Mr. Morgan R. Brown, MBA, CPA, has been the Chief Financial Officer and Executive Vice President at Lipocine Inc. since September 15, 2013 and serves its Corporate Secretary. Mr. Brown served as the Chief Financial Officer, Principal Accounting Officer and Principal Accounting Officer of Innovus Pharmaceuticals, Inc., from May 30, 2013 to September 22, 2013. He served as an Interim Principal Executive Officer of World Heart Corp. from April 21, 2012 to August 2, 2012 and its Chief Financial Officer, Secretary and Executive Vice President from August 10, 2009 to August 2, 2012 and also served as its Principal Accounting Officer until August 2, 2012. He served as the Chief Financial Officer and Senior Vice President of Lifetree Clinical Research, L.C. since 2008. While at Lifetree Clinical Research, he oversaw the accounting, finance, human resource, facility and information technology departments. Mr. Brown served as Vice President of Finance at NPS Pharmaceuticals, Inc. from October 2003 to 2008 and also served as its Treasurer since October 2003. From 1993 to June 2000, he served at KPMG LLP as a Senior Manager. He has over 16 years of experience. He managed multiple audit engagements, servicing private and publicly owned clients focusing on the financial services line of business. He also performed extensive research of complex business, accounting and finance issues. Mr. Brown participated in and was a critical member of the financing team for numerous financings including private and public equity offerings, convertible debt issuances and secured financings, as well as a tender offer for the repurchase of outstanding convertible debt. In addition, he participated in NPS??? merger and acquisition activities. He serves as Vice President of the Utah Chapter of the National Association of Stock Plan Professionals, a member of the American Institute of Certified Public Accountants and a member of the Utah Association of Certified Public Accountants. Mr. Brown received an M.B.A. from the University of Utah and a B.S. in Accounting from Utah State University. He is a licensed Certified Public Accountant in Utah.