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Home My WebLink About05-20-05 . IN THE MATTER OF THE TRUST OF CYNTHIA LEE CRISPEN-MANGIARDI D-I-O S-Ol/lot IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION RECEIPT, RELEASE, REFUNDING AND INDEMNITY AGREEMENT CONCERNING TERMINATION OF THE CYNTHIA LEE CRISPEN-MANGIARDI" TRUST UNDER AGREEMENT DATED NOVEMBER 2,1989 1f,.. THIS AGREEMENT, made this ~1 day of April 2005, WITNESSETH: r.) THE CIRCUMSTANCES leading up to the execution of this Agreement are as follows~' 1. On November 2, 1989, James F. Crispen, MD., (the "Settlor"), established an inter vivos funded life insurance trust (the "trust") by Trust Agreement with Heath L Allen of Camp Hill, Cumberland, Pennsylvania, and Henry F. McKonly, Jr. of Mechanicsburg, Cumberland County, Pennsylvania (the "Trustees"). An original of the Trust Agreement is attached hereto as Exhibit "A". 2. Under the terms of Item First, Paragraph 7 of the Trust Agreement, upon Cynthia Lee Crispen-Mangiardi attaining the age of forty-seventh (47) years, the Co- Trustees were instructed to pay over and distribute to Beneficiary, absolutely and free of all trusts, the assets and principal, together with any accumulated or undistributed income, of the Trust 3. The Beneficiary was born on March 15, 1958 and accordingly attained the age of forty-seven (47) on March 15,2005. -1- , 4. The Co-Trustees have administered the Trust for the benefit of the Beneficiary in accordance with the terms of the Trust Agreement. As of November 26, 2004, the assets of the Trust consisted of a $500,000 paid-up life insurance policy on the life of the Settlor, with a total cash value of One Hundred Seventy-Two Thousand Two Hundred Fifty-Four and 19/100 Dollars ($172,254.19). The Trust also contains Thirty- Three Thousand (33,000) shares of Rite Aid Corporation stock (NYSE: RAD) valued at $ 4.01 per share as of April 18, 2005. and Fourteen and 29/100 Dollars ($14.29) cash. 5. It is the desire of the Beneficiary that the Co-Trustees terminate the Trust in accordance with Item First, Paragraph 7 by the distribution of the remaining assets, principal and income of the Trust to the Beneficiary, and that such be done without the formal approval by the Court of a petition to terminate the Trust pursuant to the Pennsylvania Probate, Estates and Fiduciaries Code ~ 6102, 20 Pa.C.S.. ~ 6102. 6. In consideration of the indemnification and such other terms that are hereinafter provided, the Co-Trustees are willing to terminate the Trust and to distribute the assets, principal and income thereof as set forth below NOW THEREFORE, in consideration of the foregoing and intending to be legally bound hereby, the Beneficiary for herself, her heirs, personal representatives, successors and assigns, does hereby agree as follows: A. Statement of Accounts. The Beneficiary acknowledges receipt of copies of the First and Final Account attached hereto as Exhibit "B", declares that she has had the opportunity to review the Account and based upon an examination (or on her decision not to make such an examination), she is satisfied that she has sufficient information to make an informed waiver of her right to a formal accounting with the Court, and does hereby waive the filing and auditing of same. -2- B. Approval of Termination. The Beneficiary approves the termination of the Trust and agrees to accept the assets, principal and income, list on Exhibit "B" attached hereto and incorporated herein by reference, in full and complete satisfaction of her interest in the Trust. C. Receipt of Assets The Beneficiary acknowledges receipt of the asset, principal and income of the Trust as indicated on Exhibit "B". D. Releases. The Beneficiary, for herself, her heirs, personal representatives, successors and assigns, hereby absolutely and irrevocably remises, releases, quitclaims and forever discharges the Co-Trustees (in their capacities as fiduciaries and in their individual capacities) and each and every of the Co-Trustees' employees, agents, attorneys, advisors and counselors, and their respective heirs, personal representatives, successors and assigns, of and from any and all actions, payments, accounts, reckonings, liabilities, claims and demands relating in any way to the Co-Trustees' administration of the Trust, including, but not limited to, the failure of the Co-Trustees' to file an account of such administration with, and obtain the approval of, the Court, and the termination of the Trust as provided herein. E. Refunds. The Beneficiary, to the extent of the funds received by her hereunder, covenants and agrees to refund upon demand by the Co- Trustees all or any amount which may hereafter be determined by the Co-Trustees or by the Court to have been erroneous or excess distribution to her regardless of the cause of such erroneous distribution, and agrees that any period of limitation of actions for the collection of any erroneous distribution to her shall commence only at such time as the Co-Trustees shall have obtained actual knowledge of such erroneous distribution and that in no event shall the period for collection of any erroneous distribution be less than two years after the actual discovery thereof by the Co-Trustees. F. Indemnifications. The Beneficiary agrees to indemnify and hold harmless the Co-Trustees from and against any and all claims, loss, liability or damage (whether or not related to the negligence of the Co- Trustees) which they may suffer, or