George Lewis Strobel Ii

Since mid-2002 MR. STROBEL has worked AS A CPA THROUGH PERIGEE CONSULTING LLP AND AS AN INSURANCE CONSULTANT/SALEMAN THORUGH PERIGEE WEALTH MANAGEMENT LP. MR. STROBEL ALSO HAS Tax Related CONSULTING PROJECTS RUNNING THROUGH SARASOTA CAPITAL LP WHICH ARE NOT RELATED TO PERIGEE SECURITIES LP. Mr. Strobel is also the DIrector of Perigee Group LLC which serves as the general partner of Perigee Wealth Management LP, Sarasota Capital LP and Perigee Securities LP. MR. STROBEL SENDS 10 % OF HIS WORKING HOURS ON THESE OUTSIDE BUSINESSES. These entities are all located at the same address as Perigee Securities LP. AS A PART OF THE CPA BUSINESS MR. STROBEL IS ALSO THE CO-FOUNDER OF STATE TAX CREDIT EXCHANGE, LLC which began in December 2004, NOW KNOWN AS MONARCH TAX CREDITS LLC ("MTC") WHICH IS AN ENTITY that makes available TAX CREDITS FOR HIGH NET WORTH INDIVIDUALS AND Corporations TO USE TO OFFSET THEIR INCOME AND PREMIUM TAX LIABILITIES. MTC is owned by Monarch Private Capital LLC ("MPC")(a holding company conducting no activities) which in turn is partially owned by Strobel Investments LP. MTC has over 400 different subsidiary entities which it either controls as the managing member or owns more than 50% of the entity. Generally, one of the following MTC controlled entities serves as a manager of the other entities: STCE Federal HTC Manager, STCE AL Manager, LLC, STCE State HTC Manager, LLC, Georgia AHI Fund 1 Manager, LLC, Georgia AHI Fund 2 Manager, LLC, Georgia AHI Fund A Manager, LLC, Georgia AHI Fund B Manager, LLC, Georgia AHI Fund 4 Manager, LLC, STCE MO Manager, LLC, STCE NC Historic Tax Credit Fund Manager, LLC, STCE NC Manager, LLC, Monarch Federal HTC Manager, LLC; STCE SC Manager, LLC, MPC State LIHTC Manager, LLC, Monarch Federal Energy Fund Manager, LLC, and Monarch Federal LIHTC Manager, LLC. The remaining entities merely act as investment vehicles for making direct or indirect investments in project partnerships which are expected to generate tax credits of one or more types. MPC also owns another passive holding company called Monarch Private Investments, LLC ("MPI"). MPI owns interests in Alchemy Renewable Energy, LLC (a renewable energy development and service company), Monarch Low Income Housing, LLC, Monarch Low Income Housing, LLC, MPC HTC Holdings, LLC, and MRI Real Estate Holdings, LLC. Through these investments MPI has direct and indirect ownership interests in roughly half a dozen affordable housing developers. MPI's interests in these developers is completely purely hands off. All of the MPC businesses are headquartered at 3414 Peachtree RD., Ste 825, Atlanta GA 30326, with the exception of Alchemy Renewable Energy LLC which is located at 909 East Republic Rd, Unit F-100, Springfield, MO 65807. Mr. Strobel Serves as an Executive Director of each of these entities. MR. STROBEL SPENDS 85% OF HIS TIME ON the activities of MPC and its subsidiary entities. Strobel Investments has also invested in STR9PUTT, LLC WHICH IS A MANUFACTURER AND SELLER OF PUTTING AIDES.