<SEC-DOCUMENT>0001213900-19-017163.txt : 20190903
<SEC-HEADER>0001213900-19-017163.hdr.sgml : 20190903
<ACCEPTANCE-DATETIME>20190903172948
ACCESSION NUMBER:		0001213900-19-017163
CONFORMED SUBMISSION TYPE:	40-APP/A
PUBLIC DOCUMENT COUNT:		10
FILED AS OF DATE:		20190903
DATE AS OF CHANGE:		20190903

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sierra Income Corp
		CENTRAL INDEX KEY:			0001523526
		IRS NUMBER:				452544432
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971
		FILM NUMBER:		191072845

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 759-0777

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Sierre Income Corp
		DATE OF NAME CHANGE:	20110714

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Medley Income Corp
		DATE OF NAME CHANGE:	20110616

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Medley Capital Corp
		CENTRAL INDEX KEY:			0001490349
		IRS NUMBER:				274576073
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-01
		FILM NUMBER:		191072833

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-759-0777

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Medley Capital BDC LLC
		DATE OF NAME CHANGE:	20100426

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEDLEY MANAGEMENT INC.
		CENTRAL INDEX KEY:			0001611110
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-02
		FILM NUMBER:		191072834

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE, 6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2127590777

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE, 6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sierra Management, Inc.
		CENTRAL INDEX KEY:			0001756343
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-03
		FILM NUMBER:		191072835

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 759-0777

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCC Advisors LLC
		CENTRAL INDEX KEY:			0001494085
		IRS NUMBER:				272427252
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-04
		FILM NUMBER:		191072836

	BUSINESS ADDRESS:	
		STREET 1:		375 PARK AVENUE
		STREET 2:		SUITE 3304
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10152
		BUSINESS PHONE:		212-759-0777

	MAIL ADDRESS:	
		STREET 1:		375 PARK AVENUE
		STREET 2:		SUITE 3304
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10152

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Medley (Aspect) Management LLC
		CENTRAL INDEX KEY:			0001758286
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-05
		FILM NUMBER:		191072843

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 759-0777

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCOF Management LLC
		CENTRAL INDEX KEY:			0001758282
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-06
		FILM NUMBER:		191072842

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 759-0777

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MOF III Management LLC
		CENTRAL INDEX KEY:			0001677614
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-07
		FILM NUMBER:		191072841

	BUSINESS ADDRESS:	
		STREET 1:		C/O MEDLEY CAPITAL CORPORATION
		STREET 2:		280 PARK AVENUE, 6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 759-0777

	MAIL ADDRESS:	
		STREET 1:		C/O MEDLEY CAPITAL CORPORATION
		STREET 2:		280 PARK AVENUE, 6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MOF II Management LLC
		CENTRAL INDEX KEY:			0001525230
		IRS NUMBER:				273770392
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-08
		FILM NUMBER:		191072840

	BUSINESS ADDRESS:	
		STREET 1:		375 PARK AVENUE, SUITE 3304
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10152
		BUSINESS PHONE:		(212) 759-0777

	MAIL ADDRESS:	
		STREET 1:		375 PARK AVENUE, SUITE 3304
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10152

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Medley Capital LLC
		CENTRAL INDEX KEY:			0001494087
		IRS NUMBER:				204276388
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-09
		FILM NUMBER:		191072839

	BUSINESS ADDRESS:	
		STREET 1:		375 PARK AVENUE
		STREET 2:		SUITE 3304
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10152
		BUSINESS PHONE:		212-759-0777

	MAIL ADDRESS:	
		STREET 1:		375 PARK AVENUE
		STREET 2:		SUITE 3304
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10152

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STRF Advisors LLC
		CENTRAL INDEX KEY:			0001675932
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-10
		FILM NUMBER:		191072838

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 759-0777

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOF Advisors LLC
		CENTRAL INDEX KEY:			0001692822
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-11
		FILM NUMBER:		191072837

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2127590777

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Medley SMA Advisors LLC
		CENTRAL INDEX KEY:			0001768300
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	812-14971-12
		FILM NUMBER:		191072844

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 759-0777

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-APP/A
<SEQUENCE>1
<FILENAME>f40app121918a4_sierraincome.htm
<DESCRIPTION>AMENDMENT TO FORM 40-APP
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">File
No. 812-14971</FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif; text-align: right"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">U.S.
SECURITIES AND EXCHANGE COMMISSION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOURTH
AMENDED AND RESTATED APPLICATION FOR AN ORDER PURSUANT TO SECTIONS 6(c) AND 57(c) OF THE INVESTMENT COMPANY ACT OF 1940 (THE &ldquo;1940
ACT&rdquo;), GRANTING EXEMPTIONS FROM THE PROVISIONS OF SECTIONS 12(d)(3) AND 57(a)(1) AND (2) OF THE 1940 ACT, AND UNDER SECTION
57(i) OF THE 1940 ACT AND RULE 17d-1 THEREUNDER TO PERMIT CERTAIN JOINT TRANSACTIONS OTHERWISE PROHIBITED BY SECTION 57(a)(4)
OF THE 1940 ACT</FONT> AND RULE 17d-1 THEREUNDER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIERRA
INCOME CORPORATION, MEDLEY CAPITAL CORPORATION, MEDLEY MANAGEMENT INC., SIERRA MANAGEMENT, INC., MCC ADVISORS LLC, SOF ADVISORS
LLC, STRF ADVISORS LLC, MEDLEY CAPITAL LLC, MOF II MANAGEMENT LLC, MOF III MANAGEMENT LLC, MEDLEY SMA ADVISORS LLC, MCOF MANAGEMENT
LLC, AND MEDLEY (ASPECT) MANAGEMENT LLC</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">280
Park Avenue, 6<SUP>th</SUP> Floor East</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
York, NY 10017</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>All
Communications, Notices, and Orders to:</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John
Fredericks, Esq.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
Management Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">280
Park Avenue, 6th Floor East</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
York, NY 10017</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Copy
to:</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Steven
B. Boehm, Esq.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payam
Siadatpour, Esq.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Eversheds
Sutherland (US) LLP</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">700
Sixth Street NW, Suite 700</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Washington,
D.C. 20001-3980</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">September
3, 2019</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TABLE
OF CONTENTS</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT>&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="5" STYLE="font-weight: bold; background-color: White; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; background-color: White; border-bottom: Black 1.5pt solid"><I>Page</I></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="5" STYLE="font-weight: bold"><A HREF="#a_001"> <FONT STYLE="font-size: 10pt">GLOSSARY OF DEFINED TERMS</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt">ii</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="5" STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="text-align: center; font-weight: bold"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>I.</B></FONT> </TD>
    <TD COLSPAN="4" STYLE="font-weight: bold"><A HREF="#a_002"> <FONT STYLE="font-size: 10pt"><B>INTRODUCTION</B></FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>1</B></FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="width: 0.3in; font-weight: bold"> &nbsp; </TD>
    <TD STYLE="width: 0.25in; font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="width: 0.25in; font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="width: 0.25in; font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="width: 0.5in; text-align: center; font-weight: bold"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>II.</B></FONT> </TD>
    <TD COLSPAN="4" STYLE="font-weight: bold"><A HREF="#a_003"> <FONT STYLE="font-size: 10pt"><B>GENERAL DESCRIPTION OF MEDLEY ADVISORS&rsquo; ENTITIES</B></FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>2</B></FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>A.</B></FONT> </TD>
    <TD COLSPAN="3" STYLE="font-weight: bold"><A HREF="#a_004"> <FONT STYLE="font-size: 10pt; font-weight: normal">Sierra Income Corporation</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">2</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>B.</B></FONT> </TD>
    <TD COLSPAN="3" STYLE="font-weight: bold"><A HREF="#a_005"> <FONT STYLE="font-size: 10pt; font-weight: normal">Medley Capital Corporation</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">2</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>C.</B></FONT> </TD>
    <TD COLSPAN="3" STYLE="font-weight: bold"><A HREF="#a_006"> <FONT STYLE="font-size: 10pt; font-weight: normal">Medley Management Inc.</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">2</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>D.</B></FONT> </TD>
    <TD COLSPAN="3" STYLE="font-weight: bold"><A HREF="#a_007"> <FONT STYLE="font-size: 10pt; font-weight: normal">Sierra Management, Inc.</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">3</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>E.</B></FONT> </TD>
    <TD COLSPAN="3" STYLE="font-weight: bold"><A HREF="#a_008"> <FONT STYLE="font-size: 10pt; font-weight: normal">The Investment Advisers</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">4</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="text-align: center; font-weight: bold"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>III.</B></FONT> </TD>
    <TD COLSPAN="4" STYLE="font-weight: bold"><A HREF="#a_009"> <FONT STYLE="font-size: 10pt"><B>THE PROPOSED BUSINESS COMBINATION</B></FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>4</B></FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>A.</B></FONT> </TD>
    <TD COLSPAN="3" STYLE="font-weight: bold"><A HREF="#a_010"> <FONT STYLE="font-size: 10pt; font-weight: normal">Applicants&rsquo; Representations</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">4</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>1.</B></FONT> </TD>
    <TD COLSPAN="2" STYLE="font-weight: bold"><A HREF="#a_011"> <FONT STYLE="font-size: 10pt; font-weight: normal">Background and Reasons for the Proposed Business Combination</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">4</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>2.</B></FONT> </TD>
    <TD COLSPAN="2" STYLE="font-weight: bold"><A HREF="#a_012"> <FONT STYLE="font-size: 10pt; font-weight: normal">Summary of
    Proposed Business Combination Transactions or the MDLY Merger, as applicable</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">5</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>3.</B></FONT> </TD>
    <TD COLSPAN="2" STYLE="font-weight: bold"><A HREF="#a_013"> <FONT STYLE="font-size: 10pt; font-weight: normal">History of
    the Proposed Business Combination or the MDLY Merger, as applicable</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">6</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>a.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_014"> <FONT STYLE="font-size: 10pt; font-weight: normal">Formation of Special Committees</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">6</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>b.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_015"> <FONT STYLE="font-size: 10pt; font-weight: normal">Description of the Transactions</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">6</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>c.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_016"> <FONT STYLE="font-size: 10pt; font-weight: normal">The Amended MCC Merger Agreement</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">7</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>d.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_017"> <FONT STYLE="font-size: 10pt; font-weight: normal">The Amended MDLY Merger Agreement</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">16</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>4.</B></FONT> </TD>
    <TD COLSPAN="2" STYLE="font-weight: bold"><A HREF="#a_018"> <FONT STYLE="font-size: 10pt; font-weight: normal">Additional Regulatory Approvals and Filings</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">27</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>a.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_019"> <FONT STYLE="font-size: 10pt; font-weight: normal">HSR Act</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">27</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>5.</B></FONT> </TD>
    <TD COLSPAN="2" STYLE="font-weight: bold"><A HREF="#a_020"> <FONT STYLE="font-size: 10pt; font-weight: normal">Overview
    of the Background of the Mergers</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">27</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold; padding-left: 0pt"> <FONT STYLE="font-size: 10pt"><B>a.</B></FONT> </TD>
    <TD COLSPAN="2" STYLE="font-weight: bold"><A HREF="#a_021"> <FONT STYLE="font-size: 10pt; font-weight: normal">Management&rsquo;s Conflicts of Interest and Role in the Mergers</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">28</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="padding-left: 0pt"> <B>b.</B> </TD>
    <TD COLSPAN="2"> <A HREF="#b_001">Phase 1 &ndash; Background of the Mergers</A> </TD>
    <TD STYLE="text-align: center"> 29 </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="padding-left: 0pt"> <B>c.</B> </TD>
    <TD COLSPAN="2"> <A HREF="#b_002">Phase 1 &ndash; Reasons for the Mergers</A> </TD>
    <TD STYLE="text-align: center"> 61 </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="padding-left: 0pt"> <B>d.</B> </TD>
    <TD COLSPAN="2"> <A HREF="#b_003">Phase 2 &ndash; Background of the Mergers</A> </TD>
    <TD STYLE="text-align: center"> 72 </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="padding-left: 0pt"> <B>e.</B> </TD>
    <TD COLSPAN="2"> <A HREF="#b_004">Phase 2 &ndash; Reasons for the Mergers</A> </TD>
    <TD STYLE="text-align: center"> 122 </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>B.</B></FONT> </TD>
    <TD COLSPAN="3" STYLE="font-weight: bold"><A HREF="#a_027"> <FONT STYLE="font-size: 10pt; font-weight: normal">Legal Analysis</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">136</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>1.</B></FONT> </TD>
    <TD COLSPAN="2" STYLE="font-weight: bold"><A HREF="#a_028"> <FONT STYLE="font-size: 10pt; font-weight: normal">Sections 57(a)(1), (2) and (4)</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">136</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>a.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_029"> <FONT STYLE="font-size: 10pt; font-weight: normal">Applicable Law</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">136</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>b.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_030"> <FONT STYLE="font-size: 10pt; font-weight: normal">Need for Relief</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">137</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>c.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_031"> <FONT STYLE="font-size: 10pt; font-weight: normal">Requested Exemptions</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">137</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>d.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_032"> <FONT STYLE="font-size: 10pt; font-weight: normal">Precedents</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">137</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>e.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_033"> <FONT STYLE="font-size: 10pt; font-weight: normal">Legal Arguments</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">138</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>2.</B></FONT> </TD>
    <TD COLSPAN="2" STYLE="font-weight: bold"><A HREF="#a_034"> <FONT STYLE="font-size: 10pt; font-weight: normal">Section 12(d)(3)</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">143</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>a.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_036"> <FONT STYLE="font-size: 10pt; font-weight: normal">Applicable Law</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">143</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>b.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_037"> <FONT STYLE="font-size: 10pt; font-weight: normal">Need for Relief</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">143</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>c.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_038"> <FONT STYLE="font-size: 10pt; font-weight: normal">Requested Exemptions</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">144</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>d.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_039"> <FONT STYLE="font-size: 10pt; font-weight: normal">Legal Arguments</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">144</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>e.</B></FONT> </TD>
    <TD STYLE="font-weight: bold"><A HREF="#a_040"> <FONT STYLE="font-size: 10pt; font-weight: normal">Conclusion</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">147</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="text-align: center; font-weight: bold"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>IV.</B></FONT> </TD>
    <TD COLSPAN="4" STYLE="font-weight: bold"><A HREF="#a_041"> <FONT STYLE="font-size: 10pt"><B>APPLICANTS&rsquo; CONDITIONS</B></FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>147</B></FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> <B>&nbsp;</B> </TD>
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="text-align: center; font-weight: bold"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>V.</B></FONT> </TD>
    <TD COLSPAN="4" STYLE="font-weight: bold"><A HREF="#a_042"> <FONT STYLE="font-size: 10pt"><B>PROCEDURAL MATTERS</B></FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>149</B></FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>A.</B></FONT> </TD>
    <TD COLSPAN="3" STYLE="font-weight: bold"><A HREF="#a_043"> <FONT STYLE="font-size: 10pt; font-weight: normal">Communications</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">149</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold"> &nbsp; </TD>
    <TD STYLE="font-weight: bold"> <FONT STYLE="font-size: 10pt"><B>B.</B></FONT> </TD>
    <TD COLSPAN="3" STYLE="font-weight: bold"><A HREF="#a_044"> <FONT STYLE="font-size: 10pt; font-weight: normal">Authorizations</FONT> </A></TD>
    <TD STYLE="text-align: center; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">149</FONT> </TD></TR>
</TABLE>


