Court filing — N.D. Fla. No. 1:22-cr-00024 (Dkt. 34-2, N.D. Fla.)
Summary
Exhibit compilation, Document 34-2, filed January 30, 2023, in Case 1:22-cr-00024 in the N.D. Fla. It begins with a JPMorgan Chase Bank, N.A. checking statement addressed to PATRICK P WALSH OR HANNAH J WALSH for March 17, 2022 through April 18, 2022, marked GOVERNMENT EXHIBIT 6, with a checking summary and a transaction detail. The statement lists dated transfers, card purchases and withdrawals. The closing pages are schedules of The Walsh International & Irrevocable Family Trust Indenture, including Schedule B (beneficiaries), Schedule C (designation and acceptance of protector) and Schedule D (affidavit of solvency).
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Court filing — N.D. Fla. No. 1:22-cr-00024 (Dkt. 34-2, N.D. Fla.).”
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Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 1 of 52
JPMorgan Chase Bank, N.A.
P O Box 182051
Columbus, OH 43218 - 2051
00070351 DRE 021 219 10922 NNNNNNNNNNN = 1 000000000 12 0000
PATRICK P WALSH
OR HANNAH J WALSH
March 17, 2022 through April 18, 2022
Account Number:
CUSTOMER SERVICE INFORMATION
Web site: Chase.com
Service Center: 1-800-935-9935
Deaf and Hard of Hearing: 1-800-242-7383
Para Espanol: 1-877-312-4273
International Calls: 1-713-262-1679
We’re making a change to the Non-Chase ATM Transaction Fee
On June 12, 2022, we're increasing the Non-Chase ATM Transaction Fee* from $2.50 to $3. This fee applies when you use
a Non-Chase ATM for Domestic Withdrawals, Domestic & International Balance Inquiries, or Domestic & International
Balance Transfers. The International Withdrawal Fee for ATMs outside the U.S., Puerto Rico and the U.S. Virgin Islands
remains $5 per withdrawal. As a reminder, you won’t pay a fee for using Chase ATMs and you may get these fees waived
depending on the type of account(s) you have.
We'll continue to waive this fee on the following types of accounts: Chase Sapphire®” Checking, Chase Private
Client Checking®“, Chase Premier Savings®“, Chase Plus Savings®™, Chase Private Client Savings® and
Chase Premier Plus Checking®™ with Military Banking Enhanced Benefits.
We'll continue to waive the first four Non-Chase ATM transaction fees for each statement period for Chase
Premier Plus Checking and Chase Premier Checking accounts.
If you'd like to see the full Fee Schedule on the Additional Banking Services and Fees document, please go
to chase.com/disclosures or visit a branch.
Please call the number on this statement if you have any questions. We accept operator relay calls.
*Fees from the ATM owner/networks may still apply.
CHECKING SUMMARY
Chase Total Checking
Beginning Balance
Deposits and Additions
ATM & Debit Card Withdrawals
Electronic Withdrawals
Fees
Ending Balance
AMOUNT
-$2,112.20
42,685.12
-23,116.31
-198.00
$2,750.57
*GOVERNMENT
EXHIBIT
6
:
Page 1 of 10
00703510501000000025
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 2 of 52
March 17, 2022 through April 18, 2022
Account Number:
TRANSACTION DETAIL
DATE DESCRIPTION AMOUNT BALANCE
Beginning Balance ~$2,112.20
03/25 Online Transfer From Chk ...8513 Transaction#: 18962005131 5,000.00 2,887.80
03/28 Online Transfer From Chk ...8513 Transaction#: 18976989144 4,500.00 7,387.80
03/28 Wire Reversal B/O: JPMC Cb Funds Transfer Same Day Tampa FL 3,500.00 10,887.80
e. 33610-9128 US Org: Aba/061201754 Ameris Bank Ref:/Bnt/Our Ref
"5 Jpm220328-005402 Chaseref0163790087Ff Rtn Did 03/28/202 2 Trn
8246182087Es As Uta Bene Acc Ou Nt Closed Trn: 1430500087Hh
03/28 Recurring Card Purchase 03/26 Apple.Com/Bill 866-712-7753 CA Card 8506 -99.99 10,787.81
03/28 Recurring Card Purchase 03/26 Adobe Ps Creative Cld 408-536-6000 CA -20.99 10,766.82
Card 8506
03/28 Gard Purchase 03/26 Google *Youtube Memb G.CO/Helppay# CA -14.99 10,751.83
Card 8506
03/28 Recurring Card Purchase 03/26 Adobe Stock 408-536-6000 CA Card 8506 -29.99 10,721.84
03/28 Card Purchase 03/26 Amazon.Com*160CzSHI1 Amzn.Com/Bill WA -21.38 10,700.46
Card 8506
03/28 Recurring Card Purchase 03/26 Apple.Com/Bill 866-712-7753 CA Card 8506 -9,99 10,690.47
03/28 Card Purchase 03/26 Pp*Apple.Com/Bill 402-935-7733 CA Card 8506 -12.98 10,677.49
03/28 Card Purchase 03/26 Pp*Apple.Com/Bill 402-935-7733 CA Card 8506 -11.99 10,665.50
03/28 Recurring Card Purchase 03/26 Apple.Com/Bill 866-712-7753 CA Card 8506 -9.99 10,655.51
03/28 Card Purchase 03/27 Springhill Suites Lafa Lafayette LA Card 8506 -183.54 10,471.97
03/28 Card Purchase 03/27 Springhill Suites Lafa Lafayette LA Card 8506 -167.55 10,304.42
03/28 Card Purchase 03/27 Springhill Suites Lafa Lafayette LA Card 8506 ~167.55 10,136.87
03/28 Recurring Card Purchase 03/26 Apple.Com/Bill 866-712-7753 CA Card 8506 -9.99 10,126.88
03/28. Card Purchase ___..03/26 Uber _ Eats Help.Uber.Com CA Card 8506 -42.08 10,084.80
03/28 Card Purchase 03/26 Paypal *Uber Eats 402-935-7733 CA Card 8506 -29.28 10,055.52
03/28 Card Purchase 03/26 Paypal *Uber Eats 402-935-7733 CA Card 8506 -5.18 10,050.34
03/28 Recurring Card Purchase 03/26 Apple.Com/Bill 866-712-7753 CA Card 8506 -5.99 10,044.35
03/28 Recurring Card Purchase 03/25 Netflix.Com 866-5797172 CA Card 8506 -20.93 10,023.42
03/28 Recurring Card Purchase 03/26 Apple.Com/Bill 866-712-7753 CA Card 8506 -8.99 10,014.43
03/28 Card Purchase 03/26 Pp*Apple.Com/Bill 402-935-7733 CA Card 8506 -7.99 10,006.44
03/28 Beeps Card Purchase 03/26 Blimps.Com hosting Www. Theperice PA -15.00 9,991.44
03/28 Recurring Card Purchase 03/7 Adobe hans Subs 408: 536-6000 CA -14.99 9, 976. rT
Card 8506
03/28 Card Purchase 03/26 Fossil Rim Wildlife Ce 999-9999999 TX Card -199.55 9,776.90
8506
03/28 Sle Purchase 03/26 Prime Video*162C57Lg0 888-802-3080 WA -4,38 9,772.52
Card 8506
03/28 Card Purchase 03/26 Buc-Ee's #26 Madisonville TX Card 8506 ~98.69 9,673.83
03/28 Recurring Card Purchase 03/27 Apple.Com/Bill 866-712-7753 CA Card 8506 -12.99 9,660.84
03/28 Recurring Card Purchase 03/26 2CO.Com*Texasoilp 650-249-5280 OH -20.00 9,640.84
Card 8506
03/28 Recurring Card Purchase 03/27 Apple.Com/Bill 866-712-7753 CA Card 8506 -4.99 9,635.85
03/28 Recurring Card Purchase 03/27 Apple.Com/Bill 866-712-7753 CA Card 8506 -9.99 9,625.86
03/28 Card Purchase 03/27 Apple.Com/Bill 866-712-7753 CA Card 8506 -7.50 9,618.36
03/28 Card Purchase 03/27 Prime Video*162Rv78V1 888-802-3080 WA -7.67 9,610.69
Card 8506
03/28 peor Card Purchase 03/27 Rocketlaw 877-757-15 Www.Rocketlaw CA -39.99 9,570.70
Card 8506
03/28 Card Purchase 03/27 Ziprecruiter, Inc. 855-747-5493 CA Card 8506 -504.00 9,066.70
03/28 Recurring Card Purchase 03/27 Bvd*Beenverified.Com 855-9046471 NY -13.44 9,053.26
Card 8506
03/28 Card Purchase 03/27 Prime Video*166Bx4601 888-802-3080 WA -4.38 9,048.88
Card 8506
Page 2 of 10
_ Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 3 of 52
March 17, 2022 through April 18, 2022
Account Number:
DATE DESCRIPTION AMOUNT BALANCE
03/28 Card Purchase 03/28 Comcast 800-266-2278 GA Card 8506 -481.57 8,567.31
03/28 Recurring Card Purchase 03/27 Smartsheet Inc. Smartsheet.CO WA Card ~19.00 8,548.31
8506
03/28 Card Purchase 03/27 Gooutdoorsflorida.Com 888-3474356 FL Card -72.33 8,475.98
8506
03/28 Card Purchase 03/27 Prime Video*161Qr3DC1 888-802-3080 WA -10.17 8,465.81
Card 8506
03/28 Paypal Inst Xfer Apple.Com Bill Web ID: Paypalsi77 -7.99 8,457.82
03/28 Paypal Inst Xfer Apple.Com Bill Web ID: Paypalsi77 -4.99 | 8,452.83
03/28 Recurring Card Purchase 03/28 Mycleanpe Httpswww.Mycl CA Card 8506 -19.95 8,482.88
03/28 _.,03/28 Online Domestic Wire Transfer Via: Ameris Bank/061201754 A/C: -8,500.00 4,932.88
Walsh Family Land Corp Williston FL 32696 US Imad:
0328B1Qgc03C004487 Trn: 3246182087Es
03/28 Card Purchase 03/28 Store*Chick-Fil-A Www.Doordash. CA Card ~18.92 4,913.96
8506
03/28 Card Purchase With Pin 03/28 Hop IN 430456 Abilene TX Card 8506 -80.00 4,833.96
03/28 Card Purchase With Pin 03/28 Dollar General # Dg 20 Abilene TX Card -26.24 4,807.72
8506
03/28 Online Domestic Wire Fee -25,.00 4,782.72
03/29 Card Purchase 03/26 Moon River Ranch Resort Satin TX Card 8506 -450.50 4,332.22
03/29 Recurring Card Purchase 03/28 Www.Time4Learning.Com 954-7710914 FL -34.90 4,297.32
Card 8506
03/29 Card Purchase 03/28 Global Outreach Intl 662-842-4615 MS Card -103.00 4,194.32
8506
03/29 Card Purchase 03/28 Taylor Food #2084 Rising Star TX Card 8506 -75,00 4,119.32
03/29 Card Purchase 03/28 Paypal *Starstablee 28 35314369001 Card -8.49 4,110.83
03/29 Recurring Card Purchase 03/29 Apple.Com/Bill 866-712-7753 CA Card 8506 -7.99 4,102.84
03/29 Card Purchase 03/28 Amzn Mktp US*163Z83G Amzn.Com/Bill WA -16,55 4,086.29
Card 8506
03/29 Card Purchase 03/29 Amazon.Com*162PR7Lt2 Amzn.Com/Bill WA -15.58 4,070.71
Card 8506
03/29 Card Purchase 03/29 Paypal *Apple.Com/Bil 402-935-7733 CA Card -10.73 4,059.98
03/29 Card Purchase With Pin 03/29 Wm Supere Wal-Mart Sup Brownwood TX -15.00 4,044.98
Card 8506
03/30 Online Transfer From Chk ...8513 Transaction#: 18990868162 2,800.00 - 6,844.98
03/30 Card Purchase 03/28 The Home Depot #0253 Ocala FL Card 8506 -2,257.50 4,587.48
03/30 Recurring Card Purchase 03/29 Apple.Com/Bill 866-7 12-7753 CA Card 8506 -9.99 4,577.49
03/30 Card Purchase 03/29 Murphy7235Atwalmart Abilene TX Card 8506 -85.43 4,492.06
03/30 Card Purchase 03/29 Ontarget Cpa Indianapolis IN Card 8506 -2,000.00 2,492.06
03/30 Card Purchase 03/30 Pp*Doordash Chick-Fil 402-935-7733 CA Card ~94,45 2,397.61
8506
03/30 Card Purchase 03/29 Arby's 8535 Abilene TX Card 8506 -31.13 2,366.48
03/30 Card Purchase 03/29 Prime Video*165AR6Ys1 888-802-3080 WA -1.99 2,364.49
Card 8506
03/30 Recurring Card Purchase 03/29 Www. Theperfectwebsit Www.Theperfec PA -15.00 2,349.49
Card 8506
03/30 Paypal Retry Pymt Nutrafol Web ID: Paypalsi77 -79,00 2,270.49
03/30 Card Purchase 03/30 Subway 27150 Clyde TX Card 8506 -38.90 2,231.59
03/31 Online Transfer From Chk ...8513 Transaction#: 14002410975 2,500.00 4,731.59
03/31 Recurring Card Purchase 03/30 Accountant *Justansw 800-240-1371 CA -50.00 4,681.59
Card 8506
03/31 Card Purchase 03/29 The Home Depot #0253 Ocala FL Card 8506 __ -732.83 3,948.76
Page 3 of 10
10703510502000000065
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 4 of 52
March 17, 2022 through April 18, 2022
Account Number:
DATE DESCRIPTION AMOUNT BALANCE
03/31 Recurring Card Purchase 03/30 Web*Networksolutions 888-6429675 FL -7.99 3,940.77
Card 8506
03/31 Card Purchase 03/30 Shell Oil 12416928005 Cisco TX Card 8506 -100.00 3,840.77
03/31 Card Purchase 03/30 Shell Oil 12416928005 Cisco TX Card 8506 -53.83 8,786.94
03/31 Card Purchase 03/30 Elliott Electric Supp! Nacogdoches TX Card -48.86 3,738.08
8506
03/31 Card Purchase 03/31 Sq *Winning Edge Carwas Gosq.Com FL Card -302.00 3,436.08
8506
04/01 Recurring Card Purchase 03/31 West Michigan Communic 231-7942526 Ml -300.00° 8,136.08
Card 8506
04/01 Recurring Card Purchase 03/31 Tu *Transunion 800-493-3292 CA Card -24.95'' 3,111.13
04/01 Card Purchase 03/31 Cefco 2082 Cross Plains TX Card 8506 -101.34 3,003.79
04/01 Card Purchase 03/31 Cefco 2082 Cross Plairis TX Card 8506 -22.01 2,987.78
04/01 Card Purchase 03/31 Subway 12986 Sweetwater TX Card 8506 -33.67. 2,954.11
04/01 Card Purchase 04/01 Incfile.Com 888-462-3453 TX Card 8506 -29.00 2,925.11
04/01 Card Purchase 03/31 Dollar General #19723 Buffalo Gap TX Card -7.58 2,917.53
04/01 Card Purchase 04/01 Prime Video*168KpS9Xt2 888-802-3080 WA -2.99 2,914.54
Card 8506 ;
04/01 Card Purchase .04/01 Prime.Video*1H4Qe8Tm1 888-802-3080 WA ~5.65 2,908.89
Card 8506
04/01 Recurring Card Purchase 04/01 Microsoft*Ultimate 1 M 425-6816830 WA. . -14.99 2,893.90
Card 8506 .«..
