Graham Watson - PhotographerAs recently as early 2011 ordersfor his photographs were fulfilledby, Mellow Johnnys Bike Shop,

Austin, Texas

Capitol Sports & EntertainmentBill StapletonBart KnaggsLaura Ritts, Mark Higgins

USA Cycling Development Foundation

A non-profit organization founded by Weiselto deal with development of US Cycling

Board Members IncludedThom Weisel (President)Lance Armstrong (Director)Steve Johnson (Director)David Williams (Director)Tench Coxe (Also a Livestrong Ambassador)John Bucksbaum (Director)Mark BissellDoug Ellis (Owner Slipstream Sports)Matthew Barger (Secretary/Treasurer)Jeff Garvey

An investment brokerage firmrun by Thomas Weisel

Thom Weisel (President)Jim Ochowicz (Broker)Matthew Barger

US Olympic Committee

Bill Stapleton (Vice President)

Montgomery SubaruCycling Team

CHRIS CARMICHAELArmstrongs coach and founderof Carmichael Training Systems

JIM OCHOWICZFormer employee, Weisel Partners,became President of USA Cycling

and boss of Motorola. Alsowas an advisor at Phonak

THOM WEISELCofounder of Montgomery

Securities and Thom WeiselPartners. Sponsored Armstrong'sfirst trade team and was founding

sponsor of Tailwind SportsDirector of around

30 Companies.

BILL STAPLETONArmstrong's agent since '95,chief management officer of

Livestrong & former vice presidentof U.S. Olympic Committee.

On the board of Tailwind

BART KNAGGSPresident of Tailwind Corporation,on Livestrong board of directors.

Co Founder of CSE with BillStapleton. On the board at

Carmichael Training Systems

Montgomery Securities

Investment bank co-foundedby Thom Weisel. Weisel andmany of the directors wouldlater form TW Partners

Sponsor

Sponsor

Corporate Sponsor

Pharmaceutical company most known formanufacturing the Epogen ® brand ofEPO. Sponsor of Livestrong. Title Spon-sor of the Amgen Tour of California

Funded by:Montgomery SecuritiesSmith BarneyAnd Dean WitterBoard IncludedLewis ColemanKevin Sharer (CEO)

Tailwind SportsCompany set up to manage theUSPS Cycling Team. Ownersincluded Montgomerey Securi-ties (later Weisel Partners),CS&E, and Lance Armstrong.

Directors:Thomas WeiselTerry LeeLance ArmstrongJohn BucksbaumHarvey Schiller(Assante Corp)Bill StapletonJohan BruyneelJohn Burke (Trek)Laura Hundley (CS&E)Bart Knaggs

Steve Johnson (CEO)Jim Ochowicz (President)Matthew Barger (Director)Jeff GarveyMike Plant

USA Cycling

CoachCoach of Armstrong and various Postalriders. Sponsor of Discovery and had amarketing agreement with USA Cycling.Board Members include: Bart Knaggs

Sponsor/Coach

Mar

ketin

g A

gree

men

t

Board Member

7-ElevenCycling Team

MotorolaCycling Team

Team Phonak“Advisor”

BMCCycling Team

In 2000 USA Cyclingwas effectively bankruptwith a deficit of $1.4mThom Weisel organiseda buyout and in returnplaced his own directorsin charge of USA Cycling

Investor

David Williams

John BucksbaumTailwind DirectorAnd Investor in

USAC

Steve JohnsonCEO of USAC

Matthew BargerCommittee Member of

Weisel PartnershipOn the Board of USAC

and UsacDF

Investor

Jeff GarveyFounding Chair of LS

Board at Mellow JohnnysUSAC, and UsacDFFounder of Austin

Ventures.

“Bike Shop” Owned byArmstrong. Managed and

supported by CS&ELance Armstrong

Jeff GarveyRobbie Brennen

Craig StaleyLaura Ritts (CFO)

NXStep Capital Holdings

NXStep Capital

Bakers Bay Lot 49LLC With Armstrong and CS&E Listed as Directors.The company is registered as “Bakers Bay Lot 49Group L L C” whose registered address is the FourSeasons Hotel in Austin where CS&E have a suite

Mellow JohnnysAviation

Owned the Plane Charteredby Livestrong

Laura Ritts (CFO)Bart Knaggs (Manager)

CS&E Pro CyclingBill StapletonBart KnaggsLaura Ritts

Waterloo CyclingBill StapletonBart KnaggsLaura Ritts

Armstrong Performance

CS

&E

Holdings

JOHAN BRUYNEELDirector at Tailwind, DS at

Postal, Discovery etc.

