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United States

Ominto Inc (OMNT.OQ)

OMNT.OQ on NASDAQ Stock Exchange Capital Market

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Summary

Name Age Since Current Position

Michael Hansen

47 2016 Chief Executive Officer, Founder, Director

Jim Spielman

2018 Chief Financial Officer

Betina Sorenson

45 2016 Chief Operating Officer

Jeffrey Schuett

52 2015 Executive Vice President - Operations and Solutions Development

Thomas Vogl

48 2015 Chief Marketing Officer

Matthew Cohen

51 2017 General Counsel

Biographies

Name Description

Michael Hansen

Mr. Michael B. Hansen is Chief Executive Officer, Founder, Director of the Company. Mr. Hansen was re-appointed as Chief Executive Officer on June 1, 2016. From September 15, 2015 to June 1, 2016, he served as the Executive Vice President, Development of the Company and a director on the Board. He served as President and Chief Executive Officer of the Company's predecessor and served the same roles for the Company from 2003 until May, 2015, until the appointment of Ivan Braiker as President and Chief Executive Officer. From May 2015 to September 2015, Mr. Hansen was Ominto’s chief strategist and conceptual developer. Early in his career, Mr. Hansen gained experience from his work in a variety of internationally recognized creative environments. Mr. Hansen holds a degree in mechanical engineering and in the late eighties and early nineties worked as a developer for the Danfoss Group. Later, he was recruited by LEGO and was responsible for theme world development, spending much of his time designing and creating the highly successful Space Lego product line, which later developed into the Star Wars products. In 1996, he commenced his entrepreneurial career by developing a successful chain of Mexican themed franchise restaurants which he sold in 1999 to pursue a career in the network marketing industry where he achieved the highest sales associate ranking available in two, US-based network marketing companies in telecommunications and financial services.

Jim Spielman

Mr. Jim Spielman is Chief Financial Officer of the company. Prior to joining the Company, Mr. Spielman joins Ominto following a long career in investment banking, corporate finance and public accounting. Prior to joining Ominto, Mr. Spielman was the Managing Partner of Sympheron Capital LLC, a boutique M&A advisory and private capital raising service firm he started 10 years ago to advise publicly traded and private corporate clients on mergers, acquisitions, divestitures, leveraged buyouts, restructurings, recapitalizations, and corporate finance transactions. Prior to Sympheron, Mr. Spielman served as the CFO of Intelligent InSites, a VC-backed healthcare SaaS (Software-as-a-Service) where he raised several million in new capital from private and institutional investors while leading the company's accounting, finance, and IT departments and co-leading HR. Prior to InSites, Mr. Spielman was an M&A and corporate finance investment banker with Houlihan Lokey's Global Energy Investment Banking Group and Bank of America Securities' Global Healthcare Investment Banking Group in New York. Earlier in his career, Mr. Spielman spent 10 years in senior corporate financial reporting, planning & analysis roles with Western Digital (Nasdaq: WDC), Buy.com which was later acquired by Rakuten, Inc., and Health Care Property Investors (NYSE: HCP). Mr. Spielman started his career as an audit CPA with Arthur Andersen in California specializing in software, e-commerce, digital media, and internet services. He earned his BS in Accounting (Cum Laude) from Minnesota State University and an MBA in Finance from UCLA's Anderson School of Management.

Betina Sorenson

Ms. Betina Dupont Sorenson is Chief Operating Officer of the Company. Ms. Sorenson has been the Chief Operating Officer of the Company since September 1, 2016. From 2005 to 2016, Ms. Sorenson served as Chief Marketing Officer of our DubLi Network subsidiary, where she is responsible for all distribution, marketing and communications functions for DubLi Network’s Business Associates. She is also the manager of Ominto’s office in Dubai, UAE. Early in her career, Ms. Sorenson was employed in a Danish marketing firm and spent two years with Modulex, a division of LEGO where she worked in the accounting and logistics department. As a seasoned business executive, she has owned her own restaurant and has also managed accounting and HR for several nightclubs in Denmark. Ms. Sorenson began her career in Network Marketing in the late 1990s, and spent three years building large organizations and customer bases for two US multi-level marketing companies. She has a Degree in Business Administration from Vejle Business College. She is fluent in Danish, English and German and is conversational in Spanish.

Jeffrey Schuett

Mr. Jeffrey Schuett is the Executive Vice President - Operations and Solutions Development of the Company. Mr. Schuett entered into an employment agreement with the Company to serve as Executive Vice President of Operations and Solutions Development for an initial term of five years, renewable for each successive one-year period. Under the employment agreement, Mr. Schuett was also granted the right to 100,000 options to purchase the Company’s common stock which was scheduled to vest in 12 equal quarterly installments. The options have an exercise price of $7.00 per share. Mr. Schuett is restricted from competing with the Company during the course of his employment and for a period of one year after his employment has been terminated. On January 25, 2016, the Company and Mr. Schuett entered into a Separation Agreement whereby Mr. Schuett received compensation for four months.

Thomas Vogl

Mr. Thomas Vogl is Chief Marketing Officer of the Company. Mr. Vogl entered into an employment agreement with the Company to serve as Chief Marketing Officer for an initial term of five years, renewable for each successive one-year period. Under the employment agreement, Mr. Vogl was paid an annual base salary of $215,000. Mr. Vogl was also granted the right to 100,000 options to purchase the Company’s common stock which were scheduled to vest in 60 equal monthly installments. The options have an exercise price of $5.50 per share. Mr. Vogl is restricted from competing with the Company during the course of his employment and for a period of one year after his employment has been terminated. On February 1, 2016, the Company and Mr. Vogl entered into a Separation Agreement whereby Mr. Vogl received compensation for four months.

Matthew Cohen

Mr. Matthew S. Cohen is General Counsel of the company. He has been the General Counsel of the Company since May 1, 2017. Immediately prior to joining the Company, he served as General Counsel for Harbor Village, Inc., a privately-owned substance abuse treatment provider. From December 2015 through July 2016, Mr. Cohen was a Partner in the law firm of Gallet Dryer & Berkey, LLP and from August 2014 through February 2015, he served as the Executive VP and General Counsel of Stratex Oil & Gas, Inc. (symbol: STTX), a publicly traded oil & natural gas exploration and production company. From June 2012 through August 2014, Mr. Cohen was a Shareholder in the law firm of Buchanan Ingersoll & Rooney PC. From March 2008 through May of 2012, he was a Partner in the law firm of Thompson & Knight LLP and from January 2001 through March of 2008, he served as a Partner of Eaton & Van Winkle, LLP. Mr. Cohen graduated from Emory University with a B.A. in 1988 and earned his J.D. from Brooklyn Law School in 1991.

Basic Compensation

Name Fiscal Year Total

Michael Hansen

348,000

Jim Spielman

--

Betina Sorenson

227,400

Jeffrey Schuett

--

Thomas Vogl

--

Matthew Cohen

--
As Of  29 Sep 2016

Options Compensation