93359899 Irrevocable Trust Agreement

8/13/2019 93359899 Irrevocable Trust Agreement

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IRREVOCABLE TRUST AGREEMENT

THIS IRREVOCABLE TRUST AGREEMENT made and entered into at _________,_________ on _________, 19__, b and bet!een _________, o" _________, #ereina"ter$a%%ed t#e GRANTOR and _________, or it& &'$$e&&or, a& Tr'&tee, #ereina"ter $a%%ed t#e

TRUSTEE(

)ITNESSETH*

)HEREAS, t#e Grantor #ereb irre+o$ab% tran&"er& and de%i+er& to t#e Tr'&tee $ertainin&'ran$e o%i$ie& de&$ribed in S$#ed'%e -A- #ereto anne.ed to be #e%d in tr'&t/ and

)HEREAS, t#e Grantor #a& irre+o$ab% tran&"erred to t#e Tr'&tee $ertain ot#er a&&et& a&&et "ort# in S$#ed'%e -A- #ereto anne.ed/

NO), THERE0ORE, in $on&ideration o" t#e m't'a% $o+enant& and areement& $ontained

#erein, it i& areed t#at t#e Tr'&tee a%% #o%d and admini&ter a%% a&&et& !#i$# ma $omeinto t#i& tr'&t in a$$ordan$e !it# t#e term&, ro+i&ion& and $ondition& o" t#e !it#in Tr'&tAreement(

ARTICLE ONE(GENERAL 2ROVISIONS RELATING TO GRANTOR AN3 TRUSTEE

A( Irre+o$abi%it* T#i& Tr'&t Areement a%% be irre+o$ab%e, and neit#er t#e Grantor noran ot#er er&on a%% #a+e t#e ri#t or o!er to a%ter, amend or re+o4e an o" t#e term&,$ondition& or ot#er ro+i&ion& o" t#i& Tr'&t in !#o%e or in art(

B( Ri#t to Add 2roert* T#e Grantor or an ot#er er&on ma at an time $a'&eadditiona% rea% or er&ona% roert to be added to t#e $or'& o" t#i& Tr'&t b deed, inter+i+o& tran&"er, La&t )i%% and Te&tament or ot#er!i&e, and t#e Tr'&tee a%% #o%d, admini&terand di&trib'te a%% &'$# additiona% roert a$$ordin to t#e term& and $ondition& o" t#i&areement(

C( 2o%i$ie& o" In&'ran$e*

1( T#e Tr'&tee i& #ereb +e&ted !it# a%% ri#t, tit%e and intere&t in and to an o%i$ o"in&'ran$e !#i$# #a& been or !i%% be irre+o$ab% a&&ined to &aid Tr'&tee 5'r&'ant to t#i&Areement6, and i& a't#ori7ed and emo!ered to e.er$i&e and en8o, "or t#e 'ro&e& o"t#e tr'&t #erein $reated and a& ab&o%'te o!ner o" an o%i$ o" in&'ran$e, a%% o" t#e otion&,bene"it&, ri#t& and ri+i%ee& 'nder an o%i$, in$%'din t#e ri#t to borro! 'on and%ede &ame "or a %oan or %oan&( An in&'ran$e $oman !#i$# #a& or !i%% i&&'e a o%i$ o"in&'ran$e !#i$# be$ome& art o" t#e tr'&t e&tate i& #ereb a't#ori7ed and dire$ted tore$oni7e t#e Tr'&tee a& ab&o%'te o!ner o" &aid o%i$, "'%% entit%ed to a%% otion&, ri#t&,ri+i%ee& and intere&t& 'nder &'$# o%i$, and an re$eit&, re%ea&e& and ot#er in&tr'ment&e.e$'ted b t#e Tr'&tee in $onne$tion !it# an o%i$ a%% be bindin and $on$%'&i+e'on t#e in&'ran$e $oman and 'on a%% er&on& intere&ted in t#i& tr'&t( T#e Grantor


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#ereb re%in'ie& a%% ri#t& and o!er& in an o%i$ o" in&'ran$e "ormin a art o" t#etr'&t e&tate and !i%%, at t#e re'e&t o" t#e Tr'&tee, e.e$'te an and a%% in&tr'ment&rea&onab% re'ired to e""e$t'ate t#i& re%in'iment(