to which they may be subjected by reason of their administration of the Trust based on the informal accounting and not a formal accounting, and the distribution of the assets, principal and income of the Trust without having the approval of the Court. -3- G. Voluntarv Act. The Beneficiary agrees that this Agreement has been freely and voluntarily executed, and that she has not relied on any special inducement, promise, or representation other than those representations set forth herein. H. Riqht to Counsel The Beneficiary acknowledges that she understands all of the terms and conditions of this Agreement, and that she has been advised by legal counsel for the Co-Trustees that it may be in her best interest to seek advice by legal counsel before executing this Agreement, in order to fully understand the legal consequences of such terms and conditions. I. Consent to Jurisdiction The Beneficiary consents to the Court of Common Pleas, Orphans' Court Division, Cumberland County, Pennsylvania, exercising personal jurisdiction over her in any suit or action arising out of the enforcement of this Agreement. J. Governinq Law This Agreementshall be governed by the laws of the Commonwealth of Pennsylvania. IN WITNESS WHEREOF, the Beneficiary has set her hand and seal to the Consents attached hereto, to be effective as of the date first above written. -4- IN THE MATTER OF THE TRUST OF CYNTHIA LEE CRSIPEN-MANGIARDI IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY. PENNSYLVANIA ORPHANS' COURT DIVISION CONSENT TO RECEIPT, RELEASE, REFUNDING AND INDEMNITY AGREEMENT CONCERNING TERMINATION OF THE CYNTHIA LEE CRISPEN-MANGIARDI TRUST UNDER AGREEMENT DATED November 2,1989 THE UNDERSIGNED, Cynthia ~Crisperb<Mangiardi. as a beneficiary of the Agreement of Trust Agreement of James F. Crispen. MD, dated November 2. dated November 2. 1989. hereby consents to and joins in the Receipt. Release. Refunding and Indemnity Agreement Concerning Termination of the Cynthia Lee Crispen- Mangiardi Trust, a copy which (including all exhibits thereto) has been provided to her. foe the p"'po,e, e'prn~edlh"e;". C ___ _ _..... ynthia ~Crispel1A'v1angiardi STATE OF NEW YORK SS. COUNTY OF On this, the '? ~ day Of~ .2005. before me, the undersigned officer, personally appeareaCYNTH 'A ~CRISPEN>d'v1ANGIARDI, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same as her free and voluntary act for the purposes expressed therein. IN WITNESS WHEREOF. I have hereunto se MARTIN R. CRAMER jIII.lTABY PUBLIC, STAT!! OF NEW YO;;' No. 24.0792830 OaalWed.ln Xino. County c.--f.........~.J4uch 30, teeS) -fi- - THE CYNTHIA LEE CRISPEN-MANGIARDI TRUST NOW, on JVO~~~&( ~, 1989, JAMES F. CRISPEN, M.D., of Dauphin County, Pennsylvania, as Settlor, by this Agreement and desiring to establish a Trust, hereby assigns to HEATH L. ALLEN, of Camp Hill, Cumberland County, Pennsylvania, and HENRY F. McKONLY, JR., of 22 Kensington Square, Mechanicsburg, Cumberland County, Pennsylvania, as Co-Trustees, hereinafter referred to in the singular neuter gender, the property described in Schedule A to be held, together with such additional property as may be transferred, devised or bequeathed hereto by Settlor or any other person, upon the following terms of trust: FIRST: DISPOSITIVE PROVISIONS During the lifetime of Beneficiary: 1. Settlor's child, Cynthia Lee Crispen-Mangiardi, (born: March 15, 1958) hereinafter referred to as "Beneficiary," during Beneficiary's lifetime, shall have the absolute right (anything to the contrary appearing in Item THIRD hereof notwith- standing), exercisable in Beneficiary's sole discretion, to withdraw during each calendar year in which an addition or additions are made to this Trust, an aggregate amount equal to the lesser of the amount of the annual additions to this Trust up to the date of such withdrawal or Ten Thousand Dollars ($10,000) multiplied by the number of donors making addition(s) to this Trust during such calendar year, and such right of withdrawal shall be non-cumulative from year to year. E'I \u:6~i "A 1/ 2. Trustee shall notify Beneficiary of any transfer or other contribution to the Trust, and of the donor(s) thereof, as soon as is practical after the contribution or transfer has been made but not later than December 31 of the year in which the contribution or transfer has been made. 3. All withdrawals shall be made by written demand signed by Beneficiary and delivered to Trustee not more than thirty (30) days after the date of Trustee's notification to Beneficiary of any transfer or other contribution to the Trust. withdrawals shall be paid by Trustee not more than sixty (60) days after the date of such written demand. For purposes of this special right of withdrawal, assets originally transferred to this Trust shall be deemed to be an addition in the year in which the transfer occurs. 4. Such rights of withdrawal shall constitute a first charge against the principal of this Trust and during the contin- uance of this Trust shall take precedence over all other dis- tributions and all other beneficial interests hereunder. 