Board Committees

Audit Committee Position

Timothy Morris

Timothy Morris has over 30 years of professional finance and accounting experience, of which 19 have been as a Chief Financial Officer. He has raised over $980MM in equity and convertible securities for six companies. He has extensive deal experience with over 65 transactions with a combined value in excess of $2Bn. Mr. Morris currently serves as the CFO of AcelRx Pharmaceuticals, a publically traded specialty pharmaceutical company with two late-stage products for acute pain, starting in 2014. He added the responsibilities of Head of Business Development in 2015.

Previously, Mr. Morris served as a CFO, SVP Finance and Global Corporate Development of VIVUS, Inc. from November 2004 to December 2013. At VIVUS Mr. Morris oversaw finance, corporate development, IT, human resources, legal, and investor relations functions.

From September 2001 to November 2004, Mr. Morris was CFO, SVP Finance, Manufacturing and Administration for Questcor Pharmaceuticals, Inc., a specialty pharmaceutical company. He was a member of the Office of the President from August 2004 to November 2004.

Mr. Morris serves as a non-executive director of PAION Inc., the US subsidiary of PAION AG, a publically traded company based in Germany. He graduated cum laude with a BS in Business with emphasis in Accounting from California State University, Chico, and is a Certified Public Accountant.

Chair

Ronald Barliant

Ronald Barliant was appointed to the KaloBios board on January 7, 2016.

Mr. Barliant is of counsel with the Chicago law firm Goldberg Kohn, where he had been a principal in the Bankruptcy & Creditors’ Rights Group after joining in September 2002. He has represented debtors and creditors in complex bankruptcy cases, and counseled major financial institutions, business firms and boards of directors in connection with workouts.

He served as a United States bankruptcy judge for the Northern District of Illinois from 1988 to 2002, and as a visiting judge in the District of Delaware in 2002.

He is a member of the board of directors of a closely held information technology company and the board of the estate representative supervising the liquidation of assets in the Global Crossing case. And he was previously a director of a Delaware debtor in the automotive industry. He has also counseled boards of directors and individual directors in connection with their fiduciary duties in distressed situations.

Mr. Barliant has taught debtor-creditor relations at John Marshall Law School and has frequently lectured and participated in panel discussions on bankruptcy-related topics at the invitation of many organizations, including the Federal Judicial Center, the National Conference of Bankruptcy Judges (NCBJ), the American Bankruptcy Institute, the American Bar Association, the American College of Bankruptcy, the Commercial Finance Association, the Turnaround Management Association, the Chicago Bar Association and LexisNexis Mealey’s.

His published writings include articles on Chapter 11 plans, executory contracts, preferences, the anti-trust litigation in the United Airlines case (in which he represented an indenture trustee/defendant), and asbestos bankruptcies. He was a member of the board of governors of the NCBJ from 1998 to 2000 and of the NCBJ’s Endowment for Education from 1997 to 1998. In addition, he served on national judicial committees and on working groups considering technology issues and the treatment of mass torts in bankruptcy cases.

Mr. Barliant has been recognized annually by the Leading Lawyers Network, Super Lawyers, and Best Lawyers. He was named by Chambers USA 2014 as a leading lawyer in the United States in Bankruptcy/Restructuring. He is currently a member of the ABI (Business Reorganization Committee), ABA (Business Law Section), and NCBJ (Former Judges Section) and is a former Chair of the Bankruptcy and Reorganizations Committee of the CBA. He is a Fellow in the American College of Bankruptcy and served as the College’s Regent for the Seventh Circuit.

Member

Ezra M. Friedberg

Ezra is a seasoned investor with over twenty years of investing experience across public and private companies. His investments include classic private equity, venture capital, distressed opportunities/assets and property throughout the United States, Canada, and overseas.

Ezra serves as founder and general partner of Multiplier Capital, a fund focused on lending opportunities to sponsor-backed growth companies, and is a member of the fund’s credit committee. Separately, Ezra owns and operates other financial services businesses.

Ezra is a graduate of Johns Hopkins University. He has founded and is an active member of several community and civic organizations, including a nonprofit employment agency. Ezra also serves as an advisor to his family’s global charitable foundations.

Member

Audit Committee Charter

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Compensation Committee Position

Timothy Morris

Timothy Morris has over 30 years of professional finance and accounting experience, of which 19 have been as a Chief Financial Officer. He has raised over $980MM in equity and convertible securities for six companies. He has extensive deal experience with over 65 transactions with a combined value in excess of $2Bn. Mr. Morris currently serves as the CFO of AcelRx Pharmaceuticals, a publically traded specialty pharmaceutical company with two late-stage products for acute pain, starting in 2014. He added the responsibilities of Head of Business Development in 2015.

Previously, Mr. Morris served as a CFO, SVP Finance and Global Corporate Development of VIVUS, Inc. from November 2004 to December 2013. At VIVUS Mr. Morris oversaw finance, corporate development, IT, human resources, legal, and investor relations functions.

From September 2001 to November 2004, Mr. Morris was CFO, SVP Finance, Manufacturing and Administration for Questcor Pharmaceuticals, Inc., a specialty pharmaceutical company. He was a member of the Office of the President from August 2004 to November 2004.

Mr. Morris serves as a non-executive director of PAION Inc., the US subsidiary of PAION AG, a publically traded company based in Germany. He graduated cum laude with a BS in Business with emphasis in Accounting from California State University, Chico, and is a Certified Public Accountant.

