JOEL L. REED, PRINCIPAL

Biography: Joel L. Reed is a principal of RA Capital Advisors and Titan Investment Partners. Mr. Reed previously was a founding member of Relational Group, an investment management and financial advisory firm, which was a predecessor of RA Capital Group. With many years of operating experience and an extensive background advising public and private company boards of directors on a wide range of corporate issues, Mr. Reed offers knowledgeable counsel to RA Capital Group's clients and partners.

Examples of Mr. Reed's many assignments involving mergers & acquisitions, financings, restructurings & crisis situations and complex shareholder matters, are the merger of Titan Corporation with L-3 Communications, and acting as financial advisor to the post-bankruptcy Enron.

Prior to joining Relational Group in 1994, Mr. Reed served as president and chief executive officer of Wagner & Brown, Ltd., a privately owned group of energy, real estate, manufacturing, agribusiness and investment services businesses based in Midland, Texas. Among his chief accomplishments during his ten-year tenure at Wagner & Brown were the formation of an in-house investment-banking group and numerous investments and acquisitions.

From 1981 to 1984, Mr. Reed was a member of the founding group of Ensource, Inc., a New York Stock Exchange-listed company, where he served as controller and chief financial officer. Prior to 1981, he was a manager with Deloitte, Haskins & Sells.

Mr. Reed has served as a member of the boards of directors for a number of public and private corporations, and currently is a director of Venoco, Inc. He earned both his bachelor's and master's degrees in accounting from Oklahoma State University and is a Certified Public Accountant.



JAMES J. ZEHENTBAUER, PRINCIPAL

Biography: James J. Zehentbauer is a principal of RA Capital Advisors and Titan Investment Partners. Mr. Zehentbauer previously was a founding member of Relational Group, an investment management and financial firm, which included Relational Investors and Relational Advisors, a predecessor company to RA Capital. Mr. Zehentbauer also served as the chief operating officer of Relational Investors. While at RA Capital Advisors and its predecessors, Mr. Zehentbauer has served as a key advisor to Washington Corporation and a number of private and public entities, typically targeting investment opportunities, negotiating acquisitions and heading restructuring/financing activities. Prior to joining the firm, Mr. Zehentbauer was employed by Arthur Andersen & Co., where he worked primarily with publicly held oil and gas companies and specialized in public debt and equity offerings.

Mr. Zehentbauer served on the board of directors of MacFrugal's Bargains Close-Outs Inc. from 1990 to 1998 where he chaired the audit committee. Mr. Zehentbauer has also served as a board member for a number of private corporations.

A 1984 graduate of Ohio State University, Mr. Zehentbauer holds a bachelor's degree in accounting and is a Certified Public Accountant.



KATHLEEN D. SCOTT, PRINCIPAL

Biography: Kathleen D. Scott is a principal of RA Capital Advisors. She joined The Relational Group companies, which were a predecessor to RA Capital Group, in 1994 as a senior associate. Ms. Scott was a managing director of Relational Advisors prior to becoming a principal of RA Capital Group. She has assumed broad responsibility for mergers, acquisitions, divestitures, financings and restructurings on behalf of a large number of clients. She also has supervised work on a number of contests for corporate control.

Ms. Scott's work has focused on a number of industries, among them packaging/logistics, aerospace and defense, technology, retail, software, energy, healthcare, and biotechnology.

Before joining Relational Advisors, Ms. Scott was a senior auditor in Arthur Andersen LLP's San Diego office.

Ms. Scott graduated magna cum laude from the University of California, Los Angeles where she earned a bachelor's degree in economics and business and was named to membership in Phi Beta Kappa. She is a Certified Public Accountant, a CFA charter holder, and a FINRA-registered securities representative.