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U><A NAME="a_001"></A>GLOSSARY
OF DEFINED TERMS</U></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 27%; padding-right: 0.5pt; padding-left: 0.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Advisers
                                         Act</B></FONT></P></TD>
    <TD STYLE="width: 73%; padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         Investment Advisers Act of 1940, as amended</FONT></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Amended
    MCC Merger Agreement</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">That
    certain Amended and Restated Agreement and Plan of Merger, dated as of July 29, 2019, by and between MCC and Sierra</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Amended
    MDLY Merger Agreement</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">That
    certain Amended and Restated Agreement and Plan of Merger, dated as of July 29, 2019, by and among MDLY, Sierra and Merger
    Sub</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>BDC</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
    company that has elected, under Section 54 of the 1940 Act, to be regulated as a business development company</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Code</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Internal Revenue Code of 1986, as amended</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Combined
    Company</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sierra,
    including Merger Sub, its wholly owned subsidiary, following the Proposed Business Combination</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Combined
                                         Company Board</B></FONT></P></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         Combined Company&rsquo;s board of directors</FONT></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Combined
    Company Common Stock</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common
    stock, par value $0.001 per share, of Sierra, which will be listed on the NYSE and is expected to be listed on the TASE, with
    such listings expected to be effective as of the closing date of the Mergers</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Combined
    Company Stockholders</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    holders of the Combined Company Common Stock</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Consolidating
                                         Entities</B></FONT></P></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sierra,
                                         MCC, MDLY and Medley LLC</FONT></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Delaware
    Court of Chancery</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Court of Chancery of the State of Delaware</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Delaware
    Decision</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Memorandum Opinion issued on March 11, 2019 and revised on March 22, 2019 by the Delaware Court of Chancery in connection
    with the MCC Stockholder Action</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DGCL</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    General Corporation Law of the State of Delaware;</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DOJ</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Antitrust Division of the U.S. Department of Justice</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Effective
                                         Time</B></FONT> </P></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         time at which the Proposed Business Combination or the MDLY Merger, as applicable, is
                                         effected</FONT> </P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Eligible
    Class Members</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    class members who hold shares of MCC Common Stock at the MCC Merger Closing and therefore are entitled to receive a portion
    of the MCC Merger Consideration (as defined herein). For the avoidance of doubt, the Eligible Class Members exclude all Excluded
    Stockholders.     Excluded Stockholders are stipulating defendants, their immediate family, Sierra and any person, firm,
    trust, corporation,     joint venture, partnership, foundation or other entity related to or affiliated with any of the
    stipulating defendants, members     of their immediate families or Sierra (as such terms are defined in the
    Settlement)</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Excluded
    MCC Shares</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares
    of MCC Common Stock owned by MCC, Sierra, or any wholly owned subsidiary of MCC or Sierra</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Excluded
    MDLY Shares</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares
    of MDLY Class A Common Stock held by MDLY, Sierra, or any wholly owned subsidiary of&nbsp;&nbsp;MDLY or Sierra </FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FTC</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">U.S.
    Federal Trade Commission</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>GAAP</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">United
    States generally accepted accounting principles</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Go-Shop
    Period</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    60 day &ldquo;go shop&rdquo; period provided for in Section 7.10 of the Amended MCC Merger Agreement, which expires on September&nbsp;27,
    2019&nbsp;at 12:01 A.M.&nbsp;</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>HSR
    Act</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hart-Scott-Rodino
    Antitrust Improvements Act of 1976, as amended</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Independent
    Director</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
    respect to directors of MCC, Sierra and the Combined Company or the Sierra/MDLY Company, as applicable, a person who is not
    an interested person as defined under Section 2(a)(19) of the 1940 Act, and; for MDLY, a person who is neither an officer
    of, nor otherwise affiliated with, any of the other Consolidating Entities, other than through his or her directorship with
    MDLY, and; with respect to each of the Consolidating Entities, a person who does not own more than 5% of the shares of any
    other Consolidating Entity. </FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Management</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    senior professionals of Medley Advisors, consisting of Brook Taube, Seth Taube, Richard T. Allorto, Jr., John D. Fredericks,
    Samuel Anderson, and Christopher Taube</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
    Capital Corporation, a publicly traded BDC</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ii<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; width: 27%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
    Adverse Recommendation Change</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; width: 73%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
    action of the MCC Board or a committee thereof to (i) withhold, withdraw or modify or qualify, or propose publicly to withhold,
    withdraw or modify or qualify the MCC Board Recommendation, (ii) fail to publicly announce, within 15 business days after
    a tender offer or exchange relating to the securities of MCC shall have been commenced, a statement disclosing that the MCC
    Board recommends rejection of such tender offer or exchange offer, or (iii) approve, determine to be advisable, or recommend,
    or propose publicly to approve, determine to be advisable, or recommend, any MCC Merger Competing Proposal</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; width: 27%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
    Advisors</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; width: 73%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MCC
    Advisors LLC, the registered investment adviser to MCC</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
    Board</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MCC&rsquo;s
    board of directors</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
    Common Stock</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MCC&rsquo;s
    shares of common stock, par value $0.001 per share</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
    Investment Management Agreement</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Amended and Restated Investment Management Agreement by and between MCC and MCC Advisors, dated January 19, 2014</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
    Merger Agreement</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">That
    certain Agreement and Plan of Merger, dated as of August 9, 2018, by and between MCC and Sierra</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
    Merger Competing Proposal</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
    inquiry, proposal or offer made by any third party: (a) to purchase or otherwise acquire, directly or indirectly, in one transaction
    or a series of transactions (including any merger, consolidation, tender offer, exchange offer, stock acquisition, asset acquisition,
    binding share exchange, business combination, recapitalization, liquidation, dissolution, joint venture or similar transaction),
    (i) beneficial ownership (as defined under Section 13(d) of the 1934 Act) of 20% or more of any class of equity securities
    of MCC or Sierra, as applicable, or (ii) any one or more assets or businesses of MCC or its subsidiaries or Sierra or its
    subsidiaries that constitute 20% or more of the revenues or assets of MCC and its subsidiaries, taken as a whole, or Sierra
    and its subsidiaries, taken as a whole, as applicable; or (b) any liquidation of MCC or Sierra, in each case other than the
    MCC Merger and the other transactions to occur at the MCC Merger Closing in accordance with the MCC Merger Agreement. <FONT STYLE="background-color: white">In
    addition, during the Go-Shop Period and ending on the No-Shop Period Start Date (as defined herein) (or thereafter, for so
    long as the third party is an Excluded Party (as defined in the Amended MCC Merger Agreement)), a MCC Merger Competing Proposal
    includes any inquiry, proposal or offer made by any third party to become the primary investment manager of MCC or Sierra,
    as applicable (including by an assignment or novation of, or similar transaction involving, the MCC Investment Management
    Agreement or the Sierra Investment Advisory Agreement) other than the MCC Merger and the other transactions to occur at Closing
    in accordance with the Amended MCC Merger Agreement (a&nbsp;<B><I>&ldquo;Manager Competing Proposal&rdquo;</I></B>)</FONT></FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
    Merger Superior Proposal</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
                                         bona fide written MCC Merger Competing Proposal (but with all references to &ldquo;20%&rdquo;
                                         in the definition of MCC Merger Competing Proposal being increased to &ldquo;50%&rdquo;
                                         to the extent relevant to the MCC Merger Competing Proposal in question) made by a third
                                         party that the MCC Special Committee or the Sierra Special Committee, as applicable,
                                         determines in good faith, after consultation with its outside financial advisors and
                                         legal counsel, and taking into account the terms and conditions of such proposal, the
                                         party making such proposal, all financial, legal, regulatory and other aspects of such
                                         proposal, as well as the likelihood of consummation of the MCC Merger Competing Proposal
                                         relative to the MCC Merger and such other factors as the MCC Special Committee or Sierra
                                         Special Committee, as applicable, considers in its discretion to be appropriate, (1)
                                         is more favorable to the MCC Stockholders (including any revisions to the terms of the
                                         Amended MCC Merger Agreement) or (2) is superior to the transactions contemplated by
                                         the Amended MCC Merger Agreement and in the best interests of the MCC Stockholders or
                                         the Sierra Stockholders, as applicable, in the case of MCC Manager Competing Proposal)</FONT> </P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
    Record Date</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    record date for determination of the MCC Stockholders of record entitled to vote at the MCC Special Meeting, which is the
    close of business on [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;], 2019</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
                                         Special Meeting</B></FONT></P></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Special
                                         meeting of the MCC Stockholders</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->iii<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; width: 27%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
    Stockholder Action</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; width: 73%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    consolidated actions pending in the Delaware Court of Chancery under caption of <I>In re Medley Capital Corporation Stockholder
    Litigation</I>, C.A. No. 2019-0100-KSJM</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MCC
    Stockholder Approval</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    affirmative vote of the holders of a majority of the outstanding shares of MCC common stock</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
    Management Inc., a publicly traded asset management firm, which in turn is controlled by Medley Group LLC, an entity wholly
    owned by Management</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY
    Adverse Recommendation Change</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
    action taken by the MDLY Board or a committee thereof to (i) withhold, withdraw or modify or qualify, or propose publicly
