Contract analysis

1. Distribution of Notices This Notice of Withdrawal Right must be sent separately to each of the three (3) designated Crummey beneficiaries of the Trust promptly upon each contribution by the Grantor to the Trust. The three designated Crummey beneficiaries are: (a) Thomas R. Caldwell, 55 Perry Street, Unit 3, New York, NY 10014 (b) Katherine C. Hartfield, 210 Briarcliff Lane, Greenwich, CT 06830 (c) Olivia G. Caldwe

2. Annual Premium Information The annual premium on the second-to-die universal life insurance policy issued by Beacon Life Assurance Company, Policy No. BLA-2023-77419, is One Hundred Eighty-Seven Thousand Five Hundred Dollars ($187,500). The Grantor is expected to contribute this amount (or such greater or lesser amount as may be required) to the Trust annually to fund the premium payment. The contribution amount s

3. Method of Delivery All Crummey notices must be sent via one of the following methods to preserve evidence of timely delivery: (a) Certified mail, return receipt requested (U.S. Postal Service), with a copy of the certified mail receipt and the return receipt (green card) retained in the Trust administration file; or (b) Overnight delivery with tracking (e.g., Severin Partners LLC, Halcyon Partners LLC, Tarrant & C

4. Record Retention Retain copies of all of the following documents in the Trust's permanent administration file: • A copy of each completed and executed Crummey notice sent to each beneficiary for each year • All certified mail receipts, return receipts (green cards), overnight delivery tracking records, and delivery confirmations • All signed Acknowledgments of Receipt returned by beneficiaries • Any written withdr

5. Insurance Brokerage Coordination The Trustee should coordinate with the Trust's insurance broker regarding the timing of premium payments each year: Glenmore Insurance Brokerage LLC Attn: Nathan C. Freed, Senior Vice President, Private Client Division 44 Wall Street, Suite 1200 New York, NY 10005 Mr. Freed should be contacted annually to confirm the premium payment due date and to coordinate the timing of the Gran

6. Coordination with Grantor's Counsel The annual Crummey notice process is coordinated with the ILIT Annual Premium Funding Letter sent by Calderwood & Harkness LLP (Sylvia Hartwell, Specialist Partner, Tax; Matter No. 1034-00004) to Jonathan R. Caldwell each year. The Annual Premium Funding Letter advises the Grantor of the required contribution amount and the allocation of the contribution among the federal gift t

7. Calendar Reminder — Timing of Notices Critical Timing Requirement: Upon receipt of the Grantor's contribution each year, the Trustee must send the Crummey notices immediately — on the same business day or, at the latest, the following business day. The thirty (30) calendar day Withdrawal Period must begin and, ideally, expire before the premium payment due date on the Policy, so that the contributed funds are avai

8. Gift Tax Reporting The lapse of the Crummey withdrawal rights should be reported on the Grantor's annual federal gift tax return (IRS Form 709). The Grantor's gift tax return is prepared in coordination with: Tax Return Preparation: Strathmore Corporation & Greaves LLP Attn: Martin J. Prescott, CPA 600 Third Avenue, 28th Floor New York, NY 10016 Gift Tax Counsel: Calderwood & Harkness LLP Attn: Sylvia Hartwell, Sp

9. Minor Beneficiary Considerations If any Crummey beneficiary is a minor (under the age of eighteen (18) under Delaware law), the Crummey notice should be sent to the beneficiary's legal guardian at the guardian's address. The Trustee should confirm the identity and address of any guardian and retain a copy of the guardianship documentation in the Trust administration file. Any withdrawal request submitted on behalf