The Longford Charitable Trust

THE TRUSTEES SHALL HOLD THE TRUST FUND AND THE INCOME THEREOF [INCLUDING ANY INCOME ACCRUING OR ACCRUED AT THE SETTLEMENT BUT NOT RECEIVED BY THE PERSON SETTLING THE SAME] UPON TRUST TO PAY OR APPLY THE SAID INCOME AND [IF AND SO OFTEN AS THE TRUSTEES THINK FIT] THE WHOLE OR SUCH PART OR PARTS OF THE CAPITAL OF THE TRUST FUND AS THEY SHALL IN THEIR DISCRETION THINK FIT TO OR FOR THE BENEFIT OF SUCH EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES [WHICH WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING TERMS SHALL INCLUDE ANY CHARITABLE TRUSTS INSTITUTIONS FOUNDATIONS OR OTHER ORGANISATIONS] IN THE UNITED KINGDOM OR IN ANY OTHER PART OF THE WORLD AS THE TRUSTEES SHALL IN THEIR DISCRETION THINK FIT PROVIDED THAT NOTHING CONTAINED IN THIS DEED SHALL AUTHORISE THE TRUSTEES TO APPLY ANY PART OF THE TRUST FUND OR THE INCOME THEREOF TO OR FOR THE BENEFIT OF ANY OBJECTS OR PURPOSES AS AFORESAID SAVE THOSE REGARDED AS EXCLUSIVELY CHARITABLE UNDER THE LAW OF ENGLAND AND WALES.