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HomeMy WebLinkAbout04-0499Register of Wills of Cumberland County, Pennsylvania PETITION FOR GRANT OF LETTERS Estate of Aaron Nordenber.q also known as Petitioner, ~eflo is 18 years of age or older, applies for: , Deceased Social Security No. Ruth Nordenberq 016-42-0769 (COMPLETE "A" OR "B" BELOW:) A. Probate and Grant of Letters and avers that Petitioner is the executrix named in the Last Will of the rxrxrxr~ Decedent, dated Auqust 25, 2000 and codicil(s) dated NONE 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 bom or adopted after execution of the documents offered for probate; was not the victim of a killing and was never adjudicated incompetent: ... ~ ;,., -? ~ :7" NO EXCEPTIONS .~. B. Grant of Letters of Administration :~ Petitioner(s) after a proper search has/have ascertained that Decedent left no Will and was survived by the fo-~owing spouse (if any) and heirs: Name Relationship Residence c~:~ I (COMPD- I ~- IN ALL CASES:) Attach additional sheets if necessary. Decedent domiciled was at death in Cumberland ~ County, Pennsylvania, with his last family or principal residence at 530 Colony Road, Hampden Township, Cumberland CounW, PA (list street, number and municipality) Decedent, then 67 years of age, died May 7, 2004, at Carolyn Croxton Slane Hospice, 1701 Lin,qlestown Road, Susquehanna Township, Dauphin County, PA ' (Location) Decedent at death owned property with estimated values as follows: (If domiciled in PA) All personal property ........................................................................................... $ f~ (if not domiciled in PA) Personal property in Pennsylvania ...................................................................... $. N/A (If not domiciled in PA) Personal property in County ........................................................................... Oath of Personal Representative Commonwealth of Pennsylvania County of The Petitioner(s) above-named swear(s) and affirm(s) that the statements in the foregoing Petition are true and correct to the best of the knowledge and belief of Petitioner(s) and that, as personal representative(s) of the Decedent, Petitioner(s) will well and truly administer the estate according to law. Sworn to and affirmed and subscribed before me this O~ (J~ day of 200? .o. Estate of Social Security No:/P/go- ~-.-.-/~__.- ~Tg~ Date of Death: Deceased AND NOW, /27/-~L/ ,-~'Z ,20/) z/, in consideration of the Petition on the reverse side hereon, sabsfactory proof hawng been presented before me, IT IS DECREED that Letters E3-~estamentary [] of Administration are hereby granted to d.b.n.c.t.; pendente lite; dura~e absentia; durante rninodtate in the above estate and that the instrument(s) dated -lc~-_~9 ~-, ,--~o~o© described in the Petition be admitted to probate and filed of record as the last Will of Decedent. FEES Letters ........................... $ Short Certificate(s) .......... $ Renunciation .................. $ Affidavit ( ) ................. $ Extra Pages ( ) ............ $ Codicil ..........................$. JCP Fee ........................ $ Inventory ....................... $ Other ............................$ TOTAL ................ Form RW-I Page 2 of 2 (Dauphin County) - Rev, 9/92 Attorney: Stanley A. Smith I.D. No: 33782 Address: Rhoads & Sinon LLP, PO Box 1146 1 South Market Square, Harrisburg, PA 17108-1146 Telephone: 717-233-5731 his 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. WARHIHG: It is illegal to duplicate this ¢oplt blt photostat or photograpl'/."! ~----,,) Fee for this certificate, $2.00 ~ Fl C..~-~- .-.--;7>2. ~<./---- / / ~ Kegis[rar No. '~ Date PERMAHENT BLACK INK COMMONWEALTH OF PENNSYLVANIA · DEPARTMENT OF HEALTH · VITAL RECORDS ------------ CERTIFICATE OF DEATH NAME (~[F OECEDENT (First, Mk3dle, Last) . ~X~ S~IAL SECURIT~ RE~DEN~ NAME (First. MiOOle. Ma.:l~n Surname) Slate [] DATE OF DISPOSITION DISPOSITION. Nam LICENSE NUMBER [Month. Day. Ye~) LAST WILL AND TESTAMENT OF AARON NORDENBERG I, AARON NORDENBERG, of Camp Hill, Cumberland County, Pennsylvania, being of sound and disposing mind and memory, do make, publish and declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils by me at any time previously made. I am married to Ruth Nordenberg (hereinafter referred to as "My Spouse") and the children born of our marriage are Uriel N. Nordenberg, Tamar S. Nordenberg and Liora D. Nordenberg. As used herein the term "my children" shall refer to the aforelisted children born of my marriage with My Spouse. 1. TANGIBLE PERSONALTY. I give and bequeath all of my household furniture and furnishings, automobiles, books, pictures, jewelry, china, crystal, appliances, silverware, wearing apparel, articles of household or personal use or adornment, collections, artworks and vehicles, together with all policies of insurance thereon, to My Spouse, if My Spouse survives me. If My Spouse does not survive me, I give such articles to my children living at my death in as nearly equal shares as they shall select under the supervision of my Executor it being my request that my children be Page 1 of 10 Pages 345388.1 guided by any requests which I may express in any memorandum left with this Will. Any cost of packing and shipping said personalty to the beneficiaries, including insurance, shall be paid by my Executor as a general administration cost. If any such articles cannot be fairly divided or distributed in kind in the opinion of my Executor, such articles shall be sold and the proceeds thereof shall pass as a part of my residuary estate. 2. RESIDUE. I give, devise and bequeath all the rest and residue of my property, real, personal and mixed, not disposed of in the preceding portions of this Will, including all property over which I hold a power of appointment (which powers of appointment I hereby exercise in favor of my estate), to the then Trustee of "The Aaron Nordenberg Revocable Trust" created by a trust agreement dated the same date as this Will between me, as Settlor, and Aaron Nordenberg and Ruth Nordenberg, as Trustees, to be held, administered and disposed of in accordance with such trust, as it is in effect at my death. 3. SPENDTHRIFT PROVISION. No interest in income or p~incipal of my estate shall be subject to attachment, levy or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy of any beneficiary of my estate prior to the beneficiary's actual receipt thereof. My Executor shall pay over the net income and the principal to the beneficiaries herein Page 2 of 10 pages designated, as their interests may appear, without regard to any attempted anticipation (except as may be specifically provided herein), pledging or assignment by any beneficiary of my estate and without regard to any claim thereto or attempted levy, attachment, seizure or other process against said beneficiary. 4. SURVIVAL PRESUMPTIONS. Any person, other than My Spouse, who shall have died at the same time as I or under such circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have predeceased me. If My Spouse and I shall have died at the same time or under such circumstances that it is difficult or impossible to determine who shall have died first, My Spouse shall be deemed to have survived me. 5. FIDUCIARY POWERS. In the settlement of my estate, my Executor shall possess, among others, the following powers, exercisable without prior court approval, but in all cases to be exercised for the best interests of the beneficiaries: (a) To retain any investments I may have at my death so long as my. Executor may deem it advisable to my estate so to do, including securities owned, issued or underwritten by any corporate Executor or any of its affiliates. (b) To vary investments, when deemed desirable by my Executor, and to invest in such bonds, stocks, notes, real estate mortgages or other securities or in such other real or personal property, including securities owned, issued or underwritten by any corporate Executor Page 3 of 10 pages or any of its affiliates, or as to which my corporate Executor or any of its affiliates are investment advisors, as my Executor shall deem wise, without being restricted to so-called "legal investments". (c) In order to effect a division of the principal of my estate or for any other purpose, including any final distribution of my estate, my Executor is authorized to make said divisions or distributions of the personalty and realty partly or wholly in kind. If such division or distribution is made in kind, said assets shall be divided or distributed at their respective values on the date or dates of their division or distribution. In making any division or distribution in kind, my Executor shall divide or distribute said assets in a manner which will fairly allocate any unrealized appreciation among the beneficiaries. (d) To sell either at public or private sale and upon such terms and conditions as my Executor may deem advantageous to my estate, any or all real or personal estate or interest therein owned by my estate severally or in conjunction with other persons or acquired after my death by my Executor, and to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers, conveying a fee simple title, free and clear of all trust and without obligation or liability of the Purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may be necessary or desirable in carrying out any of the powers conferred upon my Executor in this paragraph or elsewhere in this Will. (e) To mortgage real estate and to make leases of real estate for any term. (f) TO borrow money from any party, including my Executor, to pay indebtedness of mine or of my estate, expenses of administration, Death Taxes or other taxes. Page 4 of 10 pages ~ (g) To pay~all costs,lexpenses; legally enforceable debts, funeral expenses and charges in connection with the administration of my estate. (h) To vote any shares of stock which form a part of my estate or trust and to otherwise exercise all the powers incident to the ownership of such stock and to actively manage and operate any incorporated or unincorporated business, including any joint ventures and partnerships, and to incorporate any such unincorporated business, with all the rights and powers of any owner thereof. (i) In the discretion of my Executor to unite with any other owners of similar property in carrying out any plans for the reorganization of any corporation or company whose securities form a part of my estate. (j) To assign to and hold in my estate an undivided portion of any asset. (k) To hold investments in the name of a nominee. (1) To compromise controversies. (m) To disclaim, in whole or in part, any and all interests in property owned by me at the time of my death, including'those passing to me by Will, intestacy, contract, joint ownership, operation of law or otherwise. (n) To designate one or more persons or a corporation to act as ancillary fiduciary in any jurisdiction in which ancillary administration may be necessary, such ancillary fiduciary to serve without bond or security and to have all powers, authorities and discretions conferred hereunder. (o) To employ and compensate from income or principal, in the discretion of my Executor, investment and legal counsel, accountants, brokers and other specialists (including Advest, Inc. and other affiliated companies of any corporate Executor), and, whenever there shall be no corporate Executor in office, a corporate custodian, and to delegate to investment Page 5 of 10 pages counsel~discretiontwithsr~spec~etbetheeinvestmentnand reinvestment of any oral,all of the a~etsn~eldthere~nder. (p) To elect:under Section 2652(a)~(3) of the Internal Revenue Code of 1986, as amended (the "Code"), to treat me as the transferor of any qualified terminable interest property with respect to which my estate was allowed a deduction under Section 2056(b) (7) of the Code and to allocate any of my exemption from federal generation skipping transfer tax under Section 2631 of the Code to any property as to which I am the deemed transferor under Section 2652(a) of the Code, regardless of whether or not the property with respect to which such election or allocation is made is part of my probate estate. Any such election or allocation shall be made in the sole discretion of my Executor and shall be binding upon all persons, including the then trustee of any inter vivos trust created by me, and such Executor shall not be personally liable for exercising any such discretion in good faith. 6. EXCULPATORY CLAUSES. In the settlement of my estate: (a) My Executor shall not be personally liable for loss to my estate or to My Spouse's estate or to any beneficiary of either estate resulting from my Executor's decision made in good faith whether or to what extent to elect on the federal estate tax return prepared on behalf of my estate to have a portion or all of certain "qualified terminable interest property" treated as having passed to My Spouse in order to qualify for the federal estate tax marital deduction; and the decision of my Executor shall be binding and conclusive upon all beneficiaries of my estate, including the then trustee of any inter vivos trust created by me which constitutes a part of my federal gross estate. (b) My Executor shall not be personally liable for any loss to my estate or to any beneficiary of my estate resulting from an election made in good faith to claim a deduction as an income tax deduction or as an estate tax deduction; nor, as a result of such election, shall any Page 6 of 10 pages compensating adjustments be made between income and principal or in the amount of any gift under this Will to My Spouse intended to qualify for the marital deduction for federal estate tax purposes. (c) In valuing property in my gross estate for the purposes of any Death Tax, my Executor shall not be personally liable for any loss to my estate or to any beneficiary of my estate resulting from my Executor's decision made in good faith to use a particular valuation date; nor, as a result of such decision, shall any compensating adjustment be made in the amount of any gift under this Will to My Spouse intended to qualify for the marital deduction for federal estate tax purposes. 7. TAX CLAUSE. Ail inheritance, estate and similar taxes becoming due by reason of my death, except any taxes relating to generation skipping transfers imposed under Chapter 13 of Subtitle B of the Internal Revenue Code, as amended ("Death Taxes"), whether such Death Taxes shall be payable by my estate or by any recipient of any property, shall be paid by my Executor out of the property passing under ITEM 2 of this Will as an expense and cost of administration of my estate (and charged against the property passing under ARTICLE IV of the Trust referenced in such ITEM 2, or if such Death Taxes exceed the property passing under ARTICLE IV, then out of the property passing under ARTICLE VI of such Trust); provided, however, that if any property held in any testamentary or inter vivos trust created by My Spouse is includable in my estate for purposes of any Death Tax, then any Death Tax attributable to the inclusion of any such property in my Page 7 of 10 pages estate for the purposes of that Death Tax shall be paid out of such property or the recipients of such property; and if such Death Taxes are nevertheless paid by my Executor, I direct my Executor to obtain reimbursement or contribution for any such taxes paid by my Executor. Except to the extent above provided, My Executor shall have no duty or obligation to obtain reimbursement for any Death Taxes paid by my Executor, even though paid with respect to proceeds of insurance or other property not passing under this Will. 8. CUSTODIAN OF ESTATES. If at any time any individual under the age of twenty-one shall be entitled to receive any assets free of trust by reason of my death, whether payable hereunder, by operation of law or otherwise, I appoint my Executor hereinafter named as Custodian for such individual under the Pennsylvania Uniform Transfers to Minors Act. 9. EXECUTOR APPOINTMENT. I hereby appoint My Spouse, RUTH NORDENBERG, as Executrix of this Will. If for any reason My Spouse should fail or cease to act, I appoint ADVEST BANK AND TRUST COMPANY, a federally chartered savings bank, as Executor. All references in this Will to my "Executor" shall refer to my originally named Executrix, to my successor Executor, as the case may be. Page 8 of 10 pages 10. WAIVER OF BOND; FIDUCIARY FEES, ETC. Any Custodian or Executor shall qualify and serve without the duty or obligation of filing any bond or other security. Any corporate fiduciary ~ shall be entitled to compensation for services in accordance with the standard schedule of fees in effect when the services are rendered. If Advest Bank and Trust Company serves hereunder, it may utilize the services of its affiliates, including Advest, Inc., and engage in transactions with those affiliates. Such transactions may include, without limitation, the right of any such affiliate, where applicable, to (i) act as broker in connection with any sale or other disposition, or purchase or other acquisition, of any trust assets, (ii) render any investment advice or related services to the estate, (iii) furnish any data processing or other support services in connection with the management or support services or administration of my estate, or (iv) provide any other services to, or enter into any other transactions or arrangements with, my estate. Such affiliates shall be entitled to reasonable compensation for such services wh/ch compensation may be paid from the assets of my estate. This compensation may include investment management fees, brokerage fees and commissions, custody fees, referral fees, and, with respect to mutual fund transactions, Rule 12b-1 distribution fees. This authorization shall override any other provisions herein to Page 9 of 10 pages the contrary and any statutory, common law, or other limitations on self-dealing that might otherwise prohibit such transactions with affiliates of the Bank. IN WITNESS WHEREOF, I have set my hand and seal to this, my Last Will and Testament, consistisl~ of this and the preceding nine (9)pages, this ~h day of ~ , 200~. 0.~ (SEAL) Aaron Nordenberg We, the undersigned, hereby certify that the foregoing Will was signed, sealed, published and declared by the above-named Testator as and for his Last Will and Testament, in the presence of us, who, at his request and in his presence and in the presence of each other, have hereunto set our hands and seals the day and year above written, and we certify that at the time of the execution thereof, the said Testator was of sound and disposing m~ mem~r~ (SEAL) Residing at: }l~ ~.'~6e~DQd Dr. , Harr,'s bu._ , '-PA Page 10 of 10 pages COMMONWEALTH OF PENNSYLVANIA COUNTY OF D61~ph(n : SS: : We, AARON NORDENBERG, ~'[C(,r]l¢\/ ,/~,~i,'¥1i'f-~z] and /~16~e,l~o~ the Testator and the Witnesses, respectively, whose names are signed to the foregoing instrument, having been sworn, do hereby declare to the undersigned officer that the Testator, in the presence of the Witnesses, signed said instrument as his Last Will and Testament, that he signed voluntarily, that each of the witnesses, in the presence of the Testator and of each other, signed said Will as a witness and that to the best of the knowledge of each witness, the Testator was at the time of sound mind and under no co~traint or~Andue~nf~ence. Wi~ss L/ Subscribed and acknowledged before me by AARON NORDENBERG, the Testator, and subscribed and sworn to before me by the witnesses, on thisc~9~ day of ~~~%.. 2000 Notary ~lic My Commission Expires: (SEAL) Notadal Seal Cindy L. Leitzel, Notary Public Harrisburg, Dauphin County My Commission Expires Dec. 2, 2002 Member, Pennsylvania Association of Notaries Name of Decedent: Date of Death: Will No. To the Register: CERTIFICATE OF NOTICE UNDER RULE 5.6(a) Aaron Nordenberg May 7, 2004 000499 of 2004 Adm. No. 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 April 23, 2004. Name Address Mrs. Ruth Nordenberg Ms. Uriel Nordenberg Ms. Tamar Nordenberg Advest Bank and Trust Company, Successor Trustee, The Aaron Nordenburg Revocable Trust ATTENTION: James M. Fernberger 530 Colony Road Camp Hill, PA 17011 P.O. Box 16161 Chesapeake, VA 23328 18312 Dundonnel Way Olney, MD 20832 Baltimore, MD 21209 261 Old York Road Suite 923 Jenkintown, PA 19046 Notice has now been given to all persons entitled thereto under Rule 5.6(a) except NO EXCEPTIONS. Date: June _2~, 2004 Signature: Name: Address: Rhoads & Sinon LLP P.O. Box 1146 Harrisburg, PA 17108-1146 Telephone: (717) 233-5731 Capacity: Personal Representative X Counsel for Personal Representative 522643. I 1.; >~:~i">l /~,jl/ "." - ~>: \ (':"~~O'(:(~~S 'i~:!~\ .Kr1\ ~ =~~:= Yvonne R. Durham & SINON LLP Phone (717) 231-6677 Fax (717) 232-\459 ydurham@rhoads-sinon.com FILE NO 7032/03 February 2, 2005 Re: Estate of Aaron Nordenbere: File No.: 21-04-0499 HAND DELIVERY Ms. Glenda Famer-Strasbaugh Register of Wills Cumberland County Courthouse I Courthouse Square Carlisle, P A 17013 Dear Ms. Farner-Strasbaugh: Enclosed are the following for the above-captioned Estate: 1. Pennsylvania fuheritance Tax Return, in duplicate; 2. Inventory; 3. Check in the sum of$59,001.37 in payment of the balance of tax due; 4. Check in the sum of $30.00 in payment of your filing fees for the Return and Inventory; and 5. Copy, Federal Estate Tax Return. Very truly yours, Enclosures RHOADS & SINON LLP BY:~' ~0<~~J-u'~ Y v e R. Durham P egal I C,.,) u: 549536.1 Rhoads &: Sinon LLP . Attorneys at Law. Twelfth Floor. One South Markel Square. P.O, Box 1146 Harrisburg, PA 171 08-1146 . ph (717) 233-5731 . Ix (717) 232-1459 . www.rhoads-sinon.com Register of Wills of Cumberland County, Pennsylvania INVENTORY Estate of Aaron NordenberQ also known as , Deceased No. 00499 of 2004 Date of Death May 7.2004 Social Security No. 016-42-0769 I. RUTH NORDENBERG. Personal Representative of the above Estate, deceased, verify that the items appearing in the following inventory indude aU of the personal assets wherever situate and all of the real estate in the Commonwealth of Pennsylvania of said 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 appears in a memorandum at the end of this inventory. I verify that the statements made in this Inventory are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. Section 4904 relating to unsworn falsification to authorities. Name of Attorney: 1.0. No.: Address: Personal Representative: Telephone: Stanley A. Smith, Esquire 33782 Rhoads & Sinon LLP. P.O. Box 1146 Harrisburg, PA 17108-1146 (717) 233-5731 Ru~+cumx Date Description Value 1998 T oyola Camry Sedan $6,285.00 85.25 Credit Plus Collection Services, remittance of fees due decedent Medcohealth, reimbursement 230.21 o :n =.\~J I (..,j CJ (;1 (Attach Additional Sheets If necessary) Total: $6,600.46 NOTE: The Memorandum of real estate outside the Commonwealth of Pennsytvania 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. Fonn RW_7 (Dauphin CouOly - Re.... Wt<l2) 547432.1 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT,280601 HARRISBURG. PA 17128~0601 REV-1162 EX(11-96) RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NORDEN BERG RUTH 530 COLONY ROAD CAMP Hill, PA 17011 _nn'__ fold ESTATE INFORMATION: SSN: 016-42-0769 FILE NUMBER: 2104-0499 DECEDENT NAME: NORDEN BERG AARON DATE OF PAYMENT: 02/03/2005 POSTMARK DATE: 02/03/2005 COUNTY: CUMBERLAND DATE OF DEATH: 05/07/2004 NO. CD 004913 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 I $59,001.37 I I I I I I I I TOTAL AMOUNT PAID: $59,001.37 REMARKS: RHOADS & SINON CHECK# 24507 SEAL INITIALS: RSK RECEIVED BY: REGISTER OF WILLS GLENDA FARNER STRASBAUGH REGISTER OF WillS ~ " " ~\ \ '4. "" '=;S..~ - ,,"t.... "-"'-'-'-'I.. ""-~"'''' "'>.~ REV-1500 EX (6-00) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 260601 HARRISBURG, PA 17128.0601 REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT I- Z w C w o w C DECEDENl'S NAME (LAST, FIRST, AND MIDDLE INITIAL) Nordenberg Aaron DAlE OF OEAlH {MM-DD-YEAR) DAlE OF BIRTH (MM-OO-YEAR) 5/7/2004 9/24/1936 (IF APPUCABlE) SURVNlNG SPOUSES NAME (LAST, FIRST, AND MIDDLE INITIAL) Ruth Nordenberg 00 1. Original Return D 4. limited Estate 00 6. Decedent Died Testate {Attach lXIpy of Will) 09. W I- ::.::$0 ,,"''''' w"" ",00 ,,"'.... .... ~ LItigation Proceeds Received ",;:;,;.",,__c 1;""""."""'.'" I- Z W C Z C .. "' w a: a: c " NAME Stanley A. Smith, FIRM NAME (If Applicable) Rhoads & Sinon LLP lELEPHONE NUMBER 717-233-5731 Esquire Harrisburg, PA 1. Real Estate (Schedule A) (1) (2) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or SoIe-Proprietorshlp (3) 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) (4) (5) z o i= ~ :;) l- ii: < o w DI: 6. J~ Owned Property (Schedule F) U Separate Billing Requested 7. Inter-Vivos Transfers & Miscetlaneous Non-Probate Property (7) (Schedule G or l) (6) OFTIC14.l.. USE ONLY FILE NUMBER 21 04 0499 ___ YEAR t>lJMBER COUNTY CODE SOCIAL SECURITY NUMBER OU-42-0769 THrSRETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER 019-32-4663 17108 0.00 0.00 0.00 0.00 6,600.46 89.66 :O=FIClAL usEti~ Y ~r'~ p ~~;:7 "rfi OJ l i~, ~:,::;.:; D 2. Supplemental Retum D 3. Remainder Return (date of death prior 10 12-13-82) o 4a. Future Interest Compromise (dale of death after 12-12-62) 00 5. Federal Estate Tax Return Required 00 7. D900dent Maintained a L\\IingTrust jAltach copyotTrusl) L 8. Total Number of Safe Deposit Boxes o 10. Spousal Poverty Credit (llate o/llnu'l belween 12-31-91 irw;ll.1-9S) D 11. Election to tax under Sec. 9113(A)(AllacllSthOI _ljl1NtEr~!1!iGONfiQ,,~ili\";jNFeMl'T1ON:s~i!IIJ_~Jiil. COMPLETE MAILING ADDRESS P. O. BoX 1146 3,8U,896.88 3,820,587.00 8. Total Gross Ass&ts (total LInes 1-7) 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) 12. Net Value of Estate (Line B minus Line 11) 13. CharItable and GovernmeMal Bequests/See 911'3 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of LIne 14 taxable at the spousal tax 2,459,228.09 ~(15) Z rate, or transfers under Sec. 9116 (a)(1.2) x .0 0 >= 16. Amount of Une 14 taxable at lineal rate 1,311,141. 60 x .0 45 116) .. I- ::> 0.00 .. 17. Amount of Line 14 taxable at sibling rate x.12 (17) :E 0 0.00 " 18. Amount of LIne 14 taxable at collateral rate x .15 (18) >< .. 19. Tax Due I- (19) 20.0 CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT >" BE SURE TGi,'~SWelf1WkCiI!JES-:{\l)NS ON REVERSE SIDE IINDRECHECK MAlli 0<0< " . ,";s,;;,~., -/. 3W46451.000 (8) 39,192.40 0.00 (11) C,,) (7\ 39,192.40 (12) 3,781,394.60 11,024.91 (13) 3,770,369.69 (14) 59,001.37 0.00 0.00 59,001.37 0.00 d 'C Add Dece ent s omplete ress: STREET ADDRESS 530 Colony Road Cumberland a1Y I STATE I ZIP Camp Hill PA J.70l1- Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 59,001. 37 0.00 0.00 0.00 Total Credits (A + B + C) (2) 0.00 3. Interest/Penalty if applicable D. Interest E. Penalty 0.00 0.00 Total Interest/Penalty (D + E) (3) 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMEN,. Check box on Page 1 Line 20 to request a refund (4) 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the ,AX DUE. (5) 59,001.37 A. Enter the interest on the tax due. (SA) 0.00 B. Enter the total of Line 5 + SA. This is the BALANCE DUE. (58) 59,001. 37 Make CheCkr;;;::: to: REGISrER OFWlLL5, AGENT ~~-~ PLEASE ANSWER ,HE FOLLOWING QUES;:JONS 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;. . . . . . . . . . . . . . . ~ 0 b. retain the right to designate who shall use the property transferred or its income; . [K] D c. retain a reversionary interest; or ... . . . . . . . . . . . . . . . . . . . . . [K] D d. receive the promise for life of anhaT payments, benefits or care? . . . . . . . . . D []1 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . . . . . , . . . . . . . . . . . . . . . . . . . . .. [KJ D 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? D [!t 4. DId decedent own an Individual RetIrement Account, annuity, or other non-probate property which contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. /ZJ 0 IF THE ANSWER TO ANY OF THE ABOVE QUEnlONS IS YES, YOU MUS' COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RE,URN. Declaration of preparer other than the perwna\ ~en\a\Ne is based OIl all inlormalion of which preparer has any knowledge, -z-\ PERSON RESPONSIBLE FOR FILING REnJRN Ruth Nordenberg, Executrix DATE Z/1/05 P.O. Box lJ.46 ATlVE Hsrrisburg, PA 17108 Rhoa ADORESS P. O. Box 1146 Harrisburg, PA J.7108-1146 For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net wlue of transfers to Of forthe use of the SUrviving spouse is 3% 172 P.S. ~ 9916 (0) 11.1) 0)]. For dates of death on or after January 1, 1995, the tax me imposed on the net value of transfers to or tor the use of the surviving spouse Is 0% [72 P.S. 5 9116 (a) (1.1) (H)] The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosuC9 of assets al"Id filing a tax return are s1~1 applk:able 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 ofthe child Js 0% [72 P.S. 59116(a)(1.2)). The tax rate imposed on the net value of transfers to or for the use ofth8 decedent's lineal beneficiaries Is 4,5%, except as noted In 72 P.S. ~ 9116(1.2) [72 P.S. 59116(a)(1 )]. The tax rate impOSed on the net valUe of transfers to or for the use of the decedenfs siblings is 12% (72 P.S, 59116(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. 3W46461.000 REV-1504 EX + (&98) COMMONWEAL 1H OF PENNSYLVANIA INHERITANCE TAX RETURN SCHEDULE C CLOSELY-HELD CORPORATION, PARTNERSHIP OR SOLE-PROPRIETORSHIP ESTATE OF FILE NUMBER Aaron Nordenberg 2J. 040499 Schedule C-1 or C-2 (including all supporting Information) must be attached for each closely-held corporation/partnership interest of the decedent, other than a sole-proprietorship. See instructions for the supporting information to be submitted for sole-proprietorships. ITEM NUMBER DESCRIPTION VAlUE AT DATE OF DEATH 1.J. The Aaron Nordenberg Revocable Trust described at Schedule G, Item 8 of this Return, owned a 25% interest in Polecat Enterprises, A limited partnership. See Schedule C-2 and attached exhibits for valuation and supporting information. 3W46971.000 TOTAl (Also enter on line 3, Recapitulation) (If more space is needed, insert additional sheets of the same size) $ REV-1506 EX + {1-97} (I) COMMONWEALTH OF PENNS'<\.VANtA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE C-2 PARTNERSHIP INFORMATION REPORT Aaron Nordenberg 1. Name of Partnership Polecat Enterprises Address 3130 Fishing Creek Valley Road City Harrisburg State PA FILE NUMBER 21-04-0499 ESTATE OF Date Business Commenced 7/25/77 Business Reporting Year Calendar Zip Code 17112 2. Federai Employer I.D. Number 23-2055372 3. Type of Business Development Product/Service Land - Real Estate 4. Decedent was a 0 Generai Qj Limited partner. if decedent was a limited partner, provide initial investment $ 5. PERCENT OF PERCENT OF BALANCE OF PARTNER NAME INCOME OWNERSHIP CAPITAL ACCOUNT A. !~e:i~~~~m/~81j8enoerg !ruse 257. 25% 11,600 B. Olarles K. Vandenburgh 50% 507. 23,299 C. H. James Whitson 25% 257. 11,599 D. 6. Vaiue of the decedent's interest $ 32,410 7. Was the Partnership indebted to the decedent? DYes ~No If yes, provide amount of indebtedness $ - 0 - 8. Was there iife insurance payable to the partnership upon the death of the decedent? DYes []No If yes, Cash Surrender Vaiue $ Net proceeds payable $ Owner of the poiicy 9. Did the decedent sell or transfer an interest In this partnership within one year prior to death or within two years ~ the date of death was prior to 12-31-82? DYes ~No II yes, DTransfer DSale Percentagetransferredlsold Transferee or Purchaser Consideration $ Date Attach a separate sheet for additional transfers and/or sales. 10. Was there a written partnership agreement in effect at the time of the decedent's death? If yes, provide a copy of the agreement. 11. Was the decedent's partnership interest sold? 0 Yes ~ No If yes, provide a copy of the agreement of sale, etc. 12. Was the partnership dissolved or liquidated after the decedent's death? []Yes DNo Dyes [!<JNo If yes, provide a breakdown of distributions received by the estate, including dates and amounts received. 13. Was the decedent reiated to any of the partners? DYes [!<J No If yes, explain 14. Did the partnership have an interest in other corporations or partnerships? Dyes [!<JNo If yes, report the necessal'f Information on a separate sheet, including a Schedule C-1 or C-2 for each interest. A. Detailed calculations used in the valuation of the decedent's partnership interest. B. Complete copies of financial statements or Federal Partnership Income Tax returns (Fonn 1065) for the year of death and 4 preceding years. C. If the partnership owned real estate, submit a list showing the complete address/es and estimated fair mar1<et value/s. If real estate appraisals have been secured, attach copies. D. Any other infonnation relating to the valuation of the decedent's partnership interest. STFPA42021F.7 REV-150B EX.y (6-98) COMMONWEAL TIi OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF Aaron Nordenberg FILE NUMBER 21040499 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jOlntly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 Credit Plus Collection Servic.es Remittance of fees due decedent 85.25 2 Reimbursement, Medcohealth 230.21 3 1998 Toyota Camry sedan Valued per Kelley Blue Book 6,285.00 3W46AD 1.000 TOTAL (Also enter on line 5 Recanitulatlon' t (If more space is needed, insert additional sheets of the same siz:e) 6,600.46 REV.1509 EX.y (6-98) COMMONWEAL lH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Aaron Nordenbera SCHEDULE F JOINTLY-OWNED PROPERTY FILE NUMBER 21 04 0499 If an asset was made joint within one year of the decedent's date of death, It must be reported on Schedule G. SURVIVING JOJNTTENANT(S) NAME A. Nordenberg, Liora ADDRESS RELATIONSHIP TO DECEDENT 6905 Harrowdale Road, Apt. 102, Baltimore, Me 21209 Daughter 8. Nordenberg, Ruth 530 Colony Road, Camp Hill, PA 17011 Surviving Spouse c. JOINTLY-OWNED PROPERTY: ""'" DATE DESCRIPTION OF PROPERTY %Ol' DAl'E OF DEAlH ITEM KlRJOINT MADE INCLIJOE tWIoE. O~ I'ltw-lClAl INSTI'T\JTlON.IINJ BANK ACCOUNT DATE OF DEATIi DECO'S VALUE OF NUMBER ,,- JOINT N..MIIER OR SIMIlAR IDENTIFYING NUMBER. ATTACH DeeD FOR VALUE OF ASSET INTEREST DECEDENrSINTEREST JQINTly-te.DREALeSTATE 1. A. 1 BA 11/15/2001 PNC Bank Checking Acct. #8604317013. This is the account of decedentls daughter, Liora, funded with Liora's monies, which was also titled in her parents' names for convenience purposes. 268.97 33.300 89.66 TOTAL (Also enter on line 6 RecanituJation) $ 89.66 3W46AE 1.000 (If more space is needed, insert additional sheets of the same size) REV-1510 EX + (6-98) SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX REruRN RESIDENT DECEDENT ESTATE OF Aaron Nordenberg FILE NUMBER 04210499 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBE 1. DESCRIPTION OF PROPERlY ~T'roEII\I\MEOFnelRANSFEREe. THEIR RELATIONSHIP TO DeCEDENT AN) 1l-EDA1EOFTRAl6ER.ATIACl1ACOPYO~ Tl-EOEED FORRfAL ESTATE 04/28/2004, Gift of cash to decedentls daughter, Tamar Nordenberg 2 05/13/2003, Gift of cash to decedent's son, Uriel Nordenberg 3 04/28/2004, Gift of cash to decedent's son, Uriel Nordenberg 4 Advest Bank IRA Acct. #WJN-803318. Beneficiary, spouse, Ruth Nordenberg. Interest accrued to 5/7/2004 A valuation of the account assets as of decedentls date is attached as an exhibit to this return. 5 Advest Bank IRA Acct. #WJN-806198. Beneficiary, spouse, Ruth Nordenberg. Interest accrued to 5/7/2004 A valuation of account assets as of decedentls date of death is attached as an exhibit to this return. 6 Advest Bank Defined Contribution Pension Plan Acct. #WJN-950060. Beneficiary, spouse, Ruth Nordenberg. Interest accrued to 5/7/2004 Total from continuation pages DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST 1.1,000.00 1.00.000 1.1,000.00 1.00.000 1.1,000.00 1.00.000 1,11.4,928.73 1.00.000 8,1.13.89 100.000 150,570.87 1.00.000 83.20 100.000 1,055,830.90 100.000 4,293.65 100.000 3W46AF 1.000 (If more space Is needed, insert ooditional sheets ofthe same size) TOTAL (Also enter on line 7, Recapitulation) $ EXCLUSION IF.4PA...iCABlE\ 3,000.00 3,000.00 3,000.00 0.00 0.00 0.00 TAXABLE VALUE 8,000.00 8,000.00 8,000.00 1,114,928.73 8,11.3.89 150,570.87 83.20 1,055,830.90 4,293.65 1.,456,075.64 3,813,896.88 Estate of: Aaron Nordenberg Item No. Description A valuation of the plan assets as of decedent's date of death is attached as an exhibit to this return. 7 Advest Bank Defined Contribution Pension Plan Acct. #WJN-951678. Beneficiary, spouse, Ruth Nordenberg.. Interest accrued to 5/7/2004 A valuation of the plan assets valued as of date of death is attached as an exhibit to this return. 8 The Aaron Nordenberg Revocable Trust under Agreement dated August 25, 2000. The Trust assets pass at decedent's death to a Unified Credit Trust and to a Marital Trust, as more fully described in the Agreement of Trust. Interest accrued to 5/7/2004 A date of death valuation of the Trust assets and a copy of the Agreement of Trust are attached as exhibits to this return. Schedule G (Page 2) DOD Value of Asset 119,006.92 100.000 70.10 100.000 1,320,031.50 100.000 16,967.12 100.000 Tota1 (Carry forward to main schedule) Exclusion 0.00 0.00 Taxable Value 119,006.92 70.10 1,320,031.50 16,967.12 1,456,075.64 REV-1511 EX.. (12-99) COMMONWEALTH OF PENNSYlVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT EST ATE OF Aaron NordenberQ SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS Debts of decedent must be reported on Schedule I. FILE NUMBER 21 04 0499 ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Beth El Cemetery Association 3,675.00 Total from continuation pages 9,450.40 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s) I EIN Number of Personal Representative(s) - - Street Address City State Zip Year(s) Commission Paid: 2. Attorney Fees Rhoads & Sinon LLP 22,000.00 3. Family Exemption: (\1 decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees 67.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. 1 Rhoads & Sinon LLP Out-of-pocket expenses 1,500.00 2 RESERVE for filing First and Final Accounting 2,500.00 TOTAL (Also enter on line 9. Recapitulation) $ 39,192.40 3W46AG 1.000 (If more space is needed, insert additional sheets of the same size) Estate of: Aaron Nordenberg Item No. 2 3 4 5 Description Brachendorf Memorials Grave memorial, cemetery charge and Cantor fee Rabbi Reese Funeral Home Funeral and burial services The Patriot News Co~ Obituary Schedule H part 1 (Page 2) Amount 2,926.00 500.00 5,870.00 154.40 Total (Carry forward to main schedule) 9,450.40 REV-1513 EX+ (9-00) SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYlVANIA INHERITANCE TAX RElURN RESIDENT DECEOENT ESTATE OF Aaron NordenberQ NUMBER I NAME AND ADDRESS OF PERSON(S) RECEIVING PRCPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1 Liora Nordenberg 6905 Harrowdale Road, Apt. 102 Baltimore, Me 21209 interest in joint account, $44.83 One-third interest in taxable portion of Unified Credit Trust created u/Article III (A) of Agreement of Trust dated 8/25/2000, $429,032.26 (This is a sprinkle trust) FILE NUMBER 21040499 RElATIONSHIP TO DECEDENT AMOUNT OR SHARE Do Not List Trustee{s) OF ESTATE Daughter 429,077.09 Total from continuation pages 3,341,292.60 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 16, AS APPROPRIATE, ON REV.1500 COVER SHEET II NON.TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 1 GST Exempt Marital Trust created u/Article III (B) of Agreement of Trust dated 8/25/2000 B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 3W46AJ1,OOO TOTAL OF PART II. ENTER TOTAL NON.TAXABLE DISTRIBUTIONS ON LINE 13 OF REV.1500 COVER SHEET (If more space IS needed. Insert addItIOnal sheets of the same sIze) $ 11,024.91 11,024.91 Schedule J part 1 (Page 2) Estate of: Aaron Nordenberg Item No. Description Relation Amount 2 Tamar Nordenberg 18312 Dundonnel Way Olney, Me 20832 Transfer, $8,000 One-third interest in taxable portion of Unified Credit Trust created u/Article III (A) of Agreement of Trust dated 8/25/2000, $429,032.26 (This is a sprinkle trust) Daughter 437,032.26 3 Uriel Nordenberg P. O. Box 16161 Chesapeake, VA 23328 Transfers, $16,000 One-third interest in taxable portion of Unified Credit Trust created u/Article III (A) of Agreement of Trust dated 8/25/2000, $429,032.25 (This is a sprinkle trust) Son 445,032.25 Total (Carry forward to main schedule) 882,064.51 Schedule J part 1 (Page 3) Estate of: Aaron Nordenberg Item No.. Description Relation Amount 4 Ruth Nordenberg 530 Colony Road Camp Hill, PA 17011 1998 Toyota Camry sedan Valued per Kelley Blue Book Inventory Value. 6,285.00 Advest Bank Defined Contribution Pension Plan Acct. #WJN-950060. Beneficiary, spouse, Ruth Nordenberg. Inventory Value: 1,055,830.90 Accrued. 4,293.65 Advest Bank Defined Contribution Pension Plan Acct. #WJN-951678 Inventory Value: 119,006.92 Accrued: 70.10 Advest Bank IRA Acct. #WJN-803318. Beneficiary, spouse, Ruth Nordenberg. Inventory Value: 1,114,928.73 Accrued: 8,113.89 Advest Bank IRA Acct. #WJN-806198. Beneficiary, spouse, Ruth Nordenherg. Inventory Value: 150,570.87 Accrued. 83.20 Interest in joint account, $44.83 Surviving Spouse 2,459,228.09 Total (Carry forward to main schedule) 2,459,228.09 ESTATE OF AARON NORDENBERG SSN: 016-42-0769 DOD: 05/07/2004 PENNSYLVANIA INHERITANCE TAX INDEX TO EXHIBITS Document Return Reference 1. Last Will and Testament Page 1, line 6 2. The Aaron Nordenberg Revocable Trust Page 1, line 7 Schedule G, Item 5 3. Valuation of Assets, Advest Bank IRA Acct. Schedule G, Item 4 #WJN-803318 4. Valuation of Assets, Advest Bank IRA Acct. Schedule G, Item 5 #WJN-806198 5. Valuation of Assets, Advest Bank Schedule G, Item 6 Defined Contribution Pension Plan Acct. #WJN-950060 6. Valuation of Assets, Advest Bank Schedule G, Item 7 Defined Contribution Pension Plan Acct. #WJN-95 1678 7. Valuation of Assets, The Aaron Nordenberg Schedule G, Item 8 Revocable Trust, including supporting documentation for Polecat Enterprises 8. Calculation of Assets Passing to Trust A and Trust C Schedule J 547420.1 LAST WILL AND TESTAMENT OF AARON NORDENBERG I, AARON NORDENBERG, of Camp Hill, Cumberland County, Pennsylvania, being of sound and disposing mind and memory, do make, publish and declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils by me at any time previously made. I am married to Ruth Nordenberg (hereinafter referred to as "My Spouse") and the children born of our marriage are Uriel N. Nordenberg, Tamar S. Nordenberg and Liora D. Nordenberg. As used herein the term "my children" shall refer to the aforelisted children born of my marriage with My Spouse. 1. TANGIBLE PERSONALTY. I give and bequeath all of my household furniture and furnishings, automobiles, books, pictures, jewelry, china, crystal, appliances, silverware, wearing apparel, articles of household or personal use or adornment, collections, artworks and vehicles, together with all policies of insurance thereon, to My Spouse, if My Spouse survives me. If My Spouse does not survive me, I give such articles to my children living at my death in as nearly equal shares as they shall select under the supervision of my Executor it being my request that my children be Page 1 of 10 Pages 345388.1 guided by any requests which I may express in any memorandum left with this Will. Any cost of packing and shipping said personalty to the beneficiaries, including insurance, shall be paid by my Executor as a general administration cost. If any such articles cannot be fairly divided or distributed in kind in the opinion of my Executor, such articles shall be sold and the proceeds thereof shall pass as a part of my residuary estate. 2. RESIDUE. I give, devise and bequeath all the rest and residue of my property, real, personal and mixed, not disposed of in the preceding portions of this Will, including all property over which I hold a power of appointment (which powers of appointment I hereby exercise in favor of my estate), to the then Trustee of "The Aaron Nordenberg Revocable Trust" created by a trust agreement dated the same date as this Will between me, as Settlor, and Aaron Nordenberg and Ruth Nordenberg, as Trustees, to be held, administered and disposed of in accordance with such trust, as it is in effect at my death. 