    to withhold, withdraw or modify or qualify a MDLY Board Recommendation, (ii) fail to publicly announce, within 15 business
    days after a tender offer or exchange relating to the securities of MDLY shall have been commenced, a statement disclosing
    that the MDLY Board recommends rejection of such tender offer or exchange offer, or (iii) approve, determine to be advisable,
    or recommend, or propose publicly to approve, determine to be advisable, or recommend, any MDLY Merger Competing Proposal
    (as applicable)</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY
    Board</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MDLY&rsquo;s
    board of directors</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY
    Common Stock</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MDLY
    Class A Common Stock and MDLY Class B Common Stock, collectively</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY
    Incentive Plan</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Medley Management Inc. 2014 Omnibus Incentive Plan</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY
    Merger Agreement</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">That
    certain Agreement and Plan of Merger, dated as of August 9, 2018, by and among MDLY, Sierra, and Merger Sub</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY
    Merger Competing Proposal</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
                                                                               inquiry, proposal or offer made by any third party: (a) to purchase or otherwise acquire,
                                                                               directly or indirectly, in one transaction or a series of transactions (including any
                                                                               merger, consolidation, tender offer, exchange offer, stock acquisition, asset acquisition,
                                                                               binding share exchange, business combination, recapitalization, liquidation, dissolution,
                                                                               joint venture or similar transaction), (i) beneficial ownership (as defined under Section
                                                                               13(d) of the 1934 Act) of twenty percent (20%) or more of any class of equity securities
                                                                               of MDLY or Sierra, as applicable, or (ii) any one or more assets or businesses of MDLY
                                                                               or its subsidiaries or Sierra or its subsidiaries that constitute twenty percent (20%)
                                                                               or more of the revenues or assets of MDLY and its subsidiaries, taken as a whole, or
                                                                               Sierra and its subsidiaries, taken as a whole, as applicable; or (b) any liquidation
                                                                               of MDLY or Sierra, as applicable, in each case other than the MDLY Merger and the other
                                                                               transactions to occur at closing in accordance with the Amended MDLY Merger Agreement.
                                                                               During the Go-Shop Period and ending on the No-Shop Period Start Date (as defined herein),
                                                                               a MDLY Merger Competing Proposal includes any inquiry, proposal or offer made by any
                                                                               third party to become the primary investment manager of Sierra (including by an assignment
                                                                               or novation of, or similar transaction involving, the Sierra Investment Advisory Agreement)
                                                                               (a &ldquo;<B><I>MDLY Merger Manager Competing Proposal</I></B>&rdquo;); commencing on
                                                                               the No-Shop Period Start Date, in no event shall a MDLY Merger Manager Competing Proposal
                                                                               constitute a MDLY Merger Competing Proposal. For the avoidance of doubt, after 11:59
                                                                               p.m. (Eastern Time) on the 14th day following the No-Shop Period Start Date, any third
                                                                               party which previously had been an Excluded Party (as defined in the Amended MCC Merger Agreement) will no longer be considered an
                                                                               Excluded                                          Party and all further interactions between MCC and any such third party
                                                                               shall be subject                                          to terms and conditions of the Amended MCC Merger Agreement as if
                                                                               it is not an Excluded                                          Party</FONT> </P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->iv<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; width: 27%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY
    Merger Superior Proposal</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; width: 73%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
                                         bona fide written MDLY Merger Competing Proposal made by a third party that the MDLY
                                         Board or the MDLY Special Committee or the Sierra Board or Sierra Special Committee,
                                         as applicable, determines in good faith, after consultation with its outside financial
                                         advisors and legal counsel, and taking into account the terms and conditions of such
                                         proposal, the party making such proposal, all financial, legal, regulatory and other
                                         aspects of such proposal, as well as the likelihood of consummation of the MDLY Merger
                                         Competing Proposal relative to the MDLY Merger and such other factors as the MDLY Board
                                         (or MDLY Special Committee) or Sierra Board (or Sierra Special Committee), as applicable,
                                         considers to be appropriate, (1) is more favorable to the MDLY Stockholders or the Sierra
                                         Stockholders, as applicable, from a financial point of view than the MDLY Merger and
                                         the other transactions contemplated by the Amended MDLY Merger Agreement (including any
                                         revisions to the terms of the Amended MDLY Merger Agreement committed to by Sierra to
                                         MDLY in writing in response to such MDLY Merger Competing Proposal made to MDLY or by
                                         MDLY to Sierra in writing in response to such MDLY Merger Competing Proposal made to
                                         Sierra under certain matching rights provided for in the case of a MDLY Merger Competing
                                         Proposal other than a MDLY Merger Manager Competing Proposal; provided however, for these
                                         purposes, to the extent relevant to the MDLY Merger Competing Proposal in question, all
                                         percentages in subsections (a)(i) and (a)(ii) of the definition of MDLY Merger Competing
                                         Proposal shall be increased to fifty percent (50%); or (2)&nbsp;is superior to the transactions
                                         contemplated by the Amended MDLY Merger Agreement and in the best interests of the Sierra
                                         Stockholders in the case of MDLY Merger Manager Competing Proposal. Commencing on the
                                         No-Shop Period Start Date, in no event shall a MDLY Merger Manager Competing Proposal
                                         constitute a MDLY Merger Superior Proposal unless (i) it is a MDLY Merger Competing Proposal
                                         under subsections (a) or (b) of the definition of &ldquo;MDLY Merger Competing Proposal&rdquo;
                                         and (ii) the Sierra Board or the Sierra Special Committee, as applicable, has determined
                                         in good faith, after consultation with its outside financial advisors and legal counsel,
                                         and taking into account the terms and conditions of such proposal, the party making such
                                         proposal, all financial, legal, regulatory and other aspects of such proposal, as well
                                         as the likelihood of consummation of such MDLY Merger Competing Proposal relative to
                                         the MDLY Merger and such other factors as the Sierra Board or Sierra Special Committee,
                                         as applicable, considers to be appropriate, such MDLY Merger Competing Proposal satisfies
                                         the requirements of clause (1) above</FONT> </P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY
    Record Date</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    record date for determination of the MDLY Stockholders of record entitled to vote at the MDLY Special Meeting, which is the
    close of business on [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;], 2019</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY
    RSUs</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    restricted stock units of MDLY outstanding and not previously forfeited under the MDLY Incentive Plan</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY
    Special Meeting</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Special
    meeting of the MDLY Stockholders</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDLY
    Stockholder Approval</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Approval
    of the holders of a majority of the voting power of the outstanding shares of MDLY Common Stock as of the MDLY Record Date</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Medley
    Advisors</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Collectively,
    the activities and operations of Medley LLC and its subsidiaries </FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Medley
    LLC Restricted Units</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    restricted Medley LLC Units outstanding and not previously forfeited</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Medley
    LLC Units</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    limited liability company units of Medley LLC</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Medley
    LLC Unitholders</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    holders of Medley LLC Units, including any person who holds one or more Medley LLC Units at any time on or after July 29,
    2019 and prior to the MDLY Merger Effective Time </FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MGCL</B></FONT></P>
                                                          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Non-Vesting
        Medley Restricted Units</B></FONT> </P></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maryland
        General Corporation Law</FONT></P>
                                                                               <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain
        recently granted restricted Medley LLC Units held by members of Medley LLC</FONT> </P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NYSE</B></FONT> </P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT> </P></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    New York Stock Exchange</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Proposed
    Business Combination</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    proposed mergers described herein between and among the Consolidating Entities, assuming both the MCC Merger and the MDLY
    Merger are consummated, as contemplated by the MCC Merger Agreement and the MDLY Merger Agreement, or the Amended MCC Merger
    Agreement and the Amended MDLY Merger Agreement, as applicable</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ROE</B></FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Return
    on equity </FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SBA</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Small Business Administration</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SBIC
    Subsidiary</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
    SBIC, LP</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->v<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; width: 27%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SEC</B></FONT></P>
                                                          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Settlement</B></FONT> </P></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; width: 73%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
        U.S. Securities and Exchange Commission</FONT></P>
                                                                               <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
        Stipulation of Settlement entered into by and among MDLY, MCC, Brook Taube, Seth Taube, Jeff Tonkel, Mark Lerdal, Karin
        Hirtler-Garvey, John E. Mack, Arthur S. Ainsberg, MCC Advisors, Medley LLC and Medley Group LLC, on the one hand, and
        FrontFour Capital Group LLC and FrontFour Master Fund, Ltd., on behalf of themselves and a class of similarly situated
        stockholders of MCC, on the other hand, on July 29, 2019 and, as amended on August 8, 2019</FONT> </P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIC
    Advisors</B></FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIC
    Advisors LLC, the registered investment adviser to Sierra</FONT></TD></TR>