04/04 Card-Purchase Return 04/04 Amzn.Mktp US:Amzn.Gom/Bill WA Card 16.55 — 2,910.45
8506
04/04 Online Transfer From Chk ...7006 Transaction#: 14039421629 7,500.00 10,410.45
04/04 Online: Transfer From Chk ...2395 Transaction#: 14024688840 1,300.00 11,710.45
04/04 Online. Fransfer From Chk ...8513 ‘Transaction#: 14024692577 1,300.00 13,010.45
04/04 Card Purchase 03/31 Joéallensbbg Abilene TX Card 8506 -131.44 12,879.04
04/04 Card Purchase 04/02 Incfile.Com 888-462-3453 TX Card 8506 -29.00 12,850.04
04/04 Card Purchase . 04/02 4Te*Consolidated Wate 352-291-5900 FL. Card -54.38 - 12,795.66
8506
04/04 ‘Card Purchase 04/01 Cefco 2082 Cross Plains TX Card 8506. -142.10 12,653.56
04/04 Card Purchase 04/01 Florida Pest: Control 352-3762661 FL Card -96:00 12,557.56
. 8506 . .
04/04 Recurring Card Purchase 04/02 Apple.Com/Bill 866-712-7753 CA Card 8506 -9.99 12,547.57
04/04 Recurring Card Purchase 04/02 Apple.Com/Bill 866-712-7753 CA Card 8506 -16:10 12,531.47
04/04 Recurring Card Purchase 04/02 Apple.Com/Bill 866-712-7753 CA Card 8506 -9.99 12,521.48
04/04 Card Purchase 04/01 Whataburger 1131 Sweetwater TX Card 8506 -82.82 12,488.66
04/04 Card Purchase 04/01 IN *B4 Signs & Adverti 352-6011288 FL Card -540.35 11,948.31
8506
04/04 Card Purchase 04/01 Prime Video*167ZqSHy2 888-802-3080 WA -11.30 11,937.01
Card 8506
04/04 Card Purchase 04/02 Pp*Doordash Littlecae 402-935-7733 CA Card -80.00 11,857.01
8506
04/04 Recurring Card Purchase 04/02 Apple.Com/Bill 866-712-7753 CA Card 8506 -8.99 11,848.02
04/04 Card Purchase 04/02 Paypal *Frogiefreak 402-935-7733 CA Card -781.31 11,066.71
8506
04/04. Card Purchase 04/02 Prime Video*1 HOGA9Pd1 888-802-3080 WA -3.28 11,063.43
Card 8506
04/04 Card Purchase 04/02 Prime Video*168SD2BB2 888-802-3080 WA -4.38 11,059.05
Card 8506
04/04 Card Purchase 04/03 Incfile.Com 888-462-3453 TX Card 8506 ~29.00 11,030.05
04/04 Card Purchase 04/02 Kfc C975031 Abilene TX Card 8506 -45.40 10,984.65
Page 4 of 10
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 7 of 52
March 17, 2022
Account Number:
DATE DESCRIPTION AMOUNT BALANCE
04/08 Card Purchase W/Cash 04/08 Wal-Mart #0586 Abilene TX Card 8506 -212.05 4,269.25
Purchase $112.05 Cash Back $100.00
04/11 Card Purchase Return 04/10 Amazon.Com Amzn.Com/Bill WA Card 8506 15.58 4,284.83
04/11 pa Purchase 04/07 Chick-Fil-A #04630 325-510-3302 TX Card -18.99 4,265.84
04/11 Recurring Card Purchase 04/08 Straighterline 877-787-8375 MD Card 8506 -99,00 4,166.84
04/11 Card Purchase 04/08 Epc*Fortnite 919-854-0070 NC Card 8506 -11,99 4,154.85
04/11 Recurring Card Purchase 04/08 Apple.Com/Bill 866-712-7753 CA Card 8506 -4,.99 4,149.86
04/114 Card Purchase 04/08 Pp*Apple.Com/Bill 402-935-7733 CA Card 8506 ~9,99 4,139.87
04/11 Card Purchase 04/08 Cash Depot Vend Brownwood TX Card 8506 -2.00 4,137.87
04/11 ‘Card Purchase 04/08 Stripes 0472918200 Brownwood TX Card:8506 -86.17 4,051.70
04/11 Card Purchase 04/08 Stripes 0472918200 Brownwood TX Card 8506 -63,.90 8,987.80
04/11 Card Purchase ' 304/08 Stripes 0472918200 Brownwood TX Card 8506 -30.64 3,957.16
04/11 Recurring:Card Purchase.04/09:Apple.Com/Bill 866-712-7753 CA Card 8506 -9.99 8,947.17
04/14 Recurring:Card Purchase:04/09 Apple.Com/Bill 866-712-7753 CA Card 8506 -5.99 3,941.18
04/11 Recurring Card: Purchase 04/09 Apple.Com/Bill 866-712-7753 CA Card 8506 -9.99 3,931.19
04/11 Card Purchase - 04/08 Office Depot #347 Abilene TX Card 8506 -27.05 3,904.14
04/11 Card Purchase 04/08 Office Depot #347 Abilene TX Card 8506 -0.49 3,903.65
04/11 Card Purchase. 04/08 Panda Express #2194 Abilene TX Card 8506 -37.78 3,865.87
04/14 Card Purchase. ---04/08 Subway 29285 Abilene TX Card 8506 -46.71 3,819.16
04/11 in aan ae 04/08-Msft * EOS0OHnwt3,E050 800-6427676 WA -725.00 3,094.16
ar ,
04/11 Card Puréhase ~ }04/08:.Murphy7235Atwalmart Abilene TX Card 8506 -11.12 3,083.04
04/11 —- CardPurchase _* ° 04/09 Pp*Apple.Com/Bill 402-935-7733 CA Card 8506 -49,97 3,083.07 ~
04/11 Card Purchase 04/09 Fandango 8668575191 CA Card 8506 -87.96 2,945.11
04/11 Recurring Card Purchase 04/09 Apple.Com/Bill 866-712-7753 CA Card 8506 -8.99 2,936.12
04/11 Card Purchase: __-. 04/08 Little Caesars 1184-000 Abilene TX Card 8506 -§3.25 2,882.87
04/11 Card Purchase ~ *.-'04/08 Cinemark Theatres 1146 Abilene TX Card 8506 -49.85 2,833.02
04/11 Card Purchase _ : : .04/09.Paypal *Uber Eats 402-935-7733 CA Card 8506 ~10.28 2,822.74
04/11 Card Purchase 04/09 Fandango 8668575191 CA Card 8506 -12.62 2,810.12
04/11 Card Purchase 04/10 Amzn Mktp US*1A8l04M Amzn.Com/Bill WA -22.46 2,787.66
04/11 Recurring. Card Purchase 04/11 Adobe Inc 800-8336687 CA Card 8506 -14.99 2,772.67
04/11 Paypal Inst Xfer Uber:Eats Web ID: Paypalsi77 -6.07 2,766.60
04/14 Paypal Inst Xfer Uber Eats Web ID: Paypalsi77 -2.00 2,764.60
04/12 Card Purchase Return 04/12 Prime Video 888-802-3080 WA Card 8506 2.99 2,767.59
04/13 Recurring Card Purchase 04/12 Apple.Com/Bill 866-712-7753 CA Card 8506 -7.99 2,759.60
0413 Insufficient Funds Fee For A $7.99 Recurring Card Purchase - Details: -34,00 2,725.60
alll 866-712-7753 CA OtHHHHHBHBHHHI8506
04/18 Zelle Payment From William T Robinson Bbt1 15401889 1,250.00 3,975.60
04/18 Hos Purchase 04/16 Audible*1O82FOP91 Amzn.Com/Bill NJ Card -14.95 3,960.65
04/18 Card Purchase 04/17 Amzn Mktp US*104Gr55 Amzn.Com/Bill WA -31.02 3,929.63
Card 8506
04/18 Recurring Card Purchase 04/17 Apple.Com/Bill 866-712-7753 CA Card 8506 -9.99 3,919.64
04/18 Recurring Card Purchase 04/17 Apple.Com/Bill 866-712-7753 CA Card 8506 -9.99 3,909.65
04/18 Recurring Card Purchase 04/17 Apple.Com/Bill 866-712-7753 CA Card 8506 -8.99 3,900.66
04/18 Sp a Purchase 04/18 Adobe Ps Creative Cld 408-536-6000 CA -20.99 3,879.67
ar
04/18 Card Purchase 04/18 Msft * EO500!duli 800-6427676 WA Card 8506 -362.50 3,517.17
04/18 Card Purchase 04/17 Sed*Central Florida El 800-2271302 FL Card -617.17 2,900.00
8506
Page 7 of 10
10703510504000000065
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 8 of 52
March 17, 2022 through April 18, 2022
Account Number:
TRANSACTION DETAIL|_Cominued?)
