Highland Capital Management, L.P.

Mr. David Walls is a Senior Portfolio Manager of Par Credit Investments. Before joining the Highland Capital team in October 2000, David Walls worked for Lend Lease Real Estate Investments as an Associate in their Asset Management unit underwriting and structuring acquisitions of bulk portfolios of distressed Korean real estate and corporate debt. Previous to his international responsibilities at Lend Lease, Mr. David Walls performed loan workouts on a domestic portfolio of sub- and non-performing real estate secured assets. Prior to Lend Lease, Mr. Walls served at U.S. Trust Company of California as an Assistant Vice President, Junior Portfolio Manager in their Fixed Income Portfolio Management group and for Capital Research & Management Company as a Fixed Income Trader. Mr. Walls has worked in finance for the cable, media, satellite, and communication equipment sectors for 14 years. At Highland Capital, Mr. Walls is a Senior Portfolio Manager with oversight of the Cable and Satellite sectors. David Walls holds a BA in Economics from Northwestern University, and an MBA in Finance and Marketing from the Kellogg School of Management at Northwestern University. Mr. Walls is a member of AIMR and DAIA. Mr. David Walls has earned the right to use the Chartered Financial Analyst designation.