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Summary

Name Age Since Current Position

Douglas Lailey

2005 Chairman of the Board

Arthur Smith

2006 President, Director

Sandra Weiler

2005 Chief Financial Officer

Hendrik Lombard

2011 Vice President - Finance and Corporate Planning

Trudy Curry

2010 Vice President - Customer Satisfaction, Service Management and Operations

Ryan Lailey

2006 Vice President - Business Development and Corporate Strategy

Trevor Wong-Chor

2011 Corporate Secretary

Randy Henderson

2011 Independent Director

Keith Powell

2000 Independent Director

Mark Ripplinger

2006 Independent Director

Biographies

Name Description

Douglas Lailey

Mr. Douglas J. Lailey is Chairman of the Board of Cortex Business Solutions Inc., since 2005. Mr. Lailey is a retired business executive and private investor. From 1996 to 2000 Mr. Lailey was Senior Vice-President-Americas for Bredero-Shaw, a worldwide joint venture between Shawcor Ltd. of Toronto and Halliburton of Dallas Texas. Prior to this Mr. Lailey held the position of Senior Vice President-Pipeline and Tubular Products with Shaw Industries Ltd. from 1994 to 1996, and Vice President-Pipe Protection Group from 1986 to 1994. Mr. Lailey has previously served on the board of Saxon Petroleum Inc. and Blue Sky Resources.

Arthur Smith

Mr. Arthur B. Smith is the President, Director of Cortex Business Solutions Inc., since March 2006. He is also the President of Long Island Management. Prior thereto, he was Vice President and Chief Information Officer of TransCanada PipeLines from 2000 to 2003.

Sandra Weiler

Ms. Sandra L. Weiler is the Chief Financial Officer of Cortex Business Solutions Inc., since July 26, 2005.

Hendrik Lombard

Mr. Hendrik Lombard is the Vice President - Finance and Corporate Planning of Cortex Business Solutions Inc., since February 14, 2011.

Trudy Curry

Ms. Trudy Curry is the Vice President - Customer Satisfaction, Service Management and Operations of Cortex Business Solutions Inc.

Ryan Lailey

Mr. Ryan Lailey is the Vice President - Business Development and Corporate Strategy of Cortex Business Solutions Inc., since March 8, 2006.

Trevor Wong-Chor

Randy Henderson

Mr. Randy Henderson, CA CF ICD.D., serves as an Independent Director of Cortex Business Solutions Inc., since 2011. He is a senior finance executive and corporate director who serves as a corporate financial advisor to the board of directors and executive management teams of both publicly-traded and private entities. He is President of Henderson Corporate Financial Consulting Inc. and a director of Paragon Pharmacies Ltd. (TSX-V: PGN). Mr Henderson is currently Vice President and Chief Financial Officer of Oak Point Energy Ltd., a privately-held junior oil sands development company. From 2001 -2010, Mr. Henderson has served in either a full-time or consulting capacity as the Chief Financial Officer of several public and private entities, including Blackline GPS Corp., Paragon Pharmacies Ltd., High Arctic Energy Services Inc., CE Franklin Ltd., Emera Inc., and ENMAX Corporation. In 2003, he was nominated for Canada's CFO of the Year Award. He is a member of the Canadian Institute of Chartered Accountants (CICA) and is an executive leadership program alumnus of the Stanford Business School of Stanford University. In 2008, he was awarded the Corporate Finance (CF) designation by the CICA. In 2009, he completed the Directors Education Program offered by the Institute of Corporate Directors of Canada and was awarded its designation of ICD.D.

Keith Powell

Mr. Keith Powell is an Independent Director of Cortex Business Solutions Inc., since 2000. Currently President of Keith Powell Consulting Inc. and a Partner in XPV Capital Corporation Inc. a Venture Capital company investing in =green‘ technologies. Prior to this from 1996-2000 Mr.Powell was Senior Vice President and Chief Information Officer for Nortel Networks. Mr.Powell had a 20 year career with Nortel spanning multi functions: customer service, operations, quality & manufacturing. He holds a B.Sc. and an MBA.

Mark Ripplinger

Mr. Mark Ripplinger is an Independent Director of Cortex Business Solutions Inc., since July 2006. He is Currently a President of Everlink Payments Services and President, Mark Ripplinger Consulting Services; previously, Mr. Ripplinger held executive positions with several organizations, including: Vice-President, Technology and CIO with Canadian Payments Association (CPA); Senior Vice-President and CIO with ATB Financial; Vice-President and CIO with Crown Life Insurance Company; Vice-President of Systems with Co-Operators Financial Services; Partner with Sierra Systems; Business Development Executive with EDS; Solutions Development Manager with Cisco Systems; and Director, Sales & Marketing with CDSL/CGI.

Basic Compensation

Name Fiscal Year Total

Douglas Lailey

--

Arthur Smith

303,963

Sandra Weiler

189,901

Hendrik Lombard

112,133

Trudy Curry

213,880

Ryan Lailey

209,755

Trevor Wong-Chor

--

Randy Henderson

--

Keith Powell

--

Mark Ripplinger

--
As Of 30 Jul 2011
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