DATE DESCRIPTION AMOUNT BALANCE
04/18 Card Purchase 04/18 Prime Video*1A2TI8Qo02 888-802-3080 WA -12.44 2,887.56
Card 8506
04/18 Recurring Card Purchase 04/18 Blimps.Com Hosting Www. Theperfec PA -15.00 2,872.56
Card 8506
04/18 Paypal Inst Xfer Apple.Com Bill Web ID: Paypalsi77 -7.99 2,864.57
04/18 Insufficient Funds Fee For A $14.95 Card Purchase - Details: -34.00 2,830.57
0416Audible*1082FOP91 Amzn.Com/Bill NJ O##HHHHHHHHHHI8506
01
04/18 Insufficient Funds Fee For A $31.02 Card Purchase - Details: 0417Amzn ~34.00 2,796.57
Mktp US*104Gr55 Amzn.Com/Bill WAO####HHHHHHHAHESO6
01987 fe
* 04/18 Insufficient Funds. Fee For A $9.99 Recurring Card Purchase - Details: -34.00 2,762.57
0417Apple.Com/Bill 866-712-7753 CA = O##HHHHHHHHHHIB506
04/18 Monthly Service Fee °- -12.00 2,750.57
$2,750.57
WANT TO AVOID PAYING ‘A-MONTHLY SERVICE FEE ON YOUR CHECKING ACCOUNT?
A Monthly Service Fee was charged to your Chase Total Checking account. Here are the three ways you can avoid this
fee during any statement period.
Have electronic.deposits made‘into this account totaling $500.00 or more, such as payments from payroll
providers or government-benefit providers, by using (i) the ACH network, (ii) the Real Time Payment network,
or (iii) third party services that facilitate payments to your debit card using the Visa or Mastercard network.
(You did not have.an:electronic.dgposit this statement period)
e QR, keep a balance at the beginning of each day of $1,500.00 or more in this account.
(Your balance at the.beginning of.each day was ~$2,112.20)
investments. ~ ‘
(Your average beginning:day‘balance of qualifying linked deposits and investments was $2,170.59)
_ Talk to a banker about transferring your balances to Chase today!
Stop in today and explore.all Chase has to offer.
OR, keep an average beginning day balance of $5,000.00 or more in qualifying linked deposits and
OVERDRAFT AND,RETURNED ITEM FEE SUMMARY
Total for Total
This Period Year-to-date
Total Overdraft Fees * $136.00 $1,666.00
Total Returned Item Fees $.00 $.00
* Total Overdraft Fees includes Insufficient Funds Fees, and Extended Overdraft Fees
Page 8 of 10
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 9 of 52
March 17, 2022 through April 18, 2022
Account Number:
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC FUNDS TRANSFERS: Call us at 1-866-564-2262 or write us at the
address on the front of this statement (non-personal accounts contact Customer Service) immediately if you think your statement or receipt is
incorrect or if you need more information about a transfer listed on the statement or receipt.
For personal accounts only: We must hear from you no later than 60 days after we sent you the FIRST statement on which the problem or error
appeared. Be prepared to give us the following information:
e Your name and account number
e The dollar amount of the suspected error oo . .
e Adescription of the error or transfer you are unsure of, why you believe it is an error, or why you need more information.
We will investigate your complaint and will correct any error bt If we take more than 10 business days (or 20 business days for new
accounts) to do this, we will credit your account for the amount you fhink is in error so that you will have use of the money during the time it takes
us to complete our investigation.
IN CASE OF ERRORS OR QUESTIONS ABOUT NON-ELECTRONIC TRANSACTIONS: Contact the bank immediately if your statement is
incorrect or if you need more information about any non-electronic transactions (checks or deposits) on this statement. If any such error appears,
you must notify the bank in writing no later than 30 days after the statement was made available to you. For more complete details, see the
Account Rules and Regulations or other :—— account agreement that governs your account. Deposit products and services are offered by..
JPMorgan Chase Bank, N.A. Member FDI
JPMorgan Chase Bank, N.A. Member FDIC
Page 9 of 10
ll
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10703510505000000065
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 10 of 52
March 17, 2022 through April 18, 2022
Account Number:
. This Page Intentionally Left Blank
Page 10 of 10
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 11 of 52
January 26, 2023
To whom it may concern,
During the week of January 16" | coordinated the travel and meetings for the following people to
support the ongoing projects of Shiloh Oil Company.
Patrick Walsh
Isaac Bennet
Joe Burgess
Scott Moffat
During their stay in Texas they resided at the “Shiloh Base Camp” House and office located at 1402
CR161 Ovalo, Texas 79541. This was a business trip to facilitate an inspection on ongoing Shiloh Oil
projects that Patrick Walsh oversees. Meetings took place at the Shiloh Base Camp location and at each
of the different project wells sites.
Thank you,
ee
Jay Cline
520-256-1564
emailingjdc@gmail.com
Notary Public State of Florida
Gregory A Jacobs
4 My Commission HH 302036
r ie Expires 8/17/2026
Case 1:22-cr-00024-AW-GRJ Document 34-2. Filed 01/30/23 Page 12 of 52
g GOVERNMENT
EXHIBIT
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22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 14 of 52
Case 1
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 15 of 52
GOVERNMENT
EXHIBIT
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 16 of 52
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 20 of 52
THE WALSH
INTERNATIONAL & IRREVOCABLE FAMILY TRUST INDENTURE
Executed as of & July, 2020
TABLE OF CONTENTS
|. Name of Trust; Change of Name
A. Name of Trust
B. Change of Name
Il. Irrevocability; Amendment
A. Irrevocability
B. Amendment
Ill. Beneficiaries; Dispositive Provisions
A. Trust for Grantors and Grantors’ Issue
1. Income and Principal
2. Termination
3. Gift Over
4. GST Exempt and Non-GST Exempt Portions
B. Child's Trust
1. Income and Principal
2. Termination
3. Gift Over
C. Beneficiaries under Age 30
1. Trust
2. Income and Principal
3. Termination
D. Merger
IV. Trustees
A. Designation of Successor or Additional Trustees
1. Protector Shall Appoint or Remove Trustees
2. Indemnity
3. Notice of Change of Trustee
“4. Unavailable Trustee
Limitations on Trustees
Resignations
Powers of Successor Trustees
Reliance
Exoneration
. Indemnification
Accounts
1. Compensation
J. Trustee's Discretions
V. Trustee and Protector Not Required to Give Bond
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VI. Statement of Intent; Payment of Taxes
A. Not Binding
B. Support
C. General Welfare
D. Payment of Taxes
E. Tax Savings Clause
F. Generation-Skipping Transfer Tax Savings Clause
Vil. Vesting of Interests
A. Survivorship
B. Spendthrift Provision
C. Sole and Separate Interest
D. Perpetuities
Vill. Trustee's Powers and Provisions
A. Trustee's Powers
B. Beneficiaries
1. Distribution
2. Deposits
3. Direct Expenditures
4. Receipt
IX. Powers of Appointment
A. Permitted Appointees
B. Impermissible Appointees
C. Exercise of Power of Appointment
4. Will or Codicil
2. Revocable Trust
3. Donee's Acknowledged Instrument
D. Donee's Increased Taxes
E. Rights of Appointees Against Distributees
X. Protector; Powers of Protector
A. Designation of Protector and Successor Protector
B. Removal or Resignation of Protector
1. Involuntary Removal
2. Voluntary Resignation
C. Protections and Exculpations
D. Consent to Addition or Removal of Beneficiary
E. Remove or Appoint Trustee and Designate Governing Law
F. Appoint Additional Trustees
G. Demand Accounting
H. Require Bond
|. Duration of Powers
J. Written Consent
K. Compensation
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XI. Construction Provisions
A. Definitions
1. Acknowledged Instrument
2. Assets
3. Business Entity
4. Charitable Organizations
5. Child and Issue
6. CPI Adjustment
_ 7. Distribute
8. Gift Tax Liability
9. Grantors
10. Grantors’ Income Tax Liability
Attributable to the Trust
11. Grantors’ Estimated Income Tax Liability
Attributable to the Trust
12. Heirs at Law
13. Internal Revenue Code
14. Per Stirpes
15. Personal Representative
16. Political Organizations
17. Relatives
18. S Stock
19. Securities
20. Tax
21. Trust Property
B. Contingent Beneficiaries
C. Governing Law
1. Laws of Belize
2. Foreign Administration
3. Change of Governing Law
4. Appointment to Another Trust
D. Notice
1. Notice to Trustee
2. Notice by Protector or Beneficiary to Trustee
| _ 3. Notice by Trustee to Any Person
E. Multiple Counterparts
F, Headings
G. References
H. Gender and Number
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 23 of 52
THE WALSH
INTERNATIONAL & IRREVOCABLE FAMILY TRUST INDENTURE
THIS TRUST INDENTURE is entered into this 3. © day of July, 2020 between Patrick
Parker Walsh & Hannah Judy Walsh whose address is P.O. Box 147, Williston, Florida,
32696, United States of America as "Grantors", and Georgetown Trust, Ltd. having its
principal office at Caye Financial Centre, Coconut Drive & Hurricane Way, San Pedro,
Ambergris Caye, Belize, as "Trustee," and Joel M. Nagel, Esq., having his principal office at
409 Broad Street, Suite 204, Sewickley, Pennsylvania, 15143, United States of America as
"Protector," for the benefit of Patrick P. & Hannah J. Walsh
RECITALS
WHEREAS Patrick P. & Hannah J. Walsh wish to make an irrevocable gift of money
and property as contained in Schedule "A" to The Walsh International & Irrevocable Family
Trust Indenture;
WHEREAS Georgetown Trust, Ltd. (Belize) agrees to accept this indenture and act as
Trustee on the terms and conditions stated herein:
NOW THEREFORE, the Grantors set forth this Trust Indenture as follows:
I. NAME OF TRUST; CHANGE OF NAME
A. Name of Trust: The initial trust created by this Trust Indenture shall be known as
“The Walsh International & Irrevocable Family Trust Indenture"
B. Change of Name: The Trustee, with the consent of the Protector, by deed or other
written instrument, may change the name of any trust created by or pursuant to this Trust
Indenture.
Il. IRREVOCABILITY; AMENDMENT
A. Irrevocabiiity: The Grantors transfer to the Trustee the property described in
Schedule A absolutely and irrevocably, upon the uses and trusts herein stated. The Trustee
agrees to hold and administer the trust estate in accordance with the terms set forth below
and the Trustee's best judgment.
B. Amendment: During the lifetimes of the Grantors, the Trustee, with the consent of
the Protector, may amend, alter, change, or modify this Trust Indenture, in any manner, in
whole or in part, by a written instrument signed by the Trustee and the Protector. Upon the
death of the last Grantor, this Trust Indenture may not be amended, altered, changed, or
modified in any way by the Trustee, the Protector, or any other person whomsoever, except
as provided in this Trust Indenture.
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lll. BENEFICIARIES; DISPOSITIVE PROVISIONS
A. Trust for Grantors and Grantors’ Issue: The Trustee shall administer and
distribute the trust for the benefit of Grantors, and Grantors’ issue, whether now living or born
to or adopted by the Grantors during the Grantors’ lives. The Trustee by a written instrument,
with the consent of the Protector, at any time during the lifetime of both Grantors, may (i)
designate any person or class of persons, charitable organization (being recognized as
having charitable status in its country of formation or operation), or any other entity, to be a
Beneficiary; and (ii) declare that any Beneficiary (whether originally named as a Beneficiary
of the Trust herein or subsequently nominated) shall cease to be a Beneficiary, either for all
time or any fesser period. The Trustee shall ensure that during the Grantors’ lives there is
always at least one Beneficiary.
1. Income and Principal: The Trustee is authorized, at any time or times, to distribute
all or any part of the net income or principal or both to Grantors and Grantors’ issue, in equal
or unequal shares, which is advisable in the Trustee's absolute discretion, for his best
interests and general welfare, even if the distribution results in the termination of the trust.
Any undistributed net income shall be accumulated and added to principal at intervals
determined by the Trustee.
2. Termination: Unless sooner terminated by discretionary distributions pursuant to
paragraph 1, this trust shall terminate on the date of the death of the second Grantor.
(Referred to in this Section A as "Termination Date").
