Michael Binnion has been actively involved in the financing and executive management of numerous private and public companies over the last 16 years through his investment company, Rupert's Crossing Inc. Mr. Binnion served as the President and a Director of Terrenex and its predecessor from October 1995 to April 2008. He served as President and Chief Executive Officer of Flowing Energy Corp., a junior exploration and production company, from June 1996 to December 2001 and served as Chairman of the Board from 2002 to 2004. He served as the President and Chief Financial Officer of CanArgo Energy Corporation, an independent exploration & production company from 1997 to 2000. From 1992 to 1997 he was Executive Director of Crossfield House Inc., a private merchant banking firm. From 1992 to 1998 he was a minority shareholder and manager of a private investment company that held interest in commercial real estate and golf courses. Prior thereto he was Manager in the High Tech group at Clarkson Gordon, a division of Ernst & Young, specializing in tax-assistant financings. Mr. Binnion served as Chairman of the Board of Sylogist Ltd. from March 2000 to February 2002. He has been Director of Sylogist Ltd. since March 1997. He served as a Director of Magnus Energy, Inc. from March 4, 2005 to November 2007.