Confidential Due Diligence Report —FORUMS, LLC AND LIABILITIES: Date of Accounts 31/12/2003 31/12/2002 31/12/2001 Creditors 13,000 11,000 6,000 Miscellaneous Current Liab. 10,000 46,000 40,000 Total Current Liabilities 23,000 57,000 46,000 TOTAL LIABILITIES 23,000 57,000 46,000 Called Up Share Capital and Sundry Reserves 4,710,000 4,294,000 4,037,000 Profit 4 Loss Account Reserve -2,626,000 -2,053,000 -1,602,000 Shareholder Funds 2,084,000 2,241,000 2,435,000 NET ASSETS 2,084,000 (total assets-total current liabilities) 2,241,000 2,435,000 RATIOS: Date of Accounts 31/12/2003 31/12/2002 31/12/2001 Pretax Profit / Capital Employed (4) -27.54 -20.12 -16.80 Pretax Profit / Assets (%) -27.24 -19.63 -16.49 Pretax Profit / Shareholders Funds(%) -27.54 -20.12 -16.80 Current Assets / Current Liabilities 1.43 0.44 0.13 Quick Assets / Current Liabilities 1.43 0.44 0.13 Shareholders Funds / Total Assets 0.99 0.98 0.98 GROWTH RATES(%): 2 Years 3 Years 4 Years Total Assets -8 -15 Current Assets 32 450 Current Liab. -60 -50 Capital Employed -7 -14 CREDIT-RATING: Year 0 - Dissolved Year -1 - 41 Year -2 - 48 Year -3 - 32 CREDIT-LIMIT: No limit assigned or limit suspended - for reason see credit score COMPANY SECRETARY: Attorney DIRECTOR(S): AUDITOR: Saffery Champness BANKER: Royal Bank Of Scotland PARENT: Laws Helicopter LLC LOAD-DATE: June 1, 2005 Confidential - This report is not to be disseminated or photocopied to any third party without the express consent of Global Corporate Security. 1137404b.d0C Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00002978 SDNY_GM_00272176 EFTA01480758