Z Capital Partners L.L.C. ("Z Capital") has a substantial Investment team and Operational Partners. The core members of the Investment Team and Operational Partners have worked together for many years. Collectively, these individuals collaborate across geography, sharing industry knowledge and insight to source, research and consummate investments in a wide range of industries.

The Operational Partners are exclusive to Z Capital in the private equity capacity and collectively have substantial operational experience within various industries including buildings and real estate, consumer products, industrial, automotive, gaming and leisure, retail stores, textile, banking and financial and restructuring services. The Operational Partners assist Z Capital in conducting on-site operational due diligence, in building management teams and in value-creation initiatives.

James J. Zenni, Jr. President and Chief Executive Officer
Mr. Zenni is President and Chief Executive Officer of Z Capital Partners, L.L.C. Lake Forest, IL and is responsible for all portfolio management and business operations. Over the last sixteen years, Mr. Zenni has had substantial success investing in the distressed private equity strategy. Mr. Zenni is currently a member of the Board of Directors of Mrs. Fields Famous Brands, LLC and Neways Holdings, Ltd. and was previously a member of the board of directors of Automotive Aftermarket Group, LLC, Bayou Steel Corporation, Smarte Carte Corporation and Sun World International, LLC, all of which were or are portfolio companies.

Mr. Zenni has managed numerous distressed debt/private equity transactions including ARI Holdings, Inc., Bayou Steel Corporation, Diamond Brands Operating Corp., Euro Disneyland S.N.C., Exide Technologies, Inc., Imperial Sugar Company, Mrs. Fields Famous Brands, Neways Holdings, Ltd., New World Pasta Company, PTC Alliance Corp., Real Mex Restaurants, Smarte Carte Corporation, Sun World International, Inc., Thomas Nelson, Inc. and Venture Holdings Company LLC.

Prior to founding Z Capital, Mr. Zenni was the founder, President and Managing Partner and fifty percent equity owner of Black Diamond Capital Management, L.L.C. ("BDCM") which was established in 1995. Mr. Zenni was jointly responsible for all portfolio management and business operations at BDCM. Mr. Zenni divested his interest in BDCM in an employee-led leveraged buyout in October 2006 which at the time had $9B AUM including credit hedge funds, collateralized loan obligations (“CLO’s”) and distressed private equity funds. During Mr. Zenni’s ownership of BDCM he was responsible for the success, growth and management of its funds.

Prior to founding BDCM, Mr. Zenni was a Managing Director and senior member of the Fixed Income/Capital Markets Department of Kidder, Peabody & Co. Inc. ("Kidder"), formerly a wholly-owned subsidiary of GE Capital Corporation. Mr. Zenni had a distinguished career while at Kidder and played a significant role in its growth and success and gained significant experience in financial asset engineering, acquisitions, distressed mortgages and real estate. Mr. Zenni was the only non-management/department head in the firm to hold the title of Managing Director.

Mr. Zenni is a graduate of Xavier University with a Bachelor of Science degree in economics and attended Xavier University Graduate School of Business and University of Vienna School of Economics and Business Administration. Mr. Zenni is also a member of the advisory board of Cedar Bridge Partners, a Cairo, Egypt and Riyadh, Saudi Arabia based private equity firm which focuses its investment strategy in the Middle East.

In addition, Mr. Zenni served on the Board of Trustees and was Chairman of the Investment Committees of Rosalind Franklin University of Medicine and Science and Lake Forest Country Day School.

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Martin J. Auerbach Esq., Managing Director and General Counsel
Mr. Auerbach is Managing Director and General Counsel to Z Capital, and was previously consulting general counsel to Black Diamond Capital Management, L.L.C. ("BDCM"). Mr. Auerbach has established a distinguished career spanning over thirty years. He is an attorney specializing in the representation of financial institutions and their management, and large international companies and their officers and directors, principally in crisis management, regulatory and governmental proceedings and internal inquiries.

Some of Mr. Auerbach's recent assignments include: Consulting Special Counsel to the board and corporation of United Rentals Inc., where he is managing the legal and regulatory issues faced by the company; counsel to Paul Volcker in connection with Arthur Andersen; counsel to the Vice Chair of Cendant; counsel to the President of Global Crossing; counsel to senior Enron bankers; counsel to significant participants in the crises at Computer Associates, Adelphia and Imclone; SEC and NYAG investigations of market timing, research analysts, and insurance industry practices, and internal investigations for Citigroup, Jefferies and in connection with Royal Ahold.

