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.