<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 27%; padding-right: 5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt">Sierra</FONT></TD>
    <TD STYLE="width: 73%; padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">Sierra Income Corporation, a non-traded BDC, as existing prior to the Effective Time</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt">Sierra Board</FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">Sierra&rsquo;s board of directors</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt">Sierra Bylaws</FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">The bylaws of Sierra</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"> <FONT STYLE="font-size: 10pt">Sierra
    Charter</FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">The
    Second Articles of Amendment and Restatement of Sierra, as supplemented and amended by those certain Articles Supplementary,
    which were accepted for record by the State of Department of Assessments and Taxation for the State of Maryland on October
    5, 2015</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold"> <FONT STYLE="font-size: 10pt">Sierra Common Stock</FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">Sierra&rsquo;s
    shares of common stock, par value $0.001 per share</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt">Sierra Incentive Plan</FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">An incentive plan to be adopted by Sierra</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Sierra Investment Advisory Agreement</FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">The Amended and Restated Investment Advisory Agreement by and between Sierra and SIC Advisors, dated April 6, 2012</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Sierra MCC Merger Adverse Recommendation Change</FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">Any action taken by the Sierra Board or a committee thereof to (i) withhold, withdraw or modify or qualify, or propose publicly to withhold, withdraw or modify or qualify the Sierra Board Recommendation, (ii) fail to publicly announce, within 15 business days after a tender offer or exchange relating to the securities of Sierra shall have been commenced, a statement disclosing that Sierra Board recommends rejection of such tender offer or exchange offer, or (iii) approve, determine to be advisable, or recommend, or propose publicly to approve, determine to be advisable, or recommend, any &ldquo;MCC Merger Competing Proposal&rdquo;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold"> <FONT STYLE="font-size: 10pt">Sierra/MDLY Company</FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">Sierra,
    including Merger Sub, its wholly owned subsidiary, assuming the MDLY Merger is consummated and the MCC Merger is not consummated</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold"> <FONT STYLE="font-size: 10pt">Sierra/MDLY Company
    Board</FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">The
    board of directors of the Sierra/MDLY Company</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold"> <FONT STYLE="font-size: 10pt">Sierra/MDLY Company
    Common Stock</FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">Common
    stock, par value $0.001 per share, of Sierra, which will be listed on the NYSE, with such listing expected to be effective
    as of the closing date of the MDLY Merger, assuming that the MDLY Merger is consummated and the MCC Merger is not consummated</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold"> <FONT STYLE="font-size: 10pt">Sierra/MDLY Company
    Stockholders</FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">The
    holders of the Sierra/MDLY Company Common Stock</FONT> </TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->vi<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 27%; padding-right: 5pt; padding-left: 0.5pt; text-align: left; font-weight: bold"><FONT STYLE="font-size: 10pt">Sierra MDLY Merger Adverse Recommendation Change</FONT></TD>
    <TD STYLE="width: 73%; padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">Any action taken by the Sierra Board or a committee thereof to (i) withhold, withdraw or modify or qualify, or propose publicly to withhold, withdraw or modify or qualify, the Sierra Board Recommendation, (ii) fail to publicly announce, within 15 business days after a tender offer or exchange relating to the securities of Sierra shall have been commenced, a statement disclosing that the Sierra Board recommends rejection of such tender offer or exchange offer, or (iii) approve, determine to be advisable, or recommend, or propose publicly to approve, determine to be advisable, or recommend, any &ldquo;MDLY Merger Competing Proposal&rdquo;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: left; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left"> <FONT STYLE="font-size: 10pt">Sierra
    Record Date</FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">The
    record date for determination of the Sierra Stockholders of record entitled to vote at the Sierra Special Meeting, which is
    the close of business on [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;], 2019</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">Sierra Special Meeting</FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">Special meeting of the Sierra Stockholders</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: left">
        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">Sierra
Stockholder Approval</P></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">The affirmative vote of the holders of a majority of the outstanding shares of Sierra common stock</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left"> Tax Receivable Termination Agreement </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">That
    certain Amended and Restated Termination Waiver and Lockup Agreement attached to the Amended MDLY Merger Agreement as Exhibit
    A</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left"> <FONT STYLE="font-size: 10pt">Term Sheet</FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: normal; font-style: normal"> The
    term sheet (which became terminable on May 15, 2019) setting forth certain terms to be memorialized in a mutually agreeable
    settlement stipulation subject to approval by the Delaware Court of Chancery in connection with the MCC Stockholder Action,
    dated April 15, 2019, among Brook Taube, Seth Taube, Jeff Tonkel, Mark Lerdal, Karin Hirtler-Garvey, John E. Mack, Arthur
    S. Ainsberg, MCC, MCC Advisors, Medley LLC, and Medley Group LLC, on the one hand, and FrontFour Capital Group LLC and FrontFour
    Master Fund, Ltd, on behalf of itself and a class of similarly situated stockholders of MCC, on the other hand </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left"> <FONT STYLE="font-size: 10pt">Vesting Medley Restricted
    Units</FONT> </TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"> <FONT STYLE="font-size: 10pt; font-weight: normal">Restricted
    Medley LLC Units outstanding and not previously forfeited (other than the Non-Vesting Medley Restricted Units)</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: left; font-weight: bold"><FONT STYLE="font-size: 10pt">1933 Act</FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">The Securities Act of 1933, as amended</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; text-align: left; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">1934 Act</FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">The Securities Exchange Act of 1934, as amended</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5pt; padding-left: 0.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">1940 Act</FONT></TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">The Investment Company Act of 1940, as amended</FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->vii<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNITED
STATES OF AMERICA</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Before
the</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 58%; border: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>In
the Matter of</I></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIERRA
        INCOME CORPORATION, MEDLEY CAPITAL CORPORATION, MEDLEY MANAGEMENT INC., SIERRA MANAGEMENT, INC., MCC ADVISORS LLC, SOF
        ADVISORS LLC, STRF ADVISORS LLC, MEDLEY CAPITAL LLC, MOF II MANAGEMENT LLC, MOF III MANAGEMENT LLC, MCOF MANAGEMENT LLC,
        MEDLEY SMA ADVISORS LLC, AND MEDLEY (ASPECT) MANAGEMENT LLC</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">280
        Park Avenue, 6<SUP>th</SUP> Floor East</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
        York, NY 10017</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">File
        No. 812-14971</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investment
        Company Act of 1940</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.3pt; text-align: justify; width: 42%; padding-right: 5pt; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FOURTH
    AMENDED AND RESTATED APPLICATION FOR AN ORDER PURSUANT TO SECTIONS 6(c) AND 57(c) OF THE INVESTMENT COMPANY ACT OF 1940 (THE
    &ldquo;1940 ACT&rdquo;), GRANTING EXEMPTIONS FROM THE PROVISIONS OF SECTIONS 12(d)(3) AND 57(a)(1) AND (2) OF THE 1940 ACT,
    AND UNDER SECTION 57(i) OF THE 1940 ACT AND RULE 17d-1 THEREUNDER TO PERMIT CERTAIN JOINT TRANSACTIONS OTHERWISE PROHIBITED
    BY SECTION 57(a)(4) OF THE 1940 ACT AND RULE 17d-1 THEREUNDER</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><A NAME="a_002"></A>INTRODUCTION</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sierra
Income Corporation, Medley Capital Corporation, Medley Management Inc., Sierra Management, Inc., MCC Advisors, SOF Advisors LLC,
STRF Advisors LLC, Medley Capital LLC, MOF II Management LLC, Medley SMA Advisors LLC, MOF III Management LLC, MCOF Management
LLC, and Medley (Aspect) Management LLC (collectively, the &ldquo;<B><I>Applicants</I></B>&rdquo;) hereby apply for an exemptive
order of the U.S. Securities and Exchange Commission (the &ldquo;<B><I>SEC</I></B>&rdquo;) under certain provisions of the 1940
Act. The order requested (the &ldquo;<B><I>Order</I></B>&rdquo;) would permit certain of the Applicants to engage in a series
of transactions that would, in effect, restructure the Medley Advisors&rsquo; family of companies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
summary, under the Amended MCC Merger Agreement, MCC will merge with and into Sierra, with Sierra as the surviving company in
the merger (the &ldquo;<B><I>MCC Merger</I></B>&rdquo;) and, under the Amended MDLY Merger Agreement, MDLY will merge with and
into Sierra Management, Inc., a wholly owned subsidiary of Sierra organized under the DGCL on August 7, 2018 (&ldquo;<B><I>Merger
Sub</I></B>&rdquo;), with Merger Sub as the surviving company in the merger (the &ldquo;<B><I>MDLY Merger</I></B>&rdquo;). Pursuant
to terms of the Amended MCC Merger Agreement, the consummation of the MCC Merger is conditioned upon the satisfaction or waiver
of each of the conditions to closing under the Amended MDLY Merger Agreement and the consummation of the MDLY Merger. However,
pursuant to the terms of the Amended MDLY Merger Agreement, the consummation of the MDLY Merger is not conditioned upon the consummation
of the MCC Merger.&nbsp;The transactions contemplated by the MCC Merger and the MDLY Merger are collectively referred to as the
&ldquo;<B><I>Proposed Business Combination</I></B>&rdquo; and, if the MDLY Merger is consummated and the MCC Merger is not consummated,
the transaction is referred to as the MDLY Merger. As a result of the Proposed Business Combination or the MDLY Merger, as applicable,
the investment management function relating to the operation of Sierra, as the surviving company, will be effectively internalized.
