Offer to Purchase from Contrarian Funds, L.L.C.

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Contrarian Funds, L.L.C. (”Contrarian”) has made an Offer to Purchase up to 19,745,000 Units of Life Partners Position Holder Trust ( “PHT units”) and up to 35,545,000 Units of Life Partners IRA Holder Partnership, LLC (“IRA Partnership units”) at a price of $0.16 per unit for the PHT and IRA Partnership units. Contrarian has mailed you documents related to the …