J & C Findlay Charitable Foundation

THE TRUSTEES SHALL HOLD THE TRUST FUND AND THE INCOME THEREOF (INCLUDING ANY INCOME ACCRUING OR ACCRUED BUT NOT RECEIVED AT THE DATE OF SETTLEMENT) 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 OTHER EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES IN THE UNITED KINGDOM OR IN ANY OTHER PART OF THE WORLD AS THE TRUSTEES SHALL IN THEIR DISCRETION THINK FIT PROVIDED ALWAYS THAT NOTHING CONTAINED HEREIN 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 CHARITABLE BY THE LAWS OF ENGLAND AND WALES.