TO: ADP Clients and Investors

FROM: Eric Gangloff

RE: Promotion of Anders Hedqvist to CFO of ADP LLC

ADP is pleased to announce that Anders Hedqvist (ahedqvist@adpfund.com) has been promoted from Director of Funding and Accounting to Chief Financial Officer. In addition to the increased internal responsibility that this new role entails, Anders will also oversee the hiring of some new key employees, including a Funding Specialist/Financial Analyst to help ADP better serve the needs of all our clients and investors.

We hope you’ll join us in congratulating Anders on his achievement. As always, if there is anything we can do to serve you better, please let us know.

Thank you for your business and take care,

Eric J. Gangloff

Managing Director

Alternative Debt Portfolios, LLC

790 Ida Court

Incline Village, NV 89451

(775) 831-2773 Phone

(775) 548-9809 Fax

(775) 830-0540 Mobile

egangloff@adpfund.com