3. SPENDTHRIFT PROVISION. No interest in income or principal of my estate shall be subject to attachment, levy or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy of any beneficiary of my estate prior to the beneficiary's actual receipt thereof. My Executor shall pay over the net income and the principal to the beneficiaries herein Page 2 of 10 pages J designated, as their interests may appear, without regard to any attempted anticipation (except as may be specifically provided herein), pledging or assignment by any beneficiary of my estate and without regard to any claim thereto or attempted levy, attachment, seizure or other process against said beneficiary. 4. SURVIVAL PRESUMPTIONS. Any person, other than My Spouse, who shall have died at the same time as I or under such circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have predeceased me. If My Spouse and I shall have died at the same time or under such circumstances that it is difficult or impossible to determine who shall have died first, My Spouse shall be deemed to have survived me. 5. FIDUCIARY POWERS. In the settlement of my estate, my Executor shall possess, among others, the following powers, exercisable without prior court approval, but in all cases to be exercised for the best interests of the beneficiaries: (a) To retain any investments I may have at my death so long as my Executor may deem it advisable to my estate so to do, including securities owned, issued or underwritten by any corporate Executor or any of its affiliates. (b) To vary investments, when deemed desirable by my Executor, and to invest in such bonds, stocks, notes, real estate mortgages or other securities or in such other real or personal property, including securities owned, issued or underwritten by any corporate Executor Page 3 of 10 pages or any of its affiliates, or as to which my corporate Executor or any of its affiliates are investment advisors, as my Executor shall deem wise, without being restricted to so-called "legal investments". (c) In order to effect a division of the principal of my estate or for any other purpose, including any final distribution of my estate, my Executor is authorized to make said divisions or distributions of the personalty and realty partly or wholly in kind. If such division or distribution is made in kind, said assets shall be divided or distributed at their respective values on the date or dates of their division or distribution. In making any division or distribution in kind, my Executor shall divide or distribute said assets in a manner which will fairly allocate any unrealized appreciation among the beneficiaries. (d) To sell either at public or private sale and upon such terms and conditions as my Executor may deem advantageous to my estate, any or all real or personal estate or interest therein owned by my estate severally or in conjunction with other persons or acquired after my death by my Executor, and to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers, conveying a fee simple title, free and clear of all trust and without obligation or liability of the purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may be necessary or desirable in carrying out any of the powers conferred upon my Executor in this paragraph or elsewhere in this Will. (e) To mortgage real estate and to make leases of real estate for any term. (f) To borrow money from any party, including my Executor, to pay indebtedness of mine or of my estate, expenses of administration, Death Taxes or other taxes. Page 4 of 10 pages (gl To pay all costst'expensesi~legally enforceable debts, funeral expenses and charges in connection with the administration of my estate. (h) To vote any shares of stock which form a part of my estate or trust and to otherwise exercise all the powers incident to the ownership of such stock and to actively manage and operate any incorporated or unincorporated business, including any joint ventures and partnerships, and to incorporate any such unincorporated business, with all the rights and powers of any owner thereof. (i) In the discretion of my Executor to unite with any other owners of similar property in carrying out any plans for the reorganization of any corporation or company whose securities form a part of my estate. (j) To assign to and hold in my estate an undivided portion of any asset. (k) To hold investments in the name of a nominee. (1) To compromise controversies. (m) To disclaim, in whole or in part, any and all interests in property owned by me at the time of my death, including those passing to me by Will, intestacy, contract, joint ownership, operation of law or otherwise. (n) To designate one or more persons or a corporation to act as anCillary fiduciary in any jurisdiction in which ancillary administration may be necessary, such ancillary fiduciary to serve without bond or security and to have all powers, authorities and discretions conferred hereunder. (0) To employ and compensate from income or principal, in the discretion of my Executor, investment and legal counsel, accountants, brokers and other specialists (including Advest, Inc. and other affiliated companies of any corporate Executor), and, whenever there shall be no corporate Executor in office, a corporate custodian, and to delegate to investment Page 5 of 10 pages I - counsel discretion twi th'respectdito ',the",investment [',and reinvestment of any or'all of the assetsnneldthereunder. > ,'" (~~J :-:::.I,,,i. (yf O'l::'t~,; ~T~l:~::' i I,J'. : (p) To elect under Section 2652(a) (3) of the Internal Revenue Code of 1986, as amended (the "Code"), to treat me as the transferor of any qualified terminable interest property with respect to which my estate was allowed a deduction under Section 2056(b) (7) of the Code and to allocate any of my exemption from federal generation skipping transfer tax under Section 2631 of the Code to any property as to which I am the deemed transferor under Section 2652(a) of the Code, regardless of whether or not the property with respect to which such election or allocation is made is part of my probate estate. Any such election or allocation shall be made in the sole discretion of my Executor and shall be binding upon all persons, including the then trustee of any inter vivos trust created by me, and such Executor shall not be personally liable for exercising any such discretion in good faith. 6. EXCULPATORY CLAUSES. In the settlement of my estate: (al My Executor shall not be personally liable for loss to my estate or to My Spouse's estate or to any beneficiary of either estate resulting from my Executor's decision made in good faith whether or to what extent to elect on the federal estate tax return prepared on behalf of my estate to have a portion or all of certain "qualified terminable interest property" treated as having passed to My Spouse in order to qualify for the federal estate tax marital deduction; and the decision of my Executor shall be binding and conclusive upon all beneficiaries of my estate, including the then trustee of any inter vivos trust created by me which constitutes a part of my federal gross estate. (b) My Executor shall not be personally liable for any loss to my estate or to any beneficiary of my estate resulting from an election made in good faith to claim a deduction as an income tax deduction or as an estate tax deduction; nor, as a result of such election, shall any Page 6 of 10 pages v--.'. ""'''''~'''''''li compensating adjustments be made between income and principal or in the amount of any gift under this Will to My Spouse intended to qualify for the marital deduction for federal estate tax purposes. (c) In valuing property in my gross estate for the purposes of any Death Tax, my Executor shall not be personally liable for any loss to my estate or to any beneficiary of my estate resulting from my Executor's decision made in good faith to use a particular valuation date; nor, as a result of such decision, shall any compensating adjustment be made in the amount of any gift under this Will to My Spouse intended to qualify for the marital deduction for federal estate tax purposes. 7. TAX CLAUSE. All inheritance, estate and similar taxes becoming due by reason of my death, except any taxes relating to generation skipping transfers imposed under Chapter 13 of Subtitle B of the Internal Revenue Code, as amended ("Death Taxes"), whether such Death Taxes shall be payable by my estate or by any recipient of any property, shall be paid by my Executor out of the property passing under ITEM 2 of this Will as an expense and cost of administration of my estate (and charged against the property passing under ARTICLE IV of the Trust referenced in such ITEM 2, or if such Death Taxes exceed the property passing under ARTICLE IV, then out of the property passing under ARTICLE VI of such Trust); provided, however, that if any property held in any testamentary or inter vivos trust created by My Spouse is includable in my estate for purposes of any Death Tax, then any Death Tax attributable to the inclusion of any such property in my Page 7 of 10 pages '- ....~__~lllI"."'l'Jl,:ol",..,_ _.~, ._IU..) _..~~). ~'.~, ,1:1 L ;JMI'IIA r,,,",_"-"'''''.'i'"''IPW",,~,,''''','''''iI':,:,,,......';;.'''~,W'~''''''''''''''_I"'.' "~"" estate for the purposes of that Death Tax shall be paid out of such property or the recipients of such property; and if such Death Taxes are nevertheless paid by my Executor, I direct my Executor to obtain reimbursement or contribution for any such taxes paid by my Executor. Except to the extent above provided, My Executor shall have no duty or obligation to obtain reimbursement for any Death Taxes paid by my Executor, even though paid with respect to proceeds of insurance or other property not passing under this Will. 8. CUSTODIAN OF ESTATES. If at any time any individual under the age of twenty-one shall be entitled to receive any assets free of trust by reason of my death, whether payable hereunder, by operation of law or otherwise, I appoint my Executor hereinafter named as Custodian for such individual under the Pennsylvania Uniform Transfers to Minors Act. 9. EXECUTOR APPOINTMENT. I hereby appoint My Spouse, RUTH NORDENBERG, as Executrix of this will. If for any reason My Spouse should fail or cease to act, I appoint ADVEST BANK AND TRUST COMPANY, a federally chartered savings bank, as Executor. All references in this Will to my "Executor" shall refer to my originally named Executrix, to my successor Executor, as the case may be. Page 8 of 10 pages ,..~;;','~."'" 10. WAIVER OF BOND; FIDUCIARY FEES, ETC. Any Custodian or Executor shall qualify and serve without the duty or obligation of filing any bond or other security. Any corporate fiduciary , shall be entitled to compensation for services in accordance with the standard schedule of fees in effect when the services are rendered. If Advest Bank and Trust Company serves hereunder, it may utilize the services of its affiliates, including Advest, Inc., and engage in transactions with those affiliates. Such transactions may include, without limitation, the right of any such affiliate, where applicable, to (i) act as broker in connection with any sale or other disposition, or purchase or other acquisition, of any trust assets, (ii) render any investment advice or related services to the estate, (iii) furnish any data processing or other support services in connection with the management or support services or administration of my estate, or (iv) provide any other services to, or enter into any other transactions or arrangements with, my estate. Such affiliates shall be entitled to reasonable compensation for such services which compensation may be paid from the assets of my estate. This compensation may include investment management fees, brokerage fees and commissions, custody fees, referral fees, and, with respect to mutual fund transactions, Rule l2b-l distribution fees. This authorization shall override any other provisions herein to Page 9 of 10 pages ":'~;;:'~WN~~~~~V!~,~~,~#~~;J,'.'.-JJf~"."It_.JlJ~~~_~i~~(~Y;tiiR;~4~4'~~.~~~~ '~>>O:\""~~M"U the contrary and any statutory, common law, or other limitations on self-dealing that might otherwise prohibit such transactions with affiliates of the Bank. IN WITNESS WHEREOF, I have set my hand and seal to this, my Last Will and Testament, consisti of this and the preceding nine (9) pages, this 2 S~h day of , 2000. (SEAL) We, the undersigned, hereby certify that the foregoing Will was signed, sealed, published and declared by the above-named Testator as and for his Last Will and Testament, in the presence of us, who, at his request and in his presence and in the presence of each other, have hereunto set our hands and seals the day and year above written, and we certify that at the time of the execution thereof, the said Testator was of sound and disposing m~~meAn & V~((Jrll114-(SEAL) 0&:(l;;'dit2&'t-t:- ( / (SEAL) Residing at: Page 10 of 10 pages I :"d~1~ld4i:*, COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF Dauphi n We, AARON NORDENBERG, STan I ey A. $ m I H1 and A.5, AileYldeJs.Dhn the Testator and the Witnesses, respectively, whose names are signed to the foregoing instrument, having been sworn, do hereby declare to the undersigned officer that the Testator, in the presence of the Witnesses, signed said instrument as his Last Will and Testament, that he signed voluntarily, that each of the witnesses, in the presence of the Testator and of each other, signed said Will as a witness and that to the best of the knowledge of each witness, the Testator was at the time of sound mind and under no co c9t<.-rdcadLhfrl!- witpETss V Subscribed and acknowledged before me by AARON ~ORDENBERG, the Testator, and subscribed and sworn to before me by Stank\i A . Sm \ rh and A.:r. 1\.1 eV\delsD ~H, , the I witnesses, on this.;2.5-tt,- day of , 2000. My Commission Expires: (SEAL) Notarial Seal Cindy L leitzel, Notary Public Harrisburg, Dauphin County My Commission Expires Dec. 2, 2002 Member, Pennsylvania Association ot Not8ries ~(Q)[PV ~ Original held by Rhoads & Sinon LLP l.:..f'.,~\,,:v),_\- '--\.~,:+-- -.J "THE AARON NORDEN BERG REVOCABLE TRUST" Trustees: Aaron Nordenberg and Ruth Nordenberg 530 Colony Road Camp Hill, PA 17011-1545 Suggested Asset Registration: Aaron Nordenberg and Ruth Nordenberg, Trustees of The Aaron Nordenberg Revocable Trust under Agreement Dated August 25, 2000. Tax Identification Number: 016-42-0769 34~395.l "o'.. :'~:,,~;;~::~t~::~~;,~ REVOCABLE AGREEMENT OF TRUST ". ',.. "The Aaron Nordenberg Revocable Trust" THIS REVOCABLE AGREEMENT OF TRUST ("Agreement") is made and entered into this cfI.,!J-l"- day of A L~ I,")-\- . 2000, by and between AARON NORD ENBERG, of Camp Hill, Cumberland County, Pennsylvania (the "Settlor"), and AARON NORDENBERG and RUlli NORDENBERG, of Camp Hill, Cumberland, Pennsylvania (hereinafter together referred to as the "Trustee"). WITNESSElli: WHEREAS, the Settlor is the owner of the assets listed on Schedule "A"; and WHEREAS, the Settlor may in the future place the active management and control of certain other property in the hands of the Trustee. NOW, TIIEREFORE, for and in consideration of their mutual covenants and promises, the parties agree as follows: - 1 - ARTICLE I Trust Assets The Settlor, or any other party or person, may from time to time make policies of insurance on Settlor's life, individual retirement account benefits, and/or qualified or non-qualified retirement plan benefits payable to the Trustee, or may transfer other assets to the Trustee, subject to the terms of this Agreement, by inter vivos grant or by Will. The trust assets shall include the assets listed on Schedule" A" attached hereto, the proceeds of any insurance policies payable to the Trustee (collectively hereinafter called the "Policies"), and all such other benefits or later added assets (collectively the "Trust Assets"), which shall be held, administered, distributed and governed by the Trustee, IN TRUST NEVERTHELESS, in accordance with the provisions of this Agreement and any amendments hereto. ARTICLE II DurinlZ the Settlor's Lifetime During the Settlor's lifetime, the Trustee shall: (A) Have, hold, manage, invest and reinvest the Trust Assets, collect the income and pay over the net income to the Settlor during the Settlor's lifetime as the Settlor may from time to time request. In addition, the Trustee shall pay such portion or all of the principal of the Trust Assets to the Settlor as the Settlor may from time to time request. Any income not distributed to the Settlor during the calendar year sha1l be added to Trust principal. (B) Pay and use such portion or all of the income and principal of the Trust Assets as the Trustee, in the Trustee's sole discretion, from time to time shall deem necessary to provide for the proper maintenance, support, medical, hospital, nursing or nursing home care of the Settlor. - 2 - (C) In the Trustee's sole discretion, to pay either from the principal or income of the Trust Assets any outstanding bills or obligations owing by the Settlor. (D) Whenever and as often as, in the sole judgment of the Trustee, the Settlor, to whom payments of income and principal are herein directed to be made, shall be unable to act, or shall lack ability or shall otherwise be unable to apply such payments to the Settlor's own best interest and advantage, the Trustee, in the Trustee's sole discretion, may make all or any portion of such payments in anyone or more of the following ways: (I) directly to the Settlor; (2) to the legal guardian or duly authorized agent of the Settlor; or (3) by the Trustee expending the same for the benefit of the Settlor. ARTICLE III Upon the Settlor's Death Upon the death of the Settlor, the Trustee shall divide and distribute the Trust Assets as follows: (A) The Trustee shall place in Trust A (herein referred to as the "Unified Credit Trust") an amount equal to the sum of the balance of the dollar amount not taxed in the Settlor's estate due to the application to the Settlor's estate of (i) the applicable credit amount against federal estate tax permitted under Section 2010 of the Internal Revenue Code of 1986, as amended, or any subsequent successor or parallel provision thereto (the "Applicable Credit"), after taking into account the value, for federal estate tax purposes, of other transfers of the Settlor either during lifetime or at death which utilized or which will utilize a portion of the Settlor's Applicable Credit against federal gift and estate taxes; and (ll) the state death tax credit allowed for federal estate tax purposes (but only to the extent its use will not increase any Death Taxes, other than Pennsylvania Inheritance or Pennsylvania Estate Taxes, owing by the Settlor's estate), IN TRUST NEVERTHELESS, to be - 3 - held, adniinistered and disposed of in accordance with the provisions of ARTICLE IV hereof. (B) The Trustee shall place in Trust B (also herein referred to as the "GST Exempt Marital Trust") that amount of property, if any, that has a value equal to the amount of the Settlor's available generation skipping transfer tax exemption ("GST Exemption"), IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with the provisions of ARTICLE V hereof. For purposes of this ARTICLE, Settlor's "available generation skipping tax exemption" means an amount equal to the generation skipping transfer tax exemption provided in Section 2631(a) of the Internal Revenue Code of 1986, as amended, that has not been allocated by the Settlor or the Executor of Settlor's estate to any other transfer by the Settlor during his lifetime, following his death or otherwise (including the allocation to the Unified Credit Trust which is to be made). (C) The Trustee shall place in Trust C (also herein referred to as the "GST Non-Exempt Marital Trust") such of the Trust Assets as shall not have been distributed pursuant to the preceding paragraphs (A) and (B), IN TRUST NEVER- THELESS, to be held, administered and disposed of in accordance with the provisions of ARTICLE VI hereof. (D) The executor of the Settlor's estate shall have the right to elect on the federal estate tax return prepared on behalf of the Settlor's estate to have a portion or all of the property distributed pursuant to paragraphs (B) and/or (C) of this ARTICLE treated as "qualified terminable interest property" in order to qualifY such portion or all of the property in either or both of said Trusts for the marital deduction for federal estate tax purposes, which election shall be binding and conclusive upon the Trustee. If the Settlor's executor elects to have a portion or all of such assets of either such Trust so qualifY, such elected assets may, at the discretion of the Trustee and so long as the election to qualifY such assets for the federal estate tax marital deduction is not jeopardized, (i) be held and administered by the Trustee as a separate trust estate with the balance, if any, of the assets which are governed by such paragraph also held and administered as a separate trust estate; or (ii) be held and maintained by the Trustee of each such Trust under such paragraph with the non-elected assets as one trust estate. In either case any such trust or trusts shall be held, administered and disposed of in accordance with the provisions of ARTICLE V or VI, as the case may be. - 4 - ARTICLE IV Trust A The Unified Credit Trust The Trustee shall have, hold, manage, invest and reinvest the assets of Trust A, collect the income and (A) If the Settlor's Spouse, RUTH NORDENBERG (the "Settlor's Spouse") survives the Settlor, during the life of Settlor's Spouse, the Trustee shall from time to time pay to or for the benefit of the group consisting of Settlor's Spouse and Settlor's children living from time to time, such amounts of the income and principal of the Unified Credit Trust as, in the sole discretion of the Trustee, shall be deemed necessary for the maintenance, support and medical and nursing care of all or any of the members of such group, and for the education and advancement in life of Settlor's children, including college and graduate education. At the end of each year, any unexpended income shall be added to the principal of the Unified Credit Trust. (B) Upon the death of the survivor of the Settlor and the Settlor's Spouse, the Trustee shall distribute the then remaining principal and any undistributed income of Trust A to the Settlor's issue then living, per stirpes; PROVIDED, HOWEVER, that (i) if any distribution under this paragraph (B) is to a child of the Settlor other than Uriel N. Nordenberg, such child's share shalI be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with ARTICLE VII for the benefit of such child (the "Child's Generation Skipping Trust"); (ii) if any distribution under this paragraph (B) is to Settlor's son, Uriel N. Nordenberg, his share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with ARTICLE IX (the "Uriel N. Nordenberg Trust No. I"); and (iii) if any distribution under this paragraph (B) is to the issue of a deceased child of the Settlor who has not then attained the age of twenty-five years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with ARTICLE XI for the benefit of each such issue (the "Grandchild's Trust"). If the Settlor has no issue living at the death of the survivor of the Settlor and the Settlor's Spouse, then the remaining assets of the Unified Credit Trust shall be distributed pursuant to ARTICLE XII hereof. - 5 - ARTICLE V TrustB (The GST Exemot Marital Trust) The Trustee shall have, hold, manage, invest and reinvest the assets of Trust B, collect the income and (A) If the Settlor's Spouse survives the Settlor, then beginning at the Settlor's death, the Trustee shall pay over the net income of Trust B to the Settlor's Spouse during such spouse's lifetime in quarterly installments and such portions of the principal as, in the sole discretion of the Trustee, shall be necessary for the Settlor's Spouse's maintenance, support, medical and nursing care, taking into consideration any other means readily available for such PUIpOses; provided, however, that none of the principal of the GST Exempt Marital Trust shall be expended for Settlor's Spouse until after the principal of the GST Non-Exempt Marital Trust is completely exhausted. Upon the death of the Settlor's Spouse, the Trustee shall distribute any accumulated income of Trust B to the estate of the Settlor's Spouse. (B) Upon the death of the survivor of the Settlor and the Settlor's Spouse, the Trustee shall distribute the then remaining principal of Trust B to the Settlor's issue then living, per stirpes; PROVIDED, HOWEVER, that (i) if any distribution under this paragraph (B) is to a child of the Settlor other than Uriel N. Nordenberg, such child's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with ARTICLE VII for the benefit of such child (the "Child's Generation Skipping Trust"); (ii) if any distribution under this paragraph (B) is to Settlor's son, Uriel N. Nordenberg, his share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with ARTICLE IX (the "Uriel N. Nordenberg Trust No. I "); and (iii) if any distribution under this paragraph (B) is to the issue of a deceased child of the Settlor who has not then attained the age of twenty-five years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with ARTICLE XI for the benefit of each such issue (the "Grandchild's Trust"). If the Settlor has no issue living at the death of the survivor of the Settlor and the Settlor's Spouse, then the remaining principal of The GST Exempt Marital Trust shall be distributed pursuant to ARTICLE XII hereof. -6- ARTICLE VI TrustC The GST Non-Exemot Marital Trust The Trustee shall have, hold, manage, invest and reinvest the assets of Trust C, collect the income and (A) If the Settlor's Spouse survives the Settlor, then beginning at the Settlor's death, the Trustee shall pay over the net income of Trust C to the Settlor's Spouse during such spouse's lifetime in quarterly installments and such portions of the principal as, in the sole discretion of the Trustee, shall be necessary for the Settlor's Spouse's maintenance, support, medical and nursing care, taking into consideration any other means readily available for such purposes. Upon the death of the Settlor's Spouse, the Trustee shall distribute any accumulated income of Trust C to the estate of the Settlor's Spouse. (B) If the Settlor's Spouse survives the Settlor, then upon the death of Settlor's Spouse, the Trustee shall, from that portion of the balance of the principal of Trust C which Settlor's Executor has elected to qualify as QTIP property for federal estate tax purposes, pay to the appropriate taxing authorities (or to the personal representative of Settlor's Spouse's estate for transmission to such taxing authorities, in the Trustee's discretion) any increase in federal estate taxes or state death taxes in Settlor's Spouse's estate resulting from the QTIP election (or equivalent for purposes of a state inheritance tax) as to both Trust B and Trust C hereunder. Such payments may be made by the Trustee upon receiving from the personal representative of Settlor's Spouse's estate a certification as to the sums needed for such purposes, in which event the Trustee shall be entitled to rely upon such certification. (C) If the Settlor's Spouse survives the Settlor, then the Settlor's Spouse may by Will making specific reference to this power appoint all or any portion of the assets of Trust C to or for the benefit of such one or more of the Settlor's issue, in such amounts and proportions, and in such lawful interest or estates, whether absolutely or in trust, as Settlor's Spouse may appoint by such Will; provided, however, that no appointment shall directly or indirectly benefit such Spouse's creditors or the creditors of the Settlor's Spouse estate. -7 - (0) Upon the death of the survivor of the Settlor and the Settlor's Spouse, the Trustee shall distribute the then principal of Trust C, remaining after any payments required under paragraph (B) and not appointed by Settlor's Spouse under paragraph (C), to the Settlor's issue then living, per stirpes; provided, however, that (i) if any such issue is a child of the Settlor other than Uriel N. Nordenberg, who has not then attained the age offorty years, each such child's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with ARTICLE VIII for the benefit of such Child (the "Child's Trust"); (ii) if Settlor's son, Uriel N. Nordenberg, is entitled to any share under this paragraph (0) and he has not then attained the age of 57 years, then his share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with ARTICLE X (The "Uriel N. Nordenberg Trust No.2"); and (iii) if any such issue is the issue of a deceased child of the Settlor who has not then attained the age of twenty-five years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with ARTICLE XI for the benefit of each such issue (the "Grandchild's Trust"). If the Settlor has no issue living at the death of the survivor of the Settlor and the Settlor's Spouse, then the remaining assets of the GST Non-Exempt Marital Trust shall be distributed pursuant to ARTICLE XII hereof. ARTICLE VIT Child's Generation SkiooinlZ Trust The Trustee shall have, hold, manage, invest and reinvest the assets of each Child's Generation Skipping Trust, collect the income and (A) The Trustee shall pay to the beneficiary of the Child's Generation Skipping Trust (the "Child'') for the Child's lifetime, the net income derived from the Child's Trust in installments not less frequently than quarterly and such amounts of the principal as, in the sole discretion of the Trustee, shall be necessary for the Child's maintenance, support, and medical and nursing care, taking into consideration any other means readily available for such purposes. No principal shall be expended from this Trust for the benefit of the Child until the principal of the Child's Trust under ARTICLE VITI for the benefit of such Child is exhausted. - 8 - (6) The Child may by Will making specific reference to this power appoint all or any portion of the assets of the Child's Generation Skipping Trust to or for the benefit of such one or more the Child's issue or any issue of the Settlor, in such amounts and proportions, and in such lawful interest or estates, whether absolutely or in trust, as the Child may appoint by such Will; provided, however, that no appointment shall directly or indirectly benefit the Child, the Child's creditors or the creditors of the Child's estate. (C) Upon the death of the Child, the then remaining principal and any undistributed income of the Child's Trust not appointed under paragraph (B) shall be distributed to the Child's issue then living, per stirpes; provided, however, that if any such issue shall not then have attained the age of twenty-five years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTIIELESS, each to be held, administered and disposed of in accordance with the provisions of ARTICLE XI for the benefit of each such issue (the "Grandchild's Trust"), or if the Child has no issue then living, then to the Settlor's issue then living, per stirpes; provided, however, that if any such beneficiary is then a beneficiary of a Child's Generation Skipping Trust, The Uriel N. Nordenberg Trust No.1, or Grandchild's Trust hereunder, the share of such beneficiary shall be added to the principal of such Child's Generation Skipping Trust, The Uriel N. Nordenberg Trust No. I, or Grandchild's Trust, as the case may be, as an integral part thereof, to be held, administered and disposed of in accordance with the terms thereof. If the Settlor has issue living at the termination of this Trust, all such assets shall be distributed in accordance with ARTICLE XII of this Trust. ARTICLE VTII The Child's Trust The Trustee shall have, hold, manage, invest and reinvest the assets of the Child's Trust, collect the income and (A) The Trustee shall pay to the beneficiary of the Child's Trust (the "Child") the net income derived from the Child's Trust in installments not less frequently than quarterly and such amounts of the principal as, in the sole discretion of the Trustee, shall be necessary for the Child's maintenance, support, medical and nursing care and education, including college and graduate education, taking into consideration any other means readily available for such pW'pOses. -9- (BJ If at the time of the creation of the Child's Trust the Child shall have then attained the age set forth below or if the Child shall thereafter attain that age, upon receipt by the Trustee of a written request from the Child, the Trustee shall distribute outright to the Child the fractional portion of the then remaining principal of the Child's Trust set forth below: Age Fractional Share Thirty years Thirty-five years Forty years One-third One-half Balance then remaining (C) The Child may by Will making specific reference to this power appoint all or any portion of the assets of the Child's Trust to or for the benefit of such one or more the Child's issue or any issue of the Settlor or any other person, or the Child's estate, in such amounts and proportions, and in such lawful interest or estates, whether absolutely or in trust, as the Child may appoint by such Will. (D) If a Child shall die before final distribution of the assets of the Child's Trust is made, the then remaining principal and any undistributed income of the Child's Trust not appointed under paragraph (C) shall be distributed to the Child's issue then living, per stirpes; provided, however, that if any such issue shall not then have attained the age of twenty-five years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with the provisions of ARTICLE XI for the benefit of each such issue (the "Grandchild's Trust"). If the Child has no issue then living, then to the Settlor's issue then living, per stirpes; provided, however, that if any such beneficiary is then a beneficiary of a Child's Trust, The Uriel N. Nordenberg'Trust No.2, or Grandchild's Trust hereunder, the share of such beneficiary shall be added to the principal of such Child's Trust, The Uriel N. Nordenberg Trust No.2, or Grandchild's Trust, as the case may be, as if an integral part thereof, to be held, administered and disposed of in accordance with the terms thereof. If none of the Settlor's issue is living at the termination of the Child's Trust, then the remaining assets of the Child's Trust shall be distributed in accordance with ARTICLE XII hereof. - 10- ARTICLE IX The Uriel N. Nordenberg Trust No. I The Trustee shall have, hold, manage, invest and reinvest the assets of the Uriel N. Nordenberg Trust No. I, collect the income and (A) Until Uriel N. Nordenberg attains the age of 56 years, the Trustee shall apply the net income of the trust to or for the benefit of Settlor's children and grandchildren, in such amounts and proportions and at such time or times as the corporate Trustee deems appropriate. Such income need not be distributed and any income not so used or distributed in any calendar year. shall be added to principal. In exercising the foregoing discretion, the corporate Trustee shall have no duty to make equal distributions to or for any eligible recipient and may exclude one or more eligible recipients from any or all distributions. The Trustee shall first consider the interests ofUriel N. Nordenberg in exercising its discretion hereunder. (B) After Uriel N. Nordenberg attains the age of 56 years, the Trustee shall pay to Uriel, for his lifetime, the net income derived from the Uriel N. Nordenberg Trust No. I in installments not less frequently than quarterly and such amounts of the principal as, in the sole discretion of the Trustee, shall be necessary for Uriel's maintenance, support and medical and nursing care, taking into consideration any other means readily available for such purposes. (C) Uriel N. Nordenberg may by Will making specific reference to this power appoint all or any portion of the assets ofUriel N. Nordenberg Trust No. I to or for the benefit ofUriel N. Nordenberg's issue or any issue of the Settlor, in such amounts and proportions, and in such lawful interest or estates, whether absolutely or in trust, as Uriel N. Nordenberg may appoint by such Will; provided, however, that no appointment shall directly or indirectly benefit Uriel N. Nordenberg, his creditors or the creditors of his estate. (D) Upon the death ofUriel N. Nordenberg, the then remaining principal and any undistributed income of the Uriel N. Nordenberg Trust No. I not appointed under paragraph (C) shall be distributed to Uriel N. Nordenberg's issue then living, per stirpes; provided, however, that if any such issue shall not then have attained the age of twenty-five years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with the provisions of ARTICLE XI for the benefit of - 11 - each sucllissue (the "Grandchild's Trust"), or if Uriel N. Nordenberg has no issue then living, then to the Settlor's issue then living, per stirpes; provided, however, that if any such beneficiary is then a beneficiary of a Child's Generation Skipping Trust or a Grandchild's Trust hereunder, the share of such beneficiary shall be added to the principal of such Child's Generation Skipping Trust or Grandchild's Trust, as the case may be, as an integral part thereof, to be held, administered and disposed of in accordance with the terms thereof. If the Settlor has issue living at the termination of this Trust, all such assets not appointed under paragraph (C) shall be distributed in accordance with ARTICLE XII of this Trust. ARTICLE X The Uriel N. Nordenberg Trust No.2 The Trustee shall have, hold, manage, invest and reinvest the assets of the Uriel N. Nordenberg Trust No.2, collect the income and (A) Until Uriel N. Nordenberg attains the age of 56 years, the Trustee shall accumulate the net income of the trust which income shall be added to principal each year. (B) If at the time of the creation of the Uriel N. Nordenberg Trust No.2, Uriel shall have attained the age of 56 years or if he shall thereafter attain that age, the Trustee shall distribute outright to Uriel the then remaining assets of the Uriel N. Nordenberg Trust No.2. (C) Uriel N. Nordenberg may by Will making specific reference to this power appoint all or any portion of the assets of the Uriel N. Nordenberg Trust No. 2 to or for the benefit of such one or more of Uriel N. Nordenberg's issue or any issue of the Settlor or any other person, or Uriel N. Nordenberg's estate, in such amounts and proportions, and in such lawful interest or estates, whether absolutely or in trust, as Uriel N. Nordenberg may appoint by such Will. (D) IfUriel N. Nordenberg shall die before final distribution of the assets of the Uriel N. Nordenberg Trust No.2 is made, the then remaining principal and any undistributed income of the Uriel N. Nordenberg Trust No. 2 not appointed under paragraph (C) shall be distributed to Uriel N. Nordenberg's issue then living, per stirpes; provided, however, that if any .such issue shall not then have attained the - 12- age of twenty-five years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with the provisions of ARTICLE XI for the benefit of each such issue (the "Grandchild's Trust"). IfUriel N. Nordenberg has no issue then living, then to the Settlor's issue then living, per stirpes; provided, however, that if any such beneficiary is then a beneficiary of a Child's Trust or Grandchild's Trust hereunder, the share of such beneficiary shall be added to the principal of such Child's Trust or Grandchild's Trust as if an integral part thereof, to be held, administered and disposed of in accordance with the tenns thereof. If none of the Settlor's issue is living at the termination of the Uriel N. Nordenberg Trust No.2, then the remaining assets of the Uriel N. Nordenberg Trust No. 2 not appointed under paragraph (C) shall be distributed in accordance with ARTICLE XII hereof. ARTICLE XI The Grandchild's Trust The Trustee shall have, hold, manage, invest and reinvest the assets of the Grandchild's Trust, collect the income and (A) Until the beneficiary of the Grandchild's Trust (the "Grandchild") shall have attained the age of twenty-one years, the Trustee shall from time to time pay to or for the benefit of the Grandchild such amounts of the net income and principal of the Grandchild's Trust as, in the sole discretion of the Trustee, shall be necessary for the Grandchild's maintenance, support, medical and nursing care and education, including college and graduate education, taking into consideration any other means readily available for such purposes. At the end of each year any unexpended income shall be added to the principal of the Grandchild's Trust. (B) After the Grandchild shall have attained the age of twenty-one years, the Trustee shall thereafter pay to the Grandchild the net income derived from the Grandchild's Trust in installments not less frequently than quarterly and such amounts of the principal as, in the sole discretion of the Trustee, shall be necessary for the Grandchild's maintenance, support, medical and nursing care and education, including college and graduate education, taking into consideration any other means readily available for such purposes. (C) If at the time of the creation of the Grandchild's Trust the Grandchild shall have then attained the age of twenty-five years or if the Grandchild shall - 13 - thereaftera.ttain that age, the Trustee shall distribute outright to the Grandchild the then remaining principal of the Grandchild's Trust. (0) If a Grandchild shall die before final distribution of the assets of the Grandchild's Trust is made, the then remaining principal and any undistributed income of the Grandchild's Trust shall be distributed to the Grandchild's issue living at the Grandchild's death, per stirpes; provided, however, that if any such issue shall not then have attained the age of twenty-five years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with the provisions of this ARTICLE for the benefit of each such issue (the "Grandchild's Trust"). If the Grandchild has no issue then living, then to the issue then living of the parent of the Grandchild who was a child of the Settlor, per stirpes, or, if such parent shall have no issue then living, to Settlor's issue then living, per stirpes; provided, however, that if any such beneficiary is then a beneficiary of a Child's Trust, the Uriel N. Nordenberg Trust No.2, or Grandchild's Trust hereunder, the share of such beneficiary shall be added to the principal of such Child's Trust, the Uriel N. Nordenberg Trust No.2, or Grandchild's Trust, as the case may be, as if an integral part thereof, to be held, administered and disposed of in accordance with the terms hereof. If the Settlor has no issue living at the termination of the Grandchild's Trust, the remaining assets of the trust shall be distributed pursuant to ARTICLE XII hereof. ARTICLE XII Continl!ent Distribution If the Settlor's Spouse and all of the Settlor's issue are deceased at the time for the distribution of any trust estate hereunder, the Trustee shall distribute any assets passing under this ARTICLE in two equal shares, one share to Settlor's intestate heirs and one share to Settlor's Spouse's intestate heirs, their identities and respective shares to be determined in accordance with the law of the Commonwealth of Pennsylvania in effect at the time for any distribution under this ARTICLE. -14 - ARTICLE XIII Concerning: Grandchild and Issue For purposes of this Agreement, Uriel N. Nordenberg's daughter, Danielle Nordenberg, and any issue she may have, shall !lQ! be treated as issue of the Settlor or Uriel, it being understood that no distributions will be made to her or her issue under this Agreement except pursuant to the express exercise of a power of appointment hereunder. ARTICLE XIV Peroetuities Provision Nothing herein is intended to, nor shall it be construed to, postpone the vesting of any part of the assets of this trust or of any separate trust estate created hereunder for more than twenty-one years after the death of the survivor of the Settlor, the Settlor's Spouse and the Settlor's issue living