ARES MANAGEMENT - Key Persons

Job Titles:

• Member of the Ares Australia Management Team
• Partner
• Partner, Co - Head of Global Liquid Credit

Mr. Okuliar is a Partner in the Ares Credit Group, Co-Head of Global Liquid Credit, Portfolio Manager. Additionally, he serves as a member of the Ares Credit Group's European Liquid Credit and European Direct Lending Investment Committees. Prior to joining Ares in 2016, Mr. Okuliar was a Managing Director and Head of Capital Markets for Global Market Strategies at The Carlyle Group, where he focused on sourcing credit investment opportunities from banks and sponsors, syndicating excess risk, and developing new business opportunities. Previously, Mr. Okuliar was Head of Leveraged Capital Markets for UBS, where he focused on the structuring and market execution of leveraged loans, bridge financing and high yield bond placements. In addition, Mr. Okuliar was Head of High Yield Capital Markets and Syndicate at Barclays Capital in London. He has also worked for Banc of America Securities in Syndicated Finance and High Yield Capital Markets in the U.S. and London. Mr. Okuliar holds a B.S.B.A. from Georgetown University with a double major in Finance and International Business.

Job Titles:

• Member of the Ares Australia Management Team
• Partner
• Portfolio Manager
• Partner, Alternative Credit

Mr. Arduini is a Partner and Portfolio Manager in the Ares Credit Group, where he focuses on alternative credit investments. Mr. Arduini serves as a Vice President and Portfolio Manager for the Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC). Additionally, he serves as a member of the Ares Dynamic Credit Allocation Fund Investment Committee. Prior to joining Ares in 2011, Mr. Arduini was a Managing Director at Indicus Advisors LLP, where he focused on structured credit investment opportunities. Previously, Mr. Arduini was Director of Structured Credit in the Fixed Income Investment Group and a Manager in the Risk Management Group at TIAA-CREF. In addition, Mr. Arduini worked in the telecommunications and information technology industries in various systems, operations and management roles. Mr. Arduini holds a B.A. from Bucknell University in Mathematics and an M.S. from Stevens Institute of Technology in Mathematics. Mr. Arduini also holds an M.S. from Carnegie Mellon University in Computational Finance. Mr. Arduini is a CFA® charterholder and a member of the New York Society of Security Analysts.

Job Titles:

• Member of the Ares Australia Management Team
• Partner
• Partner, Credit Group

Mr. Margolies is a Partner in the Ares Credit Group and is Vice President of CION Ares Diversified Credit Fund. Additionally, Mr. Margolies serves as a member of the Ares Credit Group's Alternative Credit Investment Committee, the Ares Dynamic Credit Allocation Fund Investment Committee and the Ares Private Equity Group's Special Opportunities Investment Committee. Prior to joining Ares in 2009, Mr. Margolies served as a Managing Director and Global Head of Leveraged Finance and Capital Commitments at Merrill Lynch & Co. and was a member of the Executive Committee for Merrill Lynch's Global Investment Banking Group. Previously, Mr. Margolies was Co-Head of the DB Capital Mezzanine Fund. Mr. Margolies serves on the Board of Directors for the International Organization for Women and Development, the Advisory Council for University of Michigan's Life Science Institute and the Board of Trustees for The Juilliard School. Mr. Margolies holds a B.A. from the University of Michigan in International Economics and Finance and an M.B.A. from the University of Pennsylvania Wharton School of Business.

Job Titles:

• Member of the Ares Australia Management Team
• Partner and Co - Head of the Ares Global Credit
• Partner, Co - Head of Credit Group
• Portfolio Manager of CION Ares Diversified Credit Fund

Mr. Smith is a Partner and Co-Head of the Ares Global Credit Group. Additionally, Mr. Smith serves as Portfolio Manager of CION Ares Diversified Credit Fund ("CADEX"). He serves on the Ares Executive Management Committee. Additionally, he serves as a Director of Ares Capital Corporation (Nasdaq: ARCC) and previously served as Co-President of Ares Capital Corporation from July 2014 to October 2022 and Executive Vice President from May 2013 to July 2014. He is a member of the Ares Credit Group's U.S. Direct Lending and Commercial Finance Investment Committees, the Ivy Hill Asset Management Investment Committee, the Ares Private Equity Group's Special Opportunities Investment Committee, the Ares Secondaries Group's Private Equity Investment Committee, and the Ares Infrastructure Group's Infrastructure Opportunities, Climate Infrastructure Partners and Infrastructure Debt Investment Committees. Prior to joining Ares in 2004, Mr. Smith was a Partner at RBC Capital Partners, a division of Royal Bank of Canada, which led the firm's middle market financing and principal investment business. Previously, Mr. Smith worked at Indosuez Capital in their Merchant Banking Group, Kenter, Glastris & Company, and at Salomon Brothers Inc, in their Debt Capital Markets Group and Financial Institutions Group. Mr. Smith serves on the Board of Directors of the University of Notre Dame's Wilson Sheehan Lab for Economic Opportunity (LEO), which helps service providers apply scientific evaluation methods to better understand and share effective poverty interventions. Mr. Smith received a B.S. in Business Administration from the University of Notre Dame and a Masters in Management from Northwestern University's Kellogg Graduate School of Management. Mr. Smith is a Partner and Co-Head of the Ares Global Credit Group. Additionally, Mr. Smith serves as Portfolio Manager of CION Ares Diversified Credit Fund, and serves on the Ares Executive Management Committee.

