CYPRESS FUNDS LLC

Cypress has been in business since 1969 and provides investment advice to investment funds, and may in the future manage other accounts. Sumo Gupta is Cypress’s portfolio manager. Peter Carlton and Robert M. Miller, as Co-trustees of the RAD Guarantor Trust dated August 11, 2020, as amended (the “Trust”) are the principal owners Cypress. Cypress generally considers the amount and nature of the research, execution and other services provided by brokers as well as the extent to which the Funds rely on such services, and attempts to allocate brokerage transactions on that basis. Cypress believes that allocating brokerage transactions in this manner helps it obtain research and execution capabilities that benefit the Funds. Cypress's relationships with brokers that provide soft dollar services influence its judgment and create conflicts of interest in allocating brokerage business between firms that provide soft dollar services and firms that do not.

Cypress employs a bottom-up, fundamental research and analysis approach in its investment decision-making process. The primary goal is to maximize long-term capital appreciation for the Funds by taking long positions in securities that align with Cypress’s investment objectives. To enhance performance and hedge against market risk, Cypress may also take short positions in certain securities and generally uses a variety of investment techniques, including leverage. Cypress's investment strategy is not exhaustive, and there are no restrictions on the investments Cypress may make for the Funds. Cypress may use any trading or investment techniques, whether or not contemplated by the expected investment strategies described above. Depending on conditions and trends in securities and commodities markets and the economy generally, Cypress may pursue any objectives or use any techniques that it considers appropriate and in the Funds’ interests.

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