Joseph Eron Irenas

V.inneano is Associates, Lic See Comment 3 — Rent

Middletown Twp. NJ Bd. Ed. T/O, Dated 02/15/01; Due 08/01/27 20 Fice'ity "RA; See Comment A PE Fice ity Retirement Money Mar cet — Interest

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A. (Item 20) McCarter & English maintained a KEOGH Retirement Plan for all partners in the firm. When I withdrew from the firm,

my interest in the plan was segregated into a separate account so that it is managed at my sole discretion distinctly apart from the firm’s

general retirement plan. Effective January 1, 1996, all participants in the plan were required to invest their accounts in one of ten

mutual funds offered by Fidelity Investments, Boston, Massachusetts. Each fund participant was permitted to switch back and forth

between any of these funds, but could not otherwise choose other investments. As with all mutual funds, actual investments are

controlled by fund managers. Effective May 8, 2002, I withdrew from the McCarter & English plan and rolled over my entire account

into an individual IRA where I was permitted to choose investments other than Fidelity funds. However, I made no change in the

particular Fidelity funds in which I have been invested although in 2004 I did transfer Money Market funds into a specific investment

selected by me (No. 26 ). In Part VII, I have listed values for the IRA as a whole and below that I have listed the specific funds or

assets in which I am invested. I am doing that pursuant to the instructions given in correspondence from the Committee dated August

6, 2002.

Item No. 20 represents the value for the entire IRA. Items 21-26 represent component parts of the IRA. I gather it is not

required to complete Columns B and C for the individual component parts. However, I have provided individual information for No.

26, even though this amount isalso included in the entire IRA total in No. 20.

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B. (Item 18) For many years, I listed as a liability an old investment in a real estate limited partnership investment known as

Minneapolis Associates, Ltd. My account had a substantial negative basis and I had been advised by my accountant that there was a

risk of tax recapture liability. In the year 2001, I received an offer to purchase my interest in Minneapolis Associates, notwithstanding

its substantial negative basis. I also received in past years two cash distributions. Thus, I have removed Minneapolis Associates asa

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liability and listed it as an asset with the appropriate value code. I have also reported the income shown on my K-1, although there was

no actual cash distribution.

C. (Item 12) Erroneously reported on previous reports as “Point Pleasant” School District.

D. (Item 30) Before I became a Judge, I had created a life insurance trust to which I transferred four policies, three issued by Mass

Mutual and one by Northwestern Mutual. Depending on circumstances, my QoS! be beneficiaries of the trust when |