Dear all,

Attached are the two documents we discussed circulating during our call today:

1. The April 28 memo on PTI board responsibilities and costs; and

2. The April 16 chart on differences between a nonprofit corporation and limited liability company.

Best regards,

Sharon

SHARON FLANAGAN
Partner

Sidley Austin LLP
+1.415.772.1271
sflanagan@sidley.com

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