The reason PIC Investment Group Inc. negotiates and participates in minority investments is to facilitate entrepreneurship and help existing businesses grow. PIC assesses risk and makes investment decisions based on the criteria listed on our website. Our intention is always to maximize our return either long-term or short-term by bringing some expertise to the business. The basic underlying motive is a belief that a strong and vibrant economy is constructed by growing one business at a time. Our focus this past year was on growth with three new investments being added to PICs minority investment portfolio. Two of the investments were a direct result of PICs involvement in the formation of the new Saskatchewan Capital Network SCN. SCN provides improved access to deal flow through its entrepreneur pitch networking sessions along with the opportunity to co-invest and gain from the expertise of other angel investors. ClubMynx Fitness Inc. Dawn Wotherspoon 103 23rd Street East Saskatoon SK S7K 0J1 In 2008 PIC entered into an Angel Investment partnership and loan with a young entrepreneur and former PIC group employee Dawn Wotherspoon. To date the results have been a testament to both the Angel Investment process and Dawns dedication to the business. The private group fitness facility has brought a unique element to the fitness industry in Saskatoon by offering fun non-intimidating exercise options designed to help participants stay motivated in their fitness programs. Defyrus Peter Blaney 150 William Street Kingston ON K7L 2C9 Participation with other minority investors under the management of Tancho Innovation Capital provided the opportunity for PIC to participate in technology commercialization. Defyrus is a private life sciences biodefence company that collaborates with domestic and international military R D partners to develop a range of therapeutics as medical countermeasures for civilians and military personnel. Minority Investment Portfolio 15 PIC INVESTMENT GROUP INC.