Mr. Auerbach holds a Juris Doctor degree with honors from Harvard Law School and a Bachelors degree with high honors from Harvard College. Prior to entering private practice, Mr. Auerbach served as an Assistant United States Attorney responsible for large-scale tax prosecutions, served as a law clerk for a Senior United States District Judge and served on the Professional Staff of the Energy and Commerce Committee of the United States House of Representatives. Mr. Auerbach has developed wide-ranging experience with complex financial, accounting and regulatory issues in his over thirty years as an attorney and counselor at law.

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Robert T. Betts, Managing Director
Mr. Betts is a Managing Director of Z Capital and is a member of the investment team. Prior to joining Z Capital, Mr. Betts was with Citi Global Markets, Inc., (“Citi”) as a Vice President where he was responsible for mergers and acquisitions advisory to companies across various industries. In addition, Mr. Betts advised companies on strategic and corporate finance initiatives including hostile takeovers and defense, capital structure alternatives, and other capital market initiatives.

Prior to Citi, Mr. Betts was with General Electric Medical Systems (“GEMS”) in a senior operational role where he led various corporate and operational improvement initiatives. Mr. Betts also led various cross-functional teams through process improvements as a six-sigma specialist which resulted in significant cost savings to the firm. Prior to GEMS, Mr. Betts was a Captain in the Infantry with the United States Marine Corps where he was responsible for the performance of eighty subordinates, led a sixty-five man mortar platoon through a one hundred percent change in daily activities and was awarded the Navy Achievement Medal for outstanding leadership while in Kuwait.

Mr. Betts received a Bachelor of Arts degree from Yale University and a Master in Business Administration degree from Harvard Business School.

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Claire B. Kendrick, Ph.D., Managing Director, Head of Economic Research
Dr. Kendrick is a Managing Director of Z Capital and Head of Economic Research. Dr. Kendrick is a member of the Investment Team and is responsible for managing distressed transactions in the transportation, metal and mining, and paper and forestry industries.

Prior to joining Z Capital, Dr. Kendrick was a Principal at Hirtle, Callaghan & Co. (“Hirtle”) in Philadelphia, PA from 2000 to 2010, where she was the Director of Private Equity Investment and Portfolio Manager. Dr. Kendrick managed the private equity investments at Hirtle, directed the financial research and portfolio construction efforts of the private equity team with $1 billion under management. The investment selection was global and included commitments in venture, growth capital, buyouts, distressed debt, mezzanine, real assets, and real estate partnerships.

Prior to Hirtle, Dr. Kendrick was a Senior Vice President and the Director of Corporate Bond Research for Prudential Securities, Inc. (“Prudential”) New York, NY from 1997 to 2000. While at Prudential she was ranked as an All-American Fixed Income Research Team member in 2000 by Institutional Investor Magazine for her coverage of the retailers (drug and grocery, department stores, discounters, specialty, and apparel); and in 1999 and 1998 for analyses of the transportation industries (rail, air, truck, ship, cruise, cargo, and leasing).

Prior to Prudential, Dr. Kendrick was a Vice President at Lehman Brothers, Inc. (“Lehman”) in New York, NY and London, UK. As a Senior Analyst, Dr. Kendrick evaluated the creditworthiness and investment opportunities in the transportation industries, and was ranked first nationally in Institutional Investor’s 1996 All-American Fixed Income Research Team for her research. Dr. Kendrick also assisted banking teams in developing new relationships with several mining companies, while maintaining established ties with transportation companies, and reactivating relationships with companies in the paper and forestry industry. Dr. Kendrick also provided research and assistance to Lehman’s Yankee and Euro-dollar trading desks in NY and London.

Prior to Lehman, Dr. Kendrick was a Vice President at Donaldson, Lufkin & Jenrette (“DLJ”, now part of Credit Suisse) in New York, NY from 1992 to 1996. Dr. Kendrick was a Senior Analyst evaluating the transportation sector and was ranked first nationally in Institutional Investor’s 1995 All-American Fixed Income Research Team.

