G650

<jeeproject@yahoo.com>

Jeffrey,

Rich has submitted to Gulfstream The Hyperion Trust's LOI and has sent to JP Morgan wire transfer instructions for the $500k deposit that have a value date of April 15, so that the deposit will hit the account of Gulfstream, which is also at JP Morgan, as early as possible on April 15. Gulfstream is simply taking the first 50 deposits to hit its account starting at 12:01 on April 15. If yours is not within the first 50, you will not get a 2012/2013 delivery date and your price will not be $59,500,000, but will be based on that price with an adjustment for inflation depending on the actual delivery date that you get, which will be based on what order your deposit arrives, relative to the other persons also trying to get their deposits hitting as early as possible on April 15.

The good news is that Gulfstream's account is also at JP Morgan, so your wire does not have to go through the Fed wire system, but will be processed internally at JP Morgan. The bad news is that Mary Casey told me that there have been other JP Morgan client inquiries regarding the April 15 transfer and Mary does not know how the bank is going to order transfer requests, even among JP Morgan's own clients. I have asked Mary to find out and she still does not have an answer. I don't know how many clients will be wiring money, but would like to maximize your chances for having the bank process your transfer request first.

Any chance you can make a phone call?

Darren K. Indyke
Attorney-At-Law
457 Madison Avenue
4th Floor
New York, New York 10022
Tel: 212-750-1176
Fax: 212-750-0381
e-mail: dkiesq@aol.com

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