rusts and due to the note cleanups we did at yearend, investable cash balances in the trusts are sizable. Remember, decanting of the 1997 Trust into the APO2 Trust will soon to be completed and cash shown on the table will move there. Also, we are in the process of getting the valuations done for the LDB 201 L

as follows: • $850,750 from APO2 Trust to Global • $140,925 from APOI Trust to Global • $8,325 from APO1 Trust to Global It was intended that the APO2 Trust would lend $45,000 to the 1997 GST-Exempt Trust, so it could make a contribution to PLB. Depending on our overall restructuring, we can prepare a N

ation on the residence from Leon's estate but will avoid the complexities (and potential gift tax issues) of having to true-up capital accounts when the APO2 Trust makes additional capital contributions (to build the new residence). It also removes the obligation going forward to collect pro-rata contributions

lk I. Decanting Instruments to be Revised to include changes to the decanting statute. PW to revise the document In progress 2. Resolve whether the APO2 Trust will have a sub-trust to be used for the second-to- die insurance after the split dollar agreements is rolled-out. Team to discuss 3. Execute APO2