Mr. Leon Wagner has since retired as Chairman at GoldenTree Asset Management. Mr. Wagner was Co-Head of High Yield Sales and Trading at CIBC World Markets from 1995 through April 2000 and at The Argosy Group from 1993 until its acquisition by CIBC in 1995. At these institutions, Mr. Wagner's primary responsibility was to direct all public and private placement marketing and structuring for high yield issuance. CIBC's High Yield franchise was often recognized for structuring value added, innovative transactions. At CIBC World Markets, Mr. Wagner was a member of the Investment Committee of Caravelle Advisors, the investment advisor of Caravelle Investment Fund, a $1.3 billion Collateralized Bond fund. From 1990 until 1993, Mr. Wagner was a partner in the Los Angeles based high yield boutique Dabney/Resnick and Wagner. From 1986 to 1990, Mr. Wagner was a Senior Vice President in the High Yield Department of Drexel Burnham Lambert where he participated in many of the industry's most innovative financings. From 1977 until 1986, Mr. Wagner was a Senior Vice President in the Fixed Income Division of Shearson Lehman Brothers. Mr. Wagner received a B.A. from Lafayette College in 1975 and an M.B.A. from the University of Chicago Graduate School of Business in 1977. In 2003, Mr. Wagner was presented with 'The Gustave L. Levy Award' of the Wall Street Division of the UJA-Federation of New York. The award, the division's highest, was given in recognition of Mr. Wagner's many years of community service, philanthropy and leadership. He also serves as a Director at Lighting Science Group.