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Mr. Spencer served a broad range of clients for more than 38 years at Ernst & Young LLP, including serving as coordinating partner for clients both large and small, principally in the life sciences, healthcare, manufacturing and technology industries. He began with Ernst & Young in Boston in 1962, worked in the Firm's National office in New York, served as the Managing Partner of the Providence, Rhode Island office before transferring to Atlanta in 1981, and most recently he was the Market Segment Team Leader for Ernst & Young's Life Sciences Industry Practice in the Southeast. Mr. Spencer retired from Ernst & Young in 2000. Active in Georgia's technology community, he served as president and a director of the Business and Technology Alliance ("B&TA"), was a cofounder and is treasurer of the Atlanta Venture Forum, an association of venture capital investors in the Southeast, and is the former President and a director of the Georgia Biomedical Partnership. He is also on the board of directors of BioFlorida, Inc., is a cofounder the Technology Hall of Fame of Georgia and, in January 2002, was awarded the Georgia Biomedical Partnership's First Annual award for being a principal architect of the biomedical community in Georgia. Mr. Spencer is a member of the National Association of Corporate Directors, and he serves as a member of the Board of Directors of A C Therapeutics, Inc. and is the Chair of the Audit Committee of Firstwave Technologies, Inc. (Nasdaq: FSTW). Mr. Spencer holds a Bachelor of Science degree from Syracuse University, earned a Master of Business Administration degree from Babson College and completed the Harvard Business School's Advanced Management Program. | 