Management Team

500 N. Akard Street, Suite 2850, Dallas, TX 75201

214.758.8600 | Fax: 214.758.8602 | 800.589.1173 | portfolio@calpian.com

Together the Calpian Management Team represents our commitment to best-in-class leadership at all levels.

Harold Montgomery, Chairman and Chief Executive Officer

Harold Montgomery is the Chairman and CEO of Calpian. He has been in the POS payment processing business since 1987. Before leading the formation of Calpian, he was the CEO of A.R.T. Holdings, Inc. (dba Calpian from 2002 to 2009), a company that underwrote and acquired hundreds of merchant portfolios totaling approximately 35,000 merchants. He brings the same leadership team from A.R.T. to Calpian. Montgomery has 23 years experience in the transaction processing business including in the ISO space, merchant payment processing and sourcing capital for the ISO market. He’s a widely known industry authority, a speaker at regional and national trade shows and writes for Transaction World Magazine. He has been a resource for the Federal Reserve Bank Card Payment Center in Philadelphia, and has served the U.S. Congress as an expert witness on credit card legislation.

Montgomery is a native of Dallas, Texas. He attended Stanford University where he earned BA and MBA degrees. He currently serves on the Board of Trustees for the Communities Foundation of Texas, a $750 million community trust organization, and the Board of St. Mark’s School of Texas. He has served as President of the Dallas Committee on Foreign Relations and Young Audiences of Greater Dallas.

Craig Jessen, President

Craig Jessen is the President of Calpian. He has been in the payment processing industry since 1991. He was the President of A.R.T. Holdings, Inc. (dba Calpian from 2002 to 2009), a company that underwrote and acquired hundreds of merchant portfolios totaling approximately 35,000 merchants. His primary responsibilities at A.R.T. were the sourcing, underwriting, negotiation and funding of these acquisitions. Jessen has 19 years experience in the transaction processing business including the ISO space, merchant payment processing, sales training, business development and sourcing capital for the ISO market. Jessen resides in Dallas, TX, and holds a BBA from the University of Texas at Arlington and an MBA from Southern Methodist University.

Cynthia Bailey, Chief Marketing Officer

Cynthia Bailey is the Chief Marketing Officer of Calpian. She served in this position at A.R.T. Holdings Inc. (dba Calpian from 2002 to 2009) and brings over 18 years experience in the acquiring side of the electronic transactions industry. In addition to developing and executing marketing and public relations strategies for the Company, Bailey is the Founder, current Editor-in-Chief and Managing Publisher for Transaction World Magazine (founded in 1999), a leading trade publication in the electronic payments industry. Bailey resides in Atlanta, GA, and holds a BA from The College of William and Mary in Virginia and an MBA/Master of Science in Marketing, from Georgia State University.

David Pilotte, Chief Financial Officer

David Pilotte is the Chief Financial Officer of Calpian. Pilotte has a broad-base of experience across many industries, and brings to Calpian more than 20 years experience leading middle-market public companies including roles as CFO, COO, Corporate Controller, Treasurer and independent advisor. During that time he has led 10 M&A transactions totaling $1.2 billion in value, raised and managed more than $550 million in financing and led public companies ranging from startups to those with over $700 million in revenues. Pilotte holds a BS in Finance from the University of Florida, an MBA from the University of Houston, and has been a CPA in Texas since 1986.

Laird Cagan, Director

Laird Cagan is Managing Director and co-founder of Cagan McAfee Capital Partners, LLC ("CMCP")(successor to Cagan Capital) a private investment firm and merchant bank he founded in 1990. Since 2000, CMCP has founded and/or funded and taken public, ten companies in a variety of industries including energy, alternate energy, healthcare and information technologies. CMCP portfolio companies have raised over $600 million. Cagan was the founding Chairman of Evolution Petroleum Corporation (AMEX: EPM), a company he founded to develop mature oil & gas fields with advanced technologies. He is also a Managing Director and Principal of Colorado Financial Services, Inc., ("CFSC") a NASD-licensed Broker-Dealer, a former director of AE BioFuels (AEBF.PK), and Camac Energy, Inc. (AMEX: CAK). Cagan is licensed by the SEC under Series 24, 7 and 63. CFSC is not affiliated with CMCP.