Independent Director Director since 2007 Age 72 Career Highlights Senior Vice President and Treasurer, Finance, and Administration of Rochester Institute of Technology ( RIT ) since 1997. Vice Chairman of RIT s global subsidiary, where he negotiates business models and real estate transactions for RIT s global campuses. Various roles at the University of Pittsburgh from 1981 through 1997, including Assistant Vice Chancellor for Finance and Business and Assistant Vice Chancellor for Real Estate and Management. Service on various profit and nonprofit boards throughout Rochester, New York, including Canandaigua National Corporation. Dr. Watters holds a B.S., M.S., and Ph.D. from the University of Pittsburgh. Committee Membership(s) Compensation Nominating and Corporate Governance Qualifications We believe that Mr. Watters extensive financial and business experience, leadership skills, and experience in strategic planning are of great benefit to the Board of Directors and the Company. Further, Mr. Watters tenure on the Board of Directors since the Company s inception provides institutional knowledge and insights that are invaluable to the Board of Directors and the Company. Other Current Public Directorships None Other Public Directorships (Past 5 Years) None