SandRidge Energy, Inc.

Cannell Capital is an active investor that employs fundamental, bottom-up research in order to make investment decisions. The firm utilizes a long/short strategy that focuses on investments in publicly traded equities, generally small-cap companies, which primarily located in North America. Investment idea generation may be qualitative and/or quantitative in nature.

New Generation Advisors manages funds that invest in distressed securities including defaulted debt, certain high yield debt and equity securities of troubled companies. The portfolios hold a mix of long and short positions in distressed securities.

Lonestar Capital Management's investment strategy is based on rejection of the efficient market hypothesis. The firm seeks to exploit material mispricing among investments by knowing more than the market does about their targeted investment opportunities. Lonestar invests in debt and equity securities based on a value-oriented approach. Investment targets include hard-asset industrial and commodity-based businesses, and include bankruptcy and turnaround situations, energy and transportation companies, agricultural concerns and real estate securities. The firm may invest in securities of any kind, including, but not limited to, illiquid securities, private claims of distressed companies, and investments based on their macroeconomic analysis, which are typically made through buying or selling sovereign debt or credit default swaps, interest rate swaps or other currency or commodity related instruments. Evaluation of a target company's balance sheet and cash flow statement is of prime consideration in developing the investment thesis. Lonestar continually engages in a search for secular, industry-wide trends so that multiple investments can be made along a common theme. Lonestar invests on both the long and short sides of the market. Particular emphasis is placed on companies with complicated balance sheets that may result in multiple as well as arbitraged investment positions within a single company's capital structure. The firm also seeks out intra-industry hedged positions when material mispricing is observed.

Ares Private Equity Group focuses on investment strategies as corporate private equity, special situations and U.S. power and energy infrastructure. The firm manages three dedicated investment teams in North America, Europe and China. They invest opportunistically across a broad spectrum of distressed or mispriced investments, including corporate debt, rescue capital, private asset-backed investments, post-reorganization securities and non-performing portfolios.Ares Private Equity Group makes majority, minority and shared-control investments, mainly in under-capitalized middle-market companies. The firm’s target investment characteristics are: leading market share and brand awareness, entrenched position with customers, low-cost operations relative to industry peers, strong return on net assets, experienced management team with meaningful equity ownership and a focus on growth, demonstrated ability to withstand economic downturns and strong EBITDA to free cash flow conversion. The firm provides financing for leveraged control buyouts, growth equity, rescue/de-leveraging capital and distressed buyouts/discounted debt accumulation capital requirements. The firm’s investment size ranges from $25 to $75 million in businesses predominately located or operating in Greater China (mainland China, Hong Kong, Macau, and Taiwan).