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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Dear Legal Sub-<span style="color:black">t</span>eam:<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Please find attached a memorandum responding
<span style="color:black">to the two follow-up questions concerning unincorporated associations, assigned to us on June 11.</span><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">=====
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif""><br>
Please be aware that this email is intended to provide a short response to the questions posed, without the benefit of legal research. If you would like a more thoroughly considered and researched response, please let us know.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">=====
<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Steven Chiodini</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Adler & Colvin</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">235 Montgomery Street, Suite 1220</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">San Francisco, CA 94104</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Tel: 415-421-7555</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Fax: 415-421-0712</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">email: <a href="mailto:schiodini@adlercolvin.com">
<span style="color:blue">schiodini@adlercolvin.com</span></a></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Arial","sans-serif""><a href="http://www.adlercolvin.com"><span style="color:blue">www.adlercolvin.com</span></a></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">The information in this e-mail message and any attachments may be privileged, confidential, and protected from disclosure. If you are not the intended recipient, any use,
dissemination, distribution, or copying of this transmission is strictly prohibited. If you think that you have received this e-mail message in error, please e-mail the sender at
<a href="mailto:schiodini@adlercolvin.com"><span style="color:blue">schiodini@adlercolvin.com</span></a>, and delete all copies of this message and its attachments, if any. Thank you.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
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