EFTA01545008

June 01, 2007 - June 29, 2007 NES, LLC Primary Account Number: Total enclosures: 77 Page 1 of 22 6001000000417 967 000 PB NES, LLC NEW YORK STRATEGY GROUP 457 MADISON AVENUE, 4TH FLOOR NEW YORK NY 10022 Your JPMorgan Private Bank Team: FRANCISCO VILLACIS MELISSA DALTON (888) 207-5225 Private Bank ServiceLine For assistance after business hours, 7 days a week. (800) 243-6727 Relationship Banking Summary Deposit Accounts Business Checking Description Total Number Opening Balance $70,239.78 Total Credits $500,000.00 Total Debits $254,483.78 Ending Balance $315,756.00 $315,756.00 JPMorgan Chase Bank, N.A. EFTA01545008 June 01, 2007 - June 29, 2007 NES, LLC Primary Account Number: Page 2 of 22 Business Checkin Account Number NES, LLC Summary Opening Balance Deposits and Credits Checks, Withdrawals and Debits Ending Balance Activity Date $70,239.78 $500,000.00 $254,483.78 $315,756.00 Description Debit Opening Balance Jun 01 Internal Funds Transfer FUNDS TRANSFERRED FROM DDA AC# TO DDA AC# As reque sted Jun 01 Jun 01 Jun 04 Jun 04 Jun 04 Jun 05 Jun 05 Jun 05 Jun 05 Jun 05 Jun 05 Jun 05 Jun 06 Jun 06 Jun 06 Jun 06 Jun 06 Jun 06 Jun 06 Jun 06 Jun 07 Jun 08 Jun 08 Jun 08 EFTA01545009 Jun 08 Check Paid # 23324 Check Paid # 23328 Check Paid # 23316 Check Paid # 23317 Check Paid # 23318 Check Paid # 22982 Check Paid # 22983 Check Paid # 22984 Check Paid # 22985 Check Paid # 23346 Check Paid # 23360 Check Paid # 23363 Electronic Funds Transfer ADP TX/FINCL SVC Re: ADP - TAX Ref: 66TPW 060722A01 Electronic Funds Transfer ADP TX/FINCL SVC Re: ADP - TAX Ref: 533007111313TPW Check Paid # 23355 Check Paid # 23357 Check Paid # 23358 Check Paid # 23359 Check Paid # 23361 Check Paid # 23362 Electronic Funds Transfer ADP TX/FINCL SVC Re: ADP - TAX Ref: 66TPW 060722V01 Check Paid # 22757 Check Paid # 23321 Check Paid # 23353 Check Paid # 23354 $133.30 $100.88 $804.00 $2,602.08 $2,287.25 $736.00 $828.00 $828.00 $837.05 $837.05 $1,040.00 $20.76 $29,001.01 $53,586.23 $104.68 $50.26 $111.52 $50.26 $2,800.00 EFTA01545010 $4,000.00 $5,223.08 $10,797.48 $97.60 $1,652.00 $872.27 $170,106.48 $170,005.60 $169,201.60 $166,599.52 $164,312.27 $163,576.27 $162,748.27 $161,920.27 $161,083.22 $160,246.17 $159,206.17 $159,185.41 $130,184.40 $76,598.17 $76,493.49 $76,443.23 $76,331.71 $76,281.45 $73,481.45 $69,481.45 $64,258.37 $53,460.89 $53,363.29 $51,711.29 $50,839.02 Credits $100,000.00 Balance $70,239.78 $170,239.78 EFTA01545011 June 01, 2007 - June 29, 2007 NES, LLC Primary Account Number: Page 3 of 22 Business Checkin Account Number NES, LLC Activity Date Jun 08 Jun 11 Jun 11 Jun 12 Jun 12 Jun 12 Jun 13 Jun 15 Jun 15 Jun 20 Jun 20 Jun 20 Jun 20 Jun 21 Jun 21 Jun 21 Jun 22 (cont.) Description Debit Check Paid # 23356 Check Paid # 23344 Check Paid # 23365 Electronic Funds Transfer CON ED OF NY Re: INTELL CK Ref: 844131510000014 Check Paid # 22986 Check Paid # 23366 Electronic Funds Transfer ADP PAYROLL FEES Re: ADP - FEES Ref: 13TPW 3940927 Internal Funds Transfer FUNDS TRANSFERRED