[PK6P6S&. J ORDER ST A YING DISCOVERY AND VACA TING ALL PRE-TRIAL DEADLINES. Case 3:16-cv PK Document 616 Filed 06/01/18 Page 1 of 6

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Case 3:16-cv-00438-PK Document 616 Filed 06/01/18 Page 1 of 6 JINA CHOI (NY Bar No. 2699718) ERIN E. SCHNEIDER (Cal. Bar No. 216114) SHEILA E. O'CALLAGHAN (Cal. Bar No. 131032) ocallaghans@sec.gov ANDREW J. HEFTY (Cal. Bar No. 220450) heftya@sec.gov BERNARD B. SMYTH (Cal. Bar No. 217741) smythb@sec.gov Attorneys for Plaintiff SECURITIES AND EXCHANGE COMMISSION 44 Montgomery Street, Suite 2800 San Francisco, California 94104 Telephone: ( 415) 705-2500 Facsimile: (415) 705-2501 UNITED STATES DISTRICT COURT DISTRICT OF OREGON PORTLAND DIVISION SECURJTIES AND EXCHANGE COlvIMISSION, vs. Plaintiff, AEQUITAS lv!al'!agement, LLC; AEQUITAS HOLDINGS, LLC; AEQUITAS COMMERCIAL FINANCE, LLC; AEQUITAS CAPITAL MANAGEMENT, INC.; AEQUITAS INVESTMENT MANAGEMENT, LLC; ROBERT J. JESENIK; BRIAl'! A. OLIVER; and N. SCOTT GILLIS, Case No. 3:16-CV-00438-PK m!rp Cf Cl Cl2Jb] ORDER ST A YING DISCOVERY AND VACATING ALL PRE-TRIAL DEADLINES Defendants. [PK6P6S&. J ORDER ST A YING DISCOVERY AND VACA TING ALL PRE-TRIAL DEADLINES

Case 3:16-cv-00438-PK Document 616 Filed 06/01/18 Page 2 of 6 Christopher W. Peterman (OSB #034212) Email: chris@chrispetermanlaw.com Mahler Law Group PLLC 5305 River Road N01ih, Suite B Keizer, OR 97303 Telephone: 541-229-0202 Peter H. White (admitted pro hac vice) Email: peter.white@srz.com Jeffrey F. Robertson (admitted pro hac vice) Email: jeffrey.robertson@srz.com Schulte Roth & Zabel LLP 1152 15th Street NW, Suite 850 Washington, DC 20005 Telephone: 202-729-7470 Attorneys for Defendant Robert J. Jesenik Michael B. Merchant (OSB #882680) Email: mbm@bhlaw.com Black Helterline LLP 805 SW Broadway, Suite 1900 Portland, OR 97205 Telephone: 503-224-5560 ADDITIONAL COUNSEL OF RECORD Jahan P. Raissi (admitted pro hac vice) Email: jraissi@sflaw.com Larisa A. Meisenheimer (admitted pro hac vice) Email: lmeisenheimer@sflaw.com Shartsis Friese LLP One Maritime Plaza, 18th Floor San Francisco, CA 94111-3598 Telephone: 415-421-6500 Attorneys for Defendant Brian A. Oliver B. Scott Whipple (OSB #983750) Email: scott@whipplelawoffice.com Whipple Law Office, LLC 1675 SW Marlow Avenue, Suite 201 Portland, OR 97225 Telephone: 503-222-6004 l ['f'~!"<!'lsisl!j]j()rder STA YING DISCOVERY AND VACATING ALL PRE-TRIAL DEADLINES

