DIRECTORS OF NEVIS ENGINE COMPANY LTD Raffaele Maggio (62) is Chairman and President of NEVIS Engine Company Ltd. as well as an advisor of Strempel & Partners Srl. Mr. Maggio has in-depth automotive sector expertise having previously headed FIAT’s financial relations with governmental agencies. His career with FIAT spanned over 30 years through early 2006. Mr. Maggio began his career with FIAT in 1973 within its finance department and in 1980 led the creation of a unit specialised in attracting government incentives, ultimately becoming Vice President. In this role he was responsible for identifying within the FIAT Group those entities and projects best suited for receiving incentives. Managing the entire incentive process from start to finish - within FIAT as well as the respective financial institutions and governmental entities (regional, national and EU) - he played a determining role in the substantial funding the FIAT Group received from these sources during his tenure. Cesare Bortone (45) a self – taught engineer and the inventor of the NEVIS engine began his interest in mechanical devices as a young teenager involved in the family firm which was a subcontractor for FIAT. After working in fields unrelated to automotive mechanics in 1987 he took the decision to dedicate himself to the full-time the study of endothermic engines. This included a two-year period of research at the Italian Patent Office in Rome studying the state-of-the-art of internal combustion engines. This self-funded full time study was to last four years and resulted in his first patent and the beginning of the first phase of development of the NEVIS engine (see the section NEVIS Engine Company – History). Cesare Bortone was the project manager for the two projects furthering the development of the NEVIS technology which received over €2.5 million in Italian government funding. Also, during this time he furthered his practical engineering skills having worked with EPA Engineering in Italy (race engine tuner: Formula 1, 3 and DTM ) and Zolder & Zolder Precision Machine Labs in the United States (NASA supplier). David Strempel (47) is President of Strempel & Partners Srl and has worked for and advised some of the world’s leading multinationals both in Europe and the United States and has a long history of experience with small & medium-sized capital transactions. Before founding Strempel & Partners, he was Co-owner and Managing Director of Informed Sources Ltd., a high-level corporate strategy firm sold in 2002 to Mercer Management Consulting (part of the Marsh & McLennan Group). He joined Informed Sources from America Online (AOL) in the UK where he was head of finance and operations. Prior to AOL, he worked five years for Bertelsmann during which time he helped launch and run BMG’s video games division (later merged with Take 2 Interactive) and was head of strategy for BMG International. Mr. Strempel is a qualified accountant (CPA) and began his career in 1982 with KPMG in Frankfurt. He later joined Price Waterhouse working as a Manager both in their Milan and New York offices. Following Price Waterhouse, he joined AWT, Inc. (Veolia Environnement) as Group Controller.