MATIONAL ASSOCIATION OP SECURITIES DEALERS, INC. In the Matter of the Arbitration- Between ) ) Barney Spielman ) Claimant } ) AWARD vs. ) ) NASD *91-00764 Piper, Jaffray & Hopwood, Inc. ) Robert Cameron j Respondents ) __ ) REPRESENTATION Claimant was represented by Craig Palmquist, Esq., Seattle Washington. Respondents were represented by Joseph E. Delaney, Esq., of Foster Pepper & Shefelman, Seattle, Washington.

NASD Arbitration No. 91-00500 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS la the Matter of the Arbitration Between Name of Claimant Ivan Freistat Name of Respondent Michael Milken REPRESENTATION For Claimant: John T. Heaney, Esq. - Los Angeles, California For Respondent: Katherine M. Elwood, Esq. and Frank Rothman, Esq., Skadden, Arps, Slate, Meagher & Flom - Los Angeles, California CASE INFORMATION Statement of

N.A.S.D. AKRRD ASSOCIftTIQN OP SECDROTES DERUSRS la the Matter of tba Arbitration Between Arbitration National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York, N.Y. 10004 FAX (212) 858-4389 91-00485 a Pierce Refines, Tnc« & MKB&tetta 6 Qo. David T. Marantatte, HI Baq. and David K. Saslick, Bsq. Charl** j. ibcerl. David T. Jfarantetta, Hi ("liarantatta") and Itorantette &

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter or the Arbitration Between tjamgof! Plaimanf Michael R. Thomas 90-03243 Griffin Financial Services James Peters Ronald. Code* For Claimant: For Respondents: Michael L. Paule of Investors Arbitration Services, Woodland Hills, California. Donald B. McNelley, Esq., Schlecht, Shevlin & Shoenberger, Palm Springs, California. Statement of Ci^ filed: November 16

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between } ) Ralph M. Singer ) Claimant ) ) AWARD vs. ) ) NASD NO. 90-02530 Sutro & Co., Inc. ) Lawrence Goodfriend ) Respondents ) REPRESENTATION Claimant was represented by Irving Pfeffer, Esq. at 155 Montgomery Street, Suite 301, San Francisco, California 94104 and Respondents were represented by Richard Allan Horning, Esq. of the firm Hor

N.A.S.D, AWARD NATIONAL ASSOCIATION 0? SECURITIES DEALERS In the Matter of the Arbitration Between f Claimant (a) John B. Greenfield, Philip Greenfield and the Greenfield Family Trust Lee Collins Michael Harrera Christina Menicucci-Lane John Matt Elliott an** Heal Barry Elliott vs. Mame of Respondent (s) Kober Financial Corporation Michael S. Hughes Robert A. Lopez 90-02085 90-02407 90-02411 91-02369 COHSOfclD

Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Malladi S. Reddy and Pravina Reddy, Claimants v. Barington Capital Group, L.P., LNA Capital Corp., James A. Mitarotonda, Murry M. Shapero, Edwin Kantor, Mark S. Cooper, James N. Giordano, Jerome Snyder, Carl Kleidman, John Rizzo, John Telfer and Scott Greiper, Respondents. Case Number: 99-02255 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES

Arbitration H.A.C.D. AWtfD NrtionalAtioetettonof NATIONAL ASSOCIATION OF SECURITIES DEALERS "?' '?*' Center 33 Whitehall Strwt In the Matter of the Arbitration Between New York, N«w York 10004 Name of fTlaimantis Barry Miles Belgorod M.D. P.C. EMP PEN Barry Miles Belgorod and Madeline Miles as Trustees vs 90-02334 Shearson Lehman Mutton, Inc. Heard before the members of the Arbitration Panel: James M. Baumann, Esq. Public John P.

M.A.S.D. AWARD ATONAL ASSCCIATTCN OF SECURITIES DEALERS - In the totter of the Arbitration Between Charles Schweb & Cai^any, inc. 90-02058 Robert C. La Beau Claimant was represented by Andrew W. Stroud, Esq. of the firm Orrick, Harrington & Sutcliffe. Respondent represented himself. This case was filed with the National Association of Securities Dealers, Inc. ( "NASD") on July 25, 1990. Claimant alleged breach of contract in that it executed sal

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitrarion Between Name of Stanley W. & Rosalie K. Durham, Trustees 90-01917 Former & Smith Inc Michael D. Nadler Claimant was represented by Jeff Dennis Ferentz, Esq Respondents were represented by V. Janes Mann, Esq. This matter was initiated by a Statement, of Claim filed with the" National Association of Securities Dealers, Inc. ("NASD") on July 5, 1990.