Michael M. Sullivan

Merced Capital LP is a privately-held, SEC-registered investment advisor and hedge fund manager headquartered in Minnetonka, Minnesota. The firm was founded as EBF & Associates in 1988 by three executives from Cargill's Financial Markets Department. The firm provides investment advisory services to privately offered pooled investment vehicles. Investors in the clients include public and private pension funds, foundations, endowment funds, funds of funds, high net worth individuals and family offices.

JPMorgan Securities LLC (JPMS) is a securities brokerage firm headquartered in New York City. The firm was founded in 1985 and is a subsidiary of JPMorgan Broker-Dealer Holdings, Inc., ultimately held by JPMorgan Chase & Co., Inc. (NYSE: JPM). JPMS provides research on fixed income, credit, derivatives, emerging markets, foreign exchange, structured finance, technical analysis and bond indices. Their equity analysts cover equities throughout North America, EMEA, Asia/Pacific and the emerging markets. The firm's fixed income team formulates trading and portfolio recommendations for investors in global bonds and other fixed-income markets based on valuations, analytics and market dynamics.

Harvard University engages in the provision of teaching and research. It has twelve degree-granting Schools in addition to the Radcliffe Institute for Advanced Study, offering a global education. The university was founded in 1636 and is headquartered in Cambridge, MA.

Providence Corp provides counseling services.

Part of The Bank of New York Mellon Corp., BHF Securities Corp is a company that provides clearing services. BHF Securities Corp is based in New York, NY. BHF Securities was acquired by BNY Clearing Services LLC from ING Groep NV on July 11, 2000.

Part of Commerzbank AG, Commerzbank Finance Ltd. is a British company that provides securities brokerage services. The company is based in London, UK. Commerzbank Finance was founded in 1955.

Standard & Poor's Financial Services provides financial market intelligence services. It offers credit ratings, indices, risk evaluation, investment research and data to the financial decision-makers. The company was founded in 1860 and is headquartered in New York, NY.

Athilon Group Holdings Corp. provides financial services. It offers credit risk protection on structured financial assets to investment banks, commercial banks, insurance companies, corporations, and other institutions in the form of credit derivatives and other financial guaranty contracts. The company was founded in 2004 and is headquartered in New York, NY.

MBIA Insurance Corp. provides insurance services. It works with non-US public financial services. The firm focuses on detecting any deterioration in credit quality or changes in the economic, political or regulatory environment which may adversely affect guaranteed obligations of implementation through the final maturity of transactions. The company is headquartered in Armonk, NY.

Primus Financial Products LLC provides financial services. It offers credit analysis, trading, risk management and market analysis. The firm also sells credit swaps. It offers services to commercial and investment banks, credit portfolio managers, insurance companies and other financial institutions. The company is headquartered in New York, NY.

Athilon Structured Investment Advisors LLC provides investment advisory services. It is an asset management company that manages Athilon Capital Corp. a company with over $500 million in capital resources. Athilon Structured Investment Advisors was founded in December 2004 and is headquartered in New York, NY.

CGA Investment Management provides accounting services. The private company is based in New York, NY. The company was founded by Jean-Michel Wasterlain.

Syncora Guarantee, Inc. provides guarantee US municipal bonds; asset-backed securities; debt backed by utilities and selected infrastructure projects; specialized risks, including future flow securitizations and bank deposit insurance; and collateralized debt obligations. The company is headquartered in New York, NY.

Merced Capital LP (Merced Capital) is a private equity firm a subsidiary of Merced Capital LP founded in 1988. The firm is headquartered in Minnetonka.

Mentorica Technology Pte Ltd. engages in developing software applications for retailers. Its services include data, analytics, method, and systems. The company was founded by Joe Duncan and Marc Rakotomalala and is headquartered in Singapore.