BRIGHTLINE CAPITAL MANAGEMENT, LLC

Brightline Capital Management, LLC (Brightline) was established in 2005 and manages assets in two private funds (collectively known as "Funds"): Brightline Capital Partners, L.P. (BCP) and Brightline Capital Partners II, LP (BCP II). These Funds invest in a diverse range of assets, including equity and debt instruments, fixed income securities, convertible securities, derivatives, swaps, options, and other financial products. As of December 31, 2023, the Funds had approximately $196 million in assets under management. Brightline primarily serves applicable U.S. taxpayers, U.S. tax-exempt, and non-U.S. investors. The individuals and entities invested in the Funds are referred to as "Investors." Brightline manages assets on a discretionary basis, meaning they have the authority to make investment decisions on behalf of the Funds without prior approval from the Investors.

Brightline's investment philosophy is value-driven, emphasizing disciplined and thorough fundamental analysis and research. The firm seeks companies with robust fundamentals trading at a discount to their conservative estimate of the company's long-term cash flows. Brightline primarily invests using a bottom-up approach, concentrating on the unique business model of each company. Historically, most investments have been made in U.S.-based companies through U.S. financial markets. Brightline's investment strategy aims to generate superior absolute returns. They believe that prudent, fundamental stock selection, combined with appropriate position sizing and risk management, drives superior alpha generation. Furthermore, they continuously evaluate existing holdings against potential new portfolio additions to optimize the portfolio's risk/reward profile.

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