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The Patlee Living Revocable Trust Agreement This living revocable Trust Agreement is made this 1st day of August, 2014 . It is executed in duplicate between Lee R. Phillips and Patsy S. Phillips , acting in their various current property ownership capacities, and Lee R. Phillips and Patsy S. Phillips, acting in their new fiduciary capacities as Trustees of the Trusts created by this Trust Agreement. When acting in their current ownership capacities, Lee R. Phillips and Patsy S. Phillips will be referred to individually or jointly, throughout this Trust Agreement, as the Undersigned or by their names, Lee and Patsy . When acting in their new capacities as Trustees, Lee R. Phillips and Patsy S. Phillips will be referred to, individually and jointly, throughout this Trust Agreement as the Trustees or the Trustee. Article 1 TRANSFERS IN TRUST In exchange for valuable consideration, Lee R. Phillips and Patsy S. Phillips, husband and wife, of the City of Provo , County of Emerald , State of Utah , now transfer, assign, grant, convey, pay over, and deliver to Lee and Patsy as Trustees and their successor Trustees the property listed in Schedule "A" or the supplemental schedules annexed to this Trust Agreement and incorporated into this Trust Agreement by reference. The Trustees are to have and to hold all of this property, and any cash, securities, or other property which they may acquire at any time under any of the provisions of this Trust Agreement. All property which comes under the control of this Trust Agreement will be referred to collectively as the "Trust Estate," and it will be held for the uses and purposes and upon the terms and conditions set forth below. - Page 1 -

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Page 1:   · Web viewThis includes property listed on "Schedule A." After the death of either Lee or Patsy, property added to the Trust Estate, which is the property of the surviving spouse,

The Patlee Living Revocable Trust Agreement

This living revocable Trust Agreement is made this 1st day of August, 2014. It is executed in duplicate between Lee R. Phillips and Patsy S. Phillips, acting in their various current property ownership capacities, and Lee R. Phillips and Patsy S. Phillips, acting in their new fiduciary capacities as Trustees of the Trusts created by this Trust Agreement. When acting in their current ownership capacities, Lee R. Phillips and Patsy S. Phillips will be referred to individually or jointly, throughout this Trust Agreement, as the Undersigned or by their names, Lee and Patsy. When acting in their new capacities as Trustees, Lee R. Phillips and Patsy S. Phillips will be referred to, individually and jointly, throughout this Trust Agreement as the Trustees or the Trustee.

Article 1TRANSFERS IN TRUST

In exchange for valuable consideration, Lee R. Phillips and Patsy S. Phillips, husband and wife, of the City of Provo, County of Emerald, State of Utah, now transfer, assign, grant, convey, pay over, and deliver to Lee and Patsy as Trustees and their successor Trustees the property listed in Schedule "A" or the supplemental schedules annexed to this Trust Agreement and incorporated into this Trust Agreement by reference. The Trustees are to have and to hold all of this property, and any cash, securities, or other property which they may acquire at any time under any of the provisions of this Trust Agreement. All property which comes under the control of this Trust Agreement will be referred to collectively as the "Trust Estate," and it will be held for the uses and purposes and upon the terms and conditions set forth below.

Whenever or however it is transferred or conveyed into the control of this Trust Agreement, Lee's and Patsy's property which is separate property, prior to its transfer into the Trust, shall remain the sole and separate property of Lee or Patsy, whichever made the transfer of that particular property into the Trust. Whenever or however it is transferred or conveyed into the control of this Trust Agreement, Lee's and Patsy's property which is community property, whether under joint or sole management, and all proceeds from such community property shall remain community property. Transfer of community property into the Trust shall not be construed a partition of the community property, unless there is an express written

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agreement to that effect between Lee and Patsy. All property transferred to the Trust shall be subject to the terms of this Trust Agreement. Property which is held for the sole and separate benefit of Lee R. Phillips should be listed on a schedule designated as the "LeeLee Trust Schedule" or held in the name of the "LeeLee Trust." Similarly, property which is held for the sole and separate benefit of Patsy S. Phillips should be listed on a schedule designated as the "PatPat Trust Schedule" or held in the name of the "PatPat Trust." At any time, property may be transferred to the LeeLee Trust from any source, and such property shall be held in the sole and separate control of Lee R. Phillips as Trustee and for the sole and separate benefit of Lee R. Phillips. At any time, property may be transferred to the PatPat Trust from any source, and such property shall be held in the sole and separate control of Patsy S. Phillips as Trustee and for the sole and separate benefit of Patsy S. Phillips. Both the LeeLee Trust and the PatPat Trust are held as isolated and separate portions of this the Patlee Living Revocable Trust Agreement.

If both Lee and Patsy are still living, whenever property is added to this Trust, property which is not specifically appointed to either the LeeLee Trust or the PatPat Trust shall be assumed to be held for both Lee R. Phillips and Patsy S. Phillips, each having equal control as a Co-Trustee and equal benefit. This is a rebuttable assumption which can be overcome if it can be shown that the property was separately owned prior to transfer and that there was no specific intent that it be equally allocated. This includes property listed on "Schedule A." After the death of either Lee or Patsy, property added to the Trust Estate, which is the property of the surviving spouse, shall be added to the Trust being held for the sole and separate benefit of the surviving spouse, whether it is the LeeLee Trust or PatPat Trust.

Article 2DISPOSITION BEFORE THE DEATH OF EITHER

LEE R. PHILLIPS OR PATSY S. PHILLIPS

Before the death of either Lee or Patsy, the Trustees shall hold, manage, invest, and reinvest the Trust Estate for the benefit of Lee and Patsy. The Trustees shall collect the income generated by the Trust Estate and shall dispose of the net income and principal as follows:

(A) The Trustees shall pay to Lee and Patsy all of the net income of this Trust Estate. Payments may be made in monthly or other convenient installments, as the Trustees deem advisable in their sole discretion, but all of the net income must be paid out at least annually.

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In addition to payment of the net income, the Trustees shall, in their discretion, pay or apply for the benefit of Lee and/or Patsy, any amount of the principal of the Trust Estate, up to the whole thereof, as the Trustees shall from time to time deem necessary or advisable for the health, education, and support of Lee and/or Patsy. The Trustees shall take into consideration, to the extent they deem advisable, any other income or resources of Lee and/or Patsy known to the Trustees. The Trustees need not require the exhaustion of personal resources as a consideration for making distributions under the authority of this paragraph. The judgment of the Trustees as to the propriety and amount of all such payments shall be conclusive.

However, any income and principal paid or distributed from the Trust Estate which is allocated to either the LeeLee Trust or the PatPat Trust shall be paid out or distributed only to the designated beneficiary of each such trust. The Trustees shall apply the terms set forth above when making these individual payments and distributions.

(B) As long as Lee is alive and competent, he reserves the right, without the consent or approval of Patsy, to amend, modify, or revoke this Trust concerning the property being held in the LeeLee Trust. This reserved right is effective not only for the specified principal, but also the present or past undistributed income from that principal. This right may only be exercised by a written document signed by Lee.

As long as Patsy is alive and competent, she reserves the right, without the consent or approval of Lee, to amend, modify, or revoke this Trust concerning the property being held in the PatPat Trust. This reserved right is effective not only for the specified principal, but also the present or past undistributed income from that principal. This right may only be exercised by a written document signed by Patsy.

