X0202 4 2006-08-07 1 0001117042 MPOWER HOLDING CORP MPE 0001127939 ASPEN ADVISORS LLC 152 WEST 57TH STREET 39TH FLOOR NEW YORK NY 10019 0 0 1 0 0001237622 ASPEN PARTNERS SERIES A C/O ASPEN ADVISORS LLC 152 WEST 57TH STREET NEW YORK NY 10019 0 0 0 1 Affiliate of 10% Owner 0001237613 ASPEN CAPITAL LLC C/O ASPEN ADVISORS LLC 152 WEST 57TH STREET NEW YORK NY 10019 0 0 0 1 Affiliate of 10% Owner 0001237606 HECHT NIKOS C/O ASPEN ADVISORS LLC 152 WEST 57TH STREET, 39TH FLOOR NEW YORK NY 10019 0 0 1 0 Common Stock, par value $.001 per share 2006-08-07 4 S 0 10290000 1.92 D 0 I See Footnotes Warrants to purchase Common Stock 1.62 2006-08-07 4 S 0 200000 D 2008-09-25 Common Stock 200000 0 I See Footnotes The shares of Common Stock reported herein were beneficially owned by Aspen Partners Series A, a series of Aspen Capital Partners L.P., a Delaware limited partnership (the "Partnership"). The general partner of the Partnership is Aspen Capital, LLC, a Delaware limited liability company (the "General Partner"). The managing member of the General Partner is Nikos Hecht. The investment manager of the Partnership is Aspen Advisors LLC (the "Advisor"). The managing member of the Advisor is Nikos Hecht. As a result thereof, each of the General Partner, the Advisor and Nikos Hecht may be deemed to have beneficially owned the shares held by the Partnership. The shares of Common Stock reported herein were beneficially owned by private institutional accounts managed by the Advisor. The managing member of the Advisor is Nikos Hecht. As a result thereof, each of the Advisor and Nikos Hecht may be deemed to have beneficially owned the shares held by such private institutional accounts. Immediately exercisable. Warrants were cancelled in the merger with U.S. TelePacific Holdings Corp. in exchange for a cash payment equal to the number of warrants multiplied by the difference between $1.92 per share and the warrant exercise price. Nikos Hecht, Managing Member 2006-08-09 Aspen Partners, Series A, a series of Aspen Capital Partners, LP, by Aspen Capital LLC, General Partner, by Nikos Hecht, Managing Member 2006-08-09 Aspen Capital LLC, by Nikos Hecht, Managing Member 2006-08-09 Nikos Hecht 2006-08-09