DECLARATION OF TRUST

ESTABLISHING THE
MASONRY INDUSTRY LABOR MANAGEMENT COOPERATION TRUST
THIS TRUST is established effective as of the 1st day of July 2008, by the authorized
representatives of the Northern California PCC/Restoration Contractors' Association Inc. (referred to as
"NCPCCA"), the Northern California Mason Contractors Association (referred to as the "NCMCA"), the Mason
And Builders Association Of California Inc. (referred to as the "MBAC") and the Mason Contractors Association
of Central California (referred to as the"MCACC") and the Bricklayers and Allied Craftworkers Local Union No. 3
CA, IUBAC, AFL-CIO (referred to as the "Union").
This Declaration of Trust is executed for the purpose of, among others, carrying out certain provisions of
the collective bargaining agreements to which any Association and the Union are signatory. Said collective
bargaining agreements are referred to herein as the "CBAs." The property and funds that become the subject of this
Declaration of Trust shall constitute the trust fund, and shall be held, administered and distributed by the Trustees as
hereinafter provided.
ARTICLE I
THE TRUST
Section 1.1 NAME: The Trust created in accordance with this Declaration of Trust shall be known as the
MASONRY INDUSTRY LABOR MANAGEMENT COOPERATION TRUST.
Section 1.2 PURPOSE: This Trust is created for the purpose of establishing a fund to be used for the
purpose of promoting labor-management cooperation, furthering employment opportunities in the masonry industry
and any and all other purposes permitted by the provisions of 302(c)(9) of the Labor Management Relations Act of
1947, as amended, 29 U.S.C. 186(c)(9) and 6(b) of the Labor Management Cooperation Act of 1978.
Section 1.3 TAX EXEMPT STATUS: The Trust established by this Declaration of Trust is intended to
qualify as an exempt organization under the provisions of the Internal Revenue Code of 1954 and the California
Revenue and Taxation Code.
ARTICLE II
DEFINITIONS
When used herein, the following words shall have the following meanings, unless the context clearly
indicates otherwise:
Section 2.1 - The term "Collective Bargaining Agreements" includes:
(a) The CBAs described in the preamble to this Declaration of Trust. This shall include any
collective bargaining agreement between the Union and the Northern California Masonry Contractors'
Multi-Employer Bargaining Association, an unincorporated association consisting of the NCMCA and the
MBAC.
(b) Any other collective bargaining agreements between the Union and any Individual Employer
or association of employers which provides for the making of employer contributions to this Trust, subject
to approval of the Trustees as herein provided.
(c) Any extensions, amendments, modifications or renewals of any of the above described
agreements, or any substitute or successor agreements to them which provide for the making of employer
contributions to this Trust.
Section 2.2 - The term "Individual Employer" means any individual employer (including any individual,
partnership, corporation, joint venture or other entity) which is required by any of the Collective Bargaining