Arm

strongs Agent

Joseph C Aragona

Bakers Bay Lot 48Owner by Joseph C Aragona - Company registered as “Bakers Bay Lot48 Group LLC” whos registered address is a $3.5m house in Austin, TXand registered address for the Aragona Family Foundation

Nycomed Salutar

Biotech companymanufacturing Actovegin

found in the rubbish of the US Postalteam during the 2000 Tour de France.Montgomery has financial holdings in

5am Ventures whose CEO was formerCEO of Nycomed. Actovegin was not

banned by the UCI until 2001

AEGPhilip AnschutzAndrew Messick (Former President)

Lewis ColemanDirector at Montgomery,

Amgen, andDreamworks

AMGENTOUR OFCALIFORNIA

Sponsor

Philip Anschutz

REGAL ENTERTAINMENT GROUP

Philip AnschutzLewis Coleman

NORTHROP GRUMMAN CORP

Philip AnschutzLewis ColemanKevin Sharer

Kevin SharerCEO and Chairman ofthe board, Amgen, Inc.

And Directorof Northrop Grumman.

Philip Anschutz

Mike Plant

Hein Verbruggen

Notes:This plan is intended to show business links over the period 1990 to 2012. Directorships, or business involvements maynot be current but are intended to reflect past and ongoing relationships.

Companies not detailed:San Francisco Cycling - Owned by Tailwind Sports and Capital Sports and EntertainmentThreshold Sports (David Chauner and Jerry Casale) - Part Owner in Tailwind Cycling

Ow

ns Shares n Trek

Armstrong credited Epogen with saving his life during cancer treatment

Energy ProductCompany part

owned byArmstrong

Managed byCS&E

Energy ProductCompany part

owned byArmstrong

Corporate S

ponsor

A note on companies owned byArmstrong who are sponsors ofLivestrong. These companies activelyprofit from Livestrong selling theirproducts at Livestrong Events

LANCE ARMSTRONG

Sponsor

Weisel born in the Mayo Clinic 1941

NOTES

US PostalCycling Team

Discovery ChannelCycling Team

CSE Realty PartnersReal estate Investment Companyfunded by Armstrong andCS&E

Corporate S

ponsor

Andrew MessickFormer president of AEG,Director of ATOCNow CEO of WTC

Corporate S

ponsor

Johan Bruyneel Sports Management

Geert Duffeleer (Duffy)PA To Bruyneel, director of

JB Sports Management, as wellas operations director for US

Postal. Strangely was also teamchef at Postal/Astana & now

Radioshack

Johan BruyneelGeert Duffeleer (Director of Operations)

1 Thomas Weisel2 John Bucksbaum (GGP) 7.7%3 Terry Lee (Bell Sports Corp) 4%4 Harvey Schiller5 Lance Armstrong 10% (Approx)

6 Bill Stapleton (CS&E)7 Johan Bruyneel8 John Burke (Trek)9 Bart Knaggs (CS&E)10 Laura Hundley?? (CS&E)11 David Williams (Williams Trading)12 Matthew Barger (Weisel Partners)13 Richard Cashin, Jr. (J.P.Morgan Chase)14 Ward W Woods (Bessemer Securities)15 Kenneth Barnett (Michigan marketing executive who was aninvestor but claimed he had no voice in Tailwind operations)

The Owners of Tailwind Sports

How one group of men shapedCycling from the nineties

16 Mark Gorski (Owner and Team Manager)17 Dan Osipow (Owner and Team Manager)

*There are conflicting reports on the number of owners.Most set it at 15, some other sources say 20.* yellow italics denote known donators to the Floyd Fairness Fund

CEO of Williams Trading In-vestment Group - Invested in

Tailwind, Livestrong andUSACDF

Williams’ relationship withArmstrong soured. A long-time donator to Livestronghe wanted to use their logoin a brand of insoles, thiswas refused and the rela-tionship ended.When Floyd Landis wasconsidering making his alle-gations against ArmstrongWilliams was one of thepeople he contacted, andWilliams advised him tospeak out, claiming he didntgive this advice because ofhis dispute with Armstrong.

