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Lightbridge Corp (LTBR.OQ)

LTBR.OQ on NASDAQ Stock Exchange Capital Market

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Summary

Name Age Since Current Position

Thomas Graham

82 2009 Executive Chairman of the Board, Corporate Secretary

Xingping Hou

55 2016 Co-Chairman of the Board

Seth Grae

52 2006 President, Chief Executive Officer, Director

Linda Zwobota

65 2015 Chief Financial Officer

Andrey Mushakov

39 2006 Executive Vice President - International Nuclear Operations

Jon Johnson

Senior Vice President - Nuclear Regulatory Expert

Jonathan Baggett

Vice President - Program Management

Jesse Funches

Nuclear Regulatory Expert

James Malone

66 Chief Nuclear Fuel Development Officer

Aaron Totemeier

Director of Fuel Cycle Technology and Fuel Fabrication

Victor Alessi

76 2006 Independent Director

Daniel Magraw

69 2006 Independent Director

Kathleen Townsend

64 2015 Independent Director

Biographies

Name Description

Thomas Graham

Ambassador Thomas Graham, Jr., is Executive Chairman of the Board, Corporate Secretary of the Company. Ambassador Graham became a director of the Company on April 2, 2006, and chairman of the board of directors on April 4, 2006. He served as a member of the board of directors of Thorium Power, Inc., from 1997 until the merger with the Company. He is one of the world’s leading experts on nuclear non- proliferation and has served as a senior U.S. diplomat involved in the negotiation of every major international arms control and non-proliferation agreement involving the United States during the period from 1970 to 1997, including the Strategic Arms Limitations Talks (the Interim Agreement on Strategic Offensive Arms, the Anti- Ballistic Missile Treaty, and the Salt II Treaty), the Strategic Arms Reduction Talks (the Start I Treaty and the Start II Treaty), the Intermediate Nuclear Forces Treaty, the Nuclear Non- Proliferation Treaty Extension, the Conventional Armed Forces in Europe Treaty, and the Comprehensive Test Ban Treaty. In 1993, Ambassador Graham served as the Acting Director of the U.S. Arms Control and Disarmament Agency (ACDA), and for seven months in 1994 served as the Acting Deputy Director. From 1994 through 1997, he served as the Special Representative of the President of the United States for Arms Control, Non-Proliferation and Disarmament with the rank of Ambassador, and in this capacity successfully led U.S. government efforts to achieve the permanent extension of the Nuclear Non-Proliferation Treaty in 1995. He also served for 15 years as the general counsel of ACDA. Ambassador Graham worked on the negotiation of the Chemical Weapons Convention and the Biological Weapons Convention. He earned his J.D. from Harvard Law School and his bachelor’s degree from Princeton.

Xingping Hou

Mr. Xingping Hou is Co-Chairman of the Board of the Company. Mr. Hou has been Chairman of the Board, Chief Executive Officer and President of General Agriculture Corporation since July 2012. Mr. Hou has also served as the Chairman of the Board for each of General Red Industry Group Co., Ltd. and Shaanxi General Red Agricultural Development Co., Ltd. since May 2010 and October 2010, respectively. He has also served as the Chairman of the Board and President of General Red International, Inc. since November 2007. Since May 2011, Mr. Hou has served as the Chief Executive Officer, President and Chairman of General Red Holding, Inc. Mr. Hou has also served as a director of Hua Mei Investments Limited and Han Glory International Limited since April 2011. Mr. Hou serves as president of the Purchaser and was designated to serve as a member of the Company’s Board of Directors pursuant to the Purchase Agreement.