3. Gift Over: Upon the Termination Date, the Trustee shall distribute all principal and
any accrued or undistributed income which remains and has not been disposed of by
Grantors’ exercise of a valid power of appointment, in the following manner:
a. The assets shall be distributed to the secondary or contingent beneficiaries of this
Trust pursuant to the Trustees discretion, taking into account any letter of wishes or evidence
of the Grantors’ intentions with regard to specific property or all of the trust assets in general.
Any amount allocated for a then living child of Grantors shall be distributed to such child,
subject to the provisions of Section B. Any amounts allocated for a then living issue of
Grantors other than a child of the Grantors (or any other person or entity) shall be distributed
to such beneficiary, subject to the provisions of Section C.
b. If none of Grantors’ issue is then tiving, the assets shall be distributed to the
contingent beneficiaries, with those beneficiaries’ identities, and the shares of the
distributable assets which they each receive, to be determined as of the date of death of the
Grantors.
4. GST Exempt and Non-GST Exempt Portions: If at any time the Trustee is holding
assets which are potentially subject to generation-skipping transfer ("GST") tax, it is the
Grantors’ intent that the Trustees first allocate and distribute the Non-GST Exempt assets to
Grantors’ issue, to the extent possible, and the GST-Exempt assets to Grantors’
grandchildren.
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B. Child's Trust: Each trust established for the benefit of a child of the Grantors shall
be known by the name designated by the Trustee, at the time such trust is created.
1. Income and Principal: The Trustee, with the consent of the Protector, is
authorized, at any time or times, to distribute all or any part of the net income or principal or
either to such child and his or her issue, in equal or unequal shares, which is advisable in the
Trustee's absolute discretion, with the consent of the Protector, for his, best interests and
general welfare, even if the distribution results in termination of the trust. Any undistributed
net income shall be accumulated and added to principal at intervals determined by the
Trustees. The Trustee shall generally observe the Child Clause Provisions of Section C
below without impeding the Trustee’s absolute discretion.
2. Termination: Unless sooner terminated by discretionary distributions pursuant to
paragraph 1, the irust shall terminate on the date of death of such child referred to in this
Section B as "Termination Date."
3. Gift Over: Upon the Termination Date, the Trustee shall distribute all principal and
any accrued or undistributed income which remains in the following manner:
a. The assets shall be distributed at the discretion of the Trustee, for the then living
issue of such child and distributed to such child, subject to the provisions of Section C.
b. If none of such child's issue is then living, the Trustee shall re-allocate the assets for
the Grantors’ then living beneficiaries. Any amount allocated for a then living child of Grantors
shall be distributed to such child, unless such child is a beneficiary of another trust under this
Trust Indenture, in which case his or her share shall be added to principal of that trust. Any
amounts allocated for a then living issue of Grantors other than a child of the Grantors shall
be distributed to such issue, subject to the provisions of Section C.
c. If none of the child's issue nor the issue of the Grantors is then living, the assets
shall be distributed to the contingent beneficiaries, with those beneficiaries’ identities and
amount to be received by such beneficiary, to be determined as of the date of death of such
child, by the Trustee.
C. Beneficiaries Under Age 30: Each trust established for the benefit of any
beneficiary other than a child of Grantors shall be known by the name designated by the
Trustee, with the consent of the Protector, at the time such trust is created.
1. Trust: If any beneficiary other than a child of the Grantors becomes eligible to
receive a distribution under this trust before he or she reaches his or her 30th
birthday, the Trustee shall retain the beneficiary's distribution in trust to be
administered and distributed as provided in this Section.
2. Income and Principal:
a. The Trustee is authorized, at any time to distribute any part of the net income or
principal or both which is advisable in the Trustee's discretion for the beneficiary's support in
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reasonable comfort, even if the distribution results in the termination of the trust. Any
undistributed net income shall be accumulated and added to principal at intervals determined
by the Trustee.
b. Disposition: When the beneficiary reaches his or her 18th birthday, the Trustee
may distribute up to 10% of all trust assets, as then constituted, to the beneficiary. When the
beneficiary reaches his or her 21st birthday, the Trustee may distribute up to another 10% of
the balance of the trust assets, as then constituted, to the beneficiary. When the beneficiary
reaches his or her 25" birthday, the Trustee may distribute up to 30% of the balance of the
trust assets, as then constituted, to the beneficiary. When the beneficiary reaches his or her
30" birthday, the Trustee may distribute up to the total balance of the trust assets as then
constituted, to the beneficiary. The Trustee may extend or withhold payments to the
Beneficiary for any reason with full discretion. If the beneficiary dies before reaching his or
her 30th birthday, the Trustee shall distribute all trust assets, as then constituted, to the
alternate or contingent beneficiaries as described within this Trust Indenture.
3. Termination: Unless sooner terminated by discretionary distributions pursuant to
paragraph 1, this trust shall terminate upon the beneficiary's 65" birthday.
D. Merger: If, at any time, the Trustee of any trust created by or pursuant to this Trust
Indenture is also acting as Trustee of any other trust created by a trust instrument (including
this Trust Indenture) or by a will for the benefit of the same beneficiary or beneficiaries upon
substantially the same terms and conditions, the Trustee is authorized and empowered, if in
its discretion this action is in the best interest of the beneficiary or beneficiaries, to transfer
and merge all of the assets then held in the trust created by or pursuant to this Trust
Indenture to and with such other trust; provided, however, that both or all of such trusts must
have been administered by the same Trustee and in the same jurisdiction prior to the transfer
and merger.
IV. TRUSTEES
A. Designation of Successor or Additional Trustees.
1. Protector Shall Appoint or Remove Trustees: The power to appoint a new
trustee or Trustees and an additional Trustee or Trustees and to remove a Trustee or
Trustees of any trust created bv or pursuant to this Trust Indenture shall be vested in the
Protector in accordance with Article Ten. However, the Protector cannot appoint himself as
Trustee, as successor Trustee, or as an additional Trustee.
2. Indemnity: A resigning or removed Trustee shall be entitled to require from each
continuing Trustee or new Trustee indemnity as described in Article IV.G. The Trustee shall
have the right upon resignation or removal or upon its otherwise ceasing to be a Trustee
hereof or upon distribution or withdrawal of assets forming all or part of the Trust Property to
withhold, unless otherwise indemnified to its satisfaction, such assets as it shall in good faith
consider necessary on account of liabilities (whether vested, contingent, or otherwise) to
which it may as Trustee be subject, or to satisfy its rights of indemnification granted
hereunder or by law implied.
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3. Notice of Change of Trustee: Notices of all changes in the office of Trustee shall
be endorsed on or attached to this Trust Indenture and signed by the surviving, continuing, or
new Trustee or Trustees, and every such notice shall be sufficient evidence to any person
having dealings concerning this Trust Indenture as to the facts to which it relates.
4. Unavailable Trustee: Whenever any Trustee is absent or otherwise unavailable,
the other Trustees may act without the unavailable Trustee except with respect to the
exercise of any discretion with respect to the distribution of income or principal of the trust.
Any person dealing with the Trustees may, at any time or from time to time, rely on an
acknowledged instrument by one or more of them that he has or they have sole authority to
act because of the unavailability of the other Trustees, and such acknowledged instrument
shall be binding on the trust to make fully valid the action with the person relying on such
acknowledged instrument.
B. Limitations on Trustees: Any other provision of this Trust Indenture to the contrary
notwithstanding, no Trustee shall participate in the exercise of any discretion with respect to
the distribution of income or principal or any portion of the trust property in which he, or any
person he is obligated to support, has any present beneficial interest, and the discretion shall
be exercised only by the remaining Trustee or Trustees.
C. Resignations: Any Trustee may resign at any time by giving fourteen (14) days
notice by acknowledged instrument to the Co-Trustee, if any, and to the Protector, or, if none,
to the then income beneficiaries. With regard to any Trustee, upon (i) certification from two
licensed doctors of medicine, each doctor affirming in a written instrument signed by him or
her that he or she has examined such Trustee, and has concluded, based upon such
examination, that such Trustee is unable to discharge its duties as Trustee, or (ii) the Trustee
becoming subject to any bankruptcy laws, or if the Trustee is a company, (a) entering into
liquidation, whether compulsory or voluntary, provided that such liquidation is not merely a
voluntary liquidation for the purposes of amalgamation or reconstruction, (b) entering into
receivership, (c) having an administrator of the Trustee appointed, or (d) being in any
analogous state or subject to any analogous action in any jurisdiction, such Trustee shall
thereupon be deemed to have resigned as Trustee, and the appointment of a successor
Trustee shall be governed by Article X. Any such resignation shall operate to vest the Trust
Property in the Co-Trustees, if any, or the successor Trustees.
D. Powers of Successor Trustees: Each successor Trustee shall have all rights and
discretions which are granted to the original Trustee. No Trustee shall be responsible for any
act or omission of any other Trustee. No successor or additional Trustee shall incur any
liability as a result of qualifying as a Trustee before receiving an account of the previous
administration of the trust.
E. Reliance: No person who deals with the Trustee shall be bound to see to the
application of any asset delivered to the Trustee, or to inquire into the authority for, or
propriety of, any action taken or not taken by the Trustee.
F. Exoneration: Any decision of the Trustee with respect to the exercise or
nonexercise of any discretionary power or the time or manner of the exercise thereof, made
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in good faith, shall fully protect the Trustee and be binding upon all persons interested in any
trust created by this Trust Indenture. The Trustee shall not be liable for acts or omissions in
administering a trust, except that each Trustee shall be liable for his own actual fraud, gross
negligence, or willful misconduct. Furthermore, the Trustee may consult with counsel, in trust
situs or elsewhere, who may be counsel to the Grantors, or to the Trustee, or to the Protector
concerning any question which may arise with reference to the Trustee's duties or powers, or
any of the provisions of this Trust Indenture, and the opinion of such counsel shall be a full
and complete authorization and protection with regard to any action taken or not taken by the
Trustee in good faith and in accordance with such opinion of counsel, and the Trustee shall
not be liable for any loss or damage sustained as a result thereof.
G. Indemnification: Each Trustee shall be indemnified and held harmless by the trust
to the full extent of the assets thereof, with respect to any liability incurred by him in his
capacity as Trustee. In addition, the Trustee is authorized to reimburse himself with respect
to any expense, including legal fees, incurred by him in connection with his services
hereunder.
H. Accounts: The Trustee shall prepare annually an account of the income and
principal of each trust created hereunder and deliver a copy of such account and the income
tax returns filed by the Trustee (or information provided so that such tax and / or information
returns may be filed) on behalf of such trust to the Grantors or Grantors’ representatives
during Grantors’ lives. After the second Grantors’ death, the Trust shall provide such
statements to any beneficiary with regard only to their specific distribution and not as to the
overall financial activity of the trust. Unless compelled by judicial process or administrative
procedure, the Trustee shall not disclose any further information regarding the assets or
income of any trust created hereunder to any beneficiary thereof. The Trustee shall be
acquitted from liability for any action or omission taken in good faith which is disclosed in any
account delivered to any beneficiary or their personal representatives or successors if no
specific written objection to such action or omission is delivered by any such beneficiary or
their personal representatives or successor to the Trustee within sixty (60) days of receipt of
any such account.
|. Compensation: Except as the governing law of this Trust Indenture or the terms of
any trust created by or pursuant to this Trust Indenture provide to the contrary, the Trustee
shall be entitled to charge and pay out of principal or income (or partly out of each) of this
Trust Indenture, or any trust created by or pursuant to this Trust Indenture, remuneration in
accordance with Schedule 3 attached hereto and made a part of this Trust Indenture. Any
Trustee that is a banker may, without accounting for any resulting profit, act as banker to
each such trust for all purposes upon the terms that are usual between such bank and a
customer. Any Trustee that is a professional person or firm may act in that professional
capacity toward such trust for all purposes upon the terms that are usual between such
professional person or firm and a client. [Notwithstanding the foregoing provisions of this
Section |, however, the Trustee's charges and remuneration shall not exceed reasonable and
customary charges and remuneration for similar services charged by corporate fiduciaries in
the same geographic area.] It is hereby expressly provided that any corporation organized by
the Grantors, a beneficiary or beneficiaries of any trust created by or pursuant to this Trust
Indenture, or by the Trustee, may establish accounts and contract for services, including,
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without limitation, custodian accounts, with or without investment advisory services, or other
professional services, as the case may be, with the Trustee hereof, or with any affiliate
thereof, and each may deal freely with the other, without the Trustee being required to
account for any resulting profit, in like manner and to the same extent as if the said Trustee
were not Trustee hereunder, and the Grantors hereby waive any principle or rule of law or
equity that would in any way restrict any transaction, contract, or dealing because of a real or
possible conflict of interest between the Trustee and said corporation, and all persons at any
time interested hereunder shall be bound by such waiver.
