FERNWOOD CEMETERY - ENDOWMENT CARE & MEMORIAL CARE TRUST

.Refer to Schedule OFernwood Cemetery - Endowment Care & Memorial Trust was organized for the purpose of holding funds in perpetuity whereby the interest and dividends net of any provision for investment losses is made available to the cemetery general fund for the current care and maintenance of grave spaces, crypts and niches. The cemetery sells graves, mausoleums, and niche space on a pre-need and at-need basis. A portion of each sale of graves, mausoleums, and niche space must be deposited in the endowment fund for current and future cemetery maintenance and is accounted for in fund equities. Fernwood Cemetery - Endowment Care & Memorial Care Trust began operations in 2004 when the State of California Department of Consumer Affairs - Cemetery and Funeral Bureau approved the purchase of the cemetery from Daphne Fernwood. The activities of the organization has been and will continue to be conducted by the trustees named in the attached trust documents.