PYRAMID ADVISORS LIMITED PARTNERSHIP

Financial services, namely, financial analysis of hotel and resort assets and portfolios; financial services, namely, receivership services for hotels and resorts; financial management services in the field of real estate, namely, monitoring, approving, and managing resort finances on behalf of passive investors; Resort management services for others; administrative resort management, namely, monitoring, approving, and managing resort operations on behalf of passive investors; managing and operating resort hotels and business conference centers of others; "HOTEL GROUP"

Financial services, namely, financial analysis of hotel and resort assets and portfolios; financial services, namely, receivership services for hotels and resorts; financial management services in the field of real estate, namely, monitoring, approving, and managing resort finances on behalf of passive investors; Resort management services for others; administrative resort management, namely, monitoring, approving, and managing resort operations on behalf of passive investors; managing and operating resort hotels and business conference centers of others; "HOTEL GROUP"

Real estate development and renovation, namely, construction management of projects to develop and renovate property including buildings and/or land; Real estate services, namely, real estate consulting, real estate management, and acquisition of real estate for others; financial management services in the field of real estate, namely, monitoring, approving, and managing hotel finances on behalf of passive investors; Hotel management services for others; project management services in the field of real estate, namely, business management of hotel renovation and reconstruction projects for others; administrative hotel management, namely, monitoring, approving, and managing hotel operations on behalf of passive investors; disposition of real estate for others, namely, real estate sales management; "HOTEL GROUP"

Real estate development and renovation, namely, construction management of projects to develop and renovate property including buildings and/or land; Real estate services, namely, real estate consulting, real estate management, and acquisition of real estate for others; financial management services in the field of real estate, namely, monitoring, approving, and managing hotel finances on behalf of passive investors; Hotel management services for others; project management services in the field of real estate, namely, business management of hotel renovation and reconstruction projects for others; administrative hotel management, namely, monitoring, approving, and managing hotel operations on behalf of passive investors; disposition of real estate for others, namely, real estate sales management; "HOTEL GROUP"