Declaration of Trust
Masonry Industry Labor Management Cooperation Trust

Agreements to make contributions to the Trust or which in fact makes one or more contributions to the Trust.
Section 2.3 - The term "Associations" means the Northern California PCC/Restoration Contractors'
Association Inc., the Northern California Mason Contractors Association, the Mason And Builders Association Of
California Inc., and the Mason Contractors Association of Central California, collectively. When used in the
singular, the term "Association" shall mean the Northern California PCC/Restoration Contractors' Association Inc.,
the Northern California Mason Contractors Association, the Mason And Builders Association Of California Inc.,
and the Mason Contractors Association of Central California, individually.
Section 2.4 - The term "Employee" means any employee of an Individual Employer who performs one or
more hours of work covered by any of the Collective Bargaining Agreements.
Section 2.5 - The term "Union" means the Bricklayers and Allied Craftworkers Local Union No.3 CA,
IUBAC, AFL-CIO.
Section 2.6 - The term "Trustees" means those individuals appointed by the Associations or Union who
have consented to act as Trustees pursuant to the provisions of this Declaration of Trust, and their successor
Trustees.
Section 2.7 - The term "Declaration of Trust" or "Trust Declaration" means this trust document and any
modifications, amendments, extensions or renewals thereof.
Section 2.8 - The term "Contribution" means the payment made or to be made to the Trust by any
Individual Employer under the provisions of any of the Collective Bargaining Agreements.
ARTICLE III
TRUSTEES
Section 3.1 BOARD OF TRUSTEES: This Trust shall be administered by a Board of Trustees which shall
consist of five (5) Trustees representing the Individual Employers ("Employer Trustees") and five (5) Trustees
representing the Employees ("Employee Trustees"). The Trustees representing the Individual Employers shall be
appointed in writing by the Associations, which are hereby irrevocably designated by each Individual Employer as
his or its attorney-in-fact for the purpose of appointing and removing Trustees and successor Trustees. The
NCPCCA shall appoint one Trustee, the NCMCA shall appoint two Trustees, the MBAC shall appoint one Trustee
and the MCACC shall appoint one Trustee, for a total of five Trustees representing the Individual Employers, by an
instrument in writing signed by the appropriate officer of the appointing Association. The five Trustees
representing the Employees shall be appointed by the Union by an instrument in writing signed by the appropriate
officer of the Union. The Associations and the Union expressly designate the Trustees jointly as named fiduciaries,
who shall have exclusive authority and discretion acting as the Board of Trustees as herein provided to control and
manage the operation and administration of the Fund.
The Trustees shall select one of their number to act as Chairman of the Board of Trustees and one to act as
Co-Chairman, to serve for such period as the Trustees shall determine. When the Chairman is selected from among
the Associations' Trustees, the Co-Chairman shall be selected from among the Employee Trustees, and vice versa.
Section 3.2 QUALIFICATION OF AND ACCEPTANCE BY TRUSTEES: Each of the current Trustees
expressly accepts designation as a fiduciary and as Trustee by written acceptance and signature of this Declaration
of Trust and assumes the duties, responsibilities and obligations of the Trustees as created and established by this
Declaration of Trust and under applicable law. Any Trustee named hereafter shall do likewise by signing the Trust
Declaration or a written acceptance thereof, in a form approved by and filed with the Board of Trustees.
Each Trustee appointed by the Associations shall serve for a term determined by the Associations, or if
sooner than the end of the term, until his death, resignation or removal from office. Each Trustee appointed by the

Declaration of Trust
Masonry Industry Labor Management Cooperation Trust

Union shall serve for a term determined by the Union, or if sooner than the end of the term, until his death,
resignation or removal from office.
Trustees appointed by any Association may only be those persons who are at the time of their appointment
or previously were owners or employees of an Individual Employer or who are at the time of their appointment or
previously were the officers or directors of an Individual Employer. Trustees appointed by the Union may only be
those persons who are at the time of their appointment or previously were employees or officers of the Union or who
are at the time of their appointment or previously were employees of an Individual Employer.
Section 3.3 REMOVAL: Any Associations Trustee may be removed from office at any time, for any
reason, by a writing signed by that Association which appointed the Trustee to be removed and served on the
Secretary of the Board of Trustees. Any Employee Trustee may be removed from office at any time, for any reason,
by a writing signed by the appropriate officer of the Union and served on the Secretary of the Board of Trustees. The
Secretary shall promptly notify in writing the Chairman and Co-Chairman of the Board, the Trustee being removed,
and the Union or Associations as the case may be, of such removal.
Section 3.4 REIMBURSEMENT OF EXPENSES OF TRUSTEES: The Trustees shall serve without
compensation from the Trust but shall be entitled to receive the actual and reasonable expenses incurred by them in
administering this Trust
ARTICLE IV
POWERS. DUTIES AND LIABILITIES OF TRUSTEES
Section 4.1 AUTHORITY TO CARRY OUT TRUST PURPOSES: The Board of Trustees shall have full
power and authority to carry out a program to fulfill the purposes of this Trust. Included in such power, but not by
way of limitation, shall be:
a) The authority to select and appoint an administrator to act as agent of the Trust and to be
responsible for the day-to-day operation of the Trust.
(b) To pay for and provide for reports of the activities of the Board of Trustees in furtherance of
the purposes of the Trust.
(c) To retain service providers to advise and assist the Trustees in carrying out the purposes of the
Trust.
Section 4.2 RECORDS AND REPORTS OF TRUSTEES: The Trustees shall keep true and correct books
of accounts and records of all its transactions.
Section 4.3 SPECIFIC POWERS OF TRUSTEES: In addition to the powers enumerated elsewhere in this
Declaration of Trust, or granted to the Trustees by law, the Trustees shall have the following powers affecting the
Trust and the Fund:
(a) To collect, receive, hold and disburse all sums of money which are payable to the Trust.
(b) To deposit any moneys received by the Trust in such banks or trust companies as the Trustees
may designate for that purpose. Withdrawals from said bank accounts shall be made or authorized by the
Trustees. The Trustees may in their discretion establish such other special payroll or administrative
expense accounts as they shall deem necessary to facilitate the administration of the Trust.
(c) To payout of the Fund all costs incurred in establishing the Trust and such other sums as may
be necessary for the purpose of the Trust and the administration of the Trust, including the fees of legal
counsel and other experts engaged by the Trustees.
(d) To manage, control, sell, convey, exchange, partition, subdivide, divide, improve or repair any
and all property of the Fund and in connection with any disposable property, to grant options and sell upon
deferred payments. Further, upon termination of this Trust, to forthwith sell any and all property of the
Fund and convert the same to cash.
(e) To invest or reinvest such portions of the Fund as are not required for the current expenditures

