Jared Ruger PARTNER EXECUTIVE, INVESTMENT SINCE 2006 < Back FOCUS AREA Business Services EXPERIENCE Jared focuses primarily on Business Services investments. He has led or participated in Bertram's investments in BearCom, CreativeDrive, Spectrio, Author Solutions and Spireon. Prior to Bertram, Jared was with Oak Hill Capital Management where he evaluated investment opportunities across a broad range of industries. Prior to Oak Hill, Jared worked as a generalist in the Investment Banking group at Donaldson, Lufkin & Jenrette. BOARD AFFILIATIONS CURRENT BOARDS Bearcom EDUCATION Stanford University MBA, STANFORD GRADUATE SCHOOL OF BUSINESS Princeton University BACHELOR OF ARTS IN ECONOMICS, CUM LAUDE © 2021 Bertram Capital Management, LLC. All Rights Reserved. | Legal / Privacy 1. Employee of Bertram Labs, LLC 2. Past performance is no guarantee of future results Bertram Capital Management, LLC 950 Tower Lane, Suite 1000, Foster City, CA 94404 p: 650.358.5000 | f: 650.358.5001

Ryan Craig PARTNER EXECUTIVE, INVESTMENT SINCE 2006 < Back FOCUS AREA Consumer EXPERIENCE Ryan focuses on investments in the Consumer sector. He has led or participated in Bertram's investments in Bulk Reef Supply, Lectric eBikes, Solo Stove, Best Version Media, Trademark Global, ECS Tuning, Paula’s Choice, One Distribution, and Author Solutions. Prior to Bertram, Ryan worked on strategic transactions for Health Net. He also held positions with Mitchell Madison Group and Bizbuyer.com. BOARD AFFILIATIONS CURRENT BOARDS Best Version Media Bulk Reef Supply Lectric eBikes Trademark Global Solo Stove EDUCATION Stanford University SLOAN FELLOW, STANFORD GRADUATE SCHOOL OF BUSINESS Stanford University BACHELOR OF ARTS IN ECONOMICS © 2021 Bertram Capital Management, LLC. All Rights Reserved. | Legal / Privacy 1. Employee of Bertram Labs, LLC 2. Past performance is no guarantee of future results Bertram Capital Management, LLC 950 Tower Lane, Suite 1000, Foster City, CA 94404 p: 650.358.5000 | f: 650.358.5001

Fully featured e-bikes at market leading prices < Back LECTRIC EBIKES COMPANY OVERVIEW Direct-to-consumer designer and marketer of electric bicycles featuring functional designs, brand name components, and a growing complement of accessories. The XP, Lectric’s flagship model, has been widely cited as one of the best e-bikes under $1,000. LECTRIC EBIKES WEBSITE INVESTED December 2020 HEADQUARTERS Phoenix, AZ STATUS Current Investment ADD–ON ACQUISITION INTERESTS Bike, ebike, and related accessory brands and / or manufacturers Especially D2C brands Exited Exited Exited © 2021 Bertram Capital Management, LLC. All Rights Reserved. | Legal / Privacy 1. Employee of Bertram Labs, LLC 2. Past performance is no guarantee of future results Bertram Capital Management, LLC 950 Tower Lane, Suite 1000, Foster City, CA 94404 p: 650.358.5000 | f: 650.358.5001