| AVALON ASSET MANAGEMENT LLC |
| ASSOCIATED PERSON WITHDRAWN | 02/10/2012 |
| NFA ASSOCIATE MEMBER WITHDRAWN | 02/10/2012 |
| ASSOCIATED PERSON REGISTERED | 09/28/2010 |
| NFA ASSOCIATE MEMBER APPROVED | 09/28/2010 |
| AVALON CAPITAL ADVISORS LLC |
| ASSOCIATED PERSON WITHDRAWN | 02/10/2012 |
| NFA ASSOCIATE MEMBER WITHDRAWN | 02/10/2012 |
| ASSOCIATED PERSON REGISTERED | 09/28/2010 |
| NFA ASSOCIATE MEMBER APPROVED | 09/28/2010 |
| INVESTCORE PARTNERS |
| PRINCIPAL APPROVED | 01/13/2010 |
| ASSOCIATED PERSON REGISTERED | 06/05/2006 |
| NFA ASSOCIATE MEMBER APPROVED | 06/05/2006 |
| NFA ASSOCIATE MEMBER PENDING | 05/30/2006 |
| NFA ASSOCIATE MEMBER WITHDRAWN | 05/30/2006 |
| ASSOCIATED PERSON PENDING | 05/30/2006 |
| ASSOCIATED PERSON TEMPORARY LICENSE WITHDRAWN | 05/30/2006 |
| ASSOCIATED PERSON TEMPORARY LICENSE | 05/09/2006 |
| NFA ASSOCIATE MEMBER APPROVED | 05/09/2006 |