Sino Gas International Holdings, Inc.
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>v087506_ex10-3.htm
<TEXT>
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    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>MAKE
      GOOD ESCROW AGREEMENT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Make
      Good Escrow Agreement (this &#8220;Agreement&#8221;), dated as of September 7, 2007, is
      entered into by and among Sino Gas International Holdings, Inc., a Utah
      corporation (the &#8220;Company&#8221;), each of the parties listed below who are Investors
      in the private offering of securities of the Company under the SPA (as
      hereinafter defined), and Manufacturers and Traders Trust Company (the &#8220;Escrow
      Agent&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
      each of the Investors are simultaneously entering into a Securities Purchase
      Agreement, dated as of the date hereof (the &#8220;SPA&#8221;), evidencing their
      participation in the Company&#8217;s private offering of securities contemplated under
      the SPA (the &#8220;Offering&#8221;); </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
      as an inducement to the Investors to participate in the Offering and as set
      forth in the SPA, the Company has agreed to place the &#8220;Escrow Shares&#8221; (as
      hereinafter defined) into escrow for the benefit of the Investors in the event
      the Company fails to satisfy the conditions set forth in Section 4.12 of the
      SPA;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
      pursuant to the requirements of the SPA, the Company and the Investors have
      agreed to establish an escrow on the terms and conditions set forth in this
      Agreement;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
      the Escrow Agent has agreed to act as escrow agent pursuant to the terms and
      conditions of this Agreement; and</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
      all capitalized terms used but not defined herein shall have the respective
      meanings assigned them in the SPA.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOW,
      THEREFORE, in consideration of the mutual promises of the parties and the terms
      and conditions hereof, the parties hereby agree as follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>1.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Appointment
      of Escrow Agent</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      Investors and the Company hereby appoint </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Manufacturers
      and Traders Trust Company</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">as
      Escrow
      Agent to act in accordance with the terms and conditions set forth in this
      Agreement, and Escrow Agent hereby accepts such appointment and agrees to act
      in
      accordance with such terms and conditions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>2.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Establishment
      of Escrow</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Upon the
      execution of this Agreement, the Company shall deliver to the Escrow Agent
      stock
      certificates evidencing in the aggregate 1,500,000 shares (the &#8220;Escrow Shares&#8221;)
      of the Company&#8217;s Common Stock registered in the names of the Investors as set
      forth on </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
      B</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      attached
      hereto. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>3.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Representations
      of the Company</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      Company hereby represents and warrants to the Investors as follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Escrow Shares are duly authorized and validly issued, and if and when
      distributed to the Investors hereunder, will be fully paid and nonassessable
      shares of the Company, and free and clear of all Liens, other than those
      existing pursuant to federal securities laws.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Except
      as
      set forth in Schedule 3.1 to the Purchase Agreement, the execution, delivery
      and
      performance of this Agreement and other instruments contemplated herein will
      not
      (1) conflict with or violate any provision of the Company&#8217;s or any Subsidiary&#8217;s
      certificate or articles of incorporation, bylaws or other organizational or
      charter documents, or (2) conflict with, or constitute a default (or an event
      that with notice or lapse of time or both would become a default) under, result
      in the creation of any Lien upon any of the properties or assets of the Company
      or any Subsidiary, or give to others any rights of termination, amendment,
      acceleration or cancellation (with or without notice, lapse of time or both)
      of,
      any agreement, credit facility, debt or other instrument (evidencing a Company
      or Subsidiary debt or otherwise) or other understanding to which the Company
      or
      any Subsidiary is a party or by which any property or asset of the Company
      or
      any Subsidiary is bound or affected, or (3) result in a violation of any law,
      rule, regulation, order, judgment, injunction, decree or other restriction
      of
      any court or governmental authority to which the Company or a Subsidiary is
      subject (including federal and state securities laws and regulations and the
      rules and regulations of any self regulatory organization (including any Trading
      Market) to which the Company or its securities is subject), or by which any
      property or asset of the Company or a Subsidiary is bound or affected and which
      the Escrow Shares may be bound except in the case of each of clauses (1), (2)
      and (3), such as could not, individually or in the aggregate, have or reasonably
      be expected to result in a Material Adverse Effect.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(iii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Agreement constitutes the legal obligation of the Company, enforceable against
      it in accordance with its terms, except as such enforceability may be limited
      by
      applicable bankruptcy, insolvency, reorganization, moratorium, liquidation
      or
      similar laws relating to, or affecting generally the enforcement of, creditors&#8217;
rights and remedies or by other equitable principles of general
      application.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>4.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Disbursement
      of Escrow Shares</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong><font size="3">&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)
      Not
      later than five business days after the filing of the Company&#8217;s Annual Report on
      Form 10-K or Form 10-KSB, as the case may be, for the fiscal year ended December
      31, 2008, the Company shall deliver to the Escrow Agent and all of the Investors
      written notice (the &#8220;ATNI Company Notice&#8221;) which notice shall (1) set forth the
      2008 Guaranteed ATNI amount and a statement indicating whether the Company
      believes it met or achieved the 2008 Guaranteed ATNI amount, (2) include a
      statement (the &#8220;ATNI Statement&#8221;) indicating how such amount was calculated and
      (3) include a copy of the report of the Company&#8217;s independent registered public
      accounting firm which report shall include an evaluation of the Company&#8217;s
      internal control over financial report for the fiscal year ended December 31,
      2008. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Within
      20
      business days of receipt of the ATNI Company Notice, T. Rowe Price, on behalf
      of
      the Investors, shall submit a written notice (the &#8220;Investors&#8217; Notice&#8221;) to the
      Escrow Agent and the other Investors indicating whether the Escrow Shares shall
      be either (1) released and returned to the Company or (2) distributed in
      accordance with </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
      B</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      attached
      hereto. The Escrow Agent shall immediately forward a copy of such notice to
      the
      Company. If, within 10 business days after receipt of the Investors&#8217; Notice, no
      notice of objection to such Investors&#8217; Notice has been filed by the Company in
      accordance with the provisions of Section 4(c), Escrow Agent shall promptly
      disburse the Escrow Shares in accordance with the instructions contained in
      the
      Investors&#8217; Notice.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
      the
      Company objects to the Investors&#8217; instructions contained in the Investors&#8217;
Notice, then within 10 business days after receipt of the Investors&#8217; Notice, the
      Company shall submit written notice of such objection to the Escrow Agent and
      each of the Investors. In the event of a Company objection pursuant to this
      Section 4(c), the Escrow Agent shall retain the Escrow Shares and not return
      them to the Company or distribute them to the Investors. The Escrow Agent shall
      retain the Escrow Shares until the question of whether the Escrow Shares shall
      be returned to the Company or distributed to the Investors shall have been
      determined (i) by an agreement in writing executed by the Company and each
      of
      the Investors or (ii) by a final, nonappealable order of a court of competent
      jurisdiction. The Company and the Investors shall deliver to Escrow Agent an
      executed copy of such agreement or a certified copy of such final judgment
      directing the Escrow Agent to return the Escrow Shares to the Company or
      distribute the Escrow Shares to the Investors as specified in such agreement
      or
      final decision, as the case may be, after which the Escrow Agent shall promptly
      return or distribute the Escrow Shares accordingly. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>5.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Duration</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font size="3">&#160;</font>This
      Agreement shall terminate upon the distribution of all
      the Escrow Shares in accordance with the provisions of Section 4.12 of the
      SPA
      and this Agreement. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>6.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Escrow
      Shares.</strong><font size="3">&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
      any
      Escrow Shares are deliverable to the Investors pursuant to the SPA and in
      accordance with this Agreement, the Company covenants and agrees to cooperate
      with its transfer agent, and the Company agrees to use its best efforts, to
      aid
      the Escrow Agent in issuing the Escrow Shares pursuant hereto. Until such time
      as the Escrow Shares are required to be delivered pursuant to the SPA and in
      accordance with this Agreement, any dividends payable in respect of the Escrow
      Shares and all voting rights applicable to the Escrow Shares shall be retained
      by the Company. Should the Escrow Agent receive dividends or voting materials,
      such items shall not be held by the Escrow Agent, but shall be promptly passed
      on to the Company and shall not be invested or held for any time longer than
      is
      needed to deliver such items to the Company. In the event&#160;that the Escrow
      Agent receives a communication requiring&#160;the conversion of&#160;the Escrow
      Shares to cash or the exchange of the Escrow Shares for that of another entity,
      the Escrow Agent shall solicit and&#160;follow the written instructions of the
      Company; </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>provided</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      that
      the cash or exchanged shares are instructed to be redeposited into the Escrow
      Account. The Company shall be responsible for all taxes resulting from any
      such
      conversion or exchange.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>7.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Interpleader</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font size="3">&#160;</font>Should
      any controversy arise among the parties hereto with
      respect to this Agreement or with respect to the right to receive the Escrow
      Shares, Escrow Agent shall have the right to consult counsel and/or to institute
      an appropriate interpleader action to determine the rights of the parties.
      Escrow Agent is also hereby authorized to institute an appropriate interpleader
      action upon receipt of a written letter of direction executed by the parties
      so
      directing Escrow Agent. If Escrow Agent is directed to institute an appropriate
      interpleader action, it shall institute such action not prior to thirty (30)
      days after receipt of such letter of direction and not later than sixty (60)
      days after such date. Any interpleader action instituted in accordance with
      this
      Section 7 shall be filed in any court of competent jurisdiction in the State
      of
