Robert M. Lichten has been a Director since August 2006. Mr. Lichten has been Co-Chairman of Inter-Atlantic Group since 1994, and is a member of the firm’s investment committee. He has been a Director of BOLT Solutions, Inc. (formerly SeaPass Solutions Inc.) since 2006. He also served as Co-Chairman of Guggenheim Securities LLC, formerly Inter-Atlantic Securities Corp., LLC, the former NASD broker-dealer operation of Inter-Atlantic Group, until 2003. Previously, Mr. Lichten was Managing Director at both Smith Barney Inc. and Lehman Brothers Inc., where he concentrated on capital raising and providing M&A advisory services to financial institutions. He was formerly Executive Vice President of The Chase Manhattan Bank, where for 22 years, he was a senior corporate banker with responsibility for worldwide capital planning. Mr. Lichten also served as Chief of Staff of the Asset-Liability Management Committee and President of The Chase Investment Bank. He is a former trustee of Manhattan College, a former Director of Annuity & Life Re (Holdings), LTD., and a former Director and President of the Puerto Rico USA Foundation. Mr. Lichten holds a B.S. from Manhattan College and an M.B.A. from New York University.