\ National Basketball Association Joel M.Litvin President League and Basketball Operations April 13, 2010 SENT BY EMAIL & REGULAR MAIL The Honorable Bill Pascrell, Jr United States House of Representatives 2464 Rayburn House Office Building Washington, D.C. 20515 Dear Representative Pascrell Jam in receipt of your letter of April 11, 2010 to Commissioner Stern, which appears to proceed from an inaccurate understanding of both the law and the facts. First, United States law does not prevent companies based in this country from doing business in Zimbabwe. Indeed, there are a variety of U.S. companies that regularly conduct business there. Federal law does prevent U.S. companies from doing business with select individuals and entities in Zimbabwe that are identified on a specific watch list. You, however, have identified no information demonstrating or even suggesting that Mikhail Prokhorov or any of his related companies conducts business with these individuals or entities, and we are not otherwise aware of any such information Second, the Executive Order that you cite does not even apply to Mr. Prokhorov, a Russian national, or his companies, which are not based in the United States. As a result, the NBA is continuing to move forward with Mr. Prokhorov's application for approval as new owner of the New Jersey Nets. Sincerely, nl foel M. Litvin JML:dd Gc: David Stern (iyo Tower» 645 Fifth Avenue » New York NY 10022» Main (212) 47-8000 irc (212) 407-964» Fax: (212) 47-7880 EmalivingDabacom