Declaration of Trust
Masonry Industry Labor Management Cooperation Trust

or reserves in such manner as may be legal for the investment of trust funds under federal law and the laws
of the State of California and including without limitation, the acquisition of every kind of property, real,
personal or mixed, and every kind of investment which qualifies under the federal prudent man rule;
provided, however, the Trustees shall make no investment which will remove the qualification of this Trust
as a tax exempt, non-profit trust under federal and state tax laws. No investment shall be made by the
Trustees in any property of any kind in which the Trustees, any Individual Employer, any Association, or
the Union has any interest.
(f) To establish an administrative office or to lease, contract for, purchase or otherwise secure
premises necessary for such purposes or to delegate to any administrative office functioning under any trust
fund agreements in the industry, the record keeping or other functions necessary for this Fund and in such
event to pay that portion of the expense of said administrative function which, in the opinion of the
Trustees, is fair and reasonable.
g) To maintain any and all actions or legal proceedings which may be deemed necessary for the
protection of the Trust, the Fund, or the Trustees, or which may be necessary to secure the payment of
employers contributions to the Trust or to effectuate the administration of the Trust, or in connection
therewith, to compromise, settle, or release claims on behalf of or against the Trust or the Trustees.
(h) To adopt rules and regulations for the administration of the Trust.
(i) To enter into any and all contracts and agreements for the purpose of carrying out the terms of
this Trust and for the administration hereof.
(j) To provide for the payment of all real and personal property taxes and other taxes and
assessments of any and all kinds levied or assessed under existing or future laws upon or in respect to the
Trust or any money or property forming a part thereof.
(k) To establish and accumulate such reserve funds as are reasonably necessary to carry out the
purposes of this Trust, providing the non-profit and tax exempt status of the Trust are not adversely
affected thereby.
(l) The Trustees shall continue in office after the termination of the Trust with full powers to
operate the Fund until all assets are exhausted or disposed of for Trust purposes as provided herein.
(m) The discretionary authority of this Trust conferred upon the Trustees shall, unless specifically
limited, be absolute. The enumeration of certain powers and discretion of the Trustees is not to be
construed as limiting their general powers and discretion and the Trustees are hereby vested with and have,
as to the Trust and Fund, and in the execution of this Trust (but subject at all times to any specific
provisions and limitations contained in this instrument), all powers and discretion that an absolute owner of
property has or may have.
ARTICLE V
PROCEDURE OF BOARD OF TRUSTEES
Section 5.1 The Board of Trustees shall determine the time and place for regular periodic meetings of the
Board. Either the Chairman or the Co-Chairman, or any four (4) members of the Board, may call a special meeting
of the Board by giving written notice to all other Trustees of the time and place of the meeting at least five (5) days
before the date set for the meeting. Any notice of a special meeting shall be sufficient if sent by ordinary mail or
electronically addressed to the Trustee at his address as shown in the records of the Board. Any meeting at which a
quorum of Trustees are present, or any meeting for which all Trustees have waived notice in writing, shall be a valid
meeting without the giving of any notice. A quorum shall consist of at least two (2) Employer Trustees and two (2)
Employee Trustees. The Trustees may also act without a meeting by written instrument executed by all Trustees.
Section 5.2 The Board shall appoint a secretary who shall keep minutes or records of all meetings,
proceedings and acts of the Board. The minutes need not be verbatim.
Section 5.3 The Board shall not take any action or make any decision on any matter coming before it or
presented to it for consideration or exercise any power or right given or reserved to it or conferred upon it by this
Trust Declaration except upon the vote of the Trustees at a meeting of the Board duly and regularly called or except

