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HomeMy WebLinkAbout03-0884IN THE MATTER OF: THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST U/A Dated April 28, 1995 and AMENDMENT Dated November 19, 1999 IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION No. PETITION For Approval of First and Partial Account The petition of Community Trust Company, Trustee, as herein described (herein referred to as "Accountant" or "Trustee"), by and through its Attorneys, Gates, Halbruner & Hatch, P.C., respectfully represents the following: 1. The principal corporate office of the Accountant is 3907 Market Street, Camp Hill, Cumberland County, Pennsylvania 17011. 2. On April 28, 1995, Barbara E. Holran, as Settlor, signed and executed The Holran Family Charitable Remainder Unitrust U/A dated April 28, 1995 (herein referred to as the "Trust" or the "Trust Agreement"). A copy of the Trust Agreement is attached to the Accounting as Exhibit "A". 3. The Holran Family Charitable Remainder Unitrust U/A dated April 28, 1995 was amended by an Amendment to Trust dated November 19, 1999 (herein referred to as the "Amendment"). A copy of the Amendment to Trust is attached to the Accounting as Exhibit "B". 4. The Trust Agreement originally named Pennsylvania Fiduciary and Estate Services, Inc., as the Trustee. On October 1, 1998, by corporate conversion, Pennsylvania Fiduciary and Estate Services, Inc. was converted to Community Trust Company, a trust company regulated by the Pennsylvania Department of Banking. Community Trust Company is the successor-in-interest to Pennsylvania Fiduciary and Estate Services, Inc. 5. Article III, section A of the Trust provides, in pertinent part, that the Trustee must pay to Barbara E. Holran, as the Recipient, for her lifetime, a unitrust amount equal to the lesser of 6.50% of the net fair market value of the Trust or the Trust's net income. Upon the death of Barbara E. Holran, the unitrust amount is payable to Barbara Holran's husband, Bruce G. Holran, for the remainder of his lifetime. 6. Article VI of the Trust provides, in pertinent part, that upon the death of the Barbara E. and Bruce G. Holran, the remaining principal of the Trust is distributed to various charitable organizations. The Amendment to Trust dated November 19, 1999 changed the charitable organization distributions. The list of revised charitable organizations and their respective percentages can be found in the Amendment to Trust attached to the Accounting as Exhibit "B". These have not been any subsequent changes to the list of charitable organizations. 7. It is respectfully brought to the Court's attention that as a result of an enhanced computerized fiduciary accounting system initiated by the Accountant Trustee on 01/01/1996, the Account submitted herewith includes PART I, covering the transaction information for the period 04/28/1995 through 12/31/1995, and PART II, covering the transaction information for the period 01/01/1996 through 09/30/2003. 8. Pursuant to ARTICLE X of the Trust Agreement, entitled "Governing Law and Construction of Trust," the situs of the Trust is Cumberland County, Pennsylvania. 2 9. No other court has heretofore taken jurisdiction of any matter relating to the Trust. 10. The Trust fund now before the court is not subject to the payment of Pennsylvania Inheritance Tax, and is not subject to payment of Pennsylvania Inheritance and/or Estate Tax. 11. An accounting of this Trust was not heretofore filed by the Accountant. 12. Accountant, Trustee, offers this Account for the purpose of seeking approval by the Court of prior transactions, expenses, distributions and disbursements. 13. The names, address, relationships and interests of all persons or entities having any interest in the Trust are as follows: (1) Barbara E. Holran, residing at 1919 Rockford Lane, Lancaster, Lancaster County, Pennsylvania 17601. Barbara E. Holran is the Settlor and lifetime beneficiary of the Trust (Recipient) having a present life estate in the Trust consisting of annual income and principal payments computed under ARTICLE III (A) of the Trust. Barbara E. Holran is not the subject of a guardian or committee of any type; and, (2) Bruce G. Holran, residing at 1919 Rockford Lane, Lancaster, Lancaster County, Pennsylvania 17601. Bruce G. Holran is the spouse of the Settlor and is named as the contingent lifetime beneficiary of the Trust (survivor Recipient) upon the death of Barbara E. Holran, if he should survive her. Bruce G. Holran is not the subject of a guardian or committee of any type; and, (3) The Commonwealth of Pennsylvania, Attorney General's Office, Department of Charitable Trusts and Organizations, with offices at the 14th Floor, Strawberry Square, Harrisburg, PA 17120, representing charitable organizations. Article VI of the Trust provides that the Donor, Barbara E. Holran, has the right and authority to designate certain charitable organizations to receive the remainder of the Trust principal at the death of the final unitrust Recipient. Furthermore, Article VI of the Trust provides that the Donor can change the charitable organizations, if the charities are designated as a temporary allocation ("Revocable Allocation"). All existing named charities are designated as a Revocable Allocation, and therefore, may be changed by the Donor. In fact, Recipient Charities were changed, and continue to be a Revocable Allocation, as designated by the Donor in the Amendment to Trust dated November 19, 1999. Since the charitable organizations are not fully vested, as irrevocable or Permanent Allocations, the Accountant is notifying the Commonwealth of Pennsylvania, Attorney General's Office, Department of Charitable Trusts and Organizations, rather than the individual charitable organizations. 14. All of the above-described parties having any interest in the Trust and any unpaid creditors of the Trust have had actual notice of the filing of the Account and this audit. 15. All disbursement and distributions to or on behalf of the Recipient, and payment of expenses incurred by the Trust were authorized by the Trust Agreement and approved by the Trustee. 16. No share of any party in interest has been assigned or attached. 17. The Accountant does not request that the Court approve and confirm a Statement of Proposed Distribution. 18. Your petitioner, therefore, asks that this Court approve and confirm all prior 4 transactions, expenses, distributions and disbursements paid fi.om the Trust as outlined in Parts I & II of the attached Account. COMMUNITY TRUST COMPANY, TRUSTEE: BY: Susan A. Russell, ~ Vice President & Trust Officer COMMONWEALTH OF PENNSYLVANIA · COUNTY OF CUMBERLAND · SS: The above named Petitioner/Accountant, being duly sworn, does depose and say that the facts set forth in the foregoing Petition which are within the personal knowledge of the Petitioner are tree, and as to the facts based on the information of others, the Petitioner, after diligent inquiry, believes them to be true. COMMUNITY TRUST COMPANY, TRUSTEE Vice President & Trust Officer SWORN TO and subscribed before me this ~day of October, 2003. l~t/ary Public Notarial SeaJ Ted L. Walker, Notay Pubr~c Lemoyne Bom, Cumberland County My Commission Expires Jan. 20, 2007 Member. Pennsylvania AssoclaOon Of No~a~es 5 U~I'I/.klN'b UUU~'f ~V±~U~ NO: IN THE MATTER OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST U/A Dated April 28,1995 and AMENDMENT TO' TRUST Dated · November 19, 1999 PETITION AND ORDER LAW OFFICES OF G~HALBRONER &-HATCH, P.C. 1013 MUMMA ROAD. SUITE 100. LEMOYNE. PENNSYLVANIA 17043 IN THE MATTER OF: THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST U/A Dated April 28, 1995 and AMENDMENT Dated November 19, 1999 IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION No. NOTICE OF AUDIT To the following beneficiaries and interested parties of The Holran Family Charitable Remainder Unitrust U/A dated April 28, 1995, and a certain Amendment to Trust dated November 19, 1999:' Barbara E. Holran 1919 Rockford Lane Lancaster, PA 17601 Bruce G. Holran 1919 Rockford Lane Lancaster, PA 17601 Commonwealth of Pennsylvania Attorney General's Office Charitable Trusts and Organization 14th Floor, Strawberry Square Harrisburg, PA 17120 NOTICE is hereby given that the First and Partial Account of Community Trust Company, Trustee of The Holran Family Charitable Remainder Unitrust U/A dated April 28, 1995, and Amendment to Trust dated November 19, 1995, and the corresponding Petition for Approval of First and Partial Account, have been filed in the Office of the Clerk of the Orphans' Court division of the Court of Common Pleas of Cumberland County, Pennsylvania, on or before October 24, 2003, and that the clerk will present the same to the Court for confirmation and audit on November 25, 2003, at 9:00 a.m. Any person who objects to the transactions shown in the Account and Petition must file written objections with the Clerk on or before November 25, 2003, at 9:00 a.m., or the Court may otherwise assume that no objections exist or that any objections have been waived. A copy of the First and Partial Account of the Trustee; and the Trust Agreement and Amendment to Trust, and the Petition for Approval of First and Partial Account are enclosed herewith. If you have questions concerning the enclosed documents, please contact the undersigned. GATES, HAL ER ~ HATCH, P.C. By:~~ Lowell R/. Gates, Esqu'i're PA I.D./#46779 1013 M/umma Road, Suite 100 Lemoyfie, PA 17043 Counsel for the Trustee Date: October_~, 2003 CUMBERLAND COUNTY, PENNSYLVANIA ORPHAN'S COURT DIVISION NO: IN THE MATTER OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST UfA Dated April 28, 1995 and AMENDMENT TO TRUST Dated November 19, 1999 NOTICE OF AUDIT LAW OFFICES OF GA-~, HALBRUNER ~s~- HATCH, P.C~ 1013 MUMMA ROAD. SUITE 100 LEMOYNE PENNSYLVANIA 17043 IN THE MATTER OF: THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST U/A Dated April 28, 1995 and AMENDMENT Dated November 19, 1999 IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION CERTIFICATION OF NOTICE OF FIRST AND PARTIAl, ACCOUNT To The Clerk, Cumberland County Orphans' Court Division: In accordance with C.C.O.C.R. 6.3-1, I hereby certify that I gave written notice of the time of presentation of the First and Partial Account and Petition for Approval filed by Community Trust Company, Trustee of the above-captioned Trust, together with a copy of said Account and Petition at least twenty days prior to Tuesday, November 25, 2003, which is the date fixed for confirmation of said Account by certified mail to every person known to Community Trust Company, Trustee, to have an interest in the trust as beneficiary, creditor, heir or next of kin. The name and address of each such person is set forth on Exhibit "A" which is attached hereto and incorporated herein by reference. G~ER & HATCH, P.C. B : ,.