A WYIGLE ONE

1.01 Declaration of Trust.

Pablo Licetti and Manuela Elena Licetti (called the settlors or the trustees,
depending on the context, and sometimes referred to as husband and wife) declare
that they have set aside and hold in trust the property described in Schedule A (and
any additional schedules), attached to this instrument.

A WYICLE JPVO

2.01 Propertv Constitutino Trust Estate.

All property subject to this instrument from time to time is referred to as the trust
estate and shall be held, administered, and distributed according to this instrument.

2.2 Community Prooertv in Trust.

All property transferred to this trust described in Schedule A is community
property and shall retain its character as such notwithstanding the transfer to this
instrument. Any power reserved to the settlors to alter, amend, modify, or revoke this
trust, in whole or in part, is field by the settlors during their joint lifetimes in their
capacity as managers of the community property, subject to all restrictions imposed
by law on their management ofthe community property.

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 2.3 Separate Prooertv in Trust.
Any separate property of either settlor transferred to the trust shall be
described in Schedule B, and shall be listed according to the name of thé Séttlor
transferring said property to the trust. The separate property of either settlor,
transferred to this trust, shall retain its character as such notwithstanding its transfer
to this trust.

AR'T'ICLE 'T'HREE

3.1 DistÜribution of Income to Married Settlors From Communitv

Estate Durino Joint Lifetimes.
During the settlors’joint lifetimes, the trustees shall pay to or apply for the benefit
of either the husband or wife for the account of the community the entire net income of
the community estate in convenient installments at least annually.

3.2 Distribution of Princioal to Married Settlors From Community

Estate Durino Joint Lifetimes.
Ifthe trustees consider the net income to be insufficient, the trustees shall pay to
or applyfor the benefit ofeither husband or wife for the account ofthe community as
much of the principal of the community estate as the trustees consider necessary for
the settlors' health, education, support, maintenance, comfort, welfare, or happiness
to maintain at a minimum their accustomed manner of living, taking into
consideration income and resources available to each spouse held free of this trust.

Community Prooertv Retains its Character on Distribution

or
Withdrawal.
The spouse receiving payments shall have the same duty to use community
income and principal received under this instrument for the settlors' benefit as he or
she has with
 respect to any other community property. Any community income or principal paid to
the settlors, applied for their benefit, or withdrawn by them shall continue to retain its
character as community property.

AR'T'ICLE FOUR
4.01 Marríed Settlor IncaDacitated: Distribution to Either SDouse.
If at any time, as certified in writing by two licensed physicians who are not
related by blood or marriage to either settlor or any beneficiary of this trust, either
settlor becomes physically or mentally incapacitated, the trustees shall pay to the
other settlor or apply for the benefit of either settlor, first from the community estate
until it is exhausted and then from the separate estates of either or both settlors (in
equal shares to the extent possible), as much of the net income and principal of the
trust estate as the trustees consider necessary for the settlor's health, education,
support, and maintenance.
The trustees shall act in this manner whether or not a Court of competent
jurisdiction has declared a settlor incompetent or has appointed a conservator. If a
conservator has been appointed for a settlor, however, the trustees shall take into
account any payments made for that settlor's benefit by the conservator.
This trustee power relating to incapacity shall remain in effect until, as certified
in writing by two licensed physicians who are not related by blood or marriage to
either settlor or any benefician ofthis trust, that incapacity is terminated and that
settlor is again able to manage that settlor’s own affairs.
The nonincapacitated settlor may also withdraw, from time to time, accumulated
trust income and principal of community property and of separate property
contributed by that settlor. Distribution of income and principal from community property
shall be held and administered as community property by the nonincapacitated
settlor. The trustees shall accumulate and add any undistributed net income to
principal of the community or the separate estate.
If a conservator of the person or estate is appointed for either settlor, the
THE LICETTI FAMILY 2013 LIVING TRUST
 trustees

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 shall take into account any payments made for that settlor's benefit by the
conservator.

AR'T'ICLE FIVE

5.01 Payments to Others from Communitv or Separate ProDertv:

Power Mav be Exercised bv Settlor's Conservator.
The settlors, acting jointly, may at any time direct the trustees in writing to pay
single sums or periodic payments out of the community property in the trust estate to
any other person or organization. The settlor who has contributed separate property
may direct the trustees in writing to pay single sums or periodic payments out ofthat
separate property to any other person or organization.
Each settlor's power to so direct the trustees shall be personal to the settlor,
except that this power may be exercised by the settlor's conservator or by the agent
named in a settlor's durable power of attorney authorizing such action to the extent that
payments to one or more persons qualify for the annual federal gift tax exclusion.

ARTICLESIX

6.01 Distribution Uoon Death of First Soouse to Die.

The first settlor to die shall be called the deceased spouse, and the remaining
spouse shall be called the surviving spouse. Alter the deceased spouse's death, the
trustees shall continue to administer the trust estate, including any additions made to
the trust by reason of the deceased spouse's death, such as from the decedent’s will or
life insurance policies on the decedent's life, according to the terms of the trust set
out in articles three, four, live, and eleven with respect to the surviving spouse and
without distinguishing whether any property was derived from community property,
separate property, or quasi-community property.

