Richard Masson is a Member of Oaktree’s Board of Directors. Previously, he was a co-founder and Principal of Oaktree, where he was responsible for the oversight of both the Japan Opportunities and High Yield Plus strategies. He was also involved in the management of Oaktree’s Distressed Debt strategy, where he served as the head of analysis from 1995 to 2003. Prior thereto, he was Managing Director of TCW and its affiliate, TCW Asset Management Company, and head of the Special Credits Analytical Group. Prior to joining TCW in 1988, Mr. Masson worked for three years at Houlihan, Lokey, Howard and Zukin, Inc., where he was responsible for the valuation and analysis of securities and businesses. Prior to Houlihan, Mr. Masson was a Senior Accountant with the Comprehensive Professional Services Group at Price Waterhouse in Los Angeles. Mr. Masson holds a B.S. degree in Business Administration from the University of California at Berkeley and an M.B.A. in Finance from the University of California at Los Angeles. He is a Certified Public Accountant.