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 700/0 in QOZP QOZ Business Property 30 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00222372 DB-SDNY-0076188 EFTA01378912