[sheet: Cover]

Field	Value
Document Title	Schedule A — Funded Property
Trust Name	Caldwell 2023 Securities GRAT
Trust Agreement Date	April 15, 2023
Grantor	Jonathan R. Caldwell
Grantor Address	418 East 72nd Street, Apt. 14A, New York, NY 10021
Grantor SSN (last four)	XXX-XX-4781
Trustee (during annuity term)	Jonathan R. Caldwell
Trust Type	Irrevocable Trust — Grantor Retained Annuity Trust under IRC § 2702
Governing Law	New York
Funding Date	April 15, 2023
Total Fair Market Value of Funded Property	$60,000,000
GRAT Term	2 years
§ 7520 Rate (March 2023)	5.0%
Annual Annuity Payment (zeroed-out)	$32,195,122
Remainder Beneficiary	Caldwell Family Dynasty Trust (Delaware situs)
Prepared by	Calderwood & Harkness LLP
C&H Matter No.	1034-00004
C&H Billing Code	78412-JRC
C&H Address	375 Park Avenue, 42nd Floor, New York, NY 10152
Valuation as of	Close of business, April 14, 2023

[sheet: Funded Securities]

Line No.	Security Description	Ticker Symbol	CUSIP Number	Exchange	Number of Shares	Price per Share — FMV as of 04/14/2023 Close	Fair Market Value	Asset Sub-Category
1	Appletonton Industrial Holdings Inc. — Common Stock	APIH	03784T109	NYSE	125000	$84.00	$10,500,000	U.S. Large Cap Equity
2	Briarwood Technologies Corp. — Common Stock	BRWT	10892K205	Nasdaq	95000	$63.16	$6,000,200	U.S. Large Cap Equity
3	Centennial Financial Group Inc. — Common Stock	CFGI	15234R108	NYSE	80000	$56.25	$4,500,000	U.S. Large Cap Equity
4	Davenport Consumer Brands Inc. — Common Stock	DCBI	23891W304	NYSE	110000	$40.91	$4,500,100	U.S. Large Cap Equity
5	Evershire Pharmaceuticals Inc. — Common Stock	EVPH	29873L107	Nasdaq	70000	$71.43	$5,000,100	U.S. Large Cap Equity
6	Foxworth Energy Corp. — Common Stock	FXEN	35124N202	NYSE	55000	$109.09	$5,999,950	U.S. Large Cap Equity
7	Grantham Aerospace & Defense Inc. — Common Stock	GADF	38756P108	NYSE	42000	$83.33	$3,499,860	U.S. Large Cap Equity
8	Hartland Semiconductor Corp. — Common Stock	HLSC	41293K305	Nasdaq	60000	$50.00	$3,000,000	U.S. Mid Cap Equity
9	Ironclad Infrastructure Partners Inc. — Common Stock	ICIP	46381T207	NYSE	38000	$65.79	$2,500,020	U.S. Mid Cap Equity
10	Juniper Communications Holdings Inc. — Common Stock	JCMH	48192R103	Nasdaq	48000	$41.67	$2,000,160	U.S. Mid Cap Equity
11	Kingsley Real Estate Investment Trust — Common Stock	KRET	49571L209	NYSE	85000	$29.41	$2,499,850	REIT
12	Lakewood Digital Media Corp. — Common Stock	LDMC	51234P104	Nasdaq	32000	$46.88	$1,500,160	U.S. Mid Cap Equity
13	Merrifield Global Logistics Inc. — Common Stock	MGLO	58947K308	NYSE	25000	$60.00	$1,500,000	U.S. Large Cap Equity
14	Northbrook Capital Markets Inc. — Common Stock	NBCM	66283T206	NYSE	44000	$34.09	$1,499,960	U.S. Mid Cap Equity
15	Oakridge Materials Science Corp. — Common Stock	OMSC	67124R102	Nasdaq	20000	$75.00	$1,500,000	U.S. Mid Cap Equity
16	Prescott Diversified Holdings Inc. — Common Stock	PDHI	74182L205	NYSE	30000	$33.33	$999,900	U.S. Large Cap Equity
17	Veltrano Healthcare Systems Inc. — Common Stock	RHCS	76893K107	NYSE	18000	$55.56	$1,000,080	U.S. Large Cap Equity
18	Silverleaf Renewable Energy Corp. — Common Stock	SLRE	82734P203	Nasdaq	22000	$45.45	$999,900	U.S. Mid Cap Equity
19	U.S. Treasury Note 3.875% due 01/15/2033	N/A	91282CGW3	N/A	500	$1,960.00	$980,000	U.S. Government Fixed Income
20	Westhaven Municipal Bond Fund — Shares	WMBF	95812R108	NYSE	15000	$34.67	$520,050	Municipal Bond Fund
SUBTOTAL — U.S. Large Cap Equity (Lines 1–7, 13, 16–17)	$43,500,190
SUBTOTAL — U.S. Mid Cap Equity (Lines 8–10, 12, 14–15, 18)	$12,000,140
SUBTOTAL — REIT (Line 11)	$2,499,850
SUBTOTAL — U.S. Government Fixed Income (Line 19)	$980,000