[/[/x,...~ ~ Lowell 1~. Gates, ~sq~ire PA I.D/#46779 1013 l~lumma Road, Suite 100 Lemo/qne, PA 17043 (717) 731-9600 (Attorneys for Community Trust Company Trustee) DATED: October ~-~, 2003 EXHIBIT "A" Barbara E. Holran 1919 Rockford Lane Lancaster, PA 17601 Bruce G. Holran 1919 Rockford Lane Lancaster, PA 17601 Commonwealth of Pennsylvania Attomey General's Office Charitable Trusts and Organization 14th Floor, Strawberry Square Harrisburg, PA 17120 NO: IN THE MATTER OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST U/A Dated April 28, and AMENDMENT TO TRUST Dated November 19, 1999 199 CERTIFICATION LAW OFFICES OF G~ HALBRUNER fist- HATCH, P.C. 1013 MUMMA ROAD. SUITE 100 LEMOYNE, PENNSYLVANIA 17043 LOWELL R. GATES Also Admitted to Massachusetts Bar MARK E, HALBRUNER Also Admitted to New Jersey Bar CRAIG A HATCH CORY J. SNOOK ALBERT N. PETERLIN Also Admitted to Maryland Bar STACEY L. NACE Paralegal/Office Manager TRACI L. SEPKOVIC Paralegal VALERIE LONG Paralegal LAW OFFICES OF GATES HALBRUNER &-HATCH P.C. 1013 MUMMA ROAD · SUITE 100 ° LEMOYNE, PENNSYLVANIA 17043 (717) 731-9600 ° FAX: (717) 731-9627 November 25, 2003 BRANCH OFFICES: 3 WEST MONUMENT SQUARE, SUITE 304 LEWISTOWN, PA 17044 (717) 248-6909 2917 NORTH FRONT STREET, SUITE 302 HARRISBURG, PA 17110 (717) 731-9600 WEB SITE: www. GatesLawFirm.com CORRESPONDENCE ADDRESS: Lemoyne Office Cumberland County Courthouse Register of Wills One Courthouse Square Carlisle, PA 17013 Re'. The Holran Family Charitable Remainder Unitrust First and Partial Account - Audit Date: 11/25/2003 Dear Sir/Madam: With further reference to the above matter, enclosed please find a copy of a letter dated November 17, 2003, from Deputy Attomey General John L. Downing with the Office of the Attorney General. By Mr. Downing's letter, we are advised that the Attorney General's Office has no objections to the First and Partial Account. Thank you for your assistance with this ma~q'. Sin,/er~y,/ I ,//~ L( well R. Gates LRG:vl Enclosure cc: Susan A. Russell, Senior Vice President & COO Community Trust Company (with copy of enclosure) John L. Downing, Deputy Attorney General Charitable Trusts and Organizations Section COMMONWEALTH OF PENNSYLVANIA OFFICE OF ATTORNEY GENERAL MIKE FISHER ATTORNEY GENERAL November 17, 2003 Charitable Trusts and Organizations Section 14th Fir., Strawberry Square Harrisburg, PA 17120 Telephone: (71 7) 787-131 7 Facsimile: (71 7) 787-1190 Lowell R. Gates, Esquire 1013 Mumma Road Suite 100 Lemoyne, PA 1 7043 Re: The Holran Family Charitable Remainder Unitrust/Emp. ID. No 39-6484343 Dear Mr. Gates: This will acknowledge receipt of your notice pursuant to Supreme Court Orphans' Court Rule 5.5 regarding the above-captioned matter. I have reviewed the First and Partial Account prepared by Community Trust Company, as Trustee of the Holran Family Charitable Remainder Unitrust, and have no objection. At your earliest convenience, kindly forward an executed copy of the decree. Please be advised that this review was conducted pursuant to the parens patriae function of this office and has no bearing on any matter unrelated thereto.. Very truly yours, ////John L. Downing ~/ Deputy Attorney General J LD/srh COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION FIRST AND PARTIAL ACCOUNT of COMMUNITY TRUST COMPANY, TRUSTEE for THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST Dated April 28, 1995 with Amendment to Trust dated November 19, 1999 DATE OF TRUSTEE'S APPOINTMENT: April 28, 1995 DATE OF TRUST AMENDMENT · November 19, 1999 ORIGINAL FUNDING OF TRUST: April 28, 1995 ACCOUNTING FOR THE PERIOD: April 28, 1995 -to- September 30, 2003 Purpose of Account: Community Trust Company, Trustee, offers this Account for the purpose of seeking approval by the Court of prior transactions, expenses, distributions and disbursements. Important Notice: It is important that the Account be care~examined. Requests for additional information, or questions, or objections, can be ~scu~/sed with or presented to the undersigned. LowelJ/R. Gates, E-Ig'~ire SgAP~Y~t I2B~4R677UN~R & HAICH, P.C. 1013 Mumma Road, Suite 100 Lemoyne, PA 17043 Phone: (717) 731-9600 Fax: (717) 731-9627 Dated: October 23, 2003 THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST FIRST AND PARTIAL ACCOUNT PART I Covering the Period 04/28/1995 through 12/31/1995 SUMMARY OF ACCOUNT Holran Charitable Remainder Unitrust For Period 04/28/95 Through 12/31/95 Principal Receipts Net Gain (or Loss) on Sales or Other Dispositions Other Receipts of Income Less Disbursements Balance before Distributions Distributions to Beneficiaries Principal Balance on Hand Income Receipts Less Disbursements Balance before Distributions Distributions to Beneficiaries Income Balance on Hand Combined Balance on Hand Page Fiduciary Acquisition Value $876,000.00 0.00 0.00 $876,000.00 0.00 $876,000.00 0.00 $876,000.00 $ 0.00 0.00 $ 0.00 0.00 $ o.oo $876,000.00 RECEIPTS OF PRINCIPAL Holran Charitable Remainder Unitrust As of 12/31/95 Page 1 Assets Listed in Inventory (Valued as of date received) Other Real Property 141.7 Acres Speedwell Forge/Oak Lne TOTAL INVENTORY Fiduciary Acquisition Value $876,000.00 $876,000.00 PRINCIPAL BALANCE ON HAND Holran Charitable Remainder Unitrust As of 12/31/95 Page 2 Other Real Property 141.7 Acres Speedwell Forge/Oak Lne PRINCIPAL BALANCE ON HAND Current Value $876,000.00 $876,000.00 Carrying Value $876,000.00 $876,000.00 THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST FIRST AND PARTIAL ACCOUNT PART II Covering the Period 01/01/1996 through 09/30/2003 SUMMARY OF ACCOUNT The Holran Family Charitable Irrevoc&ble Trust for Period January 1, 1996 TO September 30, 2003 II. Report of Assets Beginning Balance - Income Cash Insurance Annuity Payments 2-3 Asset Sales and Transfers 3-11 Dividends Received 11 Interest Received 11-13 TOTAL INCOME CASH RECEIPTS Asset Purchases from Income 13-18 Fees Paid - General 18-21 Income Distributions 22 TOTAL INCOME CASH DISBURSEMENTS ENDING BALANCE - INCOME CASH Beginning Balance - Principal Cash Contributions Received 24 Asset Sales and Transfers 24-25 Miscellaneous Receipts 25 TOTAL PRINCIPAL CASH RECEIPTS PAGE 1 209,760.00 204,023.63 5.21 916.82 -204,532.05 - 49,899.09 -160,272.25 55.52 2,033,543.65 20,000.00 $ 0.00 414,705.66 -414,703.39 $ 2.27 $ o.oo 2,053,599.17 Taxes 25 - 55.52 Asset Purchases & Transfers 25-26 -2,044,345.34 Fees 26-27 - 9,198.31 TOTAL PRINCIPAL CASH DISBURSEMENTS ENDING BALANCE - PRINCIPAL CASH -2,053,599.17 $ 0.00 Non-Cash Transfers In 28 Units Adjustment 28 Book Value Adjustments 28 TOTAL NON-CASH INCREASES 0.00 0.00 32,619.56 $ 32,619.56 -A- III. Beginning Balance - Assets at Book Value Assets Purchased Total Asset Increases 2,248,877.39 Assets Sold Assets Distributed Book Value Adjustments Total Asset Decreases - 2,458,254.23 32,619.56 ENDING BALANCE - ASSETS $ 876,000.00 $ 2,248,877.39 -$2,425,634.67 $ 699,242.72 -B- REPORT OF ASSETS COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 AS OF 09/30/2003 BAN K ACCOUNTS DEMAND DEPOSITS - OTHER BANKS 1. COMMERCE BANK MONEY MARKET FUNDS 2. FEDERATED GOV'T OBLIGATIONS FD #395 Market Value Units Price 09~30/2003 Book Value TOTAL BANK ACCOUNTS 12 1.0000 11.60 11.60 14,220 1.0000 14,220.35 14,220.35 MISCELLANEOUS OTHER INVESTMENTS 3. AMERICAN SKANDIA AN N UlT¥ #000563092 TOTAL MISCELLANEOUS 14,231.95 14,231.95 PAGE 1 652,002.3300 652,002.33 685,010.77 652,002.33 685,010.77 TOTAL CASH: 2.27 TOTAL INVESTMENTS INCOME CASH ON HAND PRINCIPAL CASH ON HAND TOTAL ASSETS 666,234.28 2.27 0.00 666,236.55 699,242.72 2.27 0.00 699,244.99 REPORT OF ASSETS COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04128195 ACCOUNT 2130102 AS OF 09/30/2003 BANK ACCOUNTS DEMAND DEPOSITS - OTHER BANKS 1. COMMERCE BANK MONEY MARKET FUNDS 2. FEDERATED GOV'T OBLIGATIONS FD #395 Market Value Units Price 09/30/2003 Book Value TOTAL BANK ACCOUNTS 12 1.0000 11.60 11.60 14,220 1.0000 14,220.35 14,220.35 MISCELLANEOUS OTHER INVESTMENTS 3. AMERICAN SKANDIA ANNUITY #000563092 TOTAL MISCELLANEOUS 14,231.95 14,231.95 PAGE 1 652,002.3300 652,002.33 685,010.77 652,002.33 685,010.77 TOTALINVESTMENTS INCOME CASH ON HAND PRINCIPAL CASH ON HAND TOTAL ASSETS 666,234.28 2.27 0.00 666,236.55 699,242.72 2.27 0.00 699,244.99 TOTAL CASH: 2.27 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 2 BEGINNING BALANCE INCOME CASH RECEIPTS 1. INSURANCE ANNUITY PAYMENTS Withdrawal from Annuity PROVIDENT MUTUAL LIFE & ANNUITY CO. 11/22/1996 020426988 12/24/1996 INTEREST EARNED ON PM ANNUITY 020426988 01/24/1997 02/24/1997 03/25/1997 04/25/1997 05/22/1997 06/24/1997 07/24/1997 08/25/1997 09/25/1997 10/24/1997 11/25/1997 12/30/1997 01/27/1998 02/24/1998 03/24/1998 04/27/1998 05/27/1998 06/16/1998 08/25/1998 02/19/1999 11/30/1999 01/05/2000 03/20/2000 04/25/2000 05/26/2000 06/23/2000 07/19/2000 08/21/2000 INTEREST EARNED ON PM ANNUITY 0204269880 INTEREST EARNED ON PM ANNUITY 020426988-0 INTEREST EARNED ON PM ANNUITY 0204269880 INTEREST EARNED ON PM ANNUITY 020426988-0 AN N U ITY #0204269880 PROVIDENT MUTUAL ANNUITY #0204269880 PROVIDENT MUTUAL 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 50,000.00 3,400.00 6,600.00 2,400.00 49,000.00 1,829.00 1,829.00 1,829.00 1,829.00 1,829.00 1,829.00 0.00 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 3 09/26/2000 10/24/2000 11/20/2000 12/19~2000 01/17/2001 AMERICAN SKANDIA ANNUITY #000563092 09/25/2002 Total Withdrawal from Annuity TOTAL INSURANCE ANNUITY PAYMENTS 2. ASSET SALES AND TRANSFERS Sale of an Income Asset FEDERATED GOV'T OBLIGATIONS FD #395 05/13/2003 Sold 572.64 units Purchased 05/01/2003 No gain or loss 06/11/2003 Sold 570.79 units Purchased 05/01/2003 No gain or loss 07/15/2O03 Sold 613.26 units Purchased 05/01/2003 No gain or loss