Leverage Academy, LLC Course Description www.leverageacademy.com www.leverageacademy.com/blog info@leverageacademy.com

1. Introduction www.leverageacademy.com www.leverageacademy.com/blog

2. Introduction Global commerce cannot exist without the flow of capital. Businesses are financed with a mix of equity and debt, where each tranche or security has a different risk/return profile. At Leverage Academy, we encourage students to explore and learn how to analyze a firm’s capital structure. Our team instructs students and young professionals on how to structure deals, understand the flow of funds in the capital markets, and prepare for a long term career in Finance. Leverage Academy, LLC has taught students from Boston College & Boston University, and is starting courses at Babson College, Northeastern University, and Suffolk University from 2009-2010. Plans to expand into McGill (Montreal) and Philadelphia for 2010 are currently underway. GOAL OF EDUCATING STUDENTS & YOUNG PROFESSIONALS IN CAPITAL STRUCTURE

3. Introduction Leverage Academy, LLC is a partnership between industry professionals and instructors in North America (United States & Canada) and the EMEA region (Europe, Middle East, Africa). We have expertise across the capital structure and cover everything from modeling and structuring equity investments to placing senior secured debt. Our classes cater to individuals interested in investment banking, investment management, private equity, mezzanine finance, structured finance, venture debt, and distressed credit. Leverage Academy, LLC also provides resume consulting, career guidance, and potential internship opportunities to students who enroll. Leverage Academy Middle East is a joint venture with employees at Saudi ARAMCO and EFG Hermes, an investment bank based in Egypt and the UAE. The focus here is to educate and inspire Middle Eastern entrepreneurs and financiers to learn practical methods to value and structure deals in the EMEA region. Leverage Academy employees are either currently employed by or have experience working at: PARTNERSHIPS AROUND THE GLOBE WITH SAUDO ARAMCO AND EFG HERMES BANK

4. Course Overview PREPARING YOU FOR CAREERS IN: INVESTMENT BANKING, PRIVATE EQUITY, LEVERAGED FINANCE. COMMERCIAL BANKING, BUSINESS DEVELOPMENT, HEDGE FUNDS, MUTUAL FUNDS, VENTURE CAPITAL, & ENTREPRENEURSHIP.

5. Instructor Experience RELATIONSHIPS WITH FIRMS ACROSS U.S.

7. M&A advisory

8. Debt

9. Equity

10. Convertibles

11. Restructuring

12. Market making

13. Equities

14. Bonds

15. Derivatives

16. Foreign Exchange

17. Commodities

18. Interest rates

19. Mutual funds

20. Pension funds

21. Private Banking

22. High net worth

23. Private equity

24. Real estate

25. Venture capitalInvestment Banking Overview INTERVIEW TIPS AND EXPLANATION

26. IBD Program Breakdown Corporate Clients Investor Clients & Markets Corporate Finance & Advisory Capital Markets Sales & Trading Chinese Wall Industry Groups Product Groups Equity Sales Equity Trading Healthcare M & A Fixed Income Sales Real Estate Leveraged Finance Fixed Income Trading Financial Institutions Private Placements Foreign Exchange Financial Sponsors Derivatives Consumer Proprietary Trading Equity Capital Markets Media & Telecom Research Latin America Debt Capital Markets Etc. GROUP EXPLANATIONS & DISCUSSION

27. Excel Mobility OVER ONE HUNDRED EXCEL SHORTCUTS PROVIDED FOR EXCEL 2003 & 2007

28. 9 Capital IQ Software Training HOW TO PROCURE SEC FILINGS FOR ANALYSIS

29. 10 Capital IQ Software Training HOW TO USE INDUSTRY SOFTWARE

30. 11 Bloomberg Training HOW TO USE INDUSTRY SOFTWARE

31. 12 Bloomberg Training HOW TO USE INDUSTRY SOFTWARE

33. Business approach

34. Environmental factors

35. Competitors

36. Economic conditions

37. Regulation

38. Demographics

39. Receivables

40. Inventories

41. PPE

42. Research & Development

43. Employee training

44. Private equity

45. Short term credit

46. Long term credit

47. Mezzanine debt

48. Subordinated debt

49. Manufacturing

50. Supply chain management, distribution

51. Selling, retailers and wholesalers

52. Service packages

53. Value creationFinancial Statement Analysis DISCUSSION OF FINANCIAL STATEMENT ANALYSIS

55. Compensation Structure: 2% annual fee, 20% carry (upside)

56. Investment professionals invest alongside limited partners

58. The two main rating agencies, Standard & Poor’s (“S & P”) and Moody’s Investors Service (“Moody’s”), have several different ratings grades as shown below: Companies rated in the BBB/Baa category and above are classified as “investment grade” while those rated in the BB/Ba category and lower are classified as “high yield.” RATINGS AGENCIES DISCUSSION AND TYPES OF FINANCING Financing Alternatives

59. 17 IN DEPTH DISCUSSION OF CAPITAL STRUCTURE AND PIK INTEREST Capital Structure

61. An acquisition of strategic significance;

62. An LBO or other leveraging technique; or

63. A material change in the operating or financial performance of a company.CREDIT ANALYSIS WITH BANK RATIOS Credit Analysis

64. Basic Forecasting & Triggers MODELING BEST PRACTICES

65. Leveraged Buyout Modeling - PE SOURCES & USES, IN DEPTH LBO MODELING

66. Capital Structure – Hedge Funds CAPITAL STRUCTURE DISCUSSION & MODELING

67. Upstream Exploration & Production 5 Steps (Finding and Producing Hydrocarbons) Also known as F&D, finding and development costs. Development costs are costs of development planning, reservoir modeling, optimization, well design plans, drilling and completion of wells, and installing the infrastructure for gathering and processing. Production costs include the costs of lifting oil and gas out of the ground and to the surface. They include the costs of gathering and process hydrocarbons. DD&A (Depreciation, Depletion, and Amortization) costs here are incorporated into production costs. Costs involved with plugging and abandoning (P&A) a dry-hole appraisal well or a mature field that is no longer in production. Acquisition costs are costs of acquiring economic interest for right to explore, drill, and produce oil, natural gas, and byproducts. Also known as finding costs. Costs involved in identifying prospective wells, exploratory drilling costs, and seismic costs. INDUSTRY SPECIFIC CLASSES

68. Strategy & Implementation Competitive Analysis Strategy & Implementation

69. Thank You Please e-mail info@leverageacademy.com for enrollment. Financial aid is available. $50 for referrals. Leverage Academy, LLC140 Clarendon Street, Boston, MA 02116info@leverageacademy.com“As I said there is nothing wrong with failing. Pick yourself up and try it again. You never are going to know how good you really are until you go out and face failure.”-Henry Kravis