Seth Grae

Mr. Seth Grae is President, Chief Executive Officer, Director of the Company. Mr. Grae was named the Chief Executive Officer and President of the Company on March 17, 2006 and, effective April 2, 2006, became a director of the Company. Seth Grae has led the development and implementation of Lightbridge’s business efforts to develop and deploy advanced nuclear fuel technologies and to provide comprehensive advisory services based on safety, non-proliferation, and transparency for emerging commercial nuclear power programs. Mr. Grae is a member of the Civil Nuclear Trade Advisory Committee to the U.S. Secretary of Commerce and is a member of the Dean’s Advisory Council at the Washington College of Law at American University. Mr. Grae has served as a member of the Nuclear Energy Institute’s Suppliers Advisory Committee, as Vice Chair of the Governing Board of the Bulletin of the Atomic Scientists, as Co-Chair of the American Bar Association’s Arms Control and Disarmament Committee, and as a member of the Board of Directors of the Lawyers Alliance for World Security.

Linda Zwobota

Ms. Linda Joan Zwobota, CPA .,is Chief Financial Officer of Company. She is after having served as interim Chief Financial Officer since November 2014. Prior to that appointment, Ms. Zwobota served as the Company’s Controller, a position she held since October 2009, when she joined the Company. From May 2000 until October 2009, Ms. Zwobota held the position of Associate at Resources Global Professionals (“RGP”), a consulting firm, where she provided RGP clients with a broad range of services, including accounting, regulatory reporting, internal audit, and IT system support. Prior to joining RGP, from 1999 to May 2000, Ms. Zwobota held the position of Senior Internal Auditor for BAA, USA, Inc., a subsidiary of BAA plc, a developer and manager of retail, food and beverage concessions at airports. Ms. Zwobota performed high-level, risk-based audits of BAA plc’s investments in North America, including World Duty Free Americas, World Duty Free Inflight, airport and retail operations, and development activities. Prior to joining BAA, USA, Inc., from 1997 through 1999, Ms. Zwobota was the Revenue Accounting Manager for World Duty Free, another BAA plc company with global operations, sales of $43 million denominated in 54 different currencies worldwide, servicing 23 airline concessions, at 31 stations in 18 countries. From 1992-1997, Ms. Zwobota worked at a subsidiary of Wartsila, a global power solutions company, as a Senior Accountant and as the Assistant Treasurer. Ms. Zwobota earned a Bachelors Degree from the University of Maryland, College Park. She has been a certified public accountant since November 1991 and a Certified Internal Auditor (CIA®) since May 1999.

Andrey Mushakov

Dr. Andrey Mushakov is Executive Vice President - International Nuclear Operations of the Company. Dr. Mushakov oversees the nuclear fuel technology division of Lightbridge Corporation and is an expert in cost modeling and the economics of the nuclear fuel cycle. He has been with Lightbridge since 2000, and in 2006 he was named executive vice president for international nuclear operations. In 2009, Dr. Mushakov led Lightbridge’s efforts to establish its Russian Branch Office in Moscow and oversaw its successful operation from 2009 to 2014 when Lightbridge made a decision to move its critical path fuel development and demonstration activities out of Russia due to increased political risk. Since mid-2014, Dr. Mushakov has been spearheading an effort within Lightbridge to establish cooperation agreements with Canadian Nuclear Laboratories in Canada, and more recently, with the Institute for Energy Technology in Norway to enable successful execution of fuel sample fabrication and irradiation work according to our schedule.He earned a Ph.D. in economics from St. Petersburg State University of Economics and Finance, an M.S. degree in management from Hult International Business School, and a B.S. degree in banking and finance from the Financial University under the Government of the Russian Federation.