THE LICETTI FAMILY 2013 LIVING TRUST 4

THE LICETTI FAMILY 2013 LIVING TRUST 4
 6.2 Proration According to Law.
Except as otherwise specifically provided in this instrument (or in either settlor's
will directing that the property passing under the will be applied to the satisfaction of
a tax), all estate and other inheritance taxes, including interest and penalties,
ímposed on or by reason ofthe inclusion of any portion ofthe trust estate in the gross
taxable estate ofeither settlor may be paid by the trustee and charged to, prorated
among, or recovered from the trust estate orthe persons entitled to the benefits under
these trusts as provided in Division 10 ofthe California Probate Code and applicable
provisions of the Internal Revenue Code. The trust estate includes property subject to
probate administration that ís directed to be added to the trust estate by reason of a
settlor's death.

6.3 Deceased Soouse’s Exoenses.

Alter the deceased spouse's death, the trustees shall pay out of the trust estate
the deceased spouse’s last-illness and funeral expenses, debts, and the expenses
of administration ofthe deceased settlor’s probate estate. The burden ofsuch payments
shall be allocated and charged to the separate and community property of each
settlor in accordance with California Probate Code sections 19320-19326, with no last-
illness and funeral expenses being paid from the community property of the surviving
settlor.

AR'T'ICLE I EV J± N

7.01 General Power of Aooointment.

Alter the surviving spouse's death, the trustees shall distribute any remaining
balance ofthe trust estate, including principal and accrued or undistributed income, to
one or more persons and entities, including the surviving spouse’s own estate, on any
terms and conditions (either outright or in trust) and in any proportion that the
surviving spouse shall appoint by will or codicil specifically referring to and
THE LICETTI FAMILY 2013 LIVING TRUST
exercising this power of appointment.

THE LICETTI FAMILY 2013 LIVING TRUST

 7.02 Pavment of Survivino Soouse's Expenses.
Alter the surviving spouse's death, the trustee shall pay out of the trust estate
the surviving spouse's last-illness and funeral expenses, debts, and the
expenses of administratíon of the surviving settlor's probate estate.

7.3 DISTRIBUTION OF REMAINDER TO SETTLOR'S HEIRS.

If at any time before full distribution of the trust estate the settlor and all the
settlor's issue are deceased and no other disposition of the property is directed by
this instrument, the remaining portion of the trust shall then be distributed to the
settlor's legal heirs according to the laws of succession of the State of California then
in force and shall be distributed as follows:

a. At the death of both trustees, Norma Aro Castro, date of birth,

December 14, 1971, shall receive $10,000 US Dollars from the
settlers estate.
b. At the death of both trustees, the remainder of the entire estate shall
be distributed and divided equally between the settlor's seven (7) children:

Nancy Suarez April 24, 1958

Oscar Schenone September 20, 1960
Carlos Romani April 21, 1962
Maria Elena Romani July 10, 1963
Gabriela Romani April 27, 1967
Ros9rio Del Pilar Licetti December 10, 1972
Jeannette Licetti August 13, 1976

7.4 TERMINATION WHERE SHARE IS SMALL.

Ifthe trust share held for any beneficiary who is over age 18 has a total value
at the end of any calendar year of tess than $5000, the trustee may, in the trustee's
discretion, dístribute the entire trust estate to that beneficiary and terminate the
trust for that

THE LICETTI FAMILY 2013 LIVING TRUST 6

THE LICETTI FAMILY 2013 LIVING TRUST 6
beneficiary.
7.5 AUTHORITY OF TRUSTEE TO DISTRIBUTE INCOME
AND
PRINCIPAL.
The trustee may, in the trustee’s sole discretion, elect to make distributions to
the beneficiary from the trust net income and the trust principal as a monthly
allowance, even to the extent of exhausting the entire principal over a short period. In
determining whether to make a distribution, how a distribution will be made, and the
amount to distribute, the trustee shall consider (1) any other income or resources of
the beneficiary known to the trustee and reasonably available to the beneficiary and
(2) all benefits available to the beneficiary from any government agency. Such
benefits include but are not limited to Social Security and Supplemental Security
Income; Medicare, Medicaid, Medi-Cal, and any other payments for medical, nursing,
or custodial care; food stamps; and direct cash grants.

7.6 DUTIES OF TRUSTEE.

With reasonable frequency, the trustee shall:

(1) Visit the beneficiary to evaluate the beneficiary’s living conditions and medical care;

(2) Review the beneficiary’s needs for physical and dental examinations by
independent physicians and déntiSt9, education or training programs, work opportunities
and earnings, recreation, leisure time, and social activities; and

(3) Review the beneficiary's government benefits and eligibility for other benefits,
including, e.g., free public education and rehabilitation programs.

(4) The trustee shall seek support and maintenance forthe beneficiary from all
available public resources, including but not limited to Social Security payments,

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Supplemental

THE LICETTI FAMILY 2013 LIVING TRUST 7

 Security Income, Social Security Disability Insurance, Veterans Administration benefits of
every kind, Medicare, and Medi-Cal or other Medicaid payments.
Ifthe trustee receives government assistance benefits on the beneficiary's behalf,
the trustee shall collect, expend, and account for those benefits separately from, and
not commingle them with, all other assets of this trust.

