Last WILL or PAUL SKARLATOS E, PAUL SKARLATOS, make thie ay Will. I revoke any other Wille and codicile made by me aRTiCB 1 Cremation and Burial Instructions 1 direct that my remains be cremated and that one-half of my erenated renains be interred next to my former wife, with the remaining ene-half to be interred with my wife, PATRICIA TROTT-SKARLATOS antics 11 ‘Tangible Personal Property A. 1 leave all of my tangible personal property to be distributed in accordance with a memorandum, list, or letter I may make pursuant to Va. Code $64.1-45.1. If my wife aurvives me, I leave all of my tangible personal property which is not mentioned in such a menorandum, list, or letter to her. If my wife does not survive me, t leave all of my tangible personal property which is not mentioned in such a memorandum, list, or letter in equal shares to my children and to the then-Living lawful descendants, per atiznea, of any of ny children who predecease ne. B, “Tangible personal property" includes all of my jewelzy, clothing, and other articles of personal use or adornment, household furniture and furnishings, books and other articles of household use or ornament, coin and stamp collections, automobiles, boats, airplanes, and their accessories and equipment, and all property which is conmonly considered tangible personal property. “Tangible personal property" also includes any transferable casualty insurance policies on any items of tangible personal property, such policies going to the peraon whe eer =| i 0receives the insured property. *Tangible personal property" does not include any money (other than collectible money having an inherent value in excess of its face amount) or other tangible evidence of any intangible rights or interests. Tangible personal property does not include assets that, in the opinion of my personal representative, were held by we primarily for business or investment purposes. ARTICLE IIL Reniduary Estate A. 1 leave the residue of my estate as follows: 1. Two-thirds (2/3) to my wife, if she survives me; and 2. One-third (1/3) (or all, if my wife does not survive me} in equal shares to my children, if they survive me, and to the then-living lawful descendants of any deceased child of mine, per abinpe: 1B, T£ any portion of my estate shall pasa to any beneficiary who shall not yet have attained the maximum age allowed under the applicable Uniform Transfers (or Gifts) to Minore Act, my personal representative shall distribute the share for ouch beneficiary to any appropriate person chosen by my personal representative, which person may be my personal representative, as cuatedian for auch beneficiary under the appropriate Uniform Transfers (or Gifts) to Minors Act, to be held for the maxinum period of time allowed by law. ARTICLE IV No_Contest The terms of my Will reflect my carefully-considered objectives for che disposition of ay assets, and thie “no contest" clause is included in my Will to prevent my children from Frustrating my intent ond creating expensive and divisive litigation for my estate To assure that ay estate plan is achieved, 1 intend to discourage mychildren from instituting any contest by completely disinheriting such beneficiary if he or she does so. B. Tf any of my children participates in any contest of my Wi11, regardless of probable cause, good faith, or subsequent withdraval of the contest, the dispositions to that child and to his or her descendants under any provision of my Will ehall lapse and be distributed to my wife, if she survives me. The term contest” for purposes of this Article means a direct or indirect attempt to challenge any part or all of my Will, Te also includes abetting, becoming party to, commencing, conducting, and inciting any action, proceeding or suit: (1) to resist, oppose, upset, or object to admitting my Will to original oF an: ilary probate oF otherwise to adjudicating it to be valid, (2) to assert, file, or raise an objection to my Will based upon any allegation, including forgery, lack of capacity, duress, fraud, undue influence, or failure of due execution, and (3) to impair, invalidate, modify, set aside, or prevent carrying out any part of my Will, The term "contest" also includes the agreeing with, or the procuring of, any other person to do any of the foregoing acts Debta, Taxes. and Expenses A. 1 direct my personal representative to pay all of my legally enforceable debts and funeral expenses, including the cost of a suitable menorial, as soon after my death as is convenient. However, ny personal representative will not be required to pay any obligation of mine in advance of maturity. B. Unless otherwise specifically directed to the contrary in another instrument, my personal representative also shall pay as an expense of administering my estate all death and succession taxes,including any interest or penalties, imposed on account of my death Ny personal representative will pay these taxes regardless of whether the property