Kipling Capital Inc.

MANAGEMENT TEAM

Investor Relations and Office Management

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Sandy Williams, Investor Relations

Ms. Williams joined Kipling Capital in November of 2004. She is an integral part of our investment offering, investor relations, and client service capabilities and is also responsible for all administrative, bookkeeping and office management functions. Prior to joining Kipling Capital, Ms. Williams served as the Director of Administration and Assistant to the Chairman of the Board, President and Vice president of Unison Group, Inc. In her twenty years of service to Unison Group, Ms. Williams participated in Board meetings, maintained Board records, coordinated with corporate bankers and attorneys, negotiated lease agreements, trained and supervised administrative personnel, maintained confidential employee records, and assisted with various accounting and financial functions.