AMERICAN STOCK EXCHANGE IN THB MATTER OF ARBITRATION BETWEEN CASE: BEAR. STEARNS & CO., INC., V. INTRA STATE CAPITAL CORPORATION DATE PILED: 1/22/93 FIRST SCHISDULED 8/16/93 DECIDED 9/15/93 CASE SUMMARY: • A Memlier v. Member arbitration dispttte regarding a debit balance as a result of Intra State's purchase of 5,000 shares of Cisco Systems Inc. which was subsequently liquidated due to its failure to tender payment. . IMANT'S INITIALS

CASE: AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN LILLIAN SBIDMAM V. O'CONNOR & ASSOCIATES, INC. n a ^ -IIU^ *^ ^3-/3 DATE FILED; 11/8/90 FIRST SCHEDULED 10/8/91 DECIDED Sept. 9, 199. CASE SUMMARY:• A member v. member employer/employee dispute. \IMANT>S INITIAL SESSIONS: •! - 7n RESPONDENT 's QM^ THIRD PARTY'S INITIALS CLAIM AND AWARD DATA! CLAIM SSO.OOO.OO PUNITIVE N/A ATT

.SE: AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN BARRY & NORMA COHEN V. SHEARSON LEHMAN BROTHERS & JEFFREY KLOTZ 3ATE FILED: 2/2/93 FIRST SCHEDULED 6/11/93 DECIDED 7/27/93 ::ASE SUMMARY: • Claimants allege fraud, negligence and breach of fiduciary and contractual duties bv Respondent brokerage firm and broker ±n i^ht : purchase of Scientific Imaging inai-i-iimftrn-a fWTT) anrt fj»iT»i-.> to supervise. -LAIMANT'S INIT

. AMERICAN STOCK EXCHANGE XN THE MATTER OF ARBITRATION BETWEEN SE: BILL MICHAEL V. SHEARSON LEHMAN BROTHERS & KEN DORSETT C^as^ -^^lU *^3'IA DATE FILED: 2/4/93 CASE SUMMARY;* FIRST SCHEDULED 6/29/93 DECIDED 7/7/93 CLAIMANT'S INITIALS RESPONDENT•S SESSIONS: DECISION BASED ON PLEADINGS THIRD PARTY'S INITIALS '^'..AIM AND AWARD DATA: ^LAIM $5.500.00 PUNITIVE ATTY FEES DEPOSIT COSTS N/A N/A $150.00 CC/3rd PTY

CASE: AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN FIRST ALBANY CORPORATION V. DR. DAVID BLISTBIN /C^sSfc -rC^t ^ ^ 3 - id DATE FILED: 12/28/92 FIRST SCHEDULED 6/24/93 DECIDED 6/24/93 CASE SUMMARY:*A member v. customer small claims arbitration dispute involving -g^ i^^^yh^" American-Telephone S"a;eleciJ.auli JUlV 40 calls- Amqen inc. < yf-^uly 50 call options. Claimant is alleging customer owes an o

PAGE #1 AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN ASE* '^^*^ SECURITIES A LIMITED PARTNEEtSHIP, SKJ, INC.; ERMIN GOOELSKX & STEPHEN WALLE31STEIN V. RICHARD CSSIMONEA. RICHARD DESIMGNB V. SUTTON If PARTNERS AND STEFH^i WALLENSlXiTN /^ad^ •:1Z:L'^ ^ 3 ' 0 ^ ATE FILED: 11/1/90 FIRST SCHEDULED 12/3 & 12/4/92 DECIDED 6/9/93 ASE SUMMARY: * A member v. member arbitration iTOvolviTie a Limited Partnership Agreement

PAGE 1 AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN LAUREN SLAFF V. PAINEWEBBER, INC., & ROBERT TEITELBAUM 6 LADENBURG, THALMANN V. DAVID SLAFP/THIRD PARTY-RESPONDENT ^s-oe? ATE FILED! 5/27/92 FIRST' SCHEDULED T 3/34/9? DECIDED 6/4/93 ASE SUMMARY:* Customer v mf>mher;nrn"ilT-rfH-l nn f^ia-imairn- aii..g«t.= «-v..».t- p.^gpori'i^-ant : brokerage fii-m and hT-r>lc«r-atfii=» -F-i^w. ^nA w^-^v^^ r^:,.y^j^A .~j^,„^l^y ^-^ )-..,

AMERICAN STOCK EXCHANGE XN THE MATTER OF ARBITRATION BETWEEN CASE: WILLiaiM & GLOSUA HIMFHREYS V. DEAN Wl'lTJSR BESOKILOS, INC. , & RQBESCT KOQP .oiSje. DATE FILED: 9/24/92 FIRST SCHEDULED 3/9/93 DECIDED . 5/14/93 CASE SUMMARY:* C^fft^TT^WT Vi nStiber arbjtrflltlnn. Claimanta alljm,. unaiii«-a».1^1A^tv. naaljgiants ana iii1aremnaagntal-< «« gTagarTfljJTiq rir^pion T^aalth Mgn-4-,p»,-,iB of amer< /^ y.< m^^|p^ Partnership. C^AI MANT'S INITIA

:ASf; AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN aOB^ERT A. DUI5 V. MERRILL LYNCH, PTKRCE. FET«aK^ ^ ^MT^K . .K>^ DATE FILED: B/28/92 FIRST SCHEDULED 1/29/93 — DECIDED a/gfi/g-^ CASE SUMMARY:* Customer v. raembejr ar^i t r a t i o n . riaimani- ^-^^^^p^a >-».^K„.-„^^,,, ^< =>^ $10,000 logs on payou Steel and A ^ » ^ 4 .^ ^laaica o.^^,. RXSFONDBNT'S THIRD PARTY'S INITIALS •r

AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN .SE: ERIC & STEPHEM PLflCE V. PAINEWEBBER, IMC. , S ROBEtCT SULLIVAN {\a£^ '•]::JL ^ ^s-os^ 3 ATE FILED: 10/26/92 FIRST SCHEDULED 3/10/93 DECIDED 3/15/93 C A S E S U M M A R Y ; * r-.igJ-r-mnaT- •»,. TtiBmbm- MT-h-8»-r-j»< -4fTir» r-1a< «g.w4- » n . biiVTriq ARf^O SfTOi-on b\7 h< a bmcViair. »e that he i< iag diiped Into C