EXECUTIVES

Payam Pedram is a founding member of Ascendant.  He is registered with the CFTC as an associated person; and he is an NFA Associate.  Mr. Pedram is also registered with the California Department of Corporations as an Investment Adviser Representative.  Prior to founding Ascendant, Mr. Pedram was the president from August 2001 through June 2005 of PPedram.com, a computer services consulting firm that he founded.  Prior to founding PPedram.com, Mr. Pedram was a Network Administrator for IMI Industrial Management Institute from January 1998 through August 2001.

Steven P. Paolillo joined Ascendantas a principal in November 2005.  He is registered with the CFTC as an associated person; and he is an NFA Associate. Mr. Paolillo is also registered with the California Department of Corporations as an Investment Adviser Representative.  Prior to joining Ascendant, Mr. Paolillo was a General Securities Representative and the Chief Compliance Officer of NewPoint Securities, LLC from January 2004 through November 2005.  Before joining NewPoint Securities, Mr. Paolillo was a Financial Advisor at H&R Block Financial Advisors from February 2003 through December 2003 and a Registered Representative at JB Oxford & Company from July 1997 through January 2003.