5. In creating this power of withdrawal, it is the intention of Settlor to create an annual non-cumulative power of invasion which will qualify any transfer of property hereto as a transfer of a present interest under section 2503(b) of the Internal Revenue Code of 1986, as amended, and which will not be treated as a release of such a power as that term is defined in section 2514(e) of said Code. -2- 6. Trustee shall pay to or apply for the benefit of Beneficiary at such times as Trustee determines as much of the net income and, if income shall be insufficient therefor, as much of the principal, as Trustee, in its sole discretion both as to income and principal, shall deem necessary for Beneficiary's maintenance, support and education (including college and graduate and professional studies); provided, however, that before making any such payments of principal to Beneficiary, Trustee shall take into account other property and income available to Beneficiary, and in so doing the decision of Trustee as to the amount of principal so used and the extent to which other resources are considered shall be conclusive as to all parties in interest. Any income not expended may be accumulated and added to principal. 7. When Beneficiary attains the age of forty-seven (47) years, Trustee shall pay over and distribute to Beneficiary, absolutely and free of all trusts, such share or the then- remaining principal, together with any accumulated or undis- tributed income, of the Trust. SECOND: DISPOSITIVE PROVISIONS UPON BENEFICIARY'S DEATH In the event Beneficiary dies before Settlor, or in the event that Beneficiary survives Settlor but dies before the entire principal of the Trust has been withdrawn or distributed, such share or the then-remaining principal, together with any accumulated or undistributed income, of the Trust (as the case may be) shall be distributed to or for the benefit of such person -3- or persons or corporation or corporations (including Bene- ficiary's estate, Beneficiary's creditors or the creditors of Beneficiary's estate) in such amounts or proportions and in such lawful interests or estates, whether absolute or in trust, as Beneficiary may direct by Beneficiary's Last Will, provided such Last will contains a specific reference to this general power of appointment, or in default of such appointment, or to the extent it is not effectively exercised, then, to Beneficiary's estate. THIRD: TERMINATION OF TRUSTS 1. Notwithstanding any other provisions hereof, Trustee may, in its sole discretion, at any time after Settlor's death, terminate any or all of the trusts created herein if the amount thereof would make the continuing of said trust imprac- tical. Upon such termination, Trustee shall pay the principal and any accumulated or undistributed income of any such trust share to the person or persons entitled to receive the income therefrom in the proportions to which they were then entitled to receive the income. If no such fixed proportions then exist among beneficiaries, payment shall be made in equal shares, per stirpes, among the persons to whom the income may then be paid, and upon such termination the rights of all other persons who might otherwise have interests as succeeding life tenants or remaindermen shall cease. 2. Any and all trusts created herein shall terminate in any event, and every final distribution or payment of the principal of the trust estate shall be made, not later than -4- twenty-one (21) years after the death of the last to die of Settlor's issue living on the date hereof, in the event that this trust shall have not terminated previously in accordance with the terms hereof. In the event of the termination of this trust as provided for in this paragraph, Trustee shall pay over and deliver the principal, together with any accumulated or undis- tributed income, free and discharged of any trust, to the person or persons then entitled to receive the income thereof in the proportions to which he, she or they were then entitled to receive the income. FOURTH: MINORITY AND DISABILITY PROVISIONS Unless otherwise provided for herein, any income or princi- pal payable to any beneficiary who may be then a minor (for all purposes of this Trust, a minor shall be deemed to be a person who has not attained twenty-one (21) years of age) or, who may then be, in the opinion of Trustee, mentally or physically disabled, shall be held in a separate trust by Trustee during such minority or disability unless the trust share is sooner terminated as otherwise provided herein; said net income and/or principal may be accumulated or expended for the maintenance, support and education (including college and graduate and professional studies) of such beneficiary, as Trustee, in its sole discretion, may determine. Trustee, in the expenditure of income and/or principal for such purposes, may, in its discre- tion, apply the same directly without intervention of a guardian, or pay the same to any person having care or control of said -5- beneficiary, or with whom the beneficiary resides, without the duty on the part of Trustee to see to or inquire into the application of the funds by any person to whom any payment is so made. The balance of such income and/or principal shall be paid to said beneficiary when the disability or minority ceases, or to said beneficiary's estate in the event of death prior thereto. FIFTH: PROTECTIVE PROVISION All principal and income shall, until actual distribution to a beneficiary, be free of the debts, contracts, alienations, torts and anticipations of any beneficiary, and the same shall not be liable to any levy, attachment, execution or sequestration while in the possession of Trustee. SIXTH: INSURANCE POLICIES 1. Trustee shall not be under any obligation to pay premiums on insurance policies held hereunder, if any, and shall have no responsibility to see that such policies are kept in force. 