Operational Due Diligence

Henry C. Wagner, III of Rockledge Group, LLC

Gary Selke of Front Street Investment Management, Inc.

Gary Selke was listed as the president of Tuscarora Capital Inc. He co-founded the company in 1986.

From 1981 until 1996 Mr. Selke held senior positions at RBC Dominion Securities Inc.

In 2002, a new exchanged-traded hedge fund called Casurina was added to the Toronto Exchange. The fund was listed as a long/short hedge fund managed by Gary Selke and others.

In 2004, Gary Selke was listed as a former GTHL director. The GTHL is the Greater Toronto Hockey League. Mr. Selke’s grandfather was an assistant and acting general manager of the Toronto Maple Leafs between 1931 and 1946.

Thomas Francis Xavier O’Mara of ClarinBridge Capital, LLC

Thomas O’Mara is listed in several articles as the convertibles head and chief risk officer of the equity division at Credit Suisse. In February 2006 it was reported that he had left the company to start ClarinBridge Capital.

A January 2001 article reported that Marshall Capital Management Inc., a wholly owned subsidiary of Credit Suisse First Boston Inc., had been named in a lawsuit filed by a company that borrowed from Marshall and others. CSFB’s Marshall unit and two other lenders were accused in a suit filed by Log On America, a Providence, R.I., Internet-access provider, of illegally manipulating the price of its stock. CSFB or Thomas O’Mara were not named in the suit. Log On America borrowed $15 million in February 2000 from a group that included Marshall Capital, along with New York-based hedge fund Promethean Asset Management LLC and Chicago convertible loan issuer Citadel LP. The company sued after its shares fell more than 80 percent. The suit claims the lenders illegally profited by “massively” selling short Log On America shares, pushing down the price of the little-traded stock. The suit claims the lenders then attempted to force the company to convert the loan into stock so they could use those shares to cover, or pay back, the stock it had sold at a higher price.

The piece stated that, “Parent CSFB downplays its connection to Marshall. A search of the company’s Internet site found no mention of Marshall and a CSFB spokesman declined to comment on the firm’s relationship with Marshall Capital. Yet papers filed in the suit show that Marshall’s board includes three high-ranking CSFB managing directors John McAvoy, head of global convertible capital markets; Thomas O’Mara, head of convertible trading; and Paul Calello, global head of the equities and convertible bonds. McAvoy, O’Mara and Calello declined through a CSFB spokesman to comment, although CSFB didn’t deny their affiliation with Marshall Capital.”

Milton N. Fine of Fine Family, LP

Milt Fine is said to be a proven lodging industry leader ever since he co-founded IHC in 1960. Mr. Fine led IHC to consistent growth, and built the company to be the largest independent hotel management company in the world for many years.

Several links in the media details section show that Milton Fine is very involved in social cause events, and also participates in a number of extravagant soirees.

FFC Capital is a privately held investment management firm specializing in value-added real estate investments throughout the United States. He founded the firm with his son, David Fine.

FFC Capital Corporation announced in August of 2005 that it had entered into a joint venture with Waterford Hospitality Group, LLC to purchase the Radisson Hotel in Marlborough, MA. The partnership announces extensive renovations of the upscale hotel.

Milton Fine is listed as a Director of Wyndham International, Inc.

David Jeremy Fine of Fine Family, LP

A media release contains a compilation of article and biographical details on David Fine, including education information, affiliations, and relevant media.

David Jeremy Fine, as alumni of the University of Pittsburgh, made a donation to the school in the amount of at $50,000, as part of the Discover a World of Possibilities Campaign.

David and his father Milton Fine founded FFC Capital for the purpose of pursuing real estate and other investments.

Thomas Joseph Donatelli of ClarinBridge Capital, LLC

Thomas Donatelli’s father, Joseph N. Donatelli, was state Superior Court judge in Patterson, NJ.

Mr. Donatelli has been quoted in a number oaf articles as an analyst with Wertheim Schroder and Eagle Capital

David A. Conway of Front Street Investment Management, Inc.

David A. Conway was listed as the secretary of the Front Street Long Short Income Fund II

Hrant Berj Tosbath of Davenport Group, Inc.

A media article revealed that The Davenport Group was founded in 2000 by Hrant Tosbath as third party marketer for unique single managers and specific fund of funds, located in New York with offices in London and Toronto with $1.3 billion in assets.

In a February of 2005 article Hrant Tosbath discusses the benefits of a “good address”, such as Park or Madison Ave, and the message it sends to potential clients about a business.

Ross Anden Garon of Tykhe Capital, LLC

In 2005, Ross Garon and Tykhe Capital launched the Tykhe Fund Systematic Macro fund. At the time, Tykhe Capital employed 22 people.

In 2005, Tykhe Capital was one of many hedge funds that had recently hired in-house lawyers. This appeared to be in response to demands of both federal registration requirements and cautious investors.

In 2003, Ross Garon and Hongkyung Anna Suh were married. Anna Suh was a freelance writer and editor in Manhattan and Ross Garon was the founder and managing partner of Tykhe Capital.

In 2000, Ross Garon founded Blink.com, an Internet technology company with over one million customers. The company built software that helped store and manage people’s favorite websites when they used multiple computers.

In 1997, Ross Garon left D.E. Shaw in order to join Commerzbank. He became the company’s head of global business management.

In 1992, Ross Garon was the chair of the Institute of Politics Student Advisory Committee at Harvard University.

Ross Garon was previously employed at D.E. Shaw & Company. He worked for D.E. Shaw in New York, London, and Tokyo. He joined D.E. Shaw after graduating from Harvard University in 1993.

Ross Anden Garon of Tykhe Capital, LLC

In 2005, Ross Garon and Tykhe Capital launched the Tykhe Fund Systematic Macro fund. At the time, Tykhe Capital employed 22 people.

In 2005, Tykhe Capital was one of many hedge funds that had recently hired in-house lawyers. This appeared to be in response to demands of both federal registration requirements and cautious investors.

In 2003, Ross Garon and Hongkyung Anna Suh were married. Anna Suh was a freelance writer and editor in Manhattan and Ross Garon was the founder and managing partner of Tykhe Capital.

In 2000, Ross Garon founded Blink.com, an Internet technology company with over one million customers. The company built software that helped store and manage people’s favorite websites when they used multiple computers.

In 1997, Ross Garon left D.E. Shaw in order to join Commerzbank. He became the company’s head of global business management.

In 1992, Ross Garon was the chair of the Institute of Politics Student Advisory Committee at Harvard University.

Ross Garon was previously employed at D.E. Shaw & Company. He worked for D.E. Shaw in New York, London, and Tokyo. He joined D.E. Shaw after graduating from Harvard University in 1993.