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EXHIBIT 10.5 TRUST UNDER SEMELE GROUP, INC. INCENTIVE COMPENSATION PLAN This Agreement is by and between Semele Group, Inc. ("Semele") and Boston Private Bank and Trust Company as Trustee ("Trustee"); WHEREAS, Semele has adopted a certain Incentive...Semele Group Inc • March 30th, 1998 • Real estate investment trusts • Massachusetts
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