FROM DDA AC# TO DDA AC# Check Paid # 23367 Electronic Funds Transfer ADP TX/FINCL SVC Re: ADP - TAX Ref: 66TPW 062124A01 Electronic Funds Transfer ADP TX/FINCL SVC Re: ADP - TAX Ref: 788011328516TPW EFTA01545012 Check Paid # 23368 Check Paid # 23379 Electronic Funds Transfer ADP TX/FINCL SVC Re: ADP - TAX Ref: 66TPW 062124V01 Check Paid # 23384 Check Paid # 23386 Internal Funds Transfer FUNDS TRANSFERRED FROM DDA AC# IIII IIIII TO DDA AC# As reque sted Jun 22 Jun 22 Jun 22 Jun 22 Jun 22 Jun 22 Jun 22 Jun 22 Jun 22 Jun 22 Jun 25 Jun 25 Check Paid # 23371 Check Paid # 23372 Check Paid # 23373 Check Paid # 23374 Check Paid # 23375 Check Paid # 23385 Check Paid # 23393 Check Paid # 23397 Check Paid # 23398 Check Paid # 23400 Check Paid # 22987 Check Paid # 23369 $1,695.16 $66.93 $36.32 $34.79 $36.84 $108.38 $54.03 $71.23 $35.82 $34.06 $536.33 $1,635.14 $148,169.80 $148,102.87 $148,066.55 $148,031.76 EFTA01545013 $147,994.92 $147,886.54 $147,832.51 $147,761.28 $147,725.46 $147,691.40 $147,155.07 $145,519.93 $212.29 $28,225.84 $54,375.94 $15.24 $251.89 $5,223.07 $961.09 $950.00 $100,000.00 $495.00 $227.17 $493.50 $7,533.01 $1,800.00 $87.21 $122.81 $100,000.00 Credits Balance $50,344.02 $50,116.85 $49,623.35 $42,090.34 $40,290.34 $40,203.13 $40,080.32 $140,080.32 $139,868.03 $111,642.19 $57,266.25 $57,251.01 $56,999.12 $51,776.05 $50,814.96 $49,864.96 $149,864.96 EFTA01545014 June 01, 2007 - June 29, 2007 NES, LLC Primary Account Number: Page 4 of 22 Business Checkin Account Number NES, LLC Activity Date Jun 25 Jun 25 Jun 25 Jun 25 Jun 25 Jun 25 Jun 25 Jun 25 Jun 25 Jun 25 Jun 25 Jun 25 Jun 26 Jun 26 Jun 26 Jun 26 Jun 26 Jun 26 Jun 26 Jun 26 Jun 27 Jun 27 Jun 27 Jun 27 Jun 28 (cont.) Description Debit Check Paid # 23370 Check Paid # 23376 Check Paid # 23377 Check Paid # 23381 Check Paid # 23383 Check Paid # 23392 Check Paid # 23394 Check Paid # 23395 Check Paid # 23396 Check Paid # 23399 Check Paid # 23401 Check Paid # 23404 Check Paid # 23378 EFTA01545015 Check Paid # 23387 Check Paid # 23388 Check Paid # 23389 Check Paid # 23390 Check Paid # 23406 Check Paid # 23407 Check Paid # 23410 Electronic Funds Transfer ADP PAYROLL FEES Re: ADP - FEES Ref: 13TPW 4401134 Check Paid # 23402 Check Paid # 23408 Check Paid # 23409 Internal Funds Transfer FUNDS TRANSFERRED FROM DDA AC# IIII IIIII TO DDA AC# Letter f rom client Jun 28 Jun 28 Jun 28 Jun 28 Jun 28 Jun 29 Jun 29 Jun 29 Jun 29 Jun 29 Electronic Funds Transfer CON ED OF NY Re: INTELL CK Ref: 427009026500021 Check Paid # 23382 Check Paid # 23411 Check Paid # 23412 Check Paid # 23413 Check Paid # 23403 Check Paid # 23414 Check Paid # 23415 Check Paid # 23416 Check Paid # 23418 $14,696.96 $106.63 $68.82 $229.60 $108.19 $743.34 $50.26 $111.52 $64.80 $1,836.68 $319,912.89 $319,806.26 EFTA01545016 $319,737.44 $319,507.84 $319,399.65 $318,656.31 $318,606.05 $318,494.53 $318,429.73 $316,593.05 $118.89 $50.26 $50.26 $2,960.00 $110.40 $50.26 $60.73 $107.14 $86.28 $53.35 $78.03 $64.22 $1,614.75 $107.00 $406.41 $758.61 $2,079.07 $51.12 $67.82 $201.14 $122.81 $950.00 $662.20 $99.33 $200,000.00 Credits Balance $145,401.04 $145,350.78 $145,300.52 $142,340.52 $142,230.12 $142,179.86 $142,119.13 $142,011.99 $141,925.71 $141,872.36 $141,794.33 $141,730.11 $140,115.36 $140,008.36 $139,601.95 $138,843.34 EFTA01545017 $136,764.27 $136,713.15 $136,645.33 $136,444.19 $136,321.38 $135,371.38 $134,709.18 $134,609.85 $334,609.85 EFTA01545018 June 01, 2007 - June 29, 2007 NES, LLC Primary Account Number: Page 5 of 22 Business Checkin Account Number NES, LLC Activity Date Jun 29 (cont.) Description Debit Check Paid # 23419 Ending Balance Checks Paid Check 22757 22982 22983 22984 22985 22986 22987 23316 23317 23318 23321 23324 23328 23344 23346 23353 23354 23355 23356 23357 23358 23359 23360 23361 23362 23363 * Date * * * * * EFTA01545019 * * Jun 08 Jun 05 Jun 05 Jun 05 Jun 05 Jun 12 Jun 25 Jun 04 Jun 04 Jun 04 Jun 08 Jun 01 Jun 01 Jun 11 Jun 05 Jun 08 Jun 08 Jun 06 Jun 08 Jun 06 Jun 06 Jun 06 Jun 05 Jun 06 Jun 06 Jun 05 Total Checks Enclosed Checks: 77 Fees and Charges for Business Accounts We value your relationship with JPMorgan Private Bank. You were not charged for services this statement period. Thank You. *Gap in check sequence Amount Check $10,797.48 $736.00 $828.00 $828.00 $837.05 $1,800.00 $536.33 $804.00 $2,602.08 $2,287.25 $97.60 $133.30 $100.88 $227.17 $837.05 EFTA01545020 $1,652.00 $872.27 $104.68 $495.00 $50.26 $111.52 $50.26 $1,040.00 $2,800.00 $4,000.00 $20.76 23365 23366 23367 23368 23369 23370 23371 23372 23373 23374 23375 23376 23377 23378 23379 23381 23382 23383 23384 23385 23386 23387 23388 23389 23390 23392 Date * Jun 11 Jun 12 Jun 15 Jun 20 Jun 25 Jun 25 Jun 22 Jun 22 Jun 22 Jun 22 EFTA01545021 Jun 22 Jun 25 Jun 25 Jun 26 Jun 20 Jun 25 Jun 28 Jun 25 Jun 21 Jun 22 Jun 21 Jun 26 Jun 26 Jun 26 Jun 26 Jun 25 Amount Check $493.50 $87.21 $212.29 $15.24 $1,635.14 $118.89 $1,695.16 $66.93 $36.32 $34.79 $36.84 $50.26 $50.26 $1,614.75 $251.89 $2,960.00 $106.63 $110.40 $961.09 $108.38 $950.00 $107.00 $406.41 $758.61 $2,079.07 $50.26 23393 23394 23395 23396 23397 23398 23399 23400 EFTA01545022 23401 23402 23403 23404 23406 23407 23408 23409 23410 23411 23412 23413 23414 23415 23416 23418 23419 Date * * Jun 22 Jun 25 Jun 25 Jun 25 Jun 22 Jun 22 Jun 25 Jun 22 Jun 25 Jun 27 Jun 29 Jun 25 Jun 26 Jun 26 Jun 27 Jun 27 Jun 26 Jun 28 Jun 28 Jun 28 Jun 29 Jun 29 Jun 29 Jun 29 Jun 29 Amount $54.03 $60.73 $107.14 $86.28 $71.23 EFTA01545023 $35.82 $53.35 $34.06 $78.03 $950.00 $743.34 $64.22 $51.12 $67.82 $662.20 $99.33 $201.14 $68.82 $229.60 $108.19 $50.26 $111.52 $64.80 $1,836.68 $837.05 $56,373.02 $837.05 $254,483.78 $500,000.00 $315,756.00 Credits Balance $315,756.00 EFTA01545024 June 01, 2007 - June 29, 2007 NES, LLC Primary Account Number: Page 6 of 22 Important Information about Your Statement Accounts are subject to the General Terms For Accounts and Services and applicable appendices and account agreements. Your accounts, unless otherwise indicated on the statement, are held by