In April 2010, the American Institute of Certified Public Accountants (“AICPA”) Auditing Standards Board issued Standards for Attestation Engagements No. 16 (“SSAE 16”), titled Reporting on Controls at a Service Organization. SSAE 16 was issued to replace Statement on Auditing Standards 70 (“SAS 70”) and converge with international standards. As a result, effective with the 2011 fiscal year, PFSC adopted the provisions of SSAE 16.

Also known as a “Type II Service Auditor’s Report” or “Independent Service Auditor’s Report on Description of a Service Organization’s System and the Suitability of the Design and Operating Effectiveness of Controls”, the SSAE 16 Type II report provides independent third party verification of management’s assertion that a service organization’s policies and procedures were correctly designed and were operating effectively enough throughout the period in order to achieve the specified control objectives.

The independent SSAE 16 audit was conducted by Plante & Moran, PLLC a public accounting and consulting firm who evaluated and tested PFSC’s internal operational controls and processes.

SSAE 16 is an auditing standard utilized by service organizations to demonstrate their internal controls and security practices to their clients. By successfully completing the SSAE 16 audit, PFSC demonstrates, with third-party validation, the effectiveness of its significant control practices and operational procedures.

Fiscal year 2011 represents the fifth consecutive year that PFSC has successfully completed its independent SSAE 16 Type II/SAS 70 Type II audit. In each of these years, PFSC’s audit opinion has been issued without qualification.

About Portfolio Financial Servicing Company

Portfolio Financial Servicing Company (“PFSC”) is a third party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize, and royalty-based receivables). Since 1992, PFSC has serviced billions in asset value for a diverse group of clients across the U.S. PFSC provides a comprehensive suite of services including primary servicing, successor servicing, and backup servicing. PFSC also provides certain a la carte services such as document custodianship, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. For more information, visit www.pfsc.com

Commenting on this new engagement, John Enyart, President of PFSC, stated, “After an exhaustive analysis, our client determined that engaging PFSC as its servicing partner afforded compelling financial and operational benefits the client was otherwise unable to achieve internally. PFSC’s scale, variable cost model, and expertise across the servicing continuum will benefit our client in the years to come. We are excited to provide our full servicing capabilities and look forward to providing our client with an outstanding portfolio servicing experience.”

In its capacity as Primary Servicer, PFSC will be responsible for substantially all servicing functions, including contract boarding, invoicing and ACH processing, payment posting, modification and renewal processing, sales/use and personal property tax billing and reporting, insurance tracking and insurance claims processing, early and late stage collections, repossession and asset remarketing, litigation support, UCC administration, end-of-term and renewal processing, and financial and managerial reporting. Servicing is expected to commence in January 2012.

About Portfolio Financial Servicing Company

Portfolio Financial Servicing Company (“PFSC”) is a third party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize, and royalty-based receivables). Since 1992, PFSC has serviced billions in asset value for a diverse group of clients across the U.S. PFSC provides a comprehensive suite of services including primary servicing, successor servicing, and backup servicing. PFSC also provides certain a la carte services such as document custodianship, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. For more information, visit www.pfsc.com

PFSC has been a leading provider of primary, backup, and successor servicing for structured settlement, lottery, and annuity contracts. John Enyart, President of PFSC, commented, “The servicing of structured settlements is a core competency at PFSC. We provide similar services to this client on another transaction and we appreciate being selected by our client as the backup and successor servicer for this securitization. Our client has an excellent reputation in the marketplace and we look forward to working with them.”

Under the new facility, PFSC will perform data mapping, coding, development and ongoing data receipt and reconciliation functions. As provided for in the transaction documents, PFSC would assume successor servicing duties should certain substantive events occur.

