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Home My WebLink About00-0831 Register of Wills of Cumberland County, Pennsylvania PETITION FOR GRANT OF LETTERS Estate of Clarence V. Knudsen also known as No. ~ \ aD R~\ , Deceased Social Security No. 508 - 03 - 2687 David C. Knudsen Petitioner(s), who is/are 18 years of age or older, apply(ies) for: (COMPLETE 'A' or 'B'BELOW:) [KJ A. Probate and Grant of Letters Testamentary and aver that Petitioner(s) is/are the execut or the Decedent, dated 03/06/2001 and codicil(s) dated None named in the last Will of State relevant circumstances, e.g., renunciation, death of executor, etc. Except as follows, Decedent did not marry, was not divorced, and did not have a child born or adopted after execution of the documents offered for probate; was not the victim of a killing and was never adjudicated incompetent: o B. Grant of Letters of Administration (c.t.a.; d.b.n.c.t.a; pendente lite; durante absentia; durante minoritate) Petitioner(s) after a proper search has/have ascertained that Decedent left no Will and was survived by the following spouse (if any) and heirs: I Name Relationship ReSIdence ., I --J '-;1 r:-.:) ... .. J "'~- ~ ; -_.- ~_. .. .- -.-, ; , -,;: (COMPLETE IN ALL CASES:) Attach additional sheets if necessary. Decedent was domiciled at death in Cumberland Decedent, then ~years of age, died 10/05/2007 Allen Township, Mechanicsburg, PA (list street, number, and municipality) at Bethany Village, Mechanicsburg, (Location) County, Pennsylvania witt'll1i~l~er last fa~y / C) co 17055 or principal residence at 410 Bethany Dr i ve, Lower PA Decedent at death owned property with estimated values as follows: (If domiciled in PAl All personal property (If not domiciled in PAl Personal property in Pennsylvania (If not domiciled in PAl Personal property in County Value of real estate in Pennsylvania 25,000.00 $ $ $ $ situated as follows: 19610 Prepared by the Pennsylvania Bar Association Copyright (c) 1996 form software only CPSystems, Inc. Form RW-1 (1991) Oath of Personal Representative Commonwealth of Pennsylvania County of Cumberland The Petitioner(s) above-named swear(s) or affirm(s) that the statements in the foregoing Petition are true and correct to the best of the knowledge and belief of Petitioner(s n that, as personal rep' esentative(s) 0./ the Decedent, Petitioner(s) will well and truly administer the estat acc rding t law. Sworn to or affirmed and subscribed . \l_ before me this ~ day of ~~\::SU- ~S) ~~ the Register ,.-. ., ,_ T No. ~\ ot) ~3 \ ,0-) .--! Estate of Clarence V. Knudsen Deceased 'I I c;...... Social Security No: 508-03-2687 Date of Death: 10/05/2007 j OJ AND NOW, &-;\6~ \\....0 ~ , ~I ' in consideratic:'n~~ o 0':: of the Petition on the reverse side hereon, satisfactory proof having been presented before me, IT IS DECREED that Letters [J9 Testamentary D Of Administration (c.t.a.; d.b.n.c.t.a.; pendente lite; durante absentia; durante minoritate) are hereby granted to David C. Knudsen in the above estate and that the instrument(s) dated 03/06/2001 described in the Petition be admitted to probate and filed of record as the last Will of Decedent. FEES ~ '3 (X)D Letters. . . . . . . \. . .. $ Short Certificate(s). (~') $ ....Ben"n...;iMkln. . W~\\ . $ 1.>0 loa 0.) \~ ..) \ s;-O ~~~ClJJku.D\0 dtp Register of Wills e+ Jeff~qUire Attorney: Affidavits ( $ 1.0. No: 25444 Boswell Tintner Piccola & Alford 315 N. Front Street P. O. Box 741 Harrisburg, PA 17108-0741 Extra Pages ( ) . $ Address: Codicil. . . . $ ~(\u..~ JCP Fee. . . . . . . . .. $ ~ \~o Telephone: 717 /236 - 9377 Inventory. $ Other. . $ TOTAL. . . . . . . .. $ Prepared by the Pennsylvania Bar Association Copyright (c) 1996 form software only CPSystems, Inc. cJ \c.:J dO Form RW-1 (1991) H10~_X()) REV (OliO!') LOCAL REGISTRAR'S CERTIFICATION OF DEATH WARNING: It is illegal to duplicate this copy by photostat or photograph. Certification Number This is to certify that the information here given is correctly copied from an original Certificate of Death duly filed with me as Local Registrar. The original certificate will be forwarded to the State Vital Records Office for permanent filing. thn- /Jl ~ OCT ~. B ZOfl7 . : .,..1 '~~'l - . ' Local Registrar .' " ( . . Date Issued Fee for this certificate, $6.00 P 13859237 ".7~1 -r; C) CJ I REV 1112006 / PRINT IN MANENT ~CK INK COMMONWEALTH OF PENNSYLVANIA. DEPARTMENT OF HEALTH. VITAL RECORDS CERTIFICATE OF DEATH (See Instructions and examples on reverse) STATE FILE NUMBER ~\ 00 o . 16. Oecedenrs MaIIng Address (StrHt, city I town, state, zip code) 5225 Wilson Lane Mechanicsburg, PA 17055 18. Falhor's Name (F"', _~, IasL sullix) Louis Knudsen 12. Was Decedent ever In the U.S. Armed Forces? DYe. CdNo Decedent's Actual Residence 17a. Stale 2687 4. Date of Death (Month, day, .year) October 5, 2007 5. Age (La.t Birthday) Knudsen 6, Dale of Birth (Month, day, year) Other. 98 Yrs. Sb. County of Death June 30, 1909 Homer, NE Dathe,'Speci~. 10. Race: American Indian, Black, White, etc. (SpecifY} Set. Facility Name (If nollnstHution, give street and number) Cumberland Twp. 5225 Wilson Lane white 13. Decedenfs Education (Speci~ on~ hlghe.t 9,,,'e COf11!lIeted) Elementary I Secondary (0-12) College (1-4 or 5+) 12 4 14. Marital Status: Manied, Never Married, Widowed, Dlvon:ed (SpocffYI Married 17b. Coon~ Pennsylvania Cumberland O~ Decedent Live in a Township? 17c. IKl Yes, Decedent Uved in 17d. 0 No, ~t lNed wlthin AclualLinitsol Ruth Ellen Hutchinson Lower Allen Twp. CllyfBoro Items 24-26 must be compleled by person . who pronounces death. 19. MoCher's Name (Brst, mkfde, maiden sumameJ~ Elise Mary Hansen 2Ct>. In1onnanf. MaIllngAddmoIS1l8eL cfty 1 town, stale, zip code) 150 Spring Lane, Philadelphia, 21c. Place of DisposItion (Neme of cemetery, cremalOlV or other place) Rolling Green Cemetery PA 19128 208. Informant's Name (Type I Print) Karen A. 21L Malhcd of Disposition !]I Burial 0 Removal'""" Slate o Other. SpeciIy: 22o.5igna1ure . ~ 21d. location (City I town, stale, zip code) Lower Allen Twp., PA 17011 22c. Name and Address of Facility Parthemore FH & CS, Inc., P.O. Box 431, New Cumberland, PA 17070 -I ~ l~ 23c. Date Signed (Month, day, year) /0 .-.r- / =tNst~'~i:a Enter a..:: UNDERLYING CAUSl (dlseaseornjurylhalinltialedlhe events resuIling In death) LAST. A f)\J \.-1 FPrl W ~€.- TV '7111< \V e. b. ~V~C~ ..h~e'\;l\ (-\- Due to (01' as a consequence on: \..Jl1 ..l:>J'O (.,PrO 28. Old Tobacco Use Contribute to Death? DYes DProballIy o No 0 Uokoown 29. If Female. D Not pregnant within past year D Pregnanlatlimeofdealh D Not pregnant, but pregnant within 42 days ofdealt1 o Not pregnant, but pregnant 43 days to 1 year before death o Unkoown il pregnant within the past year 32c. Place of Injury: Home, Farm, Street, FactOf'!, DfficeBuiklng,etc. (Speci~) Approximate inteNal: Onset 10 Death Part II: Enleroltler but not resulting in the undetlying cause given in Part I. =~:~~'1fi)<i~ c. Due 10 (Of as a consequence 01): Dyes ~ DYes DNo 31. Manner oj Death ~al 0 Homicide 0- DPendinglnvesliga1ion o Suicide 0 Cou~ Nol be Delermined 32d. Trme of Injury 308. Was an Autopsy Perlonned'? 3Ob. Were Autopsy Findings Available Prior 10 Completion of Cause of Death? M. 32t.IfTranspoIletionlnju'Y(Specify) DO"""fOperato< DPessengar DP_n Other . Specify: :s~~ 331::. License Number , year) tJ\D 4-~-W7S~ IQ ~ 0 r 34:ttame and A.~ of_P~ 'Mlo ~ted Cause oJ~JQ {Item 27) Type I Print U ie. 1"tfTf\A l\Il Otr Ii ,. J...X-\.{ I fN f'liV b4 q, 1 AAh r:Nv ~ fJv() J ')'\MJ 32g. Location of Injury (SITeel, city I town, state) 33&. ~ (check ~ one) Cer1lfy1ng pI1yt1cfan (Ptlysician cerlilying cause of death _ enolher physician has pronounced death and COO'4liefed Item 23) To lI1ebeotol my fcnowfedge.__cM 10 lI1e ClUoe(.) and _as stIIed... _ _ _ _ _ _ _ __ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - - - 0 =:.~~ =~~a~==u=r:::~~.::10m..::~~~ manner I' stlted.... _.............. _.............. 0 ~= ~::":'~= and I or Investigation, In my optnion, death occurred at the time. date, and .... and due to the cause(l) and manner as stated- 0 : Regmrnr" ~...." tJ:. I l"'DI 1 a \ 00 0'861 LAST WILL OF CLARENCE J;: KNUDSEN ~. -'\ I,d Jeffrey R. Boswell Boswell, Tintner, Piccola & Wickersham 315 North Front Street Harrisburg, Pennsylvania 17101 LAST WILL AND TESTAMENT OF CLARENCE J;: KNUDSEN Introductory Clause. I, CLARENCE J;: KNUDSEN, a resident of and domiciled in the Township of LOWER ALLEN, County of CUMBERLAND and Commonwealth of Pennsylvania, do hereby make, publish and declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils at any time heretofore made by me. I am married to RUTH E. KNUDSEN. I have three living children: KAREN A. KNUDSEN; PAUL R. KNUDSEN; and DA VID C. KNUDSEN. ITEM I Direction to Pay Debts. I direct that all my legally enforceable debts, secured and unsecured, be paid as soon as practicable after my death. ITEM II General Bequest of Personal and Household Effects With a Precatory Memorandum. I give and bequeath all my personal and household effects of every kind including but not limited to furniture, appliances, furnishings, pictures, silverware, china, glass, books, jewelry, wearing apparel, boats, automobiles, and other vehicles, and all policies of fire, burglary, property damage, and other insurance on or in connection with the use of this property, to my wife, RUTH E. KNUDSEN, if she shall survive me. If my wife shall not survive me, I give and bequeath all this property to my children surviving me, in approximately equal shares; provided, however, the issue of a deceased child surviving me shall take per stirpes the share their parent would have taken had he or she survived me. If my issue do not agree to the division of the property among themselves, my Executor shall make such division among them, the decision of my Executor to be in all respects binding upon my issue. I request that my wife, my Executor and my issue abide by any memorandum by me directing the disposition of this property or any part thereof. This request is precatory and not mandatory. If any beneficiary hereunder is a minor, my Executor may distribute such minor's share to such minor or for such minor's use to any person with whom such minor is residing or who has the care or control of such minor without further responsibility and the receipt of the person to whom it is distributed shall be a complete discharge of my Executor. The cost of packing and shipping such property shall be charged against my estate as an expense of administration. Last WiIJ and Testament of CLARENCE V. KNUDSEN Page I ITEM III Pour-Over Gift to Trustee of Testator's Inter Vivos Trust. I give, devise and bequeath all the rest, residue and remainder of my property of every kind and description (including lapsed legacies and devises), wherever situate and whether acquired before or after the execution of this Will, to PNC BANK, N.A. and DA VID C. KNUDSEN as Trustee under that certain Trust Agreement between me as Settlor and PNC BANK, N.A. and DA VID C. KNUDSEN as Trustee executed prior to the execution of this Will on the ~ day of March, 2001. My Trustee shall add the property bequeathed and devised by this Item to the principal of the above Trust and shall hold, administer and distribute the property in accordance with the provisions of the Trust Agreement, including any amendments thereto made before my death. ITEM IV Alternate Provision to Incorporate Trust by Reference if Pour-Over is Invalid. In the event for any reason the bequest and devise above is ineffective and invalid, then I hereby give, devise and bequeath the rest, residue and remainder of my property of every kind and description (including lapsed legacies and devises), wherever situate and whether acquired before or after the execution ofthis Will, to PNC BANK, N.A. and DA VID C. KNUDSEN as Trustee to be held, administered and distributed in accordance with the provisions of that certain Trust Agreement between me as Settlor and PNC BANK, N.A. and DA VID C. KNUDSEN as Trustee executed prior to the execution of this Will on the ~ day of March, 2001, which Trust Agreement is hereby incorporated by reference and made a part hereof the same as if the entire Trust Agreement were set forth herein. If for any reason PNC BANK, N.A. and DA VID C. KNUDSEN are unable or unwilling to serve then I hereby nominate, constitute and appoint as successor or substitute Trustee a bank or trust company qualified to do business in the State of my domicile at the time of my death, which successor or substitute Trustee shall be designated in a written instrument filed with the court having jurisdiction over the probate of my estate and signed by my wife or if she fails to act signed by or on behalf of my oldest living child or ifhe or she fails to act, by the court having jurisdiction over the probate of my estate. ITEM V Naming the Executor, Executor Succession, Executor's Fees and Other Matters. The provisions for naming the Executor, Executor succession, Executor's fees and other matters are set forth below: (1) Naming an Individual Executor. I hereby nominate, constitute and appoint as Executor of this my Last Will and Testament DA VID C. KNUDSEN and direct that he shall serve without bond. (2) Naming Individual Successor or Substitute Executor. Ifmy individual Executor should fail to qualify as Executor hereunder, or for any reason should cease to act in Last Will and Testament of CLARENCE V. KNUDSEN Page 2 such capacity, the successor or substitute Executor who shall also serve without bond shall be KAREN A. KNUDSEN. (3) Final Succession If Individual Successor Executor Cannot Act. If my individual successor Executor should fail to qualify as Executor hereunder, or for any reason should cease to act in such capacity, then the successor or substitute Executor who shall also serve without bond shall be PNC BANK, N.A. (4) Fee Schedule for Individual Executor. For its services as Executor, the individual Executor shall receive reasonable compensation for the services rendered and reimbursement for reasonable expenses. (5) Fee Schedule for Corporate Executor. For its services as Executor, the corporate Executor shall receive an amount determined by its Standard Fee Schedule in effect and applicable at the time of the performance of such services. If no such schedule shall be in effect at that time, it shall be entitled to reasonable compensation for the services rendered. (6) Change in Corporate Fiduciary. Any corporate successor to the trust business of the corporate fiduciary designated herein or at any time acting hereunder shall succeed to the capacity of its predecessor without conveyance or transfer. ITEM VI Definition of Executor. Whenever the word "Executor" or any modifying or substituted pronoun therefor is used in this my Will, such words and respective pronouns shall include both the singular and the plural, the masculine, feminine and neuter gender thereof, and shall apply equally to the Executor named herein and to any successor or substitute Executor acting hereunder, and such successor or substitute Executor shall possess all the rights, powers and duties, authority and responsibility conferred upon the Executor originally named herein. ITEM VII Powers for Executor. By way of illustration and not of limitation and in addition to any inherent, implied or statutory powers granted to Executors generally, my Executor is specifically authorized and empowered with respect to any property, real or personal, at any time held under any provision of this my Will: to allot, allocate between principal and income, assign, borrow, buy, care for, collect, compromise claims, contract with respect to, continue any business of mine, convey, convert, deal with, dispose of, enter into, exchange, hold, improve, incorporate any business of mine, invest, lease, manage, mortgage, grant and exercise options with respect to, take possession of, pledge, receive, release, repair, sell, sue for, to make distributions or divisions in cash or in kind or partly in each without regard to the income tax basis of such asset, and in general, to exercise all the powers in the management of my Estate which any individual could exercise in the management of similar property owned in his or her own right, upon such terms Last Will and Testament of CLARENCE V. KNUDSEN Page 3 and conditions as to my Executor may seem best, and to execute and deliver any and all instruments and to do all acts which my Executor may deem proper or necessary to carry out the purposes of this my Will, without being limited in any way by the specific grants of power made, and without the necessity of a court order. ITEM VIII Provision for Executor to Act as Trustee for Beneficiary Under Age Twenty-Five. If any share or property hereunder becomes distributable to a beneficiary who has not attained the age of Twenty- five (25) years or if any real property shall be devised to a person who has not attained the age of Twenty- five (25) years at the date of my death, then such share or property shall immediately vest in the beneficiary, but notwithstanding the provisions herein, my Executor acting as Trustee shall retain possession of the share or property in trust for the beneficiary until the beneficiary attains the age of Twenty- five (25), using so much of the net income and principal of the share or property as my Executor deems necessary to provide for the medical care, education, support and maintenance in reasonable comfort of the beneficiary, taking into consideration to the extent my Executor deems advisable any other income or resources of the beneficiary or his or her parents known to my Executor. Any income not so paid or applied shall be accumulated and added to principal. The beneficiary's share or property shall be paid over, distributed and conveyed to the beneficiary upon attaining age Twenty-five (25), or if he or she shall sooner die, to his or her executors or administrators. Whenever my Executor determines it appropriate to pay any money for the benefit of a beneficiary for whom a trust is created hereunder, then the amounts shall be paid out by my Executor in such of the following ways as my Executor deems best: (1) directly to the beneficiary; (2) to the legally appointed guardian of the beneficiary; (3) to some relative or friend for the care, support and education of the beneficiary; (4) by my Executor using such amounts directly for the beneficiary's care, support and education; (5) to a custodian for the beneficiary under the Uniform Gifts or Transfers to Minors Act. My Executor as trustee shall have with respect to each share or property so retained all the powers and discretions conferred upon it as Executor. ITEM IX Discretion Granted to Executor in Reference to Tax Matters. My Executor as the fiduciary of my estate shall have the discretion, but shall not be required when allocating receipts of my estate between income and principal, to make adjustments in the rights of any beneficiaries, or among the principal and income accounts to compensate for the consequences of any tax decision or election, or of any investment or administrative decision, that my Executor believes has had the effect, directly or indirectly, of preferring one beneficiary or group of beneficiaries over others; provided, however, my Executor shall not exercise its discretion in a manner which would cause the loss or reduction of the marital deduction as may be herein provided. In determining the state or federal estate and income tax liabilities of my estate, my Executor shall have discretion to select the valuation date and to determine whether any or all of the allowable administration expenses in my estate shall be used as state or federal estate tax Last Will and Testament of CLARENCE V. KNUDSEN Page 4 deductions or as state or federal income tax deductions and shall have the discretion to file a joint income tax return with my wife. ITEM X Definition of Children. For purposes ofthis Will, "children" means the lawful blood descendants in the first degree of the parent designated; and "issue" and "descendants" mean the lawful blood descendants in any degree of the ancestor designated; provided, however, that if a person has been adopted, that person shall be considered a child of such adopting parent and such adopted child and his or her issue shall be considered as issue of the adopting parent or parents and of anyone who is by blood or adoption an ancestor of the adopting parent or either of the adopting parents. The terms "child," "children," "issue," "descendant" and "descendants" or those terms preceded by the terms "living" or "then living" shall include the lawful blood descendant in the first degree of the parent designated even though such descendant is born after the death of such parent. The term "per stirpes" as used herein has the identical meaning as the term "taking by representation" as defined in the Pennsylvania Probate Code. ITEM XI Definition of Words Relating to the Internal Revenue Code. As used herein, the words "gross estate," "adjusted gross estate," "taxable estate," "unified credit" ("unified credit" shall also mean "applicable credit amount"), "state death tax credit," "maximum marital deduction," "marital deduction," "pass," and any other word or words which from the context in which it or they are used refer to the Internal Revenue Code shall have the same meaning as such words have for the purposes of applying the Internal Revenue Code to my estate. For purposes of this Will, my "available generation-skipping transfer exemption" means the generation-skipping transfer tax exemption provided in section 2631 of the Internal Revenue Code of 1986, as amended, in effect at the time of my death reduced by the aggregate of (1) the amount, if any, of my exemption allocated to lifetime transfers of mine by me or by operation of law, and (2) the amount, if any, I have specifically allocated to other property of my gross estate for federal estate tax purposes. For purposes of this Will if at the time of my death I have made gifts with an inclusion ratio of greater than zero for which the gift tax return due date has not expired (including extensions) and I have not yet filed a return, it shall be deemed that my generation- skipping transfer exemption has been allocated to these transfers to the extent necessary (and possible) to exempt the transfer(s) from generation-skipping transfer tax. Reference to sections of the Internal Revenue Code and to the Internal Revenue Code shall refer to the Internal Revenue Code amended to the date of my death. Last Will and Testament of CLARENCE V. KNUDSEN Page 5 ITEM XII Statement by Testator of Intent Not to Exercise Power of Appointment. I hereby refrain from exercising any power of appointment that I may have at the time of my death. ITEM XIII Simultaneous Death Provision Presuming Beneficiary Predeceases Testator. Reverse Presumption as to Wife. If any beneficiary and I should die under such circumstances as would make it doubtful whether the beneficiary or I died first, then it shall be conclusively presumed for the purposes of this Will that the beneficiary predeceased me; provided, however, that if my wife shall die with me as aforesaid, I direct that she shall be conclusively presumed to have survived me. Testimonium, Attestation and Self-Proving Affidavit. I, CLARENCE v: KNUDSEN, the Testator, sign my name to this instrument this -'P- day of March, 2001, and being first duly sworn, do hereby declare to the undersigned authority that I sign and execute this instrument as my last will and that I sign it willingly (or willingly direct another to sign for me), that I execute it as my free and voluntary act for the purposes therein expressed, and that I am eighteen years of age or older, of sound mind, and under no constraint or undue influence. ~~f~~ CLARENCE v: KNUDSEN We, Jef'.(f~J ~~II and Ow'D A- ~'" , the witnesses, sign our names to this instrument, being first duly sworn, and do hereby declare to the undersigned authority that the Testator signs and executes this instrument as his last will and that he signs it willingly (or willingly directs another to sign for him), and that each of us, in the presence and hearing ofthe Testator, and in the presence of each other, hereby signs this will as witness to the Testator's signing, and that to the best of our knowledge the Testator is eighteen years of age or older, of sound mind, and under no constraint or undue influence. ~ (Witness) 4Jeut.. ~ /~ (Witness) Last Will and Testament of CLARENCE V. KNUDSEN Page 6 COMMONWEALTH OF PENNSYLVANIA : ss. COUNTY OF DAUPHIN Subscribed, sworn to, and acknowledged before me by CLARENCE J;: KNUDSEN, the Testator, and subscribed and sworn to before me by '3"ef.:~ i30s~ and bcw.D Il\. Brow'" , witnesses, this{... -tbday of March, 2001. -, I (Seal) t.<....<- Notary Public for Pennsylvani My Commission Expires: ~ "''-40.______''''___...,.,_....~.......,"~_._,...,_~......~..=, Notarial Seal onnl,e ,Hardy, Notary Public Hamsburg, Dauphin County My Commission Expires Feb. 10, 2003 Last Will and Testament of CLARENCE V. KNUDSEN Page 7 Cumberland County - Register Of wills One Courthouse Square Carlisle, PA 17013 Phone: ( 71 7) 240 - 6345 Date: 01/29/2008 BOSWELL JEFFREY R 315 N FRONT ST PO BOX 741 HARRISBURG, PA 17108-0741 RE: Estate of KNUDSEN CLARENCE V File Number: 2000-00831 Dear Sir/Madam: This notice is to serve as a reminder that the Certificate of Notice under Rule 5.6(a) is due on the below listed date. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO.1, for decedents dying on or after July 1, 1992, the personal representative or his councel, within ten (10) days after giving proper notice to the beneficiaries and intestate heirs as required by subdivision (a) of Rule 5.7, shall file with the Register of Wills or Clerk of the Orphans' Court his/her Certification of Notice. This filing lS due by: 01/26/2008 Please feel free to contact this office with any questions you may have. If you have already filed your certificate, please disregard this notice. Sincerely, 1Il/Jf<d</C ~~~d:<'j!~:i~h;;t.9-.f Glenda Farner Strasbaugh Clerk of the Orphans' Court cc: File Personal Representative(s) c.t Cumberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 Phone: (717)240-6345 Date: 01/29/2008 KNUDSEN DAVID C 1302 READING BLVD WYOMISSING, PA 19610 RE: Estate of KNUDSEN CLARENCE V File Number: 2000-00831 Dear Sir/Madam: This notice is to serve as a reminder that the Certificate of Notice under Rule 5.6(a) is due on the below listed date. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO.1, for decedents dying on or after July 1, 1992, the personal representative or his councel, within ten (10) days after giving proper notice to the beneficiaries and intestate heirs as required by subdivision (a) of Rule 5.7, shall file with the Register of Wills or Clerk of the Orphans' Court his/her 'Certification of Notice. This filing 1S due by: 01/26/2008 Please feel free to contact this office with any questions you may have. If you have already filed your certificate, please disregard this notice. Sincerely, ,~~, ~~~~tj !~M~,A? Glenda Farner Strasbaugh Clerk of the Orphans' Court cc: File Counsel Q BEFORE THE REGISTER OF WILLS CUMBERLAND COUNTY, PENNSYL VANIA INRE: ESTATE OF CLARENCE V. KNUDSEN : IN THE COURT OF COMMON PLEAS : CUMBERLAND COUNTY, PENNSYL VANIA : ORPHANS' COURT DIVISION : ESTATE NO. 2000-00831 : SOCIAL SECURITY #508-03-2687 CERTIFICATION OF NOTICE UNDER RULE 5.6(a) Name of Decedent: Clarence V. Knudsen Date of Death: October 5, 2007 Will No.: Adm. No.: 2000-00831 To the Register: I certify that notice of estate administration required by Rule 5.6(a) of the Orphans' Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on March 5, 2008. Ruth E. Knudsen c/o David C. Knudsen 1302 Reading Blvd. Wyomissing, PA 19610 PNC Bank, N.A., Trustee and David C. Knudsen, Trustee of the Clarence V. Knudsen Trust Under Agreement dated March 6, 2001 Debra A. Smith, CTF A Trust Advisor - Assistant Vice President PNC Wealth Management 4242 Carlisle Pike Camp Hill, PA 17011 C') ~ ,.. BOSWELL, TINTNER ICCOLA & ALFORD By: C Jeffrey swell, Esquire Supreme Court I.D. #25444 315 North Front Street P. O. Box 741 Harrisburg, P A 17108-0741 (717) 236-9377 .- L~_ 1:'"") , ~ -. Capacity: _ Personal Representative X Counsel for personal representative - - Dated: March 6, 2008 ---h IMPORTANT NOTICE NOTICE OF ESTATE ADMINISTRATION THIS NOTICE DOES NOT MEAN THAT YOU WILL RECEIVE ANY MONEY OR PROPERTY FROM THIS ESTATE OR OTHERWISE Whether you will receive any money or property will be determined wholly or partly by the decedent's will. If the decedent died without a will, whether you will receive any money or property will be determined by the intestacy laws of Pennsylvania. BEFORE THE REGISTER OF WILLS CUMBERLAND COUNTY, PENNSYL VANIA INRE: ESTATE OF CLARENCE V. KNUDSEN : IN THE COURT OF COMMON PLEAS : CUMBERLAND COUNTY, PENNSYLVANIA . : ORPHANS' COURT DIVISION : ESTATE NO. 2000-00831 : SOCIAL SECURITY #508-03-2687 NOTICE OF BENEFICIAL INTEREST IN ESTATE PURSUANT TO RULE 5.6 TO: Ruth E. Knudsen c/o David C. Knudsen 1302 Reading Blvd. Wyomissing, P A 19610 PNC Bank, N.A., Trustee and David C. Knudsen, Trustee of the Clarence V. Knudsen Trust Under Agreement dated March 6, 2001 Debra A. Smith, CTF A Trust Advisor - Assistant Vice President PNC Wealth Management 4242 Carlisle Pike Camp Hill, P A 17011 Please take notice of the death of decedent and the grant of letters to the personal representative(s) named below. The Decedent, Clarence V. Knudsen, died on the 5th day of October, 2007, at Cumberland County, Pennsylvania. The Decedent died testate. The personal representative of the Decedent is David C. Knudsen, 1302 Reading Blvd., Wyomissing, PA 19610, telephone no. (610) 373-6814. The will has been filed with the Office of the Register of Wills of Cumberland County, Cumberland County Courthouse, I Courthouse Square, Carlisle, Pennsylvania 17013-3387. A copy of the Will or Petition may be obtained by contacting the Register of Wills and paying the charges for duplication. BOSWELL, TINTNER, PICCOLA & ALFORD By: ~rl " Je~~ell, Esq~ire Supreme Court LD. #25444 315 North Front Street P. O. Box 741 Harrisburg, PA 17108-0741 (717) 236-9377 Capacity: _ Personal Representative _X_Counsel for personal representative Dated: March 6, 2008 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 1 7 1 2 8-0601 RECEIVED FROM: KNUDSEN DAVID C 1302 READING BLVD WYOMISSING, PA 19610 -------- ,o~d PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT REV-1162 EX(11-96) NO. CD 010033 ACN ASSESSMENT AMOUNT CONTROL NUMBER ESTATE INFORMATION: ssN: 508-o3-2sa~ FILE NUMBER: 2100-0831 DECEDENT NAME: KNUDSEN CLARENCE V DATE OF PAYMENT: O7/ 1 8/2008 POSTMARK DATE: 07/17/2008 COUNTY: CUMBERLAND DATE OF DEATH: 10/05/2007 REMARKS: RECEIPT TP ATTY CHECK# 001 SEAL 101 ~ $32,799.22 f TOTAL AMOUNT PAID: INITIALS: AKK RECEIVED BY: 532,799.22 GLENDA EARNER STRASBAUGH REGISTER OF WILLS REGISTER OF WILLS R y 15056041147 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue County Code Year File Number Bureau of Individual Taxes INHERITANCE TAX RETURN PO 60X.280601 2 1 0 0 0 0 8 3 1 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 508 03 2687 10 05 2007 06 30 1909 Decedent's Last Name Suffix Decedent's First Name MI KNUDSEN CLARENCE V (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW j X I 1. Original Return ' ,~ 2. Supplemental Return 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate ' 4a. Future Interest Compromise ~ 5. Federal Estate Tax Return Required `----' ---- (date of death after 12-12-82) ~-J ~( ', g Decedent Died Testate i ~ Decedent Maintained a Living Trust $. Total Number of Safe Deposit Boxes -- (Attach Copy of Wilq I-- ~ (Attach Copy of Trust) 9. Litigation Proceeds Received 1p, Spousal Poverty Credit (date of death ~ X 11.Election to tax under Sec. 9113(A) between 1231-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number JEFFREY R BOSWELL, ESQUIRE 717 236 9377 Firm Name (If Applicable) BOSWELL, TINTNER, PICCOLA First line of address 315 NORTH FRONT STREET Second line of address P. O. BOX 741 City or Post Office HARRISBURG REGISTf~~ WILLS ~E ON_LY ;__,--~~ -^:~ n r_r >~-rn .~ C - SATE FILED ~ -- State ZIP Code PA 17108-0741 Correspondent'se-mail address: Jboswell@btpalaw.COm Und Wallies of perjury, I de lare that I ha a examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is ,correct and complete~Declarati f prepfirer other than the personal representative Is based on all information of which preparer has any knowledge. David C. Knudsen, Executor 1302 Reading Blvd., Wyomissing, PA 19610 SIGNATURE OF PREPARER OTHER HAN REPRESENTATIVE DATE 7 Jeffrey R Boswell, Esquire 7 ~ ~-~ I ~0~ ADDRESS ~ ~ ~ f 315 North Front Street, Harrisburg, PA 17108-0741 Side 1 15056041147 ~ 15056041147 J 15056042148 REV-1500 EX Decedent's Name: ClBrenCe V. Knudsen RECAPITULATION 1. Real Estate (Schedule A) ....................................................................................... 1. 2. Stocks and Bonds (Schedule B) ............................................................................. 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C)......... 3. 4. Mortgages & Notes Receivable (Schedule D) ........................................................ 4. 5• Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ............... 5. 6. Jointly Owned Property (Schedule F) ' ~I Separate Billing Requested............ 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ ~i Separate Billing Requested............ 7. 8. Total Gross Assets (total Lines 1-7) ..................................................................... g. 9. Funeral Expenses & Administrative Costs (Schedule H) ....................................... 9. 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) .............................. 10. 11. Total Deductions (total Lines 9 & 10) ................................................................... 11. 12~ Net Value of Estate (Line 8 minus Line 11) ........................................................... 12. 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ............................................... 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) . ............................................. . 14. TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, of transfers under Sec. 9116 (a)(1.2) X .00 0 0 0 15. 16. Amount of Line 14 taxable 7 2 8 , 8 '] 1 4 9 16 at lineal rate X .045 . 17. Amount of Line 14 taxable at sibling rate X .12 0 0 0 17. 18. Amount of Line 14 taxable at collateral rate X .15 0 Q 0 18. 19. Tax Due .................................................................................................................. 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. 15056042148 Side 2 Decedent's Social Security Number 508 03 2687 7,217.71 746,419.31 753,637.02 22,533.50 2,232.03 24,765.53 728,871.49 728,871.49 0.00 32,799.22 0.00 0.00 32,799.22 15056042148 J REV-1500 EX Page 3 Decedent's Complete Address: File Number 21-00-00831 Clarence V. Knudsen STREET ADDRESS 5225 Wilson Lane CITY STATE ZIP Mechanicsburg 1 PA ~ 17055 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) (1) 32,799.22 2. Credits/Payments A. Spousal Poverty Credit g. Prior Payments C. Discount 0.00 Total Credits (A + B + C) (2) 0.00 3. InteresUPenalty if applicable p. Interest E. Penalty Total Interest/Penalty (D + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4) __ Check box on Page 2 Line 20 to request arefund 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 32, 799.22 A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 3 2 , 7 9 9.2 2 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :................................................................................ x ~ ~f J b. retain the right to designate who shall use the property transferred or its income :.................................. ~~ c. retain a reversionary interest; or ............................................................................................................... ^x ~ J d. receive the promise for life of either payments, benefits or care? ............................................................ ~x ~ ~ 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? .................................................................................................................... _ ~ ~ ~ X 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?........ _ ~', 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? .................................................................................................................. ~~ ~i IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART O F THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116 1.2) [72 P.S. §9116 (a) (1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116 (a) (1.3)]. A sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. F~ev-1508 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF (FILE NUMBER Knudsen, Clarence V. 21-00-00831 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointlyowned with the right of survivorship must be disclosed on schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Capital Blue Cross -Insurance refund 271.31 2 Clarence V. Knudsen Trust -Accrued income to 10/05/2007 220.40 3 PA Department of Revenue - 40-PA-2007 income tax refund 396.00 4 State Workers Insurance Fund -Refund of insurance premium - 12/13/2007 927.00 5 State Workers Insurance Fund -Refund of insurance premium - 7/03/2008 6 Parthemer Funeral Home -Prepaid funeral 804.00 4,599.00 TOTAL (Also enter on Line 5, Recapitulation) I 7,217.71 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) ~tev-1510 EX+ (6-98) SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF (FILE NUMBER Knudsen, Clarence V. 21-00-00831 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of thf: REV-1500 COVER SHEET is yes. ITEM NUMBER D RIPTI N PR P INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION (IF APPLICABLE) TAXABLE VALUE 1 Clarence V. Knudsen Trust Under Agreement, 746,419.31 100.000 746,419.31 dated March 6, 2001 - inter vivos trust -see attached -Taxable value increased $27,000.00 pursuant to 72 P.S. §9107(c)(3) for gifts made 01/10/2007 and 01/22/2007 TOTAL (Also enter on Line 7, Recapitulation) I 746,419.31 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 6-98) FiEV-1151 EX+ (12-99) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Knudsen, Clarence V. 21-00-00831 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER q, FUNERAL EXPENSES: See continuation schedule(s) attached B. 1 ADMINISTRATIVE COSTS: Personal Representative's Commissions David C. Knudsen Social Security Number(s) / EIN Number of Personal Representative(s): Street Address 1302 Reading Blvd. city Wyomissing state PA zip 19610 Year(s) Commission paid 2, Attorney's Fees Boswell, Tintner, Piccola 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 5,696.48 0.00 15,000.00 4. Probate Fees Cumberland County Register of Wills 102.00 5. Accountant's Fees Michael A. Kunisky, CPA 275.00 6. Tax Return Preparer's Fees 7. Other Administrative Costs 1,460.02 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 22,533.50 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) ~ev-1502 EX+ (6.98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H-A FUNERAL EXPENSES continued ESTATE OF (FILE NUMBER Knudsen, Clarence V. 21-00-00831 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-A (Rev. 6-98) Rev-7502 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H-B7 OTHER ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Knudsen, Clarence V. 21-00-00831 ITEM NUMBER DESCRIPTION AMOUNT 1 Boswell, Tintner, Piccola -disbursements 25.00 2 Boswell, Tintner, Piccola -Closing fee 500.00 3 Cumberland County Law Journal -Advertisement 75.00 4 Cumberland County Register of Wills -Additional probate fees and filing fees for 30.00 Inheritance Tax return and Cumberland County Inventory 5 PNC Bank Trustee compensation October 2007 655.44 6 The Sentinel -Advertise estate 174.58 Subtotal ~ 1,460.02 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-B7 (Rev. 6-98) k Rev-1512 EX+~6-98) SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF (FILE NUMBER Knudsen, Clarence V. 1 21-00-00831 Include unreimbursed medical expenses. (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98) SCHEDULE J COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF FILE NUMBER Knudsen, Clarence V. 21-00-00831 NAME AND ADDRESS OF RELATIONSHIP TO DECEDENT SHARE OF ESTATE AMOUNT OF ESTATE NUMBER PERSON(S) RECEIVING PROPERTY Do Not List Trustee s (Words) ($$$) I TAXABLE DISTRIBUTIONS [include outright spousal f ~ ers distributions, and trans under Sec. 9116(a)(1.2)] 1 David C. Knudsen Son 1/3 share of 1302 Reading Blvd. residue Reading, PA 19610 2 Karen A. Knudsen Daughter 113 share of 150 Spring Lane residue Philadelphia, PA 19128 3 Paul R. Knudsen Son 1/3 share of 18 S. York Road residue Dillsburg, PA 17019 4 Ruth E. Knudsen Wife Llfe income clo David C. Knudsen beneficiary of 1302 Reading Blvd. Clarence V. Wyomissing, PA 19610 Knudsen Trust Total Enter dollar amounts for distributions shown above on lines 15 through 18, as approp riate, on Rev 1500 cov er sheet II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET I U.Uu Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 6-98) Rev-1151 EX (1-97) (I) SCHEDULE O COMMONWEALTH OF PENNSYLVANIA ELECTION UNDER SEC. 9113(A) INHERITANCE TAX RETURN RESIDENT DECEDENT (SPOUSAL DISTRIBUTIONS) ESTATE OF FILE NUMBER Knudsen, Clarence V. 21-00-00831 Do not complete this schedule unless the estate is making the election to tax assets under Section 9113(A) of the Inheritance & Estate Tax Act. If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust. This election applies to the Clarence V. Knudsen Trust (marital, residual A, B, By-pass, Unified Credit, etc.). If a trust or similar arrangement meets the requirements of Section 9113(A), and: a, The trust or similar arrangement is listed on Schedule O, and b. The value of the trust or similar arrangement is entered in whole or in part as an asset on Schedule O, then the transferor's personal representative may specifically identify the trust (all or a fractional portion or percentage) to be included in the election to have such trust or similar property treated as a taxable transfer in this estate. If less than the entire value of the trust or similar property is included as a taxable transfer on Schedule O, the personal representative shall be considered to have made the election only as to a fraction of the trust or similar arrangement. The numerator of this fraction is equal to the amount of the trust or similar arrangement included as a taxable asset on Schedule O. The denominator is equal to the total value of the trust or similar arrangement. Part A: Enter the description and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's surviving spouse under a Section 9113 (A) trust or similar arrangement. Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule O (Rev. 6-98) F+aR F{' Ln}cr TF,e rl~n n.i..T~r... .....A ....I.... ..L .-i~ :.-a____a_ ~__,..