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SCHEDULEEdinburgh Merchant Company

Part VIEndowments trust

C. Fraser Trust

Rights of occupants of Sir William Fraser Homes

117(1)The endowments trust may transfer the occupants of any house, whether elected before or after the commencement of this Order to any other house, in conformity with any scheme of division of the houses agreed between the Fraser trustees and the endowments trust:

Provided that an occupant elected by the Fraser trustees shall not be so transferred without the consent of the Fraser trustees.

(2)Occupants shall occupy the houses allocated to them during the pleasure of the endowments trust:

Provided the right of occupancy of any occupant elected by the Fraser trustees may not be terminated without the consent of the Fraser trustees.

(3)For the purposes of this section “house” means any house forming part of the Sir William Fraser Homes.