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First Racing's Founders

AARON P. HOLLANDER

Aaron P. Hollander, co-founder of First Racing, currently serves as President & CEO of Skip Barber Racing School LLC, Chairman of the Board of Directors of First Aviation Services Inc., (NASDAQ: FAVS) and President of First Equity Group. Mr. Hollander also serves as Chairman of First Equity Group's Imtek Inc.

Prior to co-founding First Equity, Mr. Hollander served as a consultant at the Boston Consulting Group and worked as a CPA with Arthur Young & Company (now Ernst & Young). He received his undergraduate degree in economics from the University of Pennsylvania and earned an MBA with distinction from Harvard Business School, where he received the Copeland Award for marketing.

Mr. Hollander holds a commercial pilot's license with Learjet, helicopter, instrument, multi-engine, and seaplane ratings. He has been a speaker at various industry conferences, including AIAA's Global Air & Space Conference, the National Business Aircraft Association's (NBAA) Convention, and the Federal Aviation Administration's (FAA) Annual General Aviation Forecast Conference, and has testified in Committee of Congress.

Mr. Hollander has served on numerous civic boards and commissions and is on the Board of Directors of the Fairchester Chapter of YPO.


MICHAEL C. CULVER

Michael C. Culver, co-founder or First Racing, is the Chairman of the Skip Barber Racing School LLC, President and Chief Executive Officer of First Aviation Services Inc., and co-founder and principal of First Equity Group, Inc.

Prior to co-founding First Equity, Mr. Culver worked in various positions at Canadair, where he gained his valuable operating experience, before becoming the Director of Marketing for the Challenger business jet. He received a Bachelor of Commerce degree with distinction from McGill University, in Montreal, and an MBA from Harvard University.

Mr. Culver is a pilot with a multi-engine rating, and was a member of Canada's National Alpine Ski Team, racing at the World Cup level between 1968 and 1973. He is active in motorsports and as co-founder of First Racing, has, personally, won three championships since 1995.

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