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 (including spouse, if applicable) exceeds $1,000,000? Note: When determining net worth, the value of the grantor’s primary residence must be excluded. The related amount of indebtedness secured by the grantor’s primary residence up to its fair market value should also be excluded. However, indebtedness secured by the grantor’s primary residence in excess of the value of the grantor’s home should be considered a liability and deducted from the grantor’s net worth. Yes o No o OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2008 and 2009 and is reasonably expected to be in excess of $200,000 for 2010? Yes o No o OR Income (including income attributable to spouse) was in excess of $300,000 for 2008 and 2009 and is reasonably expected to be in excess of $300,000 for 2010? Yes o No o

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors? Yes o No o YES NO If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: Net worth of grantor (including spouse, if applicable) exceeds $1,000,000? Note: When determining net worth, the value of the grantor’s primary residence must be excluded. The related amount of indebtedness secured by the grantor’s primary residence up to its fair market value should also be excluded. However, indebtedness secured by the grantor’s primary residence in excess of the value of the grantor’s home should be considered a liability and deducted from the grantor’s net worth. Yes o No o YES NO OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2008 2016 and 2009 2017 and is reasonably expected to be in excess of $200,000 for 20102021? Yes o No o YES NO OR Income (including income attributable to spouse) was in excess of $300,000 for 2008 2016 and 2009 2017 and is reasonably expected to be in excess of $300,000 for 20102021? Yes o No oYES NO

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors? Yes o No o YES NO If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: Net worth of grantor (including spouse, if applicable) exceeds $1,000,000? Note: When determining net worth, the value of the grantor’s primary residence must be excluded. The related amount of indebtedness secured by the grantor’s primary residence up to its fair market value should also be excluded. However, indebtedness secured by the grantor’s primary residence in excess of the value of the grantor’s home should be considered a liability and deducted from the grantor’s net worth. Yes o No o YES NO OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2008 2016 and 2009 2017 and is reasonably expected to be in excess of $200,000 for 20102018? Yes o No o YES NO OR Income (including income attributable to spouse) was in excess of $300,000 for 2008 2016 and 2009 2017 and is reasonably expected to be in excess of $300,000 for 20102018? Yes o No oYES NO

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors? Yes o No o YES_______ NO_______ If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: Net worth of grantor (including spouse, if applicable) exceeds $1,000,000? Note: When determining net worth, the value of the grantor’s primary residence must be excluded. The related amount of indebtedness secured by the grantor’s primary residence up to its fair market value should also be excluded. However, indebtedness secured by the grantor’s primary residence in excess of the value of the grantor’s home should be considered a liability and deducted from the grantor’s net worth. Yes o No o YES_______ NO_______ OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2008 2016 and 2009 2017 and is reasonably expected to be in excess of $200,000 for 20102018? Yes o No o YES_______ NO_______ OR Income (including income attributable to spouse) was in excess of $300,000 for 2008 2016 and 2009 2017 and is reasonably expected to be in excess of $300,000 for 20102018? Yes o No oYES_______ NO_______