JPMorgan Chase Bank, N.A. (the "Bank"). Deposit accounts held at the Bank, including checking, savings, CD, and money market accounts, are FDIC insured. In Case of Errors or Questions About Your Electronic Funds Transfers (personal accounts only) Telephone or write to the Bank if you think your statement or receipt is wrong, or if you need more information about an electronic transaction on a statement or receipt. The phone number for inquiries is printed on the front of this statement. The address for inquiries appears below. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. • • Tell us your name and account number. Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. • Tell us the dollar amount of the suspected error. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days to do this (20 business days for transactions outside the U.S. and point-of-sale transactions), we will recredit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation. In Case of Errors or Questions About Non Electronic Transfers Please examine your account at once. If you feel an error has taken place or have questions concerning a non-electronic transaction, telephone or write us within 30 days. The phone number is printed on the front of this statement. The address appears above. If no report is received within this period, your account will be considered correct. Mutual Funds/Securities Securities (including Mutual Funds) and annuities are not bank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPMorgan Chase Bank, N.A. or its affiliates or any federal or state government or government agency or government sponsored agency. Securities (including mutual funds) and annuities involve investment risks, including the possible loss of the principal amount invested. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase Bank, N.A.. JPMorgan Chase Bank, N.A., and its affiliates receive compensation from JPMorgan Funds for providing services. Read the JPMorgan Funds prospectuses EFTA01545025 carefully for details, including fees and expenses, before investing or sending money. JPMorgan Select Shares of the Connecticut Daily Tax Free Income Fund, Inc. and JPMorgan Select Shares of the New Jersey Daily Municipal Income Fund, Inc. are not part of, or affiliated with, the JPMorgan Family of Mutual Funds. Reich & Tang Distributors Inc. and Reich & Tang Asset Management L.P., which are unaffiliated with JPMorgan, are the funds' distributors and investment advisor, respectively. Reich & Tang Distributors Inc. is a member NASD. IRA Accounts Accounts where the Bank serves as trustee or as discretionary investment manager for an ERISA plan or an IRA that hold Fiduciary Shares (as described below) do not bear any portion of investment, administrative, custodian or other charges paid to the Bank or its affiliates for services to the applicable JPMorgan Funds since these charges are subject to rebate as defined below. For accounts where the Bank serves as trustee, or discretionary investment