Prior to DLJ, Dr. Kendrick was a Senior Economist for Benjamin Schlesinger and Associates, Inc. (“Schlesinger”) in Bethesda, Maryland. While at Schlesinger, Dr. Kendrick was a consultant / economist and her projects included estimating gas supply prices and transportation rates for natural gas-burning facilities, developing strategic marketing plans for gas producers, and analyzing the rationales and cost recovery methods for programs offered by gas utilities.

Dr. Kendrick received a Doctor of Philosophy in Mineral Economics from The Pennsylvania State University and also received a dual A.B. Degree in Geology and Economics from Wellesley College, Wellesley, MA.

Dr. Kendrick is a Board Member on the Finance Committee and Endowment Committee of Sewickley Academy, in Sewickley, PA; and she is a member of the global organization, Alternative Perspectives on Finance and Accounting.

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Christopher J. Kipley, Managing Director
Mr. Kipley is a Managing Director of Z Capital and is a member of the investment team. Mr. Kipley has substantial distressed private equity investing experience. Mr. Kipley is a member of the Board of Directors for Mrs. Fields Famous Brands, LLC and was previously on the boards of Automotive Aftermarket Group, LLC, Smarte Carte Corporation and Sun World International, LLC, all of which were or are portfolio companies.

Over his career Mr. Kipley has participated on the steering committees for or has been actively involved in the restructurings of the following companies: ARI Holdings, Inc.; American Safety Razor Company; Carmike Cinemas, Inc.; Classic Cable, Inc.; Diamond Brands Operating Corp.; Fleming Companies, Inc.; Imperial Sugar Company; Interstate Bakeries Corporation; Mrs. Field’s Famous Brands, LLC; New World Pasta Company; Sleepmaster, L.L.C.; Real Mex Restaurants, Smarte Carte Corporation; Sun World International, LLC; Waddington North America, Inc.; and WinsLoew Furniture, Inc.

Prior to joining Z Capital, Mr. Kipley was a Managing Director with Black Diamond Capital Management, L.L.C. ("BDCM") where he was responsible for managing distressed debt/private equity investments. During his tenure with BDCM, Mr. Kipley managed investments in debt securities ranging from par credits to deeply distressed credits, was responsible for the ongoing monitoring of portfolio investments, actively participated in all aspects of the workout process for both in-court and out-of-court restructurings, executed acquisitions and sales of portfolio companies, and spearheaded the recruitment, hiring and retention of senior management at portfolio companies.

Prior to joining BDCM in May 1998, Mr. Kipley was an Associate in Bank of America NT&SA's corporate finance department, where he was responsible for performing comprehensive credit analysis on existing and prospective borrowers. Prior to joining Bank of America NT&SA in August 1996, Mr. Kipley was a Senior Financial Analyst in The Chase Manhattan Bank, N.A.'s corporate finance department.

Mr. Kipley received his B.A. in Psychology from the University of Michigan, where he graduated with distinction. Mr. Kipley is a CFA charterholder.

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Rahul Sawhney, Managing Director
Mr. Sawhney is a Managing Director of Z Capital and is a member of the investment team. Mr. Sawhney has generated substantial returns through over $1B of investments in non-investment grade companies and has significant experience within the middle-market. Mr. Sawhney was actively involved in the restructurings of and is currently a member of the board of directors of Thomas Nelson, Inc. and Neways Holdings, Ltd.

Prior to joining Z Capital, Mr. Sawhney was a member of the investment team at Black Diamond Capital Management, L.L.C. ("BDCM") where he made and managed investments in non-investment grade companies across a number of industries including Automotive, Consumer Products, Containers & Packaging, Metals & Mining and Technology.

Mr. Sawhney joined BDCM in April 2005 from JPMorgan Chase & Co. ("JPM"), where he was a Vice President, with significant credit and restructuring experience. Mr. Sawhney started his nine-year tenure at JPM and predecessor organizations within Corporate Risk Management where his responsibilities included analyzing and managing balance sheet risk imposed by the bank’s distressed asset portfolio. Mr. Sawhney was subsequently recruited to the debt capital markets group where his responsibilities included analyzing, making and managing investments in middle-market and mid-corporate organizations, negotiating and structuring senior syndicated debt and facilitating the issuance of high yield, private placements and asset-backed security facilities. Subsequently, as an Asset Manager within the Managed Assets (distressed debt) group, Mr. Sawhney had substantial success in middle-market turnarounds and restructurings.

