ANSON FUNDS MANAGEMENT LP

Anson Funds Management LP ("Anson"), a Texas limited partnership founded in January 2003, is a private investment advisory firm located in Dallas, TX. They specialize in providing investment advisory services to private pooled investment vehicles for sophisticated, qualified investors, including high net worth individuals, pension plans, funds of funds, family offices, endowments and other institutions. The sole manager and principal owner of Anson Management GP LLC, the general partner of Anson, is Tony Moore. Anson invests client assets in securities and other financial instruments, monitoring performance through reviews of short and long-term rates of return, investment diversification, and risk allocations. Investors receive written capital account statements quarterly, and audited financial statements and Federal Income Tax Form K-1s annually, if applicable.

The Fund's investment strategy involves constructing a concentrated portfolio of high-conviction positions, varying exposures based on market opportunities. The Co-Investment Advisors may maintain substantial cash balances if no high-conviction opportunities are available. While they do not currently anticipate using leverage, they may do so at any time in their sole discretion. The Co-Investment Advisors generally seek to achieve the objective of the Fund by maintaining a relatively liquid, well-diversified portfolio. Capital preservation is sought by making infrequent use of leverage and by limiting concentrations at the issuer, sector or factor level within the portfolio. The Co-Investment Advisors seek to generate capital appreciation in the portfolio by investing in the best opportunities available at a point in time within the Fund’s strategic framework, and by seeking asymmetric risk-return profiles in the market. Correlation with broad equity markets is minimized by maintaining low average net exposure over time.

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