-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Lk09G0M+O1jk0lE6oXSxLHOxwsrLQNNIaxRDzjHo7JFLsPQLaHjRsma9w/PbEdwW QLRoHs+WW74kd+UbgIYpIQ== 0001137185-05-000004.txt : 20051114 0001137185-05-000004.hdr.sgml : 20051111 20051114092711 ACCESSION NUMBER: 0001137185-05-000004 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051114 DATE AS OF CHANGE: 20051114 GROUP MEMBERS: AMSTER LIMITED PARTNERSHIP GROUP MEMBERS: AMSTER TRADING COMPANY GROUP MEMBERS: AMSTER TRADING COMPANY CHARITABLE REMAINDER UNITRUSTS GROUP MEMBERS: DAVID ZLATIN GROUP MEMBERS: DAVID ZLATIN AND GILDA ZLATIN JTWROS GROUP MEMBERS: GILDA ZLATIN GROUP MEMBERS: HOWARD AMSTER GROUP MEMBERS: HOWARD AMSTER 2005 CRUT GROUP MEMBERS: LET'S GET ORGANIZED, INC. GROUP MEMBERS: PLEASANT LAKE APTS. CORP. GROUP MEMBERS: PLEASANT LAKE APTS. LTD. PARTNERSHIP GROUP MEMBERS: RAMAT SECURITIES LTD. GROUP MEMBERS: SAMUEL J. HELLER GROUP MEMBERS: SAMUEL J. HELLER IRREVOCABLE TRUST GROUP MEMBERS: TOVA FINANCIAL INC. CHARITABLE REMAINDER TRUST GROUP MEMBERS: TOVA FINANCIAL, INC. GROUP MEMBERS: ZAK GROUP LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IMPAC MORTGAGE HOLDINGS INC CENTRAL INDEX KEY: 0001000298 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 330675505 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49465 FILM NUMBER: 051197074 BUSINESS ADDRESS: STREET 1: 1401 DOVE STREET CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9494753600 MAIL ADDRESS: STREET 1: 1401 DOVE STREET CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FORMER COMPANY: FORMER CONFORMED NAME: IMPERIAL CREDIT MORTGAGE HOLDINGS INC DATE OF NAME CHANGE: 19950911 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RAMAT SECURITIES LTD CENTRAL INDEX KEY: 0001137185 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 23811 CHAGRIN BLVD STREET 2: SUITE 200 CITY: BEACHWOOD STATE: OH ZIP: 44122 BUSINESS PHONE: 2165950987 MAIL ADDRESS: STREET 1: 23811 CHAGRIN BLVD STREET 2: SUITE 200 CITY: BEACHWOOD STATE: OH ZIP: 44122 SC 13D/A 1 amendmentone.txt OMB Number 3235-0145 United States Securities and Exchange Commission Washington DC 20549 Schedule 13D/A Under the Securities and Exchange Act of 1934 Amendment No. 1 IMPAC MORTGAGE HOLDINGS, INC. Name of Issuer common stock Title of Class of Securities 45254P102 CUSIP Number Howard Amster, 23811 Chagrin Blvd., Suite 200 Beachwood, Ohio 44122-5525, 216 595-1047 Name, address and telephone number of person authorized to receive notices and communications. 11/09/05 Date of event which requires filing of this statement. If this filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e) (f) or (g), check the following box / /. Note: Scheduled filed in paper format shall include a signed original and five copies of the schedule including all exhibits. See 240.13D-7 for other parties to who copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that Section of the Act, but shall be subject to all other provisions of the Act (however see the Notes). 1 Name of Reporting Person Howard Amster 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting 3,972,400 Beneficially Owned By Each 8 Shared Voting 5,597,000 Reporting Person With 9 Sole Dispositive 3,972,400 10 Shared Dispositive 5,597,000 11 Aggregate Amount Beneficially owned 4,677,900 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 6.15 % 14 Type of Reporting Person IN 1 Name of Reporting Person Howard M Amster 2005 Charitable Remainder Unitrust 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds AF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 5,900 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 5,900 11 Aggregate Amount Beneficially owned 5,900 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.01 % 14 Type of Reporting Person OO 1 Name of Reporting Person Amster Limited Partnership 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 3,600 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 3,600 11 Aggregate Amount Beneficially owned 3,600 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.01 % 14 Type of Reporting Person PN 1 Name of Reporting Person Amster Trading Company 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 1,115,300 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 1,115,300 11 Aggregate Amount Beneficially owned 246,100 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.32 % 14 Type of Reporting Person CO 1 Name of Reporting Person Amster Trading Company Charitable Remainder Unitrusts 