Document 3NmBoKJenZwaq4D99MVRmY4N3

SHS Oversight Committee Call Date: Nov. 9, 2006 Attendees: Trish ExxonMobil Brian Doll ExxonMobil Steve Bose ExxonMobil Michael Bird ExxonMobil Howard Feldman API Bruce Jarnot API Russ White API Patsy Clegg Shell Stuart Cagan Shell Mike Johnston ConocoPhillips Jennifer Galvin ConocoPhillips Mark Fitzsimmons Steptoe&Johnson ZackWong Chevron Don Burnett BP Establish quorum and note taker - Patsy DONE Review antitrust guidelines - Mark DONE Update on Dr. Irons' budget request - Jennifer o Decision: Budget Package (just recd. minutes after the call started) would be forwarded. DONE o Decision: Bring company decision or strong indication of direction on recd. budget to Dec. 13 mtg o Decision: S. Cagan will receive Otto Wong's budget for extending the study until 2007. Planning for the meeting in December - Zach o Decision: The OC decided to stay in San Francisco at the St Francis on Union Square. o Decision: Trish will organize the location of Wed. night dinner Update on University of Colorado financial review (cover letter attached) - Russ o Decision: The OC acknowledged receipt of the Financial Review. 3Q financial report - Russ It has been sent out, all comments should be returned to Russ. Update on contract renewals - Russ In progress or waiting for signatures for: o Herrick and Cherrie (10M) - signatures o Applied Health Sciences - signature o Fudan University - in progress o Steptoe&Johnson - in progress NOTE: Contracts expire 12/2007 between API and sponsoring companies. The committee reviewed and agreed to continue contracts with API (admin) and Steptoe&Johnson (legal) per prior agreement. Other business/next call - Patsy o Next Call: Friday, Nov. 17,2006, Russ to send out confirmatory email/call in numbers. SH ELL-MCCLU RG-058444