at the Settlor's death. At the expiration of such period the assets of this trust and all of the separate trust estates hereunder s!iall immediately vest in fee simple absolute in and be distributed outright to the person or persons then entitled to receive the income therefrom, whether in the Trustee's discretion or otherwise. - 15 - ARTICLE XV Spendthrift Provision No part of the income or principal of the property held under any trust created hereunder shall be subject to attachment, levy or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy of any beneficiary prior to his or her actual receipt thereof. The Trustee shall pay over the net income and the principal to the parties herein designated, as their interests may appear, without regard to any attempted anticipation (except as specifically provided herein), pledging or assignment by any beneficiary under any trust created hereunder, and without regard to any claim thereto or attempted levy, attachment, seizure or other process against said beneficiary. ARTICLE XVI Trustee Powers During the continuance of any trust created hereunder, the Trustee shall possess, among others, the following powers, exercisable without court approval, but in all cases to be exercised for the best interests of the beneficiaries; subject, however, insofar as any portion of Trust B or Trust C qualified for the federal estate tax marital deduction (the "QTIP Trusts") is concerned, to the restrictions set forth below: (A) To retain any investments so long as the Trustee may deem it advisable so to do, including securities owned, issued or underwritten by any corporate Trustee or any of its affiliates. (B) To vary investments, when deemed desirable by the Trustee, and to invest in every kind of property and type of investment, including securities owned, issued or underwritten by any corporate Trustee or any of its affiliates, or as to - 16 - which such Trustee or its affiliate acts as investment advisor, as the Trustee shall deem wise. (C) To exercise any outstanding stock option in effect at the Settlor's death, and to borrow any necessary funds from any person or institution, including the Trustee, to mortgage or pledge any or all real or personal property as the Trustee in the Trustee's sole discretion shall choose without regard for the dispositive provisions of this Agreement; provided, however, that this provision shall not authorize the mortgaging or pledging of any asset of any portion of the QTIP Trusts qualified for the federal estate tax marital deduction. (D) In order to effect a division of the principal of any trust or for any other purpose, including the fina1 distribution of any trust, the Trustee is authorized to make said divisions or distributions of the personalty and realty partly or wholly in kind. If such division or distribution is made in kind, said assets shall be divided or distributed at their respective values on the date or dates of their division or distribution. In making any division or distribution in kind, the Trustee shall divide and distribute said assets in a manner which will fairly allocate any unrealized appreciation among the beneficiaries. (E) To sell either at public or private sale and upon such terms and conditions as the Trustee may deem advantageous to any trust, any or all real or personal estate or interest therein owned by any trust severally or in conjunction with other persons or acquired by the Trustee (including selling "short" any right, privilege, option or asset), and to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers, conveying a fee simple title, free and clear of all trust and without obligation or liability of the purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may be necessary or desirable in carrying out any of the powers conferred upon the Trustee in this paragraph or elsewhere in this Agreement. (F) To make leases of real estate for any term. (G) To borrow money from any party, including the Trustee, to pay an indebtedness of the Settlor or of the Settlor's estate or trust, expenses of administra- tion, all estate, inheritance and similar taxes ("Death Taxes") and other taxes; provided, however, that this provision shall not authorize borrowing from any portion of the QTIP Trusts qualified for the federal estate tax marital deduction. - 17 - (HJ To pay, in the Trustee's discretion, without reimbursement, all costs, Death Taxes or other taxes, expenses and charges in connection with the administra- tion of the Settlor's estate or trust, and to pay the funeral expenses and the expenses of the last illness of the Settlor; provided, however, that no such costs, Death Taxes, expenses or charges in connection with the administration of the Settlor's estate shall be paid from the assets of any portion of the QTIP Trusts qualified for the federal estate tax marital deduction or from the proceeds of any employee benefit plan not includable in the Settlor's gross estate for federal estate tax purposes. (1) To vote any shares of stock which form a part of any trust and to otherwise exercise all the powers incident to the ownership of such stock; to actively manage and operate any incorporated or unincorporated business, including any joint ventures and partnerships, and to incorporate any such unincorporated business, with all the rights and powers of any owner thereof. (J) In the discretion of the Trustee, to unite with other owners of similar property in carrying out any plans for the reorganization of any corporation or company whose securities form a part of any trust. (K) To assign to and hold in any trust an undivided portion of any asset. (L) To select, employ and compensate any person, firm or corporation, including Advest, Inc., and other affiliated companies of any corporate Trustee, engaged in rendering investment counsel advice to advise the Trustee in making investments, managing securities or making decisions concerning the purchase, retention, sale or other disposition of any part of any trust estate hereunder; and to select, employ and compensate any attorney or firm of attorneys to render legal services to the Trustee with respect to any trust estate hereunder. Advest Bank and Trust Company may utilize the services of its affiliates, including Advest, Inc., and engage in transactions with those affiliates. (M) Only property which is fully eligible for the marital deduction for federal estate tax purposes shall be assigned to the portion of the QTIP Trusts qualified for the federal estate tax marital deduction. (N) The Settlor's executor is authorized to elect under Section 2652(a)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), to treat the Settlor as the transferor of any qualified terminable interest property with respect to which the Settlor's estate was allowed a deduction under Section 2056(b )(7) of the Code and to allocate any of the Settlor's exemption from federal generation skipping transfer tax under Section 2631 of the Code to any property as to which the Settlor - 18- is the deemed transferor under Section 2652(a) of the Code, regardless of whether or not the property with respect to which such election or allocation is made is part of the Settlor's probate estate. Any such election or allocation shall be made in the sole discretion of the executor of the Settlor's estate and shall be binding upon all persons, and such executor shall not be personally liable for exercising any such discretion in good faith. (0) To divide any trust hereunder which would have a generation skipping transfer tax inclusion ratio other than one or zero, into two separate trusts which are fractional shares, known as the "exempt trust" and the "nonexempt trust". The exempt trust sha1l be that fractional share of the total trust fund that has a generation skipping transfer tax inclusion ratio of zero, and the nonexempt trust shall be the remaining fractional share of the trust, with a generation skipping transfer tax inclusion ratio of one. The terms and conditions of the nonexempt trust and the exempt trust will be identical. Any referenced to a trust created under this Agreement, without a further specification or limitation, shall be deemed to refer to both the exempt trust and the nonexempt trust, in proportionate amounts, where relevant. The assets of each separate exempt and nonexempt trust shall be held, administered and invested as separate trusts, and the Trustee sha1l maintain adequate accounting and records for both such trusts. The executor of the Settlor's estate shall indicate on the federal estate tax return filed for the Settlor's estate that separate trusts will be created (or funded) and clearly set forth the manner in which the trust is to be severed and the separate trusts funded. (P) To manage and develop all or any part of any real property that may be owned by any trust, including but not limited to, the power to subdivide (including the dedication of parks, easements or streets, with or without consideration); to obtain the vacation of a plat or adjust bouodaries; to submit property to a condominium project and do all acts necessary in connection therewith; to grant options to purchase or to lease; to construct buildings or to alter or remove buildings, and make such improvements to real property as the Trustee determines to be appropriate (including improvements not situated directly on the particular real property); to grant easements or encumbrances of any kind, and to release any interest in the property; and to abandon or demolish any property including an interest in real property deemed by the Trustee to be worthless or of insufficient value to keep or protect. - 19 - ARTICLE XVII Intention to ~ualify for the Marital Deduction It is the intention of the parties to this Agreement to conform to the provisions for the allowance of the marital deduction for federal estate tax purposes. Any provisions of this Agreement notwithstanding, the powers granted herein to the Trustee shall be construed in accordance with said intention and shall not be interpreted or exercised so as to disqualify, for federal estate tax marital deduction purposes, any portion of the QTIP Trusts elected to qualifY for the federal estate tax marital deduction. Settlor's Spouse shall have the power to require the Trustee to render income producing within a reasonable period of time any non-income producing portion of the QTIP Trusts elected to qualifY for the federal estate tax marital deduction. ARTICLE XVIII Survival Presumotions Any person, other than the Settlor's Spouse, who shall have died at the same time as the Settlor or under such circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have predeceased the Settlor. If the Settlor and the Settlor's Spouse shall have died at the same time or under such circumstances that it is difficult or impossible to determine who shall have died first, the Settlor's Spouse shall be deemed to have survived the Settlor. Any person other than the Settlor who shall have died at the same time as any then beneficiary of income of a trust created hereunder or under such circumstances that it is difficult or - 20- impossible to determine who shall have died fIrst, shall be deemed to have predeceased such benefIciary. ARTICLE XIX Trustee's Duties With Resrect to Policies The Trustee shall not be obligated to pay any premiums or assessments on any of the Policies and shall be under no obligation with respect to the Policies, except for safekeeping during the Settlor's lifetime and to the extent otherwise expressly agreed to herein. ARTICLE :xx Settlor's Reserved RilZhts With Resrect to Policies With respect to any of the Policies, the Settlor reserves to himself, during his ownership of said Policies and during his lifetime, all rights, payments, dividends, surrender values and benefIts of any kind which may accrue on account of any of the Policies, and the right at any time to assign, pledge or use said Policies, or any of them, or to change the beneficiary thereof to borrow money thereon, or for any purpose, without the consent, approval or joinder of the Trustee or any benefIciary hereunder. It is the intent of the Settlor, with regard to said Policies, that this Agreement shall be operative only with respect to the proceeds of such of the Policies as may be due and payable to the Trustee at the time of the death of the Settlor or thereafter, after deduction of all charges against the Policies by reason of advances, loans, premiums or otherwise; and the - 21 - receipt of the TruStee for such proceeds shaH release the insurance companies from liability on the Policies. ARTICLE XXI Collection ofPolicv Proceeds The Settlor agrees and directs that, upon the Settlor's death, the' proceeds of all Policies which are then subject to the terms of this Agreement shall be paid in accordance with the directions then set forth in said Policies or the beneficiary designations then attached thereto. In the event the proceeds of said Policies are payable to the Trustee, the Trustee may institute any proceeding at law or in equity in order to enforce the payment thereof, and may do and perform any and all other acts and things which may be necessary, for the purpose of collecting any sums which may be due and payable under the terms of said Policies; it being distinctly understood, however, that the Trustee shall not, except at the Trustee's option, enter into or maintain any litigation to enforce the payment of said Policies until the Trustee shall have been guaranteed indemnification, to the Trustee's satisfaction, by one or more of the beneficiaries of this Agreement against all expenses and liabilities to which the Trustee may, in the Trustee's judgment, be subjected by any such action. The Trustee is authorized to compromise and adjust claims arising out of the Policies, or any of them, upon such terms and conditions as the Trustee may deem just, and the decision of the Trustee shall be binding and conclusive upon all persons and corporations interested therein. - 22- ARTICLE XXII Trustees (A) The Settlor reserves the right to remove and replace any Trustees and to fill any vacancy in the office of Trustee during the Settlor's lifetime. If during the Settlor's lifetime, both Trustees should for any reason cease to serve as Trustee hereunder and the Settlor does not designate a successor Trustee, then ADVEST BANK AND TRUST COMPANY, a federally chartered savings bank, shall serve as Trustee hereunder. Upon the Settlor's death, ADVEST BANK AND TRUST COMPANY, shall become a Co-Trustee hereunder with RUTH NORDENBERG, or it shall be sole Trustee if she is not then serving, subject to the provisions which follow. (B) An individual Trustee shall be deemed to have failed to serve as Trustee hereunder if, among other reasons, the treating physician of such individual Trustee shall certify in writing that such Trustee possesses permanent mental or physical incapacities which preclude such Trustee from discharging his or her duties as Trustee hereunder. (C) Any Trustee serving hereunder shall have the right to resign from such office at any time, with or without cause and without Court approval. No successor Trustee shall be liable for the actions of the Trustee occurring prior to the successor Trustee taking office and shall be responsible only for the assets delivered to such successor Trustee. (0) If following the Settlor's death, ADVEST BANK AND TRUST COMPANY should for any reason fail or cease to act as a Co-Trustee hereunder or if after the Settlor's death, there is ever only one Trustee serving hereunder, the children of the Settlor, by majority vote, shall designate a person or entity to serve as a Co-Trustee hereunder so that there are always two Trustees serving after the Settlor's death. Any designation of Trustee under this paragraph (0) shall be in writing and effective without court approval. (E) Following the death of the Settlor, the Settlor's Spouse so long as Settlor's Spouse is living and thereafter, the Settlor's children, acting by majority vote, or the sole surviving child, as the case may be, shall be authorized to remove any corporate Co-Trustee serving hereunder for any reason without cause and without court approval. but must replace such Trustee with another corporate Trustee, all such actions to be taken by written notice to the Trustees which shall be effective without court approval. - 23- (F) Notwithstanding anything to the contrary herein contained, so long as a Trustee or the issue of such trustee is a beneficiary of any trust hereunder, such Trustee shall not participate in any discretionary detennination of the Trustee (i) to make trust distributions to or for the benefit of such Trustee or his or her own issue; or (ii) to terminate any trust for the benefit of such Trustee or his or her issue under the ARTICLE hereof captioned "Additional Trust and Trustee Provisions". (G) All references herein to the "Trustee" shall refer to the originally named Trustee and to any successor Trustee or Co-Trustees, as the case may be. ARTICLE XXIII Additional Trust and Trustee Provisions (A) If there should be established by the Settlor or the Settlor's Spouse, either in a Last Will and Testament or by inter vivos Deed or Agreement, trusts identical to the trusts herein established for the benefit of the Settlor's issue, the Trustee herein shall have the right and power to merge trusts herein established with identical trusts for the same beneficiaries established by the Settlor or the Settlor's Spouse and to operate each of the merged trusts as a single trust. (B) Whenever the Trustee, in the Trustee's sole discretion, determines that any trust hereunder should be terminated because said trust is too small to justify its maintenance as a separate trust, the Trustee, without any liability to any person or remainderman whose interest may be affected thereby and without the necessity of prior court approval, shall terminate such trust and shall distribute the assets of the terminated trust outright to the individual or individuals at that time eligible to receive the income therefrom. If any additions to any such trust are received after its termination under this ARTICLE, such trust shall be revived and this provision shall continue to apply to it. The Trustee discretion herein granted shall in no event be construed as giving any potential distributee of a trust the right to compel a termination in whole or in part of such trust. (C) If any beneficiary under any trust hereunder is determined by the Trustee, in the Trustee's sole discretion, to be mentally or physically incapacitated, the Trustee may pay any amount distributable to such beneficiary to the parent, guardian of the property or estate of such beneficiary, the beneficiary's attorney-in- fact or to the person caring for such beneficiary. - 24- (D) If an addition is made to any Trust hereunder by will or from another trust, the Trustee may accept the statement of the fiduciary that the property delivered to the Trustee constitutes all the property to which the Trustee is entitled. The Trustee shall have no duty to require the fiduciary to file an accounting with the Court of his, her or its administration or to inquire into any action of the fiduciary, and only shall be responsible for the property which the Trustee receives. (E) Advest Bank and Trust Company may utilize the services of its affiliates, including Advest, Inc., and engage in transactions with those affiliates. Such transactions may include, without limitation, the right of any such affiliates, where applicable, to (i) act as broker in connection with any sale or other disposition, or purchase or other acquisition, of any trust assets, (ii) render any investment advice or related services to the trust, (iii) furnish any data processing or other support services in connection with the management or support services or administration of the trust, or (iv) provide any other services to, or enter into any other transactions or arrangements with, the trust. Such affiliates shall be entitled to reasonable compensation for such services which compensation may be paid from the assets of the trust. This compensation may include investment management fees, brokerage fees and commissions, custody fees, referral fees, and, with respect to mutual fund transactions, Rule l2b-1 distribution fees. This authorization shall override any other provisions herein to the contrary and any statutory, common law, or other limitations on self-dealing that might otherwise prohibit such transactions with affiliates of the Bank. ARTICLE XXIV Death Taxes All inheritance, estate and similar taxes becoming due by reason of Settlor's death, except any taxes relating to generation skipping transfers imposed under Chapter 13 of Subtitle B of the Internal Revenue Code, as amended ("Death Taxes"), whether such Death Taxes shall be paid by Settlor's Executor or by the Trustee shall be charged to the property passing under ARTICLE IV of this Trust or if such Death Taxes exceed the property passing under ARTICLE IV, - 25- then out of the property passing under ARTICLE VI; provided, however, that if any property held in any testamentary or inter vivos trust created by Settlor's Spouse is includable in Settlor's estate for purposes of any Death Tax, then any Death Tax attributable to the inclusion of any such property in Settlor's estate for the purposes of that Death Tax shall be paid out of such property or the recipients of such property. ARTICLE XXV Surety and Compensation of Trustee The Trustee shaH serve without the duty or obligation of filing any bond or other security and shall be entitled to compensation for services in accordance with the standard schedule of fees in effect when the services are rendered. ARTICLE XXVI Revocabilitv The Settlor may, by instrument in writing delivered to the Trustee, modify, alter or revoke this Agreement in whole or in part; provided, however, that the duties, powers, compensation and liability of the Trustee shall not be changed without the written consent of the Trustee. - 26- ARTICLE XXVII Trust Matters (A) This instrument is being created to provide for the convenient administration of the assets of Aaron Nordenberg without the necessity of court supervision during his lifetime and in the event of the Settlor's incapacity or death. Any person shall deal with the Trustee without the approval of any court, the Settlor or any beneficiary of any Trust created by this Declaration, and shall assume that the Trustee has the same power and authority to act as an individual does in the management of his or her own affairs. Any bank, broker, mutua! fund, life insurance company or other financial institution or any other person who deals with the Trustee and who is presented with a copy of this page and any other page of the Trust shall accept the same as conclusive proof of the terms and authority granted by these instruments and shall assume that no conflicting directions or terms are contained in the pages omitted. (B) In order to facilitate the convenient administration of the Trust, including the registration and transfer of assets to and from the Trust, the Settlor or any Trustee shall have the power to execute a Certificate of Trust describing any trust matter, including but not limited to a description of the trust terms, certification of any pages of this Trust, the administrative powers of the Trustee and the identity of any current Trustee. Any person who receives an original or photocopy of said Certificate of Trust shall be held hannless from relying on the same, and shall not be obligated to inquire under the terms of the Trust or maintain a copy of the Trust. The Trustee shall have the power to indemnify and hold harmless any financial institution or other third person for their good faith reliance upon the information contained in the Certificate of Trust. ARTICLE XXVIII Situs This Agreement and any trust created hereunder shall be governed by the laws of Pennsylvania and shall have its situs in Cumberland County, Pennsylvania. - 27- IN WI1NESS WHEREOF, Aaron Nordenberg, as Settlor, and Aaron Nordenberg and Ruth Nordenberg, as Trustees have hereunto affIxed their hands and seals, all as of day and year first above written. WI1NESS: I (y~ - Aaron Nordenberg 5</ -1, / C)C~- (fY-;f/ft{ Aaron Nordenberg ~~~ (SEAL) - 28- (SEAL) (SEAL) (SEAL) 345395.1 Ten Dollars ($10.00) ~~ / .r · j I( 7i 0,i/:lkM (J 9u<>><J (SEAL) - ~.~ _._-._~_. ._-. The Aaron Nordenberg Revocable Trust SCHEDULE "A" SETTLOR: ~- A OvVlI... Aaron Nordenberg f:S: /),l~ Aaron Nordenberg ~ uth Nord1-berg (SEAL) (SEAL) (SEAL) 34S39S.l COUNTY OF Do. u P h \1') On this, the 16 rhday of A IA .9 u s. i- . 2000, before me, a notary public, the undersigned officer, personally appeared Aaron Nordenberg and Ruth Nordenberg, known to me (or satisfactorily proven) to be the persons whose names are subscribed to the within Agreement, and acknowledged that they executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. j) ->--;~ C ~~ \) Notary Publ My Commission Expires: (SEAL) Notarial Sea! Cindy L. Leitzel. Notary Public Harrisburg, Dauphin County My Commission Expires Dec. 2. 2002 Member. Pennsylvania Association at Notaries Estate Valuation prepared by: James Fernberger Jenkintown, PA office of Advest Date of Death: 05/07/2004 Estate of: Aaron Nordenberg Valuation Date: 05/07/2004 Account: WJN-S0331S lIRA) Processing Date: 06/10/2004 Number of Securities: 49 File 10: Nordenberg "IN-B0331B 6-10-04 Shares Secm:i ty Mean and/or Security Div and Int CUSIP or Par Description High/Ask Low/Sid Adjustments Value Accruals 1) 060505104 733 BANK OF AMERICA CORPORATION COM NYSE 05/07/2004 80.26000 78.25000 H/L 79.255000 58,093.92 21 110122108 1000 BRIS~OL M~ERS SQUIBB CO COM NYSE 05/07/2004 26.38000 26.00000 H/L 26.190000 26,190.00 3) 191216100 500 COCA COLA CO COM NYSE 05/07/2004 51.58000 50.66000 H/L 51.120000 25,560.00 41 28336L109 1500 EL PASO CORP COM NYSE 05/07/2004 7.09000 6.80000 H/L 6.945000 10,417.50 51 369604103 1000 GENERAL ELEC CO COM NYSE 05/07/2004 30.65000 29.98000 H/L 30.315000 30,315.00 61 478160104 1000 JORNSON & JOHNSON COM NYSE 05/0712004 55.98000 54.96000 H/L 55.470000 55,470.00 7) 530718105 2000 LIBERTY MEDIA CORP NEW COM SER A NYSE 05/07/2004 10.90000 10.72000 H/L 10.810000 21,620.00 81 589331107 655.499 MERCK & CO INC COM NYSE 05/07/2004 48.41000 47.70000 H/L 48.055000 31,500.00 9) 629377508 1000 NRG ENERGY INC COM NEW NYSE 05/07/2004 19.96000 19.50000 H/L 19.730000 19,730.00 10) B723B4102 500 TEPPCO PARTNERS L P UT LTC PARTNER NYSE 05/07/2004 37.12000 35.60000 H/L 36.360000 18,180.00 111 8724'9103 500 TIB FINL CORP COM NASDAQ 05/07/200' 22.00000 21.80000 H/L 21. 900000 10,950.00 Page 1 This report was produced with EstateVa1, a product of Estate Valuations & pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2J Date of Death: Valuation Date: processing Date: CUSIP 121 911312106 13) 92343V104 141 05527K207 15) 36156A202 161 345397NK5 17) 638585AQ2 181 131347ALO 191 173034GU7 201 046003HS1 21) 16161ABQO 22) 69361LAC5 05/07/2004 05/07/2004 06/10/2004 Estate of: Aaron Nordenberg Account: WJN-803318 (IRA) Number of Securities: 49 File 10: Nordenberg WJN-803318 6-10-04 Shares or Par Security Description Low/Bid Mean and/or Security Adjustments value Div and Int Accruals High/Ask 200 UNITED PARCEL SERVICE INC CL a N'lSE 05/0712004 70.44000 69.35000 H/L 69.895000 37.175000 26.060500 11.078000 103.739800 106.327400 77 . 500000 111.198000 110.107500 110.930800 115.000000 13,979.00 21,961.21 15,636.30 5,539.00 25,934.95 501.91 26,581. as 234.72 19,375.00 116.49 331359.40 398.75 16,516.13 492.71 27,732.10 702.60 17,250.00 150.00 590.752 VERIZON COMMUNICATIONS COM NYSE 05/07/2004 37.58000 36.77000 H/L This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) 600 BBC CAP TR II PFO TR SECS % NASDAQ 05/07/2004 26.21100 25.91000 H/L seD GCB CAP TR II PFD TR SECS %- NASDAQ 05/07/2004 11. 07800 11. 07800 H/L 25000 FORD MOTOR CR CO OTC DTD: 01/09/1996 Mat: 01/09/2006 6.125% 05/07/2004 103.73980 aid Int: 01/09/2004 to 05/07/2004 25000 NATIONSBANK CORP OTC DTO: 03/11/1996 Mat: 03/15/2006 6.5% 05/07/2004 Int: 03/15/2004 to 05/07/2004 106.32740 Bid 25000 CALPINE CORP OTC OTO: 03/29/1999 Mat: 04/15/2006 7.625% 05/07/2004 Int: 04/15/2004 to 05/07/2004 77.50000 Ala 30000 CITlCDRP DTC OTO: 08/27/1996 Mat: 09/01/2008 7.25% 05/07/2004 Int: 03101/2004 to 05/07/2004 111.19800 Bid 15000 ASSOCIATES CORP NORTH AMER DTe OTO: 11/08/1996 Mat: 11/15/2008 6.875% 05/07/2004 110.10750 aid Int: 11/15/2003 to 05/07/2004 25000 CHASE MANHATTAN CORP NEW OTe DTD: 06/12/1997 Mat: 06/15/2009 7.125% 05/07/2004 110.93080 aid Int: 12/15/2003 to 05/07/2004 15000 PSEG ENERGY HLDGS INC OTC DTD: 04/01/2000 Mat: 10/01/2009 10% 05/07/2004 Int: 04/01/2004 to 05/07/2004 115.00000 Ala Page 2 Date of Death: 05/07/2004 Estate of: Aaron Nordenberg Valuation Date: 05/07/2004 Account: WJN-803318 lIRA) Processing Date: 06/10/2004 Number of Securities: 49 File ID: Nordenberq WJN-803318 6-10-04 Shares securi ty Mean and/or Security Div and Int CUSIP or Par Description Hiqh/Ask Low/aid Adjustments Value Accruals 23) 37042GZQ2 25000 GENERAL MTRS ACCEP CPSMARTNBE OTe DTD: 07/09/2002 Mat: 07/15/2017 " 05/07/2004 96.62800 Bid 96.628000 24,157.00 Int: 04/15/2004 to 05/07/2004 106.94 24) 37042G2F2 10000 GENERAL MTRS ACCEP CPSMARTNBE OTe DTD: 04/01/2003 Mat: 04/15/2018 7.375% 05/07/2004 96.44670 Bid 96.446700 9,644.61 Int: 04/15/2004 to 05/07/2004 45.07 25) 37042G3T1 30000 GENERAL MTRS ACCEP CPSMARTNBE OTe DTD: 05/13/2003 Mat: 05/15/2018 " 05/01/2004 93.87930 aid 93.879300 28,163.19 Int: 11/15/2003 to 05/07/2004 1,003.33 26} 373298BK3 10000 GEORGIA PAC CORP OTe DTD: 06/15/1993 Mat: 06/15/2023 8.125% 05/01/2004 101. 50000 A/B 101.500000 10,150.00 Int: 12/15/2003 to 05/07/2004 320.49 21) 610202BF9 25000 MONONGAHELA POWER CO OTe DTD: 05/01/1995 Mat: 05/01/2025 1.625% 05/01/2004 101.19830 Bid 101. 798300 25,449.58 Int: 05/01/2004 to 05/07/2004 31.11 28) 845335De9 5000 SOUTHWESTERN BELL TEL CO OTe DTD: 07/11/1997 Mat: 07/15/2027 7.375% 05/01/2004 106.36370 Bid 106.363700 5,318.19 Int: 01/15/2004 to 05/07/2004 114.12 29} 3133MTTDO 25000 FEDERAL HOME LN BKS Dealer Quote OTD: 11/26/2002 Mat: 11/26/2012 5% 05/01/2004 97.25000 Bid 91.250000 24,312.50 Int: 11/26/2003 to 05/01/2004 559.03 301 3l36F2J90 15000 FEDERAL NATL MTG ASSN MTN Dealer Quote DTO: 01/28/2003 Mat: 01/28/2013 5.25% 05/01/2004 98.46875 Bid 98.468150 14,770.31 Int: 01/28/2004 to 05/07/2004 216.56 31) 3128X01E3 30000 FEDERAL HOME LN MTG CORP MTN OTe OTD: 04/21/2003 Mat: Q41Zl/2Q1~ 5.25\ 05/01/2004 95.93330 Bid 95.933300 28,119.99 Int: 04/21/2004 to 05/01/2004 10.00 32) 3133MHLD4 15000 FEDERAL HOME 1N BKS Dealer Quote DTD: 10/04/2001 Mat: 10/04/2016 6.353% 05/0712004 101.21815 Bid 101.218750 15,182.81 Int: 04/04/2004 to 05/07/2004 81.35 Page 3 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. 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(Revision 7.0.2) Date of Death: Valuation Date: processing Date: CUSIP 331 3133FOE62 34) 3133MYR33 35) 3128x1E94 "36) 3133F1AK3 37) 3128x2e82 381 3128X2DU6 39) 3133T3RNO 40) 708692ADO 41) 293720389 421 816333108 431 12506R773 05/07/2004 05/0712004 06/10/2004 Shares or Par Security Description Hiqh/Ask Estate of: Aaron Nordenberg Account: WJN-803318 (IRA) Number of Securities: 4S File ID: Nordenberg WJN-B0331B 6-10-04 Low/Bid 93.02090 Bid 95.31250 Bid 98.82830 Bid 95.29640 Bid 96.56680 Bid 95.81310 Bid 100.53400 Bid 93.90000 A/B 24.47000 Bid 23.35000 Bid 11.30000 Bid Mean and/or Security Adjustments Value 93.020900 95.312500 98.828300 95.296400 96.566800 95.813100 100.534000 94.150000 24.470000 23.350000 11.300000 Div and Int Accruals 23,255.23 76.39 9,531. 25 2St.! .13 19,765.66 143.33 33,353.74 636.81 24,141. 70 486.11 23,953.28 583.33 1,209.95 1. 35 28,245.00 780.00 11,708.14 19,556.19 182.04 Page 4 This report was produced with Estateval, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) 25000 FEDERAL HOME LN MTG CORP OTe DTD, 03/06/2003 Mat: 03/15/2018 5% 05/07/2004 Int: 04/15/2004 to 05/07/2004 10000 FEDERAL HOME LN BKS Dealer Quote DTD: 05/16/2003 Mat: 05/16/2018 5.35% 05/07/2004 Int, 11/16/2003 to 05/07/2004 20000 FEDERAL HOME LN MTG CORP MTN OTe DTD: 09/24/2003 Mat, 09/24/2018 6% 05/0712004 Int: 03/24/2004 to 05/07/2004 35000 FEDERAL HOME LN MTG CORP OTe DTD: 12/26/2003 Mat: 12/15/2018 5% 05/07/2004 Int: 12/26/2003 to 05/01/2004 25000 FEDERAL HOME LN MTG CORP MTN OTe DTD: 12/17/2003 Mat, 12/17/2018 5% 05/07/2004 Int, 12/17/2003 to 05/07/2004 25000 FEDERAL HOME LN MTG CORP MTN OTe DTD: 12/17/2003 Mat: 12/17/2018 6% 05/07/2004 Int: 12/17/2003 to 05/07/2004 20000 FHLMC SERIES 1653- DTe Mat: 01/15/2024 6.750% Fact: 0.060176 05/07/2004 CMO Accrual 30000 PENNSYLVANIA ECONOMIC DEV FING REV 80S IT Intr. OTD: 07/01/1999 Mat: 06/01/2031 6% 05/07/2004 94.40000 Int: 12/01/2003 to 05/07/2004 478.469 ENTERPRISE GROUP FDS INC SML CO GRWTH 8 NASDAQ 05/0712004 837.524 SELIGMAN COMMUNICATION&INFORM CL A SHS NASDAQ 05/07/2004 16.11 CDC NVEST FDS TR I L & S COR+BD B NASDAQ 05/07/2004 Date of Death: Valuation Date: Processing Date: CUSIP 441 56062F400 45) 693390361 461 30267N385 471 51803R~G1 48) 51802KE79 49) 60934N690 05/07/2004 05/07/2004 06/10/2004 Shares or Par Security Description High/Ask 8164.126 MAINSTAY fDS HI YLD CORP B NASDAQ 05/07/2004 3163.503 PIMCO FDS PAC INVT MGMT SER HIGH YIELD B NASDAQ 05/07/2004 1595.832 FT UT 744DWB/03RS aTC 05/0712004 10.65000 40000 LASALLE NATL BK CHICAGO ILL aTC OTD: 01/09/2002 Mat: 04/16/2013 0% 05/07/2004 13000 LASALLE NATL BK CHICAGO ILL aTC DTD: 12/06/1995 Mat: 02/10/2017 0% 05/07/2004 72735.73 MONEY MKT OBLIGS TR AUTO TR CS RSV NASDAQ 05/07/2004 1. 00000 Total Value: Total Accrual: Total: $1,123,042.62 Page 5 Low/Bid 6.15000 Bid 9.36000 Bid 10.39000 A/' 65.52370 Bid 51. 17410 Bid 1. 00000 File 10: Estate of: Aaron Nordenberg Account: WJN-803318 (IRA) Number of Securities: 49 Nordenberg WJN-B0331B 6-10-04 Mean and/or Security Adjustments Value 6.150000 50,209.37 Div and lnt Accruals $8,113.89 This report was produced with EstateVa1, a product of Estate Valuations' Pricing Systems, Inc. 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(Revision 7.0.2) 9.360000 29,610.39 10.520000 16,788.15 65.523700 26,209.48 51.174100 6,652.63 1. 000000 72,735.73 $1,114,928.73 Date of Death: Valuation Date: Processing Date: CUSIP 11 026874107 21 011813109 3) 084670207 4) 160903100 51 20030N200 61 22160K105 71 260003108 8) 319963104 91 337738108 101 313400301 11) 45840Q101 Estate Valuation prepared by: James Fernberger Jenkintown, PA office of Ad~est 05/07/2004 05/07/2004 06/10/2004 shares or Par Security Description High/ASk 71.10000 32.70000 43.87000 27.85000 36.59000 39.05000 44.80000 36.72000 58.38000 31. 98000 Page 1 Estate of: Aaron Nordenberg Account: WJN-806198 tIRA) Number of Securities: 32 File 10: Nordenberg WJN-B06198 6-10-04 Low/Bid Mean and/or Security Adjustments Value Div and lnt Accruals 3,886.30 3,894.60 6,115.00 6,795.20 44.95 5,487.00 4,879.58 2,883.75 5,977 .13 3,443.75 5,181. 75 3,751.80 This report was produced with EstateVal, a product of Estate Valuations & pricing Systems, Inc. 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(Revision 7.0.2) 55 AMERICAN INTL GROUP INC COM NYSE 05/07/2004 120 BAXTER I~TL I~C COM NYSE 05/07/2004 70.22000 H/L 70.660000 32.21000 H/L 32.455000 2 BERKSHIRE HATHAWAY INC DEL CL B N'iSE 05/07/2004 3072.00000 3043.00000 H/L 3057.500000 155 CHARTER ONE FINL INC COM NYSE 05/07/2004 43.81000 H/L 43.840000 Div: 0.29 Ex: 05/04 Rec: 05/06 Pay: OS/20/04 200 COMCAST CORP NEW CL A 8PL NASDAQ 05/07/2004 135 COSTeO WHSL CORP NEW COM NASDAQ 05/07/2004 27.02000 H/L 27.435000 35.50000 H/L Div: 0.1 Ex: 05/06 Rec: 05/10 Pay: 05/31/04 36.045000 + 0.100000 36.145000 75 DOVER CORP COM NYSE 05/07/2004 135 FIRST DATA CORP COM NYSE 05/07/2004 95 FISERV INC COM NASDAQ 05/07/2004 90 FEDERAL HOME 1N MTG CORP COM NYSE 05/07/2004 120 INTERACTIVE CORP COM NASDAQ 05/07/2004 37.85000 H/L 38.450000 43.75000 H/L 44.275000 35.78000 H/L 36.250000 56.77000 H/L 57.575000 30.55000 HIL 31.265000 Date of Death: 05/01/2004 Estate of: Aaron Nordenberq Valuation Date: 05/01/2004 Account: WJN-806198 (IRA) Processing Date: 06/10/2004 Number af Secutitie5: 32 file 10: Nordenberg WJN-806198 6-10-04 Shares Security Mean and/or Security Div and lnt Ct}SIP or Par Description High/Ask Low/Bid Adjustments Value Accruals 121 418160104 110 JOHNSON & JOHNSON COM NYSE 05/07/2004 55.98000 54.96000 H/L 55.410000 6,101.10 131 50015N104 180 KRAFT FOOOS INC CL A NYSE 05/01/2004 32.40000 32.04000 H/L 32.220000 5,199.60 141 530118105 605 LIBERTY MEDIA CORP NEW COM SER A NYSE 05/01/2004 10.90000 10.72000 H/L 10.810000 6,540.05 15) 539320101 130 LIZ CLAIBORNE INC COM NYSE 05/01/2004 35.00000 33.51000 H/L 34.285000 4,451.05 161 570535104 15 MARKEL CORP COM NYSE 05/07/2004 290.00000 285.10000 H/L 287.550000 4,313.25 171 552621100 225 MaNA CORP COM NYSE 05/01/2004 24.68000 23.69000 H/L 24.185000 5,441. 63 181 580135101 180 MCDONALDS CORP COM NYSE 05/01/2004 21.29000 26.65000 H/L 26.910000 4,854.60 191 589331107 85 MERCY; & CO INC COM NYSE 05/01/2004 48.41000 41.10000 H/L 48.055000 4,084.68 201 552848103 75 MGIC INVT CORP WIS COM NYSE 05/01/2004 14.13000 12.54000 H/L 73.335000 5,500.13 211 594918104 225 MICROSOFT CORP COM NASDAQ 05/01/2004 26.38000 25.15000 H/L 26.065000 5,864.63 221 608190104 60 MOHAWK INDS INC COM NYSE 05/01/2004 15.34000 73.40000 H/L 74.370000 4,462.20 231 617446448 55 MORGAN STANLEY COM NEW NYSE 05/01/2004 53.01000 51.35000 H/L 52.180000 2,869.90 Page 2 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) Date of Death: Valuation Date: Processing Date: CUSIP 24) 717081103 251 874039100 261 87612E106 27) 925524308 281 931422109 291 941061109 30) 949746101 31) G96655108 32) 60934N690 05/0712004 05/07/2004 06/10/2004 Shares or Par Security Description High/Asic 200 PFIZER INC COM NYSE 05/07/2004 36.75000 320 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR NYSE 05/07/2004 9.76000 70 TARGET CORP COM NYSE 05/07/2004 44 .37000 145 VIACOM INC C1 . NYSE 05/07/2004 38.56000 120 WALGREEN CO COM NYSE 05/07/2004 34.97000 185 WASTE MGMT INC DEL COM NYSE 05/07/2004 28.91000 85 WELLS FARGO & CO NEW COM NYSE 05/07/2004 56.05000 Div: 0.45 Ex: 05/05 Rec: 05/07 Pay: 06/01/04 135 WILLIS GROUP HOLDINGS LTD SHS NYSE 05/07/2004 36.51000 18014.79 MONEY MKT OBLIGS TR AUro TR CS RSV NASDAQ No pricing information Total Value: Total Accrual: Total: $150,6S~.OI File ID: Estate of: Aaron Nordenberg Account: WJN-806198 (IRA) Number of Securities: 32 Nordenberg WJN-B0619B 6-10-04 Low/Bid Mean and/or Security Adjustments Value Div and Int Accruals 36.31000 H/1 9.48000 H/1 43.03000 H/1 31.67000 H/1 34.41000 H/1 28.38000 H/1 54.70000 H/1 35.29000 H/L 36.530000 9.620000 43.700000 38.115000 34.690000 28.645000 55.375000 35.900000 7,306.00 3,078.40 3,059.00 5,526.68 4,162.80 5,299.33 4,706.aa 38.25 4,S,Ij6.S0 N/A $150,570.87 $83.20 Page 3 This teport was produced with EstateVal, a product of Estate Valuations , pricing Systems, Inc. If you have questions, please contact EVP Systems at (B18) 313-6300 or www.evpsys.com. (Revision 7.0.2) Date of Death: Valuation Date: Processing Date: Estate valuation Prepared by: James Fernberger Jenkintown, PA office of Advest 05/07/2004 05/07/2004 OS/10/2004 Shares Security CUSIP or Par Description 11 G0070K103 400 ACE LTD ORa NYSE 05/07/2004 2) 026874107 300 AMERICAN INTL GROUP INC COM NYSE 05/07/2004 31 20030N101 500 COMCAST CORP NEW CL A NASDAQ 05/07/2004 41 253651103 600 DIEBOLD INC COM NYSE 05/07/2004 Estate of: Aaron Nordenberg Account: WJN-950060 {Def. Contt Pen. Pl.} Number of Securities: 44 File 10: Nordenberq WJN-950060 6-10-04 High/ASk Mean and/or Security Adjustments Value Oiv and lnt Accruals tow/Bid 43.00000 41.82000 HIL 42.410000 16,964.00 71.10000 70.22000 H/L 70.660000 21,198.00 28.87000 28.12000 HIL 28.495000 141247.50 48.07000 47.05000 H/L 47.560000 28,536.00 5) 402740108 500 GULFTERRA ENERGY PARTNERS LP COM NYSE 05/07/2004 37.78000 37.01000 H/L 37.395000 18,697.50 Div: 0.71 Ex: 04/28 Rec: 04/30 Pay: 05/14/04 355.00 61 458140100 500 INTEL CORP COM NASDAQ 05/07/2004 26.83000 25.92700 H/L 26.378500 13,189.25 Div: 0.04 Ex: 05/05 Rec: 05/07 Pay: 06/01/04 20.00 71 46625H100 81 478160104 9) 594918104 101 693506107 11) 717081103 600 J P HORGAN CHASE & CO COM NYSE 0510712004 BOO JOH.NSON & JOHNSON COM NYSE 05107/2004 800 MICROSOFT CORP COM NASDAQ 05/07/2004 200 PPG INDS INC COM NYSE 05/07/2004 37.71000 36.47000 HIL 37.090000 22,254. 00 55.98000 54.96000 H/L 55.470000 44,376.00 26.38000 25.75000 H/L 26.065000 20,852.00 59.20000 57.55000 HIL 58.375000 + 0.450000 58.825000 Div: 0.45 Ex: 05/06 Rec: 05/10 Pay: 06/11/04 11,765.00 600 PFIZER INC COM NYSE 05/07/2004 36.75000 36.31000 H/L 36.530000 21,918.00 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (8lB) 313-6300 or www.evpsys.com. (Revision 7.0.2) Page 1 Date of Death: Valuation Date: Processing Date: COSU 12) 7'271Bl09 131 77119510' 141 18025180' 151 844130101 161 923'3VI0' 111 92851'100 181 930705108 191 25'681106 20) 638539809 21) 1113'lALO 22l 1624.SlBR8 05/07/200' 05/01/200' 06/10/200' Shares ot Pat Security Description High/ASk Estate of: Aaron Nordenberg Account: WJN-9S00GO (Oef. Contr Pen. Pl.) Number of Securities: 44. File 10: Nordenberg WJN-950060 6-10-04 Low/Bid Mean and/or Security Adjustments Value Div and Int Accruals 300 PROCTER & GAMBLE CO COM NYSE 05/011200' 108.85000 106.11000 H/L 107.780000 105.780000 '9.575000 31. 810000 31.175000 24. 9'5000 13.000000 22.625000 25.180000 71.500000 90.517700 32,334..00 150.00 21,156.00 214.90 31,603.07 580.18 31,810.00 21,4.51.20 12, '12.50 13,000.00 11,183.19 15.108.00 38,750.00 232.99 31,681.20 Page 2 This report was produced with EstateVal, a product of Estate valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) Div: 0.5 Ex: 04/21 Rec: 04./23 Pay: 05/14/04 200 ROCHE HLDG LTD SPONSORED ADR NQB 05/01/200' 106.21000 105.35000 H/L Div: 1.0745 Ex: 04/06 Rec: 04/08 Pay: OS/25/04 637.48 ROYAL DUTCH PETE CO NY REG EUR .56 NYSE 05/01/200' '9.89000 '9.26000 H/L Div: 0.91012 Ex: 04/26 Ree: 04/28 pay: 05/12/04 lOCO SOUTBTRUST CORP COM NASOAQ 05/01/200' 32.10000 577.033 VERIZON COMMUNICATIONS COM NYSE 05/01/200' 31.58000 500 VODAFONE GROUP PLC NEW SPONSORED ADR NYSE 05/011200' 25.13000 1000 WAINWRIGHT BK&TR CO BOSTON MA COM NASDAQ 05/01/200' 13.00000 520;804 DISNEY WALT CO COM DISNEY NYSE 05/07/200' 22.92000 GOO NATIONAL WESTMINSTER BK PLC CAP A EX7.875% NYSE 05/01/200' 25.25000 50000 CALPINE CORP OTe DTO: 03/29/1999 Mat: 0'/15/2006 1.625' 05/01/200' Int: 0'/15/200' to 05/01/200' 35000 CHATTANOOGA VY. CORP OTe Mat: 01/01/2007 0\ 05/07/200' 31.52000 H/L 36.11000 H/L 2' .16000 H/L 13.00000 H/L 22.33000 H/L 25.11000 H/L 11.50000 AlB 90.51770 Bid Date of Death: Valuation Date: Processing Date: CUSIP 231 066365CC9 241 92344UAAJ 251 812293AB4 261 37042G5HO 27) 44181EHEl 28) 06050XBQ5 291 3133X2GH1 30) 3128X2DU6 311 3133TOR22 321 3133T3RNO 05/07/2004 05/07/2004 06/10/2004 Shares or Par Security Description High/Ask Estate of: Aaron Nordenberg Account: WJN-950060 (Def. Contr Pen. Pl.) Number of Securities: 44 File 10: Nordenberg WJN-950060 6-10-04 Low/Bid Mean and/or Secu~ity Adjustments Value Di v and lnt Accruals 15000 BANKERS TR CORP OTC DTO: 04/30/1996 Hat: 05/01/2008 7.375% 05/07/2004 111.18630 Bid Int: 05/01/2004 to 05/07/2004 30000 VERIZON NEW JERSEY INC OTC OTO: 01/22/2002 Hat: 01/17/2012 5.8751 05/07/2004 102.52210 Bid Int: 01/17/2004 to 05/07/2004 50000 SEARlVER MARITIME FINL HLDGS OTC OTO: 09/01/1982 Hat: 09/01/2012 0% 05/07/2004 111.186300 102.522100 62.960000 95.614900 98.952900 98.647700 99.343750 95.813100 101.763000 100.534000 16,677.95 18.44 30,756.63 536.54 25000 GENERAL MTRS ACCEP CPSMARTNBE OTC OTO: 10/16/2001 Hat: 10/15/2016 7% 05/07/2004 Int: 04/15/2004 to 05/07/2004 25000 HOOSEHOLD FIN CORP INT NT BE OTC OTO: 05/09/2002 Mat: 05/15/2017 7.2% 05/07/2004 Int: 04/15/2004 to 05/07/2004 25000 BANK AMER CORP SUB INTNTS BE OTC OTO: 06/07/2001 Hat: 06/15/2026 7.2% 05/07/2004 Int: 12/15/2003 to 05/07/2004 25000 FEDERAL HOME LN BKS Dealer Quote OTO: 12/03/2003 Hat: 12/03/2018 6.1% 05/07/2004 Int: 12/03/2003 to 05/07/2004 25000 FEDERAL HOME LN MTG CORP MTN OTC OTO: 12/17/2003 Hat: 12/1712018 6% 05/07/2004 Int: 12/1712003 to 05/0712004 62.96000 Bid 95.61490 Bid 98.95290 Bid 98.64770 Bid 99.34375 Bid 95.81310 Bid 35000 FHLMC SERIES 1573 OTC Mat: 02/15/2023 7.000% Fact: 0.34548169 05/07/2004 101.16300 Bid CMO Accrual 25000 FHLMC SERIES 1653 OTC Mat: 01/15/2024 6.150l Fact: 0.060176 05/07/2004 CMO Accrual Page 3 100.53400 Bid 31,480.00 23,903.73 106.94 24, '138.23 110.00 24,661.93 710.00 24,835.94 652.36 23,953.28 583.33 12,305.04 14.14 1,512.43 1. 