2. No life insurance company shall be responsible to see to the execution or performance of any trust created herein or to the application of any insurance proceeds paid to any such trust. 3. Trustee may, without incurring liability, compromise and settle any questions relating to any insurance policy upon such terms as it deems wise. Trustee need not institute litigation to collect the proceeds of any policy unless -6- it is reasonably indemnified for costs, counsel fees and other expenses of such litigation. SEVENTH: POWERS OF TRUSTEE In addition to the powers hereinbefore provided and those given by law, Trustee, and any additional or successor Trustee, without any order of court and in its sole discretion, may: 1. Hold and retain the property now or hereafter comprising a part of this trust, for such length of time as in its sole discretion it may deem wise, or sell any part thereof, without liability of any kind by reason of such retention or sale and invest and reinvest, alter, vary and change investments from time to time, in such manner and in such property, real, personal or otherwise, including any common or diversified trust funds maintained by, or stock of, any bank or trust company or any holding company or affiliate thereof, as Trustee may deem prudent, without being confined to what are known as legal investments under the laws of any state or jurisdiction and without regard to whether such property (including but not limited to Rite-Aid Corporation stock) does or does not represent an overconcentration in one investment; 2. Repair, alter, improve or lease, for any period of time (even for more than five (5) years) any property and give options for leases; 3. Make distribution hereunder either in cash or in kind or partly in each, and cause any share to be composed of -7- property different in kind from any other shares, without regard to the basis of such property; 4. Purchase investments at a premium; 5. Vote in person, or by proxy, all stocks or other securities held; 6. Exercise any rights or warrants to subscribe for stocks or bonds or other allotments received by reason of securities held, or sell them for such prices as it may deem best; 7. Deposit, surrender or exchange stocks or pay any assessments in connection with any reorganization or merger or similar proceedings as it may deem best; 8. Exercise any option, right or privilege granted in any insurance policy; 9. Sell any real or personal property at public or private sale to any person or entity, or give options therefor for cash or credit, without liability on the part of the pur- chaser to see to the application of the purchase money; provided, however, that no sale hereunder shall be made at a price less than that which Trustee acting in good faith shall consider to represent adequate and full consideration; 10. Borrow money from any source, including any Trustee, mortgage or pledge any property; 11. After the death of Settlor, to merge any trust created hereunder with any other trust or trusts created by Settlor or by Settlor's spouse under will or trust, if the terms -8- of such trusts are then substantially similar and held for the primary benefit of the same person; 12. Compromise claims; 13. Register securities in the name of a nominee in such manner that title shall pass by delivery; 14. Employ attorneys, investment counsel, accountants and agents in connection with the discharge of its duties, and determine and pay to them reasonable compensation; 15. Pool the assets of all trusts created hereunder or any of them for investment purposes, allocating to each trust an undivided interest in all of the assets so held; 16. Add to the principal of any trust created here- under any property received from any person by Deed, will or in any other manner; 17. In the exercise of its discretion with respect to the use of principal for any beneficiary, Trustee may take into account other property and income available to such beneficiary; in so doing, Trustee may conclusively rely on written represen- tations made to it by such beneficiary, and the judgment of Trustee as to the amount of principal so used and the extent to which other resources are considered shall be conclusive as to all parties in interest; 18. Anything herein to the contrary notwithstanding, no individual Trustee hereunder shall make or participate in any decision of Trustee required for the discretionary termination of any trust hereunder or to authorize the discretionary payment of -9- income or principal in cases where such terminated trust or such principal or income (as the case may be) would be distributable to or for the benefit of himself, herself, or anyone such Trustee is legally obligated to support; 19. Exercise all power, authority and discretion given by this Trust after termination of any trust created herein until the same is fully distributed; 20. Accept property or not, in Trustee's sole discre- tion, by bequest or lifetime transfer from any person, estate or trust, subject to the payment of, or liability for, state and/or federal gift, estate, transfer, succession, inheritance or other death taxes, including any interest or penalties thereon, and sign any required consent or acknowledgement of liability for such taxes and/or lien against such property; 21. Anything hereinbefore to the contrary notwith- standing, Trustee shall not exercise any power, authority or discretion if the exercise of such power, authority or discretion would cause the assets of this trust to be included in the "gross estate" of Settlor and/or Trustee, as such term is defined in the Internal Revenue Code of 1986, as amended. -10- EIGHTH: APPOINTMENT OF ADDITIONAL AND SUCCESSOR TRUSTEES 1. If, during the term of this Trust, Heath L. Allen shall be unable or unwilling to serve as an individual Co- Trustee, then the law firm with which he is associated, or was last associated shall designate an attorney residing in Cumber- land County, Pennsylvania as his successor. 