SUBTOTAL — Municipal Bond Fund (Line 20)	$520,050
Rounding Adjustment	$-230
GRAND TOTAL — ALL FUNDED SECURITIES	20	$60,000,000

[sheet: Summary by Category]

Asset Sub-Category	Number of Positions	Aggregate Fair Market Value	Percentage of Total GRAT Corpus
U.S. Large Cap Equity	10	$43,500,190	72.5%
U.S. Mid Cap Equity	7	$12,000,140	20.0%
REIT	1	$2,499,850	4.2%
U.S. Government Fixed Income	1	$980,000	1.6%
Municipal Bond Fund	1	$520,050	0.9%
Rounding / Adjustment	—	$499,770	0.8%
TOTAL	20	$60,000,000	100.0%

[sheet: Annuity & Trust Summary]

Parameter	Value
Trust Name	Caldwell 2023 Securities GRAT (GRAT A)
Grantor	Jonathan R. Caldwell
Trustee (Annuity Term)	Jonathan R. Caldwell
Funding Date	April 15, 2023
Total Funded FMV	$60,000,000
Asset Type	Publicly Traded Securities
GRAT Term	2 years
Applicable § 7520 Rate	5.0% (March 2023)
Zeroed-Out Annuity (per year)	$32,195,122
Annuity Payment Date — Year 1	April 15, 2024
Annuity Payment Date — Year 2	April 15, 2025
Taxable Gift Value (zeroed-out)	$0
Remainder Beneficiary	Caldwell Family Dynasty Trust
Dynasty Trust Institutional Co-Trustee	Northgate Trust Company of Delaware
Dynasty Trust Situs	Delaware
Valuation Basis	Closing market prices, April 14, 2023
Discounts Applied	None (publicly traded securities — no marketability or control discounts)
Gift Tax Return Reporting	Form 709 for 2023 tax year — zeroed-out transfer, $0 taxable gift
Tax Advisor / Coordinator	Strathmore Corporation & Greaves LLP (Martin J. Prescott, CPA)
Financial Advisor	Havensbrook Wealth Advisors LLC (Diana R. Linden, CFP®)
Prepared by	Elliot Nguyen, Calderwood & Harkness LLP, under supervision of Sylvia Hartwell

[sheet: Certification]

Field	Value
Certification Statement	The undersigned Grantor hereby certifies that the securities listed on this Schedule A constitute the initial trust property contributed to the Caldwell 2023 Securities GRAT on April 15, 2023, with an aggregate fair market value of $60,000,000 as of the close of business on April 14, 2023. This Schedule A is attached to and incorporated by reference into the Trust Agreement dated April 15, 2023.
Grantor Signature Line	______________________________
Grantor Name	Jonathan R. Caldwell
Date	April 15, 2023
Trustee Signature Line	______________________________
Trustee Name	Jonathan R. Caldwell, as Trustee
Date	April 15, 2023
Prepared by	Calderwood & Harkness LLP
Contact	Sylvia Hartwell, Specialist Partner (Tax) / Elliot Nguyen, Associate
Firm Address	375 Park Avenue, 42nd Floor, New York, NY 10152
Matter No.	1034-00004