69 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) Date of Death: Valuation Date: Processing Date: Ci}SIF 33) 38373Q7K1 341 29372K617 351 44980J605 361 74680.200 371 12506R690 381 939330205 391 12506R773 401 543487276 411 56062F400 421 302671710 431 51802YUV8 441 100543107 05/07/2004 05/07/2004 06/10/2004 shares or Par Security Description High/Ask Estate of: Aaron Nordenberq Account: WJN-950060 (Def. Contr Pen. Pl.) Number of Securities: 44 File 10: Nordenberg WJN-950060 6-10-04 Low/Bid Mean and/or Security Adjustments Value Div and Int Accruals 95.43900 Bid 10.88000 Bid 14.98000 Bid 19.68000 Bid 12.74000 Bid 28.33000 Bid 11.30000 Bid 12.73000 Bid 6.15000 Bid 10.58000 A/B 46.16650 Bid 1. 00000 95.439000 10.880000 14.980000 19.680000 12.740000 28.330000 11. 300000 12.730000 6.150000 10.710000 46.166500 1. 000000 5,893.44 5.14 21,932.02 33,666.58 35,150.64 35,065.75 33,045.64 39,652.03 35,305.91 26,374.31 24,021.30 N/A 23,083.25 32,668.40 Page 4 This report was produced with EstateVal, a product of Estate Valuations' Pricing Systems, lnc, If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) 10000 GNMA REMIC TRUST 2003-53 OTC Mat: 12/20/2031 5.000% Fact: 0.6175081 05/07/2004 CMO Accrual 2015.811 ENTERPRISE GROUP FOS INC MERGERS&ACQU B NASDAQ 05/0712004 2247.435 ING MAYFLOWER TR INTL VALUE 8 NASDAQ 05/07/2004 1786.11 PUTNAM INTL EQUITY FD CL B NASDAQ 05107/2004 2752.414 COC NVEST FOS TR I VN S CPVAL B NASDAQ 05/07/2004 1166.454 WASHINGTON MOT INVS FO INC CL B SHS NASDAQ 05/0712004 3509.029 CDC NVEST FOS TR I L & S COR+BO B NASDAQ 05107/2004 2773.446 LOOMIS SAYLES FOS II STRATEG INCH 8 NASDAQ 05/0712004 4288.506 MAINSTAY FOS HI YLO CORP 8 NASDAQ 05/07/2004 2242.885 FT DT 0-.10 7103RS DTC 05/07/2004 10.84000 Carryover & daily interest: 50000 LASALLE NATL BK CHICAGO ILL OTC OTO: 0611911996 Mat: 1010512018 0% 0510712004 32668.4 BOSTON ADVISORS MONEY MKT FDS CASH RESV CL 1 NASDAQ 05/07/2004 1.00000 Date of Death: Valuation Date: Processing Date: 05/07/2004 05/07/2004 06/10/2004 Estate of: Aaron Nordenberg Account: WJN-950Q60 (Def. Contr Pen. Pl.) Number of Securities: 44 File 10: Nordenberg WJN-95D06D 6-10-04 Total Value Total Accrual Total $1,060,124.55 $1,055,830.90 $4,293.65 Page 5 This report was produced with EstateVal, a prOduct of Estate Valuations & pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) Date of Death: Valuation Date: Processing Date: CUSIP 11 026874107 21 038222105 3) 14149Y10B 4) 17275R102 51 172967101 61 268648102 7) 278642103 8) 460695109 91 48203R104 101 532457108 111 57772K101 Estate Valuation Prepared by: James Fernberger Jenkintown, PA office of Advest 05/07/2004 05/07/2004 06/10/2004 Estate of: Aaron Nordenberg Account: WJN-951678 (Def. Contr Pen. Pl.) Number of Securities: 22 File 10: Nordenberg WJN-951678 6-10-04 Shares or Par Security Description Mean andlor security Adjustments Value Div and Int Accruals HighlAsk LowlBid 91 AMERICAN INTL GROUP INC COM NY5E 05/07/2004 71.10000 70.22000 H/L 70.660000 6,430.06 328 APPLIED MATLS INC COM NASDAQ 05/07/2004 18.62000 H/L 19.23000 6,207.40 18.925000 101 CARDINAL HEALTH INC COM NYSE 05/07/2004 75.50000 H/L 76.41000 7,671.46 75.955000 301 CISCO SYS INC COM NASDAQ 05/07/2004 21.47000 H/L 22.13000 6,561.80 21. 800000 125 CITIGROUP INC COM NYSE 05/07/2004 46.47000 H/L 47.69000 5,885.00 50.00 47.080000 Div: 0.4 Ex: 04/29 Rec: 05/03 Pay: 05/28/04 460 E M C CORP MASS COM NY5E 05/07/2004 11.45000. 11.10000 H/L 5,186.50 11.275000 81 EBAY INC COM NASDAQ 05/07/2004 79.75000 H/L 81.93000 6,548.04 80.840000 145 INTERSIL CORP CL A NASDAQ 05/07/2004 20.15000 19.35000 H/L 19.750000 2,863.75 206 JUNIPER NETWORKS INC COM NASDAQ 05/07/2004 22.78000 H/L 23.74000 4,791.56 23.260000 84 LILLY ELI & CO COM NY5E 05/07/2004 75.51000 H/L 76.95000 6,403.32 76.230000 122 MAXIM INTEGRATED PRODS INC COM NASDAQ 05/07/2004 48.29000 46.14000 H/L 47.215000 5,760.23 9.76 Div: 0.08 Ex: 05/05 Rec: 05/07 Pay: 05/28/04 Page 1 This report was produced with EstateVal, a product of Estate Valuations & pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) Date of Death: Valuation Date: Processing Date: CUSIP 12) 552621100 13) 585055106 14) 594918104 151 617446448 161 717081103 17) 69344F106 18) 808513105 191 923436109 201 983919101 211 192446102 221 60934N690 05/07/2004 05/07/2004 06/10/2004 Shares or Par Security Description 247 MaNA CORP COM NYSE 05/07/2004 125 MEDTRONIC INC COM NYSE 05/07/2004 264 MICROSOFT CORP COM NASDAQ 05/07/2004 84 MORGAN STANLEY COM NEW NYSE 05/07/2004 169 PFIZER INC COM NYSE 05/07/2004 122 PMC-SIERRA INC COM NASDAQ 05/07/2004 517 SCHWAB CHARLES CORP NEW COM NYSE 05/07/2004 High/Ask 24.68000 51.26000 26.38000 53.01000 36.75000 14 .18000 10.21000 Estate of: Aaron Nordenberg Account: WJN-95167S (Def. Contr Pen. Pl.) Number of Securities: 22 File ID: Nordenberg WJN-951678 6-10-04 Low/Bid Mean and/or Security Adjustments Value oiv and Int Accruals 23.69000 H/1 50.76000 H/1 25.75000 H/1 51.35000 H/1 36.31000 H/1 13.08000 H/1 9.90000 H/1 oiv: 0.02 Ex: 05/03 Rec: 05/05 Pay: 05/19/04 183 VERITAS SOFTWARE CO COM NASDAQ 05/07/2004 172 XILINX INC COM NASDAQ 05/07/2004 27.33000 36.29000 108 COGNIZANT TECHNOLOGY SOLUTIONS C1 A NASDAQ 05/07/2004 44.30000 2335.13 MONEY MKT OBLIGS TR AUTO TR CS RSV NASDAQ 05/07/2004 Total Value: Total Accrual: Total: $119,077.02 1. 00000 Page 2 26.25000 H/1 34.76000 H/1 42.75000 H/L 1. 00000 24.185000 51. 010000 26.065000 52.180000 36.530000 13.630000 10.055000 26.790000 35.525000 43.525000 1. 000000 5,973.70 6,376.25 6,881.16 4,383.12 6,173.57 1,662.86 5,198.44 10.34 4,902.57 6,110.30 4,700.70 2,335.13 $119,006.92 $70.10 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (81S) 313-6300 or www.evpsyS.com. (Revision 7.0.2) The Aaron Nordenberg Revocable Trust Securities and accrued income per the attached listing $1,304,588.62 25% limited partnership interest in Polecat Enterprises, per attached valuation 32.410.00 TOTAL $1.336.998.62 Date of Death: valuation Date: Processing Date; CUSIP 11 29250R106 21 494550106 3) 717081103 4) 872384102 5) 887317105 6) 67101W403 7) 810802B56 8) 472286059 9) 246018DQ5 101 725299P54 Estate valuation Prepared by: James Fernberger Jenkintown, PA office of Advest 05/07/2004 05/07/2004 06/10/2004 Estate of: Aaron Nordenberg Account: WJN-019519 (Rev. Trust) Number of Securities: 59 File ID: Nordenberg WJN-019579 6-10-04 Shares or Par Securi ty Description Low/aid Mean and/or Security Adjustments value Div and lnt Accruals High/ASk 1300 ENBRIDGE ENERGY PARTNERS L P COM NYSE 05/07/2004 44.65000 43.51000 H/L 44.080000 40.500000 36.530000 36.360000 16.760000 25000.000000 109.439000 108.038000 106.104500 104.485000 57,304.00 1,202.50 81,000.00 1,380.00 10,228.40 39,996.00 8,380.00 25,000.00 27,359.75 256.39 27,009.50 517.71 21,220.90 427.00 15,672.75 84.00 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.eom. (Revision 7.0.2) Div: 0.925 Ex: 05/03 Rec: 05/05 Pay: 05/14/04 2000 KINDER MORGAN ENERGY PARTNERS UT LTD PARTNER N'fSE 05/07/2004 41.50000 39.50000 H/L Div: 0.69 Ex: 04/28 Ree: 04/30 Pay: 05/14/04 2aO PFIZER INC COM NYSE 05/07/2004 36.75000 36.31000 H/L 1100 TEPPCO PARTNERS L P UT LTD PARTNER NYSE 05/07/2004 37.12000 35.60000 H/L 500 TIME WARNER INC COM NYSE 05/07/2004 16.97000 16.55000 H/L 1 NUVEEN PA PREM INCOME MUN FD PFD AUC RTE TH (book entry only) OTC 05/07/2004 25000.00000 25000.00000 25000 SCRANTON PA PKG AUTH PKG REV GTD PKG R FT Intr. DTD: 06/01/1995 Mat: 09/15/2020 7.1% 05/07/2004 109.43900 109.43900 A/B Int: 03/15/2004 to 05/07/2004 25000 JEANNETTE PA SCK DIST G.O. BDS FT Intr. DTD: 07/15/1997 Mat: 06/15/2025 5.25% 05/07/2004 108.03800 108.03800 A/B Int: 12/15/2003 to 05/07/2004 20000 DELAWARE CNTY PA INDL DEV AUTH REF BDS OTC DTD: 04/16/1997 Mat: 07/01/2013 6.1% 05/07/2004 106.27700 105.93200 A/B Int: 01/01/2004 to 05/07/2004 15000 PITTSBURGH PA URBAN REDEV AUTH REV BDS FT Intr. DTD: 09/01/1997 Mat: 10/01/2014 5.6\ 05/07/2004 104.48500 104.48500 Ala Int: 04/01/2004 to 05/01/2004 Date of Death: 05/07/2004 Estate of: Aaron ~ordenberg Valuation Date: 05/07/2004 Account: WJN-Q19579 (Rev. Trust) Processing Date: 06/10/2004 Number of Securities: 59 tile 10: Nordenberg WJN-019579 6-10-04 Shares Security Mean and/or Security Div and Int CUSIP or Par Description High/Ask Low/Bid Adjustments Value Accruals 11) 717817DT4 10000 PHILADELPHIA PA ARPT REV ARPT REV FT Intr. DTD: 06/15/1995 Mat: 06/15/2015 6. 05/07/2004 106.00500 105.96000 A/a 105.982500 10,598.25 lnt: 12/15/2003 tn 05/07/2004 236.67 12) 23825HCZ8 10000 DAUPHIN CNTY PA GEN AUTH HOSP HOSi? REV FT Intr. DTD: 06/01/1993 Mat: 07/01/2016 5.75' 05/0712004 105.43400 105.18400 Ala 105.309000 10,530.90 Int: 01/01/2004 to 05/07/2004 201.25 131 3684970L4 20000 GEISINGER AUTH PA HEALTH SYS R HLTH SYS FT Intr. DTO: 08/0111998 Mat: 08/15/2016 5. 05/07/2004 99.39400 99.14400 A/E 99.269000 19,853.80 Int: 02/15/2004 to 05/07/2004 227.78 14) 017350ZXO 10000 ALLEGHENY CNTY PA RESIDENTIAL SINGLE FA FT Intr. DTD: 07/01/1996 Mat: 11/01/2016 6.25' 05/07/2004 103.11700 102.87800 A/a 102.997500 10,299.75 Int: 0510112004 to 0510712004 10.42 15) 017286ET8 10000 ALLEGHENY CNTY PA ARPT REV REV REF 8 FT Intr. DTD: 10/01/1997 Mat: 01/01/2017 5. 05/07/2004 101.19000 100.94000 Ala 101.065000 10,106.50 Int: 01/01/2004 tn 05/07/2004 175.00 161 661517RH7 25000 NORTH PENN PA SCH DIST GO seH aD OTe DTD: 12/01/2003 Mat: 03/01/2017 4% 05/07/2004 95.48100 95.23100 A/a 95.356000 23,839.00 Int: 12/01/2003 to 05/07/2004 433.33 111 1l788QY69 25000 PHILADELPHIA PA SCH DIST G.O. BDS FT Intr. DTD: 12/15/1998 Mat: 04/01/2018 4.5. 05107/2004 98.59800 98.34800 A/a 98.473000 24,618.25 Int: 04/01/2004 to 05/07/2004 112.50 18) Q14863FDB 25000 BEAVER CNTY PA HOSP AUTE REV REV 80S fT Tntr. DTD: 08/04/1998 Mat: 05/15/2018 5. 05/07/2004 102.96200 102.71200 A/a 102.837000 25,709.25 Int: 11/15/2003 to 05/07/2004 597.22 19) 11 7818XTO 20000 PHILADELPHIA PA AUTH FOR INDL REV 8DS OTC OTD: 06/25/1998 Mat: 06/0112018 5. 05/07/2004 101. 99300 101. 74300 A/a 101.868000 20,373.60 Int: 12/01/2003 to 05/07/2004 433.33 20) 01728ARVO 20000 ALLEGHENY CNTY PA HOSP DEV AUT REV 80S FT Intr. DTD: 01101/1998 Mat: 11/15/2018 4.875' 05/07/2004 100.81700 100.56700 AlE 100.692000 20,138.40 Int: 11/15/2003 to 05/07/2004 465.83 Page 2 This report was produced with EstateVal, a product of Estate Valuations, pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 1.0.2) Date of Death: Valuation Date: Processing Date: CUSH 21) 29520MAB7 22) 719168FL5 23) 717903TMO 24) 10Sl1NAW4 25) 717825006 26) 708691AN0 27) 961008MCO 28) 717893KM2 291 074851KU9 30) 987414HKB 05/07/2004 05/07/2004 06/10/2004 Estate of: Aaron Nordenberg Account: WJN-019579 (Rev. Trust) Number ot Securities: 59 File 10: Nordenberq WJN-019579 6-10-04 Shares or Par Security Description Low/aid Mean and/or Security Adjustments Value Div and Int Accruals High/ASk 25000 ERIE CNTY FA INDL OEV AUTH ENV REV BDS FT Intr. OTO: 11/15/1996 Mat: 12/01/2020 5.85\ 05/07/2004 102.04500 101.54500 A/e lnt: 12/01/2003 to 05/07/2004 15000 PHOENIXVILLE PA GO BDS FT Intr. OTO: 05/01/2003 Mat: 12/01/2020 4.5% 05/07/2004 98.06500 lnt: 12/01/2003 to 05/07/2004 97.81500 A/e 101. 795000 97.940000 100.250500 101. 779000 101. 940000 99.429000 101. 637000 101. 229000 102.010500 36.071000 25,448.75 633.75 14,691.00 292.50 10,025.05 113.89 20,355.80 100.00 10,194.00 244.86 21\,851.25 296.11 10,163.70 210.00 15,184.35 200.00 10,201.05 52.50 18,035.50 Page 3 This report was produced with EstateVal, a product of Estate Valuations & pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) . 10000 PHILADELPHIA PA HOSPS & HIGHER HOSP REV FT Intr. OTO: 06/01/1993 Mat: 02/15/2021 5% 05/07/2004 100.25800 100.24300 A/e lnt: 02/15/2004 to 05/07/2004 20000 PENNSYLVANIA S7 HIGHER EDL FAC REV 80S FT Intr. OTO: 06/01/1998 Mat: 04/01/2021 5\ 05/07/2004 101.90400 101.65400 A/e lnt: 04/01/2004 to 05/07/2004 10000 PHILADELPHIA FA HaSPS & HIGHER REV 80S FT Intr. OTO: 07/01/1998 Mat: 05/15/20215.125% 05/07/2004 102.06500 101.81500 A/e lnt: 11/15/2003 to 05/07/2004 25000 PENNSYLVANIA ECONOMIC DEV FIN REV 80S FT Intr. 010: 08/01/2001 Mat: 08/15/2021 5.2% 05/07/2004 99.55400 lnt: 02/15/2004 to 05/07/2004 99.30400 Ale 10000 WESTMORELAND CNTY FA INDL DEV HOSP REV FT Intr. OTO: 12/15/1992 Mat: 07/01/2022 6% 05/07/2004 101.63700 101.63700 A/e lnt: 01/01/2004 to 05/07/2004 15000 PHILADELPHIA FA WTR & WASTEWTR REV 80S FT Intr. OTO: 10/15/1997 Mat: 08/01/2022 5% 05/07/2004 101.35400 101.10400 A/e lnt: 02/01/2004 to 05/07/2004 10000 BEAVER CNTY FA G.O. 80S FT Intr. DTD: 11/01/1997 Mat: 10/01/2022 5.25% 05/07/2004 102.25100 101.17000 A/e Int: 04/01/2001\ to 05/01/2004 50000 YOUGH SCH DIST FA G.O BOS OTC DTO: 01/16/2002 Mat: 10/01/2022 0% 05/07/2004 36.19600 35.94600 A/e Date of Death: Valuation Date: Processing Date: CtlS1P 311 524850CG7 32) 7l782MAR7 33) 725304Hv4 34) 613603LLl 35) 72478pl\N6 361 863475KN8 371 01730GAT6 381 246018CW3 391 663507AE1 401 132042AK8 05/07/2004 05/07/2004 06/10/2004 Estate of: Aaron Nordenberg Account: WJN-019579 (Rev. Trust) Number of Securities: 59 File 1D: Nordenberg WJN-019579 6-10-04 Shares or Par Security Description High/ASk Low/Bid Mean and/or Security Adjustments Value oi v and Int Accruals 25000 LEHIGH NORTHAMPTON PA ARPT AUT AIRPORT R FT Intr. DTD: 11/01/1993 Mat: 01/01/2023 5.5\ 05/07/2004 102.44700 102.44200 A/B Int: 01/01/2004 to 05/07/2004 15000 PHILADELPHIA PA HasPS & HIGHgR LEASE REV FT Intr. DTD: 10/15/2001 Mat: 05/01/2023 5\ 05/07/2004 100.99200 100.74200 A/B Int: 05/01/2004 to 05/07/2004 10000 PITTSBURGH PA WTR & SWR AUTE W REV BDS FT Intr. DTD: 03/01/1998 Mat: 09/01/2023 5.25\ 05/07/2004 101.57500 101.50500 AlB Int: 03/01/2004 to 05/07/2004 35000 MONTGOMERY CNTY PA HIGHER ED & REV BDS FT Intr. DTO: 09/15/1997 Mat: 10/01/2023 5.25\ 05/07/2004 101.58000 100.84400 A/B Int: 04/01/2004 to 05/07/2004 25000 PITTSBURGH & ALLEGHENY CNTY PA SALES TAX FT Intr. DTD: 05/01/1999 Mat: 02/01/2024 5\ 05/07/2004 99.62100 99.37100 A/B Int: 02/01/2004 to 05/07/2004 10000 STROODSBURG PA AREA SCH DIST G.O BDS FT Intr. DTD: 12/01/2001 Mat: 04/01/2024 5\ 05/07/2004 100.50800 100.25800 A/B Int: 04/01/2004 to 05/07/2004 lsaaa ALLEGHENY CNTY PA INDL DEV AUT REV BDS FT Intr. DTD: 11/01/2002 Mat: 12/01/2024 5\ 05/07/20D4 10D.41000 100.16000 A/B Int: 12/01/2003 to 05/07/2004 10000 DELAWARE CNTY PA INDL OEV AUTH WATER FAC FT Intr. DTD: 08/15/1995 Mat: 08/15/2025 6.35\ 05/07/2004 107.03800 106.98600 A/B Int: 02/15/2004 to 05/07/2004 15000 NORTHAMPTON CNTY PA GEN PURP A CNTY AGRE FT Intr. DTD: 12/19/2001 Mat: 10/01/2025 5.125\ 05/07/2004 100.83100 100.58100 A/B Int: 04/01/2004 to 05/07/2004 15000 CAMBRIA CNTY FA INDL DEV AUTE REV REF 8 FT Intr. DTD: 11/01/1995 Mat: 11/01/2025 6.05% 05/07/2004 107.44200 107.38200 A/B Int: 05/01/2004 to 05/07/2004 102.444500 100.867000 101. 540000 101. 212000 99.496000 100.383000 100.285000 107.012000 100.706000 107.412000 25,611.13 481.25 15,130.05 12.50 10,154.00 96.25 35,424.20 183.75 24,874.00 333.33 10,038.30 50.00 15,042.75 325.00 10,701.20 144.64 15,105.90 76.88 16,111. 80 15.13 Page 4 This report was produced with EstateVal. a product of Estate Valuations & p~icin9 Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) Date of Death: Valuation Date: Processing Date: ctlSIP 411 01728AKS4 421 709221GH2 431 246352AH1 H) 717823M70 451 709222AY9 461 71781Q6R8 471 454695AE7 481 7l7893KNO 49) 708792TJ5 501 3684970NO 05/07/2004 05/07/2004 06/10/2004 Estate of: Aaron Nordenberg Account: WJN-019579 (Rev. Trust) Number of Securities: Sg File ID: Nordenberg WJN-019579 6-10-04 Shares or Par Security Description Low/Bid Mean and/or Security Adjustments Value Div and Jnt Accruals High/Ask 10000 ALLEGHENY CNTY PA HOSP OEV AUT HEALTH CA FT Intr. OTD: 12/01/1995 Mat: 12/01/2025 5.375% 05/07/2004 103.56000 103.49800 A/6 Int: 12/01/2003 to 05/07/2004 20000 P&NN$Y1VANIA ST TPK CQMMN OIL REV BDS FT Intr. DTD: 08/01/2003 Mat: 12/01/2025 5% 05/01/2004 99.86100 Int: 12/01/2003 to 05/07/2004 99.61100 A/6 103.529000 99.736000 103.203000 96.811000 98.805000 100.231000 107.051500 99.656000 101.176500 96.187000 10,352.90 232.92 19,947 .20 433.33 10,320.30 192.50 19,374.20 350.00 24,101.25 388.89 10,023.10 51.25 10000 DELAWARE RIV PORT AUTH PA & NJ REV BOS FT Intr. DTD: 11/15/1995 Mat: 01/01/2026 5.5% 05/01/2004 103.20300 6id Int: 01/01/2004 to 05/07/2004 20000 PHILADELPHIA PA GAS WKS REV REV BDS FT Intr. DTD: 04/02/2003 Mat: 07/01/2026 5\ 05/01/2004 96.99600 Int: 01/01/2004 to 05/01/2004 96.74600 A/6 10,105.15 9.92 19,931.20 213.33 15,176.48 87.75 33,665.45 398.61 25000 PENNSYLVANIA ST TPK COMMN REGI REV BDS FT Iotr. DTD: 07/01/2001 Mat: 07/15/2026 5% 05/01/2004 98.93000 Int: 01/15/2004 to 05/01/2004 98 . 68000 A/6 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) 10000 PHI1AQ&LPHIA PA AUTH FOR INDL LEASE REV FT Intr. DTD: 12/01/2001 Mat: 10/01/2026 5.125% 05/01/2004 100.35600 100.10600 A/6 Int: 04/01/2004 to 05/07/2004 10000 INDIANA CNTY PA INDL DEV AUTa REV BDS FT Intr. DTD: 05/01/1991 Mat: 05/01/2027 5.95% 05/01/2004 107.32600 106.17100 A/6 Int: 05/01/2004 to 05/01/2004 20000 PHILADELPHIA PA WTR & WASTEWTR REV BDS FT Intr. DTD: 10/15/1991 Mat: 08/01/2021 5.125% 05/01/2004 99.78100 99.53100 A/6 Int: 02/01/2004 to 05/07/2004 15000 PENNSYLVANIA HSG FIN AGY SINGLE FA FT Intr. DTO: 09/01/1991 Mat: 10/01/2027 5.85% 05/01/2004 101.30400 101.04900 A/6 lnt: 04/01/2004 to 05/07/2004 35000 GEISINGER AUTH PA HEALTH SYS R HLTH SYS FT Intr. DTD: 08/01/1998 Mat: 08/15/2028 5% 05/01/2004 96.43100 95.93700 A/6 Int: 02/15/2004 to 05/07/2004 Page 5 Date of Death: Valuation Date: Processing Date: CUSIP 51) 92113A843 52) 92113A835 53) 100543107 54) 01728NAS7 551 368497EQ2 56) 524805E79 57) 613604TP2 581 6136040Q8 59) 71781QaRS 05/07/2004 05/07/2004 06/10/2004 Estate of: Aaron Nordenberq Account: WJN-019579 (Rev. Trust) Number of Securities: 59 File ID: Nordenberq WJN-019579 6-10-04 Shares or Par Security Description Low/Bid Mean and/or Security Adjustments Value High/Ask 217.054 VAN KAMPEN EQUITY TR AGGRE GRW A NASDAQ 05/07/2004 12.49000 aid 1196.532 VAN KAMPEN EQUITY TR AGGRE GRW B NASOAQ 05/07/2004 11.61000 Bid 35955.2 BOSTON ADVISORS MONEY MKT FOS CASH RESV CL 1 NASDAQ 05/07/2004 1.00000 1. 00000 25000 ALLE.GHE.NY CNTY PA C'l'FS PAR'rN COPS FT Intr. OTD, 05/01/1999 Mat' 12/01/2028 5% 05/07/2004 97.90900 Int, 12/01/2003 to 05/07/2004 97.65900 A/a 25000 GEISINGER AUTH PA HEALTH SYS R HLTH SYS FT Intr. DTD' 08/01/1998 Mat: 08/15/2028 5% 05/07/2004 97.64700 97.39700 A/a Int: 02/15/2004 to 05/07/2004 35000 LEHIGH CNTY PA GEN PURP AUTH R REV BDS FT Intr. DTD, 04/01/1998 Mat: 07/01/2028 5% 05/07/2004 97.25300 Int: 01/01/2004 to 05/07/2004 97.00300 A/a 30000 MONTGOMERY CNTY PA HIGHER ED & HOSP REV E"l' Intr. OTD, 04/01/1998 Mat' 06/01/2028 5% 05/07/2004 96.59700 96.34700 A/a Int: 12/01/2003 to 05/07/2004 70000 MONTGOMERY CNTY PA HIGHER ED & HOSP REV FT Intr. DTD, 10/22/2002 Mat: 06/01/2027 5.125% 05/07/2004 96.51800 96.01800 A/a Int, 12/01/2003 to 05/07/2004 55000 PRlLADELPHIA PA AUTH FOR INDL LEASE REV FT Intr. DTD: 12/01/2001 Mat: 10/01/2026 5.125% 05/07/2004 100.35600 100.10600 A/a Int: 04/01/2004 to 05/07/2004 Total Val ue: Total Accrual: Total: $1,304,588.62 Paqe 6 12.490000 11. 610000 1. 000000 97.784000 97.522000 97.128000 96.472000 96.268000 100.231000 2,711.00 13,891. 74 35,955.20 24,446.00 24,380.50 33,994.80 28,941. 60 67,387.60 55,127.05 $1,287,621.50 Di'\7 and lnt Accruals 541. 67 284.72 612.50 650.00 1,554.58 281. 88 $16,961.12 This report was produced with EstateVal, a product of Estate Valuations & Pticing Systems, Inc. If you have questions, please contact EV? Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.2) WALBORN NAUGLE SHAMBACH ASSOCIATES CERTIFIED PUBLIC ACCOUNTANTS 1714 NORTH SECOND STREET HARRISBURG, PENNSYLVANIA 17102 RONALD E. WALBORN, CPA RICHARD E. SHAM8ACH, CPA CORNELIUS J. KEIM Ill, CPA MARTIN C. NAUGLE, CPA RONALD E. WALBORN, JR.. CPA December 13, 2004 TE.L (7 \ 7) 2.36-7912 FAX (717) 236-7920 E-MAIL: STAFFOWNACPA.COM Stanley Smith, Esq. Rhoads & Sinon LLP 1 South Market Square Harrisburg PA 17101 Re: Polecat Enterprises Valuation Dear Stan: As you know, Dr. Nordenberg died on May 7,2004. At his death he owned a 25% interest in Polecat Enterprises. Polecat is a partnership formed July 25, 1977 to develop residential lots in Perry County, Pennsylvania.. The land. is located in a rural township that does not have access to publio sewer services. This has slowed development activity. No lots have been sold for at least ten years. We have enclosed a letter from the general partner indicating that the value of the land that remains as one parcel would be worth $180,000. This is an appropriate value due to the soil conditions that limit the options for septic services. Using the enclosed tax basis financial statement for Polecat Enterprises and substituting the fair market value of the land at $180,000 for the cost value of $96,856 results in an increase in the equity of the partnership of $83,144. The adjusted equity would be $129,642, and Dr. Nordenberg's 25% interest would be worth $32,410. This would be an appropriate value as of May 7, 2004 for his interest. Please contact us if we can be of further assistance. Si1c ~ Martin C. Naugle, CPA MCN:kls Enclosures 2loiiresftad gr.oup 4075 MARKET STREET I CAMP Hill, PA 17011 I PHONE (717) 763-7500 I FAX (717) 763-0290 REALTOR INC. November 17,2004 Mr. Marty Naugle Walborn, Naugle & Shambach 171 4 North Second Street Harrisburg, PA 17102 RE: Polecat Enterprises Dear Mr. Naugle: As per your inquiry regarding the approximately 40 acres owned by Polecat Enterprises in Miller Township, Perry County, I believe the land could be sold as one parcel for approximately $4,500.00 per acre or $180,000.00 total. Please let me know if you need any further information. :r;;;; Ken Vandenburgh General Partner for Polecat Enterprises WALBORN NAUGLE SHAMBACH ASSOCIATES CERTIFIED PUBLIC ACCOUNTANTS 1714 NORTH SECOND STREET HARRISBURG, PENNSYLVANIA 17102 December 13, 2004 Polecat Enterprises Harrisburg, Pennsylvania We have compiled the accompanying statements of assets, liabilities and partners' equity - income tax basis of Polecat Enterprises as of December 31, 2003 and 2002, and the related statements of income received and expenses paid - income tax basis, and changes in partners' capital - income tax basis for the years then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The financial statements have been prepared on the accounting basis used by the Company for income tax purposes, which is a comprehensive basis of accounting other than generally accepted accounting principles. A compilation is limited to presenting in the form of financial statements information that is the representation of management. We have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or any other form of assurance on them. Management has elected to omit substantially all of the disclosures ordinarily included in financial statements prepared on the income tax basis of accounting. If the omitted disclosures were included in the financial statements, they might influence the user's conclusions about the Company's assets, liabilities, equity, revenues, and expenses. Accordingly, these financial statements are not designed for those who are not informed about such matters. 'JtI~~ S~rt~ POLECAT ENTERPRISES STATEMENTS OF ASSETS, LIABILITIES AND PARTNERS' EQUITY - INCOME TAX BASIS DECEMBER 31, 2003 AND 2002 2003 2002 ASSETS Cash Inventory, Land 41,195 41,195 Development Costs 55,661 55,661 TOTAL ASSETS 96,856 96,856 LIABILITIES AND PARTNERS' EQUITY LIABILITIES Accounts Payable Accrued Expenses 45,858 4,500 43,316 4,200 TOTAL LIABILITIES AND PARTNERS' EQUITY (DEFICIT) 96,856 49,340 96,856 PARTNERS' EQUITY 46,498 See accountants' compilation report. POLECAT ENTERPRISES STATEMENTS OF INCOME RECEIVED AND EXPENSES PAID - INCOME TAX BASIS FOR THE YEARS ENDED DECEMBER 31, 2003 AND 2002 2003 2002 OPERATING EXPENSES Accounting Insurance Office Expense Real Estate Taxes TOTAL OPERATING EXPENSES 300 250 7 2,285 2,842 300 250 7 2,417 2,974 NET INCOME (LOSS) (2,842) (2,974) See accountants' compilation report. POler 0311712000 10:27 AM Form 106511999) Schedule K l'OLECAT ENTERPRISES Partners' Shares of Income Credits Deducfons 23-2055372 PaQe 3 I e c. (a) Distributive share items fb\ Total amount 1 Ordinary income (loss) from trade or business activities (page 1, line 22) 1 -1 536 ..... .... ... 2 Net income (loss) from rental real estate activities (attach Form 8825) . ... 2 3a Gross income from ather rental activities I~~T ...... I 3b I b Expenses from other rental activities (attach sch.) ... ..... c Net income (loss) from other rental activities. Subtract line 3b from line 3a .. ....... 3c 4 Portfolio income (lass): a Interest income 4a ..... ... .... ... .... ........ ..... Income b Ordinary dividends 4b .. ....... ...... .... ...... (Loss) c Royalty income ....... ... 4c d Net short-term capital gain ([oss) (allach Schedule 0 (Form 1065)) 4d e Net long~term capital gain (loss) (attach Schedule D (Form 1065)): (1) 2B% rate gain (Ioss)~ ...... .... (2) Totalfor year. ~ 4e(2 ...... f Other portfolio income (loss) (attach schedule) ..... 41 5 Guaranteed payments to partners. . . ... 5 6 Net section 1231 gain (loss) (other than due to casualty or theft) (aUach Form 4797) 6 7 Other income floss) (attach schedule' . 7 B Charitable contributions (attach schedule) 8 .... 9 Section 179 expense deduction (attach Form 4562) . 9 Deductions 10 Deductions related to portfolio income (itemlze) 10 11 other deductions (attach schedule) 11 12a Low-income housing credit (1) From partnerships to which section 420)(5) applies for property placed in service before 1990 12a'1 (2) Other than on line 12a(1) for property placed in service before 1990 . ... 12a{2 (3) From partnerships to which section 42(j){5) applies for property placed in service after 1989 12a(3 Credits (4) Other than on line 12a(3) for property placed in service after 1989 12a(4 b Qualified rehabilitation expenditures related to rental real estate act. (atl Form 346B) 12b c Credits (other than cr. shown on lines 12a & 12b) related to rental real estate activities .... 12c d Credits related to other rental acttlJlties 12d ..... 13 Other credits 13 In....est- 14a Interest expense on investment debts ... 14a ..... ....... ment b (1) Investment income included on lines 4a, 4b. 4c, and 4f above 14b(1 lnterest (2) Investment exoenses included on line 10 above 14b(2 5_11- 15a Net earnings (loss) from self-employment 15a -768 Employ- b Gross farming or fishing income 15b ment c Gross nonfarm income 15c 16a Depredation adjustment on property placed in service after 1986 . 16a Adjust- ...... b Adjusted gain or loss 16b ments ... c Depletion (other than oil and gas) . ....... 16c and Tax 16d(1 d (1) Gross income from oil, gas. and geothermal properties Preference (2) Deductions allocable to oil, gas, and geothermal properties 16d12 Items e Other adjustments and tax oreference items (attach schedule) 16. 17a Type of income.... b Name of foreign country or U.S. possession.... c Total gross income from sources outside the United States (attach sch.) 17c Foreign d Total applicable deductions and losses (attach schedule) 17d Taxes e Total foreign taxes {check one):.... 0 Paid O' Accrued 17_ f Reduction in taxes available for credit (attach schedule) 171 n Other foreinn lax information (attach SChedule' 170 18 Section 59(e)(2) expenditures: a Type . b Amount . 18b 19 rax~exempt interest income 19 20 Other tax~exempt income 20 Other 21 Nondeductible expenses . 21 22 Distributions of money (cash and marketable securities) . 22 23 Oistlibutions of property other than money 23 2. Other [terns & amounts reauired to be reoort~d's~n~~~t~I~.t; ~~rt~~~ (~tt.' ~~h~).. t Form 1065 (1999) OM POlCT 03/1712000 10:27 AM Form 1065 (1999\ POLECAT ENTERPRIS1;;S 23-2055372 Paoe 4 Analvsis of Net Income (Loss) 1 Net income (loss). Combine Schedule K, lines 1 through 7 in column (b). From the result, subtract the I 1 I sum of Schedule K, lines 8 throunh 11, 14a 17e and 18b -~ 536 2 Analysis by (ii) Individual (iil) Individual (v) Exempt partner type: (i) Corporate lactive' Inassive' (Iv) Partnership QfQanization (vi) Nominee/Other a General partners -768 b Umited oartners -768 Schedule L Balance Sheets Der Books {Not reouired if Question 5 on Schedule B is answered ''Yes.''\ Beninninn of tax vear End of tax vear Assets (al Ibl leI Id\ 1 Cash 2a Trade notes and accounts receivable ... b Less allowance for bad debts 3 Inventories 96 856 96 856 ..... 4 U.S. government obligations ..... 5 Tax-exempt securities 6 Other current assets (attach schedule) ... 7 Mortgage and real estate loans 8 Other investments (attach schedule) ...... ... 9a Buildings and other depreciable assets ... b Less accumulated depreciation ...... 10a Depletable assets ........ b Less accumulated depletion ..... 11 Land (net of any amortization) ... ... 12a Intangible assets (amortizable only) ... ... b Less accumulated amortization 13 Other assets (attach schedule) . .... .... 96 856 14 Total assets ... ...... 96 856 Liabilities and Capital 15 Accounts payable 4 42~ 4 722 ... .......... 16 Mortgages. notes. bonds payable in less than 1 year 17 Other current tiabUmes See StInt 3 34 ~32 35,367 (attach schedule) 18 All nonrecourse loans ...... 19 Mortgages, noteS. bonds payable in 1 year or mare 20 Other liabilities (attach schedule) ..... 56 767 21 Partners' capital accounts. . 58,303 22 Total liabilities and canital . 96 856 96 856 Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Not re uired if Question 5 on Schedule 8 is answered "Yes." See a e 29 of the instructions. Net income (loss) per books. -1 536 6 Income recorded on books this year not in- Income included on Sch. K, In. 1 through eluded on Schedule K, lines 1 through 7 (itemize): 4.6, and 7, not recorded on books this a Tax-exempt interest $. 1 2 year (itemize): 3 Guaranteed payments (other than health insurance) 4 Expenses recorded on bOoks this 'year noi' ' included on Schedule K. lines 1 through 11, 14a, 17e. and lab (itemize): 7 Deductions included on Schedule K, lines 1 through 11, 14a, 17e, and lab, not charged against book income this year (itemize): a Depreciation $ . a b Depreciation $ Travel ilnd $ . . en\ertammef'lt . 5 Add lines 1 throu h 4 Schedule M-2 Anal sis of Partners' Ca 1 Balance at beginning of year 2 Capital contributed during year, . 3 Net income (loss) per books 4 Other increases . (itemize): 8 Add lines 6 and 7 9 Income (loss) (Analysis of Net Income (Loss), -1 536 line 1 . Subtract line 8 from line 5 . . ital Accounts Not re uired jf Question 5 on Schedule B is answered "Yes." 58 303 6 Distributions: a Cash. b Property -~ 536 -~ 536 7 Other decreases (itemize): 5 Add lines 1 throu h 4 OM 8 56 767 9 Add lines 6 and 7 Balance at end of ear. Subtract In. 8 from In_ 5 56 767 POlCT 03/17/2000 10:27 AM SCHEDULE K-1 (Form 1065) Department of the Treasury Rev erv' Partner's identi in number'" Partner's name, address, and ZIP code Partner's Share of Income, Credits, Deductions, etc. lItosee separate instructions, ear be innin OMS NO.1 545-0099 A This partner is a general partner o limited liability company member B What type of entity is this partner? ... Indi vidua1 C Is this partner a ~ domestic or aD' foreign partner? o Enter partner's percentage of: {i)o~~~~i~g~He {iil yearEnd of G Profit sharing % 25.0.0.0000'11 H loss sharing % 25.000000'11 Ownership 01 capital. . % ...2.5.. 0.0 () 0 () () 'I< E IRS Center where partnership filed return: I Phi1ade1 hia PA 19255-0011 limited partner and endi Partnershi 's identi in number'" Partnership's name, address, and ZIP code CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 F Partner's share of liabilities (see instructions): Nonrecourse Qualified nonrecourse financing Other Tax shelter registration number. . ,.. Check here if this partnership is a publicly traded partnership as defined in section 469(k)(2) . . 1999 For calendar ear 1999 ortax 019-32-4663 23-2055372 RUTH NORDENBERG 530 COLONY ROAD CAMP HILL PA 17011 $ $ $ 10,022 o Check applicable boxes: (1) o Final K-1 (2) o Amended K~l J Analvsis of cartner's cacital account: (a) Capital account at (b) Capital contributed (c) Partner's share of lines (d) Wlthdcawals <lnd (0) Capital account at ena of beginning of year during year 3.4, and 7, Form 1065, distributions year (C~~~~~ (d~~mns (a) Schedule M-2 14 550 -384 14 166 (a) Distributive share item (b) Amount (e) 1040 filers enter the amount in column (bl on: 1 Ordinary income (loss) from trade or business activities 1 -384 } See p.ge' of Partner, "" 2 Net income (loss) from rental real estate activities 2 Instructions foe Schedule K~ 1 ....... 3 Net income (loss) from other rental activities 3 (Form 1065). ... ...... 4 Portfolio income (loss): a Interest 4a Sch. 8, Part I,line 1 b Ordinary dividends , 4b Sch. B, Part II, line 5 Income ......' Sch. E, Part I, line 4 c Royalties. 4c (loss) d Net short-term capital gain (loss) . 4d Sch, D, line 5, col. (1) e Net long-term capital gain (loss): (1) 28% rate gain (loss) .111 8ch. D.line 12. col. (g) (2) Total for year ... .121 Sch. D, Hne 12, col. (f) 1 Other portfolio income (loss) (att schedule) . 41 Enter on applic, In. of your rtn. ...... 5 Guaranteed payments to partner. 5 } See p.ge . of P,rtner, ... Instructions foe Schedule K-1 6 Netsectlon 1231 gain (loss) (other than due \0 casualty or theft). .. 6 (Form 1065). 7 Other income (loss' (attach schedule\ 7 Enter on annlic. In. of vour rtn. 8 Charitable contributions (see instr.) (art.. sch.) . 8 Sch, A, line 15 or 16 Deduc~ 9 Section 179 expense deduction. 9 } See p.g.. 7 and 8 of tions 10 Deductions related to portfolio inc. (art. sch.) 10 Partner's Instructions for Other deductions 'attach schedule\ Schedule K-1 (Form 1065). 11 11 12_ Low-income housing credit (1) From section 42(j)(5) partnerships for property placed in service before 1990 _11' (2) Other than on line 12a(1) for property placed in service before 1990 _121 ... Form 8586, line 5 (3) From section 42QH5) partnerships for property placed in service after 1989 _131 Credits (4) Other than on line 12a(3) for property placed in service after 1989 _'41 b Qualified rehabilitation expenditures related to rental real estate activities 12b c Credits (other than credits shown on Jines 12a and 12b) related } ~_w_ to rental real estate activities 12c Instructions far Schedule K.1 (Form 1065). d Credits related to ather rental activities 12d 13 Other credits 13 For Paperwofk Reduction Act Notice, see Instructions for Form 1065. DAA Schedule K~l (Form 1065) 1999 There are no amounts for page 2. POLer 031171200010:27 AM SCHEDULE K-1 (Form 1065) Department of the Treasury . . Partner's Identi in number.... Partner's name, address, and ZIP code Partner's Share of Income, Credits, Deductions, etc. )losee separate instructions. ear be innin 1999 For calendar ear 1999 or tax 145-32-8865 CHARLES K VANDENBURGH 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 A This partner is a general partner limited partner o limited liability company member B What type of entity is this partner? .. Individual C Is this partner a ~ domestic or aD. foreign partner? D Enter partner's percentage of: (l)o~~~~i~cg~e (ii) year End of Profilsharing. %.?O.,.O.O.OOOO- Loss sharing % .50.000000- Ownership oleapital. ............. % .?O. ,.OO.O()OOO E IRS Center where partnership filed return: Phi1adel hia PA 19255-0011 OMS No. 1545-0099 and endin Partners hi 's identl in number'" Partnership's name, address, and ZIP code CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 F Partner's share of liabilities (see instructions): Nonrecourse Qualified nonrecourse financing Other ........... G Tax shelter registration number. .. H Check here if this partnership is a publicly traded partnership as defined in section 469(k)(2) . 23-2055372 $. $. $.... .........20,045 o Check applicable boxes: D Final K.1 (2) D Amended K-1 (1) J Analvsls of cartner's ca[ ital account: (a) Capital account at (b) Capital contributed (c) Partner's share of lines (d) Withdrawals and (e) Capital account at end of beginning of year during year 3,4, and 7, Form 1065, distributions year (Ct~~~~~ fg~~mns (a) Schedule M.2 29 201 -768 28 433 (a) Distributive share item (b) Amount (c) 1040 fliers enter the amount in column (b) on: 1 Ordinary income (loss) from trade or business activities 1 -768 } See page 6 of Partooc', 2 Net income (loss) from rental real estate activities 2 Instructions for Schedule K.1 3 Net income (loss) from other rental activities 3 (Form 1065). ............ ........ 4 Portfolio income (loss): a Interest 4a Sch. S, Part I, line 1 .. ... Sch. e, Part II, line 5 b Ordinary dividends. 4b Income Sch. E, Part I, line 4 c Royalties. <Ie (Loss) d Net short-term capital gain (loss) . 4d Sch. D, line 5, col. (f) e Net long-term capital gain (loss): efl1 (1) 28% rate gain (loss) Sch. D, line 12, col. (9) ...... ....................... ef21~ (2) Total for year . Sch. D, line 12, col. (f) f Other portfolio income (loss) (aU. schedule) . 41 Enter on applic. In. of your rtn. 5 Guaranteed payments to partner. 5 } See page 6 of Pann.r, 6 Net section 1231 gain (loss) (other than due to casualty or theft) . 6 Instructiol)s for Schedule K.1 (Form 1065). 7 Other income (foss) (attach schedule' 7 Enter on aonlic. In. of "our rtn. 8 Charitable contributions (see instr.) (at!. sch.) . 8 Sch. A, line 15 or 16 Deduc- 9 Section 179 expense deduction 9 } See page' 7 and 8 of tions 10 Deductions related to portfolio inc. (att. sch.) 10 Partner's Instructions for Other deductions (attach schedule' . 11 Schedule K-1 (Form 1065). 11 12a Low-income housing credit: (1) From section 42(j)(5) partnerships for property placed in service before 1990 afl1 (2) Other than on line 12a(1) for property placed in service before 1990 af21 ,.. Form 8586, line 5 (3) From section 42(j)(5) partnerships for property placed in service after 1989 ........... a/3' Credits (4) Other than on line 12a(3) for property placed in service after 1989 a/4' b Qualified rehabilitation expenditures related to rental real estate activities 12b c Credits (other than credits shown on lines 12a and 12b) related } --'.-.' to rental real estate activities 12e Instructions for Schedule K.1 d Credits related to other rental activities 12d (Form 1065) 13 Other credits 13 For Paperwork Reduction Act Notice, see Instructions for Form 1065. DM Schedule K-1 (Form 1065) 1999 POLCT 0311712000 10:27 AM CHARLES K VANDENBURGH POLECAT ENTERPRISES 23-2055372 Schedule K-1 Form 1065 1999 Invest~ ment Interest Soll- employ. ment Adjust~ ments and Tax Prefer- ence Items ForeIgn Taxes Other Supple~ mental Informa~ tion DAA pa e 2 (c) 1040 filers enter the amount in column bon: Form 4952, line 1 }see page 9 of Partner's Instructioros for Schedule K-1 (Form 1065). Sch. SE. Section A or B }see page 9 of Partner's nstructions for Schedule K-1 Form 1065 . (a) Distrib~tive share item (b) Amount 14a Interest expense on investment debts b (1) Investment income induded on lines 4a, 4b, 4c, and 4f . 2 Investment ex enses included on line 10 153 Net earnings (loss) from self-employment. b Gross farming or fishing income c Gross nonfarm income 163 Depreciation adjustment on property placed in service after 1986 . b Adjusted gain or lass . c Depletion (other than oil and gas) . d {1) Gross income from oil, gas, and geothennal properties (2) Deductions allocable to oil, gas, and geothennal properties e other ad\lstments and tax reference items 173 Type of income" b Name of foreign country or possession" c Total gross inc. from sources outside the U.S. d Total applicable deductions & lasses (att. sch.) e Total foreign taxes (check one}:'" 0 Paid .... O' . A~~~~d' : : . f Reduction in taxes available for credit (att. sch.) . Other forei n tax information attach sch. Section 59(e)(2) expenditures: a Type'" 14. b 1 b2 15. 15b 15<: 16. 16b 16c d1 d2 160 -768 See page 9 of Partner's Instructions for Schedule K~ 1 (Form 1065) and Instructions for Form 6251. 17e 17d 17& 171 17 Form 1116, check boxes }orm 1116. Part I Form 1116, Part II Form 1116. Part III See Instructions for Form 1116. }see page 9 of Partner's nstructions for Schedule K.1 (Form 1065). Form 1040, line 8b 18 19 20 21 22 23 24 l8b 19 20 21 22 23 ~ee pages 9 and 10 of artner's Instl'\lcticns for Schedule K-1 (Form 1065). b Amount Tax-exempt interest income . Other tax~exempt income. . Nondeductible expenses. Distributions of money (cash and marketable securities) . Distributions of property other than money . Recapture of low.income housing credit: a From section 420)(5) partnerships 24a L""'orm 8611, line 8 b Other than on line 24a 24b r Supplemental information required to be reported separately to each partner (attach additional schedules if more space is needed): 25 Schedule K.1 (Form 1065) 1999 POLCT 04/0412000 3:24 PM SCHEDULE K-1 (Form 1065) Department of the Treasury " ' Partner's Share of Income, Credits, Deductions, etc. kee separate instructions. ear be innin OMS No. 1545-0099 limited partner and endin PartnefShi 's identi in number" Partnership's name, address, and ZIP code CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 F Partner's share of liabilities (see instructions): Nonrecourse Qualified nonrecourse financing Other G Tax shelter registration number. . ... H Check here if this partnership is a publicly traded partnership as defined in section 469(k){2) . 1999 Partner's Identi in number'" Partner's name, address, and ZIP code James & Deborah L. Whitson, Trustee Whitson Charitable Remainder Trust 2589 San Dominico Ave. Los Osos CA 93402 A This partner is a general partner o limited liability company member B What type of entity is this partner? ... Trus t C Is this partner a ~ domestic or aD' f~;~i9'~ p~~(? . . o Enter partner's percentage of: (i)o~t~mi~i18Re (ii) year End of Profit sharing % 25.000000' Loss sharing .. % ,25".oOO()()()' Ownership of capital , % ,2,5, ,.0,0,00 ()O,' E IRS Center where partnership filed return: Philadel hia FA 19255-0011 For calendar ear 1999 or tax 77-6133132 23-2055372 $ $ $ ..1(),022 o Check applicable boxes: (1) o Final K.1 (2) o Amended K~ 1 J Analvsis of partner's caniUiI account: (a) Capital account at (b) Capital contributed (c) Partner's share of lines (d) VVithdrawals and (e) Capital account at end of beginning of year during year 3,4, and 7, Fonn 1065, distributions year (COmbin~ ~~)mns (a) Schedule M-2 thrauah d 14 552 -384 14 168 (a) Distributive share item (b) Amount (c) 1040 filers enter the amount in column (b\ on: 1 Ordinary income (loss) from trade or business activities 1 -384 } See page . of Pa""." ....... 2 Net income (loss) from rental real estate activities 2 Instructions for Schedule K-1. .... ..,. ",,..' 3 Net income (loss) from other rental activities 3 (Form 1065). .... .., .... ....... 4 Portfolio income (loss): a Interest 4a Sch. 6, Part I, line 1 ..' ...... .. Sch. B, Part \I, line 5 b Ordinary dividends 4b Income ...... .... '" Sch. E, Part I, line 4 c Royalties. 4c (Loss) .... " .., Sch, D. line 5, col. in d Net short-term capital gain (loss) .. .... 4d e Net long-term capital gain (loss): (1) 28% rate gain (loss) .111 Sch, D, line 12, col. (g) (2) Total for year .., .., .ii, Sch, D.line 12, col. (n 1 Other portfolio income (loss) (aU. schedule) . 41 Enter on applic. In. of your rtn. 5 Guaranteed payments to partner. . . . . 5 } See pao. . of Pa""." Instructions for Schedule K.1 6 Net section 1231 gain (loss) (other than due to casualty or theft) . '.. 6 (Fonn 1065). 7 Other income (loss' (attach schedule' 7 Enter on a"''''lic. In. of vour rtn. 8 Charitable contributions (see instr.) (att. sch.) . 8 Sch. A, line 15 or 16 Deduc- 9 Section 179 expense deduction. . 9 } S.. p3o.' 7 eod B of tions 10 Deductions related to portfolio inc. (att. sch.) 10 Partner's Instructions for Other deductions (attach schedule\ ", Schedule K-1 (Form 1065). 