Special Hearing Conservator June

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					                     MINUTES - SPECIAL MEETING NO. 08-06-30
                           June 30, 2008 - 12:00 p.m.

                       New Jersey Casino Control Commission
                  Joseph P. Lordi Public Meeting Room - First Floor
                           Tennessee Avenue & Boardwalk
                              Atlantic City, New Jersey

PRESIDING:   Chair Linda M. Kassekert

PRESENT:     Vice Chair William T. Sommeling and Commissioners Michael C. Epps,
             Michael A. Fedorko and Ralph G. Frulio

     Subsequent to the reading of a statement of compliance with the notice
     of the Open Public Meetings Act the Commission considered and took formal action
     on the following matters:

     Considered the petition of Trustee and Conservator for Adamar of New Jersey, Inc.,
     seeking approval to hire Co-Investment Advisors (1680802)

     The Commission received into evidence exhibits P-1 to P-2 from the Conservator and
     exhibit D-1 from the Division of Gaming Enforcement.

     The commission considered the written submissions, and oral arguments presented
     and issued the following rulings:

     By a vote of 4-1 (Commissioner Epps dissented) adopted the draft Order and issued
     the following rulings:

     granted Justice Gary S. Stein, Trustee and Conservator, permission to retain Moelis &
     Company and JP Morgan as his financial Co-Advisors, to the extent set forth and
     subject to the conditions in the draft Order, including:
Minutes of the Open Public Meeting
June 30, 2008
Page 2

       1.      the submission by July 9, 2008, of the final drafts of all permanents
               agreements for my review under delegated authority and the assignment of
               the January Bear Stearns agreements to JP Morgan Securities, Inc.; and

       2.      the submission by 5 p.m. on July 1, 2008, a vendor registration form for JP
               Morgan Securities, Inc.

       (ruling number 08-06-30-1; transcript pages 1-32).

       There being no members of the public to address the Commission, the meeting
       adjourned at 12:38 p.m.

*Lists of individuals acted upon at this meeting have been documented by exhibit number.
Commission rulings are documented in orders or resolutions. These lists, rulings and official
transcripts are available for public review at the Commission offices located at the corner of
Tennessee Avenue and the Boardwalk, Atlantic City, New Jersey.

These minutes remain subject to amendment until such time as they are formally ratified by
the New Jersey Casino Control Commission.


I, Dianna W. Fauntleroy, Executive Secretary of the New Jersey Casino Control Commission,
DO HEREBY CERTIFY that the foregoing Minutes of the Open Session conducted on June
30, 2008, are true and correct.

                                            Dianna W. Fauntleroy, Esq.
                                                 Executive Secretary