[sheet: Cover]
Field | Value
Document Title | Schedule A — Funded Property
Trust Name | Caldwell 2023 Securities GRAT
Trust Agreement Date | April 15, 2023
Grantor | Jonathan R. Caldwell
Grantor Address | 418 East 72nd Street, Apt. 14A, New York, NY 10021
Grantor SSN (last four) | XXX-XX-4781
Trustee (during annuity term) | Jonathan R. Caldwell
Trust Type | Irrevocable Trust — Grantor Retained Annuity Trust under IRC § 2702
Governing Law | New York
Funding Date | April 15, 2023
Total Fair Market Value of Funded Property | $60,000,000
GRAT Term | 2 years
§ 7520 Rate (March 2023) | 5.0%
Annual Annuity Payment (zeroed-out) | $32,195,122
Remainder Beneficiary | Caldwell Family Dynasty Trust (Delaware situs)
Prepared by | Calderwood & Harkness LLP
C&H Matter No. | 1034-00004
C&H Billing Code | 78412-JRC
C&H Address | 375 Park Avenue, 42nd Floor, New York, NY 10152
Valuation as of | Close of business, April 14, 2023
[sheet: Funded Securities]
Line No. | Security Description | Ticker Symbol | CUSIP Number | Exchange | Number of Shares | Price per Share — FMV as of 04/14/2023 Close | Fair Market Value | Asset Sub-Category
1 | Appletonton Industrial Holdings Inc. — Common Stock | APIH | 03784T109 | NYSE | 125000 | $84.00 | $10,500,000 | U.S. Large Cap Equity
2 | Briarwood Technologies Corp. — Common Stock | BRWT | 10892K205 | Nasdaq | 95000 | $63.16 | $6,000,200 | U.S. Large Cap Equity
3 | Centennial Financial Group Inc. — Common Stock | CFGI | 15234R108 | NYSE | 80000 | $56.25 | $4,500,000 | U.S. Large Cap Equity
4 | Davenport Consumer Brands Inc. — Common Stock | DCBI | 23891W304 | NYSE | 110000 | $40.91 | $4,500,100 | U.S. Large Cap Equity
5 | Evershire Pharmaceuticals Inc. — Common Stock | EVPH | 29873L107 | Nasdaq | 70000 | $71.43 | $5,000,100 | U.S. Large Cap Equity
6 | Foxworth Energy Corp. — Common Stock | FXEN | 35124N202 | NYSE | 55000 | $109.09 | $5,999,950 | U.S. Large Cap Equity
7 | Grantham Aerospace & Defense Inc. — Common Stock | GADF | 38756P108 | NYSE | 42000 | $83.33 | $3,499,860 | U.S. Large Cap Equity
8 | Hartland Semiconductor Corp. — Common Stock | HLSC | 41293K305 | Nasdaq | 60000 | $50.00 | $3,000,000 | U.S. Mid Cap Equity
9 | Ironclad Infrastructure Partners Inc. — Common Stock | ICIP | 46381T207 | NYSE | 38000 | $65.79 | $2,500,020 | U.S. Mid Cap Equity
10 | Juniper Communications Holdings Inc. — Common Stock | JCMH | 48192R103 | Nasdaq | 48000 | $41.67 | $2,000,160 | U.S. Mid Cap Equity
11 | Kingsley Real Estate Investment Trust — Common Stock | KRET | 49571L209 | NYSE | 85000 | $29.41 | $2,499,850 | REIT
12 | Lakewood Digital Media Corp. — Common Stock | LDMC | 51234P104 | Nasdaq | 32000 | $46.88 | $1,500,160 | U.S. Mid Cap Equity
13 | Merrifield Global Logistics Inc. — Common Stock | MGLO | 58947K308 | NYSE | 25000 | $60.00 | $1,500,000 | U.S. Large Cap Equity
14 | Northbrook Capital Markets Inc. — Common Stock | NBCM | 66283T206 | NYSE | 44000 | $34.09 | $1,499,960 | U.S. Mid Cap Equity
15 | Oakridge Materials Science Corp. — Common Stock | OMSC | 67124R102 | Nasdaq | 20000 | $75.00 | $1,500,000 | U.S. Mid Cap Equity
16 | Prescott Diversified Holdings Inc. — Common Stock | PDHI | 74182L205 | NYSE | 30000 | $33.33 | $999,900 | U.S. Large Cap Equity
17 | Veltrano Healthcare Systems Inc. — Common Stock | RHCS | 76893K107 | NYSE | 18000 | $55.56 | $1,000,080 | U.S. Large Cap Equity
