Kendrick D. White (48), has extensive venture capital fund management experience as well as corporate finance consulting and direct executive management experience, accumulated during his 19 years of full time work in Russia. In 2005, Mr. White founded Marchmont Capital Partners, LLC, an investment advisory firm focused on VC and PE finance raising in various innovation sectors. This US registered enterprise is based in Nizhny Novgorod and has developed a wide network of consulting partnerships in key cities across the RF. In 2007, Mr. White created the Marchmont Media division which published the Marchmont Investment Guide to Russia journal and currently operates the www.Marchmontnews.com website which covers regional investment news for finance professionals. Since 2008, Marchmont has been responsible for organizing the “Business Leaders Investment Forum”, a monthly event held in key regional capital cities across the RF. This event brings together scientific innovators, business owners, investors and political leaders – together with a wide range of expert speakers from Moscow and abroad - with the aim of promoting regional manufacturing investments into modernization. Marchmont’s General Partner for the 2010 program “Innovation for Business” is the Russian Venture Company, (RVC), and Official Sponsors include; RUSNANO, UBS Bank, the US Russia Center for Entrepreneurship, Hellevig, Klein & Usov, LLC, and others. Mr. White is an expert in the field of early stage innovation project commercialization and was appointed in 2006 as one of the five private sector members of the US Russia Innovation Council on High Technologies, (ICHT), a Presidential Commission focused on developing policy proposals for the Russian government aimed at promoting Russia’s innovation economy and improving commercial business ties between the US and Russia technology sectors. Mr. White is also a member of the Independent Directors Association, (IDA), and Marchmont also holds membership in the US Russia Business Council (USRBC), the Russo British Chamber of Commerce, (RBCC) as well as many other regional Trade Associations. From 1998 to 2005, Mr. White was Director of the Quadriga Central Russia Regional Venture Fund (CR RVF), a USD $50.0 million private equity fund financed by the EBRD and the German KfW. He oversaw the implementation of numerous successful investment projects during this time, including Nizhpharm, now part of the STADA Group, Bridgetown Foods, a top FMCG snack food producer, and Multiflex, the leading flexible packaging producer in Russia. Other co-investments made by the CR RVF included; ROC, ERA Trading, Speech Technology, Pekar and Morion electronics. Between 1995 and 1998, Mr. White worked in the Corporate Finance Division of Price Waterhouse Coopers, where he was specifically seconded as a Senior Advisor to the Russian Privatization Center (RPC) and its Volga Vyatsky branch division in Nizhny Novgorod. Mr. White was responsible for training 22 Russian consultants in three provincial regions of Central Russia on the development of a self sustainable investment advisory center for SME businesses seeking market expansion and growth capital. Between 1992 and 1995, Mr. White worked as an advisor to the Nizhny Novgorod Oblast Administration and the “EPI center” think tank, where he focused his efforts on developing post privatization SME development programs, and establishing one of Russia’s first training centers dedicated to emerging entrepreneurs. This work resulting in numerous new company formations and helped to establish the region as a leader in Russia’s reform process and conversion from a command to a market driven economy. Prior to arriving in Russia, Mr. White worked from 1985 to 1992 at ABN/Amro - LaSalle Bank, in Chicago, IL, in various management positions in Strategic Planning, Cash Mgt and M&A. Mr. White holds an MBA in Finance & Int’l Business from the Kellogg Graduate School of Management (1990), Northwestern University, Evanston, IL, and a BA degree in International Economics from Stetson University (1985), DeLand, FL. Mr. White lived full time in the city of Nizhny Novgorod and is married with two children.

Education: PhD in economics, specialized in world economy.Higher Legal Education, specialized in jurisprudence . Experience: General Director, NP Agency of Investments and Development of Volgograd Region. Responsible for: general management of Agency, contracts conclusion, internal Activity of the Agency, coordination of the development and execution of target programs; representation of the Agency in all establishments, enterprises and organizations.

In 2003 Konstantin Fokin graduated from Cranfield University School of Management, Great Britain. In 2003 – 2004 he founded one of the first Russian business-angels network. In 2005 – 2006 he worked in RF Ministry of Economic Development, where he developed and carried out small businesses state support programs. Several dozens of public-private regional venture funds and business-incubators were created under those programs. In 2007 – 2008 Mr Fokin is the general director of STROGINO Technopark, Moscow. In 2009 – 2009 Mr. Fokin is the President of the Russian Tech Tour 2009. In 2009 Konstantin became the co-founder and the President of the All-Russia sector association of individual VC investors – Russian Business-Angels Association.

2004 graduated Moscow State University of Economics Statistics and Informatics with a degree of economist. 2005-2009 ALOR Group – different positions on sales and business development. Was responsible for customer acquisition and products development. 2009 - present - RTS Stock Exchange – Head of Sales Lising and OTC. Responsible for IPOs and issuer relations. Has FCSM certificates 1.0 and 2.0.

Lawyer (civil law specialization) with more than 10 years of experience in international consulting (a Big4 company), companies of Russian electric power industry, financial sphere (corporate secretary of a major bank) and private equity (corporate secretary / director in charge of corporate governance of a Western private equity fund). Vitaly has an extensive experience of holding seminars and workshops on corporate law and corporate governance; articles on professional topics in leading publications. Author of a practical guide to investment M&A deals structuring. Member of the Working group on expertise and development of corporate legislation of the National council of corporate governance (NSKU). Speaks Russian, English and German. Specialization areas – corporate law and governance, contract law, employment law, M&A deals structuring, due diligence, etc.