~_ ~ .._ ... .. .. _ _ _ tIr more space Is neeaea, Insert additional sheets of the same size) Rev-1502 EX+ (6-98) SCHEDULE O ELECTION UNDER SEC. 9113(A) (SPOUSAL DISTRIBUTIONS) Part A. All Property continued ESTATE OF (FILE NUMBER Knudsen, Clarence V. 21-00-00831 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule O-A (Rev. 6-98) Rev-1502 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE O ELECTION UNDER SEC. 9113(A) (SPOUSAL DISTRIBUTIONS) Part B. Election Is Made continued ESTATE OF (FILE NUMBER Knudsen, Clarence V. 21-00-00831 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule O-B (Rev. 6-98) LAST WILL OF CLARENCE v KNUDSEN -, __ _. _ ~., _ _, ~ c Jeffrey R. Boswell Boswell, Tintner, Piccola & Wickersham 315 North Front Street Harrisburg, Pennsylvania 17101 LAST WILL AND TESTAMENT OF CLARENCE V. KNUDSEN Introductory Clause. I, CLARENCE V. KNUDSEN, a resident of and domiciled in the Township of LOWER ALLEN, County of CUMBERLAND and Commonwealth of Pennsylvania, do hereby make, publish and declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils at any time heretofore made by me. I am married to RUTHE. KNUDSEN. I have three living children: KARENA. KNUDSEN; PAUL R. KNUDSEN; and DAVID C. KNUDSEN. ITEM I Direction to Pay Debts. I direct that all my legally enforceable debts, secured and unsecured, be paid as soon as practicable after my death. ITEM II General Bequest of Personal and Household Effects With a Precatory Memorandum. I give and bequeath all my personal and household effects of every kind including but not limited to furniture, appliances, furnishings, pictures, silverware, china, glass, books, jewelry, wearing apparel, boats, automobiles, and other vehicles, and all policies of fire, burglary, property damage, and other insurance on or in connection with the use of this property, to my wife, RUTHE. KNUDSEN, if she shall survive me. If my wife shall not survive me, I give ar,d bequeath all this property to rr~ty cl-iiidreii surviving me, in approxi-~ately equal shares; provided, however, the issue of a deceased child surviving me shall take per stirpes the share their parent would have taken had he or she survived me. If my issue do not agree to the division of the property among themselves, my Executor shall make such division among them, the decision of my Executor to be in all respects binding upon my issue. I request that my wife, my Executor and my issue abide by any memorandum by me directing the disposition of this property or any part thereof. This request is precatory and not mandatory. If any beneficiary hereunder is a minor, my Executor may distribute such minor's share to such minor or for such minor's use to any person with whom such minor is residing or who has the care or control of such minor without further responsibility and the receipt of the person to whom it is distributed shall be a complete discharge of my Executor. The cost of packing and shipping such property shall be charged against my estate as an expense of administration. ]..ast Will and Testament of Ct.ARENCE V. KNUDSEN Page ITEM III Pour-Over Gift to Trustee of Testator's Inter Vivos Trust. I give, devise and bequeath all the rest, residue and remainder of my property of every kind and description (including lapsed legacies and devises), wherever situate and whether acquired before or after the execution of this Will, to PNCBANK, N.A. and DAVID C. KNUDSEN as Trustee under that certain Trust Agreement between me as Settlor and PNC BANK, N.A. and DAVID C. KNUDSEN as Trustee executed prior to the execution of this Will on the ~ day of March, 2001. My Trustee shall add the property bequeathed and devised by this Item to the principal of the above Trust and shall hold, administer and distribute the property in accordance with the provisions of the Trust Agreement, including any amendments thereto made before my death. ITEM IV Alternate .Provision to Incorporate Trust by Reference if Pour-Over is Invalid. In the event for any reason the bequest and devise above is ineffective and invalid, then I hereby give, devise and bequeath the rest, residue and remainder of my property of every kind and description (including lapsed legacies and devises), wherever situate and whether acquired before or after the execution of this Will, to PNC BANK, N.A. and DAVID C. KNUDSEN as Trustee to be held, administered and distributed in accordance with the provisions of that certain Trust Agreement between me as Settlor and PNCBANK, N.A. and DAVID C. KNUDSEN as Trustee executed prior to the execution of this Will on the ~ day of March, 2001, which Trust Agreement is hereby incorporated by reference and made a part hereof the same as if the entire Trust Agreement were set forth herein. If for any reason PNC BANK, N.A. and DAVID C. KNUDSEN are unable or unwilling to serve then I hereby nominate, constitute and appoint as successor or substitute Trustee a bank or trust company qualified to do business in the State of my domicile at the time of my death, which successor or substitute Trustee shall be designated in a written instrument filed with the court having jurisdiction over the probate of my estate and signed by my wife or if she fails to act signed by or on behalf of my oldest living child or if he or she fails to act, by the court having jurisdiction over the probate of my estate. ITEM V Naming the Executor, Executor Succession, Executor's Fees and Other Matters. The provisions for naming the Executor, Executor succession, Executor's fees and other matters are set forth below: (1) Naming an Individual Executor. I hereby nominate, constitute and appoint as Executor of this my Last Will and Testament DAVID C. KNUDSEN and direct that he shall serve without bond. (2) Naming Individual Successor or Substitute Executor. If my individual Executor should fail to qualify as Executor hereunder, or for any reason should cease to act in Last Will and Testament of CLARENCE V. KNUDSEN Page Z such capacity, the successor or substitute Executor who shall also serve without bond shall be KAREN A. KNUDSEN. (3) Final Succession If Individual Successor Executor Cannot Act. If my individual successor Executor should fail to qualify as Executor hereunder, or for any reason should cease to act in such capacity, then the successor or substitute Executor who shall also serve without bond shall be PNC BANK, N.A. (4) Fee Schedule for Individual Executor. For its services as Executor, the individual Executor shall receive reasonable compensation for the services rendered and reimbursement for reasonable expenses. (5) Fee Schedule for Corporate Executor. For its services as Executor, the corporate Executor shall receive an amount determined by its Standard Fee Schedule in effect and applicable at the time of the performance of such services. If no such schedule shall be in effect at that time, it shall be entitled to reasonable compensation for the services rendered. (6) Change in Corporate Fiduciary. Any corporate successor to the trust business of the corporate fiduciary designated herein or at any time acting hereunder shall succeed to the capacity of its predecessor without conveyance or transfer. ITEM VI Definition of Executor. Whenever the word "Executor" or any modifying or substituted pronoun therefor is used in this my Will, such words and respective pronouns shall include both the singular and the plural, the masculine, feminine and neuter gender thereof, and shall apply equally to the Executor named herein and to any successor or substitute Executor acting hereunder, and such successor or substitute Executor shall possess all the rights, powers and duties, authority and responsibility conferred upon the Executor originally named herein. ITEM VII Powers for Executor. By way of illustration and not of limitation and in addition to any inherent, implied or statutory powers granted to Executors generally, my Executor is specifically authorized and empowered with respect to any property, real or personal, at any time held under any provision of this my Will: to allot, allocate between principal and income, assign, borrow, buy, care for, collect, compromise claims, contract with respect to, continue any business of mine, convey, convert, deal with, dispose of, enter into, exchange, hold, improve, incorporate any business of mine, invest, lease, manage, mortgage, grant and exercise options with respect to, take possession of, pledge, receive, release, repair, sell, sue for, to rnake distributions or divisions in cash or in kind or partly in each without regard to the income tax basis of such asset, and in general, to exercise all the powers in the management of my Estate which any individual could exercise in the management of similar property owned in his or her own right, upon such terms Last Will and Testament of CLARENCE V. KNUDSEN Page 3 and conditions as to my Executor may seem best, and to execute and deliver any and all instruments and to do all acts which my Executor may deem proper or necessary to carry out the purposes of this my Will, without being limited in any way by the specific grants of power made, and without the necessity of a court order. ITEM VIII Provision for Executor to Act as Trustee for Beneficiary Under Age Twenty-Five. If any share or property hereunder becomes distributable to a beneficiary who has not attained the age of Twenty-five (25) years or if any real property shall be devised to a person who has not attained the age of Twenty-five (25) years at the date of my death, then such share or property shall immediately vest in the beneficiary, but notwithstanding the provisions herein, my Executor acting as Trustee shall retain possession of the share or property in trust for the beneficiary until the beneficiary attains the age of Twenty-five (25), using so much of the net income and principal of the share or property as my Executor deems necessary to provide for the medical care, education, support and maintenance in reasonable comfort of the beneficiary, taking into consideration to the extent my Executor deems advisable any other income or resources of the beneficiary or his or her parents known to my Executor. Any income not so paid or applied shall be accumulated and added to principal. The beneficiary's share or property shall be paid over, distributed and conveyed to the beneficiary upon attaining age Twenty-five (25), or if he or she shall sooner die, to his or her executors or administrators. Whenever my Executor determines it appropriate to pay any money for the benefit of a beneficiary for whom a trust is created hereunder, then the amounts shall be paid out by my Executor in such of the following ways as my Executor deems best: (1) directly to the beneficiary; (2) to the legally appointed guardian of the beneficiary; (3) to some relative or friend for the care, support and education of the beneficiary; (4) by my Executor using such amounts directly for the beneficiary's care, support and education; (5) to a custodian for the beneficiary under the Uniform Gifts or Transfers to Minors Act. My Executor as trustee shall have with respect to each share or property so retained all the powers and discretions conferred upon it as Executor. ITEM IX Discretion Granted to Executor- ir. Deference to Tax Matters. My Executor as the fiduciary of my estate shall have the discretion, but shall not be required when allocating receipts of my estate between income and principal, to make adjustments in the rights of any beneficiaries, or among the principal and income accounts to compensate for the consequences of any tax decision or election, or of any investment or administrative decision, that my Executor believes has had the effect, directly or indirectly, of preferring one beneficiary or group of beneficiaries over others; provided, however, my Executor shall not exercise its discretion in a manner which would cause the loss or reduction of the marital deduction as maybe herein provided. In determining the state or federal estate and income tax liabilities of my estate, my Executor shall have discretion to select the valuation date and to determine whether any or all of the allowable administration expenses in my estate shall be used as state or federal estate tax Last Will and Tes[amem of CLARENCE V. KNUDSEN Page 4 deductions or as state or federal income tax deductions and shall have the discretion to file a joint income tax return with my wife. ITEM X Definition of Children. For purposes of this Will, "children" means the lawful blood descendants in the first degree of the parent designated; and "issue" and "descendants" mean the lawful blood descendants in any degree of the ancestor designated; provided, however, that if a person has been adopted, that person shall be considered a child of such adopting parent and such adopted child and his or her issue shall be considered as issue of t11e adopting parent or parents and of anyone who is by blood or adoption an ancestor of the adopting parent or either of the adopting parents. The terms "child," "children," "issue," "descendant" and "descendants" or those terms preceded by the terms "living" or "then living" shall include the lawful blood descendant in the first degree of the parent designated even though such descendant is born after the death of such parent. The term "per stirpes" as used herein has the identical meaning as the term "taking by representation" as defined in the Pennsylvania Probate Code. ITEM XI Definition of Words Relating to the Internal Revenue Code. As used herein, the words "gross estate," "adjusted gross estate," "taxable estate," "unified credit" ("unified credit" shall also mean "applicable credit amount"), "state death tax credit," "maximum marital deduction," "marital deduction," "pass," and any other word or words which from the context in which it or they are used refer to the Internal Revenue Code shall have the same meaning as such words have for the purposes of applying the Internal Revenue Code to my estate. For purposes of this Will, my "available generation-skipping transfer exemption" means the generation-skipping transfer tax exemption provided in section 2631 of the Internal Revenue Code of 1986, as amended, in effect at the time of my death reduced by the aggregate of (1}the amount, if any, of my exemption allocated to lifetime transfers of mine by me or by operation of law, and (2) the amount, if any, I have specifically allocated to other property of my gross estate for federal estate tax purposes. Fcr purposes of this Will. if at the time of my death I :have made gifts with an inclusion ratio of greater than zero for which the gift tax return due date has not expired (including extensions) and I have not yet filed a return, it shall be deemed that my generation- skipping transfer exemption has been allocated to these transfers to the extent necessary (and possible) to exempt the transfers} from generation-skipping transfer tax. Reference to sections of the Internal Revenue Code and to the Internal Revenue Code shall refer to the Internal Revenue Code amended to the date of my death. Last Will and Testament of CLARENCE V. KNLIDSEN Page 5 COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN ss. Subscribed, sworn to, and acknowledged before me by CLARENCE Y. KNUDSEN, the Testator, and subscribed and sworn to before me by ~'eF~e~a t3oswe,G1 and i~,to ~1. tarowr/ ,witnesses, this day of March, 2001. r / l /l/S/ cc..c.._ r~ ~ (Sea1~ Notary Public for Pennsylvani .,.~._..~.______.m....~~__~..~.,..___~~._,.~..,_. _ , My Commission Expires: Notariu6 se~i onrne .Hardy, Notary Public Harrisburg, Dauphin Ccunty My Commission Expires Feb. 10, 2003 Last Will and Tutamem orCLARENCE V. KNUDSEN Page 7 ITEM XII Statement by Testator of Intent Not to Exercise Power of Appointment. I hereby refrain from exercising any power of appointment that I may have at the time of my death. ITEM XIII Simultaneous Death Provision Presuming Beneficiary Predeceases Testator. Reverse Presumption as to Wife. If any beneficiary and I should die under such circumstances as would make it doubtful whether the beneficiary or I died first, then it shall be conclusively presumed for the purposes of this Will that the beneficiary predeceased me; provided, however, that if my wife shall die with me as aforesaid, I direct that she shall be conclusively presumed to have survived me. Testimonium, Attestation and Self-Proving Affidavit. l:, CLARENCE V. KNUDSEN, the Testator, sign my name to this instrument this ~ day of March, 2001, and being first duly sworn, do hereby declare to the undersigned authority that I sign and execute this instrument as my last will and that I sign it willingly (or willingly direct another to sign forme), that I execute it as my free and voluntary act for the purposes therein expressed, and that I am eighteen years of age or older, of sound mind, and under no constraint or undue influence. (!/~~~~~N,E~~aG JCS/` CLARENCE V. KNUDSEN We, 3e~'~'•~~ ~sweli and (~rw,p A- ~w~ ,the witnesses, sign our names to this instrument, being first duly sworn, and do hereby declare to the undersigned authority that the Testator signs and executes this instrument as his last will and that he signs it willingly (or willingly directs another to sign for him), and that each of us, in the presence and hearing of the Testator, and in the presence of each other, hereby signs this will as witness to the Testator's signing, and that to the best of our knowledge the Testator is eighteen years of age or older, of sound mind, and under no constraint or undue influence. -.-l.L_ y~- (Witness) u..~. Gtr /~~'.~."`J (Witness) Last Will and 7cstatnent o(CLP.RENCE V. KNUDSEN Page 6 Issues sorted by security. ESTATE TAX SECURITIES VALUATION PAGE NO. 1 ACCOUNT: 3893753 Name of Estate: CLARENCE V KNUD SEN DATE OF DEATH: Friday, October 5 2007 CTEM CUSZP NO. SHARES/ DESCRIPTION PRICE HIGH/ASK LOW/BID MEAN SECURITY ACCRUED COMMENTS ppR VALUE DATE PRICE PRICE PRICE VALUE DIV/INT 1) 020039103 698 ALLTEL CORD 10/OS 70.3500 70.1000 70.22500 49,017.05 NYSE COM 2) 067363109 100 BARD C R INC 10/O5 88.2500 67.4900 87.87000 8,787.00 NYSE COM 3) 142339100 1,200 CARLISLE COS INC 10/O5 49.2500 48.8800 49.06500 58,876.00 NYSE COM 4) 208250104 400 CONOCOPHILLIPS 10/OS 84.5500 83.4400 83.99500 33,598.00 NYSE COM 5) 29078E105 50 EMBARQ CORP 10/OS 57.4200 56.1700 56.79500 2,639.75 NYSE COM 6) 302316102 400 EXXON MOBIL CORP 10/OS 91.6500 90.6400 91.14500 36,458.00 NYSE COM 7) 450911102 200 ITT CORP NEW 10/O5 67.9100 66.3500 67.13000 13,426.00 NYSE COM 8) 451663106 40 IDEARC ZNC 10/O5 32.2500 31.8300 32.04000 1,281.60 NYSE COM 9) 693517106 1,200 PPL CORP 10/OS 48.9800 47.9600 48.47000 58,164.00 NYSE COM 10) 693510202 100 PPL ELEC IITILS CORD 10/O5 63.5500 81.0500 82.30000 8,230.00 NYSE PFD 4.409r 11) 713291102 1,372 PEPCO HOLDINGS INC 10/OS 27.8500 27.5200 27.68500 37,983.82 NYSE COM 12) 744573106 2,867 PUBLIC SVC ENTERPRISE GROUP 10/O5 90.1100 88.9100 89.51000 256,625.17 NYSE COM 13) 852061100 1,000 SPRINT NEXTEL CORD 10/O5 19.6600 18.6900 19.26500 19,285.00 NYSE COM FON 14) 863667101 100 STRYKER CORP 10/OS 73.4700 72.5100 72.99000 7,299.00 NYSE COM 15) 902681105 1,000 UGI CORP NEW 10/OS 26.2900 25.9400 26.11500 26,115.00 NYSE COM 16) 92343V104 800 VERIZON COMMUNICATIONS 10/O5 45.4500 45.0200 45.66500* 36,532.00 NYSE COM *DIV. EX 10/05/2007 REC 10/10/2007 PAY 11/01/2007 0.43000 *Added to Mean Price 17) 993077106 217.5400 BLACKROCK LIQUIDITY FUNDS TEMPFUND 217.54 0 .00 MANUAL PRINCIPAL CASH 18) 999077100 13,298.7400 BLACKROCK LIQUIDITY FUNDS TEMPFUND 13,296.74 0 .00 MANUAL INCOME CASH 19) D1668R123 498 DAIMLERCHRYSI.ER AG 10/OS 103.7100 102.6500 103.18000 51,383.64 NYSE ORD Grand Totals Total Principal plus Accrued interest and dividends 719,419.31 0.00 719,419.31 This report was prepared using APPRAISE Ver. 7.4.1 softxare, an EVALUATION SERVICES, INC. product. Phone 201 784 8500. Visit our web sites at WWW.APPRAISENJ.COM and WWW.COSTBASIS.INFO. 3~~f\~i .n.~.t' c{ 3 X23 ^~~ 3~z ~ COPY TRUST AGREEMENT OF CLARENCE v KNUDSEN Jeffrey R. Boswell Boswell, Tintner, Piccola & Wickersham 315 North Front Street Harrisburg, Pennsylvania 17101 TRUST AGREEMENT Introductory Clause. This Agreement made this ~ d y of March, 2001, between CLARENCE Y. KNUDSEN, hereinafter referred to as the Settlor and PNC BANK, N.A., hereinafter referred to as the corporate trustee, and DAVID C. KNUDSEN ,hereinafter sometimes referred to as the individual trustee. The corporate trustee and the individual trustee are hereinafter collectively referred to as the Trustee. The Settlor is married to RUTHE. KNUDSEN and has three living children: KAREN A. KNUDSEN; PAUL R. KNUDSEN; and DAVID C. KNUDSEN. ARTICLE I Description of Property Transferred. The Settlor has paid over, assigned, granted, conveyed, transferred and delivered, and by this Agreement does hereby pay over, assign, grant, convey, transfer and deliver unto the Trustee the property described in Schedule A, annexed hereto and made a part hereof. This property and any other property that maybe received or which has been received by the Trustee hereunder, as invested and reinvested (hereinafter referred to as the "Trust Estate"), shall be held, administered and distributed by the Trustee as hereinafter set forth. ARTICLE II Rights of Settlor and Trustee in Insurance Policies. During the Settlor's lifetime, the Settlor shall have all rights under any life insurance policies payable to the Trustee, including the right to change the beneficiary, to receive any dividends or other earnings of such policies without accountability therefor to the Trustee or any beneficiary hereunder, and may assign any policies to any lender, including the Trustee, as security for any loan to the Settlor or any other person; and the Trustee shall have no responsibility with respect to any policies, for the payment of premiums or otherwise, except to hold any policies received by the Trustee in safekeeping and to deliver them upon the Settlor's written request and upon the payment to the Trustee of reasonable compensation for services. The rights of any assignee of any policy shall be superior to the rights of the Trustee. If any policy is surrendered or if the beneficiary o~ any policy is changed, this trust shall be revoked with respect to such policy. However, no revocation of the trust with respect to any policy, whether pursuant to the provisions of the preceding sentence or otherwise, shall be effective unless the surrender or change in beneficiary of the policy is accepted by the insurance company. Upon the death of the insured under any policy held by or known to, and payable to, the Trustee, or upon the occurrence of some event prior to the death of the Settlor that matures any such policy, the Trustee, in its discretion, either may collect the net proceeds and hold them as part of the principal of the Trust Estate, or may exercise any optional method of settlement available to it, and the Trustee shall deliver any policies on the Settlor's life Trust Agreemrnt of CLARENCE V. [INUDSEN Page 1 held by it and payable to any other beneficiaries as those beneficiaries may direct. Payment to, and the receipt of, the Trustee shall be a full discharge of the liability of any insurance company, which need not take notice of this agreement or see to the application of any payment. The Trustee need not engage in litigation to enforce payment of any policy without indemnification satisfactory to it for any resulting expenses. ARTICLE III Provisions for Settlor During Lifetime. The Trustee shall hold, manage, invest and reinvest the Trust Estate (if any requires such management and investment) and shall collect the income, if any, therefrom and shall dispose of the net income and principal as follows: (1) During the lifetime of the Settlor, the Trustee shall pay to or apply for the benefit of the Settlor all the net income from this Trust. (2) During the lifetime of the Settlor, the Trustee may pay to or apply for the benefit of the Settlor such sums from the principal of this Trust as in its sole discretion shall be necessary or advisable from time to time for the medical care, education, support and maintenance in reasonable comfort of the Settlor, taking into consideration to the extent the Trustee deems advisable, any other income or resources of the Settlor known to the Trustee. ARTICLE IV Settlor's Rights to Amend, Change or Revoke the Trust Agreement. The Settlor may, by signed instruments delivered to the Trustee during the Settlor's life: (1) withdraw property from this Trust in any amount and at any time upon giving reasonable notice in writing to the Trustee; (2) add other property to the Trust; (3) change the beneficiaries, their respective shares and the plan of distribution; (4} amend this Trust Agreement in any other respect; (5) revoke this Trust in its entirety or any provision therein; provided, however, the duties or responsibilities of the Trustee shall not be enlarged without the Trustee's consent nor without satisfactory adjustment of the Trustee's compensation. ARTICLE V Discretionary Provisions for Trustee to Deal with Settlor's Estate and Make Payment of Debts and Taxes. After the Settlor's death, the Trustee, if in its discretion it deems it advisable, may pay all or any part of the Settlor's funeral expenses, legally enforceable claims against the Settlor or the Settlor's estate, reasonable expenses of administration of the Settlor's estate, any allowances by court order to those dependent upon the Settlor, any estate, inheritance, succession, death or similar taxes payable by reason of the Settlor's death, together with any interest thereon or other additions thereto, without reimbursement from the 5ettlor's executors or administrators, from any beneficiary of insurance upon the Settlor's life, or from any other person. All such payments, except of interest, shall be charged generally against the principal of the Trust Estate includable in the Settlor's estate for Federal estate tax purposes and any interest Trust Agreemrnt of CLARENCE V, IINIJDSEN Page 2 so paid shall be charged generally against the income thereof; provided, however, any such payments of estate, inheritance, succession, death or similar taxes {except generation-skipping transfer taxes) shall be charged against the principal constituting the KNUDSENFamily Trust and any interest so paid shall be charged against the income thereof. If such share or trust was created as a fraction, then such taxes thus paid shall reduce the numerator of that share or trust and the Trust Estate, thus likewise reducing the denominator of the fraction. The Trustee may make such payments directly or may pay over the amounts thereof to the executors or administrators of the Settlor's estate. Written statements by the executors or administrators of such sums due and payable by the estate shall be sufficient evidence of their amount and propriety for the protection of the Trustee and the Trustee shall be under no duty to see to the application of any such payments. The Trustee shall pay over to the executors or administrators of the Settlor's estate all obligations of the United States Government held hereunder which may be redeemed at par in payment of federal estate taxes. Lf administrative expenses are deducted on the estate's income tax return but paid from principal, then they shall be charged against t1:e KNUDSEN Family Trust. The Trustee shall have the power to charge expenses of administration against income or principal, or apportion such expenses; provided, however, this power may not be exercised in a way which would reduce or otherwise adversely affect the marital deduction otherwise available for federal estate tax purposes. The Trustee shall not exercise this discretion in a manner which would impose a material limitation on the income otherwise passing to the marital share as provided in the regulationsnow in effect or subsequently promulgated and if the decision in the United States Supreme Court case of Commissioner v. Estate of Otis C. Hubert (March 18, 1997) is reversed or overruled by future judicial action, regulation or legislation, then the Trustee shall not possess the power granted herein. ARTICLE VI Specific Distributions. Upon the death of the Settlor, the Trustee shall make the following distributions: (1} General Distribution of Personal and Household Effects With a Precatory Memorandum. All the Settlor's personal and household effects of every kind including but not limited to furniture, appliances, furnishings, pictures, silverware, china, glass, books, jewelry, wearing apparel, boats, automobiles, and other vehicles, and all policies of fire, burglary, property damage, and other insurance on or in connection with the use of this property, shall be distributed to the 5ettlor's wife, RUTHE. KNUDSEN, if she shall survive the Settlor. If she shall not survive the Settlor, all this property shall be distributed to the children surviving the Settlor, in approximately equal shares; provided, however, the issue of a deceased child surviving the Settlor shall take per stirpes the share their parent would have taken had he or she survived the Settlor. If the Settlor's issue do not agree to the division of the property among themselves, the Trustee shall make such division among them, the decision of the Trustee to be in all respects binding upon the 5ettlor's issue. The Settlor requests that the Settlor's wife, the Trustee and the Settlor's issue abide by any memorandum by the Settlor directing the disposition of this property or any part thereof. This request is precatory and not mandatory. If any beneficiary hereunder is Trust Agreement of CLARENCE V. KNUDSEN Page 3 a minor, the Trustee may distribute such minor's share to such minor or for such minor's use to any person with whom such minor is residing or who has the care or control of such minor without further responsibility and the receipt of the person to whom it is distributed shall be a complete discharge of the Trustee. The cost of packing and shipping such property shall be charged as an expense of administration. (2) Definition of Trust Estate. As used in this Trust Agreement, the words "Trust Estate" shall mean the entire Trust Estate minus the specific distributions under this Article. ARTICLE VII Upon the death of the Settlor, the Trustee shall divide the Trust Estate (which shall include any property which maybe added from the Settlor's general estate) as follows: (1) Creation of TI:eRUTHE. KNUDSENShare and The KNUDSENFarnily Trust. If the Settlor is survived by the Settlor's wife, RUTHE. KNUDSEN, the Trustee shall divide the Trust Estate into Two (2) separate shares, hereinafter designated as "the RUTHE. KNUDSEN Share" and "the KNUDSEN Family Trust." The RUTHE. KNUDSEN Share shall be composed of cash, securities or other property of the Trust :Estate (undiminished by any estate, inheritance, succession, death or similar taxes) having a value equal to the maximum marital deduction as finally determined in the Settlor's federal estate tax proceedings, less the aggregate amount of marital deductions, if any, allowed for such estate tax purposes by reason of property or interests in property passing or which have passed to the Settlor's wife otherwise than pursuant to the provisions of this Article; provided, however, the amount for the RUTHE. KNUDSENShare hereunder shall be reduced by the amount, if any, needed to increase the Settlor's taxable estate (for federal estate tax purposes) to the largest amount that, after allowing for the unified credit against the federal estate tax, and the state death tax credit against such tax -(but only to the extent that the use of such state death tax credit does not increase the death tax payable to any state), will result in the smallest (if any) federal estate tax being imposed on the Settlor's estate. The term "maximum marital deduction" shall not be construed as a direction by the Settlor to exercise any election respecting the deduction of estate administration expenses, the determination of the estate tax valuation date, or any other tax election which maybe available under any tax laws, only in such manner as will result in a larger allowable estate tax marital deduction than if the contrary election had been made. The Trustee shall have the sole discretion to select the assets which shall constitute theRUTHE. KNUDSENShare. In no event, however, shall there be included in this the RUTHE. KNUDSENShare any asset or the proceeds of any asset which will not qualify for the federal estate tax marital deduction, and this theRUTHE. KNUDSENShare shall be reduced to the extent that it cannot be created with such qualifying assets. The Trustee shall value any asset selected by the Trustee for distribution in kind as a part of the RUTHE. KNUDSENShare hereunder at the value of such asset at the date of distribution of such asset. The RUTHE. KNUDSENShare-shall be paid over and distributed to the Settlor's wife free of trust. The KNUDSEN Family Trust shall be the balance of the Trust Estate after the assets have been selected for the RUTHE. KNUDSENShare. Trust Agreert~ent of CL.ARENCfi V. [INUDSEN Page 4 (2) Creation of The KNUDSEN Family Trust. If the Settlor's wife shall not survive the Settlor, the KNUDSEN Family Trust shall be the entire Trust Estate. The KNUDSEN Family Trust shall be administered as hereinafter set forth. ARTICLE VIII The KNUDSEN Family Trust Introductory Provision. The KNUDSEN Family Trust shall be held, administered and distributed as follows: (1) Payment to Wife of All Income. If the Settlor's wife-shall survive the Settlor, then commencing with the date of the Settlor's death, the Trustee shall pay to or apply for the benefit of the Settlor's wife during her lifetime all the net income from the KNUDSEN Family Trust in convenient installments but no less frequently than quarter-annually. (2) Discretionary Payments of Principal for Wife. If the Settlor's wife shall survive the Settlor, the Trustee may pay to or apply for the benefit of the Settlor's wife during her lifetime, such sums from the principal of the KNUDSEN Family Trust as in its sole discretion shall be necessary or advisable from time to time for the medical care, education, support and maintenance in reasonable comfort of the Settlor's wife, taking into consideration to the extent. the Trustee deems advisable, any other income or resources of the Settlor's wife known to the Trustee. (3) Limited Withdrawal by Wife. In addition to the income and discretionary payments of principal from this Trust, there shall be paid to the Settlor's wife during her lifetime from the principal of this Trust upon her written request during the last month of each fiscal year of the Trust an amount not to exceed during such fiscal year the greater of Five Thousand ($5,000.00) Dollars or Five (5%) per cent of the total value of the principal of the KNUDSEN Family Trust on the last day of such fiscal year without reduction for the principal payment for such fiscal year. This right of withdrawal is noncumulative, so that if the Settlor's wife does not withdraw, during such fiscal year, the full amount to which she is entitled under this Paragraph, her right to withdraw the amount not withdrawn shall lapse at the end of that fiscal year. (4) Division Into Shares for Children. -Upon or after the death of the survivor of the Settlor's wife and the Settlor, the Trustee shall divide this Trust as then constituted into equal separate shares so as to provide One (1) share for each then living child of the Settlor and One (1) share for each deceased child of the Settlor who shall leave issue then living. Each share for a living child of the Settlor shall be distributed to such child. Each share for a deceased child who shall leave issue then living shall be distributed per stirpes to such issue. ARTICLE IX Trustee Succession, Trustee's Fees and Other Matters. The provisions for naming the Trustee, Trustee succession, Trustee's fees and other matters are set forth below: Trust Agreement of C~ARENCE V. KNUDSEN Page 5 (1) Naming Corporate Successor or Substitute Trustee. Except as otherwise provided herein, if PNe BANK, N.A. or any successor as herein defined should fail to qualify as corporate Trustee hereunder, or for any reason should cease to act in such capacity, the successor or substitute corporate Trustee shall be some other bank or trust company qualified to do business in the State of the Settlor's domicile at the time of the Settlor's death, which successor or substitute shall be designated in a written instrument filed with the court having jurisdiction over this Trust and signed by a majority of the adult beneficiaries of this Trust, or if they fail to act, by the court having jurisdiction over this Trust. (2) Naming Individual Successor or Substitute Trustee. If the individual Trustee should fail to qualify as Trustee hereunder, or for any reason should cease to act in such capacity, the successor or substitute Trustee who shall also serve without bond shall be KARENA. KNUDSEN. (3) Fee Schedule for CorporateTrustee. For its services as Trustee, the corporate Trustee shall receive an amount determined by its Standard Fee Schedule in effect and applicable at the time of the performance of such services. If no such schedule shall be in effect at that time, it shall be entitled to reasonable compensation for the services rendered. (4) Fee Schedule for Individual Trustee. For its services as Trustee, the individual Trustee shall receive reasonable compensation for the services rendered and reimbursement for reasonable expenses. (5) Trustee Voting Rights. If there is more than one Trustee serving, then the vote of the Trustees for any action hereunder must be by unanimous vote of the Trustees. (6) Change in Corporate Fiduciary. Any corporate successor to the trust business of the corporate fiduciary designated herein or at any time acting hereunder shall succeed to the capacity of its predecessor without conveyance or transfer. (7) Limitations on Trustees. No person who at any time is acting as Trustee hereunder shall have any power or obligation to participate in any discretionary authority which the Settlor has given to the Trustee to pay principal or income to such person, or for his or her benefit or in relief of his or her legal obligations; provided, however, if an individual trustee (who is also a beneficiary) is the sole trustee or at any time is acting as the sole trustee, and such trustee has discretion to invade principal for himself or herself and such discretionary authority is limited by an ascertainable standard, then such trustee may invade principal (if limited by such standard) for himself or herself but not in relief of his or her legal obligations. (8) Corporate Trustee Resignation. PNC Bank, N.A., or any successor corporate Trustee, shall have the ability to resign as corporate trustee without court approval or prior consent. Tres[ Agrament of CLAR.ENCE V. IQdIIDSEN Page 6 ARTICLE X Definition of Trustee. Whenever the word "Trustee" or any modifying or substituted pronoun therefor is used in this Trust, such words and respective pronouns shall include both the singular and the plural, the masculine, feminine and neuter gender thereof, and shall apply equally to the Trustee named herein and to any successor or substitute Trustee acting hereunder, and such successor or substitute Trustee shall have all the rights, powers and duties, authority and responsibility conferred upon the Trustee originally named herein. ARTICLE XI Powers for Trustee. The Trustee is authorized in its fiduciary discretion (which shall be subject to the standard of reasonableness and good faith to all beneficiaries) with respect to any property, real or personal, at any time held under any provision of this Trust Agreement and without authorization by any court and in addition to any other rights, powers, authority and privileges granted by any other provision of this Trust Agreement or by statute or general rules of law: (1) To retain in the form received any property or undivided interests in property donated to, or otherwise acquired as a part of the Trust Estate, including residential property and shares of the Trustee's own stock, regardless of any lack of diversification, risk or nonproductivity, as long as it deems advisable, and to exchange any such security or property for other securities or properties and to retain such items received in exchange, although such property represents a large percentage of the total property of the Trust Estate or even the entirety thereof. (2) To invest and reinvest all or any part of the Trust Estate in any property and undivided interests in property, wherever located, including bonds, debentures, notes, secured or unsecured, stocks of corporations regardless of class, interests in limited partnerships, limited liability companies or similar entities, real estate or any interest in real estate whether or not productive at the time of investment, interests in trusts, investment trusts, whether of the open and/or closed fund types, and participation in common, collective or pooled trust funds of the Trustee, insurance contracts on the life of any beneficiary or annuity contracts for any beneficiary, without being limited by any statute or rule of law concerning investments by fiduciaries. (3) To sell or dispose of or grant options to purchase any property, real or personal, constituting a part of the Trust Estate, for cash or upon credit, to exchange any property of the Trust Estate for other property, at such times and upon such terms and conditions as it may deem best, and no person dealing with it shall be bound to see to the application of any monies paid. (4) To hold any securities or other property in its own name as Trustee, in its own name, in the name of a nominee (with or without disclosure of any fiduciary relationship) or in bearer form. Trust Agreement of CLARENCE V. [INUDSEN Page 7 (5) To keep, at any time and from time to time, all or any portion of the Trust Estate in cash and uninvested for such period or periods of time as it may deem advisable, without liability for any loss in income by reason thereof. (6) To sell or exercise stock subscription or conversion rights. (7) To refrain from voting or to vote shares of stock which are a part of the Trust Estate at shareholders' meetings in person or by special, limited, or general proxy and in general to exercise all the rights, powers and privileges of an owner in respect to any securities constituting a part of the Trust Estate. (8) To participate in any plan of reorganization or consolidation or merger involving any company or companies whose stock or other securities shall be part of the Trust Estate, and to deposit such stock or other securities under any plan of reorganization or with any protective committee and to delegate to such committee discretionary power with relation thereto, to pay a proportionate part of the expenses of such committee and any assessments levied under any such plan, to accept and retain new securities received by the Trustee pursuant to any such plan, to exercise all conversion, subscription, voting and other rights, of whatsoever nature pertaining to such property, and to pay any amount or amounts of money as it may deem advisable in connection therewith. (9) To borrow money and to encumber, mortgage or pledge any asset of the Trust Estate for a term within or extending beyond the term of the trust, in connection with the exercise of any power vested in the Trustee. (10) To enter for any purpose into a lease as lessor or lessee with or without option to purchase or renew for a term within or extending beyond the term of the trust. (11) To subdivide, develop, or dedicate real property to public use or to make or obtain the vacation of plats and adjust boundaries, to adjust differences in valuation on exchange or partition by giving or receiving. consideration, and to dedicate easements to public use without consideration. (12) To make ordinary or extraordinary repairs or alterations in buildings or other structures, to demolish any improvements, to raze existing or erect new party walls or buildings. (13) To continue and operate any business owned by the Settlor at the Settlor's death and to do any and all things deemed needful or appropriate by the Trustee, including the power to incorporate the business and to put additional capital into the business, for such time as it shall deem advisable, without liability for loss resulting from the continuance or operation of the business except for its own negligence; and to close out, liquidate or sell the business at such time and upon such terms as it shall deem best. Trust Agreemrnt of CCARENCE V. [QJCfDSEN Page 8 (14) To collect, receive, and receipt for rents, issues, profits, and income of the Trust Estate. (15) To insure the assets of the Trust Estate against damage or loss and the Trustee against liability with respect to third persons. (16) In buying and selling assets, in lending and borrowing money, and in all other transactions, irrespective of the occupancy by the same person of dual positions, to deal with itself in its separate, or any fiduciary capacity. (17) To compromise, adjust, arbitrate, sue on or defend, abandon, or otherwise deal with and settle claims in favor of or against the Trust Estate as the Trustee shall deem best. (18) To employ and compensate agents, accountants, investment advisers, brokers, attorneys-in-fact, attorneys-at-law, tax specialists, realtors, and other assistants and advisors deemed by the Trustee needful for the proper administration of the Trust Estate, and to do so without liability for any neglect, omission, misconduct, or default of any such agent or professional representative provided such person was selected and retained with reasonable care. (19) To determine what shall be fairly and equitably charged or credited to income and what to principal. (20) To hold and retain the principal of the Trust Estate undivided until actual division shall become necessary in order to make distributions; to hold, manage, invest, and account for the several shares or parts thereof by appropriate entries on the Trustee's books of account; and to allocate to each share or part of share its proportionate part of all receipts and expenses; provided, however, the carrying of several trusts as one shall not defer the vesting in title or in possession of any share or part of share thereof. (21) To make payment in cash or in kind, or partly in cash and partly in kind upon any division or distribution of the Trust Estate (including the satisfaction of~any pecuniary distribution) without regard to the income tax basis of any specific property allocated to any beneficiary and to value and appraise any asset and to distribute such asset in kind at its appraised value; and when dividing fractional interests in property among several beneficiaries to allocate entire interests in some property to one beneficiary and entire interests in other property to another beneficiary or beneficiaries. (22) In general, to exercise all powers in the management of the Trust Estate which any individual could exercise in his or her own right, upon such terms and conditions as it may reasonably deem best, and to do all acts which it may deem reasonably necessary or proper to carry out the purposes of this Trust Agreement. (23) To purchase property, real or personal, from the Settlor's general estate upon such terms and conditions as to price and terms of payment as the Settlor's executors or administrators Trust Agreement of CLAAENCE V. IINUDSEN Page 9 and the Trustee shall agree, to hold the property so purchased as a part of the Trust Estate although it may not qualify as an authorized trust investment except for this provision, and to dispose of such property as and when the Trustee shall deem advisable. The fact that the Settlor's executors or administrators and the Trustee are the same shall in no way affect the validity of this provision. (24) To lend funds to the Settlor's general estate upon such terms and conditions as to