Jon Johnson

Mr. Jon Johnson is Senior Vice President - Nuclear Regulatory Expert of Lightbridge Corporation, He Jon Johnson, a former senior executive with the U.S. Nuclear Regulatory Commission, is one of the foremost authorities on the licensing, safety, and regulation of nuclear power plants; he has been with Lightbridge Corporation since 2008. Regulatory agencies around the world have looked to Mr. Johnson for advice on reactor safety design, operation, and oversight matters, including the United Arab Emirates’ Federal Authority for Nuclear Regulation, the Canadian Nuclear Safety Commission, and the Japanese Nuclear Safety Institute. As deputy director of the NRC’s Office of Nuclear Reactor Regulation, Mr. Johnson helped manage personnel across several departments, including inspection, licensing, assessment, and event response at all 104 commercial and 26 research nuclear reactor facilities in the United States. Earlier in his career, Mr. Johnson was a deputy regional administrator, branch chief, and senior inspector for the NRC. He was the NRC’s principal liaison to other countries’ nuclear regulatory agencies and was past chair of the NRC’s License Renewal Steering Committee; he also has performed nuclear safety assessments at several Department of Energy facilities in the United States. Mr. Johnson has been a featured speaker at IAEA workshops in Europe on topics including regulatory strategy and technical support, to the OECD on regulatory practices, and he has provided consulting to senior U.S. utility executives regarding reactor safety and performance. Mr. Johnson joined the NRC after serving nearly ten years in the U.S. Navy, where he was a nuclear-trained officer who directed dual-reactor plant operations at sea. Mr. Johnson earned a bachelor’s degree, with distinction, in physics from the U.S. Naval Academy and a master’s degree in nuclear engineering from the University of Virginia.

Jonathan Baggett

Mr. Jonathan Baggett is Vice President - Program Management of the Company. Jonathan Baggett is an expert in systems analysis, product design, program planning, and project management. A certified Project Management Professional, he joined Lightbridge in 2007, supporting clients’ new build nuclear power programs and Lightbridge’s nuclear quality assurance program. From 2007-2008, Mr. Baggett was based in Abu Dhabi much of the time, serving as a project manager for the technology selection and procurement aspects of the Company’s Roadmap for Success, the strategic plan for development of the commercial nuclear energy program of the United Arab Emirates, including construction the 4-unit nuclear power complex at Barakah. As the Lightbridge project manager, he had ongoing involvement in all areas of the UAE nuclear power program, including supporting major procurements, infrastructure assessment, program management, risk management, systems integration planning, program performance assessments, corporate business planning, and operational readiness. Mr. Baggett periodically supports updates to portions of the Roadmap. His support in 2014-2015 based in the South Korea office of Emirates Nuclear Energy Corporation (ENEC) included strategic analysis, and oversight of material management and quality assurance. Mr. Baggett’s work for Lightbridge advising the Cooperation Council for the Arab States of the Gulf (GCC) in 2011 led to the identification of regional civil nuclear power cooperation projects within the six GCC member states. He also supported policy analysis, program planning, and feasibility assessments for the State of Kuwait in 2011. Mr. Baggett also benchmarks industry best practices for several clients. Mr. Baggett earned a bachelor of science degree in aerospace engineering at Georgia Institute of Technology and a masters degree in systems engineering at the University of Virginia.

Jesse Funches

Mr. Jesse Funches is Nuclear Regulatory Expert of the Company. He is former chief financial officer for the U.S. Nuclear Regulatory Commission, is a world-leading authority on how to operate a capable and cost-effective nuclear oversight agency. His unique skill set combines years of successful financial management with a comprehensive knowledge of nuclear regulatory policies and processes. Mr. Funches played a key role in the establishment of the Federal Authority for Nuclear Regulation, the independent body tasked with regulating and licensing all nuclear energy activities within the United Arab Emirates. Mr. Funches, who has been with Lightbridge Corporation since 2008, has more than three decades of regulatory experience, including ten years as CFO of the NRC. In that capacity, Mr. Funches liaised directly with Congress and the Office of Management and Budget on financial and regulatory program issues and oversawall aspects of agency-wide budgeting, performance evaluation, and strategic planning. Mr. Funches also managed program, policy, and analysis staffs, and he worked closely with the agency’s chairman, commissioners, and program managers to license new power reactors. Mr. Funches was also an active member of the Federal Chief Financial Officers Council, a collective of senior-level officials working to improve government-wide financial issues. In addition to winning the 2004 Donald L. Scantlebury Memorial Award (the federal government’s highest award for excellence in financial management), Mr. Funches is a three-time recipient of the Presidential Rank Award for Meritorious Senior Executives and a two-time winner of the NRC’s Distinguished Service Award. Mr. Funches received a bachelor’s degree in mathematics from Jackson State University, a master’s degree in applied mathematics from the University of Illinois, and a master’s degree in business administration from Loyola College.