on which they are imposed passes under my Will or otherwise. ©. My personal representative will make all of the payments under Paragraph B from the residue of my estate, without apportionment and without reimbursement from any person, first from that portion of the residue of my estate which does not qualify for the federal estate tax marital or charitable deduction, then from the balance of the residue of my estate ARTICLE VI Similtaneous Death Tf my wife and 1 should die eimuLtaneouely or under circumstances in which there is insufficient evidence to establish which of us predeceased the other, my wife shall conclusively be presumed to have survived me for all purposes of my eatate ARTICLE VIT Definitions A, I am married to PATRICIA TROTT-SKARLATOS at the time of executing my Will, and all references to my "wife" are to her. B. At the tine of executing this Will, 1 have three (3) children; MICHAEL P. SKARLATOS, NATTHEW P, SKARLATOS, and ELIZABETH SKARLATOS, and all references to my "child" and "children" are to them, ‘The term "descendants" includes those now and hereafter born, and in addition to natural born, any by legal adoption. No person cther than my wife shall be deemed to have survived me for purposes of my Will unless he or she is living on the date ninety (90) days after the date of my death, as determined by applicable legal death certificates.aRTicoR vITT Rersonal Representative A. T name my wife, PATRICIA TROTT-SKARLATOS, Eo be the personal representative of my estate. Tf my wife does not survive me or, having survived me, she dies, resigns, refuses to serve or becomes unable to serve, then T name WILLIAM RYALL to be the personal representative of my estate. B. No personal representative named by me or nominated by any Personal representative named by me shall be required to provide surety or other security on a bond. No personal representative naned by me shall be Liable for any loss or damage resulting to my estate by reason of the exercise of any discretion 1 have given my personal representative, except in the case of willful default, bad faith, or gross negligence. If any personal representative named at Paragraph A of this article wants to name a Virginia resident or bank or trust company as another personal representative 0 that bond with surety can be avoided for my estate, T authorize the personal representative naned at Paragraph A of this Article to appoint such a Virginia resident personal representative My personal representative is entitled to reimbursement for expenses and reasonable conpenaation for services in administering nny estate ARTICLE 1x Personal _Representative's 2owera T authorize my personal representative to exercise all of the powers granted under Ya. Cade §64.1-57 which are specifically incorporated by reference herein, or other applicable law, and to do the following, solely in # Fiduciary capacity:A. To hold and retain as part of my estate all or any property received from any source. B, To invest and reinveat the funds of my estate (or leave them temporarily uninvested), in any type of property and every kind of investment, including (but not Limited te) corporate obligations of every kind, preferred or common stocks (including those of any corporate personal representative), securities of any regulated investment trust, common trust funds, mutual funds, money market or other short-term funda (including those maintained, sponsored, advised or managed by any corporate personal representative), and partnership interests. To sell or exchange any property contained in my estate, whether real, peroonal, or mixed, and in the case of any sale, to sell for cash or credit, at public or private sale, and with such warranties or indemnificationa as my personal representative deens advisable. D. To take title to any securities in the name of any custodian or nominee, without disclosing this relationship, but ay personal representative is responsible for the acts of any custodian or nominee my personal representative uses E, To vote (in person or by proxy) any stocks or securities held by my estate, to grant, exercise, sell or otherwise turn to account any rights te subscribe to stock or securities or other options held by my estate, to anortize or refrain from anortizing any premiums on bonds or other securities which my personal representative may buy or receive, to incorporate, dissolve, merge, reorganize, or otherwise change the form of any business in which my estate is interested, or participate in such changes in any manner (and to deposit securities with any protective committees pursuant to such changes), to participate in voting trusts, and generally to exercise the same rights and privileges with respect te any stock or securities held by myestate that any prudent person may lawfully exercise with respect te stock or securities owned outright FP, To divide and distribute my estate in kind, in money, or partly in each, without regard