      New York, and the Escrow Shares in dispute shall be deposited with the court
      and
      in such event Escrow Agent shall be relieved of and discharged from any and
      all
      obligations and liabilities under and pursuant to this Agreement with respect
      to
      the Escrow Shares.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>8.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exculpation
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      Escrow
      Agent is not a party to, and is not bound by or charged with notice of any
      agreement out of which this escrow may arise. Escrow Agent acts under this
      Agreement as a depositary only and is not responsible or liable in any manner
      whatsoever for the sufficiency, correctness, genuineness or validity of the
      subject matter of the escrow, or any part thereof, or for the form or execution
      of any notice given by any other party hereunder, or for the identity or
      authority of any person executing any such notice. Escrow Agent will have no
      duties or responsibilities other than those expressly set forth herein. Escrow
      Agent will be under no liability to anyone by reason of any failure on the
      part
      of any party hereto (other than Escrow Agent) or any maker, endorser or other
      signatory of any document to perform such person&#8217;s or entity&#8217;s obligations
      hereunder or under any such document. Except for this Agreement and instructions
      to Escrow Agent pursuant to the terms of this Agreement, Escrow Agent will
      not
      be obligated to recognize any agreement between or among any or all of the
      persons or entities referred to herein, notwithstanding its knowledge
      thereof.</font></div>
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      Agent will not be liable for any action taken or omitted by it, or any action
      suffered by it to be taken or omitted, in good faith and in the exercise of
      its
      own best judgment, and may rely conclusively on, and will be protected in acting
      upon, any order, notice, demand, certificate, or opinion or advice of counsel
      (including counsel chosen by Escrow Agent), statement, instrument, report or
      other paper or document (not only as to its due execution and the validity
      and
      effectiveness of its provisions, but also as to the truth and acceptability
      of
      any information therein contained) which is reasonably believed by Escrow Agent
      to be genuine and to be signed or presented by the proper person or persons.
      The
      duties and responsibilities of the Escrow Agent hereunder shall be determined
      solely by the express provisions of this Agreement and no other or further
      duties or responsibilities shall be implied, including, but not limited to,
      any
      obligation under or imposed by any laws of the State of New York upon
      fiduciaries.</font></div>
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      Agent will be indemnified and held harmless by the Company from and against
      any
      expenses, including reasonable attorneys&#8217; fees and disbursements, damages or
      losses suffered by Escrow Agent in connection with any claim or demand, which,
      in any way, directly or indirectly, arises out of or relates to this Agreement
      or the services of Escrow Agent hereunder; except, that if Escrow Agent is
      guilty of willful misconduct, fraud or gross negligence under this Agreement,
      then Escrow Agent will bear all losses, damages and expenses arising as a result
      of such willful misconduct, fraud or gross negligence except for consequential
      damages. Promptly after the receipt by Escrow Agent of notice of any such demand
      or claim or the commencement of any action, suit or proceeding relating to
      such
      demand or claim, Escrow Agent will notify the other parties hereto in writing.
      For the purposes hereof, the terms &#8220;expense&#8221; and &#8220;loss&#8221; will include all amounts
      paid or payable to satisfy any such claim or demand, or in settlement of any
      such claim, demand, action, suit or proceeding settled with the express written
      consent of the parties hereto, and all costs and expenses, including, but not
      limited to, reasonable attorneys&#8217; fees and disbursements, paid or incurred in
      investigating or defending against any such claim, demand, action, suit or
      proceeding. The provisions of this Section 8 shall survive the termination
      of
      this Agreement.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>9.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Compensation
      of Escrow Agent</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font size="3">&#160;</font>The
      Company will pay Escrow Agent in accordance with
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
      A</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      attached
      hereto for all services rendered by Escrow Agent hereunder.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>10.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Resignation
      and Discharge of Escrow Agent</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font size="3">&#160;</font>At
      any time, upon ten (10) days&#8217; prior written notice to the
      Company and the Investors, Escrow Agent may resign from its duties as Escrow
      Agent hereunder. At any time, upon ten (10) days&#8217; prior written notice to the
      Escrow Agent, the Company and the Investors holding two-thirds (66 2/3%) of
      the
      Shares may discharge the Escrow Agent from its duties as Escrow Agent hereunder.
      As soon as practicable after its resignation or discharge, Escrow Agent will
      promptly turn over to a successor escrow agent appointed jointly by the Company
      and the Investors the Escrow Shares held hereunder upon presentation of a
      document appointing the new escrow agent and evidencing its acceptance thereof.
      If, by the end of the 10-day period following the giving of notice of
      resignation by Escrow Agent the Company and the Investors shall have failed
      to
      appoint a successor escrow agent, then (a) </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Escrow
      Agent&#8217;s sole responsibility after that time shall be to retain and safeguard the
      Escrow Shares until receipt of a designation of successor Escrow Agent or joint
      written instructions by the Company and the Investors or a final, nonappealable
      order of a court of competent jurisdiction and (b) </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Escrow
      Agent may interplead the Escrow Shares into the registry of any court having
      jurisdiction.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>11.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Records</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font size="3">&#160;</font>Escrow
      Agent shall maintain accurate records of all
      transactions hereunder. Promptly after the termination of this Agreement or
      as
      may reasonably be requested by the parties hereto from time to time before
      such
      termination, Escrow Agent shall provide the parties hereto, as the case may
      be,
      with a complete copy of such records, certified by Escrow Agent to be a complete
      and accurate account of all such transactions. The authorized representatives
      of
      each of the parties hereto shall have access to such books and records at all
      reasonable times during normal business hours upon reasonable notice to Escrow
      Agent. </font></div>
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      notices, communications and instructions required or desired to be given under
      this Agreement must be in writing and shall be deemed to be duly given if sent
      by either (i) (A) U.S. first class, registered or certified mail, return receipt
      requested or (B) overnight courier, to the address listed on the signature
      pages
      hereto or (ii) by facsimile at the facsimile number specified on the signature
      pages hereto.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>13.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Execution
      in Counterparts</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font size="3">&#160;</font>This
      Agreement may be executed in counterparts, each of
      which shall be deemed an original, but all of which together shall constitute
      one and the same instrument.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>14.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Assignment
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      Agreement and the rights and obligations hereunder of
      any of the parties hereto may not be assigned without the prior written consent
      of the other parties hereto, except that the parties hereby agree that the
      Company&#8217;s obligation to transfer Escrow Shares to Investors pursuant to this
      Agreement shall continue to run to the benefit of an Investor who shall have
      transferred or sold all or any portion of its Shares, and that Investors shall
      have the right to assign its rights to receive all or any such Escrow Shares
      to
      other Persons in conjunction with negotiated sales or transfers of any of its
      Escrow Shares. Subject to the foregoing, this Agreement will be binding upon
      and
      inure to the benefit of each of the parties hereto and their respective
      successors and permitted assigns and no other Person will acquire or have any
      rights under, or by virtue of, this Agreement. No portion of the Escrow Shares
      shall be subject to interference or control by any creditor of any party hereto,
      or be subject to being taken or reached by any legal or equitable process in
      satisfaction of any debt or other liability of any such party hereto prior
      to
      the disbursement thereof to such party hereto in accordance with the provisions
      of this Agreement. No provision of this Agreement may be waived or amended
      except in a written instrument signed by the Escrow Agent, the Company and
      the
      Investors holding at least two-thirds (66 2/3%) of the Shares. No waiver of
      any
      default with respect to any provision, condition or requirement of this
      Agreement shall be deemed to be a continuing waiver in the future or a waiver
      of
      any subsequent default or a waiver of any other provision, condition or
      requirement hereof, nor shall any delay or omission of either party to exercise
      any right hereunder in any manner impair the exercise of any such right.
</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>15.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Applicable
      Law.</strong><font size="3">&#160;</font>This Agreement shall be governed by and
      construed in accordance with the laws of the State of New York without giving
      effect to the principles of conflicts of laws thereof.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>16.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Headings</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font size="3">&#160;</font>The
      headings contained in this Agreement are for convenience
      of reference only and shall not affect the construction of this
      Agreement.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>17.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Attorneys&#8217;
      Fees</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong><font size="3">&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
      any
      action at law or in equity, including an action for declaratory relief, is
      brought to enforce or interpret the provisions of this Agreement, the prevailing
      party shall be entitled to recover reasonable attorneys&#8217; fees from the other
      party (unless such other party is the Escrow Agent), which fees may be set
      by
      the court in the trial of such action or may be enforced in a separate action
      brought for that purpose, and which fees shall be in addition to any other
      relief that may be awarded.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>18.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Merger
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      corporation or association into which the Escrow Agent may be converted or
      merged, or with which it may be consolidated, or to which it may sell or
      transfer all or substantially all of its corporate trust business and assets
      as
      a whole or substantially as a whole, or any corporation or association resulting
      from any such conversion, sale, merger, consolidation or transfer to which
      the
      Escrow Agent is a party, shall be and become the successor escrow agent under
      this Agreement and shall have and succeed to the rights, powers, duties,
      immunities and privileges as its predecessor, without the execution or filing
      of
      any instrument or paper or the performance of any further act.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      WITNESS WHEREOF, the parties have duly executed this Agreement as of the date
      set forth opposite their respective names.</font></div>
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    <div align="left">
      <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