:( T#e Tr'&tee a%%, to t#e e.tent t#e a&&et& o" t#e tr'&t ermit, a t#e remi'm& !#i$#

ma be$ome d'e and aab%e 'nder t#e ro+i&ion& o" an o%i$ o" in&'ran$e "ormin aart o" t#e tr'&t e&tate( I" t#e a&&et& o" t#e tr'&t do not ermit &'$# ament o" remi'm&,t#e Tr'&tee a%% be 'nder no ob%iation to a t#e remi'm& !#i$# ma be$ome d'e andaab%e 'nder t#e ro+i&ion& o" an o%i$ o" in&'ran$e "ormin a art o" t#i& tr'&t e&tate,or to ma4e $ertain t#at &'$# remi'm& are aid b t#e Grantor or ot#er&, or to noti" aner&on& o" t#e nonament o" &'$# remi'm&, and it a%% be 'nder no re&on&ibi%it or%iabi%it o" an 4ind in t#e e+ent &'$# remi'm& are not aid, e.$et t#at it a%% a% andi+idend& re$ei+ed on an o%i$ to t#e ament o" remi'm& t#ereon( Uon noti$e, at antime d'rin t#e $ontin'an$e o" t#i& tr'&t, t#at t#e remi'm& d'e 'on an o%i$ are inde"a'%t, or t#at remi'm& to be$ome d'e !i%% not be aid, b t#e Grantor, t#e Tr'&tee oran ot#er er&on, t#e Tr'&tee, in it& &o%e di&$retion, ma a% an $a +a%'e& attrib'tab%e

to an o%i$ to t#e 'r$#a&e o" aid;' in&'ran$e or o" e.tended in&'ran$e, or ma borro!'on an o%i$ "or t#e ament o" remi'm& d'e t#ereon, or ma a$$et $a +a%'e& o"an o%i$ 'on it& "or"eit're( I" t#e Grantor be$ome& tota%% and ermanent% di&ab%ed,!it#in t#e meanin o" an o%i$ "ormin art o" t#e tr'&t e&tate, and a& a re&'%t t#ereo" t#eament o" remi'm& or an o" t#em a%% d'rin t#e enden$ o" &'$# di&abi%it be!ai+ed, t#e Tr'&tee, 'on re$eit o" &'$# 4no!%ede, a%% romt% noti" t#e in&'ran$e$oman !#i$# #a& i&&'ed an o%i$, and a%% ta4e an and a%% &te& ne$e&&ar to ma4e&'$# !ai+er o" remi'm ro+i&ion e""e$ti+e(


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d't to maintain or enter into an %itiation 'n%e&& it& e.en&e&, in$%'din $o'n&e% "ee& and$o&t&, #a+e been ad+an$ed or 'aranteed in an amo'nt and in a manner rea&onab%&ati&"a$tor to it( T#e Tr'&tee ma rea an ad+an$e& made b it or reimb'r&e it&e%" "oran &'$# "ee& and $o&t& o't o" an rin$ia% or in$ome o" t#i& tr'&t(

3( Ri#t to Loan A&&et&* T#e Tr'&tee ma, in it& ab&o%'te and 'n$ontro%%ed di&$retion, %oana&&et& !it# ade'ate intere&t and &e$'rit, a& t#e Tr'&tee determine&, to t#e e&tate o" t#eGrantor, to t#e e&tate o" t#e Grantor& &o'&e, or to t#e e&tate o" an bene"i$iar o" an tr'&t"'nd $reated #erein( T#e roriet o" t#e %oan, t#e amo'nt o" t#e %oan and intere&t$#areab%e t#ereon, and t#e &e$'rit "or t#e %oan a%% be &o%e% !it#in t#e di&$retion o" t#eTr'&tee, and t#e Tr'&tee a%% in$'r no %iabi%it a& a re&'%t o" &'$# %oan or b t#e de"a'%t inreament o" &'$# %oan in !#o%e or in art(

ARTICLE T)O(3IS2OSITION O0 TRUST ESTATE 0OR GRANTORS S2OUSE

A( 3'rin t#e Li"e o" t#e Grantor& So'&e*

1( T#e entire net in$ome re$ei+ed b t#e Tr'&tee 5a"ter ament o" a%% admini&trati+eob%iation& or remi'm& on %i"e in&'ran$e o%i$ie&, i" an6, a%% be aid to, or "or t#ebene"it o" _________, &o'&e o" t#e Grantor, i" %i+in, in mont#% or ot#er $on+enientin&ta%%ment& d'rin #er %i"etime(

