Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number: 03-01085 Charles A. Brasby and Lorraine A. Brasby Names of the Respondents Hearing Site: Tampa, Florida Merrill Lynch, Pierce, Fenner & Smith, Inc. and Jerrold Dickman Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Charles A. Brasby and Lorraine A. Brasby, hereinafter collecti

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between: Name of Claimant Case Number: 03-01084 Lunette Combee-Cliff Names of Respondents Hearing Site: Tampa, Florida Merrill Lynch, Pierce, Fenner & Smith Inc. and Jeffrey Clements REPRESENTATION OF PARTIES For Lunette Combee-Cliff, hereinafter referred to as Claimant: Emily Peacock, Esq., James, Hoyer, Newcomer & Smiljanich, P.A., Tampa, Florida. For Merrill Lyn

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Mollie McCormick, individually and as Holder of the Mollie Ami McCormick IRA, Claimant v. The Lincoln National Life Insurance Company, Lincoln Financial Advisors Corporation, and Ann Poloko, Respondents Case Number: 03-01078 Hearing Site: San Diego, California Nature of the Dispute: Customer v. Members and Associated Person REPRESENTATION OF PARTIES For Claimant: Matthew R. Ruth

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Lois Myers and Stanley Myers, Individually and as Co-Trustees of the Myers Living Trust, Claimants v. World Group Securities, Inc., WMA Securities, Inc., Fredrick R. Cornilles, LLndy B. Clark, Faye M. Schwartz, and Bruce A. Bailey, Respondents Case Number: 03-01076 Hearing Site: Portland, Oregon Nature of the Dispute: Customers v. Members and Associated Persons REPRESENTA

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Wachovia Securities, LLC file/a Wachovia Securities, Inc., Claimant v. Dennis Liu, Respondent Dennis Liu, Counter-Claimant v. Wachovia Securities, LLC file/a Wachovia Securities, Inc., Counter-Respondent Case Number: 03-01075 Hearing Site: Los Angeles, California Nature of the Dispute: Member v. Associated Person Associated Person v. Member REPRESENTATION OF PARTIES

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Sue Anne Young, as Trustee for the Sue Ann Young Revocable Trust dtd 4/29/96, Claimant v. Phillips & Company Securities, Inc., Lawrence W. Brooks, and Philip Bryan Hagea, Respondents Case Number: 03-01074 Hearing Site: Honolulu, Hawaii Nature of the Dispute: Customer v. Member and Associated Persons REPRESENTATION OF PARTIES For Claimant: Thomas E. Bush, Esq. Alston H

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Robert H. Spence, Claimant v. TD Waterhouse Investor Services, Inc., Respondent Case Number: 03-01072 Hearing Site: San Francisco, California Nature of the Dispute: Customer v. Member REPRESENTATION OF PARTIES For Claimant: Robert H. Spence In Propria Persona Corte Madera, California For Respondent: John L Erikson, Esq. Jones, Bell, Abbott, Fleming & Fitzgerald Los A

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Sheila Perrin, Claimant v. National Securities Corp. and Peter Rettman, Respondents Case Number: 03-01071 Hearing Site: Seattle, Washington Nature of the Dispute: Customer v. Member and Associated Person REPRESENTATION OF PARTIES For Claimant: Stephen M. Hansen, Esq. Lowenberg, Lopez & Hansen, P.S. Tacoma, Washington For Respondents: Arian Colachis, Esq. Golbeck Roth & C

Award NASD In the Matter of the Arbitration Between: Name of the Claimant Case Number: 03-01067 Lois Boutaugh f/k/a Lois Boutaugh-Goss Name of the Respondent Hearing Site: Atlanta, Georgia Bryan T. Forman REPRESENTATION OF PARTIES For Lois Boutaugh f/k/a Lois Boutaugh-Goss, hereinafter referred to as "Claimant": Philip R. Taylor, Esq. and Joseph R. Odachowski, Esq., Taylor, Odachowski & Sperry, LLC, St. Simons Island, Georgia. For Bryan

AWARD NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant Michael J. Parham, Jo Ann Parham, Individually and Parham Retirement Plan and 00-4421 Dallas, Texas Name of Respondents Merrill Lynch, Inc. Ward M. Dahlander REPRESENTATION OF PARTIES Michael J. Parham, Jo Ann Parham, Individually and Parham Retirement Plan ("Claimants") were represented by N. Henry Simpson, m of Simpson, Wooley & McConachie L.L