The Adorno Asset Management Trust - Page 11

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               corporations, or other such properties, companies, or                  
               associations as they may deem advantageous.                            
                  *       *       *       *       *       *       *                   
               OFFICERS AND MANAGEMENT: The Directors may in their                    
               discretion elect among their number an Executive                       
               Director, Secretary Director, and Treasurer Director                   
               * * *.  Directors may hold two or more offices                         
               simultaneously * * *                                                   
                  *       *       *       *       *       *       *                   
               IN WITNESS WHEREOF the Creator hereof and Investor                     
               hereto and the Acceptors hereof * * * have hereunto set                
               their hands and seals * * *                                            
               /s/                                                                    
               Alicia Gloyeske, Creator                                               
               /s/                                                                    
               Edwin R. Adorno, Investor                                              
               /s/                                                                    
               Alicia Gloyeske, Director [13]                                         
          The purported trust instrument does not list the name of a                  
          “trustee” for Adorno Asset nor make any reference to a “trustee”.           
          Further, none of the provisions of the purported trust instrument           
          grant the director the power to litigate on behalf of Adorno                
          Asset.                                                                      




               13  We note that the trust instrument was notarized by a               
          Lorenzo Fiol (Mr. Fiol).  At the beginning of the hearing, Mr.              
          Adorno appeared at counsel table with (Mr. Fiol), whom Mr. Adorno           
          identified as his accountant.  The Court directed Mr. Fiol to sit           
          in the gallery behind counsel table.  However, Mr. Adorno                   
          persisted to disrupt the proceedings by communicating with Mr.              
          Fiol over the gallery railing, whereupon the Court directed Mr.             
          Fiol to sit in the rear of the courtroom.                                   





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Last modified: May 25, 2011