About Portfolio Financial Servicing Company

Portfolio Financial Servicing Company (“PFSC”) is a third party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize, and royalty-based receivables). Since 1992, PFSC has serviced billions in asset value for a diverse group of clients across the U.S. PFSC provides a comprehensive suite of services including primary servicing, successor servicing, and backup servicing. PFSC also provides certain a la carte services such as document custodianship, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. For more information, visit www.pfsc.com

Commenting on this new engagement, John Enyart, President of PFSC, commented, “Our client has an excellent reputation and a leader within the markets it serves. This transaction represents a first-time relationship between PFSC and our client and we are pleased that PFSC was selected to fulfill the specific and unique requirements imposed upon the backup and successor servicer.”

Under the new facility, PFSC will perform data mapping, coding, development and daily receipt and boarding of portfolio data for the benefit of the client and its capital providers. As provided for in the transaction documents, PFSC would assume successor servicing duties, including collection of consumer notes and liquidation of underlying collateral and inventory, should certain substantive events occur.

About Portfolio Financial Servicing Company

Portfolio Financial Servicing Company (“PFSC”) is a third party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize, and royalty-based receivables). Since 1992, PFSC has serviced billions in asset value for a diverse group of clients across the U.S. PFSC provides a comprehensive suite of services including primary servicing, successor servicing, and backup servicing. PFSC also provides certain a la carte services such as document custodianship, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. For more information, visit www.pfsc.com

Under the Bailment Agreement, PFSC will provide its client, and the client’s capital provider, with comprehensive document custodian services, including document receipt, document review and certification, document tracking and safekeeping.

Commenting on this new engagement, John Enyart, President of PFSC, stated, “We have enjoyed an excellent relationship with this client for many years, and have had the opportunity to provide this client with a variety of our value-added services. Our appointment as custodian for this commercial lease pool is reflective of PFSC’s value proposition and the quality of service we provide to our clients. We look forward to working with both our client and their capital provider on this transaction.”

About Portfolio Financial Servicing Company

Portfolio Financial Servicing Company (“PFSC”) is a third party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize, and royalty-based receivables). Since 1992, PFSC has serviced billions in asset value for a diverse group of clients across the U.S. PFSC provides a comprehensive suite of services including primary servicing, successor servicing, and backup servicing. PFSC also provides certain a la carte services such as document custodianship, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. For more information, visit www.pfsc.com

Commenting on this new engagement, John Enyart, President of PFSC, stated, “The servicing of technology leases is well suited to PFSC as we are accustomed to managing the transaction life cycle of such contracts, including the innovative structures and technology upgrade and refresh activity that frequently occurs with technology-centric leases. We are pleased to be able to provide our full servicing capabilities to this client, who was seeking a robust and flexible invoicing scheme as well as comprehensive reporting capabilities.”

In its capacity as Primary Servicer, PFSC will be responsible for substantially all servicing functions, including contract boarding, invoicing and ACH processing, payment posting, modification and renewal processing, sales/use and personal property tax billing and reporting, insurance tracking and insurance claims processing, UCC administration, end-of-term and renewal processing, and financial and managerial reporting. Servicing is expected to commence in October 2011.

About Portfolio Financial Servicing Company

Portfolio Financial Servicing Company (“PFSC”) is a third party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize, and royalty-based receivables). Since 1992, PFSC has serviced billions in asset value for a diverse group of clients across the U.S. PFSC provides a comprehensive suite of services including primary servicing, successor servicing, and backup servicing. PFSC also provides certain a la carte services such as document custodianship, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. For more information, visit www.pfsc.com

PFSC’s client, a west coast based finance company, continues to expand and recently acquired additional financing. Under terms of the new financing arrangement, the investor required a backup servicer and PFSC was ultimately selected at the completion of due diligence.

Commenting on this new engagement, John Enyart, President of PFSC, commented, “We continue to see increased demand for our backup and successor service offering. Very simply, investors are more stringently underwriting transactions in today’s challenging business environment and these investors understand the value in having a qualified backup servicer as a party to their transaction. PFSC’s long and successful history providing both primary and backup servicing makes PFSC an ideal choice within the markets we serve. This transaction represents a first-time relationship between PFSC and both the client and investor and we look forward to meeting and exceeding their expectations.”

