<div dir="ltr">The report from the Linux Foundation was late, not received until today.<div>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="margin:0in;font-size:12pt;font-family:Calibri,sans-serif">Cash
position increased slightly to $207,456. Accumulated surplus decreased again slightly
to $119,503. </p>

<p class="MsoNormal" style="margin:0in;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="margin:0in;font-size:12pt;font-family:Calibri,sans-serif">Net
income was a loss of $7,511, more than last month.</p>

<p class="MsoNormal" style="margin:0in;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="margin:0in;font-size:12pt;font-family:Calibri,sans-serif">Executive
Director charges were almost 40% over budget because of significant time
required to manage the TPC. Legal charges were about two-thirds of the annual
budget because of time required to provide support for our Bylaws and IPR work</p>

<p class="MsoNormal" style="margin:0in;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="margin:0in;font-size:12pt;font-family:Calibri,sans-serif">Comments/questions
are more than welcome. I’ll send the actual report to anyone who wants to see
it.</p>

<p class="MsoNormal" style="margin:0in;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="margin:0in;font-size:12pt;font-family:Calibri,sans-serif">Thanks,
Jim, Treasurer</p></div></div>