7.7 LIMITATIONS ON TRUSTEE POWERS.

The trustee shall not use or distribute trust assets that will:

(1) Make the beneficiary ineligible for public benefits otherwise available to the
beneficiary from any public agency, office, or department of California, any other
state, or the United States;

(2) Cause the trust assets to bear all or part of any costs of treatment, equipment,
or other assistance that would otherwise be paid by a government agency or
benefits program; or

(3) Pay for services, including residential care, rendered to the beneficiary by any
government agency or unit.

The trustee shall not reimburse from trust assets any amounts claimed by any
government
agency for material goods, servíces, or funds provided to the beneficiary.

7.8 SPENDTHRIFT CLAUSE.

No interest in the principal or income of this trust may be anticipated,
assigned, encumbered, or subject to any creditor’s claim or to legal process before
actual receipt by the beneficiary. Because this trust is intended to be conserved and
maintained for the beneficiary’s special needs, no part of the trust principal or income

THE LICETTI FAMILY 2013 LIVING TRUST

may be subject to the

THE LICETTI FAMILY 2013 LIVING TRUST

claims of voluntary or involuntary creditors for any costs incurred or sums expended by
any public agency, office, or department of California, any other state, or the United
States, for the provisíon of care and services (including residential care) to or for the
beneficiary (whether prospectively or in reimbursement). The beneficiary of the trust
has a disability that substantially impairs the beneficiary’s ability to provide for the
beneficiary’s own care or custody and constitutes a substantial handicap.

7.9 TRUSTEE'S POWER TO TERMINATE TRUST.

If a court or government agency determines in the trustee's opinion that the
trust renders the beneficiary ineligible for government benefits for which the beneficiary
would be eligible if the trust did not exist, the trustee shall evaluate the financial loss
caused to the beneficiary by the beneficiary’s ineligibilíty for government benefits as
compared to the financial gain to the beneficiary resulting from the trust’s continued
operation, to determine whether to maintain the trust in operation orto terminate the
trust. Ifthe trustee determines that the benefits conferred by the trust do not outweigh the
detriment caused by the loss of government benefits, the trustee may, in the trustee's
sole discretion, terminate the trust and distribute the trust assets according to the
provisions below.

The trustee shall terminate this trust and distribute its assets as provided herein
if:

(1)A court of competent jurisdictíon issues an order compelling the trustee

to reimburse a government agency for payments made, services rendered, or
materials supplied to or for the beneficiary by that agency; or

(2) The trustee determines, in the trustee's sole discretion, that the trust
may be subject to garnishment, attachment, or execution by any creditor
(including a government agency) and that no appeal or any other legal remedy can

THE LICETTI FAMILY 2013 LIVING TRUST 9

defeat the order for reimbursement or anticipated garnishment, attachment, or
execution, or that legal

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challenge to that order, garnishment, attachment, or execution would be excessively
costly to the trust in view of the then-remaining trust assets and the needs of any
other beneficiary.

7.10 PAYMENT OF BENEFICIARY’S EXPENSES AFTER DEATH.

The trustee may, in the trustee's discretion, pay last-illness and funeral
expenses, any death taxes attributable to any part of the trust estate, and
expenses from the administration or distribution of the trust estate. The trustee shall
not pay expenses for which, in the trustee's opinion, there is an adequate source of
payment outside the trust. The trustee shall also not pay expenses incurred by or on
behalf of the beneficiary during the beneficiary's life if a government benefits
program was obligated to meet those expenses while the beneficiary was alive.

7.11 APPOINTMENT OF TRUSTEE.

Unless otherwise specified by either settlor during his or her lifetime, the trustee
of any special needs trust shall be the same person as the trustee of The Licetti
Family 2013 Living Trust In the event that the trustees of The Licetti Family 2013 Living
Trust cannot or will not serve as trustee, the powers granted to the trustee to appoint a
successor to The Licetti Family 2013 Living Trust shall apply to any special needs trust.
In the absence of a trustee, any Court of Competent Jurisdiction may appoint a trustee.

7.12 POWERS OF TRUSTEE.

All powers granted to the trustee herein which are in conflict with the provisions of
any special needs trust shall not be effective.

ARTICLEEI JII'T

8.01 TRUSTEES’ POWERS.

 To carry out the purposes of this trust or any trust under this instrument,
subject to any limitations stated elsewhere in this trust, the trustees are vested,
without necessity of application to any Court, with the powers set forth upon an
attachment to this Trust Agreement captioned "POWERS OF TRUSTEE", the
provisions of which are by this reference incorporated herein and made a part
hereof. The Trustees are granted as well any powers conferred by law (as set forth
in California Probate Code Sections 16200- 16249 and any successor statutes). The
enumeration of certain powers in this trust shall not limit the trustees' powers. The
trustees shall have all the rights, powers, and privileges that an absolute owner of
the same property would have, subject to the trustees' fiduciary obligations and to
any limitations stated elsewhere in this trust.
The trustees may invest and reinvest in every kind of property that, under the
then-prevailing circumstances, persons of skill, prudence, and diligence, acting with
care in a similar capacity and familiar with those matters, would use in the conduct
ofan enterprise of similar character and with similar aims, to attain the settlors’ goals
under this instrument. The trustees shall consider individual ínvestments as part ofan
overall investment strategy.