2. If, during the term of this Trust, Henry F. McKonly, Jr. shall be unable or unwilling to serve as an indi- vidual Co-Trustee, then the public accounting firm with which he is associated, or was last associated, shall designate a cer- tified public accountant as his successor. 3. At any time during the term of this Trust, the then-serving individual Co-Trustees may designate a bank or trust company with trust powers to serve with them, or with one of them, or as sole Trustee. At all times prior to such designa- tion, an attorney and a certified public accountant shall serve as individual Co-Trustees so that two persons shall serve at all times. 4. Any Trustee acting hereunder may resign at any time without court approval, to become effective upon delivery to any of the other then serving Trustees of a written instrument signed by the resigning Trustee, or if there be no other Trustee then serving then when filed with the clerk of the court having jurisdiction of this Trust. -11- NINTH: WAIVER OF BOND Settlor directs that Trustee and any alternates or succes- sors thereto shall not be required to file a bond to secure the faithful performance of the duties of their office in any jurisdiction. TENTH: IRREVOCABILITY This Trust shall be irrevocable, and Settlor hereby ex- pressly waives all rights and powers to alter, amend, revoke or terminate the Trust or any of its terms in whole or in part. Settlor hereby renounces any interest, either vested or contin- gent, including any reversionary interest or possibility of reverter, in the income or principal of this Trust. ELEVENTH: SITUS The situs of this Trust shall be Cumberland County, Pennsyl- vania, and questions pertaining to the validity, construction and administration of any trust hereunder shall be determined in accordance with the laws of the Commonwealth of Pennsylvania. TWELFTH: MISCELLANEOUS 1. Wherever the words "child," "children" or "issue" are used in this instrument, they shall include those both naturally born and legally adopted. 2. Throughout this Agreement of Trust, nouns, pronouns and verbs shall be construed as masculine, feminine, neuter, singular or plural, whichever shall be applicable. 3. Trustee, and any successors, shall receive reasonable compensation for services rendered in such capacity. -12- IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written. WITNESS: ~~~tl I~. i~ /) 7 /-<, /1. //'/ ' (~,( ll""L- (\, ~t'- /~~L-l""f/(SEAL) ~ ES/;F CRISPjN, M.D., Settlor ;JITrust e here~ accepts: d'tlt / L. l<>'> ,'.-A______ (SEAL) HEATH L. ALLEN, Trustee !/ ,/ , . t .' \ I..,. I' ,i ,: _., '-:::""-t-, 'IAvtt4!) I , I ( /~ (SEAL) Trustee -13- COMMONWEALTH OF PENNSYLVANIA SS. COUNTY OF DAUPHIN 1 .I On the CA",fj day of ~ov. , 1989, before me, the subscriber, a notary public in and for the Commonwealth of Pennsylvania, personally appeared the above-named JAMES F. CRISPEN, M.D. and in due form of law acknowledged the foregoing Agreement of Trust to be his voluntary act and deed for the purposes expressed therein. WITNESS my hand and notarial seal the day and year afore- said. hJCl\kMI'^-_ i' ,'.. ,'U. ,'. Notary Public NOTARIAL SEAL KATHRYN C. HOLLINGER. Nolmy Public Harr.isburg, DaulJllin County My CommIssion Expire9: M~1(CIl 14 1991 --'- -14- COMMONWEALTH OF PENNSYLVANIA SS. COUNTY OF DAUPHIN On the ,:--\~,J day of J'.;o J. , 1989, before me, the subscriber, a notary public in and for the Commonwealth of Pennsylvania, personally appeared the above-named HEATH L. ALLEN, and in due form of law acknowledged the foregoing Agreement of Trust to be his voluntary act and deed for the purposes expressed therein. WITNESS my hand and notarial seal the day and year afore- said. \. ;\ '<,j\". i'___~,~ \,/ ,', ,', f Notary Public NOTAA"\L ;;:EJ\!. KATHRYN C. HOLLINGER. Not.:1ry.Publ!c Harrisuurg, OJup~lln C0unly My Commission Expires March 14, 1991 -15- COMMONWEALTH OF PENNSYLVANIA SS. COUNTY OF DAUPHIN On the )"'-i,l day of ~ I . Ivcv, , 1989, before me, the subscrlber, a notary public in and for the Commonwealth of Pennsylvania, personally appeared the above-named HENRY F. McKONLY, JR., and in due form of law acknowledged the foregoing Agreement of Trust to be his voluntary act and deed for the purposes expressed therein. WITNESS my hand and notarial seal the day and year afore- said. I ' 'I ' yl, \ I. ill ,I ',l',.I, " ',i _,.:. -'. 'J .1. _~ ."