Griffin Asset Management, Inc.

Douglas M. Famigletti, CFA

Mr. Famigletti has been in the investment business since 1996 when he started his career with Massachusetts Financial Services (MFS). He then joined Griffin Asset Management LLC where he spent four years as an equity research analyst.

In 2000 Mr. Famigletti joined Goldman Sachs' Institutional Sales Desk and was responsible for providing sales coverage for some of their largest clients. After several years of valuable experience, Mr. Famigletti returned to Griffin Asset Management LLC as a principal, an active analyst and asset manager.

Mr. Famigletti is currently responsible for the management of over $100 million in institutional and private client assets. He is a Chartered Financial Analyst (CFA), a member of the CFA Institute and the New York Society of Security Analysts. Doug earned a B.A. in Economics from Hamilton College.

Thomas A. Famigletti

Over the last thirty five years, Thomas Famigletti has earned a reputation as a respected securities analyst and investment manager. He entered the investment business in the 1960's, starting his career in the Trust Department of First National City Bank (now Citigroup) as an analyst and Investment Officer managing trust assets.

Mr. Famigletti then joined European American Bank in 1972 where he started the investment management division. After ten years of managing institutional and private client assets at EAB, he joined Dreman Value Management to build their investment business. As one of three original partners at Dreman, he helped grow the assets under management from under $50 million to over $4 billion.

Mr. Famigletti partnered with a European banking conglomerate in 1996 to form Griffin Asset Management LLC. As Managing Director, Tom built a substantial and successful management firm.

Mr. Famigletti has a B.A. in Economics from Hofstra University and is a member of the New York Society of Security Analysts, and the Financial Analysts Federation.

Peter W. Hofmann, CFA

Mr. Hofmann joined Griffin Asset Management in 1998 from Chase Manhattan Corporation where he was a Managing Director and senior portfolio manager responsible for investing $875 million for his clients. Mr. Hofmann's prior experience includes work in institutional equity sales at Drexel Burnham Lambert and Oppenheimer & Co., Inc. Mr. Hofmann started his career as an analyst and portfolio manager at Manufacturers Hanover.

Mr. Hofmann is a Chartered Financial Analyst, a member of the New York Society of Security Analysts and the CFA Institute.

Mr. Hofmann earned an M.B.A. in Finance from Columbia University and a B.A. in Economics from Georgetown University.

Diana L. Salter

With 35 years of investment experience, Ms. Salter joined Griffin in 2003 bringing her expertise in asset management of equity and debt portfolios. As a former Vice President and Senior Portfolio Manager in the Personal Asset Management division at JPMorgan Chase for seven years, Ms. Salter was responsible for the creation of a new Senior Portfolio Manager platform. She was recognized with a Corporate Award for her outstanding performance. Prior to joining Chase, Ms. Salter was a Senior Portfolio Manager with The Bank of New York for more than a decade.

Ms. Salter's career has included analytical work and previous experience with an independent investment advisory firm. She was the first woman to become a Registered Commodity Trading Advisor in the U.S.

Ms. Salter is a senior member of the New York Society of Security Analysts, the Market Technicians Association, and the Financial Women's Association of New York. She received her education from the University of California.

John G. Youngman

Mr. Youngman joined Griffin Asset Management in 1994 from Kidder, Peabody & Co. where he spent four years as a Registered Representative with the New York Stock Exchange and was qualified under the Series 3, 7, and 63 exams.

His experience covers a wide range of investment areas including equities, fixed income, futures and options for both individual and institutional clients.

Mr. Youngman was a director of Composite Materials, L.L.C. from 1995 to 2001. He is currently active in Middlebury's New York Alumni Association. He received a B.A. in English from Middlebury College with a concentration in Economics and Investments.

Robert P. Youngman

Mr. Youngman's career spans almost forty years as an investment analyst and money manager responsible for private and institutional portfolios. Mr. Youngman's background includes work as an analyst for Seligman Securities, Inc., the Tri-Continental Group of Mutual Funds, Wm. E. Pollock & Co. and the Philippine-American Life Insurance Company.

After more than ten years with American International Group Inc., where he had responsibility for investment of the company's worldwide pension fund assets and several foreign and domestic corporate portfolios, he established what became Griffin Asset Management, Inc.

Mr. Youngman was Board Chairman and is currently Emeritus Trustee of Middlebury College, Middlebury, VT. He was formerly a member of the Board of Milkhaus Laboratory, Inc., a privately held medical company and The Salzburg Seminar. In the past, he has also served on the boards of several public and private corporations and a number of non-profit institutions. He is a Senior Security Analyst and a member of the New York Society of Security Analysts and the CFA Institute. He is a graduate of Middlebury College with a B.A. in Political Science.

Consultant

Chandler Hovey III

With over thirty years of experience, Mr. Hovey has compiled an outstanding record of accomplishment as an investment advisor managing both debt and equity securities with expertise in dollar and non-dollar denominated portfolios. Before becoming a principal in Griffin (formerly Hovey, Youngman Associates, Inc.), he spent eight years with Chase Investors Management Corp. as Vice President and Senior Portfolio Manager and was a member of the International Investment Committee. For the preceding ten years, he was with the Investment Division of Bankers Trust Co., concluding with five years as Manager of the Investment Department of Bankers Trust AG, Zurich. In addition to his overseas experience, he brings to the firm a sensitivity to the global perspectives and investment objectives of international investment institutions.

Mr. Hovey became a consultant to Griffin Asset Management in 2005. He provides consulting and advisory services with respect to current and prospective clients.

Mr. Hovey is a graduate of the University of Pennsylvania, with a B.A. in Political Science.

Randy Cavaliere joined Griffin Asset Management as a Receptionist/Administrative Assistant in 2007 and is responsible for coordinating the daily office functions of the firm. She graduated from Brooklyn College of the City University of New York with a B.A. in Television and Radio. She was previously employed in an internal medicine practice.

Charles de Percin is a graduate of Marist College with a B.A. in French. He also studied abroad at L'Institut Catholique de Paris, in France. Charles was a registered representative at First Investors Corporation. In 1989 he was employed by Socfin U.S. Inc. as an administrative assistant. Socfin U.S. was acquired by Griffin Asset Management LLC in 2000, which became Griffin Asset Management, Inc. on January 1st, 2006.

Tina M. Morrison graduated from the University of Houston with a B.A. in Business Administration. She joined Griffin Asset Management in 1992 as a Receptionist/Secretary. In 1997 Tina was promoted to portfolio administrator.

Constance Ruland is a graduate of Penn State University where she received a B.S. in Marketing and Economics. Prior to joining Griffin Asset Management in 1990, she was employed as an administrative assistant at I.C. Isaacs & Co., New York.

Christine Stuttig joined Griffin Asset Management in 1985. For seven years she administered investment accounts for U.S. and international clients at Chase Investors Management Corporation. Prior to that she was employed for three years in the Financial Policy and Corporate Planning Departments of Chase Manhattan Bank N.A. She is a graduate of the Herbert H. Lehman College of the City University of New York, with a B.A. degree in Business Education and Economics.