          <tr bgcolor="white">
            <td colspan="3" width="100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;
</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font>SINO
              GAS INTERNATIONAL HOLDINGS,
              INC.</font></td>
          </tr>
          <tr bgcolor="white">
            <td width="50%">&#160;</td>
            <td colspan="2" width="50%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="50%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td valign="top" width="3%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></td>
            <td width="47%" style="border-bottom: black thin solid;">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">s/
                Chen Fang</font></font></div>
            </td>
          </tr>
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                    <tr bgcolor="white">
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                          <div>&#160; </div>
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                      <tr bgcolor="white">
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                        <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
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                            <tr bgcolor="white">
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                                for Notice:</font></td>
                              <td width="34%" style="border-bottom: black thin solid;">
                                <div>&#160; </div>
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                              <td width="50%">&#160;</td>
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                      <div>&#160;</div>
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                              <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                              <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
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                                <td width="50%">&#160;</td>
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                                <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
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                                  <tr bgcolor="white">
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                                    <td width="16%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Address
                                      for Notice:</font></td>
                                    <td width="34%" style="border-bottom: black thin solid;">
                                      <div>&#160; </div>
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                                  <tr bgcolor="white">
                                    <td width="50%">&#160;</td>
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                                    <td width="50%">&#160;</td>
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                                      </td>
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                              </table>
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                            <tr bgcolor="white">
                              <td width="50%">&#160;</td>
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                              <td width="47%" style="border-bottom: black thin solid;">
                                <div><font size="2">/s/ <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Brendan
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                                    for Notice:</font></td>
                                  <td width="34%" style="border-bottom: black thin solid;">
                                    <div>&#160; </div>
                                  </td>
                                </tr>
                                <tr bgcolor="white">
                                  <td width="50%">&#160;</td>
                                  <td colspan="2" width="50%">&#160;</td>
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                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
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                                    </td>
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                                <tr bgcolor="white">
                                  <td width="50%">&#160;</td>
                                  <td colspan="2" width="50%">&#160;</td>
                                </tr>
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                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
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                                    </td>
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                            </table>
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                          <div>&#160;</div>
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                                  <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
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                                  <td width="50%">&#160;</td>
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                                  <td width="3%">&#160;</td>
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                                        for Notice:</font></td>
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                                        <div>&#160; </div>
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                                      <td width="50%">&#160;</td>
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                                    <tr bgcolor="white">
                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                        </td>
                                    </tr>