11 11 12a Low-income housing credit: (1) From section 42(j)(5) partnerships for property placed in service before 1990 a'1' (2) O'her than on line 12a(1) for property placed 'In service before 1990 .'2' ... Form 8586, line 5 (3) From section 420)(5) partnerships for property placed in service after 1989 .... a'3' Credits (4) Other tha.n on line 12a(3) for property placed in service after 1969 .'41 b Qualified rehabilitation expenditures related to rental real estate activities 12b c Credits (other than credits shown on lines 12a and 12b) related } __,.,"_c. to renta.l real estate activities 120 Instructions for Schedule K-1 d Credits related to other rental activities 12d (Form 1065). rlther credits , 13 13 For Paperwork Reduction Act Notice, see Instructions for Form 1065. DM Schedule K-1 (Form 1065) 1999 There are no amounts for page 2. POLCT CHARLES K VANDENBURGH ETAL PTR 23-2055372 Federal Statements FYE: 12/31/1999 3/29/2000 8:11 PM Description Real Estate Taxes Total $ $ Statement 2. Form 1065, Paqe 1. Line 20 - Other Deductions Description Accounting Expense Insurance Office Expense Bank Service Charges Other Taxes Total $ $ 1-2 POLCT CHARLES K VANDENBURGH ETAL PTR 23-2055372 Federal Statements FYE: 12/31/1999 3/17/2000 10:27 AM Statement 3 - Form 1065. Schedule L. Line 17 - Other Current Liabilities Description Beginning of Year $ 34,132 $ 34,132 End of Year $ 35,367 $ 35,367 Loan Payable - VC, Inc. Total 3 POLCT CHARLES K VANDENBURGH ETAL PTR 23-2055372 Federal Statements FYE: 12/31/1999 3/17/2000 10:27 AM Form 1065. Schedule L. Line 3 -Inventories Description Beginning End of Year of Year $ 41,195 $ 41,195 12,730 12,730 42,931 42,931 $ 96,856 $ 96,856 Land Development Costs Work in process Total Form 1065. Schedule L. Line 15 - Accounts Pavable Description Beginning End of Year of Year Accounts Payable $ 1,421 $ 1,422 Accrued Accounting 3,000 3,300 Total $ 4,421 $ 4,722 Analvsis of Net Income (Lossl 1 Net income (loss). Combine Schedule K.lines 1 through 7 in column (b). From the result, subtract the IJ sum of$chedule K, tines 8 throunh 11, 14a, 17f, and 18b 1 594 2 Analysis by (ii) Individual (Ui) Individual (v) Exempt partner type: (Il Corporate lactive' (passive) (iv) Partnership ornanization (vI) Nominee/Other . General partners -797 b limited oartners -797 56 767 96 856 Reconciliation of Income (Lass) per Books With Income (Loss) per Return Not re uired if Question 5 on Schedule B is answered "Yes." See a e 30 of the instructions. Net income (loss) per books -1 594 6 Income recorded on books this year not in- Income included on Sch. K, In. 1 through eluded on Schedule K, lines 1 through 7 (itemize): 4, 6. and 7, not recorded on books this a Tax-exempt interest $ . POLer C4/04l2001 3:56 PM Form 1065 (20001 POLECAT ENTERPRISES 23-2055372 ScheduleL' Balance Sheets er Books Be innin of tax ear End of tax ear Assets Cash 2a Trade notes and accounts receivable b less allowance for bad debts 3 Inventories 4 U.S, government obligations. 5 Tax-exempt securities 6 Other current assets (attach scl1edule) Mortgage and (eal estate loans Other investments (attach schedule) Buildings and other depreciable assets less accumulated depreciation Depletable assets . less accumulated depletion . land (net of any amortization) Intangible assets (amortizable only) Less accumulated amortization Other assets (attach schedule) , Total assets Liabilities and Capital Accounts payable 7 8 9. b 10. b 11 12. b 13 14 15 16 17 Mortgages, notes, bonds payable in less than 1 year Otner current liabilities See Stmt 3 (attach schedule) . All nonrecourse loans 35 18 19 20 21 22 Mortgages, notes, bonds payable in 1 year or more Other liabilities (attach schedule) , Partners' capital accounts, Total liabilities and ca ital Schedule .M-1 ' 1 2 year (itemize)' 3 Guaranteed payments (other than health insurance) 4 Expenses recorded on books this year 'not 'Included on Schedule K, lines 1 through 11. 14a, 17f, and 18b (itemize)' a Depredation $ b J~~~~rnn~ent $ . 7 Deductions included on Schedule K, lines 1 through 11, 14a, 17f, and 18b, not charged against book income this year (itemize): a Depreciation $ 5 Add lines 1 throu h 4 . Schedule.M~2 Anal sis of Partners' Ca 1 Balance at beginning of year 2 Capital contributed during year 3 Net income (loss) per books 4 Other increases . (itemize): 8 Add lines 6 and 7 9 Income (loss) (Analysis of Net Income (loss), -1 594 line 1 . Subtract line 8 from line 5 . ' ital Accounts Not fe uired if Question 5 on Schedule B is answered "Yes." 56 767 6 Distributions: a Cash b Property -1 594 7 Other decreases (itemize): 5 Add lines 1 throu h 4 DAA 8 55 173 9 Add lines 6 and 7 Balance at end of ear. Subtract In. 8 from In. 5 PaQ8 4 d 96 856 96 856 5 068 36 615 55 173 96 856 -1 594 55 173 Form 1065 (2000) POLeT 04104/2001 3:56 PM Partner's Share of Income, Credits, Deductions, etc. )llosee separate Instructions. ear be inn!n SCHEDULE K-1 (Form 1065) Department of the Treasury I . Partner's Identi in number'" Partner's name, address, and lIP code Aaron Nordenberg Revocable Trust under 530 Colony Road Cam Hill For calendar ear 2000 or tax 019-32-4663 Agreement PA 17011 limited partner A This partner is a general partner o limited liability company member What type of entity is this partner? ... T ru s t Is this partner a ~ domestic or aD. foreign partner? Enter partner's percentage of: (i) ~~t?~ig~~gRe (iil year End of ProSlsharing % 25,00()0000/, Loss sharing % 25.0000000/, Ownership of capital % 25 . 600 ti 0 0 0/, E IRS Center where partnership filed return: Cincinnati OH 45999-0011 J Anal sis of artner's ca ital account: (a) Capital accou(lt at (b) Capital contributed beginning of year during year B C D OMS No. 1545-0099 2000 and endin Partnershi '5 identi in number'" Partnership's name, address, and ZIP code CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 F 23-2055372 Partner's share of liabilities (see inSlructions): Nonrecourse Qualified nonrecourse financing. Other. $ $ $ .10,421 G Tax shelter registration number . ... H Check here if this partnership is a pubHcly traded partnership as defined in section 469(k)(2) o Check applicable boxes: (1) o Final K.1 o Amended K~l (2) (d) Withdrawals and distributions (e) Capital account at end of year (combine columns (a) Ihrou h d 13 768 (c) 1040 filers enter the amount in column bon: } See page 6 of Partner's Instructions for Schedule K.1 (Form 1065). (e) Partner's share of lines 3,4, and 7. Form 1065, Schedule M-2 (2) Other than on line 12a(1) for property placed in service before 1990 (3) From section 42U)(5) partnerships for property placed in service after 1989 (4) Other than on Une 12a(3) for property placed in service after 1989 b Qualified rehabilitation expenditures related to rental real estate activities c Credits (other than credits shown on lines 12a and 12b) related to rental real estate activit"les d Credits related to other rental activities 13 ther credits For Paperwork Reduction Act Notice. see Instructions for Form 1065. DAA 14 166 (a) Distributive share item Income (Loss) 1 Ordinary income (loss) from trade or business activities 2 Net income (loss) from rental real estate activities 3 Net income (loss) from other rental activities 4 Portfolio income (loss): a Interest b Ordinary dividends c Royalties d Net short-term capital gain (loss). e Net long.term capital gain (loss): (1) 28% rate gain (loss) (2) Total for year f Other portfolio income (loss) (att. schedule) . 5 Guaranteed payments to partner. 6 Net section 1231 gain (loss) (other than due to casualty or theft) 7 Other income loss attach schedule Deduc. lions 8 Charitable contributions (see inslr.) (alt. sch.) 9 Section 179 expense deduction 10 DeductIons related to portfolio inc. (at!. sch.) 11 Other deductions attach schedule 12a Low-income housing credit: (1) From section 420)(5) partnerships for property placed in service before 1990 Credits -398 (b) Amount 1 2 3 -398 4a 4b 4c 4d Sch. S, Part I, line 1 Sch. B. Part II, line 5 Sch. E, Part I, line 4 Sch. D. line 5. col. (f) 4el 4< 2 41 5 6 7 Sch. O. line 12, col. (9) Sen. D, line 12, col. (f) Enter on applic. In. of your nn. } See page 6 of Partr.er's Instructions for Schedule K-l (Form 1065). Enteron a lic. In. of ourrtn. 8 9 10 11 Sch. A, line 15 or 16 } See pages 7 and 8 of Partner's Instructions for Scheduie K-1 (Form 1065) Form 8586, line 5 12b } See page 8 of Partner's Instructions f,OT Schedule K-1 (Form 1065) , ..~, 12c 12d 13 There are no Schedule K~1 (Form 1065) 2000 amounts for page 2. POLCT 04/04/2001 3:56 PM Partner's Share of Income, Credits, Deductions, etc. ~ee separate instructions. ear be inn!n SCHEDULE K-1 (Form 1065) Department of the Treasury lot u 1'11' Partner's identl in number" Partner's name, address, and ZIP code For calendar ear 2000 or tax 145-32-8865 Charles K. Vandenburgh 3130 Fishing Creek Valley Rd. Harrisbur PA 17112 A Tots partner is a general partner limited partner o limited liability company member B What type of entity is this partner? .. Indi vidual C Is this partner a ~ domestic or aD' foreign partner? o Enter partner's percentage of: (i) J3r1!?~i~tmRe (ii) year Eod of Profit sharing % 50.0000000/, Loss sharing % 50.0000000/, Ownership of capital %50 ~oooocicio/, E IRS Center where partnership filed return: Cincinnati OH 45999-0011 J Anal sis of artner's ca {a) Capital account at beginning of year itClI account: (b) Capital contributed during year (e) Partner's share of lines 3,4, and 7, Form 1065, Schedule M-2 -797 a Charitable contributions (see instr.) (atl. sch.). 9 Section 179 expense deduction 10 Deductions related to portfolio inc. (att. sch.) 11 Other deductions attach schedule 12a Low-income housing credit (1) From section 42(j)(5) partnerships for p(operty placed ir. service before 1990 (2) Other than on I\ne 12a( 1) for property placed in service before 1990 (3) From section 42(j){5) partnerships for property placed ir. service after 1989 (4) Other than on line 12a(3) for property placed in service after 1989 b Qualified rehabilitation expenditures related to rental real estate activities c Credits (other than credits shown on lines 12a and 12b) related to rental real estate activitles d Credits related to other rental activities 13 ther credits For Paperwork Reduction Act Notice, see Instructions for Form 1065. OAA 28 433 (a) Distributive share item Income (Loss) 1 Ordinary income (loss) from trade or business activities 2 Net income (loss) from rental real estate activities 3 Net income (loss) from other rental activities 4 Portfolio income (loss): a Interest b Ordinary dividends c Royalties d Net short-term capital gain (loss) e Net long-term capital gain (loss): (1) 28% rate gain (loss) (2) Total for year f Other portfolio income (loss) (aU. schedule) 5 Guaranteed payments to partner. 6 Net section 1231 gain (loss) (other than due to casualty or theft) 7 Other income loss atta h schedule Deduc~ tions Credits OMS No. 1545-0099 2000 and endin Partnershl 's ldenti in number" Partnership's name, address, and ZIP code CHARLES K VANDENBURGH ETAL FTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG FA 17112 F 23-2055372 Partner's share of liabilities (see instructions): Nonrecourse $ . Qualified nonrecourse financing. $ . Other $ G Tax shelter registration number . .. H Check here if this partnership is a publicly traded partnership as defined in section 469(k)(2) 20,842 o Check applicable boxes: o Final K-1 o Amended K41 (1) (2) (d) Withdrawals and distributions (e) Capital account at end of year (combine columns (a) thro h d 27 636 (c) 1040 filers enter the amount in column bon: } See page 6 of Partner's Instructions for Schedule K-l (Form 1065). (b) Amount 1 2 3 -797 4a 4b 4c 4d Sch. 8, Part 1. line 1 Sch, 8, Part Il, Une 5 Sch. E, Part I, line 4 Sch. 0, line 5, co!. (f) Sch. D, line 12, col. (9) Sch. D, line 12, col. (f) Enteron applic.ln. of your nn -} See page 6 of Partner's Instructions for Schedule K-1 (Form 1065). Enteron a lie. In. of ourrtn. 8 9 10 11 Sch. A, line 15 or 16 } See pages 7 and 8 of Partner's Instructions for Schedule K-1 (Form 1065). 2.1 2a 2 Form 8586. line 5 } See page 8 of Partners Instructions for Schedule K - '\ (Form 1065), 12c 12d 13 Schedule K-1 (Form 1065) 2000 POLCTo4/04/Z001 3:56 PM 2000 Charles K. Vandenburgh POLECAT ENTERPRISES Invest- ment Interest Self- employ.. ment Adjust~ ments and Tax Prefer- ence Items Foreign Taxes Other Supple- mental Informa- tion OAA (a) Distributive share item 140 143 Interest expense on investment debts b (i) Investment income included on lines 4a, 4b. 4c, and 4f . 2 Investment ex enses included on line 10 15a Net earnings (loss) from self-employment b Gross farming or fishing income c Gross nonfarm income 16a Depredation adjustment on property placed in service afte( 1986 . b Adjusted gain 01' loss . c Depletion (other than oil and gas) . d (1) Gross income from oil, gas, and geothermal properties (2) Deductions allocable to oil, gas, and geothermal properties e Other ad'ustments and tax reference items 17a Name of foreign country or U.S. possession" b Gross income sourced at partner level c Foreign gross income sourced at partnership level: (1) Passive (2) Listed categories (attach schedule) (3) Generallimitation d Deductions allocated and apportioned at partner level: (1) Interest expense. (2) Other. e Deductions allocated and apportioned at partnership lelfel to fOfeign SGlJrce income: (1) Passive He 1 (2) Listed categories {attach schedule) . He 2 (3) General limitation He 3 f Total foreign taxes (check one):" ... .0. Paid '.0' Accru~d . 17f g Reduction in taxes available for credit and gross income from all sources attach schedule 17 14 1 14b 2 15. 15b 15c 16. 16b 16c 16d 1 16<12 16e 17b 18 Section 59(e)(2) expenditures: . Type~ b Amount '18b 19 Tax-exempt interest income 19 20 Other tax-exempt income 20 21 Nondeductible expenses. 21 22 Distributions of money (cash and marketable securities) 22 23 Distributions of property other than money 23 24 Recapture of low-income housing credit: a From section 42(j)(5} partnerships 243- b Other than on Hne 24a 24b 25 Supplemental information required to be reported separately to each partner (att additional sch 23-2055372 (b) Amount pa e 2 (c) 1040 filers enter the amount in column bon: Form 4952, line 1 }see page 9 of Partner's lns.tructions for Schedule K.1 (Form 1065). -797 Sen. SE, Section A or B }see page 9 of Partner's nstructions for Schedule K.1 Form 1065 . See page ':I of Partner's Instructions for Schedule K-1 (Form 1065) and Instructions for Form 6251 orm 1116, Part I Form 1116, Part II See Instructions fer Form 1116. }see page 9 of Partners nstructions for Schedule K-1 (Form 1065). Form 1040, line 8b }ee pages 9 and 10 of artner's Instructions for Schedule K.1 (Form 1065) }orm 8611. line 8 if mere space is needed) : Schedule K-1 (Form 1065) 2000 POLCT 04/0412001 3:56 PM Partner's Share of Income, Credits, Deductions, etc. li"See separate Instructions. ear b innin SCHEDULE K-1 (Form 1065) Department of the Treasury t 1 i Partner's identi in number.... Partner's name, address, and ZIP code H. James Whitson c/o Whitson Living Trust 2589 San Dominico Avenue Los Osos CA 93402 A This partner is a general partner limited partner o limited liability company member What type of entity is this partner? .. Trust Is this partner a ~ domestic or aD' foreign partner? Enter partner's percentage of: (i) J3r1~/~i~~gAe (ii) year End of Profit sharing % 25.000000'1: Loss sharing % 25.000000'1: Ownership of capilal %2.5.00()()()()'I: E IRS Center where partnership filed return: Cincinnati OH 45999-0011 J Anal sis of artner's ca Ital account: (a) Capital account at {bJ Capital contributed beginning of year during year For calendar ear 2000 or tax 151-30-9262 B C o , and endin Partnershi 's Ident" in number" Partnership's name, address, and ZIP code CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 F Partner's share of liabilities (see instructions): Nonrecourse $ Qualified nonrecourse financing $ Other $. G Tax shelter registration number. .. H Check here if this partnership is a publicly traded partnership as defined in section 469(k)(2) Check applicable boxes: (1) o Final K-1 (d) Withdrawals and distributions 14 168 Ie) Partner's share of lines 3.4, and 7, Form 1065, Schedule M-2 -399 B Charitable contributions (see instr.) (art sch.) 9 Section 179 expense deduction. 10 Deductions related to portfolio inc. (alt. sch.) 11 Other deductions attach chedule 12a Low-income housing credit: (1) From section 42{j)(5} partnerships for property placed in service before 1990 (2) Other than on line 12a( 1) for property placed in service before 1990 (3) From section 42U)(5) partnerships for property placed in service after 1989 (4) Other than on line 12a(3) for property placed in service after 1989 b Qualified rehabilitation expenditures related to rental real estate activities c Credits (other than credits shown on lines 12a and 12b) related to rental feal estate activities d Credits related to other rental activities 13 Other credits For Paperwork Reduction Act Notice, see Instructions for Form 1065. OM (a) Distributive share item Income ILoss} 1 Ordinary income (loss) from trade or business activities 2 Net income (loss) from rental real estate activities 3 Net income (loss) from other rental activities 4 Portfolio income (loss): a Interest b Ordinary dividends c Royalties d Net short-term capital gain (loss) e Net long-term capital gain (loss): (1) 28% rate gain (loss) (2) Total for year f Other portfolio income (loss) (aU. schedule) . 5 Guaranteed payments to partner. 6 Net section 1231 gain (loss) (other than due to casualty or theft). 1 Other income loss attach schedule Oeduc. tions Credits (b) Amount 1 2 3 -399 4a 4b 4c 4d 4el 4e 2 41 5 6 7 B 9 10 11 2a 1 2a 2 203 2a 4 12b 12c 12d 13 OMS No. 1545..Q099 2000 23-2055372 ...10,.421 o (2) o Amended K-1 (e) Capital account at end of year (combine columns (a) lhrou h d 13 769 (cl 1040 filers enter the amount in column bon: } See page 6 of Partner's Instructions for Schedule K-1 (Form 1065). Sch. S, Part I, Hne 1 Sch. 6, Part !I, line 5 Sch. E, Part I, line 4 Sch. 0, line 5, col. (f) Sch. 0, line 12, col. (g) Sch. 0, line 12. co\. (t) Enter on applic. In. of your nn } See page 6 of Partner's Instructions for Scheduie K- 1 (Form 1065). Enter on a lic. In. of our rtn. Sch. A, line 15 or 16 } See pClges 7 and 8 of Panner's Instructions for Schedule K-1 (Form 1065) Form 8586, line 5 } See page 8 of Partner's Instructions f.OT Schedule K-1 (Form 1065) There are no Schedule K-1 (Form 1065) 2000 amounts for page 2. POLCT CHARLES K VANDENBURGH ETAL PTR 23-2055372 Federal Statements FYE: 12/31/2000 4/4/2001 3:56 PM Description Real Estate Taxes Total $ $ Statement 2 - Form 1065. PaQe 1. Line 20 - Other Deductions Description Accounting Expense Insurance Office Expense Bank Service Charges Fines & Penalties Total $ $ 1-2 , rOlCT CHARLES K VANDENBURGH ETAl PTR 23-2055372 Federal Statements FYE: 12/31/2000 4/4/2001 3:56 PM Statement 3 - Form 1065. Schedule L. Line 11- other Current Liabilities Description Beginning End of Year of Year Loan Payable - ve, Inc. $ 35,367 $ 36,615 Total $ 35,367 $ 36,615 3 PQLeT Q3I27/2002 9:31 AM Form 1065 u.s. Return of Partnership Income OMS No_ 1545-0099 Department of the Treasury For calendar year 2001, or tax year beginning. . and ending 2001 Internal Re-venue Service ~ See seoarate instructions. A Principal business activity Name of partnership 0 Employer identification number DEVELOPMENT Use the CHARLES K VANDENBURGH ETAL PTR IRS B Principal product or seNice label. POLECAT ENTERPRISES 23-2055372 Other- Number, street, and room or suite no. If a P,O. box, see page 13 of the instructions. E Date business started REAL ESTATE wise, 3130 FISHING CREEK VALLEY ROAD 7/25/77 print F TOl<:j1 asset::; (see page 14 of C Business code number or type. City or town, slate, and ZIP code the InstructIOns) 531390 HARRISBURG PA 17112 $ 96 856 G Check applicable boxes: (1) 0 Initial return (2) 0 Final return (3) 0 Name change (4) 0 Address change H Check accounting method: (1) 0 Cash (2) ~ Accrual (3) 0 Olhef (specify) .. I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year .... (5) 0 Amended retum 3 Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information. 1a Gross receipts or sales b Less returns and allowances 1. 1b 10 Income 2 Cost of goods sold (Schedule A, line 8) . . . . . . . . . . .. ... .......... _ . . . . _ . . .. . 3 Gross profit. Subtract line 2 from line 1 c 4 5 6 Netgain{loss)fromForm4797,Partll,line18.. . ..... ... . ._.......... 2 3 4 5 6 o 7 Other income (loss) (attach schedule) .. .. . ...... ... _. ................. _. 7 8 Total income loss. Combine lines 3 throu h 7 8 Deductions (see pg. 15 of the instruc- tionsfor limitation's) 9 Salaries and wages (other than to partners) (less employment credits) 10 Guaranteed payments lo partners. 11 Repairs and maintenance . 12 Bad debts 13 Rent 14 Taxes and licenses 15 Interest. 16a Depreciation (if required, attach Form 4562). b Less depreciation reported on $cnedule A and elsewhere on return 17 Depletion (00 not deduct all and gas depletion.) 18 Retirement plans, etc. 19 Employee benefit programs SEE STMT 1 9 10 11 12 13 14 15 2 227 16. 16b 160 17 18 19 20 Other deductions (attach schedule) SEE STMT 2 20 632 21 Total deductions. Add the amounts shown in the far ri ht column for lines 9 throu h 2Q 21 2 859 22 Ordtna income loss from trade or business activities. Subtract line 21 from line 8 22 -2 859 Sign Here Under penalties of pe~ury. I declare that I have examined this relum. including accompanying schedules and statements, and to the best of my knowledge and belief, it is true. correct, and complete. Declaration of preparer (other than general partner or limited liability company member is based on aU information of which preparer has any knowledge. May tM IRS discuss t\1is return with the preparer shown below (see ~ Date Check if self-em 10 ed.... No ~ Si natu Paid Preparer's Use Only Preparer's si nature address, and ZIP code WALBORN S 1714 N. 2ND HARRISBURG Preparer's SSN or PTIN 198-44-7548 EIN ~ 23-2124699 Phone 17102 00 71 7-236-7912 Form 1065 (2001) For Paperwork Reduction Act Notice, see separate instructions. OAA POLeT 0312712002 9:31 AAl FOfm 1065 {2001} Schedule A 23-2055372 1 2 3 4 5 6 7 8 9. Inventory at beginning of year Purchases less cost of items withdrawn for personal use Cost of labor Additional section 263A costs (attach schedule). Other costs {attach schedule} . Total. Add lines 1 through 5 . Inventory at end of year . Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 . . Check all methods used for valuing closing inventory: (i) ~ Cost as described in Regulations section 1.471.3 (ii) Lower of cost or market as described in Regulations section 1.471-4 (ill) Other (specify method used and attach explanation)'" ........ .' . Check this box ifthere was a writedown of "subnormar goods as described in Regulations section 1.471-2(c) Check this box if the UFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) 00 the rules of section 263A (for property produced or acquired for resale) apply to the partnership? Was there any change in determining quantities, cost, or valuations between opening and closing inventory? If "Yes," attach explanation. b c d o 1 2 3 4 5 6 7 8 H PaQe 2 96 856 96 96 856 856 o Yos Yes :~ No No Schedule B Other Information 1 What type of entity is filing this return? Check the applicable box: . ~ Domestic general partnership b ~ Domestic limited partnership c Domestic limited liability company d Domestic limited liability partnership e Foreign partnership f Other.... ..... ........... 2 Are any partners in this partnership also partnerships? J During the partnership's tax year, did the partnership own any interest in another partnership or in any foreign entity that was disregarded as an entity separate from its owner under Regulations sections 301.7101-2 and 301.7701.3? If yes, see instructions for required attachment. 4 Is this partnership subject to the consolidated audit procedures of sectlons 6221 .th~ugh 6233? If "Yes," see Designation of Tax Mattel'S Partner below. . 5 Does this partnership meet all three of the following requirements? a The partnership's total receipts for the tax year were less than $250,000; b The partnership's total assets at the end of the tax year were less than $600,000; and c Schedules K-1 are filed with the return and furnished to the partners OCl or before the due date (induding extensions) for the partnership return. If "Yes,~ the Dartnership is not required to complete Schedules L, M.1, and M.2; Item F on page 1 of Form 1065; or Item J on Schedule K-1 6 Does this partnership have any foreign partners? If "Yes,M the partnership may have to file Forms 8804. 8805 and 8813. See page 20 of the instructions. 7 Is this partnership a publicly traded partnership as defined in section 469(k)(2)? 8 Has this partnership filed, or is it required to file, Form 8264, Application for Registration of a Tax Shelter? 9 At any time during calendar year 2001, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See pa.ge 20 of the instructions for exceptions and filing requirements for Form TD F 90.22.1. If "Yes," enter the name of the foreign country. .. 10 During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to. a foreign trust? If "Yes," the partnership may have to file Form 3520. See page 20 of the instructions 11 Was there a distribution of property or a transfer (e.g., by sale or death) of a partnership interest during the tax year? If "Yes," you may elect to adjust the basis of the partnership's assets under section 754 by attaching the statement described under Electio,ns Made By the Partnership on page 8 of the instructions 12 Enter the number of Forms 8865 attached to this return Designation of Tax Matters Partner (see page 20 of the instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return; Name of desi nated TMP Address of desiQnated TMP DM ~ CHARLES K. VANDENBURGH 3130 FISHING CREEK VALLEY RD. HARRISBURG PA 17112 Identifying number of TMP ~ ~ Yes No x x x x X X X X 145-32-8865 Form 1065 (2001) pQLeT 03127/2002 9:31 AM Form 1065 (2001) Schedule K Income (Loss) Deductions Credits Invest. ment Interest Self. Employ- ment Adjust. ments and Tax Preference Items Foreign Taxes Other DM POLECAT ENTERPRISES 23-2055372 Partners' Shares of Income Credits Deductions etc. a Distributive share items 1 Ordinary income (loss) from trade or business activities (page 1, line 22) 2 Net income (loss) from rental real estate activities (attach Form 8825) 3a Gross income from other rental activities 3a b Expenses from other refltal activities (attach sch.) 3b c Net income (loss) from other rental activities. Subtract line 3b from line 3a 4 Portfolio income (loss): a Interest income b Ordinary dividends c Royalty income d Net short-term capital gain (loss) (attach Schedule D (Form 1065)) e (1) Net long-term capital gain {loss) {attach Schedule D (Form 1065)) (2) 28% rate gain (loss) .. (3) Qualified 5-year gaif1 .. f Other portfolio income (loss) (attach schedule) 5 Guaranteed payments to partners. 6 Net section 1231 gain (loss) (other than due to casualty or theft) (attach Form 4797) . 7 Other income loss attach schedule 8 Charitable contributions (attach schedule) 9 Section 179 e:<pense deduction (attach Form 4562) . 10 Deductions related to portfolio income (itemize) 11 Other deductions attach schedule 12a Low-income housing credit (1) From partnerships to which section 42(j)(5) applies.. . (2) Other than on line 12a( 1) . b Qualified rehabilitation expenditures related to rental real estate act. (alt. Fonn 3468) C Credits (other thar\ cr. shown on lines 12a & 12b) related to rental real estate acti\1ities d Credits related to other rental activities 13 Other Cl'edits 143 Interest expense on investment debts b (1) Investment income included on lines 4a, 4b, 4c, and 4f above 2 Investment ex enses included on Une 10 above 15a Net earnings (loss) from self-employment. b Gross farming or fishing income c Gross nonfarm income 16a Depreciation adjustment on property placed in service after 1986 b Adjusted gain or loss c Depletion (other than oil and gas) . d (1) Gross income from oil, gas, and geothermal properties (2) Deductions allocable to oil, gas, and geothermal properties e Other ad.ustments and tax reference items attach schedule 17a Name of foreign country or U.S. possession" b Gross income from all sources c Gross income sourced at partner level. d Foreign gross income sourced at partnership level: .... (2) Listed categories.... (1) Passive... (attach sch.1 ... e Deductions allocated and apportioned at partner level: (1) Interest expense" (2) Other 9 h 18 level to foreign source inc.: (2) Listed categories.... ~ttach sch I ... Paid U Accrued 0 . attach schedule f Deductions allocated & apprtr'1. at ptrlrshp. (1) Passive" lotal foreign taxes (check one):" Reduction in taxes available for credit Section 59(e)(2) expenditures: a Type~ Tax-exempt interest income. Other tax-exempt income Nondeductible expenses. Distributions of money (cash and marketable securities) Distributions of property other than money Other items & amounts re uired to be re orted se aratel 19 20 21 22 23 24 Paqe3 1 2 b Total amount -2 859 3e 4a 4b 4e 4d 4.1 4f 5 6 7 8 9 10 11 12a 1 12 2 12b 12e 12d 13 140 14b 1 14b 2 15a -1 429 15b 15e 16a 16b 16e 16d 1 16d 2 16. 17b 17e (3) ~~i~~~~ .. 17d 3 ~ (3) ?r:;Ri~~'n ..,. 17 17h b Amount ~ 18b 19 20 21 22 23 Form 1065 (20Q1) POLer Q312712002 9:31 AM Form 1065<2001\ POLECAT ENTERPRISES 23-2055372 PaQe 4 Analysis of Net Income (Loss) 1 Net income (loss). Combine Schedule K. lines 1 through 7 in column (b). From the result, subtract the I 1 I sum of Schedule K, lines 8 throuah 11, 14a, 17n, and 18b -2 859 2 Analysis by (I) Corporate (ii) Individual (iii) Individual (iv) Partnership (v) Exempt (vi) Nominee/Other partner type: 'active I Inassivel oraanization a General partners -1 429 b Limited oactners -1 430 Schedule L Balance Sheets Der Books (Not reauired if Question 5 on Schedule B is answered "Yes.") Beninninn of tax vear End of tax vear Assets lal -'bl Cel Idl 1 Cash 2a Trade notes and accounts receivable b Less allowance for bad debts 3 Inventories 96 856 96 856 4 U.s. government obligations. 5 Tax-exempt securities 6 Other current assets (attach schedule) 7 Mortgage and real estate loans 8 Other investmel'1ts (attach schedule) 9a Buildings and other depreciable assets b Less accumulated depreciation lOa Depletable assets .. . b Less accumulated depletion 11 Land (net of any amortization) .. 12a Intangible assets (amortlzable only) b Less accumulated amortization 13 Other assets (attach schedule) . 96 856 96.856 14 Total assets Liabilities and Capital 15 Accounts payable 5 068 6 756 ....... 16 Mortgages. notes, bonds payable in less than 1 year 17 Other current liabilities SEE STMT 3 36 615 37 786 (attach schedule) 18 AU nonrecourse loans 19 Mortgages, notes, bonds payable in 1 year or more 20 Other liabilities (attach schedule) . 55 173 52 314 21 Partners' capital accounts . 22 Total liabilities and caoital . 96 856 96 856 Schedule M~1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Not r uired if Question 5 on Schedule B is answered "Yes." Net income (loss) per books. -2 859 6 Income recorded on books this year not in- lncqme included on Sch. K. In. 1 through eluded on Schedule K, lines 1 through 7 (itemize): 4,6. and 7. not recorded on books this a Tax-exempt interest $. 1 2 year (itemize): 3 Guaranteed payments (other than health insurance) 4 Expenses recorded on bOoks this 'year 'not . . il'1cluded on Sd1edule K, lines 1 through ". 14a. 17g, and 18b (itemize): a Depreciation $ b Te".","" . entertainment $. 7 Deductions included on Schedule K, lines 1 through 11, 14a, 17g, and 18b, not charged against book income tl1is year (itemize): a Depreciation $ 5 Add lines 1 throu h 4 . Schedule M-2 Anal sis of Partners' Ca 1 Balance at beginning af year 2 Capital contributed during year, 3 Net income (loss) per books 4 Other increases . (itemize)' 8 Add lines 6 and 7 9 Income (loss) (Analysis of Net Income (Loss), -2 859 line 1 . Subtract line 8 from line 5 ital Accounts Not re uired jf Question 5 on Schedule B is answered "Yes." 55 173 6 Distributions: a Cash b Property -2 859 -2 859 7 Olher decreases (itemize): 5 Add lines 1 throu h 4 OAA 8 52 314 9 Add lines 6 and 7 Balance at end of ear- Subtract In. 8 from tn. 5 52 314 Form 1065 (2001) POLeT 0312712002 9:31 AM PARTNER# 1 SCHEDULE K-1 (Form 1065) Department of the Treasury nt m I v i Partner's identi in number~ Partner's name, address, and ZIP code AARON NORD ENBERG REVOCABLE TRUST UNDER AGREEMENT 530 COLONY ROAD CAMP HILL A This partner is a general partner o limited liability company member B What type of entity is this partner? .. TRUST C Is this partner a ~ domestic or aD. foreign partner? (I) BefOfe change (ii} End of Partner's Share of Income, Credits, Deductions, etc. ..-see separate instructions. OMS No. 1545-0099 2001 limited partner and endin Partrtershi 's ldenti In number'" Partnership's name, address, and ZIP code CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 F Partner's share of liabilities (see instructions): Nonrecourse $ Qualified nonrecourse financing. $ Other $ 23-2055372 For calendar ear 2001 or tax ear be innin 019-32-4663 PA 17011 11,136 or termination year G ,.. ax shelter registration number ~ o Enter partner's percentage of: Profit sharing % Loss sharing % Ownership of capital. % E IRS Center where partnership filed retum: CINCINNATI OH 45999-0011 25,000000'1. H 25.000000% 25.000000% Check here if this partnership is a publicly traded partnership as defined in section 469(k)(2) . o Check applicable boxes: (1) 0 Final K-l (2) o Amended K~l J Analvsls of oartner's caoltal account: (a) Cap!tal account at (b) Capital wntributed (e) Partne(s share of lines (d) Withdrawals and (e) Capito1l account at end of beginning of year during year 3,4, and 7, Form 1065, distributions year (~~~~~ fg~~mns (a) Schedule M-2 13 768 -715 13 053 (a) Olstributive share item (b) Amount (c) 1040 filers enter the amount in column (b) on: 1 Ordinary income (105S) from trade or busmess. activities .. 1 -715 }see page 6 of Partoe" 2 Net income (loss) from rental r-eal estate activities .... 2 nstructions for Schedule K-1 3 Net income {loss) from other rental activities 3 (form 1065) 4 Portfolio income (loss): a Interest ... 4. Sch. 8, Part l. line 1 b Ordinary dividends . 4b Sch. 8, Part II, Hne 5 Income c Royalties. 4c Sch. E, Part r. line 4 (Loss) d Net short-term capital gain (loss) . 4d Sch. 0, line 5, coL (f) e (1) Net long-term capital gain (loss). 40(1 Sch. 0, line 12, col. (f) (2) 28% rate gain (loss) 40(2 Sch. D, line 12. col. (9) (3) Qualified 5-year gain 40(3 Line 4 of wkst. for Sch. D. In. 29 f Other portfolio income (loss) (att. schedule) . 41 Enter on appllc. In. of your rtn 5 Guaranteed payments to partner. 5 }see page 6 of Partoe" nslruclions for Schedule K~ 1 6 Net section 1231 gain (l()ss) (other than due to casualty or theft). 6 (Form 1065). - 7 Other income floss\ (attach schedule' 7 Enter on 3""lic. In. of "our rtn Deduc~ 8 Charitable contributions (see instr.) (att. sch.) 8 Sch. A, line 15 or 16 9 Section 179 expense deduction. 9 } See pag" 7 aod 8 of tions Partner's lnstructi~ns for 10 Deductions related to portfolio inc. (att. sch.) 10 Other deductions (attach schedule\ Schedule K.1 (Form 1065). 11 11 12. Low-income housing credit (1) From section 420)(5) partnerships. 12al1 J~ Form 8586, lio. 5 (2) Other than on line 12a(1) . 12a(2 b Qualified rehabilitation expenditures related to rental real estate Credits activities 12b c Credits (other than credits shown on tines 12a and 12b) related } _~.w_, to rental real estate activities 12c Instructions for Schedule K-1 (Form 1065), d Credits related to other rental activities 12d 13 Other credits 13 For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-l (Form 1065) 2001 THERE ARE NO AMOUNTS FOR PAGE 2, OM PQLCT Q3I27/2002 '9~31 AM PARTNER# 2 SCHEDULE K-1 (Form 1065) Department of the Treasury ( . Partner's identi in number'" Partner's name, address, and ZIP code Partner's Share of Income, Credits, Deductions, etc. )li>see separate instructions. For calendar ear 2001 or tax ear be innin 145-32-8865 CHARLES K. VANDENBURGH 3130 FISHING CREEK VALLEY RD. HARRISBURG PA 17112 A This partner is a general partner limited partner o limited liability company member B What type of entily is this partner? ~ IND IVIDUAL C Is this partner a ~ domestic or aD' foreign partner? (i) Before change 1ii) End of or termination year D Enter partner's percentage of: Profit sharing % Loss sharing % Ownership of capital. . % E IRS Center where partnership filed return: CINCINNATI OH 45999-0011 f 50.000000';. H 50.0000000/, 50.000000';. OMS No. 1545-0099 2001 and endin Partnershi 's identi in number'" Partnership's name, address, and ZIP code CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 F Partner's share of liabilities (see instructions): Nonrecourse $ Qualified nonrecourse financing $ Other $ 23-2055372 22,271 G Tax sheller registration number ~ Check here if this partnership is a publicly traded partnership as defined in section 469(k)(2) . o Check applicable boxes: (1) D Final K.1 (2) o Amended K-1 J Analysis 0 ~ partner's capita account: (a) Capital account at (b I Capital contributed (c) Partne(s share of lines {d} Withdrawals and (el Capital accol:Jnt at end of beginning of year during year 3,4, and 7, Form 1065. distributions year {COmbin~ ~~~mns (a) Schedule M-2 throunh d 27 636 -1 429 26 207 {al Distributive share item (b) Amount (c) 1040 fiters enter the amount in column lb} on: 1 Ordinary income (loss) from trade or business activities 1 1 429 }fee page 6 of Pan"" 2 Net income (loss) from rental real estate activities 2 nstruclions for Schedule K-1 3 Net income (lOSS) from other rental activities 3 (Form 1065). 4 Portfolio income (loss): a Interest 4a Sch. 8, Part I. line 1 b Ordinary dividends 4b Sch. 8, Part 11, line 5 Income c Royalties. 4c Sch. E. Part I. line 4 (Loss) d Net short-term capital gain (loss) . 4d Sch. D. line 5. co\. (f) e (1) Net long.term capital gain (lass) 4efl Sch. D, line 12. coL (f) (2) 28% rate gain (loss) .. 4e12' Sch. D. line 12. col. (91 (3) Qualified 5-year gain 4el3 Line 4 of wksl. for Sch. D, In. 29 f Other portfolio income (loss) (art. schedule) 4f Enter on apptic. In_ of your rtn. 5 quaranteed payments to partner. 5 } See page 6 of Pa"o"" . Instructions for Schedule K-1 6 Net section 1231 ga.in (loss) (other than due to casualty or theft) 6 (Form 1065). 7 Other income (loss) (attach schedule' 7 Enler on alm\\c. 1n. of "our rtn 8 Charitable contributions (see instr.) (art. sch.) 8 Sch. A, line 15 or 16 Deduc- tions 9 Section 179 expense deduction. 9 } See pag" 7 eod 8 of 10 Deductions related to portfolio inc. (an, sch.) 10 Partnets lnslructions for Other deductions 'attach Schedule' II Schedule K-1 (Form 1065). 11 12. Low-income housing credit: (1) From section 42(j)(5) partnerships. 12al1 J~ Form 8586. line 5 (2) Other than on line 12a( 1 ) . 12al2 b Qualified rehabilitation expenditures related to rental real estate Credits activities 12b c Credits (other than credits shown on lines 12a and 12b) related } -~...-~ to rental real estate activities 12c Instructions lor Schedule K-1 d Credits related to other rental activities (Form 1065) 12d 13 Other credits jJ For Paperwork Reduction Act Notice, see Instructions for Form 1065. OAA Schedule K.1 (Forrn1065) 2001 Invest- ment Interest Self. employ- ment Adjust~ ments and Tax Prefer. ence Items Foreign Taxes Other sUPPle-I mental Informa. tlon DAA 2001 CHARLES K. VANDENBURGH POLECAT ENTERPRISES (a) Distributive share item 14a Interest expense on investment debts b (1) Investment income included on lines 4a, 4b, 4c, and 4f 2 Investment ex enses included on line 10 153 Net earnings (loss) from self-employment. b Gross farming or fishing income c Gross nonfarm income 16a Depreciation adjustment on property placed in service after 1966 b Adjusted gain or loss . c Depletion (other than oil and gas) . d (1) Gross income from oil, gas, and geothermal properties (2) Deductions allocable to oil, gas, and geothermal properties e Other ad.ustments and tax reference items 17a Name of foreign country or U.S. possession'" b Gross income from all sources c Gross income sourced at partner level d Foreign gross income sourced at partnership level: (1) Passive (2) listed categories (attach schedule). . (3) General limitation e Deductions allocated and apportioned at partner level: (1) Interest expense.. (2) Other. f Deductions allocated and apportioned at partnership level to foreign source income: (1) Passive (2) listed categories (attach schedule) (3) General limitation 9 Total foreign taxes (check one):'" O. Paid . O. . A~cr~~d : 17 h Reduction in taxes available for credit 17h 18 Section 59(e)(2) expenditures: a Type" 140 14b 1 14b2 15_ 1Sb 1Sc 16_ 16b 16c 16<11 16d 2 16e 17b 17c 23-2055372 pa e 2 (c) 1040 fliers enter the amount in column bon: Form 4952, Hne 1 ]see page 9 of Partner's nstructions for Schedule K.1 (Form 1065). -1 429 Soh. SE. Section A or 8 }see page 9 of Partner's nstructions for Schedule K-1 form 1065 (b) Amount See page 9 of Partner's Instructions for Schedule K-1 (Form 1065) and Instructions for Form 6251. orm 1116, Partl Form 1116, Part II Form 1116, line 12 }see page 9 of Partner's nstruclions for Schedule K-1 (Form 1065). Form 1040, Une 8b ~ee pages 9 and 10 of artner's Instructions far Schedule K-1 (Form 1065). b ~ount 18b 19 Tax-exempt interest income. 19 20 Other tax-exempt income 20 21 Nondeductible expenses. 21 22 Distributions of money (cash and marketable securities) . 22 23 Distributions of property other than money 23 24 Recapture of low-income housing credit: ;I From section 420)(5) partnerships 24a b Other than on line 24a 24b 25 Supplemental information required to be reported separately to each partner (att. additional sch. if more space is needed): rorm 8611, line 6 Schedule K-1 (Form 1065) 2001 POleT Q3/27/2002 9".3i AM PARTNER# 3 SCHEDULE K-1 (Form 1065) Department of the Treasury n r I v n rvi Partner's identi in number" Partner's name, address, and ZIP code H. JAMES WHITSON C/O WHITSON LIVING TRUST 2589 SAN DOMINI CO AVENUE LOS OSOS CA 93402 A This partner is a general partner limited partner o limited liability company member B What type of entity is this partner? .. TRUST C Is this partner a ~ domestic or a 0 foreign partner? (i) B~(or~ change (Ii) End of Partner's Share of Income, Credits, Deductions, etc. ...-see separate Instructions. OMS No. 1545-0Q99 For calendar ear 2001 or tax ear be innin and endin 2001 151-30-9262 Partnershi 's identi in number~ Partnership's name, address, and ZlP code CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 F Partner's share of liabilities (see Instructions): Nonrecourse Qualified nonrecourse financing. Other 23-2055372 $ $ $ 11,135 or termination year G Tax shelter registration number ~ D Enter partner's percentage of: Profit sharing . % Loss Sharing % ONnership of capital. % E IRS Center where partnership filed return: CINCINNATI OH 45999-0011 25,OOOO()O'(. H 25..000000% 25,000000'(. Check here jf this partnership is a publicly traded partnership as defined in section 469(k)(2) o Check applicable boxes: (11 0 Final K~l (2) o Amended K-1 J Analvsis of Dartner's caDltal account: tal Capital account at (b) Capital contributed (c) Partner's share of lines (d) Withdrawals and (e) Capital account at end of beginning of year during y~ar 3,4, and 7, Fonn 1065, distributions year (com~;: ~:~mns (a) Schedule M-2 throu h d 13 769 -715 13 054 {a} Distributive share item (b) Amount (c) 104Q fi~rs enter the amount in column lb\ on: 1 Ordinary income (loss) fram trade or business acti....ities 1 -715 }see page 6 of Parteer, 2 Net income (loss) from rental real estate activities 2 nstructions for Sch~dule K-1 3 Net income {loss) fram other rental activities 3 (FOrm 1065) 4 Portfolio income (1055): a Interest 4. Sch. 8, Part I, Hne 1 b Ordinary dividends. , 4b Sch. 8, Part II, line 5 Income c Royalties 4c Sch. E, Part I,line 4 (Loss) d Net short-term capital gain {loss}. 4d Sch. D, line 5, col. (f) e (1) Net long-term capital gain (loss). 4;f1 Sch. D, line 12. col. (f) {2} 28% rate gain (loss) 4e'2 Sch. D, line 12, col. (g) (3) Qualified 5-year gain 4013 Lin~ 4 of wkst. for Sch. D, In. 29 f Other portfolio income (loss) (att. schedule) 4f Enter on applic. In. of your rtn. 5 Guaranteed payments to partner. 