interest rates, maturities, and security as the Settlor's executors or administrators and the Trustee shall agree, the fact that they maybe the same in no way affecting the validity of this provision. (25) To receive property bequeathed, devised or donated to the Trustee by the Settlor or any other person; to receive the proceeds of any insurance policy which names the Trustee as beneficiary; to execute all necessary receipts and releases to Executors; donors, insurance companies and other parties adding property to the Trust Estate. (26) To combine assets of two or more trusts if the provisions and terms of each trust are substantially identical, and to administer them as a single trust, if the Trustee reasonably determines that the administration as a single trust is consistent with the Settlor's intent, and facilitates the trust's administration without defeating or impairing the interests of the beneficiaries. (27) To divide any trust into separate shares or separate trusts or to create separate trusts if the Trustee reasonably deems it appropriate and the division or creation is consistent with the Settlor's intent, and facilitates the trust's administration without defeating or impairing the interests of the beneficiaries. (28) To divide property in any trust being held hereunder with an inclusion ratio, as defined in section 2642(a)(1) of the Internal Revenue Code of 1986, as from time to time amended or under similar future legislation, of neither one nor zero into two separate trusts representing two fractional shares of the property being divided, one to have an inclusion ratio of one and the other to have an inclusion ratio of zero, to create trusts to receive property with an inclusion ratio of either one or zero and if this cannot be done to refuse to accept property which does not have a matching inclusion ratio to the receiving trust's ratio, all as the Trustee in its sole discretion deems best. (29) If the Trustee shall act as the Executor of the Settlor's estate, to elect to allocate any portion or all the Settlor's generation-skipping transfer exemption provided for in Code section 2631 or under similar future legislation, in effect at the time of the Settlor's death, to any portion or all of any other trusts or bequests in the Settlor's Will or any other transfer which the Settlor is the transferror for purposes of the generation-skipping tax. Generally, the Settlor- anticipates that the Settlor's Executor will elect to allocate this exemption first to direct skips as defined in Code section 2612, then to the KNUDSEN Family Trust, unless it would be inadvisable based on all the circumstances at the time of making the allocation; and to make the Trust Agreement of CL.AR.ENCE V. KMJDSEN Page 10 special election under section 2652(a)(3) of the Code to the extent the Settlor's Executor deems in the best interest of the Settlor's estate. (30) Concerning Self-Dealing, no rule of law against self-dealing, divided loyalty, or conflict of interest shall be applied to render any transaction effected by the fiduciaries void, voidable, or otherwise subject to attack solely for violation of such rule, nor shall the fiduciaries incur any liability, nor shall any fiduciary commissions for acting hereunder be reduced, solely for violation of such rule. Any transaction which involves self-dealing, divided loyalty, or conflict of interest by the fiduciaries shall be judged by the rules of law which would apply to the same transaction at arm's length between strangers free of any element ofself-dealing, divided loyalty, or conflict of interest. Thus, by way of illustration and not of limitation, all fiduciaries are authorized, without giving any notice required by statute, to: (a) Employ and compensate any fiduciary or any affiliate as broker, agent, or professional advisor for any purpose. (b) Borrow from the commercial department of any corporate fiduciary or any affiliate at current interest rates. (c) Buy, retain and sell any debt or equity security issued or underwritten by any corporate fiduciary or any affiliate and any debt security secured, supported, and/or otherwise enhanced by a letter of credit issued by any corporate fiduciary or any affiliate. (d) Buy, retain, and sell any security of any investment company or trust registered under the Investment Company Act of 1940 to which any corporate fiduciary or any affiliate renders services for compensation. (e) Buy property from or sell property to any beneficiary or fiduciary acting hereunder or otherwise on arm's length terms. An "affiliate" means any entity which owns, directly or indirectly, an interest in any corporate fiduciary, any entity in which any corporate fiduciary owns an interest, directly or indirectly, and any entity in common control with any corporate fiduciary. ARTICLE XII Marital Deduction Savings Clause for TheRUTHE. KNUDSENShare. It is expressly provided that the grant of rights, powers, privileges and authority to the Trustee in connection with the imposition of duties upon the Trustee by any provision of this Trust Agreement or by any statute relating thereto shall not be effective if and to the extent that the same, if effective, would disqualify the marital deduction as established in the RUTHE. KIVUDSEN Share hereof. It is expressly provided that the Trustee shall not in the exercise of its discretion make any determination inconsistent with the foregoing intention. Trust Agreement of CLARENCE V. KNUDSEN Page I 1 ARTICLE XIII Provision for Trustee to Act as Trustee for Beneficiary Under Age Twenty-Five. If any share hereunder becomes distributable to a beneficiary who has not attained the age of Twenty-five (25), such share shall immediately vest in the beneficiary, but notwithstanding the provisions herein, the Trustee shall retain possession of the share in trust for the beneficiary until the beneficiary attains the age of Twenty-five (25), using so much of the net income and principal of the share as the Trustee deems necessary to provide for the medical care, education, support and maintenance in reasonable comfort of the beneficiary, taking into consideration to the extent the Trustee deems advisable any other income or resources of the beneficiary or his or her parents known to the Trustee. Any income not so paid or applied shall be accumulated and added to principal. The beneficiary's share shall be paid over and distributed to the beneficiary upon attaining age Twenty-five (25), or if he or she shall sooner die, to his or her executors or administrators. The Trustee shall have with respect to each share so retained all the powers and discretions it had with respect to the trusts created herein generally. ARTICLE XIV Trustee's Discretion in Making Payments to a Person Under Age Twenty-Five, Incompetent, or Incapacitated Person. In case the income or principal payment under any trust created hereunder or any share thereof shall become payable to a person under the age of Twenty-five (25), or to a person under legal disability, or to a person not adjudicated incompetent, but who, by reason of illness or mental or physical disability, is, in the opinion of the Trustee unable properly to administer such amounts, then such amounts shall be paid out by the Trustee in such of the following ways as the Trustee deems best: (1) directly to the beneficiary; (2) to the legally appointed guardian of the beneficiary; (3) to some relative or friend for the medical care, education, support and maintenance in reasonable comfort of the beneficiary; (4) by the Trustee using such amounts directly for the beneficiary's care, support and education; (5) to a custodian for the beneficiary under the Uniform Gifts or Transfers to Minors Act. ARTICLE XV Power of Trustee to Resign During Settlor's Lifetime. The Trustee may resign this trusteeship during the Settlor's lifetime by giving the Settlor Thirty (30) days notice in writing delivered to the Settlor in person or mailed to the Settlor's last known address, the resignation to become effective as hereinafter provided. Upon receipt of such notice, the Settlor shall appoint a successor Trustee which shall be a bank or trust company qualified to do business in the state of the Settlor's domicile. Upon the failure of the Settlor to appoint a successor Trustee who accepts the trust within Thirty (30) days from the time notice was delivered in person or mailed to the Settlor, the Trustee may resign to the court having jurisdiction over this trust, which court may, if it deems advisable, accept the resignation and appoint a successor Trustee which shall be a bank or trust company qualified to do business in the state of the Settlor's domicile. Upon the appointment of and acceptance by the successor Trustee, the original Trustee shall pay over, Trust Agrecment of CLARENCE V. [INUDSEN Page 12 deliver, assign, transfer or convey to such successor Trustee the Trust Estate and make a full and proper accounting to the Settlor, whereupon its resignation shall become effective. The substitute or successor Trustee upon acceptance of this trust and the Trust Estate shall succeed to and have all the rights, powers and duties, authority and responsibility conferred upon the Trustee originally named herein. ARTICLE XVI Settlor During Lifetime to Designate Substitute or Successor Trustee. The Settlor during the Settlor's lifetime may name a substitute or successor Trustee which shall be a bank or trust company qualified to do business in the Settlor's domicile by delivery to the Trustee herein a notice naming the successor or substitute Trustee and indicating an intent to replace the Trustee named herein. Upon receipt of such notice the Trustee named herein shall pay over, deliver, assign, transfer or convey to such substitute or successor Trustee (which accepts the appointment as trustee), the Trust Estate and make a full and proper accounting to the Settlor, whereupon the Trustee named herein shall be discharged and have no further responsibility under this Trust Agreement. Upon the failure of the Trustee to make such conveyance the Settlor may apply to the court having jurisdiction of this trust and such court may compel the conveyance by the Trustee. The substitute or successor Trustee upon acceptance of this trust and the Trust Estate shall succeed to and possess all the rights, powers and duties, authority and responsibility conferred upon the Trustee originally named herein. ARTICLE XVII Settlor's Wife, If No Longer a Resident of Trustee's Domicile, to Designate Substitute or Successor Trustee. After the Settlor's death, if the Settlor's wife is not a resident of the state in which a trust administration office of the Trustee is located, the Settlor's wife may name a substitute or successor Trustee which shall be a bank or trust company qualified to do business in the Settlor's wife's domicile by delivering to the Trustee herein a notice naming the successor or substitute Trustee and indicating an intent to replace the Trustee. Upon receipt of such notice the Trustee shall pay over, deliver, assign, transfer or convey to such substitute or successor Trustee (which accepts the appointment as trustee), the Trust Estate and make a full and proper accounting to the Settlor's wife and the other beneficiaries under this Trust Agreement, whereupon the Trustee named herein shall be discharged and have no further responsibility under this Trust Agreement. Upon the failure of the Trustee to make the conveyance the Settlor's wife may apply to the court having jurisdiction of this trust and such court may compel the conveyance by the Trustee. The substitute or successor Trustee upon acceptance of this trust and the Trust Estate shall succeed to and have all the rights, powers and duties, authority and responsibility conferred upon the Trustee originally named herein. ARTICLE XVIII Definition of Children. For purposes of this Trust, "children" means the lawful blood descendants in the first degree of the parent designated; and "issue" and "descendants" mean the Trust Agreement of CLARENCE V. KNUDSEN Page 13 lawful blood descendants in any degree of the ancestor designated; provided, however, that if a person has been adopted, that person shall be considered a child of such adopting parent and such adopted child and his or her issue shall be considered as issue of the adopting parent or parents and of anyone who is by blood or adoption an ancestor of the adopting parent or either of the adopting parents. The terms "child," "children," "issue," "descendant" and "descendants" or those terms preceded by the terms "living" or "then living" shall include the lawful blood descendant in the first degree of the parent designated even though such descendant is born after the death of such parent. The term "per stirpes" as used herein has the identical meaning as the term "taking by representation" as defined in the Pennsylvania Probate Code. ARTICLE XIX Definition of Words Relating to the Internal Revenue Code. As used herein, the words "gross estate," "adjusted gross estate," "taxable estate," "unified credit" ("unified credit" shall also mean "applicable credit amount"), "state death tax credit,'" "maximum marital deduction," "marital deduction," "pass," and any other word or words which from the context in which it or they are used refer to the Internal Revenue Code shall have the same meaning as such words have for the purposes of applying the Internal Revenue Code to the Settlor's estate. For purposes of this Trust Agreement, the Settlor's "available generation-skipping transfer exemption" means the generation-skipping transfer tax exemption provided in section 2631 of the Internal Revenue Code of 1986, as amended, in effect at the time of the Settlor's death reduced by the aggregate of (1) the amount, if any, of the Settlor's exemption allocated to lifetime transfers of the Settlor by the Settlor or by operation of law, and (2) the amount, if any, the Settlor has specifically allocated to other property of the Settlor's gross estate for federal estate tax purposes. For purposes of this Trust Agreement if at the time of the Settlor's death the Settlor has made gifts with an inclusion ratio of greater than zero for which the gift tax return due date has not expired (including extensions) and the Settlor has not yet filed a return, it shall be deemed that the Settlor's generation-skipping transfer exemption has been allocated to these transfers to the extent necessary (and possible) to exempt the transfer(s) from generation- skipping transfer tax. Reference to sections of the Internal Revenue Code and to the Internal Revenue Code shall refer to the Internal Revenue Code amended to the date of the Settlor's death. ARTICLE XX Simultaneous Death Provision Presuming Beneficiary Predeceases 5ettl~or. Reverse Presumption as to Wife. If any beneficiary and the Settlor should die under such circumstances as would make it doubtful whether the beneficiary or the Settlor died first, then it shall be conclusively presumed for the purposes of this Trust that the beneficiary predeceased the Settlor; provided, however, that if the Settlor's wife shall die with the Settlor as aforesaid, the Settlor directs that she shall be conclusively presumed to have survived the Settlor. Trust Agrcement of CLARENCE V. KNiJDSEN Page 14 ARTICLE XXI Payment of Funeral Expenses and Expenses of Last Illness of Income Beneficiary. On the death of any person entitled to income or support from any Trust hereunder, the Trustee is authorized to pay the funeral expenses and the expenses of the last illness of such person from the principal of the Trust from which such person was entitled to income or support. ARTICLE XXII State Law to Govern. This Trust Agreement and the trusts created hereby shall be construed, regulated and governed by and in accordance with the laws of the Commonwealth of Pennsylvania. ARTICLE XXIII Spendthrift Provision. Except as otherwise provided herein; all payments of principal and income payable, or to become payable, to the beneficiary of any trust created hereunder shall not be subject to anticipation, assignment, pledge, sale or transfer in any manner, nor shall any beneficiary have the power to anticipate or encumber such interest, nor shall such interest, while in the possession of the fiduciary hereunder, be liable for, or subject to, the debts, contracts, obligations, liabilities or torts of any beneficiary. ARTICLE XXIV Perpetuities Savings Clause. Notwithstanding anything herein to the contrary, the trusts created hereunder shall terminate not later than Twenty-one (21) years after the death of the last survivor of the Settlor's wife, the Settlor's issue; the trust beneficiaries hereunder, their issue, and any person or persons or their issue used to~ define the trust beneficiaries under this trust, living on the date of the Settlor's_death (or when this trust becomes irrevocable, if sooner), when the Trustee shall distribute each remaining trust hereunder to the beneficiary or beneficiaries of the current income thereof, and if there is more than one beneficiary, in the proportion in which they are beneficiaries or if no proportion is designated in equal shares to such beneficiaries.- Tres[ Agreement of CLARENCE V. [Q9UDSEN Page I S Testimonium Clause. IN WITNESS WHEREOF, the Settlor and the Trustee have executed this Trust Agreement. WITNESSES: ~~.-~eti c~L A-, Y CLARENCE V. KNUDSEN SETTLOR PNC BANK, N.A. J-, ' L ~ ., Its Sr, ~ ~ ~ P~~~ CORPORATE TRU TEE C AVID C. KNUDSEN INDIVIDUAL TRUSTEE Trust Agreemcnt of CLARENCE V. KNUDSEN Page 16 COMMONWEALTH OF PENNSYLVANIA ACKNOWLEDGMENT COUNTY OF DAUPHIN I, a Notary Public, within and for the Commonwealth and County aforesaid, do hereby certify that the foregoing instrument of writing was this day produced to me in the above Commonwealth and County by CLARENCE Y. K~'VUDSEN, Settlor, party hereto and was executed and acknowledged by the Settlor to be the Settlor's free act and voluntary deed. WITNESS my signature this ~ day of Mayrch, 2001. d-~ Signature of Notary Public Connie L Hardy Typed Name of Notary Public Notary Public for: Pennsylvania My Commission ex fires: Notarial Seal Connie L. Hardy, Notary Public Harrisburg, Dauphin County MY Commission Facpires Feb. 10, 2003 Trust Agrecmcnt of CLARENCE V. IINUDSEN Pagc 17 t ~ COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN ACKNOWLEDGMENT I, a Notary Public, within and for the Commonwealth and County aforesaid do hereby certify that the foregoing instrument of writing was this day produced to me in the above Commonwealth and County by DA YID C. KNUDSEN ,Individual Trustee, party hereto and was executed and acknowledged by the Individual Trustee to be the free and voluntary act and deed of the Individual Trustee. WITNESS my signature thisC,v~ay of March, 2001. __y Signature of Notary Public Connie L Hardy Typed Name of Notary Public Notary Public for: Pennsylvania Notarial Seal My commission expires: Connie ~. Hardy, Notary Public Harrisburg, Dauphin County My Commission Expires Feb. 10, 2003 Truce Agrccment of CLARENCE V. IINUDSEN Page 19 fi COMMONWEALTH OF PENNSYLVANIA ACKNOWLEDGMENT COUNTY OF DAUPHIN I, a Notary Public, within and for the Commonwealth and County aforesaid, do hereby certify that the foregoing instrument of writing was this day produced to me in the above Commonwealth and County and was executed and acknowledged by ~" ~~ f ~ ~ ~ v °N as gust officer of PNC BANK, N.A., to be the free and voluntary act and deed of the corporate Trustee. WITNESS my signature thisday of March, 2001. ~u. , Signature of Notary Public Connie L Hardy Typed Name of Notary Public Notary Public for: Pennsylvania My Commission expires: Notarial seal Connie L. Hardy, Notary Pubtic Harrisburg, Dauphin County My Commission Expires Feb. i 0, 2003 Trutt Agreement of CLARENCE V . KNUDSEN Page I S i t SCHEDULE"A" List of Assets MONEY MARKET FUNDS 1,352 Blackrock Money Market -Principal -Institutional Class 3,014 Blackrock Money Market -Income -Institutional Class COMMON STOCK 800 Carlisle Companies, Inc. 498 Daimlershrysler Ag Ord 800 Rite Aid Corp. 434 Viacom, Inc. -Class B 200 Phillips Petroleum Co. 1,600 Forest Laboratories, Inc. 1,200 Newport Corporation 200 Lucent Technologies, Inc. 16 Avaya, Inc. 400 Sprint PCS Com. Ser 1 698 Alltel Corp. 150 AT&T Corp. 800 Sprint Corp. (Fon Group) $00 Verizon Communications, Inc. 12 Lexington Instrs. Corp. 750 Conectiv, Inc. 100 Exelon Corporation 52 First Energy Corp. 500 PPL Corporation 2,221 Public Service Enterprise Group, Inc. 700 American Water Works Co., Inc. BONDS 1,389 Delaware Group American Government Bond Fund 400 Nuveen Municipal Value Fund, Inc. 100 PPL Electric Utilities Corp PFD 04.400% Trust Agreement of CLARENCE V. KNUDSEN Page 20 'Y OTHER 10,000 Mellon Bank C/D #2500069608 9,656 Waypoint Bank C/D #3155295230 48,210 Waypoint Bank C/D #3155306988 10,900 Dean Witter Select Eq Tr Unit Util Stk Ser CLA.RENCE Y. UD N SETTLOR PNC BANK, N.A. B r`, J, ~ L~r1.~ Y --- Its ~ - G~u~ /J~ce..~,c~-,Ce~_ ORPORATE TRUSTEE YID C. KN DSEN INDIVIDUAL TRUSTEE Trust Agreernent of CLARENCE V. KNUDSEN Page 21 ,. t INVENTORY REGISTER OF WILLS OF CUMBERLAND COUNTY, PENNSYLVANIA COMMONWEALTH OF PENNSYLVANIA COUNTY OF Cumberland } SS File Number 00831 David C. Knudsen Personal Representative(s) of the Estate of Clarence V. Knudsen deceased, de ose(s) and say(s) that the items appearing in the following inventory include all of the personal assets wherever situate and all of the real estate in the Commonwealth of Pennsylvania of saki Decedent, that the valuation placed opposite each item of said inventory represents its fair value as of the date of the decedent's death, and that Decedent owned no real estate outside of the Commonwealth of Pennsylvania except that which ears in a ~a um e end of is inventory. I verify that the statements made in this Inven- ~ ~~~~, tort' are true and correct. I understand that false state- } - ~ - - - ---- - - David C. Knudsen ~- ments herein are made subject to the penalties of "~~~ 18 Pa.C.S. § 4904 relating to unsworn falsification to } _ - _ _ -_ -- - _ __ _ G~ - - __ authorities. - - ~- ~ ~-- - ~ - ~ - ~. ,., -~ ~ i t L 1. / r-4 - - - w ~r- ! ~^71-n /"y~' - ~f a Vii:; ~ . _ Attorney -- (Name ) Jeffrey R Bos ,Esquire (supre~uitc~. N~ 25444 ------ ----- -- __ ~ c, - (Firm) Boswell, Tintner Piccola 8r Alford -t~--I .. -- - -- --- (Address) 315 North Front Street, Harrisburg, PA 17108-0741 cr1 (Telephone) 717-236-9377 DATE OF DEATH I LAST RESIDENCE 5225 WIISOn Lane DECEDENT'S SOC. SEC. NO. 10/05/2007 Mechanicsburg, PA 17055 508-03-2687 FIGURES MUST BE TOTALED Persona{ Prope Cash ............................................................................................... 2,618.71 Personal Property ......................................................................... 4,599.00 Stocks/Listed ................................................................................. Stocks/Closely Held ...................................................................... Bonds ............................................................................................. Partnerships and Sole Proprietorships ..................................... Mortgages and Notes Receivable ................................................ All Other Property ......................................................................... Total Personal Property ......................................... 7,217.71 Total Real Property ................................................ Total Personal and Real Property ......................... 7,217.71 NOTE: The Memorandum of real estate outside the Commonwealth of Pennsylvania may, at the election of the personal representative include the value of each item, but such figures should not be extended into the total of the Inventory. (See 20 Pa. C.S. § 3301(b)) Forth RW-D9 Rev. 10-13-2006 ~~ INVENTORY REGISTER OF WILLS OF CUMBERLAND COUNTY, PENNSYLVANIA COMMONWEALTH OF PENNSYLVANIA COUNTY OF Cumberland } SS File Number 00831 DATE OF DEATH LAST RESIDENCE 5225 Wilson Lane DECEDENT'S SOC. SEC. NO. 10/05/2007 Mechanicsburg, PA 17055 508-03-2687 Cash Capital Blue Cross -Insurance refund Clarence V. Knudsen Trust -Accrued income to 10/05/2007 PA Department of Revenue - 40-PA-2007 income tax refund State Workers Insurance Fund -Refund of insurance premium -12/13/2007 State Workers Insurance Fund -Refund of insurance premium - 7/03/2008 Total Cash Personal Property Parthemer Funeral Home -Prepaid funeral Total Personal Property 271.31 220.40 396.00 927.00 804.00 2,618.71 4,599.00 4.599.00 (Attach additional sheets if necessary) Total Personal Property and Real Estate 7.217.71 ~~° r; ~,,,.~ ~,,...b, TRUST COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NAME OF TRUST (TRUST UNDER WILL OF or TRUST UNDER DEED OF CLARENCE V. KNUDSEN, SETTLOR , DATED MARCH 6, 2001 ) c~ , ,,, ~ -;- o _ ~: 2000-00831 No ,.._ ~ ,, . ,.~ A ~ PETITION FOR ADJUDICATION / . ~ ~-~y ~ - STATEMENT OF PROPOSED DISTRIBUTION ~, - , - - , ~ " PURSUANT TO Pa. O.C. Rule 6.9 This form may be used in all cases involving the Audit of Trust Accounts. If space is insufficient, riders may be attached. INCL UDE ATTACHMENTS AT THE BACK OF THIS FORM. Name of Counsel: Jeffrey R. Boswell, Esquire Supreme Court I.D. No.: 25444 Name of Law Firm: Boswell, Tintner, Piccola Address: 315 N. Front Street, P. O. Box 741, Harrisburg, PA 17108-0741 Telephone: 717/236-93 77 Fax: 717/236-9316 Form OC-02 rev 10.13.06 Page 1 of 10 Name of Trust: CLARENCE V. KNUDSEN, SETTLOR, TUA DATED MARCH 6, 2001 1. Name(s) and address(es) of Petitioner(s): Petitioner: Petitioner: Name: PNC BaTlk, N.A. David C. Knudsen, Trustee Address: 4200 Carlisle Pike 1302 Reading Blvd. Camp Hill, PA 17011 Wyomissing, PA 19610 2. Check if any of the following issues are involved in this case: A. Appointment of Trustee ....... ~ .................................... B. Interpretation ............ ....................................... C. Discharge of Trustee ......... .................................... D. Transfer of Situs .......... ....................................... E. Appointment of Ad Litem ....... ................................... F. Minor, Unborn or Unascertained Beneficiary(ies) ...................... G. Principal Distribution ............................................. H. Partial/Full Termination of Trust .............................. ...... I. Missing Beneficiary(ies) ......... ................................. J. Cy Pres ........................................................ ~ K. Williamson Issue* ............................................... ~ L. Other Issues .................................................... List: Distribution of equal, one-third (1/3) share to the Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen, Sovereign Bank, a federal savings association, Trustee, because of Please note: A detailed explanation of issues checked should be set forth at item 13 below. * See Williamson Estate, 368 Pa. 343, 82 A.2d 49 (1951), if Trustee was also Executor of the settlor/decedent's estate and received commissions in such capacity. Form OC-01 rev 10./3.06 Page 2 of 10 Supplemental Needs Trust for the benefit of Paul R. Knudsen, Sovereign Bank, a Federal Savings Association, Trustee, because of the diminished capacity of the Settlor's son, Paul R. Knudsen, as more fully set forth in the Petition for Adjudication filed contemporaneously with this form petition. Name of Trust: CLARENCE V. KNUDSEN, SETTLOR, TUA DATED MARCH 6. 2~~1 3. Testamentary Trust: Decedent's date of death: Date of Decedent's Will: Date(s) of Codicil(s): Date of probate: or Inter Vivos Trust: Date of Trust: March 6, 2001 Date(s) of Amendment(s): None 4. A. If any other Court has taken jurisdiction of any matter relating to this Trust, explain: N/A B. Identify all prior accountings and provide dates of adjudication. None 5. A. State how each Trustee was appointed: By Trustee, Trust Under Agreement, dated March 6, 2001 B. If a Petitioner is not a Trustee, explain: N/A Form OG02 rev 10.13.06 Page 3 of 10 Name of Trust: CLARENCE V. KNUDSEN, SETTLOR, TUA DATED MARCH 6.2001 6. State how and when the present fund was awarded to Trustee(s): Directly from Settlor, pursuant to the Trust Under Agreement, dated March 6, 2001 7. Period covered by accounting: March 6, 2001 to July 8, 2008 8. Current fair market value of the Trust principal is $ 656,301.76 (See page 19 of Account.) 9. State concisely the dispositive provisions of the Trust: The Trust in Article VII provides the distribution to the Settlor's surviving spouse and to the Knudsen Family Trust upon the Settlor's death. The Settlor's surviving spouse, Ruth E. Knudsen, died on October 26, 2007, which prompts distribution to the Settlor's surviving children, namely Karen A. Knudsen, David C. Knudsen, and Paul R. Knudsen. 10. Explain the reason for filing this Account (if filed because of the death of a party, state name of person, relationship to Trust and date of death): The Settlor, Clarence V. Knudsen, died on October 5, 2007. Form OG02 rev 10.13.06 Page 4 of 10 Name of Trust: CLARENCE V. KNUDSEN, SETTLOR, TUA DATED MARCH 6, 2001 11. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this Audit (see Pa. O.C. Rule 12.4): Trust distributees, Karen A. Knudsen and David C. Knudsen, are adults. Charlotte Knudsen, spouse of Paul R. Knudsen, and Agent under his Durable Financial Power of Attorney, has executed a Consent incorporated in the Petition for Adjudication consenting to distribution of Paul R. Knudsen's equal one-third (1/3) share to Sovereign Bank, Trustee of the Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen, who has diminished capacity and who has not been declared incompetent. 12. A. State the amount of Pennsylvania Transfer Inheritance Tax and Pennsylvania Estate Tax paid (including postponed tax on remainder interests), the dates of payment and the interests upon which such amounts were paid: Date 07/ 18/2008 Payment Interest 32,799.32 N/A B. If any such taxes remain unpaid or are in dispute, explain: None 13. Describe any questions requiring Adjudication and state the position of Petitioner(s) and give details of any issues identified in item 2: Distribution of equal one-third (1/3) share to Sovereign Bank, a Federal Savings Association, Trustee, Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen, is more fully set forth in the attached Petition for Adjudication. Form OC-02 rev ~o.~s.o6 Page 5 of 10 Name of Trust: CLARENCE V. KNUDSEN, SETTLOR, TUA DATED MARCH 6, 2001 14. Written notice of the Audit as required by Pa. O.C. Rules 6.3, 6.7 and 6.8 has been or will be given to all parties in interest listed in item 15 below. In addition, notice of any questions requiring Adjudication as discussed in item 13 above has been or will be given to all persons affected thereby. A. If Notice has been given, attach a copy of the Notice as well as a list of the names and addresses of the parties receiving such notice. B. If Notice is yet to be given, a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice shall be submitted at the Audit together with a statement executed by Petitioner(s) or counsel certifying that such Notice has been given. C. If any such party in interest is not sui juris (e.g., minors or incapacitated persons), Notice of the Audit has been or will be given to the appropriate representative on such party's behalf as required by Pa. O.C. Rule 5.2. D. If any charitable interest is involved, Notice of the Audit has been or will also be given to the Attorney General as required under Pa. O.C. Rule 5.5. In addition, the Attorney General's clearance certificate (or proof of service of Notice and a copy of such Notice) must be submitted herewith or at the Audit. 15. List all parties of whom Petitioner(s) has/have notice or knowledge, having or claiming any interest in the Trust, whether such interest is vested or contingent, charitable or non-charitable. This list shall: A. State each party's relationship to the Settlor/Decedent and the nature of each party's interest(s); Name and Address ojEacti Par in Karen A. Knudsen Daughter 150 Spring Lane Philadelphia, PA 19128 and David C. Knudsen 1302 Reading Blvd. Wyomissing, PA 19610 Son 1/3 interest 1/3 interest Form OC-02 rev 10.13.06 Page 6 of 10 Name of Trust: CLARENCE V. KNUDSEN, SETTLOR, TUA DATED MARCH 6, 2001 and Address o/'Each Party in Interest Interes! Sovereign Bank, a Federal Savings Trustee of Knudsen 1/3 interest Association Suplemental Needs 235 North Second Street Trust for benefit of Harrisburg, PA 17101 Paul R. Knudsen Charlotte Knudsen Spouse of Paul R. contingent 18 S. York Road Knudsen Dillsburg, PA 17019-9513 B. Identify each party who is not sui juris (e.g., minors or incapacitated persons). For each such party, give date of birth, the name of each Guardian and how each Guardian was appointed. If no Guardian has been appointed, identify the next of kin of such party, giving the name, address and relationship of each; and Paul R. Knudsen (DOB -May 6, 1946) Charlotte Knudsen (spouse) Adult Children: Dawn M. Lusk, Paula K. Knudsen Burke, Claudia A. Braymer C. If distribution is to be made to the personal representative of a deceased party, state date of death, date and place of grant of Letters and type of Letters granted. N/A 16. If Petitioner(s) has/have knowledge that a Trust share has been assigned or attached, provide a copy of the assignment or attachment, together with any relevant supporting documentation. 17. If a trustee's principal commission is claimed: A. If based on a written agreement, attach a copy thereof. Form OG02 rev /0./3.06 Page 7 of 10 Page ~ of 10 (continued) A. State each party's relationship to the Settlor/Decedent and the nature of each party's interest(s); Dawn M. Lusk 131 Campground Road Dillsburg, PA 17019 Paula K. Knudsen Burke 18 South York Road Dillsburg, PA 17019 Claudia A. Braymer 28 Royal Oak Drive Clifton Park, NY 12065 Daughter of Paul R. Knudsen contingent Daughter of Paul R. Knudsen contingent Daughter of Paul R. Knudsen contingent f Name of Trust: CLARENCE V. KNUDSEN, SETTLOR, TUA DATED MARCH 6, 2001 B. If a principal commission is claimed, state amount. Principal commission paid as per PNC Bank standard fee schedule C. If a principal commission is claimed, state the amounts and dates of any principal commissions previously paid in prior accounting periods. Amount in First and Final Account Date Paid Principal commission paid periodically, as detailed 18. If a reserve is requested, state amount and purpose. Amount: 4,200.00 Purpose: $1,200 for filing fees; $3,000 for counsel fees, pertinent to filing a First and Final Account Adjudication and Confirmation If a reserve is requested for counsel fees, has notice of the amount of fees to be paid from the reserve been given to the parties in interest? ........................................ ~ Yes ®No If so, attach a copy of the notice. 19. Is the Court being asked to direct the filing of a Schedule of Distribution? .......................... ~ Yes ~ No Form OC-02 rev 70.13.06 Page 8 of 10 Name of Trust: CLARENCE V. KNUDSEN, SETTLOR, TUA DATED MARCH 6, 2001 Wherefore, your Petitioner(s) ask(s) that distribution be awarded to the parties entitled and suggest(s) that the distributive shares of income and principal (residuary shares being stated in proportions, not amounts) are as follows: A. Income: Proposed Distributee(s) Amount/Proportion Karen A. Knudsen 4,363.54 David C. Knudsen 4,363.55 Sovereign Bank, Trustee/Paul R. Knudsen 4,363.55 B. Principal: Proposed Distributee(s) Amount/Proportion Karen A. Knudsen 218,767.25 David C. Knudsen 218,767.26 Sovereign Bank, Trustee/Paul R. Knudsen 218,767.25 Submitted By: (All petitioners must sign. Add additional lines if necessary): Name of Petitioner: pNC Bank, N.A. Name of Petitioner: David C. Knudsen, Trustee Form OC-02 rev J0.13.06 Page 9 of 10 B. avid . Knu en, rustee Dated: July ~, 2008 ~; Name of Trust: CLARENCE V. KNUDSEN, SETTLOR, TUA DATED MARCH 6, 2001 Verification of Petitioner (Verification must be by at least one petitioner.) The undersigned hereby verifies * [that he~she she is rule Asst. V.P. and Trust Adv. of the above-named name of corporation PNC Bank, National Association and] that the facts set forth in the foregoing Petition for Adjudication /Statement of Proposed Distribution which are within the personal knowledge of the Petitioner are true, and as to facts based on the information of others, the Petitioner, after diligent inquiry, believes them to be true; and that any false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 (relating to unsworn falsification to authorities). • \~ Signature of Petitioner * Corporate petitioners must complete bracketed information. Certification of Counsel The undersigned counsel hereby certifies that the foregoing Petition for Adjudication / Statement of Proposed Distribution is a true and accurate reproduction of the form Petition authorized by the Supreme Court, and that no changes to the form have been made beyond the responses herein. Signatu o Counsel for Petitioner Form OGO2 rev 10.13.06 Page 10 of 10 r7 L' r° C . ~ ~ ~~~ ~ IN THE ORPHANS' COURT DIVISION OF THE _~ ~ { ~ ~' ~ COURT OF COMMON PLEAS OF CUMBERLAND COUNTY ~ ~" `'' (~ ~`~ ~,~~, ~= ' , COMMONWEALTH OF PENNSYLVANIA << ~~ - t ; ~ ~ . ' ~~, , . ~_ ~ :~ Clarence V. Knudsen, Settlor, Trust Under Agreement Dated March 6 2001 ^.~ `" $ . ' , , PNC Bank, National Association, Trustee, and David C. Knudsen, Trustee, ~ and the Accountants No. 2000-00831 PETITION FOR ADJUDICATION, CONFIRMATION OF FIRST AND FINAL ACCOUNT AND STATEMENT OF PROPOSED DISTRIBUTION PURSUANT TO PENNSYLVANIA ORPHANS' COURT RULE 6.9 AND NOW, come PNC Bank, National Association, Trustee, and David C. Knudsen, Trustee, of the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001, by and through their attorneys, Jeffrey R. Boswell, Esquire, of Boswell, Tintner, Piccola & Alford, and respectfully represent, as follows: 1. On March 6, 2001, Clarence V. Knudsen, an adult individual residing in Cumberland County, executed the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001 ("the Trust"), as Settlor, naming PNC Bank, National Association, and (his son) David C. Knudsen, as the Trustees. 2. PNC Bank, National Association, is a corporate fiduciary with an office at 4200 Carlisle Pike, Camp Hill, PA 17011. David C. Knudsen, who is an adult son of Clarence V. Knudsen, resides at 1302 Reading Blvd., Wyomissing (Berks County), PA 19610. 3. The Settlor was a resident of Cumberland County, and PNC Bank, National Association, Trustee, is a corporate fiduciary properly authorized to do business in the Commonwealth of Pennsylvania. 4. The Court of Common Pleas of Cumberland County, Orphans' Court Division, has jurisdiction of matters relating to this Trust. 5. PNC Bank, National Association, and David C. Knudsen, as Trustees, administered the Trust for the benefit of Clarence V. Knudsen during his lifetime. 6. Clarence V. Knudsen died on October 5, 2007, leaving his Last Will and Testament, dated March 6, 2001, which Last Will and Testament was submitted for probate before the Register of Wills of Cumberland County, Pennsylvania, who then granted Letters Testamentary to David C. Knudsen, on October 16, 2007. The Last Will and Testament, Item III, Clarence V. Knudsen, the Testator, provided for a pourover gift to the Trustee of his inter vivos Trust, which is the Trust as to which this Petition for Adjudication and the First and Final Account are filed. In the Last Will and Testament, in Item V, the Testator named his son, David C. Knudsen, as the individual executor of his estate. No bond was required to be filed. The executor advertised the estate, as required. 7. The Testator was survived by his spouse, Ruth E. Knudsen, who resided in Cumberland County, until her death on October 26, 2007. 8. The Trust was administered by PNC Bank, National Association, and David C. Knudsen, as Trustees, as set forth in the attached First and Final Account, stated from March 6, 2001, to July 7, 2008. 2 9. Written notice of the audit, as required by Pennsylvania Orphans' Court Rule 6.3, will be given to all parties in interest and to certain next of kin, as listed in paragraphs 22 and 23. 10. The Trust in Article II provides for rights of the Settlor and Trustees in insurance policies payable to the Trustees, as to which there were none. 11. PNC Bank, National Association, and David C. Knudsen, Trustees, administered the Trust according to Article III, providing for management and investment of the Trust estate, collection of income, and distribution of net income and such portion of principal as the Trustees in their sole discretion deemed necessary from time to time for the medical care, education, support, and maintenance, in reasonable comfort of the Settlor. 12. The Trust in Article V provides that the Trustees may, in their discretion, pay all or any part of Settlor's funeral expenses, legally enforceable claims against the Settlor or the Settlor's estate, reasonable expenses of administration of the Settlor's estate, and any inheritance taxes without reimbursement from the Settlor's executor, noting that such payments shall be charged generally against the principal of the Trust estate. After consultation with the executor, PNC Bank, National Association, and David C. Knudsen, the Trustees, paid $51,000.00 to the Settlor's estate, consistent with the allowance provided for in this Article V. 13. The Trust in Article VI provides for general distribution of personal and household effects to Settlor's wife, Ruth E. Knudsen, who survived him. However, the Trustees determined that there were no items of personal property. 3 14. The Trust in Article VII provides for distribution to the Settlor's surviving spouse and to the Knudsen Family Trust upon the Settlor's death. However, because the Settlor's surviving spouse, Ruth E. Knudsen, died on October 26, 2007, which is less than one month after the Settlor's death on October 6, 2007, PNC Bank, National Association, and David C. Knudsen, the Trustees, administered the Trust as they had during Settlor's lifetime, treating the Trust after his death as the Knudsen Family Trust, managing and investing the principal and paying income to the surviving spouse by depositing that income in the Ruth E. Knudsen Trust Under Agreement, dated March 6, 2001. 15. The Trust in Article VIII provides for payments to Settlor's wife who survived him, all net income from the Knudsen Family Trust, commencing from the date of Settlor's death, which payments are set forth in the First and Final Account. 16. The Trust in Article VIII provides that the Trust shall be divided into equal, separate shares for each living child, after the death of the Settlor and Settlor's spouse and that each share shall be distributed to that child. 17. The Settlor and the Settlor's spouse are survived by their adult children, Karen A. Knudsen, David C. Knudsen, and Paul R. Knudsen. 18. However, the Trust in Article XIV provides, as follows: "Trustee's Discretion in Making Payments to a Person Under Age Twenty-Five, Incompetent, or Incapacitated Person. In case the income or principal payment under any trust created hereunder or any share thereof shall become payable to a person under the age of Twenty- five (25), or to a person under legal disability, or to a person not adjudicated incompetent, but who, by reason of illness or mental or physical disability, is, in the opinion of the Trustee unable properly to 4 administer such amounts, then such amounts shall be paid out by the Trustee in such of the following ways as the Trustee deems best: (1) directly to the beneficiary; (2) to the legally appointed guardian of the beneficiary; (3) to some relative or friend for the medical care, education, support and maintenance in reasonable comfort of the beneficiary; (4) by the Trustee using such amounts directly for the beneficiary's care, support and education; (5) to a custodian for the beneficiary under the Uniform Gifts or Transfers to Minors Act." Based on information provided to the Trustees, the Trustees, by their authority granted by the Settlor, have determined that Settlor's son, Paul R. Knudsen, is not adjudicated incompetent, but who, by reason of illness or mental disability, in their opinion, is unable to administer such amounts of principal or income to be distributed upon confirmation of the First and Final Account and the Statement of Proposed Distribution. By express direction of the Settlor, the Trustees have discretionary authority to determine what amounts shall be paid directly for the benefit of Settlor's son, Paul R. Knudsen. Therefore, the Trustees intend to create an Irrevocable Special Needs Trust for the benefit of Paul R. Knudsen, pursuant to authority given by the Uniform Trust Act §§ 7731 and 7732, requiring the Trustee to administer the Trust in accordance with its provisions and purposes and the interest of the beneficiary, pursuant to Uniform Trust Act § 7771, et. seq. The Trustees assert that distribution to an Irrevocable Special Needs Trust for the benefit of Paul R. Knudsen comports with the accepted rationale that plenary-guardian authority should not be granted where a less restrictive alternative exists. "In Pennsylvania, the law honors a settlor's right to determine the disposition of his estate." Trust Agreement of Cyrus D. Jones Dated June 24 1926, 414 Pa. 5 Superior Court 361, 366-368, 607 A. 2d 265, 268 (1992). As the Pennsylvania Superior Court opined, "When interpreting a trust instrument, the intent of the settlor is paramount, and if that intent is not unlawful, it must prevail." In Re McCune, Pa., 705 A. 2d 861 (Pa. Super. 