(iii) Past 7 Years: Books, monographs: Economics for Management (Schulich, online, 2015)

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FRED LAZAR CITIZENSHIP: ADDRESS: Office: Canadian York University Schulich School of Business N205J Schulich Building 4700 Keele Street North York, Ontario M3J 1P3 (416) 736-5068 e-mail: flazar@yorku.ca or fred_lazar@post.harvard.edu DEGREES: B. COMM. University of Toronto (1969) (Woodrow Wilson Fellow, 1969) A.M. Harvard University (1972) PH. D. Harvard University (1978) CURRENT POSITIONS: Associate Professor, Department of Economics, Faculty of Liberal Arts and Professional Studies, and Schulich School of Business (past: Director of the Graduate Program in Economics; Coordinator, Economics Area, Schulich) PROFESSIONAL ACTIVITIES: National Post Board of Economists, 1998-2003 Director, Strategic Nova Growth Fund Ontario labour-sponsored venture fund, 2001-04 Member, Government of Ontario Expert Panel on Water and Wastewater, 2004-05 Member of Advisory Board, McMaster University RFID Applications Lab, 2007-12 Director, Canadian First Financial Group, 2010-2015 Director, CFF Bank (Schedule A bank), and Chair of Governance, Conduct and Compensation Committee, 2013-2015 Member of Independent Review Committee, Connor, Clark & Lunn Financial Group, 2008- Executive Advisor, Aviado Partners, 2012- Director, Interknowlogy, 2015- Director, Air North, 2015- Director, Metis Infinity Investments, 2015- PUBLICATIONS: (i) Life-Time: Books (authored): 12 Chapters in books: 24 Articles in refereed journals: 26 Articles in refereed conference proceedings: 7 Conference presentations: 90+ 1

(ii) Books, Monographs (only): Issues in Canadian Economic Policy (Toronto, Butterworths, 1973), with Arthur Donner and Mel Kliman The Impact of the 1976 Income Tax Act Amendments on U.S. and Canadian Broadcasters (Ottawa, Department of Communications, 1979), with Arthur Donner An Analysis of the Practice of Public Accounting in Ontario (Toronto, Government of Ontario, 1979), with Marc Sievers and Dan Thornton The New Protectionism: Non-Tariff Barriers and Their Effects on Canada (Toronto, Lorimer, 1981) Deregulation of the Canadian Airline Industry (Toronto, Key-Porter, 1984) Hours of Work and Overtime: U.S. Experience and Policies, Research Report (Toronto, Ontario Task Force on Hours of Work and Overtime, 1987) Trucking Industry and the Worktime Provisions of Ontario's Employment Standards Act, Research Report (Toronto, Ontario Task Force on Hours of Work and Overtime, 1987) Free to Move, Strengthening the Canadian Economic Union, (Toronto, C. D. Howe Institute, 1992) with David Brown and Daniel Schwanen Unemployment Insurance: How to Make it Work, (Toronto, C.D. Howe Institute, 1994) with Christopher Green, Miles Corak and Dominique Gross How Ottawa Rewards Mediocrity (Toronto, U. of T. Press, 1996) Turbulence in the Skies, C.D Howe Institute Commentary (April 2003) Watertight: The case for change in Ontario s water and wastewater sector, Report of the Water Strategy Expert Panel (Publications Ontario, 2005) with Harry Swain and Jim Pine Economics for Management, online textbook for MBA course (iii) Past 7 Years: Books, monographs: Economics for Management (Schulich, online, 2015) Refereed Journals: Multilateral Trade Agreements for Civil Aviation, 379-400, Air and Space Law (November 2011) Constructing Historical Yield Curves and Examples from the 1920s Canadian Market, Journal of Business Economic Loss Analysis (2012) (with Eli Prisman) Valuing Historical Land Claims and Its Loss of Use, Journal of Real Estate Literature (2013) (with Eli Prisman) Regulator s Determination of Return on Equity in the Absence of Public Firms: The Case of Automobile Insurance in Ontario, Risk Management and Insurance Review (Fall 2015) (with Eli Prisman) from V ery S pars Valuation and 2