Mr. Sawhney received his Bachelor of Technology in Electronics & Communications Engineering degree from the National Institute of Technology, India, and a Master of Business Administration degree with honors from the University of Chicago. He is a member of the CFA Institute and the Turnaround Management Association.

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Melonie C. Danford, Director
Ms. Danford is a Director of Z Capital, and is responsible for research, analysis and systems integration for sourcing transactions. Prior to joining Z Capital, Ms. Danford was an Associate with Citadel Investment Group, LLC where she was part of a four person team that supported two trade desks located in New York and London respectively and was responsible for loan settlement and operations.

Ms. Danford was previously a Senior Operations Associate at Black Diamond Capital Management, L.L.C. ("BDCM") where she was part of a three person closing team and specialized in distressed debt and equity settlements. Prior to joining BDCM in April of 2003, Ms. Danford worked for Strong Capital Management within the Fixed Income Settlement group supporting a group of ten traders. Prior to joining Strong Capital Management in June of 2002, Ms. Danford was with ING since July of 1999 in the capacity of a Funding & Settlement Manager from July 1999 to June 2001 and in the capacity of a Treasury Operations Manager from June 2001 to June 2002. Prior to ING, Ms. Danford worked for Pilgrim America within Administration.

Ms. Danford received her Bachelor of Science in Business Management from the University of Phoenix.

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Kevin P. White, Director
Mr. White is a Director at Z Capital and is responsible for research and analysis of existing and prospective portfolio investments. Prior to joining Z Capital, Mr. White was a member of the investment team at Black Diamond Capital Management, L.L.C. ("BDCM"). Also while at BDCM, Mr. White worked with several control private equity transactions including ARI Holdings, Inc; New World Pasta Company; Sun World International, LLC; and Waddington North America, Inc. and managed investments in deeply distressed credits.

Prior to BDCM, Mr. White was with Prudential Equity Group as an analyst in the firm's Biotechnology Equity Research group. While in this role his duties included providing modeling, research report writing and industry research.

Mr. White graduated from Villanova University with a Bachelor of Science degree in Economics and a Bachelor of Science in Business Administration with a concentration in Finance. Mr. White received a Master of Business Administration from the Owen Graduate School of Management at Vanderbilt University.

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Operational Partners

Z Capital has a team of Operational Partners that have substantial experience within various industries including buildings and real estate, consumer products, industrial, automotive, gaming and leisure, retail stores, textile, banking and financial and restructuring services. The Operational Partners assist Z Capital in conducting operational due diligence and other value-creation initiatives.

Timothy C. Clayton, Principal, Emerging Capital, LLC.
Mr. Clayton is Principal, Emerging Capital, LLC ("Emerging Capital"), a specialized management consulting firm providing advisory services in the areas of strategic planning, mergers and acquisitions, capital formation, corporate governance and CFO related activities. Some of Mr. Clayton's engagements through Emerging Capital include: Interim CFO, Adesa, Inc., a $1 billion publicly traded automotive services company, CFO, HEI, Inc., a publicly traded contract manufacturing company specializing in micro electronic circuit board and medical device assembly, and acting CFO for a publicly traded high-tech manufacturing services company. In addition, Mr. Clayton provided merger and acquisition advisory services to several organizations.

Prior to Emerging Capital, Mr. Clayton was co-founder and CFO of Building One Services Corporation ("Building One"), a $1.8 billion publicly traded facilities services company. In this role, Mr. Clayton developed an overall strategic plan for the company, led the acquisition of over fifty organizations over a two-year period, raised $520 million of equity capital in an IPO, negotiated a $100 million strategic investment from a large private equity firm and negotiated the merger of the firm with Group Maintenance, Inc. Prior to Building One, Mr. Clayton was a Partner with Price Waterhouse LLP.

Mr. Clayton serves on the board of directors of the National Federation of Independent Businesses, the nation's largest small business advocacy group, and Agribank, a large wholesale bank serving in the agricultural market.