As long as both Lee and Patsy are alive and competent, they reserve the right to jointly amend, modify, or revoke this Trust concerning the Trust Estate which is not specifically held in either the LeeLee Trust or the PatPat Trust. This jointly reserved right is effective not only for the specified principal, but also the present or past undistributed income from that principal. Unless otherwise waived, this jointly held right may only be exercised by a written document signed by both Lee and Patsy.

All changes made under this Article subsection shall be effective as soon as the document is signed, even without notice to any Trustee.

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(C) While a Trust created hereby remains revocable, the Trustee(s), in their sole discretion, may invest the Trust Estate without regard to the risks associated with the investment. Any use shall be deemed to have been made with the consent and approval of the Trustee(s), successor Trustee(s), and the beneficiaries.

Article 3DISPOSITION AFTER THE DEATH OF EITHER

LEE R. PHILLIPS OR PATSY S. PHILLIPS

Upon the death of either Lee or Patsy, whichever spouse should die first, and subject to a change in Trustees, this Trust shall continue as then constituted or as it may be increased from any sources, and it shall be administered as follows:

(A) The trust being held for the surviving spouse's sole and separate benefit, whether that is the LeeLee Trust or the PatPat Trust, shall continue under the same terms and conditions as established before the death of either Lee or Patsy. Such Trust shall not be included in the Trust Estate for division into Trust B and Trust A as described below.

(B) The Trustees shall divide the Trust Estate into two (2) separate shares. For purposes of this division, the Trust Estate shall include any property which may be added from the deceased spouse's estate and all of the property in the Trust Estate being held for the deceased spouse's benefit, whether it is the LeeLee Trust, the PatPat Trust, and/or the Patlee Trust. One share will be designated and referred to as Trust "A" and the other share will be designated and referred to as Trust "B." Trust A shall be composed of cash, securities, and/or other property of the Trust Estate, (excluding any Trust Estate property that is being held in the Trust for the sole and separate benefit of the surviving spouse, whether it is the LeeLee Trust or the PatPat Trust) undiminished by any estate, inheritance, succession, death or similar taxes. The assets set aside from the Trust Estate in order to establish Trust A shall have a value equal to the maximum marital deduction allowable to the deceased spouse's estate for federal estate tax purposes. However, this value equal to the maximum marital deduction shall be reduced by the sum of (1) the aggregate amount, if any, allowed as a marital deduction for property or interests in property passing or that have passed to the surviving spouse otherwise than by the terms of this Article and (2) the amount, if any, needed to increase the deceased spouse's taxable estate (for federal estate tax purposes) to the largest amount that will result in the smallest, if any, federal and state estate tax being imposed on the deceased spouse's estate. This amount needed to increase the deceased spouse's estate (for federal

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estate tax purposes) should be determined after allowing for the unified federal estate tax credit available to the deceased spouse's estate and the state death tax credit against such tax (but only to the extent that the use of such state death tax credit does not increase the death tax payable to any state).

The Trustees need not interpret the term "maximum marital deduction" as requiring them to make an election solely for the purpose of creating the largest possible estate tax marital deduction. A non-exhaustive list of the elections referred to includes elections concerning estate administration expenses, the determination of the estate tax valuation date, and other elections required under any tax law. The Trustees shall have the sole discretion to select the assets which shall constitute Trust A. In no event shall the Trustees include in Trust A any asset or the proceeds of any asset which will not qualify for the federal estate tax marital deduction. To the extent Trust A cannot be created with such qualifying assets, its value shall be reduced. Any asset selected by the Trustees for distribution in kind to Trust A shall be valued at the value of the asset on the date it is distributed to Trust A.

(C) The Trustees are directed to file, or have the personal representative of the deceased spouse’s estate file, all tax forms and make all elections necessary to insure that the deceased spouse’s unused federal estate tax exemptions, if any, are transferred to the surviving spouse under federal “estate tax portability provisions.”

(D) Trust B shall be the balance of the Trust Estate, subject to the division, after the assets have been selected for Trust A.

(E) Trust A and Trust B shall be administered according to the terms of this Trust Agreement as detailed below.

Article 4MANAGEMENT AND DISPOSITION OF

THE SURVIVING SPOUSE'S SEPARATE TRUST

The Trust being held for the sole and separate benefit of the surviving spouse, whether it is the LeeLee Trust or the PatPat Trust, will be held, administered, and distributed as follows:

(A) The Trustee shall continue to pay or apply for the benefit of the surviving spouse, during his or her lifetime, all of the net income from the Trust being held for his or her sole and separate benefit. Such payment or

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application of income must be made at least annually, but may be made in convenient installments as the Trustee in his or her discretion shall determine.

(B) In addition to payment of the net income of the Trust, the Trustee shall continue to pay or apply for the benefit of the surviving spouse, during his or her lifetime, such sums from the principal of the Trust being held for his or her sole and separate benefit as in the Trustee’s sole discretion shall be necessary and advisable from time to time for the health, education, and support of the surviving spouse. The Trustee shall take into consideration, to the extent the Trustee deems advisable, any other income or resources of the surviving spouse known to the Trustee. The Trustee need not require the exhaustion of personal resources as a consideration for making distributions under the authority of this paragraph. The judgment of the Trustee as to the propriety and amount of all such payments shall be conclusive.

(C) The surviving spouse will continue, during his or her lifetime, to have the right to withdraw all or any part of the principal of the Trust being held for his or her sole and separate benefit, free of trust, by delivering an instrument in writing duly signed by him or her to the Trustee, describing the property or portion thereof desired to be withdrawn. Upon receipt of such instrument, the Trustee shall convey and deliver to the surviving spouse, free of trust, the property described in the instrument.

(D) As long as the surviving spouse is alive and competent, he or she reserves the right to amend, modify, or revoke this Trust. This reserved right is effective not only for the principal, but also the present or past undistributed income from that principal. This right may only be exercised by a written document signed by the surviving spouse. All changes made under this paragraph shall be effective as soon as the document is signed, even without notice to any successor Trustee.

(E) Upon the death of the surviving spouse, the entire remaining principal of the Trust being held for his or her benefit, whether that is the LeeLee Trust or the PatPat Trust, together with any accrued and undistributed income therefrom, shall be paid over, conveyed, and distributed to or in trust for such appointee or appointees (including the estate of the surviving spouse), in such manner and in such proportions as the surviving spouse may appoint in and by his or her last will. The will must make specific reference to the power of appointment conferred upon the surviving spouse by this paragraph. In disposing of the Trust being held for the surviving spouse’s sole and separate benefit, the Trustees shall be protected in relying upon an instrument admitted to probate in any

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jurisdiction as the last will of the surviving spouse or in acting upon the assumption that the surviving spouse died intestate when the Trustee has no notice of the existence of a will of the surviving spouse within six (6) months after the death of the surviving spouse.

If the power of appointment granted here is not specifically exercised by the surviving spouse, or insofar as any part of the Trust being held for his or her sole and separate benefit shall not be effectively appointed, then upon the death of the surviving spouse, the entire remaining principal of the Trust or the part of such Trust not effectively appointed, shall be distributed as follows:

(1) If the surviving spouse has not specifically exercised his or her power of appointment to pay any part of the estate, succession, death or similar taxes assessed with respect to the assets of the Trust being held for his or her sole and separate benefit, then the Trustee shall pay to the executors or administrators of the surviving spouse’s estate, for the purposes of paying such taxes, the amount by which such taxes assessed by reason of the surviving spouse's death shall be increased as a result of the inclusion of the assets of the Trust, being held for his or her sole and separate benefit, in his or her estate for such tax purposes, but excluding for purposes of such calculation the assets of Trust A.

