Estate of Constance R. Grant - Page 3




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                    3.  Trust and Successor Trustee.  So long as I am                  
               alive and competent, I shall serve as Trustee of the                    
               Trust Estate.  In the event of the death or resignation                 
               of the Donor [decedent] as Trustee, or if the Donor’s                   
               personal physician certifies in writing to the Donor’s                  
               children, PRESTON WALKER GRANT, JR. and KATHRYN LYNN                    
               GRANT ADAMS, that, in his judgment, the Donor is physi-                 
               cally or mentally unable to administer the Trust Es-                    
               tate, then PRESTON WALKER GRANT, JR., KATHRYN LYNN                      
               GRANT ADAMS and DONALD R. WILSON, shall serve as Suc-                   
               cessor Trustees.  If the Donor’s physician subsequently                 
               certifies in writing to the Successor Trustees that the                 
               donor has recovered and is currently mentally and                       
               physically able to serve as Trustee, the appointment of                 
               the Substitute Trustee shall terminate and the Donor                    
               shall be restored as Trustee.                                           
                 *       *       *       *       *       *       *                     
                    4.  Revocation.  I hereby reserve the right at any                 
               time, and from time to time, during my lifetime, to                     
               revoke the Trust Estate, in whole or in part, or to                     
               change, alter, modify or amend any of the terms and                     
               provisions hereof, and to withdraw all funds and other                  
               property, in whole or in part, without the consent of                   
               any other person.                                                       
                  *       *       *       *       *       *       *                    
                    7.  Distribution of Income and Principal During My                 
               Lifetime.  During my lifetime, I shall have the power                   
               to withdraw any part or all of the net income and                       
               principal of the Trust.  Any net income not withdrawn                   
               shall be added to the principal.                                        
                  *       *       *       *       *       *       *                    
                    8.  Distribution on Death.  Upon my death, the                     
               “Net Assets” (as hereinafter defined) of the Trust                      
               Estate shall be distributed by my Successor Trustee to                  
               my children PRESTON WALKER GRANT, JR. and KATHRYN LYNN                  
               ADAMS, in equal shares per stirpes, whereupon this                      
               trust shall terminate.                                                  
                         (a)  My Successor Trustees, in their sole                     
               discretion, are authorized to distribute the Net Assets                 
               of the Trust Estate to my children in kind or in cash,                  





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Last modified: May 25, 2011