Mr. Clayton is a Certified Public Accountant and received a B.A. in Accounting from Michigan State University.

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Russell M. Flaum, former Executive Vice President, Illinois Tool Works Inc.
Mr. Flaum was formerly Executive Vice President of Illinois Tool Works Inc. ("ITW"). Mr. Flaum managed ITW's $2.5 billion Global Industrial Packaging Group. This group consists of 93 autonomous business units operating in 38 countries. Mr. Flaum has gained extensive experience in industrial mergers and acquisitions and lean manufacturing. Mr. Flaum has led over 40 acquisitions and has grown his business from $300 million in revenue in 1990 to $2.5 billion in 2007.

Mr. Flaum joined Signode Corporation ("Signode") (acquired by ITW in 1986) in 1975 in New York city. From 1979 through 1986 he worked in several senior management positions, leading to Vice President in 1986. He became President of Signode's U.S. business in 1990.

Mr. Flaum earned a B.A. degree in Psychology from Vanderbilt University and a Masters in Business Administration (MBA) from Lake Forest Graduate School of Management. Mr. Flaum is a member of the board of directors of Evanston Northwestern Healthcare Corporation, Quanex Corporation in Houston, Texas, the National Association of Manufacturers, and Ryerson, Inc.

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Horst Geldmacher, former CEO of Venture Industries
Mr. Geldmacher was formerly CEO of Venture Industries ("Venture"), a tier 1 supplier to the U.S. automotive industry (a portfolio company of Black Diamond Capital Management). Mr. Geldmacher joined Venture to lead it through a Chapter 11 restructuring. Mr. Geldmacher has extensive global operational and turnaround management experience. Mr. Geldmacher is currently based in Brussels, Belgium, and has held management or board positions with companies with significant global presence across five continents; North America, South America, Europe, Africa and Asia.

Prior to Venture, Mr. Geldmacher was with Dexter International ("Dexter") for approximately eighteen years where he progressed through various management positions and was most recently Vice President of international operations. Prior to Dexter, Mr. Geldmacher was a member of the management team of Avery International (Europe).

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Robert S. Morrison, former Vice Chairman, PepsiCo Inc.
Mr. Morrison is the retired vice chairman of PepsiCo, Inc., and retired chairman of PepsiCo Beverages and Foods North America. From 1997 until the 2001 merger with PepsiCo, he led The Quaker Oats Company as chairman, president and CEO. In 2005, Mr. Morrison served six months as interim chairman and CEO of 3M Company. Prior to joining Quaker, Mr. Morrison served as chairman and CEO of Kraft, Inc., from 1994 to 1997. He joined Kraft in 1983 and held a variety of general management positions prior to becoming CEO. He began his career in 1969 at Procter and Gamble.

Mr. Morrison served in the United States Marine Corps from 1963 to 1967, rising to the rank of captain. He was decorated with the Silver Star and Purple Heart for his service in Vietnam. In 1997, Mr. Morrison also was awarded the "Semper Fidelis" Award by the Marine Corps Scholarship Foundation for his dedication to the betterment of education.

Mr. Morrison is a director of Aon Corporation, 3M Company and Illinois Tool Works. He also serves as director or trustee for several Chicago civic and cultural organizations. These include the Chicago Club, Lyric Opera, Rush-Presbyterian-St. Luke's Medical Center, and Museum of Science and Industry where he serves as chairman of the board. Mr. Morrison is a trustee of Holy Cross College in Massachusetts. Mr. Morrison is also a member of the Board of Directors of Mrs. Fields Famous Brands.

Mr. Morrison received a bachelor's degree in English from Holy Cross College and a master's degree in business administration from Wharton Graduate School of Business at the University of Pennsylvania.

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R. Brad Oates, Chairman, Stone Advisors, LP.
Mr. Oates is Chairman and Chief Strategy Officer, Stone Advisors, LP ("Stone Advisors"), a private investment firm with a focus on turnaround as well as early-stage situations.