:( 0'rt#ermore, t#e Tr'&tee i& a't#ori7ed to a to, or "or t#e bene"it o", t#e Grantor&&o'&e and i&&'e o" t#e Grantor, &'$# ortion& o" t#e rin$ia% o" t#i& tr'&t, !#et#er t#e!#o%e or a %e&&er amo'nt, a& t#e Tr'&tee a%%, "rom time to time, determine to be ne$e&&arin it& ab&o%'te and 'n$ontro%%ed di&$retion "or #er #ea%t#, maintenan$e, &'ort anded'$ation, in a$$ordan$e !it# #er &tation in %i"e, d'e reard bein i+en b t#e Tr'&tee tot#e amo'nt o" in$ome a+ai%ab%e to #er "rom t#i& tr'&t, and "rom &o'r$e& ot#er t#an t#i& tr'&t(It i& t#e Grantor& intention t#at t#e #ea%t#, maintenan$e and &'ort o" t#e Grantor& &o'&ea%% be o" rimar $on$ern, and t#e Tr'&tee a%% e.er$i&e it& di&$retion in '&in rin$ia%"or t#e Grantor& &o'&e in a rea&onab%e manner $on&i&tent !it# maintainin t#ea$$'&tomed manner o" %i+in o" t#e Grantor& &o'&e, $on&iderin a%% ot#er bene"i$iarie& o"t#i& tr'&t to be &e$ondar and !it#o't %iabi%it to an ot#er bene"i$iar "or t#e '&e o"rin$ia% "or t#e Grantor& &o'&e(

ARTICLE THREE(3IS2OSITION O0 TRUST ESTATE A0TER 3EATH O0 BOTH THE GRANTOR AN3

GRANTORS S2OUSE

A( In$ome and 2rin$ia% to Grantor& C#i%dren* Uon t#e &'b&e'ent deat# o" t#e &o'&e o"t#e Grantor, i" t#e Grantor rede$ea&e&, or 'on t#e deat# o" t#e Grantor, i" &aid &o'&erede$ea&e&, t#e ba%an$e o" t#i& tr'&t a%% be #e%d and di&trib'ted a& "o%%o!&*

1( T#e Tr'&tee a%% di+ide t#e tr'&t a&&et& "or a$$o'ntin 'ro&e& into a& man e'a%are& a& a%% be e'a% to t#e n'mber o" $#i%dren o" t#e Grantor !#o are t#en %i+in, and


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t#e n'mber o" $#i%dren o" t#e Grantor !#o are de$ea&ed, %ea+in i&&'e t#en &'r+i+in( T#eTr'&tee need not #&i$a%% di+ide t#e tr'&t a&&et& into are&, b't ma reard a%% are& a&a &in%e "'nd "or in+e&tment 'ro&e&, i" it de&ire&( Ho!e+er, a%% di&trib'tion& o" in$omeand rin$ia% a%% be made to t#e bene"i$iarie& o" ea$# are "rom t#e are $reated "or #i&or #er bene"it(

:( A"ter t#i& tr'&t i& di+ided into &earate are&, t#e Tr'&tee a%% a to, or "or t#e bene"ito" ea$# $#i%d o" t#e Grantor, a%% o" t#e net in$ome deri+ed t#erea"ter "rom #i& or #erre&e$ti+e are in 'arter, ann'a% or ot#er $on+enient in&ta%%ment&, and &o m'$# o" t#erin$ia% o" #i& or #er re&e$ti+e are, "rom time to time, a& it deem& ad+i&ab%e in it&ab&o%'te and 'n$ontro%%ed di&$retion, "or #i& or #er #ea%t#, maintenan$e, &'ort anded'$ation, 'nti% #i& or #er re&e$ti+e are i& di&trib'ted b !a o" "ina% di&trib'tion( Atan time a"ter t#i& tr'&t i& di+ided into &earate are&, t#e Tr'&tee i& a't#ori7ed, i" it$on&ider& it ad+i&ab%e to do &o, to ad+an$e to t#e bene"i$iarie& o" ea$# are &'""i$ientamo'nt& to enab%e t#em to marr, to 'r$#a&e a #ome, to enter or 'r$#a&e a b'&ine&&, toe&tab%i a ro"e&&iona% o""i$e, to tra+e%, to ta4e o&t;rad'ate !or4, to 'r$#a&e

a'tomobi%e&, and "or ot#er &imi%ar 'ro&e&(


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( T#e Grantor re&ent% #a& _________ $#i%dren !#o&e name& and birt#date& "or 'ro&e&o" t#i& tr'&t are a& "o%%o!&* _________(

Ho!e+er, t#i& tr'&t a%% a%&o be "or t#e bene"it o" ot#er $#i%dren o" t#e Grantor !#o ma beborn or %ea%% adoted b t#e Grantor a"ter t#e date o" t#i& Tr'&t Areement i& &ined(

