LAWRENCE J. ROSSELOT

P.O. BOX 632290, LITTLETON (DENVER), CO 80163 • TEL: (720) 215-2392 • LJROSSELOT@MSN.COM

STATEMENT OF QUALIFICATIONS

SUMMARY AND HIGHLIGHTS

Very successful and knowledgeable executive-level special-assets professional, mentor and entrepreneur has extensive experience in all types of troubled commercial loans and businesses, and has developed and implemented numerous successful resolution strategies, restructures, workouts, bulk sales, and REO disposition strategies for private and public equity investors, CMBS special-servicers, federally insured financial institutions, as well as with such federal agencies as the FDIC and RTC.

• As a Portfolio Manager, I am creative and proactive, and have successfully managed and disposed of billions of dollars in troubled credits of all types including all types of collateral;

o Portfolios range up to $250.0 million in size, with individual credits and REO ranging from $1.0 to $70.0 million.

• As an Asset Manager, I have extensive knowledge and experiences in developing debt and equity restructures, as well as bankruptcy, federal and state receiverships, foreclosure, and other litigation matters;

o Hundreds-of-millions of dollars in potential losses have been mitigated by my being proactive in developing and directing legal strategies to preserve, protect and secure the secured lenders’ collateral.

• As a Mentor, I am a leader to employees in directing, communicating, instructing and developing subordinates and peers in all aspects of troubled credit and business matters;

o Subordinates and associates are encouraged to take initiative, and to ‘think for themselves’, but are continuously instructed and guided in developing, implementing and following through on exit strategies;

o I have developed and written several policies and procedures for servicers and federal agencies regarding management & disposition of troubled credits.

• As an Entrepreneur, I am a proven leader with extensive experience from not only owning and operating special-servicing enterprises, but also being appointed interim CEO and/or president to troubled enterprises;

o Having taken control of three troubled enterprises (C&I) with combined revenues of $350.0 million per year, and a combined total of nearly 3,000 employees, I have earned the trust and loyalty of employees, vendors, creditors and landlords while the enterprises could be turned around.

PROFESSIONAL EXPERIENCE

1/10 to present SPECIAL-ASSET SOLUTIONS, Denver, CO Consultant/Sole Proprietoro Continuing representation of pizza franchisee in Chapter 11 reorganization;o Representing West Coast resort-owner in reorganizing and restructuring $33.0 million in

defaulted debt;o Representing Denver, CO based due-diligence firm performing due-diligence on troubled

loan portfolios for purchase; reviewing and assessing FDIC shared-loss agreements and related documents; researching and writing presentations for panel discussions; providing oversight of restructure of clients’ investments in $30.0 million hotel development.

3/09 to12/09 FIRSTIER BANK, Broomfield, CO VP/Special Assets Managero Reduced delinquency rate to half of double-digit rates within 90 days;o Developed and implemented intranet tools, systems and strategies, and mentored loan

officers for collection of delinquent loans totaling in excess of $100 million;

LAWRENCE J. ROSSELOT

P.O. BOX 632290, LITTLETON (DENVER), CO 80163 • TEL: (720) 215-2392 • LJROSSELOT@MSN.COM

PROFESSIONAL EXPERIENCE (CONTINUED)

10/08 to 3/09 SPECIAL-ASSET SOLUTIONS, Denver, CO Consultant/Sole Proprietor o Represented 5th largest pizza franchisee in the U.S. to propose and recommend restructure

of $35.0 million troubled debt with special-servicer;o Represented 14-unit pizza franchisee to propose and recommend restructure of $13.0

million troubled debt with special-servicer;

10/03 to 10/08 GMAC COMMERCIAL MORTGAGE (n/k/a Berkadia Commercial Mortgage, formerly Capmark Financial Inc), Atlanta, GA Senior Asset Manager

o As special-servicer to securitized debt portfolio totaling $3.0 billion dollars, successfully managed and resolved non-performing C&I loan assets totaling over $500.0 million;

o Communicated regularly with institutional bondholders as to recommendations and status of resolutions;

7/98 to 10/03 BAYVIEW FRANCHISE MORTGAGE, White Plains, NY Senior Asset Managero Successfully managed and disposed of performing and non-performing commercial

securitized C&I loan assets totaling $157.0 million in a $3.0 billion dollar portfolio;o Communicated regularly with bondholders to make verbal and written recommendations

and report status of resolutions;o Appointed interim President for 18 months to successfully operate a 41-unit restaurant-

franchise with $40.0 million in annual sales and 1200+ employees;o Successfully re-opened a 40-unit hamburger franchise within 3 days following closing

and borrower’s bankruptcy, having a receiver appointed, re-employing 800+ employees, and reconstituting $30.0 million a year in sales.

4/94 to 7/98 LAWRENCE-WEST REAL ESTATE SERVICING, INC., Denver, CO Presidento On behalf of private equity groups, directed management and disposition of loan

portfolios comprised of approximately 400 non-performing commercial and consumer loans totaling in excess of $34.0 million, and charge-off loan portfolios comprised of approximately 9,800 loans totaling in excess of $20.5 million;

o Achieved above-average-servicer rating by large-cap institutional equity fund.

2/91 to 4/94 THE BEVERLY GROUP, INC., Denver, CO Senior Asset Managero As contractor to the RTC Western Region of a $500.0 million portfolio, managed and

disposed of a $100 million of performing and non-performing loans with individual book values up to $12.0 million, secured by multi-family, office, and retail properties located region, as well as assets and obligations related to tax-exempt bonds;

o Successfully developed, directed and completed a precedent-setting bulk-sale of non-performing loan package of $50.0 million for the RTC;

11/90 to 2/91 RESOLUTION TRUST CORPORATION (RTC), Denver, CO Asset Managero Managed collections and workouts of $15.0 million of performing and non-performing

commercial loan portfolio in closed bank with individual book values ranging from $10,000 to $850,000;

8/86 to 2/91 OTHER: FDIC, federally insured banks, servicer to private equity groups; Denver, CO

o Managed, disposed & completed due-diligence of over $1.5 billion in commercial non-performing loans and commercial REO.

LAWRENCE J. ROSSELOT

P.O. BOX 632290, LITTLETON (DENVER), CO 80163 • TEL: (720) 215-2392 • LJROSSELOT@MSN.COM EDUCATION:

o REGIS UNIVERSITY, Denver, CO; Bachelor of Science, Business Administration