Mr. Oates has had a distinguished career spanning over twenty years leading several transactions in his capacity at Stone Advisors including: Former President / COO of Bluebonnet Savings Bank, a financial institution created in partnership with the federal government to acquire and merge fifteen insolvent banks in Texas during the savings and loan crisis. Mr. Oates successfully merged over $3 billion in assets across 150 systems and 1,000 employees and implemented aggressive cost control and asset/liability strategies that resulted in annual return on equity of approximately 30% during his tenure; Former Chairman of Universal Hardwood Flooring, a manufacturer and global distributor of engineered hardwood flooring products acquired from Lifestyle Furnishings International. Mr. Oates pursued substantial value creation initiatives that ultimately resulted in a 2x investment multiple; Chairman of NFC Global, a global due diligence, investigative and risk consulting company acquired from LexisNexis. Prior to Stone Advisors, Mr. Oates had a successful career in the NFL with the St. Louis Cardinals, the Detroit Lions and the Green Bay Packers.

Mr. Oates is a member of the Utah State Bar and received a J.D. with honors from Brigham Young University. Mr. Oates is a member of the board of directors of CIT and Neways International.

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Homi B. Patel, former Chairman, President and CEO, Hartmarx Corp.
Mr. Patel was formerly Chairman, President and CEO of Hartmarx Corp. ("Hartmarx") (NYSE: HMX) a producer and marketer of business, casual and golf apparel under its own brands. Mr. Patel had been with Hartmarx since 1979, progressing through various roles to his current position in July 2004. Prior to Hartmarx, Mr. Patel was with Corbin, Ltd., an apparel company, where he was Director of Marketing.

Mr. Patel serves as President of the Clothing Manufacturers Association of America, Chairman of its Union Negotiating Committee, and Chief Labor Negotiator for the industry. He is also a member of the board of directors of the Amalgamated Life Insurance Company and Trustee of the UNITE HERE Pension and Health Funds. Mr. Patel also serves as an advisory Board member of Northwestern University's Kellogg School of Management and the University of South Carolina School of Retailing. He is a Trustee of the Jane Addams Hull House in Chicago and the Lake Forest Country Day School. Mr. Patel also serves on the board of the Boys and Girls Club of Chicago, the Chicago Botanic Garden and Northwestern Memorial Hospital.

Mr. Patel graduated from Columbia University with an M.B.A. in marketing and finance.

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James A. Weissenborn, Managing Partner, Mackinac Partners.
Mr. Weissenborn is a co-founder and Managing Partner of Mackinac Partners, L.L.C and has served as CEO, CFO and COO of several major national and international, public and private corporations in various industry sectors, including banking and financial services, real estate, entertainment sports and investment banking. He has extensive capital markets experience, having raised more than $5 billion in capital, and is equally adept in repositioning strategy and management.

Mr. Weissenborn has held executive roles in several prominent capital restructurings including National Mortgage Corporation, the private holding company for the Detroit Tigers' stadium financing company and the Little Caesars Pizza Corporation. Mr. Weissenborn was formerly a senior officer at Pulte Corporation, where he oversaw the company's financing segment and the restructuring of its international homebuilding ventures. As CFO and a member of the board of directors of First Heights Bank, Mr. Weissenborn played a key role in acquiring and consolidating five failed Texas thrifts with 50 branches and over $2.5 billion in troubled assets from the FSLC.

As the Managing Partner of Mackinac Partners, Mr. Weissenborn has led and played a key role in many engagements and has primary responsibility for Mackinac Partners' private equity activities. Mr. Weissenborn served as interim president of the financial services subsidiary of an Orlando-based publicly held timeshare resort owner and finance company, and sourced and participated in the arrangement of $160 million in debtor-in-possession financing and $300 million in exit financing. Mr. Weissenborn also led the financing advisory engagement for a Denver-based manufactured park owner and operator, serving as the primary advisor to the company in a complete recapitalization that included an IPO and the arrangement of over $1 billion in new debt financing. Most recently, Mr. Weissenborn was the interim President and CEO of Sunterra Corporation, one of the world's largest vacation ownership companies. He guided Sunterra through an out-of-court restructuring and a tender offer for the Company's outstanding shares.

Mr. Weissenborn previously served on the board of directors of Sunterra Corporation, Hamilton Pacific, Inc. and PTC Alliance Corp (a portfolio company of Black Diamond Capital Management). Mr. Weissenborn is a cum laude graduate of the University of South Florida and earned an M.B.A. from the University of Texas at Austin.

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