On October 1, 2014, Western Capital Resources, Inc. acquired the business of AlphaGraphics, Inc., by completing a merger transaction. On October 1, 2014, and in connection with the merger transaction, Angel Donchev and Thomas Ripley resigned from their positions as directors of Western Capital. On that same day, the Board of Directors of Western Capital appointed Gay A. Burke and Lawrence S. Berger to the board vacancies created by the resignations of Messrs.

Donchev and Ripley. The appointments of Gay A. Burke and Lawrence S. Burger occurred at the direction of BC Alpha Holdings II, consistent with certain director-appointment rights granted to that company in the Merger Agreement. Mr. Berger, age 43, has served as the Managing Director of Investments for Blackstreet Capital Management, LLC since 2006.

Ms. Burke, age 60, began her professional career as an attorney, focusing on transactional taxation, business law and mergers and acquisitions in a variety of industries including telecommunications, oil and gas and real estate. Currently, Ms. Burke serves as Chair of the Board and Interim President of AlphaGraphics, Inc., Chair of the Board and President of J&P Park Acquisitions, Inc., Chair of the Board and President of Restorers Acquisition, Inc. and is a member of the Board of Directors of Scrubs AC, Inc. and Spencer N. Enterprises.