Mr. Phillips has served as a director of our general partner since March 17, 2016. Mr. Phillips is the President and Secretary of Royal. Mr. Phillips previously ran the DKR Capital Event Driven Fund in Stamford, Connecticut and has been a lead investor in numerous energy and metals and mining projects. Mr. Phillips received his Bachelor of Arts from Brown University in 1989 and his Juris Doctor from Stanford Law School in 1992. Mr. Phillips was selected to serve as a director due to his in-depth business knowledge and investment experience.