5 } See page 6 of Parteer, Instructions for SChedule K-1 6 Net section 1231 gain (loss) (other than due to casualty or theft). 6 (Form 1065). 7 Other income (Ioss\ {attad1schedulel 7 Enter 011 a""I\c. In. 01 "our rtl1 8 Charitable contributions (see instr _) (att.. sch.) . 8 Sch. A, line 15 or 16 Deduc- 9 Section 179 expense deduction 9 } See page' 7 acd 8 of tions Partner's lnslruclions tor 10 Deductions related to portfolio inc. (att. sch.) 10 Other de<luctions (attach schedulel 11 Schedule K-1 (Form 1065). 11 12. Low-income housing credit: J~ Form 8586. line 5 (1) From section 42(j)(5) partnerships 12al1 (2) Other than on line 12a(1) 1201/2 b Qualified rehabilitation expenditures related to rental reat estate Credits activities 12b c Credits (other than credits shown on lines 12a and 12b) related y-...-. to rental real estate activities 12c Instructions for Schedule K.1 (Form VJ65) d Credits related to other rental activities ... 12d 13 Other credits 13 For Paperwork Reduction Act Notice. see Instructions for Form 1065. Schedule K-l (Form 1065) 2001 THERE ARE NO AMOUNTS FOR PAGE 2. OM POlCT CHARLES K VANDENBURGH ETAl PTR 23-2055372 Federal Statements FYE: 12/31/2001 3/27/2002 9:30 AM Description REAL ESTATE TAXES TOTAL Statement 1 - Form 1065. Paqe 1. Line 14. Taxes Amount 2,227 2,227 $ $ Statement 2. Form 1065. Paqe 1. Line 20. Other Deductions Description ACCOUNTING EXPENSE INSURANCE OFFICE EXPENSE TOTAL $ Amount 375 250 7 632 $ 1-2 POlCT CHARLES K VANDENBURGH ETAl PTR 23-2055372 Federal Statements FYE: 12/31/2001 3127/2002 9:30 AM Statement 3 - Form 1065. Schedule L. Line 17 - Other Current Liabilities Description Beginning End of Year of Year LOAN PAYABLE - VC, INC. $ 36,615 $ 37,786 TOTAL $ 36,615 $ 37,786 3 POLCT CHARLES K VANDENBURGH ETAL PTR 23-2055372 Federal Statements FYE: 12/31/2001 3/27/2002 9:30 AM Form 1065. Schedule L. Line 3 -Inventories Description Bepinning End o Year of Year $ 41, 195 $ 41,195 12,730 12,730 42,931 42,931 $ 96,856 $ 96,856 LAND DEVELOPMENT COSTS WORK IN PROCESS TOTAL Form 1065. Schedule L. Line 15. Accounts Pavable Description Beginning End of Year of Year ACCOUNTS PAYABLE $ 1,469 $ 2,856 ACCRUED ACCOUNTING 3,600 3,900 TOTAL $ 5,069 $ 6,756 POLCT 03/28/2003 6:11 PM Form 1065 u.s. Return of Partnership Income OMS No. 1545-0099 Department of ~q;1reasllry For cahmdar year 2002, or tax year beginning .. ........ . and ending. ..... . . . . . . . . ... 2002 Internal Revenue ervice .. See seoarate instructions. A Principal business activity Name of partnership 0 Employer identification number Use the CHARLES K VANDENBURGH ETAL PTR IRS DEVELOPMENT label. POLECAT ENTERPRISES 23-2055372 B Principal product or service Other- Number, street, and room or suite no. Ita P.O. box, see page 14 of the instructions. E Date busIness started REAL ESTATE wise. 3130 FISHING CREEK VALLEY ROAD 7/25177 print F ;\,0\0' asse\> ~s:r page " of C Business code !'\Umber or type. City Qr town, state, and ZIP code e Instructlo s 531390 HARRISBURG PA 17112 $ 96 856 G Check applicable boxes: (1) 0 Initial return (2) 0 Final return (3) 0 Name change ~ 0 Address change H Check accounting method: (1) 0 Cash (2) jig Accrual (3) U Other (specify) ~ I Num ber of Schedules K-1. Attach one for each person who was a partner at any time during the tax year .. (5) 0 Amended return 3 CautIon: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information. 1a Gross receipts or sales ........... bLess retums and allowances la lb 10 Income 2 Cost of goods sold (Schedule A, line 8) ....................................... 3 Gross profit. Subtract line 2 from line 1c ........................ 4 Ordinary inc. (loss) from other partnerships, estates, & trusts (att. sch.) 5 Net farm profit (Ioss)(attach Schedule F (Form 1040)} ....... ....... .. 6 Net gain (loss) from Form 4797, Part II, line 18 ..... ....... .. 2 3 4 5 6 o 7 Other income (loss) (attach schedule) .. 7 Deduction (see pg. 150 thefnstruc~ tionstor limitations) 8 Total income loss. Combine lines 3 throu h 7 9 Salaries and wages (other than to partners) (less emPloYmentD~' . 10 Guaranteed payments to partners '.. ....... ..0" . ........ 11 Repairs and maintenance .. ....... . ..... ..... ..' . . ... :~ ::~tb~ ..... ... ... .:'::::.'. .:.: . .::. ............ 14 Taxes and licenses.......................... .............. SlElEl. .S'tm:~" i" 15 Interest ...................,............ ............ 16a Depreciation (if required, attach Form 4562) ....................... 16a b Less depreciation reported on Schedule A and elsewhere on return 16b 17 Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . 18 Retirement plans, etc. ....................... ......... 19 Employee benefit programs 8 9 10 11 12 13 14 15 2 417 160 17 18 19 20 Other deductions (attach schedule) .' .... Sl<aEl. San.t.."1. 20 557 21 Total deductions. Add the amounts shown in the far ri ht column for lines 9 throu h 20 21 2 974 22 Ordina income loss from trade or business activities. Subtract line 21 from line 8 22 -2 974 Sign Here Under penalties of perjury, I declare that I have examined this return, includIng accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct. and complete. Declaration of preparer (other than general partner or limited liability company member is bas on all information of which preparer has any knowledge. May the IRS discuss this return with the preparer shown below (see Instructions? Yes Nt;) ~ 51 natu," 0 eneral artner or limited tlabil' com member ~ Firm's name (or yours Walborn Nau ~se~...mp\oye<l), 1714 N. 2nd address, and liP code Barr i sbur For Paperwork Reduction Act Notice. see separate instructions. OM le Shambach Street PA Preparer's SSN or PTIN 198-44-7583 EIN ~ 23-2124699 Paid Preparer's Use Only Preparer's si nature 17102 Ptlono _ 717-236-7912 Form 1065 (2002) POL.CT 03128/20036:11 PM Fonn 1065 (2002) POLECAT ENTERPRISES 23-2055372 paoe 2 ;~ $cl1~ilUIiA Cost of Goods Sold (see oaae 19 of the instructions) 1 Inventory at beginning of year . .. .. .. .. .. .. .. .. .. .. .. 1 96 856 .. .. 2 Purchases less cost of items "Withdrawn for personal use ,. .. .. .. 2 .. .. .. .. 3 Cost of labor .. .. .. .. .. .. .. .. .. .. .. .. ..... .". .. .. .. 3 .. .. .. .. 4 Additional section 263A costs (attach schedule) .. .. .. .. .. .. .. .. 4 5 Other costs (attach schedule) .. .. .. .. .., ..., .. .. .. .. .. .. 5 6 Total, Add lines 1 through 5 .. .. .. .. .. .. 6 96 856 .. .. .. 7 Inventory at end of year .. .. .. .. .. .. .. .. .. .. 7 96 856 .. .. .. 8 Cost of goods sold. Subtract line 7frorn line 6, Enter here and on page 1, line 2 .. .. 8 0 .. .. .. 9a Check all methods used for valuing closing inventory: (i) ~ Cost as described in Regulations section 1.471-3 (ii) Lower of cost or market as described in Regulations section 1,471-4 (iii) Other (specify method used and attach expianation)~ ,.,."."",.."""""."". b Check this box ifthere was a writedown of "subnonnal" goods as described in Regulations section 1.471-2(c) .. c Check this box if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) ... d Do the rules of section 263A (for property produced or acquired for resale) apply to the partnership? .............. e Was there any change in determining quantities, cost, or valuations between opening and closing inventory? .. If "Ves," attach explanation. B'ves :8 ~o Ve. ~ No IS'lf'liiS: Other Information What type of entity is filing this return? Check the a~licable box: a ~ Domestic general partnership b Domestic limited partnership c Domestic limited liability company d Domestic limited liability partnership e Foreign partnership f Other" .....".................... 2 Are any partners in this partnership also partnerships? ........ . . . . . . . . . . . 3 During the partnership's tax year, did the partnership own any interest in another partnership or in any foreign entity that was disregarded as an entity separate from its owner under Regulations sections 301.7701-2 and 301.7701-37 If yes, see instructions for required attachment............,... ...... ............ 4 Is this partnership subject to the consolidated audit procedures of sections 6221 through 6233? If "Ves," see Designation of Tax Matters Partner below,........... ............................ 5 Does this partnership meet all three of the following requirements? a The partnership's total receipts for the tax year were less than $250,000; b The partnership's total assets at the end of the tax year were less than $600,000; and c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions) for the partnership return. If "Ves," the partnership is not required to complete Schedules L, M.1, and M-2; Item F on page 1 of Form 1065; or Item J on Schedule K-1 ........................,.... .......................................... 6 Does this partnership have any foreign partners? If "Yes," the partnership may have to file Forms 8804, 8805 and 8813. See page 20 of the instructions ............ . . . . . . . . . . . . . . .. . . . . . .. . . . .. . . Is this partnership a publiciy traded partnership as defined in section 469(k){2}? "',,"',',"',,'" Has this partnership filed, or is it required to file, Form 8264, Application for Registration of a Tax Shelter? At any time during calendar year 2002, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See page 20 of \:he instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes," enter the name of the foreign country..... ................................................ 10 During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If "Ves," the partnership may have to file Form 3520. See page 20 of the instructions 11 Was there a distribution of property or a transfer (e.g., by sale or death) of a partnership interest during the tax year? If "V es," you may elect to adjust the basis of the partnership's assets under section 754 by attaching the statement described under Elections Made By the Partnership on page 8 of the instructions. . . . . . . . . . . . . . . . . . 12 Enter the number of Forms 8865. Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return Designation of Tax Matters Partner (see page 21 of the instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: x x 7 8 9 x X X X X ~ Name of desi nated TMP Address of desionated TMP OM ~ Char1es K. Vandenbur h 3130 Fishinq Creek Va11ev Rd. Harrisburq PA 17112 Identifying ... number of TMP ~ 145-32-8865 Form 1065 (2002) POl.CT 0312812003 6:11 PM Form 1065 (2002) WS'C!iidUIiK POLECAT ENTERPRISES Partners' Shares of Income Credits 23-2055372 Deductions etc. Income (Loss) Deduction Credits Invest. ment Interest Self- Employ- ment AdJusl- ments and Tax Preference Items Foreign Taxes Other OM a Distributive share items 1 Ordinary income (loss) from trade or business activities (page 1, line 22) ................ 2 Net income (loss) from fental real estate activities (attach Form 8825) ..... 3a Gross income from other rental activities b Expenses from other rental activities (attach sch.) .... c Net income (loss) from other rental activities. Subtract line 3b from line 3a. 4 Portfolio lncome (loss); a Interest income ........... ............ b Ordinary dividends. .....,......,'.. .......'..... c Royalty income. .. .. .. .. .. .. . d Net short-term capital gain (loss) (attach Schedule D (Form 1065)) ............ e (1) Net long-term capital gain (loss) (attach Schedule D (Form 1065)) (2) 28% rate gain (loss) ... (3) Qualified 5-year ~~i~' . . ~ . f Other portfolio income (loss) (attach schedule) .. . . .. . . . . . . . . . . . . . . .. .. . . . .. . 5 Guaranteed payments to partners . . . . . . . . . . . . . . . . . . 6 Net section 1231 gain (loss) (other than due to casualty or theft) (attach Form 4797) .. 7 Other income loss attach schedule . . . . . . . . . 8 Charitable contributions (attach schedule) ..................... 9 Section 179 expense deduction (attach Form 4562) ..... 10 Deductions related to portfolio income (itemize) ..... 11 Other deductions attach schedule 12a Low-income housing credit: (1) From partnerships to which section 420)(5) applies ............... ................... (2) Other than on line 12a(1) ... .. .. .. .. .. .. .. .. b Qualified rehabilitation expenditures related to rental real estate act. (alt. Form 3468) . . . . . . . . . . . . c Credits (other than cr. shown on lines 12a & 12b) related to rental rear estate activities d Credits related to other rental activities 13 Other credits . 14a Interest expense on investment debts . . . . . . . . . . . . . , . > . . . . . . . . . b (1) Investment income included on lines 4a. 4b, 4c, and 4f above 2 Investment ex enses included on line 10 above 15a Net earnings (loss) from salf-employment... b Gwss farming or fishing income .... c Gross nonfarm income 16a Depreciation adjustment on property placed in service after 1986 .............................. b Adjusted gain or loss ........... .......... ............."..>>.. C Depletion (other than oil and gas) . . .. . . . . . .. . . . . . . . . . . . d (1) Gross income from oil, gas, and geothermal properties.... ......,...... (2) Deductions allocable to oil, gas, and geothermal properties e Other ad'ustments and tax reference items attach schedule 11a Name of foreign country or U.S. possession'" .............-................- b Gross income from all sources................................ c Gross income sourced at partner level ..................... d Foreign gross income sourced at partnersh~ level: (1) Passive'" ...,.................... () Mw:ghC:~~Cre,. e Deductions allocated and apportioned at partner level: (1) Interest expense~ ......"...."...."..".. (2) Other f Deductions allocated & apprtn. at ptnrshp. level to foreign source inc.: ..... (2) Listed categorie~ (1) Passive..... ..... ..... ~ch scheduler: . 9 Total foreign taxes (check one):'" Paid U Accrued 0 h Reduction in taxes available for credit attach schedule 18 Section 59(eX2) expenditures: a Type~ ...... 19 Tax-exempt interest income 20 Other tax-exempt income ... 21 Nondeductible expenses . . . . . . . . . . . . 22 Distributions of money (cash and marketable securities) 23 Distributions of property other than money ......,.... ........................ 24 Other items & amounts r uired to be re orted se aratel to artners att. sch. 3. 3b PaQe 3 b Total amount -2 974 4f 5 6 7 8 9 10 11 -1 487 (3) General Ilmitation~ ~ (3) General 1713 limitation ... . . . . . . . . . 17 17h b Amount ~ Fo,", 1065 (2002) PQLCT 03/28/2003 6:11 PM Fonn 1065 (2002) POLECAT ENTERPRISES 23-2055372 Pace 4 Analvsis of Net Income (Loss) 1 Net income (loss). Combine Schedule K, lines 1 through 7 in column (b). From the result, subtract the I 1 I sum of Schedule K lines 8 throuch 11, 14a 170. and 18b -2 974 2 Analysis by (i) Corporate (ii) Individual (iii) Individual (Iv) Partnership (v) Exempt partner type: (active) (Dassive) oroanization (vi) Nominee/Other a General partners -1 487 b Limited partners -743 -744 Note: Schedules L M-1 and M-2 are not re ISCliiiiJulilil? Balance Sheets er Books Assets U1red If Question 5 of Schedule B IS answered "Yes." End of tax 1 2 Net income (loss) per books...... Income included on Sch. K, In. 1 through 4, 6, and 7, not recorded on books this year (Itemize): ..... ........... 96 856 7 8 1 Cash ......... 2a Trade notes and accounts receivable b Less allowance for bad debts 3 Inventories 4 U.S. government obligations. . . . . . . . . . . . 5 Tax-exempt securities 6 Other current assets (attach schedule) . . . . . . . . . Mortgage and real estate loans ... Other Investments (attach schedule) ........ . BUildings and other depreciable assets .... Less accumulated depreciation ........ Depletable assets ........ Less accumulated depletion Land (net of any amortization) .. Intangible assets (amortizable only) Less accumulated amortization Other assets (attach schedl,lle~.......... Total assets . . . . . . . .. liabilities and Capital Accounts payable. . . . . . . . . . . . . . . . Mortgages, notes, bonds payable in less than 1 year Other current liabilities See Stmt 3 (attach schedule) . . . . . . . . . . . . . . . . . . . . . . All nonrecourse loans Mortgages, notes, bonds payable in 1 year or more Other liabilities (attach schedule~. . . . . . . . . . . . Partners' capital accounts .... Total liabilities and ca ital if .......MktI 37 39 048 9a b 10a b 11 12a b 13 14 15 16 17 18 19 20 21 22 52 96 49 340 96 856 -2 974 6 Income recorded on books this year not in- cluded on Schedule K, lines 1 through 7 (itemize): a Tax-exempt interest $ 3 Guaranteed payments (other than health insurance) 4 Expenses recorded on 'bOOk's' this year j,Oi . . . included on Schedule K, lines 1 through 11, 14a, 17g, and 18b (itemize): a Depreciation $ b T v land ............ e,r,ye~lnment $ .............. 7 Deductions included on Schedule K, lines 1 through 11, 14a, 17g,and 1ab, not charged against book income this year (itemize): a Depreciation $ 8 9 Add lines 6 and 7 .......... .......... Income (loss) (Analysis of Net Income (Loss), line 1 . Subtract line 8 from line 5 . . . . . -2 974 5 Add lines 1 throu h 4 .......Sli...arIiM.~...... A f P rt 'C -2 974 .t I A ts .0 I U. !!!'. nalVSIS 0 a ners aPfa ccoun 1 Balance at beginning of year. . . . . . 52 314 6 Distributions: a Cash ... ... ...... .... .... ...... 2 Capital contributed: a Cash ...... b Property . .. ..... ... ... ..... b Property 7 Other decreases .. .. (itemize): ........ ........... .... ...... 3 Net income (loss) per books ..... ..... -2 974 . . . . . . . . . . . . . . . .. .... ... . . . . . . . . . . . . . . . . . . . 4 Other Increases (itemize): ........ ... ..... ....... .............. ..... ... ..... ........ ...... ..... ........ ......... ...... 8 Add lines 6 and 7 ... ... .... ....... ........ ..... ...... 5 Add lines 1 through 4 49 340 9 Balance at end of year. Subtract In. 8 from In. 5 49 340 DM Form 1065 (2002) POLCT 3/2812003 6:11 PM SCHEDULE K-1 (Form 1065) Partner's Share of Income, Credits, Deductions, etc. See separate instructions 2002 OMS No. 1545-0099 Partner #: 1 For calendar \fAar 2002 or tax year beginnina . and endina Ruth Nordenberg 530 Colony Road Camp Hill PA 17011 Partnership's identifying number: 23 - 2055372 Partnership's name, address, and ZIP code: CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 Partner's Identifying number: 019 - 3 2 - 4 663 Partner's name, address, and ZIP code: B C This partner is a 0 general partner ~ limited partner o limited liability company member What type of entity is this partner? Indi vidual Is this partner a ~ domestic or a 0 foreign partner? (i) Before ct1ange (ii) End of or termInation year F Partner's share of liabilities (see instructions): Nonrecourse ................................................ Qualified nonrecourse financing ................. Other......................"........,........................... $........... . $.......... .. $ 11,879 A G Tax shelter registration number.".............".............. o Enter partner's percentage of: Profit shaling .................. . . . . . . . . . . % Loss sharing ,.................. . . . . . . . . . . % Ownership of capital....... . . . . . . . . . . % E IRS Center where partnership filed return: Cincinnati, OR 45999-0011 J Analysis of partner's capital account: 25.000000% H 25.000000% 25.000000% Check here if this partnership is a publicly traded partnership a5 defined in section 469(k)(2)..................................... 0 Check applicable boxes: (1) o Final K-1 (2) 0 Amended K-l (a) Capital account at (b) Capital contributed (c) Partner's share of lines (d) Withdrawls and (e) Capital account at end of beginning of year during year 3,4, and 7. Form 1065, distributions )'ear (combine columns (a) Schedule M-2 through (d)) 13,053 -743 12,310 ee) 1040 filers enter the (a) Distributive share item (b) Amount amount in column (b) on: Income (Loss): 1 Ordinary income (loss) from trade or business activities ....................,............. 1 -743 See pg. 6 of Partner's Instr. forSch. K-1 POLCT 3/2B12003 6;11 PM SCHEDULE K-1 (Form 1065) Partner's Share of Income, Credits, Deductions, etc. See separate instructions 2002 OMS No. 1545-0099 Partner #: 2 For calendar vear 2002 or tax vear beainnina J and endina Partner's identifying number: 145-32-8865 Partner's name, address. and ZIP code: Partnership's identifying number: 23-2055372 Charles K. Vandenburgh 3130 Fishing Creek Valley Rd. Harrisburg PA 17112 A This partner is a ~ general partner 0 limited partner o limited liability company member B What type of entity is this partner? Individual C Is this partner a ~ domestic or a 0 foreign partner? (i) Before change (ii) End of or termination year Partnership's name, address. and ZIP code: CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 F Parmer's share of liabilities (see instructions): Nonrecourse .........."...........................,........ Qualified nonrecourse financing ................. Other............................................................ $........... . $........ .... $ 23,758 G Tax shelter registration number................................ o Enter partner's percentage of: Profit sharing .................. . . . . . . . . . . % Loss sharing ................... . . . . . . . . . . % Ownership of capital....... . . . . . . . . . . % E IRS Center where partnership filed return: Cincinnati, OH 45999-0011 J Analysis of partner's capital account: 50.000000% H 50.000000% 50.000000% Check here if this partnership is a publicly traded partnership as defined in section 469{k)(2)..................................... 0 Check applicable boxes: (1) o Final K-1 (2) 0 Amended K-1 (a) Capital account at (b) Capital contributed (Cd Partner's share of lines (d) Withdrawls and (e) Capital account at end of beginning of year during year .4, and 7. Form 1065, distributions year (combine columns (a) Schedule M-2 through(d)) 26,207 -1,487 24,720 (c) 1040 filers enter the (a) Distributive share item (b) Amount amount in column (b) on: Income (Loss): 1 Ordinary income (lass) from trade or business activities ................................" 1 -1,487 See pg. 6 of Partner's tnstr. forSch. K-1 Self-employment: 15a Net earnings (loss) from self-employment ......................................................... 15a -1,487 Sch. se, Section A or B POLCT 3/28/2003 6:11 PM SCHEDULE K-1 (Form 1065) Partner's Share of Income, Credits, Deductions, etc. See separate instructions 2002 OMB No. 1545-0099 Partner #: 3 Partner's identifying number: For calendar vear 2002 or tax Year bdainnlna , and endlna 151-30-9262 Partnership's identifying number: 23 - 2055372 Partnership's name, address, and ZIP code: CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 Partner's name, address, and ZIP code: H. James Whitson c/o Whitson Living Trust 2589 San Dominica Avenue Los OS05 CA 93402 This partner is a 0 general partner ~ limited partner o limited Iiabllity company member What type of entity is this partner? Trust Is this partner a ~ domestic or a 0 foreign partner? (i) Before change (ii) End of or termination year F Partner's share of liabilities (see instructions): Nonrecourse ................................................ Qualified nonrecourse financing ................. Other............................................................ $........... . $............ $ 11,879 A B C G Tax shelter registration number................................ o Enter partner's percentage of: Profit sharing .................. . . . . . . . . . . % Loss sharing ................... . . . . . . . . . . % Ownership of capital....... . . . . . . . . . . % E IRS Center where partnership filed return: Cincinnati, OH 45999-0011 J Analysis of partner's capital account: 25.000000% H 25.000000% 25.000000% Check here If this partnership is a publicly traded partnership as defined in section 469(k)(2)..................................... 0 Check applicable boxes; (1) o Finai K.1 (2) 0 Amended K-1 (ab Capital account at (b) Capital contributed (Cd Partner's share of lines (d) Withdrawls and (e) Capital account at end of eglnning of year during year ,4, and 7, Form 1065, distributions year (combine columns (a) Schedule M-2 through (d)) 13,054 -744 12,310 (e) 1040 filers enter the (a) Distributive share item (b) Amount amount in column (b) on: Income (Loss): 1 Ordinary income (1055) from b"ade or business activities .................................. 1 -744 See pg. 6 of Partner's Inslr. for Sch. K.1 , POLCT CHARLES K VANDENBURGH ETAL PTR 23-2055372 Federal Statements FYE: 12/31/2002 3/28/2003 6:11 PM Description Real Estate Taxes Total Statement 1 - Form 1065. Paae 1. Line 14 - Taxes Amount 2,417 2,417 $ $ Statement 2. Form 1065. Paae 1. Line 20 - Other Deductions Description Accounting Expense Insurance Office Expense Total $ Amount 300 250 7 557 $ 1-2 POLCT CHARLES K VANDENBURGH ETAL PTR 23-2055372 Federal Statements FYE: 12/31/2002 3/28/2003 6:11 PM Statement 3 - Form 1065. Schedule L. Line 17 - Other Current Liabilities Description Beginning of Year $ 37,786 $ 37,786 $ $ End of Year 39,048 39,048 Loan Payable - VC, Inc. Total 3 POLCT CHARLES K VANDENBURGH ETAL PTR 23-2055372 Federal Statements FYE: 12/31/2002 3/28/2003 6:11 PM Form 1065. Schedule L. Line 3 -Inventories Description Beginning of Year $ 41,195 12,730 42,931 $ 96,856 $ End of Year 41,195 12,730 42,931 96,856 Land Development Costs Work in process Total $ Form 1065. Schedule L. Line 15 - Accounts Pavable Description Beginning End of Year of Year Accounts Payable $ 2,856 $ 4,268 Accrued Accounting 3,900 4,200 Total $ 6,756 $ 8,468 POLCT 03/24/2004 6:26 PM Form 1065 U.S. Return of Partnership Income OMS No. 1545-0099 Department of the Treasury For calendar yeaI' 2QQ3, or tax: year beginning ."...."...... . and ending .. ....... ...... 2003 Internal Revenue Service .... See senarate instructions. A Principal business acti\l\ty Name of partnership 0 Employer identification number Use the CHARLES K VANDENBURGH ETAL PTR IRS DEVELOPMENT label. POLECAT ENTERPRISES 23-2055372 B Principal product or service Other- Number, street, and room or suite no. If a P.O. box, see page 14 of the instructions. E oat~ ~si~i ~tarted REAL ESTATE wise. 3130 FISHING CREEK VALLEY ROAD 7 25 77 print F Total assets (see page 14 of C Business code number or type. City or town, state, and ZIP code the instructions) 531390 HARRISBURG PA 17112 $ 96,856 (5) 0 Amended return G Check applicable boxes: (1) 0 Initial return (2) 0 Final return (3) 0 Name change ~ 0 Address change H Check accounting method: (1) 0 Cash (2) ~ Accrual (3) U Other (specify) ~ I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year .... :3 Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information. Firm's name (or yours if self-employed), address, and ZIP code For Paperwork Reduction Act Notice, see separate instructions. OM Income Deduction (see page 15 of the instructions for limitations Sign Here Paid Preparer's Use Only 1 a Gross receipts or sales ..... bLess retums and allowances la lb lc 2 3 4 5 6 Cost of goods sold (Schedule A, line 8) . . . . . . . . . . . . . . . . . Gross profit. Subtract line 2 from line 1c. ,..' ......,... ......... Ordinary income (loss) from other partnerships, estates, and trusts (attach sch.) ..........,.... Net farm profit (Ioss)(attach Schooule F (Form 1040)) .... ............ ............ Net gain (loss) from Form 4797, Part II, line 18 .. 2 3 4 5 6 o 7 Other Income (loss) (attach schooule) .......... 7 8 Total income loss. Combine lines 3 throu h 7 8 9 10 11 12 13 14 15 2 285 9 10 11 12 13 14 15 16. b 17 18 19 Salaries and wages (other than to partners) (less e Guaranteed payments to partners. . . Repairs and maintenance Baddebts ................ Rent ......... Taxes and licenses Interest ......... ......... Depreciation (if required, attach Form 4562) . . . . . .. . . . . . . Less depreciation reported on Schedule A and elsewhere on return. . Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . . , . . Retirement plans, etc. ........."....,................. ......... Employee benefit programs 16c 17 18 19 ........................ ~E!e. .~t:Dlt. .1.. 16a 16b 20 Other doouctions (attach schedule) .......... See StInt 2 .................. 557 20 21 Total deductions. Add the amounts shown in the far ri ht column for lines 9 throu h 20 . . 2 842 21 22 Ordina income loss from trade or business activities. Subtract line 21 from line 8 22 -2 842 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules. and statements. and to the best of rrroj k.nowIedge and belief, it is true. correct, and complete. Declaration of preparer (other than general partner or limited liability company member) is based on aU information of which preparer has any knowledge. May the IRS discuss this retum with the preparer shown below (see instructions? Yes No ~ Si nature of ~ eneral artner or limited liabir com n member ~ Preparer's SSN or PTIN 198-44-7583 ErN ~ Preparer's 51 nature Walborn Nau 1714 N. 2nd Harrisbur 1e Shambach Street PA no. 717-236-7912 Fonn 1065 (2003) Phone 17102 POt..CT (J3!2412004 6:26 PM Fonn 1065 (2003) POLECAT ENTERPRISES 23-2055372 Pace 2 iSdlielliiiliA Cost of Goods Sold (see nane 18 of the instructions \ 1 Inventory at beginning of year .. .. " .' .. .. .. .. 1 96 856 .' " .' .. .. .. .' .. .. .. .. 2 Purchases less cost of items withdrawn for personal use .. 2 .' .. .. .' .. .. .. .. .' 3 Cost of labor .. " .. .. .. .. .. .. .. .. .' .. 3 .. .. .. 4 Additional section 263A costs (attach schedule) .. .' .. .. .. 4 .. .. .. .. .. .. 5 Other costs (attach schedule) .. .' .. .' .. .. .... .. .. .. 5 .. ... ..' 6 Total. Add lines 1 through 5 .' .. .. .. .. .. .. .. 6 96 856 " .. .. .. .. .. .. .. .. .. 7 Inventory at end of year .. ,....".." .. .. 7 96 856 " .' .. .. .. .. .. .. 8 Cost of goods sold. Subtract line 7 from lineS. Enter here and on page 1, line 2 .. .. 8 0 .. " .. .. 9a Check all methods used for valuing closing inventory: (I) ~ Cost as described in Regulations section 1.471-3 (Ii) X Lower of cost or market as described in Regulations section 1.471-4 (III) Other (specify method used and attach explanation) ~ ............ . . . . . . . . . . . . . . . . . . . . . . . . . b Check this box if there was a writedown of "subnormal" goods as described in Regulations section 1.471-2(c) .,.,. c Check this box if the LIFO Inventory method was adopted this tax year for any goods (if checked. attach Fonn 970) ........... d Do the rules of section 263A (for property produced or acquired for resale) apply to the partnership? ..,..,.... e Was there any change in determining quantities, cost. or valuations between opening and closing inventory? .' If "Yes," attach explanation. 'is&liillluIiS! Other Information 1 What type of entity is filing this return? Check the ~"cabre box: a ~ Domestic general partnership b Domestic limited partnership c Domestic limited liability company d Domestic limited liability partnership e Foreign partnership f Other IJIt. .,..........,............................ 2 Are any partners in this partnership also partnerships? ....................................... ,............ 3 During the partnership's tax year, did the partnership own any interest in another partnership or in any foreign entity that was disregarded as an entity separate from its owner under Regulations sections 301.7701-2 and 301.7701-3? If yes, see instructions for required attachment...... .................................... .......................... 4 Is this partnership subject to the consolidated audit procedures of sections 6221 through 6233? If "Yes," see Designation of Tax Matters Partner below. . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Does this partnership meet all three of the following requirements? a The partnership's total receipts for the tax year were less than $250,000; b The partnership's total assets at the end of the tax year were less than $600,000; and c Schedules K-1 are filed with the retum and furnished to the partners on or before the due date (including extensions) for the partnership return. If "Yes," the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1 of Form 1065; or Item J on Schedule K-1 ................,................................................,.............. ...................... 6 Does this partnership have any foreign partners? If "Yes," the partnership may have to file Forms 8804, 8805 and 8813. See page 20 of the instructions'"...................................................... Is this partnership a publicly traded partnership as defined in section 469(k)(2)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . Has this partnership filed, or is it required to file, Form 8264, Application for Registration of a Tax Shelter? ................... At any time during calendar year 2003, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See page 20 of the instructions for exceptions and filing requirements for Form TO F 90-22.1. If "Yes," enter the name of the foreign country. . ....................................,............................................ 10 During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign tNst? If "Yes," the partnership may have to file Form 3520. See page 20 of the instructions................................. 11 Was there a distribution of property or a transfer (e.g., by sale or death) of a partnership interest during the tax year? If "Ves," you may elect to adjust the basis of the partnership's assets under section 754 by attaching the statement described under Elections Made By the Partnership on page 9 of the instructions ................... 12 Enter the number of Forms 8865. Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return Designation of Tax Matters Partner (see page 20 of the instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: ~ ~ 'B~:: .~ :: x x x 7 8 9 x X X X X X ~ Name of desi nated TMP Address of desionated TMP DM ~ Charles K. Vandenbur h 3130 Fishing Creek Valley Rd. Harrisburq PA 17112 Identifying II. number of TMP ,. 145-32-8865 Fonn 1065 (2003) POLCT 0312412004 6:26 PM Form 1065(2003) POLECAT ENTERPRISES 23-2055372 :S6l!idbIeK Partners' Shares of Income, Credits. Deductions. etc. a Distributive share items 1 Ordinary income (loss) from trade or business activities (page 1. line 22) 2 Net income (loss) from rental real estate activities (attach Form 8825) 3a Gross income from other rental activities . . . . . . . . . . . b Expenses from ottler rental activities (attach schedule) . . . . . . . . . . . . . . . . . . . , . . . . c Net income (loss) from other rental activities. Subtract line 3b from line 3a 4 Portfolio income (loss) (attach Schedule D (Form 1065) for lines 4d and 4e):.... a Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Dividends: (1) Qualified dividends ~ .... (2) Total ordinary dividends ~ c Royaltyincome... ......... ........... d Net short-term capital gain (loss): (1) post-May 5, 2003 ~ e Net tong-term capital gain (1055): (1) post~May 5.2003 .. f Other portfOliO income (loss) (attach scheduie) 5 Guaranteed payments to partners. . . . . . . . . . . . . . . . . . . 6a Net section 1231 gain (loss) (post-May 5, 2003) (attach Form 4797) b Net section 1231 gain (loss) (entire year) (attach Form 4797) .... 7 Other income 1055 attach schedule ........... 8 Charttable contributions (attach schedule) .................. 9 Section 179 expense deduction (attach Form 4562) Deduction 10 Deductions related to portfolio income (itemize) 11 Other deductions attach schedule 12a Low-income housing credit: (1) From partnerships to which section 42(j)(5) applies.. (2) Other than on line 12a(1). ............... b Qualified rehabilitation expenditures related to rental real estate activities (attach Fonn 3468) c Credits (other than credits shown on lines 12a and 12b) related to rental real estate activitles d Credits related to other rental activities 13 Other credits . 14a Interest expense on investment debts . . . . . . . . . Investment Interest b (1) Investment income included on lines 4a, 4b(2). 4c, and 4f above. . . . 2 Investment ex enses included on line 10 above. 1Sa Net earnings (loss) from self-employment. b Gross farming or fishing income .......... c Gross nonfarm income 16a Depreciation adjustment on property placed in service after 1986 ..' b Adjusted gain or loss ............................................. ..... . Depletion (other than oil and gas) ..................................... d (1) Gross Income from oil. gas, and geothermal properties...... ............. (2) Deductions allocable to oil, gas, and geothermal properties e Other ad'ustments and tax reference items attach schedule 17a Name of foreign country or U.S. possession" ..... b Gross income from all sources . . . . . . . . . . . . . . . . . . c Gross income sourced at partner level .. d Foreign gross income sourced at partnershi.fl,eVel: (1) Passive .. ,....................... () f~W:ghc:~~nfe)" e Deductions allocated and apportioned at partner level: (1) Interest expense ~ .......................... (2) Other................. f Deductions allocated & C1Pprtn. at ptnrshp. level to foreign source income: .. (2) Listed categories .. 9 ~~~~;:;:ign ta~~~ (~~~k'~~~);"""" P~id [r~~=~e) D..::::::::.... h Reduction in taxes available for credit attach schedule 18 Section 5g(eX2) expenditures: _Type ~ ...................... 19 Tax~exempt interest income 20 Other tax-exempt income 21 Nondeductible expenses ...... 22 Distributions of money (cash and marketable securities) 23 Distributions of property other than money . . . . . . . . . 24 Other items and amounts r uired to be re orted se aratel to artners attach schedule (ncome (Loss) Credits Solf- Employ- ment Adjust- ments and Tax Preference Items Foreign Taxes Other OM 3_ 3b (2) Entire year .. (2) Ent". year ~ (3) General limitation .. (3) General limitation'" b Amount ~ PaQe 3 Total amount -2 842 12a 1 12 2 12b 12. 12d 13 14a 14b 1 14b 2 15a 15b 15. 160 16b 16. 16d 1 16d 2 160 -1 421 ~ 18b 19 20 21 22 23 Fo"" 1 065 (2003) POlCT 03/24/2004 6'2fU'.M.ECAT ENTERPRI SES Form 1065 (2003) l:'U.Lo 23-2055372 Page 4 Analvsis of Net Income (Loss) 1 Net income (loss). Combine Schedule K, lines 1 through 7 in column (b). From the result, subtract the I 1 I sum of Schedule K, lines 8throuoh 11 14a, 170. and 18b -2 842 2 Analysis by (ii) Individual (iii) Individual (v) Exempt partner type: (II Corporate (active) ~assive) (Iv) Partnership oraanization (vi) Nominee/Other a General partners -1 421 b Limited partners -710 -711 Note: Schedules L M-1 and M-2 are not re JSbhilddlliiti Balance Sheets er Books Assets Ulred If Quesllon 5 of Schedule B is answered "Yes." End of tax lOa b 11 12a b 13 1 Cash .................. ........... 2a Trade notes and accounts receivable b Less allowance for bad debts 3 Inventories ......... 4 U.S. govemment obligations. . . . . 5 Tax-exempt securities. . 6 Other current assets (attach schedule) . . . . . . . . . . . . . . Mortgage and real estate loans ......... Other investments (attach schedule) .. . . . . . . . . . . . . . . . 9a Buildings and other depreciable assets b Less accumulated depreciation Depletable assets Less accumulated depletion Land (net of any amortization) .... Intangible assets (amortizable only) Less accumulated amortization Other assets (attach schedLlle~. . . . . . . . Total assets ......... Liabilities and Capital Accounts payable. . . . . . . . . . . . . . . . . . . . . . Mortgages, notes, bonds payable in less than 1 year Other current Jiabilities See Stmt 3 (attach schedule) . . . . . . . . . . . . . . . . . . . . . . All nonrecourse loans 7 8 96 856 14 15 16 17 18 19 20 41 700 Mortgages, notes, bonds payable in 1 year or more Other liabilities (attach schedul~. . . . . 21 Partners' capital accounts 22 Total liabilities and ca ital i$cliililiiiIiJ"~i Reconciliation of Income 1 Net income (loss) per books. . 2 Income included on Sch. K, In. 1 through 4, 6b, and 7, not recorded on books this year(itemize): ....................... 49 340 96 856 Loss er Books With Income Loss er Return - 2 842 6 Income recorded on books this year not included on Schedule K, lines 1 through 7 (itemize): a Tax-exempt interest $ 46 498 96 856 3 Guaranteed payments (other than health insurance) 4 Expenses record8ci on .bOoks' itiis year not. included on Schedule K, lines 1 through 11, 14a, 17g, and 18b (Itemize): a Depreciation $ b Tv ra.nd ....... eMt'em"lnment $ ....... 7 Deductions included on Schedule K, lines 1 through 11, 14a, 17g, and 18b, not charged against book income this year (itemize): a Depreciation $ 8 9 Add tines 6 and 7 Income (loss) (Analysis of Net Income (Loss), line 1 . Subtract line 8 from line 5 . . . -2 842 5 Add lines 1 throu h 4 .. 1i"dIi!iM~2:i Anal is of Partners' Ca Balance at beginning of year. Capital contributed: a Cash... b Properly Net income (loss) per books Other increases ......... (Itemize): ......... -2 842 ital Accounts 49 340 6 1 2 7 Distributions: a Cash b Properly Other decreases (itemize): 3 4 -2 842 5 Add lines 1 throu h 4 OAA 8 46 498 9 Add lines 6 and 7 ......... Balance at end of ear. Subtract line 8 from line 5 46 498 Fann 1065 (2003) POLCT 312412004 6::26 PM 6521 SCHEDULE K.1 Partner's Share of Income, Credits, Deductions, etc. OMB No. 154&-0099 (Form 1065) See separate instructions Dept. of the Treasury 2003 Intemal Revenue Service For calendar year 2003 or tax year beainnina Partner #: 1 . and ending Partner's identifying number: 019-32-4663 FOR OFFICIAL USE ONLY Partner's name, address, and ZIP code: Ruth Nordenberg I11ImBm1111 530 Colony Road Camp Hill PA 17011 Partnership's identifying number: 23-2055372 Partnership's name, address, and ZIP code: CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 A This partner is a o general partner ii limited partner F Partner's share of liabilities (see instructions): o limited liability company member Nonrecourse ............................................ $............ B What type of entity is this partner? Individual Qualified nonrecourse financing ............. $............ C Is this partner a ii domestic or a D foreign partner? Other........................................................ $ 12,590 (i) Before change (iO End of or termination year G Tax shelter registration number................................ . . . . . . . . . . . 0 Enter partner's percentage of: Profit sharing ................ ..........% 25.000000% H Check here if this partnership is a publicly traded Loss sharing ................. ..........0/0 25.000000% partnership as defined in section 469(kX2)..................................... 0 OWnership of capital.... ..........% 25.000000% E IRS Center where partnership filed return: I Check applicable boxes: (1) o Final K-1 (2) o Amended K-l Cincinnati, OH 45999-0011 J Analysis of partner's capital account: {ab Capitc.ll 8CCO\..lnt at (b) Capital contributed (cJ Partner's share of lines (d) Withdrawals and (e) Capital account at end of eginning of year during year .4. and 7. Form 1065. distributions year (combine columns (a) Schedule M~2 """ugh(d)) 12,310 -710 11,600 (a) Distributive share item (c) 1040 filer. enter the (b) Amount amount in column (b) on: Income (Loss): 1 Ordinary income (loss) from trade or business activities ................................. 1 -710 See pg. 6 of Partner's Instr. for Sch. K-1 For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K.1 (Form 1065) 2003 OM POLCT 3124/2004 6'26 PM 6521 SCHEDULE K-1 Partner's Share of Income, Credits, Deductions, etc. OMS No. 1545-0099 (Form 1065) See separate instructions Dept. of the Treasury 2003 Internal Revenue Service Partner #: 2 Fot calendar vear 2003 or tax vear beoinnlnn . .nd endlnn Partner's identifying number: 145-32-8865 FOR OFFICIAL USE ONLY Partner's name. address, and ZIP code: 1IIIIIIIII11i Charles K. Vandenburgh 3130 Fishing Creek Va~ley Rd. Harrisburg PA 17112 Partnership's identifying number: 23-2055372 Partnership's name. address. and liP code: CHARLES K VANDENBURGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBURG PA 17112 A This partner is a IiiI general p.rtner 0 limited partner F Partner's share of liabilities (see instructions): o limited liability company member Nonrecourse .,............................,............. $........... . B What type of entity is this partner? Individual Qualified nonrecourse financing ....,'....... $........... . C Is this partner a ii domestic or a 0 foreign partner? Other...........",......".....".............,.........,... $ 25,179 (i) Before change (ii) End of or termination year G Tax shelter registration number................................ ........... D Enter partner's percentage of: Profit sharing ................ ..........% 50.000000% H Check here if this partnership is a publidy traded Loss sharing ................. ..........0/0 50.000000% partnership as defined in sectlon 469(k)(2)..................................... 0 OWnership of capital.... ..........% 50.000000% E IRS Center where partnership filed return: I Check applicable boxes: (1) o Final K-1 (2) o Amended K- 1 Cincinnati, OH 45999-0011 J Analysis of partner's capital account: (a~pjtal account at (b) Capital contributed (cJ Partner's share of lines (d) Withdrawals and (e) Capital account at end of inning of year during year ,4. and 7, Fonn 1065, distributions year (combine columns (a) Schedule M~2 through(d)) 24,720 -1,421 23,299 (bj Amounl (cj 1040 filers enler Ihe (a) Distributive share item amount in column (b) on: Income (Loss): 1 Ordinary income (loss) from trade or business activities ........................,........ 1 -1,421 See pg. 6 of Partner's Insu. forSch, K-1 Self-employment: 15. Net earnings (loss) from self-employment .................,,'................,.................. 15a -1,421 Sch. SE, Section A or B For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2003 DM POLCT 312412004 6'26 PM 6521 SCHEDULE K-1 Partner's Share of Income, Credits, Deductions, etc. OMS No. 1545-0099 (Form 1065) See separate Instructions Depl.oftheTreasury 2003 Internal Revenua Service Partner #: 3 For calendar year 2003 or tax year begin nino . and endina Partner's identifying number: 151-30-9262 FOR OFFICIAL USE ONLY Partner's name, address, and ZIP code: 1IIIIMlli H. James Whi.tson c/o Whitson Living Trust 2589 San Domini.co Avenue Los OS09 CA 93402 Partnership's identifying number: 23-2055372 Partnership's name, address, and ZIP code: CHARLES K VANDENBtJRGH ETAL PTR POLECAT ENTERPRISES 3130 FISHING CREEK VALLEY ROAD HARRISBtJRG PA 17112 A This partner is a o general partner ~ limited partner F Partner's share of liabilities (see instructions): o limited liability company member Nonrecourse ............................................ $ . . . . . . . . . .. . B What type of entity is this partner? Trust Qualified nonrecourse financing ............. $........... . C [s this partner a ii domestic or a 0 foreign partner? Other........................................................ $ 12,589 (i) Before change (II) End of or termination ~, G Tax shelter registration number................................ ........... 0 Enter partner's percentage of: Profit sharing ................ ..........% 25.000000% H Check here if this partnership is a publicly traded Loss sharing ................. ..........% 25.000000% partnership as defined in section 469(k)(2)..................................... 0 OWnership of capital.... ......... .% 25.000000% E IRS Center where partnership filed return: I Check applicable boxes: (1) o Final K-1 (2) o Amended K-1 Cincinnati, OH 45999-0011 J Analysis of partner's capital account: (a) Capital account at (b) Capital contributed (cJ Partners share of lines (d) Withdrawals and (e) Capital account at end of beginning of year during year ,4, and 7. Form 1065, distributions year (combine columns (a) Schedule M-2 thn>ugh(d)) 12,310 -711 11,599 (c) 1040 filers enter the (a) Distributive share item (b) Amount amount in column (b) on: Income (Loss): -711 1 Ordinary income (loss) from trade or business activities ................................. 1 See pg. 6 of Partner's Instr. forSch. K-1 For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2003 OAA POlCT CHARLES K VANDENBURGH ETAl PTR 23-2055372 Federal Statements FYE: 12/31/2003 3/24/2004 6:26 PM Description Real Estate Taxes Total Statement 1 . Form 1065. Paae 1. Line 14 - Taxes Amount 2,285 2,285 $ $ Statement 2. Form 1065. Paae 1. line 20 - Other Deductions Description Accounting Expense Insurance Office Expense Total $ Amount 300 250 7 557 $ 1-2 POlCT CHARLES K VANDENBURGH ETAl PTR 23-2055372 Federal Statements FYE: 12/31/2003 3/24/2004 6:26 PM Statement 3 . Form 1065. Schedule L. Line 17 . Other Current Liabilities Description Beginning of Year $ 39,048 $ 39,048 $ $ End of Year 41,700 41,700 Loan Payable - VC, Inc. Total 3 Total Form 1065. Schedule L. Line 15 - Accounts Pavable Description Beginning End of Year of Year Accounts Payable $ 4,268 $ 4,159 Accrued Accounting 4,200 4,500 Total $ 8,468 $ 8,659 ESTATE OF AARON NORDENBERG Pennsylvania Inheritance Tax Return Calculation of Assets Passing to Trust A and Trust B TRUST A (Unified Credit Trust) Maximum Unified Credit and State Credit Less: Life Insurance payable to Trust A not subject to P A Inheritance Tax Taxable assets passing to Trust A TRUST B (GST Exempt Marital Trust) Gross Pennsylvania Estate Less: Funeral and Administration Expenses Less: Preresiduary bequests/transfers to spouse Less: Transfers to children and decedent's interest in joint account Less: Assets passing to Trust A per above calculation Balance of assets passing to Trust B per Article III(B) of Agreement $1,537,096.77 250,000.00 $1.287.096.77 $3,820,587.00 39.192.40 $3,781,394.60 2.459,228.09 $1,322,166.51 24.044.83 $1,298,121.68 1.287.096.77 $ 11.024.91 BUREAU OF INDIvInUfrii.1/;Il OFFICE OF ItlERJTAHCE TAX DIYISJ(~Ccr::~'n:p '; ~ PO IO~ 28D6D1 ' \1_0"-,; LJ 1 L-L HARRISIURS PA 17128-0601 2005 MAY 16 PH 2: 44 ClERK OF ORPHAN'S COURT STANlE~iii\r#H.e<<L PA RHOADS a SINON PO BOX 1146 HBG PA 17108 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF DETERMINATION AND ASSESSMENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN DATE ESTATE OF DATE OF DEATH FILE NUJlBER COUNTY ACN *' REV-4Jl3 EX AFP (03-05) 05-09-2005 NORDENBERG 05-07-2004 21 04-0499 CUMBERLAND 201 AARON I; MAKE CHECK PAYABLE AND REMIT PAtMENT _t _lttMl TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insuN proper orlMlit to your account.. __it the ...,per portion of this fOMl with your tax ~t. CUT ALONG THIS LINE .. RETAIN LOWER PORTION FOR YOUR FILES ..... "lV:(U''U.jQ!,.m:W,.....l'Iii"Aml!r1!~.1l'ttm1!m!tlN'.IMl'.lm!MIUr...............,............. OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN .. ESTATE OF NORDEN BERG AARON FILE NO.21 04-0499 ACN 201 ESTATE TAX DETERMINATION DATE 15-09-2005 , .16,693.55 1. Credit For State Death Taxas as Varified 2. Penns.ylvania Inheritance Tex Assessed (Excluding Discount and/or Interest) 59.001. 37 .00 3. Inheritance Tax Assassed by Other States or Territories of tha United States (Excluding Discount and/or Interest) 4. Total Inheritance Tax As.a..ed 5. Pennsylvania Estate Tax Due TAX CREDITS: 59,001. 37 .00 PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) I , , ; I I . I TOTAL TAX CREDIT .00 BALANCE OF TAX DUE , .00 INTEREST AND PEN. .00 TOTAL DUE .00 -IF 'Am AFTER THIS DATE, SEE REVERSE SIDE IIF TOTAL DUE IS LESS TIWI tl, 11II 'AYHENT IS RElIUIRED FOR CALCULATION OF ADDITIONAL INTEREST. . IF TOTAL IIIIE IS REFLECTED AS A "'CREDIT"' IC.), YIIII HAY BE IIIIE A REFUIII. SEE REVERSE SIDE OF THIS FDRH FOR IIISTRlltTIDNS.J ~c... ~ BUREAU OF INDIVIDUlil. 'TliXE~' INHERITANCE TAX DIVISIQM--c' PO BOX 280601' HARRISBURG PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEHENT, ALLOWANCE DR DISALLOWANCE OF DEDUCTIDNS AND ASSESSHENT DF TAX 2aos MAY 15 PM 2: 44 DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 05-09-2005 NORDENBERG 05-07-2004 21 04-0499 CUMBERLAND 101 AIIount R_itted CLF'?V (y: _ _.r" \ VI ORPHAN'S COU T ST ANLEvCl1/v'$Hftll.'.iSfj(; RHOADS & SINON PO BOX 1146 HBG PA 7108 *' REV-lS47 EX AFP {03-QSl AARON MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE RETAIN LOWER PORTION FOR YOUR RECORDS .-. UV-"M4,."tf.""".m~'r~n.'IM .!R!'.!WI!AW4M!'t.m.l1l\fAlT!l~MMf~.Y1:[W4M!'t.r.W'.............. ... DIS LLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF NORDENBERG AARON FILE NO. 21 04-0499 ACN 101 DATE 05-09-2005 I~ an assessment as issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will re~lect ~igures t at include the total o~ ALL returns assessed to date. ASSESSMENT OF TAX: 15. AIIount of Line 14 at S sal rate US] 16. Anount of Line 14 tax~ e at Lineal/Class A rat. (16) 17. ADount of Line 14 .t Sling r.te 1171 18. AMount of Line 14 taxa . at Collateral/Class Brat. (18) 19. Principal Tax Due C I TAX RETURN NAS: I X I ACCEPTED AS FILED I I CHANGED RESERVATION CONCERNING FUT RE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN SED ON: DRIGINAL RETURN 1. R..l Est.te ISchedule Al 2. Stocks and Bonds ($ 3. Closely Held Stock/Part 4. HortgageslNotes Recelv S. CashIBank D~osits/Hisc. 6. Jointly Owned Property 7~ Transfers (Schedule G) 8. Total Assets III 121 131 (4) ISI 161 (71 .00 .00 .00 .00 6.600.46 89.66 3.813.896.88 181 . BI rship Interest [Schedule Cl . (Schedule DJ Personal Property (Schedule El aclula F) APPROVED DEDUCTIONS AND E EMPTIONS: 9. Funeral Expenses/AdD. sts/Hisc. Expenses (Schedule H) 10. Debts,"ortgage Llabl11t es/Liens (Schedule Il 11. Total Deductions 12. Net Value of Tax Ret rn 13. Cheritabl./Sovernnen al Bequests; Non-elected 9113 Trusts 14. Net Value of Est.t. ubject to Tax 39,192.40 191 1101 .00 1111 1121 1131 1141 (Schedule .J) NOTE: 2,459,228.09 X 1,311,141.60 X .00 X .00 X 00 = 045 = 12 = 15 = DATE 02-03-2005 AHDUNT PAID 59,001. 37 _BER CD004913 INTEREST/PEN PAID I-I .00 ~ TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE NOTE: To insure proper cr~lt to your 8CCount, suint! t the upp.r portion of this for. with your t8)( pay...,t. 3,820,587.00 ~Q.1Q? 60 3,781,394.60 11 , 024 . 91 3,770,369.69 1191= .00 59,001. 37 .00 .00 59,001. 37 59,001. 37 .00 .00 .00 . IF PAID AFTER DATE INDICATE , SEE REVERSE FOR CALCULATION OF ADDITI INTEREST. I IF TOTAL DUE IS LESS THAN $1, NO PAYHENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICRI, YDU HAY BE DUE A REFUND. SEE REVER$E SIDE OF THIS FDRH FOR INSTRUCTIONS.I STANLEY A SMITH ESQ RHOADS & SINON PO BOX 1146 HBG PA 17108 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF DETERMINATION AND ASSESSMENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN *' BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BOX 280601 HARRISBURG PA 171Z8~06Dl IEY-7UEllAFP 1O'-DSl 08-01-2005 NORDENBERG 05-07-2004 21 04-0499 CUMBERLAND 202 APPEAL DATE: 09-30-2005 (See reverse side under Objections) Amount Remitted I I MAKE CHECK PAYABLE AND REMIT PAYMENT AARON TO: REGISTER OF WILLS CUMBERLAND CD COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper cradlt to your account, submit the upper portion of this form with your tax pay..nt. CUT ALONG THIS LINE -+ RETAIN LOWER PORTION FOR YOUR FILES +- RifV':;36'-EX-AFFQ-.n:.-02r----..-NOiii:riiF--DE;'ERMiiiATiiiiniilnlfsEslftiENY---------------------------- OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER .. ESTATE OF NORDEN BERG AARON FILE NO.21 04-0499 ACN 202 DATE 08-01-2005 ESTATE TAX DETERMrNATrON 1. Credit For State Death Taxes as Verified 16,693.55 2. Pennsylvania Inheritance Tax Assessed (Excluding Discount and/or Interest) 59,001. 37 3. Inheritance Tax Assessed by Other States or Territories of the United States (Excluding Discount and/or Interest) .00 4. Total Inheritance Tax Assessed 5. Pennsylvania Estate Tax Due 59.001. 37 .00 6. Amount of Pennsylvania Estate Tax Previously Assessed Based on Federal Estate Tax Return .00 7. Additional Pennsylvania Estate Tax Due .00 TAX CREDITS: ,") . ee> :) ~ r..~ c.n D> ~ ~-'. ~-~ -:',', ,- \.~ PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID Q (T) ,,/-:-:-.Q DATE NUMBER INTEREST/PEN PAID (-) ---'-. ~'Tl I ',I=::) ~ ~J c.n -,--::--:-) '>.: "CJ ., :'::=;" C') -;" ......... - ---" "" - - c:> " .- l'l~ .. " (J1 .C) U> ,--! TOTAL TAX CREDIT .00 BALANCE OF TAX DUE .00 INTEREST AND PEM. .00 TOTAL DUE .00 -IF PAID AFTER THIS DATE, SEE REVERSE SIDE (IF TOTAL DUE IS LESS THAN $1, NO PAYHENT IS REQUIRED FOR CALCULATION DF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FOR" FOR INSTRUCTIONS.) "- Q-.'S e e IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLV ORPHANS ' COURT DIVISION NO. 00499 OF 2004 FIRST AND FINAL ACCOUNTING OF Ruth Nordenberg and Advest Bank and Trust Company, Successor Trustees of THE AARON NORDENBERG REVOCABLE TRUST Date of Death: May 7, 2004 Date of Appointment: May 7, 2004 Accounting for the Period: May 7, 2004 to June 30, 2005 Purpose of Account: Ruth Nordenberg and Advest Bank and Trust Company, Successor Trustees 0 the Aaron Nordenberg Revocable Trust, offer this account to acquaint interested parties with the transactions t at have occurred during their administration. The account also indicates the proposed distribution of the Trust assets. It is important that the account be carefully examined. Requests for additional information, or quest ons, or objections, can be discussed with: Stanley A. Smith, Esquire Rhoads & Sinon LLP One South Market Square, 1ih Floor P.O. Box 1146 Harrisburg, P A 17108-1146 (717) 233-5731 ~A " (-') --rl " )-~'~.~ II e e Aaron Nordenberg Summary of Account Principal Page Receipts 2 $ 1i.586,624.08 Net Gain on Sales or Other Dispositions 12 12 558.65 $ 1,599,182.73 Less Disbursements: 17 Administrative Expenses $ 7,813.73 Federal & State Taxes 59,913.37 Fees & Commissions 26,500.00 94,227.10 Balance Before Distributions $ 1,504,955.63 Less Distributions to Beneficiaries 19 1 368.482.12 Principal Balance On Hand 26 $ 136.473.51 For Information: Investments Made 28 Unpaid Expenses 55 Unrealized Gains and Losses 55 Income Receipts 55 $ 51,552.37 Net Gain on Sales or Other Dispositions 75 0.00 $ 51,552.37 Less Disbursements: 76 Administrative Expenses $ 5,813.70 Federal & State Taxes 1 ,514.00 7327.70 Balance Before Distributions $ 44,224.67 Less Distributions to Beneficiaries 78 5 901.01 Income Balance on Hand 79 $ 38 323.66 For Information: Investments Made 80 Unpaid Expenses 80 Unrealized Gains and Losses 80 Combined Balance on Hand $ 174,797.17 I (1 ) No. of Shares 1,300 2,000 280 1,100 500 Par Value 20,000 10,000 e Aaron Nordenberg Receipts of Principal Cash and Cash Equivalents Boston Advisor Money Market Cash Reserves Fund Class 1, Aeet. #WJN-019579-38 Total Cash and Cash Equivalents Stocks Enbridge Energy Partners L P Common Dividend at Start of Trust Kinder Morgan Egy ptns L P Ut Ltd pt Int Dividend at Start of Trust Pfizer Ine Teppeo Partners Lp Time Warner Ine Total Stocks Bonds, Debentures & T -Bills Allegheny Cnty Pa Hosp Dev Aut Rev Bds Ft Intr DTD: 01/01/1998 Mat: 11/15/2018 Interest to Start of Trust Allegheny Cnty PA Residential Single PA Ft Intr. DTD: 07/01/1996 Mat: 11/01/2016 (2) e Inventory Value 05/07/2004 $ 35,955.20 $ Inventory Value 05/07/2004 $ 57,304.00 1,202.50 81,000.00 1,380.00 10,228.40 39,996.00 8,380.00 Inventory Value 05/07/2004 $ 20,138.40 465.83 10,299.75 I 35,955.20 199,490.90 Par Value 10,000 25,000 10,000 15,000 10,000 25,000 e e Receipts of Principal (Continued) Bonds, Debentures & T -Bills Inventory Value 05/07/2004 Interest to Start of Trust 10.42 Allegheny Cnty PA Arpt Rev Ft Intr. DTD: 10/01/1997 Mat: 01/01/2017 10,106.50 175.00 Interest to Start of Trust Allegheny Cnty Pa CTFS Partn Cops DTD: 05/01/1999 Mat: 12/01/2028 24,446.00 541.67 Interest to Start of Trust Allegheny Cnty PA Hasp Dev Aut Health CA DTD: 12/01/1995 Mat: 12/01/2025 1 0,352.~0 232.92 Interest to Start of Trust Allegheny Cnty Pa Indl Dev Aut Rev Bds DTD: 11/01/2002 Mat: 12/01/2024 15,042.75 325.00 Interest to Start of Trust Beaver Cnty PA Ft Intr. DTD: 11/01/1997 Mat: 10/01/2022 10,201.05 52.50 Interest to Start of Trust Beaver Cnty PA Hasp Auth Rev Ft Intr. DTD: 08/04/1998 Mat: 05/15/2018 25,709.25 597.22 Interest to Start of Trust (3) Par Value 15,000 10,000 20,000 10,000 10,000 25,000 20,000 e e Receipts of Principal (Continued) Bonds, Debentures & T -Bills Inventory Value 05/07/2004 Cambria Cnty Pa Indl Dev Auth Rev Ref B DTD: 11/01/1995 Mat: 11/01/2025 $ 16,111 .80 15.13 Interest to Start of Trust Dauphin Cnty Pa Gen Auth Hosp Ft Intr. DTD: 06/01/1993 Mat: 07/01/2016 10,530.90 201 .25 Interest to Start of Trust Delaware Cnty Pa Indl Dev Auth Ref Bds OTC DTD: 04/16/1997 Mat: 07/01/2013 21,220.90 427.00 Interest to Start of Trust Delaware Cnty Pa Indl Dev Auth Water FAX DTD: 08/15/1995 Mat: 08/15/2025 10,701.20 144.64 Interest to Start of Trust Delaware Fiv Port Auth PA & NJ Rev Bds DTD: 11/15/95 Mat: 1/1/2026 10,320.30 192.50 Interest to Start of Trust Erie Cnty Pa Indl Dev Auth Env Rev Bds Ft Intr. DTD: 11/15/1996 Mat: 12/01/2020 25,448.75 633.75 Interest to Start of Trust Geisinger Auth Pa Health Sys Ft Intr DTD: 08/01/1998 Mat: 08/15/2016 19,853.80 227.78 Interest to Start of Trust (4) Par Value 35,000 25,000 10,000 25,000 35,000 25,000 30,000 e e Receipts of Principal (Continued) Bonds, Debentures & T -Bills Inventory Value 05/07/2004 Geisinger Auth Pa Health Sys R Hlth Sys DTD: 8/1/1998 Mat: 8/15/2028 $ 33,665.45 398.61 Interest to Start of Trust Geisinger Auth PA Health Sys R Hlth Sys DTD: 8/01/1998 Mat: 08/15/2028 24,380.50 284.72 Interest to Start of Trust Indiana Cnty Pa Indl Dev Auth Rev Bds DTD: 5/1/1997 Mat: 5/1/2027 10,705.15 9.92 Interest to Start of Trust Jeannette PA Sch Dist Ft Intr DTD: 07/18/1997 Mat: 06/15/2020 27,009.50 517.71 Interest to Start of Trust Lehigh Cnty Pa Gen Purp Auth R Rev Bds DTD: 4/1/1998 Mat: 7/1/2028 33,994.80 612.50 Interest to Start of Trust Lehigh Northampton Pa Arpt Aut Airport Ft Intr. DTD: 11/01/1993 Mat: 01/01/2023 25,611.13 481 .25 Interest to Start of Trust Montgomery Cnty PA Higher Ed & Hosp Rev DTD: 04/01/1998 Mat: 07/01/2028 28,941.60 650.00 Interest to Start of Trust (5) Par Value 35,000 70,000 25,000 15,000 25,000 15,000 20,000 e e Receipts of Principal (Continued) Bonds, Debentures & T -Bills Inventory Value 05/07/2004 Montgomery Cnty Pa Higher Ed & Rev Bds DTD: 09/15/1997 Mat: 10/01/2023 $ 35,424.20 183.75 Interest to Start of Trust Montgomery Cnty PA Higher Ed & Hosp Rev DTD: 10/22/2002 Mat: 06/01/2027 67,387.60 1,554.58 Interest to Start of Trust North Penn PA Sch Dist OTC DTD: 12/01/2003 Mat: 03/01/2017 23,839.00 433.33 Interest to Start of Trust Northampton Cnty Pa Gen Purp A DTD: 12/19/2001 Mat: 10/01/2025 15,105.90 76.88 Interest to Start of Trust Pennsylvania Economic Dev Fin Rev Bds Ft Intr DTD: 08/01/2001 Mat: 08/15/2021 24,857.25 296.11 Interest to Start of Trust Pennsylvania Hsg Fin Agy DTD: 09/01/1997 Mat: 10/01/2027 15,176.48 87.75 Interest to Start of Trust Pennsylvania St Higher Edl Fac Rev Bds Ft Intr. DTD: 06/01/1998 Mat: 04/01/2021 20,355.80 (6) Par Value 20,000 25,000 10,000 65,000 20,000 20,000 e e Receipts of Principal (Continued) Bonds, Debentures & T -Bills Inventory Value 05/07/2004 Interest to Start of Trust 100.00 Pennsylvania St Tpk Commn oil Rev Bds DTD: 08/01/2003 Mat: 12/01/2025 19,947.20 433.33 Interest to Start of Trust Pennsylvania St Tpk Commn Regi Rev Bds DTD: 7/01/2001 Mat: 07/15/2026 24,701.25 388.89 Interest to Start of Trust Philadelphia PA Arpt Rev Ft Intr DTD: 06/15/1995 Mat: 06/15/2015 10,598.25 236.67 Interest to Start of Trust Philadelphia Pa Auth For Indl Lease Rev DTD: 12/01/2001 Mat: 10/01/2026 65,150.15 333.13 Interest to Start of Trust Philadelphia PA Auth for Indl Rev Bds OTC DTD: 06/15/1998 Mat: 06/01/2018 20,373.60 433.33 Interest to Start of Trust Philadelphia PA Gas Wks Rev Bds DTD: 04/02/2003 Mat: 07/01/2026 19,374.20 350.00 Interest to Start of Trust (7) Par Value 10,000 15,000 10,000 25,000 15,000 20,000 15,000 e e Receipts of Principal (Continued) Bonds, Debentures & T -Bills Inventory Value 05/07/2004 Philadelphia PA Hosps & Higher Rev Bds Ft Intr. DTD: 07/01/1998 Mat: 05/15/2021 $ 10,194.00 244.86 Interest to Start of Trust Philadelphia Pa Hosps & Higher Lease Rev FT Intr DTD: 10/15/2001 Mat: 05/01/2023 15,130.05 12.50 Interest to Start of Trust Philadelphia Pa Hosps & Higher Hosp Rev Ft Intr. DTD: 06/01/1993 Mat: 02/15/2021 10,025.05 113.89 Interest to Start of Trust Philadelphia Pa Sch Dist Ft Intr. DTD: 12/15/1998 Mat: 04/01/2018 24,618.25 112.50 Interest to Start of Trust Philadelphia Pa Wtr & Wastestr Rev Bds Ft Intr. DTD: 10/15/1997 Mat: 08/01/2022 15,184.35 200.00 Interest to Start of Trust Philadelphia Pa Wtr & Wastewtr Rev Bds DTD: 10/15/1997 Mat: 08/01/2027 19,931.20 273.33 Interest to Start of Trust Phoenixville PA GO Bds Ft Intr DTD: 05/01/2003 Mat: 12/01/2020 14,691.00 292.50 Interest to Start of Trust (8) Par Value 25,000 15,000 10,000 25,000 10,000 10,000 50,000 e e Receipts of Principal (Continued) Bonds, Debentures & T -Bills Inventory Value 05/07/2004 Pittsburgh & Allegheny Cnty Pa Sales Tax DTD: 05/01/1999 Mat: 02/01/2024 $ 24,874.00 333.33 Interest to Start of Trust Pittsburgh PA Urban Redev Auth Rev Bds FT Intr. DTD: 09/01/1997 Mat: 10/01/2014 15,672.75 84.00 Interest to Start of Trust Pittsburgh PA Wtr & Swr Auth W Rev Bds DTD: 03/01/1998 Mat: 09/01/2023 10,154.00 96.25 Interest to Start of Trust Scranton PA Pkg Auth Pkg Rev Ft Intr. DTD: 06/01/1995 Mat: 09/15/2020 27,359.75 256.39 Interest to Start of Trust Stroudsburg Pa Area Sch Dist G.O Bds DTD: 12/01/2001 Mat: 04/01/2024 10,038.30 50.00 Interest to Start of Trust Westmoreland Cnty PA Indl Dev Hosp Rev DTD: 12/15/1992 Mat: 07/01/2022 10,163.70 210.00 Interest to Start of Trust Yough Sch Dist PA G.O Bds OTC DTD: 1/16/2002 Mat: 10/01/2022 18,035.50 $ Total Bonds, Debentures & T -Bills (9) '1,027,539.78 I e e Receipts of Principal (Continued) Miscellaneous Inventory Value 05/07/2004 25% interest in Polecat Enterprises, a Pennsylvania limited partnership No. of Shares Mutual Funds $ 32,410.00 32,410.00 Inventory Value 05/07/2004 $ 25,000.00 13,891.74 2,711.00 41,602.74 $ 1,336,998.62 Total Miscellaneous Nuveen Pa Prem Incm Mun Fd 1,196.532 Van Kampen Cap Eqty Tr Aggre Grth CI B 217.054 Van Kampen Cap Eqty Tr Aggre Grth CI A Total Mutual Funds Total INVENTORY RECEIPTS SUBSEQUENT TO INVENTORY 11/03/2004 Proceeds of Provident Life and Accident Policy #0001198127 $ 250,000.00 12/01/2004 Credit Plus Collection Services, fees owed to decedent 85.25 12/01/2004 Reimbursement, Medcohealth 230.21 Total RECEIPTS SUBSEQUENT TO INVENTORY 250,315.46 (10) ! e Receipts of Principal (Continued) ADJUSTMENT TO CARRYING VALUES 05/07/2004 Kinder Morgan Egy ptns L P Ut Ltd pt Int Accrued Adjusted Value upon Audit $ ACCRUED VALUE PER INVENTORY Total ADJUSTMENT TO CARRYING VALUES Total Receipts of Principal (11 ) e 690.00 1,380.00 II $ (690.00) $ 1,586,624.08 I e e Aaron N ordenberg Gains and Losses on Sales or Other Dispositions of Principal Net Gain 08/26/2004 Sale 25,000 Par Geisinger Auth PA Health Sys R Hlth Sys DTD: 8/01/1998 Mat: 08/15/2028 Net Proceeds $ 24,887.30 Inventoried at 24,380.50 $ 506.80 08/26/2004 Sale 30,000 Par Montgomery Cnty PA Higher Ed & Hosp Rev DTD: 04/01/1998 Mat: 07/01/2028 Net Proceeds $ 29,845.45 Inventoried at 28,941.60 903.85 08/26/2004 Sale 20,000 Par Philadelphia pa Wtr & Wastewtr Rev Bds DTD: 10/15/1997 Mat: 08/01/2027 Net Proceeds $ 19,996.05 Inventoried at 19,931.20 64.85 08/26/2004 Sale 1,196.532 Shares Van Kampen Cap Eqty Tr Aggre Grth Cl B Inventoried at $ Net Proceeds 13,891.74 13,425.09 $ 08/26/2004 Sale 217.054 Shares Van Kampen Cap Eqty Tr Aggre Grth Cl A Inventoried at $ Net Proceeds 2,711.00 2,624.18 (12) Net Loss 466.65 86.82 e e Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain Net Loss 08/27/2004 Sale 35,000 Par Lehigh Cnty Pa Gen Purp Auth R Rev Bds DTD: 4/1/1998 Mat: 7/1/2028 Net Proceeds $ Inventoried at 34,916.95 33,994.80 $ 922.15 08/30/2004 Sale 1 Share Nuveen Pa Prem Incm Mun Fd Net Proceeds $ Carried at 25,000.00 25,000.00 08/30/2004 Sale 10,000 Par Stroudsburg Pa Area Sch Dist G.O Bds DTD: 12/01/2001 Mat: 04/01/2024 Inventoried at $ Net Proceeds 10,038.30 10,022.05 $ 16.25 08/31/2004 Sale 300 Shares Enbridge Energy Partners L P Common Net Proceeds $ 14,169.20 Inventoried at 13,224.00 945.20 08/31/2004 Sale 500 Shares Kinder Morgan Egy ptns L P Ut Ltd pt Int Net Proceeds $ 21,561.22 Inventoried at 20,250.00 1,311.22 09/01 /2004 Sale 25,000 Par Allegheny Cnty Pa CTFS Partn Cops DTD: 05/01/1999 Mat: 12/01/2028 Net Proceeds $ 25,349.02 Inventoried at 24,446.00 903.02 (13) e e Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain Net Loss 09/01/2004 Sale 35,000 Par Geisinger Auth Pa Health Sys R Hlth Sys DTD: B/1/1998 Mat: 8/15/2028 Net Proceeds $ 34,723.83 Inventoried at 33,665.45 $ 1,058.38 09/01/2004 Sale 70,000 Par Montgomery Cnty PA Higher Ed & Hasp Rev DTD: 10/22/2002 Mat: 06/01/2027 Net Proceeds $ 69,852.89 Inventoried at 67,387.60 2,465.29 09/02/2004 Sale 65,000 Par Philadelphia Pa Auth For Indl Lease Rev DTD: 12/01/2001 Mat: 10/01/2026 Net Proceeds $ 65,483.55 Inventoried at 65,150.15 333.40 1 0/26/2004 Sale 25,000 Par Pennsylvania St Tpk Commn Regi Rev Bds DTD: 7/01/2001 Mat: 07/15/2026 Net Proceeds $ 25,855.00 Inventoried at 24,701.25 1,153.75 10/26/2004 Sale 20,000 Par Philadelphia PA Gas Wks Rev Bds DTD: 04/02/2003 Mat: 07/01/2026 Net Proceeds $ 20,681.60 Inventoried at 19,374.20 1,307.40 (14) e e Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain Net Loss 10/26/2004 Sale 250 Shares Russell 2000 Growth Index Fund (I shares) Net Proceeds $ Inventoried at 10/27/2004 Sale 500 Shares Time Warner Inc Inventoried at Net Proceeds $ 10/27/2004 Sale 400 Shares Viacom Inc CL B Inventoried at $ Net Proceeds 14,849.65 14,847.50 $ 2.15 8,380.00 8,164.80 $ 215.20 14,122.58 13,679.67 442.91 10/27/2004 Sale 50,000 Par Yough sch Dist PA G.O Bds OTC DTD: 1/16/2002 Mat: 10/01/2022 Net Proceeds $ Inventoried at 11/03/2004 Collection Proceeds of Provident Life and Accident Policy #0001198127 Net Proceeds $ Carried at 19,916.50 18,035.50 1,881.00 250,000.00 250,000.00 12/01/2004 Sale Credit Plus Collection Services, fees owed to decedent Net Proceeds $ Carried at 85.25 85.25 (15) II e e Disbursements of Principal (Continued) Date Paid tmount Paid Federal and State Taxes 01/14/2005 PA Department of Revenue $ 113.00 Estimated fiduciary income tax Check Number 24328 01/14/2005 us Treasury 794.00 Estimated fiduciary income tax Check Number 24329 01/25/2005 Register of Wills, Agent 59,001. 37 PA Inheritance Taxes Check Number 24507 04/12/2005 us Treasury 5.00 2004 Federal fiduciary extension payment Check Number 26052 Total Federal and State Taxes $ 59,913.37 Fees and Commissions 06/30/2005 RESERVE: $ 26,500.00 Rhoads & Sinon LLP Attorneys' fees Total Fees and Commissions $ t 26,500.00 Total Disbursements of Principal $ 4,227.10 (18) e Aaron N ordenberg Distributions of Principal to Beneficiaries Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV 04/01/2005 250 Shares 3M Co $ 04/01/2005 300 Shares American Intl Group Inc 04/01/2005 10,000 Par Allegheny Cnty PA Residential Single PA Ft Intr. DTD: 07/01/1996 Mat: 11/01/2016 04/01/2005 10,000 Par Allegheny Cnty PA Arpt Rev Ft Intr. DTD: 10/01/1997 Mat: 01/01/2017 04/01/2005 10,000 Par Allegheny Cnty PA Hosp Dev Aut Health CA DTD: 12/01/1995 Mat: 12/01/2025 04/01/2005 15,000 Par Allegheny Cnty Pa Indl Dev Aut Rev Bds DTD: 11/01/2002 Mat: 12/01/2024 04/01/2005 1,000 Shares Amsouth Bancorporation 04/01/2005 10,000 Par Beaver Cnty PA Ft Intr. DTD: 11/01/1997 Mat: 10/01/2022 (19) - 19,867.50 21,494.54 10,299.75 10,106.50 10,352.90 15,042.75 26,325.65 10,201.05 Distribution Value e e Distributions of Principal to Beneficiaries (Continued) Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV 04/01/2005 25,000 Par $ 25,709.25 Beaver Cnty PA Hosp Auth Rev Ft Intr. DTD: 08/04/1998 Mat: 05/15/2018 04/01/2005 200 Shares 10,842.00 ChevronTexaeo Corp 04/01/2005 500 Shares 23,130.26 Citigroup Ine 04/01/2005 900 Shares 26,433.00 Comeast Corp New CL A 04/01/2005 15,000 Par Cambria Cnty Pa Indl Dev Auth Rev Ref B DTD: 11/01/1995 Mat: 11/01/2025 16,111.80 04/01/2005 10,000 Par Dauphin Cnty Pa Gen Auth Hosp Ft Intr. DTD: 06/01/1993 Mat: 07/01/2016 04/01/2005 20,000 Par Delaware Cnty Pa Indl Dev Auth Ref Bds OTC DTD: 04/16/1997 Mat: 07/01/2013 04/01/2005 10,000 Par Delaware Cnty Pa Indl Dev Auth Water FAX DTD: 08/15/1995 Mat: 08/15/2025 10,530.90 21,220.90 10,701.20 (20) Distribution Value e e Distributions of Principal to Beneficiaries (Continued) Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV 04/01/2005 10,000 Par Delaware Fiv Port Auth PA & NJ Rev Bds DTD: 11/15/95 Mat: 1/1/2026 $ 10,320.30 04/01/2005 400 Shares Diebold Inc 19,144.00 04/01/2005 1,000 Shares Disney Walt Co 25,644.00 04/01/2005 400 Shares Dow Chern Co 17,214.00 04/01/2005 1,000 Shares Enbridge Energy Partners L P Common 43,155.00 04/01/2005 1,448 Shares Enterprise Products Partners L.P. 31,305.58 04/01/2005 25,000 Par 25,448.75 Erie Cnty Pa Indl Dev Auth Env Rev Bds Ft Intr. DTD: 11/15/1996 Mat: 12/01/2020 04/01/2005 600 Shares 21,488.00 Fiserv Inc 04/01/2005 500 Shares 16,663.06 General Electric Co. 04/01/2005 20,000 Par 19,853.80 Geisinger Auth Pa Health Sys Ft Intr DTD: 08/01/1998 Mat: 08/15/2016 (21 ) Distrib1tion Value I I I I ! e e Distributions of Principal to Beneficiaries (Continued) Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV 04/01/2005 200 Shares International Business Machs $ 17,247.88 04/01/2005 10, 000 Par Indiana Cnty Pa Indl Dev Auth Rev Bds DTD: 5/1/1997 Mat: 5/1/2027 10,705.15 04/01/2005 350 Shares Johnson & Johnson 20,513.88 04/01/2005 25, 000 Par Jeannette PA Sch Dist Ft Intr DTD: 07/18/1997 Mat: 06/15/2020 27,009.50 04/01/2005 1 , 500 Share s Kinder Morgan Egy ptns L P Ut Ltd pt Int 59,640.00 04/01/2005 300 Shares Lowes Cos Inc 15,261.11 04/01/2005 800 Shares Microsoft Corp. 22,135.39 04/01/2005 35,000 Par Montgomery Cnty Pa Higher Ed & Rev Bds DTD: 09/15/1997 Mat: 10/01/2023 35,424.20 04/01/2005 15,000 Par Northampton Cnty Pa Gen Purp A 15,105.90 DTD: 12/19/2001 Mat: 10/01/2025 (22) Distribution Value e e Distributions of Principal to Beneficiaries (Continued) Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV 04/01/2005 400 Shares PPG Inds Inc $ 23,944.42 04/01/2005 25,000 Par Pennsylvania Economic Dev Fin Rev Bds Ft Intr DTD: 08/01/2001 Mat: 08/15/2021 24,857.25 04/01/2005 15,000 Par Pennsylvania Hsg Fin Agy DTD: 09/01/1997 Mat: 10/01/2027 15,176.48 04/01/2005 20, 000 Par Pennsylvania St Higher Edl Fac Rev Bds Ft Intr. DTD: 06/01/1998 Mat: 04/01/2021 20,355.80 04/01/2005 20,000 Par Pennsylvania St Tpk Commn Oil Rev Bds DTD: 08/01/2003 Mat: 12/01/2025 19,947.20 04/01/2005 900 Shares Pfizer Inc 29,117.89 04/01/2005 10,000 Par Philadelphia PA Arpt Rev Ft Intr DTD: 06/15/1995 Mat: 06/15/2015 10,598.25 04/01/2005 20,000 Par Philadelphia PA Auth for Indl Rev Bds aTC DTD: 06/15/1998 Mat: 06/01/2018 20,373.60 (23) Distribftion Value I I e e Distributions of Principal to Beneficiaries (Continued) Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV 04/01/2005 10,000 Par Philadelphia PA Hasps & Higher Rev Bds Ft Intr. DTD: 07/01/1998 Mat: 05/15/2021 $ 10,194.00 04/01/2005 15,000 Par Philadelphia Pa Hasps & Higher Lease Rev FT Intr DTD: 10/15/2001 Mat: 05/01/2023 15,130.05 04/01/2005 15,000 Par Philadelphia Pa Wtr & Wastestr Rev Bds Ft Intr. DTD: 10/15/1997 Mat: 08/01/2022 15,184.35 04/01/2005 25,000 Par 24,874.00 Pittsburgh & Allegheny Cnty Pa Sales Tax DTD: 05/01/1999 Mat: 02/01/2024 04/01/2005 15,000 Par 15,672.75 Pittsburgh PA Urban Redev Auth Rev Bds FT Intr. DTD: 09/01/1997 Mat: 10/01/2014 04/01/2005 10,000 Par 10,154.00 Pittsburgh PA Wtr & Swr Auth W Rev Bds DTD: 03/01/1998 Mat: 09/01/2023 04/01/2005 410 Shares 49,473.20 Russell 2000 Index Fund (I shares) (24) Distribution Value e e Distributions of Principal to Beneficiaries (Continued) Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV 04/01/2005 25,000 Par Scranton PA Pkg Auth Pkg Rev Ft Intr. DTD: 06/01/1995 Mat: 09/15/2020 $ 27,359.75 04/01/2005 500 Shares Sysco Corp 17,445.00 04/01/2005 3,899.873 Shares Thornburg International Value Fund CL A 75,000.00 04/01/2005 2,958.58 Shares T. Rowe Price Real Estate FD 50,000.00 04/01/2005 1,100 Shares Teppco Partners Lp 39,996.00 04/01/2005 900 Shares Teva Pharmaceutical Inds Ltd Adr 23,256.00 04/01/2005 200 Shares United Technologies Corp 18,450.00 04/01/2005 800 Shares Vodafone Group PLC ADR sponsored 19,169.21 04/01/2005 10,000 Par Westmoreland Cnty PA Indl Dev Hosp Rev DTD: 12/15/1992 Mat: 07/01/2022 10,163.70 04/11/2005 Cash 60,939.77 Total Distributions of Principal (25) Distrib~tion Value $ $ I I I I 1,368,482.12 I 1,368,482.12 I I , ** , ** Adjusted distribution value of the total Principal and Income distributions to the Co-Trustees, $1,442,554.70. e e Aaron N ordenberg Principal Balance On Hand Inventory Value Cash and Cash Equivalents Blackrock Liquid Fund Treasury $ 1,001.74 U S Treasury Cash Reserves (10,148.98) Total Cash and Cash Equivalents $ (9,147.24) Par Value Bonds, Debentures & T -Bills 20,000 Allegheny Cnty Pa Hosp Dev Aut Rev Bds Ft Intr DTD: 01/01/1998 Mat: 11/15/2018 $ 20,138.40 25,000 North Penn PA Sch Dist OTC DTD: 12/01/2003 Mat: 03/01/2017 23,839.00 25,000 Philadelphia Pa Sch Dist Ft Intr. DTD: 12/15/1998 Mat: 04/01/2018 24,618.25 15,000 Phoenixville PA GO Bds Ft Intr DTD: 05/01/2003 Mat: 12/01/2020 14,691.00 30,000 Plum Boro PA Sch Dist SER B 4.00%, 09/15/2016 29,924.10 Total Bonds, Debentures & T -Bills $ 113,210.75 (26) e e Principal Balance On Hand (Continued) Inventory Value Miscellaneous 25% interest in Polecat Enterprises, a Pennsylvania limited partnership $ 32,410.00 Total Miscellaneous Total Balance on Hand (27) $ II 32,410.00 $ 136,473.51 , e e Aaron Nordenberg Information Schedules - Principal Inventory New Investments Value 3M Co 10/06/2004 200 Shs. Purchased $ 16,020.00 11/03/2004 50 Shs. Purchased 3,847.50 American Intl Group Inc 08/30/2004 200 Shs. Purchased $ 14,323.46 09/03/2004 100 Shs. Purchased 7,171.08 Amsouth Bancorporation 08/31/2004 500 Shs. Purchased $ 13,106.47 09/03/2004 200 Shs. Purchased 5,293.18 11/16/2004 300 Shs. Purchased 7,926.00 ChevronTexaco Corp 10/06/2004 200 Shs. Purchased $ 10,842.00 Citigroup Inc 08/19/2004 250 Shs. Purchased $ 11,419.74 09/03/2004 150 Shs. Purchased 7,097.52 11/16/2004 100 Shs. Purchased 4,613.00 Comcast Corp New CL A 10/06/2004 500 Shs. Purchased $ 14,565.00 11/03/2004 200 Shs. Purchased 5,900.00 11/22/2004 200 Shs. Purchased 5,968.00 Diebold Inc 11/03/2004 400 Shs. Purchased $ 19,144.00 Disney Walt Co 10/27/2004 600 Shs. Purchased $ 14,988.00 11/22/2004 400 Shs. Purchased 10,656.00 (28) e e Information Schedules - Principal (Continued) Inventory New Investments Value Dow Chern Co 10/26/2004 300 Shs. Purchased $ 12,822.00 11/01/2004 100 Shs. Purchased 4,392.00 Fiserv Inc 10/27/2004 400 Shs. Purchased $ 14,088.00 11/16/2004 200 Shs. Purchased 7,400.00 General Electric Co. 08/31/2004 400 Shs. Purchased $ 13,334.93 09/03/2004 100 Shs. Purchased 3,328.13 Gulf terra Energy Partners LP 08/31/2004 800 Shs. Purchased $ 31,877.54 International Business Machs 08/30/2004 200 Shs. Purchased $ 17,247.88 Johnson & Johnson 08/31/2004 250 Shs. Purchased $ 14,632.80 09/03/2004 100 Shs. Purchased 5,881.08 Lowes Cos Inc 08/31/2004 300 Shs. Purchased $ 15,261.11 Microsoft Corp. 111,031.03 08/19/2004 400 Shs. Purchased $ 09/03/2004 300 Shs. Purchased 8,291 .36 10/06/2004 100 Shs. Purchased 2,813.00 Pfizer Inc 08/19/2004 400 Shs. Purchased $ 12,782.29 11/22/2004 220 Shs. Purchased 6,107.20 (29) e e Information Schedules - Principal (Continued) Inventory New Investments Value Plum Boro PA Sch Dist SER B 4.00%, 09/15/2016 04/12/2005 30,000 Par Purchased $ 29,924.10 PPG Inds Inc 08/19/2004 200 Shs. Purchased $ 11,883.34 09/03/2004 100 Shs. Purchased 6,054.08 10/26/2004 100 Shs. Purchased 6,007.00 Russell 2000 Growth Index Fund (I shares) 10/06/2004 250 Shs. Purchased $ 14,847.50 Russell 2000 Index Fund (I shares) 10/26/2004 150 Shs. Purchased $ 17,259.00 11/16/2004 100 Shs. Purchased 12,195.00 11/22/2004 160 Shs. Purchased 20,019.20 Sysco Corp 11/16/2004 500 Shs. Purchased $ 17 ,445.00 Teva Pharmaceutical Inds Ltd Adr 11/03/2004 900 Shs. Purchased $ 23,256.00 Thornburg International Value Fund CL A 11/01/2004 1,078.749 Shs. Purchased $ 20,000.00 11/12/2004 260.96 Shs. Purchased 5,000.00 11/18/2004 2,560.164 Shs. Purchased 50,000.00 T. Rowe Price Real Estate FD 11/18/2004 2,958.58 Shs. Purchased $ 50,000.00 United Technologies Corp 11/03/2004 200 Shs. Purchased $ 18,450.00 (30) e e Information Schedules - Principal (Continued) New Investments viacom rnc CL B 08/31/2004 400 Shs. Vodafone Group PLC ADR sponsored 08/31/2004 600 11/16/2004 200 Shs. Shs. Total New Investments Exchanges and Stock Distributions 3M Co 10/06/2004 11/03/2004 200 50 Shs. Shs. 250 Shs. 04/01/2005 (250) Shs. Allegheny Cnty Pa Hosp Dev Aut Rev Bds Ft Intr DTD: 01/01/1998 Mat: 11/15/2018 05/07/2004 20,000 Par 20,000 Par Allegheny Cnty PA Residential Single PA Ft Intr. DTD: 07/01/1996 Mat: 11/01/2016 05/07/2004 10,000 Par Purchased Purchased Purchased Purchased Purchased On Hand Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received On Hand Received (31 ) 'I Inventory Value $ 14,122.58 $ 14,053.21 5,116.00 $ 589,803.31 Inventory Value $ 16,020.00 3,847.50 $ 19,867.50 (19,867.50) I I I -l \ \ $ i 20,138.40 $ 20,138.40 $ 10,299.75 e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Allegheny Cnty PA Residential Single PA Ft Intr. DTD: 07/01/1996 Mat: 11/01/2016 (Continued) 04/01/2005 (10/000) Par Allegheny Cnty PA Arpt Rev Ft Intr. DTD: 10/01/1997 Mat: 01/01/2017 05/07/2004 10/000 Par 04/01/2005 (10/000) Par Allegheny Cnty Pa CTFS Partn Cops DTD: 05/01/1999 Mat: 12/01/2028 05/07/2004 25/000 Par 09/01/2004 (25/000) Par Allegheny Cnty PA Hosp Dev Aut Health CA DTD: 12/01/1995 Mat: 12/01/2025 05/07/2004 10/000 Par 04/01/2005 (10,000) Par Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV (32) !Inventory I Value I I I I 1(10,299.75) I i I I I =1 1 I I i 1 ! $ i $ I 10,106.50 \(10,106.50) I I =1 I i 1 I $ i 24,446.00 i =\(24,446.00) I $ \ I I \ 10,352.90 I 1(10,352.90) I i I I e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Allegheny Cnty Pa Indl Dev Aut Rev Bds DTD: 11/01/2002 Mat: 12/01/2024 05/07/2004 15,000 Par 04/01/2005 (15,000) Par American Inti Group Inc 08/30/2004 09/03/2004 200 100 Shs. Shs. 300 Shs. 04/01/2005 (300 ) Shs. Amsouth Bancorporation 08/31/2004 09/03/2004 11/16/2004 500 200 300 Shs. Shs. Shs. 1,000 Shs. 04/01/2005 (1,000) Shs. Beaver Cnty PA Ft Intr. DTD : 11/01/1997 05/07/2004 Mat: 10/01/2022 10,000 Par Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Purchased Purchased On Hand Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Purchased Purchased Purchased On Hand Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received (33) Inventory I Value I i I i I $ I 15,042.75 \ (15,042.75) I I i ~ I I $ i 14,323.46 I I 7,171.08 $ I 21,494.54 \ (21 ,494.54) \ I, =1 I $ \ 13,106.47 I 5,293.18 ~ 7,926.00 $\ 26,325.65 (26,325.65) I I I I I I I I I I I I , $ 10,201.05 e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Beaver Cnty PA Ft Intr. DTD: 11/01/1997 (Continued) 04/01/2005 Mat: 10/01/2022 (10,000) Par Beaver Cnty PA Hosp Auth Rev Ft Intr. DTD: 08/04/1998 Mat: 05/15/2018 05/07/2004 25,000 Par 04/01/2005 (25,000) Par Cambria Cnty Pa Indl Dev Auth Rev Ref B DTD: 11/01/1995 Mat: 11/01/2025 05/07/2004 15,000 Par 04/01/2005 (15,000) Par ChevronTexaco Corp 10/06/2004 04/01/2005 200 (200 ) Shs. Shs. Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Purchased Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV (34) Inventory Value $ (10,201.05) $ 25,709.25 (25,709.25) $ 16,111.80 (16,111.80) ===j I $ 10,842.00 , (10,842.00) e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Citigroup Inc 08/19/2004 09/03/2004 11/16/2004 04/01/2005 250 150 100 500 (500) Shs. Shs. Shs. Shs. Shs. Comcast Corp New CL A 10/06/2004 11/03/2004 11/22/2004 04/01/2005 500 200 200 900 (900) Shs. Shs. Shs. Shs. Shs. Credit Plus Collection Services, fees owed to decedent 12/01/2004 12/01/2004 Dauphin Cnty Pa Gen Auth Hosp Ft Intr. DTD: 06/01/1993 Mat: 07/01/2016 05/07/2004 10,000 Par Purchased Purchased Purchased On Hand Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Purchased Purchased Purchased On Hand Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Received (35) II nventory Value $ 11,419.74 7,097.52 4,613.00 sj 23,130.26 i (23,130.26) I I ! i =1 $ 14,565.00 5,900.00 ~ 5,968.00 $ I 26,433.00 i (26,433.00) I I , $ 85.25 (85.25) $ 10,530.90 e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Dauphin Cnty Pa Gen Auth Hosp Ft Intr. DTD: 06/01/1993 Mat: 07/01/2016 (Continued) 04/01/2005 (10,000) Par Delaware Cnty Pa Indl Dev Auth Ref Bds OTC DTD: 04/16/1997 Mat: 07/01/2013 05/07/2004 20,000 Par 04/01/2005 (20,000) Par Delaware Cnty Pa Indl Dev Auth Water FAX DTD: 08/15/1995 Mat: 08/15/2025 05/07/2004 10,000 Par 04/01/2005 (10,000) Par Delaware Fiv Port Auth PA & NJ Rev Bds DTD: 11/15/95 Mat: 1/1/2026 05/07/2004 10,000 Par Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received (36) Inventory Value $ (10,530.90) $ 21,220.90 (21,220.90) $ 10,701.20 (10,701.20) $ 10,320.30 e e Information Schedules - Principal (Continued) Inventory Exchanges and Stock Distributions Value Delaware Fiv Port Auth PA & NJ Rev Bds DTD: 11/15/95 Mat: 1/1/2026 (Continued) 04/01/2005 (10,000) Par Distribution $ (10,320.30) To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Diebold Inc 11/03/2004 400 Shs. Purchased $ 19,144.00 04/01/2005 (400) Shs. Distribution (19,144.00) To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV I Disney Walt Co 10/27/2004 600 Shs. Purchased $ 14,988.00 11/22/2004 400 Shs. Purchased 10,656.00 1,000 Shs. On Hand $ 25,644.00 04/01/2005 (1,000) Shs. Distribution (25,644.00) To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV ==9 i , Dow Chern Co 10/26/2004 300 Shs. Purchased $ 12,822.00 11/01/2004 100 Shs. Purchased 4,392.00 400 Shs. On Hand $ i 17,214.00 (37) e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Dow Chern Co (Continued) 04/01/2005 (400) Shs. Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Enbridge Energy Partners L P Common 05/07/2004 1,300 Shs. 08/31/2004 (300) Shs. 1,000 Shs. 11/12/2004 1,000 Shs. 04/01/2005 (1,000) Shs. Received Sold On Hand Return of principal On Hand Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Inventory Value $ (17,214.00) ~ $ 57,304.00 i ~ (13,224.00) $ 44,080.00 (925.00) $ 43,155.00 (43,155.00) ==l Enterprise Products Partners L.P. 10/05/2004 1,448 Shs. Received via exchange $ 31,877.54 from Gulf terra Energy Partners LP 11/05/2004 Return of principal (571.96) 1,448 Shs. On Hand $ 31,305.58 04/01/2005 (1,448) Shs. Distribution (31,305.58) To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Erie Cnty Pa Indl Dev Auth Env Rev Bds Ft Intr. DTD: 11/15/1996 Mat: 12/01/2020 05/07/2004 25,000 Par Received $ 25,448.75 (38) II e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Inventory . Value Erie Cnty pa Indl Dev Auth Env Rev Bds Ft Intr. DTD: 11/15/1996 Mat: 12/01/2020 (Continued) 04/01/2005 (25,000) Par Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV $ \ , I i (25,448.75) I , Fiserv Inc 10/27/2004 400 Shs. Purchased $ I 14,088.00 I 11/16/2004 Purchased I 200 Shs. I 7,400.00 600 Shs. On Hand $ " 21,488.00 04/01/2005 (600) Shs. Distribution \ (21,488.00) To Ruth Nordenberg and Advest I Bank and Trust Company, I I Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV , I Geisinger Auth Pa Health Sys ! Ft Intr I I DTD: 08/01/1998 Mat: I \ 08/15/2016 I I 05/07/2004 20,000 Par Received $ ! 19,853.80 04/01/2005 I (20,000) Par Distribution 1(19,853.80) To Ruth Nordenberg and Advest I Bank and Trust Company, Co-Trustees of the Aaron \ Nordenberg Unified Credit I i Trust A under ARTICLE IV I \ I I I Geisinger Auth Pa Health Sys R I , Hlth Sys , I DTD: 8/1/1998 Mat: 8/15/2028 , I 05/07/2004 Received $ i 35,000 Par ! 33,665.45 09/01/2004 (35,000) Par Sold (33,665.45) (39) e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Geisinger Auth Hlth Sys DTD: 8/01/1998 05/07/2004 08/26/2004 PA Health Sys R Mat: 08/15/2028 25,000 Par (25,000) Par General Electric Co. 08/31/2004 09/03/2004 04/01/2005 400 100 500 (500 ) Shs. Shs. Shs. Shs. Gulf terra Energy Partners LP 08/31/2004 10/05/2004 800 (800) Shs. Shs. Indiana Cnty Pa Indl Dev Auth Rev Bds DTD: 5/1/1997 05/07/2004 04/01/2005 Mat: 5/1/2027 10,000 (10,000) Par Par Received Sold Purchased Purchased On Hand Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Purchased Exchanged for Enterprise Products Partners L.P. Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV 08/30/2004 International Business Machs 200 Shs. Purchased (40) ,Inventory Value $ I I I 24,380.50 1(24,380.50) I $ ,13,334.93 3,328.13 $ I 16,663.06 1(16,663.06) i I I I i I I I I I I I , $ \31,877 .54 1(31,877.54) , I ===l I I i I I $ ! 