Estate of Charles Porter Schutt, Deceased, Charles P. Schutt, Jr., and Henry I. Brown III, Co-Executors - Page 9

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               relating to buying, selling, leasing, exchanging,                      
               mortgaging, or pledging property held in such trust,                   
               and participation in incorporations, reorganizations,                  
               consolidations, liquidations, or mergers, only upon the                
               written direction of the advisor of such trust or of                   
               the Committee, as the case may be.                                     
                         *    *    *    *    *    *    *                              
                    Notwithstanding the previous provisions of this                   
               Article, if at any time during the administration of                   
               any trust hereunder, the advisor or Committee fail to                  
               communicate in writing to Trustee any direction or                     
               disapproval with respect to Trustee’s exercise of any                  
               power requiring the direction of the advisor or                        
               Committee within fifteen (15) days after trustee has                   
               sent a written request for such direction to the                       
               advisor’s or Committee members’ last known address by                  
               registered or certified mail (but Trustee shall not be                 
               required to take the initiative to seek any such                       
               direction), then Trustee is authorized to take such                    
               action in the matter as it, in its sole discretion,                    
               deems appropriate.                                                     
          The will further directed that the direction adviser and                    
          Committee members exercise their functions in a fiduciary                   
          capacity.                                                                   
          Trust 11258-3                                                               
               As previously indicated, Mrs. Schutt’s death was also                  
          significant with respect to the structure of a second trust                 
          directly relevant to the factual background of this proceeding.             
          On January 16, 1976, Mrs. Schutt had established a revocable                
          trust, which was subsequently amended by supplemental trust                 
          agreements dated April 9, 1976, June 6, 1979, December 30, 1982,            









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