COMMERCE BANK 10/17/1996 Sold 162.93 units Purchased 10/02/1996 No gain or loss 01/15/1997 Sold 10.3 units Purchased 12/24/1996 No gain or loss 02/06/1997 Sold .01 units Purchased 01/08/1997 No gain or loss 1,829.00 1,829.00 1,829.00 1,829.00 62,000.00 7,620.00 209,760.00 572.64 570.79 613.26 162.93 10.30 .01 2O9,760.0O REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 4 02/06/1997 04/10/1997 04/10/1997 05/12/1997 06/09/1997 07/08/1997 07/09/1997 08/12/1997 09/11/1997 09/25/1997 10/10/1997 Sold 81,94 units Purchased 01/24/1997 No gain or loss Sold .07 units Purchased 02/08/1997 No gain or loss Sold 204.26 units Purchased 03/25/1997 No gain or loss Sold 268.28 units Purchased 04/25/1997 No gain or loss Sold 338.56 units Purchased 05/08/1997 No gain or loss Sold .35 units Purchased 07/08/1997 No gain or loss Sold 388.4 units Purchased 06/08/1997 No gain or loss Sold 417.8 Purchased No gain or units 07/24/1997 loss Sold 440.67 units Purchased 08/25/1997 No gain or loss Sold 89.3 units Purchased 09/25/1997 No gain or loss Sold 461.08 units Purchased 09/25/1997 No gain or loss 81.94 .07 204.26 268.28 338.56 .35 388.40 417.80 440.67 89.30 461.08 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 5 11/12/1997 Sold 475.57 units Purchased 10/24/1997 No gain or loss 12/10/1997 Sold 486.95 units Purchased 11/25/1997 No gain or loss 01/08/1998 Sold 510.07 units Purchased 12/30/1997 No gain or loss 02/06/1998 Sold 533.82 units Purchased on multiple dates No gain or loss 03/05/1998 Sold 547.48 units Purchased on multiple dates No gain or loss 04/10/1998 Sold 553.19 units Purchased on multiple dates No gain or loss 05/11/1998 Sold 538.11 units Purchased 04/27/1998 No gain or loss 06/08/1998 Sold 520.11 units Purchased 05/27/1998 No gain or loss 06/17/1998 Sold 50,000 units Purchased 06/16/1998 No gain or loss 08/25/1998 Sold 538.95 units Purchased 08/25/1998 No gain or loss 09/17/1998 Sold 518.36 units Purchased 08/25/1998 No gain or loss 475.57 486.95 510.07 533.82 547.48 553.19 538.11 520.11 50,000.00 538.95 518.36 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 6 10/01/1998 11/10/1998 12/04/1998 12/31/1998 02/23/1999 03/05/1999 04/02/1999 05/12/1999 06/10/1999 07/14/1999 08/03/1999 Sold 518.1 units Purchased 08/25/1998 No gain or loss Sold 499.35 units Purchased 08/25/1998 No gain or loss Sold 499.1 units Purchased 08/25/1998 No gain or loss Sold 252.83 units Purchased 08/25/1998 No gain or loss Sold 826.47 units Purchased 02/19/1999 No gain or loss Sold 542.71 units Purchased 02/19/1999 No gain or loss Sold 535.76 units Purchased 02/19/1999 No gain or loss Sold 525.23 units Purchased 02/19/1999 No gain or loss Sold 524.97 units Purchased 02/19/1999 No gain or loss Sold 566.08 units Purchased 02/19/1999 No gain or loss Sold 565.8 units Purchased 02/19/1999 No gain or loss 518.10 499.35 499.10 252.83 826.47 542.71 535.76 525.23 524.97 566.08 565.80 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 7 09/02/1999 10/01/1999 11/09/1999 12/09/1999 12/10/1999 01/12/2000 01/12/2000 02/11/2000 03/15/2000 04/12/2000 05/15/2000 Sold 775.85 units Purchased 02/19/1999 No gain or loss Sold 775.21 units Purchased 02/19/1999 No gain or loss Sold 768.67 units Purchased 02/19/1999 No gain or loss Sold 1,828.12 units Purchased 07/06/1999 No gain or loss Sold 797.8 units Purchased 12/07/1999 No gain or loss Sold 798.06 units Purchased 12/31/1999 No gain or loss Sold 40,015 units Purchased 01/11/2000 No gain or loss Sold 782.78 units Purchased 01/11/2000 No gain or loss Sold 759.73 units Purchased 01/11/2000 No gain or loss Sold 790.16 units Purchased 01/11/2000 No gain or loss Sold 770.8 units Purchased 01/11/2000 No gain or loss 775.85 775.21 768.67 1,828.12 797.80 798.06 40,015.00 782.78 759.73 790.16 770.80 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 8 05/30/2000 06/08/2000 06/28/2000 07/12/2000 07/25/2000 08/14/2000 08/29/2000 09/11/2000 09/26/2000 10/12/2000 Sold 1,827.24 units Purchased 01/11/2000 No gain or loss Sold 770.16 units Purchased 01/11/2000 No gain or loss Sold 1,828.12 units Purchased 01/11/2000 No gain or loss BARBARA E. HOLRAN Sold 796.58 units Purchased 01/11/2000 No gain or loss Sold 1,828.12 units Purchased 05/26/2000 No gain or loss Sold 789.9 units Purchased 06/23/2000 No gain or loss Sold 1,828.12 units Purchased 06/23/2000 No gain or loss Sold 798.83 units Purchased 07/25/2000 No gain or loss Sold 1,828.12 units Purchased 07/25/2000 No gain or loss Sold 777.91 units Purchased 08/28/2000 No gain or loss 1,827.24 770.16 1,828.12 796.58 1,828.12 789.90 1,828.12 798.83 1,828.12 777.91 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 9 10/24/2000 11/08/2000 11/28/2000 12/27/2000 12/29/2000 01/18/2001 02/09/2001 03/13/2001 04/11/2001 05/09/2001 06/14/2001 Sold 1,828.12 units Purchased 09/26/2000 No gain or loss Sold 739.16 units Purchased 10/24/2000 No gain or loss Sold 1,828.12 units Purchased 10/24/2000 No gain or loss Sold 1,828.12 units Purchased 11/28/2000 No gain or loss Sold 476.01 units Purchased 12/27/2000 No gain or loss Sold 50,937.67 units Purchased 12/27/2000 No gain or loss Sold 654.88 units Purchased 01/17/2001 No gain or loss Sold 654.34 units Purchased 01/17/2001 No gain or loss Sold 653.8 units Purchased 01/17/2001 No gain or loss Sold 628.12 units Purchased 01/17/2001 No gain or loss Sold 627.6 units Purchased 01/17/2001 No gain or loss 1,828.12 739.16 1,828.12 1,828.12 476.01 5O,937.67 654.88 654.34 653.80 628.12 627.60 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 10 07/13/2001 08/10/2001 09/13/2001 10/11/2001 11/13/2001 12/14/2001 01/22/2002 03/01/2002 03/15/2002 04/11/2002 04/17/2OO2 Sold 627.08 units Purchased 01/17/2001 No gain or loss Sold 634.76 units Purchased 01/17/2001 No gain or loss Sold 634.24 units Purchased 01/17/2001 No gain or loss Sold 633.71 units Purchased 01/17/2001 No gain or loss Sold 564.67 units Purchased 01/17/2001 No gain or loss Sold 564.2 units Purchased 01/17/2001 No gain or loss Sold 584.56 units Purchased 01/17/2001 No gain or loss Sold 633.07 units Purchased 01/17/2001 No gain or loss Sold 125 units Purchased 01/17/2001 No gain or loss Sold 608.58 units Purchased 01/17/2001 No gain or loss Sold 140 units Purchased 01/17/2001 No gain or loss 627.08 634.76 634.24 633.71 564.67 564.20 584.56 633.07 125.00 608.58 140.00 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 11 05/15/2002 06/18/2002 07/22/2002 10/02/2002 10/15/2002 11/13/2002 12/16/2002 01/15/2003 02/14/2003 03/13/2003 04/11/2003 Sold 635.08 units Purchased 01/17/2001 No gain or loss Sold 634.56 units Purchased 01/17/2001 No gain or loss Sold 634.03 units Purchased 01/17/2001 No gain or loss Sold 1,267 units Purchased 01/17/2001 No gain or loss Sold 563.17 units Purchased 10/01/2002 No gain or loss Sold 562.7 units Purchased 10/01/2002 No gain or loss Sold 562.23 units Purchased 10/01/2002 No gain or loss Sold 579.08 units Purchased 10/01/2002 No gain or loss Sold 578.6 units Purchased 10/01/2002 No gain or loss Sold 578.12 units Purchased 10/01/2002 No gain or loss Sold 573.41 units Purchased 10/01/2002 No gain or loss 635.08 634.56 634.03 1,267.00 563.17 562.70 562.23 579.08 578.60 578.12 573.41 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 12 04/30/2003 O5/O 1/2003 06/11/2003 Sold 350 units Purchased 10/01/2002 No gain or loss Sold 2,263.54 units Purchased 10/01/2002 No gain or loss Sold 1.37 units Purchased 06/02/2003 No gain or loss 350.00 2,263.54 1.37 Total Sale of an Income Asset TOTAL ASSET SALES AND TRANSFERS 3. DIVIDENDS RECEIVED Dividend Receipt FEDERATED GOV'T OBLIGATIONS FD #395 05/31/2003 DIVIDEND OF 06/30/2003 DIVIDEND OF 07/31/2003 DIVIDEND OF 08/31/2003 DIVIDEND OF 09/30/2003 DIVIDEND OF Total Dividend Receipt TOTAL DIVIDENDS RECEIVED 4. INTEREST RECEIVED Interest Receipt COMMERCE BANK 09/09/1996 INTEREST EARNED ON PENNFES 10/09/1996 01/08/1997 02/08/1997 05/08/1997 06/08/1997 07/08/1997 ACCOUNT THROUGH 10/8/96 INTEREST EARNED THROUGH 1/8/97 THRU 02/08/97 06/09/97-07/08/97 204,023.63 1.37 .87 .43 .27 2.27 5.21 421.29 320.48 .01 .O7 .37 3.93 .35 204,023.63 5.21 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 13 07/31/1997 08/31/1997 09/30/1997 10/31/1997 11/30/1997 12/31/1997 01/31/1998 02/28/1998 03/31/1998 04/30/1998 05/31/1998 06/30/1998 08/31/1998 10/01/1998 10/31/1998 11/30/1998 12/31/1998 02/28/1999 03/31/1999 04/30/1999 05/31/1999 06/30/1999 07/31/1999 08/31/1999 09/30/1999 10/31/1999 11/30/1999 12/31/1999 01/31/2000 02/29/2000 03/31/2000 04/30/2000 05/31/2000 06/30/2000 07/31/2000 08/31/2000 09/30/2000 10/31/2000 11/30/2000 12/31/2000 01/31/2001 02/28/2001 03/31/2001 04/30/2001 9/1/97-9/30/97 .16 .45 .38 .45 .38 .34 .31 .30 .34 .36 .37 2.87 .82 3.16 1.53 1.01 .34 2.37 6.26 5.17 5.31 3.85 3.37 2.96 1.96 1.01 .41 .28 8.13 8.24 7.98 7.23 6.58 5.24 4.53 3.82 2.59 1.79 .75 .50 8.37 11.26 9.45 5.21 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 14 05/31/2001 06/30/2001 07/31/2001 08/31/2001 09/30/2001 10/31/2001 11/30/2001 12/31/2001 01/31/2002 02/28/2002 03/31/2002 04/30/2002 05/31/2002 06/30/2002 07/31/2002 08/31/2002 Total Interest Receipt TOTALINTEREST RECEIVED TOTAL INCOME CASH RECEIPTS 4.59 4.19 4.46 4.05 3.60 3.32 2.05 1.14 1.04 .85 .76 .60 .45 .41 .45 .17 916.82 916.82 414,705.66 INCOME CASH DISBURSEMENTS 5. ASSET PURCHASES FROM INCOME Purchase Asset from Income FEDERATED GOV'T OBLIGATIONS FD #395 05/01/2003 2,263.54 UNITS AT 1.00 COMMERCE BANK 09/09/1996 162.93 UNITS AT 1.00 PURCHASE 162.93 UNITS PENNFES ACCOUNT 12/24/1996 10.3 UNITS AT 1.00 01/08/1997 .01 UNITS AT 1.00 -2,263.54 -162.93 -10.30 -.01 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 15 01/24/1997 81.94 UNITS AT 1.00 81.94 UNITS @ 1.00 02/08/1997 .07 UNITS AT 1.00 03/25/1997 204.26 UNITS AT 1.00 04/25/1997 268.28 UNITS AT 1.00 05/08/1997 .37 UNITS AT 1.00 05/22/1997 338.19 UN ITS AT 1.00 06/08/1997 3.93 UNITS AT 1.00 06/24/1997 384.47 UNITS AT 1.00 07/08/1997 .35 UNITS AT 1.00 07/24/1997 417.64 UNITS AT 1.00 07/31/1997 .16 UNITS AT 1.00 08/25/1997 440.22 UNITS AT 1.00 08/31/1997 .45 UNITS AT 1.00 09/25/1997 550 UNITS AT 1.00 09/30/1997 .38 UNITS AT 1.00 10/24/1997 475.12 UNITS AT 1.00 10/31/1997 .45 UNITS AT 1.00 11/25/1997 486.57 UNITS AT 1.00 11/30/1997 1 UNITS AT .38 12/30/1997 509.73 UNITS AT 1.00 12/31/1997 .34 U N ITS AT 1.00 -81.94 -.07 -204.26 -268.28 -.37 -338.19 -3.93 -384.47 -.35 -417.64 -.16 -440.22 -.45 -550.00 -.38 -475.12 -.45 -486.57 -.38 -509.73 -.34 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 01/27/1998 533.54 UNITS AT 1.00 .01/31/1998 .31 UNITS AT 1.00 02/24/1998 550 UNITS AT 1.00 02/28/1998 .3 UNITS AT 1.00 03/24/1998 550 UNITS AT 1.00 03/31/1998 .34 UNITS AT 1.00 04/27/1998 537.75 UNITS AT 1.00 04/30/1998 .36 UNITS AT 1.00 05/27/1998 519.74 UNITS AT 1.00 05/31/1998 .37 UNITS AT 1.00 06/16/1998 50,000 UNITS AT 1.00 08/25/1998 2,820.17 UNITS AT 1.00 08/31/1998 .82 UNITS AT 1.00 02/19/1999 6,600 UNITS AT 1.00 12/07/1999 2,400 UNITS AT 1.00 01/11/2000 49,000 UNITS AT 1.00 03/28/2000 .88 UNITS AT 1.00 05/26/2000 1,829 UNITS AT 1.00 06/23/2000 1,829 UNITS AT 1.00 07/25/2000 1,829 UNITS AT 1.00 08/28/2000 1,829 UNITS AT 1.00 09/26/2000 1,829 UNITS AT 1.00 -533.54 -.31 -550.00 -.30 -550.00 -.34 -537.75 -.36 -519.74 -.37 -50,000.00 -2,820.17 -.82 -6,600.00 -2,400.00 -49,000.00 -.88 -1,829.00 -1,829.00 -1,829.00 -1,829.00 -1,829.00 PAGE 16 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 17 10/24/2000 1,829 UNITS AT 1.00 11/28/2000 1,829 UNITS AT 1.00 12/27/2000 1,829 UNITS AT 1.00 01/10/2001 62,000 UNITS AT 1.00 10/01/2002 7,620 UNITS AT 1.00 06/02/2003 1.37 UNITS AT 1.00 07/01/2003 .87 UNITS AT 1.00 08/01/2003 .43 UNITS AT 1.00 09/02/2003 .27 UNITS AT 1.00 -1,829.00 -1,829.00 -1,829.00 -62,000.00 -7,620.00 -1.37 -.87 -.43 -.27 Total Purchase Asset from Income Interest Reinvestment COMMERCE BANK 10/01/1998 10/31/1998 11/30/1998 -204,369.60 -3.16 -1.53 -1.01 Total Interest Reinvestment Cash Management Purchase COMMERCE BANK 02/28/1999 03/31/1999 04/30/1999 05/31/1999 06/30/1999 -5.70 -2.37 -6.26 -5.17 -5.31 -3.85 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 18 07/31/1999 08/31/1999 09/30/1999 10/31/1999 11/30/1999 12/31/1999 01/31/2000 02/29/2000 03/31/2000 04/30/2000 05/31/2000 06/30/2000 07/31/2000 08/31/2000 09/30/2000 10/31/2000 11/30/2000 12/31/2000 01/31/2001 02/28/2001 03/31/2001 04/30/2001 -3.37 -2.96 -1.96 -1.01 -.41 -.28 -8.13 -8.24 -7.98 -7.23 -6.58 -5.24 -4.53 -3.82 -2.59 -1.79 -.75 -.50 -8.37 -11.26 -9.45 -5.21 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 19 05/31/2001 06/30/2001 07/31/2001 08/31/2001 09/30/2001 10/31/2001 11/30/2001 12/31/2001 01/31/2002 02/28/2002 03/31/2002 04/30/2002 05/31/2002 06/30/2002 07/31/2002 08/31/2002 -4.59 -4.19 -4.46 -4.05 -3.60 -3.32 -2.05 -1.14 -1.04 -.85 -.76 -.60 -.45 -.41 -.45 -.17 Total Cash Management Purchase TOTAL ASSET PURCHASES FROM INCOME FEES PAID - GENERAL Wire Transfer Fee 01/12/2000 Total Wire Transfer Fee -156.75 -15.00 -15.00 -204,532.05 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 20 Fiduciary Tax Prep Fee 04/17/2002 PREPARATION OF FIDUCIARY INCOME TAX RETURNS 04/30/2003 Total Fiduciary Tax Prep Fee Trustee Fees - Regular 09/13/1996 TRUSTEES FEE FOR 8/96 BASED ON MKT VAL 683432.97 10/15/1996 11/11/1996 12/10/1996 01/09/1997 02/06/1997 03/11/1997 04/10/1997 05/12/1997 06/09/1997 07/09/1997 08/12/1997 09/11/1997 10/10/1997 11/12/1997 12/10/1997 01/08/1998 02/06/1998 03/05/1998 04/10/1998 05/11/1998 06/08/1998 07/08/1998 08/25/1998 09/17/1998 10/01/1998 11/10/1998 12/04/1998 12/31/1998 12/97 JANUARY 1998 JUNE TRUSTEE FEE JULY TRUSTEE FEE FOR 1 MONTH(S) ENDING 08/31/98 For 1 month(s) ending 09/30/98 FOR 1 MONTH(S) ENDING 10/31/98 FOR 1 MONTH(S) ENDING 11/30/98 PARTIAL FEE FOR 1 MONTH(S) ENDING 12/31/98 -140.00 -350.00 -490.00 -258.36 -465.34 -466.49 -478.35 -478.36 -485.64 -492.05 -486.05 -480.09 -504.09 -521.11 -527.58 -529.97 -535.96 -539.00 -527.22 -526.53 -533.82 -547.48 -565.44 -568.37 -563.59 -539.22 -538.95 -518.36 -518.10 -499.35 -499.10 -253.17 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 21 02/23/1999 02/23/1999 03/05/1999 04/02/1999 05/12/1999 06/10/1999 07/14/1999 08/03/1999 09/02/1999 10/01/1999 11/09/1999 12/10/1999 01/12/2000 01/12/2000 02/11/2000 03/15/2000 04/12/2000 05/15/2000 06/08/2000 07/12/2000 08/14/2000 FOR 1 MONTH(S) ENDING -539.82 01/31/99 FOR 1 MONTH(S) ENDING -286.65 12/31/98 REMAINING BALANCE OF FEE FOR 1 MONTH(S) ENDING -542.71 02/28/99 FOR 1 MONTH(S) ENDING -535.76 03/31/99 FOR 1 MONTH(S) ENDING -525.23 04/30/99 FOR 1 MONTH(S) ENDING -524.97 05/31/99 FOR 1 MONTH(S) ENDING -566.08 06/30/99 FOR 1 MONTH(S) ENDING -565.80 07/31/99 FOR 1 MONTH(S) ENDING -775.85 08/31/99 FOR 1 MONTH(S) ENDING -775.21 09/30/99 FOR 1 MONTH(S) ENDING -768.67 10/31/99 FOR 1 MONTH(S) ENDING -797.80 11/30/99 PARTIAL FEE OF $799.02 FOR 1 MONTH(S) ENDING -796.84 12/31/99 FOR I MONTH(S) ENDING -1.22 11/30/99 FOR 1 MONTH(S) ENDING -782.78 01/31/00 FOR 1 MONTH(S) ENDING -759.73 02/29/00 FOR 1 MONTH(S) ENDING -790.16 03/31/00 FOR 1 MONTH(S) ENDING -770.80 04/30/00 FOR 1 MONTH(S) ENDING -770.16 05/31/00 FOR 1 MONTH(S) ENDING -796.58 06/30/00 FOR 1 MONTH(S) ENDING -789.90 07/31/00 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 22 09/11/2000 10/12~2000 11/08/2000 12~29~2O00 01/18/2001 01/18/2001 02/09/2001 03/13/2001 04/11/2001 05/09/2001 06/14/2001 07/13/2001 08/10/2001 09/13/2001 10/11/2001 11/13/2001 12/14/2001 01/22/2002 03/01/2002 03/15/2002 04/11/2002 FOR 1 MONTH(S) ENDING -798.83 08~31/00 FOR 1 MONTH(S) ENDING -777.91 09/30/00 FOR 1 MONTH(S) ENDING -739.16 10/31/00 PARTIAL TRUSTEE FEE FOR 1 -476.01 MONTH(S) ENDING 11/30/00 BALANCE OF TRUSTEE FEE FOR 1 -239.47 MONTH(S) ENDING 11/30/00 FOR 1 MONTH(S) ENDING -698.20 12/31/00 FOR 1 MONTH(S) ENDING -654.88 01/31/01 FOR 1 MONTH(S) ENDING -654.34 02/28/01 FOR 1 MONTH(S) ENDING -653.80 03/31/01 FOR 1 MONTH(S) ENDING -628.12 04/30/01 FOR 1 MONTH(S) ENDING -627.60 05/31/01 FOR 1 MONTH(S) ENDING -627.08 06/30/01 FOR 1 MONTH(S) ENDING -634.76 07/31/01 FOR 1 MONTH(S) ENDING -634.24 08/31/01 FOR 1 MONTH(S) ENDING -633.71 09/30/01 FOR 1 MONTH(S) ENDING -564.67 10/31/01 FOR 1 MONTH(S) ENDING -564.20 11/30/01 FOR 1 MONTH(S) ENDING -584.56 12/31/01 FOR 1 MONTH(S) ENDING -633.07 01/31/02 FOR 1 MONTH(S) ENDING -125.00 02/28/02 FOR 1 MONTH(S) ENDING -608.58 03/31/02 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 23 05/15/2002 06/18/2002 07/22/2002 08/14/2002 09/11/2002 10/15/2002 11/13/2002 12/16/2002 01/15/2003 02/14/2003 03/13/2003 04/11/2003 05/13/2003 06/11/2003 07/14/2003 FOR 1 MONTH(S) ENDING 04~30/02 FOR 1 MONTH(S) ENDING 05/31/02 FOR 1 MONTH(S) ENDING 06/30/02 FOR 1 MONTH(S) ENDING 07/31/02 FOR 1 MONTH(S) ENDING 08/31/02 FOR 1 MONTH(S) ENDING 09/30/02 FOR 1 MONTH(S) ENDING 10/31/02 FOR 1 MONTH(S) ENDING 11/30/02 FOR 1 MONTH(S) ENDING 12/31/02 FOR 1 MONTH(S) ENDING 01/31/03 FOR 1 MONTH(S) ENDING 02/28/03 FOR 1 MONTH(S) ENDING 03/31/03 FOR 1 MONTH(S) ENDING 04/30/03 FOR 1 MONTH(S) ENDING 05/31/03 FOR 1 MONTH(S) ENDING 06/30/03 Total Trustee Fees - Regular TOTAL FEES Paid - GENERAL 7. INCOME DISTRIBUTIONS Income Distribution 06/17/1998 WIRE TO BARBARA HOLRAN AT FARMERS FIRST BK, LITITZ Check # WIRE 12/09/1999 PAID TO BARBARA HOLRAN INCOME DISTRIBUTION -635.08 -634.56 -634.03 -633.50 -633.50 -563.17 -562.70 -562.23 -579.08 -578.60 -578.12 -573.41 -572.64 -572.16 -613.26 -49,394.09 -50,000.00 -1,828.12 -49,899.09 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 24 01/12/2000 PAID TO BARBARA E. HOLRAN WIRE TO FARMERS FIRST BANK, LITITZ, PA 01/18/2001 PAY TO BARBARA E. HOLRAN WIRE TO FARMERS FIRST BANK, LITITZ, PA 01/18/2001 PAY TO BARBARA E. HOLRAN Total Income Distribution Monthly Income Distribution 10/17/1996 BARBARA HOLRAN 03/28/2000 04/25/2000 05/30/2000 06/28/2000 07/25/2000 08/29/2000 09/26/2000 10/24/2000 11/28/2000 12/27/2000 Check # 1367 PAY TO BARBARA HOLRAN; INCOME DISTRIBUTION PAY TO BARBARA HOLRAN; INCOME DISTRIBUTION PAY TO BARBARA HOLRAN; INCOME DISTRIBUTION PAY TO BARBARA HOLRAN; INCOME DISTRIBUTION PAY TO BARBARA HOLRAN; INCOME DISTRIBUTION PAY TO BARBARA HOLRAN; INCOME DISTRIBUTION PAY TO BARBARA HOLRAN; INCOME DISTRIBUTION PAY TO BARBARA HOLRAN; INCOME DISTRIBUTION PAY TO BARBARA HOLRAN; INCOME DISTRIBUTION PAY TO BARBARA HOLRAN; INCOME DISTRIBUTION Total Monthly Income Distribution TOTAL INCOME DISTRIBUTIONS -40,000.00 -40,000.00 -10,000.00 -141,828.12 -162.93 -1,828.12 -1,829.00 -1,827.24 -1,828.12 -1,828.12 -1,828.12 -1,828.12 -1,828.12 -1,828.12 -1,828.12 -18,444.13 -160,272.25 TOTAL INCOME CASH DISBURSEMENTS -414,703.39 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 25 INCOME CASH BALANCE 2.27 REPORT OF PRINCIPAL CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 26 BEGINNING BALANCE PRINCIPAL CASH RECEIPTS 1. CONTRIBUTIONS RECEIVED Contribution 04/01/1996 CASH RECEIPT OF CONT TO TRUST BRUCE/BARBARA HOLRAN Total Contribution TOTAL CONTRIBUTIONS RECEIVED 2. ASSET SALES AND TRANSFERS Proceeds from Sale of Asset PROVIDENT MUTUAL LIFE & ANNUITY CO. 02/08/2002 Sold 1 units Purchased 09/17/1996 Long-term loss of 28,119.92 1035 EXCHANGE TO AMERICAN SKANDIA ANNUITY FEDERATED GOV'T OBLIGATIONS FD #395 09/29/2003 Sold 286.5 units Purchased 09/23/2003 No gain or loss SPEEDWELL FORGE ROAD LANCASTER PA 08/30/1996 Sold 1 units Purchased 04/28/1995 Long-term loss of 192,567.03 PROCEEDS FROM SALE OF 141.7 ACRES SPEEDWELL FORGE ROAD, LANCASTER, LANCASTER COUNTY 55.52 55.52 652,391.21 286.50 683,432.97 0.00 55.52 COMMERCE BANK REPORT OF PRINCIPAL CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04128195 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 27 09/09/1996 09/17/1996 09/23/2003 Sold 2,921.84 units Purchased 08/30/1996 No gain or loss SELL 2921.84 UNITS PENNFES ACCOUNT Sold 680,511.13 units Purchased 08/30/1996 No gain or loss Sold 14,000 units Purchased 09/17/2003 No gain or loss 2,921.84 680,511.13 14,000.00 Total Proceeds from Sale of Asset TOTAL ASSET SALES AND TRANSFERS MISCELLANEOUS RECEIPTS Partial Annuity Surrender AMERICAN SKANDIA ANNUITY #000563092 09/16/2003 Total Partial Annuity Surrender TOTAL MISCELLANEOUS RECEIPTS 2,033,543.65 20,000.00 20,000.00 2,033,543.65 20,000.00 TOTAL PRINCIPAL CASH RECEIPTS 2,053,599.17 TAXES Taxes PRINCIPAL CASH DISBURSEMENTS 04/02/1996 HARRY WINK, TAX COLL. ELIZABETH TWP, R.E. TAX Check # 1013 -55.52 REPORT OF PRINCIPAL CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 28 Total Taxes TOTAL TAXES 5. ASSET PURCHASES AND TRANSFERS Purchase of an Asset PROVIDENT MUTUAL LIFE & ANNUITY CO. 09/17/1996 1 UNITS Check # 1317 PROVIDENT MUTUAL ANNUITY 0204269880 FEDERATED GOV'T OBLIGATIONS FD #395 09/23/2003 14,000 UNITS AT 1.00 AMERICAN SKANDIA ANNUITY #000563092 