(2) Taking into account distributions made, if any, under subparagraph (1) above, the balance of the principal of the Trust being held for the sole and separate benefit of the surviving spouse, shall be added to and become a part of Trust B, and shall be held, administered, or distributed in whole or in part, as if it had been an original part of Trust B.

Article 5MANAGEMENT OF TRUST A

Trust A, which is often referred to as the Marital Deduction Trust, will be established when the first of either Lee or Patsy dies, whichever spouse should die first. This Trust A shall be held, administered and distributed as follows:

(A) Commencing at the death of Lee or Patsy, whichever should die first, the Trustees shall pay to or apply for the benefit of the surviving spouse, whether Lee or Patsy, during his or her lifetime all of the net income from Trust A. The net income from Trust A may be paid to the surviving

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spouse in convenient installments, but all of the income must be paid out at least annually. Any accrued and undistributed income which is being held in the Trust at the time of the death of the surviving spouse shall be paid to his or her estate according to the terms of Paragraph (F) below.

(B) In addition to the net income payments, the Trustees may pay to or apply for the benefit of the surviving spouse any amount of the principal of Trust A. The Trustees may use their sole discretion in determining the timing, necessity, and advisability of these principal payments, all of which shall be made for the health, education, and support of the surviving spouse. The Trustees may take into consideration, to the extent they deem advisable, any other income or resources of the surviving spouse known to the Trustees. The Trustees need not require the exhaustion of personal resources as a consideration for making distributions under the authority of this paragraph. The judgment of the Trustees as to the propriety and amount of all such payments shall be conclusive.

(C) By giving written notice to the Trustees, the surviving spouse may at any time require the Trustees either to make any nonproductive property of this Trust productive or to convert the nonproductive property to productive property within a reasonable time.

(D) The surviving spouse may at any time, during his or her lifetime, withdraw all or any part of the principal of the Trust A, free of trust, by delivering an instrument in writing duly signed by him or her to the Trustee, describing the property or portion thereof desired to be withdrawn. Upon receipt of such instrument, the Trustee shall convey and deliver to the surviving spouse, free of trust, the property described in the instrument.

(E) Unless the surviving spouse's will specifically provides that the estate, succession, death or similar taxes assessed with respect to the assets of Trust A be paid otherwise, the Trustees shall pay to the personal representatives and administrators of the estate of the surviving spouse for the purposes of paying such taxes, the amount by which such taxes assessed by reason of the surviving spouse's death shall be increased as a result of the inclusion of the assets of Trust A in his or her estate for such tax purposes.

(F) Upon the death of the surviving spouse, the entire remaining principal of Trust A, together with any accrued and undistributed income therefrom, shall be paid over, conveyed and distributed to or put in trust for the appointee or appointees (including the estate of the surviving spouse), in such manner and in such proportions as the surviving spouse may appoint in

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his or her last will. This appointment power must be specifically referenced and exercised in the last will. In disposing of Trust A, the Trustees shall be protected in relying upon an instrument admitted to probate in any jurisdiction as the last will of the surviving spouse. The Trustees may also be protected by acting upon the assumption that the surviving spouse died intestate if the Trustees have no notice of the existence of a will of the surviving spouse within six (6) months after his or her death.

If this power of appointment is not specifically exercised in the surviving spouse's last will, or insofar as any part of Trust A shall not be effectively appointed or used to pay the estate, succession, death or similar taxes assessed with respect to the assets of Trust A, then upon the death of the surviving spouse, the entire remaining principal of Trust A shall be added to and become a part of Trust B and shall be held and administered or distributed in whole or in part, as if it had been an original part of Trust B.

Article 6MANAGEMENT OF TRUST B

Trust B, which is also known as the nonmarital, "Shelter Trust," or "Family Trust," will be established when the first of either Lee R. Phillips or Patsy S. Phillips dies, whichever spouse should die first. This Trust B shall be held separately from Trust A and the Trust being held for the sole and separate benefit of the surviving spouse, whether it is the LeeLee Trust or the PatPat Trust. Trust B will continue as an irrevocable trust. It shall be held, administered, and distributed as follows:

(A) Commencing at the death of Lee or Patsy, whichever spouse should die first, and continuing until division of this Trust as described below, the Trustees of Trust B shall pay to or apply for the benefit of the surviving spouse, during his or her lifetime, and the issue of Lee and / or Patsy all of the net income from Trust B. Such payment or application of income must be made at least quarter-annually, but may be made in convenient installments and in such shares and proportions as the Trustees in their discretion shall determine. The Trustees shall take into consideration the income, earning capacity, resources and other sources of receipt of the beneficiary, together with any other factor which the Trustees shall deem pertinent to a distribution of income to the surviving spouse and the issue. The Trustees need not require the exhaustion of personal resources as a consideration for making distributions under the authority of this paragraph. The judgment of the Trustees as to the propriety and amount of all such payments shall be conclusive. The income of Trust B shall only be used and distributed for the health, education, and support of the beneficiaries.

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(B) Before the Trust Estate is divided into shares as described below, the principal of Trust B shall be used for the benefit of the surviving spouse and the issue of Lee and / or Patsy. The Trustees shall take into consideration the income, earning capacity, resources and other sources of receipt of the beneficiary, together with any other factor which the Trustees shall deem pertinent to a distribution of principal to the surviving spouse and the issue. The Trustees need not require the exhaustion of personal resources as a consideration for making distributions under the authority of this paragraph. The judgment of the Trustees as to the propriety and amount of all such payments shall be conclusive. The principal of Trust B shall only be used and distributed for the health, education, and support of the beneficiaries. Any payment or application of benefits for one of the issue of Lee and / or Patsy, pursuant to this Paragraph, shall be charged against this Trust as a whole rather than against the ultimate distributive share of the beneficiary to whom or for whose benefit the payment is made.

Before the Trust Estate is divided into shares as described below, the principal of the Trust Estate may also be used to make payments to or for the benefit of any one or more of the issue of a deceased beneficiary of this Trust. Such payments shall be made in the discretion of the Trustees for the health, education, and support of the issue of the deceased beneficiary. In deciding to make such payments, the Trustees may, to the extent they deem it advisable, consider any other income or resources of such issue known to the Trustees. The Trustees need not require the exhaustion of personal resources as a consideration for making distributions under the authority of this paragraph. The judgment of the Trustees as to the propriety and amount of all such payments shall be conclusive. Any payment or application of such sums of principal pursuant to this paragraph shall be charged against the ultimate distributive share of the beneficiary to whom or for whose benefit the payment is made.

(C) In addition to the income and discretionary payments of principal from Trust B, the Trustees shall pay to the surviving spouse, during his or her lifetime from the principal of Trust B upon his or her written request during the last month of each fiscal year of Trust B, an amount not to exceed, during such fiscal year, the greater of Five Thousand Dollars ($5,000.00) or Five percent (5%) of the total value of the principal of Trust B, on the last day of such fiscal year, without reduction for the principal payment for such fiscal year. This right of withdrawal is noncumulative, so that if the surviving spouse does not withdraw, during such fiscal year, the full amount to which he or she is entitled under this Paragraph, his or her right to withdraw the amount not withdrawn shall lapse at the end of that fiscal year.