James Malone

Mr. James Patrick Malone is Chief Nuclear Fuel Development Officer of the Company. James Malone has more than four decades of high-level experience in the nuclear industry, including extensive experience in all aspects of fuel procurement and management. In late 2009, Mr. Malone retired after a decade with Exelon Generation Company, where as vice president of Nuclear Fuels he provided strategic direction and tactical guidance for Exelon’s nuclear fuel cycle activities. He was responsible for procurement (uranium, conversion, enrichment, and fuel fabrication) for seventeen operating nuclear reactors—PWRs and BWRs—and his expertise guided the management of used fuel. Mr. Malone’s responsibilities also included special nuclear material accounting and safeguards, economics, and fuel cycle costs. Under Mr. Malone’s supervision, the Nuclear Fuels department provided reload bundle and core design, safety analysis, and plant technical support, including fuel reliability, component procurement strategy, and decommissioning strategy.Mr. Malone is a member of the American Nuclear Society and past chairman of its Fuel Cycle Waste Management Division. He is also a member of the member of the World Nuclear Association’s Fuel Cycle Members’ Forum. Mr. Malone holds a bachelor’s degree in chemical engineering (nuclear) from Manhattan College and an MBA from Iona College, where he was awarded the Graduate School of Business Award for Academic Excellence.

Aaron Totemeier

Mr. Aaron Totemeier is Director of Fuel Cycle Technology and Fuel Fabrication of the Company. Aaron Totemeier is an expert in nuclear fuel technologies, radiation damage, and the nuclear fuel cycle. He joined Lightbridge in 2008 as a nuclear engineer and soon became an integral member of the fuel technology development team. Mr. Totemeier was involved in many aspects of Lightbridge’s thorium seed and blanket fuel technology development and evaluating its deployment in the existing light water reactor infrastructure. In 2010 Mr. Totemeier became the Director of Fuel Cycle Technology & Fuel Fabrication for Lightbridge, leading the technology development for Lightbridge's advanced metallic fuel for power uprates and cycle length extension. In this role, Mr. Totemeier provides technical oversight and direction for Lightbridge’s research and development activities including coordination with partner entities and management of technical consultants. Mr. Totemeier provides strategic advice on nuclear power projects for Lightbridge and its partners, including technology evaluation, development, and regulatory compliance. Prior to joining Lightbridge, Mr. Totemeier was a laboratory manager at the Fuel Cycle & Materials Laboratory at Texas A&M University, a leading nuclear fuel cycle experimental facility. While there, Mr. Totemeier worked with many nuclear fuel cycle research projects including the development of fabrication technologies for advanced metallic nuclear fuels via extrusion. Mr. Totemeier earned bachelor of science and master of science degrees in nuclear engineering at Purdue University and earned a PhD degree in nuclear engineering at Texas A&M University.

Victor Alessi

Dr. Victor E. Alessi is an Independent Director of the Company. Dr. Alessi, who holds a Ph.D. in nuclear physics, is President Emeritus of the United States Industry Coalition (“USIC”), an organization dedicated to facilitating the commercialization of technologies of the New Independent States (“NIS”) of the former Soviet Union through cooperation with its members. He has held such position since August 1, 2006. Prior to becoming President Emeritus, Dr. Alessi held the positions of CEO and President of USIC since 1999. Previously, he was President of DynMeridian, a subsidiary of DynCorp, specializing in arms control, non-proliferation, and international security affairs. Before joining DynMeridian in early 1996, Dr. Alessi was the Executive Assistant to the Director, U.S. Arms Control and Disarmament Agency (“ACDA”). At ACDA he resolved inter-bureau disputes, and advised the director on all arms control and non-proliferation issues. Dr. Alessi participated in U.S. efforts that led to successful conclusion of the Intermediate Nuclear Forces (INF), Conventional Forces in Europe, Threshold Test Ban, Peaceful Nuclear Explosions, Open Skies, Strategic Arms Reductions Talks Treaties and the Chemical Weapons Convention. In this role, he was instrumental in implementing the U.S. unilateral nuclear initiative in 1991 and was a member of the U.S. delegation discussing nuclear disarmament with Russia and other states of the former Soviet Union. Dr. Alessi served as the U.S. board member to the International Science and and Technology Center in Moscow since its founding in 1992 until 2011. He is also the former U.S. board member to the Science and Technology Center in Ukraine. Dr. Alessi is a 1963 graduate of Fordham University, where he also earned a licentiate in Philosophy( Ph.L.) in 1964. He studied nuclear physics at Georgetown University, receiving his M.S. in 1968 and Ph.D. in 1969. 8

Daniel Magraw

Mr. Daniel Barstow Magraw, Jr., is an Independent Director of the Company. human rights. Mr. Magraw is a Senior Fellow and Professorial Lecturer at the Foreign Policy Institute at Johns Hopkins School of Advanced International Studies (SAIS) and President Emeritus of the Center for International Environmental Law (CIEL). Mr. Magraw was the President and CEO of CIEL from 2002- 2010. From 1992-2001, he was Director of the International Environmental Law Office of the U.S. Environmental Protection Agency, during which time he also served at the White House (2000-2001) and as Acting Assistant Administrator of the EPA’s Office of International Activities. He was a member of the Trade and Environment Policy Advisory Committee to theOffice of the U.S. Trade Representative (TEPAC) from 2002-2010, chairs the American Bar Association (ABA) Section of International Law’s Task Force on Magna Carta, serves as a consultant to the United Nations, was a member of the U.S. Department of State Study Group on International Business Transactions, and was Chair of the 15,000-member Section of International Law and Practice of the ABA. He practiced international law, constitutional law, and bankruptcy law at Covington & Burling in Washington, DC from 1978-1983. Mr. Magraw is a widely-published author in the field of international law and has received many awards. He graduated from Harvard University with High Honors in Economics, where he was student body president, andfrom the University of California, Berkeley Law School, where he was Editor-in-Chief of the Law Review. Whileworking as an economist for the Peace Corps in India from 1968 to 1972, Mr. Magraw helped develop and managed the largest and most successful cooperative of its type (wholesale, retail, furniture manufacturing and food processing) in India. In 1996, Mr. Magraw became a member of the board of directors of Thorium Power, Inc., which is now a wholly-owned subsidiary of the Company.

Kathleen Townsend

Hon. Kathleen Kennedy Townsend is an Independent Director of the Company. Ms. Townsend has a long history of accomplishment in the public arena, and for the last decade in the private sector. She has been a Managing Director at the Rock Creek Group, an investment management company, since 2007. Ms. Townsend also serves on the board of directors for the Pension Rights Center (a nonprofit consumer advocacy organization), NewTower Trust Company (a non-depository trust company that provides fiduciary and trustee services to the Multi-Employer Property Trust (MEPT), an open-end commingled real estate equity fund), and CanAlaska Uranium Ltd. (TSX: CVV) (a Canadian uranium exploration company). As the State of Maryland’s first woman Lt. Governor, Ms. Townsend was in charge of a multimillion dollar budget and had oversight of major cabinet departments, including Economic Development and Transportation, State Police, Public Safety and Correction and Juvenile Justice. Prior to being elected Lt. Governor, Ms. Townsend served as Deputy Assistant Attorney General of the United States.