02/27/2002 1 UNITS 1035 EXCHANGE FROM PROVIDENT MUTUAL ANNUITY COMMERCE BANK 08/30/1996 683,432.97 UNITS AT 1.00 PURCHASE 683432.97 UNITS PENNFES ACCOUNT 09/17/2003 14,010.03 UNITS AT 1.00 -55.52 -680,511.13 -14,000.00 -652,391.21 -683,432.97 -14,010.03 -55.52 Total Purchase of an Asset TOTAL ASSET PURCHASES AND TRANSFERS FEES Trustee Fees 09/17/2003 FOR 1 MONTH(S) ENDING 07/31/03 09/17/2003 FOR 1 MONTH(S) ENDING 08/31/03 Total Trustee Fees -2,044,345.34 ~612.75 -612.75 -1,225.50 -2,044,345.34 REPORT OF PRINCIPAL CASH COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04/28/95 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09/30/2003 PAGE 29 Legal Fees 09/17/1996 09/17/2003 09~29/2003 Total Legal Fees TOTAL FEES LOWELL R. GATES, PC; LEGAL FEES REF cf4538 Check Cf 1316 GATES, HALBRUNER & HATCH, P.C. LEGAL SERVICES RENDERED BY ATTORNEY ALBERT PETERLIN WITH AMERICAN SKANDIA CONCERNING THE 1035 EXCHANGE OF THE NATIONWIDE ANNUITY HELD IN THE ACCOUNT Check # 010365 GATES, HALBRUNER & HATCH, P.C. LEGAL SERVICES RENDERED BY ATTORNEY ALBERT PETERLIN WITH AMERICAN SKANDIA CONCERNING THE 1035 EXCHANGE OF THE NATIONWIDE ANNUITY HELD IN THE ACCOUNT Check # 010415 TOTAL PRINCIPAL CASH DISBURSEMENTS -2,921.84 -4,764.47 -286.50 -7,972.81 -9,198.31 -2,053,599.17 0.00 PRINCIPAL CASH BALANCE REPORT OF NON-CASH ENTRIES COMMUNITY TRUST COMPANY TRUSTEE OF THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST, DATED: 04128195 ACCOUNT 2130102 FOR DATES 01/01/1995 TO 09~30~2003 PAGE 30 UNITS ADJUSTMENT Units Adjustment COMMERCE BANK 11/30/1997 -.62 U N ITS NON-CASH INCREASES 0.00 Total Units Adjustment TOTAL UNITS ADJUSTMENT 2. BOOK VALUE ADJUSTMENT Book Value Adjustment AMERICAN SKANDIA ANNUITY #000563092 02/15/2002 TRANSACTION TYPE: PURCHASE CREDIT MADE BY AMERICAN SKANDIA 02/15/2002 TRANSACTION TYPE: CREDIT CREDIT MADE BY AMERICAN SKANDIA Total Book Value Adjustment TOTAL BOOK VALUE ADJUSTMENT 0.00 26,095.65 6,523.91 32,619.56 0.00 32,619.56 TOTAL NON-CASH INCREASES 32,619.56 VERIFICATION On this 2gth day of October 2003, Susan A. Russell, Vice President and Trust Officer of Community Trust Company, Trustee of The Holran Family Charitable Remainder Unitrust U/A dated April 28, 1995 and Amendment thereto dated November ! 9, 1999, hereby declare under oath that said Trustee has fully and faithfully discharged the duties of its office~ that the foregoing First and Partial Account consisting of PART I and PART II totaling 43 pages, cover pages and exhibits is true and correct and fully discloses alt significant transactions occurring during the accounting period~ that all known claims against the Trust during the accounting period have been paid in full; that to its knowledge, as of September 30, 2003, there were no claims outstanding against the Trust; and that as of September 30, 2003, all taxes due fi-om the Trust were paid. Dated: October 24, 2003 SWORN TO before me this 24th day of October, 2003 Notary Public i Notarial Seal Victoda M. Rankin, Notary Public Lemoyne Bom, Cumberland Counly My Commission Expires Aug. 27, 2006 Member. Pennsylvania Association Of Notaries COMMUNITY TRUST COMPANY, TRUSTEE ) / By: Susan A. Russell, ~ice President and Trust Officer EXHIBITS The Holran Family Charitable Remainder Unitrust was established by Agreement of Trust dated April 28, 1995, and amended by an Amendment to Trust dated November 19, 1999 Following is a copy of the Agreement of Trust and Amendment to Trust EXHIBIT A THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST U/A Dated April 28, 1995 THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST ~ THIS TRUST AGREEMENT is executed in triplicate on this 28th day of April, 1995, by and between BARBARA E. HOLRAN, of ~919 Rockford Lane, Lancaster, Lancaster County, Pennsylvania 17601 (herein referred to as "Donor") and PENNSYLVANIA FIDUCIARY & ESTATE SERVICES, INC., a Pennsylvania corporation,, with its registered office at 600 North 12th Street, Suite 4, Lemoyne, Cumberland County, Pennsylvania 17043 (herein referred to as "Trustee"). WITNESSETH: WHEREAS, Donor desires to establish a charitable remainder unitrust within the meaning of Section 5 of the Internal Revenue Service, Revenue Procedure 90-31, 1990-25 I.R.B. 14, and Section 664(d) (2) of the Internal Revenue Code of 1986, as now in effect or as may hereafter be amended (the "Code"). NOW THEREFORE, for and in consideration of their mutual covenants and promises, Donor and Trustee agree as follows: ARTICLE I. TRUST ESTATE Donor, desiring to establish an irrevocable trust, does hereby absolutely and irrevocably transfer, asSign and deliver to the Trustee and the Trustee's successors and assigns all of Donor's rights, titles and interests in and to the assets listed on Schedule "A", attached hereto and made a part hereof (herein referred to as the "Trust Estate"). As further evidence of such assignment, Donor has executed or will execute or cause to be executed such other instruments as may be required for the purposes of completing the assignment or transfer of title to the Trust Estate to the Trustee. Trustee accepts the transfer and assignment to the Trustee, and undertakes to hold, manage, invest and reinvest the assets of this Trust, and to distribute the income and principal of this Trust, IN TRUST NEVERTHELESS, in accordance with the provisions of this Agreement. Donor, with the consent of the Trustee, shall have the righ~ at any time to make additions to the principal of this Trust or any share thereof hereby-established. All the additions shall be held, governed, and distributed by the Trustee, IN TRUST NEVERTHELESS, in accordance with the terms and conditions of this Agreement. ARTICLE II. IRREVOCABILITY AND LINTTED POWER OF AMENDMENT Donor has been advised of the consequences of'an irrevocable trust and hereby declares that this Trust shall be irrevocable and shall not be altered, amended, revoked, or terminated by Donor or any other person or persons, except as provided below. The Trustee shall have the Dower, acting alone, to amend the Trust in any manner required for the sole purpose of ensuring that the Trust qualifies and continues to qualify as a charitable remainder unitrust within the meaning of Section 664(d) (2) and (3) of the Code. ARTICLE III. PAYMENT OF UNITRUST AMOUNT (A) Calculations ~nd Recipients of Unitrust Amount. In each taxable year of the Trust, the Trustee shall pay to Donor, BARBARA E. HOLRAN, during her lifetime, and after her death to Donor's spouse, BRUCE G. HOLRAN, for such time as Donor's spouse survives (Donor and Donor's spouse herein referred to as the "Recipients',), a unitrust amount equal to the lesser of: (a) the Trust income for the taxable year, as defined in Section 643(b) of the Code and the regulations thereunder; and (b) six and 50/100 percent (6.50%) of the net fair market value of the Trust Estate as of the first day of each taxable year of the Trust (said day herein referred to as the "Valuation Date"). The unitrust amount for any year shall also include any amount of Trust income for such year that is in excess of the percentage amount required to be distributed under clause (b) of the previous sentence to the extent that the aggregate of the amounts paid in prior years was less than the aggregate of the amounts computed at six and 50/100 percent (6.50%) of the net fair market value of the Trust Estate on the Valuation Dates. Any income of the Trust for a taxable year in excess of the unitrust amount shall be added to the Trust principal. (B) Quarterly Payment of Unitrust Amount. The unitrust amount shall be paid in quarterly installments, for the quarters ending March 31, June 30, September 30, and December 31, not later than forty-five (45) days after the close of the quarter. (C) Adjustment of Error~. If for any year the net fair market value of the Trust Estate is incorrectly determined, then within a reasonable period after the value is finally determined for federal tax purposes, the Trustee shall pay to the Recipients (in the case of an undervaluation) or receive from the Recipients (in the case of an overvaluation) an amount equal to the difference between the unitrust amount properly payable and the unitrust amount actually paid. ARTICLE IV. PAYMENT OF FEDERAL ESTATE TAX~S ANu STATE DEATH The lifetime unitrust interest of the second Recipient, will take effect upon the death of the first Recipient, only if the- second Recipient furnishes the funds for payment of any federal 2 estate taxes or state death taxes for which the Trustee may be liable upon the death of the first Recipient. ARTICLE V. PRORATION OF THE UNITRUST AMOUNT In determining the unitrust amount, the Trustee shall prorate the same on a daily basis for a short taxable year or short quarterly period and for the taxable year or quarterly period ending with the survivor Recipient,s death. ARTICLE VI. DISTRIBUTION TO CWARITY (A) Distribution of Trust Estate. Upon the death of the survivor Recipient, the Trustee shall distribute all of the then- remaining Trust Estate and any and all accrued income of the Trust (excluding any amounts due to either of. the Recipients or their estates under the provisions of this Trust Agreement) to the Recipient Charities named by Donor on the permanent allocation ("Permanent Allocation,,) and the temporary allocation ("Revocable Allocation,,) detailed on a notice delivered to the Trustee which form is attached hereto as Schedule "B". Any portion of the Trust Estate designated as a Permanent Allocation shall be irrevocable and may not be amended at any time or times by Donor. Any portion of the Trust Estate designated as a Revocable Allocation may be amended or revised by Donor by delivering a new Revocable Allocation in the manner described in paragraph (B) of this Article VI or by delivering a Permanent Allocation. in the manner described. The Recipient Charities named in the Permanent Allocation and Revocable Allocation must satisfy the requirements of Sections 170(c), 2055(a) and 2522(a) of the Code, at the time when any of the Trust Estate is distributed to them. If one or more, but not all, of the Recipient Charities named in the Permanent Allocation and Revocable Allocation shall not qualify as an organization described in Sections 170(c), 2055(a) and 2522(a) of the Code at