GRANT THORNTON CORPORATE FINANCE, L.L.C.

SUMMARY OF BUSINESS CONTINUITY PLAN

Grant Thornton Corporate Finance, LLC (the “Firm”) maintains this Business Continuity Plan, describing in our policy used in responding to a Significant Business Disruption (“SBD”). Our response is directed to safeguarding employees’ lives and firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the firm’s books and records, and allowing our customers to transact business. In the event that we determine we are unable to continue our business, we will assure customers prompt access to their funds and securities.

Our plan anticipates two kinds of SBDs, internal and external. Internal SBDs affect our firm’s ability to communicate and do business, such as a fire in our building. External SBDs prevent the operation of the securities markets or a number of firms, such as a terrorist attack, a city flood, or a wide-scale, regional disruption. Our response to an external SBD relies more heavily on other organizations and systems, especially on the capabilities of our clearing firm.

1. Emergency Contact Persons

Our firm’s two emergency contact persons are: Ian Cookson, ICookson@gt.com, (617) 848-4982 and George Shaw, (617) 848-4890 GShaw@gt.com. These names will be updated in the event of a material change, and our Executive Representative will review them within 17 business days of the end of each quarter. Customers should direct their emergency contacts to the above persons.

2. Business Description

Our firm primarily provides investment related securities clients considering business combinations, acquisitions or divestitures. Our firm has no clearing relationship with any firm. We do not hold customer funds or securities, nor do we accept and enter orders. Our firm services primarily institutional clients. Our private placement activity is limited to advising issuers with respect to private offerings.

3. Office Locations

Our Office Location is 226 Causeway Street, Boston, Massachusetts 02114. Its main telephone number is (617) 723-7900. Our employees may travel to that office by means of subway or car. We engage our business activity at this location.

4. Alternative Physical Location of Employees

If our primary site is inoperable, we will continue operations from employees’ homes. We anticipate that employees may access the Grant Thornton network, which is maintained at facilities in Chicago and New York.

5. Financial and Operational Assessments

A. Operational Risk
In the event of an SBD, we will immediately identify what means will permit us to communicate with our customers, employees, critical business constituents, critical banks, and regulators. Although the effects of an SBD will determine the means of alternative communication, the communications options we will employ will include our Web site and telephone voice mail.

B. Financial and Credit Risk
In the event of an SBD, we will determine the value and liquidity of our assets to evaluate our ability to continue to remain in capital compliance. We will contact critical banks and Grant Thornton to apprise them of our financial status.

6. Mission Critical Systems

Our firm’s “mission critical systems” are those that ensure communications with clients. We have primary responsibility for establishing and maintaining our business relationships with our customers and have sole responsibility for our mission critical functions of communications. In the event of an internal or external SBD, we will contact clients by the best alternative means available, which include fax or e-mail.

7. Alternate Communications Between the Firm and Clients, Employees, and
Regulators

We now communicate with our Clients using the telephone, e-mail, our Web site, fax, U.S. mail, and in person visits at our firm or at the other’s location. In the event of an SBD, we will assess which means of communication are still available to us, and use the means closest in speed and form (written or oral) to the means that we have used in the past to communicate with the other party. For example, if we have communicated with a party by e-mail but the Internet is unavailable, we will call them on the telephone and follow up where a record is needed with paper copy in the U.S. mail.

8. Disclosure of Business Continuity Plan

This BCP disclosure statement is provided to customers at account opening, posted on our Web site and mailed to customers upon request.