Prior Assignments — Setting and Industry

Please refer to the following tables which summarize past assignments from transactional and industry perspectives.

Acquisitions

Expansion Financings

Gift and Estate Planning and Tax

Fairness Opinions

Recapitalizations and Restructurings

Sales and Divestitures of Companies

Share Exchanges, Conversions or Repurchases

Stock Option Exercise Prices and Valuations

Other

Acquisitions

Industry Company Ownership Client

Agricultural Products Livestock identification equipment manufacturer and distributor Private Individual buyer

Educational Services Post—secondary technical school. Information technology, automotive and allied health curriculum Private Strategic buyer

Allied health technical school Private Strategic buyer

Post—secondary support services provider for students with special needs Private Strategic buyer

Large automotive technical school — certificate and associate degree programs Private Publicly—traded Business Development Company

Paralegal training school Private Private investors

Electrical Components Welding components manufacturer Private Individual buyer

Food Processing Branded and private label pet food manufacturer Subsidiary of public company Investor group

Branded meat products manufacturer Private Investor group

Industrial Distribution Construction tools and fasteners Private Private investor

Information Technology Software developer for assisting organizations with personnel relocations Private Management

Computer output microfilm records production for financial services and mutual fund sectors Private Individual buyer with institutional investor support — purchased from founder

Retirement Homes Multiple location nursing home chain Private Strategic buyer

Specialty Chemical Maintenance and cleaning chemical supplier to heath care sector Private Management, strategic partner and private equity group

Sporting Goods Manufacturing Bass boat manufacturer Private Private investor acquisition from founder

Telecommunications Single—source communications services and products provider to small and medium size businesses Private Purchaser in strategic business acquisition

Expansion Financings

Industry Company Ownership Interest(s) Valued Client

Educational Services Regional private college group — information technology program focus Private — pre IPO Control and minority interests Founder — evaluation of corporate finance and shareholder liquidity alternatives

National operator of K—12 and post—secondary schools serving students with special needs Private Control interest Parent company — follow—on funding to support divisional growth plan

Operator of allied health vocational schools Private Control and minority interests Founder — identification of capital requirements to support long term growth plan

Engineering & Consulting Services Developer of contaminant control systems Private Minority interest Founder for equity financing with private investor

Food Processing Developer of technologies for the use of algae and algal derivatives in the biotech, medical and food industries Private Control interest Founders in advance of raising venture funding

Information Technology Satellite photography and mapping technology Limited partnership interests — joint venture of four Fortune 50 companies Limited partnership interests Strategic partner in anticipation of sale of additional limited partnership interests

Sporting Goods Developer of sophisticated heart / exercise monitoring device Private Control and minority interests Founders in anticipating of private placement

Gift and Estate Planning and Tax

Industry Company Ownership Interest(s) Valued Client

Real Estate Real Estate Development, Construction & Management Private General and limited partnership interests and minority member interests gifted to various trusts Founder

Specialty Chemical Manufacturer and distributor of floor care, industrial cleaning and carpet care products Private Options to acquire voting and non—voting common stock held by individuals and trusts Shareholder and family holding large minority blocks and options

Fairness Opinions

Industry Company Ownership Client

Aircraft Parts supplier Private Transaction value for debenture holders

Automotive Metropolitan—area chain of car wash centers Private Founder's interest associated with merger and simultaneous initial public offering with 13 other companies

Information Technology Internet service provider Private Consortium of universities / management in sale of business to larger telecommunications firm

Computer output microfilm records production for financial services and mutual fund sectors Private Institutional investor interest — cash sale to subsidiary of Fortune 500 company

Sporting Goods Retailing chain of consumer sporting goods Private Shareholders of private company in merger with public company

Recapitalizations and Restructurings

Industry Company Ownership Client

Educational Services Post—secondary technical school group — information technology and allied health programs Private Private equity group — leveraged recapitalization to provide liquidity for founders and growth capital for company

Corporate training Private Private investor group — leveraged recapitalization to provide liquidity for founders and growth capital for company

Information Technology Educational software Private Founders — equity infusion from private investor to strengthen balance sheet and fund expansion initiative

Rental Car Franchisee Multi—location rental car business Private Founder — leveraged recapitalization to provide liquidity for founder

Trucking LTL carrier of general freight Private Founder — informal reorganization with 6 credit institutions to reduce debt service

Sales and Divestitures of Companies

Industry Company Ownership Client

Construction Materials Insulation contracting Private Founder in evaluating unsolicited offer for company

Educational Products and Services Post—secondary college primarily focused upon information technology programs Private Retiring founder seeking new ownership for school

Corporate training company serving telecommunications industry Private Founder and fellow shareholders in sale to private equity group

Producer of educational videos Private Founder in sale to strategic buyer

Vocational (automotive) training school Private Owner in sale to strategic buyer

Non—profit college serving allied health fields Private Potential sale to private equity firm

