FalconStor Software Inc.

Mr. Huai came to FalconStor with a distinguished career in software development and management. As Executive Vice President and General Manager, Asia, for Computer Associates International, Inc., he was responsible for sales, marketing and the development of strategic joint ventures in the region. Mr. Huai joined CA in 1996 with its acquisition of Cheyenne Software, Inc., where he was President and Chief Executive Officer. He joined Cheyenne in 1985 as Manager of Research and Development, and was appointed Director of Engineering in 1987. While there, he served as chief architect of ARCserve, the industry's first storage management solution for the client/server environment. Mr. Huai received a master's degree in computer science from the State University of New York at Stony Brook in 1985. Mr. Huai's term as a Director of the Company expires in 2010.

Mr. Weber has over 10 years of financial, accounting and management experience. Prior to becoming CFO in 2004, Mr. Weber served as worldwide Corporate Controller of FalconStor since April 2001. From 1998 through 2001, Mr. Weber served as Corporate Controller for theglobe.com, an Internet community. Before joining theglobe.com, Mr. Weber had been an audit manager with KPMG and had several years of public accounting experience. Mr. Weber is a Certified Public Accountant in the State of New York and received his Bachelor of Science degree in accounting from Fordham University.

Mr. Wu brings to FalconStor more than 15 years of software design and development experience in the areas of storage, computer security, and communications. Prior to FalconStor, Mr. Wu was responsible for the design and development of the eTrust security product at Computer Associates International, Inc., which he joined in 1996 after its acquisition of Cheyenne Software, Inc. He was part of the Cheyenne Communications team as a senior software developer since 1994. Mr. Wu received his Master of Computer Science degree from the Chinese Academy of Sciences.

Mr. Lam came to FalconStor from Computer Associates International, Inc. As Vice President and Architect at CA, he was responsible for the eTrust Internet security product strategy and design. Mr. Lam joined CA in 1996 with its acquisition of Cheyenne Software, Inc., where he was Director and Architect of the HSM product line. He joined Cheyenne in 1993 with its acquisition of Applied Programming Technologies, Inc., where he was a partner and developer of network storage systems using the newly available optical libraries. Before joining APT, Mr. Lam worked at Hughes Aircraft, where he was a microwave circuit designer for space communication systems, and he was appointed Senior Staff Engineer. Mr. Lam received a Master of Science degree from UCLA in 1984, and a Bachelor of Engineering degree from Stony Brook in 1982.

Mr. Chen leads the worldwide Professional Services, Technical Support, Training, and IPStor engineering teams. He brings to FalconStor nearly 20 years of experience in the development of software solutions for both the storage and security industries. Prior to joining FalconStor, he was the assistant vice president responsible for the eTrust antivirus product line at Computer Associates. Mr. Chen earned his Master of Science degree in computer science at the New York Institute of Technology.

Mr. Jiang leads the charge to bolster our corporate identity by positioning FalconStor as the innovator and market leader in storage virtualization and data protection/recovery. Previously at FalconStor, Mr. Jiang spearheaded product marketing initiatives to define and promote channel ready solutions. Prior to joining FalconStor, Mr. Jiang worked for Cheyenne Software, Inc., where he achieved total dominance (approx. 90% share) in the server-based backup market in Japan and managed OEM relationships in the Asia Pacific region.

Mr. Wu was Senior Vice President of sales and marketing for the Internet Outsourcing Division of Trend Micro, a leading Internet security software company from 1998 to 2000. Mr. Wu had worldwide responsibility for defining, launching, and managing OEM, service, and alliance partnerships with ISPs, ASPs, telecommunication carriers, and other software companies for the purpose of offering network-based security services. Prior to that, Mr. Wu has 15 years experience in various executive and managerial positions at companies such as Intel, Seagate, Conner Peripherals, and Computer Associates/Cheyenne in areas including product development, marketing, and OEM/channel sales of RAID, optical, and tape-based storage management software and subsystems. In 1996 he co-authored a patent in the area of SCSI enclosure management services which has been widely adopted in the industry. Mr. Wu has a BS/MS in engineering from the University of California at Berkeley and an MBA from University of California at Los Angeles Anderson School of Management.