9.01 CONSTRUCTION OF TERMS.

In all matters of interpretation necessary to give effect to any clause of this
instrument, the following rules shall apply:
(1) The masculine includes the feminine and neuter, the feminine includes the
masculine and neuter, the neuter includé9 the masculine and feminine, the singular
includes the plural, and the plural includes the singular.
(2) The headings, titles, and subtitles are inserted solely for convenient
reference and shall be ignored in any construction of the instrument.
(3) Reference to a clause contained in a specific article or paragraph shall be
THE LICETTI FAMILY 2013 LIVING TRUST 11
to that article or paragraph of this instrument. For convenience, this instrument is
divided into

THE LICETTI FAMILY 2013 LIVING TRUST 11

articles, paragraphs, subparagraphs, and sections.
(4) Except as otherwise specified, all references to specific statutes, codes,
or regulations shall be to those provisions as amended from time to time and to
the corresponding provisions of any subsequent legislation or regulation.
(5) All references to trustees, special trustees, and any other fiduciary shall
refer to the individuals or institutions serving from time to time in that capacity
under this instrument.
(6) All references in this instrument to the word "shall" indicate a mandatory
direction. All references to the word "may” indicate a permissive, but not mandatory,
grant of authority.
(7) Distribution of property to or division of property among the issue of a person
by “right of representation" means to divide the property into as many equal shares
as there are living children of that person and deceased children of that person
who leave then-living issue. Each living child of that person shall be allocated one
share, and the share of each deceased child who leaves then-living issue shall be
allocated in the same manner.

6.02 DEFINITIONS.
The following definitions apply when the following terms are used in this
instrument:
(1) Whenever provision is made to pay for the education of a beneficiary, the
term “education" shall include tuition for vocational school, college, and postgraduate
study if in the trustees' discretion it is pursued to advantage by the beneficiary at an
institution of the beneficiary's choice. Payments for "educatíon" shall also include
expenses for books, supplies, and tutors. In determining payments to be made to the
beneficiary for education, the trustees shall consider the beneficiary's reasonable
related living and traveling expenses.
(2) The term "issue" refers to lineal descendants of all degrees, and the terms
"child," "children," and "issue" includes stepchildren, and adopted children.

THE LICETTI FAMILY 2013 LIVING TRUST 12

 (3) The term "Internal Revenue Code" shall refer to the Internal Revenue
Code of 1986, as amended from time to time, and to the corresponding
provisions of any subsequent federal tax law.

ARTICLETEN

10.1 TRUSTEE’S COMPENSATION.

The trustees shall be entitled to pay themselves reasonable compensation from
time to time without prior court order.

10.2 SEVERABILITY CLAUSE.

If any provision of this trust instrument is unenforceable, the remaining
provisions shall remain in full effect.

10.03. SURVIVORSHIP PROVISIONS.

Except as otherwise specifically provided in this instrument, ifthe husband and
the wife die and there is no sufficient evidence that they died otherwise than
simultaneously, it shall be conclusively presumed that the wife survived the husband. If
any other person named in this instrument faíls to survive a settlor for 30 days, for
all purposes of this instrument that person shall be considered to have predeceased
that settlor.

10.04 PROVISIONS REGARDING TRUST DISTRIBUTIONS.

Any direction regarding the distribution ola trust shall referto the trust as
constituted on the date ofthe distribution, and the direction shall not affect prevíous
distributions from the trust. If, at the time any trust is established, the time fixed for a
distribution of the principal has passed, the distribution shall be made on the
establishment of that trust.
 10.05 °›‹ E ATE COURT JURISDICTION AVAILABLE.
Probate Code sections 17200-17210 or any successor or substitute
provisions of those sections authorizing optional probate court jurísdiction over
revocable trusts apply to all trusts created under the terms of this instrument.

11.1 REVOCATION AND AMENDMENT DURING MARRIED

SETTLOR'S JOINT LIFETIMES.
During the settlors' joint lifetimes, this trust may be revoked in whole or in part. To
be
valid, revocation must be accomplished in the following manner:
(1) For community property, by a written instrument signed by either settlor and
personally delivered by the revoking settlor or sent by certified mail to the trustees and
the other settlor; and
(2) For separate property, by a written instrument signed by the settlor who
contributed that property to the trust and personally delivered by that settlor or sent by
certified mail to the trustees.
On receipt of a revocation notice, the trustees shall promptly deliver to either
settlor as community property the revoked portion of the community property trust
assets
Revocation does not change the character of the affected property.
Community property trust assets continue to be the community property of the
settlors; separate property trust assets continue to be the separate property of the
contributíng settlor.
If the settlors revoke the trust as to all or a major portion of the trust assets, the
trustees may retain sufficient assets to secure payment of liabilities that the trustees
have incurred in administering the trust, including trustee lees that have been earned,
unless the settlors agree to indemnify the trustees against these expenses.
 The settlors may at any time during theirjoint lifetimes amend any terms ofthis
trust
by written instrument signed by both settlors and personally delivered by either of them or
sent by certified mail to the trustees. No amendment substantially increasing the
trustees’ duties or liabilities or changing the trustees' compensation shall be valid
without the trustees’written consent. The trustees shall not be obligated to act under
any amendment unless the trustees accept it. If the trustees are removed for
refusal to accept an amendment, the settlors shall pay to the trustees any lees
due and shall indemnify the trustees against all liabilities that the trustees have
incurred in administering the trust.

