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UVIMCO Board

JOHN G. MACFARLANE,III UVIMCO Board Chairman

Chairman of Zafferano Capital LP. Mr. Macfarlane is chairman of Zafferano Capital LP, an investment firm he co-founded in 2011. Previously, he was Vice Chairman of Tudor Investment Corporation. Prior to joining Tudor in 1998, Mr. Macfarlane worked at Salomon Brothers for eighteen years where he served as Treasurer from 1989 to 1996 and as Managing Director of several of the Firm's Fixed Income Trading Businesses. Mr. Macfarlane has also served as Chairman of the Public Securities Association Funding Committee and on the Board of Directors of the Government Securities Clearing Corporation (GSCC) where he served as Chairman from 1994 to 1996.

Mr. Macfarlane earned a B.A. in Classical Studies in 1976 from Hampden-Sydney College where he was a Baker Scholar and a M.B.A. from The Darden School at the University of Virginia in 1979. In 1989, Mr. Macfarlane received Darden's Rosenthal Fellowship for innovation in the field of Finance.

Mr. Macfarlane served as Chairman of the Board of Trustees for Brunswick School in Greenwich, Connecticut, from 2001 to 2006 and is Chairman of the University of Virginia's Darden School Foundation. He lives in Connecticut with his wife and three sons.

JERRY B. BIAS

Partner of Cyrus Capital Partners, Head of Trading. He was head trader and Partner at OZF Capital, the predecessor company in New York. Mr. Bias has over fifteen years of high yield/distressed debt trading experience. Prior to joining OZF Capital, Mr. Bias was a Managing Director in the High Yield Trading department of JPMorgan Chase. In his fifteen plus years on Wall Street, Mr. Bias has worked for such firms as Merrill Lynch and Bank of America. He has experience trading in virtually every high yield/distressed sector in a leveraged debt trading capacity.

Mr. Bias is the Chairman of the Compensation Committee for UVIMCO. Mr. Bias is a former member of the Board of Managers for the Alumni Association of the University of Virginia. He is also a former member of the Board of Trustees of the McDonogh School, he is a former member of the Board of Directors for the Jefferson Scholars Foundation, Co-Founder of the Wall Street Friends Donor Fund and is a Life Time Member of the Children’s Aid Society Mentor Circle. He graduated from the University of Virginia with a B.A. in International Affairs.

HARRY BURN, III

Co-Founder and Chairman of Sound Shore Management, Inc., a registered investment advisory firm in Greenwich, Connecticut. Mr. Burn received a Master's Degree from the Darden Graduate School of Business Administration at the University of Virginia in 1975, and a Bachelor of Arts in Economics in 1966 from the College. He is a CFA charterholder. Mr. Burn is the Chairman and a director of the Sound Shore Fund.  Mr. Burn is a member of the Board of Managers of the University of Virginia Alumni Association and the Jefferson Scholars Foundation. He serves on the Graduate Fellows Advisory Board and on the Selection Committee for the Jefferson Graduate Fellowship Program and the Executive Committee for the New York Harbor School.

PETER F. DOLAN

Managing Director of Private Equity, Harvard Management Company, Inc. Prior to joining Harvard Management Company, Mr. Dolan worked at Cambridge Associates and Liberty Mutual Insurance Company. He received a Masters in Business Administration from the Darden School at the University of Virginia, and a Bachelor of Arts in Economics from Harvard University. Harvard Management Company is a wholly owned subsidiary of Harvard University, founded in 1974 to manage the University's endowment, pension funds and trusts. As of the end of fiscal year 2007, the endowment was valued at approximately $34.9 billion. Mr. Dolan is married with three children and lives in Medfield, Massachusetts.

MARK J. KINGTON

Co-founder and Managing Director of X-10 Capital, LLC. Mr. Kington is the Vice Rector of the University of Virginia and a member of its Board of Visitors. He is co-founder and Managing Director of X-10 Capital, LLC, an investment management firm in Alexandria, VA. In addition, he is a co-founder of Columbia Capital, LLC, which began in 1989 as a pioneering venture capital firm that focused on the then-emerging wireless communications industry.