to the incone tax basis of any such Property, and the personal representative's valuation of any such property is final and binding on all parties ©. To exercise or refrain from exercising any election or option granted my personal representative under any provision of the Internal Revenue Code of 1986, as amended, oF any successor statute or similar state vax Law. H, To join with my wife in filing joint federal income tax returna and, with respect ro any federal gift tax return my wife files, to consent to being treated as the donor of one-half (1/2) of the gifts Feported on uch return, and to pay all or part of the tax shown due on any such income or gift tex return, including any deficiencies, interest, and penalties subsequently determined to be due, without reimbursement from any person To pay all packing, shipping, insurance, and other chazgea relating to the distribution of any of my tangible personal property, without seeking reinbursement from the recipient of such tangible personal property. Whenever doubt or uncertainty exiats under my Will or applicable law, to credit receipts and to charge expenses to principal, to income, or partly to each, and to apportion the same among legacies and any trusts created in my Will. K, To hold any of my assets at any place or places either inside or outeide che United statea. ‘To compromise and adjust any clains against or in favor of ny estate, upon such terms and conditions as my personal representative Goons appropriateM, To employ persons, even if they are associated with my personal representative, to advise or assist my personal representative in the performance of the duties inposed under my Will N, With respect to any real estate owned by my estate, to collect the rente and earnings therefrom, to keep such property (and ali related fixtures) in tenantable repair, to make all reasonable expenditures to preserve such property, and to insure the property, my personal representative, and anyone having an interest in or responsibility for the property's care against any risks my personal representative deems appropriate. To carry on, sell, or liguidate any business or interest in any business owned by me or in which I am engaged at the time of my death, whether in corporate, partnership, proprietorship or any other form, and to invest any additional money in or lend money to any such business P. To execute and deliver any instrunente necessary or useful in the exercise of any of these powers. ARTICLE x Miscellaneous My Will shall be governed by and construed according to the laws of the state of which I am a resident at the time of my death B. The headings in my Will are inserted for convenience only and are not @ part of my WillIN WITNESS WHEREOP, I hereunto set my hand and seal to this Will, consisting of ten (10) typewritten pages, including attestation clause, signatures of witnesses, and affidavit of witnesses, all this ene 3 aay of Qokh « . 1989. PAUL SkARLATOS on the J day of (GAs yt , 1999, PAUL SKARLATOS declared to us, the undersigned, that the foregoing instrument was his host Will and he requested us to act as witnesses to it and to hia signature thereon. He thereupon signed this Will in our presence, we being present at the same tine. And we now at hia request, in his presence, and in the presence of each other subscribe our names as witnesses. And we and each of us declare that we believe this testator to be of sound mind and memory. NANES ADDRESSES Naty A minor tACOMMONWEALTH OF VIRGINTA COUNTY OF FAIRFAX, to wit: Before me, the undersigned authority, on this day personally appeared PAUL sxartatos, Bhonda macd galdana Sutia Vesune , known to me to be the testator and the witnesses, respectively, whose nanes are signed to the attached or foregoing instrument and, all of these persons being by me first duly sworn, PAUL SKARLATOS, the testator, declared to me and to the witnesses in ny presence that this instrument is hie Last Will and Testament and that he had willingly signed or directed another to sign the sane for him and executed it in the presence of the witnesses as hie free and voluntary act for the purposes therein expressed, that the witnesses stated before me that the foregoing Will was executed and acknowledged by the testator a9 his uast Will end Testament in the presence of the witnesses who in his presence snd at hia request and in the presence of each other did subscribe their nanes thereto as attesting witnesses on the day of the date of thia Will and that the testator, at the time of the execution of this Will, wae over the age of eighteen (18) years and of sound and disposing mind and menory. ‘Sworn ond acknowledged before me by PAUL SKARLATOS, the testator, and Bhande Macdonald ana Sutra Ve Suna, wieneases, this 5" aay of October, 1999. Dug pan Cu ytbceh Aoi oA hota) Public My commission expires: J131[O) eee A.copy tes Sonn Cou ay: seommcenen aa pea Date: Fo aa 7 ate Se * Thong ine oii tes oF Fairfax Coun