Case 3:16-cv-00438-PK Document 616 Filed 06/01/18 Page 3 of 6 William Douglas Sprague (admitted pro hac vice) Email: dsprague@cov.com Ashley M. Simonsen (admitted pro hac vice) Email: asimonsen@cov.com Covington & Burling LLP One Front Street San Francisco, CA 94111-5356 Telephone: 415-591-6000 Facsimile: 415-591-6091 Attorneys for Defendant N. Scott Gillis Troy D. Greenfield (OSB #892534) Email: tgreenfield@schwabe.com Alex I. Poust (OSB #925155) Email: apoust@schwabe.com Lawrence R. Ream (admitted pro hac vice) Email: lream@schwabe.com Schwabe 'Williamson & Wyatt PC 1211 SW 5th Ave., Suite 1900 Portland, OR 97204 Telephone: 503-222-9981 Ivan B. Knauer (admitted pro hac vice) Email: iknauer@swlaw.com Snell & Wilmer LLP I JOI Pennsylvania Ave., N.W. Suite 300 Washington, DC 20004 Telephone: 202-802-9770 Facsimile: 202-688-220 I Brian M. Nichilo (admitted pro hac vice) Email: nichilob@pepperlaw.com Pepper Hamilton LLP 600 14th Street, NW, Suite 500 Washington, DC 20005 Telephone: 202-220-1665 Attorneys for the Receiver for Defendants Aequitas Managemei1t, LLC, Aequitas Holdings, LLC, Aequitas Commercial Finance, LLC, Aequitas Capital Management, Inc., and Aequitas Investment Management, LLC 2 [f'r'e'l"l'lse&j ORDER STA YING DISCOVERY AND VA CA TING ALL PRE-TRIAL DEADLINES

Case 3:16-cv-00438-PK Document 616 Filed 06/01/18 Page 4 of 6 This matter came before the Court on a Joint Stipulation to Stay Discove1y and to Vacate All Pre-Trial Deadlines filed by Plaintiff Securities and Exchange Commission, individual Defendants Robert J. Jesenik, Brian A. Oliver, and N. Scott Gillis, and Receivership Defendants Aequitas Management, LLC, Aequitas Holdings, LLC, Aequitas Commercial Finance, LLC, Aequitas Capital Management, Inc., and Aequitas Investment Management, LLC. Having fully considered the Joint Stipulation, and for good cause shown, THE COURT ORDERS THAT, pending further order of this Court, discovery is stayed and all deadlines set fo1ih in the Comi's January 30, 2018 Order (ECF No. 581) are vacated. f<>rmv.i v-011!1'.511rrtu tufofl'f' The parties shall file a 10int-Gaw-Nianag{lHloot5tatement within 90 days after entry of this Order apprising the Court as to whether the stay of discovery should remain in effect. The paiiies shall (o,,,,, t 1il JN/ Sf/171<5 11.C:f'Df/SS thereafter file updated joinh:c-ase~ianagementstatements every 90 days that continue to apprise the Couii as to whether the stay of discovery should remain in effect. IT IS SO ORDERED. 3 [PROPOSED] ORDER STA YING DISCOVERY AND VACATING ALL PRE-TRIAL DEADLINES

Case 3:16-cv-00438-PK Document 616 Filed 06/01/18 Page 5 of 6 SUBMITTED BY: SECURITIES AND EXCHANGE COlvHvilSSION By: Isl Andrew J. He[ty ANDREW J. HEFTY Attorneys for Plaintiff Securities and Exchange Commission SCHULTE ROTH & ZABEL LLP By: Isl Jeffrey F. Robertson JEFFREY F. ROBERTSON (Pro Hae Vice) Attorneys for Defendant Robett J. Jesenik SHARTSIS FRIESE LLP By: Isl Jahan P. Raissi JAHAN P. RAISSI (Pro Hae Vice) Attorneys for Defendant Brian A. Oliver COVINGTON & BURLING LLP By: Isl W. Douglas Sprague W. DOUGLAS SPRAGUE (Pro Hae Vice) Attorneys for Defendant N. Scott Gillis SNELL & WILMER LLP By: Isl Ivan B. Knauer IVAN B. KNAUER (Pro Hae Vice) Attorneys for the Receiver for Defendants Aequitas Management, LLC, Aequitas Holdings, LLC, Aequitas Commercial Finance, LLC, Aequitas Capital Management, Inc., and Aequitas Investment Management, LLC 4 -i'l"ft''5l"63 JQ:] ORDER STAYING DISCOVERY AND VACATING ALL PRE-TRIAL DEADLINES

Case 3:16-cv-00438-PK Document 616 Filed 06/01/18 Page 6 of 6 LR 11-1(D)(2) CERTIFICATION I attest that all other signatories listed, on whose behalf this filing is submitted, concur in the tiling's content and have authorized this filing. Isl Andrew J. Hefty ANDREW J. HEFTY 5 """[i RGPGSb!ifi ORDER STA YING DISCOVERY AND VACA TING ALL PRE-TRIAL DEADLINES