10,705.15 I (10,705.15) I i -\ " $ I 17 ,247.88 e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Inventory Value International Business Machs (Continued) 04/01/2005 (200) Shs. Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV $ (17,247.88) Jeannette PA Sch Dist Ft Intr DTD: 07/18/1997 05/07/2004 04/01/2005 Mat: 06/15/2020 25,000 Par (25,000) Par Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV $ 27,009.50 (27,009.50) Johnson & Johnson 08/31/2004 250 Shs. Purchased $ 14,632.80 09/03/2004 100 Shs. Purchased I 5,881.08 Shs. On Hand $ I 350 i 20,513.88 04/01/2005 (350 ) Shs. Distribution !(20,513.88) To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Kinder Morgan Egy ptns L P Ut Ltd pt Int 05/07/2004 2,000 Shs. Received $ : 81,000.00 05/07/2004 Adjusted 0.00 2,000 Shs. On Hand $ I 181,000.00 08/31/2004 (500 ) Shs. Sold ~20,250.00) 1,500 Shs. On Hand $ . 60,750.00 02/14/2005 Return of principal , (1,110.00) 1,500 Shs. On Hand $ 59,640.00 (41 ) e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Kinder Morgan Egy ptns L P Ut Ltd pt Int (Continued) 04/01/2005 (1,500) Shs. Lehigh Cnty Pa Gen Purp Auth R Rev Bds DTD: 4/1/1998 Mat: 7/1/2028 05/07/2004 35,000 Par 08/27/2004 (35,000) Par Lehigh Northampton pa Arpt Aut Airport Ft Intr. DTD: 11/01/1993 Mat: 01/01/2023 05/07/2004 25,000 Par 03/17/2005 (25,000) Par Lowes Cos Inc 08/31/2004 04/01/2005 300 (300) Shs. Shs. Microsoft Corp. 08/19/2004 09/03/2004 10/06/2004 400 300 100 800 Shs. Shs. Shs. Shs. Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Received Sold Purchased Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Purchased Purchased Purchased On Hand (42) $ Inventory \ Value I I I I I I \ (59,640.00) I \ 'I I I I I I I 33,994.80 (33,994.80) $ $ 25,611.13 (25,611.13) $ 15,261.11 (15,261.11) I =1 $ I I [11,031.03 I : 8,291.36 I I 2,813.00 [ I 22,135.39 I $ e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Microsoft Corp. (Continued) 04/01/2005 (800) Shs. Montgomery Cnty PA Higher Ed & Hosp Rev DTD: 04/01/1998 Mat: 07/01/2028 05/07/2004 30,000 Par 08/26/2004 (30,000) Par Montgomery Cnty Pa Higher Ed & Rev Bds DTD: 09/15/1997 Mat: 10/01/2023 05/07/2004 35,000 Par 04/01/2005 (35,000) Par Montgomery Cnty PA Higher Ed & Hosp Rev DTD: 10/22/2002 Mat: 06/01/2027 05/07/2004 70,000 Par 09/01/2004 (70,000) Par North Penn PA Sch Dist OTC DTD: 12/01/2003 Mat: 03/01/2017 05/07/2004 25,000 25,000 Par Par Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Received On Hand (43) II Inventory Value $ (22,135.39) =1 $ 28,941.60 (28,941.60) ===l $ 35,424.20 (35,424.20) I $ 67,387.60 ~(67,387.60) $ $ 23,839.00 I 23,839.00 e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Northampton Cnty Pa Gen Purp A DTD: 12/19/2001 Mat: 10/01/2025 05/07/2004 15,000 Par 04/01/2005 (15,000) Par Nuveen Pa Prem Incm Mun Fd 05/07/2004 08/30/2004 2 (1) Shs. Shs. Pennsylvania Economic Dev Fin Rev Bds Ft Intr DTD: 08/01/2001 Mat: 08/15/2021 05/07/2004 25,000 Par 04/01/2005 (25,000) Par pennsylvania Hsg Fin Agy DTD: 09/01/1997 Mat: 20/01/2027 05/07/2004 15,000 Par 04/01/2005 (15,000) Par Pennsylvania St Higher Edl Fac Rev Bds Ft Intr. DTD: 06/01/1998 Mat: 04/01/2021 05/07/2004 20,000 Par Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received (44) , I Inventory Value $ 15,105.90 (15,105.90) $ 25,000.00 (25,000.00) $ 24,857.25 (24,857.25) $ 15,176.48 15,176.48) -I I I I $ 120,355.80 I I I I I Inventory I Value I I I I I \ \ $ I (20,355.80) I II I ~ $ 19,947.20 (19,947.20) I I \ I I I I I I i I I i I \ e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Pennsylvania St Higher Edl Fac Rev Bds Ft Intr. DTD: 06/01/1998 Mat: 04/01/2021 (Continued) 04/01/2005 (20,000) Par Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Pennsylvania St Tpk Commn oil Rev Bds DTD: 08/01/2003 Mat: 12/01/2025 05/07/2004 20,000 Par 04/01/2005 (20,000) Par Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Pennsylvania Bt Tpk Commn Regi Rev Bds DTD: 7/01/2001 Mat: 07/15/2026 05/07/2004 25,000 Par Received $ 10/26/2004 (25,000) Par Sold Pfizer Inc 05/07/2004 280 Shs. Received $ 08/19/2004 400 Shs. Purchased 11/22/2004 220 Shs. Purchased 900 Shs. On Hand $ 04/01/2005 (900 ) Shs. Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV , , 24,701.25 24,701.25) 10,228.40 12,782.29 I I 6,107.20 129,117.89 i ~29, 117.89) I I I (45) e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Philadelphia PA Arpt Rev Ft Intr DTD: 06/15/1995 Mat: 06/15/2015 05/07/2004 10,000 Par 04/01/2005 (10,OOO) Par Philadelphia Pa Auth For Indl Lease Rev DTD: 12/01/2001 Mat: 10/01/2026 05/07/2004 65,000 Par 09/02/2004 (65,OOO) Par Philadelphia PA Auth for Indl Rev Bds aTC DTD: 06/15/1998 Mat: 06/01/2018 05/07/2004 20,000 Par 04/01/2005 (20,OOO) Par Philadelphia PA Gas Wks Rev Bds DTD: 04/02/2003 Mat: 07/01/2026 05/07/2004 20,000 Par 10/26/2004 (20,OOO) Par Philadelphia PA Hosps & Higher Rev Bds Ft Intr. DTD: 07/01/1998 Mat: 05/15/2021 05/07/2004 10,000 Par Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Received (46) Inventory i Value I I I I I I I 10,598.25 \ (10,598.25) I I I ===9 I I \ \ $ , I i $ 165,150.15 =1(65,150.15) I i I I I $ $ $ 20,373.60 (20,373.60) I I I I I I I I i I 119,374.20 ~19,374.20) \ I I I I I I I 10,194.00 e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Philadelphia PA Hosps & Higher Rev Bds Ft Intr. DTD: 07/01/1998 Mat: 05/15/2021 (Continued) 04/01/2005 (10,000) Par Philadelphia Pa Hosps & Higher Lease Rev FT Intr DTD: 10/15/2001 Mat: 05/01/2023 05/07/2004 15,000 Par 04/01/2005 (15,000) Par Philadelphia Pa Hosps & Higher Hosp Rev Ft Intr. DTD: 06/01/1993 Mat: 02/15/2021 05/07/2004 10,000 Par 02/15/2005 (10,000) Par Philadelphia Pa Sch Dist Ft Intr. DTD: 12/15/1998 Mat: 04/01/2018 05/07/2004 25,000 Par 25,000 Par Philadelphia Pa Wtr & Wastestr Rev Bds Ft Intr. DTD: 10/15/1997 Mat: 08/01/2022 05/07/2004 15,000 Par Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Received On Hand Received (47) '1 Inventory , Value $ I \ (10,194.00) $ I i 15,130.05 I I i (15,130.05) $ ! 10,025.05 d(10,025.05) I $ $ i 24,618.25 I i 24,618.25 $ 15,184.35 e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Philadelphia Pa Wtr & Wastestr Rev Bds Ft Intr. DTD: 10/15/1997 Mat: 08/01/2022 (Continued) 04/01/2005 (15,000) Par Philadelphia Pa Rev Bds DTD: 10/15/1997 05/07/2004 08/26/2004 Wtr & Wastewtr Mat: 08/01/2027 20,000 Par (20,000) Par Phoenixville PA Ft Intr DTD: 05/01/2003 05/07/2004 GO Bds Mat: 12/01/2020 15,000 Par 15,000 Par Pittsburgh & Allegheny Cnty Pa Sales Tax DTD: 05/01/1999 Mat: 02/01/2024 05/07/2004 25,000 Par 04/01/2005 (25,000) Par Pittsburgh PA Urban Redev Auth Rev Bds FT Intr. DTD: 09/01/1997 Mat: 10/01/2014 05/07/2004 15,000 Par Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Received On Hand Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received (48) , I Inventory Value $ (15,184.35) $ 19,931.20 (19,931.20) $ $ I \ 14,691.00 14,691.00 $ 24,874.00 24,874.00) $ 5,672.75 e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Pittsburgh PA Urban Redev Auth Rev Bds FT Intr. DTD: 09/01/1997 Mat: 10/01/2014 (Continued) 04/01/2005 (15,000) Par Pittsburgh PA Wtr & Swr Auth W Rev Bds DTD: 03/01/1998 Mat: 09/01/2023 05/07/2004 10,000 Par 04/01/2005 (10,000) Par Plum Boro PA Sch Dist SER B 4.00%, 09/15/2016 04/12/2005 30,000 Par 30,000 Par 25% interest in Polecat Enterprises, a Pennsylvania limited partnership 05/07/2004 PPG Inds Inc 08/19/2004 09/03/2004 10/26/2004 200 100 100 400 Shs. Shs. Shs. Shs. Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Purchased On Hand Received On Hand Purchased Purchased Purchased On Hand (49) , I Inventory Value $ (15,672.75) $ 10,154.00 (10,154.00) $ $ 29,924.10 29,924.10 $ $ 32,410.00 32,410.00 $ 11,883.34 6,054.08 6,007.00 23,944.42 $ , I e e Information Schedules - Principal (Continued) Inventory Exchanges and Stock Distributions Value PPG Inds Inc (Continued) 04/01/2005 (400) Shs. Distribution $ (23,944.42) To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Proceeds of Provident Life and Accident Policy #000119B127 11/03/2004 Received $ 250,000.00 11/03/2004 Collected 250,000.00) Reimbursement, Medcohealth 12/01/2004 Received $ 230.21 12/01/2004 Collected (230.21 ) Russell 2000 Growth Index Fund (I shares) 10/06/2004 250 Shs. Purchased $ 14,847.50 10/26/2004 (250) Shs. Sold (14,847.50) Russell 2000 Index Fund (I shares) 10/26/2004 150 Shs. Purchased $ 17,259.00 11/16/2004 100 Shs. Purchased 12,195.00 11/22/2004 160 Shs. Purchased 20,019.20 410 Shs. On Hand $ 49,473.20 04/01/2005 (410) Shs. Distribution 49,473.20) To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV (50) e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Scranton PA Pkg Intr. DTD: 06/01/1995 05/07/2004 04/01/2005 Auth Pkg Rev Ft Mat: 09/15/2020 25,000 Par (25,000) Par Stroudsburg pa Area Sch Dist G.O Bds DTD: 12/01/2001 Mat: 04/01/2024 05/07/2004 10,000 Par 08/30/2004 (10,000) Par Sysco Corp 11/16/2004 500 04/01/2005 (500) Shs. Shs. Teppco Partners Lp 05/07/2004 04/01/2005 1,100 (1,100) Shs. Shs. Teva Pharmaceutical Inds Ltd Adr 11/03/2004 900 Shs. Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Purchased Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Purchased (51 ) I r Inventory I Value I I I I i I I , , $ I 27,359.75 \ (27,359.75) I I i \ I I $ I, 10,038.30 i ~(10,038.30) I i I i , ! 17,445.00 I ((17,445.00) i , 1 I I i I i \ $ $ 139,996.00 i p9,996.00) I I I I 1 ==1 I I I $ !23,256.00 e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Teva Pharmaceutical Inds Ltd Adr (Continued) 04/01/2005 (900) Shs. Thornburg International Value Fund CL A 11/01/2004 1,078.749 Shs. 11/12/2004 260.96 Shs. 11/18/2004 2,560.164 Shs. 3,899.873 Shs. 04/01/2005 (3,899.873) Shs. Time Warner Inc 05/07/2004 10/27/2004 500 (SOD) Shs. Shs. T. Rowe Price Real Estate FD 11/18/2004 2,958.58 Shs. 12/20/2004 2,958.58 Shs. 04/01/2005 (2,958.58) Shs. 04/05/2005 Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Purchased Purchased Purchased On Hand Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold Purchased Cap. gain dist. On Hand Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Cap. gain dist. (52) , I Inventory Value I I I I I I $ I (23,256.00) \ I ! I I i I I I $ I I I I \ $ I 75,000.00 1(75,000.00) I I \ =1 20,000.00 5,000.00 50,000.00 $ 8,380.00 (8,380.00) I i I $ 150,000.00 I rl 0.00 $ i 50,000.00 (50,000.00) I I I I I 0.00 e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions United Technologies Corp 11/03/2004 200 04/01/2005 (200) Shs. Shs. Purchased Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV (53) , I Inventory : Value i $ : 18,450.00 I, (18,450.00) I I I I i I e e Information Schedules - Principal (Continued) Exchanges and Stock Distributions Westmoreland Cnty PA Indl Dev Hosp Rev DTD: 12/15/1992 Mat: 07/01/2022 05/07/2004 10,000 Par 04/01/2005 (10,000) Par Yough Sch Dist PA G.O Bds OTC DTD: 1/16/2002 Mat: 10/01/2022 05/07/2004 50,000 Par 10/27/2004 (50,000) Par Received Distribution To Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV Received Sold (54) , I Inventory Value $ 10,163.70 (10,163.70) ! i I i $ \ 18,035.50 =I (18,035.50) I 'I e Aaron Nordenberg Receipts of Income e Income Collected 3M Co 12/13/2004 Dividend on 250 Shares $ 90.00 03/14/2005 Dividend on 250 Shares 105.00 $ 195.00 Boston Advisor Money Market Cash Reserves Fund Class 1, Acct. #WJN-019579-38 05/14/2004 Dividend $ 10.58 06/16/2004 Dividend 11.07 07/19/2004 Dividend 16.01 08/16/2004 Dividend 23.92 09/03/2004 Dividend 13.94 09/16/2004 Dividend 15.32 10/16/2004 Dividend 46.26 10/25/2004 Dividend 5.02 142.12 Allegheny Cnty Pa Hasp Dev Aut Rev Bds Ft Intr DTD: 01/01/1998 Mat: 11/15/2018 05/17/2004 Interest on 20,000 Par $ 487.50 Less accrued portion (465.83) 11/15/2004 Interest on 20,000 Par 487.50 05/16/2005 Interest on 20,000 Par 487.50 996.67 (55) , r e e Receipts of Income (Continued) Allegheny Cnty PA Residential Single PA Ft Intr. DTD: 07/01/1996 Mat: 11/01/2016 11/01/2004 Interest on 10,000 Par $ 312.50 Less accrued portion (10.42) $ 302.08 Allegheny Cnty PA Arpt Rev Ft Intr. DTD: 10/01/1997 Mat: 01101/2017 07/01/2004 Interest on 10,000 Par $ 250.00 Less accrued portion (175.00) 01/03/2005 Interest on 10,000 Par 250.00 325.00 Allegheny Cnty Pa CTFS Partn Cops DTD: 05/01/1999 Mat: 12/01/2028 06/01/2004 Interest on 25,000 Par $ 625.00 Less accrued portion (541.67) 83.33 Allegheny Cnty PA Hosp Dev Aut Health CA DTD: 12/01/1995 Mat: 12/01/2025 06/01/2004 Interest on 10,000 Par $ 268.75 Less accrued portion (232.92) 12/01/2004 Interest on 10,000 Par 268.75 304.58 (56) ! I e e Receipts of Income (Continued) Allegheny Cnty Pa Indl Oev Aut Rev Bds 010: 11/01/2002 Mat: 12/01/2024 06/01/2004 Interest on 15,000 Par $ 375.00 Less accrued portion (325.00) 12/01/2004 Interest on 15,000 Par 375.00 $ 425.00 American Inti Group Inc 09/17/2004 Dividend on 100 Shares $ 7.50 09/20/2004 Dividend on 200 Shares 15.00 12/17/2004 Dividend on 300 Shares 22.50 03/18/2005 Dividend on 300 Shares 37.50 82.50 Amsouth Bancorporation 10/01/2004 Dividend on 200 Shares $ 48.00 10/01/2004 Dividend on 300 Shares 120.00 01/03/2005 Dividend on 500 Shares 250.00 04/01/2005 Dividend on 500 Shares 250.00 668.00 Beaver Cnty PA Ft Intr. 010: 11/01/1997 Mat: 10/01/2022 10/01/2004 Interest on 10,000 Par $ 262.50 Less accrued portion (52.50) 04/01/2005 Interest on 10,000 Par 262.50 472.50 (57) II - e Receipts of Income (Continued) Beaver Cnty PA Hosp Auth Rev Ft Intr. DTD: 08/04/1998 Mat: 05/15/2018 05/17/2004 Interest on 25,000 Par $ 625.00 Less accrued portion (597.22) 11/15/2004 Interest on 25,000 Par 625.00 $ 652.78 Cambria Cnty Pa Indl Oev Auth Rev RefB OTD: 11/01/1995 Mat: 11/01/2025 11/01/2004 Interest on 15,000 Par $ 453.75 Less accrued portion (15.13) 438.62 ChevronTexaeo Corp 12/10/2004 Dividend on 200 Shares $ 80.00 03/10/2005 Dividend on 200 Shares 80.00 160.00 Citigroup Ine 11/24/2004 Dividend on 500 Shares $ 160.00 02/28/2005 Dividend on 500 Shares 220.00 380.00 Dauphin Cnty Pa Gen Auth Hosp Ft Intr. OTD: 06/01/1993 Mat: 07/01/2016 07/01/2004 Interest on 10,000 Par $ 287.50 Less accrued portion (201.25) 01/03/2005 Interest on 10,000 Par 287.50 373.75 (58) , I e e Receipts of Income (Continued) Delaware Cnty Pa Indl Dev Auth Ref Bds OTC DTD: 04/16/1997 Mat: 07/01/2013 07/01/2004 Interest on 20,000 Par $ 610.00 Less accrued portion (427.00) 01/03/2005 Interest on 20,000 Par 610.00 $ 793.00 Delaware Cnty Pa Indl Dev Auth Water FAX DTD: 08/15/1995 Mat: 08/15/2025 08/16/2004 Interest on 10,000 Par $ 317.50 Less accrued portion (144.64) 02/15/2005 Interest on 10,000 Par 317.50 490.36 Delaware Fiv Port Auth P A & NJ Rev Bds DTD: 11/15/95 Mat: 1/1/2026 07/01/2004 Interest on 10,000 Par $ 275.00 Less accrued portion (192.50) 01/03/2005 Interest on 10,000 Par 275.00 357.50 Diebold Inc 12/03/2004 Dividend on 400 Shares $ 74.00 03/11/2005 Dividend on 400 Shares 82.00 156.00 Disney Walt Co 01/06/2005 Dividend on 1000 Shares $ 240.00 240.00 (59) - e Receipts of Income (Continued) Dow Chern Co 01/28/2005 Dividend on 400 Shares Enbridge Energy Partners L P Common 05/14/2004 Part. Inc. on 1,300 Shs. Less accrued portion 08/13/2004 Part. Inc. on 1,300 Shs. 02/14/2005 Part. Inc. on 1,000 Shs. Enterprise Products Partners L.P. 02/14/2005 Dividend on 1,448 Shares Erie Cnty Pa Indl Dev Auth Env Rev Bds Ft Intr. DTD: 11/15/1996 Mat: 12/01/2020 06/01/2004 Interest on 25,000 Par Less accrued portion 12/01/2004 Interest on 25,000 Par Blackrock Liquid Fund Treasury 10/04/2004 Interest 11/02/2004 Interest 12/02/2004 Interest 01/04/2005 Interest 02/02/2005 Interest 03/02/2005 Interest 04/02/2005 Interest 05/03/2005 Interest (60) $ 134.00 $ 1,202.50 (1,202.50) 1,202.50 925.00 $ 579.20 $ 731.25 (633.75) 731.25 $ 0.48 5.22 11.03 23.08 25.81 33.82 48.54 48.82 $ 1 r 134.00 2,127.50 579.20 828.75 - e Receipts of Income (Continued) Delaware Cnty Pa Indl Dev Auth Ref Bds OTC DTD: 04/16/1997 Mat: 07/01/2013 07/01/2004 Interest on 20,000 Par $ 610.00 Less accrued portion (427.00) 01/03/2005 Interest on 20,000 Par 610.00 $ 793.00 Delaware Cnty Pa Indl Dev Auth Water FAX DTD: 08/15/1995 Mat: 08/15/2025 08/16/2004 Interest on 10,000 Par $ 317.50 Less accrued portion (144.64) 02/15/2005 Interest on 10,000 Par 317.50 490.36 Delaware Fiv Port Auth PA & NJ Rev Bds DTD: 11/15/95 Mat: 1/1/2026 07/01/2004 Interest on 10,000 Par $ 275.00 Less accrued portion (192.50) 01/03/2005 Interest on 10,000 Par 275.00 357.50 Diebold Inc 12/03/2004 Dividend on 400 Shares $ 74.00 03/11/2005 Dividend on 400 Shares 82.00 156.00 Disney Walt Co 01/06/2005 Dividend on 1000 Shares $ 240.00 240.00 (59) e. f e ReceIpts 0 Income (Continued) Dow Chern Co 01/28/2005 Dividend on 400 Shares $ Enbridge Energy Partners L P Common 05/14/2004 Part. Inc. on 1,300 Shs. Less accrued portion $ 08/13/2004 Part. Inc. on 1,300 Shs. 02/14/2005 Part. Inc. on 1,000 Shs. Enterprise Products Partners L.P. 02/14/2005 Dividend on 1,448 Shares $ Erie Cnty Pa Indl Dev Auth Env Rev Bds Ft Intr. DTD: 11/15/1996 Mat: 12/01/2020 06/01/2004 Interest on 25,000 Par Less accrued portion $ 12/01/2004 Interest on 25,000 Par Blackrock Liquid Fund Treasury 10/04/2004 Interest 11/02/2004 Interest 12/02/2004 Interest 01/04/2005 Interest 02/02/2005 Interest 03/02/2005 Interest 04/02/2005 Interest 05/03/2005 Interest $ (60) 13 4. 00 1,202.50 (1,202.50) 1,202.50 925.00 579.20 731.25 (633.75) 731.25 0.48 5.22 11. 03 23.08 25.81 33.82 48.54 48.82 $ 134.00 2,127.50 579.20 828.75 R!.Pts of Income (Continued) e Blackrock Liquid Fund Treasury 06/02/2005 Interest $ 48.79 $ 245.59 U 5 Treasury Cash Reserves 10/04/2004 Dividend $ 153.22 11/02/2004 Dividend 170.35 12/02/2004 Dividend 234.88 01/04/2005 Dividend 225.90 02/02/2005 Dividend 225.26 03/02/2005 Dividend 157.23 04/02/2005 Dividend 219.69 05/03/2005 Dividend 134.61 06/02/2005 Dividend 74.13 1,595.27 Geisinger Auth Pa Health Sys Ft Intr DTD: 08/01/1998 Mat: 08/15/2016 08/16/2004 Interest on 20,000 Par $ 500.00 Less accrued portion (227.78) 02/15/2005 Interest on 20,000 Par 500.00 772 .22 Geisinger Auth Pa Health Sys R Hlth Sys DTD: 8/1/1998 Mat: 8/15/2028 08/16/2004 Interest on 35,000 Par $ 875.00 Less accrued portion (398.61) 476.39 (61 ) R!iPts ofIncome (Continued) · Geisinger Auth PA Health Sys R Hlth Sys DTD: 8/01/1998 Mat: 08/15/2028 08/16/2004 Interest on 25,000 Par $ 625.00 Less accrued portion (284.72) 08/26/2004 Interest on sale 38.19 $ 378.47 General Electric Co. 10/25/2004 Dividend on 100 Shares $ 20.00 10/25/2004 Dividend on 400 Shares 80.00 01/25/2005 Dividend on 500 Shares 110.00 210.00 Indiana Cnty Pa Indl Dev Auth Rev Bds DTD: 5/1/1997 Mat: 5/1/2027 11/01/2004 Interest on 10,000 Par $ 297.50 Less accrued portion (9.92) 287.58 International Business Machs 12/10/2004 Dividend on 200 Shares $ 36.00 03/10/2005 Dividend on 200 Shares 36.00 72.00 Jeannette PA Sch Dist Ft Intr DTD: 07/18/1997 Mat: 06/15/2020 06/15/2004 Interest on 25,000 Par $ 656.25 Less accrued portion (517.71) 12/15/2004 Interest on 25,000 Par 656.25 794.79 ....~....e 8 ~:-! (62) e Receipts of Income (Continued) Johnson & Johnson 12/07/2004 Dividend on 350 Shares 03/08/2005 Dividend on 350 Shares Kinder Morgan Egy ptns L P Ut Ltd pt Int 05/14/2004 Part. Inc. on 2,000 Shs. Less accrued portion 08/14/2004 Part. Inc. on 2,000 Shs. 11/12/2004 Part. Inc. on 2,000 Shs. Lehigh Cnty Pa Gen Purp Auth R Rev Bds DTD: 4/1/1998 Mat: 7/1/2028 07/01/2004 Interest on 35,000 Par Less accrued portion 08/27/2004 Interest on sale Lehigh Northampton Pa Arpt Aut Airport Ft Intr. DTD: 11/01/1993 Mat: 01/01/2023 07/01/2004 Interest on 25,000 Par Less accrued portion 01/03/2005 Interest on 25,000 Par (63) $ $ $ $ e- 99.75 99.75 199.50 690.00 (690.00) 1,420.00 1,095.00 2,515.00 875.00 (612.50) 272.22 534.72 687.50 (481.25) 687.50 R!iPts ofIncome (Continued) · Lehigh Northampton Pa Arpt Aut Airport Ft Intr. DTD: 11/01/1993 Mat: 01/01/2023 03/17/2005 Interest on sale $ 290.28 $ 1,184.03 Lowes Cos Inc 10/29/2004 Dividend on 300 Shares $ 12.00 01/29/2005 Dividend on 300 Shares 12.00 24.00 Microsoft Corp. 09/14/2004 Dividend on 700 Shares $ 32.00 12/02/2004 Dividend on 800 Shares 2,464.00 03/02/2005 Dividend on 800 Shares 64.00 2,560.00 Montgomery Cnty PA Higher Ed & Hosp Rev DTD: 04/01/1998 Mat: 07/01/2028 06/01/2004 Interest on 30,000 Par $ 750.00 Less accrued portion (650.00) 08/26/2004 Interest on sale 354.17 454.17 Montgomery Cnty Pa Higher Ed & Rev Bds DTD: 09/15/1997 Mat: 10/01/2023 10/01/2004 Interest on 35,000 Par $ 918.75 Less accrued portion (183.75) 04/01/2005 Interest on 35,000 Par 918.75 1,653.75 (64) e e Receipts of Income (Continued) Montgomery Cnty PA Higher Ed & Hosp Rev OTO: 10/22/2002 Mat: 06/01/2027 06/01/2004 Interest on 70,000 Par $ 1,793.75 Less accrued portion (1,554.58) $ 239.17 North Penn PA Seh Oist OTC OTO: 12/01/2003 Mat: 03/01/2017 09/01/2004 Interest on 25,000 Par $ 750.00 Less accrued portion (433.33) 03/01/2005 Interest on 25,000 Par 500.00 816.67 Northampton Cnty Pa Gen Purp A OTO: 12/19/2001 Mat: 10/01/2025 10/01/2004 Interest on 15,000 Par $ 384.38 Less accrued portion (76.88) 04/01/2005 Interest on 15,000 Par 384.38 691.88 Nuveen Pa Prem Inem Mun Fd 05/10/2004 Interest $ 2.40 05/17/2004 Interest 4.70 OS/24/2004 Interest 4.79 06/01/2004 Interest 2.47 06/07/2004 Interest 2.05 06/14/2004 Interest 2.40 06/21/2004 Interest 4.70 06/28/2004 Interest 5.08 07/06/2004 Interest 4.11 07/13/2004 Interest 5.01 (65) R!iPts ofIncome (Continued) · Nuveen Pa Prem Incm Mun Fd 07/19/2004 Interest $ 3.59 07/26/2004 Interest 5.03 08/02/2004 Interest 4.32 08/09/2004 Interest 3.84 08/16/2004 Interest 5.37 08/23/2004 Interest 5.27 08/30/2004 Interest 5.27 $ 70.40 Pennsylvania Economic Dev Fin Rev Bds Ft Intr DTD: 08/01/2001 Mat: 08/15/2021 08/16/2004 Interest on 25,000 Par $ 650.00 Less accrued portion (296.11) 02/15/2005 Interest on 25,000 Par 650.00 1,003.89 Pennsylvania Hsg Fin Agy DTD: 09/01/1997 Mat: 10/01/2027 10/01/2004 Interest on 15,000 Par $ 438.75 Less accrued portion (87.75) 04/01/2005 Interest on 15,000 Par 438.75 789.75 Pennsylvania St Higher Edl Fac Rev Bds Ft Intr. DTD: 06/01/1998 Mat: 04/01/2021 10/01/2004 Interest on 20,000 Par $ 500.00 Less accrued portion (100.00) 04/01/2005 Interest on 20,000 Par 500.00 900.00 (66) e e Receipts of Income (Continued) Pennsylvania St Tpk Commn Oil Rev Bds DTD: 08/01/2003 Mat: 12/01/2025 06/01/2004 Interest on 20,000 Par $ 500.00 Less accrued portion (433.33) 12/01/2004 Interest on 20,000 Par 500.00 566.67 Pennsylvania St Tpk Commn Regi Rev Bds DTD: 7/01/2001 Mat: 07/15/2026 07/15/2004 Interest on 25,000 Par $ 625.00 Less accrued portion (388.89) 10/26/2004 Interest on sale 350.69 586.80 Pfizer Inc 06/04/2004 Dividend on 280 Shares $ 47.60 09/03/2004 Dividend on 680 Shares 47.60 12/03/2004 Dividend on 900 Shares 115.60 03/08/2005 Dividend on 900 Shares 171.00 381.80 Philadelphia PA Arpt Rev Ft I ntr DTD: 06/15/1995 Mat: 06/15/2015 06/15/2004 Interest on 10,000 Par $ 300.00 Less accrued portion (236.67) (67) e e Receipts of Income (Continued) Philadelphia PA Arpt Rev Ft Intr 010: 06/15/1995 Mat: 06/15/2015 12/15/2004 Interest on 10/000 Par $ 300.00 $ 363.33 Philadelphia Pa Auth For Indl Lease Rev 010: 12/01/2001 Mat: 10/01/2026 09/02/2004 Interest on 65/000 Par $ 1/397.27 Less accrued portion (333.13) 1/064.14 Philadelphia PA Auth for Indl Rev Bds Ole 010: 06/15/1998 Mat: 06/01/2018 06/01/2004 Interest on 20/000 Par $ 500.00 Less accrued portion (433.33) 12/01/2004 Interest on 20/000 Par 500.00 566.67 Philadelphia PA Gas Wks Rev Bds 010: 04/02/2003 Mat: 07/01/2026 07/01/2004 Interest on 20/000 Par $ 500.00 Less accrued portion (350.00) 10/26/2004 Interest on sale 319.44 469.44 Philadelphia PA Hosps & Higher Rev Bds Ft Intr. OTO: 07/01/1998 Mat: 05/15/2021 08/16/2004 Interest on 10/000 Par $ 250.00 Less accrued portion (244.86) (68) e e Receipts of Income (Continued) Philadelphia PA Hasps & Higher Rev Bds Ft Intr. DTD: 07/01/1998 Mat: 05/15/2021 02/15/2005 Interest on 10,000 Par $ 250.00 $ 255.14 Philadelphia Pa Hasps & Higher Lease Rev FT Intr DTD: 10/15/2001 Mat: 05/01/2023 11/01/2004 Interest on 15,000 Par $ 375.00 Less accrued portion (12.50) 362.50 Philadelphia Pa Hasps & Higher Hasp Rev Ft Intr. DTD: 06/01/1993 Mat: 02/15/2021 05/17/2004 Interest on 10,000 Par $ 256.25 Less accrued portion (113.89) 11/15/2004 Interest on 10,000 Par 256.25 398.61 Philadelphia Pa Sch Dist Ft Intr. DTD: 12/15/1998 Mat: 04/01/2018 10/01/2004 Interest on 25,000 Par $ 562.50 Less accrued portion (112.50) 04/01/2005 Interest on 25,000 Par 562.50 1,012.50 (69) e e Receipts of Income (Continued) Philadelphia Pa Wtr & Wastestr Rev Bds Ft Intr. DTD: 10/15/1997 Mat: 08/01/2022 08/02/2004 Interest on 15,000 Par $ 375.00 Less accrued portion (200.00) 02/01/2005 Interest on 15,000 Par 375.00 $ 550.00 Philadelphia Pa Wtr & Wastewtr Rev Bds DTD: 10/15/1997 Mat: 08/01/2027 08/02/2004 Interest on 20,000 Par $ 512.50 Less accrued portion (273.33) 08/26/2004 Interest on sale 71.18 310.35 Phoenixville PA GO Bds Ft Intr DTD: 05/01/2003 Mat: 12/01/2020 06/01/2004 Interest on 15,000 Par $ 337.50 Less accrued portion (292.50) 12/01/2004 Interest on 15,000 Par 337.50 06/01/2005 Interest on 15,000 Par 337.50 720.00 Pittsburgh & Allegheny Cnty Pa Sales Tax DTD: 05/01/1999 Mat: 02/01/2024 08/02/2004 Interest on 25,000 Par $ 625.00 Less accrued portion (333.33) 02/02/2005 Interest on 25,000 Par 625.00 916.67 (70) e e Receipts of Income (Continued) Pittsburgh PA Urban Redev Auth Rev Bds FT Intr. OTO: 09/01/1997 Mat: 10/01/2014 10/01/2004 Interest on 15,000 Par Less accrued portion $ 420.00 (84.00) 04/01/2005 Interest on 15,000 Par 420.00 Pittsburgh PA Wtr & Swr Auth W Rev Bds OTO: 03/01/1998 Mat: 09/01/2023 09/01/2004 Interest on 10,000 Par Less accrued portion $ 262.50 (96.25) 03/01/2005 Interest on 10,000 Par 262.50 Plum Boro PA Sch Oist SER B 4.00%, 09/15/2016 04/12/2005 Accrued paid on purchase $ (36.67) PPG Inds Inc 12/10/2004 Dividend on 400 Shares 03/11/2005 Dividend on 400 Shares $ 180.00 180.00 Proceeds of Provident Life and Accident Policy #0001198127 11/03/2004 Interest from 5/7/04 thru 11/1/04 @4% $ 4,904.11 (71 ) $ 1 ' 756.00 428.75 (36.67) 360.00 4,904.11 R!iPts ofIncome (Continued) · Russell 2000 Index Fund (I shares) 12/30/2004 Dividend on 410 Shares 03/31/2005 Dividend on 410 Shares $ 168.56 224.74 Scranton PA Pkg Auth Pkg Rev Ft Intr. DTD: 06/01/1995 Mat: 09/15/2020 09/15/2004 Interest on 25,000 Par Less accrued portion $ 887.50 (256.39) 03/15/2005 Interest on 25,000 Par 887.50 Stroudsburg Pa Area Sch Dist G.O Bds DTD: 12/01/2001 Mat: 04/01/2024 08/30/2004 Interest on sale Less accrued portion $ 206.94 (50.00) Sysco Corp 01/28/2005 Dividend on 500 Shares $ 75.00 Teppco Partners Lp 08/06/2004 Part. Inc. on 1,100 Shs. 11/08/2004 Part. Inc. on 1,100 Shs. 02/08/2005 Part. Inc. on 1,100 Shs. $ 728.75 728.75 728.75 (72) $ 393.30 1,518.61 156.94 75.00 2,186.25 e e Receipts of Income (Continued) Teva Pharmaceutical'nds Ltd Adr 12/06/2004 Dividend on 900 Shares $ 37.26 03/17/2005 Dividend on 900 Shares 50.31 $ 87.57 Thornburg International Value Fund CLA 01/05/2005 Dividend on 3,899.873 Shares $ 275.64 275.64 T. Rowe Price Real Estate FD 12/20/2004 Dividend on 2,958.58 Shares $ 473.37 04/04/2005 Dividend on 2,958.58 Shares 414.20 887.57 United Technologies Corp 12/10/2004 Dividend on 200 Shares $ 70.00 03/10/2005 Dividend on 200 Shares 88.00 158.00 Viacom Inc CLB 10/01/2004 Dividend on 400 Shares $ 24.00 24.00 Vodafone Group PLC ADR sponsored 02/04/2005 Dividend on 800 Shares $ 285.20 285.20 (73) e e Receipts of Income (Continued) Westmoreland Cnty PA Indl Dev Hosp Rev DTD: 12/15/1992 Mat: 07/01/2022 07/01/2004 Interest on 10,000 Par Less accrued portion $ 300.00 (210.00) 01/03/2005 Interest on 10,000 Par 300.00 Total Income Received (74) $ $ 390.00 51,552.37 e Aaron Nordenberg e Gains and Losses on Sales or Other DIspositions of Income Net Gain No Gain or Loss $ 0.00 (75) , ' Net Loss Date Paid 1 0/26/2004 12/20/2004 12/21/2004 03/21/2005 03/22/2005 06/14/2005 06/20/2005 01/14/2005 e Aaron Nordenberg Disbursements of Income Administration Expenses Advest, Inc. - Investment Management 1MB Fees 10/1/2004 - 11/30/2004 Check Number 22701 Advest Trust Dept. Fee Quarter ended 11/30/2004 Advest, Inc. - Investment Management 1MB Fees Q/E 2/25/2005 Advest Trust Dept. Fee Quarter ended 02/28/2005 Advest, Inc. - Investment Management 1MB Fees Q/E 5/31/2005 Check Number 25467 Advest Trust Dept. Fee Quarter ended 05/31/2005 Advest, Inc. - Investment Management 1MB Fees Q/E 8/31/2005 Check Number 27303 Total Administration Expenses Federal and State Taxes PA Department of Revenue Estimated fiduciary income tax Check Number 24328 (76) e $ $ $ Amount Paid 522.28 2,004.95 1,024.13 1,023.94 1,016.34 112.49 109.57 5,813.70 67.00 e - Disbursements of Income (Continued) Date Paid Amount Paid Federal and State Taxes 01/14/2005 us Treasury $ 546.00 Estimated fiduciary income tax Check Number 24329 04/12/2005 PA Department of Revenue 182.00 2004 State fiduciary extension payment Check Number 26060 04/12/2005 US Treasury 409.00 2004 Federal fiduciary extension payment Check Number 26052 04/14/2005 PA Department of Revenue 67.00 2005 First Quarter Estimate, State fiduciary income tax Check Number 26130 04/14/2005 US Treasury 243.00 2005 Estimated Fiduciary Income tax Check Number 26152 Total Federal and State Taxes $ 1,514.00 Total Disbursements of Income $ 7,327.70 (77) e Aaron Nordenberg e Distributions of Income to Beneficiaries Distribution Value Ruth Nordenberg and Advest Bank and Trust Company, Co-Trustees of the Aaron Nordenberg Unified Credit Trust A under ARTICLE IV 04/11/2005 Cash $ 5,901.01 Total Distributions of Income $ $ 5,901.01 5,901.01 ** ** Adjusted distribution value of the total Principal and Income distributions to the Co-Trustees, $1,442,554.70. (78) e Aaron Nordenberg e Income Balance On Hand Inventory Value Cash and Cash Equivalents Blackrock Liquid Fund Treasury $ 22,338.26 U S Treasury Cash Reserves 15,985.40 Total Cash and Cash Equivalents Total Balance on Hand (79) $ 38,323.66 $ 38,323.66 , I ( ~ . ' r' e e AFFIDA VII RUTH NORDENBERG and ADVEST BANK AND TRUST COMPANY, Successor Trustees under the AARON NORDENBERG REVOCABLE TRUST, hereby declare under oath that said 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 in full. (~ Ruth Nor , o-Trustee Sworn to and subscribed b# this J P: day of , 2005, Y PUBLIC OMMISSION EXPIRES: ) COMMONWEALTH OF PENNSYLVANIA Notarial Seal Yvonne R. Durham, Notary PubrlC city Of Harrisburg, Dauphin County My Commission Expires Aug. 20, 2009 Member, Pennsylvania Association of Notaries ADVESTBANKAND TRUST COMPANY, Co-Trustee By: Gw;Q .(p~/ UP.yC) Sworn to and s~b$s;.Rhed (f?~~o:~ ~this O{~ day of ~,2005, TARYPUBLIC COMMISSION EXPIRES: (SEAld~ANi\i IV WN . '" NOTARY '11 :,,! ,',,, \ ';_'1 : H) r!t'J My Comi7;;C:/:l:~:IL~ ,::!AfE OF OHiO "00 (11 ,::;,vre:' n"~-n8 ,"Q ,) '.... '... ~j ;" ~.) ',-" 572950.1 - e e INRE: THE AARON NORD ENBERG REVOCABLE TRUST IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION : NO. 00499 of2004 STATEMENT OF MATTER TO BE ADJUDICATED AND PROPOSED DISTRIBUTION OF THE AARON NORDENBERG REVOCABLE TRUST The First and Final Account of Ruth Nordenberg and Advest Bank and Trust Company filed in the above-captioned matter shows a balance on hand of $174,797.17, of which $102,774.08 is required to complete the funding of the Unified Credit Trust, leaving a balance for distribution of$72,023.09. Under Article III of the Trust Agreement, this balance is assignable to Trust C, the GST Non-Exempt Marital Trust, for the exclusive benefit of Ruth Nordenberg for and during the balance of her lifetime. Upon the death of Ruth Nordenberg, the balance passing to Trust C is to be distributed to such of Ruth Nordenberg's issue as she shaH appoint by her Last Will and Testament. In default of the exercise of the power of appointment, the remaining assets of Trust C will pass to the Settlor's issue then living, per stirpes, subjectto potential trusts for children and grandchildren. Article XXIII(B) of the Trust Agreement provides as follows: Whenever the Trustee, in the Trustee's sole discretion, determines that any trust hereunder should be terminated because said trust is too small to justify its maintenance as a separate trust, the Trustee, without any liability to any person or remainderman whose interest may be affected thereby and without the necessity of prior court approval, shall terminate such trust and shall distribute the assets of the terminated trust outright to the individual or individuals at that time eligible to receive the income therefrom. If any additions to any such trust are received after its termination under this ARTICLE, such trust shall be revived and this provision shall continue to apply to it. The Trustee discretion herein granted shall in no event be construed as giving any potential distributee of a trust the right to compel a termination in whole or in part of such trust. Article XXII(F) ofthe Trust provides as follows: Notwithstanding anything to the contrary herein contained, so long as a Trustee or the issue of such trustee is a beneficiary of any trust hereunder, such Trustee shall not participate in any discretionary determination of the Trustee (i) to make trust distributions to or for the benefit of such Trustee or his or her own issue; or (ii) to terminate any trust for the benefit of such Trustee or his or her issue under the ARTICLE hereof captioned "Additional Trust and Trustee Provisions". Given the limited assets available for distribution to Trust C and given the broad beneficial rights and the power of appointment held by Ruth Nordenberg, Advest Bank and Trust .. , I e e Company has determined under the authority granted to it in the above-quoted provisions that Trust C should be terminated ab initio because it is too small to justify its maintenance as a separate trust. The proposed distribution therefore prays that this Court award the remaining assets available for distribution under the Aaron Nordenberg Revocable Trust to Ruth Nordenberg, outright and free of trust, as follows: TOTAL BALANCE FOR DISTRIBUTION, as more fully described on attached Schedule A $174.797..F PROPOSED DISTRIBUTION TO: Ruth Nordenberg and Advest Bank and Trust Company, Trustees of the Unified Credit Trust under Article IV Principal Income - Statutory Interest under 20 Pa.C.S.A. 97187(1) $ 35,540.70 $ 67.233.38 TOTAL PROPOSED DISTRIBUTIONS $102,774;08 $ 72.023;09 $ 174.797f1 'Z TO: Ruth Nordenberg, outright, BALANCE REMAINING TRUSTEES: Date: RUthNO$ } ADVEST BANK AND TRUST COMPANY Date: f '~S-1)r- By: ~ Title: , I . e e Aaron Nordenberg Balance On Hand Inventory Value Cash and Cash Equivalents Blackrock Liquid Fund Treasury $ 23,340.00 U S Treasury Cash Reserves 5,836.42 Total Cash and Cash Equivalents $ 29,176.42 Par Value Bonds, Debentures & T -Bills 20,000 Allegheny Cnty Pa Hosp Dev Aut Rev Bds Ft Intr DTD: 01/01/1998 Mat: 11/15/2018 $ 20,138.40 25,000 North Penn PA sch Dist OTC DTD: 12/01/2003 Mat: 03/01/2017 23,839.00 25,000 Philadelphia Pa Sch Dist Ft Intr. DTD: 12/15/1998 Mat: 04/01/2018 24,618.25 15,000 Phoenixville PA GO Bds Ft Intr DTD: 05/01/2003 Mat: 12/01/2020 14,691.00 30,000 Plum Boro PA Sch Dist SER B 4.00%, 09/15/2016 29,924.10 Total Bonds, Debentures & T -Bills $ 113,210.75 Miscellaneous 25% interest in Polecat Enterprises, a Pennsylvania limited partnership $ 32,410.00 Total Miscellaneous $ 32,410.00 Total Balance on Hand $ 174,797.17 SCHEDULE A II ~ e e IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO. 0499 of 2004 FIRST AND FINAL ACCOUNTING OF RUTH NORDENBERG, Executrix For ESTATE OF AARON NORDENBERG Date of Death: May 7, 2004 Date of Appointment: May 27, 2004 Date of First Complete Advertisement: June 18, 2004 Accounting for the period: May 7, 2004 to June 30, 2005 Purpose of Account: Ruth Nordenberg, Executrix, offers this account to acquaint interested parties with the transactions that have occurred. The account also indicates the proposed distribution of the Estate assets. It is important that the account be carefully examined. Requests for additional information, or questions, or objections, can be discussed with: Stanley A. Smith, Esquire Rhoads & Sinon LLP One South Market Square, 12th Floor P.O. Box 1146 Harrisburg, PA 17108-1146 (717) 233-5731 573J92.1 e e Estate of Aaron N ordenberg Summary of Account Page Receipts 2 $ 6,600.46 Receipts of Income 3 0.00 Net G~in on Sales or Other Dispositions 4 0.00 $ 6,600.46 Less Disbursements: 5 0.00 Balance Before Distributions $ 6,600.46 Less Distributions to Beneficiaries 6 6.600.46 Total Balance On Hand 7 $ 0.00 (1 ) e Estate of Aaron N ordenberg Receipts Tangible Personal Property 1998 Toyota Camry sedan Valued per Kelley Blue Book $ Total Tangible Personal Property Miscellaneous Credit Plus Collection Services Remittance of fees due decedent $ Reimbursement, Medcohealth II e Inventory Value 05/07/2004 6,285.00 $ 6,285.00 Inventory Value 05/07/2004 85.25 230.21 Total Miscellaneous Total Receipts of Principal (2) 315.46 $ 6,600.46 late of Aaron Nordenberg e Receipts of Income Total Income Received (3) $ , I 0.00 II e e Estate of Aaron N ordenberg Gains and Losses on Sales or Other Dispositions Net Gain Net Loss No Gain or Loss $ 0.00 (4) Date Paid Total Disbursements e Estate of Aaron Nordenberg Disbursements (5) e I' Amount Paid $ 0.00 e Estate of Aaron Nordenberg Distributions to Beneficiaries Pursuant to "Item 1" Under the Will, the following distribution was made to: Ruth Nordenberg 06/15/2004 1998 Toyota Camry sedan Valued per Kelley Blue Book $ 6,285.00 Pursuant to "Item 2" Under the Will, the following distributions were made to: The Aaron Nordenberg Revocable Trust 12/01/2004 Credit Plus Collection Services Remittance of fees due decedent $ 12/01/2004 Reimbursement, Medcoheal th e 85.25 230.21 Total Distributions (6) II Distribution Value $ 6,285.00 $ 315.46 6,600.46 e e Estate of Aaron N ordenberg Balance On Hand Inventory Value Total Balance on Hand (7) , I $ 0.00 I' e e AFFIDAVIT RUTH NORDENBERG, Executrix under the Will of AARON NORDENBERG, Deceased, hereby declares under oath that she has fully and faithfully discharged the duties of her office; that the foregoing First and Final Account is true and correct, and fully discloses all sig~ificant transactions occurring during the accounting period; that all known claims against the Estate have been paid in full; that, to her knowledge, there are no claims now outstanding against the Estate; that all taxes presently due from the Estate have been paid. Ruth Nord~ Sworn to and sUbscr~' ed before me this ~/L day of ~ , 2005. ~ /'< PUBLIC ~~ EXPIRES: ( SEAL) COMMONWEALTH OF PENNSYLVANIA Notarial Seal Yvonne R. Durham. Notary Public City Of Harrisburg, Dauphin County My CommisSion Elcpires Aug. 20. 2009 Member, Pennsylvania Association of Notaries II e e IN RE: ESTATE OF AARON NORD ENBERG : IN THE COURT OF COMMON PLEAS OF : CUMBERLAND COUNTY, PENNSYLVANIA : ORPHANS' COURT DIVISION : NO. 00499 of 2004 STATEMENT OF PROPOSED DISTRIBUTION The First and Final Account of Ruth Nordenberg, Executrix, filed in the above-captioned matter shows that all estate assets have been distributed and there is no balance on hand for distribution. Date: /1,/&// tJ-:S Ruth NOQxecUtriX 577251.1 J. 11 e e THE PATRIOT NEWS THE SUNDAY PATRIOT NEWS Proof of Publication Under Act No. 587, Approved May 16, 1929 Commonwealth of Pennsylvania, County of Dauphin} ss Joseph A. Dennison, being duly sworn according to law, deposes and says: That he is the Assistant Controller of The Patriot News Co., a corporation organized and existing under the laws ofthe Commonwealth of Pennsylvania, with its principal office and place of business at 812 to 818 Market Street, in the City of Harrisburg, County of Dauphin, State of Pennsylvania, owner and publisher of The Patriot- News and The Sunday Patriot-News newspapers of general circulation, printed and published at 812 to 818 Market Street, in the City, County and State aforesaid; that The Patriot-News and The Sunday Patriot-News were established March 4th, 1854, and September 18th, 1949, respectively, and all have been continuously published ever since; That the printed notice or publication which is securely attached hereto is exactly as printed and published in their regular daily and/or Sunday/ Metro editions which appeared on the 15th, 22nd and 29th day(s) of June 2004. That neither he nor said Company is interested in the subject matter of said printed notice or advertising, and that all of the allegations of this statement as to the time, place and character of publication are true; and That he has personal knowledge of the facts aforesaid and is duly authorized and empowered to verify this statement on behalf of The Patriot-News Co. aforesaid by virtue and pursuant to a resolution unanimously passed and adopted severally by the stockholders and board of directors of the said Company and subsequently duly recorded in the office for the Recording of Deeds in and for said County of Dauphin in i llaneous Book "M", Volume 14, Page 317. PUBLICATION COpy DUPLICATE NOTIC. LETTERS TESTAMENTARY have tM." Dranled to the UnMrllvne<l EXlcvtrlx of the Eltule 01 Aarofl H('(denbera. lot. o' "'- Town,hlp o' HClmpdltn, County 0' t:umber- land. P'MIYI'IrfI3n,a., who died on IMv 7. '2OCW. All penor, haYing C&olm. ooaln,t saId ellot. an r.Q",...led to mokeauc:h claims known to the urdeul.ned. ThaN penon,ln- debted.o tn. dcCI'CMnt or. 'Mue,t.d 10 make payment WI thQut delay to: Ruth N.rdlnt...-.., .xKutrlJ( no c.tonv Rood Com, HilI.. PA 17111 ORTO: ltonley A. 1m""" Wlllvlre R_ & 5'_ LLP AttwMy.etlAW One S. Martle. 'IIYC1r1 ".0. ...1146 H.rn........ itA !!"...l1U ~ RHOADS & SINON, LLP ATTN: YVONNER.DURHAM ONES. MARKET SQUARE P.O. BOX 1146 HARRISBURG, PA. 1146 Statement of Advertising Costs To THE PATRIOT-NEWS CO. For publishing the notice or publication attached hereto on the above stated dates 133.90 ... II e . PROOF OF PUBLICATION OF NOTICE IN CUMBERLAND LAW JOURNAL (Under Act No. 587, approved May 16, 1929), P. L.1784 STATE OF PENNSYLVANIA : ss. COUNTY OF CUMBERLAND : 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 Cumberland Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1952, 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 same as was printed in the regular editions and issues of the said Cumberland Law Journal on the following dates, VIZ: JUNE 18, 25, JULY 2,2004 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 subj,ect 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. 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RHOAnS & SINON LLP Yvonne R. Durham Phone (717) 231-6677 Fax (717) 232-1459 ydurham@rhoads-sinon.com FILE NO. 7032/03 December 6, 2005 Re: Estate of Aaron Nordenbere File No.: 00499 of 2004 Ms. Glenda Famer-Strasbaugh Register of Wills Cumberland County Courthouse 1 Courthouse Square Carlisle, P A 17013 Dear Ms. Farner-Strasbaugh: We enclose a Final Status Report for filing in the above captioned Estate. Please time stamp the enclosed copy of this letter and return it to us in the self-addressed envelope provided. Very truly yours, Paralegal Enclosures L <- - Cn C_' I I. 588261.1 Rhoads &: Sinon LLP . Attorneys at Law' Twelfth Floor' One South Market Square' P.O. Box 1146 Harrisburg. PA 17108-1146 . ph (717) 233-5731 . fx (717) 232-1459 . www.rhoads-sinon.com STATUS REPORT UNDER RULE 6.12 Name of Decedent: Aaron Nordenberg Date of Death: Mav 7,2004 Will No. 00499 of 2004 Admin. No. Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion ofthe administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes X No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: The Estate has been held open pending sale of real estate. It is anticipated that said real estate will be sold within the next year. 3. If the answer to No.1 is Yes, state the following: Yes X a. No Did the personal representative file a final account with the Court? b. representative's account is: The separate Orphans' Court No. (if any) for the personal c. parties in interest? Yes Did the personal representative state an account informally to the No d. Copies of receipts, releases, joinders and approvals of formal or :~~ accounts may be filed with the Clerk o~th..e...~ ~/ rr: attacbed to this Date: December 1 ,2005 (~ , Signature . Stanley A. Smith Name (please type or print) Rhoads & Sinon LLP PO Box 1146 Harrisburg, PAl 71 08-1146 Address 717-233-5731 Tel. No. Capacity:_Personal Representative ~ Counsel for personal representative l', C'~'; I i.____, C'~..i 588258.1 \J~