Frederick W. Steiner

cars4U Ltd. provides automobile dealership services. It offers consumers in Southern Ontario a choice of buying through its new car dealership, or leasing company, or through buy or lease a new car on line services. The company is headquartered in Toronto, Canada.

Chesswood Income Fund provides equipment leasing services. The Company operates in two segments, namely, Automotive Operations and Equipments leasing. These two reporting segments are in separate geographic locations; the automotive operations are located in Canada and the equipment leasing is located in the United States. Chesswood Income Fund is an unincorporated, open-ended, limited purpose trust established under the laws of the Province of Ontario pursuant to a declaration of trust. The Fund was created to indirectly acquire (i) all of the shares in Pawnee Leasing Corporation (“Pawnee”), a Colorado company, and (ii) all of the shares of cars4U Ltd., pursuant to a plan of arrangement under the Business Corporations Act (Ontario). Through its interest in Pawnee, the Fund is involved in the business of micro and small-ticket equipment leasing to small businesses in the start-up and “B” credit market in the lower 48 states of the United States. Through its interest in Sherway LP, the Fund is involved in selling, servicing and leasing Acura automobiles, in the Province of Ontario. Through its interest in Lease-Win Limited (“Lease- Win”), the Fund has a portfolio of automobile leases under administration.

Chesswood Income Fund provides equipment leasing services. The Company operates in two segments, namely, Automotive Operations and Equipments leasing. These two reporting segments are in separate geographic locations; the automotive operations are located in Canada and the equipment leasing is located in the United States. Chesswood Income Fund is an unincorporated, open-ended, limited purpose trust established under the laws of the Province of Ontario pursuant to a declaration of trust. The Fund was created to indirectly acquire (i) all of the shares in Pawnee Leasing Corporation (“Pawnee”), a Colorado company, and (ii) all of the shares of cars4U Ltd., pursuant to a plan of arrangement under the Business Corporations Act (Ontario). Through its interest in Pawnee, the Fund is involved in the business of micro and small-ticket equipment leasing to small businesses in the start-up and “B” credit market in the lower 48 states of the United States. Through its interest in Sherway LP, the Fund is involved in selling, servicing and leasing Acura automobiles, in the Province of Ontario. Through its interest in Lease-Win Limited (“Lease- Win”), the Fund has a portfolio of automobile leases under administration.

cars4U Ltd. provides automobile dealership services. It offers consumers in Southern Ontario a choice of buying through its new car dealership, or leasing company, or through buy or lease a new car on line services. The company is headquartered in Toronto, Canada.

Chesswood Income Fund provides equipment leasing services. The Company operates in two segments, namely, Automotive Operations and Equipments leasing. These two reporting segments are in separate geographic locations; the automotive operations are located in Canada and the equipment leasing is located in the United States. Chesswood Income Fund is an unincorporated, open-ended, limited purpose trust established under the laws of the Province of Ontario pursuant to a declaration of trust. The Fund was created to indirectly acquire (i) all of the shares in Pawnee Leasing Corporation (“Pawnee”), a Colorado company, and (ii) all of the shares of cars4U Ltd., pursuant to a plan of arrangement under the Business Corporations Act (Ontario). Through its interest in Pawnee, the Fund is involved in the business of micro and small-ticket equipment leasing to small businesses in the start-up and “B” credit market in the lower 48 states of the United States. Through its interest in Sherway LP, the Fund is involved in selling, servicing and leasing Acura automobiles, in the Province of Ontario. Through its interest in Lease-Win Limited (“Lease- Win”), the Fund has a portfolio of automobile leases under administration.