Yorkville Advisors Global, Lp

Allegations: IN MAY 2022, YORKVILLE ADVISORS GLOBAL, LP SETTLED AN INVESTIGATION BY THE SWISS FEDERAL DEPARTMENT OF FINANCE REGARDING NON-COMPLIANCE WITH CERTAIN SHAREHOLDER DISCLOSURE OBLIGATIONS OF DERIVATIVE HOLDINGS IN THREE SWISS-LISTED COMPANIES. IN THE SETTLEMENT, YORKVILLE ADVISORS GLOBAL AGREED TO A SETTLEMENT AMOUNT OF CHF 80,000, PLUS CHF 1,560 RELATED TO THE COST OF THE PROCEEDINGS. IN RETURN THE SWISS FEDERAL DEPARTMENT OF FINANCE AGREED TO CLOSE THE MATTER. Status: Final Sanction Detail: N/A Summary: IN MAY 2022, YORKVILLE ADVISORS GLOBAL, LP SETTLED AN INVESTIGATION BY THE SWISS FEDERAL DEPARTMENT OF FINANCE REGARDING NON-COMPLIANCE WITH CERTAIN SHAREHOLDER DISCLOSURE OBLIGATIONS OF DERIVATIVE HOLDINGS IN THREE SWISS-LISTED COMPANIES. IN THE SETTLEMENT, YORKVILLE ADVISORS GLOBAL AGREED TO A SETTLEMENT AMOUNT OF CHF 80,000, PLUS CHF 1,560 RELATED TO THE COST OF THE PROCEEDINGS. IN RETURN THE SWISS FEDERAL DEPARTMENT OF FINANCE AGREED TO CLOSE THE MATTER.

Allegations: MR. ANGELO AS CHAIRMAN OF YORKVILLE ADVISORS, LLC, THE INVESTMENT MANAGER TO YA GLOBAL INVESTMENTS, L.P. (THE INVESTOR), AND YORKVILLE ADVISORS, LLC WERE FOUND LIABLE AND FINED JOINTLY AND SEVERALLY FOR (I) BREACH OF THE OBLIGATION TO LAUNCH A PUBLIC TENDER OFFER IN THREE DIFFERENT INSTANCES (PURSUANT TO ART. 106, PAR. 1 AND ART. 109, PAR 1 OF CONSOLIDATED LAW ON FINANCE) AND (II) THE BREACH OF THE BAN TO VOTE IN THE SHAREHOLDERS' MEETING SINCE THE PUBLIC TENDER OFFER HAD NOT BEEN LAUNCHED PRIOR TO THE SHAREHOLDERS' MEETING (PURSUANT TO ART. 110, AR. 1 OF CONSOLIDATED LAW OF FINANCE). Status: Final Sanction Detail: AT THE END OF THE SANCTIONARY PROCEEDING, CONSOB IMPOSED AN ADMINISTRATIVE PECUNIARY FINE AGAINST MR. ANGELO FOR A TOTAL AMOUNT OF 120,000 (EUROS) AND THAT MR. ANGELO AND YORKVILLE ADVISORS, LLC WERE JOINTLY AND SEVERALLY HELD LIABLE FOR THE PAYMENT OF SUCH FINE WHICH WAS PAID ON MAY 3, 2012. THE BREAK DOWN OF THE FINE WAS AS FOLLOWS: (I) 30,000 (EUROS) FOR EACH OF THE THREE INFRINGEMENTS OF THE COMBINED PROVISIONS OF ARTS. 106, SECTION 1 AND 109, SECTION 1 OF THE CONSOLIDATED LAW ON FINANCE FOR A TOTAL AMOUNT OF 90,000 (EUROS) AND (II) 30,000 (EUROS) FOR INFRINGEMENT OF ART. 110, SECTION 1 OF THE CONSOLIDATED LAW ON FINANCE. Summary: THE CONSOB RESOLUTION IMPOSING THE FINES WAS PAID ON MAY 3, 2012 AND AN APPEAL BY MR. ANGELO AND YORKVILLE ADVISORS, LLC FOR ITS ANNULMENT BEFORE THE REGIONAL ADMINISTRATIVE TRIBUNAL OF LAZIO WAS FILED ON MAY 10, 2012. ON MARCH 6, 2015, THE MILAN COURT OF APPEALS REJECTED THE APPEAL.