Fog Cutter Capital Group Inc.

Andrew A. Wiederhorn, K. Kenneth Kotler and Don H. Coleman are the Trustees of the Trust. Pursuant to the terms of the Trust, the Trustees may allocate the shares to our employees and directors in their discretion. The Trustees do not base the allocations of stock or the terms of the vesting of the stock on specific criteria, but instead utilize a subjective evaluation of the value of the beneficiary to the overall success of the Company. On March 1, 2007, the Trustees resolved that all allocated shares of the Trust would vest to the beneficiaries as of that date. As a result, the Trust has begun distribution of the shares to the beneficiaries (the class of which includes the Trustees) and will terminate once that process is completed, which is expected to occur prior to June 30, 2007. Perquisites and Other Personal Benefits. The Company provides named executive officers with perquisites and other personal benefits that the Company and the Compensation Committee believe are reasonable and consistent with its overall compensation program and which it perceives will better enable the Company to attract and retain superior employees for key positions. The Compensation Committee periodically reviews the levels of perquisites and other personal benefits provided to named executive officers. In addition to customary health insurance and vacation benefits, we provide $1 million term life insurance benefits to our named executive officers except Mr. Wiederhorn. For his convenience, safety, security and efficiency, Mr. Wiederhorn is entitled to the use of corporate aircraft and a current model luxury automobile. Mr. Wiederhorn reimburses the Company for the Fuel Variable Charge (as defined in his employment agreement) related to the personal use of the corporate aircraft.

R. Scott Stevenson has been our Senior Vice President since October 1999 and was appointed Chief Financial Officer in June 2001. Mr. Stevenson was senior vice president of WFSG from September 1997 to October 1999. Mr. Stevenson was a director and President of Girard Savings Bank, FSB from 1991 to September 1997. Mr. Stevenson holds B.S. and Masters degrees in accounting from Brigham Young University. He is a certified public accountant licensed in California (inactive) and Oregon.

Matt Green has been Vice President of the company since October 1999. From 1996 to 1999, Mr. Green led the expansion of WFSG into Europe, where the company established offices in London and Paris. Since the inception of Fog Cutter Capital Group Inc., Mr. Green has focused on the acquisition and management of all of the group's international assets. Prior to 1996 Mr. Green was the Vice President of International Sales and Leasing for Evergreen International Aviation. He holds a BA degree in International Business from the University of Washington.

Ken has over twenty-five years of experience advising ultra-affluent families. Prior to co-founding Quintile Wealth Management, Ken was a Client Service Director in myCFO's Family Office Services group. Before that, Ken was a tax partner of Arthur Andersen, LLP. During his 20 years at Arthur Andersen, Ken established the Family Wealth Planning and Personal Financial Planning practices in the firm's Southern California offices. In addition, he was a founding board member of AAFA, Arthur Andersen Financial Advisors, a wholly-owned Registered Investment Advisor, and served on the firm's national Compensation Planning Specialty Team as well as the Family Wealth and Private Client Services Specialty Team. Ken is both an attorney and a CPA and holds a BSBA in Accounting and Economics as well as a Juris Doctor degree from Valparaiso University. He was a founding member of the Advisory Board of the University of Southern California Family Business Program, is listed in Who's Who in America and Who's Who in the West and continues to sit on several boards, including Step Up On Second, Idyllwild Arts Academy, the Boy Scouts of America Western Council and the National Council for Valparaiso University School of Law.

David Hansen has been IT Manager since October 1999. From 1993 to 1999 Mr. Hansen managed the IT department at Wilshire Financial Services Group. Prior to 1993, David was a consultant to WFSG.

Don H. Coleman, COO, holds BA. and MBA degrees from Stanford University. Mr. Coleman is a partner in International Communication Technologies, a founder and partner of three private phone companies and a cable TV company in four foreign countries. He was CEO of Liquid Spring Technologies, CEO of Clarion Corporation of America, and spent fourteen years at Ford Motor Company. He is on the Board of Directors of Cascade General Corporation (Portland Shipyard).

M. Ray Mathis has been a director since January 2003. Mr. Mathis was the Executive Director for the Portland Oregon Citizens Crime Commission, an advocate for business to reduce crime in the community. He has extensive international experience, having served 3 years as a branch chief for NATO in Belgium and as European systems director of security for Pan American Airlines from 1989 to 1990. He is the former president of Alert Management Systems, whose 2,200 employees provided security services at airports in the United States and Europe. Mr. Mathis holds a BBA degree from the University of Texas at Austin. In conjunction with his service on the Board, Mr. Mathis represents Fog Cutter Capital Group on charitable committees and boards in Portland, Oregon. He currently serves on the board of the "Children's Receiving Center" for neglected and abused children. At the behest of the Company, Mr. Mathis also participates in various charitable fund raising activities and is providing leadership in homeless youth and public safety issues, which enhances Portland's livability.