Common use of Key Provisions Clause in Contracts

Key Provisions. 1. In exercise of the powers contained in the Declaration and all other relevant powers (if any), the Trustees hereby lend the Sum to the Beneficiary (the ‘Loan’) (as the Beneficiary by his signature to this Deed acknowledges) on the following terms. 2. The Loan shall be interest free but repayable on the demand in writing of the Trustees. 3. Where the Loan has been demanded but remains unpaid interest shall accrue and be payable on the sum outstanding from and including the date of demand up to the date of actual payment at a rate equivalent to the Base Rate of the Bank of England from time to time in force from the date upon which the same fell due until payment. The interest shall accrue from day to day. of 20 Address Postcode Date of Birth SCHEDULE 1 Sum Loaned Please insert the sum you intend to loan to the Beneficiary. Please insert details of the Declaration of Trust as indicated. Parties to the original Trust Deed: Please insert the names of the Settlor/Donor/ Grantee and the Additional Trustees. Name of Company: Please insert Canada Life International Assurance (Ireland) DAC Please leave boxes blank if not required. Date: Please add the date of signature. Once all the parties have signed, the last date on which a person signed should be inserted as the date of this Agreement in the box on page 2. The sum of £ Name of Trust Trust Name of Company Policy Numbers SCHEDULE 2 Details of the Declaration Parties to original Trust Date of Trust Description of original Trust property Trustee 3 Beneficiary Trustee 4 1. Signed by the said Trustee (full name) 2. Signature 3. Date of Signature 1. Signed by the said Trustee (full name) 2. Signature 3. Date of Signature 1. Signed by the said Beneficiary (full name) 2. Signature 3. Date of Signature

Key Provisions. 1. In exercise of the powers contained in the Declaration and all other relevant powers (if any), the Trustees The Lender hereby lend lends the Sum to the Beneficiary theTrustees (the ‘Loan’) (as the Beneficiary theTrustees by his their signature to this Deed acknowledgesacknowledge) on the following terms. 2. Where there is more than one person comprising the Lender, the Loan shall be deemed to have been provided by them in equal shares unless otherwise indicated in Clause 1 of Part B. 3. The Loan shall be interest free but repayable on the demand in writing of the TrusteesLender. 34. Where the Loan has been demanded but remains unpaid interest shall accrue and be payable on the sum outstanding from and including the date of demand up to the date of actual payment at a rate equivalent to the Base Rate of the Bank of England from time to time in force from the date upon which the same fell due until payment. The interest shall accrue from day to day. 5. The liability of 20 Address Postcode Date aTrustee in respect of Birth SCHEDULE 1 Sum Loaned the Loan shall not exceed the value of theTrust Fund (as defined in the Declaration) from time to time. 6. However, aTrustee who distributes capital to a Beneficiary of the Declaration (as defined in the Declaration) shall continue to be liable in respect of the Loan to the extent of such distribution unless: (i) the Lender agrees otherwise; or (ii) that Beneficiary agrees to repay to the Lender on demand an amount equal to the distribution. Please insert the sum you intend to loan to the BeneficiaryTrustees. The sum of £ Please insert the details of the Declaration of Trust as indicated. Parties to the original Trust Deed: Please insert the names of the SettlorSettlor/ Donor/Donor/ Grantee and the Additional Trustees. Name of Company: Please insert Canada Life International Legal & General Assurance (Ireland) DAC Society Limited. SCHEDULE 2 Details of the Declaration Name of Trust Trust Name of Company Policy Numbers Parties to originalTrust Date of Trust Description of original Trust property Please read all the margin notes before signing and leave boxes blank if not required. Date: Please add If there is no Second Lender then leave the date of signaturebox blank. The Lender (and any Second Lender) do not need to sign again in theTrustee boxes if they have signed the Lender box(es) above. Once all the parties have signed, the last date on which a person signed should be inserted as the date of this Agreement in the box on page 2. 1. The sum of £ Name of Trust Trust Name of Company Policy Numbers SCHEDULE 2 Details of Signed by the Declaration Parties to original Trust said Lender (full name) 2. Signature 3. Date of Trust Description of original Trust property Trustee 3 Beneficiary Trustee 4Signature 1. Signed by the said Trustee (full name) 2. Signature 3. Date of Signature 1. Signed by the said Trustee (full name) 2. Signature 3. Date of Signature 1. Signed by the said Beneficiary (full name) 2. Signature 3. Date of Signature