1997). 19. According to the Settlor's Trust Article IX (8), PNC Bank, National Association, can resign as corporate trustee without Court approval or prior consent. The Trust, Article IX (1) provides that if PNC Bank, National Association, " ...for any reason should cease to act in such capacity, the successor or substitute Trustee shall be some other bank or trust company qualified to do business in the State of the Settlor's domicile at the time of Settlor's death, which substitute shall be designated by written instrument filed with the court having jurisdiction over the Trust and signed by a majority of the adult beneficiaries of this Trust, or if they fail to act, by the court having jurisdiction over this Trust." Karen A. Knudsen, the Settlor's daughter, and David C. Knudsen, the Settlor's son, indicate their agreement to the Court's naming a successor trustee, namely Sovereign Bank, a federal savings association, as Trustee of the Irrevocable Supplemental Needs Trust for the benefit of Paul R. Knudsen, by executing a "Consent" which is attached and incorporated in this Petition as Exhibit A and Exhibit B. Charlotte Knudsen, Paul R. Knudsen's spouse and Agent under Power of Attorney, dated f ed~ua~ y aoz ~2cv-7~ indicates her consent to the Court's naming Sovereign Bank, a federal savings association, as Trustee of the Irrevocable Supplemental Needs Trust for the benefit of 6 Paul R. Knudsen by executing a "Consent" which is attached and incorporated in this Petition, as Exhibit C. Dawn M. Lusk, Paula K. Knudsen Burke, and Claudia A. Braymer, Paul R. Knudsen's children, also indicate their respective consents to the Court's naming Sovereign Bank, a federal savings association, as Trustee of the (irrevocable) Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen, which "Consents" are attached and incorporated in this Petition as Exhibit D, Exhibit E, and Exhibit F. Sovereign Bank, a federal savings association, agrees to serve as the Trustee of the Irrevocable Supplemental Needs Trust for the benefit of Paul R. Knudsen, as acknowledged in the Consent of Sovereign Bank, a federal savings association, which is attached and incorporated as Exhibit G, and it has approved the Irrevocable Supplemental Needs Trust Agreement in the form attached and incorporated in this Petition as Exhibit H. The Uniform Trust Act provides authority for the Court to appoint the successor trustee, 20 Pa. C.S.A. § 7764 to administer Paul R. Knudsen's share. Thus, the Trustees request this Court approval to distribute principal and accumulated income as per the First and Final Account and the Statement of Proposed Distribution to Karen A. Knudsen, to David C. Knudsen, and to Sovereign Bank, Trustee of the Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen, containing administrative provisions and powers acceptable to Sovereign Bank. 7 20. The fund now before this Court, as to which the Trustees seek approval for distribution, including principal and income, is not subject to the payment of taxes, as the account provides for distribution to the Settlor's estate funds sufficient for the payment of Pennsylvania Inheritance Tax. The Trustees shall prepare final fiduciary income tax returns for income earned in 2008. 21. No accounts as to these funds have previously been filed by the Trustees. 22. PNC Bank, National Association, and David C. Knudsen, as Trustees, file this Petition for Adjudication and Confirmation of the First and Final Account, so this Court can confirm the First and Final Account and approve the Trustees' distribution of the Trust's principal and income as per the Statement of Proposed Distribution, as follows: A. Karen A. Knudsen: daughter (adult/no disability) - 1/3 share 150 Spring Lane Philadelphia, PA 19128 B. David C. Knudsen: son (adult/no disability) - 1/3 share 1302 Reading Blvd. Wyomissing, PA 19610 C. Sovereign Bank, a federal savings association, Trustee of the Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen: son (adult/under disability) - 1 /3 share Wealth Management 235 North Second Street Harrisburg, PA 17101 8 23. The said Paul R. Knudsen is married and has three adult children. Neither his wife, nor his children, are distributees of the Settlor's Trust. They are identified for the purpose of legal notice of the audit of this First and Final Account, as follows: Charlotte Knudsen (spouse of Paul R. Knudsen) 18 S. York Road Dillsburg, PA 17019-9513 Paul R. Knudsen has three living adult children, namely: Dawn M. Lusk 131 Campground Road Dillsburg, PA 17019 Paula K. Knudsen Burke 18 South York Road Dillsburg, PA 17019 Claudia A. Braymer 28 Royal Oak Drive Clifton Park, NY 12065 24. The claims of all creditors and other persons, excepting the Settlor's children, to which distribution will be made as set forth in the previous paragraph, have been resolved prior to the filing of this First and Final Account by the Trustees. 25. There are no questions for possible adjudication concerning the investment, management, administration, disposition of the principal and income of this Trust, as all items are included for the accounting period. 26. No share or any part of the principal and interest of this Trust has been assigned or attached. 9 27. There are attached to this Petition pertinent documents, as follows: A. First and Final Account; B. Copy of Trust Under Agreement of Clarence V. Knudsen, Settlor; dated March 6, 2001, certified by counsel; C. Copy of the Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen; and D. Attorney's Certificate of Notice. 28. The distributive shares of principal and income and the persons or entity are requested are set forth in the Statement of Proposed Distribution, made pursuant to Orphans' Court Rule 6.9, which is attached and incorporated as Exhibit -~ - WHEREFORE, your petitioners respectfully request that the First and Final Account be confirmed and further request approval for distribution of the Trust's principal and income pursuant to the Statement of Proposed Distribution. Respectfully submitted, By: Je ey R. Boswell, Esquire Attorney for Trustees, PNC Bank, National Association, and David C. Knudsen Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001 By:r~~Il ~ ~~. ~ ~~ Debra A. Smith, C.T. F.A., Assistant Vice President and Trust Advisor, PNC Bank, National Association, Trustee 10 By: David C. Knudsen, Trustee Dated: July ~, 2008 11 COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND ss. On this, the ~ day of , 2008, before me, the undersigned, personally appeared D A. S th, C.T.F.A., who acknowledged herself to be an Assistant Vice Preside nd Tru Advisor of PNC Bank, National Association, Trustee of the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001, executed the foregoing instrument for the purposes therein contained. IN WITNESS WHEREOF, I her ~;l"3t~ITRON WI.?:AI_;I :~I OF_ _1?ENNSYLVANIA Notarial Seal Denise C. Sullenberger, Notary Public Hampden Twp., Cumberland County My Commission Expires Dec. 1, 2008 Member. ~ennsyivania Association of Notaries 12 COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN ss. On this, the 17th day of July, 2008, before me, the undersigned, personally appeared David C. Knudsen, Trustee of the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001, who executed the foregoing instrument for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ~~~ NOTARY PUBLIC COMMONWEALTH OF PENNSYLVANIA Notarial Seal Connie L Hardy, Notary PubGo CITY ~ Hartiaburg, Dauphin county MY ComrrEissiort E>~S Feb. 16, 2011 amber, t~enna~~~Ea Association of Notaries 13 CONSENT WHEREAS, I am Karen A. Knudsen, a legally competent adult, daughter of Clarence V. Knudsen, who died on October 5, 2007; WHEREAS, I acknowledge that Karen A. Knudsen, David C. Knudsen, and Paul R. Knudsen, are the adult children of Clarence V. Knudsen; WHEREAS, I acknowledge the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001 ("Trust"), provides for distribution to the Settlor's surviving spouse and to the Knudsen Family Trust, upon the Settlor's death, and upon her death, into equal separate shares for each living child; WHEREAS, I acknowledge that my brother, Paul R. Knudsen, is an adult, who, by reason of mental disability, is unable properly to administer the income and principal to be distributed, though he has not been adjudicated incompetent; and WHEREAS, I acknowledge that the Trustee may determine how payment shall be made to any incapacitated person; NOW, THEREFORE, I consent to distribution of the income and principal of the Trust, as follows: 1. Karen A. Knudsen - 1 /3 share; 2. David C. Knudsen - 1/3 share; and 3. Sovereign Bank, Trustee of the Knudsen Irrevocable Special Needs Trust for the benefit of Paul R. Knudsen - 1/3 share. I state that the statements contained in the foregoing Consent are true and correct, based on my personal knowledge, information, and belief. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 relating to unsworn falsification to authorities. Karen A. Knudsen Dated: (~'` EXHIBIT CONSENT WHEREAS, I am David C. Knudsen, a legally competent adult, son of Clarence V. Knudsen, who died on October 5, 2007; WHEREAS, I acknowledge that Karen A. Knudsen, David C. Knudsen, and Paul R. Knudsen, are the adult children of Clarence V. Knudsen; WHEREAS, I acknowledge the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001 ("Trust"), provides for distribution to the Settlor's surviving spouse and to the Knudsen Family Trust, upon the Settlor's death, and upon her death, into equal separate shares for each living child; WHEREAS, I acknowledge that my brother, Paul R. Knudsen, is an adult, who, by reason of mental disability, is unable properly to administer the income and principal to be distributed, though he has not been adjudicated incompetent; and WHEREAS, I acknowledge that the Trustee may determine how payment shall be made to any incapacitated person; NOW, THEREFORE, I consent to distribution of the income and principal of the Trust, as follows: 1. Karen A. Knudsen - 1/3 share; 2. David C. Knudsen - 1/3 share; and 3. Sovereign Bank, Trustee of the Knudsen Irrevocable Special Needs Trust for the benefit of Paul R. Knudsen - 1/3 share. I state that the statements contained in the foregoing Consent are true and correct, based on my personal knowledge, information, and belief. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 relating to unsworn falsification to authorities. David C. Knudsen ~ " ~ - Dated v D~ EXHIBIT CONSENT WHEREAS, I am Charlotte Knudsen, a legally competent adult, an Individual, Agent Under Power of Attorney of Paul R. Knudsen, and spouse of Paul R. Knudsen, son of Clarence V. Knudsen, who died on October 5, 2007; WHEREAS, I acknowledge that Karen A. Knudsen, David C. Knudsen, and Paul R. Knudsen, are the adult children of Clarence V. Knudsen; WHEREAS, I acknowledge the Clarence V. Knudsen Trust Under Agreement, dated Mach b, 2001 ("Trust"), provides for distribution to the Settlor°s surviving spouse and to the Knudsen Family Trust, upon the Settlor's death, and upon her death, into equal separate shares for each living child; WHEREAS, I acknowledge that my spouse, Paul R. Knudsen, is an adult, who, by reason of mental disability, is unable properly to administer the income and principal to be distributed, though he has not been adjudicated incompetent; and WHEREAS, I acknowledge that the Trustee may determine how payment shall be made to any incapacitated person; NOW, THEREFORE, I consent to distribution of the income and principal of the Trust, as follows: 1. Karen A. Knudsen - 1/3 share; 2. David C. Knudsen - 1/3 share; and 3. Sovereign Bank, Trustee of the Knudsen Irrevocable Special Needs Trust for the benefit of Paul R. Knudsen - 1/3 share. I state that the statements contained in the foregoing Consent are true and correct, based on my personal knowledge, information, and belief. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 relating to unsworn falsification to authorities. Charlotte Knudsen, Individually and as Agent Under Power of Attorney of Paul R. Knudsen Dated: ~~~ EXHIBIT CONSENT WHEREAS, I am Dawn M. Lusk, a legally competent adult, daughter of Paul R. Knudsen, son of Clarence V. Knudsen, who died on October 5, 2007; WHEREAS, I acknowledge that Karen A. Knudsen, David C. Knudsen, and Paul R. Knudsen, are the adult children of Clarence V. Knudsen; WHEREAS, I acknowledge the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001 ("Trust"), provides for distribution to the Settlor's surviving spouse and to the Knudsen Family Trust, upon the Settlor's death, and upon her death, into equal separate shares for each living child; WHEREAS, I acknowledge that my father, Paul R. Knudsen, is an adult, who, by reason of mental disability, is unable properly to administer the income and principal to be distributed, though he has not been adjudicated incompetent; and WHEREAS, I acknowledge that the Trustee may determine how payment shall be made to any incapacitated person; NOW, THEREFORE, I consent to distribution of the income and principal of the Trust, as follows: 1. Karen A. Knudsen - 1 /3 share; 2. David C. Knudsen - 1/3 share; and 3. Sovereign Bank, Trustee of the Knudsen Irrevocable Special Needs Trust for the benefit of Paul R. Knudsen - 1/3 share. I state that the statements contained in the foregoing Consent are true and correct, based on my personal knowledge, information, and belief. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 relating to unsworn falsification to authorities. Dawn M. Lusk Dated: --~,~~ ~~ C,, ~ t7~ EXHIBIT ~~n/vh CONSENT WHEREAS, I am Paula K. Knudsen Burke, a legally competent adult, daughter of Paul R. Knudsen, son of Clarence V. Knudsen, who died on October 5, 2007; WHEREAS, I acknowledge that Karen A. Knudsen, David C. Knudsen, and Paul R. Knudsen, are the adult children of Clarence V. Knudsen; WHEREAS, I acknowledge the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001 ("Trust"), provides for distribution to the Settlor's surviving spouse and to the Knudsen Family Trust, upon the Settlor's death, and upon her death, into equal separate shares for each living child; WHEREAS, I acknowledge that my father, Paul R. Knudsen, is an adult, who, by reason of mental disability, is unable properly to administer the income and principal to be distributed, though he has not been adjudicated incompetent; and WHEREAS, I acknowledge that the Trustee may determine how payment shall be made to any incapacitated person; NOW, THEREFORE, I consent to distribution of the income and principal of the Trust, as follows: 1. Karen A. Knudsen - 1/3 share; 2. David C. Knudsen - 1/3 share; and 3. Sovereign Bank, Trustee of the Knudsen Irrevocable Special Needs Trust for the benefit of Paul R. Knudsen - 1/3 share. I state that the statements contained in the foregoing Consent are true and correct, based on my personal knowledge, information, and belief. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 relating to unsworn falsification to authorities. Paula K. Knudsen Burke Dated: ~ ~ S EXHIBIT CONSENT WHEREAS, I am Claudia A. Braymer, a legally competent adult, daughter of Paul R. Knudsen, son of Clarence V. Knudsen, who died on October 5, 2007; WHEREAS, I acknowledge that Karen A. Knudsen, David C. Knudsen, and Paul R. Knudsen, are the adult children of Clarence V. Knudsen; WHEREAS, I acknowledge the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001 ("Trust"), provides for distribution to the Settlor's surviving spouse and to the Knudsen Family Trust, upon the Settlor's death, and upon her death, into equal separate shares for each living child; WHEREAS, I acknowledge that my father, Paul R. Knudsen, is an adult, who, by reason of mental disability, is unable properly to administer the income and principal to be distributed, though he has not been adjudicated incompetent; and WHEREAS, I acknowledge that the Trustee may determine how payment shall be made to any incapacitated person; NOW, THEREFORE, I consent to distribution of the income and principal of the Trust, as follows: 1. Karen A. Knudsen - 1 /3 share; 2. David C. Knudsen - 1/3 share; and 3. Sovereign Bank, Trustee of the Knudsen Irrevocable Special Needs Trust for the benefit of Paul R. Knudsen - 1/3 share. I state that the statements contained in the foregoing Consent are true and correct, based on my personal knowledge, information, and belief. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 relating to unsworn falsification to authorities. laudia A. raymer Dated: ~QD~ EXHIBIT CONSENT OF SOVEREIGN BANK. A FEDERAL SAVINGS ASSOCIATION Sovereign Bank, a federal savings association, with an office at Second and Pine Streets, Harrisburg, Pennsylvania 17101, is a corporate fiduciary property authorized to do business in the Commonwealth of Pennsylvania. Sovereign Bank, a federal savings association, consents to its appointment as Trustee of the Irrevocable Special Needs Trust for the benefit of Paul R. Knudsen to administer same, pursuant to the Uniform Trust Act § 7771, et. seq. SOVEREIGN BANK, a federal savings association By: Charlene E. Hoffman, V' resident COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN ss. On the ~ day of April, 2008, before me, a Notary Public, personally appeared Charlene E. Hoffman, who acknowledged herself to be the Vice President of Sovereign Bank, a federal savings association, and being authorized to do so as such officer has executed the within instrument for the purposes therein contained by signing the name of the corporation by herself as such officer. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. Notary Public ,% My commission expires: COMMONWEALTH OF PENNSYLVANIA Notarial Seal Laura L. Berridge, Notary Public City Of Harrisburg, Dauphin County My Commission Expires Nov. 29, 2010 Member, Pennsylvania Aseoolation o} Notarlara EXHIBIT IRREVOCABLE TRUST AGREEMENT OF CLARENCE V. KNUDSEN AND RUTH E. KNUDSEN Jeffrey R. Boswell, Esquire Boswell, Tintner, Piccola & Alford 315 N. Front Street P. O. Box 741 Harrisburg, Pennsylvania 17101-0741 EXHIBIT IRREVOCABLE SUPPLEMENTAL NEEDS TRUST AGREEMENT Introductory Clause. This Irrevocable Trust Agreement made this the ~4~ da of Y April, 2008 between CLARENCE V. KNUDSEN, by his Trustees, namely PNC Bank, National Association, and David C. Knudsen, of his Trust Under Agreement, dated March 6, 2001, and RuTx E. KNUDSEN, by her Trustees, namely PNC Bank, National Association, and David C. Knudsen, of her Trust Under Agreement, dated March 6, 2001, both Clarence V. Knudsen and Ruth E. Knudsen, hereinafter referred to as the Settlor and SOVEREIGN BANK, a federal savings association, hereinafter referred to as the Trustee. The Trust Agreement shall be known as the Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen, dated April ~~, 2008. This Trust Agreement shall become effective upon the execution hereof by the Settlor and any initial Trustee. The Settlor's adult child: PAUL R. KNUDSEN suffers from a mental disability to render him incapable of administering tangible and intangible property that he may otherwise possess.. ARTICLE I Description of Property Transferred. Pursuant to the Order of Court entered in the Court of Common Pleas of Cumberland County, Orphans' Court Division, No. 2000-00831 and the Order of Court entered in the Court of Common Pleas of Cumberland County, Orphans' Court Division, No. 2000-00832, the Settlor has irrevocably paid over, assigned, granted, conveyed, transferred and delivered, and by this Agreement does hereby pay over, assign, grant, convey, transfer and deliver unto the Trustee the property described in Schedule A, annexed hereto and made a part hereof. This property and any other assets of any kind or character whatever which may be added to the Trust by the Settlor or anyone else, under the terms of the Settlor's Will or the terms of any trusts established by the Settlor, or in any other manner, as invested or reinvested (hereinafter referred to as the "Trust Estate"), shall be held, administered and distributed by the Trustee as hereinafter set forth. ARTICLE II Irrevocability. The Settlor hereby divests the Settlor irrevocably of any right to annul, retract or diminish the initial gift or any future gifts hereunder or to alter, revoke, terminate or amend this Trust Agreement or any of its terms and does irrevocably renounce and release (1) all possession and enjoyment of, and the right to the income from the Trust Estate, whether directly or indirectly, as well as any benefit from or interest of any nature, present or future, vested or contingent in the Trust Estate; (2) any power of any kind over the Trust or the Trustee or any successor or any power to designate the persons who shall possess or enjoy the Trust Estate or the income from it, and (3) any right or power to be a substitute or successor Trustee by court order, operation of any law or otherwise. -2- ARTICLE III Settlor's Intention and Purpose of Trust. The following is a statement of the Settlor's intent and purpose for this Trust. (1) Designation of Trust Beneficiary. The Settlor desires to create an irrevocable trust to benefit PAUL R. I~vUDSEN (hereinafter called the "named beneficiary"), in accordance with the terms of this Trust, and thereafter to benefit the residuary beneficiaries specified in this Agreement. (2) Statement of Trust Purpose. The Settlor's intent is that this Trust is to supplement any benefits either received or receivable by PAUL R. KNUDSEN through or from various governmental assistance programs and not to supplant any such benefits. It is the Settlor's intention that this Trust shall not supplant or replace public assistance benefits of any county, state, federal, or other governmental agency, which has a legal responsibility to serve persons with disabilities, including Supplemental Security Income (SSI), federal Social Security Disability Insurance (SSDI), and other federal, state, or local governmental assistance programs. All actions of the Trustee shall be directed toward carrying out this intent. For purposes of determining the named beneficiary's public benefits programs, no part of the principal or income of this Trust shall be considered available to said named beneficiary. In the event the Trustee is requested by any department or agency administering any benefits to release principal or income of this Trust to or on behalf of the named beneficiary to pay for any services which any government benefit program is authorized to provide, or in the event the Trustee is requested by any department or agency administering any benefits to petition the court or any other administrative agency for the release of trust principal or income for this purpose, the Trustee is authorized to deny such request and is authorized to defend, at the expense of the Trust, any demand, contest, or attack. It is the Settlor's intent that the named beneficiary continue to have these programs available to the named beneficiary in order to maintain a level of human dignity and humane care. (3) Prohibition on Certain Distributions. The Trustee is prohibited from making any distribution to any governmental entity to replace or reimburse or supplant any public assistance benefit of any county, state, federal, or other governmental agency which has a legal responsibility to serve persons with disabilities which are the same or similar to the impairment(s) of the named beneficiary herein, and shall not distribute trust assets to or for the benefit of the named beneficiary for such needs as would be provided for in the absence of this Trust by governmental financial assistance or benefits or by any provider of services. In no event shall Trust property be distributed in such manner that any governmental financial assistance, which would be available to the named beneficiary if this Trust did not exist, is in any way reduced, diminished, altered, or denied. All terms of this Trust, wherever they may appear, shall be interpreted to conform to this primary goal, namely that the governmental financial assistance which would otherwise be available to the named beneficiary if this Trust did not exist will in no way be reduced, diminished, altered, or denied. -3- ARTICLE IV Distributions. This Trust shall be held, administered, and distributed as set forth below: (1) Discretionary Distributions for Named Beneficiary. The Trustee shall, in the Trustee's sole and absolute discretion, distribute so much income and principal to or for the benefit of the named beneficiary as the Trustee shall, in the Trustee's sole discretion, determine in order to provide supplemental benefits, as hereinafter defined, to the benefits otherwise receivable by the named beneficiary through or from various governmental assistance programs. The Trustee shall not be required to distribute income currently. Any income not distributed shall be added to and become a part of the principal. (2) Definition of Supplemental Needs. The following are examples of supplemental disbursements that may be appropriate for the Trustee to fund from this Trust, when there are no public funds available: (a) Medical treatments and diagnostic work, including but not limited to independent medical check-ups, second opinions, rehabilitation, medical equipment, and drugs. (b) Dental treatment and diagnostic work, and dental appliances. (c) Supplemental nursing care or rehabilitative services. (d) Private rooms and types of suitable accommodations, while institutionalized. (e) Housing, including but not limited to rent for suitable housing, furniture, furnishings, etc. (f) Utilities, including but not limited to electricity, water, gas, cable television, Internet service, etc. (g) Basic living expenses, including but not limited to food and special dietary needs, clothing, toiletries, transportation (including vehicle purchase), spending money, electronic and computer equipment, medical, property, liability, and other types of insurance, appropriate recurring allowance, etc. (h) Educational, training, and vocational program expenses, including but not limited to tuition, books, fees, travel expenses, etc. (3) Direction to Trustee to Obtain Legal Assistance for Named Beneficiary. The Trustee shall, on an annual basis or as deemed reasonably necessary by the Trustee, consult with an attorney with appropriate expertise in the area of public benefits and trust law to review state and federal legislation, regulations, and other requirements to ensure that the public benefits eligibility of the named beneficiary is not jeopardized by inappropriate actions or distributions by the Trustee. The cost of such attorney consultations shall be paid by the Trustee from Trust assets. The Trustee shall have a legal advocate to protect the legal rights of the named -4- beneficiary and to ensure that the named beneficiary shall receive services that will assist the named beneficiary in achieving a reasonably normal lifestyle. (4) Direction to Trustee to Obtain Advice from Friends and Family. The Trustee may, when the Trustee deems necessary, consult with friends and family members of the named beneficiary to determine what actions of the Trust will be in the best interests of the named beneficiary. The Trustee may seek such advice as the Trustee deems appropriate to assist the named beneficiary and to help the named beneficiary achieve a reasonably normal lifestyle. (5) Priority of Beneficiaries. This Trust shall be primarily for the benefit of the named beneficiary, and the rights of the remainder beneficiary(ies) shall be of secondary importance. The Trustee shall not be held accountable to any remainder beneficiary if part or all of the principal shall be depleted as a result of distributions under this Trust in accordance with the terms of this Trust. Any determination made by the Trustee in good faith as to the manner in which or the extent to which the powers granted by this Trust shall be exercised shall be binding and conclusive upon all persons who might then or thereafter have or claim any interest in the Trust property. (6) Authorization to Apply on Beneficiary's Behalf for Public Benefits. The Settlor declares that it is the Settlor's intent, as expressed herein, that because the named beneficiary is disabled and will be unable to maintain and support himself independently, the Trustee shall, in the exercise of the Trustee's best judgment and fiduciary duty and to the extent permitted by law, seek support and maintenance for the named beneficiary from all available public resources, including Supplemental Security Income (SSI), federal Social Security Disability Insurance (SSDI), and other governmental benefits. (7) Commingling. No public assistance benefits for the named beneficiary of this Trust shall be added to this Trust. (8) Payment of Beneficiary's Debts and Taxes. Upon the death of the named beneficiary, the Trustee, in the Trustee's sole discretion, may pay any inheritance, estate, or other death faxes shat may be due by reason of the named beneficiary's death, and any expenses of such named beneficiary's last illness and funeral, and expenses related to administration and distribution of the named beneficiary's estate (including the fees of accounting, legal, and other professionals), if other satisfactory provisions have not been made for the payment of such taxes and expenses. The Trustee shall make no payments for obligations incurred for said named beneficiary's health, support, and maintenance if the Trustee shall determine in the Trustee's sole discretion that payment therefor is the obligation of any county, state, federal, or other governmental agency which has a legal responsibility to serve persons with disabilities which are the same as or similar to the impairment(s) of the named beneficiary herein. ARTICLE V Definition of Trust Term. The Trust term shall be defined as follows: -5- Definition of Trust Term. The "Trust term" shall begin as of its date of execution and shall end upon the death of PAUL R. KNUDSEN. Upon such termination, the undistributed balance of the Trust Estate shall be distributed free of trust to the remainder beneficiaries. ARTICLE VI Distributions Upon Termination. The Trust distribution provisions upon termination shall be defined, as follows: Distribution to Named Beneficiary's Issue. Contingent to Designated Beneficiary. Upon the termination of the Trust, the Trustee shall divide this Trust as then constituted into equal separate shares so as to provide One (1) share for each then living child of Paul R. Knudsen and One (1) share for each deceased child of Paul R. Knudsen, which deceased child shall leave issue then living. The Trustee shall thereafter distribute each such share. If no issue shall then survive, then the Trust Estate shall be distributed in equal shares to Paul R. Knudsen's brother and sister, and to their respective issue of either of them has predeceased Paul R. Knudsen. ARTICLE VII Trustee Succession, Trustee's Fees and Other Matters. The provisions for naming the Trustee, Trustee succession, Trustee's fees and other matters are set forth below: (1) Limitation of Liability. Sovereign Bank, a federal saving association, shall have no liability or responsibility for any acts or omissions of any prior Trustee. Furthermore, Sovereign Bank shall not be liable for losses incurred as a result of investment directions of another or any prior Trustee, or as a result of retaining property pursuant to directions to do so. (2) Naming Corporate Successor or Substitute Trustee. Except as otherwise provided herein, if SOVEREIGN BANK, a federal savings association, or any successor as herein defined should fail to qualify as Trustee hereunder, or for any reason should cease to act in such capacity, the successor or substitute corporate Trustee shall be some other bank or trust company qualified to do business in the State of the Settlor's domicile at the time of the Settlor's death, which successor or substitute shall be designated by the court having jurisdiction over this Trust. Sovereign Bank may, upon thirty (30) days written notice resign if the Trust's market value, including principal and accumulated income, is less than $100,000, and may contemporaneously, prior to resignation, name a successor Trustee, which may be corporate trustee authorized to serve in that capacity in the Commonwealth of Pennsylvania or an individual who may be related to the named beneficiary, excluding his spouse or his children, his grandchildren, and their respective spouses. (3) Fee Schedule for Corporate Trustee. For its services as Trustee, the corporate Trustee shall receive an annual fee based on its standard fee schedule, which may or may not change periodically. (4) Change in Corporate Fiduciary. Any corporate successor to the trust business of the corporate fiduciary designated herein or at any time acting hereunder shall succeed to the capacity of its predecessor without conveyance or transfer. -6- (5) Trustee Accountings and Settlement. The Trustee shall report on Trust activities and account to the beneficiaries, as follows: (a) Trustee Accountings. If there are more than nominal assets in the Trust, the Trustee shall render an accounting of the Trust's receipts and disbursements and a statement of the assets and liability of the Trust at least annually to each current income beneficiary and all beneficiaries entitled by law to receive an accounting. The Trustee may, but shall not be required to, file such accountings with the Court having jurisdiction of the Trust. The Settlor specifically waives any requirement for formal or court approved accounting. If the Trustee provides an accounting to each current income beneficiary and all beneficiaries entitled by law and those beneficiaries do not notify the Trustee in writing of an objection to such accounting within ninety (90) days of the receipt of such accounting, then the accounting shall be deemed accepted and approved by such beneficiary. (b) Settlement of Trustee Accounting by Beneficiaries. The Trustee may at any time settle its account with respect to the Trust Estate, or any separate share of the Trust Estate, by a written agreement. The written agreement shall be between the Trustee and all appropriate living income beneficiaries and remainder beneficiaries for the Trust Estate, or separate Trust share as appropriate. If a beneficiary is either a minor or incompetent, then the guardian for such person may represent such individual. Such agreement shall bind all persons then or thereafter entitled to such share of the Trust Estate for which the Trustee and beneficiaries reached written agreement. Such agreement shall constitute a complete release and discharge of the Trustee for the acts of the Trustee covered in the accounting and the period covered by the agreement. (c) Settlement of Trustee Accounting Upon Termination of Trust. Prior to either delivering the Trust Estate to a successor Trustee or making a complete distribution of all or a separate share of the Trust Estate, the Trustee shall prepare and deliver its accounting of the Trust or the applicable Trust share, as appropriate, to the appropriate beneficiaries. The Settlor and/or applicable beneficiaries may waive such requirements for such accounting. (6) Limitation of Liability and Duties of Successor Trustee for Acts of Prior Trustee. No successor Trustee shall have any liability or responsibility for any acts or omissions of any prior Trustee. The Trust shall indemnify and hold harmless any currently serving Trustee for the acts or omissions of any such prior Trustee. A current Trustee may, but shall not have the obligation to, audit or investigate the accounts or administration of any prior Trustee. In the event that any present or future beneficiary shall request in writing that the Trustee investigate or take any action against a prior Trustee, the current Trustee may, but not be required to, either i) determine if such action is either inappropriate or unlikely to result in a favorable conclusion for the Trust and therefore decline to take such action or ii) require that the beneficiary requesting such action indemnify the Trust and Trustee and fund all the expenses of such action to the extent that the Trustee deems appropriate. The Trustee shall have the sole discretion to act with regard to these decisions. -7- ARTICLE VIII Definition of Trustee. Whenever the word "Trustee" or any modifying or substituted pronoun therefor is used in this Trust, such words and respective pronouns shall include both the singular and the plural, the masculine, feminine and neuter gender thereof, and shall apply equally to the Trustee named herein and to any successor or substitute Trustee acting hereunder, and such successor or substitute Trustee shall have all the rights, powers and duties, authority and responsibility conferred upon the Trustee originally named herein. ARTICLE IX Powers for Trustee. The Trustee is authorized in its fiduciary discretion (which shall be subject to the standard of reasonableness and good faith to all beneficiaries) with respect to any property, real or personal, at any time held under any provision of this Trust Agreement and without authorization by any court and in addition to any other rights, powers, authority and privileges granted by any other provision of this Trust Agreement or by statute or general rules of law: (1) To collect trust property and accept or reject additions to the Trust Estate from a Settlor or any other person. (2) To retain in the form received any property or undivided interests in property donated to, or otherwise acquired as a part of the Trust Estate, including residential property and shares of the Trustee's own stock, regardless of any lack of diversification, risk or nonproductivity, as long as it deems advisable, and to exchange any such security or property for other securities or properties and to retain such items received in exchange, although such property represents a large percentage of the total property of the Trust Estate or even the entirety thereof. (3) To deposit trust money in accounts of all types, including margin accounts, in all types of regulated financial service institutions. (4) To invest and reinvest all or any part of the Trust Estate in any property and undivided interests in property, wherever located, including bonds, debentures, notes, secured or unsecured, stocks of corporations regardless of class, interests in limited partnerships, limited liability companies or similar entities, real estate or any interest in real estate whether or not productive at the time of investment, interests in trusts, investment trusts, whether of the open and/or closed fund types, and participation in common, collective or pooled trust funds of the Trustee, insurance contracts on the life of any beneficiary or annuity contracts for any beneficiary, without being limited by any statute or rule of law concerning investments by fiduciaries. (5) To abandon or decline to administer property of no value or of insufficient value to justify its collection or continued administration. (6) To sell or dispose of or grant options to purchase any property, real or personal, constituting a part of the Trust Estate, for cash or on credit, at public or private sale, to exchange -8- any property of the Trust Estate for other property, at such times and upon such terms and conditions as it may deem best, and no person dealing with it shall be bound to see to the application of any monies paid. (7) To hold any securities or other property in its own name as Trustee, in its own name, in the name of a nominee (with or without disclosure of any fiduciary relationship) or in bearer form. (8) To keep, at any time and from time to time, all or any portion of the Trust Estate in cash and uninvested for such period or periods of time as it may deem advisable, without liability for any loss in income by reason thereof. (9) To sell or exercise stock subscription or conversion rights. (10) To refrain from voting or to vote shares of stock which are a part of the Trust Estate at shareholders' meetings in person or by special, limited, or general proxy and in general to exercise all the rights, powers and privileges of an owner in respect to any securities constituting a part of the Trust Estate. (11) To participate in any plan of reorganization or consolidation or merger involving any company or companies whose stock or other securities shall be part of the Trust Estate, and to deposit such stock or other securities under any plan of reorganization or with any protective committee and to delegate to such committee discretionary power with relation thereto, to pay a proportionate part of the expenses of such committee and any assessments levied under any such plan, to accept and retain new securities received by the Trustee pursuant to any such plan, to exercise all conversion, subscription, voting and other rights, of whatsoever nature pertaining to such property, and to pay any amount or amounts of money as it may deem advisable in connection therewith. (12) To borrow money with or without security and to encumber, mortgage, or pledge any asset of the Trust Estate for a term within or extending beyond the term of the trust, in connection with the exercise of any power vested in the Trustee. (13) To authorize transactions (including the purchase of government, corporate, municipal, or like securities from the corporate trustee's own inventory) that may be carried out through brokers and dealers selected by the trustees, including any appropriate division of the corporate trustee or any affiliate and any broker or dealer from whom the corporate trustee receives research and investment services, so long as the trustee engages in such transactions in good faith, and in its judgment for the best interest of the Trust Estate. Any such division, affiliate, broker, or dealer may receive a commission or retain a profit on such transactions. (14) To invest in proprietary funds or bank stock without liability for self-dealing, to retain, purchase as an investment, sell, vote, or refrain from voting securities that were issued by any corporate fiduciary or by any corporate fiduciary's affiliates; exercise or refrain from exercising any option, rights, or provileges that are available to Trustee for the purchase of any such securities; invest principal or income in any corporate fiduciary's common trust funds or -9- mutual funds, or in the common trust funds or mutual funds of any corporate affiliates; receive fees from any common trust fund or mutual fund for services rendered; borrow money from an affiliate of a corporate fiduciary and delegate any part of the corporate fiduciary's responsibilities to one or more of that fiduciary's affiliate or third parties. (15) To collect, receive, and receipt for rents, issues, profits, and income of the Trust Estate. (16) To insure the assets of the Trust Estate against damage or loss and to insure the Trustee, the Trustee's agents, and beneficiaries against liability arising from the administration of the Trust. (17) To select a mode of payment under any employee benefit or retirement plan, annuity, or life insurance payable to the Trustee, exercise rights thereunder, including exercise of the right to indemnification for expenses and against liabilities, and take appropriate action to collect the proceeds. (18) In buying and selling assets, in lending and borrowing money, and in all other transactions, irrespective of the occupancy by the same person of dual positions, to deal with itself in its separate, or any fiduciary capacity. (19) To compromise, adjust, arbitrate, sue on or defend, abandon or decline to administer property of no value or of insufficient value to justify its collection or continued administration, or otherwise deal with and settle claims in favor of or against the Trust Estate or to prosecute or defend an action, claim, or judicial proceeding in any jurisdiction to protect the Trust Estate and the Trustee in the performance of the Trustee's duties, as the Trustee shall deem best. (20) To exercise elections with respect to federal, state, and local taxes. (21) To employ and compensate agents, accountants, investment advisors, brokers, attorneys-in-fact, attorneys-at-law, tax specialists, realtors, appraisers, and other assistants and advisors deemed by the Trustee needful for the proper administration of the Trust Estate, and to do so without liability for any neglect, omission, misconduct, or default of any such agent or professional representative provided such person was selected and retained with reasonable care. (22) To appoint a Trustee to act in another jurisdiction with respect to the Trust Estate located in the other jurisdiction, confer upon the appointed Trustee all of the powers and duties of the appointing Trustee, require that the appointed Trustee furnish security, and remove any Trustee so appointed. (23) To determine what shall be fairly and equitably charged or credited to income and what to principal. (24) To resolve a dispute concerning the interpretation of the Trust or its administration by mediation, arbitration, or other procedure for alternative dispute resolution. -10- (25) To hold and retain the principal of the Trust Estate undivided until actual division shall become necessary in order to make distributions; to hold, manage, invest, and account for the several shares or parts thereof by appropriate entries on the Trustee's books of account; and to allocate to each share or part of share its proportionate part of all receipts and expenses; provided, however, the