11.2 REVOCATION AND AMENDMENT WHEN ONE SPOUSE

OWNS LIFE INSURANCE ON LIFE OF OTHER SPOUSE.
Notwithstanding the foregoing, only the owner-noninsured spouse may revoke or
amend this trust regarding any insurance policy or its proceeds on the life of the insured
spouse owned by the owner-noninsured spouse as his or her separate property.
The owner-noninsured spouse shall have those powers only during the insured
spouse's lifetime. Regarding the ínsurance, any attempted revocation or amendment
made by the insured spouse at any time shall have no effect and shall not be taken into
account.

11.3 REVOCATION AND AMENDMENT BY SURVIVING SPOUSE.

After the déCBáGed 9]3OUSé S death, the surviving spouse may amend, revoke, or
terminate the trust. On revocation of the trust, all its assets shall be delivered to the
surviving spouse.

AR'T'ICLE T'WELVE

12.1 TRUSTEE’S RESIGNATION.

Any trustee may resign at any time. The resigning trustee must give written
notice of the resignation by personal delivery or registered mail to all income
bél3eficiariéS. The resignation becomes effective on the acceptance of office by a
designated successor trustee.
 12.2 SPOUSE AS SOLE TRUSTEE: POWER TO APPOINT ADDITIONAL
TRUSTEE.
Ifa settlor becomes unable for any reason to serve as trustee, the other settlor
shall act as sole trustee. During any period that a settlor serves as sole trustee of
any trust under this instrument, that settlor shall have the power to appoint an
additional trustee to act as Co-Trustee for any trust with the surviving settlor. The
settlor shall also have the powerto remove any Co-Trustee and to appoint a new Co-
Trustee to act with the surviving settlor. Any appointment ola Co-Trustee (and
revocation of appointment) shall be made in a written instrument signed by the
settlor and delivered to the designated or removed trustee. The appointment of a Co-
Trustee becomes effective on the new Co-Trustee's written acceptance of the trust
and the delivery of the acceptance to the settlor.

12.3 SUCCESSOR TRUSTEE(S).

If the surviving settlor is unable or unwilling to serve as trustee, then the
persons
listed below shall serve as successor trustees in the order named:

First: Carlos Romani Gonzales

Second: Rosario del Pilar Licetti

The appointment of successor trustees named in this instrument supersedes

any appointment of one or more Co-Trustees by the settlor.

12.4 TRUSTEE'S POWER TO DESIGNATE SUCCESSOR.

Any acting trustee shall have the power to designate one or more individuals or
corporate fiduciaries to serve concurrently or serially to succeed the trustee on his or
her inability or unwillingness to act. Any designation and revocation ofthat designation
shall be made in a written instrument signed by the trustee while acting as trustee. A
designation of a successor trustee by an acting trustees shall supersede any designation
of a successor
trustee by the settlors elsewhere in this instrument.

12.5 NONLIABILITY OF INDEPENDENT TRUSTEES.

No trustee named in this instrument or designated as authorized in this
instrument who is an independent person (other than a corporate trustee) shall be
fiable to any beneficiary or to any heir of either settlor for the trustee's acts or failure
to act, except for willful misconduct or gross negligence.

12.6 NONLIABILITY FOR CO-TRUSTEE’S ACTS.

No trustee shall be fiable or responsible for any act, omission, or default ofany
other trustee.

12.7 POWERS AND NONLIABILITY OF SUCCESSOR TRUSTEE AND

CO-TRUSTEE.
All rights, powers, duties, and discretions conferred on the original trustees shall
rest in all successor trustees. No successor trustees or Co-Trustees shall be
responsible or fiable for the acts or omissions of any prior trustees or Co-Trustees,
nor shall any successor trustees or Co-Trustees have a duty to audit or investigate the
administration or accounts of any prior trustees or Co-Trustees unless an audit or
investigation is requested in writing by an adult beneficiary.

12.8 EMERGENCY TCO-TRUSTEES).

If an individual Co-Trustee cannot participate in trust activities because of
physical or mental incapacity, or otherwise cannot act, during any period of
incapacity, the Co- Trustee, or ifthere is no Co-Trustee, then the successor trustee
shall act as trustee, having all rights and powers granted to the trustees by this
instrument. Physical or mental incapacity shall be conclusively established if two
doctors, authorized to practice medicine in the State of California, issue wr‘ihen
certificates to that effect.
THE LICETTI FAMILY 2013 LIVING TRUST 17
THE LICETTI FAMILY 2013 LIVING TRUST 18
 12.09 CO-TRUSTEE LIABILITY.
The Co-Trustees acting as sole trustees shall incur no liability to any
beneficiary of the trust or to the individual trustees as a result of any action taken
under this paragraph.

