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Derek J. Watchorn
Independent Director

Mr. Watchorn is a member of the Management Committee involved in the proposed redevelopment of the Buttonville Airport in Markham and during this period he also acted as a senior advisor with respect to a joint venture involving several real estate projects in Budapest. Mr. Watchorn is also a member of the advisory committee of Graywood Developments Limited, a Toronto-based real estate development company.

Mr. Watchorn has over 50 years of experience in both a legal and business background. Mr. Watchorn was a senior partner of Davies Ward Phillips & Vineberg, joining the firm in 1968 and continuing until 2003. Mr. Watchorn was previously a director of Patheon Inc. and Canary Wharf plc. and a Trustee of IPC US REIT, a TSX listed REIT. Mr. Watchorn is currently a director of Data Communications Management Corp., a TSX listed company.

Mr. Watchorn holds a Bachelor of Laws degree from the University of Toronto.