carrying of several trusts as one shall not defer the vesting in title or in possession of any share or part of share thereof. (26) To make payment in cash or in kind, or partly in cash and partly in kind upon any division or distribution of the Trust Estate (including the satisfaction of any pecuniary distribution) without regard to the income tax basis of any specific property allocated to any beneficiary and to value and appraise any asset and to distribute such asset in kind at its appraised value; and when dividing fractional interests in property among several beneficiaries to allocate entire interests in some property to one beneficiary and entire interests in other property to another beneficiary or beneficiaries. (27) In general, to exercise all powers in the management of the Trust Estate which any individual could exercise in his or her own right, upon such terms and conditions as it may reasonably deem best, and to do all acts which it may deem reasonably necessary or proper to carry out the purposes of this Trust Agreement. (28) To receive property bequeathed, devised or donated to the Trustee by the Settlor or any other person; to receive the proceeds of any insurance policy which names the Trustee as beneficiary; to execute all necessary receipts and releases to Personal Representatives, donors, insurance companies and other parties adding property to the Trust Estate. (29) To combine assets of two or more trusts if the provisions and terms of each trust are substantially identical, and to administer them as a single trust, if the Trustee reasonably determines that the administration as a single trust is consistent with the Settlor's intent, and facilitates the trust's administration without defeating or impairing the interests of the beneficiaries. (30) To divide any trust into separate shares or separate trusts or to create separate trusts if the Trustee reasonably deems it appropriate and the division or creation is consistent with the Settlor's intent, and facilitates the trust's administration without defeating or impairing the interests of the beneficiaries. (31) To divide property in any trust being held hereunder with an inclusion ratio, as defined in section 2642(a)(1) of the Internal Revenue Code of 1986, as from time to time amended or under similar future legislation, of neither one nor zero into two separate trusts representing two fractional shares of the property being divided, one to have an inclusion ratio of one and the other to have an inclusion ratio of zero, to create trusts to receive property with an inclusion ratio of either one or zero and if this cannot be done to refuse to accept property which does not have a matching inclusion ratio to the receiving trust's ratio, all as the Trustee in its sole discretion deems best. -11- ARTICLE X Restriction on Powers. Notwithstanding any other provisions of this Trust Agreement: (1) Limitations on Settlor's Borrowing from Trustee. The Settlor may not borrow from the Trust, directly or indirectly. (2) Limitations on Voting. No person other than the Trustee shall have or exercise the power to vote or direct the voting of any shares or other securities of the Trust Estate, to control the investment of the Trust Estate either by directing investments or reinvestments or by vetoing proposed investments or reinvestments, or to reacquire or exchange any property of the Trust by substituting other property of an equivalent value. ARTICLE XI Provision for Trustee to Act as Trustee for Beneficiary Under Age Twenty-One. If any share hereunder becomes distributable to a beneficiary who has not attained the age of Twenty-one (21), such share shall immediately vest in the beneficiary, but notwithstanding the provisions herein, the Trustee shall retain possession of the share in trust for the beneficiary until the beneficiary attains the age of Twenty-one (21), using so much of the net income and principal of the share as the Trustee deems necessary to provide for the medical care, education, support and maintenance in reasonable comfort of the beneficiary, taking into consideration to the extent the Trustee deems advisable any other income or resources of the beneficiary or his or her parents known to the Trustee. Any income not so paid or applied shall be accumulated and added to principal. The beneficiary's share shall be paid over and distributed to the beneficiary upon attaining age Twenty-one (21), or if he or she shall sooner die, to his or her personal representatives. The Trustee shall have with respect to each share so retained all the powers and discretions it had with respect to the trusts created herein generally. ARTICLE XII Trustee's Discretion in Making Payments to a Person Under Age Twenty-One, Incompetent, or Incapacitated Person. In case the income or principal payment under any trust created hereunder or any share thereof shall become payable to a person under the age of Twenty-one (21), or to a person under legal disability, or to a person not adjudicated incompetent, but who, by reason of illness or mental or physical disability, is, in the opinion of the Trustee unable properly to administer such amounts, then such amounts shall be paid out by the Trustee in such of the following ways as the Trustee deems best: (1) directly to the beneficiary; (2) to the legally appointed guardian of the beneficiary; (3) to some relative or friend for the medical care, education, support and maintenance in reasonable comfort of the beneficiary; (4) by the Trustee using such amounts directly for the beneficiary's care, support and education; (5) to a custodian for the beneficiary under the Uniform Gifts or Transfers to Minors Act. -12- ARTICLE XIII Definitions of Family. The following definitions shall be used to define the family: (1) Definition of Children. For purposes of this Trust, "children" means the lawful blood descendants in the first degree of the parent designated; and "issue" and "descendants" mean the lawful blood descendants in any degree of the ancestor designated. The terms "child," "children," "issue," "descendant" and "descendants" or those terms preceded by the terms "living" or "then living" shall include the lawful blood descendant in the first degree of the parent designated even though such descendant is born after the death of such parent. (2) Definition of Per Stirpes. The term "per stirpes" as used herein has the identical meaning as the term "taking by representation" as defined in the Pennsylvania Probate Code. Definition of Words Relating to the Internal Revenue Code. As used herein, any word or words which from the context in which it or they are used refer to the Internal Revenue Code shall have the same meaning as such words have for the purposes of applying the Internal Revenue Code to the Settlor's estate. For purposes of this Trust Agreement, the Settlor's "available generation-skipping transfer exemption" means the generation-skipping transfer tax exemption provided in section 2631 of the Internal Revenue Code of 1986, as amended, in effect at the time of the Settlor's death reduced by the aggregate of (1) the amount, if any, of the Settlor's exemption allocated to lifetime transfers of the Settlor by the Settlor or by operation of law, and (2) the amount, if any, the Settlor has specifically allocated to other property of the Settlor's gross estate for federal estate tax purposes. For purposes of this Trust Agreement if at the time of the Settlor's death the Settlor has made gifts with an inclusion ratio of greater than zero for which the gift tax return due date has not expired (including extensions) and the Settlor has not yet filed a return, it shall be deemed that the Settlor's generation-skipping transfer exemption has been allocated to these transfers to the extent necessary (and possible) to exempt the transfer(s) from generation-skipping transfer tax. Reference to sections of the Internal Revenue Code and to the Internal Revenue Code shall refer to the Internal Revenue Code amended to the date of the Settlor's death. ARTICLE XIV Simultaneous Death Provision Presuming Remainder Beneficiary Predeceases. If the named beneficiary and any successor beneficiary should die under circumstances in which the order of the deaths of those beneficiaries can not be determined, then it shall be conclusively presumed that the remainder beneficiary predeceased the named beneficiary. If any beneficiary of a younger generation should die under circumstances in which the order of the deaths of that younger generation beneficiary and the beneficiary of the older generation can not be determined, then it shall be conclusively presumed that the beneficiary of the younger generation predeceased the beneficiary of the older generation. -13- ARTICLE XV Spendthrift Provision. Except as otherwise provided herein, all payments of principal and income payable, or to become payable, to the beneficiary of any trust created hereunder shall not be subject to anticipation, assignment, pledge, sale or transfer in any manner, nor shall any beneficiary have the power to anticipate or encumber such interest, nor shall such interest, while in the possession of the fiduciary hereunder, be liable for, or subject to, the debts, contracts, obligations, liabilities or torts of any beneficiary. ARTICLE XVI Perpetuities Savings Clause. Notwithstanding anything herein to the contrary, the trusts created hereunder shall terminate not later than twenty one (21) years after the death of the last survivor of PAUL R. KNUDSEN living on the date of the Settlor's death, when the Trustee shall distribute each remaining trust hereunder to the beneficiary or beneficiaries of the current income thereof, and if there is more than one beneficiary, in the proportion in which they are beneficiaries or if no proportion is designated in equal shares to such beneficiaries. ARTICLE XVII State Law to Govern. This Trust Agreement and the trusts created hereby shall be construed, regulated and governed by and in accordance with the laws of the Commonwealth of Pennsylvania. Testimonium Clause. IN WITNESS WHEREOF, the Settlor and the Trustee have executed this Trust Agreement. WITNESSES: CLARENCE V. KNUDSEN, SETTLOR ~~ ~ ~ ~_ PNC BANK, NATIONAL ASSOCIATION, TRUSTEE And B Y• DA ID C. UDSEN, RUSTEE -14- RUTH E. KNUDSEN, SETTLOR ~~..:~°~ y~ PNC BANK, NATIONAL ASSOCIATION, TRUSTEE An sy: DAVID C. KNUDSEN, RUSTEE -15- COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND . ss. Ste" On this, the day of ~~~ ~ :,-''"^~~ , 2008, before me, the undersigned, personally appeared Debra A. Smith, ~ .T.F.A., who acknowledged herself to be an Assistant Vice President and Trust Advisor of P Wealth Management -Central, PNC Bank, National Association, Trustee of the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001, executed the foregoing instrument for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand ~nd'z3f~ici sear: ... ! ~~ . ~. COMMONWEALTH OF PENNSYLVANIA ray>~~~~:~is~ai Denise C. Suilenberc~er, N ar9 PuWiio Hampden Tv~p., Comb nd Co~nt~~ Rqy Commisvion F~rpi spec. Z, 2~7~38 ss. COUNTY OF D ~ ~°/~~- ^~ On this, the ~ ~ day of , 2008, before me, the undersigned, personally appeared David C. Knudse ,Trustee of the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001, who executed the foregoing instrument for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. -Gc~ v NOTARY PUBLIC COMMONWEALTH OF PENNSYLVANIA Notarial Seal Connie L Hardy, Notary Pttblic City Of Harrisburg, Dauphin Courriy My Commission E>~Irea Feb.16, 2011 Member, Pennsylvania Association of Notaries -16- COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND . ss. On this, the s~ day of__~~C1 --''~~~ , 2008, before me, the undersigned, personally appeared Debra A. Smith, ~.T.F.A., who acknowledged herself to be an Assistant Vice President and Trust Advisor of P Wealth Management -Central, PNC Bank, National Association, Trustee of the Ruth E. Knudsen Trust Under Agreement, dated March 6, 2001, executed the foregoing instrument for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my han~l`and official a . .__ ~ ~~ ~ ~~ ~ ~ ~ ~~„ ~, ~.~. ~: y' a~ „!tn ~ ~.:,I.:C t.XCl~Pa DEC. ~, qty{tip p ., ... ...T; r , ?,.. COMMONWEALTH OF PENNSYLVANIA COUNTY OF l~ ~ ~-' ~~1 r~ . ss. On this, the (off day of _ _, 2008, before me, the undersigned, personally appeared David C. Knudsen, Trustee of the Ruth E. Knudsen Trust Under Agreement, dated March 6, 2001, who executed the foregoing instrument for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. NOTARY P LIC -17- COMMONWEAL`CH OF PENNSYLVANIA Notarial Seal Connie L Hardy, Notary Public City Of Harrisburg, Dauphin County My Ctxnmission E~ires Feb. 16, 2011 Member, Pennsyl~ranla Association of Notaries "--?I ~tur 21 ~~u! i~~,~a~bet!~es, NUt ~.R:r9~v p <« ~ Tta~, ~` .~Fnberland Coin.}< CONSENT OF SOVEREIGN BANK. A FEDERAL SAVINGS ASSOCIATION Sovereign Bank, a federal savings association, with an office at Second and Pine Streets, Harrisburg, Pennsylvania 17101, is a corporate fiduciary property authorized to do business in the Commonwealth of Pennsylvania. Sovereign Bank, a federal savings association, consents to its appointment as Trustee of the Irrevocable Special Needs Trust for the benefit of Paul R. Knudsen to administer same, pursuant to the Uniform Trust Act § 7771, et. seq. SOVEREIGN BANK, a federal savings association B ~~1 y. ~'~ Charlene E. Hoffman, e President COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN . ss. On the cx 7 n - day of April, 2008, before me, a Notary Public, personally appeared Charlene E. Hoffman, who acknowledged herself to be the Vice President of Sovereign Bank, a federal savings association, and being authorized to do so as such officer has executed the within instrument for the purposes therein contained by signing the name of the corporation by herself as such officer. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. 6L-~Laeil~t~ s~~~(:{~t~ Notary Pubkj My commission expires: COMMONWEALTH OP PENNSYLVANIA Notarial Seal Laura L. Bunidge, Notary Public City Of Hanisburg, Dauphin County My Commission Expires Nov. 29, 2010 Member, Pennsylvania Aasoolatlon of Notarlea -18- IN THE ORPHANS' COURT DIVISION OF THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY COMMONWEALTH OF PENNSYLVANIA TRUST UNDER AGREEMENT OF CLARENCE V. KNUDSEN, SETTLOR, DATED 03/06/2001 No. 2000-00831 STATEMENT OF PROPOSED DISTRIBUTION PURSUANT TO ORPHANS' COURT RULE 6.9 PNC Bank, National Association, and David C. Knudsen, Trustees, respectfully request approval of the distributive shares of principal and income of the Trust Under Agreement of Clarence V. Knudsen, Settlor, dated 03/06/2001, by the stated Trustees, as follows: follows: Principal Balance on Hand: To: Karen A. Knudsen $656,301.76 218,767.25 To: Sovereign Bank, a national federal savings 218,767.25 association, Trustee, Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen To: David C. Knudsen TOTAL PRINCIPAL 218,767.26 $656.301.76 EXHIBIT Income balance on hand: $13,090.64 To: Karen A. Knudsen 4,363.54 To: Sovereign Bank, a national federal savings association, Trustee, Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen 4,363.55 To: David C. Knudsen 4,363.55 TOTAL INCOME $13,090.64 ~~ ~~' 3~4~a1 .Mt,' d 3 /23 n.s.J_ 3~2 S' COPY TRUST AGREEMENT OF CLARENCE i! KNUDSEN Jeffrey R. Boswell Boswell, Tintner, Piccola & Wickersham 315 North Front Street Harrisburg, Pennsylvania 17101 TRUST AGREEMENT Introductory Clause. This Agreement made this ~ day of March, 2001, between CLARENCE V. KNUDSEN, hereinafter referred to as the Settlor and PNC BANK, N.A., hereinafter referred to as the corporate trustee, and DAVID C. KNUDSEN, hereinafter sometimes referred to as the individual trustee. The corporate trustee and the individual trustee are hereinafter collectively referred to as the Trustee. The Settlor is married to RUTHE. KNUDSEN and has three living children: KARENA. KNUDSEN; PAUL R. KNUDSEN; and DAVID C. KNUDSEN. ARTICLE I Description of Property Transferred. The Settlor has paid over, assigned, granted, conveyed, transferred and delivered, and by this Agreement does hereby pay over, assign, grant, convey, transfer and deliver unto the Trustee the property described in Schedule A, annexed hereto and made a part hereof. This property and any other property that may be received or which has been received by the Trustee hereunder, as invested and reinvested (hereinafter referred to as the "Trust Estate"), shall be held, administered and distributed by the Trustee as hereinafter set forth. ARTICLE II Rights of Settlor and Trustee in Insurance Policies. During the Settlor's lifetime, the Settlor shall have all rights under any life insurance policies payable to the Trustee, including the right to change the beneficiary, to receive any dividends or other earnings of such policies without accountability therefor to the Trustee or any beneficiary hereunder, and may assign any policies to any lender, including the Trustee, as security for any loan to the Settlor or any other person; and the Trustee shall have no responsibility with respect to any policies, for the payment of premiums or otherwise, except to hold any policies received by the Trustee in safekeeping and to deliver them upon the Settlor's written request and upon the payment to the Trustee of reasonable compensation for services. The rights of any assignee of any policy shall be superior to the rights of the Trustee. If any policy is surrendered or if the beneficiary of any policy is changed, this trust shall be revoked with respect to such policy. However, no revocation of the trust with respect to any policy, whether pursuant to the provisions of the preceding sentence or otherwise, shall be effective unless the surrender or change in beneficiary of the policy is accepted by the insurance company. Upon the death of the insured under any policy held by or known to, and payable to, the Trustee, or upon the occurrence of some event prior to the death of the Settlor that matures any such policy, the Trustee, in its discretion, either may collect the net proceeds and hold them as part of the principal of the Trust Estate, or may exercise any optional method of settlement available to it, and the Trustee shall deliver any policies on the Settlor's life Trust Agreement of CLARENCE V. IQJ[JDSEN Page I held by it and payable to any other beneficiaries as those beneficiaries may direct. Payment to, and the receipt of, the Trustee shall be a full discharge of the liability of any insurance company, which need not take notice of this agreement or see to the application of any payment. The Trustee need not engage in litigation to enforce payment of any policy without indemnification satisfactory to it for any resulting expenses. ARTICLE III Provisions for Settlor During Lifetime. The Trustee shall hold, manage, invest and reinvest the Trust Estate (if any requires such management and investment) and shall collect the income, if any, therefrom and shall dispose of the net income and principal as follows: (1) During the lifetime of the Settlor, the Trustee shall pay to or apply for the benefit of the Settlor all the net income from this Trust. (2) During the lifetime of the Settlor, the Trustee may pay to or apply for the benefit of the Settlor such sums from the principal of this Trust as in its sole discretion shall be necessary or advisable from time to time for the medical care, education, support and maintenance in reasonable comfort of the Settlor, taking into consideration to the extent the Trustee deems advisable, any other income or resources of the Settlor known to the Trustee. ARTICLE IV Settlor's Rights to Amend, Change or Revoke the Trust Agreement. The Settlor may, by signed instruments delivered to the Trustee during the Settlor's life: (1) withdraw property from this Trust in any amount and at any time upon giving reasonable notice in writing to the Trustee; (2) add other property to the Trust; (3) change the beneficiaries, their respective shares and the plan of distribution; (4) amend this Trust Agreement in any other respect; (5) revoke this Trust in its entirety or any provision therein; provided, however, the duties or responsibilities of the Trustee shall not be enlarged without the Trustee's consent nor without satisfactory adjustment of the Trustee's compensation. ARTICLE V Discretionary Provisions for Trustee to Deal with Settlor's Estate and Make Payment of Debts and Taxes. After the Settlor's death, the Trustee, if in its discretion it deems it advisable, may pay all or any part of the Settlor's funeral expenses, legally enforceable claims against the Settlor or the Settlor's estate, reasonable expenses of administration of the Settlor's estate, any allowances by court order to those dependent upon the Settlor, any estate, inheritance, succession, death or similar taxes payable by reason of the Settlor's death, together with any interest thereon or other additions thereto, without reimbursement from the Settlor's executors or administrators, from any beneficiary of insurance upon the Settlor's life, or from any other person. All such payments, .except of interest, shall be charged generally against the principal of the Trust Estate includable in the Settlor's estate for Federal estate tax purposes and any interest Trust Agreement of CLARENCE V. KMJDSEN Page 2 so paid shall be charged generally against the income thereof; provided, however, any such payments of estate, inheritance, succession, death or similaz taxes (except generation-skipping transfer taxes) shall be charged against the principal constituting the KNUDSENFamily Trust and any interest so paid shall be charged against the income thereof. If such share or trust was created as a fraction, then such taxes thus paid shall reduce the numerator of that share or trust and the Trust Estate, thus likewise reducing the denominator of the fraction. The Trustee may make such payments directly or may pay over the amounts thereof to the executors or administrators of the Settlor's estate. Written statements by the executors or administrators of such sums due and payable by the estate shall be sufficient evidence of their amount and propriety for the protection of the Trustee and the Trustee shall be under no duty to see to the application of any such payments. The Trustee shall pay over to the executors or administrators of the Settlor's estate all obligations of the United States Government held hereunder which may be redeemed at par in payment of federal estate taxes. If administrative expenses are deducted on the estate's income tax return but paid from principal, then they shall be charged against the KNUDSEN Family Trust. The Trustee shall have the power to charge expenses of administration against income or principal, or apportion such expenses; provided, however, this power may not be exercised in a way which would reduce or otherwise adversely affect the marital deduction otherwise available for federal estate tax purposes. The Trustee shall not exercise this discretion in a manner which would impose a material limitation on the income otherwise passing to the marital shaee as provided in the regulations now in effect or subsequently promulgated and if the decision in the United States Supreme Court case of Commissioner v. Estate of Otis C. Hubert (March 18, 1997) is reversed or ovemtled by future judicial action, regulation or legislation, then the Trustee shall not possess the power granted herein. ARTICLE VI Specific Distributions. Upon the death of the Settlor, the Trustee shall make the following distributions: (1) General Distribution of Personal and Household Effects With a Precatory Memorandum. All the Settlor's personal and household effects of every kind including but not limited to furniture, appliances, furnishings, pictures, silverware, china, glass, books, jewelry, wearing apparel, boats, automobiles, and other vehicles, and all policies of fire, burglary, property damage, and other insurance on or in connection with the use of this property, shall be distributed to the Settlor's wife, RUTHE. KNUDSEN, if she shall survive the Settlor. If she shall not survive the Settlor, all this property shall be distributed to the children surviving the Settlor, in approximately equal shares; provided, however, the issue of a deceased child surviving the Settlor shall take per stirpes the share their pazent would have taken had he or she survived the Settlor. If the Settlor's issue do not agree to the division of the property among themselves, the Trustee shall make such division among them, the decision of the Trustee to be in all respects binding upon the Settlor's issue. The Settlor requests that the Settlor's wife, the Trustee and the Settlor's issue abide by any memorandum by the Settlor directing the disposition of this property or any part thereof. This request is precatory and not mandatory. If any beneficiary hereunder is Tnut Agreement of CLARENCE V. kNUDSEN Page 3 a minor, the Trustee may distribute such minor's share to such minor or for such minor's use to any person with whom such minor is residing or who has the care or control of such minor without further responsibility and the receipt of the person to whom it is distributed shall be a complete discharge of the Trustee. The cost of packing and shipping such property shall be charged as an expense of administration. (2) Definition of Trust Estate. As used in this Trust Agreement, the words "Trust Estate" shall mean the entire Trust Estate minus the specific distributions under this Article. ARTICLE VII Upon the death of the Settlor, the Trustee shall divide the Trust Estate (which shall include any property which maybe added from the Settlor's general estate) as follows: (1) Creation of TheRUTHE. KNUDSENShare and The KNUDSEN Family Trust. If the Settlor is survived by the Settlor's wife, RUTHE. KNUDSEN, the Trustee shall divide the Trust Estate into Two (2) separate shares, hereinafter designated as "the RUTHE. KNUDSENShare" and "the KNUDSEN Family Trust." The RUTHE. KNUDSENShare shall be composed of cash, securities or other property of the Trust Estate (undiminished by any estate, inheritance, succession, death or similar taxes) having a value equal to the maximum marital deduction as finally determined in the Settlor's federal estate tax proceedings, less the aggregate amount of marital deductions, if any, allowed for such estate tax purposes by reason of property or interests in property passing or which have passed to the Settlor's wife otherwise than pursuant to the provisions of this Article; provided, however, the amount for the RUTHE. KNUDSENShare hereunder shall be reduced by the amount, if any, needed to increase the Settlor's taxable estate (for federal estate tax purposes) to the largest amount that, after allowing for the unified credit against the federal estate tax, and the state death tax credit against such tax (but only to the extent that the use of such state death tax credit does not increase the death tax payable to any state), will result in the smallest (if any) federal estate tax being imposed on the Settlor's estate. The term "maximum marital deduction" shall not be construed as a direction by the Settlor to exercise any election respecting the deduction of estate administration expenses, the determination of the estate tax valuation date, or any other tax election which maybe available under any tax laws, only in such manner as will result in a larger allowable estate tax marital deduction than if the contrary election had been made. The Trustee shall have the sole discretion to select the assets which shall constitute the RUTHE. KNUDSENShare. In no event, however, shall there be included in this the RUTHE. KNUDSENShare any asset or the proceeds of any asset which will not qualify for the federal estate tax marital deduction, and this the RUTHE. KNUDSENShare shall be reduced to the extent that it cannot be created with such qualifying assets. The Trustee shall value any asset selected by the Trustee for distribution in kind as a part of the RUTHE. KNUDSENShare hereunder at the value of such asset at the date of distribution of such asset. The RUTHE. KNUDSENShare shall be paid over and distributed to the Settlor's wife free of trust. The KNUDSEN Family Trust shall be the balance of the Trust Estate after the assets have been selected for the RUTHE. KNUDSENShare. Trost Agreemrnt of C[.ARENCE V. KNUDSEN Page 4 (2) Creation of The KNUDSEN Family Trust. If the Settlor's wife shall not survive the Settlor, the KNUDSEN Family Trust shall be the entire Trust Estate. The KNUDSEN Family Trust shall be administered as hereinafter set forth. ARTICLE VIII The KNUDSEN Family Trust Introductory Provision. The %NUDSEN Family Trtcst shall be held, administered and distributed asfollows: (1) Payment to Wife of All Income. If the Settlor's wife shall survive the Settlor, then commencing with the date of the Settlor's death, the Trustee shall pay to or apply for the benefit of the Settlor's wife during her lifetime all the net income from the KNUDSEN Family Trust in convenient installments but no less frequently than quarter-annually. (2) Discretionary Payments of Principal for Wife. If the Settlor's wife shall survive the Settlor, the Trustee may pay to or apply for the benefit of the Settlor's wife during her lifetime, such sums from the principal of the KNUDSEN Family Trust as in its sole discretion shall be necessary or advisable from time to time for the medical care, education, support and maintenance in reasonable comfort of the Settlor's wife, taking into consideration to the extent the Trustee deems advisable, any other income or resources of the Settlor's wife known to the Trustee. (3) Limited Withdrawal by Wife. In addition to the income and discretionary payments of principal from this Trust, there shall be paid to the Settlor's wife during her lifetime from the principal of this Trust upon her written request during the last month of each fiscal year of the Trust an amount not to exceed during such fiscal year the greater of Five Thousand ($5,000.00) Dollars or Five (5%) per cent of the total value of the principal of the KNUDSEN Family Trust on the last day of such fiscal year without reduction for the principal payment for such fiscal year. This right of withdrawal is noncumulative, so that if the Settlor's wife does not withdraw, during such fiscal year, the full amount to which she is entitled under this Paragraph, her right to withdraw the amount not withdrawn shall lapse at the end of that fiscal year. (4) Division Into Shares for Children. Upon or after the death of the survivor of the Settlor's wife and the Settlor, the Trustee shall divide this Trust as then constituted into equal separate shares so as to provide One (1) share for each then living child of the Settlor and One (1) share for each deceased child of the Settlor who shall leave issue then living. Each share for a living child of the Settlor shall be distributed to such child. Each share for a deceased child who shall leave issue then living shall be distributed per stirpes to such issue. ARTICLE IX Trustee Succession, Trustee's Fees and Other Matters. The provisions for naming the Trustee, Trustee succession, Trustee's fees and other matters are set forth below: Trust Agreement of CLARENCE V. KNUDSEN Page 5 (1) Naming Corporate Successor or Substitute Trustee. Except as otherwise provided herein, if PNC BANK, N.A. or any successor as herein defined should fail to qualify as corporate Trustee hereunder, or for any reason should cease to act in such capacity, the successor or substitute corporate Trustee shall be some other bank or trust company qualified to do business in the State of the Settlor's domicile at the time of the Settlor's death, which successor or substitute shall be designated in a written instrument filed with the court having jurisdiction over this Trust and signed by a majority of the adult beneficiaries of this Trust, or if they fail to act, by the court having jurisdiction over this Trust. (2) Naming Individual Successor or Substitute Trustee. If the individual Trustee should fail to qualify as Trustee hereunder, or for any reason should cease to act in such capacity, the successor or substitute Trustee who shall also serve without bond shall be KARENA. KNUDSEN. (3) Fee Schedule for Corporate Trustee. For its services as Trustee, the corporate Trustee shall receive an amount determined by its Standard Fee Schedule in effect and applicable at the time of the performance of such services. If no such schedule shall be in effect at that time, it shall be entitled to reasonable compensation for the services rendered. (4) Fee Schedule for Individual Trustee. For its services as Trustee, the individual Trustee shall receive reasonable compensation for the services rendered and reimbursement for reasonable expenses. (5) Trustee Voting Rights. If there is more than one Trustee serving, then the vote of the Trustees for any action hereunder must be by unanimous vote of the Trustees. (6) Change in Corporate Fiduciary. Any corporate successor to the trust business of the corporate fiduciary designated herein or at any time acting hereunder shall succeed to the capacity of its predecessor without conveyance or transfer. (7) Limitations on Trustees. No person who at any time is acting as Trustee hereunder shall have any power or obligation to participate in any discretionary authority which the Settlor has given to the Trustee to pay principal or income to such person, or for his or her benefit or in relief of his or her legal obligations; provided, however, if an individual trustee (who is also a beneficiary) is the sole trustee or at any time is acting as the sole trustee, and such trustee has discretion to invade principal for himself or herself and such discretionary authority is limited by an ascertainable standard, then such trustee may invade principal (if limited by such standard) for himself or herself but not in relief of his or her legal obligations. (8) Corporate Trustee Resignation. PNC Bank, N.A., or any successor corporate Trustee, shall have the ability to resign as corporate trustee without court approval or prior consent. Trutt Agreement of CLARENCE V. IQJUDSEN Page 6 ARTICLE X Definition of Trustee. Whenever the word "Trustee" or any modifying or substituted pronoun therefor is used in this Trust, such words and respective pronouns shall include both the singular and the plural, the masculine, feminine and neuter gender thereof, and shall apply equally to the Trustee named herein and to any successor or substitute Trustee acting hereunder, and such successor or substitute Trustee shall have all the rights, powers and duties, authority and responsibility conferred upon the Trustee originally named herein. ARTICLE XI Powers for Trustee. The Trustee is authorized in its fiduciary discretion (which shall be subject to the standard of reasonableness and good faith to all beneficiaries) with respect to any property, real or personal, at any time held under any provision of this Trust Agreement and without authorization by any court and in addition to any other rights, powers, authority and privileges granted by any other provision of this Trust Agreement or by statute or general rules of law: (1) To retain in the form received any property or undivided interests in property donated to, or otherwise acquired as a part of the Trust Estate, including residential property and shares of the Trustee's own stock, regardless of any lack of diversification, risk or nonproductivity, as long as it deems advisable, and to exchange any such security or property for other securities or properties and to retain such items received in exchange, although such property represents a large percentage of the total property of the Trust Estate or even the entirety thereof. (2) To invest and reinvest all or any part of the Trust Estate in any property and undivided interests in property, wherever located, including bonds, debentures, notes, secured or unsecured, stocks of corporations regardless of class, interests in limited partnerships, limited liability companies or similar entities, real estate or any interest in real estate whether or not productive at the time of investment, interests in trusts, investment trusts, whether of the open and/or closed fund types, and participation in common, collective or pooled trust funds of the Trustee, insurance contracts on the life of any beneficiary or annuity contracts for any beneficiary, without being limited by any statute or rule of law concerning investments by fiduciaries. (3) To sell or dispose of or grant options to purchase any property, real or personal, constituting a part of the Trust Estate, for cash or upon credit, to exchange any property of the Trust Estate for other property, at such times and upon such terms and conditions as it may deem best, and no person dealing with it shall be bound to see to the application of any monies paid. (4) To hold any securities or other property in its own name as Trustee, in its own name, in the name of a nominee (with or without disclosure of any fiduciary relationship) or in bearer form. Tnut Agrarnent of CL.ARENCE V. IQJIIDSEN Page 7 (5) To keep, at any time and from time to time, all or any portion of the Trust Estate in cash and uninvested for such period or periods of time as it may deem advisable, without liability for any loss in income by reason thereof. (6) To sell or exercise stock subscription or conversion rights. (7) To refrain from voting or to vote shares of stock which are a part of the Trust Estate at shareholders' meetings in person or by special, limited, or general proxy and in general to exercise all the rights, powers and privileges of an owner in respect to any securities constituting a part of the Trust Estate. (8) To participate in any plan of reorganization or consolidation or merger involving any company or companies whose stock or other securities shall be part of the Trust Estate, and to deposit such stock or other securities under any plan of reorganization or with any protective committee and to delegate to such committee discretionary power with relation thereto, to pay a proportionate part of the expenses of such committee and any assessments levied under any such plan, to accept and retain new securities received by the Trustee pursuant to any such plan, to exercise all conversion, subscription, voting and other rights, of whatsoever nature pertaining to such property, and to pay any amount or amounts of money as it may deem advisable in connection therewith. (9) To borrow money and to encumber, mortgage or pledge any asset of the Trust Estate for a term within or extending beyond the term of the trust, in connection with the exercise of any power vested in the Trustee. (10) To enter for any purpose into a lease as lessor or lessee with or without option to purchase or renew for a term within or extending beyond the term of the trust. (11) To subdivide, develop, or dedicate real property to public use or to make or obtain the vacation of plats and adjust boundaries, to adjust differences in valuation on exchange or partition by giving or receiving consideration, and to dedicate easements to public use without consideration. (12) To make ordinary or extraordinary repairs or alterations in buildings or other structures, to demolish any improvements, to raze existing or erect new party walls or buildings. (13) To continue and operate any business owned by the Settlor at the Settlor's death and to do any and all things deemed needful or appropriate by the Trustee, including the power to incorporate the business and to put additional capital into the business, for such time as it shall deem advisable, without liability for loss resulting from the continuance or operation of the business except for its own negligence; and to close out, liquidate or sell the business at such time and upon such terms as it shall deem best. Trust Agreemrnt of CLARENCE V. (QJUDSEN Page 8 (14) To collect, receive, and receipt for rents, issues, profits, and income of the Trust Estate. (15) To insure the assets of the Trust Estate against damage or loss and the Trustee against liability with respect to third persons. (16) In buying and selling assets, in lending and borrowing money, and in all other transactions, irrespective of the occupancy by the same person of dual positions, to deal with itself in its separate, or any fiduciary capacity. (17) To compromise, adjust, arbitrate, sue on or defend, abandon, or otherwise deal with and settle claims in favor of or against the Trust Estate as the Trustee shall deem best. (18) To employ and compensate agents, accountants, investment advisers, brokers, attorneys-in-fact, attorneys-at-law, tax specialists, realtors, and other assistants and advisors deemed by the Trustee needful for the proper administration of the Trust Estate, and to do so without liability for any neglect, omission, misconduct, or default of any such agent or professional representative provided such person was selected and retained with reasonable care. (19) To determine what shall be fairly and equitably charged or credited to income and what to principal. (20) To hold and retain the principal of the Trust Estate undivided until actual division shall become necessary in order to make distributions; to hold, manage, invest, and account for the several shares or parts thereof by appropriate entries on the Trustee's books of account; and to allocate to each share or part of share its proportionate part of all receipts and expenses; provided, however, the carrying of several trusts as one shall not defer the vesting in title or in possession of any share or part of share thereof. (21) To make payment in cash or in kind, or partly in cash and partly in kind upon any division or distribution of the Trust Estate (including the satisfaction of any pecuniary distribution) without regard to the income tax basis of any specific property allocated to any beneficiary and to value and appraise any asset and to distribute such asset in kind at its appraised value; and when dividing fractional interests in property among several beneficiaries to allocate entire interests in some property to one beneficiary and entire interests in other property to another beneficiary orbeneficiaries. (22) In general, to exercise all powers in the management of the Trust Estate which any individual could exercise in his or her own right, upon such terms and conditions as it may reasonably deem best, and to do all acts which it may deem reasonably necessary or proper to carry out the purposes of this Trust Agreement. (23) To purchase property, real or personal, from the Settlor's general estate upon such terms and conditions as to price and terms of payment as the Settlor's executors or administrators Trust Agreement of CLARENCE V. KNUDSEN Page 9 and the Trustee shall agree, to hold the property so purchased as a part of the Trust Estate although it may not qualify as an authorized trust investment except for this provision, and to dispose of such property as and when the Trustee shall deem advisable. The fact that the Settlor's executors or administrators and the Trustee are the same shall in no way affect the validity of this provision. (24) To lend funds to the Settlor's general estate upon such terms and conditions as to interest rates, maturities, and security as the Settlor's executors or administrators and the Trustee shall agree, the fact that they maybe the same in no way affecting the validity of this provision. (25) To receive property bequeathed, devised or donated to the Trustee by the Settlor or any other person; to receive the proceeds of any insurance policy which names the Trustee as beneficiary; to execute all necessary receipts and releases to Executors, donors, insurance companies and other parties adding property to the Trust Estate. (26) To combine assets of two or more. trusts if the provisions and terms of each trust are substantially identical, and to administer them as a single trust, if the Trustee reasonably determines that the administration as a single trust is consistent with the Settlor's intent, and facilitates the trust's administration without defeating or impairing the interests of the beneficiaries. (27) To divide any trust into separate shares or separate trusts or to create separate trusts if the Trustee reasonably deems it appropriate and the division or creation is consistent with the Settlor's intent, and facilitates the trust's administration without defeating or impairing the interests of the beneficiaries. (28) To divide property in any trust being held hereunder with an inclusion ratio, as defined in section 2642(a)(1) of the Internal Revenue Code of 1986, as from time to time amended or under similar future legislation, of neither one nor zero into two separate trusts representing two fractional shares of the property being divided, one to have an inclusion ratio of one and the other to have an inclusion ratio of zero, to create trusts to receive property with an inclusion ratio of either one or zero and if this cannot be done to refuse to accept property which does not have a matching inclusion ratio to the receiving trust's ratio, all as the Trustee in its sole discretion deems best. (29) If the Trustee shall act as the Executor of the Settlor's estate, to elect to allocate any portion or all the Settlor's generation-skipping transfer exemption provided for in Code section 2631 or under similar future legislation, in effect at the time of the Settlor's