EFTA01298782.pdf

CELITSCIE BAN( Fax 4108955135 Sce 24 2013 09:27a, P001
Deutsche Bank
Private Wealth Management
Trust Authorization
Account Managed by Deutsche Bank Securities inc. or Affiliate
k nount.Nem*. TM Mn Trust
N4C 0 24 943
Account Number.
In consideration of Deutsche Bank Securities Ina (referred to herein as "DBSI1 maintaining an account and providing brokerage
services for the above-named Trust !"Trust'), the undersigned hereby represent end warrant that:
1. The undersigned are all of the Tnatein d the above-named Trust created by a trust Instrument dated rate
end duly executed pursuant to the laws of the state of kir& ithe 'Trust Instrument").
2. Under the terms of the Trust Instrument ANY ONE of the undersigned Trustees is authorized and empowered on behalf of
the Twit
(DELETE ANY INAPPLICABLE TRUST POWERS)
(a) To open. maintain and dose a brokerage account and to employ brokers, custodians and other agents;
(b) To sell or exchange any of the Trust waste;
(c) To invest and reinvest Trust assets in reel or personal property, including but not limited to! (i) foreign and
domestic corporate ',Vitiation, and securities of every kind, investment trusts, gm/unman' °Motions and
commodities and currencies; and tii) any derivative Instilmwe's of anY kind (including. without limitation, options,
forwards, and swaps), pertaining to, or providing Westmont exposure with respect to any of the foregoing,
whether rotating to a speciric security, debt Instrument commodity or currency. or mating to a basket or index
comprised of, or based on changes in the level of prices, rates or values of, any group or combination thereof;
WI To hold securities or other property armed by the Trust in the Trustee': own name or in the name of Trustee's
nominee a custodian;
(e) To exercise all the rights of ea absolute owner over treourities In the Trust account including but no Emitted to, the
pow to vote stock to sell or exercise stock subscription or conversion rights and to transfer title to said
securities;
(11 To borrow money or to make any contract the effect of which Is to borrow money and to secure such obligations
by mortgages or other liens upon any Trust property;
(g) To appoint a third party (includes] but not united to alany DEISI emplowe(s)) to exercise dscretion in connection
with Nov purchase and/or sale of securities on behalf of the Trust; and
01 To exercise all duties. nee% and wears, to execute all documents and to take all actions necessay or appropriate to
perform the powers enumerated above.
a usTEDtesi0w ABEANYANDAWRIMEICTIQNSLIFON'TREAestriY.wAtit -alumna PERFORivillit P0INPS.
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otilaldit Sank %cumin inc. • subswery Deutsche bank AG. conducts invertment taking and exams edMt. m two United Straw.
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4. The undersigned will provide DBSI with any requested documents relating to the Trust.
5. The undersigned will comply with all restrictions upon their powers as Trustees as stated in the Trust Instrument, including
obtaining all required consents or authorizations.
O. The undersigned will notify DBSI promptly in writing of any events or amendments to the Trust Instrument which alter or in
any way affect the accuracy or truth of the representations eat forth in this Authorisation. OBS; :may rely upon tit
Authorization as continuing in full effect unless and until it receives written notice from the undersigned of eny changes.
The undersigned jointly and severally agree to Indemnify end hold harmless DBSI. its employees and agents, from and against
any and all liabilities, judgments, claims, settlements, losses, damages, obligations and expenses, including reasonable fees of
counsel, ailing from or related to any representations in this agreement or any acts or omissions concerning the Trust by any of
the Trustees.
Very truly yours,
*OP Vi e° At
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Signature: Signature:
Print Name: Print Name:
Address: Address:
Date: Date:
09PWM-0€61 COM 2 (05/11) BST
006832 091911
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Nig (-1 021,(E3
ACCRIVICE CCWCCEliS011 MESTER
OF MB= TRUST
WHEREAS, Jeffrey E, Epstein is Trustee of The Haze Trust t the instil.
cleated pursuantio thuSt agreement dated February 9, 1999 between Nifty &Epstein,
as Glut%a nd Jeffrey E. Epstein, as twee (the "Trust Agreement");a nd
3103:lad" Jeffrey B. Epstein, Trustee of the Trust, pursraint to the provisions
of Article FIFTH, paragraph (a) of Ibe T.n3st Agreement, designated Damn Ka Indyke, to
act es Trustee of the Trost;
NOW, THERDORE, the undersigned hereby Mayes his 9pointmem as
Trustee and.agrete to be bound by all the terms and conditions of the Trust Agreemern,
effective foam end after the date thereof.