                                </table>
                              </div>
                              <div>&#160;</div>
                              <div align="left">
                                <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                    <tr bgcolor="white">
                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
                                      <td width="42%" style="border-bottom: black thin solid;">
                                        <div>&#160; </div>
                                      </td>
                                    </tr>

                                </table>
                              </div>
                            </div>
                            <div>&#160;</div>
                            <div>
                              <div id="GLFTR" style="WIDTH: 100%" align="left">
                              </div>
                            </div>
                            <div id="PN" style="PAGE-BREAK-AFTER: always">
                              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">15</font></div>
                              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                                <hr style="COLOR: black" noshade size="2">
                              </div>
                            </div>
                            <div id="HDR">
                              <div id="GLHDR" style="WIDTH: 100%" align="right">
                              </div>
                              <div>&#160;</div>
                              <div align="left">
                                <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                    <tr bgcolor="white">
                                      <td width="50%">&#160;</td>
                                      <td colspan="2" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INVESTORS</strong></font></td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td width="50%" style="border-bottom: medium none;">
                                      </td>
                                      <td colspan="2" width="50%" style="border-bottom: medium none;">
                                      </td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td colspan="2" width="50%" style="border-bottom: black thin solid;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
                                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CGM
                                            as c/f Ronald I. Heller IRA</font></div>
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                                      </td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td width="50%">&#160;</td>
                                      <td width="3%">&#160;</td>
                                      <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
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                                    <tr bgcolor="white">
                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td width="3%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></td>
                                      <td width="47%" style="border-bottom: black thin solid;">
                                        <div><font size="2">/s/ <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ronald
                                          J. Heller</font></font></div>
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                                    <tr bgcolor="white">
                                      <td width="50%">&#160;</td>
                                      <td width="3%">&#160;</td>
                                      <td width="47%"><font size="2">Name: <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ronald
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                                    <tr bgcolor="white">
                                      <td width="50%">&#160;</td>
                                      <td width="3%">&#160;</td>
                                      <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:</font></font></td>
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                              </div>
                              <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                                <div id="FTR">&#160;</div>
                                <div>
                                  <div align="left">
                                    <table bgcolor="white" border="0" cellpadding="0" cellspacing="0" width="100%">

                                        <tr bgcolor="white">
                                          <td width="50%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                          <td width="16%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Address
                                            for Notice:</font></td>
                                          <td width="34%" style="border-bottom: black thin solid;">
                                            <div>&#160; </div>
                                          </td>
                                        </tr>
                                        <tr bgcolor="white">
                                          <td width="50%">&#160;</td>
                                          <td colspan="2" width="50%">&#160;</td>
                                        </tr>
                                        <tr bgcolor="white">
                                          <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                          <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                            </td>
                                        </tr>
                                        <tr bgcolor="white">
                                          <td width="50%">&#160;</td>
                                          <td colspan="2" width="50%">&#160;</td>
                                        </tr>
                                        <tr bgcolor="white">
                                          <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                          <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                            </td>
                                        </tr>

                                    </table>
                                  </div>
                                  <div>&#160;</div>
                                  <div align="left">
                                    <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                        <tr bgcolor="white">
                                          <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                          <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
                                          <td width="42%" style="border-bottom: black thin solid;">
                                            <div>&#160; </div>
                                          </td>
                                        </tr>

