We are proud of our Management Team. The Team is composed of several senior highly experienced and respected financiers, investment bankers, and legal and industry experts. The Team represents the old wise experienced and confident executives and the young, talented, competent and dynamic senior officers. All are equity shareholders in the Company. A number of our team are presently holding senior positions with several major investment banks and will join Fundmore in a timely fashion upon the completion of the First Funding. It is for this reason that we are unable to mention their names at this time.

FRED L.H.FARHA The Founder, President & CEO

Canadian citizen, Prior to founding Fundmore Merchant Bank, Fred was President and CEO of Fundmore Corporation (Canada) Limited which he started 1968 in Zurich Switzerland where he spent two years working with several Swiss banks as a private placement banker, which he later founded in Canada, by Dominion Charter on the 13th day of August 1971. Fred is also President and CEO of CENCOR International S.A., Executive Director of Fundmore International Capital Corporation - FICC and former Chairman of the Board of Fundmore Capital Management Inc. He was an early pioneer of several, then unconventional finance models and products, now recognized as financial engineering, structured financing, commodity-linked finance, asset-based finance, asset-backed finance, as well as other unconventional and innovative financing solutions. Fred is an innovative financial engineer and an authority on the use of financial instruments and products. He excels in devising solutions and credit enhancement structures and strategies to resolve project financing difficulties in the Emerging Markets. He built the Fundmore group of companies into a global boutique of financial services and established important contacts and name recognition in over 85 countries. From the start of his career, he recognizing the demanding nature of structured financing solutions and the wide and diversified range of expertise involved and needed to do the work. Fred developed and cultivated a unique global network of sourced out "Finance Teams" which can be assembled and put in place at short notice. These Finance Teams are drawn from over 900 consultants, industry experts, legal and auditing, trading houses, shipping, engineering and construction and others. His recent challenges came in the form of partnership with Karellesprom Holding JSC (Timber Association of Karelia) and the Government of the Republic of Karelia, Russian Federation. He became involved in the radical rehabilitation, reorganization and capitalization of 20 timber harvesting, pulp and wood processing companies with assets and infrastructure valued at more than $ 7.650 billion. Over the past 32 years, Fred was involved in the financing of complex projects including major oil and gas, power generation, petrochemical plants, property development and shipping.

The Cofounders

HUGH KENNEDY, LLB Chief Coordinating Officer and Cofounder

Canadian citizen, resident Senior Vice President and Director of Fundmore Corporation (Canada) Limited and Director of Fundmore International Capital Corporation -FICC, a graduate of Ottawa University Law School class of 1969, was called to the Bar of Ontario Canada 1971, practiced law as Solicitor & Barrister in the City of Ottawa Ontario Canada as Partner in the law firm of Bergh, Dioguardi & Kennedy, prior to resuming his law studies was employed as Account Executive with the Royal Bank of Canada 1954- 1962,then as Manager of Goodyear Tire & Rubber Company 1962- 1963, worked as Commercial Real Estate Consultant 1985- 1993 and General Manager of Capital Parking Inc. Starting early 1973 to date, Hugh actively participated with CENCOR International S.A. and FICC in several major trade finance projects, assisted in various property development projects and managed the processing and structuring of several critical financing instruments in support of loans and credit facilities.

EDWIN REDZEPAGIC Chief Technology Officer - Cofounder

Edwin worked as the project manager and management consultant at Ernst and Young and Unisys in the US, UK, Eastern Europe and Central Asia. The key focus of his role was to promote the use of Information Technology as an enabler to the business change process in both developed and emerging markets. For the past 12 years, Edwin primarily worked in the financial services industry, specialising in the Brokerage and Investment Banking areas. Edwin' projects include:
UBS Warburg. Edwin worked as the Equities Brokerage programme manager during the development, testing and regulatory approval of the UBS' e-banking solution. The system is designed to support the bank's high net-worth client community and its technical architecture is based on FIX (Financial Information eXchange), MQ Series, Siebel, BroadVision and WebSphere environment, as well as the straight-through links to the German and US exchanges.
Central Bank of Russian Federation. Edwin managed the development and implementation of a bespoke Electronic Clearing and Settlement system for the major eastern- European central bank He implemented the system in nine regional centres and advised the commercial banks on the electronic interface specification and development.
VneshEconomBank - Russian government bank for foreign trade. Edwin managed the reconciliation of the external debt of the former Soviet Union. His team was involved in development and maintenance of a custom build debt reconciliation system.
Lloyds of London. Edwin designed and implemented the Names liability and solvency tracking application for a number of Lloyd's Underwriters in the city of London. This system enabled Wellington, one of the agents, to become one of the best performing Lloyd's underwriters at the time.

