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2.5 M&M. The Trustees shall have full and complete power. (i) to pay all taxes or
<br />assessments, of whatever kind of nature, validly and lawfully imposed upon or against the 4M Fund
<br />or the Trustees in connection with the 4M Fund Property or upon or against the 4M Fund Property
<br />or income or any part thereof; 00 10 settle and compromise disputed tax liabilities; and (iii) for
<br />the foregoing purposes to make such returns and do all such other acts and things as may be
<br />deemed by the Trustees to be necessary or desirable.
<br />2.6 J&ightj as Hg1ders of 4M Fund Pro2grty. The Trustees shall have full and complete
<br />power to exercise on behalf of the Participants all of the rights, powers and privileges appertaining
<br />to the ownership of all or any Permitted Investments or other property forming part of the 4M
<br />Fund Property to the same extent that any individual might, and, without limiting the generality of
<br />the foregoing, to vote or give any consent, request or notice or waive any notice either in person
<br />or by proxy or power of attorney, with or without the power of substitution, to one or more
<br />Persons, which proxies and powers of attorney may. be for meetings or actions generally, or for any
<br />particular meeting or action, and may include the exercise of discretionary powers.
<br />2.7 Relegation; CWmitUn, The Trustees shall have full and complete power (consistent
<br />with their continuing exclusive authority over the management of the 4M Fund, the conduct of its
<br />affairs, their duties and obligations as Trustees, and the management and disposition of 4M Fund
<br />Property), tD delegate from time to time to such one or more of their number (who may be
<br />designated as constituting a committee of the Trustees as provided in Section 9.9 hereof) or to
<br />officers, employees or agents of the 4M Fund (including, without limitation, the Administrator, the
<br />Adviser and the Custodian) the doing of such acts and things and the execution of such instruments
<br />either in the name of the 4M Fund, or the names of the Trustees or as their attorney or attorneys,
<br />or otherwise as the Trustees may from time to time deem expedient and appropriate in the further-
<br />ance of the business affairs and purposes of the 4M Fund.
<br />2.E Mection. The Trustees shall have full and complete power. (i) to collect, sue for,
<br />receive and receipt for all sums of money or other property due to the 4M Fund; (ii) to consent to
<br />extensions of the time for payment, or to the renewal of any securities, investments or obligations;
<br />(ui) to engage or intervene in, prosecute, defend, Compromise, abandon or adjust by arbitration or _
<br />otherwise any actions, snits, proceedings, disputes, claims, demands or things relating to the 4M
<br />Fund Property; (iv) to foreclose any collateral, security or instrument securing any investments,
<br />notes, bills, bonds, obligations or contracts by virtue of which any sums of money are owed to the
<br />4M Fund; (v) to exercise say power of ale held by them, and to convey good tide hereunder free
<br />of any and all trusts, and is connection with any such foreclosure or sale, to purchase or otherwise
<br />acquire title to any property; (vi) to be parties to reorganisation and to transfer to and deposit
<br />with any corporation, committee, voting trustee , or other Person any secwities, investments or
<br />Obligations of any person which form a part of the 4M Fund Property, for the purpose of such
<br />reorganisation or otherwise; (vii) to participate in any arrangement for enforcing or protecting the
<br />interests of the Trustees as the owners or holders of such securities, investments or obligations and
<br />to pay any assessment levied in connection with such reorganization or arrangement; (viii) to
<br />extend the time (with or without security) for the payment or delivery of any debts or property
<br />and to execute and enter into releases, agreements and other instruments, and (ix) to pay or satisfy
<br />any debts or claims upon any evidence that the Trustees shall deem sufficient.
<br />2.9 Pavweent of Expenses. The Trustees shall have full and complete power. (i) to
<br />incur and my any chuges or expenses which in the opinion of the Trustees are necessary or
<br />incidental to or proper for carrying out any of the purposes of this Declaration of Trust; (ii) to
<br />reimburse others for the payment therefor, and ('iii) to pay appropriate compensation or fees from
<br />the funds of the 4M Fund to Persons with whom the 4M Fund has contracted or transacted
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