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ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require
tion and training and a qualified professional engineer. Carlo holds an MBA from Columbia Business School and an MSc in Civil Engineering from the University of Rome, Italy. Charles Smith (49), Managing Partner and Chief Investment Officer. Based in London, Charles is a Managing Partner & Chief Investment Offic
ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require
tion and training and a qualified professional engineer. Carlo holds an MBA from Columbia Business School and an MSc in Civil Engineering from the University of Rome, Italy. Charles Smith (49), Managing Partner and Chief Investment Officer. Based in London, Charles is a Managing Partner & Chief Investment Offic
ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require
tion and training and a qualified professional engineer. Carlo holds an MBA from Columbia Business School and an MSc in Civil Engineering from the University of Rome, Italy. Charles Smith (49), Managing Partner and Chief Investment Officer. Based in London, Charles is a Managing Partner & Chief Investment Offic
ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require
tion and training and a qualified professional engineer. Carlo holds an MBA from Columbia Business School and an MSc in Civil Engineering from the University of Rome, Italy. Charles Smith (49), Managing Partner and Chief Investment Officer. Based in London, Charles is a Managing Partner & Chief Investment Offic
ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require
tion and training and a qualified professional engineer. Carlo holds an MBA from Columbia Business School and an MSc in Civil Engineering from the University of Rome, Italy. Charles Smith (49), Managing Partner and Chief Investment Officer. Based in London, Charles is a Managing Partner & Chief Investment Offic
Entities connected to both European Union and University of Rome

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Prince Charles
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