Simplified Two-tiered Fund Structure QOZ Fund JV Partner JV Partner QOZ Fund REIT Min 90 in QOZB JV Partner Q0Z QOZ Business QOZ QOZ Business Business Bttsiness JV I LP JV II LP iVHILP in 70% in QOZ Min 70° in QOZPs in 70°A in QOZP QOZ Business Property 30 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00217406 DB-SDNY-0071222 EFTA01375666