the time when any the Trust Estate is distributed to them, then the portion of the Trust Estate which would otherwise have been distributed to the non-qualifying Recipient Charities shall be apportioned among the remaining Recipient Charities on a pro rata basis. If all of the Recipient Charities named in the Permanent Allocation and Revocable Allocation fail to satisfy the requirements of Sections 170(c), 2055(a) and 2522(a) of the Code at the time when any of the Trust Estate is distributed to them, then the Trust Estate shall be distributed in the manner set forth in paragraph (C) of this Article VI. (B) Revocable Allocations. Donor may amend the Revocable Allocation by delivering written notice to the Trustee in the form attached hereto as Schedule "C". Such notice may be changed at any time during Donor,s lifetime by delivering a new Schedule "C" to' the Trustee. Any Recipient Charities named in Schedule "C" must satisfy the requirements of Sections 170(c), 2055(a) and 2522(a) of the Code at the time when any of the Trust Estate is distributed to them. (C) ~i~ure,to Desi hate ~Charities. If, upon the death of the survivor Recipient, Donor ha~-~~e any Permanent Allocation in the manner described above and has Revocable Allocation w ~ ................. not made any h~ ,=~= ~u ~evo~ea in the manner described above, or if none of the Recipient Charities named in the Permanent Allocation and Revocable Allocation shall qualify as an organization described in Sections 170(c), 2055(a) and 2522(a) of the Code at the time when any of the Trust Estate is distributed to them, then the Trustee shall distribute the balance of the Trust Estate to the following recipient charities ("Default Recipient Charities,,), in the following percentages, provided that the Default Recipient Charities qualify as a organization described in Sections 170(c), 2055(a) and 2522(a) of the Code at the time when any of the Trust Estate is distributed to them: 1) 2) 3) 4) 5) NAME OF CHARITY COUNTY OF LANCASTER, THE DEPARTMENT OF PARKS AND RECREATION, to be used as set forth in paragraph (E) of this Article VI. 1050 Rockford Road Lancaster, Pennsylvania 17602 LANCASTER COUNTY LIBRARY, to be used in the discretion of the governing board. 125 North Duke Street Lancaster, Pennsylvania 17602 LANCASTER COUNTY CONSERVANCY, to be used in the discretion of the governing board. P.O. Box 716 128 E. Marion Street Lancaster, Pennsylvania 17602 HIGHLAND PRESBYTERIAN CHURCH, to be invested in the Highland Fund (the endowment fund). 1801 Oregon.Pike Lancaster,'Pennsylvania 17601 CITIZENS' SCHOLARSHIP FOUNDATION OF LANCASTER COUNTY P.O. BOX 1601 Lancaster, Pennsylvania 17608 PERCENTAGE Forty (40%) Percent Thirty (30%) Percent Ten (10%) Percent Five (5%) Percent Two and One- Half (2.50%) Percent 4 6) 7) 8) 9) lo) NORTHFIELD MOUNT HERMON SCHOOLS, to be used for scholarships 206 Main Street East Northfield, MA 01360-9989 Two and One- Half (2.50%) Percent COLGATE UNIVERSITY, to be added to the Charles Wesley Tillou Scholarship Fund 13 Oak Drive Hamilton, New York 13346-1398 Two and One- Half (2.50%) Percent COLGATE UNIVERSITY, for use in the operation of Colgate Camp 13 Oak Drive Hamilton, New York 13346-1398 Two and One- Half (2.50%) Percent HOOD COLLEGE, to be added to the Carolyn Tillou Holran Scholarship Fund 401 Rosemont Avenue Frederick, Maryland 21701-9988 Two and One- Half (2.50%) Percent MANHEIM TOWNSHIP SCHOOL DISTRICT, for the planting of trees P.O. Box 5134, School Road Lancaster, Pennsylvania 17606-5134 Two and One- Half (2.50%) Percent If any of the foregoing Default Recipient Charities fail to satisfy the requirements of Sections 170(c), 2055(a) and 2522(a) of the Code at the time when any of the Trust Estate is distributed to them, then the Trust Estate shall be distributed equally among the remaining Default Recipient Charities. If Donor fails to designate any Recipient Charities which satisfy the requirements of Sections 170(c), 2055(a) and 2522(a) of the Code at the time when any of the Trust Estate is distributed to them, and if none of the Default Recipient Charities shall satisfy the requirements of Sections 170(c), 2055(a) and 2522(a) of the Code at the time when any of the Trust Estate is distributed to them, then the Trustee shall select, in its sole discretion, such one or more organizations, satisfying the requirements of Sections 170(c), 2055(a) and 2522(a) of the Code, each of which is engaged in comparable activities and is located in the Lancaster County, Pennsylvania area. (D) Distribution of Unallocated Trust Estato.. If Donor ha~ not made a direction as to the allocation of the entire Trust Estate, then the portion of the Trust Estate which is not otherwise allocated shall be distributed in accordance with paragraph (C) of this Article VI. (E) Additional Trust Distributions. Upon the death of the survivor Recipient, if the Donor has provided an allocation to the County of Lancaster, Department of Parks and Recreation, then the~ Trustee shall hold the portion of the trust estate allocable to the 5 County of Lancaster, Department of Parks and Recreation, IN FURTHER TRUST, and in perpetuity or until the earlier termination of this Trust according to the terms hereof, for the following uses and purposes. The Trustee shall distribute the net income of the Trust, on a quarterly basis, for the maintenance, care and improvement, of the parks and recreational facilities located at the Speedwell Forge Road property which Donor contributed to this Trust. This includes any property owned by the County of Lancaster, which is contiguous with the Speedwell Forge Road property, and which is used as a Dark or recreational facility (herein the "Speedwell Forge County Park"). Distributions of income may be used for improving the Speedwell Forge County Park, which may include adding new buildings or renovating existing buildings, and may include such other trails, equipment, and facilities which improve the quality and maintain the integrity of the Speedwell Forge County Park. ARTICLE VII. ADDITIONAL CONTRIBUTIONS If any additional contributions are made to the Trust after the initial contribution, the unitrust amount for the year in which the additional contribution is made shall be equal to the lesser of: (a) the Trust income for the taxable year, as defined in Section 643(b) of the Code and the regulations thereunder; and (b) six and 50/100 percent (6.50%) of the sum of (i) the net fair market value of the Trust Estate as of the Valuation Date (excluding the Estate so added and any income from, or appreciation on, such assets), and (ii) that proportion of the fair market value of the assets so added that was excluded under (i), above, that the number of days in the period that begins with the date of contribution and ends with the earlier of the last day of the taxable year or the date of death of the survivor Recipient bears to the number of days in the period that begins on the first day of such taxable year and ends with the earlier of the last day in such taxable year or the date of death of the survivor Recipient. In the case where there is no Valuation Date after the time of contribution, the assets so added shall be valued as of the time of contribution. The unitrust amount for any such year shall also include any amount of Trust income for such year that is in excess of the amount required to be distributed under (b), above, to the extent that the aggregate of the amounts paid in prior years was less than the aggregate of the amounts computed at six and 50/100 percent (6.50%) of the net fair market value of the Trust Estate on the Valuation Dates. ARTICLE VIII. PROHIBITED TRANSACTIONS The Trustee shall make distributions at such time and in such manner as not to subject the Trust to tax under Section 4942 of the Code. Except for the payment of the unitrust amount to the. Recipients, the Trustee shall not engage in any act of self- dealing, as defined in Section 4941(d) of the Code, and shall not make any taxable expenditures, as defined in Section 4945(d) of the Code. The Trustee shall not make any investments that jeopardize the charitable purpose of the Trust, within the meaning of Section 4944 of the Code and the regulations thereunder, or retain any excess business holdings, within the meaning of Section 4943(c) of the Code and the regulations thereunder. ARTICLE IX. TAXABLE YEAR The taxable year of the Trust shall be the calendar year. ARTICLE X. GOVERNING LAW AND CONSTRUCTION OF TRUST The Trust shall have its legal situs in Cumberland County, Pennsylvania, and shall be administered and interpreted in accordance with the laws of the Commonwealth of Pennsylvania. The Trustee, however, is prohibited from exercising any power or discretion granted under said laws that would be inconsistent with the qualification of the Trust under Section 664(d) (2) and (3) of the Code and the corresponding regulations. Unless Otherwise stated, all references in this Trust to section and chapter numbers are to those of the Internal Revenue Code of 1986, as amended, or corresponding provisions of any subsequent federal tax laws applicable to this Trust. Unless the context otherwise requires, the use of one or more genders in the text includes all other genders, and the use of either the singular or the plural in the text includes both the singular and the plural. The captions set forth in this Agreement at the beginning of the various divisions hereof are for convenience of reference only and shall not be deemed to define or limit the provisions hereof or to affect in any way their construction and application. ARTICLE XI. INVESTMENT OF TRUST ESTATF Nothing in this Trust instrument shall be construed to restrict the Trustee from investing the Trust Estate in a manner that could result in the annual realization of a reasonable amount of income or gain from the sale or disposition of Trust Estate. ARTICLE XII. GENERAL POWERS OF TRUSTEE In addition to such other powers and duties as may have been granted elsewhere in this Trust, but subject to any limitations contained elsewhere in this Trust, the Trustee shall have the following powers and duties: (A) In the management, care and disposition of this Trust,. the Trustee shall have the power to do all things and to execute such