Obsidian Enterprises Inc.

Rick D. Snow was appointed to the Company's Board on November 10, 2008. Mr. Snow was appointed to fill a vacancy created when the Board of Directors of the Registrant increased the number of authorized directors from five (5) to six (6). Mr. Snow also serves as Chairman of the Company's Audit Committee. Mr. Snow, a CPA since 1987, is the Executive Vice President and Chief Financial Officer of Obsidian Enterprises and Fair Finance Company and oversees the financial management of the Company including financial reporting, systems implementation and strategic planning. His prior experiences include several years with both National and Regional accounting firms overseeing business and assurance services and business advisory services. Mr. Snow earned a Bachelor of Business Administration from Kent State University and is a member of the American Institute of Certified Public Accountants and the Ohio Society of Certified Public Accountants.

Prior to joining Obsidian, Mr. Osler served as Senior Vice President at Durham Whitesell & Associates, LLC, and Durham Capital Corporation. At Durham Whitesell, Mr. Osler was responsible for indentifying investment opportunities, including management of the due diligence process, and financial analysis and market research. Mr. Osler's responsibilities with Durham Capital Corporation include management of the firm's public equity portfolio, currently approaching $5 million. Previously, Mr. Osler served as the General Manager of Hilton Head National Golf Club where he was responsible for daily operations of the 27-hole resort facility, including a staff of 90 and a $5 million annual budget. In 1998 Mr. Osler oversaw all aspects of the expansion of the course from 18 to 27 holes.

Mr. Johnston has served as a director of the Company since May 2004, when he was appointed by the Board to fill the vacancy created by the resignation of a prior director. Mr. Johnston currently provides consulting services through executive workshops across the nation. He had served as President and Chief Executive Officer of Gartmore Global Investments, the asset management fund subsidiary of Nationwide Mutual Insurance Company from May 2002 to January 2004. From March 1998 to May 2002, he had served as Senior Vice President of Conseco Capital Management.

Daniel S. Laikin is currently Chief Executive Officer of National Lampoon, Inc. (OTCBB:NLPN), a media and entertainment company that creates and distributes comedic content through a number of platforms, including the National Lampoon Network. He has been a director of the company since 2000 and was employed as Chief Operating Officer from May 2002 until February 2005 when he became Chief Executive Officer. Until 2000 Mr. Laikin served as Co-Chairman of Biltmore Homes, Inc., an Indiana-based home building and real estate development company. He also served as a managing partner of Four Leaf Partners, LLC, a closely held investment company, concentrating on the startup and financing of high tech and Internet-related companies. He is also on the Board of Directors of Obsidian Enterprises, Inc. (OTCBB:OBDE).

John Schmit, age 35, joined Renaissance Group in 1997, and is Vice- President-Investments. He is also Vice President of the Fund. Mr. Schmit is responsible for portfolio analysis and monitoring. From September 1992 to September 1994, he practiced law with the law firm of Gibson, Ochsner, & Adkins, Amarillo, Texas. He holds a BBA in Finance from Texas Christian University, a JD from the University of Oklahoma College of Law and an LLM in International and Comparative Law from Georgetown University Law Center. He is director of Obsidian Enterprises, Inc.