Representative Transactions

Financing

July 2008 American Oriental Bioengineering, Inc. $115 Million Private Placement Co-Manager Review Transaction January 2008 Asia Special Situation Acquisition Corp. $115 Million Initial Public Offering Co-Manager Review Transaction January 2008 China Hydroelectric Corporation $150 Million Private Placement Co-Placement Agent Review Transaction December 2007 Advanced Life Sciences, Inc. $20 Million Private Placement Co-Manager Review Transaction November 2007 Synthesis Energy Systems, Inc. $53.5 Million Common Stock Offering Sole Placement Agent Review Transaction July 2007 Primus Telecommunications Group, Inc. $22.5 Million Common Stock Offering Sole Placement Agent Review Transaction June 2007 Advanced Technology Acquisition Corp. $172.5 Million Initial Public Offering Lead Manager Review Transaction May 2007 Shermen WSC Acquisition Corp. $138 Million Initial Public Offering Co-Lead Manager Review Transaction May 2007 Jingwei International Limited $17 Million Private Placement Sole Placement Agent Review Transaction March 2007 Energy Maintenance Services Group I, LLC $83 Million Senior Secured Notes and Warrants Sole Placement Agent Review Transaction March 2007 Brazil Ethanol, Inc. $150 Million Private Placement Sole Manager Review Transaction March 2007 Pioneer Companies, Inc. $120 Million Convertible Offering Co-Manager Review Transaction February 2007 Vion Pharmaceuticals $60 Million Convertible Offering Sole Manager Review Transaction December 2006 Transforma Acquisition Group Inc. $100 Million Initial Public Offering Co-Lead Manager Review Transaction December 2006 Acquicor Technology Inc. $166.7 Million Convertible Offering Lead Manager Review Transaction November 2006 Paragon Shipping Inc. $113 Million Rule 144A Units Offering Co-Lead Manager Review Transaction July 2006 Viceroy Acquisition Corporation $180 Million Initial Public Offering Lead Placing Agent Review Transaction June 2006 Westmoreland Coal Company $30 Million Bridge Loan Placement Agent Review Transaction May 2006 Vistula Communications Services, Inc. $16.3 Million Equity Offering Placement Agent Review Transaction April 2006 Cell Therapeutics $33.2 Million Convertible Offering Sole Manager Review Transaction March 2006 North American Insurance Leaders $115 Million Initial Public Offering Lead Manager Review Transaction March 2006 Acquicor Technology Inc. $172 Million Initial Public Offering Co-Lead Manager Review Transaction March 2006 Oracle Healthcare Acquisition Corporation $120 Million Initial Publc Offering Lead Manager Review Transaction December 2005 Intrepid Pictures, LLC Private Placement Financial Advisor and Placement Agent Review Transaction December 2005 American Oriental Bioengineering, Inc. $60 Million Equity Offering Co-Placement Agent Review Transaction November 2005 Cell Therapeutics $82 Million Convertible Offering Sole Manager Review Transaction October 2005 Federal Services Acquisition Corporation $126 Million Initial Public Offering Sole Manager Review Transaction December 2004 Pioneer Companies $22.7 Million Common Stock Offering Sole Manager Review Transaction November 2004 MDU Communications $16.3 Million Equity Offering Placement Agent Review Transaction June 2004 Evergreen Solar $20 Million Equity Offering Placement Agent Review Transaction March 2004 Sunterra Corporation $95 Million Convertible Offering Co-Manager Review Transaction November 2003 Valero Energy $150 Million Notes Monetization Placement Agent Review Transaction

Advisory

July 2008 EMS Energy Services Mexico $30,000,000 Financial Advisor Review Transaction July 2008 Calhoun LNG Financial Advisor Advisor to Investor Review Transaction July 2008 EMS Consent Solicitation Financial Advisor Review Transaction May 2008 ATS Corporation Warrant Exchange Offer Dealer Manager Review Transaction February 2008 TOUSA, Inc. Financial Advisor Advisor to Equity Holder Review Transaction January 2008 Brazil Ethanol Inc. Has Acquired S.A. Leão e Irmãos Açúcar e Álcool Financial Advisor Review Transaction November 2007 H-Tel Holdings, Inc. Has Been Sold to Teleperformance Group, Inc. Financial Advisor Review Transaction February 2007 Primus Telecommunications Inc. Solvency Opinion Financial Advisor to the Board of Directors Review Transaction November 2006 Springs Industries Has Sold its Decorative Flooring Division to C.S. Brooks World Carpet Financial Advisor Review Transaction January 2006 Springs Industries Merger of Home Textile Businesses Coteminas Financial Advisor Review Transaction January 2006 Hispanic Teleservices Corporation Has Been Sold to The Carlyle Group Financial Advisor Review Transaction August 2005 Carlisle Companies, Inc. Has Sold its Automotive Business to The Reserve Group Financial Advisor Review Transaction June 2005 Samuel Cabot, Inc. Has Been Sold to The Valspar Corporation Financial Advisor Review Transaction June 2004 Castle Dental Centers Has Merged With Bright Now! Dental Financial Advisor Review Transaction January 2004 Poorman-Douglas Has Been Sold to EPIQ Systems Financial Advisor Review Transaction January 2004 Hamon & Cie Has Sold its Cooling Tower Business SPX Corporation Financial Advisor Review Transaction December 2003 Bob's Stores, Inc. Has Been Sold to The TJX Companies Financial Advisor Review Transaction