WE, JOSEPH J. ALLAIRE, OF WEST NEWTON, MASSACHUSETTS, AND BARBARA ALLAIRE, OF NEWTON, MASSACHUSETTS, ARE THE SOLE TRUSTEES OF THE NEW AMERICAN HORIZONS FOUNDATION ESTABLISHED UNDER A DECLARATION OF TRUST DATED JULY 17, 2009 (THE "TRUST"). PURSUANT TO ARTICLE FOURTH OF THE TRUST, WE HAVE THE POWER TO TERMINATE THE TRUST AND TO DISTRIBUTE THE TRUST PROPERTY AS THEN CONSTITUTED, BOTH PRINCIPAL AND UNDISTRIBUTED INCOME, TO SUCH CHARITABLE ORGANIZATIONS AND FOR SUCH TAX EXEMPT PURPOSES DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS WE, IN OUR SOLE DISCRETION, SHALL DETERMINE. HAVING DETERMINED, IN OUR DISCRETION, THAT IT IS IMPRACTICABLE TO CONTINUE THE TRUST, WE HEREBY EXERCISE SUCH POWERS OF TERMINATION AND DIRECT THAT ALL OF THE REMAINING PRINCIPAL AND ACCRUED AND UNDISTRIBUTED INCOME OF THE TRUST (LESS A RESERVE OF $3,500.00 FOR PROFESSIONAL FEES) AS LISTED ON SCHEDULE A ATTACHED HERETO, BE DISTRIBUTED OUTRIGHT TO LA COLABORATIVA (FORMERLY KNOWN AS CHELSEA COLLABORATIVE INC.), OF CHELSEA, MASSACHUSETTS, FOR ITS GENERAL USE AND PURPOSES. LA COLABORATIVA IS DESCRIBED IN INTERNAL REVENUE CODE SECTIONS 501(C)(3), 170(C)(2), 2055(A) AND 2522(A).
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