J. Trustee's Discretions: Except as otherwise provided in this Trust Indenture, every
discretion or power hereby or by law conferred upon the Trustee shall be an absolute and
uncontrolled discretion or power. Every Trustee which is a corporation or company may
exercise or concur in exercising any discretion or power hereby or by law conferred upon the
Trustee by a resolution of such corporation or company or its governing body or may
delegate the right and power to exercise or concur in exercising any such discretion or power
to one or more members of its governing body appointed from time to time by its governing
body for that purpose, or may delegate such right or power to any one of its directors,
officers, or employees.
V. TRUSTEE AND PROTECTOR NOT REQUIRED TO GIVE BOND.
Subject to the power of the Protector to require bond pursuant to Article X, neither the
Trustee nor the Protector nor any person or entity to whom the Trustee has delegated a
power pursuant to the provisions of any Article of this Trust Indenture shall be required to
give a bond or other security for the faithful administration and discharge of its duties under or
by virtue of this Trust Indenture, or any trust created by or pursuant to this Trust Indenture,
and should any bond or undertaking be required, this direction notwithstanding, by any law or
rule of court, no surety shall be required thereon. If the Protector requires that any Trustee or
person or entity to whom the Trustee has delegated a power pursuant to the provisions of
Article X shall give a bond or other security, the amount of such bond or other security shall
be in an amount that is reasonably attainable by such person or entity.
VI. STATEMENT OF INTENT; PAYMENT OF TAXES
A. Not Binding: Paragraph B of this Article explains the Grantors’ intent in granting
the powers contained in this Trust Indenture. It is meant only as a nonbinding guide to that
intent, and shall not change or limit those powers.
B. Support: The discretion granted in this Trust Indenture to distribute assets for a
beneficiary's support in. reasonable comfort includes the discretion to make assets available
to provide the beneficiary the necessities of life, such as food, shelter, clothing, and medical
care; to furnish the beneficiary a reasonable amount of amenities of life; and to provide for
the education of a beneficiary who would benefit by it. Trustee may also withhold payments
for such support within his absolute discretion and no enforceable right to receive payments
of any kind shall be created for any beneficiary herein.
C. General Welfare: The discretion granted in this Trust Indenture to distribute assets
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for a beneficiary's best interests and general welfare includes, in addition to making assets
available for the beneficiary's support in reasonable comfort, the discretion to make assets
available to provide the beneficiary entertainment, travel, and vacations; to purchase and
furnish a residence for the beneficiary; and, if circumstances warrant, to purchase, start, or
invest in a business for the beneficiary which appears to be sound or promising, even though
itis not the type of investment in which trust assets were normally invested. Trustee may
also withhold payments for such support within his absolute discretion and no enforceable
right to receive payments of any kind shall be created for any beneficiary herein,
D. Payment of Taxes: With respect to each trust created by or pursuant to this Trust
Indenture, the Trustee of such trust may use so much or all of the assets of such trust for the
payment of any part or all of any taxes, including, without limitation, income, gift, estate,
inheritance, succession, generation-skipping transfer, and death taxes and duties, required to
be paid for any reason by (1) any person who may have transferred property of any nature to
such trust, or (2) any one or more of the beneficiaries of such trust or the estate of such
beneficiaries, in such amounts and in such manner, and whether proportionately or not, or
may refrain from paying any part or all of such taxes, as the Trustee, in the Trustee's sole
discretion, deems proper under the circumstances, and regardless of whether the payment of
such taxes, or any part thereof, may or may not be legally enforceable against the Trustee of
such trust. Such payment may be made to the personal representative of the estate of a
deceased beneficiary, or to any person or corporation, whether or not in a fiduciary capacity,
purporting to act on behalf of the estate of a deceased beneficiary, or to any beneficiaries of a
deceased beneficiary's estate, or to any person or persons by whom such taxes or any part
thereof are payable, or directly to any governmental bureau or other agency to which such
taxes are payable, as the Trustee, in the Trustee's sole discretion, shall deem appropriate in
the circumstances. The Trustee shall be absolutely protected in relying on any written
statement as to the sums necessary for such payments of taxes as shall be furnished by any
of the persons or entities above described to whom, or on whose behalf, payment of such
taxes may be made. The Trustee shall not be required to see to the proper allocation of any
such sums. Payment of or failure or refusal to pay such taxes, by the Trustee, in the exercise
of the discretionary authority hereby conferred upon the Trustee, shall be conclusive and
binding upon all persons interested in the Trust Property.
E. Tax Savings Clause: A Trustee or Protector of any trust created by or pursuant to
this Trust Indenture who is a natural person shall not have any power whatsoever in the
determination of accumulation of income or of distribution (including but not limited to
distributions to such person and distributions in discharge of any legal obligation of such
person) of income or principal or in the apportionment of receipts and expenses between
principal and income or in the establishment and maintenance of reserves in any trust
created by or pursuant to this Trust Indenture or any power in any other determination or
distribution that would cause trust principal to be includible in such person's estate for tax
purposes, that would cause such person to make a gift for tax purposes (whether by reason
of a prior disclaimer by such person, by reason of the making of such determination or
distribution, or otherwise), or that would cause trust income to be taxed to such person, but
such determinations and distributions shall be made in the sole discretion of the other
Trustee or Protector then acting, if any. If there is no other Trustee or Protector then acting,
such determinations and distributions shall not be made.
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F. Generation-Skipping Transfer Tax Savings Clause: Notwithstanding any other
provision of this Trust Indenture to the contrary, in no event shall the Trustee of any trust
created by or pursuant to this Trust Indenture transfer any assets of a trust which has an
inclusion ratio (as defined in Section 2642 of the Internal Revenue Code) of zero (0) to
another trust which has an inclusion ratio (as defined in Section 2642 of the Internal Revenue
Code) of more than zero (0) or which would otherwise result in the loss of any exemption or
exclusion for purposes of the generation-skipping transfer tax under Chapter 13 of the
Internal Revenue Code.
Vil. VESTING OF INTERESTS /
A. Survivorship: For purposes of this Trust Indenture, a requirement that an individual
survive a specified individual or event (such as the termination date of a trust) or be "then
living" or "living" on a specified date means survival of the specified individual, event, or date
by such individual by at least ninety (90) days. Any distribution under this Trust Indenture that
is conditioned on the survivorship of one or more persons or requires that such persons be
"then living" or "living" shall be of no effect if such survivorship condition is not met.
Notwithstanding the preceding sentences, however, if, upon termination of a trust established
hereunder, the effect of the preceding sentences with respect to any individual's death would
(but for the provisions of this sentence) cause any part of the trust's termination to be a
taxable termination for purposes of the generation-skipping transfer tax under Chapter 13 of
the Internal Revenue Code, then a requirement that such individual survive the termination or
be "living" or "then living" means that the individual (with respect to whose death after the
trust's termination but prior to ninety (90) days after such termination is at issue) must only be
living on the day of the termination of the trust. In this regard, if an individual dies under
circumstances making it impractical to determine whether such individual was actually living
on the day of the termination of the trust, such individual shall be deemed to have been living
on the day of the termination of the trust.
B. Spendthrift Provision: No interest of any beneficiary in any trust created by or
pursuant to this Settlement shall in any event be subject to the beneficiary's liabilities or to
creditors claims, in the event of bankruptcy, death, divorce or other legal, regulatory or
judicial proceeding, nor may there be a sale, anticipation, assignment, hypothecation, pledge,
or transfer by such beneficiary (except in the case of assets disposed of pursuant to the
exercise of a power of appointment granted herein), nor shall the assets of such trust or the
income therefrom be liable for any debt of any beneficiary or be subject to any judgment
rendered againsi any beneficiary or to the process of any court in aid of execution of any
judgment so rendered, and all of the income and principal shall be transferable, payable, and
deliverable only to or applicable only for the benefit of the beneficiaries designated hereunder
at the time or times that they are eligible to the same under the terms of this Settlement.
C. Sole and Separate Interest: No interest of any beneficiary of any trust created by
or pursuant to this Trust Indenture, nor any part of the same, nor any income therefrom shall,
in any event, form or constitute a portion of any communal or joint estate of such beneficiary,
and any such interest shall be and remain the sole, separate, and exclusive property of such
beneficiary, and should such beneficiary be married or marry in a jurisdiction the laws of
which provide for community of property, then any such interest shall be expressly excluded
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from the community, and if any such beneficiary shall be female, such interest shall also be
free from the interference, control, or marital power of her husband.
D. Perpetuities: Regardless of any contrary provision of this Trust Indenture, no asset
Shall be held in any trust for a longer period than twenty years after the date of death of the
last survivor of Grantors and all of Grantors’ issue living at the time of execution of this Trust
Indenture. If any assets are held in a trust at the end of that period, all rights and discretions
granted in this Trust Indenture to accumulate the trust net income shall terminate. All then
remaining trust principal and accrued or undistributed income shall then vest in, and be
distributed to, the beneficiary or beneficiaries of that trust to whom the Trustee must or may
then pay the trust's income, in proportion to their interests in trust income, or, if such interests
are indefinite, equally to such beneficiaries without regard to their relationship to the
Grantors.
Vill. TRUSTEE'S POWERS AND PROVISIONS
A. Trustee's Powers: The Trustee, subject only to the limitations expressly provided
in this Indenture, shall have the following powers and rights besides those vested in the
Trustee elsewhere in this Indenture or by law:
1. To manage, sell, contract to sell, grant options to purchase, convey, exchange,
transfer, abandon, improve, repair, insure, lease for any term even though commencing in the
future or extending beyond the term of the trusts, and otherwise deal with all property, real or
personal, in such manner, for such considerations, and on such terms and conditions as the
Trustee shall decide.
2. To retain, invest, and reinvest the Trust Property in stocks, bonds, mortgages,
notes, loans to any person or other property of any kind, real or personal, and irrespective of
rules of law, including without limitation any investment of a type similar to any investment
that is a part of the Trust Property as of the date of the Trust's execution; and any investment
made or retained by the Trustee in good faith shall be proper although not of a kind or
constituting a diversification considered by law suitable for trust investments.
|
3. To subdivide, raze, alter, dedicate, vacate, resubdivide, donate, partition or release
real estate and any or all improvements thereon, and to renew or extend leases, amend,
change or modify leases, contract to make leases, grant options to lease, options to renew
leases, options to purchase the whole or any part of the reversion, contract regarding the
manner of fixing the amounts of present or future rentals, and grant easements or charges of
any kind, on or with respect to such real estate, or any right, title, or interest therein, all for
such considerations and on such terms and conditions as the Trustee shall decide.
4. To borrow money for any purpose, on such terms and from such sources (including
any Trustee acting hereunder) as the Trustee considers proper, and to mortgage or pledge
any Trust Property. |
5. To compromise, contest, arbitrate, or abandon claims or demands, all in the
Trustee's discretion.
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6. To have with respect to Trust Property all the rights of an individual owner, including
the power to give proxies, to participate in voting trusts, mergers, consolidations,
foreclosures, reorganizations, or liquidations, and to exercise or sell stock subscription or
conversion rights.
7. To hold securities or other property in the name of a nominee, agent, trustee of a
land trust, or in such other manner as the Trustee deems best with or without disclosing the
trust relationship.
8. To employ agents and counsel and to delegate to them such of the Trustee's
powers as the irustee considers desirable.
9. To divide or distribute Trust Property in undivided interests, in pro rata or non pro
rata shares, or in kind or partly in money and partly in kind, at such valuations as the Trustee
considers fair, and to sell property for the purpose of making division or distribution; and, for
administrative and investment purposes only, to consolidate any trust with any other trust in
which any beneficiary hereunder has any interest, and for such purposes to hold such several
trusts in one or more common accounts in which such trusts have undivided interests and to
make joint or several distributions of the income or principal thereof.
10. To pay all taxes and all reasonable costs, charges, and expenses incurred in the
administration of the trusts hereby created, including compensation to the Trustee and the
Trustee's agents and counsel.
