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Ornstein's Summarsion

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Hi Doreen,

I'm sorry I missed your call! I just got your message and will call you tomorrow to touch base and follow up. In short, the amendment I sent yesterday supersedes both the First Amendment, which you said you had, as well as a second modification via a proxy vote to remove Alec Ornstein from the Amended Operating Agreement, which is attached.

The trio of managing members (Kenny Reisman, Joan Ornstein via Steve Ornstein's assignment, and Pamela Ornstein) is an imperfect solution to the question of succession that was drafted 10 years ago when there was not a clearer path.

I'm obviously biased here, but a three-person, decentralized managing committee without a clear decision-making hierarchy, in which there's a lack of familiarity

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