If the Proposed Business Combination is consummated or the MDLY Merger is consummated, the Combined Company or the Sierra/MDLY
Company, as applicable, will wholly own Merger Sub, which will indirectly wholly own each of the Advisers (as defined below) (other
than STRF Advisors LLC, which will be majority owned by Merger Sub), including MCC Advisors LLC, which will provide advisory services
to the Combined Company or the Sierra/MDLY Company, as applicable. If either of the Amended MCC Merger Agreement (as defined below)
or the Amended MDLY Merger Agreement (as defined below) between the applicable parties is terminated, the party initiating the
termination may be obligated to pay the other party a termination fee under certain circumstances.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 9; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Applicants request relief, pursuant to Sections 6(c) and 57(c) of the 1940 Act, granting exemptions from the provisions of Sections
12(d)(3) and 57(a)(1) and (2) of the 1940 Act, and under Section 57(i) of the 1940 Act and Rule 17d-1 thereunder,<SUP>1</SUP>
to permit the consummation of the MCC Merger and the MDLY Merger, to permit the payment of certain termination fees if, under
certain circumstances, the Amended MCC Merger Agreement and/or the Amended MDLY Merger Agreement are terminated, and to permit
Sierra to acquire securities of registered investment advisers pursuant to the MDLY Merger. No exemptive relief previously granted
is being consolidated in this application.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
connection with the Proposed Business Combination or the MDLY Merger, as applicable, on August 30, 2019, Sierra filed with the
SEC an amendment to the Registration Statement on Form N-14 that includes a joint proxy statement of Sierra, MCC, and MDLY and,
with respect to Sierra, constitutes a prospectus, (collectively, the &ldquo;<B><I>Amended Sierra Joint Proxy Statement/Prospectus</I></B>&rdquo;), in connection with the solicitation of proxies for, among other things, approval of the Amended MCC Merger Agreement and
the Amended MDLY Merger Agreement. The special meeting of Sierra stockholders (the &ldquo;<B><I>Sierra Special Meeting</I></B>&rdquo;)
will take place on [ &nbsp;&nbsp;&nbsp;&nbsp;], 2019 at [ &nbsp;&nbsp;&nbsp;&nbsp; ] [A.M./P.M.], Eastern Time, <FONT STYLE="background-color: white">the </FONT>special meeting
of MCC stockholders (the &ldquo;<B><I>MCC Special Meeting</I></B>&rdquo;) <FONT STYLE="background-color: white">will take place
on </FONT>[ &nbsp;&nbsp;&nbsp;&nbsp; ], 2019 at [ &nbsp;&nbsp;&nbsp;&nbsp; ] [A.M./P.M.]<FONT STYLE="background-color: white">, Eastern Time, and the </FONT>special meeting of
MDLY stockholders (the &ldquo;<B><I>MDLY Special Meeting</I></B>&rdquo;)<FONT STYLE="background-color: white">will take place
on </FONT>[ &nbsp;&nbsp;&nbsp;&nbsp; ], 2019 at [ &nbsp;&nbsp;&nbsp;&nbsp; ] [A.M./P.M.]<FONT STYLE="background-color: white">, Eastern Time.</FONT></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">II.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><A NAME="a_003"></A>GENERAL
DESCRIPTION OF MEDLEY ADVISORS&rsquo; ENTITIES</U></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_004"></A>A.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Sierra
Income Corporation</U></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sierra
was organized under the MGCL on June 13, 2011 and is an externally managed non-traded BDC that commenced operations through the
initiation of a continuous public offering in April 2012. As of June 30, 2019, Sierra had total assets of approximately $1.1 billion
and its net asset value (&ldquo;<B><I>NAV</I></B>&rdquo;) per share was $6.37. SIC Advisors, a wholly controlled subsidiary of
MDLY, is the investment adviser to Sierra. Until its offering was terminated effective as of July 31, 2018, Sierra offered its
shares of common stock (&ldquo;<B><I>Sierra Common Stock</I></B>&rdquo;) through SC Distributors, Inc., which, as the &ldquo;wholesaler&rdquo;
for the offering of shares of Sierra Common Stock, entered into numerous selling agreements with broker dealers who sold shares
of Sierra Common Stock directly to investors. The Sierra Board currently consists of five members, three of whom are not &ldquo;interested
persons&rdquo; of Sierra within the meaning of Section 2(a)(19).</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_005"></A>B.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Medley
Capital Corporation</U></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MCC,
organized under the DGCL on January 20, 2011, is an externally managed BDC that commenced operations following the completion
of its initial public offering (an &ldquo;<B><I>IPO</I></B>&rdquo;) in January 2011. As of June 30, 2019, MCC had total assets
of approximately $742 million, NAV per share of $4.55, and its closing market price on the NYSE was $2.34. MCC Advisors, a wholly
controlled subsidiary of MDLY, is the investment adviser to MCC. The MCC Board currently consists of seven members, four of whom
are Independent Directors.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_006"></A>C.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Medley
Management Inc.</U></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MDLY
was organized under the DGCL on June 13, 2014 and commenced operations on September 29, 2014 upon the completion of its initial
public offering (&ldquo;<B><I>IPO</I></B>&rdquo;) of shares of Class A common stock, par value $0.01 per share (the &ldquo;<B><I>MDLY
Class A Common Stock</I></B>&rdquo;). MDLY raised $100.4 million, net of underwriting discounts, through the issuance of 6,000,000
shares of MDLY Class A Common Stock at a public offering price of $18.00 per share. The offering proceeds were used to purchase
6,000,000 newly issued LLC Units from Medley LLC. Prior to the IPO, MDLY had not engaged in any business or other activities except
in connection with its formation and IPO.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
connection with the IPO, MDLY issued 100 shares of Class B common stock, par value $0.01 per share (the &ldquo;<B><I>MDLY Class
B Common Stock</I></B>&rdquo;) to Medley Group LLC (&ldquo;<B><I>Medley Group</I></B>&rdquo;), an entity wholly owned by the pre-IPO
members of Medley LLC. For so long as the pre-IPO members and then-current Medley personnel hold at least 10% of the aggregate
number of shares of MDLY Class A Common Stock and units of Medley LLC (&ldquo;<B><I>Medley LLC Units</I></B>&rdquo;) (excluding
those Medley LLC Units held by MDLY) then outstanding, the MDLY Class B Common Stock entitles Medley Group to a number of votes
that is equal to 10 times the aggregate number of Medley LLC Units held by all non-managing members of Medley LLC that do not
themselves hold shares of MDLY Class B Common Stock times the Exchange Rate (as defined in the Exchange Agreement (defined below))
which is currently one-for-one and entitle each other holder of MDLY Class B Common Stock, without regard to the number of shares
of MDLY Class B Common Stock held by such other holder, to a number of votes that is equal to 10 times the number of membership
units held by such holder times the Exchange Rate.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
connection with the IPO, Medley LLC amended and restated its limited liability agreement to modify its capital structure by reclassifying
the 23,333,333 interests held by the pre-IPO members into a single new class of units. The pre-IPO members also entered into an
exchange agreement under which they (or certain permitted transferees thereof) have the right, subject to the terms of the exchange
agreement, to exchange their Medley LLC Units for shares of MDLY Class A Common Stock on a one-for-one basis, subject to customary
conversion rate adjustments for stock splits, stock dividends and reclassifications. In addition, pursuant to the amended and
restated limited liability agreement, MDLY became the sole managing member of Medley LLC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MDLY
is a holding company and its sole material asset is a controlling equity interest in Medley LLC. MDLY operates and controls all
of the business and affairs and consolidates the financial results of Medley LLC and its subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1
</SUP></FONT>Unless otherwise noted, all section and rule references herein refer to the 1940 Act, and the rules and regulations
thereunder, as applicable.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
Group LLC, an entity wholly owned by the MDLY pre-IPO owners, holds all 100 issued and outstanding shares of MDLY Class B Common
Stock. For so long as the MDLY pre-IPO owners and then-current Medley Advisors personnel hold at least 10% of the aggregate number
of shares of MDLY Class A Common Stock and Medley LLC Units (excluding those Medley LLC Units held by MDLY), which MDLY refers
to as the &ldquo;Substantial Ownership Requirement,&rdquo; the MDLY Class B Common Stock entitles Medley Group LLC, without regard
to the number of shares of MDLY Class B Common Stock held by it, to a number of votes that is equal to 10 times the aggregate
number of Medley LLC Units held by all non-managing members of Medley LLC that do not themselves hold shares of MDLY Class B Common
Stock times the Exchange Rate and entitle each other holder of MDLY Class B Common Stock, without regard to the number of shares
of MDLY Class B Common Stock held by such other holder, to a number of votes that is equal to 10 times the number of Medley LLC
Units held by such holder times the Exchange Rate. For purposes of calculating the Substantial Ownership Requirement, (1) shares
of MDLY Class A Common Stock deliverable to the pre-IPO owners and then-current Medley Advisors personnel pursuant to outstanding
equity awards will be deemed then outstanding and (2) shares of MDLY Class A Common Stock and Medley LLC Units held by any estate,
trust, partnership or limited liability company or other similar entity of which any pre-IPO owner or then-current Medley Advisors
personnel, or any immediate family member thereof, is a trustee, partner, member or similar party will be considered held by such
pre-IPO owner or other then-current Medley Advisors personnel. From and after the time that the Substantial Ownership Requirement
is no longer satisfied, the MDLY Class B Common Stock will entitle Medley Group LLC, without regard to the number of shares of
MDLY Class B Common Stock held by it, to a number of votes that is equal to the aggregate number of Medley LLC Units held by all
non-managing members of Medley LLC that do not themselves hold shares of MDLY Class B Common Stock times the Exchange Rate and
entitle each other holder of MDLY Class B Common Stock, without regard to the number of shares of MDLY Class B Common Stock held
by such other holder, to a number of votes that is equal to the number of Medley LLC Units held by such holder times the Exchange
Rate. At the completion of the IPO, the pre-IPO owners of MDLY were comprised of all of the non-managing members of Medley LLC.
However, Medley LLC may in the future admit additional non-managing members that would not constitute pre-IPO owners. If at any
time the Exchange Rate, which is the ratio at which Medley LLC Units are exchangeable for shares of MDLY Class A Common Stock,
changes from one-for-one as set forth in the Exchange Agreement, the number of votes to which holders of MDLY Class B Common Stock
are entitled will be adjusted accordingly. Holders of shares of MDLY Class B Common Stock will vote together with holders of MDLY
Class A Common Stock as a single class on all matters on which stockholders are entitled to vote generally, except as otherwise
required by law. Other than MDLY, holders of Medley LLC Units, including the pre-IPO owners, are, subject to limited exceptions,