death, to any portion or all of any other trusts or bequests in the Settlor's Will or any other transfer which the Settlor is the transferroi• for purposes of the generation-skipping tax. Generally, the Settlor anticipates that the Settlor's Executor will elect to allocate this exemption first to direct skips as defined in Code section 2612, then to the KNUDSEN Family Trust, unless it would be inadvisable based on_ all the circumstances at the time of making the allocation; and to make the Trust Agreement of CLARENCE V. IINUDSEN Page 10 special election under section 2652(a)(3) of the Code to the extent the Settlor's Executor deems in the best interest of the Settlor's estate. (30) Concerning Self-Dealing, no rule of law against self-dealing, divided loyalty, or conflict of interest shall be applied to render any transaction effected by the fiduciaries void, voidable, or otherwise subject to attack solely for violation of such rule, nor shall the fiduciaries incur any liability, nor shall any fiduciary commissions for acting hereunder be reduced, solely for violation of such rule. Any transaction which involves self-dealing, divided loyalty, or conflict of interest by the fiduciaries shall be judged by the rules of law which would apply to the same transaction at arm's length between strangers free of any element ofself-dealing, divided loyalty, or conflict of interest. Thus, by way of illustration and not of limitation, all fiduciaries are authorized, without giving any notice required by statute, to: (a) Employ and compensate any fiduciary or any affiliate as broker, agent, or professional advisor for any purpose. (b) Borrow from the commercial department of any corporate fiduciary or any affiliate at current interest rates. (c) Buy, retain and sell any debt or equity security issued or underwritten by any corporate fiduciary or any affiliate and any debt security secured, supported, and/or otherwise enhanced by a letter of credit issued by any corporate fiduciary or any affiliate. (d) Buy, retain, and sell any security of any investment company or trust registered under the Investment Company Act of 1940 to which any corporate fiduciary or any affiliate renders services for compensation. (e) Buy property from or sell property to any beneficiary or fiduciary acting hereunder or otherwise on arm's length terms. An "affiliate" means any entity which owns, directly or indirectly, an interest in any corporate fiduciary, any entity in which any corporate fiduciary owns an interest, directly or indirectly, and any entity in common control with any corporate fiduciary. ARTICLE XII Marital Deduction Savings Clause for The RUTHE. KNUDSENShare. It is expressly provided that the grant of rights, powers, privileges and authority to the Trustee in connection with the imposition of duties upon the Trustee by any provision of this Trust Agreement or by any statute relating thereto shall not be effective if and to the extent that the same, if effective, would disqualify the marital deduction as established in the RUTHE. KIVUDSENShare hereof. It is expressly provided that the Trustee shall not in the exercise of its discretion make any determination inconsistent with the foregoing intention. Trust Agreement of CLARENCE V. tQJl1DSEN Page 1 I ARTICLE XIII Provision for Trustee to Act as Trustee for Beneficiary Under Age Twenty-Five. If any share hereunder becomes distributable to a beneficiary who has not attained the age of Twenty-five (25), such share shall immediately vest in the beneficiary, but notwithstanding the provisions herein, the Trustee shall retain possession of the share in trust for the beneficiary until the beneficiary attains the age of Twenty-five (25), using so much of the net income and principal of the share as the Trustee deems necessary to provide for the medical care, education, support and maintenance in reasonable comfort of the beneficiary, taking into consideration to the extent the Trustee deems advisable any other income or resources of the beneficiary or his or her parents known to the Trustee. Any income not so paid or applied shall be accumulated and added to principal. The beneficiary's share shall be paid over and distributed to the beneficiary upon attaining age Twenty-five (25), or if he or she shall sooner die, to his or her executors or administrators. The Trustee shall have with respect to each share so retained all the powers and discretions it had with respect to the trusts created herein generally. ARTICLE XIV Trustee's Discretion in Making Payments to a Person Under Age Twenty-Five, Incompetent, or Incapacitated Person. In case the income or principal payment under any trust created hereunder or any share thereof shall become payable to a person under the age of Twenty-five (25), or to a person under legal disability, or to a person not adjudicated incompetent, but who, by reason of illness or mental or physical disability, is, in the opinion of the Trustee unable properly to administer such amounts, then such amounts shall be paid out by the Trustee in such of the following ways as the Trustee deems best: (1) directly to the beneficiary; (2) to the legally appointed guardian of the beneficiary; (3) to some relative or friend for the medical care, education, support and maintenance in reasonable comfort of the beneficiary; (4) by the Trustee using such amounts directly for the beneficiary's care, support and education; (5) to a custodian for the beneficiary under the Uniform Gifts or Transfers to Minors Act. ARTICLE XV Power of Trustee to Resign During Settlor's Lifetime. The Trustee may resign this trusteeship during the Settlor's lifetime by giving the Settlor Thirty (30) days notice in writing delivered to the Settlor in person or mailed to the Settlor's last known address, the resignation to become effective as hereinafter provided. Upon receipt of such notice, the Settlor shall appoint a successor Trustee which shall be a bank or trust company qualified to do business in the state of the Settlor's domicile. Upon the failure of the Settlor to appoint a successor Trustee who accepts the trust within Thirty (30) days from the time notice was delivered in person or mailed to the Settlor, the Trustee may resign to the court having jurisdiction over this trust, which court may, if it deems advisable, accept the resignation and appoint a successor Trustee which shall be a bank or trust company qualified to do business in the state of the Settlor's domicile. Upon the appointment of and acceptance by the successor Trustee, the original Trustee shall pay over, Trust Agreement of CLARENCE V. [INUDSEN Page 12 deliver, assign, transfer or convey to such successor Trustee the Trust Estate and make a full and proper accounting to the Settlor, whereupon its resignation shall become effective. The substitute or successor Trustee upon acceptance of this trust and the Trust Estate shall succeed to and have all the rights, powers and duties, authority and responsibility conferred upon the Trustee originally named herein. ARTICLE XVI Settlor During Lifetime to Designate Substitute or Successor Trustee. The Settlor during the Settlor's lifetime may name a substitute or successor Trustee which shall be a bank or trust company qualified to do business in the Settlor's domicile by delivery to the Trustee herein a notice naming the successor or substitute Trustee and indicating an intent to replace the Trustee named herein. Upon receipt of such notice the Trustee named herein shall pay over, deliver, assign, transfer or convey to such substitute or successor Trustee (which accepts the appointment as trustee), the Trust Estate and make a full and proper accounting to the Settlor, whereupon the Trustee named herein shall be dischazged and have no further responsibility under this Trust Agreement. Upon the failure of the Trustee to make such conveyance the Settlor may apply to the court having jurisdiction of this trust and such court may compel the conveyance by the Trustee. The substitute or successor Trustee upon acceptance of this trust and the Trust Estate shall succeed to and possess all the rights, powers and duties, authority and responsibility conferred upon the Trustee originally named herein. ARTICLE XVII Settlor's Wife, If No Longer a Resident of Trustee's Domicile, to Designate Substitute or Successor Trustee. After the Settlor's death, if the Settlor's wife is not a resident of the state in which a trust administration office of the Trustee is located, the Settlor's wife may name a substitute or successor Trustee which shall be a bank or trust company qualified to do business in the Settlor's wife's domicile by delivering to the Trustee herein a notice naming the successor or substitute Trustee and indicating an intent to replace the Trustee. Upon receipt of such notice the Trustee shall pay over, deliver, assign, transfer or convey to such substitute or successor Trustee (which accepts the appointment as trustee), the Trust Estate and make a full and proper accounting to the Settlor's wife and the other beneficiaries under this Trust Agreement, whereupon the Trustee named herein shall be dischazged and have no further responsibility under this Trust Agreement. Upon the failure of the Trustee to make the conveyance the Settlor's wife may apply to the court having jurisdiction of this trust and such court may compel the conveyance by the Trustee. The substitute or successor Trustee upon acceptance of this trust and the Trust Estate shall succeed to and have all the rights, powers and duties, authority and responsibility conferred upon the Trustee originally named herein. ARTICLE XVIII Definition of Children. For purposes of this Trust, "children" means the lawful blood descendants in the first degree of the parent designated; and "issue" and "descendants" mean the Trust Agreement of C1.ARENCE V. IQJIJDSEN Page 13 lawful blood descendants in any degree of the ancestor designated; provided, however, that if a person has been adopted, that person shall be considered a child of such adopting parent and such adopted child and his or her issue shall be considered as issue of the adopting parent or parents and of anyone who is by blood or adoption an ancestor of the adopting parent or either of the adopting parents. The terms "child," "children," "issue," "descendant" and "descendants" or those terms preceded by the terms "living" or "then living" shall include the lawful blood descendant in the first degree of the parent designated even though such descendant is born after the death of such parent. The term "per stirpes" as used herein has the identical meaning as the term "taking by representation" asdefined in the Pennsylvania Probate Code. ARTICLE XIX Definition of Words Relating to the Internal Revenue Code. As used herein, the words "gross estate," "adjusted gross estate," "taxable estate," "unified credit" ("unified credit" shall also mean "applicable credit amount"), "state death tax credit," "maximum marital deduction," "marital deduction," "pass," and any other word or words which from the context in which it or they are used refer to the Internal Revenue Code shall have the same meaning as such words have for the purposes of applying the Internal Revenue Code to the Settlor's estate. For purposes of this Trust Agreement, the Settlor's "available generation-skipping transfer exemption" means the generation-skipping transfer tax exemption provided in section 2631 of the Internal Revenue Code of 1986, as amended, in effect at the time of the Settlor's death reduced by the aggregate of (1) the amount, if any, of the Settlor's exemption allocated to lifetime transfers of the Settlor by the Settlor or by operation of law, and (2) the amount, if any, the Settlor has specifically allocated to other property of the Settlor's gross estate for federal estate tax purposes. For purposes of this Trust Agreement if at the time of the Settlor's death the Settlor has made gifts with an inclusion ratio of greater than zero for which the gift tax return due date has not expired (including extensions) and the Settlor has not yet filed a return, it shall be deemed that the Settlor's generation-skipping transfer exemption has been allocated to these transfers to the extent necessary (and possible) to cxcmpt the transfer(s) from generation- skipping transfer tax. Reference to sections of the Internal Revenue Code and to the Internal Revenue Code shall refer to the Internal Revenue Code amended to the date of the Settlor's death. ARTICLE XX Simultaneous Death Provision Presuming Beneficiary Predeceases Settlor. Reverse Presumption as to Wife. If any beneficiary and the Settlor should die under such circumstances as would make it doubtful whether the beneficiary or the Settlor died first, then it shall be conclusively presumed for the purposes of this Trust that the beneficiary predeceased the Settlor; provided, however, that if the Settlor's wife shall die with the Settlor as aforesaid, the Settlor directs that she shall be conclusively presumed to have survived the Settlor. Tnut Agrttment of CLARENCE V. KNUDSEN Pago 14 ARTICLE XXI Payment of Funeral Expenses and Expenses of Last Illness of Income Beneficiary. On the death of any person entitled to income or support from any Trust hereunder, the Trustee is authorized to pay the funeral expenses and the expenses of the last illness of such person from the principal of the Trust from which such person was entitled to income or support. ARTICLE XXII State Law to Govern. This Trust Agreement and the trusts created hereby shall be construed, regulated and governed by and in accordance with the laws of the Commonwealth of Pennsylvania. ARTICLE XXIII Spendthrift Provision. Except as otherwise provided herein, all payments of principal and income payable, or to become payable, to the beneficiary of any trust created hereunder shall not be subject to anticipation, assignment, pledge, sale or transfer in any manner, nor shall any beneficiary have the power to anticipate or encumber such interest, nor shall such interest, while in the possession of the fiduciary hereunder, be liable for, or subject to, the debts, contracts, obligations, liabilities or torts of any beneficiary. ARTICLE XXIV Perpetuities Savings Clause. Notwithstanding anything herein to the contrary, the trusts created hereunder shall terminate not later than Twenty-one (21) years after the death of the last survivor of the Settlor's wife, the Settlor's issue, the trust beneficiaries hereunder, their issue, and any person or persons or their issue used to define the trust beneficiaries under this trust, living on the date of the Settlor's death (or when this trust becomes irrevocable, if sooner), when the Trustee shall distribute each remaining trust hereunder to the beneficiary or beneficiaries of the current income thereof, and if there is more than one beneficiary, in the proportion in which they are beneficiaries or if no proportion is designated in equal shares to such beneficiaries. Trust Agreemrnt ofCIARENCE V. tQJUDSEN Page 15 Testimonium Clause. IN WITNESS WHEREOF, the Settlor and the Trustee have executed this Trust Agreement. WITNESSES: ~~ ~C a- / Y CLAREN E V. KNUDSEN SETTLOR PNC BANK, N.A. By ct-L~ ,~ , - Its 5~. ~ ~ l'!L P,u.~~. CORPORATE TRU EE C AVID C. KNUDSEN INDIVIDUAL TRUSTEE Trust Agreerntnt of CLARENCE V. KNUDSEN Page 16 COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN ACKNOWLEDGMENT I, a Notary Public, within and for the Commonwealth and County aforesaid, do hereby certify that the foregoing instrument of writing was this day produced to me in the above Commonwealth and County by CLARENCE V. KIVUDSEN, Settlor, party hereto and was executed and acknowledged by the Settlor to be the Settlor's free act and voluntary deed. WITNESS my signature this ~ day of1~1 ch, 2001. Signature of Notary Public Connie L Hardy Typed Name of Notary Public Notary Public for: Pennsylvania My Commission ex Tres: Notarial Seal Connie L. Hardy, Notary Public Harrisburg, Dauphin County My- Commission 6cpires Feb. 10, 2003 Trust Agreement of CLARENCE V. KNUDSEN Page 17 COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN ACKNOWLEDGMENT I, a Notary Public, within and for the Commonwealth and County aforesaid do hereby certify that the foregoing instrument of writing was this day produced to me in the above Commonwealth and County by DAVID C. RNUDSEN, Individual Trustee, party hereto and was executed and acknowledged by the Individual Trustee to be the free and voluntary act and deed of the Individual Trustee. WITNESS my signature thisCP~ay of March, 2001. ~_ y_ Signature of Notary Public Connie L Hardy Typed Name of Notary Public Notary Public for: Pennsylvania Notarial Seal My commission expires: Connie ~. Hardy, Notary Public Harrisburg, Dauphin County My Commission Expires Feb. 10, 2003 Trust Agreemrnt of CI.ARENCE V. IQJIJDSEN Page 19 COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN ACKNOWLEDGMENT I, a Notary Public, within and for the Commonwealth and County aforesaid, do hereby certify that the foregoing instrument of writing was this day produced to me in the above Commonwealth and County and was executed and acknowledged by Ca r~ ~~ ~ ' v ° ~ as 1~ust officer of PNC BANK, N.A., to be the free and voluntary act and deed of the corporate Trustee. WITNESS my signature thisday of March, 2001. -~c~ , Signature of Notary Public Connie L Hardy Typed Name of Notary Public Notary Public for: Pennsylvania My Commission expires: Notarial seal Connie L. Hardy, Notary Public Harrisburg, Dauphin County My Commission Expires Feb. 10, 2003 Trust Agramcnt otCLARENCE V. [INUDSEN Page IS SCHEDULE"A" List of Assets MONEY MARKET FUNDS 1,352 Blackrock Money Market -Principal -Institutional Class 3,014 Blackrock Money Market -Income -Institutional Class COMMON STOCK 800 Carlisle Companies, Inc. 498 Daimlershrysler Ag Ord 800 Rite Aid Corp. 434 Viacom, Inc. -Class B 200 Phillips Petroleum Co. 1,600 Forest Laboratories, Inc. 1,200 Newport Corporation 200 Lucent Technologies, Inc. 16 Avaya, Inc. 400 Sprint PCS Com. Ser 1 698 Alltel Corp. 150 AT&T Corp. 800 Sprint Corp. (Fon Group) 800 Verizon Communications, Inc. 12 Lexington Instrs. Corp. 750 Conectiv, Inc. 100 Exelon Corporation 52 First Energy Corp. 500 PPL Corporation 2,221 Public Service Enterprise Group, Inc. 700 American Water Works Co., Inc. BONDS 1,389 Delaware Group American Government Bond Fund 400 Nuveen Municipal Value Fund, Inc. 100 PPL Electric Utilities Corp PFD 04.400% Trust Agreement of CI,ARENCE V. IQJIJDSEN Page 20 OTHER 10,000 Mellon Bank C/D #2500069608 9,656 Waypoint Bank C/D #3155295230 48,210 Waypoint Bank C/D #3155306988 10,900 Dean Witter Select Eq Tr Unit Util Stk Ser. 3 CLARENCE V. UD N SETTLOR PNC BANK, N.A. r; ~~ ~ ~ ~ By ~~ C1,r, ~~~ _ Its ~ - G~lc~2 ~-c,e~.t`.~ ORPORATE TRUSTEE VID C. KN DSEN INDNIDUAL TRUSTEE Trutt Agreemrnt of CLARENCE V. KNUDSEN Page 21 r IN THE ORPHANS' COURT DIVISION OF THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY COMMONWEALTH OF PENNSYLVANIA TRUST UNDER AGREEMENT OF CLARENCE V. KNUDSEN, SETTLOR, DATED 03/06/2001 No. 2000-00831 STATEMENT OF PROPOSED DISTRIBUTION PURSUANT TO ORPHANS' COURT RULE 6.9 PNC Bank, National Association, and David C. Knudsen, Trustees, respectfully request approval of the distributive shares of principal and income of the Trust Under Agreement of Clarence V. Knudsen, Settlor, dated 03/06/2001, by the stated Trustees, as follows: follows: Principal Balance on Hand: $656,301.76 To: Karen A. Knudsen 218,767.25 To: Sovereign Bank, a national federal savings 218,767.25 association, Trustee, Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen To: David C. Knudsen c~ ~_ 218,767.26 ; ~~ TOTAL PRINCIPAL $656.301.7.:; ~~ ~ rv r; cn :~ :=~ w - ~~ ice ~' ; ~ r . _ ~' , N Income balance on hand: $13,090.64 To: Karen A. Knudsen 4,363.54 To: Sovereign Bank, a national federal savings association, Trustee, Clarence V. Knudsen and Ruth E. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen 4,363.55 To: David C. Knudsen 4,363.55 TOTAL INCOME $13,090.64 IN THE ORPHANS' COURT DIVISION OF THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY COMMONWEALTH OF PENNSYLVANIA Clarence V. Knudsen, Settlor, Trust Under Agreement, Dated March 6, 2001 PNC Bank, National Association, Trustee, and David C. Knudsen, Trustee, and the Accountants No. 2000-00831 NOTICE OF FILING OF FIRST & FINAL ACCOUNT Notice is hereby given to beneficiaries, heirs, or next of kin, of the filing of the First & Final Account and this Statement of Proposed Distribution pursuant to Orphans' Court Rule 6.3, as follows: PNC Bank National Assocation Debra A. Smith, CTFA Trust Advisor -Assistant Vice President PNC Wealth Management 4242 Carlisle Pike Camp Hill, PA 17011 David C. Knudsen, 1302 Reading Blvd. Wyomissing, PA 19610 Ms. Dawn M. Lusk 131 Campground Road Dillsburg, PA 17019 Ms. Charlotte Knudsen 18 S. York Road Dillsburg, PA 17019 c~ ~ -~ ~ ~ ~ .fir Karen A. Knudsen°_;° c ~.} -_? Lane s~ ~ 150 Sprin ~" ~ - g Philadelphia, PA 1912~~-i ui ~ , ' ~ _;' =, _7 .1..~ c .- w ... ~ .. } _. ~ 7 __~ ~ Ms. Paula K. Knudsurke" _ ` ` ~ 18 South York Road' r" ' ~' Dillsburg, PA 17019 Ms. Claudia A. Braymer 28 Royal Oak Drive Clifton Park, NY 12065 PNC Bank, National Association Trustee, and David C. Knudsen, Trustee, of the Clarence V. Knudsen Trust Under Agreement, dated March 6, 2001, have filed their First & Final Account for audit and confirmation on July 18, 2008. Any objections to the First & Final Account and the Statement of Proposed Distribution must be filed, in writing, with the Clerk of the Orphans' Court at the office of the Register of Wills in and for Cumberland County, Cumberland County Court, S. Hanover Street, Carlisle, Pennsylvania, by 9:00 a.m., on Tuesday, August 26, 2008, which is the date for confirmation of this Account. The Audit for this First & Final Account will be in a courtroom of the Court of Common Pleas of Cumberland County, as scheduled by the Clerk of the Orphans' Court. BOSWELL, TINTNER & PICCOLA By: Je rey R. Boswell, Esquire Supreme Court #25444 315 N. Front Street/PO Box 741 Harrisburg, PA 17108-0741 (717) 236-9377 Attorneys for Trust DATE: July 18, 2008 IN THE ORPHANS' COURT DIVISION OF THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY COMMONWEALTH OF PENNSYLVANIA Clarence V. Knudsen, Settlor, Trust Under Agreement, Dated March 6, 2001 PNC Bank, National Association, Trustee, and David C. Knudsen, Trustee, and the Accountants No. 2000-00831 CERTIFICATE OF SERVICE I, Jeffrey R. Boswell, Esquire, do hereby certify that I have served the Notice of First & Final Account, by first-class mail, on the following: PNC Bank National Assocation Debra A. Smith, CTFA Trust Advisor -Assistant Vice President PNC Wealth Management 4242 Carlisle Pike Camp Hill, PA 17011 Ms. Charlotte Knudsen 18 S. York Road Dillsburg, PA 17019 David C. Knudsen, 1302 Reading Blvd. Wyomissing, PA 19610 Ms. Dawn M. Lusk 131 Campground Road Dillsburg, PA 17019 Ms. Claudia A. Braymer 28 Royal Oak Drive Clifton Park, NY 12065 Karen A. Knudsen 150 Spring Lane Philadelphia, PA 19128 Ms. Paula K. Knudsen Burke 18 South York Road Dillsburg, PA 17019 BOSWELL, TINTNER & PICCOLA By ~~d~~.-ems Jeffrey R. Boswell DATE: July 18, 2008 ~5`~`jCG •~5 ~ t~ ~~ 3~t 1, . 3~ (~ PNCBAI~IK IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA ORPHANS' COURT DIVISION N0. 20v n - O0 $3 l FIRST AND FINAL ACCOUNT FOR THE TRUST ESTABLISHED UNDER THE AGREEMENT OF CLARENCE V KNUDSEN, SETTLOR DATED 03/06/01 STATED BY PNC BANK, NATIONAL ASSOCIATION, AND DAVID C KNUDSEN TRUSTEES CLARENCE V KNUDSEN, DIED: DATE OF FIRST RECEIPT OF FUNDS: ACCOUNTING FOR THE PERIOD: 10/05/07 03/06/01 03/06/01 TO 07/07/08 PURPOSE OF ACCOUNT: THE TRUSTEES OFFER THIS ACCOUNT TO ACQUAINT INTERESTED PARTIES WITH THE TRANSACTIONS THAT HAVE OCCURRED DURING THE ADMINISTRATION. IT IS IMPORTANT THAT THE ACCOUNT BE CAREFULLY EXAMINED. REQUESTS FOR ADDITIONAL INFORMATION, QUESTIONS OR OBJECTIONS CAN BE DISCUSSED WITH: PNC BANK, NATIONAL ASSOCIATION C/0 DEBRA A SMITH ASSISTANT VICE PRESIDENT 4242 CARLISLE PIKE P 0 BOX 308 CAMP HILL, PA 17011 TELEPHONE (717) 730-2275 JEFFREY R BOSWELL ESQUIRE ATTORNEY I.D. #25444 BOSWELL TINTNER PICCOLA 315 N FRONT STREET HARRISBURG, PA 17108 TELEPHONE (717) 236-9377 - 1 - ra - Lam, -, , _ , _ - r~ « r ~: ,--., ,.~ ~ , r 7 _ ~ } ~i TFSN01 (10!071 CLARENCE V KNUDSEN 27-27-001-3893753 SUMMARY AND INDEX PRINCIPAL PAGES RECEIPTS 3 - 7 1,182,536.85 NET GAIN/LOSS ON CONVERSIONS 8 - 14 177,571.18 ADJUSTED BALANCE 1,360.108.03 LESS DISBURSEMENTS FEES AND COMMISSIONS 15 - 16 7.418.68- GENERAL DISBURSEMENTS 15 - 16 502,176.07- TOTAL PRINCIPAL DISBURSEMENTS 15 - 16 509.594.75- BALANCE BEFORE DISTRIBUTIONS 850,513.28 DISTRIBUTIONS TO BENEFICIARIES 17 - 18 194,211.52- PRINCIPAL BALANCE ON HAND 19 - 19 656,301.76 INVESTMENTS MADE 20 - 20 CHANGES IN HOLDINGS ~ 21 - 27 INCOME RECEIPTS 28 - 46 656,858.54 LESS DISBURSEMENTS 47 - 49 80.235.90- BALANCE BEFORE DISTRIBUTIONS 576,622.64 DISTRIBUTIONS TO BENEFICIARIES 50 - 84 563.532.00- INCOME BALANCE ON HAND 85 - 85 13.090.64 COMBINED BALANCES REMAINING 669.392.40 VERIFICATION 86 - 86 - 2 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF PRINCIPAL CLARENCE V KNUDSEN IN ACCORDANCE WITH AGREEMENT OF TRUST DATED 03/06/01 3/06/01 CASH 4,477.94 3/06/01 498 SHS DAIMLERCHRYSLER AG ORD COMMON 22,783.50 3/06/01 150 SHS AT & T CORP COMMON 3.600.00 3/06/01 698 SHS ALLTEL CORP COMMON 37,255.75 3/06/01 700 SHS AMERICAN WATER WORKS CO INC COMMON 17.369.10 3/06/01 16 SHS AVAYA INC COMMON 241.01 3/06/01 800 SHS CARLISLB COMPANIES INC COMMON 33,150.40 3/06/01 750 SHS CONECTIV INC COMMON 12,843.75 3/06/01 10.900 SHS DEAN WITTER SELECT EQ TR UNIT UTIL STK SER 9.945.16 3/06/01 100 SHS EXELON CORP COMMON 6,043.80 3/06/01 52 SHS FIRSTENERGY CORP COMMON 1,348.78 3/06/01 1,600 SHS FOREST LABORATORIES INC COMMON 95,200.00 3/06/01 12 SHS LEXINGTON INSTRS CORP STATUS UNKNOWN (WORTHLESS) NON-TRANSFER 1.00 3/06/01 200 SHS LUCENT TECHNOLOGIES INC COMMON 4,450.00 3/06/01 1,200 SHS NEWPORT CORPORATION 182,775.60 3/06/01 400.000 UTS NUVEEN MUNICIPAL VALUE FUND INC 3,400.00 3/06/01 600 SHS PPL CORPORATION COMMON 25,762.80 3/06/01 100 SHS PPL ELECTRIC UTILITIES CORP PFD 4.4096 6,259.40 3/06/01 200 SHS PHILLIPS PETROLEUM CO COMMON 12,587.60 3/06/01 2.221 SHS PUBLIC SERVICE ENTERPRISE GROUP INC COMMON 88,840.00 3/06/01 800 SHS RITE AID CORP COMMON 2,450.40 3/06/01 800 SHS SPRINT NEXTEL CORP COMMON 19.050.40 3/06/01 400 SHS SPRINT CORP PCS COMMON SERIES 1 12,700.00 - 3 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF PRINCIPAL 3/06/01 800 SHS VERIZON COMMUNICATIONS INC COMMON 37,150.40 3/06/01 48,210.33 PAR WAYPOINT BANK NOW CITIZENS BANK C/D #3155306988 4.80% DUE 01/28/02 48,210.33 3/06/01 9.656.07 PAR WAYPOINT BANK C/D #3155295230 4.69% DUE 08/03/01 9.656.07 3/06/01 1,389 UTS DELAWARE GROUP CORE PLUS BOND CLASS A FD 1.00 3/06/01 434 SHS VIACOM INC CLASS B COMMON 21,293.34 ADDITIONS TO TRUST CLARENCE V KNUDSEN 6/19/01 DEAN WITTER ACCOUNT #410-010309-0-09 15.82 CLARENCE V KNUDSEN CHECKING ACCOUNT PROCEEDS 11/06/01 22.000.00 8/05/02 21,669.57 10/16/02 20.000.00 11/15/02 5,700.00 12/18/02 2,740.00 2/12/03 4,500.00 3/14/03 2,750.00 5/15/03 5.400.00 7/15/03 5,400.00 9/16/03 5.300.00 10/16/03 2.792.66 11/13/03 2,600.00 1/22/04 5,500.00 3/22/04 5,500.00 4/16/04 2.700.00 5/14/04 2,770.00 6/14/04 2,700.00 7/12/04 2,775.00 8/18/04 2.700.00 9/16/04 2,775.00 10/13/04 2.700.00 11/15/04 2,700.00 12/15/04 2,800.00 1/24/05 2,800.00 2/14/05 2,790.00 3/15/05 2,790.00 4/18/05 2,790.00 5/12/05 2,790.00 6/15/05 2,800.00 7/15/05 2,775.00 8/15/05 2,800.00 9/20/05 2,790.00 10/12/05 2,792.45 11/15/05 2,790.00 - 4 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF PRINCIPAL 1/20/06 5,680.00 2/09/06 2,790.00 3/15/06 2.100.00 4/21/06 10,010.34 5/09/06 1.73 187.761.75 9/17/02 WAYPOINT BANK REDEMPTION OF CD #429106868 11.705.70 10/16/02 PNC BANK NATIONAL ASSOCIATION AND DAVID KNUDSEN TRUSTEES UNDER THE AGREEMENT OF TRUST OF RUTH KNUDSEN DATED 03/06/01 TO EQUALIZE MARKET VALUE FOR ESTATE PLANNING PURPOSES 70,000.00 12/17/03 PROCEEDS FROM CD #431112484 WAYPOINT BANK 22,550.74 PNC BANK NATIONAL ASSOCIATION AND DAVID KNUDSEN TRUSTEES UNDER THE AGREEMENT OF TRUST OF RUTH IO!lUDSEN DATED 03/06/01 4/06/06 646 SHS PUBLIC SERVICE ENTERPRISE GROUP INC COMMON 28,827.75 4/06/06 600 SHS U G I HOLDING CORP COMMON 4,606.08 4/06/06 400 SHS U G I HOLDING CORP COMMON 3,070.72 5/08/06 411 SHS PEPCO HOLDINGS INC COMMON 9,699.60 7/03/08 STATE WORKERS COMPENSATION POLICY NO 05302482 REFUND 804.00 OTSER RECEIPTS -------------- 12/28/01 NUVEEN MUNICIPAL VALUE FUND INC SHORT TERM CAPITAL GAINS DISTRIBUTION 1.32 12/28/01 NUVEEN MUNICIPAL VALUE FUND INC LONG TERM CAPITAL GAINS DISTRIBUTION 1.64 1/31/02 AMERICA'S WORKERS TAX RELIEF 600.00 12/30/02 NUVEEN MUNICIPAL VALUE FUND INC SHORT TERM CAPITAL GAINS DISTRIBUTION .36 - 5 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF PRINCIPAL 12/30/02 NUVEEN MUNICIPAL VALUE FUND INC LONG TERM CAPITAL GAINS DISTRIBUTION 16.24 12/30/03 NUVEEN MUNICIPAL VALUE FUND INC LONG TERM CAPITAL GAINS DISTRIBUTION 25.80 12/30/03 NUVEEN MUNICIPAL VALUE FUND INC SHORT TERM CAPITAL GAINS DISTRIBUTION 7,48 12/30/04 NUVEEN MUNICIPAL VALUE FUND INC SHORT TERM CAPITAL GAINS DISTRIBUTION 2,52 12/30/04 NiJVEEN MUNICIPAL VALUE FUND INC LONG TERM CAPITAL GAINS DISTRIBUTION 22.36 3/24/05 KILMORE EYE ASSOCIATES REFUND 68.72 5/18/05 SECURITY LIFE INSURANCE MATURITY OF ACCOUNT #14040L0048950 2,733.20 7/26/05 NEW YORK LIFE INSURANCE REDEMPTION OF POLICY #20709275 12.673.59 7/27/05 NEW YORK LIFE INSURANCE REDEMPTION OF POLICY #12562774 3,265.68 1/05/06 SECURITY LIFE INSURANCE CO POLICY #L0063936 2,130.78 5/09/06 INTERNAL REVENUE SERVICE REFUND 2005 INCOME TAX 6,292.00 9/11/06 TRANSFER FROM INCOME 10,000.00 1/22/07 TRANSFER FROM INCOME 1,000.00 10/16/07 REVALUATION OF SECURITIES PER EXHIBIT 1 71,088.02 10/19/07 TRANSFER FROM INCOME BALANCE OF UNDISTRIBUTED INCOME ON HAND AS OF 10/05/07 (DATE OF DEATH) 13,298.74 10/24/07 CAPITAL BLUE CROSS REFUND 271.31 11/07/07 TRANSFER FROM INCOME ACCRUED INCOME TO 10/5/07 (DATE OF DEATH) 220.40 - 6 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF PRINCIPAL 12/13/07 STATE WORKERS INS FUND POLICY NO. 05302482 927.00 TOTAL PRINCIPAL RECEIPTS 1,182,536.85 - 7 - cLARENCE v xi~ruDSEN GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS GAIN 7/18/01 0.27 SHS AT & T WIRELESS GROUP WI COMMON PROCEEDS: 4.40 ACQUISITION VALUE: 4.50 8/14/01 9,656.07 PAR WAYPOINT BANK C/D X3155295230 4.69% DUE 08/03/01 PROCEEDS: 9.656.07 ACQUISITION VALUE: 9.656.07 12/31/01 DEAN WITTER SELECT EQ TR UNIT UTIL STK SER PRINCIPAL PAYMENT PROCEEDS: 662.72 ACQUISITION VALUE: 662.72 1/10/02 434 SHS VIACOM INC CLASS B COMMON PROCEEDS: 20,289.19 ACQUISITION VALUE: 21.293.34 3/05/02 48,210.33 PAR WAYPOINT BANK NOW CITIZENS BANK C/D $3155306988 4.80% DUE 01/28/02 PROCEEDS: 48,210.33 ACQUISITION VALUE: 48.210.33 6/18/02 0.155 SHS AGERE SYSTEMS INC CLASS A COMMON PROCEEDS: .35 ACQUISITION VALUE: 2.34 6/18/02 0.912 SHS AGERE SYSTEMS INC CLASS B COMMON PROCEEDS: 2.08 ACQUISITION VALUE: 13.36 8/21/02 0.537 SHS PEPCO HOLDINGS INC COMMON PROCEEDS: 10.78 ACQUISITION VALUE: 7.17 10/04/02 2 SHS AGERE SYSTEMS INC CLASS A COMMON PROCEEDS: 1.77 ACQUISITION VALUE: 30.21 .00 .00 .00 3.61 27-27-001-3893753 LOSS .10- 1,004.15- 1.99- 11.28- 28.44- - 8 - CLARENCE V KNUDSEN 27-27-001-3893753 GAINS AND LOSSES ON SALES AND OTHER DISPO SITIONS GAIN LOSS 10/04/02 52 SHS AGERE SYSTEMS INC CLASS B COMMON PROCEEDS: 47.31 ACQUISITION VALUE: 762.00 714.69- 10/04/02 16 SHS AVAYA INC COMMON PROCEEDS: 21.11 ACQUISITION VALUE: 241.01 219.90- 10/04/02 600 SHS FOREST LABORATORIES INC COMMON PROCEEDS: 53.422.39 ACQUISITION VALUE: 35.700.00 17,722.39 11/27/02 0.525 SHS COMCAST CORPORATION CLASS A COMMON PROCEEDS: 12.76 ACQUISITION VALUE: 18.93 6.17- 12/26/02 30 SHS AT & T CORP NEW COMMON PROCEEDS: 795.57 ACQUISITION VALUE: 1.046.17 250.60- 12/26/02 48 SHS AT & T WIRELESS GROUP WI COMMON PROCEEDS: 317.27 ACQUISITION VALUE: 799.74 482.47- 12/26/02 200 SHS LUCENT TECHNOLOGIES INC COMMON PROCEEDS: 259.99 ACQUISITION VALUE: 3.642.09 3,382.10- 12/26/02 800 SHS RITE AID CORP COMMON PROCEEDS: 1,911.94 ACQUISITION VALUE: 2.450.40 538.46- 12/30/02 DEAN WITTER SELECT EQ TR UNIT UTIL STK SER PRINCIPAL PAYMENT PROCEEDS: 812.16 ACQUISITION VALUE: 812.16 .00 1/10/03 700 SHS AMERICAN WATER WORKS CO INC COMMON PROCEEDS: 32,200.00 ACQUISITION VALUE: 17.369.10 14.830.90 - 9 - CLARENCE V KNUDSEN GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS GAIN 5/12/03 50,000 PAR FEDERAL HOME LOAN BANKS 3.45% DUE 05/12/06 PROCEEDS: 50,000.00 ACQUISITION VALUE: _.50.000.00 6/16/03 DEAN WITTER SELECT EQ TR UNIT UTIL STK SER PRINCIPAL PAYMENT PROCEEDS: 259.42 ACQUISITION VALUE: 259.42 8/21/03 52 SHS FIRSTENERGY CORP COMMON PROCEEDS: 1.422.13 ACQUISITION VALUE: 1.348.78 3/15/04 50,000 SHS WAYPOINT BANK CD PROCEEDS: 50,000.00 ACQUISITION VALUE: 50.000.00 4/23/04 50.000 PAR FEDERAL HOME LOAN BANKS 3.01% DUE 04/23/07 PROCEEDS: 50.000.00 ACQUISITION VALUE: 50.000.00 6/17/04 12 SHS LEXINGTON INSTRS.CORP. STATUS UNKNOWN,(WORTHLESS) NON-TRANSFER WITHDRAWN AS WORTHLESS PROCEEDS: .00 ACQUISITION VALUE: 1.00 8/16/04 10.900 SHS DEAN WITTER SELECT EQ TR UNIT UTIL STK SER PROCEEDS: 8,519.44 ACQUISITION VALUE: 8.210.86 9/07/04 50,000 PAR FEDERAL HOME LOAN BANKS 3.26% DUE 09/07/07 PROCEEDS: 50,000.00 ACQUISITION VALUE: 50.000.00 12/27/04 1,389 UTS DELAWARE GROUP CORE PLUS BOND CLASS A FD PROCEEDS: 10,709.19 ACQUISITION VALUE: 1.00 .00 .00 73.35 00 .00 308.58 .00 10.708.19 27-27-001-3893753 LOSS 1.00- - l o - CLARENCE V KNUDSEN 27-27-001-3893753 GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS GAIN LOSS 12/29/04 48 SHS COMCAST CORPORATION CLASS A COMMON PROCEEDS: 1.513.40 ACQUISITION VALUE: 1.730.66 217.26- 12/29/04 1.200 SHS NEWPORT CORPORATION PROCEEDS: 16.007.62 ACQUISITION VALUE: 182.775.60 166,767.98- 12/29/04 400.000 UTS NUVEEN MUNICIPAL VALUE FUND INC PROCEEDS: 3,607.91 ACQUISITION VALUE: 3.400.00 207.91 12/30/04 400 SHS FOREST LABORATORIES INC COMMON PROCEEDS: 18,314.57 ACQUISITION VALUE: 4.388.00 13,926.57 2/17/05 600 SHS FOREST LABORATORIES INC COMMON PROCEEDS: 25,019.17 ACQUISITION VALUE: 6.582.00 18,437.17 12/16/05 25,000 PAR FEDERAL HOME LOAN BANKS PROCEBDS: 24,625.00 ACQUISITION VALUE: 25.000.00 375.00- 2/16/06 100 SHS CARLISLE COMPANIES INC COMMON PROCEEDS: 7,487.76 ACQUISITION VALUE: 4.143.80 3,343.96 4/28/06 50.000 PAR FEDERAL HOME LOAN BANKS 3.1096 DUE 04/28/06 PROCEEDS: 50,000.00 ACQUISITION VALUE: 50.000.00 .00 5/16/06 100 SHS CARLISLE COMPANIES INC COMMON PROCEEDS: 8,541.73 ACQUISITION VALUE: 4.143.80 4,397.93 5/16/06 200 SHS EXELON CORP COMMON PROCEEDS: 10,909.66 ACQUISITION VALUE: 6.043.80 4.865.86 - 11 - CLARENCE V KNUDSEN GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS GAIN 6/12/06 25,000 PAR FEDERAL HOME LOAN BANKS PROCEEDS: 25.000.00 ACQUISITION VALUE: 25.000.00 7/24/06 0.68 SHS WINDSTREAM CORP W/I COMMON PROCEEDS: 7.76 ACQUISITION VALUE: 6.43 7/28/06 721 SHS WINDSTREAM CORP W/I COMMON PROCEEDS: 8,291.24 ACQUISITION VALUE: 6.812.38 9/15/06 25,000 PAR FEDERAL HOME LOAN BANK 3.51% DUE 09/15/06 PROCEEDS: 25,000.00 ACQUISITION VALUE: 25.000.00 1/11/07 50,000 PAR FEDERAL HOME LOAN BANK 3.51% DUE 04/27/07 PROCEEDS: 49.739.40 ACQUISITION VALUE: 50.000.00 1/16/07 100 SHS EXXON MOBIL CORP COMMON PROCEEDS: 7,102.78 ACQUISITION VALUE: 3.849.20 2/01/07 200 SHS THE HERSHEY COMPANY COMMON PROCEEDS: 10.215.68 ACQUISITION VALUE: 11.018.76 3/26/07 100 SHS JOHNSON & JOHNSON CO COMMON PROCEEDS: 6,088.90 ACQUISITION VALUE: 6.128.00 3/26/07 100 SHS PEPSICO INC COMMON PROCEEDS: 6,411.90 ACQUISITION VALUE: 5.219.00 3/26/07 100 SHS SAFECO CORP COMMON PROCEEDS: 6,709.89 ACQUISITION VALUE: 5.147.00 .00 1.33 1,478.86 .00 3,253.58 1,192.90 1,562.89 27-27-001-3893753 LOSS 260.60- 803.08- 39.10- - 12 - CLARENCE V KNUDSEN GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS GAIN 4/26/07 50,000 PAR FEDERAL HOME LOAN BANK 3.75% DUE 11/09/07 PROCEEDS: 49,573.00 ACQUISITION VALUE: 50.000.00 10/19/07 498 SHS DAIMLERCHRYSLER AG ORD COMMON PROCEEDS: 52,864.38 ACQUISITION VALUE: 22.783.50 30,080.88 10/19/07 698 SHS ALLTEL CORP COMMON PROCEEDS: 49,316.43 ACQUISITION VALUE: 30.436.94 18.879.49 10/19/07 100 SHS BARD C R INC COMMON PROCEEDS: 8,601.36 ACQUISITION VALUE: 8.787.00 10/19/07 1,200 SHS CARLISLE COMPANIES INC COMMON PROCEEDS: 53.905.21 ACQUISITION VALUE: 58.878.00 10/19/07 400 SHS CONOCOPHILLIPS COMMON PROCEEDS: 35.121.46 ACQUISITION VALUE: 12.587.60 22,533.86 10/19/07 50 SHS EMBARQ CORP W I COMMON PROCEEDS: 2,847.20 ACQUISITION VALUE: 2.791.25 55.95 10/19/07 400 SHS EXXON MOBIL CORP COMMON PROCEEDS: 37,933.41 ACQUISITION VALUE: 15.396.80 22,536.61 10/19/07 200 SHS ITT INDS INC COMMON PROCEEDS: 13,142.79 ACQUISITION VALUE: 13.426.00 10/19/07 1,200 SHS PPL CORPORATION COMMON PROCEEDS: 58.227.06 ACQUISITION VALUE: 25.762.80 32,464.26 27-27-001-3893753 LOSS 427.00- 185.64- 4,972.79- 283.21- - 13 - CLARENCE V KNUDSEN GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS AIN 10/19/07 100 SHS PPL ELECTRIC UTILITIES CORP PFD 4.40% PROCEEDS: 8,135.37 ACQUISITION VALUE: 8.230.00 10/19/07 1,372 SHS PEPCO HOLDINGS INC COMMON PROCEEDS: 37,394.24 ACQUISITION VALUE: 37.983.82 10/19/07 2,867 SHS PUBLIC SERVICE ENTERPRISE GROUP INC COMMON PROCEEDS: 256,662.52 ACQUISITION VALUE: 117.667.75 10/19/07 1,000 SHS SPRINT NEXTEL CORP COMMON PROCEEDS: 17,574.73 ACQUISITION VALUE: 19.285.00 10/19/07 100 SHS STRYKER CORP COMMON PROCEEDS: 7,225.38 ACQUISITION VALUE: 7.299.00 10/19/07 1,000 SHS U G I HOLDING CORP COMMON PROCEEDS: 25,964.60 ACQUISITION VALUE: 26.115.00 10/19/07 800 SHS VERIZON COMMUNICATIONS INC COMMON PROCEEDS: 35,955.44 ACQUISITION VALUE: 36.532.00 10/23/07 40 SHS IDEARC INC WI COMMON PROCEEDS: 1,239.38 ACQUISITION VALUE: 1.361.93 TOTAL GAINS AND LOSSES LESS LOSS NET GAIN 138,994.77 361,861.80 184.290.62- 177,571.18 27-27-001-3893753 LOSS 94.63- 589.58- 1,710.27- 73.62- 150.40- 576.56-. 122.55- 184,290.62- - 14 - CLARENCE V KNUDSEN 27-27-001-3893753 DISBURSEMENTS OF PRINCIPAL 10/17/07 IN YOUR HOME CARE PERSONAL CARE AT NURSING HOME FINAL INVOICE 464.00- 10/17/07 MILLENNIUM PHARMACY SERVICES PRESCRIPTION CHARGES 418.71- 11/13/07. PARTHEMORE FUNERAL HOME FUNERAL ARRANGEMENTS 897.48- 11/13/07 MILLENNIUM PHARMACY SERVICES PRESCRIPTION CHARGES 119.32- 11/15/07 BETHANY VILLAGE FINAL NURSING HOME INVOICE 1,230.00- 6/16/08 ESTATE OF CLARENCE V KNUDSEN DECEASED TO PAY ESTATE TAXES AND EXPENSES 51,000.00- 6/17/08 MICHAEL A KUNISKY 1/2 SHARE 2007 INDIVIDUAL INCOME TAX PREPARATION FEE 275.00- TRANSFERS TO INCOME 6/28/01 1,000.00- 9/17/02 46.56- 11/12/02 500.00- 12/16/02 1,000.00- 2/12/03 1,000.00- 3/12/03 1,000.00- 6/10/03 1,000.00- 6/23/03 1,000.00- 8/05/03 1,000.00- 8/14/03 2,000.00- 9/30/03 1,500.00- 10/30/03 1,000.00- 11/20/03 5,000.00- 2/09/04 1,000.00- 2/27/04 5.000.00- 8/13/04 5,000.00- 9/20/04 10.000.00- 11/O1/04 15,000.00- 12/29/04 5.000.00- 1/18/05 5,000.00- - 2/15/05 10,000.00- 4/20/05 10,000.00- 6/06/05 10,000.00- 7/12/05 10,000.00- 8/09/05 10,000.00- 9/14/05 5,000.00- 9/29/05 2,000.00- 10/18/05 10,000.00- 11/16/05 10,000.00- 12/08/05 10,000.00- 12/15/05 3,000.00- 12/16/05 10,000.00- - 15 - CLARENCE V KNUDSEN 27-27-001-3893753 DISBURSEMENTS OF PRINCIPAL CONTINUED: TRANSFERS TO INCOME 7/07/08 7/o7/os 2/17/06 10,000.00- 4/06/06 10,000.00- 5/01/06 10.000.00- 5/02/06 10.000.00- 5/16/06 15,000.00- 6/14/06 10.000.00- 6/30/06 15,000.00- 8/16/06 16,000.00- 9/12/06 20,000.00- 9/26/06 15,000.00- 10/19/06 15,000.00- 11/28/06 15,000.00- 12/29/06 10,000.00- 1/16/07 15,000.00- 1/16/07 20,000.00- 4/03/07 20,000.00- 4/24/07 7.000.00- 5/17/07 20,000.00- 6/05/07 22,000.00- 6/25/07 5.000.00- 7/24/07 5,000.00- TRUSTEE'S COMPENSATION PNC BANS NATIONAL ASSOCIATION COMPENSATION BASED ON PRINCIPAL MARSET VALUE 10/26/07 327.71- 11/27/07 327.01- 12/27/07 328.46- 1/28/08 329.48- 2/26/08 330.01- 3/26/08 330.69- 4/28/08 330.93- 5/28/08 331.40- 6/26/08 307.99- CLERS OF THE ORPHANS COURT RESERVE FILING FEE BOSWELL TINTNER ~ PICCOLA RESERVE ATTORNEY FEE FOR CONFIRMATION HEARING TOTAL PRINCIPAL DISBURSEMENTS 448,046.56- 2,943.68- 1,200.00- 3,000.00- 509.594.75- - 16 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES FOR ACCOUNT OF CLARENCE KNUDSEN CASH DISTRIBUTED NEW YORK LIFE ANNUAL WHOLE LIFE PREMIUM 9/20/02 600.00- 10/16/02 255.00- 2/28/05 736.13- 10/13/06 222.85- 1,813.98- GRISWOLD SPECIAL CARE CAREGIVER 3/14/05 133.00- 3/31/05 60.00- 11/25/05 161.00- 3/23/06 372.00- 5/02/06 385.50- 1,111.50- LINDA WILLIAMS IN HOME CARE PROVIDER 8/25/04 219.20- 11/18/04 204.75- 3/14/05 511.50- 935.45- KATHY PRATT CAREGIVER SERVICES 11/18/03 48.00- 2/20/04 168.00- 216.00- 11/05/O1 PARTHEMORE FUNERAL HOME PREPAID FUNERAL EXPENSES 4,599.00- 11/18/03 DOROTHY PASCALE PERSONAL IN HOME CARE PROVIDER 24.00- 6/16/05 CATHY DEHAVEN PERSONAL IN HOME CARE PROVIDER 126.74- 3/15/06 REBEKKA STERLING PERSONAL CAREGIVER 403.10- ELLEN TYLER PERSONAL CAREGIVER 36.00- 4/27/06 MARY JANE KNIGHT CAREGIVER 374.20- - 17 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN BARBARA CROUT CAREGIVER 43.00- 5/02/06 BEKKA STERLING CAREGIVER 59.10- 1/10/07 CHARLOTTE KNUDSEN GIFT ~ 12,000.00- 1/22/07 KAREN KNUDSEN GIFT 12,000.00- DAVID C KNUDSEN GIFT 12.000.00- 45,742.07- PNC BANK NATIONAL ASSOCIATION AND DAVID C KNUDSEN TRUSTEES UNDER THE AGREEMENT OF TRUST OF RUTH KNUDSEN DATED 03/06/01 .10/16/02 500 SHS FOREST LABORATORIES INC COMMON 48,530.00- 4/06/06 50.000 PAR FEDERAL HOME LOAN BANKS 4% DUE 10/15/08 50,000.00- 50,000 PAR USA TREASURY NOTES 3.125% DUE 05/15/07 49.939.45- 148,469.45- TOTAL PRINCIPAL DISTRIBUTIONS 194,211.52- - 18 - CLARENCE V I~itTDSEN PRINCIPAL BALANCE ON HAND INVESTED CASH TOTAL PRINCIPAL 27-27-001-3893753 VALUE ACQUISITION 7/07/08 VALU 656.301.76 656.301.76 656.301.76 656.301.76 - 19 - CLARENCE V KNUDSEN 27-27-001-3893753 PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE 2/08/02 500 SHS EXXON MOBIL CORP COMMON 19,246.00 3/18/02 50,000 SHS WAYPOINT BANK CD 50.000.00 11/12/02 50,000 PAR FEDERAL HOME LOAN BANKS 3.45% DUE 05/12/06 50,000.00 3/07/03 50,000 PAR FEDERAL HOME LOAN BANKS 3.26% DUE 09/07/07 50.000.00 6/12/03 50,000 PAR FEDERAL HOME LOAN BANKS 50,000.00 10/15/03 50,000 PAR FEDERAL HOME LOAN BANKS 4% DUE 10/15/08 50.000.00 10/23/03 50,000 PAR FEDERAL HOME LOAN BANKS 3.01% DUE 04/23/07 50.000.00 12/30/04 100 SHS ITT INDS INC COMMON 8,351.00 12/30/04 100 SHS PEPSICO INC COMMON 5.219.00 12/30/04 100 SHS SAFECO CORP COMMON 5.147.00 12/30/04 100 SHS STRYKER CORP COMMON 4,707.00 12/31/04 50,000 PAR USA TREASURY NOTES 3.125% DUE 05/15/07 49.939.45 1/27/05 50,000 PAR FEDERAL HOME LOAN BANK 3.51% DUE 04/27/07 50,000.00 1/28/05 50,000 PAR FEDERAL HOME LOAN BANKS 3.10% DUE 04/28/06 ~ 50.000.00 2/09/05 50.000 PAR FEDERAL HOME LOAN BANK 3.75% DUE 11/09/07 50.000.00 3/15/05 25,000 PAR FEDERAL HOME LOAN BANK 3.51% DUE 09/15/06 25.000.00 11/10/05 100 SHS JOHNSON & JOHNSON CO COMMON 6,128.00 11/15/OS 100 SHS THE HERSHEY COMPANY COMMON 5.509.38 11/15/OS 100 SHS THE HERSHEY COMPANY COMMON 5,509.38 2/16/06 100 SHS BARD C R INC COMMON 6.307.00 TOTAL PRINCIPAL INVESTMENTS 591,063.21 - 20 - CLARENCE V KNUDSEN 27-27-001-3893753 PRINCIPAL INFORMATION SCHEDULES - CHA NGES IN HOLDINGS 3/06/01 RECEIVED 150 SHS AT & T CORP COMMON 3,600.00 7/11/01 AT & T CORP COMMON REDUCE ACCOUNT VALUE BY RECEIPT OF 48.27 SHS AT & T WIRELESS GROUP WI COMMON 804.24- 11/19/02 AT & T CORP COMMON REDUCE ACCOUNT VALUE BY RECEIPT OF 48.525 SHS COMCAST CORPORATION CLASS A COMMON 1,749.59- 11/20/02 150 SHS AT & T CORP COMMON EXCHANGED FOR 30 SHS AT & T CORP NEW COMMON 1,046.17- 0 SHS .00 11/20/02 30 SHS AT & T CORP NEW COMMON IN EXCHANGE FOR 150 SHS AT & T CORP COMMON 1,046.17 12/26/02 SOLD 30 SHS AT & T CORP NEW COMMON 1,046.17- 0 SHS .00 7/11/01 48.27 SHS AT & T WIRELESS GROUP WI COMMON RECEIVED IN DISTRIBUTION ON 150 SHS AT & T CORP COMMON 804.24 7/18/01 SOLD 0.27 SHS AT & T WIRELESS GROUP WI COMMON 4.50- 12/26/02 SOLD 48 SHS AT & T WIRELESS GROUP WI COMMON 799,74- 0 SHS --------00 6/03/02 2.155 SHS AGERE SYSTEMS INC CLASS A COMMON RBCEIVED IN DISTRIBUTION ON 200 SHS LUCENT TECHNOLOGIES INC COMMON 32.55 6/18/02 SOLD 0.155 SHS AGERE SYSTEMS INC CLASS A COMMON 2.34- 10/04/02 SOLD 2 SHS AGERE SYSTEMS INC CLASS A COMMON 30.21- - 21 - CLARENCE V KNUDSEN 27-27-001-3893753 PRINC IPAL INFORMATION SCHEDULES - CHANGES IN HOLDINGS CONTINUED: AGERE SYSTEMS INC CLASS A 0 SHS .00 6/03/02 52.912 SHS AGERE SYSTEMS INC CLASS B COMMON RECEIVED IN DISTRIBUTION ON 200 SHS LUCENT TECHNOLOGIES INC COMMON 775.36 6/18/02 SOLD 0.912 SHS AGERE SYSTEMS INC CLASS B COMMON 13.36- 10/04/02 SOLD 52 SHS AGERE SYSTEMS INC CLASS B COMMON 762.00- 0 SHS .00 3/06/01 RECEIVED 698 SHS ALLTEL CORP COMMON 37,255.75 7/18/06 ALLTEL CORP COMMON REDUCE ACCOUNT VALUE BY RECEIPT OF 721.68 SHS WINDSTREAM CORP W/I COMMON 6,818.81- 10/19/07 SOLD 698 SHS ALLTEL CORP COMMON 30.436.94- 0 SHS .00 3/06/01 RECEIVED 800 SHS CARLISLE COMPANIES INC COMMON 33,150.40 2/16/06 SOLD 100 SHS CARLISLE COMPANIES INC COMMON 4.143.80- 5/16/06 SOLD 100 SHS CARLISLE COMPANIES INC COMMON 4,143.80- 3/20/07 STOCK SPLIT 2-1 600 SHS CARLISLE COMPANIES INC COMMON 10/16/07 REVALUED CARLISLE COMPANIES INC COMMON 34,015.20 - 22 - CLARENCE V KNUDSEN 27-27-001-3893753 PRINCIPAL INFORMATION SCHEDULES - CHANGES IN HOLDINGS CONTINUED: CARLISLE COMPANIES INC 10/19/07 SOLD 1,200 SHS CARLISLE COMPANIES INC COMMON 58,878.00- 0 SHS .00 11/19/02 48.525 SHS COMCAST CORPORATION CLASS A COMMON RECEIVED IN DISTRIBUTION ON 150 SHS AT & T CORP COMMON 1,749.59 11/27/02 SOLD 0.525 SHS COMCAST CORPORATION CLASS A COMMON 18.93- 12/29/04 SOLD 48 SHS COMCAST CORPORATION CLASS A COMMON 1,730.66- 0 SHS .00 3/06/01 RECEIVED 750 SHS CONECTIV INC COMMON ~ 12,843.75 8/14/02 750 SHS CONECTIV INC COMMON EXCHANGED FOR 961.537 SHS PEPCO HOLDINGS INC COMMON 12,843.75- 0 SHS .00 9/03/02 200 SHS CONOCOPHILLIPS COMMON FORMERLY PHILLIPS PETROLEUM CO COMMON 12,587.60 6/02/05 STOCK SPLIT 2-1 200 SHS CONOCOPHILLIPS COMMON 10/19/07 SOLD 400 SHS CONOCOPHILLIPS COMMON 12,587.60- 0 SHS --------00 3/06/01 RECEIVED 1,389 UTS DELAWARE GROUP CORE PLUS BOND CLASS A FD 1.00 12/27/04 SOLD 1,389 UTS DELAWARE GROUP CORE PLUS BOND CLASS A FD 1.00- - 23 - CLARENCE V KNUDSEN 27-27-001-3893753 PRINCIPAL INFORMATION SCHEDULES - CHANGES IN HOLDINGS CONTINUED: DELAWARE GROUP CORE PLUS BOND -------- -------- 0 -- -- UTS ---------- ---------- .00 5/18/06 50 SHS EMBARQ CORP W I COMMON RECEIVED IN DISTRIBTUTION ON 200 SHS SPRINT NEXTEL CORP COMMON 2,791.25 10/19/07 SOLD 50 SHS EMBARQ CORP W I COMMON 2,791.25- 0 SHS .00 3/06/01 RECEIVED 100 SHS EXELON CORP COMMON 6,043.80 5/06/04 STOCK SPLIT 2-1 100 SHS EXELON CORP COMMON 5/16/06 SOLD 200 SHS EXELON CORP COMMON 6.043.80- 0 SHS .00 3/06/01 RECEIVED 1,600 SHS FOREST LABORATORIES INC COMMON 95,200.00 10/04/02 SOLD 600 SHS FOREST LABORATORIES INC COMMON 35,700.00- 10/16/02 DISTRIBUTED 500 SHS FOREST LABORATORIES INC COMMON 48,530.00- 1/09/03 STOCK SPLIT 2-1 500 SHS FOREST LABORATORIES INC COMMON 12/30/04 SOLD 400 SHS FOREST LABORATORIES INC COMMON 4,388.00- 2/17/05 SOLD 600 SHS FOREST LABORATORIES INC COMMON 6,582.00- 0 SHS .00 12/30/04 PURCHASED 100 SHS ITT INDS INC COMMON 8,351.00 2/22/06 STOCK SPLIT 2-1 100 SHS ITT INDS INC COMMON 10/16/07 REVALUED ITT INDS INC COMMON 5.075.00 - 24 - CLARENCE V KNUDSEN 27-27-001-3893753 PRINCIPAL INFORMATION SCHEDULES - CHANGES IN HOLDINGS CONTINUED: ITT INDS INC COMMON 10/19/07 SOLD 200 SHS ITT INDS INC COMMON 13,426.00- 0 SHS 00 11/20/06 40 SHS IDEARC INC WI COMMON RECEIVED IN DISTRIBUTION ON 800 SHS VERIZON COMMUNICATIONS INC COMMON 1,361.93 10/23/07 SOLD 40 SHS IDEARC INC WI COMMON 1,361.93- 0 SHS .00 3/06/01 RECEIVED 200 SHS LUCENT TECHNOLOGIES INC COMMON 4,450.00 6/03/02 LUCENT TECHNOLOGIES INC COMMON REDUCE ACCOUNT VALUE BY RECEIPT OF 2.155 SHS AGERE SYSTEMS INC CLASS A COMMON AND . 