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(D) When both Lee and Patsy have died, all distributions have been made according to Schedule B, if any, and all of their living children are at least twenty-five (25) years old, the Trustees shall divide this Trust, as it is then constituted, into equal separate shares, so as to provide One (1) share for each then living child of Lee and / or Patsy and One (1) share for each deceased child of Lee and / or Patsy who shall leave issue then living.

Each share provided for one of the living children of Lee and / or Patsy shall be distributed to that child. Each share provided for one of the deceased children of Lee and / or Patsy, who shall leave issue then living, shall be distributed per stirpes to the child's issue.

*** if parents living [if parents deceased, use alternate paragraph (E) below] (E) If at the time of the death of the surviving spouse, or at any later time prior to final distribution of this Trust, all of Lee's and / or Patsy's children and all of their issue are deceased, and no other disposition of the property is directed by this Trust, then all of the property remaining in this Trust will be distributed or retained in trust as hereinafter provided:

(1) The Trustees shall pay to or apply for the benefit of any one or more of Lee's and/or Patsy's parents, during their lifetimes, such amounts from the net income and principal of this Trust in such shares and proportions as the Trustees in their sole discretion shall determine for the health, education, and support of each. The Trustees shall take into consideration the income, earning capacity, resources and other sources of receipt of the beneficiary, together with any other factor which the Trustees may deem pertinent, but need not require the exhaustion of personal resources as a consideration for making distributions under the authority of this paragraph. The judgment of the Trustees as to the propriety and amount of all such payments shall be conclusive. Any income not so paid or applied shall be accumulated and added to principal.

(2) Upon the death of the last of Lee's and/or Patsy's parents to die, or when this paragraph becomes applicable, if none of the parents are then living, the remaining property of this Trust, together with any undistributed or accumulated income shall be divided, paid over, and distributed in equal shares to as many of Lee R. Phillips's and Patsy S. Phillips's brothers and sisters as shall then be living; provided, however, the then living issue of a deceased brother or sister of either

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Lee or Patsy shall take per stirpes the share their parent would have taken had he or she been then living.

*** if parents deceased, then to his and her brothers and sisters per stirpes(E) If at the time of the death of the surviving spouse, or at any later

time prior to final distribution of this Trust, all of Lee's and / or Patsy's children and all of their issue are deceased, and no other disposition of the property is directed by this Trust, then all of the property remaining in this Trust, together with any undistributed or accumulated income, shall be divided, paid over, and distributed in equal shares to as many of Lee R. Phillips's and Patsy S. Phillips's brothers and sisters as shall then be living; provided, however, the then living issue of a deceased brother or sister of either Lee or Patsy shall take per stirpes the share their parent would have taken had he or she been then living.

Article 7TRUSTEES

(A) The following people will act as Trustees in the following order of succession:

(1) Lee R. Phillips shall act as Trustee of the LeeLee Trust and Patsy S. Phillips shall act as Trustee of the PatPat Trust. While both Lee and Patsy are alive and capable of acting, they will act together as Trustees of all trust property not held in either the LeeLee Trust or the PatPat Trust.

(2) After the death of either Lee or Patsy, the survivor shall be the sole Trustee for Trust B, Trust A, and the Trust being held for his or her sole and separate benefit, whether it is the LeeLee Trust or the PatPat Trust. Additionally, the surviving spouse shall be the sole Trustee of the Trust that was held for the sole and separate benefit of the deceased spouse, whether it is the LeeLee Trust or the PatPat Trust. However, he or she shall have the power and discretion to appoint a Co-Trustee of any or all of the Trusts created by this Trust Agreement. Upon the death or incapacity of the surviving spouse, the next designated Trustee(s) shall become the sole Trustee(s) of Trust B, Trust A, the Trust being held for the sole and separate benefit of the surviving spouse, and if necessary, the Trust which was held for the sole and separate benefit of the first spouse to die.

*** pick one of the following two paragraphs--single trustee or joint trustees ***

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(3) In the event of the resignation, death, or incapacity of both of the original Co-Trustees, a successor or substitute Trustee will automatically act. When a successor or substitute Trustee is required to act, the first qualifying individual from the following ordered list shall act as successor and/or substitute Trustee for the Trusts created by this Trust Agreement.

(3) In the event of the resignation, death, or incapacity of both of the original Co-Trustees, successor and/or substitute Trustees will automatically act. When successor or substitute Trustees are required to act, the first two qualifying individuals from the following ordered list shall act jointly as successor and/or substitute Trustees for the Trusts created by this Trust Agreement. (3) In the event of the resignation, death, or incapacity of both of the original Co-Trustees, a successor or substitute Trustee will automatically act. When a successor or substitute Trustee is required to act, the first qualifying individual from the following ordered list shall act as successor and/or substitute Trustee for the Trusts created by this Trust Agreement.

1. Peter Piper Phillips2. Paul Simon Phillips3. Joe Buddy Smith4. First Cheatam Bank

(4) If there is ever a need to choose additional successor Trustees other than those designated above, a Trustee shall be chosen by a majority vote of the beneficiaries. A parent or legal guardian may vote on behalf of minor beneficiaries. The issue of any one of Lee's and / or Patsy's children shall have, collectively, only one vote.

(5) The successor or substitute Trustee(s) shall possess all the rights, powers and duties, authority and responsibility conferred upon the Trustee(s) originally named by this Trust Agreement.

(B) Because Lee and Patsy intend that the properties of Trust B shall not be includable in the estate of the surviving spouse or any successor Trustee for estate tax purposes, notwithstanding any provision in this Trust Agreement which may be interpreted to the contrary, neither the surviving spouse nor any successor Trustee shall be allowed to hold or exercise any powers which would cause the properties of Trust B to be included in the his or her estate for estate tax purposes. No Trustee of Trust B shall make any distribution from the principal or income of Trust B, which would have the effect of discharging any person's legal obligation to support any beneficiary of these Trusts or any share created by these Trusts.

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(C) Whenever two or more Trustees are designated to act concurrently, unless specifically required otherwise, the signature of only one (1) Trustee shall be required when dealing with Trust assets.

(D) While both Lee and Patsy are alive, they must act unanimously on matters where they are acting as co- Trustees. After the death or resignation as Trustee of either Lee or Patsy, whenever two or more Trustees are designated to act concurrently, the decision of the spouse, whether Lee or Patsy, when he or she is acting as a co-Trustee, shall be controlling. After the death or resignation of both Lee and Patsy, whenever two or more Trustees are designated to act concurrently, a majority of the acting Trustees, whether individual or corporate, shall have the power to make any decision, undertake any action, or execute any documents affecting the Trusts created by this Trust Agreement. The dissenting or nonassenting Trustees shall not be responsible for any action taken by a majority pursuant to such decision. If the two or more individual Trustees acting together cannot agree with a majority, the next qualifying Trustee shall have authority to act as an additional acting Trustee, for that instance only, and shall break the impasse.

(E) Any Trustee may from time to time delegate to one or more of the remaining Trustees any powers, duties, or discretions. However, no delegation shall be made which would frustrate the intents expressed in this Trust Agreement. Every such delegation shall be made by a writing from the Trustee delivered to the delegate or delegates. The delegation will remain effective for the time specified in the writing or until the delegation is revoked at an earlier time by another writing similarly delivered. Everyone dealing with the Trustees shall be absolutely protected in relying upon the certificate of any Trustee which shows on whose behalf the Trustee is acting and the extent of the Trustee's authority.