B( In t#e E+ent o" 3eat# o" t#e Grantor, t#e Grantor& So'&e and A%% I&&'e o" t#e Grantor*In t#e e+ent o" t#e deat# o" t#e Grantor, Grantor& &o'&e, a%% i&&'e o" t#e Grantor, and a%%ot#er bene"i$iarie& o" t#i& tr'&t, rior to t#e time &et "or "ina% di&trib'tion o" t#e a&&et& o"t#i& tr'&t, t#e remainin tr'&t a&&et&, in$%'din a$$'m'%ated in$ome, a%% be di&trib'ted a&"o%%o!&* to t#e E&tate o" t#e Grantor(

ARTICLE 0OUR(RESTRAINT AGAINST ALIENATION OR ATTACHMENT

T#e in$ome and rin$ia% o" t#i& tr'&t a%% not be a%ienated or di&o&ed o", or in an

manner en$'mbered b t#e bene"i$iarie& t#ereo" !#i%e in t#e o&&e&&ion and $ontro% o" t#eTr'&tee( I" a bene"i$iar a%% a%ienate, $#are or di&o&e o" #i& or #er &aid in$ome orrin$ia%, or an art t#ereo", or an intere&t t#erein, or i" b rea&on o" #i& or #erban4r't$, or ot#er e+ent endanerin a bene"i$iar& intere&t in t#i& tr'&t !#i$# mao$$'r at an time d'rin t#e $ontin'an$e o" t#i& tr'&t, &aid in$ome or rin$ia% ot#er!i&eintended "or &aid bene"i$iar a%% !#o%% or in art $ea&e to be en8oed b #im or #er a&abo+e ro+ided( In &'$# e+ent, t#e tr'&t #ereinbe"ore e.re&&ed $on$ernin &aid in$ome andrin$ia% a%% t#ere'on $ea&e and terminate a& to &'$# bene"i$iar, and a%% in$ome andrin$ia% ot#er!i&e #ereinbe"ore ro+ided "or #im or #er a%% t#erea"ter be #e%d anddi&trib'ted b t#e Tr'&tee "or #im or #er, d'rin t#e remainder o" #i& or #er %i"e, a$$ordinto t#e ab&o%'te di&$retion o" t#e Tr'&tee( B't t#e Tr'&tee ma, ne+ert#e%e&&, a to #im or#er, or "or #i& or #er #ea%t#, maintenan$e, &'ort and ed'$ation, or to #i& or #er $#i%d,$#i%dren or &o'&e t#erea"ter, "rom &'$# in$ome and rin$ia%, &'$# &'m& a& it, in it&ab&o%'te di&$retion, a%% t#in4 "it and roer, #a+in reard "or t#e !ie& o" t#e Grantora& in t#i& in&tr'ment e.re&&ed, and retainin an 'ne.ended &'m& a& art o" t#e rin$ia%o" t#e tr'&t to be "ina%% di&o&ed o" a"ter t#e deat# o" &'$# bene"i$iar, a& #erein ro+ided(

ARTICLE 0IVE(3IS2ENSING )ITH ACCRUAL O0 INCOME

In$ome a$$r'ed on roert oriina%% %a$ed in or &'b&e'ent% added to t#i& tr'&t at t#etime o" it& tran&"er to t#e Tr'&tee, and di+idend& on are& o" &to$4 oriina%% %a$ed in or&'b&e'ent% added to t#i& tr'&t !#i$# are de$%ared rior to t#e date &'$# are& are %a$edin or added to t#i& tr'&t, b't aab%e to &to$4#o%der& o" re$ord determined a& o" a date!#i$# i& on or &'b&e'ent to t#e date &'$# are& are %a$ed in or added to t#i& tr'&t, a%%be in$ome o" t#i& tr'&t( Uon t#e termination o" an intere&t in t#i& tr'&t #ere'nder, a%%in$ome !#i$# #a& a$$r'ed on &'$# intere&t, b't !#i$# #a& not been re$ei+ed b &aidTr'&tee, and a%% di+idend& de$%ared on &'$# intere&t, b't not et re$ei+ed b &aid Tr'&tee,a%% be%on to t#e &'$$eedin e&tate, &'b8e$t to an $#are& or ad+an$e& aain&t &aidin$ome or di+idend&(


