Adam Pierce has served as one of our directors since May 17, 2012. Mr. Pierce is a Managing Director with Oaktree Capital Management, L.P. in Los Angeles where he leads the Global Principal Group's Natural Resources investment efforts. Prior to joining Oaktree in 2003, Mr. Pierce served as a Financial Analyst in the Investment Bank at JP Morgan Chase & Co., gaining experience on a range of advisory and financing assignments. Prior thereto, he worked for Goldman, Sachs & Co. Mr. Pierce received a B.A. degree in Economics with a focus on Business Administration from Vanderbilt University. Mr. Pierce has served on the boards of numerous companies and currently serves as a Director of Caerus Oil and Gas, DNA Diagnostics, General Maritime, Maritime Equity Partners, and Floatel International. As a result of these and other professional experiences, Mr. Pierce possesses knowledge and experience regarding the banking, finance and capital markets, that strengthen the Board's collective qualifications, skills and experience.