Michael Cohen, MDC Financial Research Mr. Cohen founded MDC Financial Research in December 2008 and launched the company’s “Event-Driven Legal℠” service for institutional investors in February 2009. This service follows significant legal disputes to provide both long and short-term investment ideas. Mr. Cohen has focused his investment-research career on the information technology sector. His research includes a specialization on legal developments in patent infringement and antitrust cases. Prior to founding his own firm, Mr. Cohen founded the research department at Pacific American Securities, LLC when he joined the firm in 2002 as its Director of Research. Before joining Pacific American Securities, Mr. Cohen was a fund co-manager of the Alpha Analytics Digital Future Fund, a public mutual fund established in 1999. He participated in the fund’s design and planning and was responsible for analyzing the technology sector and selecting the stocks for the fund. Mr. Cohen earned his M.B.A. in finance (1997) and a B.A. degree in Economics (cum laude) from California State University, Northridge in 1988. He has obtained the Certified Management Accountant (CMA) and Certified Financial Manager (CFM) designations, awarded by the Institute of Management Accountants (IMA). Mr. Cohen served on the Board of Directors and the Executive Committee of the IMA, and he was Chairman of its international-level Committee on Information Technology from 2003 until 2005.