deeds, instruments, and other documents as may be deemed necessary and proper, including the following Dowers, all of which may be exercised without order of or report to any court: (1) To sell, exchange, or otherwise dispose of any property, real, personal or mixed, at any time held or acquired hereunder, at public or private sale, for cash or on terms as may be determined by the Trustee, without advertisement, including the right to lease for any term notwithstanding the period of the Trust, and to grant options, including an option for a period beyond the duration of the Trust and to do all things and to execute such deeds, instruments and other documents as may be necessary and proper. (2) To invest all monies in such stocks, bonds, securities, investment companies or trust shares, mortgages, notes, choses in action, real estate, improvements thereon, and other property as the Trustee may deem best, without regard to any law now or hereafter in force limiting investments of fiduciaries. (3) To retain for investment any property deposited with the Trustee hereunder. (4) To vote in person or by proxy any corporate stock or other security and to agree to or take any other action in regard to any reorganization, merger, consolidation, liquidation, bankruptcy or other procedure or proceedings affecting any stock, bond, note or other security held by this Trust. (5) To use lawyers, real estate brokers, accountants and any other agents, if such employment is deemed necessary or desirable, and to pay reasonable compensation for their services. (6) To compromise, settle or adjust any claim or demand by or against the Trust and to agree to any rescission or modification of any contract or agreement affecting the Trust. (7) To renew any indebtedness, as well as to borrow money, and to secure the same by mortgaging, pledging or conveying any property of the Trust, including the power to borrow from the Trustee (in the Trustee's individual capacity~ at a reasonable.rate of interest. (8) To register any stock, bond or other security in the name of a nominee, without the addition of words indicating that such security is held in a fiduciary capacity, but accurate records shall be maintained showing that the stock, bond or other security is a trust asset and the Trustee shall be responsible for the acts of the nominee. 8 (B) In making distributions from the Trust to or for the benefit of a person under a legal disability, the Trustee need not require the appointment of a guardian, but shall be authorized to pay or deliver the distribution to the custodian of the person, to pay or deliver the distribution to the person without the intervention of a guardian, to pay or deliver the distribution to the legal guardian of the person if a guardian has already been appointed, or to use the distribution for the benefit of the person. (C) In the distribution of the Trust and any division into separate trusts and shares, the Trustee shall be authorized to make the distribution and division in money or in kind or in both, regardless of the basis for income tax purposes of any property distributed or divided in kind, and the distribution and division made and the values established by the Trustee shall be binding and conclusive on all persons taking hereunder. The Trustee may in making the distribution or division allot undivided interests in the same property to several trusts or shares. ARTICLE XIII. SURETY AND COMPENSATION OF TRUSTEE The Trustee shall serve without the duty or obligation of filing any bond or other security and shall receive as its compensation for the services performed hereunder that sum of money, based on an hourly charge or percentage rate, which the Trustee normally and customarily charges for performing similar services during the time which it performs these services. ARTICLE XIV. SPENDTHRIFT TRUST No beneficiary shall have the power to anticipate, encumber or transfer his interest in the Trust Estate in any manner. No part of the Trust Estate shall be liable for or charged with any debts, contracts, liabilities or torts of a beneficiary or subject to seizure or other process by any creditor of a beneficiary. ARTICLE XV. SUCCESSOR TRUSTEE (A) Removal of Truste-. The then-current Recipient may remove the Trustee at any time or times, with or without cause, upon thirty (30) days' written notice given to the current Truste~. Upon the removal of the Trustee, a successor Trustee shall be appointed in accordance with the terms set forth in paragraph (B) of this Article XV. (B) Successor Truste~. The Trustee may resign at any time upon thirty (30) days' written notice given to the then-current Recipient. Upon the death, resignation, removal or incapacity of 9 the Trustee, a Successor Trustee may be appointed by the then- current Recipient. Any Successor Trustee shall be a financially sound and competent corporate trustee. Any Successor Trustee thus appointed, or, if the Trustee shall merge with or be consolidated with another corporate fiduciary, then such corporate fiduciary, shall succeed to all the duties and to all the powers, including discretionary powers, herein granted to the Trustee. Donor prohibits the appointment of Donor as Trustee, and any attempt to do so shall be without authority under this Agreement. Donor prohibits the appointment of Donor's legal guardian or legal representative as Trustee, and any attempt to do so shall be without authority under this Agreement. IN WITNESS WHEREOF, Donor has hereunto set his hand and seal, and the Trustee has caused this Agreement to be signed by its authorized officer and to have its seal affixed to and to be attested to,/~l on the day and year first above written. / DONOR: BARBARA E. HOLRAN The foregoing Trust Agreement was delivered, and is hereby accepted, at Lemoyne, Pennsylvania, on April 28, 1995. PENNSYLVANIA FIDUCIARY & ESTATE SERVICES, INC. , TRUSTEE , / ~. . ~ ~' ~,?.' .,~,~>.~'.. - ", .... / "'" '"" '" ~. ,._ ., ~,.....~,....;., ..~_ ._..:. KI~E~¥ ARTHUR - T .RESSLER, VICE PRESIDENT . :: ._-...: -.- .-.-, 10 SCHEDULE SCHEDULE REFERRED TO IN THE ANNEXED HOLRAN FAMILY CHARIT~LE REMAINDER UNITRUST AGREEMENT DATED: Agril 28, 1995 FROM BARBARA E. HOLRAN, DONOR TO PENNSYLVANIA FIDUCIARY & ESTATE SERVICES, INC. , TRUSTEE Property Description: t DONOR: BARBARA E. HOLRAN PENNSYLVANIA FIDUCIARY & ESTATE' SERVICES, INC., THUSTEE ,,.',:,?..:."?..,_____., ,: '-'-v-"¢~J 1: ' '. ,' -~..: '~" ,'U'::'-. . ~'," ~ / · ,~--'-- ~ ~Z -:~: [?$.~1': . ~m~'.RL,',t./AR~R-TZ~"saT.ER, '- '<','. "c? ~"; .":" VICE PR~.SIDENT ~---~'?~': ~'"...- . ~-:'" COMMONWEALTH .OF PENNSYLVANIA : COUNTY O~ ~.. ~ ~-~J '~.: SS: On this, the 28th day of April, 1995, before me, a Notary Public, the undersigned officer, personally appeared BARBARA E. HOLRAN, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within Trust Agreement, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I have set my hand and official Seal. COMMONWEALTH DF PENNSYLVANIA : COUNTY OF, : On this,' the 28th day of SS: April, 1995, before me, a Notary Public, the undersigned officer, personally appeared KIMBERLY ARTHUR-TRESSLER, who acknowledged herself to be the Vice President of PENNSYLVANIA FIDUCIARY & ESTATE SERVICES, INC., a Pennsylvania corporation, and that she as such Vice President, being authorized to do so, executed the foregoing Trust Agreement for the purposes therein contained by signing the name of the corporation by herself as Vice President. IN WITNESS WHEREOF, I have set my hand and official Seal.%'lG~,~! .':.. .q ,.~ .,.- ., ........ . -/ '::. ._./". .._~-/' ; ¢--' .~ ¢.,,~,~ '..... :: N-ota.ty Publfc ) --. :'~Ct '-- y Commission Expires: '-.::,'~.3-.".. · -' : r,,,.~ ~,:' '-'=, s~.-,~ '" ........... "- ...... te_ t,-~, ~ ,~,a,; Pu...,,O I Sh;re?:t:.%;:u'.,m Boro, Cumt.e:ia¢~ Co'jn~, I [~;-' ~:rr;n]Jssio.,1 Ex.¢res OcL ''~ iC~5 I · I'.h:.;'~;%,~;'.' ~"'~" ~ - ' ' -~' "..~ ,'' ' 12 SCHEDULE SCHEDULE REFERRED TO IN THE ANNEXED HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST AGREEMENT DATED: , 1995 FROM BARBARA E. HOLRAN, DONOR TO PENNSYLVANIA FIDUCIARY & ESTATE SERVICES, INC., TRUSTEE Designation of Recipient Charities Pursuant to the Dower reserved by the Donor under paragraph (A) of Article VI of the attached Trust Agreement, the Donor hereby designates the following Recipient Charities to receive the Trust Estate as allocated below: Permanent Allocation: .% to .% to % to % to % to .% to Revocable Allocation: % to % to .% to .% to .% to % to Any Recipient Charity named herein must be an organization described in Sections 170(c), 2055(a), and 2522(a) of the Code at the time when any of the Trust Estate is distributed to it. Any allocation made as a Revocable Allocation may be revoked or amended by the Donor at any time or times by delivering an executed Schedule "C" to the Trustee. If the Donor has not made the direction as to the allocation of the entire Trust Estate, or if any one or more of the Recipient Charities named herein is not an organization described in Sections 170(c), 2055(a), and 2522(a) of the Code at the time when any of the Trust Estate is distributed to it, then the portion of the Trust Estate not distributed under this Schedule "B" shall be distributed in accordance with the provisions of Article VI of the Trust Agreement. BARBARA E. HOLRAN, DONOR COMMONWEALTH OF PENNSYLVANIA : : COUNTY OF : BS: On this, the day of , 1995, before me, a Notary Public, the undersigned officer, personally appeared BARBARA E. HOLRAN, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within Designation of Recipient Charities, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I have set my hand and official Seal. Notary Public My Commission Expires: The within Designation of Recipient Charities was delivered, and is hereby accepted, at , Pennsylvania, on ., 1995. ATTEST: PENNSYLVANIA FIDUCIARY & ESTATE' SERVICES, INC., TRUSTEE KIMBERLY ARTHUR-TRESSLER, VICE PRESIDENT 14 S CI'IF, DU~E HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST AGREEMENT DATED: , 1995 FROM BARBARA E. HOLRAN, DONOR TO PENNSYLVANIA FIDUCIARY & ESTATE SERVICES, INC., TRUSTEE Amendment of Revocable Allocations Pursuant to the power reserved by the Donor under paragraph (B) of Article VI of the attached Trust Agreement, the Donor hereby revokes the Revocable Allocation set forth in: 1) the Designation of Recipient Charities, Schedule "B", dated , 19 ; and 2) any Amendment of Revocable Allocation, Schedule "C", which Donor has heretofore executed. Donor hereby amends said Schedule "B" by designating the following Recipient Charities to receive the Trust Estate as allocated below: Revocable Allocation: % to % to % to % to % to % to Any Recipient Charity named herein must be an organizatio~ described in Sections. 