(F) Except as otherwise specified, no Trustee named above need give bond in any jurisdiction. If a fiduciary's bond may not be dispensed with, Lee and Patsy request that the bond be accepted without surety and in the lowest possible amount. In the absence of a breach of trust, no Trustee shall ever be required to qualify before, be appointed by or account to any court, or obtain the order or approval of any court in the exercise of any power or discretion granted by this Trust Agreement. In the event a corporate Trustee is designated to serve as Co-Trustee or as a substitute for any Trustee, such corporate Trustee shall be required to give a bond in an amount and manner determined by the standard practice of bonding institutions in the state where the corporate Trustee is to perform services on behalf of this Trust.

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(G) Any Trustee may decline to act or may resign at any time by giving thirty (30) days written notice to the effected beneficiaries or their legal guardians.

(H) During a period of physical or mental incapacitation of either Lee or Patsy, Lee R. Phillips and Patsy S. Phillips each appoints the other as sole acting Trustee of all trusts created hereunder. In the event both Lee and Patsy are unable to act, the next designated successor Trustee(s) will succeed to all possible positions of responsibility during the period of incapacitation. The successor Trustee(s) may supervise all Trust matters in which either Lee or Patsy would have had the right to act if he or she had not become incapacitated. The incapacitation of either Lee or Patsy shall be established either by a court of competent jurisdiction or by a written statement filed with the Trustees. The written statement (or similar separate statements) must be signed in good faith by an unrelated and independent physician, the incapacitated spouse's spouse, if living and competent, and all of the children of Lee and / or Patsy who are considered beneficiaries of this Trust Estate and who are of legal age, reasonably locatable, living, and competent. If the spouse and children are not all able to sign the statement, the statement must be signed by two unrelated and independent physicians acting in good faith, thus relieving the requirement that the spouse and all children sign the statement. Each Trustee, by accepting appointment as Trustee, hereby waives any and all HIPAA rights in order to let the necessary physicians provide the statements required by this paragraph. Presentation of this Trust Agreement, along with the acceptance of appointment as Trustee, shall be sufficient evidence of the waiver of such rights to authorize any physician to prepare a statement of competency for the purpose of determining incapacity under this Trust.

(I) No successor Trustee shall be liable for any misfeasance of any prior Trustee. A successor Trustee's accountability and responsibility shall be limited to those assets or properties, record title to which is in the name of the predecessor Trustee on the date when the successor Trustee commences to act and which are either delivered into the successor Trustee's possession or the existence of which is brought to his or her actual knowledge. The liability of any Trustee, whether prior or present, shall be limited and confined to the principal and income of the Trust Estate itself. A successor Trustee shall not be required to look into the accounting and actions of a prior Trustee.

(J) The Trustees shall pay and discharge all expenses incurred in the administration of these Trusts. They may use the income and if necessary

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the principal of the Trust Estate to make such expense payments. The successor Trustees shall be entitled to reasonable compensation for services they rendered to the Trust. Such reasonable compensation shall be similar to that of other trustees who perform similar services in the state in which the services are performed for this Trust. However, no Trustee shall be compensated in excess of what would be considered reasonable compensation in light of the responsibilities assumed and the services performed.

Article 8POWERS OF TRUSTEES

The Trustees are authorized, subject to the restrictions placed upon the discretionary use of income and principal of these Trusts by this Trust Agreement, to use their absolute discretion with respect to any property, real or personal, which may at any time be held under any provision of this Trust. The authorization granted the Trustees by this Article is granted in addition to any other rights, powers, authority and privileges granted by statute or general rules of law. The Trustees are authorized:

(A) To retain in the form received any property or undivided interests in property donated to, or otherwise acquired as a part of the Trust Estate, including residential property and shares of any corporate Trustee's own stock, regardless of any lack of diversification, risk or nonproductivity, as long as they deem advisable, and to exchange any such security or property for other securities or properties and to retain such items received in exchange, although said property represents a large percentage of the total property of the Trust Estate or even the entirety thereof.

(B) To invest and reinvest all or any part of the Trust Estate in any property and undivided interests in property, wherever located, including bonds, debentures, notes (secured or unsecured), stocks of corporations regardless of class, interests in limited partnerships, real estate or any interest in real estate (whether or not productive at the time of investment), interests in trusts, investment trusts (whether of the open and/or closed fund types and participation in common), collective or pooled trust funds of the Trustee, insurance contracts on the life of any beneficiary or annuity contracts for any beneficiary, without being limited by any statute or rule of law concerning investments by fiduciaries.

(C) To sell or dispose of or grant options to purchase any property, real or personal, constituting a part of the Trust Estate, for cash or upon credit, to exchange any property of the Trust Estate for other property, at

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such times and upon such terms and conditions as they may deem best, and no person dealing with it shall be bound to see to the application of any monies paid.

(D) To hold any securities or other property in his or her own name as Trustee, in their own names, in the name of a nominee (with or without disclosure of any fiduciary relationship) or in bearer form.

(E) To keep, at any time and from time to time, all or any portion of the Trust Estate in cash and uninvested for such reasonable period or periods of time as they may deem advisable, without liability for any loss in income by reason thereof.

(F) To sell or exercise stock subscription or conversion rights.

(G) To refrain from voting or to vote shares of stock owned by the Trust Estate at shareholders' meetings in person or by special, limited, or general proxy and in general to exercise all the rights, powers and privileges of an owner in respect to any securities constituting a part of the Trust Estate.

(H) To participate in any plan of reorganization or consolidation or merger involving any company or companies whose stock or other securities shall be part of the Trust Estate, and to deposit such stock or other securities under any plan of reorganization or with any protective committee and to delegate to such committee discretionary power with relation thereto, to pay a proportionate part of the expenses of such committee and any assessments levied under any such plan, to accept and retain new securities received by the Trustee pursuant to any such plan, to exercise all conversion, subscription, voting and other rights, of whatsoever nature pertaining to such property, and to pay any amount or amounts of money as they may deem advisable in connection therewith.

(I) To borrow money and to encumber, mortgage or pledge any asset of the Trust Estate for a term within or extending beyond the term of the Trust, in connection with the exercise of any power vested in the Trustees.

(J) To enter for any purpose into a lease as lessor or lessee with or without option to purchase or renew for a term within or extending beyond the term of the Trust.

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(K) To subdivide, develop, or dedicate real property to public use or to make or obtain the vacation of plats and adjust boundaries, to adjust differences in valuation on exchange or partition by giving or receiving consideration, and to dedicate easements to public use without consideration.

(L) To make ordinary or extraordinary repairs or alterations in buildings or other structures, to demolish any improvements, to raze existing or erect new party walls or buildings.

(M) To continue and operate any business owned by the Undersigned at the Undersigned's deaths and to do any and all things deemed needful or appropriate by the Trustees, including the power to incorporate the business and to put additional capital into the business, for such time as they shall deem advisable, without liability for loss resulting from the continuance or operation of the business except for their own negligence; and to close out, liquidate, or sell the business at such time and upon such terms as they shall deem best.

(N) To collect, receive, and receipt for rents, issues, profits and income of the Trust Estate.

(O) To insure the assets of the Trust Estate against damage or loss and the Trustees against liability with respect to third persons.

(P) In buying and selling assets, in lending and borrowing money, and in all other transactions, irrespective of the occupancy by the same person of dual positions, to deal with themselves in their separate, or any fiduciary, capacities.

(Q) To compromise, adjust, arbitrate, sue on or defend, abandon, or otherwise deal with and settle claims in favor of or against the Trust Estate as the Trustees shall deem best.

