Estate of Eugene E. Stone, III, Deceased, C. Rivers Stone, E.E. Stone, IV, Mary Stone Fraser & Rosalie Stone Morris, Co-Personal Representatives - Page 35

                                       - 20 -                                         
                         and Allene W. Stone; Rosalie Morris and E.E.                 
                         Stone, IV shall each receive one-fourth (�)                  
                         of Cedar Mountain.  Notwithstanding the fore-                
                         going, neither Mary Fraser, Jack Stone [Eu-                  
                         gene Earle Stone, IV], nor Rosalie Morris                    
                         shall be entitled to receive more than one-                  
                         fourth (�) of the total value of the net                     
                         estates after estate taxes.  The parties will                
                         use their best efforts to agree on the dimen-                
                         sions and appurtenances to the same prior to                 
                         the final Court approval of the settlement.                  
                  *       *       *       *       *       *       *                   
                         Any disagreement over the provisions in this                 
                         Section VI shall be submitted to binding                     
                         arbitration before the American Arbitration                  
                         Association or before an arbitrator appointed                
                         by the Probate Court of South Carolina.                      
                  *       *       *       *       *       *       *                   
               VII. IMPLEMENTATION AND JURISDICTION                                   
                  *       *       *       *       *       *       *                   
                    B.   CONTINUING JURISDICTION                                      
                              The Probate Court * * * shall maintain                  
                         continuing jurisdiction to resolve any dis-                  
                         putes which shall arise during the implemen-                 
                         tation and enforcement of this settlement                    
                         agreement. * * *                                             
               The 1994 plan for settlement also provided in part as                  
          follows:                                                                    
               THE FOUR CHILDREN UNDERSTAND THAT ANY RESOLUTION OF THE                
               ESTATE ISSUES MUST INCLUDE A COMPLETELY DEFINITIVE                     
               APPROACH TO THE DIVISION OF THE ASSETS OF THE PARENT’S                 
               [sic] ESTATES.  THE SETTLEMENT SHALL NOT BE FINALIZED                  
               UNTIL THE CHILDREN HAVE DETERMINED THE WILLINGNESS OF                  
               THEIR FATHER TO ADDRESS THESE ESTATE ISSUES AND ANY                    
               CHILD MAY REFUSE TO FINALIZE THE AGREEMENT IF E.E.                     
               STONE, III REFUSES TO MAKE THE CHANGES TO HIS ESTATE                   
               PLAN PROVIDED FOR HEREIN. * * *                                        
          The parties in the litigation among the children included the               





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Last modified: May 25, 2011