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds AF 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 905,200 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 905,200 11 Aggregate Amount Beneficially owned 905,200 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 1.19 % 14 Type of Reporting Person OO 1 Name of Reporting Person Samuel J Heller 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 8,000 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 8,000 11 Aggregate Amount Beneficially owned 8,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.01 % 14 Type of Reporting Person IN 1 Name of Reporting Person Samuel J Heller Irrevocable Trust 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds OO 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 8,000 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 8,000 11 Aggregate Amount Beneficially owned 8,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.01 % 14 Type of Reporting Person OO 1 Name of Reporting Person Let's Get Organized, Inc. 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 700 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 700 11 Aggregate Amount Beneficially owned 700 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.0 % 14 Type of Reporting Person CO 1 Name of Reporting Person Pleasant Lake Apts. Corp. 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 25,000 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 25,000 11 Aggregate Amount Beneficially owned 25,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.03 % 14 Type of Reporting Person CO 1 Name of Reporting Person Pleasant Lake Apts. Ltd. Partnership 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds 00 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 25,000 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 25,000 11 Aggregate Amount Beneficially owned 25,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.03 % 14 Type of Reporting Person 00 1 Name of Reporting Person Ramat Securities Ltd. 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 430,800 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 430,800 11 Aggregate Amount Beneficially owned 430,800 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.57 % 14 Type of Reporting Person BD 1 Name of Reporting Person Tova Financial, Inc. 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 37,480 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 37,480 11 Aggregate Amount Beneficially owned 30,900 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.04 % 14 Type of Reporting Person CO 1 Name of Reporting Person Tova Financial, Inc. Charitable Remainder Unitrust 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds AF 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 6,580 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 6,580 11 Aggregate Amount Beneficially owned 6,580 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.01 % 14 Type of Reporting Person OO 1 Name of Reporting Person ZAK Group LLC 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 3,600 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 3,600 11 Aggregate Amount Beneficially owned 3,600 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.01 % 14 Type of Reporting Person OO 1 Name of Reporting Person David Zlatin 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting 7,130 Beneficially Owned By Each 8 Shared Voting 480,580 Reporting Person With 9 Sole Dispositive 7,130 10 Shared Dispositive 480,580 11 Aggregate Amount Beneficially owned 481,130 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.63 % 14 Type of Reporting Person IN 1 Name of Reporting Person David Zlatin and Gilda Zlatin JTWROS 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 45,480 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 45,480 11 Aggregate Amount Beneficially owned 38,900 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.05 % 14 Type of Reporting Person IN 1 Name of Reporting Person Gilda Zlatin 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting 2,120 Beneficially Owned By Each 8 Shared Voting 45,480 Reporting Person With 9 Sole Dispositive 2,120 10 Shared Dispositive 45,480 11 Aggregate Amount Beneficially owned 41,020 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.05 % 14 Type of Reporting Person IN There are no changes to the Schedule 13D, as amended except as set forth in this first amendment. Item 2. Identity and