11. To purchase property from, sell property or make secured loans to, or otherwise
deal without restriction with the executor, trustee, or other representative of any trust or
estate in which any beneficiary has any interest, even though the Trustee be such executor,
trustee, or representative without liability for loss or depreciation resulting therefrom.
12. To receive additional property from any person by will or otherwise.
13. To determine the allocation or apportionment of all receipts and disbursements
between income and principal in accordance with applicable law or, in those cases in the
Trustee's judgment not covered by that law, in an equitable manner.
14, To purchase and keep in force insurance of an appropriate nature and form and in
a reasonable amount for the protection of the Trust Property or the ownership thereof.
15. To acquire insurance, endowment, and annuity policies on the Grantors’ lives or on
the life of any beneficiary of any trust created hereunder or on the life of any person in whom
the Grantors or such beneficiary may have an insurable Interest: provided, however, that no
Trustee or Investment Advisor shall have or exercise any Incidents of ownership with respect
to any policy insuring the life of such person.
16. To transfer the Trust Property (or any portion thereof) or the situs of the Trust
administration, or both, at any time and from time to time from one jurisdiction to another
jurisdiction and, regardless of any other designation of applicable law, to elect in writing that
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the law of such other jurisdiction shall thereafter govern to such extent as may be necessary
and appropriate.
17. To appoint or remove from time to time by written instrument any person or
qualified corporation, wherever located, as special Trustee as to part or all of the Trust
Property, including property as to which the Trustee does not act, and such special Trustee,
except as specifically limited or provided by this Indenture or the appointing Instrument, shall
have all of the rights, titles, powers, duties, discretions, and immunities of the Trustee.
18. To continue interests in or to organize or join in the organization of one or more
corporations, partnerships (general or limited), joint ventures, limited liability companies, sole
proprietorships, or other businesses (each referred to separately below as a "Business
Entity") under the laws of any state or other jurisdiction and to transfer to a Business Entity
any part or all of the Trust Property in exchange for securities of, or other evidences of
interest in, such Business Entity; to participate in the management of a Business Entity by
having the Trustee or one or more agents of the Trustee act as a partner, limited partner,
employee, manager, officer, or director thereof, with appropriate compensation from the
Business Entity, and by delegating powers to them, all as the Trustee shall consider
advisable; and with respect to the foregoing activities, the Trustee or the agent or agents of
the Trustee shall not be liable to third persons with respect to any action, not sounding in tort,
unless such Trustee or agent fails to identify the Trust Property and reveal that he, she, or it
is acting in a representative capacity. The Trustee hereby expressly is authorized to incur
obligations on account of, or for the benefit of, a Business Entity, to make further investments
in, or to advance or loan funds to, a Business Entity out of any property held by the Trustee,
and, in general, to continue, conduct, and operate a Business Entity in like manner and with
the same full power, authority, and discretion, either alone or in conjunction with the other
participant or participants in such Business Entity, as the Grantors would have if the Grantors
were operating the same as individuals.
19. To retain indefinitely, and invest any part or all of the Trust Property in, Business
Entities, even though such investments may constitute a substantial part or all of the Trust
Property; and to dispose of all or any part of an interest in a Business Entity to third parties, to
the Business Entity, or to a party with a preexisting interest in the Business Entity, upon such
terms as the Trustee deems reasonable, and without regard to any duty to solicit offers from
third pariies. The Trustee shall not be liable or responsible to any person for any diminution in
value of the Trust Property that may result from disposing of, retaining, or investing in
Business Entities, or for any loss resulting from lack of diversification caused by such
investments.
20. To exercise control over an interest in a Business Entity in order to elect himself or
herself as a member of the board of directors, managing partner, or other official of the
Business Entity; to receive reasonable compensation for services rendered as a director,
officer, or other official of any such Business Entity; and to deal in an individual capacity or as
such director, officer, or other official of any such Business Entity with himself or herself as
Trustee. The Grantors hereby expressly authorize the Trustee to take any such action without
obtaining the approval or confirmation of any court, and, subject to the Trustee's duty to act
fairly, the actions of the Trustee in these respects shall be as binding and conclusive upon all
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of the beneficiaries hereunder as though no such relationship or possible conflict of interest
existed.
21. To write, sell, purchase, exercise, or otherwise engage in options on securities or
other property; and to invest in gold, silver, and other precious metals, works of art, antiques,
foreign currencies, coins, jewels, postage stamps, rare books, and any other type of
collectible.
22. To invest the Trust Property in, and sell or otherwise dispose of, remainder
interests, income interests, life estates, annuity interests and any other terminable, term, or
future interests or similar types of limited interests in property; and to make joint purchases
and sales of any property or interests therein with any entity or person (including any trust
hereunder or beneficiary thereof or the Grantors).
23. To explore, drill, mine, test, complete, equip, develop, maintain, improve, and
operate oil, gas, or other mineral property by primary, secondary or other means; to sell,
lease, sublease, release, exchange, convey, unitize and abandon the same; to grant powers
of attorney and options; to enter into dry-hole, bottom-hole, or like commitments; to contract
for the exploration, drilling, mining, developing, completing, equipping, operating, improving
and financing of oil, gas, or other mineral property and the finding, recovery, production,
processing, treatment, storage, transportation, marketing and conservation of oil, gas, and
other minerals therefrom, including all constituents and products thereof, to the extent the
Trustee considers the exercise of such powers necessary in order to conserve the Trust
Property.
24. To execute oil, gas and mineral leases (including leases with pooling provisions
and leases extending beyond the term of the trusts), contracts, deeds, agreements, mineral
conveyances, assignments, division orders, transfer orders, grants, and other instruments or
documents of every kind or character upon such terms and containing such provisions as the
Trustee considers appropriate.
25. To invest in any farming property or interest and to participate in the management
of any such property or interest by performing such acts as the Trustee shall consider
advisable, using such methods as are commonly employed in the community in which such
farming property or interest is located, including engaging agents, managers, and employees
and delegating powers to them.
26. To divide (on the basis of fair market values at the time of division) any trust into
separate trusts to provide:
a. a portion that would and a portion that would not be included in a beneficiary's
federal gross estate if the beneficiary were to die at the time of division;
b. a portion that has an inclusion ratio for federal generation-skipping purposes of zero
and a portion that has an inclusion ratio for such purposes of one; and
c. a portion for federal generation-skipping purposes that has only one transferor; and
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d. separate portions for any other reason which the Trustee finds desirable.
Any trusts so divided shall be administered separately as the Trustee, in the Trustee's
discretion, shall determine is appropriate under the circumstances.
27. Except while the Grantors or an agent retains the powers to invest all or any
portion of the Trust Property during the Grantors’ lives:
a. in a home (other than one in which the Grantors reside) in which a Relative may live
either rent-free or upon such terms as the Trustee shall decide; and
b. in secured or unsecured loans to any one or more Relatives and Charitable and
Political Organizations, with or without interest, for such duration and with such other terms
as the Trustee shall specify (except such power may not be exercised to benefit the Grantors’
own candidacy).
In the event of any such investment by the Trustee during the Grantors’ lives, the
Trustee, if the Trustee so elects, may make such investment subject to the obligations of a
Net Gift. Any Gift Tax Liability not otherwise satisfied shall be paid by the Trustee and
charged first to the income and, to the extent the income is insufficient, to the principal of the
Trust Property of the trust in which such investment has been made.
28. To invest all or any portion of the Trust Property:
a. in any trade, business, or profession in which a Relative has entered or proposes to
enter (except to the extent the investment of the Trust Property therein would produce an
economic benefit to the Grantors apart from the Grantors’ interest in any trust under this
Indenture); and
b. in any investment in which a Relative has invested or proposes to invest (except to
the extent the investment of the Trust Property therein would produce an economic benefit to
the Grantors apart from the Grantors’ interest in any trust under this Indenture).
29. After the second Grantors’ death, with respect to all or any portion of the Trust
Property of a trust named for a person created above, to invest:
a. in a home irrwhich such person may live either rent-free or upon such terms as the
Trustee shall decide; and
b. in secured or unsecured loans to such person, with or without interest, for such
duration and with such other terms as the Trustee shall specify.
30. To have any rights and to do anything and everything with respect to Trust
Property that an individual owner thereof would have or could do.
31. To perform any and all other acts in the Trustee's judgment necessary or
appropriate for the proper and advantageous management, investment, and distribution of
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the Trust Property, whether in the jurisdiction of the trust administration or in any jurisdiction
of any trust beneficiary.
B. Beneficiaries: In making payments to any beneficiary in accordance with the
provisions of this Trust Indenture, the Trustee may pay those assets directly to the
beneficiary. Alternatively, the Trustee has discretion to distribute assets for the beneficiary's
benefit in any one or more of the following ways:
1. Distribution:
a. to the beneficiary's natural or testamentary guardian;
b. to a custodian for the beneficiary under the Uniform Gifts to Minors Act or the
Uniform Transfers to Minors Act, as the case may be, of either the jurisdiction in which the
beneficiary or the custodian resides, or any other appropriate jurisdiction, with the custodial
arrangement continuing until the beneficiary reaches 21 years of age rather than 18, if
allowable under the laws of the relevant jurisdiction;
c. to the committee, guardian, or conservator of a beneficiary for whom such a
fiduciary is qualified and acting;
d. to distribute assets to any person or institution who has the care, custody, or control
of the beneficiary, or with whom, or at which, the beneficiary resides, for the beneficiary's sole
and exclusive benefit;
e. to any trust of which the beneficiary is the current beneficiary (to be added to and
administered as a part thereof);
f. to distribute assets in all ways provided by laws dealing with gifts to or distributions
to persons under disability;
2. Deposits: To deposit assets in one or more accounts in the beneficiary's name with
any brokerage firm, bank, savings bank, savings and loan association, or money market fund;
3. Direct Expenditures: To expend assets directly for the beneficiary's sole and
exclusive benefit in any other manner, including paying the beneficiary's bills or guaranteeing
and paying the beneficiary's obligations.
4. Receipt: The receipt of any person described in this Article for assets distributed, or
evidence of any expenditure made in accordance with this Article, shall fully discharge the
Trustees as to the distributed assets.
IX. POWERS OF APPOINTMENT
A. Permitted Appointees: In exercising a power of appointment conferred on the
donee of such power, the donee may, in addition to and not in substitution for any other
provisions of applicable law relating to powers of appointment: appoint outright or in trust;
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select the Trustee if he or she appoints in trust; create new powers of appointment in a
Trustee or in any other appointee; if he or she makes an appointment in trust, grant such
administrative powers to the Trustee as he or she deems appropriate; appoint a life interest
to one or more objects of his or her power with remainder to others; appoint to his or her
grandchildren or more remote descendants, even though the parents of such appointees are
living; impose lawful conditions and restrictions upon any appointment; appoint different types
of interests to different appointees; appoint to one or more objects to the exclusion of others;
impose lawful spendthrift restrictions; and generally appoint to the permissible class of
appointees by a document described in Article IX.C. in any manner he or she selects; always
further provided that such power over the trust estate is irrevocably releasable in whole or in
part and that, in addition to any other method of release recognized by law, such power may
be released by a writing filed with the Trustee, irrevocably declaring an intention to release.
B. Impermissible Appointees: With respect to any special power of appointment
conferred on a donee of such power in this Trust Indenture, however, (a) no appointment the
donee makes may directly or indirectly benefit the donee, the donee's estate, the donee's
creditors, or the creditors of the donee's estate and (b) no one who is not an object of the
power may be benefitted. A special power of appointment over principal conferred on the
donee shall not extend to any policy of insurance on such donee's life.
C. Exercise of Power of Appointment: A power of appointment conferred on the
donee of such power in this Trust Indenture may be exercised only in one of the following
manners: (a) by a clause in the will or codicil of the donee; (b) by a provision of a revocable
trust (including, without limitation, any trust known as a "living trust" in the United States)
settled by the donee; or (c) by an instrument in writing signed by the donee and
acknowledged by the Trustee as such. Any such clause, provision, or instrument shall identify
the power by specific reference thereto and shall dispose of any part or all of the property
subject to the power.
