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Ravi Munday

Vice President, Investments at PHL

Ravi Munday has a Bachelor of Commerce degree in Finance from the University of Northern British Columbia. Munday has been with PHL Capital Corp. as Vice President, Investments, and also works as a Registered Dealing Representative. Prior to this, Munday worked at TD in Commercial Banking and at Nationwide Natural Foods as a Senior Accountant. Munday has experience in managing investment teams, financial reporting, and accounting operations.

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Vancouver, Canada

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PHL

PHL Capital Corp. serves as the manager and administrator of MortEq’s lending business. As such, PHL Capital is responsible for all fund administration, accounting, mortgage origination and mortgage management of MortEq. PHL Capital is licensed under the Mortgage Brokers Act (British Columbia) and its principals have significant experience in residential and commercial real estate, investment analysis and property management. PHL Financial Group Ltd. is registered as an Exempt Market Dealer (“EMD”) in British Columbia for the purpose of offering Class A shares of MortEq Lending Corp. (“MortEq”, or “the Issuer”), being a prospectus-exempt security, to persons (individuals, corporations and other legal entities) that are relying an exemption available to them from the prospectus requirement under NI 45-106. MortEq Lending Corp. has been qualified as a Mortgage Investment Corporation (“MIC”) since May 2007 and has been solely engaged in raising capital for investment in mortgages.