Background David Zlatin and Gilda Zlatin as Joint Tenants with Rights of Survivorship ("JTWROS") David Zlatin and Gilda Zlatin are husband and wife. Except for their JTWROS holding, Tova Financial, Inc. and Tova Financial, Inc. Charitable Remainder Unitrust, each disclaims any shared voting and dispositive power over shares of Impac Mortgage Holdings, Inc. that each may own as a beneficial owner. a) David Zlatin b) 2562 Biscayne Blvd., Beachwood, Ohio 44122-1773 c) Present principal occupation- Principal, Ramat Securities Ltd., securities firm- 23811 Chagrin Blvd. # 200, Beachwood, Oh 44122-5525 d) David Zlatin has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) David Zlatin has not been party to any civil proceedings of a judicial or administrative body or competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. Gilda Zlatin a) Gilda Zlatin b) 2562 Biscayne Blvd., Beachwood, Ohio 44122-1773 c) Present principal occupation- Teacher On leave/sabbatical. d) Gilda Zlatin has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Gilda Zlatin has not been party to any civil proceedings of a judicial or administrative body or competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. Item 3. Source and Amount of Funds or Other Consideration Howard Amster, in his personal and individual retirement accounts purchased all 589,815 common shares with personal funds without borrowing. The total consideration for the purchases reported on this amendment is $ 5,963,654.25 bringing Howard Amster's investment to $ 64,381,181.67. Howard M Amster 2005 Charitable Remainder Unitrust purchased all 3,300 common shares with trust assets without borrowing. The total consideration for the purchase reported on this amendment is $ 32,722.40 bringing Howard M Amster 2005 Charitable Remainder Unitrust's total investment to $ 65,874.77. Amster Trading Company purchased all 105,985 common shares with working capital without borrowing. The total consideration for the purchase reported on this amendment is $ 1,098,438.05 bringing Amster Trading Company's total investment to $ 3,701,335.99. Amster Trading Company Charitable Remainder Unitrusts purchased all 114,000 common shares with trust assets without borrowing. The total consideration for the purchases reported on this amendment is $ 1,168,241.31 bringing the Amster Trading Company Charitable Remainder Unitrusts's total investment to $ 13,332,163.66. Ramat Securities Ltd. purchased 261,300 common shares with working capital without borrowing. The total consideration for the purchases reported on this amendment is $ 2,636,357 bringing Ramat Securities Ltd.'s total investment to $ 3,518,862.20. Tova Financial, Inc. purchased all 22,900 common shares with working capital without borrowing. The total consideration for the purchases reported on this amendment is $ 227,274.45 bringing Tova Financial, Inc.'s total investment to $ 390,086.05. Tova Financial, Inc. Charitable Remainder Unitrust purchased all 1,580 common shares with trust assets without borrowing. The total consideration for the purchases reported on this amendment is $ 15,661.22 bringing Tova Financial, Inc. Charitable Remainder Unitrust's total investment to $127,305.72. David Zlatin and Gilda Zlatin as JTROS purchased all 8,000 common shares with their personal funds and without borrowing. The total consideration for their purchase is $ 77,295.90. Item 4. Purpose of Transaction Howard Amster, Howard M Amster 2005 Charitable Remainder Unitrust, Amster Limited Partnership, Amster Trading Company, Amster Trading Company Charitable Remainder Unitrusts, Samuel J Heller, Samuel J. Heller Irrevocable Trust, Let's Get Organized Inc., Pleasant Lake Apts. Corp., Pleasant Lake Apts. Ltd. Partnership, Ramat Securites Ltd., Tova Financial, Inc., Tova Financial Inc. Charitable Remainder Unitrust, Zak Group Ltd., David Zlatin, Gilda Zlatin, David Zlatin and Gilda Zlatin JTWROS acquired their shares for purposes of investment and may deemed to be a group. There are no present plans or proposals by this group of record or the beneficial owners as reported in this Schedule 13D which relates to or would result in the following: a. The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer provided, however, the reporting persons might acquire additional shares or other securities of the issuer or dispose of some or all of their shares depending upon market conditions and their personal circumstances; Item 