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2625893 18 3109178 0 9160343 0 9160343 0 0 0 0 0 0 0 0 0 0 X X 1 LEONARD TOW 50 LOCUST AVENUE NEW CANAAN CT 068404737 205971951 X X 1 SECURITIES 197612924 2021-11-30 TAX SERVICES 12953 6477 6476 FORM 990PF, PART VII-B LINE 1(A)3 & 4: THE ORGANIZATION PAYS COMPENSATION TO ONE OF ITS BOARD MEMBERS FOR HER DUTIES AS PRESIDENT OF THE ORGANIZATION. IN ADDITION THE ORGANIZATION REIMBURSES THIS BOARD MEMBER FOR ORDINARY AND NECESSARY BUSINESS EXPENSES. THIS MEETS THE DEFINITION OF SELF-DEALING AND AS SUCH, PART VII-B QUESTIONS 1A(3 AND 4) HAVE BEEN ANSWERED YES. HOWEVER, THE PAYMENTS ARE REASONABLE AND NOT EXCESSIVE. THE PAYMENT DOES NOT FAIL TO QUALIFY AS AN EXCEPTION AND THEREFORE PART VII-B QUESTION 1B HAS BEEN ANSWERED NO. FIRST REPUBLIC FIXED INCOME - CORP. 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