James Aubrey Parker

Delta Petroleum — None

U.S. Treas Notes — Interest — Sold (part) — market

Agency Acct- JPMorgan — Interest

Parcel #1, Harms Co., TX (Undivided 50%) — None

Parcel #3, Harris Co., TX (Undivided 50%) — None

Parcel #1,LiveOakCo., TX (Undivided 50%) — Rent

Parcel #1, Bernalillo Co. NM (Undivided 25%) — None

Parcel #2, Bernalillo Co., NM (Undivided 50%) — None

MINERAL ROYALTY PROPERTIES.

Common Leases, Ascension Parish — Royalty

VariousLeases, Placquemine Parish — Royalty

TEXAS

Dobie Ranch, Live Oak Co — Royalty

COLORADO

O.R.R.I &R.l., Weld & Adams Cos. — Royalty

MINERAL WORKING INTERESTS:

fiWells, Adams Co., CO. — Distribution

Well, Arapahoe Co, CO.

fl Wells, Washington Co., CO — Distribution

Wells, Weld Co, CO — Distribution

Well, Elbert Co., CO — Distribution

Parcel #1, La Plata Co., CO. (land, cabins, water)(25% int.) — Rent

Noble Energy — Int/Div — Buy — market

EMC Corp — None — Buy — market

Siemens AG — None — Buy — market

Transocean Ltd — None — Sold — market (loss)

Bank of America CDs & Accts. (JPFP TE LO) — Interest

Franklin U.S. Government Securities — Interest — Buy (add'l) — market

Templeton Income Global — Distribution — Buy — market

Franklin Large Cap Equity — Interest — Buy (add'l) — market

Vanguard Emerging Markets — Interest — Buy — market

ACELWd — None — Buy — market

CJS Denver Holdings, LLC — None — operating

MBH Enterprises, LLC — Distribution

Westfield Res. Partners — None

Apple Inc — None — Buy — market

TEVA Pharmaceutical Inds — None — Buy — market

JP Morgan Chase — None — Buy — market

Li& FungLtd — None — Buy — market

Hyundai Motor Co — None — Buy — market

During 2010 I made charitable gifts exceeding $1,000.00 in value to University of New Mexico Foundation, Rice University, United Way of Central New Mexico,

St. John's Cathedral, Albuquerque Museum Foundation, University of Texas Law School Foundation, Colorado Uplift, New Mexico Community Foundation

Breast Cancer Resource Center, and Family in Christ Community Church.

During 2010 I made gifts exceeding $1,000.00 in value of interests in JPFP LLC

The securities shown on lines 1-3,26-32,34-38,43-48 of Section VII were held during 2010 by Fiduciary Trust International either in an I.R.A. account and/or in a

managed account.

The agency account at J.P. Morgan Private Bank (line 5, Section VII) is an account in whic

I each have an undivided 50% interest. The primary

assets for which J.P. Morgan Private Bank is agent are Louisiana mineral royalty properties

nes

, Section VII). The royalty income received by the Bank

is invested in money-market funds which eam interest or dividends in the amount stated on line 5, Section VII. The royalty income from and the values of the

mineral properties held in the agency account are stated at lines 13-14 of Section VII.

Value code S was used for the following properties:

Line 6 Parcel

#1, Harris Co., TX $538,087 (JPFP, LLC 50%=5269,043)

Line 7 Parcel

#3, Harris Co., TX

$1,574,746 (JPFP, LLC 50%=$787,373)

Line 8 Parcel

#1, Live Oak Co., TX

$1,077,780 (JPFP, LLC 50%=$538,890)

Line 9 Parcel

#1, Bernalillo Co.,, NM $162,900 (JPFP, LLC 25%= $40,725)

Line 10 Parcel

#2 Bemalillo Co.,, NM $65,700 (JPFP, LLC 50%= $37,850)

Line 25 Parcel

#1, La Plata Co., Co $618,370 (JPFP, LLC 25%=5$154,592)

During 2010 I and/or JPFP

LLC received a refunds for overpayment of state taxes from New Mexico within income code B, from Colorado within income

code C, and from Louisiana within income code A.

The descriptions on lines 11, 12, 15, 17 and 19 of Section VII are merely headers.

During 2010 I received a distribution within Value A from the Estate of William B. Stuessy.

During 2010 the guaranty of a liability owed to Community Banks of Colorado by JPFP:

LLC as shown in Section VI was paid in full.

During 2010 one certificate of deposit shown on line 4, Section VII of value M matured and was not renewed.

During 2010 CJS Denver Holdings, LLC (line 39, Section VII) ceased operating and went broke and out of business.

MHB Enterprises reported on line 40 was comprised of three components: MHB Enterprises, MHB Acquisition Opportunity Fund, and Mile High Flea Market.

The 2010 income and the 2010 year end value shown on line 40, Section VII is the combined 2010 income and year end value of all three components. During

2010 MHB Acquisition Opportunity Fund fully matured and as of the end of 2010 it no longer existed.

During 2010 on various dates there were sales or withdrawals of U.S. Treasury Notes (Line 3, Section VII) in a total amount within value L resulting ina year in

value of N for the remaining Treasury Notes.

My 2009 Report incorrectly reported overriding royalty and royalty interests in Arapahoe County, Colorado on line 18, Section VII. This 2010 Report correctly

shows on line 18, Section VII no ORRI or RI interest in Arapahoe County, Colorado. The only mineral interest in Arapahoe County, Colorado is a working

interest as reported on line 21, Section VII of the 2009 Report and this 2010 Report. During 2010, no income was received from the well in Arapahoe County

although JPFP LLC still owned an interest in the well at the end of 2010.

My 2009 Report incorrectly reported on line 20, Section VII working interests inf wells in Adams County, Colorado. JPFP LLC actually had interests inf wells

in Adams County, Colorado. This 2010 Report has been corrected to show

dams County wells on line 20, Section VII.