prohibited from transferring any Medley LLC Units held by them upon consummation of the IPO, or any shares of MDLY Class A Common
Stock received upon exchange of such Medley LLC Units, until the third anniversary of the IPO without the consent of MDLY. Thereafter
and prior to the fourth and fifth anniversaries of the IPO, such holders may not transfer more than 33&nbsp;1/3% and 66&nbsp;2/3%,
respectively, of the number of Medley LLC Units held by them upon consummation of the IPO, together with the number of any shares
of MDLY Class A Common Stock received by them upon exchange therefor, without the consent of MDLY. While this agreement could
be amended or waived by MDLY, the pre-IPO owners have advised MDLY that they do not intend to seek any waivers of these restrictions.
As of June 30, 2019, MDLY had total assets of approximately $75.9 million and its closing market price on the NYSE was $2.46 per
share. </FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
are two sets of notes outstanding at Medley LLC. On August 9, 2016 and October 18, 2016, Medley LLC issued debt consisting of
$53.6 million in aggregate principal amount of senior unsecured notes due 2026 at a stated coupon rate of 6.875% (the &ldquo;<B><I>2026
Notes</I></B>&rdquo;). The net proceeds from these offerings were used to pay down a portion of Medley LLC&rsquo;s outstanding
indebtedness under a term loan facility. Interest is payable quarterly and interest payments commenced on November 15, 2016. The
2026 Notes are subject to redemption in whole or in part at any time or from time to time, at the option of Medley LLC, on or
after August 15, 2019 at a redemption price per security equal to 100% of the outstanding principal amount thereof plus accrued
and unpaid interest payments. The 2026 notes were recorded net of discount and direct issuance costs of $3.8 million which are
being amortized over the term of the notes using the effective interest rate method. The 2026 Notes are listed on the NYSE and
trades thereon under the trading symbol &ldquo;MDLX.&rdquo; The fair value of the 2026 Notes based on their underlying quoted
market price was $50.8 million as of June 30, 2019.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
January 18, 2017 and February 22, 2017, Medley LLC issued $69.0 million in aggregate principal amount of senior unsecured notes
due 2024 at a stated coupon rate of 7.25% (the &ldquo;<B><I>2024 Notes</I></B>,&rdquo; and collectively with the 2026 Notes, the
&ldquo;<B><I>Notes</I></B>&rdquo;). The net proceeds from these offerings were used to pay down the remaining portion of Medley
LLC&rsquo;s outstanding indebtedness under its Term Loan Facility with the remaining to be used for general corporate purposes.
Interest is payable quarterly and interest payments commenced on April 30, 2017. The 2024 Notes are subject to redemption in whole
or in part at any time or from time to time, at the option of Medley LLC, on or after January 30, 2020 at a redemption price per
security equal to 100% of the outstanding principal amount thereof plus accrued and unpaid interest payments. The 2024 notes were
recorded net of premium and direct issuance costs of $2.8 million which are being amortized over the term of the notes using the
effective interest rate method. The 2024 Notes are listed on the NYSE and trades thereon under the trading symbol &ldquo;MDLQ.&rdquo;
The fair value of the 2024 Notes based on their underlying quoted market price was $67.2 million as of June 30, 2019.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Notes are publicly traded and listed on the NYSE and trade &ldquo;flat&rdquo; (meaning that purchasers do not pay, and sellers
do not receive, any accrued and unpaid interest on the Notes that is not included in the trading price). The Notes are direct
senior unsecured obligations of Medley LLC and rank <I>pari passu</I> with its existing and future unsecured senior indebtedness.
The Notes are effectively subordinated to all existing and future secured indebtedness (including indebtedness that is initially
unsecured to which security is subsequently granted), to the extent of the value of the assets securing such indebtedness, and
are structurally subordinated to all existing and future indebtedness and other obligations of any subsidiaries. None of the Notes
have been redeemed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None
of the Notes are held by any members of Management. It is anticipated that the Notes will remain outstanding as an obligation
of Medley LLC and will not be guaranteed by the Combined Company or the Sierra/MDLY Company, as applicable, and that the terms
of the Notes will be generally unaffected by the Proposed Business Combination or the MDLY Merger, as applicable.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_007"></A>D.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Sierra
Management, Inc.</U></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sierra
Management, Inc. (post-Proposed Business Combination or the MDLY Merger, as applicable, &ldquo;<B><I>Merger Sub</I></B>&rdquo;)
is a newly-formed wholly owned subsidiary of Sierra organized under the DGCL on August 7, 2018.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_008"></A>E.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>The
Investment Advisers</U></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
a result of the Proposed Business Combination or the MDLY Merger, as applicable, the Combined Company or the Sierra/MDLY Company,
as applicable, will acquire an indirect 100% ownership interest in Merger Sub, which, as the successor to MDLY, will be a holding
company for a number of revenue-generating registered investment advisers, including:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SOF
                                         Advisors LLC, an investment adviser that will be registered under the Investment Advisers
                                         Act of 1940, as amended (the &ldquo;<B><I>Advisers Act</I></B>&rdquo;) and will serve
                                         as an investment adviser to Sierra Opportunity Fund, an externally managed, non-diversified,
                                         closed-end management investment company that will be registered under the 1940 Act.
                                         SOF Advisors LLC is currently a wholly owned subsidiary of Medley LLC and, if the Proposed
                                         Business Combination is consummated or the MDLY Merger is consummated, as applicable,
                                         SOF Advisors LLC will be an indirect wholly owned subsidiary of the Combined Company
                                         or the Sierra/MDLY Company, as applicable.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">STRF
                                         Advisors LLC, an investment adviser registered under the Advisers Act which serves as
                                         an investment adviser to Sierra Total Return Fund, an externally managed, non-diversified,
                                         closed-end management investment company registered under the 1940 Act. STRF Advisors
                                         LLC is currently a majority owned subsidiary of Medley LLC and, if the Proposed Business
                                         Combination is consummated or the MDLY Merger is consummated, as applicable, STRF Advisors
                                         LLC will be an indirect majority owned subsidiary of the Combined Company or the Sierra/MDLY
                                         Company, as applicable.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MCC
                                         Advisors LLC, an investment adviser registered under the Advisers Act, which will serve
                                         as the investment adviser to the Combined Company or the Sierra/MDLY Company, as applicable.
                                         MCC Advisors LLC is currently a wholly owned subsidiary of Medley LLC and, if the Proposed
                                         Business Combination is consummated or the MDLY Merger is consummated, as applicable,
                                         MCC Advisors LLC will be an indirect wholly owned subsidiary of the Combined Company
                                         or the Sierra/MDLY Company, as applicable.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
                                         Capital LLC, an investment adviser registered under the Advisers Act, which currently
                                         does not provide advisory services to clients. Medley Capital LLC is currently controlled
                                         by Medley LLC and, if the Proposed Business Combination is consummated or the MDLY Merger
                                         is consummated, as applicable, Medley Capital LLC will be an indirect wholly owned subsidiary
                                         of the Combined Company or the Sierra/MDLY Company, as applicable.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MOF
                                         II Management LLC, an investment adviser registered under the Advisers Act, which serves
                                         an as investment adviser to MOF Opportunity Fund II LP, a private fund. MOF II Management
                                         LLC is currently a wholly owned subsidiary of Medley LLC and, if the Proposed Business
                                         Combination is consummated or the MDLY Merger is consummated, as applicable, MOF II Management
                                         LLC will be an indirect wholly owned subsidiary of the Combined Company or the Sierra/MDLY
                                         Company, as applicable.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MOF
                                         III Management LLC, an investment adviser registered under the Advisers Act, which serves
                                         as an investment adviser to Medley Opportunity Fund III LP, Medley Opportunity Fund Offshore
                                         III LP, and Medley Opportunity Fund III (Cayman) Ltd., each of which are private funds.
                                         MOF III Management LLC is currently a wholly owned subsidiary of Medley LLC and, if the
                                         Proposed Business Combination is consummated or the MDLY Merger is consummated, as applicable,
                                         MOF III Management LLC will be an indirect wholly owned subsidiary of the Combined Company
                                         or the Sierra/MDLY Company, as applicable.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
                                         SMA Advisors LLC, an investment adviser registered under the Advisers Act, which serves
                                         as investment adviser to various separately managed accounts (&ldquo;<B><I>SMAs</I></B>&rdquo;)
                                         and Medley Real D (Annuity) LLC, Medley Credit Strategies (KOC) LLC, and Medley Tactical
                                         Opportunities LLC, each of which are private funds. Medley SMA Advisors LLC is currently
                                         a wholly owned subsidiary of Medley LLC and, if the Proposed Business Combination is
                                         consummated or the MDLY Merger is consummated, as applicable, Medley SMA Advisors LLC
                                         will be an indirect wholly owned subsidiary of the Combined Company or the Sierra/MDLY
                                         Company, as applicable.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MCOF