- ~ \. _ . Notary Public ,',-. '-~ NOTARIAL SE>\L KATHRYN C. HOLLINGER ;\!olary Public I-hmisburg, DaUp!l!t"I Coun~y My Commission Expires March 14, 1991 -16- j Item 1. SCHEDULE A Description Value 8,250 shares Rite Aid Corporation common @ 38\ per share $317,625 COURT OF COMMON PLEAS OF, PA ORPHANS' COURT DIVISION FIRST AND FINAL ACCOUNTING OF Heath L. Allen, Trustee Henry F. McKonly, Jr., Trustee For Cynthia Lee Crispen TfU/ A Start of Trust: Date of Appointment: Accounting for the Period: November 02, 1989 November 02, 1989 November 02, 1989 to April 19, 2005 Purpose of Account: The above fiduciaries offer this account to acquaint interested parties with the transactions that have occurred during their administration. It is important that the account be carefully examined. Requests for additional information, or questions, or objections, can be discussed with: Signatures: , ~ 11. /I Exhibit- [) Cynthia Lee Crispen TIU/A Summary of Account Page Receipts 2 $ 349,052.93 Receipts of Income 3 111,557.60 Net Gain on Sales or Other Dispositions 7 0.00 $ 460,610.53 Less Disbursements: 9 Administrative Expenses $ 522.62 Fees & Commissions 1,072.01 1 ,594.63 Balance Before Distributions $ 459,015.90 Less Distributions to Beneficiaries 11 0.93 Total Balance On Hand 12 $ 459,014.97 For Information: Investments Made 13 Unpaid Expenses 23 Unrealized Gains and Losses 23 Page 1 (1) Cynthia Lee Crispen T/U/A Receipts Cash and Cash Equivalents 2000 Cash gift to trust from James F Crispen MD Cash gift to trust Jsmes F. Crispen - Initial cash gift to Trust Total Cash and Cash Equivalents No. of Shares Stocks 8,250 $ Rite Aid Corporation Total Stocks Total INVENTORY RECEIPTS SUBSEQUENT TO INVENTORY 08/15/1997 James F. Crispen - 1997 Cash gift to Trust $ 10/10/2000 Northwestern Mutual Life premium refund for paid-up poley Total RECEIPTS SUBSEQUENT TO INVENTORY TRANSFERS FROM INCOME 08/20/2000 First Union National Bank - Trust Checking Account $ Total TRANSFERS FROM INCOME Total Receipts of Principal Page 1 (2) Inventory Value 11/02/1989 $ 1,996.62 4,992.56 22,923.53 $ Inventory Value 11/02/1989 317,625.00 $ 1,500.00 14.29 0.93 $ 29,912.71 317,625.00 347,537.71 1,514.29 0.93 349,052.93 Cynthia Lee Crispen T/U/A Receipts of Income Income Collected First Union National Bank - Trust Checking Account 01/02/1990 Interest 01/18/1990 Interest 02/15/1990 Interest 03/16/1990 Interest 04/13/1990 Interest 05/15/1990 Interest 06/19/1990 Interest 07/18/1990 Interest 08/17/1990 Interest 09/18/1990 Interest 10/18/1990 Interest 11/30/1990 Interest 12/14/1990 Interest 01/28/1991 Interest 02/28/1991 Interest 03/29/1991 Interest 04/30/1991 Interest 05/31/1991 Interest 06/28/1991 Interest 07/31/1991 Interest 08/30/1991 Interest 09/30/1991 Interest 10/31/1991 Interest 11/29/1991 Interest 12/31/1991 Interest 01/31/1992 Interest 02/28/1992 Interest 03/31/1992 Interest 04/30/1992 Interest OS/29/1992 Interest 06/30/1992 Interest 07/31/1992 Interest 08/31/1992 Interest 09/30/1992 Interest 10/30/1992 Interest 11/30/1992 Interest 12/31/1992 Interest 01/29/1993 Interest 02/26/1993 Interest 03/31/1993 Interest 04/30/1993 Interest OS/28/1993 Interest 06/30/1993 Interest 07/30/1993 Interest 08/31/1993 Interest $ Page 1 (3) 0.67 4.42 4.59 7.14 9.09 16.47 13.73 6.83 11.45 6.67 6.16 9.87 6.61 1. 67 9.31 6.75 3.91 11. 90 0.41 0.41 10.19 6.07 6.85 15.74 11.01 10.22 14.57 6.75 6.90 11.28 3.92 4.24 8.25 1. 53 4.00 19.76 12.79 13.13 15.33 10.44 9.86 13.84 8.25 8.48 11.16 Receipts of Income (Continued) First Union National Bank - Trust Checking Account 09/30/1993 Interest 10/29/1993 Interest 11/30/1993 Interest 12/31/1993 Interest 01/31/1994 Interest 02/28/1994 Interest 03/31/1994 Interest 04/29/1994 Interest 05/31/1994 Interest 06/30/1994 Interest 07/29/1994 Interest 08/31/1994 Interest 09/30/1994 Interest 10/30/1994 Interest 10/31/1994 Interest 11/30/1994 Interest 01/31/1995 Interest 02/28/1995 Interest 03/31/1995 Interest 04/28/1995 Interest 05/31/1995 Interest 06/30/1995 Interest 07/31/1995 Interest 08/31/1995 Interest 09/29/1995 Interest 10/31/1995 Interest 11/30/1995 Interest 12/29/1995 Interest 01/31/1996 Interest 02/29/1996 Interest 03/29/1996 Interest 04/30/1996 Interest 05/31/1996 Interest 06/28/1996 Interest 07/31/1996 Interest 08/30/1996 Interest 09/30/1996 Interest 10/31/1996 Interest 11/29/1996 Interest 12/31/1996 Interest 01/31/1997 Interest 02/28/1997 Interest 03/31/1997 Interest 04/30/1997 Interest 05/30/1997 Interest 06/30/1997 Interest 07/31/1997 Interest Page 2 $ (4) 6.71 7.56 10.80 9.65 5.93 9.10 5.40 4.96 7.00 3.23 3.52 6.69 2.36 2.93 2.90 6.77 2.94 6.60 1. 83 1. 40 4.32 0.87 0.90 5.59 1.73 2.81 7.24 2.27 2.55 7.52 4.47 2.23 5.71 2.06 2.13 6.11 1.77 1. 84 4.51 2.04 2.06 6.37 2.40 2.33 4.03 0.92 0.96 Receipts of Income (Continued) First Union National Bank - Trust Checking Account 08/29/1997 Interest $ 6.25 09/30/1997 Interest 3.71 10/31/1997 Interest 3.83 11/28/1997 Interest 6.45 12/31/1997 Interest 4.19 01/30/1998 Interest 4.20 02/27 /1998 Interest 7.03 03/31/1998 Interest 4.97 04/30/1998 Interest 4.82 OS/29/1998 Interest 8.11 06/30/1998 Interest 5.55 07/31/1998 Interest 5.75 08/31/1998 Interest 10.55 09/30/1998 Interest 6.32 10/30/1998 Interest 6.70 11/30/1998 Interest 10.04 12/31/1998 Interest 6.95 01/29/1999 Interest 6.52 02/26/1999 Interest 10.74 03/31/1999 Interest 8.17 04/30/1999 Interest 7.44 OS/28/1999 Interest 9.96 06/30/1999 Interest 9.33 07/30/1999 Interest 8.50 08/31/1999 Interest 13 .28 09/30/1999 Interest 9.55 10/29/1999 Interest 9.25 11/30/1999 Interest 14.57 12/31/1999 Interest 10.97 01/31/2000 Interest 10.96 02/29/2000 Interest 9.21 03/31/2000 Interest 6.31 04/28/2000 Interest 5.71 05/31/2000 Interest 5.53 06/30/2000 Interest 1. 