David Stefansky
Chairman of the Board of Directors

David Stefansky has been a principal of Harborview Advisors, LLC since 2004, the
investment manager for Harborview Master Fund, L.P. and Harborview Value Master
Fund, L.P. Harborview Master Fund, L.P. and Harborview Value Master Fund, L.P. are two
investment funds focused primarily on investing in emerging growth public companies and
private companies seeking to go public. Mr. Stefansky has taken an active role in structuring
investments for each of Harborview Master Fund, L.P. and Harborview Value Master Fund, L.P.
and regularly works with portfolio companies to help them grow and create shareholder value.
Prior to forming Harborview Advisors, LLC, Mr. Stefansky held senior positions at several
middle market investment banks in New York, where he raised more than $250 million for
emerging growth companies.

Joseph Sierchio, Esq.
Member, Board of Directors

Joseph Sierchio practiced corporate and securities law in New York City, representing and offering counsel to domestic and foreign corporations, investors, entrepreneurs, and public and private companies in the United States, Canada, United Kingdom, Germany, Italy, Switzerland, Australia, and Hong Kong since 1975. Mr. Sierchio is admitted in all New York state courts and federal courts in the Eastern, Northern, and Southern Districts of the State of New York as well as the federal Court of Appeals for the Second Circuit. Mr. Sierchio is also a member of Sierchio & Company, LLP, counsel to the Company.

Richard Rosenblum
Member, Board of Directors

Richard Rosenblum is President of Alliqua. He has been an active and productive force in the small and mid cap markets for over 16 years, advising, strategizing and raising over $500 million for both private and public companies during that time span. Among his other roles, Mr. Rosenblum has been a principal of Harborview Advisors since its inception. He previously was a Managing Director of Investment Banking for vFinance, Inc., a middle market investment banking and brokerage organization.

Joseph M. Leone
Member, Board of Directors - Audit Committee chairman and Nominating Committee

Joseph M. Leone is a nationally recognized expert in commercial lending to the small and midsize business (SMB) market. Mr. Leone spent more than 24 years with CIT Group, one of the nation’s largest SMB lenders, and held several senior-level positions at CIT, including Vice Chairman and Chief Financial Officer. Mr. Leone is a graduate of Baruch College (BBA in Accounting) and the Advanced Management Program at Harvard Business School.

Michael Goldberg
Member, Board of Directors - Compensation Committee

Michael Goldberg, M.D. is currently a managing partner at the investment firm Montaur Capital Partners. Previously, Dr. Goldberg was Chairman and CEO of Emisphere Technologies, Inc., a biopharmaceutical company, and Vice President for The First Boston Corporation, where he was a founding member of the Healthcare Banking Group. He received a B.S. from Rensselaer Polytechnic Institute, an M.D. from Albany Medical College of Union University and an M.B.A. from Columbia University Graduate School of Business.

Nochum Stein
Member, Board of Directors - Nominating Committee

Nochum Stein currently serves as Chairman and CEO of American European Group (AEG), a New York-based insurance holding company focusing on writing small to mid-size insurance accounts. At AEG, Mr. Stein has also overseen several multi-million dollar mergers and acquisitions and is an active investor in various ventures.

Kenneth Pearsen
Member, Board of Directors - Nominating Committee

Kenneth Pearsen, M.D. is currently the CEO of Western New York Radiology Associates. He is also the Chief of Radiology at Buffalo General Hospital, Chief of Service for Radiology Kaleida Health Care System and the CEO of Imaging Radiology Associates. Dr. Pearsen graduated summa cum laude from the University of Pennsylvania and received his M.D. from Columbia College of Physicians & Surgeons in New York.

Jeffrey Sklar
Member, Board of Directors - Audit Committee and Compensation Commitee

Jeffrey Sklar is the managing partner of Sklar, Heyman and Company LLP, a regional accounting firm, where he oversees the industry specialization team for non-bank financial institutions, as well as forensic and investigative auditing services. In addition to being a Certified Public Accountant (CPA), Mr. Sklar is a Certified Anti-Money Laundering Specialist (CAMS), a Certified Fraud Specialist (CFS) and Certified in Financial Forensics (CFF) by the American Institute of CPAs.