PFSC has been a leading provider of structured settlement, lottery and annuity servicing since 2002. John Enyart, President of PFSC, commented, “PFSC is pleased to have been selected as the Servicer for this new purchase facility. The comprehensive servicing of structured settlements has been a core competency at PFSC for many years and we are always appreciative of being given the opportunity to offer our services to the dynamic structured settlement marketplace”.

Under the new facility, PFSC will be responsible for substantially all structured settlement boarding, funding, document certification and retention, payment posting, collections, customer service, split-payment processing and investor reporting functions.

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

John Enyart, President of PFSC, will be a panel participant and will be discussing risk mitigation developments in the equipment finance sector. The Investors’ Conference on Equipment Finance, produced by Information Management Network in partnership with the Equipment Leasing and Finance Association, has been an excellent venue to discuss current topics and trends important to the equipment finance marketplace. John Enyart commented, “This IMN/ELFA conference continues to be an excellent venue to meet with industry leaders and discuss the ever changing equipment finance marketplace. This will be PFSC’s fifth year as both a sponsor and participant, and we find this conference to be one of the best equipment finance conferences each year. PFSC is proud to continue sponsoring and attending this excellent event.”

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 commercial and consumer equipment finance transactions since 1992. John Enyart, President of PFSC, commented, “We are pleased to have been selected as the backup and successor servicer as well as custodian for this rated facility. Most important is the fact that our client continues to leverage PFSC’s servicing and custodian expertise after almost a decade of working together. We sincerely appreciate our client’s ongoing commitment to PFSC”.

Under the new facility, PFSC will perform data mapping, coding, development and ongoing data receipt and reconciliation functions for the benefit of the investors and client. PFSC will also receive, certify and retain each original document package for the benefit of the investors. 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

Under the agreement, PFSC will provide its client with nationwide sales and use tax return preparation and filing services and will prepare and file annual personal property tax renditions. PFSC will also perform personal property tax bill processing, treasury services, facilitate tax registrations, and provide audit support and other ad hoc services related to sales, use and personal property tax administration.

Commenting on this new engagement, John Enyart, President of PFSC, stated, “We are pleased to be able to provide our tax administration services to this well-established leasing company. Our clients routinely find that outsourcing tax administration duties to PFSC allows them to redirect resources to other critical areas of their business with the added benefit of saving money. Sales, use and personal property tax administration has been a core competency at PFSC for many years and is a growing segment of our business”.

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 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