�t��, r��r,uf��t�r�d,
<br /> tr�nsp�rt�� �r ��h�rwis� h�ndl�d. Tl�� �+r�rd� "H��ard��� �ubs��n���" ��� u��� ir� t��ir v�r� br��d�st s�ns� �n�
<br /> ir,�l�t�� �nrith�ut I�mit�ti�n ���r an� �al h���r�J��� Qr ����� sui�st�r�c�s� rrr�t�ri��� �r vtira�t� as d��f�n�� by ar list��
<br /> �nr��r�h� �r�vir�nm��t�! L�v��. TI��terrn �'H��ard�us �u�st�r���s�` �1�� in�[����� iAfl����l��fi�i�l���l�l�l� ��tr�i�urr, �r�c�
<br /> ���r���um by-pr�d�c�s�r��y fra�ti�n�h�r��f�r,������t��.
<br /> �rr�����r�rx��nts� Th� wpr�i "�rr��r��em�r�ts" rr���r,s �II �xi��in� an� f��ur� i�pr���m�n��, ��i��in�sr s�kructur��f
<br /> �r,�l�il� h�m�s �ffi��� �n ��� F��al Pr�p�rt�, fa��li�i�sF �dditi�r�s� r�pla��rr,�nts �rr� ath�r ��n�tru�ti�n an t�� R�af
<br /> PrQp�rt�.
<br /> [n�[�l�t��ir���s. Th� v�r�r� "I�debt��n�s�" ��an� �l[ �rin�i��IF i���rest� �r,c[ �tl���r �rrt��r�t�� ���t� an� ����n��s
<br /> �ayaa[� �ar�d�r t]�� N�t� �r l��la��d ���urr��nt�, t���th�r �nrit� �11 r����rv�l� �f, ��t�nsi�n� ��r IT'l��l�[���1�IlS ��f�
<br /> c�r���[i��ti�n� af�n� sub�tit�ti�r�s ��r�h� No��vr I��I�t�d a��um�r�t� �r�d �r�y�m�unts �xpen��d ��adv�r����l �y
<br /> �.���l�r �� �[i���nar�� �r�s��r'� ��li�ati�ns ar ��cp�ns�� in��rr��] �y Tr��t�� �r L�n��r t� �r�f�r�� Tru�tar's
<br /> a�I i�a�i�n� un��r�his���d�f Tr�r�x,tv��t�r�r wi�i� i r��er��t�r�s u�h�ma�r�t���p��vi��d i r�this ����1 �f Tr��t.
<br /> L�r���r. Th� v�r�r� "L�n��r" rrti��r�� E��rit��l� B�n[�r ftS �����s��rs �n� �ssi�n�. Tl�e vv�r�� "�ucc��s�r� �r
<br /> �s�ig r��" rn��n �r�y p�rs�n�r��m�any th�t����ir�s �ny�r�t�r��t i r��F���[���.
<br /> n[�t�. T�,��r�r� �[��t�'� m��nS�f���ra rr�i�s�t�t��t�d�t��Apri[�r ����, ir� �h� �ri��r��I ���n�i��1 �rn�u n� ��
<br /> ����{���.�� fr�m Tru�t�r �� L�r���r f t������r w��h �11 r�r��vrr��s o�r ��t�n��on� �f, m�difi cati�n� �ft
<br /> r�fin��t�i r��� �f, ��r�s�l id a�i�n� ��f �r�d �u�stit�ti�r�� f�r �he pr�rn i�s�ry n�t� �r ��re�m�n�. T�� rrt�tu�r�{ty d�t� ��
<br /> �his a��� �f�rust is.���u�ry��, ��1�.
<br /> ��r��n�� �rap�rty. T�n� �nr�rds "P�r��n�C pr���rty" rr���n �I� �q�i�rr��r�t, ���ct�ar��, �n�l �th�r ar�i�l�s �� ��rs�rt�[
<br /> pr�p��ty n�vv �r �r�r�after �v�n�� �y Tru����r ���] ���+v Qr h�r���k�� �tt��Fi�d �r �ffri�c�d t� th� f���l �r���rt�rr
<br /> t��eth�r wi�� ��I a�����i�n�f }a�r�s, ��d ��i�iti�r�� t�� �I[ r�pE���m�nt� ��r ancl �1[ s��s��t�a�i�n� ��rF �r�y �f sucl�
<br /> pr��a�r-ty; �n� ���e�l��r v�rith �Jf pr����ds (ir��lu�in� �ri��r��t lir�i���i��t �!I ir��ur�r,�� pr����ds an� r���a�d� �f
<br /> pr�rr�@um�} ���m �n�r�a[��r�tC��r�is���i�i�rt�f th�� ��r���rty.
<br /> �r�p�rt�r. Th��r��� "�ro��r�,r" rr���n����I��tiv�ly th� F��al �r���rty�r���h� ��rs�r��[ Pr���rty.
<br /> i���] PrQ�a�r�r� T1�� �r+r�r�s �'R�al Pr�perty" m��n t�� r��! �r���r�y� in��r�st� �r�� ri�ht�, a�furt��r d���ri��� in thi�
<br /> ���d �f Trust.
<br /> F�������1 ��Gram�r�t�. T[�� vtir�rd� "��I�t�� E����m�nt�" rrt��r� �E] pr�rr,is��ry rr�t�sr �redit ��r��m�n�s, l�an
<br /> ��r��m�r���r �r�vi r�nm�nt�[ ��r�em��t�f �u�r�r�ti�s, �e��t�it�r ��r��m���s� m�r-tg����� �l��d� �� tru�tt ����ri�t�r
<br /> �[���[�� ��11a���r�1 �ort����s, an� a[] �th�r i n���u�er�t�f ��r��rr,�nt� �rtd ����rr��nt�, �rv h���r�r n�w �r f��r�a��t�r
<br /> ��cistin�r �������r� En�ar�r���ti�t�with th�]���bt��n���.
<br /> F��n#.�. Th� �ra r�] "��r�ts" m�an� �I� �r�s�nt �n� #u#u r� r��ts, r�v��tu��, in��m�r i�����f r�yai�i��f �r��i�s{ �r,d
<br /> atY��f��n�fit���ri�r�r��r�m#h� €�r���t�r.
<br /> �rt�st�e� TF�� trv�r� "�ru�t��'" mean� E��it�b1� ��nk ��r�r�d Is[�r�d R��ian}, wh��� adclr��� i� 7"[�-�7� [�! L�cus�
<br /> ��i F�� ���c ���� �r�nd Is[�nd� �l� �����-����an� �ny�r��s�it+����r��,���s�ar t��st���.
<br /> �rust�r. �h��rv�rd "Tru�t�r�' m��ns,���H�JA R 11lI E]E� and I�EL�E� L 1�11�1 EF�.
<br /> F�4�H TI��]�T�R A�[�N�VtiIL�D�ES HA�Il�1� F�EAa ��L TH� �1��1�1�1�11�� �F TH E� D��� �F TF�U�Ti A N� EA�H
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