DEBT WORKOUTS: Mr. Pace has multiple speaking engagements in the first quarter of 2009 regarding debt
workouts involving real property and limited liability companies. He would be glad to speak to your firm or organization
on that topic. The IRS recently issued proposed regulations regarding the contribution of debt to tax partnerships in
exchange for capital and profits interests in the partnership. Mr. Pace presented a paper on that topic to the IRS in
2007 and he believes that his paper contributed substantially to the issuance of the regulations.
V. JUDSON KLEIN AWARD: On November 8, 2008, the Taxation Section of the California State Bar
presented the V. Judson Klein Award to Mr. Pace in San Francisco, California at its annual meeting. The Taxation
Section presents the Award each year to a tax practitioner in mid-career who purportedly possesses a keen and imaginative
intellect, a true passion for the law and great personal integrity. Needless to say, Mr. Pace is deeply honored by this
tribute of his peers. He thanks each and everyone who has contributed to his career.
PARTNERSHIPS AND LLCS: On November 29, 2007, Mr. Pace spoke at Chapman College on the Rosecrans
cooridor to the the South Bay group of the Los Angeles Chapter of the California CPA Society on limited partnerships and limited
liability companies. Mr. Pace is making his presentation with Steve Carvel, a South Bay estate planning attorney.
The presentation discussed federal and California income tax, property tax and gift and estate tax issues involved in
using those entities for making gifts of interests to family members.
PARTNERSHIP TAX: On November 6, 2007, Mr. Pace spoke at 2007 Tax Night, a program sponsored
by the Taxation Section of the Los Angeles County Bar Association and the Los Angeles Chapter of the California CPA Society. The
program was entitled "Commentaries on Current Issues Regarding the Taxation of Partnerships and Disregarded Entities."
Mr. Pace made his presentation with Al DeLeo, a partner at Cox, Castle & Nicholson LLP. The presentation discussed
federal and California income tax issues related to forming partnerships with debt, issuing partnership interests for services,
partnership mergers, partnership liability allocations and payroll tax issues of single member limited liability companies.
LLCs: On June 22, 2007, Mr. Pace spoke at Whittier Law School regarding limited
liability companies. The presentation was part of a day long series of presentations sponsored by the Income/Other Committee
of the Taxation Sectoin of the California State Bar. Mr. Pace made his presentation with Kent Burton, a South
Bay corporate and real estate attorney from Baker, Burton & Lundy, A PC. The presentation discussed practical
issues confronted in drafting operating agreements and in forming, operating and dissolving California, Delaware and Nevada
limited liability companies. The presentation also discussed federal and California income tax issues and differences
in various business entities.
S CORPORATIONS AND LLCs: On November 3, 2006, Mr. Pace made two presentations at the Annual
Meeting of the Taxation Section of the California State Bar in San Jose, California. His first presentation was on pitfalls
and traps for the unwary regarding the acquisition, disposition and reorganization of S corporations. His second
presentation was on the California LLC fee. He made the second presentation with Ed Antolin, counsel for NW Energetic
Services and Ventas Finance I, and Brian Toman, former chief counsel of the Franchise Tax Board.
PRACTICE OPENED: On November 1, 2006, Mr. Pace opened his own law practice. He
thanks all of his clients, referral sources, professional colleagues, friends, family and relatives for their unwavering support.
Mr. Pace expects to continue his law practice without interruption and to provide a high level of "hands on" professional
services.