Antoine Frem is Chairman of Interstate Resources, Inc. Mr. Frem is a Lebanese citizen with forty years of experience in the Packaging and Paper Board industry. He possesses a wide exposure to the Corrugated, Flexible Packaging, and Consumer products businesses, both in the United States and internationally.

Interstate Resources is an affiliate of Industrial Development Company (INDEVCO), which is headquartered in Lebanon. INDEVCO is a group of manufacturing enterprises, specializing in the manufacturing of paperboard, corrugated cartons, PE flexible packaging, and consumer disposable products. INDEVCO operates plants in Egypt, England, Lebanon, Saudi Arabia, and the United States.

Mr. Frem currently serves on the following corporate boards:

• Interstate Resources, Inc.: Board of Directors Chairman & CEO
• Lebanese American University: Board of Trustees Member & Former Chairman
• Lebanese American University Institute of Family & Entrepreneurial Business: Advisory Board Member
• Lebanese Management Association (LMA): Board of Directors Member
• YMCA: Board of Directors Member
• American Mideast Educational & Training Services (AMIDEAST), Washington, DC: Board of Directors Member
• Children's Cancer Center of Lebanon (CCCL), affiliated with St. Jude Children's Research Hospital: Board of Directors Member

Mr. Frem, who holds a BS in Chemical Engineering from Wayne State University in Detroit, Michigan, is a graduate of the Advanced Management Program at Harvard Business School.

Ron Bosrock joined the Board of Directors of Interstate Resources, Inc. in May 2009. During his business career Mr. Bosrock has traveled extensively throughout the world, assisting U.S. businesses in developing and implementing their strategic plans worldwide. As Vice President of International for H.B. Fuller, he negotiated one of the first U.S./China joint ventures and later oversaw the construction of Fuller's manufacturing plant in China.

Mr. Bosrock serves or has served on the corporate boards of several publicly and privately held companies, including:

• American Express Trust Bank: Director and Chairman of the Audit Committee
• Lifecore Biomedical, Inc.: Director and Member of Executive Committee
• Interactive Technologies, Inc.: Director
• Medical CV, Inc.: Director and Interim Chief Executive Officer
• Minnesota/U.S World Trade Center: Director and Vice Chairman

Mr. Bosrock also serves as the Honorary Consul General of Austria to the United States in Minnesota and has served in that position for the past 35 years.

Prior to joining the Board of Interstate Resources, Inc., Mr. Bosrock was appointed Professor of Management and the holder of the Myers Chair in Management at St. John's University until 2005.

Mr. Bosrock holds a Juris Doctor (JD) degree from the Detroit College of Law and is a graduate of the Stonier Graduate School of Banking at Rutgers University. He did his undergraduate studies at the University of Iowa and the University of Detroit.

In conjunction with the late Georges Frem, Founder and Chairman of Interstate Resources Inc. (IRI), Mr. Korkmaz has been involved at Interstate Resources since its inception, including the due diligence phase in late 1981 and the ensuing acquisition by INDEVCO in June 1982.

Mr. Korkmaz was President and Acting Chief Executive Officer of IRI from 1986 through 1992 and served on its Board of Directors (BOD) and as a member of the Executive Committee (EC) from 1985 until 1995.

From 2005 to present, Mr. Korkmaz has served on IRI’s BOD and EC. Moreover, since 2008, he has been the Chairman of IRI’s Audit Committee.

Mr. Korkmaz held different executive positions, mainly in Business Development, at the parent company, INDEVCO, since he joined in August 1978.

Mr. Korkmaz, throughout his long career in the industrial sector, has held many BOD or supervisory positions in various small and medium size Lebanese companies. Additionally, he was the National Director of the Industrial Modernization Program, a project sponsored and funded by the European Union to improve the performance standards of the Lebanese industrial sector.

Mr. Korkmaz assumed many consulting tasks for NGO’s including Board membership at SESOBEL, a leading nonprofit institution for assisting and caring to children with physical and mental handicaps.

Mr. Korkmaz holds an MS in Electronic and Computer Engineering from ESIB / St. Joseph University in Beirut, Lebanon. Additionally, he holds an MBA from INSEAD / European Institute of Business Administration in Fontainebleau, France.

Neemat Frem is the Chief Executive Officer (CEO) of Interstate Resources, Inc. and President and Chief Executive Officer (CEO) of Industrial Development Company (INDEVCO). Mr. Frem is responsible for managing over 30 plastic, paper, corrugated, tissue, and disposable products manufacturing plants in the Middle East, Europe, and the U.S., as well as 20 commercial companies worldwide.
Interstate Resources is an affiliate of INDEVCO, which is headquartered in Lebanon.

Mr. Frem currently serves on the following corporate boards:

• Association of Lebanese Industrialists: President
• Bader Young Entrepreneurs Program: Board Member
• Maronite Foundation in the World: Founding Member & Vice President
• Young Presidents' Organization: Board Member
• American University of Beirut (AUB) Olayan School of Business: Middle East Advisory Board Member
• L'Institut de Prospective Economique du Monde Méditerranéen (IPMED) Board Member
• Maronite League Board Member
• Centre Maronite de Documentation et de Recherche (CMDR) Board of Trustees Member

Mr. Frem holds a BS in Electrical Engineering from American University of Beirut. He has attended leadership and business seminars organized by Harvard University Business School, Georgetown University Business School, and Stanford University Business School.

Ramez Skaff was the Executive Treasurer and Director of Interstate Resources, Inc. Dr. Skaff continues his responsibility as the Executive Secretary to the Board. Dr. Skaff managed the Legal, Benefits, Treasury, and Risk Management Departments of the company. Dr. Skaff continues to provide advisory services to Shareholders and Directors.

Dr. Skaff has worked for INDEVCO Group since the early 1980’s. Before moving to Interstate Resources, he was Group Controller for the INDEVCO Saudi Joint Venture. He has 30 years of experience in the paper and packaging industry.

Before joining INDEVCO Group, Dr. Skaff held several executive positions at the World Bank. Dr. Skaff also serves on the Board of American Friends of Al Younbouh, SESOBEL, Georges N. Frem Foundation, and American Fidelity.