Engineering & Consulting Services Environmental engineering and consulting services serving private industry and government entities UK Subsidiary of Private US Company Parent company — divestiture

Food Processing and Distribution Two food distribution businesses Subsidiary of Private Company Holding company — divestitures

Ice making company Private Founder — evaluate unsolicited offer for company

Industrial Equipment Rental Industrial equipment rental Private Founder — cash sale to strategic buyer

Information Technology Software developer Minority (40%) stake to parent company 2 management shareholders in subsidiary

Information management system to help K—12 educators manage instruction, curriculum development and assessment processes Subsidiary of private company Corporate owner

Customer service software for cable industry Subsidiary of private company Corporate owner

County government administration software Private company Founder and management shareholder — sale to strategic buyer

Insurance Issuer of surety bonds Private Shareholders in sale to strategic buyer

Machine Tool Food equipment machine shop Private Founder — evaluate unsolicited offer for company

Oil and Gas Exploration and Production Oil and gas exploration and development company with properties located in western U.S. Minority interest in private holding company and holding company's member interest in numerous oil and gas properties President of holding company

Plastics Manufacturing Injection molded products for multiple industrial applications Private Father and son founding shareholders in sale to private investor

Specialty Chemical High performance additives for the rubber, plastics, adhesives, sealants and coating industries 1 original and 2 update strategic valuations of private company Management shareholders and private investors to set benchmark for potential sale of company

Sporting Goods Component manufacturer Private Strategic buyer

Share Exchanges, Conversions or Repurchases

Industry Company Ownership Client

Construction Supplier of various materials to construction contractors 50% interest in private company 2 shareholders to establish value for buy / sell agreement

Child Care Products Producer of sleeping and cradling devices for young children Minority interests — 2 valuations Share repurchase from private investor

Educational Services Learning centers 50% interest in private company Company — repurchase of co—founder's stock

Industrial Equipment Manufacturer Process control equipment Private company preferred stock, minority common stock, stock options and warrants Management and venture groups — exchange of common stock for options and warrants in advance of initial public offering

Specialty Chemical High performance additives for the rubber, plastics, adhesives, sealants and coating industries Private company minority interest Company — repurchase of interest from private investor

Stock Option Exercise Prices and Valuations

Industry Company Ownership Client

Aircraft Parts Supplier Parts supplier Minority interest in private company — set option exercise price Company and Management

Child Care Products Producer of sleeping and cradling devices for young children Minority interest in private company — 2 valuations to set management stock option exercise prices Company and management

Construction Materials Construction materials manufacturer Control interest — establish the exercise price of rights to acquire participating preferred stock — issued by public company connection with adoption of shareholder rights plan Board of Directors

Engineering & Consulting Services Environmental engineering and consulting services for private industry and government entities Minority interest in private company — set management option exercise price Company and management

Environmental engineering and consulting services for private industry and government entities Minority interest in private company — valuation of option grant Company and management

Information Technology Provider of integrated network solutions and services for businesses' local and wide area networks Minority interest in private company — set management option exercise price Company and management

Internet service provider Minority interest in private company — valuation of option grant Company and management

Developer of products and services for electronic, interactive marketplace for fixed income securities Minority interest in private company — valuation of option grant Company and management

IT staffing and consulting companies serving large companies and government Minority interest in private company — set management option exercise price Company and management

Oil and Gas Industry Information resource regarding delivery and management of energy services, end—use efficiency applications and new technology developments Minority interest in private company — set management option exercise price Company and management

Telecommunications Single—source communications services and products provider to small and medium size businesses Minority interest in private company — set management option exercise price Company and management

Single—source communications services and products provider to small and medium size businesses Minority interest — value of warrant issued with public debt offering Company

Other

Industry Company Ownership Client

Biotechnology Developer of fine organic chemicals for human pharmaceuticals, animal health care and agricultural products Minority interest in private company Spouse in divorce settlement

Food Retailing Multiple location natural foods retailing chain Minority interest in private company ESOP — annual contribution

Industrial Equipment Heavy equipment rental for construction industry Minority interest — restricted (Rule144) shares in public company Company and officers of company — establish value of deductible compensation expense transferred to officers — 8 reports

Heavy equipment rental for construction industry Minority interest — restricted (Rule144) shares in public company Establish tax basis for individuals, trusts, foundation and corporate shareholders

Medical devices Developer of home—based kidney dialysis technology and equipment Minority interest in private company Multiple fair market value determinations of 401k plan contributions

Pharmaceutical Preparations Developer of catheter—based antithrombotic / antimicrobial therapy optimization solutions Minority interest in private company Multiple fair market value determinations of 401k plan contributions

Telecommunications Single—source communications services and products provider to small and medium size businesses Minority interests Quarterly 401k valuations (10 separate reports)