Dated as of May 8.2007
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lift Man
netption oreette
1. The tine That (the 'IMO was created under a trust agreement dated
February 9, 1999 between Jetty E. Epstein, as Warner, and Jeffrey E. Epstein, as
Ttustee (the "Trust Agtetaste).
2. Pursteica to thc provisions 'of Ankle FIFTH, paragraph (a} of the Trust
Agreement, the Trustee is authorized to desigoate one or more ulditiocal Trustees of
the Tont won't desiguatioos shall be in oniftng
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3. Jeffrey E, Epstein, as Thin, hereby designates Dann K.I nd*, to nu
as Trustee of foe Trot, effective from and after the date hereof.
Data as of: May 8, 2097
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02 ,113
The line Trust
TRUST AgREEMEIT slated Pate"°1-1 1 , IS9i, between
JEFFREY E. &MEIN, as GM**. and,JEFFREY E. EPSTEIN, as Trustee.
(a) The Gunitor hereby transfers to the Trustee the propetty dactibed
Agreement.
(b3 The Trustee shall retain such property. IN TRUST, for the
following purport
(iffo Pay any pan oral! °feriae:ore and such sows from Or any
put or all of the principal of the Trust es the Trustee, to his
discretion., from tittr to the deterthiaes for arty reason whaisoent
to, for, or on behalf of die Gamma. Amy income not so paid shalt
amok he wiled to the pdoeipat.
(ii)Oa the dwelt of the Granter, to dispose of the =Sing income
and pti telpit of the Trost, heeding any property rectivecity the
Trust es ti tusk of the Graator's death to the estate of the
Grantor.
In exercising any discretion dr Trustee, may, but shall not be required to,
consider and accept as at any statement which be believes to be tel glade by
any person, =Whig a person interested in the way in which the disereidon is exercised.
Lilt mare, an exenasing any t>3srebompr author* given to awn turn any proviston
of this Agreement, shall not be required to take into account any other resources of
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irtront or of principal available to the person to whom a distribution is wider
comit4omion.
THIRD
In extension and not in limitation of authority which the Trustee would
otherwise have pursuant to law or porsuus to the other provisions of this Agreement, the
Grantor directs that the Trustee have the following discretionary powers:
(a) To retain for u 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 bands,
(b) To sell err pubtrot prime-3at r ro exchange any property which may
U any time be in his hands, without appEcation to any court, on any tents which he rosy
consider advisable or proper, including terms involving an extension of credit for any
period of time and with or without security. . .
(c) To acquire, buy, sell, contract to buy, coutractlo sell,: sell short; burro
margin, exchange, can' in risk arbitrage trarurgions with respect to, andirade in
stocks (=moo or prefentd), • bonds, notese:obligatioas (secured. or unsecured),
securities of operHersd and closed-end investment companies and common trust funds,
other setutitl (issued or to be issued), evnunoclIties, futures, options, executory
contracts for the purchase or ale of secunties am' commodities, mortgages, and other
property, real or persOrrg, of any kind, whether similar or dissimilar to that specifically
erannerated, and intarms in any of die foregoing, without %tug bond by any provision
of law restricting investments by trustees and without regard to any principles of
diversification.
(d) To purchase, sell or exercise conversion, rabscription and other rights, and
warrants, rarer, calls, straddles, and other options, to make payments in connection
therewith and to sell naked options, wigglier calis or puts, and to deal k other financial
LiStrUlOCILZ
(e) To maim any authothed transaction for cash or on credit or partly for cash
and partly oa credit, with or without security, or partly or wholly with barmy/eft funds.
(f) To borrow money for any purpose and Co pledge or mortgage property as
security for money borrowed or for other transactions
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(g) To pracipate in reorganizations. consolidations, mergers, liquidations, or
other capital adjustments affecting securities herd by ram.
(h) To rain dry interest in. to invest in and to become a nietorba of, any
partnership or joint venture, to comply with all the terms and previsions of even'
part/mkt) and joint venue /timing to any kavatmeni at any time held by !Inn, and to
vote. extern consents, exercise all rights and take such other action with respect to any
partnership or joint venture as be, in his discretion, deans advisable.
• (I) To invest in or otherwise acquire any property, mat or personal, of any
kind, without limicadon, without being bound by any provision of law restricting
investments by trustees, including bur not limited to common and preferred docks,
secured and. unsecured obligations, mutual and common funds, other stcuntres,
mortgages, and interests and options in any of the foregoing. .
(j) . In permit funds to remain .uninvested; and to. retain for an unlimited
period Of tini and to acquire and rain property which is not productive of income.
• (k) To hold securities in the mats of nominees or in such form as to pass by
delivery and to remove property to or from arty juritdicticen,
(I) To employ attorneys, dmounrancs, investment advisers, security analysts,
brokers, agents, clerks, bookkeepers., stenographers and asstearus, and to pay the fair
and reasonable value of their xrviccs, and in coonection with this power a Trustee who
is in snowy, an asuman! or a broker or any firm of attorneys, accountants or brokers
of which a Trustee is a partner or employee may be retained on Muff of the Trust
hereunder and compensated for services rendered.
(rn) .To kod roomy or other property to any person, corporation, partnership,
estate, Trust or other entity.
(n) To distribute income or principal in cash or in kind or partly in each.
Such distributions may be made to any trustee, beneficiary or remainders/nut with
property that is like or different from the property used to make any other distribution
le any other trustee, beneficiary or remainderman.
(a) To hold all or part of tir property held hereunder in common Lnvestmenn
or limd.s.
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(p) To operate, repair, niter and itnprove any real property which he may hold
or in which he may hold an interest or a participation: to erect or demolish buildings
deacon; to enter into leases for such real property or any par thereof or any titterer or
participation therein for any period of time; to mortgage such reel property or Ivry part
thereof Cr any interest or participation attain for ally cr..riod of timo: to grant options
with reaped to such reel property, mortgages and taxa or any =rest or participation
rhcmin for any period of time; to perform, modify, waive provisions of, extend, renew,
tem:Mime or otherwise act in respect of any such leases, tnortgages or options; to cause
such real peernty or any interest or participation therein or any part thereof and himsaf
to be insured aping any and all risks; to retain an agent or agents for any of the
foregoing purposes; ant to do or omit to do anything of any kind or nature with respect
to any such real property any part thereof or any Inemestior option with respect thereto
and the inanagemeat Item( which he may in his diravetion consider advisable. whether
or not such act or omission is betensbove specifically mentioned, withont being Wind
by restrictions which might otherwise be applicable and without court approval.
(q) To determins, is case of reasonable doubt on his par. whether any
property coming into his hands oxistitutcs income or prircipal, and whether any payment
or expenditure made by him shall be charged to income DC to principal.
(r) To become or continue to be an officer, director or employee of any
corporation, stock of which may be owned by the Grantor's estate or the Trust created
hereunder S as snob officer, director or employee to receive a salary, bong or ocher
c,orupdisuinn in reasonable amount for services rendered to said corporation.
.(a) to delegatt to any one of the Trustees any nondisciretionary power,
Melodist& botmot limbed to the power, singly or with others, to sign checks, withdrawal
slips, instructions for the receipt or delivery of securities or other property, and
instructions fig the payment or receipt of money, and the power, singly or with others,
to have access to any saft deposit box or other place where property of the Trost crencd
pursuant to this Agreement is deposited.
(t) to transfer any property which he may at any time hold many jurisdiction
which he iSeethS advt.:tank.
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The Trustee shall condone to. have all the powers herein vested in hint
mail the final distribution erf all property In his loads.
EATITtl
„ .
ilte Grantur.åuthoriz. es ektpos‘g the TrUsa5e to tell. to continue or
te liquidate, in whole or in pan, the Ttust's interest in any corporation, partnership,
individual proprietorship or od-cr business, subject, however, to the provisions of any
s tockhoidemsNgreertent or tither Agreement with respect to well bUsisr-ss which may
he in force. Any such sale may be at a price and 011 terms or conditions which the
Trustee in good faith considers fair and advisable. Any such sale may be made to any
one or more of the Grantor's business associates, arty one or more employees of any
business in which the Grantor may be engaged, and any one or more of the Cantor's
relativ-es, even though said business associates, employees and relatives, or ay:of them,
rnay to a Tragrt nodes this Agreement The Grantor further authorizes and empowers
the Trustee to acquire and to conduct any business of any kind, of any interest in any
such business, in partnership, individual, corporate ar ether form, and to continue men
business or interest (herein 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 cermettioa With the acquisition and conduct of such business or interest ihatin.
Such authority and power nuy be exercised notwithstanding the participation of one or
more of the Trusters in such business in his individual capacity. el"& acquisition and
conduct of st tusiress or intr.-rest therein shah be at the risk of the 'Trost acquiring or
conducting such bosinesi or interest therein, and the Grantor hereby exonerates the
Trustee from my personal hiss or liability which he might otherwise incur by reason of
the acquisition or condom of such business or ititertS1 therein. The authority granted to
:he Trustee pursuant to this article shall be in addition la and not in braitarion of the
powers granted to him elsewhere in this Agreement.
Tbe Gadnor makes the following provisions with respect ty the Trustee:
S
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r
(a) ?heist acting trustee. is. authorized to designate one or more *kits!
orWater Moses. Designadors shill be in isfritleg and maY be revoked in Writing
by the mobsE no: eta:kyr* prier >b tbetpuififteidon of die item designated.
(b) • Ell a* timers Retie is acting and nu sucoessorbas time designated
. .
or no sure or w.h' ohas .been designated biteable to ad. JEFFREY A. SCIWIT/
is appointed as suzette& Innate
• (c) A»y Trustee 'May realign by giving .notice to mkt effect on the date
specified iri said notice.. •
(d) ATI:tines may resign or qualify only by a written instaement mailed or
Mimed to the Ontothror a Tie:tee then sake.
(e) NO Tote at any time acting hereunder stall be required to give !my
bond. tedertaking, or other security for the Waged perfoonarce of his duties in any
L jurisdiedon of be liable for the arts or omissions of ate: other Trustee:
L
((00 Any reference betties the Trustee.shall include swam, assessors sal
611C01
The Oa or say other peace, with the coma of the Thome, shall
have the right to make additions to the Trust hereunder by will or otherwise by
transferring to Obt Trustee adtritional real or personal property.
≥
The Trustee hereby accept the That and agree to execute It to the best
of his
The QS repast tight at any time celiac doting bh la to revoke,
S whole or In pen, this Agreement and the Trust created hereunder awl to receive a
Ttie Oran* retains the right at any this or drat during Ids life to mood
this Affsernett and the Trait ratted heretnata.
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Tice Grantor may revoke or amend INS Amman and the Trust mated
hervieda by a written and acknowledged instrument. Th right to revoke or amend the
That shall be a personal risked eke Orator sod may not be exorcised on his behalf by
any gnartlhot, conservator. cominittee ot other sorb entity.
ThiS.A,greethag Ste Mist mated hereunder dell become hal/Gable
and unamendable upon the Vain:Ws death.
MIR
This Agreement and. the Trust hereby mated shall be construed and
regulated by the Imo( the State of New York.
This Agreement and the'frust errata: he may the
referred to as The'Hoe Theta,
IN MIMS WSW, the nadersigred haveexecuted this Agreement
as of the day and year first shove mitten.
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KRYLKLIA
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STATE OF PI )
COUNTY OF N )
On
peanonuity
EPSTEItNo,t k nntohew e1n .tikdthyno ofn ed Rot iavw , i19d9n4 u a clain lt* ..IE inFE aRnEYdv eE.t o
anmhttdoh ec e
executed the futtgebt luctoreeot, and duly ecktiowledged to me that he executed the
.34074.
RMAYL86115d1
n.affseci
ransaista i.gima
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