                                    </table>
                                  </div>
                                </div>
                                <div>&#160;</div>
                                <div>
                                  <div id="GLFTR" style="WIDTH: 100%" align="left">
                                  </div>
                                </div>
                                <div id="PN" style="PAGE-BREAK-AFTER: always">
                                  <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">16</font></div>
                                  <div style="WIDTH: 100%; TEXT-ALIGN: center">
                                    <hr style="COLOR: black" noshade size="2">
                                  </div>
                                </div>
                                <div id="HDR">
                                  <div id="GLHDR" style="WIDTH: 100%" align="right">
                                  </div>
                                  <div>&#160;</div>
                                  <div align="left">
                                    <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                        <tr bgcolor="white">
                                          <td width="50%">&#160;</td>
                                          <td colspan="2" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INVESTORS</strong></font></td>
                                        </tr>
                                        <tr bgcolor="white">
                                          <td width="50%" style="border-bottom: medium none;">
                                          </td>
                                          <td colspan="2" width="50%" style="border-bottom: medium none;">
                                          </td>
                                        </tr>
                                        <tr bgcolor="white">
                                          <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                          <td colspan="2" width="50%" style="border-bottom: black thin solid;">
                                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
                                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Whitebox
                                                Intermarket Partners, LP</font></div>
                                            </div>
                                          </td>
                                        </tr>
                                        <tr bgcolor="white">
                                          <td width="50%">&#160;</td>
                                          <td width="3%">&#160;</td>
                                          <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                        </tr>
                                        <tr bgcolor="white">
                                          <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                          <td width="3%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></td>
                                          <td width="47%" style="border-bottom: black thin solid;">
                                            <div><font size="2">/s/ <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Jonathan
                                              Wood</font></font></div>
                                          </td>
                                        </tr>
                                        <tr bgcolor="white">
                                          <td width="50%">&#160;</td>
                                          <td width="3%">&#160;</td>
                                          <td width="47%"><font size="2">Name:
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Jonathan
                                            Wood</font></font></td>
                                        </tr>
                                        <tr bgcolor="white">
                                          <td width="50%">&#160;</td>
                                          <td width="3%">&#160;</td>
                                          <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                                            Director / CEO</font></font></td>
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                                    </table>
                                  </div>
                                  <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                                    <div id="FTR">&#160;</div>
                                    <div>
                                      <div align="left">
                                        <table bgcolor="white" border="0" cellpadding="0" cellspacing="0" width="100%">

                                            <tr bgcolor="white">
                                              <td width="50%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                              <td width="16%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Address
                                                for Notice:</font></td>
                                              <td width="34%" style="border-bottom: black thin solid;">
                                                <div>&#160; </div>
                                              </td>
                                            </tr>
                                            <tr bgcolor="white">
                                              <td width="50%">&#160;</td>
                                              <td colspan="2" width="50%">&#160;</td>
                                            </tr>
                                            <tr bgcolor="white">
                                              <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                              <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                                </td>
                                            </tr>
                                            <tr bgcolor="white">
                                              <td width="50%">&#160;</td>
                                              <td colspan="2" width="50%">&#160;</td>
                                            </tr>
                                            <tr bgcolor="white">
                                              <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                              <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                                </td>
                                            </tr>

                                        </table>
                                      </div>
                                      <div>&#160;</div>
                                      <div align="left">
                                        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                            <tr bgcolor="white">
                                              <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                              <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
                                              <td width="42%" style="border-bottom: black thin solid;">
                                                <div>&#160; </div>
                                              </td>
                                            </tr>

                                        </table>
                                      </div>
                                    </div>
                                    <div>&#160;</div>
                                    <div>
                                      <div id="GLFTR" style="WIDTH: 100%" align="left">
                                      </div>
                                    </div>
                                    <div id="PN" style="PAGE-BREAK-AFTER: always">
                                      <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">17</font></div>
                                      <div style="WIDTH: 100%; TEXT-ALIGN: center">
                                        <hr style="COLOR: black" noshade size="2">
                                      </div>
                                    </div>
                                    <div id="HDR">
                                      <div id="GLHDR" style="WIDTH: 100%" align="right">
                                      </div>
                                      <div>&#160;</div>
                                      <div align="left">
                                        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                            <tr bgcolor="white">
                                              <td width="50%">&#160;</td>
                                              <td colspan="2" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INVESTORS</strong></font></td>
                                            </tr>
                                            <tr bgcolor="white">
                                              <td width="50%" style="border-bottom: medium none;">
                                              </td>
                                              <td colspan="2" width="50%" style="border-bottom: medium none;">
                                              </td>
                                            </tr>
                                            <tr bgcolor="white">
                                              <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                              <td colspan="2" width="50%" style="border-bottom: black thin solid;">
                                                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Midsouth
                                                  Investor Fund LP</font></div>
                                              </td>
                                            </tr>
                                            <tr bgcolor="white">
                                              <td width="50%">&#160;</td>
                                              <td width="3%">&#160;</td>
                                              <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                            </tr>
                                            <tr bgcolor="white">
                                              <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                              <td width="3%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></td>
                                              <td width="47%" style="border-bottom: black thin solid;">
                                                <div><font size="2">/s/ <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Lyman
                                                  Heidtke</font></font></div>
                                              </td>
                                            </tr>
                                            <tr bgcolor="white">
                                              <td width="50%">&#160;</td>
                                              <td width="3%">&#160;</td>
                                              <td width="47%"><font size="2">Name:
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Lyman
                                                Heidtke</font></font></td>
                                            </tr>
                                            <tr bgcolor="white">
                                              <td width="50%">&#160;</td>
                                              <td width="3%">&#160;</td>
                                              <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                                                G.P.</font></font></td>
                                            </tr>

                                        </table>
                                      </div>
                                      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                                        <div id="FTR">&#160;</div>
                                        <div>
                                          <div align="left">
                                            <table bgcolor="white" border="0" cellpadding="0" cellspacing="0" width="100%">

