Glen R. Shear: Mr. Shear, age 51, has served as the Company’s Chief Financial Officer since December 21, 2011. Prior to joining us, Mr. Shear served, from February 2002 to June 2007, as the Chief Financial Officer of Israel Technology Acquisition Corp, a US public company. Mr. Shear also served, from January 1999 to December 2011, as the co-owner of Glenco Corp., a financial and strategic advisory firm based in Toronto, Canada. In this capacity Mr. Shear provided financial and strategic planning advice with respect to real estate and retail development projects, as well as in connection with M&A transactions. Mr. Shear holds a Master’s Degree in Business Administration from the University of Chicago, and a Bachelor’s Degree, Summa Cum Laude and Phi Beta Kappa, from Brandeis University.

Mr. Shear entered into an employment agreement (the "Employment Agreement") with the Company on December 21, 2011. Pursuant to the Employment Agreement, Mr. Shear is entitled to receive 20,000 restricted shares of the Company’s common stock as well as participate in any future Company executive benefit plans, as determined by the Company’s board of directors. Mr. Shear is also subject to usual and customary confidentiality and non-competition covenants and the Employment Agreement may be terminated by either the Company or Mr. Shear upon ten days’ written notice.

The foregoing description of the terms of the Employment Agreement is qualified in its entirety by reference to the provisions of the Employment Agreement filed as Exhibit 10.1 to this report, which are incorporated by reference herein.

Mr. Shear is not related to any of the Company’s executive officers or directors, nor has she been a party to any transaction requiring disclosure pursuant to Item 404(a) of Regulation S-K.