Jay A. Galluzzo

Raycliff Capital LLC (Raycliff Capital) is private equity firm founded in 2002 by Bippy M. Siegal. The firm is headquartered at New York with an additional office in Miami, Florida.

SynapticMash, Inc. operates as a holding company with interest in developing online learning programs. The firm develops online technology tools for school administrators, teachers, parents, and students to enhance their learning programs. The company was founded by Ramona Pierson in 2007 and is headquartered in Seattle, WA.

Modern Services Corp. provides crowd management services. The private company is based in Fort Myers.

Raycliff Redchurch Investors LLC provides commercial real estate services .The company was incorporated in 2014 and is headquartered in New York, NY.

Raycliff QOR Investors LLC provides investment advisory services. The company was incorporated in 2013 and is headquartered in New York, NY.

Modern Asset Management LLC provides investment advice. The company was founded by Bippy M. Siegal on April 20, 2007 and is headquartered in New York, NY.

Modern Bank NA operates as a commercial wholesale bank that provides financing and banking solutions. It offers commercial and industrial lending, commercial real estate, and private client services. The company was founded by Bippy M. Siegal in 2006 and is headquartered in New York, NY.

Council on Foreign Relations, Inc. provides and disseminates ideas on foreign policies to individuals, corporate members, journalists and policy makers. It operates a forum for government officials, students and other interested parties to study and discuss world issues and impact on American foreign policies. The company publishes Foreign Affairs, a magazine that comes out six times a year, along with books and studies by its own scholars. Council on Foreign Relations was founded in 1921 and is headquartered in New York City, NY.

BigVine, Inc. operates an on-line bartering marketplace for small businesses. The company was founded by Bippy M. Siegal and is headquartered in Redwood City, CA.

Modern Financial, Inc. is engaged in providing commercial banking services. The company was founded by Stefan V. Reyniak in 2005 and is headquartered in New York, NY.

Raycliff Acquisition Corp. is a blank check company. It is seeking, via an initial business combination, to acquire a business in the financial services industry, other than businesses primarily engaged in providing asset management services. The initial business combination must have a fair market of 80% of the net assets of Raycliff Acquisition and must provide a controlling interest in the target. The company will liquidate if it has not entered into a definitive agreement to acquire a business within 24 months. RAC Investors LLC is the sponsor of Raycliff Acquisition Corp. and Raycliff Capital LLC is an affiliate. The company was organized in December 2007 and is headquartered in New York, NY.