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2015 ANNUAL REPORT Paul Allard, MBA Mr. Allard holds a Masters degree in Business Administration from the University of Alberta and he is the Vice President of Edmonton based Allard Developments. For the last 14 years Mr. Allard has been actively involved in the full cycle execution of residential and commercial real estate development projects within Alberta through Allard Developments and its partners. Mr. Allard currently focuses on the commercial leasing operations for both the private real estate holdings and new development sites that are managed within the portfolio of Allard Developments. Mr. Allard previously sat as a Director of Calgary based Vero Energy Inc. and he is concurrently serving as a Director of the Vancouver based Highbury Foundation. Marc Prefontaine Mr. Prefontaine is a Senior Director with MCAP in the Edmonton Real Estate Finance Group, and a founding member of MCAP's Edmonton office. Mr. Prefontaine has over 13 years of full cycle experience in the Canadian mortgage banking industry and has first hand expertise in originating, underwriting, adjudicating, servicing, asset management and navigating default scenarios. Mr. Prefontaine's production team achieves annual origination volumes of approximately $1B through a banking model that incorporates various debt and equity structures including syndicate pari-passu loans, A/B loans, club deals, and structured finance deals that represent 100% of the capital stack. Ralph Young, MBA Mr. Young holds a Masters degree in Business Administration and is the 20th Chancellor of the University of Alberta. Mr. Young chairs the University of Alberta Senate and serves as a member of its Board of Governors. In addition Mr. Young currently serves on the Board of Directors for Melcor Development Ltd., Melcor REIT, e Edmonton Regional Airport Authority, ZCL Composites Inc. and the Board of Governors for the Citadel eatre. Mr. Young is a member of the Rotary Club of Edmonton and the Association of Professional Engineers of Alberta. In July 2013 Mr. Young retired from the position of Chief Executive Officer with Melcor Developments Ltd. after a 42 year career in the real estate development industry. 10