Chair

Ronald Barliant

Ronald Barliant was appointed to the KaloBios board on January 7, 2016.

Mr. Barliant is of counsel with the Chicago law firm Goldberg Kohn, where he had been a principal in the Bankruptcy & Creditors’ Rights Group after joining in September 2002. He has represented debtors and creditors in complex bankruptcy cases, and counseled major financial institutions, business firms and boards of directors in connection with workouts.

He served as a United States bankruptcy judge for the Northern District of Illinois from 1988 to 2002, and as a visiting judge in the District of Delaware in 2002.

He is a member of the board of directors of a closely held information technology company and the board of the estate representative supervising the liquidation of assets in the Global Crossing case. And he was previously a director of a Delaware debtor in the automotive industry. He has also counseled boards of directors and individual directors in connection with their fiduciary duties in distressed situations.

Mr. Barliant has taught debtor-creditor relations at John Marshall Law School and has frequently lectured and participated in panel discussions on bankruptcy-related topics at the invitation of many organizations, including the Federal Judicial Center, the National Conference of Bankruptcy Judges (NCBJ), the American Bankruptcy Institute, the American Bar Association, the American College of Bankruptcy, the Commercial Finance Association, the Turnaround Management Association, the Chicago Bar Association and LexisNexis Mealey’s.

His published writings include articles on Chapter 11 plans, executory contracts, preferences, the anti-trust litigation in the United Airlines case (in which he represented an indenture trustee/defendant), and asbestos bankruptcies. He was a member of the board of governors of the NCBJ from 1998 to 2000 and of the NCBJ’s Endowment for Education from 1997 to 1998. In addition, he served on national judicial committees and on working groups considering technology issues and the treatment of mass torts in bankruptcy cases.

Mr. Barliant has been recognized annually by the Leading Lawyers Network, Super Lawyers, and Best Lawyers. He was named by Chambers USA 2014 as a leading lawyer in the United States in Bankruptcy/Restructuring. He is currently a member of the ABI (Business Reorganization Committee), ABA (Business Law Section), and NCBJ (Former Judges Section) and is a former Chair of the Bankruptcy and Reorganizations Committee of the CBA. He is a Fellow in the American College of Bankruptcy and served as the College’s Regent for the Seventh Circuit.

Member

Compensation Committee Charter

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Nominating and Corporate Governance Committee Position

Ronald Barliant

Ronald Barliant was appointed to the KaloBios board on January 7, 2016.

Mr. Barliant is of counsel with the Chicago law firm Goldberg Kohn, where he had been a principal in the Bankruptcy & Creditors’ Rights Group after joining in September 2002. He has represented debtors and creditors in complex bankruptcy cases, and counseled major financial institutions, business firms and boards of directors in connection with workouts.

He served as a United States bankruptcy judge for the Northern District of Illinois from 1988 to 2002, and as a visiting judge in the District of Delaware in 2002.

He is a member of the board of directors of a closely held information technology company and the board of the estate representative supervising the liquidation of assets in the Global Crossing case. And he was previously a director of a Delaware debtor in the automotive industry. He has also counseled boards of directors and individual directors in connection with their fiduciary duties in distressed situations.

Mr. Barliant has taught debtor-creditor relations at John Marshall Law School and has frequently lectured and participated in panel discussions on bankruptcy-related topics at the invitation of many organizations, including the Federal Judicial Center, the National Conference of Bankruptcy Judges (NCBJ), the American Bankruptcy Institute, the American Bar Association, the American College of Bankruptcy, the Commercial Finance Association, the Turnaround Management Association, the Chicago Bar Association and LexisNexis Mealey’s.

His published writings include articles on Chapter 11 plans, executory contracts, preferences, the anti-trust litigation in the United Airlines case (in which he represented an indenture trustee/defendant), and asbestos bankruptcies. He was a member of the board of governors of the NCBJ from 1998 to 2000 and of the NCBJ’s Endowment for Education from 1997 to 1998. In addition, he served on national judicial committees and on working groups considering technology issues and the treatment of mass torts in bankruptcy cases.

Mr. Barliant has been recognized annually by the Leading Lawyers Network, Super Lawyers, and Best Lawyers. He was named by Chambers USA 2014 as a leading lawyer in the United States in Bankruptcy/Restructuring. He is currently a member of the ABI (Business Reorganization Committee), ABA (Business Law Section), and NCBJ (Former Judges Section) and is a former Chair of the Bankruptcy and Reorganizations Committee of the CBA. He is a Fellow in the American College of Bankruptcy and served as the College’s Regent for the Seventh Circuit.

Chair

Ezra M. Friedberg

Ezra is a seasoned investor with over twenty years of investing experience across public and private companies. His investments include classic private equity, venture capital, distressed opportunities/assets and property throughout the United States, Canada, and overseas.

Ezra serves as founder and general partner of Multiplier Capital, a fund focused on lending opportunities to sponsor-backed growth companies, and is a member of the fund’s credit committee. Separately, Ezra owns and operates other financial services businesses.

Ezra is a graduate of Johns Hopkins University. He has founded and is an active member of several community and civic organizations, including a nonprofit employment agency. Ezra also serves as an advisor to his family’s global charitable foundations.

Member

Nominating and Corporate Governance Committee Charter

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