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ARTICLE SID(TERMINATION B LA) OR B THE TRUSTEE

A( B La!* Ant#in to t#e $ontrar not!it#&tandin, t#e tr'&t $reated #erein a%%

terminate not %ater t#an t!ent;one 5:16 ear& a"ter t#e deat# o" t#e %a&t &'r+i+or o" t#ero' $omo&ed o" t#e Grantor, Grantor& &o'&e and Grantor& i&&'e !#o are %i+in at t#edate t#i& Tr'&t Areement i& &ined, and i" an tr'&t $reated #erein #a& not &oonerterminated, t#e Tr'&tee at &aid time a%% a o+er, $on+e and de%i+er t#e remainin tr'&ta&&et& t#en in it& o&&e&&ion in e'a% are& to t#e er&on& t#en entit%ed to re$ei+e t#ein$ome t#ere"rom(

B( 2remat're Termination b Tr'&tee* Not!it#&tandin an ot#er ro+i&ion& o" t#i& Tr'&tAreement, a"ter t#e deat# o" t#e Grantor and t#e Grantor& &o'&e, t#e Tr'&tee a%% bea't#ori7ed to terminate, at an time, an tr'&t $reated #ere'nder rior to t#e time#ereinbe"ore ro+ided "or &'$# termination, i" t#e Tr'&tee a%% determine, in t#e ab&o%'te

and 'n$ontro%%ed di&$retion o" t#e Tr'&tee !it#o't noti$e or t#e aro+a% o" an $o'rt orbene"i$iar a""e$ted t#ereb, t#at t#e e.en&e o" t#e $ontin'ation o" &'$# tr'&t i&'nrea&onab% reat in re%ation to t#e a&&et& t#ereo" and t#at t#e termination o" &'$# tr'&t!i%% not re&'%t in 'nrea&onab%e "inan$ia% or ot#er in$on+enien$e to t#e bene"i$iarie& t#ereo"(A tr'&t ma be &o terminated rior to t#e determination o" a $%a&& o" bene"i$iarie& t#ereo",and in t#e e+ent o" an &'$# termination t#e rin$ia% and a$$'m'%ated in$ome, i" an, o"&'$# tr'&t a%% be di&trib'ted to t#e t#en %i+in bene"i$iarie& "or !#om &'$# tr'&t !a& #e%d,er &tire& e.$et a& ma be ot#er!i&e e.re&&% ro+ided 'on termination o" &'$# tr'&t att#e time #ereinbe"ore ro+ided(

C( Termination b La&in* T#i& tr'&t ma a%&o be terminated at t#e &o%e otion o" t#eTr'&tee at an time a"ter t!o 5:6 ear& a"ter t#e deat# o" t#e &e$ond one to die o" t#eGrantor and t#e Grantor& &o'&e, i" no a&&et& ot#er t#an a nomina% deo&it #a+e beenre$ei+ed b t#e Tr'&tee a& tr'&t a&&et&(

ARTICLE SEVEN(TRUSTEES 2O)ERS O0 A3MINISTRATION

In addition to and not in %imitation o" t#e o!er& i+en b %a!, t#e Tr'&tee a%% #a+e "'%%o!er*

1( to #o%d and retain an o" t#e roert $omin into it& o&&e&&ion #ere'nder in t#e &ame"orm o" in+e&tment a& t#o&e "orm& in !#i$# it !a& re$ei+ed b &aid Tr'&tee, e+en t#o'#&'$# retention ma re&'%t in an e.$e&& $on$entration in one $%a&& o" roert, !it#o'tin$'rrin %iabi%it in an !a "or an %o&& o" rin$ia% or in$ome $a'&ed b t#e de$%ine in+a%'e o" an &'$# in+e&tment or in+e&tment&/

:( to &e%% or e.$#ane at 'b%i$ or ri+ate &a%e, %ea&e, %ede, mortae, donate, abandon orot#er!i&e di&o&e o", dea% !it#, or en$'mber 5"or an eriod o" time !#at&oe+er, !#et#er


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or not endin d'rin t#e term o" t#e tr'&t6, an rea% or er&ona% roert $omri&in art o"t#e tr'&t e&tate/


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1:( to retain an intere&t #e%d b it in an b'&ine&&, or to enter into or a$'ire an intere&t inan b'&ine&&, !#et#er a& a &to$4#o%der or &e$'rit #o%der o" a $ororation, a enera% or%imited artner, a &o%e rorietor, or ot#er!i&e, "or an %ent# o" time, !it#o't %imitation&/to arti$iate in t#e $ond'$t o" &'$# b'&ine&&, and ta4e or de%eate to ot#er& di&$retionar