manager for an ERISA plan or an IRA, which hold shares in the JPMorgan Funds other than Fiduciary Shares, the Bank receives fees for services from the JPMorgan Funds but waives account fees with respect to the funds so held. Fiduciary Shares are shares in the Select Shares class of JPMorgan Tax Aware Large Cap Value Fund, JPMorgan US Equity Fund, JPMorgan Tax Aware US Equity Fund, JPMorgan Tax Aware Large Cap Growth Fund, JPMorgan Mid Cap Equity Fund, JPMorgan Trust Small Cap Equity Fund, JPMorgan Fleming International Equity Fund, JPMorgan Short Term Bond Fund II, JPMorgan Bond Fund II, JPMorgan Tax Aware Enhanced Income Fund, JPMorgan Tax Aware Short-Intermediate Income Fund, JPMorgan Intermediate Tax- Free Income Fund, JPMorgan Tax-Free Income Fund, JPMorgan California Bond Fund, JPMorgan NY Intermediate Tax Free Income Fund and JPMorgan NJ Tax Free Income Fund held in the Bank's trust accounts or in the Bank's investment management accounts for ERISA plans or IRAs. "Rebate" means an amount returned by the Bank to the account which holds the Fiduciary Shares. The rebate amount represents the portion of servicing fees paid to the Bank by the mutual fund with respect to Fiduciary Shares. Please direct all inquiries to your Morgan Account Officer at JPMorgan Private Bank Client Service 500 Stanton Christiana Road, 1/OPS3 Newark, DE 19713-2107 EFTA01545026 June 29, 2007 June 01, 2007 - Page 7 of 22 Business Checking CHECK NO. 22757 $10,797.48 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/08 CHECK NO. 22982 $736.00 PAID 06/05 CHECK NO. 22983 $828.00 PAID 06/05 CHECK NO. 22984 $828.00 PAID 06/05 CHECK NO. 22985 $837.05 PAID 06/05 EFTA01545027 June 29, 2007 June 01, 2007 - Page 8 of 22 Business Checking CHECK NO. 22986 $1,800.00 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/12 CHECK NO. 22987 $536.33 PAID 06/25 CHECK NO. 23316 $804.00 PAID 06/04 CHECK NO. 23317 $2,602.08 PAID 06/04 CHECK NO. 23318 $2,287.25 PAID 06/04 EFTA01545028 June 29, 2007 June 01, 2007 - Page 9 of 22 Business Checking CHECK NO. 23321 $97.60 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/08 CHECK NO. 23324 $133.30 PAID 06/01 CHECK NO. 23328 $100.88 PAID 06/01 CHECK NO. 23344 $227.17 PAID 06/11 CHECK NO. 23346 $837.05 PAID 06/05 EFTA01545029 June 29, 2007 June 01, 2007 - Page 10 of 22 Business Checking CHECK NO. 23353 $1,652.00 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/08 CHECK NO. 23354 $872.27 PAID 06/08 CHECK NO. 23355 $104.68 PAID 06/06 CHECK NO. 23356 $495.00 PAID 06/08 CHECK NO. 23357 $50.26 PAID 06/06 EFTA01545030 June 29, 2007 June 01, 2007 - Page 11 of 22 Business Checking CHECK NO. 23358 $111.52 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/06 CHECK NO. 23359 $50.26 PAID 06/06 CHECK NO. 23360 $1,040.00 PAID 06/05 CHECK NO. 23361 $2,800.00 PAID 06/06 CHECK NO. 23362 $4,000.00 PAID 06/06 EFTA01545031 June 29, 2007 June 01, 2007 - Page 12 of 22 Business Checking CHECK NO. 23363 $20.76 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/05 