Accounting for Children

Hi Jeffrey,

Brad mentioned that item 7 of your recent to do list referred to "accounting for children."

1. Are you contemplating that the Trustees of each of the Trusts prepare a "formal" accounting (in the format used for the 2006 Trust accounting) for the beneficiaries and ask them for a release of liability? (You recall how involved that process was. We may wish to use someone other than Tom Turri.)

2. Or, are you thinking of something less formal (i.e. simply informative to the beneficiaries with no release) that our Finance Group can prepare on behalf of the Trustees?

3. What is your anticipated timing for this accounting—before or after we decant the assets into the AP001 Trust?

Thanks.

Ada Clapp

Chief Legal Officer

Elysium Management LLC

445 Park Avenue

Suite 1401

New York, New York 10022