Bevan May

Foremost Income Fund operates as an open-end investment fund, which was established for the purposes of indirectly investing in the operations of several business divisions, operating as limited partnerships and any other subsidiaries, and distributing cash and income to holders of Trust Units. Its business operations are conducted through two subsidiary limited partnerships: Foremost Industries LP and Foremost Universal LP. The Foremost Industries LP business consists of the design, manufacture, sale and servicing of heavy all-terrain vehicles and drilling equipment. The Foremost Universal LP business involves the design, manufacture, sale and service of shop tanks, vessels, field tanks, gas separation units, hydrovac, vacuum trucks and compression equipment. The fund was founded on December 28, 2005 and is headquartered in Calgary, Canada.

TOM Capital Associates, Inc. operates as an independent entrepreneurial equity investment and management firm. The company is headquartered in Calgary, Canada.

The Raywal LP manufactures kitchen and living space products. Its products include magic corner, no-skid under sink mat, pull-out magic corner, slide out drawers, slide outs and pull outs, spice tray rack, tilt-out sink front, two-tier spice pull-out, undersink basket, vertical tray divider and wire tray dividers. The company is headquartered in Thornhill, Canada.

Century Services Corp. provides asset appraisals and financial services. It offers complete dispersals and liquidations, surplus inventory clearance sales, timed auctions and real estate sales. The company was founded in 1984 and is headquartered in Calgary, Canada.

Steeper Energy ApS offers technology based solutions. It focuses on development and commercialization of Hydrofaction technology for the conversion of the organic feedstocks to renewable fuel oil. The company was founded by Perry Toms and Steen Iversen in January 2011and is headquartered in Hørsholm, Denmark.