Mr. Kington currently serves on the boards of Dominion Resources, Inc., the University of Virginia Alumni Association, the University of Virginia Capital Campaign Executive Committee, and the Inova Health System Pension and Investment Committee. He also serves as special advisor to the Investment Committee of the National Gallery of Art.

ANTON J. LEVY

Managing Director at General Atlantic. Mr. Levy is a Managing Director at General Atlantic, a global growth equity firm, where he has worked since 1998. Mr. Levy works in General Atlantic's New York City office where he heads General Atlantic's Global Internet and Technology practice and serves on the firm's Executive Committee. Mr. Levy has worked closely with many of General Atlantic's portfolio companies and is a director of several portfolio companies including Affinion Group, AKQA, Gilt Groupe, Mercado Libre (NASDAQ: MELI), Network Solutions and Red Ventures and manages a number of the firm's other investments in the internet, marketing services and media areas. He formerly served on the boards of Dice Holdings (NYSE : DHX) and Zantaz Corporation.

Prior to joining General Atlantic, Mr. Levy was an investment banker with Morgan Stanley & Co. where he worked with the firm's technology clients.

Mr. Levy is involved in a number of educational and non-profit organizations including serving on the board of directors of WNYC (New York Public Radio), and Streetwise Partners, where he serves as Vice Chairman. Mr. Levy received a B.S. from the University of Virginia, with degrees in Finance and Computer Science, and his M.B.A. from Columbia University Graduate School of Business, graduating both with highest honors.

W. AUSTIN LIGON

Co-founder and retired chief executive officer of CarMax, Inc. He retired in June 2006. Mr. Ligon initially served as senior vice president, automotive for Circuit City and became president of CarMax in 1995. He led the company through its IPO as a tracking stock of Circuit City in 1997 and became chief executive officer upon the spin-off of CarMax from Circuit City in 2002. He also served as senior vice president of corporate planning for Circuit City from 1991 to 1995. Mr. Ligon came to Circuit City from Marriott Corporation where he had been senior vice president of strategic planning for Marriott Hotels and Resorts. He was previously a senior consultant for the Boston Consulting Group in London, England, from 1980 to 1983 and an independent financial consultant to several international companies in Bangkok, Thailand, from 1983 to 1984. Before attending Yale School of Management, he worked as a health economist in Dallas and San Antonio from 1976 to 1978, and was a Teaching Fellow in economics at the University of Texas, Austin from 1973 to 1976.

He has been a board member of the Center for Talented Youth (CTY) at Johns Hopkins University for the last seven years, as well as serving the Maggie L. Walker Governor’s School Renovation Foundation. He is also a board member of the Yale School of Management Advisory Board, the University of Virginia Board of Visitors, St. John’s College (Annapolis and Santa Fe) Board of Governors, and the Virginia Commonwealth University Business School Foundation.

Mr. Ligon earned a B.A. in 1973 with special honors (Economics and Government) in the Plan II Honors program at the University of Texas at Austin, where he was elected to Phi Beta Kappa. He also studied as an exchange student at the Pontifical Catholic University in Lima, Peru in 1972-73. He subsequently earned his M.A. in Economics in 1978 from the University of Texas, and an M.B.A. in 1980 from the Yale School of Management. He is married to Samornmitr Lamsam, a native of Thailand; they have three children.

DAVID B. MACFARLANE

Managing Director of Drake Capital Advisors LLC. Mr. Macfarlane founded Drake Capital Advisors, LLC in 2001 to manage portfolios of hedge funds for a group of endowment, foundation, pension, and family office clients. From 1993-2001, Mr. MacFarlane was President and Managing Director of Kemnay Services USA Inc. In this capacity, he managed a large global portfolio of hedge funds for a European family office. He has served on the boards of a variety of offshore funds including those managed by Tiger Management, Marshall Wace Asset Management, Oechsle Partners, and Adelphi Capital. Mr. MacFarlane is currently a member of the Board of Trustees and Investment Committee of The Westminster Schools, Brunswick School and the Boys & Girls Club of Greenwich. He graduated with a B.S. in Commerce from the University of Virginia in 1984 and received his MBA with distinction from Harvard Business School in 1988. Mr. Macfarlane received his Chartered Financial Analyst designation in 1990. He is married with three children and lives in Greenwich, CT.