                                                <tr bgcolor="white">
                                                  <td width="50%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                                  <td width="16%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Address
                                                    for Notice:</font></td>
                                                  <td width="34%" style="border-bottom: black thin solid;">
                                                    <div>&#160; </div>
                                                  </td>
                                                </tr>
                                                <tr bgcolor="white">
                                                  <td width="50%">&#160;</td>
                                                  <td colspan="2" width="50%">&#160;</td>
                                                </tr>
                                                <tr bgcolor="white">
                                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                  <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                                    </td>
                                                </tr>
                                                <tr bgcolor="white">
                                                  <td width="50%">&#160;</td>
                                                  <td colspan="2" width="50%">&#160;</td>
                                                </tr>
                                                <tr bgcolor="white">
                                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                  <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                                    </td>
                                                </tr>

                                            </table>
                                          </div>
                                          <div>&#160;</div>
                                          <div align="left">
                                            <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                                <tr bgcolor="white">
                                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                  <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
                                                  <td width="42%" style="border-bottom: black thin solid;">
                                                    <div>&#160; </div>
                                                  </td>
                                                </tr>

                                            </table>
                                          </div>
                                        </div>
                                        <div>&#160;</div>
                                        <div>
                                          <div id="GLFTR" style="WIDTH: 100%" align="left">
                                          </div>
                                        </div>
                                        <div id="PN" style="PAGE-BREAK-AFTER: always">
                                          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">18</font></div>
                                          <div style="WIDTH: 100%; TEXT-ALIGN: center">
                                            <hr style="COLOR: black" noshade size="2">
                                          </div>
                                        </div>
                                        <div id="HDR">
                                          <div id="GLHDR" style="WIDTH: 100%" align="right">
                                          </div>
                                          <div>&#160;</div>
                                          <div align="left">
                                            <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                                <tr bgcolor="white">
                                                  <td width="50%">&#160;</td>
                                                  <td colspan="2" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INVESTORS</strong></font></td>
                                                </tr>
                                                <tr bgcolor="white">
                                                  <td width="50%" style="border-bottom: medium none;">
                                                  </td>
                                                  <td colspan="2" width="50%" style="border-bottom: medium none;">
                                                  </td>
                                                </tr>
                                                <tr bgcolor="white">
                                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                  <td colspan="2" width="50%" style="border-bottom: black thin solid;">
                                                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
                                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Precept
                                                        Capital Management</font></div>
                                                    </div>
                                                  </td>
                                                </tr>
                                                <tr bgcolor="white">
                                                  <td width="50%">&#160;</td>
                                                  <td width="3%">&#160;</td>
                                                  <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                                </tr>
                                                <tr bgcolor="white">
                                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                  <td width="3%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></td>
                                                  <td width="47%" style="border-bottom: black thin solid;">
                                                    <div><font size="2">/s/ <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">D.
                                                      Blair Baker</font></font></div>
                                                  </td>
                                                </tr>
                                                <tr bgcolor="white">
                                                  <td width="50%">&#160;</td>
                                                  <td width="3%">&#160;</td>
                                                  <td width="47%"><font size="2">Name:
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">D.
                                                    Blair Baker</font></font></td>
                                                </tr>
                                                <tr bgcolor="white">
                                                  <td width="50%">&#160;</td>
                                                  <td width="3%">&#160;</td>
                                                  <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                                                    Man Memer, Precept Management
                                                    LLC.</font></font></td>
                                                </tr>

                                            </table>
                                          </div>
                                          <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                                            <div id="FTR">&#160;</div>
                                            <div>
                                              <div align="left">
                                                <table bgcolor="white" border="0" cellpadding="0" cellspacing="0" width="100%">

                                                    <tr bgcolor="white">
                                                      <td width="50%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                                      <td width="16%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Address
                                                        for Notice:</font></td>
                                                      <td width="34%" style="border-bottom: black thin solid;">
                                                        <div>&#160; </div>
                                                      </td>
                                                    </tr>
                                                    <tr bgcolor="white">
                                                      <td width="50%">&#160;</td>
                                                      <td colspan="2" width="50%">&#160;</td>
                                                    </tr>
                                                    <tr bgcolor="white">
                                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                      <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                                        </td>
                                                    </tr>
                                                    <tr bgcolor="white">
                                                      <td width="50%">&#160;</td>
                                                      <td colspan="2" width="50%">&#160;</td>
                                                    </tr>
                                                    <tr bgcolor="white">
                                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                      <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                                        </td>
                                                    </tr>

                                                </table>
                                              </div>
                                              <div>&#160;</div>
                                              <div align="left">
                                                <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                                    <tr bgcolor="white">
                                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                      <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
                                                      <td width="42%" style="border-bottom: black thin solid;">
                                                        <div>&#160; </div>
                                                      </td>
                                                    </tr>

                                                </table>
                                              </div>
                                            </div>
                                            <div>&#160;</div>
                                            <div>
                                              <div id="GLFTR" style="WIDTH: 100%" align="left">
                                              </div>
                                            </div>
                                            <div id="PN" style="PAGE-BREAK-AFTER: always">
                                              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">19</font></div>
                                              <div style="WIDTH: 100%; TEXT-ALIGN: center">
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                                            <div id="HDR">
                                              <div id="GLHDR" style="WIDTH: 100%" align="right">
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                                              <div>&#160;</div>
                                              <div align="left">
                                                <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                                    <tr bgcolor="white">
                                                      <td width="50%">&#160;</td>
                                                      <td colspan="2" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INVESTORS</strong></font></td>
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                                                    <tr bgcolor="white">
                                                      <td width="50%" style="border-bottom: medium none;">
                                                      </td>
                                                      <td colspan="2" width="50%" style="border-bottom: medium none;">
                                                      </td>
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                                                    <tr bgcolor="white">
                                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                      <td colspan="2" width="50%" style="border-bottom: black thin solid;">
                                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
                                                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Straus
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                                                        </div>
                                                      </td>
                                                    </tr>
                                                    <tr bgcolor="white">
                                                      <td width="50%">&#160;</td>
                                                      <td width="3%">&#160;</td>
                                                      <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
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                                                    <tr bgcolor="white">
                                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                      <td width="3%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></td>
                                                      <td width="47%" style="border-bottom: black thin solid;">
                                                        <div><font size="2">/s/
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                                                          Connors</font></font></div>
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                                                    <tr bgcolor="white">
                                                      <td width="50%">&#160;</td>
                                                      <td width="3%">&#160;</td>
                                                      <td width="47%"><font size="2">Name:
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Craig
                                                        Connors</font></font></td>
                                                    </tr>
                                                    <tr bgcolor="white">
                                                      <td width="50%">&#160;</td>
                                                      <td width="3%">&#160;</td>
                                                      <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
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                                                    </tr>

