[jig] JIG Partnership Agreement; Conversation with E*Trade

Hi, Peg found a copy of the JIG Partnership agreement, saving me many hours of searching through my random piles. Thanks, Peg!!! Copy is attached for your records. (Everyone owes Peg a beer!!) Per our meeting discussion, Peg and I called E*Trade to inquire about the ability to transfer stocks from our investment account to in individual’s account. This can be done and E*Trade will waive the partial transfer fees as long as our remaining account balance is greater than $5,000. The process is that all members of the Partnership sign a letter of authorization authorizing the individual’s broker to request the transfer of the designated stocks from our E*Trade account to the individual’s account. The signature’s on the letter of authorization must be notarized. John’s share of the JIG assets will be valued at the end of the month in which Peg (the President) receives John’s written letter of resignation from the partnership. If John and all of the members agree that John’s distribution with be a combination of stock and cash, Peg and I will put together a proposed plan of distribution for the members to consider at the following meeting with John’s input either via email or conference call. We anticipate that we would send out a spreadsheet of our proposed distribution prior to that meeting. Thanks, Al, for the idea of a means to avoid paying capital gains as we cash John out of JIG. Peg and Betsy