TEAM

Jeff M. McClure, Chairman and CEO

Mr. McClure founded The Bear Companies,* an Arlington, Virginia based boutique investment banking firm, in 2002 to provide financing and advisory services to real estate and financial services companies through the debt, equity and structured finance markets. In the past three years TBC has provided more than $1.5 billion of capital to real estate and financial entities. Additionally, TBC has been instrumental in the creation of multi billion dollar securitization platforms. Most recently, TBC has participated in the reorganization, workout, or liquidation of 5 entities on behalf of certain creditors. Prior to TBC, Mr. McClure spent five years at Friedman Billings Ramsey, serving most recently as a Managing Director in the Real Estate Investment Banking Group. While at FBR, Mr. McClure raised over $4 billion of debt and equity for real estate investment trusts and real estate companies through public offerings and private placements. Prior to joining FBR, Mr. McClure held management positions with the RER Financial Group, FDIC, FSLIC, and FHLMC (Freddie Mac). Mr. McClure was responsible for the resolution of troubled complex financial instruments including mortgages, securities, and equity interests. Mr. McClure also was involved in the management and resolution of numerous failed financial institutions and their various subsidiaries and other interests. Mr. McClure received his Juris Doctor with Distinction from the George Mason University School of Law and is a member of the Virginia bar. Mr. McClure received his B.B.A. in Finance from Texas A&M University. * including its predecessor and affiliated entities

Harry J. Devens, President and COO

Mr. Devens co-founded The Bear Companies* with Mr. McClure in 2002 and is President and Chief Operating Officer of The Bear Companies and its affiliated broker-dealer. In addition to senior management responsibilities, Mr. Devens heads the broker-dealer division, which originated over $1.5 billion of capital for clients in the past three years. Most recently, Mr. Devens has spearheaded The Bear Companies’ restructuring and recapitalization practice. TBC represents certain creditors in five nationally or regionally prominent cases. Prior to The Bear Companies, Mr. Devens was a Senior Associate in the Real Estate Investment Banking Group of Goldman Sachs in New York. At Goldman, Mr. Devens specialized in structured real estate debt origination and securitization. He was actively involved with secured, fixed- and floating-rate debt transactions totaling more than $5 billion, including Rockefeller Center (the largest U.S. single-asset transaction up to that time), Cal West (the largest industrial portfolio transaction at that time), and several complex pooled-loan transactions (smaller-balance conduit securitizations). Before joining Goldman, Mr. Devens was an Associate with RER Financial Group in Virginia, providing financial analysis for both private and public real estate transactions and helping Wall Street firms establish conduit or large-balance securitization programs. Mr. Devens received his Juris Doctor from the George Mason University School of Law and is a member of the Virginia bar. Mr. Devens received his B.A. in Political Science from Colgate University. * including its predecessor and affiliated entities

Mindi H. McClure, Principal

Ms. McClure joined The Bear Companies in 2006 to expand the firm’s capabilities in financial services. She previously spent fifteen years at Friedman Billings Ramsey where she was most recently a Senior Managing Director of FBR’s Financial Services investment banking practice. During her tenure there she completed approximately $8 billion of capital markets and advisory services transactions for banks and other financial services companies. She was instrumental in developing FBR’s financial services investment banking practice and was responsible for developing and managing many of the firm’s most important client relationships and executing innovative transactions on their behalf. These transactions included the best performing IPO in the US in 2003 and numerous bank management lift-outs and capitalizations. In addition, she was instrumental in some of the most complex bank and thrift restructurings and recapitalizations completed in the early 1990s. These transactions included investor rights offerings and common stock; non-cumulative-perpetual preferred and trust preferred stock; and subordinated and senior debt offerings structured to meet specific regulatory capital targets while limiting adverse tax consequences and enhancing investor returns. She received a B.A. in English Literature from The University of Richmond.

---