UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
CONTANGO OIL & GAS CO.
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(Name of Issuer)
Common Stock, par value $0.04 per share
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(Title of Class of Securities)
21075N204
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(CUSIP Number)
May 3, 2006
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP NO. 21075N204
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only):
WS Capital, L.L.C.
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: Texas
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Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 355,800
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(6) Shared Voting Power: 0
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(7) Sole Dispositive Power: 355,800
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(8) Shared Dispositive Power: 0
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
355,800
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
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(11) Percent of Class Represented by Amount in Row (9): 2.4%*
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(12) Type of Reporting Person: HC/OO
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* Based on 14,749,085 shares issued and outstanding as of February 10, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on December 31, 2005.
CUSIP NO. 21075N204
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only):
WS Capital Management, L.P.
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: Texas
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Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 355,800
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(6) Shared Voting Power: 0
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(7) Sole Dispositive Power: 355,800
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(8) Shared Dispositive Power: 0
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
355,800
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
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(11) Percent of Class Represented by Amount in Row (9): 2.4%*
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(12) Type of Reporting Person: IA/PN
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* Based on 14,749,085 shares issued and outstanding as of February 10, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on December 31, 2005.
CUSIP NO. 21075N204
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only):
WSV Management, L.L.C.
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: Texas
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Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 382,100
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(6) Shared Voting Power: 0
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(7) Sole Dispositive Power: 382,100
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(8) Shared Dispositive Power: 0
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
382,100
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
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(11) Percent of Class Represented by Amount in Row (9): 2.6%*
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(12) Type of Reporting Person: IA/OO
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* Based on 14,749,085 shares issued and outstanding as of February 10, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on December 31, 2005.
CUSIP NO. 21075N204
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only):
WS Ventures Management, L.P.
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: Texas
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Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 382,100
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(6) Shared Voting Power: 0
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(7) Sole Dispositive Power: 382,100
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(8) Shared Dispositive Power: 0
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
382,100
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
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(11) Percent of Class Represented by Amount in Row (9): 2.6%*
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(12) Type of Reporting Person: HC/PN
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* Based on 14,749,085 shares issued and outstanding as of February 10, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on December 31, 2005.
CUSIP NO. 21075N204
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only):
Reid S. Walker
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: United States
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Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 737,900
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(6) Shared Voting Power: 0
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(7) Sole Dispositive Power: 737,900
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(8) Shared Dispositive Power: 0
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
737,900
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
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(11) Percent of Class Represented by Amount in Row (9): 5.0%*
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(12) Type of Reporting Person: HC/IN
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* Based on 14,749,085 shares issued and outstanding as of February 10, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on December 31, 2005.
CUSIP NO. 21075N204
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only):
G. Stacy Smith
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: United States
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Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 737,900
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(6) Shared Voting Power: 0
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(7) Sole Dispositive Power: 737,900
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(8) Shared Dispositive Power: 0
--------------------------------------
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
737,900
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
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(11) Percent of Class Represented by Amount in Row (9): 5.0%*
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(12) Type of Reporting Person: HC/IN
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* Based on 14,749,085 shares issued and outstanding as of February 10, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on December 31, 2005.
CUSIP NO. 21075N204
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only):
Patrick P. Walker
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: United States
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Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 382,100
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(6) Shared Voting Power: 0
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(7) Sole Dispositive Power: 382,100
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(8) Shared Dispositive Power: 0
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
382,100
--------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
--------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9): 2.6%*
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(12) Type of Reporting Person: HC/IN
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* Based on 14,749,085 shares issued and outstanding as of February 10, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on December 31, 2005.
This Schedule 13G relates to the common stock ("Common Stock") of
Contango Oil & Gas Co. acquired by (i) WS Capital, L.L.C., a Texas
limited liability company ("WS Capital"), for the account of (1)
Walker Smith Capital, L.P., a Texas limited partnership ("WSC"), (2)
Walker Smith Capital (Q.P.), L.P., a Texas limited partnership
("WSCQP"), (3) Walker Smith International Fund, Ltd., a British Virgin
Islands exempted company ("WS International"), and (4) HHMI
Investments, L.P., a Delaware limited partnership ("HHMI"), and (ii)
WSV Management, L.L.C., a Texas limited liability company ("WSV"), for
the account of (1) WS Opportunity Fund, L.P., a Texas limited
partnership ("WSO"), (2) WS Opportunity Fund (Q.P.), L.P., a Texas
limited partnership ("WSOQP"), and (3) WS Opportunity Fund
International, Ltd., a Cayman Islands exempted company ("WSO
International"). WS Capital is the general partner of WS Capital
Management, L.P., a Texas limited partnership ("WSC Management"),
which is the general partner of WSC and WSCQP and the investment
manager for WS International and HHMI. WSV is the general partner of
WS Ventures Management, L.P., a Texas limited partnership ("WSVM"),
which is the general partner of WSO and WSOQP and the agent and
attorney-in-fact for WSO International. Reid S. Walker and G. Stacy
Smith are principals of WS Capital and WSV, and Patrick P. Walker is a
principal of WSV. Each of the reporting persons hereby expressly
disclaims membership in a "group" under Section 13(d) of the
Securities Exchange Act of 1934 and the rules and regulations
thereunder with respect to the shares of Common Stock reported herein,
and this Schedule 13G shall not be deemed to be an admission that any
such reporting person is a member of such a group.