Declaration of Trust
Masonry Industry Labor Management Cooperation Trust

by the signed concurrence of the Trustees without a meeting, as provided in Section 5.1 of this Article. The Trustees
designated by the Associations shall vote as one unit by majority vote of the members of that unit who are voting on
that matter. The Trustees designated by the Union shall vote as one unit by majority vote of the members of that unit
who are voting on that matter. Any Trustee may give a written proxy to another Trustee who is a member of the
same unit.
Section 5.4 All meetings of the Board shall be held at the principal office of the Trust unless another place
is designated by the Board.
Section 5.5 RESOLUTION OF DISPUTES: In the event that the Trustees designated by the Associations
and the Union deadlock on the administration of the Fund, and no neutral person is empowered by the Trustees to
break such deadlock, the Trustees shall agree upon an impartial arbitrator to decide such dispute. In the event of
their failure to agree within a reasonable length of time upon the selection of an impartial arbitrator, the Trustees
designated by the Associations or the Trustees designated by the Union shall request a list of seven (7) arbitrators
(who are both Northern California residents and members of the National Academy of Arbitrators) from the
California State Mediation and Conciliation Service. Each side shall alternately strike a name until only one name
remains, who shall decide such dispute. It shall be determined by lot which side shall strike first.
ARTICLE VI
LIABILITIES OF TRUSTEES
Section 6.1 ACTS OF AGENTS: The Trustees shall not be liable to any third person for the acts or
omissions of any agent who has been selected with reasonable care.
Section 6.2 EXCULPATION OF TRUSTEES: In no event shall the Trustees be liable for any breach of
trust unless the Trustees have acted in bad faith or have been guilty of willful misconduct in acting with reckless
indifference to the interest of the Trust and the Fund.
Section 6.3 INDEMNIFICATION: The Trustees shall be indemnified by the Trust against all costs and
expenses, including attorneys' fees, reasonably incurred by or imposed upon them or in connection with or arising
out of any claim, demand, action, suit or proceeding in which the Trust or the Trustees may be involved or to which
said Trustees may be a party by reason of their status as Trustees of this Trust. The expenses covered by this
indemnification shall include the cost of reasonable settlement made with a view to curtailment of costs and
expenses as a result of litigation; provided, however, that this indemnification shall not include any matters as to
which the Trustees shall finally be adjudged in any action, suit or proceeding, to have been guilty of misfeasance,
fraud, or willful misconduct in the performance of their duties as Trustees.
Section 6.4 ADVICE OF LEGAL COUNSEL: The Trustees may secure the advice of legal counsel on any
matter involving the administration or operation of the Fund. The opinion of counsel in writing approving the
legality or validity of the matter under consideration shall be a full protection and justification to the Trustees for
anything done or omitted to be done in good faith and in accordance with and in reliance upon such opinion.
Section 6.5 SCOPE OF OBLIGATION: The duties and responsibilities and liabilities of the Trustees
hereunder shall be determined solely by the express provisions of this Trust Declaration, and no further duties,
responsibilities or liabilities shall be implied or imposed.
Section 6.6 IMMUNITY OF ASSOCIATIONS AND UNION: Neither the Associations nor the Union nor
any Individual Employer shall be liable in any respect for any of the obligations of the Trustees, nor for the validity
of this Trust Declaration.

