A&W Revenue Royalties Income Fund

Management of Food Services

A&W Food Services Management

Paul F.B. Hollands Chairman and Chief Executive Officer

Paul HollandsMr. Hollands joined Food Services in 1981, became Executive Vice President and Chief Operating Officer in 1995, President in 2002, Chief Executive Officer in 2005 and Chairman in 2015. He has been involved in all major areas of the business including marketing, operations, franchising, development and new business. In 1995, Mr. Hollands was the recipient of the "Top 40 Under 40" award from the Financial Post and Caldwell Partners. In 2015, Mr. Hollands was the recipient of the BC CEO award from Business in Vancouver and MacKay CEO Forums. He holds a Bachelor of Commerce degree from the University of British Columbia. Mr. Hollands is Past Chair of the Faculty Advisory Board of the Sauder School of Business at the University of British Columbia. He is a past Chairman of the Canadian Restaurant and Foodservices Association.

Susan Senecal President and Chief Operating Officer

Susan SenecalMs. Senecal joined Food Services in 1992 as an Area Manager. She became Regional Director of Operations in 1996, General Manager, Quebec in 1997, Vice President, Operations in 2002, Chief Marketing Officer in 2012, and was appointed President & COO in 2015. Susan holds a Bachelor of Science degree from McGill University and is a Director and Past Chair of Restaurants Canada (formerly the Canadian Restaurant and Foodservices Association). Susan is also a Director of the Multiple Sclerosis Society of Canada.

Donald T. Leslie Chief Financial Officer

Donald T. LeslieMr. Leslie joined Food Services in 2003 as Vice President, Finance and was appointed Chief Financial Officer in 2005. He holds a Bachelor of Commerce degree from the University of British Columbia and he also holds a Chartered Professional Accountant designation. Prior to joining Food Services, Mr. Leslie had extensive senior management experience with several public and privately owned companies. He is a Director of the Canadian Franchise Association.

Janice Beer Vice President, People Potential

Janice BeerJanice Beer joined A&W in 2001 as Director of People Potential and was appointed Vice President, People Potential in April 2004. In this capacity she is responsible for all human resource functions. Prior to joining A&W Janice held various positions with a major downstream oil company in the areas of human resources, public affairs and finance. Janice holds a Bachelor of Commerce degree and a Master of Education in Adult Education.

P.M. (Trish) Sahlstrom Vice President, Purchasing & Distribution

Trish SahlstromTrish Sahlstrom joined A&W in 1981 in the Purchasing and Distribution area. She assumed increasing responsibilities in the organization and in 2001 became Vice President, Purchasing & Distribution. Trish is also General Manager for the canned and bottled A&W Root Beer business. She sits on the lnternational Advisory Board for the William F Harrah College, University of Nevada Las Vegas; and on the Customer Advisory Task Force for the National Association of Food Equipment Manufacturers. She is also a member of the Canadian Roundtable for Sustainable Beef as well as the Global Roundtable for Sustainable Beef.

Patricia A. Parente Vice President, Real Estate & Franchising

Patricia ParentePatti Parente joined A&W in 1999 as Director of Shopping Centres following a career with a western based development company in commercial real estate development. Patti has been very active in the real estate industry serving the International Council of Shopping Centres (ICSC) in several volunteer capacities including Provincial Director for British Columbia, and as a member of the Canadian Committee as Divisional Retail Chair, and Divisional Government Relations Chair. Patti is a graduate of the University of British Columbia's Urban Land Economics diploma program.

Neil Farmer Vice President, Operations

Neil FarmerNeil Farmer joined an A&W corporate restaurant in Regina, Saskatchewan in 1976 and he became Restaurant Manager in 1985. He then moved to Head Office as a Marketing Analyst in 1987. Since then Neil has held a variety of positions throughout the company and in 2012 was appointed to the position of Vice President, Operations.

Terrence A. Taciuk Vice President, Information & Business Analytics

Terrence TaciukMr. Taciuk joined Food Services in November 2014 as Vice President, Information and Business Analytics. Prior to joining A&W, he held, on a consulting basis, the position of Vice President of Marketing for Terramera Inc. in 2014, Vice President of Marketing for Stemcell Technologies from 2009 to 2013 and prior to that, held various executive positions in marketing, sales and general management with Telus, Direct Energy, and Vancity. He has a Bachelor of Science degree from the University of Alberta and an MBA from the Schulich School of Business at York University.

Robert D. Fussey Vice President, Marketing, Concept Innovation, Design and Construction

Rob FusseyMr. Fussey joined the Franchisor in 1981 as a cook in a corporate drive-in restaurant in Winnipeg, Manitoba, became a Restaurant Manager, and then in 1990, an Area Manager in Vancouver. From 2005 to 2008, Mr. Fussey led franchise operations as Director, Western Canada. He became Director of Urban Concept Development in 2008, joined the marketing team as Senior Director, Concept Innovation in 2012 and was appointed Vice President Marketing, Concept Innovation, and Design and Construction in August 2014. Mr. Fussey is a graduate of the University of Guelph Advance Management Program for the Hospitality Industry and has also earned a Certificate of Business Administration with a marketing major from Red River Community College in Winnipeg, Manitoba.

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