Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Spelman & Co., Inc., Claimant v. Braxton Grizzard, Respondent Case Number: 00-00488 Hearing Site: San Diego, California REPRESENTATION OF PARTIES For Claimant: Houston A. Goddard, Esq, Spelman & Co., Inc. San Diego, California For Respondent: Braxton Grizzard In Pro Per Honolulu, Hawaii CASE INFORMATION Statement of Claim filed: February 2, 2000

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between } ) Fred Hadaegh ; Claimant ) ) AWARD VS * ) NASD #90-00814 Baraban Securities, Inc. ) Hassan Hashamian ) Noble Financial Securities, Inc. ) Respondents } Claimant was represented by H Thomas Fehn, Esq., Fields, Fehn & Sherwin, Los Angeles, California. Respondent Hashamian represented himself. SUMMARY OF ISSUES Claimant alleged u

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name °f rilfllnBntijfti Lawrence Cofar, as Trustee of the Roy Shur Irrevocable Trust Sharon Cofar, as Trustee and Indiv. Renee Esecson, as Trustee Name of Joseph Paskowski Steve Gordon Peter Ganyard Richard Rail ) Case No. 90-00813 J Heard before the Renters of the Arbitration Panel: Arieb Leo Douer Terrence W. Grant

N.A.S.D. .-. MOTIONAL ASSOCIATICN OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of ClainHnts & Millie Felcban Braoley K. Feldman Stephen Feldman Michael A. Feldman Classic Optical , Inc. Profit Sharing Trust 90-00806 Name of Respondent Marvin Zucker For Claimants ttarton & Millie Feldman, Bradley K. Feldnan, Stephen Feldraan, Michael A. Feldman and Classic Optical, Inc. Profit Sharing Trust ("Claimants"): An

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of Arbitration Between Richard A. Lane, Trustee et al. Claimant vs. Al Jeanfreau Respondent CASE 90-00799 AWARD CASE SUMMARY Richard A. Lane as Trustee for the Mabel Jones Trust for the benefit of Michael Lane, in a claim filed with ^e """onal Association of Securities Dealers, Inc. on March 16, 1990 aiiegea that Respondent, Al Jeanfreau, negligently ignored instructions

Arbitration ^ AHftRD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimarft? Mslvin J. & Gloria R. Brenner vs Name of Respondents MacPeg, Ross p O'Connell Stanley Goldaber Goldaber, Inc. National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York, New York 10004 Case # 90-00790 Heard before the members of the Arbitration

Arbitration ® N.A.S.D. AWARD National Association of Securities Dealers, Inc. One East Broward Boulevard NATIONAL ASSOCIATION OF SECURITIES DEALERS i* U '?o!!^Li a n™^ q< ™m Ft. Lauderdaie, Florida 33301 (305) 522-7391 In the Matter of the Arbitration Between ) Name of Claimantfsl ) Mary DeSimone ) ) Case No. 90-00789 Name of Respondentfs^ ) Jferrill Lynch, Pierce Fenner & 3nith Inc ) Duane H. Sakal ) Heard before

I < •' Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Mark J. Schraerge, Claimant v. Bryan E. Pifer and Alpha-Omega Capital Corp., Respondents. Case Number: 00-04690 Hearing Site: Cincinnati, Ohio REPRESENTATION OF PARTIES Clairnant/Counterrespondent Mark J. Schmerge ("Schmerge"), hereinafter referred to as "Claimant", was represented by Daniel G. Spraul, Esquire, of Spraul, Veith & Doan, Cincinnati, Ohio,

N a NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Name of Leon P. & Lorraine v. Delaune Name of Respondent^ 90-00785 Hanover Investment Securities, Inc. Bernard J. Wellmeyer, Jr. Arbitration National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York, New York 10004 For Claimant: Barney Stewart of Moore & Van Allen Respondents, Hanover Investment Se

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant (s) Rod R. & Hilda S, McDonald Name of CASE #90-00784 The Olio Conpany Beard before the members of the Arbitration Panel; James R. Kennedy, Jr., Esq. John P. Cullem, Esq. Allison Hardage Public Public Industry This matter was initiated by a Statement of Claim filed with the National Association of Securities