Common use of Revocable Trusts Clause in Contracts

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o No o If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor exceeds $1,000,000 (including spouse, if applicable, real estate (excluding personal residence), automobiles, cash, short-term investments, stock and securities. Equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property) ? Yes o No o OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2010 and 2011 and is reasonably expected to be in excess of $200,000 for 2012? Yes o No o OR Income (including income attributable to spouse) was in excess of $300,000 for 2010 and 2011 and is reasonably expected to be in excess of $300,000 for 2012? Yes o No o

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o ☐ No o ☐ If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor exceeds $1,000,000 (including spouse, if applicable, real estate (excluding personal residence), automobiles, cash, short-term investments, stock and securities. Equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property) )? Yes o ☐ No o ☐ OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2010 2016 and 2011 2017 and is reasonably expected to be in excess of $200,000 for 20122018? Yes o ☐ No o ☐ OR Income (including income attributable to spouse) was in excess of $300,000 for 2010 2016 and 2011 2017 and is reasonably expected to be in excess of $300,000 for 20122018? Yes o ☐ No o☐

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o ☐ No o ☐ If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor exceeds $1,000,000 (including spouse, if applicable, real estate (excluding personal residence), automobiles, cash, short-term investments, stock and securities. Equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property) )? Yes o No o OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2010 2014 and 2011 2015 and is reasonably expected to be in excess of $200,000 for 20122016? Yes o ☐ No o ☐ OR Income (including income attributable to spouse) was in excess of $300,000 for 2010 2014 and 2011 2015 and is reasonably expected to be in excess of $300,000 for 20122016? Yes o ☐ No o☐

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o ☐ No o ☐ If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor exceeds $1,000,000 (including spouse, if applicable, real estate (excluding personal residence), automobiles, cash, short-term investments, stock and securities. Equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property) )? Yes o ☐ No o ☐ OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2010 2014 and 2011 2015 and is reasonably expected to be in excess of $200,000 for 20122016? Yes o ☐ No o ☐ OR Income (including income attributable to spouse) was in excess of $300,000 for 2010 2014 and 2011 2015 and is reasonably expected to be in excess of $300,000 for 20122016? Yes o ☐ No o☐