Stephen M. Hope (age 46), Director

Mr. Hope is founder and managing director of Outrider Management LLC, a SEC-registered Investment Advisor based in California. Prior to forming Outrider in January 2004, he was a portfolio manager with Dalton Investments LLC. Mr. Hope is a highly experienced investor in emerging markets, having been doing so for over 20 years. Mr. Hope is also an executive director of Madagascar Oil Limited, an independent international oil and gas company focused on exploration, development and production opportunities in five onshore blocks in Madagascar. Mr. Hope has also served as director of Jaguar Mining Inc., a Canadian-listed gold mining, development, and exploration company operating in Brazil with three gold mining complexes. Mr. Hope holds a Bachelor of Arts in Economics from Princeton University.