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III and/or Allene W. Stone shall, after pay-
ment of estate taxes and expenses of adminis-
tration, be distributed equally to the four
Children or that Child’s estate, subject,
however, to the provision that the decedent’s
interest in each of the Children’s Limited
Partnerships shall be distributed directly to
the Child for whose Partnership such interest
is held.
C. FAMILY SETTLEMENT AGREEMENT
The Children and Grandchildren (or their
guardians ad litem) and the Stone Foundation
(if necessary) have executed a Family Settle-
ment Agreement (pursuant to S.C. Code � 62-3-
1101 et seq.) which provides for a division
inter se [sic] of the estates of E.E. Stone,
III and Allene W. Stone in the manner set
forth in this Section III in the event E.E.
Stone, III or Allene W. Stone fail to main-
tain their Wills in the same manner. The
Family Settlement Agreement acknowledges that
in the event E.E. Stone, III executes a new
Will, Codicil or other agreement which does
not conform to the distribution outline in
the “Stone Family Limited Partnership Distri-
bution Schedule” dated April 3, 1997 and
attached hereto as Exhibit “J” (“the Chart”)
and in this Amended Plan, the Children none-
theless agree (a) the distribution outlined
in such Chart and in this Amended Plan is
fair and equitable; (b) to abide by the terms
of such distribution as a Family Settlement
Agreement pursuant to South Carolina Code �
62-3-1101, et seq.; and (c) to include what-
ever provisions are necessary to preserve any
applicable marital deductions. * * *
* * * * * * *
E. STONE FOUNDATION
The Stone Foundation shall be divided
into four separate, equal, and entirely inde-
pendent foundations with each Child (and/or
designee) as one of the trustees(s) of one
separate foundation, but with 20% of the
required income to be distributed by E.E.
Stone, III to his favorite church, and/or
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