Mr. Imberti has more than 12 years of executive and senior management experience in enterprise storage software sales. Prior to joining FalconStor, Imberti served as Managing Director of the Southern European Operations at Veritas Software/Seagate Software (NSMG), where he drove the growth of the organization from 8 to 40 people in 3 years. While at Cheyenne Software, as Vice President of Southern European Sales and Operations, Mr. Imberti was instrumental in expanding revenue in France, the Benelux, Italy, Iberia and Israel. Prior to working at Cheyenne Software, he led the Southern European Sales of Pacific Data Products, a company specializing in Printer Enhancement products.

Mr. Lallier was previously with Computer Associates International, Inc. as Chief Architect for the ARCserve storage family of products. Prior to that, he was at Cheyenne Software, Inc. for 10 years in various positions, including Vice President of Engineering for the Desktop Products Division. Mr. Lallier has a Bachelor of Science degree in computer science from New York Institute of Technology.

Mr. Babu brings to FalconStor more than 15 years of software design and development experience in the areas of backup and secondary storage devices. Prior to FalconStor, Mr. Babu was a divisional vice president at Computer Associates, Inc., managing the development team for BrightStor Enterprise Backup. At Cheyenne Software, Inc., he was part of the ARCserve team, responsible for designing and developing most of the ARCserve's backend options. Mr. Babu received his Bachelors degree in Computer Science from the University of Calicut in India.

Mr. Horowitz brings to FalconStor a wide range of legal experience. Prior to joining FalconStor, Mr. Horowitz held positions with NewView Technologies, Inc., a supply chain software company, and Reliance Group Holdings, Inc., a diversified insurance holding company, and was with Fried, Frank, Harris, Shriver & Jacobson. Following law school, Mr. Horowitz was a law clerk to Judge Milton Pollack. Mr. Horowitz received his J.D. from Columbia Law School and his A.B. from Harvard College.

Ms. Petty brings to the company over 15 years of sales, management, and technology expertise in the software/networking industry. Prior to joining FalconStor, Ms. Petty held a variety of senior sales executive positions at Computer Associates International, most recently as Senior Vice President of Channel Sales. From 1990 to 1996, she was an essential member of the sales management team at Cheyenne Software Inc., and served as Director, North American Sales, Manager, Corporate Accounts and Western Regional Sales Manager. During her tenure at Cheyenne, Ms. Petty led the sales team that propelled Cheyenne, and its flagship product - ARCserve - to a position of market leadership, while educating the market to the benefits of, and helping to create the demand for, client/server software solutions.

Lawrence S. Dolin has been Chairman, President and Chief Executive Officer of Noteworthy Medical Systems, Inc. ("Noteworthy"), a provider of computerized patient record software, since January 2000. Since January 1996, Mr. Dolin has been a general partner of Mordo Partners, an investment management partnership. Since 1981, Mr. Dolin has served as a director of Morgan's Foods, Inc., which owns, through wholly-owned subsidiaries, KFC restaurants, Taco Bell restaurants and Pizza Hut restaurants. Mr. Dolin holds a B.A. from Case Western Reserve University and a J.D. from Case Western Reserve University. Mr. Dolin has been a director of the Company since August 2001, and his term as a director of the Company expires in 2007.

Patrick B. Carney has been a Vice President of Melillo Consulting, Inc., a solutions oriented systems integrator, since October 2006, and a General Manager since April 1, 2005. From November 2004, through March 2005, Mr. Carney was an independent consultant to senior management and senior IT executives. From October 2003, through October 2004, Mr. Carney was the Chief Technology Officer for Barr Laboratories Inc., a specialty pharmaceutical company. From August 2000 through July 2003 he served as the Chief Information Officer for the North Shore Long Island Jewish Health System where he was responsible for strategic IS planning and managing the IS and Telecommunications operations throughout the Health System. From 1995 to July 2000, Mr. Carney was the Vice President & Chief Information Officer for Staten Island University Hospital. Mr. Carney's career also includes IT management experience in other industries as he was also the Director of Information Systems for ABB Power Generation Inc., a subsidiary of the Zurich-based Asea Brown Boveri, and also held positions at KPMG Peat Marwick, Wang Laboratories, and IBM Corporation. Mr. Carney received a BS degree from Manhattan College. Mr. Carney has been a director of the Company since May 2003, and his term as a director of the Company expires in 2009.

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