Equity, Inc.

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In Business Since 1967

Spencer H. LeMenager

Professional Background:
• 1984 – Present, Equity, Inc.: Wholly owned private investment banking firm with commercial, development, and agricultural real estate. Serves as the General Partner in Resources Development Group with interests in real estate, oil, and gas properties. Served as General Partner for Equity Warehouse Fund in Augusta, Georgia, which was recently sold.

• 1996 – Present, Keystone Natural Resources, Inc., Texas: Chairman of this operating company and agent for Keystone-Garrett Properties, a Texas joint venture with 100 general partners organized under the Keystone Owners Agreement, owning 3,500 acres of development, timber, and sand-mining surface land, plus 6,500 acres of oil and gas mineral interests. President from 1997 to June 20, 2007.

Spencer H. Lemenager

• 1984 – Present, Marketing Innovators International, Inc.: Corporate Consultant for this wholly owned company by Lois M. LeMenager, providing incentive services annual sales approximating $140 million.

• 1979 – 1986, Howe Barnes Investments, Inc.: President and Chief Executive Officer and member of the New York Stock Exchange.

• 1963 – 1977, Northern Trust Company: Vice President of major corporate accounts.

• 1961 – 1963, United States Army: Lieutenant/Accountable Officer stationed in Germany.

• Trustee: Progressive Capital Accumulation Trust, Boston, Massachusetts

• General Partner: Resources Development Group, Equity Warehouse Fund

• MBA, University of Michigan, Ann Arbor, Michigan

• BBA, University of Michigan, Ann Arbor, Michigan
Alamo Heights High School, San Antonio, Texas

• Principal and Agent, State of Illinois Licensed Real Estate Broker

• National Association of Securities Dealers

• Full Registration as a General Securities Representative

• Union League Club of Chicago

• The Chicago Farmers

• University of Michigan Club of Greater Chicago

Favorite Links:
• Lois M. LeMenager, Chairman and CEO, Marketing Innovators International, Inc.

• Marketing Innovators International, Inc.