52.912 SHS AGERE SYSTEMS INC CLASS B COMMON 807.91- 12/26/02 SOLD 200 SHS LUCENT TECHNOLOGIES INC COMMON 3,642.09- 0 SHS .00 3/06/01 RECEIVED 600 SHS PPL CORPORATION COMMON 25,762.80 8/25/05 STOCK SPLIT 2-1 600 SHS PPL CORPORATION COMMON 10/19/07 SOLD 1,200 SHS PPL CORPORATION COMMON 25,762.80- 0 SHS 00 8/14/02 961.537 SHS PEPCO HOLDINGS INC COMMON IN EXCHANGE FOR 750 SHS CONECTIV INC COMMON 12.843.75 8/21/02 SOLD 0.537 SHS PEPCO HOLDINGS INC COMMON 7.17- 5/08/06 RECEIVED 411 SHS PEPCO HOLDINGS INC COMMON 9,699.60 - 25 - CLARENCE V KNUDSEN 27-27-001-3893753 PRINCIPAL INFORMATION SCHEDULES - CHANGES IN HOLDINGS CONTINUED: PEPCO HOLDINGS INC COMMON 10/16/07 REVALUED PEPCO HOLDINGS INC COMMON 15,447.64 10/19/07 SOLD 1,372 SHS PEPCO HOLDINGS INC COMMON 37.983.82- 0 SHS .00 3/06/01 RECEIVED 200 SHS PHILLIPS PETROLEUM CO COMMON 12,587.60 9/03/02 200 SHS PHILLIPS PETROLEUM CO COMMON NOW CONOCOPHILLIPS COMMON 12,587.60- 0 SHS .00 3/06/01 RECEIVED 800 SHS SPRINT NEXTEL CORP COMMON 19.050.40 4/23/04 200 SHS SPRINT NF~7CTEL CORP COMMON IN EXCHANGE FOR 400 SHS SPRINT CORP PCS COMMON SERIES 1 12,700.00 5/18/06 SPRINT ~~C'!'EL CORP COMMON REDUCE ACCOUNT VALUE BY RECEIPT OF 50 SHS BMBARQ CORP W I COMMON 2,791.25- 10/16/07 REVALUED SPRINT NEXTEL CORP COMMON 9,674.15- 10/19/07 SOLD 1,000 SHS SPRINT DTEXTEL CORP COMMON 19,285.00- 0 SHS 00 3/06/01 RECEIVED 400 SHS SPRINT CORP PCS COMMON SERIES 1 12,700.00 4/23/04 400 SHS SPRINT CORP PCS COMMON SERIES 1 EXCHANGED FOR 200 SHS SPRINT N1~XTRT• CORP COMMON 12 , 700.00- 0 SHS --------00 3/06/01 RECEIVED 800 SHS VERIZON COMMUNICATIONS INC COMMON 37,150.40 - 26 - CLARENCE V KNUDSEN 27-27-001-3893753 PRINCIPAL INFORMATION SCHEDULES - CHANGES IN HOLDINGS CONTINUED: VBRIZON COMMUNICATIONS INC 11/20/06 VERIZON COMMUNICATIONS INC COMMON REDUCE ACCOUNT VALUE BY RECEIPT OF 40 SHS IDEARC INC WI COMMON 1.361.93- 10/16/07 REVALUED VERIZON COMMUNICATIONS INC COMMON 743.53 10/19/07 SOLD 800 SHS VERIZON COMMUNICATIONS INC COMMON 36.532.00- 0 SHS .00 7/18/06 721.68 SHS WINDSTREAM CORP W/I COMMON ' RECEIVED IN DISTRIBUTION ON 698 SHS ALLTEL CORP COMMON 6.818.81 7/24/06 SOLD 0.68 SHS WINDSTREAM CORP W/I COMMON 6.43- 7/28/06 SOLD 721 SHS WINDSTREAM CORP W/I COMMON 6.812.38- 0 SHS .00 - 27 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME INTEREST FEDERAL HOME LOAN BANKS 3.45% DUE 05/12/06 5/12/03 FEDERAL HOME LOAN BANKS 3.26% DUE 09/07/07 9/08/03 3/08/04 9/07/04 FEDERAL HOME LOAN BANK 3.75% DUE 11/09/07 5/09/05 11/09/05 5/09/06 11/09/06 4/26/07 FEDERAL HOME LOAN BANK 3.51% DUE 09/15/06 9/15/05 3/15/06 9/15/06 FEDERAL HOME LOAN BANKS 3.10% DUE 04/28/0.6 7/28/05 1/30/06 4/28/06 FEDERAL HOME LOAN BANK 3.51% DUE 04/27/07 7/27/05 1/27/06 7/27/06 1/11/07 FEDERAL HOME LOAN BANKS 4% DUB 10/15/08 4/15/04 10/15/04 4/15/05 10/17/05 FEDERAL HOME LOAN BANKS 3.01% DUE 04/23/07 4/23/04 FEDERAL HOME LOAN BANKS 12/12/03 6/14/04 12/13/04 6/13/05 12/12/05 12/16/05 862.50 815.00 815.00 815.00 468.75 937.50 937.50 937.50 869.79 438.75 438.75 438.75 775.00 775.00 387.50 877.50 877.50 877.50 799.50 1,000.00 1,000.00 1,000.00 l,ooo.oo 752.50 512.50 512.50 512.50 512.50 512.50 5.69 862.50 2,445.00 4,151.04 1,316.25 1.937.50 3,432.00 4,000.00 752.50 - 28 - CLARENCE V KNUDSEN RECEIPTS OF INCOME CONTINUED: FEDERAL HOME LOAN BANKS 6/12/06 256.25 USA TREASURY NOTES 3.125% DUE 05/15/07 12/31/04 198.55- 5/16/05 781.25 11/15/05 781.25 WAYPOINT BANK NOW CITIZENS BANK C/D X3155306988 4.80% DUE 01/28/02 3/05/02 2,247.46 WAYPOINT BANK CD 3/26/04 1,986.38 DIVIDEND DAIMLERCHRYSLER AG ORD COMMON 4/11/02 438.09 6/04/02 28.41 4/10/03 802.33 6/30/03 52.31 4/08/04 903.92 6/30/04 54.89 4/07/05 960.39 6/22/05 55.50 4/13/06 905.41 7/13/06 58.38 4/05/07 997.01 8/24/07 61.33 AT & T CORP COMMON 8/01/01 5.63 11/O1/O1 5.63 2/01/02 5.63 5/01/02 5.63 8/01/02 5.63 11/01/02 5.63 ALLTEL CORP COMMON 7/03/01 230.34 10/03/01 230.34 1/03/02 237.32 4/03/02 237.32 7/03/02 237.32 10/03/02 237.32 1/03/03 244.30 4/03/03 244.30 7/03/03 244.30 10/03/03 244.30 1/05/04 258.26 4/05/04 258.26 7/06/04 258.26 10/04/04 258.$6 27-27-001-3893753 2,824.44 1,363.95 2.247.46 1,986.38 5,317.97 33.78 - 29 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME CONTINUED: ALLTBL CORP COMMON 1/03/05 265.24 4/04/05 265.24 7/05/05 265.24 10/03/05 265.24 1/03/06 268.73 4/03/06 268.73 7/03/06 268.73 10/03/06 120.75 1/03/07 87.25 4/03/07 87.25 7/03/07 87.25 10/03/07 87.25 AMERICAN WATER WORKS CO INC COMMON 5/15/01 164.50 8/15/01 164.50 11/15/01 164.50 2/15/02 171.50 5/15/02 171.50 8/15/02 171.50 11/15/02 171.50 1/17/03 150.73 BARD C R INC COMMON 5/12/06 13.00 8/04/06 14.00 11/03/06 14.00 2/02/07 14.00 5/11/07 14.00 8/03/07 15.00 CARLISLE COMPANIES INC COMMON 6/O1/O1 160.00 9/04/01 168.00 12/03/01 168.00 3/01/02 168.00 6/03/02 168.00 9/03/02 172.00 12/02/02 172.00 3/03/03 172.00 6/02/03 172.00 9/02/03 176.00 12/01/03 176.00 3/01/04 176.00 6/01/04 176.00 9/01/04 184.00 12/01/04 184.00 3/01/05 184.00 6/01/05 184.00 9/01/05 200.00 12/01/05 200.00 3/01/06 175.00 6/01/06 150.00 9/01/06 162.00 5,757.10 1.330.23 84.00 - 30 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME CONTINUED: CARLISLE COMPANIES INC 12/01/06 162.00 3/01/07 162.00 6/01/07 162.00 9/04/07 174.00 CONECTIV INC COMMON 7/31/01 165.00 10/31/01 165.00 1/31/02 165.00 4/30/02 165.00 7/31/02 165.00 8/16/02 52.50 CONOCOPHILLIPS COMMON 12/02/02 80.00 3/03/03 80.00 6/02/03 80.00 9/02/03 80.00 12/01/03 86.00 3/01/04 86.00 6/01/04 86.00 9/01/04 86.00 12/01/04 100.00 3/01/05 100.00 6/01/05 124.00 9/01/05 124.00 12/01/05 124.00 3/01/06 144.00 6/01/06 144.00 9/01/06 144.00 12/01/06 144.00 3/01/07 164.00 6/01/07 164.00 9/04/07 164.00 EMBARQ CORP W I COMMON 10/02/06 25.00 1/02/07 25.00 4/02/07 25.00 7/02/07 31.25 10/01/07 31.25 EXELON CORP COMMON 6/11/01 42.25 9/10/01 42.25 12/10/01 42.25 3/11/02 44.00 6/10/02 44.00 9/10/02 44.00 12/10/02 44.00 3/10/03 46.00 6/10/03 46.00 9/10/03 50.00 12/10/03 50.00 3/10/04 55.00 4,507.00 877.50 2,304.00 137.50 - 31 - CLARENCE V KNUDSBN 27-27-001-3893753 RECEIPTS OF INCOME CONTINUED: EXELON CORP COMMON 6/10/04 55.00 9/10/04 61.00 12/10/04 80.00 3/10/05 80.00 6/10/05 80.00 9/12/05 80.00 12/12/05 80.00 3/10/06 80.00 6/12/06 80.00 EXXON MOBIL CORP COMMON 3/11/02 115.00 6/10/02 115.00 9/10/02 115.00 12/10/02 115.00 3/10/03 115.00 6/10/03 125.00 9/10/03 125.00 12/10/03 125.00 3/10/04 125.00 6/10/04 135.00 9/10/04 135.00 12/10/04 135.00 3/10/05 135.00 6/10/05 145.00 9/09/05 145.00 12/09/05 145.00 3/10/06 160.00 6/09/06 160.00 9/11/06 160.00 12/11/06 160.00 3/09/07 128.00 6/11/07 140.00 9/10/07 140.00 FIRSTENERGY CORP COMMON 6/01/01 19.50 9/04/01 19.50 12/03/01 14.52 12/07/01 4.98 3/01/02 19.50 6/03/02 19.50 9/03/02 19.50 12/02/02 19.50 3/03/03 19.50 6/02/03 19.50 9/02/03 19.50 THE HERSHEY COMPANY COMMON 12/15/05 49.00 3/15/06 49.00 6/15/06 49.00 9/15/06 54.00 12/15/06 54.00 1.225.75 3.098.00 195.00 255.00 - 32 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME ITT INDS INC COMMON 4/01/05 18.00 7/01/05 18.00 10/03/05 18.00 1/03/06 18.00 4/03/06 22.00 7/03/06 22.00 10/02/06 22.00 1/02/07 22.00 4/02/07 28.00 7/02/07 28.00 10/01/07 28.00 IDEARC INC WI COMMON 3/15/07 13.70 6/07/07 13.70 9/07/07 13.70 JOHNSON & JOHNSON CO COMMON 12/13/05 33.00 3/14/06 33.00 6/13/06 37.50 9/12/06 37.50 12/12/06 37.50 3/13/07 37.50 LUCENT TECHNOLOGIES INC COMMON 6/01/01 4.00 NEWPORT CORPORATION 7/10/01 12.00 PPL CORPORATION COMMON 7/02/01 159..00 10/O1/O1 159.00 1/02/02 159.00 4/01/02 216.00 7/01/02 216.00 10/01/02 216.00 1/02/03 216.00 4/01/03 231.00 7/01/03 231.00 10/01/03 231.00 1/02/04 231.00 4/01/04 246.00 7/01/04 246.00 10/01/04 246.00 1/03/05 246.00 4/01/05 276.00 7/01/05 276.00 10/03/05 300.00 1/03/06 300.00 4/03/06 330.00 7/03/06 330.00 10/02/06 330.00 1/02/07 330.00 4/02/07 366.00 244.00 41.10 216.00 4.00 12.00 - 33 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME CONTINUED: PPL CORPORATION COMMON 7/02/07 366.00 10/01/07 366.00 PPL ELECTRIC UTILITIES CORP PFD 4.40% 7/02/01 110.00 to/ol/ol llo.oo 1/o2/oz 110.00 4/01/02 110.00 7/01/02 110.00 l0/01/02 llo.oo 1/02/03 110.00 4/01/03 110.00 7/01/03 110.00 10/01/03 110.00 1/02/04 110.00 4/01/04 110.00 7/01/04 110.00 10/01/04 110.00 1/03/05 110.00 4/01/05 110.00 7/01/05 110.00 10/03/05 110.00 1/03/06 110.00 4/03/06 110.00 7/03/06 110.00 10/02/06 110.00 1/02/07 110.00 4/02/07 110.00 7/02/07 110.00 l0/01/07 llo.oo PEPCO HOLDINGS INC COMMON 9/30/02 159.30 12/31/02 240.25 3/31/03 240.25 6/30/03 240.25 9/30/03 240.25 12/31/03 240.25 3/31/04 240.25 6/30/04 240.25 9/30/04 240.25 12/31/04 240.25 3/31/05 240.25 6/30/05 240.25 9/30/05 240.25 12/30/05 240.25 3/31/06 249.86 6/30/06 356.72 9/29/06 356.72 12/29/06 356.72 3/30/07 356.72 6/29/07 356.72 9/28/07 356.72 6,819.00 2,860.00 5,672.73 - 34 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME PEPSICO INC COMMON 3/31/05 23.00 6/30/05 26.00 9/30/05 26.00 1/03/06 26.00 3/31/06 26.00 6/30/06 30.00 9/29/06 30.00 1/02/07 30.00 3/30/07 30.00 PHILLIPS PETROLEUM CO COMMON 6/01/01 68.00 9/04/01 72.00 12/03/01 72.00 3/01/02 72.00 5/31/02 72.00 9/03/02 72.00 PUBLIC SERVICE ENTERPRISE GROUP INC COMMON 6/29/01 1.199.34 9/28/01 1,199.34 12/31/01 1,199.34 3/29/02 1,199.34 6/28/02 1,199.34 9/30/02 1,199.34 12/31/02 1,199.34 3/31/03 1,199.34 6/30/03 1,199.34 9/30/03 1,199.34 12/31/03 1,199.34 3/31/04 1,221.55 6/30/04 1,221.55 9/30/04 1,221.55 12/31/04 1,221.55 3/31/05 1,243.76 6/30/05 1,243.76 9/30/05 1.243.76 12/30/05 1,243.76 3/31/06 1,265.97 6/30/06 1.634.19 9/29/06 1,634.19 12/29/06 1,634.19 3/30/07 1,677.20 6/29/07 1,677.20 9/28/07 1,677.20 SAFECO CORP COMMON 1/24/05 22.00 4/25/05 22.00 7/25/05 25.00 10/24/05 25.00 1/23/06 25.00 4/24/06 25.00 7/24/06 30.00 10/23/06 30.00 247.00 428.00 34,254.12 - 35 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME CONTINUED: SAFECO CORP COMMON 1/22/07 30.00 SPRINT ~~T• CORP COMMON 6/29/01 100.00 9/28/01 100.00 12/2s/ol loo.oo 3/29/02 100.00 6/28/02 100.00 9/30/02 100.00 12/30/02 100.00 3/31/03 100.00 6/30/03 100.00 9/30/03 100.00 12/30/03 100.00 3/31/04 100.00 6/30/04 125.00 9/30/04 125.00 12/30/04 125.00 3/31/05 125.00 6/30/05 125.00 9/30/05 25.00 12/30/05 25.00 3/31/06 25.00 6/30/06 25.00 9/29/06 25.00 12/29/06 25.00 3/30/07 25.00 6/29/07 25.00 9/28/07 25.00 STRYI~R CORP COMMON 1/31/05 9.00 1/31/06 11.00 1/31/07 22.00 U G I HOLDING CORP COMMON 7/03/06 176.25 10/02/06 176.25 1/02/07 176.25 4/02/07 176.25 7/02/07 185.00 10/01/07 185.00 VERIZON COMMUNICATIONS INC COMMON 8/01/01 308.00 11/O1/O1 308.00 2/01/02 308.00 5/01/02 308.00 8/01/02 308.00 11/01/02 308.00 2/03/03 308.00 5/01/03 308.00 8/01/03 308.00 11/03/03 308.00 234.00 2,050.00 42.00 1,075.00 - 36 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME CONTINUED: VERIZON COMMUNICATIONS INC 2/02/04 308.00 5/03/04 308.00 8/02/04 308.00 11/01/04 308.00 2/01/05 308.00 5/02/05 324.00 8/01/05 324.00 11/01/05 324.00 2/01/06 324.00 5/01/06 324.00 8/01/06 324.00 11/01/06 324.00 2/01/07 324.00 5/01/07 324.00 8/01/07 324.00 11/01/07 344.00 OTF~R INCOME DEAN WITTER SELECT EQ TR UNIT UTIL STK SER 5/15/01 39.35 6/15/01 39.35 7/16/01 39.35 8/15/01 39.35 9/25/01 39.35 10/15/01 39.35 11/15/01 39.35 12/17/01 39.35 1/15/02 3.92 1/18/02 35.32 2/15/02 39.24 3/15/02 39.24 4/15/02 39.24 5/15/02 37.06 6/17/02 37.06 7/15/02 37.06 8/15/02 37.06 9/16/02 37.06 9/17/02 435.35 10/15/02 37.06 11/15/02 28.34 12/16/02 29.43 1/15/03 29.43 2/18/03 27.25 3/17/03 27.25 4/15/03 27.25 5/15/03 27.25 6/16/03 27.25 7/15/03 27.25 8/15/03 25.07 9/15/03 25.07 10/15/03 25.07 11/17/03 25.07 12/15/03 25.07 8.204.00 - 37 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME CONTINUED: DEAN WITTER SELECT EQ TR UNIT UTIL 1/15/04 25.07 2/17/04 23.98 3/15/04 23.98 4/15/04 23.98 5/17/04 23.98 6/15/04 23.98 7/15/04 22.89 8/16/04 71.94 DELAWARE GROUP CORE PLUS BOND CLASS A FD 5/30/01 47.26 6/25/01 47.12 8/01/01 43.73 8/23/01 50.45 10/O1/O1 50.44 10/26/01 48.09 11/26/01 49.70 12/24/01 42.35 1/29/02 46.75 2/25/02 49.81 3/25/02 42.73 4/23/02 48.40 5/23/02 45.78 6/24/02 47.06 7/24/02 43.12 8/23/02 44.40 9/23/02 45.53 10/23/02 44.45 11/25/02 44.37 12/23/02 40.89 1/24/03 41.01 2/24/03 39.66 3/24/03 37.35 4/23/03 43.59 5/23/03 39.38 6/23/03 34.61 7/23/03 32.01 8/25/03 35.57 9/23/03 36.56 10/23/03 35.09 11/24/03 38.57 12/23/03 36.38 1/23/04 36.77 2/23/04 38.02 3/23/04 36.85 4/23/04 40.84 5/24/04 40.82 6/23/04 39.63 7/23/04 38.39 8/23/04 41.98 9/23/04 40.85 10/25/04 37.88 11/24/04 41.00 12/23/04 40.11 1.745.32 1,845.35 - 38 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME NUVEEN MUNICIPAL VALUE FUND INC 6/01/01 17.00 7/02/01 17.00 s/ol/ol 17.00 9/04/01 17.00 10/01/01 17.00 11/01/01 17.00 12/03/01 17.00 12/28/01 17.00 2/01/02 17.00 3/01/02 17.00 4/01/02 17.00 5/01/02 17.00 6/03/02 17.00 7/01/02 17.00 8/01/02 17.00 9/03/02 17.00 10/01/02 17.00 11/01/02 17.00 12/02/02 17.00 12/30/02 16.60 2/03/03 16.60 3/03/03 16.60 4/01/03 16.60 5/01/03 16.60 6/02/03 16.60 7/01/03 16.60 8/01/03 16.60 9/02/03 16.60 10/01/03 16.00 11/03/03 16.00 12/01/03 16.00 12/30/03 16.00 2/02/04 16.00 3/01/04 16.00 4/01/04 16.00 5/03/04 16.00 6/01/04 16.00 7/01/04 15.60 8/02/04 15.60 9/01/04 15.60 10/01/04 15.60 11/01/04 15.60 12/01/04 15.60 12/30/04 15.60 WAYPOINT BANK C/D #3155295230 4.69 DUE 08/03/01 8/14/01 464.79 BLACKROCK MONEY MARKET INSTITUTIONAL CLASS FD #O1 5/01/01 1.77 5/01/01 2.24 6/01/01 12.14 6/01/01 16.46 7/02/01 4.42 725.60 464.79 - 39 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME CONTINUED: BLACKROCK MONEY MARKET 7/02/01 14.66 8/01/01 8.86 8/01/01 11.19 9/04/01 10.99 9/04/01 26.04 10/O1/O1 7.86 10/O1/O1 35.99 11/O1/O1 6.57 11/O1/O1 30.04 12/03/01 4.83 12/03/01 50.06 1/02/02 2.24. 1/02/02 52.52 2/01/02 2.54 2/01/02 71.58 3/01/02 1.77 3/01/02 63.92 4/01/02 3.22 4/01/02 78.53 5/01/02 4.08 5/01/02 45.83 6/03/02 3.91 6/03/02 45.31 7/01/02 2.24 7/01/02 42.85 8/01/02 2.33 8/01/02 42.48 9/03/02 .89 9/03/02 63.99 10/01/02 .35 10/01/02 70.65 11/01/02 1.11 11/01/02 188.83 12/02/02 .29 12/02/02 203.29 1/02/03 .28 1/02/03 170.42 2/03/03 .98 2/03/03 181.09 3/03/03 .45 3/03/03 159.26 4/01/03 .39 4/01/03 143.31 5/02/03 1.45 5/02/03 121.80 6/02/03 .98 6/02/03 146.43 7/01/03 .14 7/01/03 135.65 8/01/03 .73 8/01/03 113.38 9/02/03 .40 9/02/03 108.80 10/01/03 .39 10/01/03 101.36 - 40 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME CONTINUED: BLACKROCK MONEY MARKET 11/03/03 .76 11/03/03 80.74 12/01/03 1.16 12/01/03 42.12 1/02/04 2.04 1/02/04 49.40 2/02/04 1.52 2/02/04 58.47 3/03/04 .32 3/03/04 55.73 4/01/04 2.69 4/01/04 72.03 5/03/04 3.86 5/03/04 91.05 6/01/04 2.77 6/01/04 119.99 7/01/04 1.08 7/01/04 80.87 BLACKROCK LIQUIDITY FUNDS TEMPFUND ADMINISTRATION SHARES ~H1 7/01/04 .41 7/01/04 49.40 8/02/04 1.97 8/02/04 183.96 9/01/04 2.97 9/01/04 214.88 10/01/04 5.74 10/01/04 278.46 11/01/04 5.06 11/01/04 321.59 12/01/04 12.99 12/01/04 332.58 1/03/05 5.69 1/03/05 411.18 2/01/05 6.36 2/01/05 376.73 3/01/05 5.29 3/01/05 154.07 4/01/05 2.86 4/01/05 145.41 5/02/05 6.57 5/02/05 123.16 6/01/05 7.68 6/01/05 132.19 7/01/05 16.68 7/01/05 121.88 8/01/05 19.84 8/01/05 126.15 9/01/05 19.41 9/01/05 148.24 10/03/05 8.63 10/03/05 140.98 11/01/05 8.50 11/01/05 139.47 3,293.16 - 41 - CLARENCE V RNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME CONTINUED: BLACKROCK LIQUIDITY FUNDS TEMPFUND 12/01/05 4.55 12/01/05 90.40 1/03/06 18.27 1/03/06 46.58 2/01/06 26.33 2/01/06 76.83 3/01/06 14.42 3/01/06 84.80 4/03/06 15.13 4/03/06 78.07 5/01/06 22.02 5/01/06 58.58 6/01/06 35.73 6/01/06 234.10 7/03/06 11.02 7/03/06 281.03 8/02/06 45.21 8/02/06 268.62 9/01/06 20.36 9/01/06 266.98 10/02/06 18.16 10/02/06 232.05 11/01/06 46.78 11/01/06 205.96 12/01/06 30.82 12/01/06 156.05 1/02/07 35.20 1/02/07 100.80 2/01/07 83.38 2/01/07 75.39 3/01/07 89.41 3/01/07 39.40 4/02/07 37.69 4/02/07 58.61 5/01/07 37.54 5/01/07 70.60 6/01/07 45.11 6/01/07 186.63 7/02/07 81.00 7/02/07 54.52 8/01/07 42.22 8/01/07 17.65 9/04/07 26.72 9/04/07 .94 10/01/07 35.76 10/01/07 .94 11/01/07 37.49 11/01/07 984.99 12/03/07 1.59 12/03/07 2,880.44 1/02/08 10.30 1/02/08 2,879.29 2/01/08 19.88 2/01/08 2,719.57 3/03/08 21.79 - 42 - CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME CONTINUED: BLACKROCK LIQUIDITY FUNDS TEMPFUND 3/03/08 2,126.64 4/01/08 25.48 4/01/08 2,022.50 5/01/08 24.05 5/01/08 1,668.41 6/02/08 25.44 6/02/08 1,593.99 7/01/08 24.66 7/01/08 1,403.92 MISCELLANEOUS ACCOUNT 27-27-007-3884748 CLARENCE V RNUDSEN 4/26/01 4.015.56 4/30/01 108.38 5/04/01 554.48 6/27/01 162.60 INCOME CASH TRANSFERRED FROM TRANSFER FROM PRINCIPAL 6/28/01 1,000.00 9/17/02 46.56 11/12/02 soo.oo 12/16/02 1,000.00 2/12/03 1.000.00 3/12/03 1,000.00 6/10/03 1.000.00 6/23/03 1,000.00 8/05/03 1,000.00 8/14/03 2.000.00 9/30/03 1,500.00 10/30/03 1.000.00 11/20/03 5,000.00 2/09/04 1.000.00 2/27/04 5,000.00 8/13/04 5,000.00 9/20/04 10,000.00 11/01/04 15,000.00 12/29/04 5,000.00 1/18/05 5.000.00 2/15/05 10,000.00 4/20/05 10.000.00 6/06/05 10.000.00 7/12/05 10.000.00 8/09/05 10.000.00 9/14/05 5,000.00 9/29/05 2,000.00 10/18/05 10,000.00 11/16/05 10,000.00 12/08/05 10,000.00 12/15/05 3,000.00 12/16/05 10.000.00 2/17/06 10.000.00 4/06/06 10,000.00 25,515.77 4.841.02 - 43 - CLARENCE V RNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME 7/16/01 5/01/06 10.000.00 5/02/06 10.000.00 5/16/06 15.000.00 6/14/06 10.000.00 6/30/06 15,000.00 8/16/06 16,000.00 9/12/06 20.000.00 9/26/06 15.000.00 10/19/06 15,000.00 11/28/06 15,000.00 12/29/06 10.000.00 1/16/07 15,000.00 1/16/07 20,000.00 4/03/07 20,000.00 4/24/07 7,000.00 5/17/07 20.000.00 6/05/07 22,000.00 6/25/07 5.000.00 7/24/07 5,000.00 448,046.56 INTERNAL REVENUE SERVICE REFUND INDIVIDUAL INCOME TAX 2.723.15 SUN LIFE ANNUITY 9/05/01 196.73 10/O1/O1 196.73 11/01/01 196.73 12/03/01 196.73 1/02/02 196.73 2/11/02 196.73 3/01/02 196.73 4/01/02 196.73 5/01/02 196.73 6/03/02 196.73 7/01/02 196.73 8/01/02 196.73 9/03/02 196.73 10/01/02 196.73 11/01/02 196.73 12/02/02 196.73 1/02/03 196.73 2/03/03 196.73 3/03/03 196.73 4/01/03 196.73 5/01/03 196.73 6/02/03 196.73 7/01/03 196.73 8/06/03 196.73 9/02/03 196.73 10/03/03 196.73 11/04/03 196.73 12/02/03 196.73 1/05/04 196.73 2/03/04 196.73 3/02/04 196.73 4/02/04 196.73 5/04/04 196.73 - 44 - CLARENCE V IQdtTDSEN 27-27-001-3893753 RECEIPTS OF INCOME 6/02/04 7/02/04 8/03/04 9/02/04 10/04/04 11/02/04 12/02/04 1/04/05 2/02/05 3/02/05 4/04/05 5/03/05 6/02/05 7/05/05 8/02/05 9/02/05 10/04/05 11/02/05 12/02/05 1/04/06 2/02/06 3/02/06 4/04/06 5/02/06 6/02/06 7/05/06 8/02/06 9/05/06 10/03/06 11/02/06 12/04/06 1/03/07 2/02/07 3/02/07 4/03/07 5/02/07 6/04/07 7/03/07 8/02/07 9/05/07 10/02/07 SOCIAL SECURITY 4/06/06 5/04/06 6/12/06 7/05/06 7/06/06 8/04/06 9/06/06 10/04/06 11/06/06 12/05/06 1/04/07 2/06/07 3/06/07 4/04/07 BENEFITS - 45 - 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 19.6.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 196.73 2,001.00 2,001.00 1.948.00 1,948.00 26.50 1,974.50 1,974.50 1.974.50 1.974.50 1,974.50 2,041.80 2,041.80 2,041.80 2,041.80 14.558.02 CLARENCE V KNUDSEN 27-27-001-3893753 RECEIPTS OF INCOME 4/30/07 5/04/07 2,041.80 6/05/07 2,041.80 7/05/07 2,041.80 8/06/07 2,041.80 9/05/07 2,041.80 10/04/07 2,041.80 INTERNAL REVENUE SERVICE REFUND 2006 PERSONAL INCOME TAX TOTAL INCOME 38.215.00 40.00 656.858.54 - 46 - CLARENCE V KNUDSEN 27-27-001-3893753 DISBURSEMENTS OF INCOME 9/11/06 TRANSFER TO PRINCIPAL 10.000.00- 1/22/07 TRANSFER TO PRINCIPAL 1.000.00- 10/19/07 TRANSFER TO PRINCIPAL BALANCE OF INCOME ON HAND AND ACCRUED TO DATE OF DEATH 13,298.74- 11/07/07 TRANSFER TO PRINCIPAL ACCRUED INCOME TO 10/5/07 (DATE OF DEATH) 220.40- DAIMLERCHRYSLER AG ORD COMMON 26.375% GERMAN TAX WI'~Rr.n 4/11/02 92.43- 4/10/03 169.29- 4/08/04 190.73- 4/07/05 202.64- 4/13/06 191.04- 4/05/07 210.37- 1.056.50- BOSWELL TINTNER PICCOLA & ALFORD LEGAL SERVICES 3/28/03 151.50- 12/28/04 297.50- 3/30/07 261.43- 710.43- CUMBERI~AND COUNTY LOWER ALLEN TWP PER CAPITA TAX 7/24/01 9.80- 3/21/02 9.80- 7/17/02 9.80- 4/04/03 9.80- 8/15/03 9.80- 4/16/04 9.80- 8/10/04 9.80- 4/18/05 9.80- 8/17/05 9.80- 7/13/06 11.00- 8/14/06 9.80- 4/10/07 9.80- 118.80- LOWER ALBN TOWNSHIP SEWER AND REFUSE 10/04/02 4.80- 1/07/03 24.00- 4/04/03 24.00- 7/11/03 24.00- 10/08/03 24.00- 1/13/04 24.00- 4/08/04 24.00- 7/09/04 24.00- 172.80- - 47 - CLARENCE V KNUDSEN 27-27-001-3893753 DISBURSEMENTS OF INCOME TRUSTEE'S COMPENSATION PNC BANK NATIONAL ASSO CIATION COMPENSATION BASED ON PRINCIPAL MARKET VALUE 4/26/01 457.96- 5/29/01 558.30- 6/26/01 521.30- 7/26/01 512.64- 8/28/01 523.05- 9/26/01 471.24- 10/26/01 483.05- 11/27/01 514.52- 12/27/01 519.35- 1/28/02 523.43- 2/26/02 507.16- 3/26/02 538.40- 4/26/02 525.16- 5/29/02 518.62- 6/26/02 484.59- 7/26/02 436.24- 8/27/02 493.67- 9/26/02 464.71- 10/29/02 522.75- 11/26/02 555.57- 12/27/02 557.59- 1/28/03 557.25- 2/26/03 552.65- 3/26/03 561.72- 4/28/03 572.75- 5/28/03 591.31- 6/26/03 604.21- 7/28/03 589.61- 8/26/03 588.79- 9/26/03 595.32- 10/28/03 604.43- 11/26/03 606.98- 12/29/03 651.54- 1/27/04 684.56- 2/26/04 678.60- 3/26/04 669.26- 4/27/04 679.45- 5/26/04 650.23- 6/28/04 658.68- 7/27/04 655.48- 8/26/04 659.81- 9/28/04 657.66- 10/26/04 654.47- 11/29/04 663.98- 12/28/04 687.47- 1/26/05 668.26- 2/28/05 752.01- 3/28/05 740.76- 4/26/05 750.06- 5/26/05 751.14- 6/28/05 769.41- 7/26/05 768.15- 8/26/05 776.02- - 48 - CLARENCE V KNUDSEN 27-27-001-3893753 DISBURSEMENTS OF INCOME CONTINUED: TRUSTEE'S COMPENSATION 9/28/05 778.62- 10/26/05 759.10- 11/28/05 760.04- 12/28/05 750.39- 1/26/06 766.40- 2/28/06 771.14- 3/28/06 764.97- 4/26/06 734.45- 5/26/06 699.02- 6/27/06 696.62- 7/26/06 705.23- 8/28/06 707.66- 9/26/06 652.92- 10/26/06 660.24- 11/28/06 665.18- 12/27/06 659.74- 1/26/07 617.14- 2/27/07 644.35- 3/27/07 654.34- 4/26/07 664.57.- 5/29/07 655.69- 6/26/07 642.76- 7/26/07 635.74- 8/28/07 631.71- 9/26/07 651.17- 10/26/07 327.72- 11/27/07 327.01- 12/27/07 328.46- 1/28/08 329.48- 2/26/08 330.02- 3/26/08 330.70- 4/28/08 330.93- 5/28/08 331.41- 6/26/08 307.99- INTERNAL REVENUE SERVICE FIDUCIARY INCOME TAX BALANCE AND INST r.r.rrrrwm PAYMENTS 4/09/08 877.00- 6/10/08 767.00- TOTAL INCOME DISBURSEMENTS 52,014.23- 1.644.00- 80,235.90- - 49 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES FOR ACCOUNT OF CLARENCE KNUDSEN CASH DISTRIBUTED BETHANY VILLAGE MONTHLY ROOM AND BOARD 5/17/01 1,328.55- 6/11/01 636.50- 7/10/01 657.05- 8/10/01 637.05- 9/12/01 616.50- 10/10/01 667.05- 11/14/01 671.50- 12/10/01 667.05- 1/08/02 695.80- 2/12/02 630.40- 3/08/02 630.40- 4/05/02 779.40- 6/07/02 695.80- 7/10/02 699.00- 8/06/02 675.80- 9/13/02 675.80- 10/07/02 714.00- 11/06/02 674.00- 12/06/02 740.80- 1/09/03 713.00- 2/05/03 713.00- 3/07/03 644.00- 4/09/03 737.00- 5/06/03 713.00- 6/06/03 713.00- 7/11/03 713.00- 8/12/03 738.00- 9/15/03 737.00- 10/06/03 713.00- 11/07/03 713.00- 12/11/03 739.00- 1/13/04 751.75- 2/06/04 751.75- 3/12/04 766.25- 4/08/04 789.50- 5/07/04 831.75- 6/09/04 832.50- 7/09/04 867.75- 8/09/04 751.75- 9/17/04 9.162.11- 10/15/04 6,968.00- 11/08/04 6,702.00- 12/13/04 7.012.00- 1/12/05 7,372.00- 2/11/05 8,158.00- 3/14/05 2,357.50- 4/19/05 4,514.00- 5/13/05 4,579.00- 7/12/05 10,023.57- 8/08/05 7,981.50- 9/12/05 7,754.19- 10/17/05 7,928.75- - 50 - CLARENCE V I~TDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 11/17/05 7,699.50- 12/13/05 7,984.75- 4/21/06 7.238.31- 5/01/06 8.479.05- 5/16/06 9,446.55- 5/16/06 6,000.00- 6/12/06 8,212.60- 7/17/06 8,455.75- 8/15/06 8,441.70- 9/11/06 8,194.25- 9/20/06 8,194.25- 10/16/06 8,550.29- 11/14/06 8,209.27- 12/19/06 8.440.25- 1/18/07 8,982.40- 2/14/07 8,155.25- 3/13/07 9,043.50- 4/03/07 9,043.50- 4/17/07 9,021.00- 5/18/07 9,146.00- 6/05/07 9,083.50- 6/29/07 8.706.00- 7/17/07 9,006.00- INDEPENDENCE BLUE CROSS BLUE CROSS & BLUE SHIELD SECURITY 65 PLAN~C GROUP PREMIUMS 6/15/01 318.45- 9/25/01 318.45- 12/11/01 337.35- 3/08/02 337.35- 6/07/02 337.35- 9/13/02 337.35- 12/23/02 967.32- 3/12/03 367.32- 6/23/03 367.32- 9/25/03 367.32- 12/15/03 367.32- 3/12/04 367.32- 6/15/04 367.32- 9/13/04 367.32- 12/09/04 367.32- 3/09/05 367.32- 6/09/05 444.33- 9/13/05 444.33- 10/24/05 21.06 11/14/05 18.60 12/16/05 409.20- 3/13/06 409.20- 6/14/06 409.20- 9/11/06 409.20- 12/11/06 409.20- 3/09/07 409.20- 6/11/07 409.20- 312,667.74- 9.372.90- - 51 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE IQdiTDSEN ALERT PHARMACY SERVICES INC. PRESCRIPTIONS 7/01/05 14.39- 8/02/05 782.57- 9/15/05 520.00- 10/11/05 382.87- 11/14/05 534.19- 12/08/05 272.61- 2/07/06 307.91- 3/30/06 769.76- 5/02/06 326.58- 6/07/06 392.34- 10/02/06 12.22- 11/02/06 83.72- 12/05/06 65.01- 1/11/07 69.33- 2/02/07 209.33- 3/07/07 180.91- MILLENNIUM PHARMACY SERVICES INC MONTHLY PHARMACY CHARGES 4/18/07 145.78- 5/09/07 55.64- 6/15/07 67.62- 7/12/07 99.04- IN YOUR HOME CARE PERSONAL CARE CAREGIVER 1/13/04 27.00- 4/09/07 160.00- 4/16/07 400.00- 4/23/07 400.00- 4/30/07 400.00- 5/08/07 400.00- 5/14/07 752.00- 5/21/07 896.00- 5/29/07 896.00- 6/04/07 960.00- 6/11/07 848.00- 6/19/07 896.00- 6/26/07 896.00- 7/03/07 848.00- 7/10/07 880.00- 7/18/07 916.85- 7/23/07 1.792.00- EAST PENNSBORO AMBULANCE SERVICES PROFESSIONAL SERVICES 12/20/05 50.00- 1/06/06 60.00- 1/25/06 50.00- 4/20/06 50.00- 4.923.74- 368.08- 12,367.85- - 52 - CLARENCE V KNUDSEN DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 5/25/06 50.00- 7/27/06 30.00- NEW YORK LIFE ANNUAL WHOLE LIFE PREMIUM 11/05/04 265.33- 6/27/05 417.00- 10/18/05 222.85- WAGGONER FRUTIGER & DAUB PREPARATION INCOME TAXES 5/28/03 875.00- . 4/29/04 1.000.00- 5/18/05 1.200.00- CAMP HILL PRESBYTERIAN CHURCH DONATION 5/18/01 500.00- 6/01/01 250.00- 7/02/01 250.00- 8/01/01 250.00- 9/04/01 250.00- 10/01/01 250.00- - 11/O1/O1 250.00- 12/03/01 250.00- 1/07/02 200.00- 2/05/02 200.00- 3/05/02 200.00- 4/05/02 200.00- 5/06/02 200.00- 6/05/02 200.00- 7/05/02 200.00- 8/05/02 200.00- 9/05/02 200.00- 10/07/02 200.00- 11/05/02 200.00- 12/05/02 200.00- 1/06/03 200.00- 2/05/03 200.00- 3/05/03 200.00- 4/07/03 200.00- 5/05/03 200.00- 6/05/03 200.00- 7/07/03 200.00- 8/05/03. 200.00- 9/05/03 200.00- 10/06/03 200.00- 11/05/03 200.00- 12/05/03 200.00- 1/05/04 200.00- 2/05/04 200.00- 3/05/04 200.00- 4/05/04 200.00- 27-27-001-3893753 290.00- 905.18- 3,075.00- - 53 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INC01~ TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 5/05/04 200.00- 6/07/04 200.00- 7/06/04 200.00- 8/05/04 200.00- 9/07/04 200.00- 10/05/04 200.00- 11/05/04 200.00- 12/06/04 200.00- 1/05/05 200.00- 2/07/05 200.00- 3/07/05 200.00- 4/05/05 200.00- 5/05/05 200.00- 6/06/05 200.00- 7/05/05 200.00- 8/05/05 200.00- 9/06/05 200.00- 10/05/05 200.00- 11/07/05 200.00- 12/05/05 200.00- 1/05/06 200.00- 2/06/06 200.00- 3/06/06 200.00- 4/05/06 200.00- 5/05/06 200.00- 6/05/06 200.00- 7/05/06 200.00- 8/07/06 200.00- 9/05/06 200.00- 10/05/06 200.00- 11/06/06 200.00- 12/05/06 200.00- 1/05/07 200.00- 2/05/07 200.00- 3/05/07 200.00- 4/05/07 200.00- 5/07/07 200.00- 6/05/07 200.00- 7/05/07 200.00- PNC BANK NATIONAL ASSOCIATION SAFE DEPOSIT BOX RENT 12/20/01 25.00- 10/03/02 15.00- 10/10/03 15.00- 9/30/04 20.00- VERIZON PHONE SERVICE 5/22/01 17.99- 6/21/01 18.07- 7/19/01 19.01- 8/20/01 18.84- 9/18/01 19.12- 15,650.00- 75.00- - 54 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INC01~ TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 10/19/01 19.02- 11/26/01 18.82- 12/31/01 18.82- 1/18/02 18.83- 2/20/02 18.83- 3/19/02 18.83- 4/22/02 18.91- 5/22/02 18.89- 6/19/02 18.85- 7/22/02 20.12- 8/20/02 19.85- 9/19/02 19.88- 10/21/02 19.86- 11/19/02 20.03- 12/24/02 19.89- 1/21/03 19.92- 2/20/03 20.89- 3/21/03 19.91- 4/21/03 20.00- 5/21/03 20.09- 6/20/03 20.17- 7/22/03 20.27- 8/25/03 20.00- 9/26/03 20.03- 10/21/03 19.99- 11/24/03 20.00- 12/22/03 20.82- 1/22/04 19.95- 2/23/04 19.97- 3/22/04 20.20- 4/21/04 19.50- 5/18/04 19.71- 6/21/04 19.71- 7/21/04 19.87- 8/19/04 19.66- 9/20/04 9.77 PAWC SERVICE 5/17/01 22.14- 6/22/01 23.61- 7/19/01 23.18- 8/20/01 21.71- 9/20/01 24.67- 10/17/01 20.88- 11/19/01 23.36- 12/18/01 24.86- 1/18/02 22.45- 2/19/02 23.86- 3/19/02 23.74- 4/16/02 23.71- 5/17/02 24.24- 6/18/02 25.30- 7/16/02 23.77- 8/16/02 24.36- 773.35- - 55 - CLARENCE V IQdiJDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 9/19/02 25.94- 10/17/02 23.92- 11/21/02 27.66- 12/31/02 21.79- 1/21/03 26.11- 2/13/03 22.91- 3/17/03 25.58- 4/15/03 22.92- 5/20/03 23.99- 6/18/03 25.06- 7/16/03 23.49- 8/25/03 24.56- 9/16/03 24.03- 10/21/03 23.59- 11/17/03 23.59- 12/22/03 23.59- 1/16/04 24.33- 2/13/04 22.64- 3/16/04 23.28- 4/21/04 26.49- 5/21/04 23.61- 6/15/04 23.04- 7/22/04 26.52- 8/20/04 23.06- 9/21/04 17.89- 10/20/04 13.91- 11/04/04 15.64- 12/07/04 13.91 BANKCARD SERVICES MONTHLY CREDIT CARD BILL 4/27/01 99.71- 5/29/01 112.21- 6/29/01 170.33- 7/30/01 141.37- 8/29/01 191.39- 10/01/01 156.13- 10/29/01 185.18- 11/30/01 171.92- 12/31/01 170.58- 1/30/02 208.15- 12/30/02 160.58- 1/29/03 125.80- 2/28/03 151.72- 3/28/03 124.53- 4/30/03 137.42- 5/29/03 138.44- 6/27/03 100.37- 1/08/04 69.92- 1/30/04 250.00- 2/27/04 189.51- 4/02/04 248.06- 4/27/04 194.13- 5/28/04 429.13- 6/29/04 98.87- 991.07- - 56 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 7/30/04 236.16- MBNA AMERICA CREDIT CARD PAYMENT 2/27/02 160.93- 3/28/02 166.13- 4/25/02 143.53- 5/30/02 215.88- 6/27/02 185.09- 7/29/02 204.67- 8/29/02 -176.18- 9/26/02 160.83- 10/29/02 213.31- 11/29/02 151.98- PPL ELECTRIC UTILITIES MONTHLY ELECTRIC SERVICE 3/20/02 104.17- 4/09/02 94.84- 5/10/02 62.33- 6/12/02 52.03- 7/09/02 43.08- 8/08/02 47.10- 9/13/02 44.00- 10/09/02 39.00- 11/08/02 75.44- 12/20/02 73.72- 1/14/03 195.32- 2/10/03 171.93- 3/11/03 180.68- 4/09/03 106.29- 5/13/03 87.89- 6/10/03 28.28- 6/13/03 56.73- 7/14/03 48.60- 8/08/03 99.94- 9/05/03 120.42- 10/08/03 78.31- 11/14/03 108.81- 12/15/03 140.71- 1/14/04 244.81- 2/06/04 246.34- 3/12/04 180.07- 4/08/04 112.35- 5/07/04 146.01- 6/09/04 136.14- 7/09/04 92.43- 8/09/04 73.07- 8/31/04 44.03- AT&T TELEPHONE SERVICE 7/18/01 4.09- 4,261.61- 1.778.53- 3,334.87- - 57 - CLARENCE V I~iUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 10/17/01 5.92- 1/16/02 11.52- 4/16/02 12.93- 7/16/02 8.28- 10/17/02 5.15- 1/17/03 12.32- 4/15/03 16.62- 7/16/03 12.38- 10/21/03 25.19- 1/16/04 22.52- 4/20/04 37.72- 7/16/04 35.76- 9/28/04 35.01- GRISWOLD SPECIAL CARE CAREGIVER 5/15/03 30.00- 5/28/03 28.00- 5/28/03 28.00- 6/05/03 34.00- 6/09/03 18.00- 6/19/03 57.00- 6/30/03 78.00- 7/10/03 34.00- 7/18/03 42.50- 7/25/03 43.00- 7/31/03 35.00- 8/07/03 44.00- 8/12/03 8.00- 8/14/03 43.00- 8/20/03 50.00- 9/02/03 42.00- 9/12/03 79.00- 9/24/03 91.00- 10/09/03 99.00- 10/17/03 54.00- 10/23/03 37.00- 10/29/03 46.00- 11/06/03 45.00- 11/18/03 94.00- 11/19/03 72.00- 11/25/03 43.00- 12/09/03 108.00- 12/26/03 98.00- 1/05/04 91.00- 1/29/04 72.00- 1/29/04 55.00- 1/30/04 37.00- 2/05/04 19.00- 2/12/04 30.50- 2/20/04 93.00- 2/27/04 36.00- 3/04/04 55.00- 3/11/04 40.50- 3/18/04 88.00- 245.41- - 58 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 3/23/04 103.00- 3/31/04 39.00- 4/12/04 91.00- 4/23/04 86.00- 5/14/04 64.00- 5/20/04 133.00- 6/15/04 121.00- 6/25/04 49.00- 7/02/04 47.00- 7/09/04 38.00- 7/22/04 77.00- 7/28/04 40.00- 8/06/04 24.00- 8/12/04 51.00- 8/25/04 68.00- 9/10/04 40.00- 9/16/04 4.05- 9/30/04 78.00- 10/12/04 80.00- 10/26/04 51.50- 11/O1/04 51.50- 11/08/04 53.50- 11/18/04 52.50- 11/23/04 52.50- 11/29/04 55.00- 12/07/04 55.00- 12/21/04 57.50- 12/22/04 57.50- 1/06/05 65.50- 1/11/05 50.00- 1/11/05 5.00- 1/21/05 47.50- 1/26/05 62.50- 2/02/05 67.50- 2/10/05 67.50- 2/16/05 12.50- 2/22/05 65.00- 3/24/05 141.50- 4/18/05 138.50- 4/27/05 133.50- 5/13/05 143.00- 5/24/05 65.00- 6/01/05 87.50- 6/06/05 16.00- 6/10/05 55.00- 6/16/05 32.50- 6/27/05 112.00- 6/27/05 139.00- 7/06/05 124.00- 7/08/05 112.50- 7/19/05 47.00- 7/22/05 233.50- 8/02/05 237.00- 8/10/05 69.00- 8/16/05 69.00- 8/25/05 102.00- - 59 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INC01~ TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 8/31/05 202.00- 9/08/05 87.00- 9/21/05 245.50- 9/28/05 142.00- 10/06/05 139.50- 10/17/05 150.00- 10/19/05 163.25- 10/27/05 313.75- 11/03/05 309.25- 11/15/05 541.00- 12/07/05 544.60- 12/13/05 222.50- 12/14/05 129.25- 12/16/05 13.75- 12/23/05 242.50- 1/04/06 264.75- 1/05/06 265.48- 1/18/06 435.75- 1/19/06 343.50- 1/31/06 380.25- 2/06/06 336.00- 2/10/06 264.00- 2/16/06 362.25- 2/23/06 339.75- 3/01/06 379.50- 3/08/06 391.50- 3/15/06 369.00- 3/15/06 16.50- 4/03/06 376.50- 4/05/06 381.10- 4/11/06 395.25- 4/19/06 399.00- 4/27/06 366.75- 5/02/06 12.00- 5/16/06 732.00- 5/23/06 399.75- 5/30/06 378.75- 6/06/06 385.65- 6/14/06 342.60- 6/19/06 368.25- 6/29/06 384.00- 7/06/06 336.10- 7/06/06 15.00- 7/13/06 479.20- 7/18/06 297.00- 7/20/06 82.50- 7/25/06 294.75- 7/26/06 36.00- 7/27/06 82.50- 8/04/06 377.25- 8/08/06 311.25- 8/11/06 66.00- 8/16/06 294.75- 8/18/06 100.50- 8/22/06 275.25- 8/25/06 82.50- - 60 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 8/30/06 294.75- 9/08/06 360.75- 9/12/06 311.25- 9/15/06 82.50- 9/20/06 294.75- 9/22/06 66.00- 9/26/06 ~ 294.75- 9/28/06 66.00- 10/03/06 322.62- 10/12/06 84.75- 10/17/06 306.00- 10/25/06 291.75- 10/31/06 285.00- 11/02/06 82.50- 11/09/06 294.75- 11/09/06 75.00- 11/15/06 291.00- 11/17/06 75.75- 11/21/06 294.75- 11/22/06 49.50- 11/27/06 356.25- 11/30/06 82.50- 12/05/06 301.50- 12/13/06 283.50- 12/19/06 342.85- 12/27/06 333.75- 1/05/07 379.50- 1/11/07 330.00- 1/16/07 357.75- 1/22/07 356.25- 1/30/07 377.25- 2/08/07 367.50- 2/14/07 318.62- 2/28/07 542.55- 3/07/07 318.00- 3/12/07 318.00- 3/23/07 301.50- 3/28/07 321.75- 4/04/07 381.00- 4/11/07 345.00- 4/17/07 288.00- 4/24/07 310.50- 5/01/07 29.1.75- 5/08/07 258.00- 5/15/07 236.25- 5/22/07 187.50- 5/29/07 207.00- 6/05/07 222.75- 6/13/07 229.50- 6/19/07 219.00- 6/26/07 217.50- 7/03/07 219.00- 7/16/07 204.00- 7/18/07 317.25- 7/24/07 223.50- 36.534.42- - 61 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN THE PATRIOT NEWS SUBSCRIPTION 11/14/02 34.40- 12/27/02 111.80- 6/12/03 111.80- 12/24/03 111.80- 6/15/04 111.80- 12/16/04 111.80- 6/28/05 70.20- 10/31/05 32.05 KAREN KNUDSEN REIMBURSE EXPENSES 7/16/03 238.04- 7/18/03 134.84- 8/07/03 431.96- 10/22/03 104.73- 10/22/03 389.57- 12/02/03 300.00- 3/07/05 435.14- 10/03/05 558.17- 1/16/07 200.00- LINDA WILLIAMS IN HOME CARE PROVIDER 5/15/03 115.82- 5/28/03 91.42- 5/28/03 106.72- 6/09/03 71.49- 6/19/03 183.82- 6/30/03 298.42- 7/10/03 119.13- 7/18/03 133.90- 7/25/03 134.50- 7/31/03 110.50- 8/07/03 132.00- 8/14/03 110.50- 8/20/03 113.00- 9/02/03 119.50- 9/12/03 238.50- 9/24/03 294.00- 10/09/03 248.50- 10/17/03 173.00- 10/23/03 127.50- 10/29/03 149.00- 11/06/03 140.50- 11/18/03 227.00- 11/25/03 135.05- 12/09/03 190.00- 12/26/03 317.54- 1/05/04 298.50- 1/13/04 97.30- 1/29/04 123.60- 631.55- 2.792.45- - 62 - CLARENCE V KN[TDSEN 27-27-001-3893753 DISTRIBUTIONS OF INC01~ TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSBN 1/30/04 116.50- 2/05/04 62.50- 2/12/04 99.47- 2/20/04 116.50- 2/27/04 127.10- 3/04/04 170.50- 3/11/04 138.92- 3/18/04 89.00- 3/23/04 122.50- 3/31/04 138.50- 4/12/04 291.30- 4/23/04 126.60- 5/20/04 514.25- 6/15/04 325.45- 6/25/04 161.50- 7/02/04 157.50- 7/09/04 125.00- 7/22/04 289.79- 8/12/04 217.50- 9/10/04 249.00- 9/16/04 167.75- 10/12/04 240.00- 10/12/04 245.00- 10/26/04 189.25- 11/01/04 189.25- 11/08/04 195.75- 11/23/04 204.75- 11/29/04 214.50- 12/07/04 214.50- 12/21/04 224.25- 12/22/04 267.04- 1/06/05 263.25- 1/11/05 224.25- 1/21/05 185.25- 1/26/05 243.75- 2/02/05 263.25- 2/10/05 263.25- 2/16/05 282.75- 2/22/05 253.50- 3/24/05 575.25- 3/31/05 228.75- 4/12/05 525.75- 4/27/05 503.25- 5/13/05 483.15- 5/16/05 344.85- 5/24/05 263.00- 6/01/05 321.75- 6/10/05 253.11- 6/27/05 539.99- 7/08/05 520.49- 7/22/05 463.11- 8/02/05 484.35- 8/25/05 254.61- 8/31/05 525.38- 9/21/05 331.84- 9/28/05 255.36- - 63 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARFNCE KNUDSEN 10/06/05 319.86- 10/17/05 258.75- 10/19/05 201.75- 10/27/05 261.36- 11/03/05 325.86- 11/15/05 546.72- 12/07/05 276.49- 12/14/05 521.38- 12/23/05 546.72- 1/04/06 273.36- 1/18/06 563.96- 1/19/06 271.55- 1/31/06 543.10- 2/06/06 271.55- SUSAN AULT IN HOME CARE PROVIDER 8/12/03 24.00- 8/14/03 24.00- 8/20/03 48.00- BRENDA HERRMAN IN HOME CARE PROVIDER 9/02/03 24.00- 9/12/03 24.00- 9/24/03 24.00- MARY JANE KNIGHT CAREGIVER 6/27/05 484.50- 7/06/05 426.00- 7/19/05 154.50- 7/22/05 283.50- 8/02/05 467.00- 8/10/05 271.50- 8/16/05 130.50- 8/31/05 271.50- 9/08/05 193.50- 9/21/05 438.00- 9/28/05 271.50- 10/06/05 174.00- 10/17/05 310.50- 10/19/05 217.90- 10/27/05 310.50- 11/03/05 237.00- 11/15/05 474.00- 12/07/05 596.28- 12/13/05 202.50- 12/23/05 202.50- 1/04/06 96.00- 1/05/06 343.52- 1/18/06 197.00- 1/19/06 299.50- 24,627.78- 96.00- 72.00- - 64 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INC01~ TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 1/31/06 235.00- 2/06/06 235.00- 2/16/06 261.50- 2/23/06 224.25- 3/01/06 423.50- 3/08/06 245.28- 3/15/06 ~ 384.96- 3/23/06 212.17- 4/03/06 439.15- 4/05/06 315.08- 4/11/06 385.20- 4/19/06 324.90- 5/02/06 245.20- 5/16/06 554.90- 5/23/06 384.95- 5/30/06 324.90- 6/06/06 457.80- 6/14/06 338.40- 6/19/06 19.90- 6/19/06 402.90- 6/29/06 338.40- 7/06/06 402.90- 7/13/06 393.60- 7/18/06 402.90- 7/25/06 338.40- 8/03/06 402.90- 8/08/06 ~ 402.90- 8/16/06 402.90- 8/22/06 338.40- 8/30/06 456.65- 9/08/06 402.90- 9/12/06 402.90- 9/20/06 402.90- 9/26/06 402.90- 10/03/06 392.15- 10/11/06 402.40- 10/17/06 338.40- 10/25/06 402.90- 10/31/06 338.40- 11/09/06 402.90- 11/15/06 377.85- 11/21/06 515.70- 11/27/06 507.40- 12/05/06 402.90- 12/13/06 402.90- 12/19/06 402.90- 12/27/06 338.60- 1/04/07 388.78- 1/11/07 394.75- 1/16/07 51.42- 1/16/07 403.14- 1/22/07 338.70- 1/30/07 403.20- 2/08/07 338.70- 2/14/07 403.20- 2/28/07 741.90- - 65 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCB KNUDSEN 3/06/07 338.70- 3/12/07 628.50- 3/23/07 520.90- 3/27/07 451.20- 4/04/07 338.40- 4/11/07 451.20- 4/17/07 338.40- 4/24/07 451.20- 5/08/07 451.20- 5/15/07 451.48- 5/22/07 338.40- 5/29/07 504.20- 6/05/07 506.40- 6/13/07 499.87- 6/19/07 472.80- 6/26/07 338.40- 7/03/07 564.00- 7/16/07 451.20- 7/18/07 506.40- 7/24/07 451.20- 8/23/07 338.40- JOY FLOYD CAREGIVER SERVICES 11/03/05 354.28- 11/16/05 216.70- 12/07/05 248.57- 12/13/05 206.40- 12/23/05 130.01- 1/04/06 216.14- 1/05/06 241.87- 1/18/06 131.13- 1/19/06 59.13- 1/31/06 125.75- 2/06/06 146.30- 2/10/06 118.20- 2/15/06 36.00- 2/23/06 154.20- 3/01/06 59.10- 3/15/06 36.00- 4/03/06 213.30- 4/27/06 32.25- 5/02/06 43.00- 2/28/07 59.10- EMELIA SANTIAGO CAREGIVER SERVICES 1/04/06 48.74- 1/18/06 72.00- 4/11/06 213.30- 4/19/06 188.00- 4/27/06 231.05- 5/02/06 177.30- 5/16/06 537.30- 37,041.33- 2,827.43- - 66 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUBD: FOR ACCOUNT OF CLARENCE KNUDSEN 5/23/06 288.55- 5/30/06 295.50- 6/06/06 177.30- 6/14/06 236.40- 6/19/06 236.40- 6/29/06 354.60- 7/13/06 124.00- 11/09/06 36.00- KATHY PRATT CAREGIVER SBRVICES 10/09/03 72.00- 11/19/03 216.00- 12/09/03 144.00- 1/29/04 216.00- 3/18/04 111.00- 3/23/04 192.00- 4/26/04 144.00- 5/14/04 168.00- 1/05/06 32.50- 1/18/06 59.13- BERNADETTE CROSSON CAREGIVER 8/16/05 19.50- 9/08/05 117.00- 10/19/05 87.75- 12/13/05 37.90- 1/19/06 36.00- 3/01/06 36.00- 3/15/06 36.00- 3/23/06 43.00- 4/05/06 108.00- 4/11/06 72.00- 4/19/06. 108.00- 7/06/06 78.00- 10/03/06 42.00- 10/17/06 69.10- 10/25/06 36.00- 11/27/06 36.00- 12/05/06 36.00- DONA FOREMAN CAREGIVER 9/21/05 24.00- 11/16/05 32.50- 12/07/05 53.62- 1/19/06 118.26- 3/01/06 102.24- 3/15/06 118.20- 4/03/06 72.00- 4/11/06 177.30- 4/19/06 59.10- 3,216.44- 1,354.63- 998.25- - 67 - CLARENCE V I~iTJDSEN DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE IO`IUDSEN 4/27/06 59.10- 6/06/06 66.00- 6/16/06 59.13- LYNN WILLIAMS CAREGIVER 1/19/06 180.00- 2/16/06 33.10- GEM CARRYL CAREGIVER 11/15/05 107.20- 12/13/05 97.50- 1/04/06 97.50- 1/19/06 111.25- 1/31/06 174.26- 2/06/06 66.20- 2/10/06 180.00- 2/15/06 72.00- 2/23/06 95.10- 3/01/06 36.00- 3/08/06 157.60- 4/03/06 95.10- 4/05/06 72.00- 4/11/06 36.00- 4/27/06 72.00- 5/16/06 136.50- 5/23/06 95.10- 5/30/06 72.00- 6/06/06 72.00- 6/14/06 72.00- 6/19/06 72.00- 6/29/06 95.13- 7/06/06 36.00- 7/13/06 131.10- 7/18/06 108.00- 7/25/06 144.00- 7/26/06 131.10- 8/03/06 72.00- 8/08/06 72.00- 8/16/06 72.00- 8/22/06 36.00- 8/30/06 72.00- 9/08/06 72.00- 9/12/06 72.00- 9/26/06 36.00- 10/03/06 36.00- 11/15/06 21.50- 12/13/06 36.00- 12/19/06 236.40- 12/27/06 236.40- 1/04/07 236.40- 1/11/07 265.85- 1/16/07 295.62- 27-27-001-3893753 941.45- 213.10- - 68 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 1/22/07 236.40- 1/30/07 295.50- 2/08/07 295.50- LINDA GOLDHART CAREGIVER SERVICES 10/27/05 151.10- 11/15/05 86.10- 12/07/05 419.25- 12/13/05 149.53- 12/23/05 32.50- 1/05/06 199.05- 1/18/06 249.39- 1/19/06 177.39- 1/31/06 177.30- 2/06/06 177.30- 2/10/06 118.20- 2/16/06 131.10- 2/23/06 154.20- 3/01/06 95.10- 3/08/06 154.20- 3/15/06 154.20- 3/23/06 95.10- 3/23/06 19.87- DEB STOPPER CAREGIVERS SERVICE 11/25/05 41.62- 12/05/05 50.00- 12/07/05 53.62- 1/31/06 26.50- TERRY COMERER CAREGIVER 12/13/05 58.50- 1/04/06 170.63- 1/18/06 129.00- 1/31/06 129.00- 2/06/06 64.50- 2/10/06 64.50- 2/16/06 64.50- 2/23/06 64.50- 3/08/06 64.50- 4/05/06 64.50- 6/12/06 64.50- 6/12/06 64.50- 6/14/06 129.00- 6/19/06 64.50- 6/29/06 129.00- 7/13/06 129.00- 7/18/06 64.50- 7/25/06 129.00- 8/03/06 64.50- 5,330.21- 2,740.88- 171.74- - 69 - CLARENCE V I~iUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 8/08/06 64.50- 8/16/06 64.50- 8/16/06 64.50- 8/22/06 129.00- 8/30/06 64.50- 9/08/06 64.50- 9/12/06 64.50- 9/20/06 64.50- 9/26/06 64.50- 10/03/06 129.00- 10/11/06 64.50- 10/17/06 64.50- 10/25/06 64.50- 10/31/06 129.00- 11/09/06 64.50- 11/15/06 129.00- 11/21/06 64.50- 11/27/06 129.00- 12/13/06 64.50- 12/19/06 64.50- 12/27/06 158.42- 1/04/07 64.50- 1/11/07 64.50- 1/16/07 64.50- 1/22/07 129.00- 1/30/07 64.50- 2/08/07 64.50- 2/14/07 64.50- 2/28/07 129.00- 3/07/07 64.50- 3/12/07 64.50- 3/23/07 64.50- 3/27/07 64.50- 4/04/07 107.50- 4/11/07 160.00- 4/17/07 107.50- 4/24/07 107.50- 5/01/07 107.50- 5/08/07 107.50- 5/15/07 64.50- 5/22/07 107.50- 6/05/07 64.50- 6/13/07 150.50- 6/19/07 107.50- 6/26/07 215.00- 7/03/07 107.50- 7/16/07 53.75- 7/18/07 215.00- 7/24/07 10.75- CATHY DEHAVEN PERSONAL CAREGIVER 1/29/04 24.00- 7/22/05 178.48- 8/16/05 97.50- 6.180.55- - 70 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INC01~ TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 8/25/05 65.00- 10/19/05 58.50- 11/25/05 52.00- 12/07/05 167.75- 1/18/06 36.00- 2/06/06 118.26- LUCILLE PHILLIPS CAREGIVER SERVICES 1/04/06 32.50- 1/31/06 96.76- 2/06/06 118.20- 2/10/06 79.00- 2/10/06 118.20- 2/16/06 161.20- 3/01/06 235.20- 3/08/06 177.30- 3/15/06 59.10- 3/23%06 354.60- 4/03/06 118.20- 5/02/06 95.10- 6/19/06 95.10- 7/13/06 36.00- 12/19/06 42.00- 12/27/06 67.50- 1/04/07 88.55- 1/11/07 73.60- 2/28/07 84.00- 4/04/07 51.00- 4/24/07 36.00- 7/18/07 112.80- REBEKKA STERLING PERSONAL CAREGIVER 2/16/06 344.00- 2/16/06 59.10- 2/23/06 59.10- 2/23/06 311.75- 3/01/06 258.00- 3/08/06 344.00- 3/08/06 59.10- 3/23/06 344.00- 4/03/06 258.00- 4/05/06 317.10- 4/05/06 59.10- 4/11/06 403.10- 4/19/06 258.00- 4/19/06 59.10- 4/27/06 344.00- 5/02/06 344.00- 5/16/06 747.10- 5/23/06 344.00- 5/30/06 258.00- 4/04/07 177.30- 797.49- 2.331.91- - 71 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 4/11/07 59.10- ELLEN TYLER CAREGIVER SERVICES 2/10/06 136.50- 2/10/06 36.00- 2/16/06 72.00- 2/23/06 64.50- 3/08/06 64.50- 3/08/06 72.00- 3/23/06 72.00- 3/23/06 64.50- 4/03/06 108.00- 4/05/06 36.00- 4/11/06 36.00- JANET DEYA PERSONAL CAREGIVER 11/25/05 32.50- 12/07/05 65.00- 2/16/06 36.00- 2/23/06 72.00- 3/01/06 36.00- 3/08/06 36.00- 3/15/06 72.00- 3/23/06 108.00- 4/11/06 36.00- 4/19/06 36.00- 4/27/06 36.00- 5/02/06 36.00- 5/16/06 108.00- 5/30/06 72.00- KRISTIN CUGINI CAREGIVER 4/19/06 36.00- 4/27/06 144.00- 5/02/06 144.00- 5/16/06 252.00- 5/23/06 203.10- 5/30/06 72.00- 6/06/06 169.00- 6/14/06 174.00- 6/19/06 144.00- 6/29/06 180.00- 7/06/06 108.00- 7/13/06 95.10- ROSE BAIR CAREGIVER 4/05/06 42.00- 4/05/06 177.30- 5.406.95- 762.00- 781.50- 1,721.20- - 72 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INC01~ TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 4/19/06 147.10- 5/02/06 95.10- 5/16/06 177.30- 5/23/06 59.10- 5/30/06 118.20- 6/06/06 118.20- 6/14/06 118.20- 6/19/06 59.10- 6/29/06 59.10- 7/06/06 59.10- 7/13/06 59.10- 7/18/06 118.20- 7/25/06 118.20- 8/03/06 118.20- 8/08/06 177.30- 8/16/06 118.20- 8/22/06 118.20- 8/30/06 118.20- 9/08/06 118.20- 9/12/06 177.30- 9/20/06 154.20- 9/26/06 118.20- 10/03/06 177.30- 10/11/06 154.20- 10/17/06 154.20- 10/25/06 118.20- 10/31/06 154.20- 11/09/06 118.20- 11/15/06 154.20- 11/21/06 118.20- 11/27/06 265.80- 12/05/06 118.20- HEATHER SCHUL CAREGIVER 7/06/06 236.40- 7/13/06 144.00- 7/18/06 151.00- 7/25/06 108.00- 8/03/06 180.00- 8/08/06 180.00- 8/16/06 180.00- 8/22/06 144.00- 8/30/06 180.00- 9/08/06 180.00- 9/12/06 180.00- 9/20/06 216.00- 9/26/06 216.00- 10/03/06 216.00- 10/11/06 144.00- 10/17/06 180.00- 10/25/06 216.00- 10/31/06 180.00- 11/09/06 216.00- 11/15/06 180.00- 4,276.00- - 73 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCO1~ TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 11/21/06 180.00- 11/27/06 198.00- 12/05/06 180.00- 12/13/06 180.00- 12/19/06 144.00- 12/27/06 144.00- 1/04/07 108.00- 1/16/07 180.00- 1/22/07 180.00- 1/30/07 252.00- 2/08/07 216.00- 2/14/07 180.00- 2/28/07 432.00- 3/07/07 216.00- 3/12/07 334.20- 3/23/07 180.00- 3/28/07 252.00- 4/04/07 252.00- 4/11/07 198.00- 4/17/07 144.00- 4/24/07 108.00- 5/01/07 144.00- 5/08/07 144.00- 5/15/07 108.00- EVA RAVENELL CAREGIVER 6/19/06 86.00- 6/29/06 225.60- 7/06/06 225.60- 7/13/06 182.60- 7/18/06 225.60- 7/25/06 225.60- 8/03/06 ~ 225.60- 8/08/06 225.60- 8/16/06 112.80- 8/22/06 225.60- 8/30/06 171.90- 9/08/06 225.60- 9/12/06 225.60- 9/20/06 225.60- 9/26/06 225.60- 10/03/06 171.90- 10/11/06 36.00- 10/11/06 220.30- 10/17/06 290.10- 10/25/06 214.90- 10/31/06 225.60- 11/09/06 225.60- 11/15/06 225.60- 11/21/06 112.80- 12/05/06 290.10- 12/13/06 225.60- 12/19/06 29.10- 12/27/06 161.20- 8.281.60- - 74 - CLARSNCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INC01~ TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 1/11/07 330.20- 1/16/07 225.76- 1/22/07 220.40- 1/30/07 225.80- 2/08/07 290.30- 2/14/07 225.80- 2/28/07 225.80- 3/06/07 225.75- 3/27/07 112.80- 4/04/07 225.60- 4/11/07 225.60- 4/17/07 225.60- 4/24/07 112.80- 5/08/07 225.60- 5/15/07 225.74- 5/22/07 225.60- 5/29/07 225.60- 6/05/07 225.60- 6/19/07 225.60- 6/26/07 225.60- 7/16/07 225.60- HELEN KOCHER CAREGIVER 5/16/06 64.50- 6/06/06 33.10- 6/14/06 66.20- 6/19/06 66.20- GWENDOLYN LINTON CAREGIVER 9/21/05 97.50- 10/27/05 58.50- 11/15/05 65.00- 7/06/06 53.75- 7/13/06 322.48- 7/20/06 295.60- 7/27/06 295.60- 8/03/06 295.60- 8/11/06 236.48- 8/18/06 362.23- 8/25/06 295.60- 8/31/06 295.60- 9/08/06 236.48- 9/15/06 295.60- 9/22/06 236.56- 9/28/06 236.48- 10/06/06 236.48- 10/12/06 304.98- 10/19/06 295.60- 10/27/06 295.60- 11/02/06 295.60- 11/09/06 268.73- 11/17/06 272.48- 10.140.85- 230.00- - 75 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 11/22/06 177.36- 11/30/06 295.60- 12/06/06 59.12- 6,180.61- BARBARA CROUT CAREGIVER 10/06/05 58.50- 11/15/05 149.50- 11/15/05 32.50- 11/25/05 107.24- 12/16/05 53.60- 1/05/06 54.00- 455.34- CAROL CHRONISTER CAREGIVER 9/21/05 39.00- 10/27/05 107.25- 11/03/05 53.63- 11/15/05 32.50- 11/25/05 118.62- 12/07/05 86.12- 2/10/06 72.00- 4/05/06 95.10- 4/11/06 36.00- 5/02/06 36.00- 676.22- MARY HOGAN CAREGIVER 6/15/04 87.51- 7/28/04 125.03- 8/12/04 24.00- 236.54- LISA SAKSEK CAREGIVER 12/19/06 161.10- 12/19/06 59.10- 12/27/06 59.10- 1/04/07 59.10- 1/04/07 214.90- 1/11/07 59.10- 1/22/07 59.10- 4/04/07 102.10- 4/17/07 102.10- 5/01/07 306.30- 1,182.00- PATRICIA THOMAS CAREGIVER 1/04/07 67.15- 1/16/07 118.20- 1/22/07 118.20- 1/30/07 118.20- - 76 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCO1~ TO BEN EFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE IQdUDSEN 2/08/07 118.20- 2/14/07 118.24- 2/28/07 177.32- 3/07/07 118.24- 3/12/07 118.20- 3/23/07 154.24- 3/28/07 118.20- 4/04/07 118.20- 4/11/07 147.10- 4/17/07 118.20- 4/24/07 190.20- 5/01/07 154.20- 2,072.29- TANISHA EDWARDS CAREGIVER 10/19/05 58.50- 10/27/05 234.00- 11/15/05 193.30- 485.80- STEPHANIE JAISINGH CAREGIVER 11/03/05 65.00- 11/15/05 128.60- 12/13/05 53.63- 1/05/06 88.70- 335.93- LINA LEERY CAREGIVER 4/19/06 96.00- 5/02/06 129.00- 5/30/06 64.50- 6/06/06 128.00- 417.50- DORIS SAMPSON CAREGIVER 4/19/06 36.00- 6/13/07 86.00- 7/03/07 112.80- 7/24/07 338.40- 573.20- PATTY TAYLOR CAREGIVER 11/03/05 32.50- 7/06/06 64.50- 7/13/06 43.00- 7/13/06 26.50- 166.50- MARIAN LITWIN CAREGIVER 10/27/05 32.50- - 77 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 11/03/05 97.50- 11/25/05 32.50- 162.50- LOWER ALLEN FIRE COMPANY NO 1 ANNUAL CONTRIBUTION 8/26/03 25.00- 1/13/04 55.00- 4/19/05 65.00- 2/23/06 65.00- 210.00- PA CHIEFS OF POLICE ASSOCIATION ANNUAL PLEDGE 11/13/03 12.00- 4/28/04 14.00- 26.00- STATE WORKERS INSURANCE FUND WORKERS COMPENSATION APPLICATION FOR IN HOME CAREGIVER SERVICES 6/01/06 1,157.24- 7/26/06 22.76- 5/18/07 1,439.00- . 