Trust Indenture

Trust Indenture xxESTxxxxxx

THIS CONTRACT (“Agreement”) is made on this 16th day of December, 2024, by and between the Trustee of JOHN DOE Express Settlors Trust, hereinafter referred to as the ” EST” “TRUST,” or “JSEST” and AR Person of Choice in care of Street., City, State, near [zip], hereinafter “Authorized Representative,” and collectively referred to as the “Parties.”

WITNESSETH:
WHEREAS, the TRUST has certain duties, responsibilities, and obligations which the TRUST desires to delegate to another, specifically to the Authorized Representative for a twenty-five (25) year limited period of time, and on the terms and conditions, and for the consideration hereinafter set forth; AND WHEREAS, the Authorized Representative is qualified to provide such management services and desires to provide such services to the TRUST on such terms and conditions and for such consideration.

NOW THEREFORE, in consideration of the foregoing and the covenants and agreements contained herein, the receipt and sufficiency of which are hereby acknowledged, and the Parties hereto, intending to be lawfully and legally bound, agree as follows:

STATEMENT OF AGREEMENT

ARTICLE I
AFFILIATION AND DUTIES

1.1 Affiliation; Effective Date.

The Trustee agrees to engage the services of the Authorized Representative, and Authorized Representative agrees to provide services to the TRUST, commencing as of the date of this Agreement subject to the terms and conditions of this Agreement.

1.2 Position.

The TRUST shall engage the services of AR Person of Choice in the position of Authorized Representative. As such, the Authorized Representative shall have the responsibilities, duties, and authority enumerated under the Articles of Indenture (Trust Indenture No. random#) of the TRUST as well as those customarily pertaining to such position consistent with such a Trust Organization and such other services as may be requested of the Authorized Representative by the TRUST.

1.3 Primary Duties and Services.

(i)The EST hereby appoints the Authorized Representative to be the day-by-day manager with respect to any and all dealings, business or otherwise, the TRUST may have. The EST does so for the purpose of providing for a day-by-day manager to be solely responsible for any and all activities of the TRUST.

(ii) The Authorized Representative agrees to serve in said position and to perform diligently and to the best of Authorized Representative’s abilities said duties and services referred to in Section 1.2, and in such a manner as the Authorized Representative deems advisable within the parameters established and acceptable to the TRUST, as well as, such additional duties and services appropriate to such position which the Parties mutually agree upon from time to time.

(iii) The Authorized Representative shall have the ability and authority to perform such duties in accordance with the Authorized Representative’s sole judgment and discretion.

(iv) The Authorized Representative shall be solely responsible for obtaining and maintaining all appropriate information concerning the day-by-day, as well as business plans and future activities of the TRUST.

(v) The PST does hereby transfer all absolute authority to the Authorized Representative to manage the business and day to day operating affairs of the TRUST.

1.4 Other Interests.

During the period of time as set forth in this Agreement, the Authorized Representative shall have full discretion to devote as much time and effort in performing his/her duties as the Authorized Representative deems necessary in order to carry out and maximize Authorized Representative’s performance hereunder. The Authorized Representative may engage, directly or indirectly, in other related business’ that do not conflict with the Authorized Representative’s duties hereunder and/or the business of the TRUST. The foregoing limitations shall not prohibit the Authorized Representative from serving in other capacities for other organizations, or on the boards of other organizations, provided that the Authorized Representative’s service in such other capacities for such other organizations and/or on such boards is not adverse to the interests of the TRUST.

1.5 Independent Status.

The Authorized Representative shall be maintained as an independent contractor for purposes of taxation and liability. The Authorized Representative shall be solely responsible for any and all withholding of applicable tax, as well as, any and all other contractor-related expenses.

1.6 Primary Office Location.

The Authorized Representative shall perform his or her duties at any location which he/she deems appropriate, but shall represent the address of the TRUST as the Primary Office Location for any and all accounts, transactions, and business of the TRUST, as well as for all expenses incurred by the TRUST. The Authorized Representative shall represent the address of the TRUST as his/her official Primary Office Location for all such purposes.

