Mr. Sowell formed Jim Sowell Construction Co. Inc. in 1972, which is one of the largest subdivision developers in the State of Texas. Mr. Sowell graduated from Texas Tech University in 1970 with a BBA in Finance. He served in the U.S. Army in 1970 - 1971. Mr. Sowell has served on the Board of Directors of several New York Stock Exchange companies, including NL Industries, Todd Shipyards Corporation, Lomas and Nettleton Corporation, and Ketchum Drug Company. He is currently a member of the Advisory Committee for the Byron Nelson Golf Excellence Fund and the Boy Scout Foundation Board of Trustees, as well as having served as the President of the Boy Scouts of America - Circle Ten Council and as Chairman of the Board of Regents for Texas Tech University and Texas Tech University Medical School. Email: jsowell@sowellco.com

KEITH D. MARTIN

Mr. Martin has served as Chief Financial Officer for Sowell & Co. since 1981. Prior to joining Sowell & Co., Mr. Martin was with the accounting firm of Deloitte & Touche for nine years in the Houston and Dallas offices working on numerous manufacturing clients and several publicly-held companies. In addition to his CPA certificate, Mr. Martin has a Bachelor's Degree in Finance and a Master's Degree in Accounting from the University of Texas at Austin. Email: kmartin@sowellco.com

STEVEN E. SMATHERS

Mr. Smathers serves as chief legal counsel for Sowell & Co. He worked as a corporate shareholder in the financial institutions group of the law firm of Johnson & Gibbs prior to joining Sowell & Co. in 1991. Mr. Smathers received his undergraduate degree in 1972 and his law degree in 1976, both from Ohio State University. Email: ssmathers@sowellco.com

ALAN D. BROWN

Mr. Brown's background is centered in finance and corporate acquisitions of which he has combined experience of over 35 years. Mr. Brown serves as Chairman of several of Sowell & Co's major investments. Mr. Brown received his undergraduate degree from Texas Tech University and an MBA from The Darden School at the University of Virginia. Prior to joining Sowell & Co. in 1987, Mr. Brown served in various lending capacities at First National Bank of Dallas (Interfirst) including Executive Vice President of the U.S. Corporate Division reporting to the Chairman of the Board. Email: abrown@sowellco.com

STEPHEN L. BROWN

After an eight-year career in sales and marketing with the IBM Corporation, Mr. Brown entered the real estate brokerage business in Dallas-Fort Worth in 1982. As President of Jim Sowell Construction Co., Inc. since 1992, Mr. Brown's primary responsibilities are acquisition, development, sales and marketing of the company's various real estate assets. Mr. Brown is a 1971 graduate of the University of South Carolina. Email: sbrown@sowellco.com

KATHY FOX POWELL

Ms. Powell has been involved in the real estate development industry for 29 years, the last 27 of which have been with Sowell and Co. Ms. Powell holds an undergraduate liberal arts degree from the University of Georgia and a J.D. from Southern Methodist University School of Law. She currently serves as a Vice President and Legal Counsel for Sowell & Co. Ms. Powell is in charge of all legal matters for Sowell & Co. real estate and oil & gas, and property taxation. Email: kpowell@sowellco.com

JAMES S. CORNELIUS

Mr. Cornelius began his real estate career in 1979, in the commercial brokerage business, specializing in urban land and improved property brokerage. Mr. Cornelius joined Sowell and Co. in 1984. His areas of focus include land assemblages, zoning cases and lot development in the Houston and Dallas-Fort Worth area, as well as other major markets in Texas and Colorado. Mr. Cornelius has developed over 5,000 lots in these markets. Mr. Cornelius is a 1979 graduate of Southern Methodist University. Email: jcornelius@sowellco.com

