Michael Barnes

Bear, Stearns & Co., Inc. is a global investment banking, securities trading and brokerage firm located in New York City with additional offices in Dallas, Boston and San Francisco. The firm is a subsidiary Bear Sterns Cos., Inc. (NYSE: BSC). Their equity research team consists of senior analysts located throughout the world. In addition to domestic coverage, they have research teams focusing on Latin America, Asia and Europe. The analysts use a bottom-up approach to stock selection. The Bear Stearns fixed-income research department provides coverage of every sector of the fixed-income universe. The financial analytics and structured transactions group (F.A.S.T) provides investment research, fixed-income portfolio management and analytical systems, trading technology and general financial expertise. The group also provides a broad range of services to financial institutions including asset-liability management, balance sheet restructuring, receivables-based financing analysis, security and portfolio analysis, peer analysis, and historical and real-time market-based information.

Apple Creek Acquisition Corp. is a blank check company. It engages in initial business combination, to acquire a controlling interest in an operating business in the alternative asset management sector. The company was founded in November 2007 and is headquartered in New York, NY.

Tiptree Financial Partners LP acquires perfoming and distressed credit assets and related equity interests. The company seeks to generate income from distributions and capital gains from these assets. Tiptree Financial Partners is externally managed by Tricadia Capital Management LLC, which organized the company in May 2007. Tiptree is located in New York, NY.

Fortegra Financial Corp. engages in the provision of nsurance services. It offers automotive solutions, credit protection, warranty solutions, health insurances, and specialty programs. The company was founded in 1996 and is headquartered in Jacksonville, FL.

Philadelphia Financial Group, Inc. provides private placement life and annuity products. The company was founded on August 05, 1999 and is headquartered in Philadelphia, PA.

Tiptree Advisors LLC is a SEC-registered investment advisor and hedge fund manager headquartered in New York City. The firm was founded by Michael Barnes and Arif Inayatullah in 2003 as Tricadia Capital Management LLC. They are wholly owned by Tiptree Advisors Holdings LP. Formerly known as Corvid Peak Capital Management LLC, Tiptree Advisors provides discretionary portfolio management and advisory services to institutional investors. They also manage certain assets on behalf of Tiptree, Inc.