Lorne Borgal
President

Mr. Borgal is the President of 20|20 Investment Inc. In his role as President, Mr. Borgal is responsible for developing the overall strategy of the business, as well as engaging key resources, budgeting, developing the timing for each offering and the overall performance of these offerings.
Mr. Borgal is the President and Chief Operating Officer of the 20|20 Group of Companies (20|20), which consists of three business units including 20|20 Properties Inc., 20|20 Resorts Inc. and 20|20 Investments Inc. Mr. Borgal is responsible for all of the day-to-day operations of 20|20, including all business units, with real estate projects located in Canada, the United States and Mexico. He is also responsible for developing the overall strategy and direction of the business, in addition to key business negotiations, budgeting and performance. Since joining the company in 2005, Mr. Borgal has been instrumental in the acquisition of ten multifamily properties totaling 1,678 residential units with a retail value in excess of $300,000,000. These assets range in size from 49 to 360 units that are located in the following markets: Alberta (three projects); Saskatchewan (two projects); Nova Scotia (one project); and, Arizona (four projects).

In addition to these projects, Mr. Borgal was integrally involved in the acquisition of three resort projects within the 20|20 Resorts Inc. business unit with a retail value in excess of $100,000,000. These projects are in various stages of development and are located in the following markets: the Okanagan Valley, British Columbia (one project); Smithers, British Columbia (one project); and Zihuatanejo, Mexico (one project).

20|20 is in the business of creating value through real estate, including the acquisition of multifamily properties for condominium conversion, substantial renovation and re-sale to investors through 20|20 Properties Inc.; the identification and development of strategically located resort properties through 20|20 Resorts Inc.; and, the development of real estate investment products through 20|20 Investments Inc.

From 2002 to 2004, Mr. Borgal was the President, Chief Executive Officer and a principal of WolfBridge Solutions Inc., a software business located in Ontario. He transitioned into the role of Chairman in 2004. From 1998 to 1999, he was the President of Great Plains Canada and then from 1999 to 2002, Mr. Borgal was the President of Great Plains EMEA. Great Plains Software was acquired by the Microsoft Corporation in 2001. From 1989 to 1998, Mr. Borgal was the President and Chief Executive Officer of Horseshoe Valley Resort Limited, the developer of a master planned ski and golf resort community located in Oro Township, Ontario. The project was acquired in 1989 and Mr. Borgal actively participated in the negotiation and launch of a $250,000,000 timeshare development, including the construction of a hotel and golf course and the development of a private club. He also oversaw the sale of 300 single family home sites and $20,000,000 of infrastructure development. Revenues in excess of $130,000,000 were achieved during the 10 years Mr. Borgal was involved in this project.

Mr. Borgal was the President and Chief Executive Officer of the Whistler Mountain Corporation, the resort facilities operator and developer of the surrounding real estate assets, from 1983 to 1989. He was instrumental in the development and execution of the strategic plan for the business and for securing the requisite financing. The development averaged $10,000,000 in revenues per annum during Mr. Borgal’s tenure.

Mr. Borgal holds a BSc (Hons) from the University of British Columbia and an MBA from the Stanford Graduate School of Business.

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