Bakers Bay are property lots in the Bahamas of approx 1.5acres eachvalued at around $4m each. There is a certain amount of controversy from the local residents overthe various developments on the Island including allegations of deforestation, chemical runoff, and coral bleaching, and human health hazards.

Design, concept and layout © 2012

Corporate Sponsor

The “Millionaires Club”, Long time donators to USA Cycling, many were owners of Tailwind Sports, Sponsors or Fundraisers for Livestrong,and most are on the board at USA Cycling. These are the men that controlled the sport in America. All enjoy the trappings of these associa-tions, rides with Lance, contact with the Pro’s as well as being members of the USA Development Foundation bringing through the youngAmerican Riders in the sport. Many such as Michael Patterson, Robson Walton and Bennett Dorrance also compete as Masters racers.

Notable members include John Doerr (Board member at Google), Walton (Chairman of Wal-Mart) and Dorrance, Heir to the Campbells SoupEmpire

Online fitness site recently thesubject of a large cash injectionfrom Austin Ventures. Otherpartners include the CompetitorGroup.

Bill Stapleton (chief management officer)Bart Knaggs (Director)Lance Armstrong (Director)Jeff Garvey (Founding Chairman)

For Profit Health and Fitness website. Thisis the result of a strategic partnership be-tween LAF, and Demand Media. In returnfor use of the name, both LAF and Lancereceived sizeable shares in Demand Media.

Creator of online content.

Demand has a licensing agreement to build theLivestrong.com website. In return Lance Arm-strong Foundation, Lance personally, as well asCS&E received shares in the company. WhenDemand Media went public the LAF receivedjust over $3m from the sale of its shares. Nei-ther Armstrong or Capital Sports & Entertain-ment were lamong the shareholders listed asselling their stock in the IPO

Patrick McQuaid

People who take part inCarmichaels $1k+ trainingpackages get priority entryto the Leadville 100 race.Almost impossible to attendwithout.

The Millionaires Club

Sources Include (Not all listed):http://www.livestrong.org/Who-We-Are/Our-Strength/Our-Leaders/Board-of-Directorshttp://www.livestrong.org/Who-We-Are/Our-Strength/Our-Donors/Team-LIVESTRONG-Sponsorshttp://www.esoles.com/news/institutionalinvestor070327.pdfhttp://tinyurl.com/d6angbvhttp://www.corporationwiki.comhttp://www.evanta.com/cfo/summit/los-angeles/2010/speakershttp://www.examiner.com/article/lance-armstrong-s-new-sweet-deal-buys-part-ownership-of-honey-stinger-energy-producthttp://forbes.comhttp://www.gene.com/gene/about/corporate/management/board_of_directors.htmlhttp://www.hf.com/team/Team.aspx?membercode=mBargerhttp://www.manta.com/c/mm6c99r/mello-johnny-shttp://www.manta.com/c/mtg5qlf/nxstep-capital-holdings-l-phttp://mellowjohnnys.comhttp://www.sfweekly.com/2005-09-07/news/tour-de-farce/http://cyclismas.com/2011/11/the-trifecta-that-shaped-u-s-cycling-in-the-armstrong-era/http://www.planetcse.com/consulting.htmlhttp://articles.businessinsider.com/2011-05-24/tech/30099236_1_doping-tyler-hamilton-thomas-weisel-partnershttp://www.bicycling.com/news/pro-cycling/investigation-lance-armstrong-friends-foes-and-undeclaredhttp://www.outsideonline.com/outdoor-adventure/biking/High-Rollers.htmlhttp://www.usacycling.org/forms/media/2009-USA-Cycling-Annual-Report.pdfhttp://online.wsj.com/article/SB10001424052748704457604576011490820993006.htmlhttp://www.notesfromtheroad.com/guana/bakers_bay_celebrities.htmlhttp://cozybeehive.blogspot.co.uk/2010/02/rejection-letter-to-leadville-100.htmlhttp://www.24hourfitness.com/company/about_us/http://www.24hourfitness.com/health_clubs/signature_clubs/armstrong/http://www.nytimes.com/1995/07/20/sports/cycling-race-ignored-procession-honors-rider.html?pagewanted=all&src=pmhttp://www.pintsforprostates.org/?p=167http://muhc.ca/ways-to-give/article/lance-armstrong-collaborates-cedars-and-muhchttp://www.teamusa.org/About-the-USOC/Organization/Board-of-Directors/Michael-P-Plant.aspxhttp://forum.cyclingnews.com/showthread.php?t=10225&highlight=armstrong+businesseshttp://www.reuters.com/finance/stocks/companyOfficers?symbol=DMD&WTmodLOC=C4-Officers-5http://velonews.competitor.com/2002/07/news/cycling-biggies-invest-in-ugandan-gold-mine_2563http://www.sandcreeksports.com/documents/usa_cyclings_history_of_crooked_elections.pdfhttp://www.cyclingnews.com/features/bisceglia-fires-back-at-usa-cycling-and-ochowiczhttp://www.stanford.edu/~learnest/cyclops/tigers.htmhttp://blogs.sfweekly.com/thesnitch/2011/05/lance_armstrong_60_minutes.php?page=3http://hub.velocentric.com/the-hypocrisy-of-graham-watsonhttp://trustbut.blogspot.co.uk/http://www.outsideonline.com/outdoor-adventure/athletes/lance-armstrong/Its-Not-About-the-Lab-Rats.html?page=all

