BOARD OF DIRECTORS

Leland Murphy is a Partner and co-founder of Trellis Partners. Prior to founding Trellis Partners, he partnered with Trellis co-founder John Long to create Dakota Venture Management Company in 1995. Mr. Murphy also serves as a Special Partner of Dallas' Southwest Enterprise Associates, where he has been a team member since 1985. Previously, Mr. Murphy organized and served as President of Republic Investment Company from 1983 to 1985. Mr. Murphy was a commercial banker with RepublicBank from 1970 to 1985. Mr. Murphy is also a Director of BetweenMarkets. He has an A.B. in Business Administration and Economics from Drury College and an M.B.A. from Indiana University.