1. Will or Codicil: In determining whether, in what manner, and to what extent a
power of appointment hereunder has been exercised by will or codicil, the Trustee may act in
reliance upon a court order admitting an instrument to probate as the will or codicil of the
donee or a finding that the donee died intestate and, unless within nine (9) months after the
donee's death the Trustee has actual notice of the existence of proceedings to probate a will
or codicil of the donee, the Trustee shall assume that the donee died intestate.
2. Revocable Trust: In determining whether, in what manner, and to what extent a
power of appointment hereunder has been exercised in a revocable trust, the Trustee may
act in reliance upon a copy of the applicable revocable Trust Indenture certified by the
Trustee thereof within nine (9) months of the donee's death that such copy is a true and
correct copy (including all amendments thereto) and that such revocable Trust Indenture was
in full force and effect as of the date of death of the donee, and unless the Trustee receives
such a copy of any such trust within nine (9) months of the donee's death, the Trustee shall
assume that the donee died with no such trust in existence.
3. Donee's Acknowledged Instrument: In determining whether, in what manner, and
to what extent a power of appointment hereunder has been exercised in an instrument in
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writing signed by the donee and acknowledged by the Trustee as such, the Trustee may act
in reliance upon an original of such instrument delivered to it by the donee during the donee's
lifetime.
D. Donee's Increased Taxes: To the extent that death taxes or other governmental
charges payable upon the exercise or nonexercise of the donee's special power of
appointment are imposed upon any appointee or taker in default of appointment in an amount
greater than would have deen imposed if the donee had not held such power, the Trustee
shall pay such taxes or other charges from the Trust Property and reduce the share of such
appointee or taker in default in an amount equal to the increment in taxes or charges
imposed upon such person.
E. Rights of Appointees Against Distributees: No provision of this Article IX shall
affect any right that an appointee or beneficiary in default of appointment may have against
any distributee.
X. PROTECTOR; POWERS OF PROTECTOR
A. Designation of Protector and Successor Protector: There shall be a Protector of
each trust created by or pursuant to this Trust Indenture. The original Protector (herein
referred to as the Protector, and which term shall include any successor Protector from time
to time acting hereunder) is named on Schedule C attached hereto and made a part hereof.
Every Protector shall have the power to appoint a successor Protector who shall succeed it in
all powers and discretions. Any such appointment may be changed by the appointing
Protector from time to time before to the time it becomes effective. If any Protector resigns or
otherwise ceases to act as such and fails to appoint a successor, the Trustee shall have the
power at any time to appoint a successor Protector hereto, but may not appoint itself or any
party related to or subordinate to itself as Protector. If any Protector resigns or otherwise
ceases to act as such and fails to appoint a successor Protector and the Trustee also fails to
appoint a successor Protector, then the beneficiaries of the applicable trust (or Trust) shall
have the power to appoint a successor Protector by majority vote. Any appointment of a
successor Protector shall be by a written instrument delivered to the appointee and shall be
effective at the time or under the conditions specified in such instrument and shall be
endorsed on or attached to this instrument and signed by the new Protector.
B. Removal or Resignation of Protector:
1. Involuntary Removal: With regard to any Protector, upon (i) certification from two
licensed doctors of medicine, each doctor affirming in a written instrument signed by him or
her that he or she has examined such Protector, and has concluded, based upon such
examination, that such Protector is unable to discharge its duties as Protector, or (ii) the
Protector becoming subject to any bankruptcy laws, or if the Protector is a company, (a)
entering into liquidation, whether compulsory or voluntary, provided that such liquidation is
not merely a voluntary liquidation for the purposes of amalgamation or reconstruction, (b)
entering into receivership, (c) having an administrator of the Protector appointed, or (d) being
in any analogous state or subject to any analogous action in any jurisdiction, such Protector
shall thereupon be deemed to have resigned as Protector, and the appointment of a
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successor Protector shall be governed by Section A.
2. Voluntary Resignation: The Protector may resign at any time by delivering written
notice thereof to the Trustee. Any resignation of a Protector shall take effect upon the receipt
of the written notice by the Trustee and shall be recorded on Schedule C or otherwise be
attached to this instrument.
C. Protections and Exculpations: The Protector shall have the benefit of the same
indemnities, protections, and exculpations as conferred on the Trustee by the operation of
law or under the terms of this Trust Indenture.
D. Consent to Addition or Removal of Beneficiary: The Protector shall have
absolutely no duty whatsoever to consent or not consent to the addition or the removal of any
Beneficiary. The Protector shall not be liable for consenting or for failing to consent to the
addition or the removal of any such Beneficiary.
E. Remove or Appoint Trustee and Designate Governing Law:
1, Notwithstanding any other provisions of this Trust Indenture, the Protector shall
have the power from time to time and at any time by deed or other written instrument
delivered to the Trustee: :
a. to remove any Trustee of any trust created by or pursuant to this Trust Indenture;
b. to appoint a new Trustee or Trustees as Trustee of any trust created by or pursuant
to this Trust Indenture upon the resignation or removal of any Trustee; and
c. to designate the law of any jurisdiction (under which the terms of any trust created
by or pursuant to this Trust Indenture shall be capable of taking effect) to be the governing
law of any trust created by or pursuant to this Trust Indenture, and to declare that such trust
shall thereafter be governed by and take effect according to the laws of the jurisdiction so
designated, the courts of which shall become the forum for the administration of such trust,
as well as all matters applicable to the administration thereof. Such a designation and
declaration shall be set forth in a deed or other written instrument which shall contain the
powers and provisions which are necessary to enable such trust to be capable of taking
effect under the laws of such jurisdiction, and which may also contain such other powers and
provisions as the Protector may determine to be in the best interest of the beneficiaries,
provided that such powers and provisions do not infringe upon the rule against perpetuities
that is applicable to such trust.
2. Upon the appointment of a new Trustee, the Trustee shall immediately stand
possessed of the property of such trust upon trust for the new Trustee or Trustees, and shall
transfer the same to the new Trustee or Trustees as soon as possible, so that such property
shall continue to be held upon the applicable trust or trusts hereof, but subject to and
governed by the laws of the applicable jurisdiction.
3. Upon the declaration by the Protector that the Trust or any trust established by or
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pursuant to this Trust Indenture shall be governed by the laws of a new jurisdiction, the rights
of all persons and the construction and effect of each and every provision of the Trust or such
trust shall be subject to and construed only according to the laws of the designated
jurisdiction.
F. Appoint Additional Trustees: The Protector shall have the power from time to time
and at any time by deed or other written instrument delivered to the Trustee to appoint
additional Trustees up to the maximum number permitted by law.
G. Demand Accounting: The Protector shall have the power, exercisable at any time,
to demand an accounting by the Trustee, setting forth the receipts, disbursements, and
distributions of both principal and income during the period of accounting and the invested
and uninvested principal and undistributed income at the time of such accounting
H. Require Bond: Subject to the provisions of Article X.I., the Protector shall have the
power, exercisable at any time, to require in writing that the Trustee, or any person or entity
to whom the Trustee has delegated a power pursuant to any Article of this Trust Indenture,
be required to give a bond or other security for the faithful administration of its or their duties
under this Trust Indenture.
|. Duration of Powers: The duties and powers of the Protector shall be personal and
shall cease upon the death of the person holding such office (if an individual) or upon the
dissolution of the entity acting as Protector (in the case of a corporation or other entity acting
as Protector). The powers of the Protector shall not be capable of being delegated or of being
exercised by any personal representative, agent, or liquidator of the Protector.
J. Written Consent: Any provision of this Trust Indenture which requires the consent
of the Protector shall require the Protector's prior written consent, on each occasion.
Furthermore, failure by the Protector to give any consent or decision or to communicate with
the Trustee regarding any consent or decision shall be deemed for all purposes and shall be
treated by the Trustee as a refusal to consent.
K. Compensation: The Protector, if itis a company, shall be entitled to act as
Protector on its usual terms and conditions in force from time to time, including (in addition to
reimbursement of such company's proper expenses, costs, and other liabilities) the right to
remuneration. The Protector, if it is an individual, shall be entitled to remuneration for its
services as such, including the right to reimbursement of proper expenses, costs, and other
liabilities. Notwithstanding the foregoing provisions of this Article X, however, the Protector's
charges and remuneration shall not exceed reasonable and customary charges and
remuneration for similar services charged by corporate Protectors in the same geographic
area.
XI. CONSTRUCTION PROVISIONS
A. Definitions:
1. Acknowledged Instrument: "Acknowledged instrument" means a written
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instrument executed in the presence of two subscribing witnesses, or a notary public.
2. Assets: "Assets" or "Trust Assets” means insurance policies; cash, accounts in
banks, savings institutions, and money market funds; tangible personal property; securities,
partnership interests and other intangible personal property; real property; oil, gas, mineral
interests, and other natural resources; commodity futures, foreign exchange; and anything
else which may be the subject of ownership.
3, Business Entity: The term "Business Entity" shall include but not be limited to
corporations, general partnerships, limited partnerships, limited liability partnerships, limited
liability companies.
4. Charitable Organizations: Any organizations, contributions to which can qualify for
an income, gift, or estate tax deduction under the Internal Revenue Code of 1986 as
amended or any successor federal income tax law (the "Code").
5. Child and Issue: "Child" and "children" means descendants of the first degree,
whether born or adopted before or after the execution of this Trust Indenture. "Issue" means
a descendant or descendants of any degree, whether born or adopted before or after the
execution of this Trust Indenture. These terms include adopted children with full effect as if
they were the natural children of the adoptive parent. Anyone who is born alive shall be
regarded as having been a legitimate, living descendant of his or her parents during the
entire period of gestation. An illegitimate child (that has not been adopted, legitimated, or
legally recognized) shall not be included as a descendent on the child's paternal side.
6. CPI Adjustment: An adjustment, up or down as the case may be, by the change
during the previous 12 months in the Consumer Price Index for All Urban Consumers for all
consumer goods as published by the U.S. Department of Labor (or any successor index as
determined by the Trustee).
7. Distribute: "Distribute" means "pay to or apply for the benefit of."
8. Gift Tax Liability:
a. GENERALLY: All gift and generation-skipping taxes, including interest,
additions to tax, penalties, and similar charges on such taxes imposed upon the Grantors and
attributable to such transfer or investment, with respect to a transfer or investment during the
Grantors’ lifetimes.
b. CALCULATION OF AMOUNT OF GIFT TAX LIABILITY: The amount of gift tax that
shall be attributable to a transfer or investment shall equal the product of the Grantors’ total
gift tax liability for the year in which the transfer or investment is made times a fraction, the
numerator of which equals the taxable amount of such transfer or investment and the
denominator of which equals the total amount of taxable transfers attributable to the Grantors
for the same year.
c. CALCULATION OF GST TAX LIABILITY: The amount of generation-skipping
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transfer tax that shall be attributable to a transfer or investment shall equal the product of the
Grantors’ total generation-skipping transfer tax liability for the year in which the transfer or
investment is made times a fraction, the numerator of which equals the taxable amount of the
generation-skipping transfer attributable to the transfer or investment and the denominator of
which equals the total taxable amount of generation-skipping transfers attributable to the
Grantors for the same year.
d. ASSESSMENTS OF INTEREST AND PENALTIES: If any interest, additions to tax,
penalties, or similar charges are assessed on any of the Grantors’ gift or generation-skipping
transfer taxes payable pursuant to the above provisions of this Section, then for the year in
which the transfer is made such amounts shall be charged hereunder in the same proportions
as the underlying tax is charged.
e. SEPARATE APPLICATION: The respective formulas shall be applied separately to
each federal and state gift and generation-skipping transfer tax.
f. REDUCTION FOR NET GIFT: The amount of a Gift Tax Liability shall be reduced to
the extent such liability has been made subject to the obligations of a Net Gift.
9. Grantors: Patrick Parker Walsh & Hannah Judy Walsh
10. Grantors’ Income Tax Liability Attributable to The Trust: The amount
calculated pursuant to this Trust Indenture.
11. Grantors’ Estimated Income Tax Liability Attributable to The Trust: The
amount calculated pursuant to of this Trust Indenture.
12. Heirs at Law: "Heirs at Law" means the then-living individuals who shall be
determined under the intestacy laws of the Belize, and which would now govern the
distribution of the personal property of a resident dying without creditors, unmarried, owning
only the distributable assets.