DAVID L. CLARK

Mr. Clark's background is in corporate finance and acquisitions. He co-founded Northstar Partners, a professional services firm focused on serving private equity investment companies. In addition, Mr. Clark was with the consulting firm McKinsey & Company for three years. Prior to joining McKinsey & Company, he was with a Dallas-based LBO firm. Mr. Clark has a Bachelor of Arts and Bachelor of Business Administration degree from the University of Texas at Austin and has a Master's Degree in Management from the J.L. Kellogg School of Management at Northwestern University. Mr. Clark joined Sowell & Co. in 1999. Mr. Clark serves as Board Chairman for several of Sowell & Co.'s corporate investments. Email: dclark@sowellco.com

WILL SCHRAMME

Mr. Schramme has over 9 years experience in private equity and corporate finance. His primary responsibilities at Sowell & Co. include sourcing, evaluating, structuring and managing private equity investments. Prior to joining Sowell & Co., he worked as an Associate at Spectrum Equity Investors. Before joining Spectrum Equity Investors, Mr. Schramme worked as an Associate and Financial Analyst in UBS's investment banking division. Mr. Schramme earned a Bachelor of Science degree from Clemson University and has a Master of Business Administration degree from the McCombs School of Business at the University of Texas at Austin. Mr. Schramme joined Sowell & Co. in 2008. Email: wschramme@sowellco.com

THOMAS L. HARRISON

Mr. Harrison has been actively involved in management buyouts, industry consolidations, recapitalizations, divestitures and other private equity opportunities since 1984. From 1996 through 2004, Mr. Harrison was a managing principal of Hoak Communications Partners, (“HCP”), a $175 million fund of media and communications investments. Before HCP he was an active participant in numerous leveraged buyout transactions as a principal of Hicks & Haas (or Haas, Wheat & Harrison), both Dallas-based private investment firms engaged exclusively in the leveraged buyout business. During this period, the respective firms originated over $3.0 billion of acquisitions, including A&W Brands, Inc., the Dr Pepper/Seven-Up Companies, Thermadyne Industries, Sybron International Corporation and Specialty Foods Corporation. Mr. Harrison received degrees in accounting and management from the University of North Texas in 1973 and 1974. Email: tharrison@sowellco.com

THOMAS J. MARQUEZ JR.

Mr. Marquez is President and CEO of Sinapi Capital LLC which is Sowell & Co.'s in- house hedge fund. Prior to that, Mr. Marquez was with Perot Investments/Parkcentral Capital Management from 1990 to 2006. He was a partner in both organizations acting as the Public Equity Portfolio Manager for Perot Investments and the Director of Research for Parkcentral Capital, a $2+BB relative value hedge fund. Prior to joining Perot, Mr. Marquez was a partner at Smith Breeden Associates, a mortgage-backed securities investment advisory firm. Mr. Marquez has a Bachelor of Science in Engineering Degree in Electrical Engineering from Duke University graduating summa cum laude, a Master of Science degree in Computer Engineering from Stanford University and a Master of Business Administration degree from Duke University. Email: tmarquez@sowellco.com

SCOTT TRACY

Mr. Tracy serves as Vice President – Taxation, responsible for tax planning and compliance, entity structuring and transaction planning. Prior to joining Sowell & Co., Mr. Tracy spent 14 years with the Perot family, including nine years as the Director of Tax for Hillwood Development. Prior to that, Mr. Tracy worked for six years in public accounting, specializing primarily in real estate and personal financial planning for Ernst & Young in Dallas, and Arthur Andersen in Albuquerque. Mr. Tracy graduated from the University of Notre Dame in 1986 with a BBA in Accounting, and in 1987 received an MBA from Notre Dame with an emphasis in Taxation. Email: stracy@sowellco.com

BRIAN ATKINSON

Mr. Atkinson serves as the V.P. of Accounting for Sowell & Co. Prior to joining Sowell & Co, Mr. Atkinson was with the Bass Family in Fort Worth for over ten years, including four years with the Robert Bass investment platform Oak Hill. In addition, Mr. Atkinson served as a Senior Manager with the "Big Four" accounting firm of KPMG for seven years in the Dallas and Fort Worth offices. Mr. Atkinson is a graduate of Abilene Christian University with a Bachelor's Degree in Accounting and is a CPA. Email: batkinson@sowellco.com