13.1 NAME OF TRUST.

The trust created in this instrument may be referred to as THE LICETTI
FAMILY
2013 LIVING TRUST, established on June 4, 2013.

Executed at Upland, Calimia, on June 4, 2013.

PABLO LICETTI,
TRUSTEE TRUSTEE

We certify that we have read the foregoing declaration of trust and that it
correctly states the terms and conditions under which the trust estate is to be held,
managed, and disposed of by the trustees. We approve the declaration of trust in all
particulars and request that the trustees execute it.

ICETTl,
SETTLOR SETTLOR
State of California

County of San Bernardino )

On June 4, 2013, before me, Kathy Dorough, Notary Public, personally

appeared Pablo Licetti and Manuela Elena Licetti who proved to me on the basis of
satisfactory evidence to be the persons whose names are subscribed to the within
instrument, and acknowledged to me that they executed the same in their authorized
capacities and that by their signatures on the instrument the persons, or the entity
upon behalf of which the persons acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California
that the foregoing paragraph is true and correct.

WITNESS my hand and official eeal:

Signature
 SCHEDULE "A"

REAL ESTATE:
All real estate wherever situated, owned by Settlors, or either of them, or in
which Settlors, or either of them, have an interest.
1. Real Property located at: 39842 De Vendome Ct., Murrieta, California
92563, in the City of Murrieta, County of Riverside, State of California.
2. Real Property located at: 44593 Brentwood PI., Temecula, California
92592, in the City of Temecula, County of Riverside, State of California.
3. Real Property located in the Country of Lima, Peru, Apartment — Isaac
Albenis 375 4to Piso Apt #402, San Borja, Lima,

Peru. PERSONAL PROPERTY:

1. All cash, gold or silver bullion or coins, checking accounts, certificates of deposit,
money fund deposits, or similar cash or cash equivalent accounts now held in
the names of Settlors, or either of them.
2. All stocks, bonds, investments, and securities of any nature whatsoever now
owned
beneficially or of record by Settlors, or either of them.
3. All notes, contracts, mortgages, and deeds oftrust receivable (if any) now owned
by
Settlor, or either of them.
4. All household furnishings, goods, and appliances, and all jewelry and
personal effects, or other personal property of any nature and wherever
situated (except motor vehicles) now owned by Settlors or either of them.
5. Citibank - Citi Personal Wealth Management Account # C10-075262.
6. Citigold Account - Savings #42006495073.
7. Citigold Account - Checking #42006495065.

THE LICETTI FAMILY 2013 LIVING TRUST

8. Wells Fargo Bank lnvestment Account (bonds) # ÜÁJG= OJ / /

THE LICETTI FAMILY 2013 LIVING TRUST

 8. PMA Premiere Checking Account #5959098608.
10. High Yield Savings #2797116866.
11. Money Market Savings #2797144314.
12. High Yield Savings #2797144397.
13. Bank Account in Lima, Peru- Continental - Cuenta de ahorros en Dolares
(Savings
accounts in American Dollars) #
14. 2012 Nissan Rogue Automobile, VlN # JN8AS5MT9DW516722.
15.
16.
17.
18.
19.
20.

"" All of the above-described property consisted of, or while held in trust hereunder
9hall be deemed to be Community Property of the Settlors, EXCEPTING the property, if
any, specifically identified upon the attached Schedule "SP" as having the character
ofthe separate property of either Settlor.

THE LICETTI FAMILY 2013 LIVING TRUST 21

THE LICETTI FAMILY 2013 LIVING TRUST 21
 1. Refen#on o/'Bxistíng Ínvestments. To retain and hold in or as a part

ofthe trust estate any investment of other property acquired from Grantor of

Grantor's estate, with full power, neverthélé9S, IO Change and vary the form of any

investment from time to time as the Trustee shall deem best.

2. Operat/on of Bosíness Owned by Granfor. To continue and operate

any business owned by Grantor and to do all things deemed advisable in connection

therewith, including the power to incorporate or otherwise change the form ofthe

business and to put additional capital into it, as Trustee may deem best.

3. Management anzf Opera#on of Rea/ Bstate. To manage, operate, repair

and improve, and to rent or lease, regardless of the length of the term, any real estate

forming a part ofthe trust estate. Trustee shall have the power to do all things necessary

or advisable in connection with the management and operation of any farm of

ranch properties, and any natural resource properties.

