that then it shall and may bee lawfull for the rest of the sayd Gouernour and companie of marchants of Leuant, presently to expell, remooue, and displace euery such person so refusing, or not bearing or paying out, of, and from the sayd Corporation, and companie, and from all priuilege, libertie, and preheminence which any such person should, or might claime, or haue by vertue of this our graunt, and in place of them to elect others exercising the lawfull trade of marchandise to bee of the sayd Company.  And that euery such person so expelled, remooued, or displaced by consent of the sayd Gouernour and companie of marchants of Leuant, or the more part of them, shall bee from thencefoorth vtterly disabled to take any benefite by vertue of this priuilege, or any time after to bee admitted or receiued againe into the same, any thing in these presents contained to the contrary notwithstanding.

Provided alwayes, that if it shall hereafter appears to vs, our heires and successours, that this graunt or the continuance thereof in the whole or in any part thereof, shall not bee profitable to vs, our heires and successours, or to this our realme, that then and from thencefoorth, vpon and after eighteene moneths warning to bee giuen to the sayd companie by vs, our heires and successours, this present graunt shall cease, bee voyd, and determined to all intents, constructions and purposes.

And further of our speciall grace, certaine knowledge, and meere motion, we haue condescended and graunted, and by these presents for vs, our heires and successors, doe condescend and graunt to the sayde Gouernour and companie of marchants of Leuant, that if at the ende of the sayd terme of twelue yeeres it shall seeme meete and conuenient to the sayde Gouernour and Companie, or any the parties aforesayd, that this present graunt shall bee continued:  And if that also it shall appear vnto vs, our heires and successours, that the continuance thereof shall not bee preiudiciall or hurtfull to this our realme, but that wee shall finde the further continuance thereof profitable for vs, our heires and successours and for our realme with such conditions as are herein mentioned, or with some alteration or qualification thereof, that then wee, our heires and successours at the instance and humble petition of the sayde Gouernour and Companie, or any of them so suing for the same, and such other person and persons our subiectes as they shall nominate and appoint, or shall bee by vs, our heires and successours newly nominated, not exceeding in number twelue, new letters patents vnder the great seale of England in due forme of lawe with like couenants, graunts, clauses, and articles, as in these presents are contained, or with addition of other necessarie articles or changing of these in some partes, for, and during the full terme of twelue yeeres then next following.  Willing now hereby, and straightly commannding and charging all and singular our Admirals, Vice-admirals, Iustices,