Scura, Rise & Partners, LLC

Unicorn Financial - $10,000,000 Securitized 'B' Note Facility; $5,000,000 Senior Secured Note

• Scura, Rise & Partners, LLC acted as Placemet Agent of the Facility and the Notes.
• Unicorn Financial Services provides financing for individuals having elective dental and medical procedures.
• Unicorn needed additional capital to support the Company’s rapid growth and to repay its maturing subordinated debt.
• SRP created a unique hybrid structure, arranging for one lender to provide a ‘B’ tranche facility for Unicorn’s ABCP facility and a separate secured note at the parent company. This very efficient funding structure minimized Unicorn’s funding cost and maximized the availability and flexibility of the financing program.
• SRP worked closely with the lender, Unicorn’s existing ABCP provider and the rating agencies to complete the recapitalization plan with attractive terms and rates for the Company.

Xspand Inc. - $3,000,000 Convertible Notes of Plymouth Financial Company, Inc. Convertible into Common Stock of Xspand, Inc.

Scura, Rise & Partners Securities acted as the sole agent in placinng the Convertible Notes for our affiliate Company, Xspand

• Xspand Inc. is a leading property tax lien servicer, financier and purchaser.
• SRP placed the Notes with two well-respected institutional investors to fund this “start-up” subsidiary of portfolio company, Plymouth Financial.
• Investors earned in excess of 50% per annum when the Notes were called.

Stonebrae Country Club - $100,000,000+ Revolving Construction Facility

Scura, Rise & Partners, LLC assisted in arranging the Facility

• Stonebrae Country Club is a luxury, gated community located in Hayward, California in east bay San Francisco.
• The principals of Stonebrae engaged SRP to assist in arranging a loan to finance further development of Stonebrae.
• With SRP’s assistance, Stonebrae was able to secure a $100+ million non-recourse revolving construction facility with a major global investment bank.
• The project is progressing, with the first of five “villages” expected to be completed in 2006.

Dornoch Holdings LLC - A joint venture between Plymouth Financial Company, Inc. and Fishman Real Estate Enterprises, Inc.

established Dornoch Opportunity Fund, LP and Dornoch Co-Investment Fund, LP

Scura, Rise & Partners, LLC acted as the Sole Agent for the Fund

• SRP developed this fund idea as a mechanism for applying distressed real estate investment expertise on a broader scale, exploiting selected opportunities in the New Jersey, New York and Pennsylvania area.
• SRP agreed to anchor the first fund with a commitment of over $1.5 million. We then raised a total of $15 million for the two funds.

InSource Financial Services, LLC - $25,000,000+ Participating Financing Facility

Scura, Rise & Partners, LLC assisted InSource in structuring and placing the Facility

• InSource Financial Services, LLC is a specialty servicer engaged in the acquisition, servicing and resolution of non-performing residential mortgage loans and real estate assets.
• InSource is using the capital to purchase residential REO portfolios from troubled financial institutions

Ashburn Hill Corp. - $6,500,000+ Private Placement

Scura, Rise & Partners, LLC arranged the Private Placement

• Ashburn Hill Corp. was founded to acquire the patents and assets of Carbtex Corp. and its principals. Carbtex Corp. is the maker of Tecgen®, a flame retardant material used in personal protection clothing and equipment.

Microvision - $26,030,000 Registered Direct Offering lead Placement Agent - FTN Midwest Securities Corp

• Microvision (NasdaqGM: MVIS) develops compact, low power, high-resolution displays and imaging systems based on silicon micro-mirror technology.
• Priced 11.2 million shares of common stock and warrants to purchase 6.7 million shares at a price of $2.33 per unit, a 12.5% discount to the 10-day volume weighted average closing bid price.
• Raised gross proceeds of $26.0 million with 6 investors, 5 of whom were new to the stock (Highland Capital, Special Situations, Stark Investments, Heights Capital, Invus Group and Gruber & McBaine).
• In very difficult equity market conditions, we raised a significant amount of capital for this micro-cap, pre-commercial revenue development stage company.