Declaration of Trust
Masonry Industry Labor Management Cooperation Trust

ARTICLE VII
EMPLOYER CONTRIBUTIONS
Section 7.1 RATE OF CONTRIBUTIONS: Each Individual Employer shall contribute to the Trust Fund
the amount specified in any applicable Collective Bargaining Agreement to which it is bound.
Section 7.2 TIME OF CONTRIBUTIONS AND REPORTS: Contributions shall be due and payable by the
Individual Employer on or before the 15th day of each month covering hours worked by each Employee through the
end of the prior calendar month. Each Individual Employer shall file a monthly report in the form established by
the Trustees and such report shall be filed regardless of whether the Individual Employer has employed any
employees in the month covered by the report.
Section 7.3 DELINQUENCIES: Any Individual Employer who fails to report or to make contributions due
to the Trust before the 15th day of the month in which said contribution is due shall be considered delinquent and,
thereafter, obligated and liable and subject to the following:
(a) It is agreed that timely payment to the Trust Fund is essential for the execution of the purposes
of the Trust for which time is of the essence, and that delinquent contributions entail additional trust
administration expenses. Since the exact amount of monetary damages to the Trust and the additional cost
of trust administration are impossible to measure, liquidated damages for delinquent contributions shall be
assessed as follows: For any amount which is delinquent the amount of damage to the Trust resulting from
any such failure shall be presumed to be the sum of $100.00 per delinquency, or 20% of the amount of the
contribution or contributions due, whichever is greater, which amount shall become due and payable to the
Trust as liquidated damages, and not as a penalty, upon the day immediately following the date on which
the contribution or contributions became delinquent. The Employer shall remain liable for the payment of
such liquidated damages even if it makes full payment of the delinquent contributions. Such liquidated
damages shall be in addition to said delinquent contribution or contributions, interest on the total amount
(the delinquent contribution plus the liquidated damages attributable thereto) from date due at the rate of
10% per annum, and any and all reasonable costs of whatever nature incurred in collecting delinquent
contributions, including, but not limited to, attorney's fees.
(b) Each delinquent Individual Employer shall pay to the Fund pre-judgment interest at the rate
often percent (10%) per annum and liquidated damages from the first day of the month following the month
in which said payments were due and until the same are paid.
( c) The Trustees may, after an Individual Employer is delinquent or refuses to produce records for
audit, instruct legal counsel to institute legal action to enforce collection or to obtain such records. An
Individual Employer who is delinquent or refuses to produce records for audit shall pay all reasonable
attorneys' fees, court costs and other expenses incurred in the enforcement of collection or production of
records from such Individual Employer, whether or not formal legal proceedings are initiated. Each
Individual Employer shall make all applicable books and records available for such any audit requested by
the Trustees. Collection actions may be brought by the Trustees in the name of the Trust or in the name of
the Trustees or in the name of an assignee.
(d) The Union may remove Employees covered by any Collective Bargaining Agreement from
employment with a delinquent Individual Employer, provided notice of such action is given not less than
24 hours in advance thereof to the delinquent Individual Employer, provided that such action is consistent
with and permitted by the applicable Collective Bargaining Agreement. Such removal of employees and
cessation of work by Employees for such delinquent Individual Employer may continue until the Trustees
or the administrators of the Trust verify that any money owing to the Trust by such Individual Employer
has been paid or otherwise accommodated.
(e) Any Individual Employer may be absolved from any or all of the foregoing liabilities and
liquidated damages if such Individual Employer satisfies the Trustees that he failed to pay any contribution
or was delinquent with respect thereto or with respect to any report because of an honest mistake, clerical
error or other reason satisfactory to the Trustees.
(f) The acceptance of any contributions from any Individual Employer shall not release or