(R) To employ and compensate agents, accountants, investment advisors, brokers, appraisers, attorneys-in-fact, attorneys-at-law, tax specialists, realtors, and other assistants and advisors deemed by the Trustees needful for the proper administration of the Trust Estate, and to do so without liability for any neglect, omission, misconduct, or default of any such agent or professional representative provided he or she was selected and retained with reasonable care.

(S) To determine, irrespective of statute or rule of law, what shall be fairly and equitably charged or credited to income and what to principal

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notwithstanding any determination by the court or by any custom or statute, and whether or not to establish depreciation reserves.

(T) To hold and retain the principal of the Trust Estate undivided until actual division shall become necessary in order to make distributions; to hold, manage, invest, and account for the several shares or parts thereof by appropriate entries on the Trustees' books of account; and to allocate to each share or part of share its proportionate part of all receipts and expenses; provided, however, the carrying of several trusts as one shall not defer the vesting in title or in possession of any share or part of share thereof.

(U) To make payment in cash or in kind, or partly in cash and partly in kind upon any division or distribution of the Trust Estate (including the satisfaction of any pecuniary distribution) without regard to the income tax basis of any specific property allocated to any beneficiary and to value and appraise any asset and to distribute such asset in kind at its appraised value.

(V) In general, to exercise all powers in the management of the Trust Estate which any individual could exercise in his or her own right, upon such terms and conditions as they may deem best, and to do all acts which they may deem necessary or proper to carry out the purposes of this Trust.

(W) To purchase property, real or personal, from the Undersigned's general estates upon such terms and conditions as to price and terms of payment as the Undersigned's executors or administrators and the Trustees shall agree, to hold the property so purchased in the Trust although it may not qualify as an authorized trust investment except for this provision, and to dispose of such property as and when the Trustees shall deem advisable. The fact that the Undersigned's executors or administrators and the Trustees are the same shall in no way affect the validity of this provision.

(X) To lend funds to the Undersigned's general estates upon such terms and conditions as to interest rates, maturities, and security as the Undersigned's executors or administrators and the Trustees shall agree, the fact that they may be the same in no way affects the validity of this provision.

(Y) To receive property bequeathed, devised or donated to the Trustees by the Undersigned or any other person; to receive the proceeds of any insurance policy which names any Trustee as beneficiary; to execute all necessary receipts and releases to executors, donors, insurance companies and other parties adding property to the Trust Estates.

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(Z) To permit any beneficiary or beneficiaries to occupy rent free any residence constituting a part of the assets of a trust for such beneficiary or beneficiaries and to pay the real estate taxes thereon, expenses of maintaining said residence in suitable repair and condition and hazard insurance premiums on said residence; provided, however, no Trustee shall exercise this power in any way which would deprive the surviving spouse under Trust A of the beneficial enjoyment of Trust A and such surviving spouse shall have the right to limit, restrict or terminate the Trustees' exercise of this power if it interferes with such beneficial enjoyment.

Article 9MARITAL DEDUCTIONS SAVINGS CLAUSE

It is expressly provided that the grant of rights, powers, privileges and authority to the Trustees in connection with the imposition of duties upon said Trustees by any provisions of this Trust or by any statute relating thereto shall not be effective if and to the extent that the same, if effective, would disqualify the marital deduction as established in Trust A hereof. The Trustees shall invest the Trust Estate so that it will produce for the surviving spouse during his or her lifetime an income or use which is consistent with the value of the Trust Estate and with its preservation. It is expressly provided that the Trustees shall not in the exercise of their discretion make any determination inconsistent with the foregoing especially in regard to and including but not limited to the powers granted in Article 8 hereof and by a statute granting powers to a Trustee.

Article 10TRUSTEES FOR MINOR BENEFICIARIES

If any share of this Trust Estate, which is not otherwise distributed by the terms of this Trust Agreement, becomes distributable to a beneficiary who has not attained the age of eighteen (18) years, then the share shall immediately vest in the beneficiary. Notwithstanding other provisions of this Trust Agreement, the Trustees may, in their discretion, retain possession of the share. The share shall be held in trust for the beneficiary until he or she attains the age of eighteen (18). The Trustees shall pay to the beneficiary all of the net income of his or her share at least annually. The Trustees shall, in their discretion, pay or apply for the benefit of the beneficiary, any amount of the principal of his or her share, up to the whole thereof, as the Trustees shall from time to time deem necessary or advisable for the health, education, and support of the beneficiary. The Trustees shall take into

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consideration the income, earning capacity, resources and other sources of receipt of the beneficiary, together with any other factor which the Trustees may deem pertinent, but need not require the exhaustion of personal resources as a consideration for making distributions under the authority of this paragraph. The judgment of the Trustees as to the propriety and amount of all such payments shall be conclusive.

The beneficiary's share shall be paid over and distributed to him or her when he or she attains age eighteen (18), unless such a distribution would frustrate Lee's and Patsy's intents to make a final distribution at an age other than eighteen (18), as specifically defined in this Trust Agreement. If the beneficiary should die before his or her share is paid over to him or her, then the share shall be paid to his or her personal representatives or administrators. With respect to each share retained in trust under this Article, the Trustees shall have all the powers and discretions granted generally under this Trust Agreement.

Article 11DISTRIBUTIONS TO MINORS OR INCOMPETENTS

If the income or principal payment under any Trust or share created by this Trust Agreement shall become payable to a person who is a minor, or to a person under legal disability, or to a person not adjudicated incompetent, but who, by reason of illness or mental or physical disability, is in the opinion of the Trustees unable properly to administer such amounts, then the Trustees shall use their discretion and make the payments to the beneficiary in any one of the following ways: (1) directly to the beneficiary; (2) to the legally appointed guardian of the beneficiary; (3) to some relative or friend for the health, education, and support of the beneficiary; (4) by the Trustees using such amounts directly for the beneficiary's health, education, and support; or (5) to a custodian for the beneficiary under the Uniform Gifts to Minors Act; provided, however, that the Trustees shall not make any payment from Trust A under (3) above.

Article 12PAYMENTS OF DEBTS & TAXES

After the death of either Lee or Patsy, the Trustees, may use their discretion and may pay all or any part of Lee's or Patsy's funeral expenses; last illness; legally enforceable claims, including taxes, against Lee or Patsy, or his or her estate; reasonable expenses of administration of their estates; any allowances made by court order to those dependent upon them; any estate, inheritance, succession, death or similar taxes payable because of

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the death of either spouse. The Trustees may also pay any interest, penalties, or other additional amounts owing because of the death. The payments shall be made without reimbursement from Lee's or Patsy's Personal Representatives or administrators, from any beneficiary of insurance upon the life of either spouse, or from any other person. All such payments, except of interest, shall be charged generally against the principal of the Trust Estate includable in the deceased spouse's estate for federal estate tax, state estate tax, state death tax, and/or state inheritance tax purposes and any interest so paid shall be charged generally against the income of that Trust Estate. However, any payments of funeral and last illness expenses, estate, inheritance, succession, death or similar taxes payable upon the death of either Lee or Patsy, whichever spouse should die first, shall be charged against the principal constituting Trust B or if it is exhausted against Trust A and any interest so paid shall be charged against the income of the respective Trusts. Such payments of funeral, last illness expenses, estate, inheritance, succession, death or similar taxes payable upon the death of the surviving spouse shall be charged against the principal constituting Trust A until exhausted and any interest so paid shall be charged against the income of that Trust. The Trustees may make such payments directly or may pay over the amounts required to the personal representatives or administrators of Lee's estate or Patsy's estate. A written statement made by the personal representatives or administrators of such sums due and payable by the estate shall be sufficient evidence of their amount and propriety for the protection of the Trustees. The Trustees shall be under no duty to see that these payments are actually used by the personal representatives or administrators to make the payments for which the sums were requested.

