Gary M. Lawrence

I AM A MEMBER OF THE ADJUNCT FACULTY OF SOUTHERN METHODIST UNIVERSITY WHERE I TEACH DUE DILIGENCE IN BUSINESS TRANSACTIONS TO MBA, JD AND LLM CANDIDATES, AND AM THE EXECUTIVE DIRECTOR OF THE CENTER FOR ADVANCED DUE DILIGENCE STUDIES, AN INDEPENDENT ACADEMIC AND RESEARCH ORGANIZATION. THESE POSITIONS INVOLVE PRACTICAL AND SCHOLARLY ISSUES RELATED TO INVESTMENTS BUT DO NOT INCLUDE THE ACTUAL MANAGING OF FUNDS. MY RELATIONSHIP WITH THE UNIVERSITY BEGAN IN APPROXIMATELY 1999 AS AN OCCASIONAL RESEARCHER AND GUEST LECTURER. THE ADDRESS OF SMU IS 6425 BOAZ LANE DALLAS TX 75205. ON AVERAGE, I CURRENTLY DEVOTE APPROXIMATELY HALF OF MY WORKING TIME, INCLUDING TRADING DAY HOURS, TO MY ACADEMIC AND SCHOLARLY ENDEAVORS. I AM ALSO THE FOUNDER, EXECUTIVE CHAIR, AND CHIEF INVESMENT OFFICER OF PACIFIC FINANCAL GROUP WHICH INCLUDES, IN ADDITION TO THE REGISTERED INVESTMENT ADVISOR PACIFIC GLOBAL ADVISORY GROUP LLC, ITS AFFILIATED PRIVATE INVESTMENT FUNDS PACIFIC VENTURE INVESTMENTS LLC AND PACIFIC BROADCASTING COMPANY. THE FUNDS ARE FAMILY OFFICE ENTITIES OWNED BY MEMBERS OF THE GARY M. LAWRENCE FAMILY AND THEIR RELATED ENTITIES, AND THEREFORE ARE NOT OPEN TO CLIENTS OF PACIFIC GLOBAL ADVISORY GROUP AND NO PARTIES OTHER THAN LAWRENCE FAMILY AFFILIATES OWN ANY INTERESTS IN THE FUNDS. THE ADDRESS OF THE FUNDS IS THE NURSES QUARTERS AT OLD PARKLAND, 3949 MAPLE AVENUE, SUITE 450, DALLAS, TX 75219. THE NATURE OF THE FUNDS' BUSINESS IS INVESTING IN MARKETABLE AND NON-MARKETABLE SECURITIES, OPERATING COMPANIES AND OTHER ASSETS AND PROPERTIES. ON AVERAGE, I DEVOTE APPROXIMATELY TEN HOURS PER MONTH TO THE FUNDS, APPROXIMATELY HALF OF WHICH ARE DURING THE TRADING DAY. MY RELATIONSHIP WITH THE FUNDS STARTED IN APPROXIMATELY 2002. MY DUTIES ARE TO INVEST THE FUNDS' ASSETS PRUDENTLY AND TO MANAGE THOSE INVESTMENTS FOR LONG TERM APPRECIATION AND TAX EFFICIENCY. I ALSO SERVE AS THE CO-EXECUTIVE DIRECTOR OF THE LAWRENCE FAMILY CHARITABLE ENDOWMENT, OUR FAMILY'S CHARITABLE GIVING VEHICLE. MY RELATIONSHIP WITH THE ENDOWMENT BEGAN IN 2006 AND CONTINUES. THE TIME I DEVOTE TO THIS ORGANIZATION VARIES SEASONALLY BUT IS TYPICALLY LESS THAN 5 HOURS PER MONTH.