o!er to ta4e an a$tion !it# re&e$t to it& manaement and a""air& !#i$# an indi+id'a%$o'%d ta4e a& t#e o!ner o" &'$# b'&ine&&, in$%'din t#e +otin o" &to$4, and t#edetermination o" an or a%% 'e&tion& o" o%i$/ to arti$iate in an in$ororation,reorani7ation, merer, $on&o%idation, re$aita%i7ation or %i'idation t#ereo"/ to in+e&tadditiona% $aita% in, &'b&$ribe to additiona% &to$4 or &e$'ritie& o", and %oan mone or $redit!it# or !it#o't &e$'rit to, &'$# b'&ine&& o't o" t#e tr'&t roert, to e%e$t or em%odire$tor&, o""i$er&, em%oee& or aent& o" &'$# b'&ine&&, and $omen&ate an er&on&,in$%'din an Tr'&tee or a dire$tor, o""i$er or aent o" an Tr'&tee/ to dea% !it# and a$t "ort#e b'&ine&& in an $aa$it, in$%'din an ban4in or tr'&t $aa$it and t#e %oanin o"mone o't o" t#e Tr'&tee& o!n "'nd&, and to be $omen&ated t#ere"or/ and to &e%% or%i'idate &'$# intere&t or an art t#ereo" at an time/ a%% !it#o't %iabi%it, re&on&ibi%it, or

a$$o'ntabi%it "or an a$tion ta4en b it !it# reard to &'$# intere&t& or in+e&tment&, or "oran de$rea&e in t#e +a%'e t#ereo", ro+ided t#e Tr'&tee a%% #a+e been a$tin at a%% time& inood "ait# and !it#in t#e o!er& and re&on&ibi%itie& $on"erred on it b %a! or b t#i&in&tr'ment/

1


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in$%'de& t#e o!er to &et ' or not to &et ' re&er+e& and &in4in "'nd& "or ta.e&,a&&e&&ment&, in&'ran$e remi'm&, reair&, imro+ement&, dere$iation, ob&o%e&$en$e andmaintenan$e, and "or an ot#er 'ro&e/

1F( to $arr &'$# in&'ran$e, in$%'din 'b%i$ %iabi%it, and roert damae in&'ran$e,

aain&t &'$# #a7ard& to t#e Tr'&tee or t#e tr'&t e&tate, in &'$# amo'nt& and !it# &'$#in&'ran$e $omanie& 5!#et#er &to$4 $omanie& or m't'a% $omanie&6 a& t#e Tr'&tee deem&ad+i&ab%e/

1( to e.e$'te and de%i+er &'$# deed&, bi%%& o" &a%e, mortae&, re%ea&e&, $on&ent& and ot#er%ea% in&tr'ment& a& ma be ne$e&&ar or aroriate to de%i+er in $onne$tion !it#admini&tration o" t#e tr'&t/

19( to do ant#in "or t#e re&er+ation and manaement o" t#e tr'&t e&tate t#at it deem&ne$e&&ar, de&irab%e or e.edient, and to e.er$i&e !it# re&e$t to t#e tr'&t e&tate, a%% o!er&o" an ab&o%'te %ea% and bene"i$ia% o!ner t#ereo"( T#e Tr'&tee ma a$t 'nder t#i&

areement !it#o't rior noti$e to an er&on and !it#o't t#e aro+a% o" an $o'rt( A%%o!er& o" t#e Tr'&tee a%% be $ontin'in one&/ none a%% be e.#a'&ted b t#e e.er$i&e orreeated e.er$i&e t#ereo", and a o!er on$e e.er$i&ed ma be e.er$i&ed in a di""erent !aand !it# a di""erent or in$on&i&tent re&'%t 'on an &'b&e'ent e.er$i&e t#ereo"(

ARTICLE EIGHT(MISCELLANEOUS 2ROVISIONS RELATING TO TRUSTEE

A( Tr'&tee ma B' In&'ran$e on Li+e& o" Bene"i$iarie&* A"ter t#e deat# o" t#e Grantor, i"t#ere are &'""i$ient a&&et& in t#i& tr'&t to do &o, t#e Tr'&tee i& a't#ori7ed to 'r$#a&e andmaintain in&'ran$e on t#e %i+e& o" t#e bene"i$iarie& o" t#e tr'&t $reated #erein or on t#e%i+e& o" anone in !#om a bene"i$iar o" t#i& tr'&t #a& an in&'rab%e intere&t, a& !e%% aea%t#, a$$ident, #o&ita%i7ation, ma8or medi$a% or ot#er $a&'a%t in&'ran$e, a& a tr'&tin+e&tment, and to a t#e remi'm on &'$# in&'ran$e o%i$ie& a& t#e be$ome d'e andaab%e o't o" eit#er in$ome or rin$ia% o" t#i& tr'&t( On an %i"e in&'ran$e &o 'r$#a&ed,t#e Tr'&tee a%% be t#e o!ner and bene"i$iar t#ereo"(

