CHRIS HOEHN-SARIC CO-FOUNDER & MANAGING DIRECTOR Chris co-founded Sterling in 1983 and is a Managing Director of the firm. Prior to re-joining the Sterling team, Chris operated as CEO of portfolio company Educate, Inc. and Chairman and Co-CEO of Sylvan Learning Systems, Inc. Chris is a member of the Boards of Trustees for Johns Hopkins University and Sheridan Libraries. He attended Johns Hopkins University. REPRESENTATIVE PORTFOLIO COMPANIES Leman Manhattan Preparatory School Keypath Education Shorelight Education Amerigo

DR. FRANCISCO J. VACA CHIEF INVESTMENT OFFICER, DERIVATIVE STRATEGIES, STERLING PARTNERS QUANTITATIVE INVESTMENTS Dr. Vaca is the Chief Investment Officer, Derivative Strategies, of Sterling Partners Quantitative Investments (SPQI). Prior to SPQI, Dr. Vaca was the Co-Chief Investment Officer of Rabar Market Research, a hedge fund specializing in quantitative investment strategies in global derivatives. Before joining Rabar as Co-CIO, Dr. Vaca worked closely with Rabar on trading technology and the research and development of quantitative trading strategies as the Chief Executive Officer and Chief Investment Officer of Vaca Capital Management, a registered commodity pool operator and commodity trading advisor. Dr. Vaca began his career at Fermi National Accelerator Laboratory (Fermilab), where he led physics research using particle accelerators and the analysis of large quantities of statistical data. He earned his B.S. in Physics and Mathematics from the Universidad Michoacana de San Nicolás de Hidalgo and his M.S. and Ph.D. in Physics from the University of Illinois at Chicago.

DESMOND WERTHMAN PRESIDENT, STERLING PARTNERS QUANTITATIVE INVESTMENTS Des Werthman joined Sterling Fund Management in 2017, where he is currently employed, and serves as the President of Sterling Partners Quantitative Investments. Prior to Sterling, Des was the Founder, CIO, and Managing Member of Madra Asset Management. Before starting Madra, he was the Head of Manager Research and Co-CIO at Coast Asset Management, a $7 billion fund of hedge funds. While at Coast, Des was responsible for, among other things, overseeing the firm wide manager selection and due diligence process, portfolio level risk monitoring and hedging, as well as overseeing a team of seven analysts. Des also served as the Director of Alternative Research at the Bank of Montreal where he oversaw the due diligence process and risk management for a multibillion-dollar portfolio of commodity trading advisors. Des graduated from Columbia University with a B.A. in Political Science, was captain of the football team, member of the Columbia Sports Hall of Fame, and a member of the All Century Team.