Declaration of Trust
Masonry Industry Labor Management Cooperation Trust

discharge such Individual Employer from his obligation to contribute for all hours worked under any
Collective Bargaining Agreement for which no contribution has actually been received, notwithstanding
any statement, restriction or qualification appearing on any check from any Individual Employer.
Section 7.4 REPORTS ON CONTRIBUTIONS: Each Individual Employer shall make such reports and
statements to the Trustees with respect to the amounts and the calculation of any and all contributions required of
said Individual Employer as the Trustees may deem necessary or desirable. The Trustees may, at any reasonable
time during normal business hours, audit or cause an audit or inspection to be made of the records of any Individual
Employer which may be pertinent in connection with the determination of the proper amounts of said Individual
Employer's contributions. In the event that an audit discloses that an Individual Employer has failed to report and
pay to the Trust all hours worked and amounts owed, the Individual Employer shall be liable for the costs of the
audit in addition to any other costs incurred by the Trust as described in Section 7.3 of this Declaration of Trust.
ARTICLE VIII
LIABILITIES AND RIGHTS
Section 8.1 NON-LIABILITY FOR CO-EMPLOYERS: No Individual Employer shall be liable for any
payment to the Trust required of any other Individual Employer, and neither the Associations, the Union, nor the
Trustees shall be liable for any such payment which is required of any Individual Employer. No Individual
Employer shall be required to make contributions to the Trust or pay any expenses in connection therewith, except
as provided by the terms of a Collective Bargaining Agreement, and except as provided by this Declaration of Trust.
Neither the Individual Employer, the Associations, the Union, nor the Trustees shall be personally liable for any
debts or obligations of the Trust. No Individual Employer shall have any right to the return of any money paid by
him into the Trust, unless he demonstrates to the Trustees that such payment resulted from clerical error and the
Trustees consent to the return.
Section 8.2 PERSONS DEALING WITH TRUST: No person dealing with the Trustees or with this Trust
shall be obligated or required to investigate or inquire as to the uses or purposes to which the assets of the Trust, or
any part thereof, is being applied by said Trustees or to see that the terms of this Trust have been or are being
complied with. Every instrument executed by the Trustees or at their discretion shall be conclusive in favor of every
person relying thereon that at the time of delivery of said instrument the Trust was in full force and effect, that said
instrument was executed in the manner required by the terms of this Declaration of Trust, and that the Trustees had
the authority to execute said instrument.
ARTICLE IX
TERMINATION
Section 9.1 The parties hereto contemplate that new Collective Bargaining Agreements will be entered into
by and between the Associations and the Union from time to time after the effective date of this Trust, which said
agreements may contain provisions requiring contributions to this Trust by Individual Employers. This Trust shall
continue during such period of time as may be necessary to carry out the provisions of any such Collective
Agreement or other Collective Bargaining Agreements. The termination of any such Collective Bargaining
Agreement, without extension or renewal, shall not terminate this Trust, but the Trust shall continue for such time as
shall be necessary to wind up the affairs of the Trust. This Trust may be terminated, however, by action of the
Board of Trustees and, in accordance with the directions of the collective bargaining parties, pursuant to the terms of
the Collective Bargaining Agreements.
Section 9.2 USE OF FUNDS ON TERMINATION OF TRUST: Any and all assets remaining in the Trust
after the termination of the Trust shall be used by the Trustees solely for the purposes set forth herein, and for

Declaration of Trust
Masonry Industry Labor Management Cooperation Trust

expenses of administration incident thereto.

ARTICLE X
AMENDMENTS
Section 10.1 TRUST IS IRREVOCABLE: This Declaration of Trust is irrevocable, except as otherwise
provided herein.
Section 10.2 RESERVED RIGHT OF AMENDMENT: The Board of Trustees shall have the power to
amend this Declaration of Trust, including, without limitation, amendments required to obtain and to retain the tax
exempt status of the Trust, and the deductibility for tax purposes of the Employers' contributions thereto, and to
amend or cancel any such amendment.
Section 10.3 METHOD OF AMENDING TRUST: This Declaration of Trust may be amended in any
respect not specifically prohibited herein from time to time by a written instrument executed by the Board of
Trustees. Any such instrument constituting an amendment shall be annexed hereto.
Section 10.4 LIMITATIONS ON RIGHT TO AMEND: No amendment may be made to this Declaration of
Trust which will alter the basic principles or purposes of the Trust, or be in conflict with the then existing Collective
Bargaining Agreements with the Union, or be contrary to any then applicable law or governmental regulation.
ARTICLE XI
MISCELLANEOUS PROVISIONS
Section 11.1 FEDERAL AND CALIFORNIA LAW: This Declaration of Trust has been executed in the
State of California and all matters affecting its validity and construction shall be determined by applicable federal
law, and, to the extent not preempted, by California law.
Section 11.2 UNENFORCEABLE PROVISIONS: If any provision of this instrument shall for any reason
be invalid or unenforceable, the remaining provisions shall, nevertheless, be carried into effect.
Section 11.3 AGREEMENT BINDING UPON SUCCESSORS: This Declaration of Trust shall be binding
upon the successors and assigns of the parties hereto.
Section 11.4 MASCULINE GENDER INCLUDES FEMININE: The use of the masculine pronoun shall be
construed to include the feminine and neuter whenever appropriate.
Section 11.5 HEADINGS: Headings of Articles and Sections contained in this instrument are used for
convenience in reference. They constitute no part of this agreement.
Section 11.6 RULE AGAINST PERPETUITIES: In no event shall the Trust established by this Declaration
continue for a period longer than that permitted by any applicable rule against perpetuities or law against the
suspension of the power of alienation.
///
///

Declaration of Trust
Masonry Industry Labor Management Cooperation Trust

Declaration of Trust
Masonry Industry Labor Management Cooperation Trust

10