The Trustees shall pay over to Lee's and/or Patsy's personal representatives all obligations of the United States Government held in this Trust which may be redeemed at par in payment of federal estate taxes, state estate taxes, state death taxes, and/or state inheritance taxes.

Unless otherwise directed, any distribution made from this Trust shall be made subject to any mortgage or other security interest specifically attached to the distributed property. The beneficiary or beneficiaries receiving the distribution of such property shall take the property subject to the obligation, and the beneficiary or beneficiaries shall assume any indebtedness upon distribution of the property.  The obligation to be assumed will be the principal balance of the indebtedness on the date of distribution. This Trust shall be reimbursed, directly or by offset, from the beneficiary or beneficiaries receiving the distribution for all principal and interest payments paid by the Trust Estate between the date of the surviving spouse’s death and the date of distribution.

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Article 13RIGHTS IN INSURANCE POLICIES

During their lives, Lee and Patsy will have all rights under any life insurance policies payable to this Trust. These retained rights include the rights to change the beneficiary, to receive any dividends or other earnings on the policies without accountability therefor to the Trustees or any beneficiary of this Trust. Lee and Patsy may also assign any policies to any lender, including the Trustees, as security for any loan to them or any other person. The Trustees shall have no responsibility, with respect to any policies, for the payment of premiums or otherwise, except to hold any policies received by the Trustees in safekeeping and to deliver them upon proper written request. The rights of any assignee of any policy shall be superior to the rights of the Trustees. If any policy is surrendered or if this Trust is removed as beneficiary of any policy, this Trust shall be revoked with respect to that policy. However, no revocation of the Trust with respect to any policy, whether pursuant to the provisions of the preceding sentence or otherwise, shall be effective unless the surrender or change in beneficiary of the policy is accepted by the insurance company. Upon the death of the insured under any policy held by or known to, and payable to, the Trust, or upon the occurrence of any event prior to the death of either Lee or Patsy that matures any such policy, the Trustees in their discretion, either may collect the net proceeds and hold them as part of the principal of the Trust Estate, or may exercise any optional method of settlement available to them. Any policies on the lives of Lee or Patsy which are held by the Trustees and payable to any other beneficiaries shall be delivered as those beneficiaries may direct. No insurance company need take notice of this Trust Agreement or see to the application of any payment made to and received by the Trustees. Without indemnification satisfactory to them, the Trustees need not engage in litigation to enforce payment of any policy held by this Trust.

Article 14COMMON DISASTER

If any beneficiary and either Lee R. Phillips or Patsy S. Phillips should die under such circumstances as would render it doubtful whether the beneficiary or either Lee or Patsy died first, then it shall be conclusively presumed for the purposes of this Trust that the beneficiary predeceased Lee and/or Patsy. However, if Lee and Patsy shall die under such circumstances as would render it doubtful which of them died first, they direct that Patsy S. Phillips shall be conclusively presumed to have survived Lee R. Phillips.

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Article 15

STATUTORY MARITAL RIGHTS BAR

Lee and Patsy have provided for each other in this Trust Agreement. This mutually beneficial Agreement is made in lieu of and acts as a bar to dower, curtesy, and all statutory marital rights which either may have against the other's estate.

Article 16LAST ILLNESS, FUNERAL, AND MARRIAGE EXPENSES

OF AN INCOME BENEFICIARY

Upon the death of any person entitled to income or support from any Trust created by this Trust Agreement, the Trustees shall be authorized to pay the funeral expenses and the expenses of the last illness of such person. The Trustees shall also be authorized to pay the expenses associated with the marriage of any such person. The Trustees have full discretion concerning these payments. If necessary, these payments may be made from the principal of the Trust from which such person is then entitled to income or support.

Article 17SPENDTHRIFT PROVISION

Except as otherwise provided in this Trust Agreement, all payments of principal and income which are payable, or will become payable, to the beneficiary of any Trust created by this Agreement shall not be subject to anticipation, assignment, pledge, sale, or transfer in any manner. Nor shall any beneficiary have the power to anticipate or encumber any such interest. Nor shall such interest, while in the possession of the Trustees, be liable for, or subject to, the debts, contracts, obligations, liabilities or torts of any beneficiary. Such interests shall also be free from any claim, control, or interference of the spouse of a married beneficiary or the parent of a beneficiary.

Article 18PERPETUITIES SAVINGS CLAUSE

In any event and no matter what may be contained in this Trust Agreement that may be to the contrary, the Trusts created by this Trust Agreement shall terminate not later than 21 years after the death of the last survivor of the surviving spouse and the issue of Lee and Patsy, which issue are beneficiaries hereunder and are living at the time of death of the first spouse to die, whether it be Lee or Patsy. At the end of the described period,

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the Trustees shall distribute each remaining Trust created by this Trust Agreement to the beneficiary or beneficiaries of the current income of that Trust. If there is more than one beneficiary, the distribution shall be made to each in the proportion in which they are beneficiaries or if no proportion is designated then the distribution shall be made in equal shares to such beneficiaries. Wherever in this Trust Agreement Lee and Patsy have directed or permitted the accumulation of the net income generated from any Trust, such accumulations shall cease when, by the controlling laws of the State of Utah, they are required to cease.

Article 19LIABILITY OF THE PARTIES THAT DEAL WITH TRUSTEES

Any party dealing with the Trustee does not need to inquire concerning the validity of the Trustee's actions, and they shall not be held responsible for the legality of any Trust created by this Trust Agreement. Those dealing with the Trustee do not need to see to the application of any money paid to the Trustee or any property transferred to or at the order of the Trustee. To the extent that a party makes a payment or makes or gives consideration to the Trustee, the party will be fully released and discharged from any liability concerning the use of the payment or consideration after it has been delivered to the Trustee.

Article 20CERTIFIED COPIES OF THIS TRUST

Any person or institution may rely upon a copy of this Trust Agreement which is certified by a Notary Public to be a true copy of this Trust or the schedules and exhibits attached to the Trust. A certified copy shall have the same effect as if it were the original. Any person or institution may rely upon any statement of fact certified by anyone who appears from the original Trust, or a certified copy thereof, to be a Trustee of the Trust.

Article 21PERSONAL PROPERTY DISTRIBUTIONS

Lee and Patsy may dispose of personal property (other than money, evidence of indebtedness, documents of title or securities, and property used in a trade or business) by making a Schedule "B" and identifying it as part of this Trust Agreement. All personal properties listed on the Schedule "B" are to be distributed to the person or persons designated, and the items shall be conveyed to the persons independent of their distributive share, if any, as

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described in the provisions of this Trust. Whenever a new Schedule B is made, it should be dated and signed by Lee and Patsy.

Article 22NEW ADDITIONS TO THE TRUST

(A) Any person may grant by assignment, transfer deed, or by any means, whether testamentary or inter vivos, additional property to this Trust. The additional property may be granted as real, personal, or mixed property. The property will be received by the Trustee, made a part of this Trust, used for the purposes for which this Trust was created, and be consolidated with and become a part of the Trust into which it is transferred. All property added to this Trust shall be administered and be subject to the terms of this Trust Agreement. If such property is not specifically appointed to the LeeLee Trust, the PatPat Trust, Trust A, or Trust B in particular, it shall be divided between the Trusts or placed in a single Trust using the discretion of the Trustees.