5. Interest in Securities of the Issuer The outstanding common shares of the Issuer is 76,058,363 shares. Refer to 10-Q for quarterly period ending September 30, 2005. (a)(b) The aggregate amount owned by this Reporting Group is 5,652,430 shares or 7.43 % of the outstanding shares. Howard Amster in his name and individual retirement accounts owns 3,972,400 shares or 5.22 % of the common outstanding shares. Howard M Amster 2005 Charitable Remainder Unitrust owns 5,900 shares or 0.01 % of the common outstanding shares. Amster Trading Company owns 246,100 shares or 0.32 % of the common outstanding shares. Amster Trading Company Charitable Remainder Unitrusts own 905,200 shares or 1.19 % of the common outstanding shares. Samuel J Heller Irrevocable trust owns 8,000 shares or 0.01 % of the common outstanding shares. Let's Get Organized, Inc. owns 700 shares or 0.00 % of the common outstanding shares. Pleasant Lake Apts. Ltd. Partnership owns 25,000 common shares or 0.03 % of the common outstanding shares. Ramat Securities Ltd. owns 430,800 common shares or 0.57 % of the common outstanding shares. Tova Financial, Inc. owns 30,900 common shares or 0.04 % of the common outstanding shares. Tova Financial, Inc. Charitable Remainder Unitrust owns 6,580 or 0.01 % of the common outstanding shares. ZAK Group LLC owns 3,600 common shares or 0.01 % of the common outstanding shares. David Zlatin owns 7,130 common shares or 0.01 % of the common outstanding shares. David Zlatin and Gilda Zlatin as JTWROS owns 8,000 common shares or 0.01 % of the common outstanding shares. Gilda Zlatin owns 2,120 common shares or 0.00 % of the common outstanding shares. c) Description of Transactions All purchases were executed on a listed stock exchange as an open market transaction.
Executing Identity Date Shares Price Broker Howard Amster 10/04/05 22400 12.2429 Bear, Stearns and his 10/14/05 56500 10.4613 Bear, Stearns Individual 10/31/05 214900 10.0031 Bear, Stearns Retirement Accounts11/01/05 1200 9.8267 Bear, Stearns 11/01/05 36100 9.898 Bear, Stearns 11/01/05 8300 9.94 McDonald 11/03/05 26100 10.0993 Bear, Stearns 11/07/05 7700 9.9478 Bear, Stearns 11/09/05 4000 9.744 Bear, Stearns 11/09/05 35500 9.6867 Bear, Stearns 11/10/05 135500 9.8466 Bear, Stearns 11/11/05 41615 10.349 Bear, Stearns Howard M Amster 11/01/05 3300 9.898 Bear, Stearns 2005 Charitable Remainder Unitrust Amster Trading 11/11/05 105985 10.349 Bear, Stearns Company Amster Trading 10/05/05 6000 11.1697 Bear, Stearns Company 10/06/05 36000 10.4417 Bear, Stearns Charitable 10/07/05 19800 10.3582 Bear, Stearns Remainder 10/10/05 13800 10.1128 Bear, Stearns Unitrusts 11/01/05 5600 9.898 Bear, Stearns 11/07/05 4300 9.9478 Bear, Stearns 11/10/05 28500 9.8466 Bear, Stearns Ramat Securities 09/30/05 5000 12.307 Bear, Stearns Ltd. 10/03/05 22300 12.36031 Bear, Stearns 11/04/05 89900 9.96174 Bear, Stearns 11/07/05 52700 9.91571 Bear, Stearns 11/08/05 8200 9.69048 Bear, Stearns 11/08/05 7500 9.6228 Bear, Stearns 11/09/05 66700 9.6541 Bear, Stearns 11/09/05 9000 9.50066 Bear, Stearns Tova Financial, Inc. 11/04/05 22900 9.9155 Bear, Stearns Tova Financial, Inc. 10/31/05 1040 10.0031 Bear, Stearns Charitable Remainder 11/10/05 540 9.6 Bear, Stearns Unitrust David Zlatin & 11/08/05 8000 9.6483 Bear, Stearns Gilda Zlatin JTWOS
Signature After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: November 14, 2005 /s/ Howard Amster /s/ Howard M Amster 2005 Charitable Remainder Unitrust By: Howard Amster Title: Trustee /s/ Amster Limited Partnership By: Howard Amster Title: General Partner /s/ Amster Trading Company By: Howard Amster Title: President /s/ Amster Trading Company Charitable Remainder Unitrusts By: Howard Amster Title: Trustee /s/ Samuel J Heller /s/ Samuel J Heller Irrevocable Trust By: Howard Amster Title: Trustee /s/ Let's Get Organized Inc. By: David Zlatin Title: President /s/ Pleasant Lake Apts. Corp. By: Howard Amster Title: President /s/ Pleasant Lake Apts. Ltd. Partnership By: Pleasant Lake Apts. Corp., Howard Amster, President Title: Its General Partner /s/ Ramat Securities Ltd. By: David Zlatin Title: Principal /s/ Tova Financial, Inc. By: David Zlatin Title: President /s/ Tova Financial, Inc. Charitable Remainder Unitrust By: David Zlatin & Gilda Zlatin Title: Co-trustees /s/ Zak Group LLC By: David Zlatin Title: Member /s/ David Zlatin /s/ /s/ David Zlatin and Gilda Zlatin as JTWOS /s/ Gilda Zlatin -----END PRIVACY-ENHANCED MESSAGE-----