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Gary L. Blum, (Of Counsel, licensed in New York only) Professional Experience For close to forty years, Mr. Blum has concentrated his law practice exclusively in the area of bankruptcy and insolvency law and is (and has been) lead counsel in numerous high profile bankruptcy and reorganization cases throughout the country. His advocacy over the years has included representation of secured, unsecured and partially secured institutional and other creditors; creditors’ committees; equity committees; debtors; trustee’s; and special interests. Industries served include: banking and finance, shipping, airline, electric utility, manufacturing, real estate, hotel, retail chains and investment groups. Mr. Blum’s experience covers all aspects of bankruptcy litigation, including avoidance and recovery of preferences, fraudulent conveyances, corporate governance issues and invalidating voidable liens and encumbrances. His concentration in Chapter 11 and insolvency cases includes debt and equity restructuring and exchanges in pre-packaged, consensual, and cram down reorganization plans. He is also experienced in these areas: 1) plan funding through institutional banking and Wall Street sources and through sale, acquisition and merger; 2) bankruptcy litigation strategy, structure and implementation includes trial presentation of economic data and other evidence through factual and expert witnesses; 3) contests involving classification of claims and interests, voting and proxy contests in corporate governance matters involving publicly owned Chapter 11 debtors. Representations in Reorganization Cases Mr. Blum has been actively engaged in more than 600 bankruptcy, reorganization and restructuring cases. Some of the more notable cases are described below:Lead Bankruptcy Counsel and originator for the Official Unsecured Creditors’ Committee in the Chicago reorganization case filed by Conseco Finance Corp. and Conseco Finance Servicing Corp. and their respective subsidiaries. Bankruptcy Counsel for a Washington D.C. Institutional Indenture Trustee. The case involved over a billion dollar bond issue secured by real property mortgages on property located in Texas and Oklahoma many of which were in default. Bankruptcy Counsel for City Investing Company (NYSE) in the supervision and filing of Sambo’s Restaurants Chapter 11 case in Los Angeles. Bankruptcy Counsel in the Chapter 11 case of WT Grant. Representation was of the largest group of shopping center lessors. Counsel to Peabody Coal (NYSE) as an acquirer in the Lionel case relating to a sale without a reorganization plan in place. Mr. Blum litigated the issues in the Chapter 11 case which were ultimately decided by the Court of Appeals, Second Circuit. Bankruptcy counsel for Great Atlantic & Pacific Tea Company (A&P) in several large supermarket Chapter 11 cases. Mr. Blum lead the acquisition program, spanning several years, to acquire shopping center locations from supermarket debtors in Chapter 11. Bankruptcy counsel to Chase and Sanborn Coffee Company in a Chapter 11 debtor case. Mr. Blum filed and successfully confirmed a plan of reorganization in the Bankruptcy Court in Miami. Lead debtor’s counsel in a catalog showroom case with operations in five states. Counsel to substantial secured creditor in the Sea Pines (South Carolina) and related Chapter 11 cases. Bankruptcy counsel for Horn & Hardard Company (AMEX) servicing both its mail order business (Hanover House et. al.) and its fast food chains. Counsel to Conoco in the Texaco Chapter 11 bankruptcy case. Bankruptcy counsel to Crown American Corporation, a major mall developer in Pennsylvania. Special bankruptcy counsel to Massachusetts Municipal Wholesale Electric Company (MMWEC), a political subdivisions of the Commonwealth of Massachusetts in a Bangor Maine electric utility case in bankruptcy from 1989 to 1995. Counsel to the Equity Committee in Allegheny International Corp. in Pittsburgh, PA that included multi-billion dollars owed. A series of 12 cases which produced the first successful contested proxy contest waged in Chapter 11, with multiple appeals taken to the Court of Appeals Third Circuit. The debtor owned Sunbeam and Oster. Debtors’ counsel for general and limited partnerships throughout the United States including JFK Airport Hilton and others during the downturn in the savings and loan industry stemming from the inability for owners, developers and mortgagors to obtain financing or refinancing from banks and insurance companies. Mr. Blum successfully restructured debt involving millions of dollars of commercial facilities and residential real property. Special bankruptcy counsel for Flight International, Inc., a publicly held (OTC), which served as the fixed based operator of the Newport News Virginia Airport, to restructure in Chapter 11, institutionally held secured debt. The reorganization plan was successfully confirmed prior to the expiration of the federal tax law which permitted an exchange of debt to equity without significant loss of net operating loss carry backs and carry forwards, which the reorganized debtor utilized to shelter future profits. Lead bankruptcy counsel for the Official Equity Security Holders’ Committee in 65 complex Chapter 11 cases administered under the name Prime Motor Inns, (NYSE), filed in Miami. The cases involved the roll-up of hotel chains and hotel properties located throughout the United States and Caribbean. Special bankruptcy counsel in four Debtor Chapter 11 cases involving real property destroyed by Hurricane Andrew in 1992. After the state court’s unsuccessful attempts to resolve multiple claims to the real property and clear title issues, Mr. Blum created the strategy and implemented the plan to cure title problems of thousands of owners to the real property and to sell and convey the property to a third party in a bankruptcy court sponsored sale. | 