                                         Management LLC, an investment adviser registered under the Advisers Act, which serves
                                         as an investment adviser to Medley Credit Opportunity Cayman Fund LP, Medley Credit Opportunity
                                         Delaware Fund LP, and Medley Credit Opportunity Fund LP, each of which are private funds.
                                         MCOF Management LLC is currently a wholly owned subsidiary of Medley LLC and, if the
                                         Proposed Business Combination is consummated or the MDLY Merger is consummated, as applicable,
                                         MCOF Management LLC will be an indirect wholly owned subsidiary of the Combined Company
                                         or the Sierra/MDLY Company, as applicable.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
                                         (Aspect) Management LLC, an investment adviser registered under the Advisers Act, which
                                         serves as an investment adviser to Aspect-Medley Investment Platform A LP, a private
                                         fund. Medley (Aspect) Management LLC is currently a wholly owned subsidiary of Medley
                                         LLC and, if the Proposed Business Combination is consummated or the MDLY Merger is consummated,
                                         as applicable, Medley (Aspect) Management LLC will be an indirect wholly owned subsidiary
                                         of the Combined Company or the Sierra/MDLY Company, as applicable (each an &ldquo;<B><I>Adviser</I></B>&rdquo;
                                         and together, collectively with any future registered investment adviser owned by Merger
                                         Sub, the &ldquo;<B><I>Advisers</I></B>&rdquo;).</FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_009"></A>III.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>THE
PROPOSED BUSINESS COMBINATION</U></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_010"></A>A.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Applicants&rsquo;
Representations</U></FONT></TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_011"></A>1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Background
and Reasons for the Proposed Business Combination</U></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Since
Medley Advisors&rsquo; inception in 2006, Management operated Medley Advisors&rsquo; asset management business with a focus on
d</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">irect origination, careful structuring and active
monitoring of loan portfolios. <FONT STYLE="background-color: white">Medley Advisors&rsquo;</FONT> investment vehicles have generally
focused on private middle market companies in the United States that have revenues between $50 million and $1 billion. MCC completed
its IPO in January 2011. MCC was the first publicly traded BDC to which <FONT STYLE="background-color: white">Medley Advisors
</FONT>provided asset management services. In April of 2012, <FONT STYLE="background-color: white">Medley Advisors</FONT> launched
Sierra, its first public non-traded BDC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Medley
                                         Advisors </FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">understood
                                         at the outset that to remain competitive in the middle-market lending space, its advisory
                                         clients, including Sierra, MCC, private funds and SMAs (the &ldquo;<B><I>Advisory Clients</I></B>&rdquo;)
                                         advised by <FONT STYLE="background-color: white">Medley Advisors </FONT>could pool their
                                         resources in order to have the benefits of scale and greater access to capital that borrowers
                                         demanded. In that regard, in November 2013, Medley Advisors and certain Advisory Clients
                                         obtained an order from the SEC that expanded Medley Advisors&rsquo; ability to engage
                                         in transactions that would otherwise be prohibited by Section 57(a)(4) under the 1940
                                         Act and Rule 17d-1 thereunder.<SUP>2 </SUP>Since that time, <FONT STYLE="background-color: white">competition
                                         for private debt investment opportunities in the lower middle market has significantly
                                         intensified and </FONT>Medley Advisors believes that <FONT STYLE="background-color: white">the
                                         need for scale in the asset management business has become even more important. </FONT>As
                                         a result of the Proposed Business Combination, the assets under management of the Combined
                                         Company will increase, which will offer the potential for scale for investment and financing
                                         flexibility. In that regard, the Combined Company is expected to have improved access
                                         to capital for its prospective borrowers, greater access to financial sponsors, and substantial
                                         and higher quality deal flow. Alternatively, if the MDLY Merger is consummated and the
                                         MCC Merger is not consummated, the MDLY Merger is expected to be accretive to Sierra&rsquo;s
                                         net investment income (&ldquo;<B><I>NII</I></B>&rdquo;) and offers the potential for
                                         achieving operational efficiencies and synergies that will benefit both Sierra and MDLY.
                                         </FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_012"></A>2.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Summary
                                         of Proposed Business Combination or the MDLY Merger, as Applicable</U></FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee unanimously determined, and recommended that the Sierra Board determine, that the Amended MCC Merger
Agreement, the Amended MDLY Merger Agreement and the transactions contemplated thereby, including, without limitation, the MCC
Merger and the MDLY Merger, are advisable and fair to, and in the best interests of, Sierra and the Sierra Stockholders. In reaching
that conclusion, the Sierra Special Committee noted, among other things, the increased scale of the resulting company, the benefit
of providing liquidity to the Sierra Stockholders through a public listing, the financial benefits of the transaction, particularly
the accretion in NII and NAV, and the benefits of internalization of asset management.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Board, including a majority of its Independent Directors, and acting upon the recommendation of the Sierra Special
Committee, unanimously approved the Amended MCC Merger Agreement and the transactions contemplated thereunder, including the
MCC Merger, upon the terms and subject to the conditions and limitations set forth in the Amended MCC Merger Agreement, and
resolved to submit the Amended MCC Merger Agreement and the matters described therein to the Sierra Stockholders for their
approval at the Sierra Special Meeting. In addition, the Sierra Board, including its Independent Directors, and acting upon the
recommendation of the Sierra Special Committee, unanimously approved the Amended MDLY Merger Agreement and the transactions
contemplated thereunder, including the MDLY Merger, upon the terms and subject to the conditions and limitations set forth in
the Amended MDLY Merger Agreement, and resolved to submit the Amended MDLY Merger Agreement and the matters described therein
to the Sierra Stockholders for their approval at the Sierra Special Meeting.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
MCC Special Committee unanimously determined, and recommended that the MCC Board determine, that the Amended MCC Merger Agreement
and the transactions contemplated thereby, including, without limitation, the MCC Merger, are advisable and fair to, and in the
best interests of, MCC and the MCC Stockholders.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
making this determination, the MCC Special Committee took into account a number of specific financial and business
considerations, including, among others, the value of the MCC Merger Consideration (including the higher Exchange Ratio than
that initially proposed), the Settlement Amount (as defined below) to be distributed to the Eligible Class Members, the
opinion of Sandler O&rsquo;Neill &amp; Partners, L.P. (&ldquo;<B><I>Sandler O&rsquo;Neill</I></B>&rdquo;), independent
financial advisor to the MCC Special Committee, that the consideration to be received is fair from a financial point of view,
the estimated accretion in NII, and the Combined Company&rsquo;s greater scale and more diversified balance sheet with less
exposure to non-accruing loans. The MCC Board, including a majority of its Independent Directors, and acting upon
the recommendation of the MCC Special Committee, unanimously approved the Amended MCC Merger Agreement and the
transactions contemplated thereunder, including the MCC Merger, upon the terms and subject to the conditions and limitations
set forth in the Amended MCC Merger Agreement, and resolved to submit the Amended MCC Merger Agreement and the matters
described therein to the stockholders of MCC for their approval at the MCC Special Meeting.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
MDLY Special Committee unanimously determined, and recommended the MDLY Board determine, that the Amended MDLY Merger Agreement
and the transactions contemplated thereby, including, without limitation, the MDLY Merger, are advisable and fair to, and in the
best interests of, MDLY and the unaffiliated MDLY Stockholders. In making the determinations and recommendations described above,
the MDLY Special Committee took into account a number of considerations, reasons and factors, including, among others, the fairness
presentation by Barclays and its fairness opinion, the terms of the Amended MDLY Merger Agreement, the value and form of the MDLY
Merger Consideration payable to the unaffiliated MDLY Stockholders, the extensive sales processes run by MDLY prior to the execution
of the Amended MDLY Merger Agreement, the risks/challenges, timing and uncertainties of alternatives available to MDLY, and the
benefits to the Combined Company or the Sierra/MDLY Company, as applicable, that could result from the Mergers or the MDLY Merger,
if the MDLY Merger is consummated and the MCC Merger is not consummated.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
MDLY Board, including a majority of its Independent Directors, and acting upon the recommendation of the MDLY Special
Committee, unanimously (i) determined that the Amended MDLY Merger Agreement and the transactions contemplated thereby,
including, without limitation, the MDLY Merger, are advisable and fair to, and in the best interests of, MDLY and the MDLY
Stockholders, (ii) approved and declared advisable the Amended MDLY Merger Agreement and the transactions contemplated
thereby, including, without limitation, the MDLY Merger, (iii) resolved to submit the Amended MDLY Merger Agreement to the
MDLY Stockholders for its adoption, and (iv) recommended that the MDLY Stockholders approve the adoption of the Amended MDLY
Merger Agreement.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">These