SOURCES

Joe AragonaPartner at Austin Ventures

and on the Livestrong BoardDirector at NXStep Capital

who are on the board ofMellow Johnnys

Austin VenturesInvestment company founded byJeff GarveyBoard includes Joe Aragano (Livestrong, MellowJohnnys)

Owns BazaarvoiceInvestor in MapmyFitness.com

Scott DonaldsonPartner at Austin

Ventures and founding chairmanof Lance Armstrong Foundation’sYoung Leadership Cancer Council

A public strategies companytasked with shaping

public opinion.Clients include Trek,Oakley,Livestrong,

Lance Armstrong & Radi-oshack.

Owned by Austin Ventures

Training centrebased at MellowJohnny’s. Ownedand run by KevinLivingston, formerrider at Motorola,Cofidis and US

Postal,

Sports management companybased in Austin. Involved in theorganisationof Livestrong Chal-lenge races and affiliates of PedalHard Training Centre

Sports management companybased in Atlanta. Involved in theorganisation of Livestrong Chal-lenge races and affiliates of PedalHard Training Centre. Also in-volved in Tours of Georgia, China,Missouri, Utah, USPCC, Tour duPont, and Amgen Tour of Califor-nia. Medallist is also a technicalpartner in Richmond 2015 inc.

Michael O.Johnson

CEO HerbalifeAlso on the

board atDreamworks

Paul SherwenBroadcaster

Former Press Officerof Motorola. Paid

speaker forLivestrong at

various events

Phil LiggettBroadcaster. Paid

speaker forLivestrong at

various events

Bob RollBroadcaster. FormerMotorola rider, Paid

speaker forLivestrong at

various events

Non-Profit bidding for the 2015World ChampionshipsKey Personel:Tim MillarDavid Kalman

Sports Manage-ment Companyoriginally behindthe 2015 WorldChampionshipbid, and the Tourof IrelandDarach McQuaidTim MillarDavid KalmanDan RubinKirk Leidy(Former USACPresident)

International Business Investment Corporation

Grey Crown Resources

Paul SherwenGaryFitchet

Busitema Mining Co

Paul Sherwen (MD)

Canmin Resources

Hans HansenWilson Ongem

Tira Gold Mine

Shareholders Include:Paul SherwenLance ArmstrongMike PlantJim Ochowicz

On the board of USAC, as-sociate of Philip Anschutzand shareholder in PaulSherwens Ugandan goldmine

Mark HigginsArmstrongs long timeassociate and Man-ager. Boardmemberat CS&E

Sports entertainment com-pany that negotiated the

Radioshack deal. Also ma-jor donators to Livestrongvia the Wasserman Foun-

dation