61 07/31/2000 Interest 0.93 $ 842.60 Rite Aid Corporation 03/15/1990 Dividend payment $ 1,856.25 04/30/1990 Dividend payment 1,856.25 07/30/1990 Dividend payment 1,856.25 10/29/1990 Dividend payment 1,856.25 01/28/1991 Dividend payment 2,062.50 04/29/1991 Dividend payment 2,062.50 07/29/1991 Dividend payment 2,062.50 Page 3 (5) Receipts ofIncome (Continued) Rite Aid Corporation 10/28/1991 Dividend payment $ 2,062.50 01/27 /1992 Dividend payment 2,268.75 04/27/1992 Dividend payment 2,268.75 07/27 /1992 Dividend payment 2,268.75 10/26/1992 Dividend payment 2,268.75 01/25/1993 Dividend payment 2,475.00 04/26/1993 Dividend payment 2,475.00 07/26/1993 Dividend payment 2,475.00 10/25/1993 Dividend payment 2,475.00 01/24/1994 Dividend payment 2,475.00 04/25/1994 Dividend payment 2,475.00 07/25/1994 Dividend payment 2,475.00 10/24/1994 Dividend payment 2,475.00 01/23/1995 Dividend payment 2,805.00 05/01/1995 Dividend payment 2,805.00 07/31/1995 Dividend payment 2,805.00 10/30/1995 Dividend payment 2,805.00 01/29/1996 Dividend payment 3,052.50 04/29/1996 Dividend payment 3,052.50 07/29/1996 Dividend payment 3,052.50 10/28/1996 Dividend payment 3,052.50 11 /18 /1996 Redemption of rights @ 0.01 per 165.00 share 01/27 /1997 Dividend payment 3,300.00 04/28/1997 Dividend payment 3,300.00 07/28/1997 Dividend payment 3,300.00 10/27 /1997 Dividend payment 3,300.00 02/02/1998 Dividend payment 3,547.50 05/01/1998 Dividend payment 3,547.50 07/30/1998 Dividend payment 3,547.50 10/26/1998 Dividend payment 3,547.50 01/28/1999 Dividend payment 3,795.00 04/29/1999 Dividend payment 3,795.00 07/29/1999 Dividend payment 3,795.00 10/28/1999 Dividend payment 3,795.00 $ 110,715.00 Total Income Received $ 111,557.60 Page 4 (6) Cynthia Lee Crispen T/U/A Gains and Losses on Sales or Other Dispositions Net Gain Net Loss 11102/1989 Collection Jsmes F. Crispen - Initial cash gift to Trust Deposit of initial gift to Trust to checking account Net Proceeds $ Carried at 22,923.53 22,923.53 12102/1989 Collection Cash gift to trust Net Proceeds Carried at $ 4,992.56 4,992.56 05/17/1997 Collection James F. Crispen - 1997 Cash gift to Trust Net Proceeds $ Carried at 1,500.00 1,500.00 08/20/2000 Sale First Union National Bank - Trust Checking Account Final interest on 1st Union checking account Net Proceeds $ Carried at 0.93 0.93 09/20/2000 Collection 2000 Cash gift to trust from James F Crispen MD James F Crispen MD gift Net Proceeds $ Carried at 1,996.62 1,996.62 10/10/2000 Collection First Union National Bank - Trust Checking Account Net Proceeds $ Carried at 13.36 13.36 Page 1 (7) Gains and Losses on Sales or Other Dispositions (Continued) Net Gain Net Loss 10/10/2000 Collection First Union National Bank - Trust Checking Account Net Proceeds $ 0.93 Carried at 0.93 10/10/2000 Collection Northwestern Mutual Life premium refund for paid-up poley received refund of premium on Northwestern Mutual paid-up poliey Net Proceeds $ 14.29 Carried at 14.29 Total Gains and Losses No Gain or Loss $ $ 0.00 $ 0.00 0.00 Page 2 (8) Cynthia Lee Crispen T/U/A Disbursements Date Paid Amount Paid Administration Expenses Administration Expenses (Prin) 01/10/1990 Trust checking account - $ 8.10 check order OS/20/1998 Trust checking account - 11.52 check order Total Administration Expenses (Prin) $ 19.62 Income Taxes (Principal) 03/13/1991 Internal Revenue Service $ 439.00 - 1990 Form 1041 03/13/1991 PA Department of Revenue 64.00 - 1990 Form PA-41 Total Income Taxes (Principal) $ 503.00 Total Administration Expenses $ 522.62 Fees and Commissions Fees and Commissions (Prin) 05/14/1997 Keefer Wood Allen & $ 128.63 Raha 1, LLP - attorneys' disbursements Total Fees and Commissions (Prin) $ 128.63 Fees and Commissions 05/14/1997 Keefer Wood Allen & $ 943.38 Rahal, LLP - attorneys' fees for period 1/1/1996 through 3/31/1997 Total Fees and Commissions $ 943.38 $ 1,072.01 Page 1 (9) Date Paid Page 2 Disbursements (Continued) Fees and Commissions Total Fees and Commissions Total Disbursements Amount Paid $ (10) 1 ,594.63 Cynthia Lee Crispen TIU/A Distributions to Beneficiaries Transfers 08/20/2000 Transfer From: First Union National Bank - Trust Checking Account To: First Union National Bank - Trust Checking Account Total Transfers Total Distributions Page 1 $ 0.93 (11) Distribution Value $ 0.93 $ 0.93 No. of Shares 33,000 Page 1 Cynthia Lee Crispen TIU/A Balance On Hand Valued as of April 19, 2005 Cash and Cash Equivalents KWAR Escrow Account Total Cash and Cash Equivalents Stocks Rite Aid Corporation Total Stocks Miscellaneous $500,000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. Total Miscellaneous Total Balance on Hand (12) Inventory Value $ 14.29 $ 317,625.00 $ 141,375.68 $ 14.29 $ 317,625.00 $ 141,375.68 $ 459,014.97 Cynthia Lee Crispen T/U/A Information Schedules New Investments $500/000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. 11/02/1989 Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment 12/20/1989 02/26/1990 OS/21/1990 08/21/1990 Inventory Value $ 4,992.56 3,099.98 3,099.98 3,099.98 3,099.98 11/21/1990 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 02/26/1991 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment OS/22/1991 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 08/20/1991 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 11/19/1991 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment Page 1 (13) Information Schedules (Continued) New Investments $500,000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. (Continued) 02/18/1992 Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Premium on Northwestern Mutual Life Insurance Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment 05/19/1992 08/19/1992 11/19/1992 02/23/1993 OS/25/1993 08/17/1993 12/15/1993 02/21/1994 05/19/1994 Page 2 (14) Inventory Value $ 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 . Information Schedules (Continued) New Investments $500,000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. (Continued) 08/23/1994 Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment 11/24/1994 02/22/1995 05/16/1995 08/16/1995 11/17/1995 02/23/1996 05/10/1996 08/22/1996 11/13/1996 Page 3 (15) Inventory Value $ 3,099,98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,098.98 . Information Schedules (Continued) New Investments Inventory Value $500,000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. (Continued) 02/18/1997 05/14/1997 Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment $ 3,098.98 3,098.98 08/18/1997 Purchased 3,098.