Item 1(a). Name Of Issuer: CONTANGO OIL & GAS CO.
Item 1(b). Address of Issuer's Principal Executive Offices:
3700 Buffalo Speedway, Suite 960
Houston, Texas 77098
Item 2(a). Name of Person Filing:
See Item 1 of each cover page.
Item 2(b). Address of Principal Business Office or, if none, Residence:
300 Crescent Court, Suite 1111
Dallas, Texas 75201
Item 2(c). Citizenship: See Item 4 of each cover page.
Item 2(d). Title of Class of Securities:
Common stock, par value $0.04 per share
Item 2(e). CUSIP No.: 21075N204
Item 3. Not Applicable
Item 4. Ownership:
(a) Amount Beneficially Owned:
Reid S. Walker and G. Stacy Smith are the beneficial owners of
737,900 shares of Common Stock, which includes (i) 355,800 shares
beneficially owned by WS Capital and WSC Management for the
accounts of WSC, WSCQP and WS International and HHMI and (ii)
382,100 shares beneficially owned by WSV and WSVM for the
accounts of WSO, WSOQP, WSO International.
Patrick P. Walker is the beneficial owner of 382,100 shares of
Common Stock, reflecting 382,100 shares beneficially owned by WSV
and WSVM for the accounts of WSO, WSOQP and WSO International.
WS Capital and WSC Management are the beneficial owners of
355,800 shares of Common Stock for the accounts of WSC, WSCQP, WS
International and HHMI.
WSV and WSVM are the beneficial owners of 382,100 shares of
Common Stock for the accounts of WSO, WSOQP and WSO
International.
(b) Percent of Class: See Item 11 of each cover page.
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote:
See Item 5 of each cover page.
(ii) shared power to vote or to direct the vote:
See Item 6 of each cover page.
(iii) sole power to dispose or to direct the disposition of:
See Item 7 of each cover page.
(iv) shared power to dispose or to direct the disposition of:
See Item 8 of each cover page.
Item 5. Ownership of Five Percent or Less of a Class: Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person: Not
applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Securities:
WSC Management is an investment adviser registered with the State of
Texas and, as such, has beneficial ownership of the securities held by
its clients, WSC, WSCQP, WS International and HHMI. WS Capital is the
general partner of WSC Management. Reid S. Walker and G. Stacy Smith
are the sole principals of WS Capital, and therefore exercise
investment discretion and control with respect to the shares of Common
Stock beneficially owned by WSC Management's clients.
WSV is an investment adviser registered with the State of Texas and is
the general partner of WSVM and, as such, has beneficial ownership of
the securities held by its clients, WSO, WSOQP and WSO International.
Reid S. Walker, G. Stacy Smith and Patrick P. Walker are the sole
principals of WSV, and therefore exercise investment discretion and
control with respect to the shares of Common Stock beneficially owned
by WSV's clients.
Item 8. Identification and Classification of Members of the Group: Not
applicable.
Item 9. Notice of Dissolution of Group: Not applicable.
Item 10. Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of such securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
May 8, 2006
WS CAPITAL, L.L.C.
By: /s/ Reid S. Walker
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Reid S. Walker, Member
WS CAPITAL MANAGEMENT, L.P.
By: WS Capital, L.L.C., its general partner
By: /s/ Reid S. Walker
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Reid S. Walker, Member
WSV MANAGEMENT, L.L.C.
By: /s/ Reid S. Walker
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Reid S. Walker, Member
WS VENTURES MANAGEMENT, L.P.
By: WSV Management, L.L.C., its general partner
By: /s/ Reid S. Walker
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Reid S. Walker, Member
/s/ Reid S. Walker
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REID S. WALKER
/s/ G. Stacy Smith
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G. STACY SMITH
/s/ Patrick P. Walker
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PATRICK P. WALKER
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities
Exchange Act of 1934, as amended, the persons named below agree to the joint
filing on behalf of each of them a Statement on Schedule 13G (including
amendments thereto) with regard to the common stock of Contango Oil & Gas Co.
and further agree that this Joint Filing Agreement be included as an Exhibit to
such joint filings. In evidence thereof, the undersigned, being duly authorized,
hereby execute this Joint Filing Agreement as of May 8, 2006.
WS CAPITAL, L.L.C.
By: /s/ Reid S. Walker
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Reid S. Walker, Member
WS CAPITAL MANAGEMENT, L.P.
By: WS Capital, L.L.C., its general partner
By: /s/ Reid S. Walker
---------------------------------------------
Reid S. Walker, Member
WSV MANAGEMENT, L.L.C.
By: /s/ Reid S. Walker
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Reid S. Walker, Member
WS VENTURES MANAGEMENT, L.P.
By: WSV Management, L.L.C., its general partner
By: /s/ Reid S. Walker
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Reid S. Walker, Member
/s/ Reid S. Walker
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REID S. WALKER
/s/ G. Stacy Smith
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G. STACY SMITH
/s/ Patrick P. Walker
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PATRICK P. WALKER