13. Internal Revenue Code: "Internal Revenue Code" means the United States
Internal Revenue Code of 1986 as amended, in effect on the date of the execution of this
Trust Indenture, and reference to any provision or section of that Code shall be deemed to
refer to the provision or section of the United States federal tax law in effect from time to time
that corresponds to the provision or section referred to that was in effect on the date of the
execution of this Trust Indenture.
14. Per Stirpes: "Per stirpes" with reference to the issue of any individual means that
the stocks begin with the children of such individual and that no distribution at any
generational level shall be per capita.
15. Personal Representative: "Personal representative" means the individual or entity
authorized by the terms of a will, court order, revocable Trust Indenture, or otherwise, to
represent the estate of the person designated, and includes an executor or administrator of
such estate.
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16. Political Organizations: All parties, committees, associations, funds, PACs, or
other organizations (whether or not incorporated) organized and operated primarily for the
purpose of directly or indirectly accepting contributions or making expenditures, or both, for
the function of (i) influencing or attempting to influence the selection, nomination, election, or
appointment of any individual to federal, state, or local public office or office in a political
organization, or the election of Presidential or Vice Presidential electors, whether or not such
individual or electors are selected, nominated, elected, or appointed; or (ii) influencing or
attempting to influence the general public, or segments thereof, or public officials or both, with
respect to legislative matters, elections, or referendums, all to the extent permitted by law.
17. Relatives: The descendants at any level of the Grantors’ mothers, and the
ancestors of those descendants; and such descendants and ancestors in each case shall
include such persons whether now living or born or adopted in the future. Children adopted
by any Relative and the descendants by blood or adoption of such children shall be
considered to be the descendants of such Relative and of the ancestors of such Relative, but
only if adopted prior to attaining age eighteen (18). Despite the above provisions, the
Grantors shall not be a Relative.
18. S Stock: Stock in a corporation that is an"S corporation" under the Code.
19. Securities: "Securities" includes: common, preferred, and other classes of capital
stock; warrants, options, and puts and calls; bonds, debentures, notes, and other fixed
income-bearing obligations, regardless of conversion privileges, and units of participation in
common trust funds, investment trust stocks, and mutual fund shares, regardless of whether
they are listed, traded, domestic or foreign, or subject to investment letters or other
contractual or legal restrictions.
20. Tax: Each federal, foreign, or state (or political subdivision thereof) tax, including
interest, additions to tax, penalties, and similar charges thereon.
21. Trust Property: All of the property described in Schedule A attached hereto
(which the Grantors have transferred to the Trustee), any other property transferred to the
Trustee, all investment and reinvestment thereof, all substitutions therefore, and all income
therefrom.
B. Contingent Beneficiaries: =or purposes of this Trust Indenture, a direction to
dispose of the principal or income of any trust created under this Trust Indenture to the
“contingent beneficiaries" means a distribution of such property to the Heirs at Law of
Grantors.
C. Governing Law:
1. Laws of Belize: Each trust created by or pursuant to this Trust Indenture is
established under the laws of Belize, and shall be governed, construed, and regulated by
such laws.
2, Foreign Administration: The Trustee may administer each trust created by or
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pursuant to this <rust Indenture from such place or places (whether inside or outside of
Belize or any new jurisdiction designated pursuant to this Trust Indenture) as the Trustee
shall from time to time determine to be appropriate, without prejudice to the laws declared
herein to be applicable hereto, and whether or not the law of such place or places shall be
the law declared to be the applicable law hereunder. However, if at any time there is more
than one Trustee, the place of administration shall be decided by a majority of the Trustees in
accordance with the best interests of the beneficiaries of this Trust Indenture, and in the
event that a majority decision cannot be reached, the place of administration shall be decided
by the Trustee first named herein.
3. Change of Governing Law:
a. Subject to the provisions of this Trust Indenture, the Trustee shall, with the consent
of the Protector, have the power, by deed or other written instrument, from time to time and at
any time, to designate the law of any jurisdiction (under which the terms of any trust created
by or pursuant to this Trust Indenture shall be capable of taking effect) to be the governing
law of any trust created by or pursuant to this Trust Indenture, and to declare that such trust
shall henceforth be governed by and take effect according to the laws of the jurisdiction so
designated, the courts of which shall become the forum for the administration of such trust,
as well as all matters applicable to the administration thereof, Such a designation and
declaration shall be set forth in a deed or other written instrument which shall contain the
powers and provisions which are necessary to enable such trust to be capable of taking
effect under the laws of such jurisdiction, and which may also contain such other powers and
provisions as the Trustee may determine to be in the best interest of the beneficiaries,
provided that such powers and provisions do not infringe upon the rule against perpetuities
that is applicable to such trust.
b. Upon the declaration by the Trustee (with the consent of the Protector) that the
Trust or any trust established by or pursuant to this Trust Indenture shall be governed by the
laws of a new jurisdiction, the rights of all persons and the construction and effect of each
and every provision of the Trust or such trust shall be subject to and construed only
according to the laws of the designated jurisdiction. Under no circumstances may this Trust
be governed by any state or federal !aws of the United States of America.
4. Appointment ¢o Another Trust:
a. The Trustee, with the consent of the Protector, by deed or other written instrument,
revocable or irrevocable, may appoint the whole or any part of the Trust Property upon
another trust (including a new trust created by the Trustee with the consent of the Protector
pursuant to this paragraph).
b. Any such appointment shall be in accordance with and subject to the powers and
provisions of such other trust, so long as such appointment does not infringe upon the rule
against perpetuities that is applicable to the trust from which the property was appointed. Any
one or more (exclusive of the other or others) of the beneficiaries of any trust created by or
pursuant to this Trust Indenture may be entitled to benefit from such other trust. The deed or
other written instrument under which the property is appointed upon another trust may create
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any discretionary trusts for the benefit of any one or more (exclusive of the other or others) of
the beneficiaries of any trust created by or pursuant to this Trust Indenture and may confer
any powers upon any persons (including but not limited to the Trustee).
c. Upon any such appointment being made, the Trustee may transfer to the Trustee of
such other trust the property subject to such appointment, and thereupon the trust or trusts
created by or pursuant to this Trust Indenture which held such property shall cease with
respect to such property, and the property shall for all purposes be subject to the provisions
and powers of the other trust and be subject to and governed by the law applicable to the
other trust, whether or not’such law shall be the law applicable to this Trust Indenture.
D. Notice: Notwithstanding any provision of this Trust Indenture to the contrary, and
unless contrary to any provision of the laws governing the administration of any trust created
by or pursuant to this Trust Indenture:
1. Notice to Trustee: Whenever any notice is to be given to the Trustee in
accordance with the provisions of this Trust Indenture, the Trustee may waive any
requirement that such notice be in writing and may accept notice in such form and manner as
the Trustee may deem appropriate in the circumstances, including notice from third parties
purporting to have authority to give such notice. Waiver of written notice on one or more
occasions shall not impair the right of the Trustee to insist on written notice on subsequent
occasions, however similar or dissimilar the subsequent occasions may be;
2. Notice By Protector or Beneficiary to Trustee: Whenever any notice is to be
given by the Protector or any beneficiary to the Trustee in accordance with the provisions of
this Trust Indenture, such notice may be given by delivering or mailing the same to the most
recent address furnished by the Trustee to the Protector or such beneficiary who is giving
notice or in such other manner and form as the Trustee may from time to time request, and
such notice shall be deemed to have been given (even if not actually received by the Trustee)
on the date of such delivery, or if mailed, ten days after mailing by registered mail in a
postage paid envelope to such address;
3. Notice By Trustee to Any Person: Whenever any, notice is to be given by the
Trustee to any person or persons in accordance with the provisions of this Trust Indenture,
such notice may be given by mailing or delivering the same to such address or addresses as
may be furnished to the Trustee for such purpose from time to time or in such other manner
and form as such persons inay from time to time request, and such notice shall be deemed to
have been given (even if not actually received by the relevant persons) on the date of such
delivery, or if mailed, ten days after mailing by registered mail in a postage paid envelope to
the last known address of such persons, or if no addresses have been furnished to the
Trustee or if no directions have been given to the Trustee respecting the giving of such
notice, then in such manner and form as the Trustee, in the circumstances, may deem to be
in the best interest of such persons.
E. Multiple Counterparts: For convenience of the parties, this Trust Indenture is
being executed in multiple counterparts, any one of which shall be deemed to be an original
instrument.
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F. Headings: The headings, titles, and subtitles in this Trust Indenture have been
inserted solely for convenient reference, and shall be ignored in its construction.
G. References: A reference to a paragraph without identifying the Section or Article in
which it appears is to a paragraph of the same Section or Article in which the reference
appears. A reference to a Section without identifying the Article in which it appears is to the
same Article in which the reference appears,
H. Gender and Number: Wherever the context requires, the feminine shall be
substituted for the masculine, singular for plural, and vice versa,
IN WITNESS WHEREOF, the parties have set their hands and affixed their seals the day and
year first above written. The Trustee, by joining in the execution of this Trust Indenture,
signifies his acceptance of the trust.
@Grantor, Ratrick P. Walsh
Grantor, Hannah J&dy Wals
SJ
Georgetown t, ltd.
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THE WALSH
INTERNATIONAL & IRREVOCABLE FAMILY TRUST INDENTURE
Schedule A
LIST OF ASSETS TRANSFERRED
1. Shiloh Oil Company, LLC (100% of member interests)
2. Eagle Creek Management, LLC (100% of member interests)
3. Florida Land Trust
4. Cash
29
Value
$950,000.00
$250,000.00
$1,500,000.00
$200,000.00
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 49 of 52
THE WALSH
INTERNATIONAL & IRREVOCABLE FAMILY TRUST INDENTURE
Primary Beneficiaries ~
1.
2.
Patrick P. Walsh
Hannah Judy Walsh
Secondary Beneficiaries ~
3. Patrick Adrian Walsh
4.
5.
9.
Brandon Parker Walsh
Hannah-lynn Victoria Walsh
Olivia Julianne Walsh
Ava Brooke Walsh
Jackson Cole Walsh
Bradley Hudson Walsh
10. Brighton Peace Walsh
11. Landon River Walsh
12. Unborn Walsh Child
Successor Beneficiaries ~
13. Grandchildren of Grantors
Schedule B
BENEFICIARIES
Relationship
Grantor
Grantor
Son
Son
Daughter
Daughter
Daughter
Son
Son
Daughter
Son
30
Suggested Percentage of Assets
100% of principal and income.
100% of principal and income.
10% of principal and income subject to
Child Clause provisions.
10% of principal and income subject to
Child Clause provisions.
10% of principal and income subject to
Child Clause provisions.
10% of principal and income subject to
Child Clause provisions.
10% of principal and income subject to
Child Clause provisions.
10% of principal and income subject to
Child Clause provisions.
10% of principal and income subject to
Child Clause provisions.
10% of principal and income subject to
Child Clause provisions.
10% of principal and income subject to
Child Clause provisions.
10% of principal and income subject to
Child Clause provisions.
100% of principal and income per
stirpes subject to Child Clause
provisions.
Case 1:22-cr-00024-AW-GRJ Document 34-2 Filed 01/30/23 Page 50 of 52
THE WALSH
INTERNATIONAL & IRREVOCABLE FAMILY TRUST INDENTURE
Schedule B
BENEFICIARIES ~ CONTINUED
Relationship Suggested Percentage of Assets
Contingent Beneficiaries ~
14. Ryan & Joy Anders 50% of principal & income
15. Matt & Frances Schmidt 50% of principal & income
ULTIMATE CONTINGENT BENEFICIARY
In the event that no living issue of Grantors or Grantors’ siblings shall survive
16. Antioch Baptist Church (Gainesville, FL)
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THE WALSH
INTERNATIONAL & IRREVOCABLE FAMILY TRUST INDENTURE
Schedule C
DESIGNATION AND ACCEPTANCE OF PROTECTOR
Appointment Accepted by
Protector:
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THE WALSH
INTERNATIONAL & IRREVOCABLE FAMILY TRUST INDENTURE
Schedule D
AFFIDAVIT OF SOLVENCY
We, Patrick P. & Hannah Judy Walsh, do hereby certify that on the date of execution of
this Trust Indenture we are solvent in all of my business and financial matters and have
no adverse judgments or claims against us.
Hannah JudyAWalsh7
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