Mr. Howard M. Lorber has been the Chief Executive Officer and President of Vector Group Ltd. (Vector Group Inc.) since January 2006 and January 2001 respectively. Mr. Lorber has been Chief Executive Officer New Valley LLC since December 2005 and its President & Chief Operating Officer since November 1994. He has been a Consultant of Hallman & Lorber Associates Inc. since January 2005. He has more than 25 years of experience serving on the board of a restaurant and real estate company. He joined Vector Group in 1994 and was actively involved in the management of all of Vector's assets. He served as the Chief Operating Officer at Vector 2006. He served as the President and Chief Operating Officer of New Valley Corporation from November 1994 to December 2005. He also served as Chief Operating Officer of VGR Holding, Inc. from January 2001 to January 1, 2007 and served as its President since January 2001. He served at PLM Equipment Growth Fund and Miami Subs Corporation. He served as Chief Operating Officer of Vector Group Ltd. from January 2001 to January 1, 2006. He served as Chief Executive Officer of Nathan's Famous, Inc. from November 1993 to December 2006. He has been an Executive Chairman of the Board at Nathan's Famous, Inc. since January 01, 2007. He serves as the Chairman of Open Acquisition Corp. and Prudential Douglas Elliman Real Estate Inc. Mr. Lorber serves as Chairman of Douglas Elliman, LLC., Douglas Elliman Realty, LLC. Mr. Lorber served as Chairman of Hallman & Lorber Associates Inc., from 1975 to December 2004. He served as Chairman of the Board of Morgans Hotel Group Co. from May 2015 to November 30, 2016 and as its Independent Director from March 15, 2015 to November 30, 2016. He served as the Chairman of Board of Directors of Ladenburg Thalmann Financial Services Inc., a subsidiary of New Valley Corp. from May 2001 to July 14, 2006. He served as the Chairman of the Board of Nathan's Famous, Inc. from 1990 to January 1, 2007. He has been the Vice Chairman at Ladenburg Thalmann Financial Services Inc. since July 14, 2006. He has been an Independent Director of United Capital Corp. since May 1991. He serves as a Director of Clipper Realty Inc. and Open Acquisition Corp. He has been a Director of SP Acquisition Holdings, Inc. since June 2007, New Valley LLC since January 1991, Vector Group Ltd. since January 2001, Nathan's Famous, Inc. since 1987, PLM International, Inc., since January 1999 and Ladenburg Thalmann Financial Services Inc. since 2001. He serves as a Trustee of Long Island University and Babson College. He has been a registered representative of Aegis Capital Corp., since 1984. He served as a Director of VGR Holding Inc. since January 2001; Alpine Lace Brands, Inc., since September 1993; Prime Hospitality Corp., from May 1994 to November 2004; Borders Group, Inc., since May 21, 2010 and New Valley Corp., since November 1991. Mr. Lorber holds a Bachelors of Arts, a Master's of Science Degree in Taxation and an Honorary Doctorate from Long Island University.