Attached is a fully-executed copy of the Settlement Agreement and Mutual
Release among the defendants in the Farallon action, pursuant to which ECT
Securities (and its affiliates) is released by all defendants from liability
in connection with the NSM securities offering.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
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