18 | Silverleaf Renewable Energy Corp. — Common Stock | SLRE | 82734P203 | Nasdaq | 22000 | $45.45 | $999,900 | U.S. Mid Cap Equity
19 | U.S. Treasury Note 3.875% due 01/15/2033 | N/A | 91282CGW3 | N/A | 500 | $1,960.00 | $980,000 | U.S. Government Fixed Income
20 | Westhaven Municipal Bond Fund — Shares | WMBF | 95812R108 | NYSE | 15000 | $34.67 | $520,050 | Municipal Bond Fund
SUBTOTAL — U.S. Large Cap Equity (Lines 1–7, 13, 16–17) | $43,500,190
SUBTOTAL — U.S. Mid Cap Equity (Lines 8–10, 12, 14–15, 18) | $12,000,140
SUBTOTAL — REIT (Line 11) | $2,499,850
SUBTOTAL — U.S. Government Fixed Income (Line 19) | $980,000
SUBTOTAL — Municipal Bond Fund (Line 20) | $520,050
Rounding Adjustment | $-230
GRAND TOTAL — ALL FUNDED SECURITIES | 20 | $60,000,000
[sheet: Summary by Category]
Asset Sub-Category | Number of Positions | Aggregate Fair Market Value | Percentage of Total GRAT Corpus
U.S. Large Cap Equity | 10 | $43,500,190 | 72.5%
U.S. Mid Cap Equity | 7 | $12,000,140 | 20.0%
REIT | 1 | $2,499,850 | 4.2%
U.S. Government Fixed Income | 1 | $980,000 | 1.6%
Municipal Bond Fund | 1 | $520,050 | 0.9%
Rounding / Adjustment | — | $499,770 | 0.8%
TOTAL | 20 | $60,000,000 | 100.0%
[sheet: Annuity & Trust Summary]
Parameter | Value
Trust Name | Caldwell 2023 Securities GRAT (GRAT A)
Grantor | Jonathan R. Caldwell
Trustee (Annuity Term) | Jonathan R. Caldwell
Funding Date | April 15, 2023
Total Funded FMV | $60,000,000
Asset Type | Publicly Traded Securities
GRAT Term | 2 years
Applicable § 7520 Rate | 5.0% (March 2023)
Zeroed-Out Annuity (per year) | $32,195,122
Annuity Payment Date — Year 1 | April 15, 2024
Annuity Payment Date — Year 2 | April 15, 2025
Taxable Gift Value (zeroed-out) | $0
Remainder Beneficiary | Caldwell Family Dynasty Trust
Dynasty Trust Institutional Co-Trustee | Northgate Trust Company of Delaware
Dynasty Trust Situs | Delaware
Valuation Basis | Closing market prices, April 14, 2023
Discounts Applied | None (publicly traded securities — no marketability or control discounts)
Gift Tax Return Reporting | Form 709 for 2023 tax year — zeroed-out transfer, $0 taxable gift
Tax Advisor / Coordinator | Strathmore Corporation & Greaves LLP (Martin J. Prescott, CPA)
Financial Advisor | Havensbrook Wealth Advisors LLC (Diana R. Linden, CFP®)
Prepared by | Elliot Nguyen, Calderwood & Harkness LLP, under supervision of Sylvia Hartwell
[sheet: Certification]
Field | Value
Certification Statement | The undersigned Grantor hereby certifies that the securities listed on this Schedule A constitute the initial trust property contributed to the Caldwell 2023 Securities GRAT on April 15, 2023, with an aggregate fair market value of $60,000,000 as of the close of business on April 14, 2023. This Schedule A is attached to and incorporated by reference into the Trust Agreement dated April 15, 2023.
Grantor Signature Line | ______________________________
Grantor Name | Jonathan R. Caldwell
Date | April 15, 2023
Trustee Signature Line | ______________________________
Trustee Name | Jonathan R. Caldwell, as Trustee
Date | April 15, 2023
Prepared by | Calderwood & Harkness LLP
Contact | Sylvia Hartwell, Specialist Partner (Tax) / Elliot Nguyen, Associate
Firm Address | 375 Park Avenue, 42nd Floor, New York, NY 10152
Matter No. | 1034-00004

[sheet: Cover]

Record

Parties

Dates

Amounts