DANIEL C. STATON

Mr. Staton founded Staton Capital LLC, a private investment firm, in 2003 and serves as Chairman and Managing Director. Mr. Staton serves as Chairman and Director of Armour Residential REIT (NYSE: ARR), since 2009 and served as President and Chief Executive Officer of Enterprise Acquisition Corp. from its inception in 2007 until its merger with Armour Residential REIT. Mr. Staton served as Chairman of the Board of Javelin Mortgage Investment Corp (NYSE: JMI), a mortgage REIT, from 2012 to 2015 when it was merged into Armour Residential REIT. Mr. Staton serves as Vice Chairman of the Board of Directors of Terran Orbital (NYSE: LLAP) from inception to present. From 1997 to 2007, Mr. Staton served as President of The Walnut Group, a private investment firm that has made over 20 private equity and venture capital investments. Prior to forming The Walnut Group, Mr. Staton served as General Manager and Partner of Duke Associates from 1981 to 1993. With its initial public offering, Mr. Staton became Chief Operating Officer and a Director of Duke Realty Investments, Inc. (NYSE: DRE), a real estate investment trust, from 1993 to 1997. Mr. Staton served as Chairman of the Board of Directors of Storage Trust Realty (NYSE: SEA), a real estate investment trust, from 1997 to 1999 and led its merger with Public Storage (NYSE: PSA), where he has served on the Board of Directors from 1999 through 2021. He served on the Board of Directors of Shurgard Self Storage since its IPO in 2018, through 2023. The Walnut Group was an initial investor and Mr. Staton served as Director of Build-a-Bear Workshop (NYSE: BBW), a specialty retailer with over 300 stores, from 1998 until its initial public offering in 2004. The Walnut Group was an initial investor in Deal$: Nothing Over a Dollar, a specialty retailer which grew from one location to over 65 locations until its sale to Supervalu Inc. in 2001. In connection with other investments by The Walnut Group, Mr. Staton served as a Director of Skylight Financial, a credit card company for the "underbanked," from 1998 until its sale in 2007 and as a Director of Changing Paradigms, a leader in private-label household products, from 1999 until its sale in 2006.

Mr. Staton has also invested in and served as a Director of United Sports Ventures, owner of three minor league baseball and four minor league hockey teams, from 1997 to 2002. Mr. Staton has co-produced or invested in numerous successful Broadway musicals, and plays including The Producers, Hairspray, Jersey Boys, and August: Osage County all of which won the Tony Award for "Best Musical" or "Best Play" as well as A Catered Affair and Smokey Joe's Cafe, Broadway's longest-running musical revue.

Mr. Staton majored in Finance at the University of Missouri and holds a B.S. degree in Specialized Business from Ohio University and a B.S. degree in Business (Management) from California Coast University. Mr. Staton has served as Executive in Residence at both the University of Missouri and Ohio University.

Mrs. Staton has served as our Chief Investment Officer and a Managing Director since our inception. She served as Corporate Secretary for Enterprise Acquisition Corp. from its inception in July 2007 to November 2009. Mrs. Staton founded Ariston Capital, an early stage investment company, where she served as Chief Executive Officer. Prior to founding Ariston Capital, Mrs. Staton was an Associate at Blue Chip Venture Company, a venture capital and leveraged buyout fund based in Cincinnati, Ohio. Prior to Blue Chip Venture Company, Mrs. Staton was an Associate in the Financial Institutions Group at A.T. Kearney, a management consulting firm, in New York. Prior to A.T. Kearney, Mrs. Staton was an Institutional Salesperson in the Fixed Income group at Union Bank of Switzerland in New York where she specialized in trading derivatives and structured products with U.S. branches of foreign commercial banks. Mrs. Staton began her career at Nomura Securities International, where she worked as a Quantitative Analyst on the equity derivatives trading desk.

Mrs. Staton holds an M.B.A. and M.S. degree in Real Estate from Massachusetts Institute of Technology and a B.A. degree in Applied Mathematics from Harvard College.