(Biography of David C.M. Lucterhand) For the past thirty - seven years, Mr. Lucterhand has worked in the financial industry in North America, Latin America, Europe, Russia, Central Asia and most recently, Ukraine & Moldova. In 1976, he formed The Lucterhand Group transacting grain and securities arbitrage as a member of both the Chicago Board of Trade and the Chicago Board Options Exchange. In 1984, Mr. Lucterhand formed a subsidiary specializing in commodity finance working with the European Community (EC) to develop price floors and revenue streams for the Common Agricultural Policy (CAP). In 1985, he succeeded in the passage of an amendment to the U.S. Food Security Act of 1986 establishing a pilot alternative price support system for U.S. Agriculture projected to save $8 to 11 billion in subsidies. In 1986-87, he worked with the Congress and the USDA to develop asset backed securities for privatization of U.S. grain stores and the sale of USDA assets. In 1988, he formed LL Chandos & Co., a merchant banking and investment advisory subsidiary of Lucterhand Group, Inc., that became a member firm of the NASD in 1990. The firm specialized in corporate finance, real estate investment, and private placement activities that evolved into institutional money management. Since 1993, Mr. Lucterhand has been an advisor on country risk and asset allocation to companies and fund managers. Besides serving on several advisory boards, Mr. Lucterhand has been the Project Director of Russian Corporate Finance and Collective Investments - a project funded by USAID in 1995 and completed in 1996. While in Russia, he also completed implementation of The Pragma Corporation’s (Pragma) Regional Mutual Funds Support Project funded by USAID and became, in April 1998, Director General of Pragma Advisors, the investment banking arm of The Pragma Corporation in the Russian Federation. Beginning in 1999, Mr. Lucterhand relocated to Kazakhstan and became Chief of Party of Pragma’s Securities Market Development Project funded by USAID/Central Asia Republics. He later became Chief of Party of Pragma’s Financial Sector Initiative, successfully developing the fixed-income market; the primary and secondary mortgage market, government securities market, privatizing the state pension system, development of the life insurance industry, as well as establishing a credit bureau in the Republic of Kazakhstan. In January 2005, Mr. Lucterhand relocated to Ukraine where he assumed the duties of Chief of Party, Access to Credit Initiative – a multi-faceted project funded by USAID in Ukraine and Moldova implemented by Pragma that included development of public finance, the primary and secondary mortgage market, financial leasing, a credit bureau, and the domestic government securities market. In early 2009, Mr. Lucterhand completed his assignment in Ukraine and relocated to Miami, Florida. He now serves as senior counselor to the Pragma Corporation for Financial Sector Development and Policy. In July 2010, he joined MarketGrader .com (MG,) a provider of independent stock research on exchange listed companies in North America, as Senior Advisor for monetization of MG’s proprietary indices and to develop MarketGraderCapital, LLC as the investment advisor to the Barron’s 400 Index fund. Mr. Lucterhand received his A.B. from Purdue University in 1968. In 1970 – 71, he attended the Russia-East European Institute at Indiana University working towards his Masters degree in Soviet Military Education. In 1978, he attended the National Security Forum, Air War College, Air University, USAF. He is a Trustee of the Foreign Policy Research Institute in Philadelphia, Special Advisor to the Institute of USA and Canada Studies, Russian Academy of Sciences. He was a member of the Chicago Council on Foreign Relations for over twenty years before relocating to Russia and is a former director of the Renaissance Society at the University of Chicago. In 1999 - 2003, Mr. Lucterhand appeared on the “Khabar Week in Review”- a weekly review of news and business in English for state television sponsored by the Government of Kazakhstan and the Foreign Investors Council as an anchor. It was the first and only English programming of its kind throughout the former Soviet Union. He is also a French speaker, an active pilot in both aerobatic and instrument flight, and collector of modern art.