Chief Financial Officer (CFO) - Cofounder

XXXX - Working with major financial institutions. Several years as senior executive with major international industrial and utilities companies, 10 years senior in investment banking, effective role in preparation for the IPO Floatation & Investment Banking. Participation in advanced company's strategic financial plans, responsible for development and implementation of financial systems and control. Qualified accountant, MBA in finance and other degrees. Knowledge of e-commerce and Internet.

JAMES N. WUENSCHE Treasurer and Deputy CFO - Cofounder

American citizen, has over 25 years' experience in financial management and for the last seven years has directed all aspects of his management and financial consulting firm, with an emphasis on startups, turnarounds, corporate structured financings, taxation, investor relations and corporate communications. Jim provided CFO and general management consulting services to a wide variety of clients including medical, manufacturing, publishing, real-estate development, e-commerce and retail businesses. While serving as Corporate Treasurer, he was a member of the transition team, which successfully reorganized The Circle K Corporation. He is a Certified Public Accountant and member of the American Institute of Certified Public Accountants, Arizona Society of CPA's, Treasury Management Association and is a Diplomate' of the American College of Forensic Accountants.

Accounting Controller & Business Manager - Cofounder

XXXX - Senior director of one of the top six accounting firms. Duties: will be working with CFO. Supervise and control all accounting matters of the company. Prepare financial statements and local and consolidated company's global divisions. Coordinate all accounting matters and provide supervision of departments and perform other work assignment special to company's business. XXXX received degrees in accounting and finance with 5 years work experience with a major accounting firm. Knowledge of e-commerce and is computer literate. Director of Project Financing and Models - Cofounder XXXX - Working with a major American investment bank. Has over 11 years in financial management, preparation of valuation models, including greenfield generation projects, contributing to tax, accounting, operational structuring and legal teams etc. Contributing to other project structuring models and related work. Prepare financial forecasts and analysis. Other work assignment special to company's business. He is the holder of MBA & Masters degree in finance and economics. Previous experience in financial modelling with advanced Excel skills, previous project financing experience, previous structured financing experience, completed an investment banking analyst program.

MATT KINDBOM Director Investment Banking & Products, Cofounder

Matt Kindbom With a diverse background, Matt has held positions at HSBC Bank Canada, in private banking in Luxembourg, at the United Nations in Switzerland and recently at one of Canada's oldest investment banks, a boutique and top technology underwriter. As such, Matt is adept at risk management associated with the following: business operations; company operations; trading and portfolio operations; and asset management, securities, and administration of policies and procedures in both large and specialised institutions.
His education is equally broad-based and well rounded, with a focus on business, banking, and law. He holds an undergraduate degree from McGill University and two graduate degrees from the University of Lund, Sweden -- a Master's degree in International Law and a Master's degree in European Affairs, where his thesis was on international banking. Having dealt with a wide range of institutional clients, agencies, and entrepreneurs in a number of transactions, Matt possesses the analytical tools and creative thinking that investment banking in the emerging markets demands. Matt is multilingual with interests in genealogy, SCUBA diving and international politics.

ELENA DENISSENKO Design Manager - Cofounder

Elena worked in fashion and design industry for a number of years. She graduated at the Omsk University and worked and lived in Russia, UK and US. Elena key design contributions include:
Art4deco www.art4deco.com. Elena worked as the chief product and web designer for a premier on-line gallery, specialising is sale of Eastern European arts to the western buyers.
DIOMEDIA www.diomedia.com Elena worked as the chief designer for the Stock photography agency, supplying high-resolution photo images to the Advertising, Media and Corporate Communications industry. The site is currently being tested and is scheduled to go live in the summer of 2001.
Diosphere www.diosphere.com. Corporate indentity and website design for a global business and IT consultancy firm.

Non-executive Directors
SAMUEL COOPER III

Mr. Cooper is an American citizen, a graduate of the Harvard Law School where he received several academic awards and honours including a Harvard Law Review Fellowship. He is a proven entrepreneur with an outstanding track record as a businessman over the past 20 years. In addition he has over 27 years of corporate, telecommunications and international law experience including purchases and acquisitions, business planning, contracts and litigations. He is former Chief Legislative Counsel to the Federal Communications Commission, former counsel to the National Cable Television Association, former outside counsel to CBS on Syndication and Financial interest and former outside counsel to COMSAT on direct broadcast Satellite systems. He has been a television broadcast station licensee and the founder of several successful telecommunications and high tech companies, including Community Television Network (CTN), Interstellar Media, Intervox Communications, Bright Spark Technologies and Netsure Solutions. Mr. Cooper was a member of the Clinton Administration Transition team where he was responsible for advising the President on high technology and trade issues. Louis Ruckeyser named him " Outstanding Businessman of the Year" on Business Journal TV show.

Other Key Officers

They are Colleagues presently occupying senior positions with various investment banks and financial institutions. They will join Fundmore, as senior Division Heads, upon the successful completion of the present phase of development activities: