ABOUT MR. LAPIN

Michael L. Lapin received his BA and JD degrees from the University of Illinois. Thereafter he served in the United States Army, leaving active duty as a Captain and Assistant Staff Judge Advocate.

He has practiced law in the states of California and Illinois, and he has owned and managed as a general partner more than 1.5 million square feet of retail and commercial property over the past 30 years. His numerous responsibilities included operational oversight of all properties, negotiation of leases, management of on-site staff, negotiations with lenders and interface with all pertinent political authorities.

In Spring of 1999 Mr. Lapin was retained as manager of Orange County MCAS El Toro Master Development Program, this immense project was undertaken by the County to evaluate the acquisition of the large Marine air station at El Toro for use as a commercial airport. The approximate annual budget overseen by Mr. Lapin was $10 million. This position involved the supervision of County planning staff, consulting companies, attorneys, as well as the interfacing with federal agencies, including Dept. of Defense, Navy, Marine Corps, FAA and HUD.

He was a member of the Orange County Airport Commission for 12 years, having twice served as its chairman. He also served as chairman of the Orange County Public Financing Advisory Committee.

Mr. Lapin has been active as a leader and member in many community and charitable efforts, as well as various political organizations in Orange County. He was appointed to the Board of Directors of the Orange County Jewish Federation, and has received a commendation from the Orange County Board of Supervisors for his work as president of the Orange County Chapter of the American Jewish Committee. Also, Mr. Lapin is a recipient of the Humanitarian of the Year Award from the Orange County division of the National Conference of Christians and Jews.

He is married to Judi A. Lapin; they have two married sons residing in California.

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