Richard Kreger

Hello, I am Richard Kreger, Managing Director of Ironridge Global Partners

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Having made financial commitments to companies in excess of $25 Million to date, we continue to identify emerging companies with great management, very unique niche business plans that have the potential to become category killers. Ironridge Global seeks distressed companies in need of rescue financing as well as emerging companies with growth capital. We incubate these companies and structure financings that are both equity, convertible into equity and non-convertible to help finance their growth. We have closed convertible preferred stock, preferred stock, common stock and warrant offerings life to date. Our goal is to put much greater amount of capital to work in many more emerging publicly traded companies. Diamonds in the rough with great growth potential. Life sciences, biotechnology, biopharma, energy, clean technology, renewable, green technology, technology, consumer food & beverage and products, franchisors, restaurants, defense, banks, etc. Canada, India, China, Hong Kong, Taiwan, Korea, Brazil, United Kingdom, Germany, France, USA, Europe, Asia, cross-border and domestic.

Sr. Managing Director & Co-Head of Investment Banking [email protected] at Source Capital Group, Inc.

March 2009 - February 2011

The Investment Banking team at Source Capital Group offers a wealth of Wall Street experience through our seasoned professionals to the underserved small cap company sector and start-up companies as well. Having successfully funded both public & private companies, Source offers equity & debt financing to help further the growth of companies that are often overlooked by the larger investment banks. Structured finance vehicles have also been used to achieve the needs of larger companies, while creating specific advantages that enhance their balance sheets. Source began as an independent firm specializing in small to medium-sized investment banking transactions. We specialize in the following: Dual Source Secondary Offerings Rights Offerings Issue Registered Directs from Shelf Registration Initial Public Offerings (IPOs) Follow-On/Secondary Offerings SPACs Mergers & Acquisitions PIPEs Private Placements Fairness Opinions Corporate Advisory & Restructuring

Senior Managing Director, Investment Banking at Maxim Group, LLC

June 2008 - March 2009

Maxim’s Investment Banking Group has developed a solid reputation of consistently delivering innovative solutions for middle-market and emerging growth public and private companies. Our trusted professionals specialize in a range of industries in the United States, Europe and Asia, including: Technology; Healthcare; Energy; Transportation; Business and Financial Services; Consumer Goods & Retail; and Homeland Security and Defense. Maxim Group is recognized as a leading underwriter of Business Combination Companies™ (BCCs™), commonly referred to as Special Purpose Acquisition Companies (SPACs), with over $2.6 billion in issuance in 26 transactions, including acting as lead manager in 11 transactions. Maxim Group is also a leading M&A advisor with respect to BCCs, having been involved in 6 BCC M&A assignments representing over $1.5 billion. To date, 5 of the 11 offerings which Maxim Group has lead managed have announced or closed an acquisition.

Senior Vice President at Midtown Partners & Co., LLC

December 2004 - June 2008

While at Midtown Partners, we became the 5th most active placement agent in the country for PIPE transactions, #2 for PIPEs for companies with Market Caps below $100mm & #1 for Market Caps below $50mm. Our main focus was on negotiating PIPEs, Restructuring of PIPEs & Recapitalizations with PIPEs as our main financing vehicle. Our list of clients and tombstones of our transactions could be found on our website at www.midtownpartners.com

Managing Member at Kreger Rohan Capital Management

February 2003 - May 2006

At Kreger Rohan Capital Management, my colleague J. Rory Rohan & I, started, founded and grew the Crisis Management Fund, LP. We had a cumulative return of about 50% over the three years. Our focus was on analyzing & dissecting companies that the financial community believed to be in crisis situations and we took a contrarian approach to try to find hidden value & sought out how we could best hedge these positions given the potential risk associated with each investment opportunity. We also took a look at crises that were turned around through PIPEs and distressed debt.

Sr. Associate PIPEs group at H.C. Wainwright & Co., Inc.

January 2004 - December 2004

We were the number 3 most active placement agent in the country for PIPEs in 2004 when I completed my tenure with HC Wainwright. At that time only Roth Capital and Rodman & Renshaw completed more PIPEs transactions than us. Focusing on PIPEs in this investment banking team combined with my years of credit analysis helped me become the banker I am today. We focused on negotiating and closing of PIPE transactions for emerging public companies.

Chief Financial Officer at Kreger Truck Renting Co., Inc.

August 1995 - December 2003

While at Kreger Truck Renting Co., Inc (which was founded in 1889 by my Great Great Grandfather) I was second in command at the oldest full service truck leasing company in the United States. Our reputation was of giving a high level of service, quick response and only taking on companies of the highest credit and longevity. Located in Brooklyn, NY & Newark, NJ I focused on companies in and around Metropolitan NYC and North Eastern New Jersey. We built relationships with many of the largest U.S. banks that did asset based lending and continue to maintain those relationships.

President at Total Quality Beverage Company

1997 - 1999

The company was focused on becoming a regional beverage distributor with the goal of eventually becoming national with a larger breadth of non-alcoholic alternative beverage brands. We distributed Hidden Sping Water, Dad's Creamy Red, Orange and bottled Root Beer, Blue Range Juices, Cafe Cola and Elliots Amazing. We sold the business as our exit strategy to Blue Range Beverage Company in New Hampshire in 1999.

Managing Director at Ironridge Global

February 2011

Ironridge Global is a private equity firm focusing on completing transactions with public traded companies across the globe, both emerging small cap companies and distressed companies. Our main objective is to make investments into common stock of publicly traded companies, both unregistered and registered common stock.

University of Vermont

1991 – 1995

BS

Mamaroneck High School

1987 – 1991

High School Diploma

Concentration: Math, English, History