Page 104 - Combined file Solheim
P. 104

Life Interest in Nutley Place School Lane Nutley EastSusse� TN22 3PG
                                                                            .
                        In this clause:

                         6.1.1    "the Life Tenant" shall mean my partner Sigve Solheim  otherwise known as Sig

                         6.1.2    "the Property Trustees" shall mean my Trustees for the time being

                         6.1.3    "the  Trust  Period"  shall  mean  four  years  from  the  date  of my death  or  until
                                  Joshua and Blaize attain the age of 18 years old whichever the earlier or until the
                                  future marriage or civil partnership of the Life Tenant or earlier if he starts living
                                  together with someone as husband and wife or with any person(s) other than my
                                  children Samuel, Thomas, Blaize and Joshua.

                         6.1.4    "the  Trust  Fund"  shall  mean  my  share  of my  property  whether  leasehold  or
                                  freehold which I own at the date of my death and known as Nutley Place School
                                  Lane Nutley East Sussex TN22 3PG free of any mortgage debt or charge secured
                                  thereon  together  with  the  furniture  carpets  curtains  and  other  articles  of
                                  household use or ornament therein not otherwise specifically gifted by my Will
                                  or any codicil but if such property does not form part of my Estate I give instead
                                  the property which  I  owned and last used as my principal residence before my
                                  death.

                         6.1.5    "interest in possession" shall have the same meaning it  has for the  purposes of
                                  the  Inheritance  Tax  Act  1984  (or  any  statutory  provision  which  amends  or
                                  replaces it and which is in force at my death or thereafter).

               6.2      I give the Trust Fund to the Property Trustees to hold upon the following trusts.

               6.3      The  Property  Trustees  shall pay  the income of the  Trust  Fund to  the  Life  Tenant for  the
                        Trust Period if the Life Tenant shall survive me by 30 days.

               6.4      The Property Trustees may at any time or times during the Trust Period as to the whole or
                        any  part  of the  Trust  Fund in which the  Life  Tenant  has  for  the  time  being  an  interest  in
                        possession lend money  or  assets comprised in the  Trust Fund to  the  Life  Tenant  on such
                        terms  (whether  including provision for  the  payment of interest)  as  the  Property Trustees
                        think fit.

               6.5      I declare that  in exercising the powers conferred upon the Property Trustees in clause 6.4
                        above  the Property  Trustees shall  be entitled  to  have regard solely to  the  interests of the
                        Life Tenant and to disregard all other interests or potential interest under my Will.

               6.6       Subject as above the Property Trustees shall permit the  Life Tenant to occupy or  use rent
                        free any property or assets which or the beneficial interest in which  is  for the time being
                        comprised  in  the  Trust  Fund  subject  to  those  conditions  for  the  payment  of outgoings
                         insurance  repair  decoration  and  other  matters  as  the Property  Trustees shall  from time to
                        time consider reasonable.

               6. 7      Subject as above the Property Trustees shall hold the capital and income of the Trust Fund
                        for my son Samuel  Michael  Anthony  Siggers, my son Thomas Mark  Anthony  Siggers,  my
                        daughter  Blaize  Octavia  Darcy  Louise  Siggers  and  my  son  Joshua  Nicholas  Anthony
                         Siggers which shall be held by those beneficiaries who are living at the end of the trust in
                         equal  shares and  if any of them  shall  fail  to obtain a vested interest leaving issue who are
                        living at the end of the trust then such issue shall take by substitution such failed share and


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