gmt Co. • Additional 10% Incentive Fee of Net Appreciation which exceeds 2.5x return of S&P • Mgmt Co. is owned by Galloway, Braun and Kim • Galloway Holdings is a [C-corp]., established in [Delaware] • Preferred Shares will be exchangeable into LISTCO shares 5 EFTA_R1_01947039 EFTA02672823 Market