RICHARD MAYO

Chairman of Mayo Capital Partners. After receiving his undergraduate degree from the University of Virginia, Mr. Mayo began his investment career with the First Union National Bank in Charlotte, N.C. He received his M.B.A. from the Darden Graduate School of Management at the University of Virginia. After graduation, he was a security analyst for the Keystone Custodian Growth Fund. In 1969 he helped found Batterymarch Financial Management, where he served as a portfolio manager. In 1977, Mr. Mayo was a Founding Partner of the investment firm Grantham, Mayo, Van Otterloo & Co. LLC (GMO), and he was with GMO until he founded Mayo Capital Partners in January of 2002. Mr. Mayo serves on the Board of the Children’s Hospital Trust in Boston and is also a member of its investment committee. He is also a member of the investment committee of the MacArthur Foundation.

NINA F. SCHERAGO

Deputy Chief Investment Officer at The Investment Fund for Foundations (TIFF). Ms. Scherago is involved in all aspects of TIFFs alternative investments practice, with a focus on absolute return-oriented investing. Prior to joining TIFF in 1998, Ms. Scherago was employed by Howard Hughes Medical Institute (HHMI), where she was managing director of private investments and oversaw a private investment portfolio of approximately $1.2 billion. Prior to her decade of service to HHMI, Ms. Scherago was employed by the investment banking firms Alex, Brown & Sons and Lehman Brothers Kuhn Loeb.

She holds a MBA from the Darden School at the University of Virginia and a BA from Smith College. She is a Chartered Financial Analyst. Ms. Scherago serves on the investment committee of Smith College and on the finance committee of the Children's Inn at the National Institute for Health (MD).

MICHAEL STRINE

Executive Vice President and Chief Operating Officer of the University of Virginia. Dr. Strine was appointed Executive Vice President and Chief Operating Officer at the University of Virginia in May, 2011 and commenced service in July, 2011.

Dr. Strine previously served as Vice President for Finance, Chief Financial Officer and Treasurer of the Johns Hopkins University working with the university’s central administration and with the deans and directors of Johns Hopkins divisions to manage the university’s financial resources in support of its mission. Before his role at Johns Hopkins, Dr. Strine had nearly a decade of experience in senior finance roles in government in Delaware, as chief financial officer of New Castle County and as chief of policy and operations in the state's Department of Finance. Dr. Strine is a graduate of the University of Delaware and earned a doctorate in political science from Johns Hopkins, where he studied public law, organization theory and public policy. Before leaving academia for government service, Dr. Strine served as an assistant professor at the University of Denver and the University of Colorado at Boulder, where he was published in leading journals and was a finalist for university-wide teaching awards.

OWEN D. THOMAS

Formerly Managing Director of Morgan Stanley, CEO of Morgan Stanley Asia, Chairman and CEO of Morgan Stanley Real Estate Investing, Chairman of Mitsubishi UFJ Morgan Stanley Securities and a member of the Morgan Stanley Management Committee. Mr. Thomas joined Morgan Stanley in 1987 in the real estate group within the Investment Banking Division and has over 20 years of investment industry experience. Mr. Thomas began managing the Firm’s real estate investing business in 1994, was named Managing Director in 1995, head of Morgan Stanley Real Estate (investing and banking) in 2000, President of Morgan Stanley Investment Management in 2005, CEO or Morgan Stanley Asia in 2008, reinstated as Chairman & CEO of Morgan Stanley Real Estate Investing in 2009 and appointed Chairman of Mitsubishi UFJ Morgan Stanley Securities in 2010. He retired from Morgan Stanley in 2011.

Mr. Thomas is a member of The Young Presidents’ Organization Hong Kong Chapter, Trustee of the Urban Land Institute and the former Chairman of the Pension Real Estate Association. He received a B.S. from the University of Virginia and an M.B.A. from Harvard Business School.