Norm Metcalfe

Mr. Metcalfe is currently the Chairman of Tejon Ranch Company (NYSE: TRC), is one of the largest private landowners in California, whose principal business is real estate and land development. Prior to Tejon Ranch Company, he served as Director of several public companies including most recently CalAtlantic Homes & Ryland Homes.

Additionally, he has served as CFO & Vice Chairman of the Irvine Company, former CIO of SunAmerica Investments & former CFO & Director of KB Home.

Mr. Metcalfe has been an advisor to Balmoral and investor in all the transactions since the founding in 2005. He was a board member of the prior investment in Vesta Modular and is currently on the board of Balmoral’s portfolio company, Dispatch Transportation.