CHECK NO. 23365 $493.50 PAID 06/11 CHECK NO. 23366 $87.21 PAID 06/12 CHECK NO. 23367 $212.29 PAID 06/15 CHECK NO. 23368 $15.24 PAID 06/20 EFTA01545032 June 29, 2007 June 01, 2007 - Page 13 of 22 Business Checking CHECK NO. 23369 $1,635.14 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/25 CHECK NO. 23370 $118.89 PAID 06/25 CHECK NO. 23371 $1,695.16 PAID 06/22 CHECK NO. 23372 $66.93 PAID 06/22 CHECK NO. 23373 $36.32 PAID 06/22 EFTA01545033 June 29, 2007 June 01, 2007 - Page 14 of 22 Business Checking CHECK NO. 23374 $34.79 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/22 CHECK NO. 23375 $36.84 PAID 06/22 CHECK NO. 23376 $50.26 PAID 06/25 CHECK NO. 23377 $50.26 PAID 06/25 CHECK NO. 23378 $1,614.75 PAID 06/26 EFTA01545034 June 29, 2007 June 01, 2007 - Page 15 of 22 Business Checking CHECK NO. 23379 $251.89 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/20 CHECK NO. 23381 $2,960.00 PAID 06/25 CHECK NO. 23382 $106.63 PAID 06/28 CHECK NO. 23383 $110.40 PAID 06/25 CHECK NO. 23384 $961.09 PAID 06/21 EFTA01545035 June 29, 2007 June 01, 2007 - Page 16 of 22 Business Checking CHECK NO. 23385 $108.38 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/22 CHECK NO. 23386 $950.00 PAID 06/21 CHECK NO. 23387 $107.00 PAID 06/26 CHECK NO. 23388 $406.41 PAID 06/26 CHECK NO. 23389 $758.61 PAID 06/26 EFTA01545036 June 29, 2007 June 01, 2007 - Page 17 of 22 Business Checking CHECK NO. 23390 $2,079.07 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/26 CHECK NO. 23392 $50.26 PAID 06/25 CHECK NO. 23393 $54.03 PAID 06/22 CHECK NO. 23394 $60.73 PAID 06/25 CHECK NO. 23395 $107.14 PAID 06/25 EFTA01545037 June 29, 2007 June 01, 2007 - Page 18 of 22 Business Checking CHECK NO. 23396 $86.28 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/25 CHECK NO. 23397 $71.23 PAID 06/22 CHECK NO. 23398 $35.82 PAID 06/22 CHECK NO. 23399 $53.35 PAID 06/25 CHECK NO. 23400 $34.06 PAID 06/22 EFTA01545038 June 29, 2007 June 01, 2007 - Page 19 of 22 Business Checking CHECK NO. 23401 $78.03 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/25 CHECK NO. 23402 $950.00 PAID 06/27 CHECK NO. 23403 $743.34 PAID 06/29 CHECK NO. 23404 $64.22 PAID 06/25 CHECK NO. 23406 $51.12 PAID 06/26 EFTA01545039 June 29, 2007 June 01, 2007 - Page 20 of 22 Business Checking CHECK NO. 23407 $67.82 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/26 CHECK NO. 23408 $662.20 PAID 06/27 CHECK NO. 23409 $99.33 PAID 06/27 CHECK NO. 23410 $201.14 PAID 06/26 CHECK NO. 23411 $68.82 PAID 06/28 EFTA01545040 June 29, 2007 June 01, 2007 - Page 21 of 22 Business Checking CHECK NO. 23412 $229.60 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/28 CHECK NO. 23413 $108.19 PAID 06/28 CHECK NO. 23414 $50.26 PAID 06/29 CHECK NO. 23415 $111.52 PAID 06/29 CHECK NO. 23416 $64.80 PAID 06/29 EFTA01545041 June 29, 2007 June 01, 2007 - Page 22 of 22 Business Checking CHECK NO. 23418 $1,836.68 NES, LLC JPMorgan Private Bank Primary Account Number: PAID 06/29 CHECK NO. 23419 $837.05 PAID 06/29 EFTA01545042