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ed players in the sector remaining Source Company data 8 EFTA_R1_01947042 EFTA02672826 Market Opportunity Limited Competition RIP Seaside Rodman & Renshaw lint Montauk First Tennessee V Finance Gktcher think Equities Pali Capital Morgan Joseph Merriman Curham (ITAX Jessup & Lamont Empire Capi
roven track record of successful investing: 20+% annual returns over past 15 years Present 2005-2013 1994-2005 •rnham 1983 1979 economics BA Hobart Williams Smith College Securities (MD) • Managed USS100 mil OBA Stern in assets Business School • Published research on distressed companies
elling • Very few experienced players in the sector remaining 8 EFTA00505787 Market Opportunity Limited Competition RIP Sellside Buy side Rodman & Renshaw Willowcreek First Montauk Laurus First Tennessee Vision Capital V Finance Special Situations Gleecher Barron Partners Think Equities Yorkv
1994-2005 •Galloway V 1983 Burnham 'VT tu nagement (Co-s Securities (MD) •Managed US$100 i assets OM tern usiness School conomics BA Hobart Williams Smith College m n •Published research on distressed companies •Led several corporate finance transactions • Launched STEP •Manag
pelling • Very few experienced players in the sector remaining 9 EFTA00505815 Market Opportunity Limited Competition RIP Selhide Buyside Rodman & Renshaw Willowcreek First Montauk Laurus First Tennessee Vision Capital V Finance Special Situations Gleecher Barron Partners Think Equities Yorkv
loway Ca it RT OBurnhain- .........----1 nagement Securities (MD) (CE (CEO) • ag Man ed US$25 'MBA Stern Business 1979 School conomics BA Hobart Williams Smith College •Managed US$100 mil in assets •Published research on distressed companies •Led several corporate finance transactio
Entities connected to both Rodman & Renshaw and Hobart

Rudy Giuliani
PERSON
Galloway
PERSON
Bloomberg L.P.
ORGANIZATIONWestern US
LOCATIONM-Value
ORGANIZATIONCatalysts/News
ORGANIZATIONEV/Book Value
ORGANIZATIONDeep Value
ORGANIZATIONFinancial Engineering
ORGANIZATIONYorkville
LOCATIONTarget Company
ORGANIZATIONRussell Microcap
PERSONING Barings
ORGANIZATION
Micro
ORGANIZATIONBarclays Capital
ORGANIZATIONNomura
ORGANIZATIONBruce Galloway
PERSONProfit Margin
ORGANIZATIONSeitel
PERSONFinancial Review
ORGANIZATION