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AwardFINRA Dispute Resolution

In the Matter of the Arbitration Between:

Ahmass Labib Fal

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FINRADispute ResolutionArbitration No. 08-04953Award Page 3 of 5

Member FeesMem ber fees are assessed to each member firm that is a party in these proceedings orto the memberfirm that employed the associated person at thetime of the event givingrise to the dispute. Accordingly, as parties, Merrill Lynch Pierce Fen ner & Sm ith, Inc.and Banc of Ame rica Securities, LL C areassessed the following:

Mem ber surcharge = $ 3,750.00Pre-hearing proces s fee = $ 750.00Hearing proce ss fee = $ 5,500.00

Adjournment FeesAdjournments granted during these proceedings for which fees wereassessed:

Ap ril 26 - 29 and May 3-6, 2010 adjoumm ent by Claimant = $1,200.00Decem ber 7,2010 adjournment by Claimant = $1,200.00Decem ber 9. 2010 adiournment by Re spondents = $1.200.00Total adjoumm ent fees = $ 3,600.00

The Panel has assessed $3,600.00 of theadjournment fees jointly and severally toRespondents.

Discovery -Related Motion Fees

Fees apply for each decision rendered o n a discovery-related motion.

Tw o (2) Decisions on discovery-related motions on the papersWith three (3) arbitrators @ $600.00 =$ 1,200.00Claimant submitted one discovery-relatedmotionRespondent submitted one discovery-relatedmotionTotal Discove ry-Re lated Motion Fe es = $1,200.00The Panel has assessed $1,200.00 of the discovery-relatedmotion fees jointly andseverally to R espond ents.

Hearing Session Fees and AssessmentsThe Pane l has assessed hearing sess ion fees for each se ssion conducted. A ses sion isany meeting between the parties and the arbitrators, including a pre-hearing conferencewith the arbitrators, that lasts four (4) hours orless. Fee s associated with theseproceedings are:

Three (3) Pre-hearing sessionswith Pan el @ $1,200.00 = $ 3,600.00Pre-hearing conferences: June 2,2 00 9 1 session

June 8,2010 1 sessionAugust 5, 2010 1 session

Sixteen (16) Hearing sessions @ $1,200.00 = $19,200.00Hearing Dates: November 8, 2010 2 sess ions

November 9, 2010 2 sessionsNovember 10, 2010 1 sessionNovember 16, 2010 2 sess ions

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FINRA Dispute ResolutionArbitration No. 08-04953Award Page 4 of 5

November 17,2010November 18,2010December 8,2010December 10, 2010January 24, 2011January 25, 2011February 18.2011

1 session1 session1 session1 session2 sessions2 sessions1 session

Total Hearing Session Fees = $22,800.00

The Panel has assessed the $22,800.00 hearing session fees jointly and severally toRespondents.

All balances are payable to FINRA Dispute Resolution and are due upon receipt.

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FINRA Dispute ResdutlonArt>ltraKDn No. 08-049S3^ward Page S of S

Alfrad H. tCingonMartin A . EdebteinThomas M. Amadio

ARBTTRATKIN PANEL

Public Arbitrator. Presiding ChairpersonPublic ArbitrabrNon-Public Arbitrator

I. the undersigned Arbitrator, do hereby airinm. pursuant to Article 7507 of the CivilPractice Law and Rules, that I am the individual described heiein and who executed thisinstrument which is my award.

Cowcurrina Arfaitnitors' Stonaturas

AlfredPublic Aitxtrator. Pre Chairperson

Signature

Martin A . EdelstetnPublic Arbitrator

Signature Date

Thomas M. AmadioNon-Public Arisitrator

Signature Dale

March 24, 2011

Date of Seivice (For FINRA Dispute Resolution use only)

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FINRA Disputa ReteiultonArMmiionNo. 0S-040Sa

AlfTKl H. KinQonHartlfiA.Eda(itainThomas 1. Amadto

ABBfTBATiQNPANft

PuWc Arbltritor, Prsilding ChairpersonPublioArMratorNon-PublleArl)ltrator

I. tha undaraignfld ArfaKratDr, do haraby afflrm, pursuant to Article 7507 of the CMiPradba Law and Rules, that I am the Indivldijal dsMrib^ herain and who oxooutod thbinalnimant which is my award.

ConaufHaa AitiHraiora' Slonatur B

Alfrad H. KinQonPubNc ArfoKnMor. Praaldlns Chairperson

A.SdaiiMnPuMie Arbitrator

Signalura Date

SigiMlUfa Data

Thomas AmadioNon-Public ArtRrator

Signature Data

March 24. 2011

Dato of Service (For FINRA Dispute Raaolution use only)

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FINRA OaputaRawlutionArt>mation rto. oa4>49S3

Alfrad H. KingonMartin A EdelsleinThomas M. Amadto

ARBITRATION PANEL

Public Arbitrator, Presiding ChairperaonPublic Ait>itratorNon-Public Art>itrator

I. the undersigned Arblrator, do hereby affirm, pursuant to Artida 7507 of the CivilPracifoa Law and f ulaa, thai I am the indrviduai dsacribed herein and who exacutad thisinstrument which is my awanl.

Concurring Ariritiatora' Sionatufas

Alfrad H. KingonPublic Art)itrator, Presiding Chairperson

Signatore Date

Martin A. EdalatoinPublic Aitftrator

Thomas M. AmadtoNon-Public Arbitrator

Signatore Dato

Signatore Date

March 24, 2011

Date of Service (For FINRA Dispute Resolution use only)