4. ínvestments. To open and maintain accounts with stock brokerage

firms, and to execute all documents necessary for the opening and maintenance

thereof, and on behalf of the Trust to invest the trust estate in, and to buy, sell, and

trade:

a. Stocks, bonds, notes, options (including puts and calls, and

whether or not covered by like securities held in the brokerage account), and other

securities of any nature (including short sales, and sales on margin), and for such
THE LICETTI FAMILY 2013 LIVING TRUST 22
purposes Trustee may

THE LICETTI FAMILY 2013 LIVING TRUST 22

maintain and operate margin accounts with brokers, and may borrow money from

any brokerage firm and pledge any securities held or purchased by Trustee to such

brokers as security for loans and advances made to the Trustee; and

b. Any othar real or personal property, including (but not limited to)

precious metals or stones, commodities and commodity interests, interests in oil, gas,

and mineral wells, mines, and leases, shares or interests in investment trusts and

common trust funds, leaseholds or undivided fractional interests in real estate, and

interests in general or limited partnerships; as Trustee may deem advisable, even

though such investments may not be of the character generally deemed permissible

for investments by fiduciaries. Investments need not be diversified and may be

made or retained with a view to possible increase in value. Trustee may at any time

hold cash or readily marketable securities of low yield for such period as Trustee may

deem advisable. The Trustee is authorized to appoint one or more investment managers

to manage all or any part ofthe assets of the Trust, and to pay reasonable compensation

to any such investment manager. Trustee may delegate to an ínvestment manager the

power to acquire and dispose of assets, and investment discretion.

5. Exercise of Conirersion Rights. To exercise any rights and privileges to

convert investments or other property into other investments or other property and to

subscribe for additional securities, and to hold any assets so acquired as

investments of the trust estate.

THE LICETTI FAMILY 2013 LIVING TRUST

THE LICETTI FAMILY 2013 LIVING TRUST
 6. Voúng ofSecor›#es. To vote in person or by proxy on any stocks or

other securities held by Trustee.

7. Regictrat/on of Sec« r›t/es or Propertjr. To cause to be registered in

Trustee's name, individually or as Trustee, or in the name of a nominee, any

securities or other property from time to time held by Trustee, or to take and keep

them unregistered, and to retain them or any part thereof in such condition that they

will pass by delivery.

8. Corporate 7ransacúons. To join in, or to dissent from and to oppose,

the reorganization, recapitalization, consolidation, sale or merger of corporations or

properties in which Trustee may be interested as Trustee upon such terms and

conditions as Trustee may deem wise, and to accept any securities which may be

issued upon any such reorganization, recapitalization, consolidation, sale or merger,

and thereafter to hold the same.

9. P«rchase, Sale andD/sposí#on of Rroperf y. To purchase, sell,

exchange, convey or dispose of, or to acquire or grant options with respect to, any

property, real or personal, and any purchase or sale may be made by private

contract or by public auction, and for cash or upon credit, or partly for cash and

partly upon credit, as Trustee may deem best, and no person dealing with

Trustee.shall be bound to see to the application of any monies paid.

10. Right to Borzoo and Provide Sacurít:y. To borrow money from any

financial institution or source of financing deemed appropriate by Trustee, for any

purpose connected with the protection, preservation or improvement ofthe trust estate,
THE LICETTI FAMILY 2013 LIVING TRUST 24
wherever in

THE LICETTI FAMILY 2013 LIVING TRUST 24

Trustee's judgment advisable, and as security therefore to encumber or pledge any

property forming a part ofthe trust estate upon such terms and conditions as Trustee

may deem advisable. Trustee shall have the power to expend funds of the trust

estate for the purpose of repayment of indebtedness secured by encumbrance or

pledge of property forming a part of the trust estate. Trustee may pledge or

encumber assets of the trust estate to collateralize the loans or other obligations of

any Grantor or other beneficiary hereunder and may act as a co-borrower or guarantor

with respect to loans and obligations of Grantor or any other beneficiary hereunder.

11. Right to Maka Convayancas and Encumbrances. To make, execute,

acknowledge and deliver any and all deeds, leases, and assignments and other legal

instruments necessary or proper to carry out the provisions of this Agreement; and

to pledge, mortgage and encumber any and all assets ofthe trust estate for any

purpose, at any time, from time to time, on any terms and in any manner as the

Trustee may, in Trustee’ sole discretion, deem advisable and appropriate.

12. Loans to ¢9zantor’s Estste. To lend funds of the trust estate to

Grantor's estate, upon such terms and conditions as Trustee shall approve.

13. L“d'a Insurance Policías. To acquire as an asset of the trust estate one

or more life insurance policies on the lives of any persons to whom the income ofthe

trust is then payable, or on the life of any person in whom such income beneficiary

has an insurable interest, from such companies and in such amounts as Trustee

may deem advisable; to pay premiums on all policies, from income or principal or

both (other than

THE LICETTI FAMILY 2013 LIVING TRUST

THE LICETTI FAMILY 2013 LIVING TRUST
income or principal ofthe Survivor's Trust, ifany such Trust be established

hereunder), as Trustee may determine and any euch insurance shall be payable to,

and all incidents of ownership shall be vested in, Trustee.

14. ínsurance Proceeds; Opt/ons. To permit the proceeds of any insurance

policy payable to Trustee, or any part of such proceeds, to remain with the company

under any option available under the terms of such policy, and Trustee shall not be

fiable for any loss resulting to the trust estate by reason of having permitted such

retention.

15. Eateb//sfzment ol Reserves. To establish, from rents, profits and other

income, such reserves for taxes, assessments, insurance, repairs, improvements,

depreciation and maintenance of buildings and other property, as Trustee shall

deem advisable and consistent with the purposes of Grantor.

