HODGES AND ASSOCIATES – August 20, 2010

HODGES AND ASSOCIATES

A PROFESSIONAL LAW CORPORATION

A. CLIFTON HODGES                                                                                                                                                                               4 EAST HOLLY STREET
JAMES S. KOSTAS                                                                                                                                                                     SUITE 202
DONALD W. RICKETTS*                                                                                                                                                             PASADENA, CA. 91103
TEL  (626) 564-9797

* OF COUNSEL                                                                                                                                                                             FAX  (626) 564-9111

August 20, 2010

VIA FACSIMILE

(704) 386-6699

Brian T Moynihan
President and Chief Executive Officer
Bank of America Corporation
100 North Tryon Street
Charlotte, NC 28255

Re:       World Global Settlements Pay-Out

Dear Mr. Moynihan:

As you have been advised, I have been retained by Mr. Lindell H. Bonney, Sr. to collect certain funds currently being held by Bank of America, in which he has an ownership and/or a fiduciary interest.  Pursuant to my written notice to you of August 19, 2010, Mr. Bonney, and his assistant Dana Wilcox, arrived at the 1111 East Main Street, Richmond, VA branch at 10:00 AM this morning for the purpose of completing his business with all of these matters.  I had specifically requested that an authorized officer of the Bank be available to accommodate Mr. Bonney and his assistant for the express purpose of facilitating collection of all funds currently being held for him, for Argo Trust Corporation, and for certain other payees.

Your representatives were unable to assist Mr. Bonney in any useful manner notwithstanding the fact that he had, in his personal possession, all necessary personal identification and authorizations.  In view of your inability and/or unwillingness to accommodate disbursement of these funds, please be advised that the Bank of America will be charged a total of three percent (3%) interest for each day that these funds are withheld.  When the Bank is desirous of terminating these charges, please contact me directly.

Very truly yours,

HODGES AND ASSOCIATES
A. CLIFTON HODGES

ACH/gm

Cc:      Bank of America; Richmond, VA Branch
Mr. Lindell H. Bonney, Sr.
Lynwood Maddox, Esq.

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