The Ranald and Jennifer May Charitable Trust

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For the purposes of implementing the provisions of Clause 4. hereof:Until the Termination Date, the Trustees shall from time to time and at any time in their uncontrolled discretion, but subject always to the discretionary powers conferred on them under Clause 7 hereof, pay or apply the capital or the income of the Trust Fund, in sums of such amount as the Trustees in their absolute discretion may decide, in anyone or more or all of the following ways, videlicet:-(a) To or for the benefit of such one or more Charitable Institution or Charitable Institutions as the Trustees in their uncontrolled discretion may from time to time select. or(b) In implementing or assisting to implement any charitable purpose or charitable purposes which the Trustees in their uncontrolled discretion may from time to timeby Minute resolve upon.

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