Research reports: The Economic Impacts of the Member Airlines of the National Airlines Council of Canada, September 2010, updated January 2013 First Nation Economy Building, prepared for the Association of Iroquois and Allied Indians, June 2013 The Case for Eliminating the Government of Ontario Tax on Aviation Fuel for International Flights, December 2010, updated March 2013 Creating Successful First Nations Companies: A Policy Framework, prepared for the Chiefs of Ontario, March 2014 Future Prospects for Mining on NAN Traditional Territories, prepared for the Nishnawbe Aski Nation, April 2014 Specific Claims: The Record to Date and the Road Ahead, prepared for the Assembly of First Nations, June 2014 The Economic Costs of Doing Nothing, prepared for the Truth and Reconciliation Commission, November 2015 EXPERT WITNESS: Air Canada (1984 deregulation hearings before the CTC) Australian Airlines (Defendant in Supreme Court case questioning constitutionality of regulation of airline industry in Australia, 1986-87) Peat Marwick (Defendant in Standard Trust case, 1993, 94) Air Ontario MEC (Seniority list merger arbitration, 1994) Canadian Cable Television Association (Copyright Tribunal, 1994-95) Canadian Air Line Pilots Association (CLRB, 1996-99) Canadian Cable Television Association (Copyright Tribunal, 2002-03) Air Canada (Canadian Transportation Agency Access for passengers with disabilities, 2005-06) Ontario Energy Board (2006-07) Calculating the Cost of Capital for Local Electricity Distribution Companies in Ontario, June 2006 (co-authored with Professor Eli Prisman) Return on Equity: Is Transmission More or Less Risky than Distribution, prepared for the Ontario Energy Board, February 2007 (co-authored with Professor Eli Prisman) Department of Justice, Canada Alderville Indian Band et Al vs. HMQ et al ( Assessing the Financial Value of Harvesting Rights Surrendered in the Williams Treaties with Eli Prisman), 2009-2015 Attorney General, Ontario Mishkegogamang First Nation v. Canada and Ontario ( Estimating Economic Losses with Eli Prisman), 2011-2012 Financial Services Commission of Ontario Calculating the Return on Equity for Automobile Insurance Companies in Ontario (co-authored with Eli Prisman), 2012-13 PROFESSIONAL CONSULTING ACTIVITIES (40 years) Clients: Federal Government Prices and Incomes Commission Committee on Youth Secretary of State 3

Department of Industry, Trade and Commerce Department of Communications Heritage Canada Department of Transportation Department of Employment and Immigration Department of Human Resource Development Department of Canadian Heritage Department of Energy, Mines and Resources Minister of Transportation Minister of Industry, Trade and Commerce Prime Minister's Office Science Council of Canada Economic Council of Canada Liberal Party Platform Committee Canada Transport Act Review Panel Government of Ontario Ministry of Industry, Trade and Technology Ministry of Finance Ministry of Education and Training Ministry of Transportation Ontario Royal Commission on the Status of Pensions Service Sector Task Force Task Force on Hours of Work and Overtime Fair Tax Commission Ministry of Energy and Environment Ministry of Energy, Science and Technology Early Childhood Development Task Force Ministry of Public Infrastructure Renewal Ontario Energy Board Private Aeroplan Air Canada ACE Aviation Air Canada Technical Services Air Canada Groundhandling Services Air Canada Cargo Air North Air Transportation Association of Canada Arctic Gas Pipeline Consortium Assembly of First Nations Australian Airlines Canadian Cable Television Association Canadian Record Industry Association Chiefs of Ontario 4

Chorus Aviation Commission Direct Credit Union Central of Ontario Denbridge Capital Equity Link Fiscalia Nacional Economica (Chilean competition authority) IBM Interknowlogy Kids Futures Lanux Lufthansa Consulting Macquarie North America Maxlink Medway Capital National Airlines Council of Canada National Association of Canadian Credit Unions Nishnawbe Aski Nation OI Group of Companies Philip Utilities Management Corporation Qantas Regional Airlines Holding Company Research Securities Shaw Cable Six Nations of the Grand River Tungavik Federation of Nunavet Union Gas Vector Innovations 5