170(c), 2055(a), and 2522(a) of the Code at the time when any of-the Trust Estate is distributed to it. Any allocation made as a Revocable Allocation may be revoked or amended by the Donor at any time or times by delivering an executed Schedule "C" to the Trustee. If the Donor has not made the direction as to the allocation of the entire Trust Estate, or if any one or more of the Recipient Charities named herein is not an. organization described in Sections 170(c), 2055(a), and 2522(a) of the Code at the time when any of the Trust Estate is distributed to it, then the portion of the Trust Estate not distributed under this Schedule and Schedule "B" shall be distributed in accordance with the Drovisions of Article VI of the Trust Agreement. This Schedule "C" shall not affect the Permanent Allocation set forth in Schedule "B", and any defects in this Schedule "C" or the execution hereof shall not affect the validity and enforcement of the Permanent Allocation set forth in Schedule "B". If Donor has executed this Schedule "C" without designating any Recipient Charities herein, this instrument shall nonetheless oDerate as a revocation of any Revocable Allocation Dreviouslymade by Donor. BARBARA E. HOLRAN, DONOR COMMONWEALTH OF PENNSYLVANIA : : COUNTY OF : SS: On this, the day of , 1995, before me, a Notary Public, the undersigned officer, personally appeared BARBARA E. HOLRAN, known to me (or satisfactorily Droven) to be the Derson whose name is subscribed to the within Amendment of Revocable Allocation, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I have set my hand and official Seal. Notary Public My Commission Expires: The within Amendment of Revocable Allocation was delivered, and is hereby accepted, at , Pennsylvania, on · 1995. ATTEST: PENNSYLVANIA FIDUCIARY & ESTAT~ SERVICES, INC., TRUSTEE KIMBERLY ARTHUR-TRESSLER, VICE PRESIDENT 16 EXHIBIT B AMENDMENT TO THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST U/A Dated April 28, 1995 By Amendment Dated November 19, 1999 AMENDMENT TO THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST DATED APRIl. 28, 1995 THIS AMENDMENT TO TRUST (hereina~er referred to as "this Amendment") is executed in triplicate on this 19t" day of NOVEMBER, 1999, by and between BARBARA E. HOLRAN, now of 1919 Rockford Lane, Lancaster, Lancaster County, Pennsylvania 17601 (hereinafter called "Donor") and COMMUNITY TRUST COMPANY, now of 1013 Mumma Road, Suite 202, Lemoyne, Cumberland County, Pennsylvania 17043 (hereinafter called "Trustee"). WHEREAS, Donor and Trustee entered into The Holran Family Charitable Remainder Unitrust, Dated April 28, 1995, (hereina~er called the "Trust"); and, WHEREAS, Donor now desires to amend and revise the Trust, to make the within described deletions, amendments and corrections, all of which are being done pursuant to Donor's powers as Donor listed under Article VI, Paragraphs (A) and (B). NOW, THEREFORE, the parties hereto, in consideration of the mutual covenants herein stated, agree as follows: 1. Schedule "C" of the Trust is hereby deleted in its entirety and a replacement Schedule "C" is hereby inserted to read as follows: Amendment of Revocable Allocations Pursuant to the power reserved by the Donor under paragraph (B) of Article VI of the Trust, the Donor hereby revokes the Revocable Allocation set forth in: 1) the Designation of Recipient Charities, Schedule "B", dated April 28, 1995 or as amended therea~er; and, 2) any Amendment of Revocable Allocation, Schedule "C", which Donor has heretofore executed. Donor hereby amends said Schedule "B" by designating the following Recipient Charities to receive the Trust Estate as allocated below: Revocable Allocation: Thirty (3 5%) Percent to Lancaster County Department of Parks and Recreation, located in !.~ncaster County, Pennsylvania Thirty-Five (35%) Percent Eight (8.0%) Percent Five (5%) Percent Five and One-Half (5.5%) Percent Two and One-Half (2.50%) Percent to tO tO tO to Two (2.0%) to Percent Two and One-Half (2.50%) Percem Five (5.0%) Percent Two (2.0%) Percent One-Half (0.5%) Percent Two (2.0%) Percent tO tO tO to to Lancaster County Public Library_, Lancaster, Pennsylvania "Carolyn Tillou Holran" Scholarship, Hood College, Frederick, Maryland Lancaster County Conservancy, Lancaster, Pennsylvania Highland Fund, Highland Presbyterian Church, Lancaster, Pennsylvania Class of 1956 Endowment Fund, Northfield Mount Hermon School, Massachusetts "Charles W. Tillou Scholarship Fund", Colgate University, Hamilton, New York Colgate University Camp, Colgate University Hamilton, New York Endowment Fund, Elizabethtown College, Elizabethtown, Pennsylvania Upper Saranac Lake Foundation_ Saranac Lake, New York Adirondack Presbyterian Church, Lake Clear, New York Heifer Project, Imemational Upon the death of the Recipiems, the Trustee shall hold the remaining Trust estate, IN FURTHER TRUST, and in perpetuity, or until the earlier termination of this Trust according to the terms hereof, for the following uses and purposes. The Trustee shall distribute the net income of the Trust, on a quarterly basis, to the Recipient Charities named above by Donor on the temporary allocation ("Revocable Allocation") in the percentages detailed above, to be used in the discretion of the organization's governing board. The allocation to the Lancaster County Department of Parks and Recreation, shall be held by the Trustee, IN FURTHER TRUST, and in perpetuity or until the 2 earlier termination of this Trust, and the Trustee shall distribute the net income, on a quarterly basis, for the maintenance, care and improvement, of the parks and recreational facilities located at the Speedwell Forge Road property which Donor contributed to this Trust. This includes any property owned by the County of Lancaster, which is contiguous with the Speedwell Forge Road property, and which is used as a park or recreational facility (herein the "Speedwell Forge County ParkM). Distributions of income may be used for improving the Speedwell Forge County Park, which may include adding new buildings or renovating existing buildings, and may include such other trails, equipment, and facilities which improve the quality and maintain the integrity of the Speedwell Forge County Park. Any portion of the Trust Estate designated as a Revocable Allocation may be amended or revised by Donor by delivering a new Revocable Allocation in the manner described in paragraph (B) of this Article VI or by delivering a Permanent Allocation in the manner described. The Recipient Charities named in the Permanent Allocation and Revocable Allocation must satisfy the requirements of Sections 170(c), 2055(a) and 2522(a) of the Code, at the time when any of the Trust Estat6 or Trust income is distributed to them. If one or more, but not all, of the Recipient Charities named in the Permanent Allocation and Revocable Allocation shall not qualify as an organization described in Sections 170(c), 2055(a) and 2522(a) of the Code at the time when any the Trust Estate or Trust income is distributed to them, then the portion of the Trust Estate or Trust income which would otherwise have been distributed to the non-qualifying Recipient Charities shall be apportioned among the remaining Recipient Charities on a pro rata basis. If all of the Recipient Charities named in the Revocable Allocation fail to satisfy the requirements of Sections 170(c), 2055(a) and 2522(a) of the Code at the time when any of the Trust Estate or Trust income is distributed to them, then the Trust Estate or Trust income shall be distributed in the manner set forth in paragraph (C) of this Article VI. This Schedule "C" shall not affect the Permanent Allocation set forth in Schedule "B", and any defects in this Schedule "C" or the execution hereof shall not affect the validity and enforcement of the Permanent Allocation set forth in Schedule "B". If Donor has executed this Schedule "C" without designating any Recipient Charities herein, this instrument shall nonetheless operate as a revocation of any Revocable Allocation previously made by Donor. BARBARA E. HOLRAN, DONOR 3 COMMONWEALTH OF PENNSYLVANIA: : SS: COUNTY Or : On this, the/~'//~ day of November, 1999, before me, a Notary Public, the undersigned officer, personally appeared BARBARA E. HOLRAN, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within Amendment of Revocable Allocation, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I have set my hand and official Seal. Notary Public My Commission Expires: Traci L. Sepkovic, Notary Public Lemoyne Boro, Cumberland Counly My Commission Expires July 7, 2003 Member, Pennsylvania ~ssociation of Notaries The within Amendment of Revocable Allocation was delivered, and is hereby accepted, at Lemoyne, Pennsylvania, on November ~-~O, 1999. ATTEST: COMMUNITY TRUST COMPANY, TRUSTEE 4 CUMBERLAND COUNTY, PENNSYLVANIA ORPHAN'iS COURT DIVISION NO' IN THE MATTER OF THE HOLRAN F~AMILY CHARITABLE REMAINDER UNITRUST U/A Dated April 28, 1995 and AMENDMENT TO TRUST Dated November 19,. 1-999 FIRST AND PARTIAL ACCOUNT For the Period 04/28/1995 -to- 09/30/2003 IN THE MATTER OF: THE HOLRAN FAMILY CHARITABLE REMAINDER UNITRUST U/A DATED April 28, 1995 and AMENDMENT TO TRUST DATED November 19, 1999 IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION No. ORDER AND NOW, this ~ ~day of November, 2003, upon consideration of the Petition for Approval of First and Partial Account of Community Trust Company, Trustee of The Holran Family Charitable Remainder Unitrust U/A April 28, 1995, with Amendment to Trust dated November 19, 1999, and the corresponding First and Partial Account of Community Trust Company, Trustee afOresaid, and there being no objections filed on the Petition and Account, said Petition is approved and the Account is hereby approved and confirmed absolutely. BY THE COURT: