Page 3 - ABSA Trust

at the DEATH OF THE SURVIVOR.

4. TRUST PROVISIONS

Should any of our beneficiaries not yet have attained the age of 21 years, we direct that the inheritance of such
a beneficiary shall be administered in trust by our trustee.

Should there however be insufficient cash in the inheritance or should it not be possible to generate sufficient
cash from the specific inheritance in order to clear the administration costs of the trust for the duration of the

trust, the inheritance of the beneficiary shall not be administered in trust by our trustee. The inheritance of the
beneficiary shall in such case be dealt with in accordance with the provisions stipulated by the Master of the
High Court.

The following powers and duties are granted to and imposed upon the trustee:

4.1 To accept, control and administer any assets.

4.2 To, should there during the existence of the trust be insufficient cash to clear the administration costs of the
trust for the duration of the trust, collect such shortfall from the trust beneficiary. Should it not be possible for
the trustee to collect such shortfall or to sell assets to the effect, we direct that the trustee may terminate the

trust. The inheritance of the beneficiary shall in such case be dealt with in accordance with the provisions
stipulated by the Master of the High Court.

4.3 To let or alienate the assets and to lease or purchase any movable or immovable property, at the discretion of
the trustee, in the best interest of the trust.

4.4 To invest any cash in such manner as the trustee may deem in the best interest of the trust, without being

restricted to recognised trustee securities. The trustee is also empowered to call up any investments and
reinvest the proceeds in accordance with the foregoing provisions.

4.5 To, for the benefit of the trust beneficiary and in order to carry out the conditions of this trust, borrow money
and furnish security for the proper repayment thereof, including the power to pledge or mortgage any assets of
the trust.

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Witness Testator

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Witness Testatrix

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