(B) It is specifically the intention of Lee and Patsy that all real and personal properties now owned by them and not otherwise disposed of are to be a part of this Trust. It is further intended that all future real and personal properties acquired by Lee and/or Patsy are to be a part of or to automatically become a part of this Trust at the time they acquire the property.

Article 23PARTIAL INVALIDITY

If any individual provision of this Trust is held to be invalid, none of the other provisions shall be automatically rendered invalid or inoperative as long as the terms of the remaining Trust Agreement do not frustrate the original intents of Lee and Patsy and tend to accomplish their overall objectives.

Article 24DEFINITIONS

(A) Whenever used herein, the terms "issue," "child," and "children" include adopted issue, adopted child, and adopted children, as well as natural issue, natural child, and natural children. Provided, however, adopted issue who are also natural issue shall take their share of the Trust

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Estate only in one capacity, such capacity being the one which grants to such issue the largest share. At the present time Lee and Patsy for purposes of this Trust Agreement consider themselves as having three (3) children: Peter Piper Phillips, Paul Simon Phillips and Penelope Priscilla Phillips. However, it is possible that Lee and Patsy may in the future, through various means, add persons to this list of "children." Any person born of Lee and Patsy or formally adopted by them after the execution of this Trust Agreement will automatically be considered as one of their children and will have the full rights and benefits afforded any of their children who are beneficiaries under the terms of this Trust Agreement.

(B) As used herein, the words "federal estate taxes," "state estate taxes," "state death taxes," and "state inheritance taxes" and any other word or words which from the context in which it or they are used refer to the Internal Revenue Code shall be assigned the same meaning as such words have for the purposes of applying the Internal Revenue Code to the Undersigneds' estates. Reference to Sections of the Internal Revenue Code and to the Internal Revenue Code shall refer to the Internal Revenue Code amended to the date of the Undersigneds' deaths.

Article 25SIGNATURES

The Undersigned, Lee Robert Phillips, has signed his customary signature at the end of this Trust Agreement and on the associated documents. He may be known by his whole name or by a certain combination of names and initials of his whole name. The Undersigned, Patsy Smith Phillips, has signed her customary signature at the end of this Trust Agreement and on the associated documents. She may be known by her whole name or by certain combinations of names and initials of her whole name. She may also be known by the name of Mrs. Lee Robert Phillips, or by certain combinations of names and initials of this name. Regardless of what combinations of the names and signatures of the Undersigned appear on past, present, or future written documents, the Undersigned intend that their signatures, as written below, shall effectively transfer and convey into this Trust any property listed on any written document attached hereto.

Article 26RULES OF CONSTRUCTION

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Where applicable, the masculine includes the feminine, and vice versa, and the neuter includes the masculine or feminine, and vice versa. Where applicable, the singular includes the plural and vice versa.

Whenever the word "Trustee" or "Trustees" or any modifying or substituted pronoun therefor is used in this Trust, such words and respective pronouns shall be held and taken to include both the singular and the plural, and may refer to a masculine, feminine, or neuter fiduciary. These designations shall apply equally to the Trustee(s) named herein and to any successor or substitute Trustee(s) acting hereunder.

Article 27GOVERNING LAW

This Trust Agreement and the Trusts created by it shall be construed, regulated, and governed by and in accordance with the laws of the State of Utah.

Article 28HEADINGS

Article headings and subheadings are used for convenience in locating and indexing and are not intended to have any legal significance.

Article 29LANGUAGE

An attempt has been made to write this document in "plain English." This was done so that Lee and Patsy, their successor Trustees, and the Trust beneficiaries might be more comfortable in dealing with the documents. The standard form clauses and phrases have been rewritten. Any interpretation which may deviate from the standard interpretation of the corresponding standard trust form clause or phrase is unintended. Where a clause or phrase might be unclear, it is intended that the standard meanings and interpretations used for the standard form clauses and phrases be applied to these rewritten form clauses and phrases.

Article 30CONCLUSION AND ATTESTATION

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This Trust Agreement will obligate and bind the heirs, successors, assigns, and personal representatives of Lee R. Phillips and Patsy S. Phillips and any person who receives, or is to receive, or who claims any benefit under the terms of this Trust. The acceptance of any distribution or other benefit under the terms of this Trust by any person will obligate that person to exactly comply with the terms and conditions of this Trust Agreement. Any person or organization designated as a trustee, and who accepts the duties of trustee, will be bound in his, her, or its fiduciary capacity alone. This Trust Agreement is to be effective upon the date executed.

IN WITNESS WHEREOF, the Undersigned have executed this Trust Agreement on this the 1st day of August, 2014.

___________________________________Lee R. Phillips: Grantor and Trustee

___________________________________Patsy S. Phillips: Grantor and Trustee

We, _____________________________ and ______________________________, the witnesses, being first duly sworn on this the 1st day of August, 2014, sign our names to this document and declare to the undersigned authority that Lee R. Phillips and Patsy S. Phillips sign and execute this document which purports to be the Patlee Living Revocable Trust Agreement, which they testify that they intend to be binding and legally effective. We also declare that they sign it willingly (or willingly direct another to sign for him/her/them), and each of us, in the presence and hearing of Lee R. Phillips and Lee R. Phillips and of each other, hereby signs this Trust as witness to Lee R. Phillips and Patsy S. Phillips's signing, and that to the best of our knowledge they are each 18 years of age or older, of sound mind, and under no constraint or undue influence. We also declare that we each are 18 years of age or older.

We declare under penalty of perjury that the foregoing is true and correct.

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First Witness Signature: ________________________________________________________

Address: _____________________________________________________________________

Second Witness Signature: _____________________________________________________

Address: _____________________________________________________________________

NOTARY AND SELF-PROVING AFFIDAVIT

STATE OF UTAH ): SS

COUNTY OF EMERALD )

BEFORE ME, the undersigned, a Notary Public in and for said County and State, personally appeared Lee R. Phillips, Patsy S. Phillips, _____________________________, and ____________________________________, personally known to me or proved to me on the basis of satisfactory evidence to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that, by their signature on the instrument, the persons executed the instrument. Lee R. Phillips and Patsy S. Phillips each state and declare that they execute this the Patlee Living Revocable Trust Agreement, which they testify that they intend to be binding and legally effective. They state and declare that they are 18 years of age or older, are of sound mind, and they do so while under no constraint or undue influence. Each of the witnesses declared under oath said in the presence of and hearing of Lee R. Phillips, Patsy S. Phillips, and in my presence that Lee R. Phillips and Patsy S. Phillips signed the instrument titled the Patlee Living Revocable Trust Agreement in their presence and that they signed the instrument as witnesses at the request of Lee R. Phillips and Patsy S. Phillips and in the presence and hearing of them, that Lee R. Phillips and Patsy S. Phillips acknowledged and declared to me and to the witnesses that the instrument titled the Patlee Living Revocable Trust Agreement was signed and executed with the intention that it be binding and effective, that both Lee R. Phillips and Patsy S. Phillips are at least eighteen years of age and appeared to be of sound mind, and that each witness was then at least eighteen years of age.

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____________________________________NOTARY PUBLIC

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