Under the new facility, PFSC will perform data mapping, coding, development and ongoing data receipt and reconciliation functions for the benefit of the investor and client. As provided for in the transaction documents, PFSC would assume successor servicing duties should certain substantive events occur.

About Portfolio Financial Servicing Company

Portfolio Financial Servicing Company (“PFSC”) is a third party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize, and royalty-based receivables). Since 1992, PFSC has serviced billions in asset value for a diverse group of clients across the U.S. PFSC provides a comprehensive suite of services including primary servicing, successor servicing, and backup servicing. PFSC also provides certain a la carte services such as document custodianship, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. For more information, visit www.pfsc.com

Commenting on this new engagement, John Enyart, President of PFSC, stated, “After several months of due diligence, our client concluded that PFSC was the preferred partner for the outsourcing of their lease and loan administration. We are pleased to be able to provide our full servicing capabilities to this client, who was seeking a robust servicing solution as well as enhanced data and general ledger reporting.”

In its capacity as Primary Servicer, PFSC will be responsible for substantially all servicing functions, including contract boarding, invoicing and ACH processing, payment posting, modification and renewal processing, sales/use and personal property tax billing and reporting, insurance tracking and insurance claims processing, vehicle titling, UCC administration, collections and problem account remediation, and financial and managerial reporting. Servicing is expected to commence in August 2011.

About Portfolio Financial Servicing Company

Portfolio Financial Servicing Company (“PFSC”) is a third party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize, and royalty-based receivables). Since 1992, PFSC has serviced billions in asset value for a diverse group of clients across the U.S. PFSC provides a comprehensive suite of services including primary servicing, successor servicing, and backup servicing. PFSC also provides certain a la carte services such as document custodianship, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. For more information, visit www.pfsc.com

In its capacity as subservicer, PFSC will be responsible for substantially all servicing functions, including invoicing and ACH processing, payment posting, daily cash reconciliations, treasury, customer service management, processing of modifications, amendments, and renewals, sales/use and personal property tax billing and administration, insurance tracking and insurance claims processing, system administration and financial/managerial reporting.

Commenting on this new appointment, John Enyart, President of PFSC, commented, “This transaction represents one of the largest securitizations in this asset class during 2011. We are pleased to be playing a meaningful role in this transaction and appreciate the confidence the Sponsor, Issuer and Noteholders have placed in our servicing capabilities.”

About Portfolio Financial Servicing Company

Portfolio Financial Servicing Company (“PFSC”) is a third party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize, and royalty-based receivables). Since 1992, PFSC has serviced billions in asset value for a diverse group of clients across the U.S. PFSC provides a comprehensive suite of services including primary servicing, successor servicing, and backup servicing. PFSC also provides certain a la carte services such as document custodianship, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. For more information, visit www.pfsc.com

Commenting on this new engagement, John Enyart, President of PFSC, commented, “We are seeing increased demand for our backup servicing and document custodian services within the markets we serve. We have enjoyed a long-term and positive relationship with both the issuer and investor on this transaction and, as always, we appreciate the confidence and commitment they have exhibited to our organization.”

Under the new facility, PFSC will perform data mapping, coding, development and ongoing data receipt and reconciliation functions for the benefit of the investor and client. PFSC will also receive, certify and retain each original document package for the benefit of the investor. As provided for in the transaction documents, PFSC would assume successor servicing duties should certain substantive events occur.

About Portfolio Financial Servicing Company

Portfolio Financial Servicing Company (“PFSC”) is a third party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize, and royalty-based receivables). Since 1992, PFSC has serviced billions in asset value for a diverse group of clients across the U.S. PFSC provides a comprehensive suite of services including primary servicing, successor servicing, and backup servicing. PFSC also provides certain a la carte services such as document custodianship, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. For more information, visit www.pfsc.com