EFTA01840267

Mar-Z2-2012 11:45 AM Academic Affairs 9728836764 1/2 Rese not Lou '-ixtbraee-7 3 4 5 6 7 8 9 10 1i 12 13 14 15 16 17 18 19 20 • 21 22 23 24 25 26 27 28 prudent investments, with respect to any one or more of the Family Investments. The Trustees may, but are not required to, take into account the Family Investments when determining and implementing an asset allocation policy for the Trust, providing sufficient information regarding partnership assets is provided to the Trustees. However, if the Trustors (or Trustor if only one Truster is living and has legal capacity) direct in a writing delivered to the Trustees that there shall be a sale or other disposition of any one or more of the Family Investments, the Trustees shall follow that written direction. The Trustees shall not be liable to any beneficiary or other person for following such written direction. In the event of a liquidating distribution from the Zaffaroni Family Partnership, the Trustees shall agree upon those securities which constitute Family Investments, if any. As used herein, "Family Investments" shall mean limited partnership interests in ZAFFARONI Family Partnership, investments in privately held of publicly-traded stock issued by companies in which the Trustors played key roles as founders or otherwise. including, but not limited to, Oxonica PLC Ordinary shares (private placement) and Xenoport, Inc., and securities issued by Digital Arts/Galleay Systems, Alivita, Inc., and Tecimegen Managers, LW." 2. Approval of Waivers of Accounting and Consent to etition. For good ca 's- appearing, the consents to the underlying petition and the waivers of accounting by (0 VERA SPRINKEL, as court-appointed Conservator of the estate of income beneficiary ELISA ZAFFARONI; (ii) ELISA ZAFFARONI, income beneficiary; (iii) LIDA ZAFFARONI, as the court-appointed Guardian Ad Litem for ELISA ZAFFARONI's unascertained issue; (iv) MRS. LIDA ZAFFARONI and DR. ALEJANDRO C. ZAFFARONI, as Trusters; (v) ALEJANDRO PETER ZAFFARONI, an adult remainder beneficiary, and (vi) CHARLES ALEJANDRO ZAFFARONI, an adult remainder beneficiary, for all periods prior to July 30, 2008 are hereby approved and ratified. 3. Release of Liability and Affirmation of Transactions. For good cause appearing, the releases of liability and affirmations of transactions by (i) VERA SPRINKEL, as court-appointed Conservator of the estate of ELISA ZAFFARONI; ELISA ZAFFARONI, income beneficiary; (iii) LIDA ZAFFARONI as the court-appointed Guardian Ad Litem for ELISA ZAFFARONPs unascertained issue; (iv) MRS. LIDA ZAFFARONI and DR. ALEJANDRO C. ZAFFARONI, as Trusters; (v) ALEJANDRO PETER ZAFFARONI, an adult remainder beneficiary, and (vi) CHARLES ALEJANDRO 70I161238O - 12 - ORDER APPROVING MODIFICATION OF TRUST EFTA_R 1 _00224829 EFTA01840267 nar - CL - ClilL 11:46 AM Academic Affairs 9728836764 2 / 2 • 2 3 4 5 • 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 (c. I I ZAFFARONI, an adult remainder beneficiary, to release Petitioners and discharge them from liability pursuant to California Probate Code §16464 are hereby approved and ratified. IT IS SO ORDERED. DATED: Submitted by. if* mAt , 2008 T. SCHOKNECHT Attorneys for Petitioners MATILDA NIERI and ANA LEECH Approv as to form: bed B Esq., Attorney for ELISA ZAFFARONI 0,,;4 irestA Judge of the Superirjr Court • in, Esq., Attorney for JANDRO PETER ZAFFARONI and CHARLES David Packard, Esq., Attorney for James Mitchell, Esq., Attorney for VERA SPRINKEL, Conservator of the DR. ANDRO C. ZAFFARONI, Estate of ELISA ZAFFARONI LID FARONI, and LIDA ZAFFARON1 in her acity as Guardian Ad Litem 7011612.3sys • - 13 - ORDER APPROVING MODIFICATION OF TRUST EFTA R1 00224830 EFTA01840268