                                                </table>
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                                              <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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                                                        <tr bgcolor="white">
                                                          <td width="50%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                                          <td width="16%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Address
                                                            for Notice:</font></td>
                                                          <td width="34%" style="border-bottom: black thin solid;">
                                                            <div>&#160; </div>
                                                          </td>
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                                                        <tr bgcolor="white">
                                                          <td width="50%">&#160;</td>
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                                                          <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                          <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
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                                                        <tr bgcolor="white">
                                                          <td width="50%">&#160;</td>
                                                          <td colspan="2" width="50%">&#160;</td>
                                                        </tr>
                                                        <tr bgcolor="white">
                                                          <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                          <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                                            </td>
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                                                    </table>
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                                                  <div>&#160;</div>
                                                  <div align="left">
                                                    <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                                        <tr bgcolor="white">
                                                          <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                          <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
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                                                            <div>&#160;&#160; </div>
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                                                <div>&#160;</div>
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                                                <div id="PN" style="PAGE-BREAK-AFTER: always">
                                                  <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">20</font></div>
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                                                  <div>&#160;</div>
                                                  <div align="left">
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                                                        <tr bgcolor="white">
                                                          <td width="50%">&#160;</td>
                                                          <td colspan="2" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INVESTORS</strong></font></td>
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                                                        <tr bgcolor="white">
                                                          <td width="50%" style="border-bottom: medium none;">
                                                          </td>
                                                          <td colspan="2" width="50%" style="border-bottom: medium none;">
                                                          </td>
                                                        </tr>
                                                        <tr bgcolor="white">
                                                          <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                          <td colspan="2" width="50%" style="border-bottom: black thin solid;">
                                                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
                                                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Straus
                                                                GEPT Partners LP</font></div>
                                                            </div>
                                                          </td>
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                                                        <tr bgcolor="white">
                                                          <td width="50%">&#160;</td>
                                                          <td width="3%">&#160;</td>
                                                          <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
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                                                        <tr bgcolor="white">
                                                          <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                          <td width="3%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></td>
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                                                        <tr bgcolor="white">
                                                          <td width="50%">&#160;</td>
                                                          <td width="3%">&#160;</td>
                                                          <td width="47%"><font size="2">Name:
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Craig
                                                            Connors</font></font></td>
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                                                          <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:</font></font></td>
                                                        </tr>

                                                    </table>
                                                  </div>
                                                  <div>&#160;</div>
                                                  <div>
                                                    <div align="left">
                                                      <table bgcolor="white" border="0" cellpadding="0" cellspacing="0" width="100%">

                                                          <tr bgcolor="white">
                                                            <td width="50%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                                            <td width="16%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Address
                                                              for Notice:</font></td>
                                                            <td width="34%" style="border-bottom: black thin solid;">
                                                              <div>&#160;&#160; </div>
                                                            </td>
                                                          </tr>
                                                          <tr bgcolor="white">
                                                            <td width="50%">&#160;</td>
                                                            <td colspan="2" width="50%">&#160;</td>
                                                          </tr>
                                                          <tr bgcolor="white">
                                                            <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                            <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;&#160;
</td>
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                                                          <tr bgcolor="white">
                                                            <td width="50%">&#160;</td>
                                                            <td colspan="2" width="50%">&#160;</td>
                                                          </tr>
                                                          <tr bgcolor="white">
                                                            <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                            <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                                              </td>
                                                          </tr>

                                                      </table>
                                                    </div>
                                                    <div>&#160;</div>
                                                    <div align="left">
                                                      <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                                          <tr bgcolor="white">
                                                            <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                            <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
                                                            <td width="42%" style="border-bottom: black thin solid;">
                                                              <div>&#160; </div>
                                                            </td>
                                                          </tr>

                                                      </table>
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                                                    <div align="left">&#160;</div>
                                                  </div>
                                                  <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                                                    <div id="FTR">
                                                      <div id="GLFTR" style="WIDTH: 100%" align="left">
                                                      </div>
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                                                    <div id="PN" style="PAGE-BREAK-AFTER: always">
                                                      <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">21</font></div>
                                                      <div style="WIDTH: 100%; TEXT-ALIGN: center">
                                                        <hr style="COLOR: black" noshade size="2">
                                                      </div>
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                                                    <div id="HDR">
                                                      <div id="GLHDR" style="WIDTH: 100%" align="right">
                                                      </div>
                                                      <div>&#160;</div>
                                                      <div align="left">
                                                        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                                            <tr bgcolor="white">
                                                              <td width="50%">&#160;</td>
                                                              <td colspan="2" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INVESTORS</strong></font></td>
                                                            </tr>
                                                            <tr bgcolor="white">
                                                              <td width="50%" style="border-bottom: medium none;">
                                                              </td>
                                                              <td colspan="2" width="50%" style="border-bottom: medium none;">
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                                                            </tr>
                                                            <tr bgcolor="white">
                                                              <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                              <td colspan="2" width="50%" style="border-bottom: black thin solid;">
                                                                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
                                                                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">T.
                                                                    Rowe Price Small
                                                                    Cap Value Fund</font></div>
                                                                </div>
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                                                            <tr bgcolor="white">
                                                              <td width="50%">&#160;</td>
                                                              <td width="3%">&#160;</td>
                                                              <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                                            </tr>
                                                            <tr bgcolor="white">
                                                              <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                              <td width="3%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></td>
                                                              <td width="47%" style="border-bottom: black thin solid;">
                                                                <div><font size="2">/s/
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                                                                  A. McCrickard</font></font></div>
                                                              </td>
                                                            </tr>
                                                            <tr bgcolor="white">
                                                              <td width="50%">&#160;</td>
                                                              <td width="3%">&#160;</td>
                                                              <td width="47%"><font size="2">Name:
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Gregory
                                                                A. McCrickard</font></font></td>
                                                            </tr>
                                                            <tr bgcolor="white">
                                                              <td width="50%">&#160;</td>
                                                              <td width="3%">&#160;</td>
                                                              <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                                                                VP</font></font></td>
                                                            </tr>

