Dear Mr.

Mr. Goerner will likely address this in his next shareholder letter, but briefly the response is that there is no legal requirement for Patriot to designate a chairman. As it stands, there is an Executive Committee, chaired by Carlton Johnson, that has assumed the functions normally handled by a single Chairman, and Mr. Goerner is responsible for coordinating the meetings as a non-Board executive. The current structure is working well, and from a legal standpoint, the entire Board individually and as a group is responsible for looking out for the shareholder interests.

I hope this is helpful.

Angela Hartley

Investor Relations