B( 3i+i&ion into S#are&* In an $a&e in !#i$# t#e Tr'&tee i& re'ired, or de&ire&, to di+idet#e rin$ia% o" t#e tr'&t e&tate into art& or are&, it i& a't#ori7ed and emo!ered in it&&o%e di&$retion to ma4e di+i&ion in 4ind, or art% in 4ind and art% in mone( T#e8'dment o" t#e Tr'&tee $on$ernin t#e +a%'e& "or t#e 'ro&e o" &'$# di+i&ion o" t#eroert or &e$'ritie& a%% be bindin and $on$%'&i+e on a%% artie& intere&ted t#erein(

C( Tr'&tee S#a%% ee Corre$t Boo4& o" A$$o'nt* T#e Tr'&tee a%% 4ee tr'e and $orre$tboo4& o" a$$o'nt o!in a%% tran&a$tion& in t#e tr'&t e&tate, !#i$# boo4& o" a$$o'nt a%%at a%% rea&onab%e time& be oen to t#e in&e$tion o" an bene"i$iar #ere'nder( T#e Tr'&teea%% render ann'a% &tatement& o" re$eit& and di&b'r&ement& and an in+entor o!in t#ea&&et& and roert $on&tit'tin t#e tr'&t e&tate to t#e in$ome bene"i$iarie& o" t#i& tr'&t(


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3( Tr'&tee Entit%ed to Rea&onab%e Comen&ation* T#e Tr'&tee a%% be entit%ed to re$ei+erea&onab%e $omen&ation "or &er+i$e& rendered in t#e admini&tration o" t#i& tr'&t, !#i$#$omen&ation ma be aid "rom t#e in$ome or t#e rin$ia% o" t#e tr'&t e&tate, or bot#(

E( Merer* In t#e e+ent t#at t#e "id'$iar o!er& and &er+i$e& o" t#e Tr'&tee a%% at an

time be mered !it#, $on&o%idated !it#, be oerated 'nder 8oint areement !it#, or betran&"erred to an ot#er $ororation, a&&o$iation, &'b&idiar or tr'&t $oman, or bereorani7ed into a ne! $ororation, a&&o$iation, &'b&idiar or tr'&t $oman, t#en &'$#$ororation, a&&o$iation, &'b&idiar or tr'&t $oman o" !#i$# it be$ome& a art, or t#e$ororation, a&&o$iation, &'b&idiar or tr'&t $oman &'$$eedin to t#e "id'$iar o!er&and &er+i$e& o" t#e Tr'&tee a%%, !it#o't an "'rt#er a$t on t#e art o" eit#er o" t#e artieereto, be &'b&tit'ted in %a$e and &tead o" t#e Tr'&tee a& "id'$iar #ere'nder and a%%#a+e a%% o" t#e ri#t&, o!er& and a't#oritie& i+en to t#e Tr'&tee, a& t#e "id'$iar#ere'nder, and a%% be &'b8e$t to a%% o" t#e d'tie&, %iabi%itie& and re&on&ibi%itie& imo&ed'on t#e Tr'&tee a& "id'$iar #ere'nder(

0( Remo+a% and Re&ination o" Tr'&tee*

1( T#e Grantor& &o'&e, d'rin #er %i"etime, at #er di&$retion, ma remo+e or $a'&e t#eremo+a% o" t#e Tr'&tee or an &'$$e&&or Tr'&tee, a& Tr'&tee 'nder t#e tr'&t( Uon &'$#remo+a% or in t#e e+ent o" t#e re&ination o" t#e Tr'&tee or an &'$$e&&or tr'&tee, t#eGrantor& &o'&e a%% de&inate, at #er o!n di&$retion, anot#er $ororate Tr'&tee to &er+ea& &'$$e&&or tr'&tee #ere'nder(

:( A"ter t#e deat# o" t#e Grantor& &o'&e, t#e $#i%dren o" t#e Grantor, b a ma8orit +ote,ma remo+e or $a'&e t#e remo+a% o" t#e Tr'&tee or an &'$$e&&or Tr'&tee, a& Tr'&tee 'ndert#e Tr'&t( Uon &'$# remo+a% or in t#e e+ent o" t#e re&ination o" t#e Tr'&tee or an&'$$e&&or tr'&tee, t#e $#i%dren o" t#e Grantor, 'on a +ote b a ma8orit o" t#em, a%%de&inate anot#er $ororate Tr'&tee to &er+e a& &'$$e&&or tr'&tee #ere'nder(


