The Travis Texas Amendment to Trust Agreement is a legally binding document that modifies or supplements the original trust agreement between Polaris Industries, Inc. and Fidelity Management Trust Company. This amendment serves to update or clarify specific provisions within the agreement to meet new requirements or address changing circumstances. The main purpose of the Travis Texas Amendment to Trust Agreement is to ensure that the trust's objectives remain aligned with the interests and goals of both parties involved. It may include changes related to the trust's governance structure, distribution of assets, trustee powers, beneficiary designations, or other significant provisions. Types of Travis Texas Amendments to Trust Agreement can vary depending on the specific changes being made. Some common types include: 1. Amendment to Distribution Provisions: This type of amendment may be necessary when there is a need to modify the distribution rules for assets held in the trust. For example, the parties may adjust the timing or amounts of distributions to beneficiaries or alter the order in which different assets are distributed. 2. Amendment to Trustee Designation: If there is a change in the trustee or a desire to appoint additional co-trustees, an amendment to the trust agreement may be required. This type of amendment ensures that the correct individuals or entities are responsible for managing the trust's assets. 3. Amendment to Beneficiary Designation: In some cases, the trust creators may wish to add or remove beneficiaries or adjust their respective shares. This type of amendment allows for modifications to the list of individuals or organizations that will ultimately receive assets from the trust. 4. Amendment to Trust Purpose: Trusts are usually established for specific purposes, such as charitable endeavors or providing for future generations. If there is a need to alter the original purpose of the trust, an amendment can be made to reflect the new intentions. Each type of Travis Texas Amendment to Trust Agreement is tailored to address specific concerns or changes to the trust arrangement. It is crucial to consult legal professionals specializing in trust law to ensure that these amendments comply with all relevant regulations and meet the best interests of both Polaris Industries, Inc. and Fidelity Management Trust Company.