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 11/12/1997 Purchased 3,098.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 02/20/1998 Purchased 3,098.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 05/13/1998 Purchased 3,098.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 08/18/1998 Purchased 3,098.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 11/16/1998 Purchased 3,098.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 02/12/1999 Purchased 3,098.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 05/10/1999 Purchased 3,098.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment Page 4 (16) . . Information Schedules (Continued) New Investments $500,000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. (Continued) 08/16/1999 Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased preemium on Northwestern Life Mutual policy Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased premium on life insurance 11/16/1999 02/14/2000 02/14/2000 05/17/2000 09/21/2000 Total New Investments Exchanges and Stock Distributions $500,000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. 11/02/1989 Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment 12/20/1989 Page 5 (17) Inventory Value $ 3,098.98 3,098.98 970.99 2,127.99 3,098.98 3,098.98 $ 141,375.68 Inventory Value $ 4,992.56 3,099.98 . . Information Schedules (Continued) Exchanges and Stock Distributions $500,000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. (Continued) 02/26/1990 Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment OS/21/1990 08/21/1990 11/21/1990 02/26/1991 OS/22/1991 08/20/1991 11/19/1991 02/18/1992 05/19/1992 Page 6 (18) Inventory Value $ 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 . . Information Schedules (Continued) Exchanges and Stock Distributions Inventory Value $500,000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. (Continued) 08/19/1992 11/19/1992 Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment $ 3,099.98 3,099.98 02/23/1993 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment OS/25/1993 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 08/17/1993 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 12/15/1993 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 02/21/1994 Purchased 3,099.98 Premium on Northwestern Mutual Life Insurance 05/19/1994 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 08/23/1994 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 11/24/1994 Purchased 3,099.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment Page 7 (19) . . Information Schedules (Continued) Exchanges and Stock Distributions $500,000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. (Continued) 02/22/1995 Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment 05/16/1995 08/16/1995 11/17/1995 02/23/1996 05/10/1996 08/22/1996 11/13/1996 02/18/1997 05/14/1997 Page 8 (20) Inventory Value $ 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,099.98 3,098.98 3,098.98 3,098.98 . . Information Schedules (Continued) Exchanges and Stock Distributions $500,000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. (Continued) 08/18/1997 Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment 11/12/1997 02/20/1998 05/13/1998 08/18/1998 11/16/1998 02/12/1999 05/10/1999 08/16/1999 11/16/1999 Page 9 (21) , Inventory Value $ 3,098.98 3,098.98 3,098.98 3,098.98 3,098.98 3,098.98 3,098.98 3,098.98 3,098.98 3,098.98 c . . Information Schedules (Continued) Exchanges and Stock Distributions Inventory Value $500,000 face value whole life insurance policy. James F. Crispen, the grantor of the trust, is the insured. (Continued) 02/14/2000 Purchased Northwestern Mutual Life Policy #11244311 - insurance premium payment $ 970.99 02/14/2000 Purchased 2,127.99 Preemium on Northwestern Life Mutual policy 05/17/2000 Purchased 3,098.98 Northwestern Mutual Life Policy #11244311 - insurance premium payment 09/21/2000 Purchased 3,098.98 premium on life insurance On Hand $ 141,375.68 Rite Aid Corporation 11/02/1989 8,250 Shs. Received $ 317,625.00 07/08/1991 8,250 Shs. Received via split 0.00 2-for-l stock spl it 16,500 Shs. On Hand $ 317,625.00 02/02/1998 16,500 Shs. Received via split 0.00 2-for-l stock split 33,000 Shs. On Hand $ 317,625.00 Page 10 (22) . - . ~ . Cynthia Lee Crispen T/U/A Unrealized Gains and Losses Market Value Inventory Value Gain or (Loss) $500,000 face value whole life $ 0.00 $ 30,762.39 $ (30,762.39) insurance policy. James F. Crispen, the grantor of the trust, is the insured. Rite Aid Corporation 0.00 317,625.00 (317,625.00) 33,000 Shares $500,000 face value whole life 0.00 110,613.29 (110,613.29) insurance policy. James F. Crispen, the grantor of the trust, is the insured. Total Unrealized $ 0.00 $ 459,000.68 $ (459.000.68) Page 1 (23)