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<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 align=left
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<tr style='mso-yfti-irow:0;mso-yfti-lastrow:yes;height:4.4in'>
<td width=795 valign=bottom style='width:477.0pt;padding:5.05pt 12.25pt 2.15pt 11.5pt;
height:4.4in'>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><strong><o:p> </o:p></strong></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><span class=style551><b style='mso-bidi-font-weight:normal'>HedgeLender
Nonrecourse</b></span><b style='mso-bidi-font-weight:normal'><span
style='color:black'><br>
</span></b><span class=style551><b style='mso-bidi-font-weight:normal'>Securities
Loan Programs for Equities Owners</b></span><b style='mso-bidi-font-weight:
normal'><br>
<br>
</b><span class=style371><b style='mso-bidi-font-weight:normal'>Fast Funding
Against </b></span><b style='mso-bidi-font-weight:normal'><i><span
style='color:#CC0000'><br>
</span></i></b><span class=style371><b style='mso-bidi-font-weight:normal'>a </b></span><st1:place><st1:PlaceName><span
class=style371><b style='mso-bidi-font-weight:normal'>Wide</b></span></st1:PlaceName><span
class=style371><b style='mso-bidi-font-weight:normal'> </b></span><st1:PlaceType><span
class=style371><b style='mso-bidi-font-weight:normal'>Range</b></span></st1:PlaceType></st1:place><span
class=style371><b style='mso-bidi-font-weight:normal'> of Securities Since
1999</b></span><strong><span style='font-weight:normal;mso-bidi-font-weight:
bold'><o:p></o:p></span></strong></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><strong><o:p> </o:p></strong></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><strong>HedgeLoans -</strong><strong><span style='font-weight:normal;
mso-bidi-font-weight:bold'> nonrecourse (walkaway from repayment) loans
collateralized by securities secured through investment grade, private
counterparties - are available for equities in the </span></strong><st1:country-region><st1:place><strong><span
style='font-weight:normal;mso-bidi-font-weight:bold'>United States</span></strong></st1:place></st1:country-region><strong><span
style='font-weight:normal;mso-bidi-font-weight:bold'> and most major foreign
markets. </span></strong><b style='mso-bidi-font-weight:normal'><o:p></o:p></b></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><span class=style471><o:p> </o:p></span></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><span class=style471>There's a secure HedgeLoan program for your
portfolio</span>. We have a range of programs tailored to free-trading
government, corporate, municipal, and special purpose equities. <o:p></o:p></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><span class=style501><o:p> </o:p></span></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><span class=style501>Customize your securities HedgeLoan. </span>Choose
from among our full featured nonrecourse, programs with up to 90%
loan-to-value, full upside appreciation to your account, and low interest
rates – with dividends credited against interest!<o:p></o:p></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><span class=style501><o:p> </o:p></span></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><span class=style501>Fast funding in a matter of days</span>...
three days cash wires.<o:p></o:p></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><o:p> </o:p></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><strong>If you are curious as to whether your equities will qualify,
simply <a href="mailto:support@hedgelender.com">drop us an e-mail </a>and let
us know. You can also give us a call at </strong><span class=style531><b>1.800-244.7616.<o:p></o:p></b></span></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><strong><span style='color:#0000CC;background:#FFFFCC'><o:p> </o:p></span></strong></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><strong><span style='color:#0000CC;background:#FFFF99'>Open to
foreign securities holders.</span></strong><span class=style441><span
style='mso-ansi-font-size:12.0pt;mso-bidi-font-size:12.0pt;font-family:"Times New Roman";
border:none;background:#FFFF99'><span style='border:none'> Borrowers from
outside the </span></span></span><st1:country-region><st1:place><span
class=style441><span style='mso-ansi-font-size:12.0pt;mso-bidi-font-size:
12.0pt;font-family:"Times New Roman";border:none;background:#FFFF99'><span
style='border:none'>U.S.</span></span></span></st1:place></st1:country-region><span
class=style441><span style='mso-ansi-font-size:12.0pt;mso-bidi-font-size:
12.0pt;font-family:"Times New Roman";border:none;background:#FFFF99'><span
style='border:none'> may use securities trading on EC and selected Asian
exchanges, and may receive their loan funds in </span></span></span><st1:country-region><st1:place><span
class=style441><span style='mso-ansi-font-size:12.0pt;mso-bidi-font-size:
12.0pt;font-family:"Times New Roman";border:none;background:#FFFF99'><span
style='border:none'>U.S.</span></span></span></st1:place></st1:country-region><span
class=style441><span style='mso-ansi-font-size:12.0pt;mso-bidi-font-size:
12.0pt;font-family:"Times New Roman";border:none;background:#FFFF99'><span
style='border:none'> or local currency, provided that all actions and steps
are in compliance with the <span style='border:none'>U.S. Patriot Act and
local national law and regulation</span></span></span></span><span
class=style441><span style='mso-ansi-font-size:12.0pt;mso-bidi-font-size:
12.0pt;font-family:"Times New Roman";border:none'><span style='border:none'>.
