Karl A. Maier

Credit Suisse Securities (USA) LLC (Credit Suisse Securities USA) is the broker/dealer division of Credit Suisse Securities (USA) LLC, an investment banking company headquartered in New York City. The firm was founded in 1998 and is a wholly owned subsidiary of Credit Suisse (USA), Inc., ultimately owned by Credit Suisse Group AG (SWX: CSGN) in Switzerland. Credit Suisse Securities USA offers a suite of equities, solutions and credit products and services which includes global securities sales, trading and execution, prime brokerage and comprehensive investment research. Their clients include financial institutions, corporations, governments, institutional investors, such as pension funds and hedge funds, and private individuals around the world.

Alta Equity Partners Inc (Alta Equity Partners) is a private equity firm founded in 1996 by Tim Dibble, Bill P. Egan and Brian W. McNeill. The firm is headquartered in Concord, Massachusetts.

UBS Securities LLC is an investment bank and registered broker/dealer headquartered in New York City. The firm was founded in 1998 as UBS Warburg LLC. They are a subsidiary of UBS Americas Holding LLC, ultimately held by UBS Group AG (SWX: UBSG, NYSE: UBS) in Switzerland. UBS Securities is a primary dealer in US Government securities and provides a full range of investment banking services which includes corporate finance, mergers and acquisitions, capital markets, trading and sales, fixed-income, equity research, private banking, underwriting and prime brokerage operations. The firm also provides advisory services and access to capital markets for corporate, institutional, intermediary and alternative asset management clients.

UMT Holdings LP provides real estate financing services. The company also purchases interim mortgage loans and provides residential mortgages and asset management services. It holds profit participation interests in United Development Funding and United Development Funding II LP. The company is headquartered in Richardson, TX

Morgan Stanley Investment Management, Inc. (MSIM) is an investment management firm headquartered in New York City. The firm was founded in 1975 and is a subsidiary of Morgan Stanley Domestic Holdings, Inc., ultimately held by Morgan Stanley (NYSE: MS). MSIM provides discretionary and non-discretionary investment management services and products to institutional clients and individual investors. The firm also advises clients as to the appropriate allocation of assets among multiple separate accounts and/or investment companies or other pooled vehicles that the firm advises.

United Development Funding II LP provides investment services. The private company is based in Grapevine, TX. The company was founded by Hollis M. Greenlaw. Hollis M. Greenlaw has been the CEO since incorporation.

United Development Funding III LP engages in the provision of real estate financing services. It intends to originate, acquire, service, and otherwise manage, either alone or in association with others, a portfolio of mortgage loans that are secured by real property or equity interests that hold real property already subject to other mortgages and to issue or acquire an interest in credit enhancements for the benefit of borrowers. The company was founded by Hollis M. Greenlaw in 2003 and is headquartered in Grapevine, TX.

Lacuna LLC (Lacuna Gap Capital) is a venture capital firm founded in 2006 by Rawleigh H. Ralls and Sandy Keziah. The firm is headquartered in Boulder, Colorado.

United Development Funding Land Opportunity Fund LP provides real estate services. The private company is based in Grapevine, TX. The company was founded by Hollis M. Greenlaw. Hollis M. Greenlaw has been the CEO since incorporation.

Morgan Stanley & Co. LLC is a registered broker-dealer subsidiary of Morgan Stanley Domestic Holdings, Inc., ultimately owned by Morgan Stanley (NYSE: MS) in the US. Headquartered in New York City, the firm was founded in 1987 and provides debt and equity services including underwriting, M&A advice, securities dealing and brokerage and trade execution. Their client base ranges from large global institutional investors to hedge funds at the cutting edge of innovation in the industry.

Harvard University engages in the provision of teaching and research. It has twelve degree-granting Schools in addition to the Radcliffe Institute for Advanced Study, offering a global education. The university was founded in 1636 and is headquartered in Cambridge, MA.

Genesis Select Corp. offers investor relations services. It includes Creating a compelling investment message, Preparing investor presentations, Organizing investor road shows Securing invitations to investor conferences and meetings, Establishing on-going dialog with investors, Developing databases of investor contacts and analysts, Improving shareholder identification programs and Expanding market maker relationships services. The company was founded in 1998 by Budd Zuckerman and is headquartered in Boulder, CO.

Stifel, Nicolaus & Co., Inc. (Stifel) is a dual-registered broker-dealer and investment adviser headquartered in St. Louis, Missouri. Founded in 1890, the firm is a subsidiary of Stifel Financial Corp. (NYSE: SF), a financial service holding company. Stifel provides full-service brokerage and investment advisory services to individuals and their families, institutions and businesses, and financial advisors.

California Institute of Technology provides education focusing on science, engineering, academia, business, and public service. The company was founded in 1891 and it is headquartered in Pasadena, CA.

Moody's Investors Service, Inc. is a credit rating and investment research firm headquartered in New York City. They are a subsidiary of Moody's Corp. (NYSE: MCO). The firm performs international financial research and analysis on commercial and government entities and provides a variety of analytic tools for assessing credit risk. Their clients include creditors, investment banks and commercial banks.

Northwestern University is a private institution founded in 1851 to serve the Northwest Territory, an area that now includes the states of Ohio, Indiana, Illinois, Michigan, Wisconsin and parts of Minnesota. Northwestern has three campuses

United Development Funding Income Fund V operates as a real estate investment trust. It aims to generate current interest income by investing in secured loans and producing profits from investments in residential real estate. The company was founded on October 1, 2013 and is headquartered in Grapevine, TX.

State Bar of Texas provides legal educational programming services. The private company is based in Austin, TX.

UMTH Land Development LP provides asset management services. The private company is based in Bedford, TX and has subsidiaries in the United States. The company was founded by Hollis M. Greenlaw and he has been the CEO since incorporation.

Williams & Connolly LLP provides legal services, focusing on litigation areas such as corporate, tax, and employment law. Its practice areas includes administrative law, antitrust, appellate, arbitration, business transactions and tax, criminal defense, employment and labor laws, federal programs, and national defense. The company was founded Edward Bennett Williams in 1967, and is headquartered in Washington, DC.

The District of Columbia Bar provides legal services. The private company is based in Washington.

Highway 12 Ventures, Inc. (Highway 12 Ventures) is a venture capital firm founded in 2000 by Mark Solon. The firm is headquartered in Boise, Idaho.

Project Lead the Way, Inc. is a national nonprofit organization that provides preK-12 students with teacher-empowered curriculum in computer science, engineering, biomedical science, and more. The private company's curriculum and professional development have supported teachers in creating an environment to make every student STEM successful. The company is based in Indianapolis, IN. Founded in 1997, David Dimmett has been the CEO of the company since 2022. The company has reached 2.5 million students in elementary, middle, and high schools in all 50 states, with over 100,000 trained teachers nationwide. The company offers a broad spectrum of funding resources, including STEM grants, to support schools' many needs.

Part of Asahi Kasei Corp., Erickson Framing AZ LLC provides construction services.

New Wood Resources LLC operates as a holding company which engages in producing and distribution of wood panels for industrial and commercial customers. The company is headquartered in Boise, ID.