Philadelphia Brokerage Corporation

Virnetx Holdings $6,000,000 Warrant Exercise Selling Group Member Completed 02/10	Axion Power $26,000,000 Co-Placement Agent Completed 12/09	Mile Marker $2,200,000 Debt Exchange Completed 12/09
Virnetx Holdings $6,000,000 Common Stock and Warrants Selling Group Member Completed 09/09	SMF Energy $39,500,000 Sole Placement Agent Recapitalization Completed 06/09	SMF Energy Financial Advisor for Recapitalization Through December 2008
BMP Sunstone $6,350,000 12.5% Secured Convertible Note Due 07/01/11 Sole Placement Agent Completed 03/09	BMP Sunstone $7,000,000 12.5% Subordinated Convertible Note Due 07/01/11 Sole Placement Agent Completed 03/09	BMP Sunstone $3,700,000 Registered Direct Offering Co-Placement Agent Completed 02/09
BMP Sunstone $2,200,000 Registered Direct Offering Completed 10/08	$23,000,000 10% Senior Secured Notes Due 5/1/09 With 5 year warrants Completed 11/07	$32,600,000 Registered Direct Offering Completed 08/07
SMF Energy $11,800,000 Private Investment Public Equity Completed 08/07	BC Sports Collectibles $4,800,000 Private Investment Lead Manager Completed 07/07	Mile-Marker $2,125,000 11% Convertible Notes due 12/08 Completed 06/07
Streicher Mobile Fueling $3,273,855 Private Investment Public Equity Completed 02/07	$15,000,000 Private Investment Public Equity Completed 12/06	Streicher Mobile Fueling $3,000,000 Senior Secured 10% Notes due 01/2010 with warrants to purchase common stock Completed 09/05
$6,300,000 Private Investment Public Equity Completed 10/05	$5,000,000 Revolving Credit Facility Completed 9/05	$2,880,000 @ $7.50 per share PBC Participated as a Selling Group member Completed 05/05
$12,000,000 Senior Secured Convertible 10% Notes due 01/2008 Completed 02/05	Streicher Mobile Fueling $6,100,000 Senior Secured 10% Notes due 01/2010 Completed 02/05	Pure Discovery $1,100,000 Private Equity Placement Completed 01/05
Penn Treaty America $10,000,000 Senior Convertible Notes Due 11/2008 Completed 11/04	$1,500,000 Private Equity Placement Completed 07/04	$100,000,000 Convertible Preferred $25.00 Par 5.5% Yield $3.40 Conversion Completed 6/04
$10,000,000 Private Investment Public Equity Completed 3/04	Penn Treaty America $16,000,000 Subordinated Convertible 6 1/4% Notes due 2008 Completed 2/04	$1,200,000 Bridge Loan 1st Tranche Completed 2/04
$1,200,000 Senior Secured Note Completed 1/04	$27,000,000 Common Stock Completed 12/03	Streicher Mobile Fueling $6,800,000 Senior Secured 10% Notes due 2006 with rights to purchase common stock Completed 10/03
$6,000,000 Bridge Loan Completed 6/03	$1,550,000 Private Investment Public Equity Completed 6/03	$71,000,000 Senior Secured 10% Notes With warrants to purchase common stock Completed 4/03
Penn Treaty America $33,000,000 Senior Convertible 6 1/4 Notes due 2008 Completed 2/03	$7,500,000 Senior Secured 10% Notes due 2005 Completed 12/02	Penn Treaty America $75,000,000 Convertible Note Exchange Offer Completed 8/02
Penn Treaty America $2,000,000 Private Investment Public Equity Completed 3/02

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