Resume of

Karl Schubert

408-***-**** (mobile)

acct3s@r.postjobfree.com

Certification & Education

California CPA #37195 / Level A / Active Status.

M.S. Taxation, Golden Gate University, San Francisco, California.

Highlights of Areas of Technical Tax Expertise

. ASC 740 (FAS 109 / IAS 12) corporate income tax provisions for world-

wide operations.

. ASC 270 (FIN 18 / APB 28) interim quarterly corporate income tax

provisions.

. ASC 740-10 (FIN 48) analysis, documentation, and

implementation for world-wide income tax risks.

. ASC 740-30-25-17 (APB 23) permanent reinvestment or deferred tax

recognition analysis.

. ASC 718 (FAS 123R & APB 25) tax impact of corporate stock options.

. ASC 450 (FAS 5) indirect taxation risks for sales tax, GST and VAT.

. Sarbanes Oxley 404 implementation and maintenance for

taxation, treasury, and insurance.

. Federal, California, and multiple-state corporate tax returns,

extensions, estimates, and payments.

. Forms 5471 processing with E&P determinations and Subpart F

calculations.

. Corporate acquisitions and spin-offs under IRC 338.

. IRC 382 NOL and R&D Credit limitation analysis for publicly-owned

corporations.

. IRS, California, Santa Clara County, and other state corporate tax

audits.

. State nexus determinations and doing-business registrations.

. Sales/use and property tax filings and audits for California, Santa

Clara County, and other states.

. R&D Credit calculations and qualification surveys.

. Subpart F calculations for FPHCO and foreign base company and IRC 956

income.

. Intercompany transfer pricing with affiliate R&D cost sharing and/or

cost-plus agreements.

. GST and VAT processing for Australian, Canadian and U.K. operations.

. Foreign corporation formation and reorganization in Canada, Mexico,

Germany and Dubai.

. International corporate taxation pertaining to

Australia, Brazil, Canada, Caymans, China, France,

Germany, Ireland, Israel, Italy, Japan, Korea, Mexico,

Netherlands, Singapore, Spain, Switzerland, U.K.

. Treasury funds investment and world-wide cash management

supervision.

. Treasury line of credit and covenant compliance

monitoring and reporting.

. Insurance management for property, casualty, business

interruption, and D&O policies.

. Professional development, supervision, and training of

staff tax accountants.

Recent Employment History with Detailed Tax Experience

Clifton Douglas LLP CPAs / Senior Tax Manager and Interim Tax

Director for clients of the firm.

Advisor on federal, international, state and local corporate

tax issues, including foreign corporate formation,

transfer pricing, corporate income tax provision reviews,

quarterly/interim tax provisions, corporate returns,

LLC's, IRS and California SBE audits, sales/use tax, VAT and

GST, Jan 2011 to present.

M-blox Inc. & Subsidiaries / $115 mil annual SaaS revenue.

Senior Manager / Head of Tax (one-person tax function), Sep

2008 to Dec 2010.

Performed all tax requirements for GAAP, tax planning,

compliance, and supervised outside tax advisors.

Implemented FIN 48 for domestic and international tax risks.

Tax savings of $331K from re-establishment of Federal and

California R&D credit filings.

Tax savings of $100K from Canadian GST refunds.

No-change determinations from NYS sales tax and Santa Clara

County property tax audits.

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Resume of Karl Schubert (continued)

Recent Employment History with Detailed Tax Experience (continued)

Ultra-tech Inc. & Subsidiaries / $112 mil annual equipment

sales.

Tax Director (supervised one sales tax assistant), Nov 2007 to

Feb 2008 (due to surgery).

Reviewed the out-sourced tax provision and in-house sales tax

returns.

Established a new German subsidiary corporation.

Reconciled overseas VAT exposures in Europe and Asia.

Required time-off for recovery from surgery (March to Sept

2008).

Macro-vision Corp. & Subsidiaries / $250 mil annual software

revenue.

Senior Tax Manager (supervised one corporate tax assistant),

Mar to Oct 2007 (due to downsizing).

Reviewed and supervised the in-house GAAP quarterly tax

provisions and corporate tax returns.

Implemented FIN 48 for domestic and international tax risks.

Performed Federal and California R&D Credit surveys of

software engineering departments.

Willis Lease Corp. & Subsidiaries / $75 mil annual leasing

revenue.

Tax Director (one-person tax function), Aug 2006 to Mar 2007

(due to restructuring).

Prepared the in-house GAAP quarterly and annual tax

provisions.

Reviewed and supervised the out-sourced corporate tax returns.

Reconciled overseas VAT exposures in Europe.

Sonic Solutions & Subsidiaries / $175 mil annual software

revenue.

Tax Director (supervised one corporate tax assistant), July

2004 to Aug 2006.

Created a new in-house tax function.

Tax savings of $150K from discovery of Canadian GST refunds

unclaimed.

Reviewed and supervised the in-house GAAP quarterly and annual

tax provisions and corporate returns.

Reconciled overseas VAT exposures in Europe and Asia with

$900K tax refunds.

Implemented Sarbanes-Oxley 404 for taxation, insurance, and

treasury.

Supervised treasury functions and insurance renewals.

Earlier Employment History

Accounting Network Temp Agency.

Interim International Tax Director, Oct 2002 to Jun 2004 for

the following:

Kinetics Inc. / $1.5 bil annual engineering revenue.

Global-star LLC / $150 mil annual telecom revenue.

Samsung Semiconductor Inc. / $2.5 bil annual semiconductor

sales. Senior Tax Manager, Oct 2000 to Sept 2002.

Varian/CPI Inc. / $250 mil annual telecom equipment sales. Tax

Compliance Manager, Jan 1997 to Sept 2000.

CPA Firm Experience

AY&Co. (now called E&Y) / San Jose & San Francisco. Tax Manager.

Concluded - Page 2

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