04/10/03 THU 08:37 FAX NASD REGULATION ] 002 BEFORE THE ARBITRATION COMMITTEE OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Amii Kumar, Harsh Kumar, Kanak Kumar and Amul Kumar, Claimants, V. No. 96-02585 Jason Nuss, Jeffrey Nuss, J. Gregory & Co., ) D. Blech & Co., Inc., J.W. Charles Securities, ) Inc., David Blech T Vincent Mongno and ) Dianne Borden, ) Respondents. ) STIPULATED ARBITRATION

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: McLaughlin, Piven, Vogel Securities, Inc., Claimant v. Shahmir J. Moussavi, Vikram J. Chand and First Union Securities, Inc., Respondents Case Number: 01-02123 Hearing Site: San Francisco, California REPRESENTATION OF PARTIES For Claimant: Kevin J. Roll, Esq. Gordon-Creed, Kelley, Roll & Sugerman, LLP San Francisco, California For Respondents: Jon L. Rewinski, Esq.

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION, INC. CASE: 00-00800 George V. Henei and Sharon A. Henel, Claimants vs. Brown & Company Securities Corporation, Respondent. ATTORNEYS: Claimants George V. Henel and Sharon A. Henel ("Claimants"), appeared Pro Se., Buffalo, NY. For Respondent Brown & Company Securities Corporation, ("Respondent"), appeared in-house counsel, Barry S. Fischer, Esq., Boston, MA. DATE FILED: February 23, 2000

Arbitration & Mediation National Association of Securities Dealers.Inc. * NASD Financial Center * 33 Whitehall Street * New York,NY 10004 * Fax 212-858-4429 Washington DC Satellite office at: 1735 K Street, NW * Washington, DC 20006 * Fax 202-728-6952 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants N. Dennis Doane & Robin Doane 96-02584 Name of Respondent Brown & Company Securi

AWARD NASD REGULATION, INC., OFFICE OF DISPUTE RESOLUTION In the Matter of the Arbitration Between Name of Claimant Thomas H. Grant and Nitza (a/k/a Nancy) Grant 96-02583 Name of Respondents Lehman Brothers, Inc.; and Robert Perlman REPRESENTATION For Claimant: Thomas H. Grant ("Dr. Grant") and Nitza, also known as Nancy, Grant ("Mrs. Grant") were represented by Anthony S. DiVincenzo, Esq. of Campbell & DiVincenzo, located in Chicago, Il

NASD Regulation, Inc. AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimant^ John Teixeira 96-02581 Name of Respondent^ Hunter International Securities, Inc. Stephen H. Larkin Michael C. Hiler REPRESENTATION Claimant John R. Teixeira ("Teixeira") was represented by Mitchell T. McRae, Esq. of Mitchell T. McRae, P.A., Boca Raton, Florida. Respondents Hunter International Securities, Inc. ("Hunter") and S

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Arturo Espinoza de los Monteros and Africa International Co., Ltd., Claimants, vs. Bear Steams & Co., Inc. and Alberto C. Mariaca, Respondents. Case Number: Hearing Site: 96-02579 Houston, Texas PATiTTF.S Claimants Arturo Espinoza de los Monteros and Africa International Co., Ltd., hereinafter referred to as "Claimants," appeared through Arturo Espino

NASD REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Name of Claimant Lew Lieberbaum & Co., Inc. Mark I. Lew 96-02578 Name of Respondent Stuart Neal Kingoff REPRESENTATION For claimants Lew Lieberbaum & Co., Inc. ("Lew Lieberbaum") and Mark I. Lew ("Lew") appeared Lawrence P. Sandor, Esq., General Counsel of Lew Lieberbaum & Co., Inc. For respondent Stuart Neal Kingoff ("Kingoff) appeared Herbert Jacobi, Esq., a sole practiti

NASD REGULATION. INC. In the matter of the Arbitration Between Name of Claimant(si Paulson Investment Company, Inc. Arbitration No. 96-02576 Name of Respondent(s) Landmark International Equities William M. Jordan, Jr. William Nunziato Jawahar K. Doshi Howard Berger REPRESENTATION For Claimant: Gary M. Berne, Esq., Stoll Stoll Berne Lokting & Shlachter P.C., Portland, Oregon For Respondents Landmark International Equities and

AWARD NASD REGULATION. INC.. OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimant? s) Clifford Terrel Waters v. Arbitration No. 96-02573 fslame of Respondent^ James M. Bock Keith Youngswick Jeff Streich Karen Billings REPRESENTATION *• Claimant represented himself, as did each answering Respondent. CASE INFORMATION Statement of Claim filed: June 4,1996 Claimant's Submission Agreement