1.7 Bank and Other Financial Accounts.

The Authorized Representative shall have the ability and authority to open bank and other financial accounts in the name of the TRUST, and to obtain any and all services with any institutions the Authorized Representative may deem necessary and beneficial to the TRUST. All monies for accounts of the TRUST shall be maintained by the Authorized Representative.

1.8 Contracting.

Authorized Representative has the ability to bind the TRUST in any manner, and in his/her sole discretion, without prior notification to the TRUST.

1.9 Business and Other Materials.

The Authorized Representative shall have sole discretion in the production and/or distribution of all such materials representational of the TRUST’s business and other interests, including but not limited to, any stationary or business cards representing the TRUST.

ARTICLE II

TERM, DURATION, AND TERMINATION

2.1 Term.

The Authorized Representative’s affiliation by the TRUST shall commence on the effective date as set forth in Article 1, Section 1.1. The Authorized Representative shall perform his duties for a period of twenty-five (25) years or until termination by either of the Parties as herein provided. The Authorized Representative Contract is automatically terminated upon the Authorized Representative’s death, sale of TRUST business, or all of the TRUST’s assets, leaving the TRUST with nothing of value. This Contract can only be terminated by a determination of malfeasance by a Judge of a court of competent jurisdiction, or by a determination of mental incompetence of the Authorized Representative by a recognized medical authority appointed by such a Judge.

2.2 The Parties’ Right to Terminate.

The provisions of this article are in no way intended to take away or otherwise waive any rights that the TRUST may have under the law. The Parties shall have the right to terminate this Agreement at any time with sixty (60) days prior written notice for “Cause,” which for the purposes of this Agreement shall mean (A) the Authorized Representative’s dishonesty or fraud with respect to the reputation and/or affairs of the TRUST which materially and adversely affects the business and other relations of the TRUST, provided the Authorized Representative fails to cure such ill repute within a reasonable period of time; or (B) a material breach by the Authorized Representative or the TRUST of this Agreement or any other agreement by and between the Authorized Representative and the TRUST, provided either party fails to cure such breach, if curable, within thirty (30) days of receipt of written notice thereof. Upon Termination of this contract for any reason the current or resigning Authorized Representative can only be replaced by the first in line Successor Authorized Representative. This shall in no way affect or preclude the consummation of any transaction, which was effected prior to such termination.

ARTICLE III

COMPENSATION AND MANAGING FEES

3.1 Managing Fee.

The TRUST shall pay the Authorized Representative a management fee of a share of beneficial units of interest in the trust comensurate with ($1,000) dollars. This fee is payable upon the acceptance of this contract and is payable each month thereafter, deferred until a, to be determined future date, as a, function of the assets the EST will acquire. All checks must be made payable to the current Authorized Representative. The amount of this fee shall increase in proportion to the assets in the TRUST, or by written consent and approval of the Trustee.

4.4 Withholding Taxes.

The TRUST shall not withhold from any compensation made to the Authorized Representative, pursuant to this Agreement, any applicable taxes as may be required pursuant to any law; Authorized Representative is not to be deemed an employee of the TRUST.

4.5 Headings.

Paragraph headings have been inserted for purpose of convenience
and shall not be used for interpretive purposes.

4.6 Modification.

Any modification of this Agreement shall be effective only if in writing and agreed to by the Parties in writing.

4.7 Acknowledgement of Notary

IN WITNESS WHEREOF, the parties hereto mutually and individually agree to the above enumerated terms and conditions, and do hereby enter into this Contract on the date first written above.

 

AUTHORIZED REPRESENTATIVE: TRUST:

 

_______________________________ _____________________________
AR Person of Choice John Doe, Trustee

 

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On this 16th day of December, 2024 A.D., before me, a Notary Public, came John Doe (Trustee) and AR Person of choice , now Authorized Rerpresentative and acknowledged the signing thereof to be his voluntary act and deed. IN TESTIMONY WHEREOF, I hereunto subscribe my name and affix my notarial seal on the day and date aforesaid.

__________________________________ Notary Public

My Commission Expires:_________________________

(stamp) (seal)