Estate of Eugene E. Stone, III, Deceased, C. Rivers Stone, E.E. Stone, IV, Mary Stone Fraser & Rosalie Stone Morris, Co-Personal Representatives - Page 42

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               Stone equal to any future gifts made from such column                  
               8, 9, and 10 assets in the Exhibit “A” Chart, before                   
               calling on the other three children for parental care                  
               contributions, with each Child agreeing to contribute a                
               pro rata share of any remaining shortfall from either                  
               personal assets, or * * * assigned income rights from                  
               his or her respective Limited Partnership Interests.                   
               Provided however, that any further gifts made from such                
               assets now shown on the chart shall first be offset by                 
               contributions of Jack Stone Family Limited Partnership.                
                  *       *       *       *       *       *       *                   
                         In order to protect Mary Fraser on the Cedar                 
               Mountain Division, a provision will be included in the                 
               Family Settlement Agreement recognizing the Children’s                 
               agreement that Mary Stone Fraser or her Limited Part-                  
               nership will receive the 1,045.415-acre * * * parcel                   
               * * * and that the remainder interest in the remaining                 
               582.672 acres will be given to one or more 501-C-3                     
               charitable organizations recommended by Mary Fraser                    
               which are mutually agreeable to Mr. Stone and the other                
               Children, with Mr. Stone retaining a life estate in the                
               582.672 acres.  The Children shall use their reasonable                
               best efforts to encourage Mr. Stone to convey the                      
               582.672-acre Cedar Mountain property remainder interest                
               according to the foregoing provision.                                  
                         The Family Settlement Agreement will acknowl-                
               edge that in the event Mr. Stone executes a new Will,                  
               Codicil or other agreement which does not conform to                   
               the distribution outlined in the Chart, the Children                   
               nonetheless agree to abide by the terms of such distri-                
               bution in the Chart as a Family Settlement Agreement                   
               pursuant to SC Code Sec. 62-3-1101, et seq.; and * * *                 
               to include whatever provisions are necessary to pre-                   
               serve any applicable marital deductions.                               
               The 1996 amendment to the 1994 plan for settlement also                
          provided in part as follows:                                                
                    9.   The Family Estate Plan set forth herein                      
               represents a compromise by the parties.  There shall be                
               no implementation of the Family Estate Plan * * *                      
               unless and until there is an agreement between the                     
               parties [in the litigation among the children] to an                   
               Amended and Restated Plan for Settlement.                              

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Last modified: May 25, 2011