</span></span></span><span class=style441><span style='mso-ansi-font-size:
12.0pt;mso-bidi-font-size:12.0pt;font-family:"Times New Roman";border:none'><o:p></o:p></span></span></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><o:p> </o:p></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><span class=style471>Avoid selling; Obtain cash against your
securities without waiting until maturity. </span>Our securities HedgeLoan
can be an excellent alternative to the tax and investment consequences of an
outright sale; you always remain beneficial owner with a HedgeLoan.<o:p></o:p></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'>. <o:p></o:p></p>
<p class=MsoNormal style='margin-left:.5in;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><strong><span style='color:#3300CC;background:#FFFF99'>Secure,
proven, trusted</span></strong><span class=style511><span style='background:
#FFFF99'>. </span></span><span class=style441><span style='mso-ansi-font-size:
12.0pt;mso-bidi-font-size:12.0pt;font-family:"Times New Roman";border:none;
background:#FFFF99'><span style='border:none'>HedgeLender is recognized in
the industry for its professionalism and skill, having earned a reputation
for security, compliance, and service in the hedged portfolio equitie<span
style='border:none'>s industry. </span></span></span></span><span
style='color:black;background:#FFFFCC'><br style='mso-special-character:line-break'>
<![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'>
<![endif]></span></p>
<p class=style11 align=center style='text-align:center;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;
mso-height-rule:exactly'><span class=style221><span style='font-size:8.0pt;
font-family:Arial'>Copyright 2005-2006 © HedgeLende<span class=GramE>, ,LLC</span>.
1-800-244-7616. All rights reserved.<o:p></o:p></span></span></p>
<p class=style11 style='text-align:justify;mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><span style='font-size:8.0pt;font-family:Arial;color:#666666'>HedgeLoan<span
class=style251><span style='mso-ansi-font-size:8.0pt;mso-bidi-font-size:8.0pt'>(sm)</span></span>
is a proprietary mark of HedgeLender, LLC. <span class=GramE>a</span>
registered </span><st1:State><st1:place><span style='font-size:8.0pt;
font-family:Arial;color:#666666'>Pennsylvania</span></st1:place></st1:State><span
style='font-size:8.0pt;font-family:Arial;color:#666666'> limited liability
company. HedgeLender Corporation is a provider of securities liquidity
services for individual and institutional clients, and does not offer any
form of investment (buy or sell), tax counseling, estate planning, or any
other securities, equities, or other financial advice whatsoever. No
information or statement by any HedgeLender associate, representative, or
staff shall be construed as such advice. Resolution of any potential legal or
tax issues involving HedgeLoan financing should be carried out by the
licensed attorneys, accountants or other professional advisors of each
individual client. More information on current closed transactions by
HedgeLender Corporation available by request. To be removed from future
mailings please <a href="mailto:support@hedgelender.com"><span class=GramE>reply
to this email</span></a><span class=GramE> with the word "remove</span>"
in the subject line. We apologize for any inconvenience for misdirected
emails.</span><span style='font-size:8.0pt;font-family:Arial'><o:p></o:p></span></p>
<p class=style44style52 style='mso-element:frame;mso-element-frame-hspace:
9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:paragraph;
mso-element-anchor-horizontal:margin;mso-element-top:-44.95pt;mso-height-rule:
exactly'><o:p> </o:p></p>
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</font><font color="#999999" face="arial, verdana" size="2">One Freedom Square · 11951 Freedom Drive · Reston, VA 20190<br>This e-mail message is an advertisement and/or solicitation.</font></p></td></tr></table></body>
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