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not a bene"i$iar o" t#i& tr'&t6 in t#e e+ent no $ororate &'$$e&&or Tr'&tee a$$et&aointment, and 'on noti$e o" &'$# aointment and t#e !ritten a$$etan$e b t#e&'$$e&&or Tr'&tee, t#e re&inin Tr'&tee a%% de%i+er a%% o" t#e tr'&t a&&et& to t#e &'$$e&&orTr'&tee, &'b8e$t to t#e ament o" a%% e.en&e& and rea&onab%e $omen&ation to t#ere&inin Tr'&tee(

?( Uon a$$etan$e b t#e &'$$e&&or Tr'&tee and 'on t#e a$$o'ntin and de%i+er o" a%%tr'&t a&&et& to t#e &'$$e&&or Tr'&tee, t#e remo+ed or re&inin Tr'&tee a%% be $om%ete%di&$#ared o" an "'rt#er re&on&ibi%it "or t#e admini&tration o" t#i& tr'&t( No &'$$e&&orTr'&tee a%% #a+e an d't to in'ire into t#e admini&tration o" t#e tr'&t b an riorTr'&tee, and t#e &'$$e&&or Tr'&tee a%% not #a+e an %iabi%it !it# re&e$t to &'$#admini&tration or an "ai%'re o" t#e rior Tr'&tee "'%% to a$$o'nt( An $%aim or a$tionaain&t a rior Tr'&tee ma in &'$# e+ent be a&&erted or "i%ed b a bene"i$iar or a&'$$e&&or Tr'&tee on% !it#in one 516 ear a"ter t#e date o" aointment o" a &'$$e&&orTr'&tee( Uon t#e de%i+er o" a%% tr'&t a&&et&, t#e &'$$e&&or Tr'&tee a%% be +e&ted !it# a%%o" t#e ri#t&, o!er&, d'tie& and di&$retion o" t#e rior Tr'&tee(

G( )ord U&ae and Cation&* )#ene+er !ord& are '&ed #erein in an ender, t#e a%% be$on&tr'ed a& t#o'# t#e !ere '&ed in t#e ender aroriate to t#e $ir$'m&tan$e&/ and!#ere+er !ord& are '&ed #erein in t#e &in'%ar or %'ra% "orm, t#e a%% be $on&tr'ed a&t#o'# t#e !ere '&ed in t#e "orm aroriate to t#e $ir$'m&tan$e&( Headin& and $ation&in t#i& areement are in&erted "or $on+enien$e or re"eren$e( T#e $on&tit'te no art o" t#i&areement and are not to be $on&idered in t#e $on&tr'$tion #ereo"(

E+er rono'n in$%'de& $orre&ondin rono'n& in t#e &ame er&on o" di""erent ender& orn'mber& or bot#, to t#e e.tent t#e $onte.t ermit&(

T#e !ord& -$#i%d,- -$#i%dren,- and -i&&'e- '&ed in t#i& tr'&t a%% in$%'de %ea%% adoted$#i%dren, and de&inated #eir&( T#e !ord -i&&'e- a%% mean %inea% de&$endant& inde"inite%(

H( La!& o" Contro%* T#i& areement a%% be $on&tr'ed 'nder t#e %a!& o" t#e State o" Uta#no! and #erea"ter in e""e$t "rom time to time and a%i$ab%e t#ereto(

IN )ITNESS )HEREO0, t#e Grantor #a& a""i.ed #i& &inat're #ereto, and _________ a&Tr'&tee, #a& $a'&ed it& $ororate &inat're to be a""i.ed #ereto b it& roer o""i$ert#ere'nto d'% a't#ori7ed at _________ on t#e date "ir&t abo+e !ritten(

)itne&&e&*

______________________________________________________

____________________________Grantor


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________________________________________________________

_____________________________Tr'&tee

3ated* _______________________________

_______________________________________ 5&inat're6

NOTARY:

STATE OF UTAH

COUNTY OF ________________)

On t#i& __ da o" ______, :=__, be"ore me er&ona%% aeared ________________,4no!n to me to be t#e er&on de&$ribed in and !#o e.e$'ted t#e "oreoin in&tr'ment anda$4no!%eded t#at #ee e.e$'ted t#e &ame 5in #ier a't#ori7ed $aa$it6 a& #ier "reea$t and deed(

__________________________Notar 2'b%i$M Commi&&ion E.ire& on*

Documents

93359899 Irrevocable Trust Agreement