Job Titles:

• Member of the Ares Australia Management Team
• Partner and Co - Head of the Ares Credit Group
• Partner, Co - Head of Credit Group

Mr. Goldstein is a Partner and Co-Head of the Ares Credit Group. He serves on the Ares Executive Management Committee. He additionally serves as Co-President of ARCC and Vice President and interested trustee of CION Ares Diversified Credit Fund. He is a member of the Ares Credit Group's U.S. Direct Lending and Commercial Finance Investment Committees and the Ivy Hill Asset Management Investment Committee. Prior to joining Ares Management in May 2005, Mr. Goldstein worked at Credit Suisse First Boston, where he was a Managing Director in the Financial Sponsors Group. At CSFB, Mr. Goldstein was responsible for providing investment banking services to private equity funds and hedge funds with a focus on M&A and restructurings as well as capital raisings, including high yield, bank debt, mezzanine debt, and IPOs. Mr. Goldstein joined CSFB in 2000 at the completion of the merger with Donaldson, Lufkin & Jenrette. From 1998 to 2000, Mr. Goldstein was at Indosuez Capital, where he was a member of the Investment Committee and a Principal, responsible for originating, structuring and executing leveraged transactions across a broad range of products and asset classes. From 1993 to 1998, Mr. Goldstein worked at Bankers Trust. He also serves on the Board of Managers of Ivy Hill Asset Management GP, LLC. Mr. Goldstein graduated summa cum laude from the State University of New York at Binghamton with a B.S. in Accounting and received an M.B.A. from Columbia University's Graduate School of Business. Mr. Goldstein serves on the Ares Executive Management Committee. He additionally serves as Co-President of ARCC and Vice President and interested trustee of CION Ares Diversified Credit Fund.

Job Titles:

• Member of the Ares Australia Management Team
• Partner, Portfolio Manager and Head of U.S. Liquid Credit Research

Ms. Milner is a Partner, Portfolio Manager and Head of U.S. Liquid Credit Research in the Ares Credit Group, where she is primarily responsible for managing Ares' U.S. bank loan credit strategies. Ms. Milner serves as a Vice President and one of four Portfolio Managers for the Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC). Additionally, she serves as a member of the Ares Credit Group's U.S. Liquid Credit Investment Committee and the Ares Dynamic Credit Allocation Fund Investment Committee. Prior to joining Ares in 2004, Ms. Milner was an Associate in the Financial Restructuring Group at Houlihan Lokey Howard & Zukin, where she focused on providing advisory services in connection with restructurings, distressed mergers and acquisitions and private placements. Ms. Milner serves on the Board of Directors of STEAM:CODERS, a not-for-profit organization focused on underrepresented and underserved students through Science, Technology, Engineering, Art, and Math (STEAM), in preparation for academic and career opportunities. Ms. Milner holds a B.B.A., with distinction, from Emory University's Goizueta Business School in Finance and Accounting.

Job Titles:

• Member of the Ares Australia Management Team
• Partner
• Partner, Co - Head of Global Liquid Credit

Mr. Brufsky is a Partner in the Ares Credit Group, Co-Head of Global Liquid Credit, Portfolio Manager. Mr. Brufsky also serves as a Director, President, Chief Executive Officer and Portfolio Manager of the Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC). Additionally, he serves as a member of the Ares Credit Group's U.S. Liquid Credit Investment Committee and the Ares Dynamic Credit Allocation Fund Investment Committee. Prior to joining Ares in 1998, Mr. Brufsky was a member of the Corporate Strategy and Research Group of Merrill Lynch & Co., where he focused on analyzing and marketing non-investment grade securities and was acknowledged by Institutional Investor as a member of the top-ranked credit analyst team during each year of his tenure. Previously, Mr. Brufsky was a member of the Institutional Sales and Trading Group of the Global Fixed Income Division at Union Bank of Switzerland. Mr. Brufsky serves on the Board of Directors of the Luminescence Foundation, a charitable giving organization. Mr. Brufsky holds a B.S. from Cornell University in Applied Economics and Business Management and an M.B.A., with honors, from the University of Southern California Marshall School of Business in Finance, where he was awarded the Glassick Scholarship for academic achievement.

Job Titles:

• Head
• Member of the Ares Australia Management Team
• Head of Ares Wealth Management Solutions, Australia

Mr. Benveniste is the Head of Ares Wealth Management Solutions, Australia (AWMS) and acts as a client portfolio manager for Australian investors. Prior to joining AWMS in January 2020, Mr Benveniste spent six and a half years at Macquarie Group most recently as the lead senior investment specialist for Macquarie fixed income in Australia, where he managed a team of investment and product specialists covering both retail and institutional investors. From 2006 to 2012, he was based in London working for Société Générale where he held trading, credit analyst and sales roles for loan syndications across Europe, the Middle East and Africa. Mr. Benveniste is the Head of Ares Wealth Management Solutions, Australia and acts as a client portfolio manager for Australian investors.