Patrick A. Duncan – Managing Partner Patd@azaleacapital.com Mr. Duncan co-founded Azalea Capital, LLC in 1995. Mr. Duncan has extensive middle market relationships throughout the Southeast and has broad experience in mergers and acquisitions, equity and debt placements, corporate finance, marketing and strategic planning. He is a frequent guest lecturer for professional groups, as well as regional colleges and universities and is actively involved in all Azalea investment activities. Mr. Duncan currently serves on the Board of Directors of ISO Poly Films, Inc., Spartan Foods of America, Bumper2Bumper Media, Inc., and Master Packaging, Inc. He is a member of the Board of Visitors, as well as the Advisory Board of the College of Business and Behavorial Science at Clemson University. He is also active in several civic and social organizations in the local community. Immediately prior to forming Azalea Capital, Mr. Duncan served as the Chief Financial Officer and a Director of Kent Manufacturing Company. Prior to Kent, he held numerous positions with First Union National Bank, most recently as Senior Vice President and Group Manager of the Corporate Banking Group in South Carolina. Mr. Duncan also headed the Credit and Investment Committee of a publicly funded Small Business Investment Company in the state of Georgia from 1988 to 1990. Mr. Duncan is a South Carolina native and received both his B.A. (1982) and M.A. (1984) degrees in Economics from Clemson University.