16. Distribution in Caeh or Property. Except as otherwise expressly provided

elsewhere herein, to make any division or distribution in cash or in kind, or partly in

cash and partly in kind, on the basis of market values at the time of such division or

distribution, of if there be no recognized market value, at the fair value thereof. Any

determination of recognized market value or fair value of any security or property

made by Trustee for the purposes hereof shall be deemed presumptively correct.

17. Payment ofExpences. To pay any and all expenses, costs, lees (including

Trustee's own fees), taxes, penalties or other charges and except as otherwise

expressly provided herein to charge the same against principal or income or partly

against the principal and partly against the income of the whole or any part of any
THE LICETTI FAMILY 2013 LIVING TRUST 26
trust.

THE LICETTI FAMILY 2013 LIVING TRUST 27

 18. A//oce#ons Between Principal and lncoma. To determine, in case of

doubt, how any money or other property received, or any gain or loss realized or

incurred, shall be allocated as between income and principal, and to apportion between

income and principal any loss or expenditure in connection with the trust estate, as

Trustee may deem just, except that; (1) in the case of securities purchased at a discount

the entire subsequent sale price or maturity value shall be credited to principal; (2) in

the case of securities purchased at a premium, the premium shall be charged against

principal without amortizing the same. Only the interest component of installment

payments received on notes or contracts receivable shall be deemed to be income.

19. Re/lance on Fuzníahed Information. To rely upon any information,

affidavit, certificate, letter, notice, telegram, or other document, or upon any telephone

conversation believed by Trustee to be genuine and sufficient.

20. £mp/oyment of Othars. To employ agents, attorneys, investment advisors,

and other persons whose services may be required or advisable in the administration of

the trust estate and to pay them reasonable compensation.

21. 4rbitraúon of D/ff'erences. To submit to final arbitration any matter of

difference with others.

22. Seft/ement and Bnforcemenf o£ C/aims. To compromise, compound and

settle any obligation due to or from the trust estate (including Grantor’s estate where

appropriate); to reduce the rate of interest on, and to extend or otherwise modify, or

to foreclose upon default or otherwise enforce, any such obligation; to enforce or to

abstain
from the enforcement of any right, obligation or claim; and to abandon, if in Trustee's

absolute discretion Trustee shall deem it advisable, any property, real or personal,

which may at any time form a part of the trust estate and of the beneficiaries

thereof, either before or after default.

23. Depoaftor›es and lnvestment of Cash. To create and maintain and

invest in savings accounts, checking accounts, certificates of deposit, money market

funds, and all other forms of cash reserves and deposits, including safety deposit

boxes, whether or not interest bearing, and to maintain said cash accounts and

reserves with any institution or depository deemed appropriate by the Trustee. If the

office of Trustee is held by Co- Trustees, and all Co-Trustees shall so instruct the

depository, checks and withdrawals may be signed and made by any one Co-Trustee

without the co-signature of any other Co- Trustee. Such accounts and deposits shall

be titled in the name or names designated by the Trustee.

24. Oepofjr trustees. To appoint a Deputy Trustee or Deputy Trustees, to

function as would the Trustee in connection with any cash accounts or reserves

including the authority to make deposits to and withdrawals from such cash accounts

and reserves. All Deputy Trustees shall serve at the pleasure of the Trustee, and

may be removed from office by the Trustee at any time, for any reason deemed

sufficient by the Trustee.

25. Defega#on ol Powers to Certain Co-7rosfees. Whenever the office of

Trustee is held by Co-Trustees, the Co-Trustees may by unanimous written

agreement delegate the authority and responsibility for exercise of certain of these

THE LICETTI FAMILY 2013 LIVING TRUST 28

powers, and the

THE LICETTI FAMILY 2013 LIVING TRUST 29

authority to perform certain duties and responsibilities of the Trustee (including but not

limited to the signing of checks; providing orders to securities brokers or investment

advisors, and the execution of any documents) to one or more designated Co-

Trustees. Any document executed by fewer than all of the Co-Trustees in

conformity with the provisions of this Paragraph shall be binding upon this Trust, its

Trustee, its trust estate, and all beneficiaries hereunder. Whenever evidence of

delegation of authority under the provisions ofthis Paragraph has been furnished to a

party, such party may thereafter, until and unless written notice to the contrary from

any Grantor or Co-Trustee is actually received by such party, conclusively presume

that all acts and transactions of the Co- Trustee or Co-Trustees to whom such authority

was delegated (so long as they are within the scope of the delegation of authority)

have in all respects been duty and regularly authorized and all consents required

under the provisions of Paragraph 26 below with respect to such acts and transactions

have been property obtained.

26. Exercise ol Thase Powers by Co-7rustees. Whenever the office of

Trustee is occupied by two Co-Trustees, such Co-Trustees must exercise the powers of

TFU9téé by unanimous consent. Ifat any time the office of Trustee shall held by

more than two Co-Trustees, and such Co-Trustees shall be unable to agree with

respect to any matter relating to the administration of this Trust, the decision and

actions of a majority of the Co-Trustees shall be controlling.