1993-10-01_GENERAL DOCUMENTS - C1981017

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4.2.3 Property Taxco. Property tranofcrrcd to the Crcditoro' Truot ohall bc oubject to real and peroonal property taxco, which ohall be paid at the timc of sale of thc property, ao a coot of Gale, or at ouch earlier time ao might bc deemed advisable in thc diocrction of thc Truotcc. 6.2.4 Transfer Frcc of Licno and Claims. Property transferred to the Crcditoro' Truot ohall bc tranofcrrcd frcc and clear of licno and claim°, except for the statutory lien of real property taxes. Administration of Creditors' Trust. The Creditors' Trust shall be administered by a Creditors' Trustee, appointed purouant to Section 1123(a)(7) of the Bankruptcy Codc, and supervised by two Creditors' Representatives. (i) One Creditors' Representative shall be selected by Sanwa, and the other shall be selected by the Official Creditors' Committee appointed in thc Caoothree largest Class 9 claimants. (ii) The Creditors". Trustee shall be selected by the Creditors ' and may be removed by the Creditors' Representatives in the exercise of their reasonable discretion. (iii) The Debtor offers to have Louis M. LaGiglia, the Debtor's Vice-President and Treasurer, and a Certified Public Accountant, serve as Creditors' Trustee. If the Creditor Representatives Mr. LaGiglia to serve as Trustree, he shall serve without compensation. (iv) If both Creditors' Representatives wish to have an individual other than Mr. LaGiglia serve as reditore: Trustee, then, unless otherwise agreed among the Creditors' Trustee and the Creditor Representatives, the Creditors' Trustee shall be entitled to reasonable compensation for services performed, and such compensation shall be charged Pro Rata against the distributions to Sanwa and Class 9. (v) If one but not both Creditors' Representatives wishes to have an individual other than Mr. LaGiglia serve as Creditors'. Trustee, then an -12-