Robert Ulicki | Chairman of the Board

Mr. Ulicki has held numerous positions of influence and responsibility in the financial services industry during the past 25 years. In 1986, Mr. Ulicki started his career at Canadian Bond Rating Service, where he established a comprehensive understanding of credit analysis. He successfully identified numerous companies prior to them experiencing a significant deterioration in credit metrics. From 1992 to 1999, Mr. Ulicki worked at BMO Nesbitt Burns, where he co-managed a leveraged proprietary investment portfolio. His efforts were primarily focused on identifying securities of highly levered or distressed companies that offered the best risk/reward trade-off. He successfully negotiated the final creditor settlement of Canadian Insurance Group Limited. During 2000-2001, Mr. Ulicki left the financial services industry and co-founded FirstMove, an e-commerce company that utilized web-based architecture to distribute investment research on a real-time basis. Since 2004, Mr. Ulicki has been President of Clareste Wealth Management Inc., a portfolio manager. He currently manages a pooled fund, Clareste L.P., as well as private client portfolios. His investment focus is value situations, capital arbitrage and restructurings. He participated in the debt restructuring of Stelco and Saskatchewan Wheat Pool and was a member of Air Canada’s bondholders committee. In addition, he was nominated as a board member of Rural Cellular Corporation to represent the interests of Senior Preferred Shareholders. Mr. Ulicki has a Bachelor of Commerce degree from McGill University and holds a Chartered Financial Analyst designation.

James Grant McCutcheon | Chief Executive Officer

Mr. McCutcheon has over twenty years of experience in corporate/securities law and capital markets having trained and worked as a lawyer, as well as having been a founding partner, director and senior executive of Lawrence & Company Inc. a merchant bank and family of investment management companies active in private equity, venture capital, and regulated investment funds from 1995 to 2009. He has more than 14 years of experience and resultant understanding of all aspects of investment management operations in Ontario, including venture capital, private equity and public markets. This has included serving on numerous public and private company boards, audit and compensation committees, working closely with legal advisors and the regulatory framework for public companies. Mr. McCutcheon has a strong and practical working knowledge of corporate governance and securities regulatory regimes gained through direct participation as a director and in the design of public company governance regimes as well as compliance regimes for regulated investment management companies. Mr. McCutcheon practiced corporate and securities law in Toronto with the predecessor of Fasken Martineau DuMoulin LLP, a major Canadian law firm, from 1989 to 1992 and has also worked in the securities and trust industries. Mr. McCutcheon received his Master of Business Administration from the American Graduate School of International Business (Thunderbird), Phoenix, AZ. Mr. McCutcheon is also a Director of the Toronto Police Services Pro Action Cops & Kids Program.

Henry Eaton

Mr. Eaton has been a principal of NPV Associates, a Toronto based private equity and consulting company since 2001. His experience in corporate matters in the technology sector is extensive, including assisting in the restructuring and subsequent sale of MGI Software Corp. He has acted as an advisor to Canadian based technology funds, taking an active role with investee companies in addressing their challenges and need for reorganization. He has sat on the boards of Momentum Advanced Solutions Inc. (TSX) and My Thum Interactive and served on the audit and compensation committees of both organizations. From 1991 to 2001, Mr. Eaton worked for CTV Inc., a large Canadian Media company, including as a senior officer responsible for all new media related businesses and investments, including managing the relationship with Look Communications. He also worked as an Associate at Gordon & Young, the real estate division of Gordon Capital Corporation, a Canadian based Investment Bank, from 1988 to 1994. He received his Master of Business Administration in 1988 from the University of Western Ontario’s Ivey Business School.