                                                        </table>
                                                      </div>
                                                      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                                                        <div id="FTR">&#160;</div>
                                                        <div>
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                                                            <table bgcolor="white" border="0" cellpadding="0" cellspacing="0" width="100%">

                                                                <tr bgcolor="white">
                                                                  <td width="50%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                                                  <td width="16%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Address
                                                                    for Notice:</font></td>
                                                                  <td width="34%" style="border-bottom: black thin solid;">
                                                                    <div>&#160;
</div>
                                                                  </td>
                                                                </tr>
                                                                <tr bgcolor="white">
                                                                  <td width="50%">&#160;</td>
                                                                  <td colspan="2" width="50%">&#160;</td>
                                                                </tr>
                                                                <tr bgcolor="white">
                                                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                                  <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                                                    </td>
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                                                                <tr bgcolor="white">
                                                                  <td width="50%">&#160;</td>
                                                                  <td colspan="2" width="50%">&#160;</td>
                                                                </tr>
                                                                <tr bgcolor="white">
                                                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                                  <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;
                                                                    </td>
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                                                            </table>
                                                          </div>
                                                          <div>&#160;</div>
                                                          <div align="left">
                                                            <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                                                <tr bgcolor="white">
                                                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                                  <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
                                                                  <td width="42%" style="border-bottom: black thin solid;">
                                                                    <div>&#160;
</div>
                                                                  </td>
                                                                </tr>

                                                            </table>
                                                          </div>
                                                        </div>
                                                        <div>&#160;</div>
                                                        <div>
                                                          <div id="GLFTR" style="WIDTH: 100%" align="left">
                                                          </div>
                                                        </div>
                                                        <div id="PN" style="PAGE-BREAK-AFTER: always">
                                                          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">22</font></div>
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                                                        <div id="HDR">
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                                                          </div>
                                                          <div>&#160;</div>
                                                          <div align="left">
                                                            <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                                                <tr bgcolor="white">
                                                                  <td width="50%">&#160;</td>
                                                                  <td colspan="2" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INVESTORS</strong></font></td>
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                                                                  <td width="50%" style="border-bottom: medium none;">
                                                                  </td>
                                                                  <td colspan="2" width="50%" style="border-bottom: medium none;">
                                                                  </td>
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                                                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
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                                                                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
                                                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Vision
                                                                        Opportunity
                                                                        Master Fund</font></div>
                                                                    </div>
                                                                  </td>
                                                                </tr>
                                                                <tr bgcolor="white">
                                                                  <td width="50%">&#160;</td>
                                                                  <td width="3%">&#160;</td>
                                                                  <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                                                </tr>
                                                                <tr bgcolor="white">
                                                                  <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                                  <td width="3%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></td>
                                                                  <td width="47%" style="border-bottom: black thin solid;">
                                                                    <div><font size="2">/s/
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                                                                      Benowitz</font></font></div>
                                                                  </td>
                                                                </tr>
                                                                <tr bgcolor="white">
                                                                  <td width="50%">&#160;</td>
                                                                  <td width="3%">&#160;</td>
                                                                  <td width="47%"><font size="2">Name:
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Adam
                                                                    Benowitz</font></font></td>
                                                                </tr>
                                                                <tr bgcolor="white">
                                                                  <td width="50%">&#160;</td>
                                                                  <td width="3%">&#160;</td>
                                                                  <td width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:</font></font></td>
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                                                            </table>
                                                          </div>
                                                          <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                                                            <div id="FTR">&#160;</div>
                                                            <div>
                                                              <div align="left">
                                                                <table bgcolor="white" border="0" cellpadding="0" cellspacing="0" width="100%">

                                                                    <tr bgcolor="white">
                                                                      <td width="50%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                                                      <td width="16%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Address
                                                                        for Notice:</font></td>
                                                                      <td width="34%" style="border-bottom: black thin solid;">
                                                                        <div>&#160;&#160;&#160;
</div>
                                                                      </td>
                                                                    </tr>
                                                                    <tr bgcolor="white">
                                                                      <td width="50%">&#160;</td>
                                                                      <td colspan="2" width="50%">&#160;</td>
                                                                    </tr>
                                                                    <tr bgcolor="white">
                                                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                                      <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;&#160;
</td>
                                                                    </tr>
                                                                    <tr bgcolor="white">
                                                                      <td width="50%">&#160;</td>
                                                                      <td colspan="2" width="50%">&#160;</td>
                                                                    </tr>
                                                                    <tr bgcolor="white">
                                                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                                      <td colspan="2" width="50%" style="border-bottom: black thin solid;">&#160;&#160;
</td>
                                                                    </tr>

                                                                </table>
                                                              </div>
                                                              <div>&#160;</div>
                                                              <div align="left">
                                                                <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                                                    <tr bgcolor="white">
                                                                      <td width="50%" style="border-bottom: #ffffff solid;">&#160;</td>
                                                                      <td width="8%" style="border-bottom: #ffffff solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Facsimile:</font></td>
                                                                      <td width="42%" style="border-bottom: black thin solid;">
                                                                        <div>&#160;&#160;
</div>
                                                                      </td>
                                                                    </tr>

                                                                </table>
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                                                            <div>&#160;</div>
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                                                            </div>
                                                            <div id="PN" style="PAGE-BREAK-AFTER: always">
                                                              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT
      A</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Fee
      Schedule</font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">24</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT
      B</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Schedule
      of Distribution of Escrow Shares, if Necessary</font></div>
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                of Investor and Address</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Number
                of Make Good Shares</strong></font></div>
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            <td width="2%">&#160;</td>
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          <tr>
            <td valign="top" width="49%">&#160;</td>
            <td width="2%">&#160;</td>
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          <tr>
            <td valign="top" width="49%">&#160;</td>
            <td width="2%">&#160;</td>
            <td valign="top" width="49%">&#160;</td>
          </tr>

      </table>
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    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">25</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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      <div id="HDR">
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    <div>&#160;</div>
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</DOCUMENT>