2,619.00- ROYERS FLOWERS SERVICES 12/09/03 29.44- 8/31/04 25.44- 8/26/05 25.44- 11/03/06 25.44- 105.76- PENNA DEPARTMENT OF R13VENUE INDIVIDUAL INCOME TAX BALANCE AND INSTAr.r.~rrr pAYMENTS 12/19/01 38.10- 6/04/02 42.23- 8/12/03 35.82- 4/01/05 87.00- 4/07/06 383.00- 4/09/07 640.00- 4/09/07 464.00- . 1.690.15- 6/28/01 ASHWAY HAAR FLrr•r.~zR PREPARATION OF 2000 TAX RETURN 1,005.00- 7/10/02 ASHWAY AND HAAR PREPARATION OF 2001 TAXES 697.50- - 78 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 12/30/03 DAVID C KNUDSEN REIMBURSE CREGIVERS BONUSES 210.00- 1/29/04 DOROTHY PASCALE PERSONAL IN HOME CARE PROVIDER 24.00- 5/14/04 CATHY SOUDERS PERSONAL IN HOME CARE PROVIDER 24.00- 2/11/05 KILMORE EYE ASSOCIATES PROFESSIONAL SERVICES RENDERED 44.36- 2/14/05 PAUL R KNUDSEN REIMBURSE PURCHASE OF EYE GLASSES 49.95- 2/28/05 KILMORE EYE ASSOCIATES PROFESSIONAL SERVICES 44.36- 5/16/05 WEST SHORE EMS-BLS AMBULANCE SERVICE 89.60- 6/06/05 NANCY NOSS PERSONAL IN HOME CARE PROVIDER 48.00- 6/22/05 DAVID C IQ~IUDSEN REIMBURSE PURCHASE OF EYEGLASSES 286.85- 6/27/05 PULMONARY & CRITICAL CARE PROFESSIONAL SERVICES 10.85- 8/25/05 MANDY HETRICK PERSONAL IN HOME CARE PROVIDER 48.00- 9/21/05 RANDA GRISWOLD PERSONAL IN HOME CARE PROVIDER 58.50- 10/27/05 SHIANNE JOHNSON PERSONAL IN HOME CARE PROVIDER 32.50- - 79 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCB KNUDSEN 11/15/05 BEA BONILLA PERSONAL CARE 53.60- 11/25/05 TAMMY SINGH PERSONAL CAREGIVER 118.62- 12/05/05 LINDA GOLDHART CHRISTMAS BONUS 50.00- JOY FLOYD CHRISTMAS BONUS 50.00- MARY JANE KNIGST CHRISTMAS BONUS 100.00- LINDA WILLIAMS CHRISTMAS BONUS 150.00- 12/07/05 MARTY WARNE PERSONAL CAREGIVER 65.00- 1/04/06 TERESA FOLEY PERSONAL CARE GIVER 45.00- 1/18/06 CONNIE MATT CAREGIVER SERVICES 59.13- 2/06/06 BARBARA WAGNER PERSONAL CAREGIVER 64.50- 2/10/06 MARY POPP PERSONAL CAREGIVER 36.00- 2/24/06 FAMILY EYE CARE PC EYE CARE SERVICES 15.00- 3/15/06 TAKILA MCCOLLUM PERSONAL CAREGIVER 59.10- 4/05/06 SUZANNE KEENER CAREGIVER SERVICES 59.10- - 80 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 4/18/06 MEDI-CLAIM PROFESSIONAL SERVICES RENDERED 280.00- BRICE D ARNDT FAMILY DENTISTRY DENTAL SERVICES 57.00- 4/19/06 DOROTHY WILLIAMS CAREGIVER 64.50- 5/23/06 SELENA MOORE CAREGIVER 36.00- 6/06/06 j~'1'HT.F.RN KUSH CAREGIVER 86.00- 6/14/06 SANDRA HOFFLER CAREGIVER 86.00- 6/19/06 CAROLYN BUCHER CAREGIVER 86.00- 7/13/D6 WILDEMAN & OBROCK CPA TAX PREPARATION FEE 595.00- 7/26/06 A BAILEY WOOD DENTAL SERVICES 410.00- 8/16/06 TERESA FOLEY CAREGIVER 112.80- 11/21/06 MI~T.T.R JACKSON CAREGIVER 72.00- 11/27/06 TERESA LILLICH CAREGIVER 64.50- KALEANA LEESE CAREGIVER 48.30- LUZ DIPUTADO CAREGIVER 36.00- - 81 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNUDSEN 11/28/06 MARY JANE KNIGHT HOLIDAY BONUS 250.00- GWEN LINTON HOLIDAY BONUS 200.00- HEATHER SCHUL HOLIDAY BONUS 125.00- EVA RAVENELL HOLIDAY BONUS 125.00- ROSE BAIR HOLIDAY BONUS 100.00- TERRY COMERER HOLIDAY BONUS 50.00- BETHANY VILLAGE SPECIAL COLLECTION 75.00- 12/05/06 MELANIE ALLBRITTON CAREGIVER 59.10- 12/13/06 MARTY WARNE CAREGIVER 112.85- 12/19/06 LEIGH MACK CAREGIVER 64.50- 12/27/06 JORDAN PENTZ CAREGIVER 36.00- 1/02/07 HOLY SPIRIT HOSPITAL SERVICES RENDERED 4,318.98- 1/04/07 JORDAN PENTZ CAREGIVER 36.00- 1/11/07 SHAWN SEIROTOWICZ CAREGIVER 36.00- 2/14/07 ROBIN WINKLER CAREGIVER 85.00- - 82 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES CONTINUED: FOR ACCOUNT OF CLARENCE KNTJDSEN 2/15/07 CHARLOTTE KNUDSEN REIMBUSE DENTAL EXPENSES 75.00- 2/28/07 WENDY ECKEIdRODE CAREGIVER 84.00- . 3/06/07 MOLLY HECKARD CAREGIVER 64.50- 3/07/07 CAROL EARL CAREGIVER 118.20- 3/09/07 M®I -CLAIM PROFESSIONAL SERVICES RENDERED 280.00- 3/23/07 LOUISE BRESKI CAREGIVER 118.20- MILLIE BURGER CAREGIVER 43.00- 3/27/07 ARRETTA THOMAS CAREGIVER 59.10- LOUISE BRESKI CAREGIVER 102.10- 4/24/07 NANCY KUHN CAREGIVER 112.80- 6/05/07 WEST SHORE ANESTHESIA PROFESSIONAL SERVICES RENDERED 497.00- 6/13/07 RUTH TAYLOR CAREGIVER 86.00- 6/27/07 WILDEMAN & OBROCK CPA TAX PREPARATION FEE 495.00- 562,616.33- - 83 - CLARENCE V KNUDSEN 27-27-001-3893753 DISTRIBUTIONS OF INCOME TO BENEFICIARIES PNC BANK NATIONAL ASSOCIATION AND DAVID C KNUDSEN TRUSTEES UNDER THE AGREEMENT OF TRUST OF RUTH RNUDSEN DATED 03/06/01 2/13/08 INCOME EARNED FROM 10/6/07 TO 10/26/07 TRANSFER TO RUTH KNUDSEN TRUST 915.67- 915.67- TOTAL INCOME DISTRIBUTIONS 563,532.00- - 84 - CLARENCE V KNUDSEN 27-27-001-3893753 BALANCE OF INCOME ON HAND VALUE ACQUISITION 7/07/08 VALi~E INVESTED CASH 13,090.64 13,090.64 TOTAL INCOME 13,090.64 13.090.64 PNC BANK NATIONAL ASSOCIATION BY ~~ ~ -~, DEBRA SMITH AS STANT VICE PRESIDENT DAVID KNUDSEN - 85 - VERIFICATION DEBRA A SMITH ASSISTANT VICE PRESIDENT OF PNC BANK, NATIONAL ASSOCIATION ONE OF THE TRUSTEES UNDER THE DEED CLARENCE KNUDSEN DECEASED, HEREBY DECLARES UNDER OATH THAT THE TRUSTEES HAVE FULLY AND FAITHFULLY DISCHARGED THE DUTIES OF THEIR OFFICE; THAT THE FOREGOING FIRST AND FINAL ACCOUNT IS TRUE AND CORRECT AND FULLY DISCLOSES ALL SIGNIFICANT TRANSACTIONS OCCURRING DURING THE ACCOUNTING PERIOD; THAT ALL KNOWN CLAIMS AGAINST THE TRUST HAVE BEEN PAID IN FULL; THAT, TO THEIR KNOWLEDGE THERE ARE NO CLAIMS NOW OUTSTANDING AGAINST THE TRUST; AND THAT ALL TAXES PRESENTLY DUE FROM THE TRUST HAVE BEEN PAID. THIS STATEMENT IS MADE SUBJECT TO THE PENALTIES OF 18 PA. C.S.A. SECTION 4904 RELATING TO UNSWORN FALSIFICATION TO AUTHORITIES. ~ ~ ~~ DEBRA A SMITH DATED : ~ ~ 5 D~ - 86 - 3893753 .FOR THE PURPOSE OF DISTRIBUTION EXHIBIT 1 THE FOLLOWING SECURITIES HAVE BEEN REVALUED AS OF 10/16/07 SHARES/ ACCOUNT VALUE PAR SECURITY NAME VALUE 10/16/07 DIFFERENCE 100 SAS BARD C R INC COMMON 6.307.00 8,787.00 2,480.00 1,200 SHS CARLISLE COMPANIES INC 24,862.80 58.878.00 34,015.20 COMMON 200 SHS ITT INDS INC COMMON 8.351.00 13,426.00 5,075.00. 100 SHS PPL ELECTRIC UTILITIES CORP 6.259.40 8.230.00 1,970.60 PFD 4.40% 1,372 SHS PEPCO HOLDINGS INC COMMON 22,536.18 37,983.82 15,447.64 1.000 SHS SPRINT NEXTEL CORP COMMON 28.959.15 19,285.00 9,674.15- 100 SHS STRYKER CORP COMMON 4,707.00 7,299.00_ 2,592.00 1,000 SHS U G I HOLDING CORP COMMON 7,676.80 26,115.00 18,438.20 800 SHS VERIZON COMMUNICATIONS INC 35,788.47 36,532.00 743.53 COMMON ------------- ------------- ------------- 145.447.80 216,535.82 71,088.02 - 87 - COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNYSLVANIA ORPHANS' COURT DIVISION Docket No: 21-2000-0831 IN RE: FIRST AND FINAL ACCOUNT OF PNC BANK, NATIONAL ASSOCIATION, AND DAVID C. KNUDSEN., TRUSTEES FOR THE ESTATE OF FOR THE TRUST ESTABLISHED UNDER THE AGREEMENT OF CLARENCE V. KNUDSEN, SETTLOR DATED 03/06/01 AND PETITION FOR ADJUDICATION/STATEMENT OF PROPOSED DISTRIBUTION ORDER OF COURT AN NOW, this 26th day of August, 2008, the herein account is confirmed absolutely and distribution is decreed in accordance with the proposed schedule of distribution herewith. -~ __ r . - ~ .~~~ i_~ ,~ _ _ i. ~'- uv ~ru~ ~ni Tu-r COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX BUREAU OF INDIVIDUAL TAXES ppPRAISEMENT, ALLOWANCE OR DISALLOWANCE INHERITANCE TAX DIVISION OF DEDUCTIONS AND ASSESSMENT OF TAX PO BOX 280601 HARRISBURG PA 17128-0601 REY-1547 EX AFP (06-05) DATE 10-21-2008 ... ~, .f ._. ESTATE OF KNUDSEN CLARENCE V DATE OF DEATH 10-05-2007 FILE NUMBER 21 00-0831 "~'r COUNTY CUMBERLAND JEFFREY R BOSWELL ESt1 - ACN 101 BOSWELL ETAL APPEAL DATE: 12-20-2008 PO BOX 741 (See reverse side under Objections) HBG PA 17108 Amount Remitted- l MAKE CHECK PAYABLE AND REMIT PAYMENT T0: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~-~- RETAIN LOWER PORTION FOR YOUR RECORDS E- ------------------------------------------------------------------------------------------- REV-1547 EX AFP (03-05) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF KNUDSEN CLARENCE V FILE N0. 21 00-0831 ACN 101 DATE 10-21-2008 TAX RETURN WAS: C X) ACCEPTED AS FILED ( ) CHANGED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) (1) .00 NOTE: To insure proper credit to your account, 2. Stocks and Bonds (Schedule B) C2) .00 3. Closely Held Stock/Partnership Interest (Schedule C) I3) .0 0 submit the upper portion f th' 4. Mortgages/Notes Receivable (Schedule D) (4) .00 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) C5) 7,217.71 6. Jointly Owned Property (Schedule F) I6) .00 7. Transfers (Schedule G) I7) 746,419.31 8. Total Assets (8) 0 1s form with your tax payment. 753,637.02 APPROVED DEDUCTIONS AND EXEMPTIONS: 22,533.50 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9) 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 2.2 32.0 il. Total Deductions lll) 74.765.~'i 12. Net Value of Tax Return 112) 728,871.49 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) .00 14. Net Value of Estate Subject to Tax (143 728,871.49 NOTE: If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will reflect figures that include the total of ALL returns assessed to date. ASSESSMENT OF TAX: 15. Amount of Line 14 at Spousal rate C15) • 00 X DO = .00 16. Amount of line 14 taxable at Lineal/Class A rate C16) 728,871.49 X 045 = 32,799.22 17. Amount of Line 14 at Sibling rate C17) •00 X 12 = .00 18. Amount of Line 14 taxable at Collateral/Class B rate C18) •00 X 15 = .00 19. Principal Tax Due C19)= 32,799.22 TAY (`D (TIT TC. AYMENT DATE RECEIPT NUMBER DISCOUNT (+) INTERESTIPEN PAID (-) AMOUNT PAID 07-17-2008 CD010033 .00 32,799.22 BALANCE OF UNPAID INTEREST/PENALTY AS OF 07-18-2008 TOTAL TAX CREDIT 32,799.22 BALANCE OF TAX DUE .00 INTEREST AND PEN. 75.57 TOTAL DUE 75.57 ~ IF PAID AFTER DATE INDICATED, SEE REVERSE l IF TOTAL DUE IS LESS THAN S1, NO PAYMENT IS REQUIRED. FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" CCR), YOU MAY BE DUB A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) STATUS REPORT UNDER RULE 6.12 Name of Decedent: Clarence V. Knudsen Social Security No. 508-03-2687 Date of Death: October 5, 2007 Will No Register File No. 2000-00831 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes X No 2. If the answer to # i is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to #1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes No X b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Yes X No d. Copies of receipts, releases, joinders, and approvals of formal or information accounts may be filed with the Clerk of the Orphans' Court and maybe attached to this report. - Copy of Estate Settlement Agreement, dated as of December 11, 2008, attached. .~ Date: December 19, 2008 Signature: `~ _L~x _-~ Name: Jeffrey R'. swell, Esquire Address: 315 North Front Street, Harrisburg, PA, 17101 Telephone: X7171 236-9377 Capacity: Personal Representative X Counsel ~~,, _ , i~ . _ . _~ ~J ,~ THE ESTATE OF CLARENCE V. KNUDSEN, DECEASED No. 2000-00831 PA No. 21-00-0831 ESTATE SETTLEMENT AGREEMENT THIS ESTATE SETTLEMENT AGREEMENT(referred to as "Agreement") is made as of the ~~ay of December, 2008, between DAVID C. KNUDSEN, Executor of the Estate of Clarence V. Knudsen (referred to as "Estate" and as "Executor"), THE ESTATE OF RUTH E. KNUDSEN, deceased, by her Executor, DAVID C. KNUDSEN, of 1302 Reading Blvd., Wyomissing, PA, 19610 (referredto as "Beneficiary"), and, individually and collectively, KAREN A. KNUDSEN, of 150 Spring Lane, Philadelphia, PA 19128, CHARLOTTE K. KNUDSEN, Agent under Durable Power of Attorney of Paul R. Knudsen, dated February 22, 2007, of 18 S. York Road, Dillsburg, PA 18019-9513, and DAVID C. KNUDSEN, of 1302 Reading Bivd., Wyomissing, PA 19610, Contingent Beneficiaries under Last Will and Testament of Clarence V. Knudsen, dated March 6, 2001, (referred to as "Contingent Beneficiaries"). In accordance with their desire that the administration ofthe Estate of Clarence V. Knudsen be completed, and in consideration of the mutual covenants expressed, the stated Executors, Beneficiary, and Contingent Beneficiaries, intending to be legally bound, agree, as follows: 1. Clarence V. Knudsen died on October 5, 2007. 2. The Register of W ills of Cumberland County granted Letters Testamentary unto Da~~id C. Knudsen on October 16, 2007, filed to No. 2000-00831, PA No. 21-00-0831. Jeffi-ey R. Boswell, Esquire, served as legal counsel. 3. In November, 2007, counsel prepared and arranged for the publication of the required legal advertisements in The Sentinel and the Cumberland County Reporter, which proofs of publication are attached as Exhibit "A" and `B." 4. The Beneficiary and Contingent Beneficiaries of the Estate of Clarence V. Knudsen, acknowledge receipt of the Rule 5.6 Notice regarding notice oftheirbeneficial interest in the estate. Counsel prepared a Certification of Notice Under Rule 5.6 (a), dated March 6, 2007, and filed same with the Register of Wills of Cumberland County. ~. The decedent, in his Last Will and Testament, ITEM II, provided for a general bequest of personal and household effects, with a precatory memorandLml, as follows: I give and bequeath all my personal and household effects of every kind includin« but not limited to furniture, appliances, furnishings, pictures, silverware, china, glass, books, jewelry, wearing apparel, boats, automobiles, and other vehicles, and all policies of fire, burglary, property damage, and other insurance on or in connection with the use of this property, to my wife, RUTHE. KNIIDSEN, if she shall survive me. If my wife shall not survive me, I give and bequeath all this property to my children surviving me, in approximately equal shares; provided, however, the issue of a deceased child surviving me shall take per stirpes the share their parent would have taken had he or she survived mc. If my issue do not agree to the division of the property among themselves, my Executor shall make such division among them, the decision of my Executor to be in all respects binding upon my issue. I request that my wife, my Executor and my issue abide by any memorandum by me directing the disposition of this property or any part thereof. This request is precatory and not mandatory ... . The Executor determined thatpersonal and household effects were distributed or disposed of more than one year before decedent's death when health concerns required a change in his living arrangements to skilled nursing care. 6. Prior to the execution of his Last Will and Testament, Clarence W. Knudsen, as Settlor, created an Inter Vivos Trust as per the Trust Agreement of Clarence V. Knudsen, dated March 6, 2001 (referred to as "Trust Agreement)" with PNC Bank, N.A., and David C. Knudsen, as Trustees (collectively referred to as "Trustee"). The decedent, in his Last Will and Testament, ITEM III, provided for apour-over distribution of his residuary estate to the Trustee of his Inter Vivos Trust, as follows: -2- I give, devise and bequeath all the rest, residue and remainder of my property of every kind and description (including lapsed legacies and devises), wherever situate and whether acquired before or after the execution of this Will, to PNCBANK, N.A. and DA VID C. KNUDSEN as Trustee under that certain Trust Agreement between me as Settlor and PNCBANK, N.A. and DAVID C. KNUDSEN as Trustee executed prior to the execution of this Will on the 6"' day of March, 2001. My Trustee shall add the property bequeathed and devised by this Item to the principal of the above Tnlst and shall hold, administer and distribute the property in accordance with the provisions of the Tnlst Agreement, including any amendments thereto made before my death. 7. Clarence V. Knudsen, the Settlor, in his Trust Agreement in Article V, provided for authorization of the Trustee's payment of Settlor's funeral expenses, estate administration expenses, taxes, and debts, as follows: After the Settlor's death, the Trustee, if in its discretion it deems it advisable, may pay all or any part of the Settlor's funeral expenses, legally enforceable claims against the Settlor or the Settlor's estate, reasonable expenses of administration of the Settlor's estate, any allowances by court order to those dependent upon the Settlor, any estate, inheritance, succession, death or similar taxes payable by reason of the Settlor's death, together with any i merest thereon or other additions thereto, without reimbursement from the Settlor's executors or administrators, from any beneficiary of insurance upon the Settlor's life, or from any other person. All such payments, except of interest, shall be charged general ly against the principal of the Trust Estate includable in the Settlor's estate for Federal estate tax purposes and any interest so paid shall be charged generally against the income thereof; provided, however, any such payments of estate, inheritance, succession, death or similar taxes (except generation- skipping transfer taxes) shall be charged against the principal constituting the KNUDSEN Family Tviist and any interest so paid shall be charged against the income thereof.... The Trustee may make such payments directly or may pay over the amounts thereof to the executors or administrators of the Settlor's estate. Written statements by the executors or administrators of such sums due and payable by the estate shall be sufficient evidence of their amount and propriety for the protection of the Trustee and the Trustee shall be under no duty to see to the application of any such payments.... If administrative expenses are deducted on the estate's income tax return but paid from principal, then they shall be charged against t/ie KNUDSEN Family Trust. The Trustee shall have the power to charge expenses of administration against income or principal, or apportion such expenses... . Clarence V. Knudsen, the Settlor, provided in his Trust Agreement in Article VI I for the creation of the Ruth E. Knudsen share and the Knudsen Family Trust. The Settlor directed that the Ruth F. Knudsen share shall have a value equal to the maximum marital deduction, as finally determined according to federal estate tax law with the remaining value to be distributed to the Knudsen Family Trust, if the Settlor's wife, Ruth E. Knudsen, survived the Settlor. 9. Clarence V. Knudsen, the Settlor, provided in his Trust Agreement in Article VT[I concerning the administration of the Knudsen Family Trust, for payment of all income to his -3- surviving wife, for discretionary payments ofprincipal to his surviving wife for specified purposes, for limited withdrawal of principal by his surviving wife, and for division into shares for his children upon his surviving wife's death, as follows: Upon or after the death of the survivor of the Settlor's wife and the Settlor, the Tnistee shall divide this Trust as then constituted into equal separate shares so as to provide One (1) share for each then living child of the Settlor .... Each share for a living child of the Settlor shall be distributed to such child... . 10. Clarence V. Knudsen was survived by his wife, Ruth E. Knudsen, who died on October 26, ?007. Thus, the Executor will make final distribution of the residuary estate, the net Lstate assets, in equal shares to the three children, the Contingent Beneficiaries, as detailed in this Agreement, as per the intent expressed by the decedent in his Trust Agreement. 11. Clarence V. Krnidsen and Ruth E. Knudsen are survived by their three children, Karen A. Knudsen, Paul R. Knudsen, and David C. Knudsen. 12. Clarence V. Knudsen, the Settlor, provided in his Trust Agreement in Article XIV concerning this Trustee's discretion in making payments to an incompetent or incapacitated person, as Follows: h~ case the income or principal payment under any trust created hereunder or any share thereof shall become payable ... to a person under legal disability, or to a person not adjudicated incompetent, but who, by reason of illness or mental or physical disability, is, in the opinion of the Tnistee unable properly to administer such amounts, then such amounts shall be paid out by the Trustee ... as the Trustee deems best ... by the Trustee using such amounts directly for the beneficiary's care, support and education ... . ] 3. Clarence V. Knudsen, Settlor, provided in his Trust Agreement in Article XXI for payment of his surviving wife's funeral expenses and medical expenses, as follows: On the death of any person entitled to income or support from any Trust hereunder, the Tnistee is authorized to pay the funeral expenses and the expenses of the last illness of such person from the principal of the Trust from which such person was entitled to income or support. 14. The Executor determined that the filing of a Form 706 U.S. Estate Tax Return was not required because the value of gross assets did not exceed the value that would require tiling. -4- 15. The Trustee paid to the Trustee of the Trust Agreement of Ruth E. Knudsen, dated March 6, 2001, all income earned from October 5, 2007, through October 26, 2007, Ruth E. Knudsen's date of death. 16. After the decedent's death, the Trustee continued to administer in the Trust Agreement net assets that would have been distributed from his Trust Agreement to either his surviving wife, Ruth E. Knudsen, or to the Knudsen Family Trust, but, because of the very short time period between Clarence V. Knudsen's death, on October 5, 2007, and Ruth E. Kmidsen's death, on October 26, 2007, were distributed to the Contingent Beneficiaries, as noted later in this Agreement. 17. The Executor created an estate checking account at PNC Bank, N.A., Account No. XXXX8492, ~~ith total credits of X52,356.00, and total debits of $41,402.05, for a net balance as of December 1, 2008, of $10,953.95. The credits include payments from the Trustee far funeral expense, estate administration expenses, and inheritance tax, generally estimated to be $51,000. 18. The decedent's three children were at least 25 years of age at the time of Settlor's death and, therefore, were entitled to receive equal shares of the final distribution of the net Trust principal and accumulated income. 19. The Trustee filed a First and Final Account on J my 23, 2008, and, on August 26, 2008, an Order of Court was entered to Docket No.: 21-2000-0831, confiinning the account absolutely and decreeing that distribution be made by the Trustee in accordance with the proposed schedule of distribution. Thereafter, the Trustee made distribution in equal shares to Karen A. Knudsen, to Sovereign Bank, a national federal savings association, Trustee, Clarence V. Knudsen and Ruth C. Knudsen Supplemental Needs Trust for the benefit of Paul R. Knudsen, and to David C. Knudsen. The Executor declared the taxable Trust asset as an Estate asset, and he paid the appropriate inheritance tax, thereby discharging the stated trust distributees of this tax liability. 20. "The Executor worked with counsel to complete the estate administration, including the payment of all debts, expenses of administration, and inheritance tax. Counsel prepared for the -5- Executor's review and execution the Pennsylvania Inheritance Tax Return (REV-1500), which counsel then filed with the Register of Wills of Cumberland County on July 18, 2008, making payment to the Cumberland County Register of Wills, Agent, in the amount of $32,799.22, on account ofInheritance Tax. Thereafter, the Pennsylvania Department ofRevenue, Inheritance Tax Division, reviewed the Pennsylvania Inheritance Tax Return and issued a Notice of [nheritance Tax Appraisement, dated October 22, 2008, accepting the return as filed and showing a zero balance. Thus, all inheritance tax issues are settled with the inheritance tax paid in full. 21. All funeral expenses, debts, taxes, and administrative expenses are paid or accounted for in this Agreement, and all administrative details are properly completed or will be completed as noted in this Agreement. 22. The Executor filed a joint federal income tax return Form 1040 for 2007, which, due to significant itemized deductions, resulted in zero tax due and zero overpayment. The filing resulted in the receipt of an economic stimulus payment of $600.00 that was credited to the Ruth E. Knudsen Estate checking account. Michael Kunisky, CPA, prepared separate Pennsylvania individual income tax returns (PA-40) because both taxpayers died in 2007, dividing the estimated tax payment between the two tax returns. 23. The Executor filed the separate Pennsylvania income tax rettrrns (PA040) for 2007. The PA-40 for Clarence V. Knudsen showed an overpayment of $396.00. The PA-40 for Ruth E. Knudsen showed an overpayment of $354. The Department of Revenue reviewed both returns and approved refunds for the overpayments as noted on the tax returns. However, the PA Department of Revenue had to apply any credits, overpayments, and refunds to Clarence V. Knudsen, the primary taxpayer. According to its regulations, estimated tax payments paid under the primary taxpayer (Clarence) could not be applied to the spouse. Thus, the PA Department of Revenue issued a check for $1,356.00, payable to Clarence V. Knudsen, constituting both overpayments and the $606.00 tax payment as declared on Ruth E. Knudsen's PA-40 tax return. This ~ 1,356.00 was credited in the Clarence V. Knudsen Estate checking account. To settle the PA income tax liability -6- for Ruth E. Knudsen for 2007, the Executor agreed to pay the tax due, plus interest and penalty, a total of $664.00. 24. The Executor will pay final expenses of administration, as follows: Boswell, Tintner & Piccola - $7,500.00 25. The Executor will make final distribution of the residuary estate, the net cash assets to the Contingent Beneficiaries upon execution by all parties of this Agreement, as follows: Karen A. Knudsen: $1,151.32 Charlotte K. Knudsen, Agent under Durable Power of Attorney of Paul R. Knudsen, dated February 22, 2007: $1,151.32 David C. Knudsen: $1,151.31 26. The Executor will close the PNC, N.A., Estate checking account, Account No. XXXX4492, after payment of final checks, including distributions to Contingent Beneficiaries. 27. Jeffrey R. Boswell, Esduire, as counsel, will file the final Rule 6.12 noting the completion of the Estate administration and will attach a copy of this Agreement to the Rule 6.12 Report to confirm this informal accounting made to Qeneticiary and Contingent Beneficiaries. 28. The parties, and each of them, agree to return to the Estate from his or her respective distribution from this Estate or from the Trust Agreement any proportionate share so the Executor can pay any expense, debt, and/or tax, received and determined by the Executor to be proper for payment, which total amount to be returned to the Estate shall not exceed the total distribution paid to the Contingent Beneficiaries from the Executor or from the Trustee. 29. The parties, and each of them, hereby forever fully release, compromise, settle, and discharge any and all claims, demands, actions, or causes of action, legal or equitable, absolute or contingent, vested or hereafter to accrue, which any of them may have against each other and any other party hereto or against the Estate, or the agents of the estate, including the Executor, his accountants and attorneys, by reason of any matter, cause or things growing out of or relating to any property or assets of said estate, or growing out of or relating to any act of the Executor, his -7- administration of the said estate, even if attributable to negligence, and agree that any period of the limitation as to actions on claims and distributions shall commence only at such time as the Executor shall have obtained actual knowledge of said claims or distributions, which period shall end two (2) years after actual discovery. 30. Each party agrees that this Agreement shall be an Acknowledgment and Release as to the payment of estate debts, expenses of administration, and inheritance tax, and to the receipt of his or her respective proper distributive share of the residuary share, the net Estate assets. 31. Each party agrees to execute such additional documents and releases as the Executor may submit to him, her, or them in order to complete any administrative details and to confirm discharge of the Executor, his accountants and attorneys, from any further liability to the parties in connection with this Estate. 32. This agreement may be executed in multiple counterparts and, when so executed, shall he binding upon all parties, and their respective heirs, next of kin, personal representatives, and assigns. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and -T, year first above-~ ~ritten. DATF_,: ~~~' ~` ~ C.i ,` David C. Kn sen, xec for of the Estate of Clarence V. Knudsen DATE:_ ~ ~ ~ Cl a .Knu sen, xe or of the Estate of Ruth C. Knudsen, the Beneficiary of the Este e f Clarence V. Knudsen DATE: /~ ~ ~~ ~~ / Davi C. Knu sen, a o urgent Beneficiary f the Estate of Clarence V. Knudsen /~ ~ DATE: ~~ ~ ~ J~1~ ~/~"jC'-~l_~=',~7 .~'-;? ~~-,rl,~..~,k=..,-t._. Karen A. Knudsen, a Contingent Beneficiary of the Estate of Clarence V. Knudsen -8- s ~` r DATE: ~ ~ ~ ~,` ~, , ,~~ ~~G-. ~ 5~~.~~ Charlotte K. Knudsen, Agent under Durable Power of Attorney of Paul R Knudsen, dated February 22, 2007, a Contingent Beneficiary of the Estate of Clarence V. Knudsen -9- COMMONWEALTH OF PENNSYLVANIA ss. couN TY of I~ A- v ~N ~ ~ . On this, the day of December, 2008, before me, the undersigned, personally appeared David C. Kmidsen, who acknowledged himself to be the Executor of the Estate of Clarence V. Knudsen, Deceased, and executed the foregoing instrument for the purposes therein contained. IN WITNESS W>FIEREOF, I hereunto set my hand and official seal. N'Q~.'laultaE~r'~s •~ f , +°r~~di~:YLt~t~NiA ~;onnic ?~, r-i~s~r~y. ;Jo~sy Public C;ihr ~~ FA s _ska~r,~ C~a~+phin bounty hllyC_~rrrrs~ o~ r{ t ~ Frb. 1~5, 2Q11 P~A~:rnD•ar, ~~r ~- ,. ,.;~ ~ ~ ~;~ti (~,afzrirs NO ARY P LI COMMONWEALTH OF PENNSYLVANIA COUNTY OF ~{~ ~ I'~ t 1~ ss. On this, the ~~~ day of December, 2008, before me, the undersigned, personally appeared David G Knudsen, who acknowledged himselfto be the David C. Knudsen, Executor oI the Cstate ofRuth C. I{~IUdsen, the Beneficiary ofthe Estate of Clarence V. Knudsen, and executed the foregoing instrument I-or the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. _.. _.._. - 1 dl inufe_._. ~ / /~7~ ~~ ~ 9 {.. (s~~11 EEtf ~. t~~afo ~ ~Vuq~ay~,l PubiiC ~ ~/~~' //vK~-c/ ~...1~'~'+..a" 1 I l.Ei ~ P..~ 1 ,e.1. ~~1171P°1 ~®I,.E~ijd (I ~f./L _ -_ ~ ~~o ~ ~~ tis x~,ir~~F~.~ts,znt~ ~ NOTARY PUBLIC ~,,~r,n;,,~r .ir ~ >r. ~~ h~ Erari~ =. COMMONWEALTH OF PENNSYLVANIA COUNTY OF ~-(~ U ~° ~ ~ ~ ss. On this, the S`~ day of December, 2008, before me, the undersigned, personally appeared David C. Knudsen, who acknowledged himself to be a Contingent Beneficiary of the Cstate of Clarence V. Knudsen, and executed the foregoing instrument for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. Ccnnlc + . g !~rna, 2~c~r~+ Publ'sc I !/ ri-~~-~..J-~ - ---- s ~~itl rf L -ri ~ ru, ;'r9:.~ahi~~ Ccsarty ~ NOT RY P BLIC COMMONWEALTH OF PENNSYLVANIA COUNTY OF ~~i'~~~ ~ _ J ss. On this, the /~'~ day of December, 2008, before me, the undersigned, personally appeared Karen A. Knudsen, who acknowledged herself to be a Contingent Beneficiary of the Estate of Clarence V. Knudsen, and executed the foregoing instrument for the purposes therein c~ntaincd. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ti ~ ,~ 7~ _ NOTARY PUBLIC COMMONWEALTH Of PENNSYtYAN1A NOTARlA! SEAL Cheryl Denise Henrich, Notary Pu61ic Lower Merlon Township, Montgomery County N9y Commissi~n Expires January 27, 2010 COMMONWEALTH OF PENNSYLVANIA COUNTY OF Ct~Mlaulc~ ~ ss. On this, the ~~~ day of December, 2008, before me, the undersigned, personally appeared Charlotte K. Knudsen, Agent under Durable Power ofAttorney ofPaul R Knudsen, dated February 22, 2007, who acknowledged herself to be the Agent for Paul R Knudsen who is a Contingent Beneficiary of the Estate of Clarence V. Knudsen, and as such Agent she executed the foregoing instrument for the purposes therein contained. IV WITNESS WHEREOF, I hereunto set my hand and official seal. acs- _ NOT RY PUBLIC COMMONWEALTH ~t~. ~Ld~N1SYLVANIA Notarai Seta! Lisa P. Snyder, Notary Public Upper Allen Twp., C::mberland County My Commission Expires ;~y"arch 12, 2009 Member, Pennsyl,~«,~u '~. ;inn cf Notaries ~u0 eat ~~ f u~ PROOF OF PUBLICATION State of Pennsylvania, County of Cumberland Troy Whitesel Classified Advertising Manager, of The Sentinel, of the County and State aforesaid, being duly sworn, deposes and says that THE SENTINEL, a newspaper of general circulation in the Borough of Carlisle, County and State aforesaid, was established December 13th, 1881, since which date THE SENTINEL has been regularly issued iz1 said County, and that the printed notice or publication attached hereto is exactly the same as was printed and published in the regular editions and issues of THE SENTINEL. on the following day(s): March 15, 22, 29, 2008 COPY OF NOTICE OF PUBLICATION NOTICE 'NOTICE IS HEREBY GIVEN that the Register of Wills has granted Letters Testamentary to the person named. AA persons having claims or demands against the estate are requested to make known the claim or demand, and atl persons indebted to the estate are requested to make payment, without delay, to the Executor or to his attorney named below: The Estate of CLARENCE V. KNUDSEN, late of Lower Allen Township, Cumberland County, Pennsylvania. :£xecutor: David C. Knudsen _~ 1302 Reading Blvd. _~ Wyomissing, PA 19610 sAttorney: Jeffrey R. Boswell, Esquire _~ Boswell, Tintner, Piccola & Alford ~~ 315 North Front Street, P.O. Box 741 Harrisburg, PA 17108-0741 Affiant further deposes that he/she is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statement as to time, place and character of publication are true. Sworn to and subscribed before me this 31st day of March, ?008. Notary Publi My commission expires: ~f ~~~ COMMONWEALTH qF PENNSYLVANIA Nobrial Seal Christina L. Write, Notary Public Caliisle Born, Cttmbeliand County My Commission Expres Sept 1.2008 Member, Pennsylvania Association Of Notaries G°~`~ ~ D C~h.~~~`~~~~ ~V C' ~- j0 `((6 (r PROOF OF PUBLICATION OF NOTICE IN CUMBERLAND LAW JOURNAL (Under Act No. 587, approved May 16, 1929), P. L.1784 COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND ss. Lisa Marie Coyne, Esquire, Editor of the Cumberland Law Journal, of the County and State aforesaid, being duly sworn, according to law, deposes and says that the Calriberla~ld Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1.952, and designated by the local courts as the official legal periodical for the publication of all legal notices, and has, since January 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the salve as was printed in the regular editions and issues of the said Cumberland Law Journal on the following dates, V1Z: March 21, March 28, and April 4, 2008 Affiant further deposes that he is authorized to verify this statement by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statements as to time, place and character of publication are true. lsa Marie Coyne ditor SWORN TO AND SUBSCRIBED before me this 4 day of April, 2008 Knudsen, Clarence V., deed. Late of Lower Allen Township. Executor: David C. Knudsen, 1302 Reading Blvd., Wyomissing, PA 19610. Attorneys: Jeffrey R. Boswell, Esquire, Boswell, Tintner, Piccola & Alford, 315 N. Front St., P.O. Box 741, Harrisburg, PA 17108- 0741. Notary j NOTARIAL SEAL ~ DEBORAH A COLLINS No4ary Public CARLISLE BORO, CUMBERLAND GOUNTY My Cnrnmission Expires Apr 28, 2010 L x Li ,~ 6 ~~ ~- `~ i3 ~~ COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT N0. CD 010845 BOSWELL JEFFREY R 315 N FRONT ST PO BOX 741 HARRISBURG, PA 17108-0741 ACN ASSESSMENT AMOUNT CONTROL NUMBER fold ESTATE INFORMATION: SSN: 508-03-2687 FILE NUMBER: 2100-0831 DECEDENT NAME: KNUDSEN CLARENCE V DATE OF PAYMENT: 02/02/2009 POSTMARK DATE: 01 /30/2009 couNTY: CUMBERLAND DATE OF DEATH: 10/05/2007 REMARKS: RECEIPT TO ATTY SEAL CHECK# 25543 101 ~ 575.57 TOTAL AMOUNT PAID: REV-1162 EX111-96) 575.57 INITIALS: CJ RECEIVED BY: GLENDA EARNER STRASRAU(;H REGISTER OF WILLS REGISTER OF WILLS BOSWELL, TINTNER & PICCOLA COUNSELORS AT LAW 315 NORTH FRONT STREET P.O. Box 741 HARRISBURG, PA 17108-0741 LEONARD TINTNER JEFFREY E. PICCOLA 17171 236-9377 JEFFREY R. BOSWELL FAX 17171 236-9316 KEVIN D. GILLESPIE WWW.BTPALAW.COM January 31, 2009 WILLIAM D. BOSWELL 1194 3 -19991 DENISE L. FOSTER PARALEGAL Cumberland County Register of Wills Cumberland County Courthouse One Courthouse Square n Carl isle, PA 17013 ~~ ~ n ~~ ~ 'J~ ~; RE: Estate of Clarence V. Knudsen a~ ~ tv _„ , .. SSN:508-03-2687 ~ `~ n <1 _ {~~` -' - Date of Death: 10/05/2007 `~~~`-' , ~ ~ File Number: 21 00-0831 ..~ -+ ~' ^••' , Date of Assessment: 10/21/2008 ~"' 0 ACN: 101 Dear Madam: I have enclosed our check in the amount of $75.57, payable to Register of Wills, Agent, in frill payment of the inheritance tax liability. For your information, I have enclosed a copy of the Department of Revenue, Inheritance Tax Liability Delinquency Notification, dated 01 /26/2009. Kindly credit this account accordingly. We thank you for your consideration. Sincerely, ~~~ ~~ ~ Jeffrey K. Boswell .JRB:cIh Enclosures cc: David C. Knudsen, Executor (w/copy of enc.) COMMONWEALTH OF U OF COLLECTIONS & PENNSYLVANIA TAXPAYER SERVICES DEPARTMENT OF REVENUE PO BOX 281041 HARRISBURG PA 17128-1041 Inheritance Tax Liability Delinc~uencv Notification REV-86tiF0 AFP (06-OS) JEFFREY R BOSWELL ESQ Notice Date: 01/26/2009 BOSWELL ETAL Estate of: PO BOX 741 KNUDSEN CLARENCE V HBG PA 17108 SSN: 508-03-2687 Date of Death: 10 - 0 5- 2 0 0 7 File Number: 21 0 0 - 0 8 31 Date of Assessment: 10 - 21 - 2 0 0 8 ACN: 101 Department records indicate a delinquent inheritance tax liability for the above estate. Outlined below is a summary of the records. Interest is calculated to 15 days from the; date of this notice and included in the balance shown. TAX INTEREST PENALTY CREDIT BALANCE 32,799.22 75.57 32,799.22 75.57 The Inheritance and Estate Tax Act mandates the filing of a tax return and payment of all outstanding liabilities by a personal representative or a transferee of an estate within nine months of a decedent's death. Under Act 40 of 2005, additional collection costs including but not limited to fees of up to 39 percent of the amount due, and attorney fees incurred in securing payment, maybe imposed on any liability not paid prior to referral to a collection agency or contract counsel. To avoid further action including additional costs and interest, the amount due must be paid within 15 days of the date of this notice. Please detach and return the lower portion with your payment to the Register of Wills of the county indicated. Make check or money order payable to Register of Wills, Agent. If the above balance due was paid recently, please disregard this notice. If you have any ques±ions regarding ±his netice, please contact: Harrisburg Call Center (717} 783-3000 TDD# 1-800-447-3020 (service for taxpayers with special hearing and/or speaking needs) PLEASE RETURN THIS PORTION WITH YOUR PAYMENT TO THE REGISTER OF WILLS LISTED Estate of: KNUDSEN CLARENCE V SSN: 508-03-2687 REGISTER OF WILLS Date of Death: 10-05-2007 CUMBERLAND CO COURT HOUSE File Number: 21 00-0831 CARLISLE, PA 17013 Date of Assessment: 10 - 21 - 2 0 0 8 ACN: 101 ;i r,~j "'~ ` , _ r"~ v, ~•a ~~~•. ~-- Y r {~ ~ . ~ 7,~' ~ 'r' •i~ /: f- [- ~' ~ rj ~ O `" R; U >- >- :~ E-- "r ,~ -, ~ „ - U ~: ~~ ~ _ C ~ Q = z z ~, a, _ ~ ~ ~ J `~ o - ~ ,~ - - ~ ~ :~ 5 ~ ~= ~ _ _ ~ ~ z ~- U U O U i ~:+ i'.I k" y~E .~~• ~?i ....} I„t 4'• . o' ,1..{ ~n J t' f^. ~ w < ~ z p x n¢. Z CC ~= w l ~ ' y~ 1ir. ~ - ¢ 1 1 ~ ~ ~. M 1. COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX INHERITANCE TAX DIVISION STATEMENT O F A C C O U N T PO BOX 280601 HARRISBURG PA 17128-0601 REV-1607 EX AFP C12-08) DATE 03-02-2009 ESTATE OF KNUDSEN CLARENCE V DATE OF DEATH 10-05-2007 FILE NUMBER 21 00-0831 CQUNTY CUMBERLAND JEFFREY R BOSWELL ESQ ACN 101 BOSWELL ETAL Amount Remitted PO BOX 741 HBG PA 17108 MAKE CHECK PAYABLE AND REMIT PAYMENT T0: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ --------------------------------------------------------------------------- REV-1607 EX AFP C12-08) *** INHERITANCE TAX STATEMENT OF ACCOUNT *** ESTATE OF KNUDSEN CLARENCE V FILE N0. 21 00-0831 ACN 101 DATE 03-02-2009 THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHOWN BELOW IS A SUMMARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 01-16-2009 PRINCIPAL TAX DUE: PAYMENTS CTAX CREDITS): 32,799.22 PAYMENT DATE RECEIPT NUMBER DISCOUNT C+) INTEREST/PEN PAID (-) AMOUNT PAID 07-17-2008 CD010033 .00 32,799.22 01-30-2009 CD010845 75.57- 75.57 C C fI '~ TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. * IF PAID AFTER THIS DATE, SEE REVERSE I TOTAL DUE SIDE FOR CALCULATION OF ADDITIONAL INTEREST. C IF TOTAL DUE IS LESS THAN S1, NO PAYMENT IS REQUIRED. LF TOTAL DUE IS REFLECTED AS A "CREDIT" CCR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. ) N a ~ ~ ~ _: } . ~ r ,.J ~ _ t ,. ~f: ~ , ,~.r- - 'r ; l ~ ~ 't7 ~ ~ I -"~°f ` I - , _' ( u ~ ri F - V 32,799.22 .00 .00 .00