determinations are discussed more fully below under &ldquo;&mdash;Reasons for the Mergers &ndash; Phase 2 Approval.&rdquo;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>2
</SUP><I>In the Matter of Medley Capital Corporation, et al.,</I>&nbsp;Investment Company Act Release Nos. 32809 (Sept. 8, 2017)
(notice) and 32850 (Oct. 4, 2017) (order); <I>In the Matter of Medley Capital Corporation, et al.,</I>&nbsp;Investment Company
Act Release Nos. 32520 (Mar. 3, 2017) (notice) and 32581 (Mar. 29, 2017) (order); <I>In the Matter of Medley Capital Corporation,
et al.,</I>&nbsp;Investment Company Act Release Nos. 30769 (Oct. 28, 2013) (notice) and 30807 (Nov. 25, 2013) (order)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_013"></A>3.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>History
                                         of the Proposed Business Combination or the MDLY Merger, as applicable</U></FONT> </TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_014"></A>a.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Formation
                                         of Special Committees</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
connection with the potential strategic transactions, each of the Sierra Board, the MCC Board, and the MDLY Board formed special
committees, comprised solely of Independent Directors, and granted such special committees the authority to, among other things,
evaluate and review the terms of the MCC Merger and/or the MDLY Merger, as applicable, or any alternatives thereto.&nbsp;Each
of the special committee of the Sierra Board (the &ldquo;<B><I>Sierra Special Committee</I></B>&rdquo;), formed on January 26,
2018, the special committee of the MCC Board (the &ldquo;<B><I>MCC Special Committee</I></B>&rdquo;), formed on January 26, 2018,
and the special committee of the MDLY Board (the &ldquo;<B><I>MDLY Special Committee</I></B>&rdquo;), formed on February 7, 2018,
has retained its own independent legal counsel and independent financial advisor.&nbsp; This has enabled&nbsp;each of the respective
committees to consult with and rely on the advice of professionals who, like the Independent Directors themselves, were independent
of the other parties to the transaction and could provide independent advice and guidance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_015"></A>b.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Description
                                         of the Transactions</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Proposed Business Combination would be effected through three separate, yet related, transactions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         Amended MDLY Merger Agreement provides that MDLY will take (and will cause Medley LLC
                                         to take) all steps necessary to cause all Medley LLC Units&nbsp;(including Vesting Medley
                                         Restricted Units but excluding the Non-Vesting&nbsp;Medley Restricted Units) held by
                                         members of Medley LLC, other than MDLY, to be converted into shares of MDLY Class A Common
                                         Stock as of immediately prior to the MDLY Merger Effective Time, pursuant to the Exchange
                                         Agreement and the Tax Receivable Termination Agreement (such exchange, the &ldquo;<B><I>Exchange</I></B>&rdquo;).
                                         As a result of the Exchange, Medley LLC would be wholly owned by MDLY.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Immediately
                                         following the Exchange:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
                                         to the Amended MCC Merger Agreement, MCC would, on the terms and subject to the conditions
                                         set forth in the Amended MCC Merger Agreement, merge with and into Sierra. In the MCC
                                         Merger, each share of MCC Common Stock issued and outstanding immediately prior to the
                                         MCC Merger Effective Time (as defined below) (other than the MCC Excluded Shares) would
                                         be converted into the right to receive (i) 0.68&nbsp;shares of Sierra Common Stock if
                                         the attorneys&rsquo; fees of plaintiffs&rsquo; counsel and litigation expenses paid or
                                         incurred by plaintiffs&rsquo; counsel or advanced by plaintiffs in connection with the
                                         MCC Stockholder Action (the &ldquo;<B><I>Plaintiff Attorney Fees</I></B>&rdquo;) are
                                         less than or equal to $10,000,000; (ii) 0.66&nbsp;shares of Sierra Common Stock if the
                                         Plaintiff Attorney Fees are equal to or greater than $15,000,000; (iii) between 0.68
                                         and 0.66 per share of Sierra Common Stock if the Plaintiff Attorney Fees are greater
                                         than $10,000,000 but less than $15,000,000, calculated on a descending basis, based on
                                         straight line interpolation between $10,000,000 and $15,000,000; or (iv) 0.66&nbsp;shares
                                         of Sierra Common Stock in the event that the Plaintiff Attorney Fees are not determined
                                         prior to the MCC Merger Closing (collectively, the &ldquo;<B><I>MCC Merger Shares</I></B>&rdquo;
                                         and, such ratio, the &ldquo;<B><I>MCC Exchange Ratio</I></B>&rdquo;); provided; provided
                                         that cash will be paid in lieu of fractional shares of Sierra Common Stock.. The MCC
                                         Merger has been approved by each of the MCC Special Committee and the Sierra Special
                                         Committee, and is required to be approved by the MCC Stockholders (the &ldquo;<B><I>MCC
                                         Stockholders</I></B>&rdquo;) and the Sierra Stockholders (the &ldquo;<B><I>Sierra Stockholders</I></B>&rdquo;).</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT> </TD><TD STYLE="text-align: justify"> Pursuant
                                         to the Settlement, the defendant parties to the Settlement (other than MDLY) shall deposit
                                         $17 million in cash and shall deposit or cause to be deposited $30 million of Sierra
                                         Common Stock (the &ldquo;<B><I>Settlement Shares</I></B>&rdquo; and, collectively with
                                         the cash, the <I>&ldquo;<B>Settlement Amount</B></I>&rdquo;), to a settlement fund that
                                         shall be formed immediately after, but on the same date as, the closing of the MCC Merger,
                                         which shall be distributed to Eligible Class Members who hold such MCC Common Stock as
                                         of the closing of the MCC Merger. The Settlement Amount will be released from escrow
                                         and distributed to Eligible Class Members following the completion of the MCC Merger. </TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
                                         to the Amended MDLY Merger Agreement, MDLY would, on the terms and subject to the conditions
                                         set forth in the Amended MDLY Merger Agreement, merge with and into Merger Sub, with
                                         Merger Sub surviving the MDLY Merger (together with the MCC Merger, the &ldquo;<B><I>Mergers</I></B>&rdquo;).
                                         In the MDLY Merger, each share of MDLY Class A Common Stock issued and outstanding immediately
                                         prior to the MDLY Merger Effective Time (other than any Dissenting Shares (as defined
                                         in the Amended MDLY Merger Agreement) and Excluded MDLY Shares), held, immediately prior
                                         to the MDLY Merger Effective Time, by any person other than a Medley LLC Unitholder,
                                         will be converted into the right to receive (i) 0.2668 shares of Sierra Common Stock,
                                         provided that cash will be paid in lieu of fractional shares of Sierra Common Stock (the
                                         &ldquo;<B><I>MDLY Class&nbsp;A Merger Shares</I></B>&rdquo; and such ratio, the &ldquo;<B><I>MDLY
                                         Class A Exchange Ratio</I></B>&rdquo;); plus (ii) cash in an amount equal to $2.96 per
                                         share (the &ldquo;<B><I>MDLY Class&nbsp;A Merger Cash Consideration</I></B>&rdquo; and
                                         together with the MDLY Class A Merger Shares, the &ldquo;<B><I>MDLY Class&nbsp;A Merger
                                         Consideration</I></B>&rdquo;). In addition, in the MDLY Merger, each share of MDLY Class&nbsp;A
                                         Common Stock issued and outstanding, immediately prior to the MDLY Merger Effective Time
                                         (other than any Dissenting Shares and Excluded MDLY Shares), held, immediately prior
                                         to the MDLY Merger Effective Time, by a Medley LLC Unitholder, will be converted into
                                         the right to receive (i) 0.2072 shares of Sierra Common Stock &nbsp;(the &ldquo;<B><I>MDLY
                                         Unitholder Merger Shares</I></B>&rdquo; and such ratio, the &ldquo;<B><I>MDLY Unitholder
                                         Exchange Ratio</I></B>&rdquo; and together with MDLY Class A Exchange Ratio, the &ldquo;<B><I>MDLY
                                         Exchange Ratios</I></B>&rdquo;), provided that cash will be paid in lieu of fractional
                                         shares of Sierra Common Stock; plus (ii) cash in an amount equal to $2.66 per share (the
                                         &ldquo;<B><I>MDLY Unitholder Merger Cash Consideration</I></B>&rdquo; and together with
                                         the MDLY Class&nbsp;A Merger Cash Consideration, the &ldquo;<B><I>MDLY Cash Consideration</I></B>&rdquo;).&nbsp;Each
                                         share of MDLY Class B Common Stock, issued and outstanding immediately prior to the MDLY
                                         Merger Effective Time, other than Dissenting Shares, will be canceled without consideration
                                         therefor. The Amended MDLY Merger Agreement has been approved by both the MDLY Special
                                         Committee and the Sierra Special Committee, respectively, and, based upon the respective
                                         recommendations of the MDLY Special Committee and the Sierra Special Committee, the MDLY
                                         Board and the Sierra Board approved the Amended MDLY Merger Agreement. The Amended MDLY
                                         Merger Agreement is required to be approved by the MDLY Stockholders and the Sierra Stockholders.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pursuant
to terms of the Amended MCC Merger Agreement, the consummation of the MCC Merger is conditioned upon the satisfaction or waiver
of each of the conditions to closing under the Amended MDLY Merger Agreement and the consummation of the MDLY Merger. However,
pursuant to the terms of the Amended MDLY Merger Agreement, the consummation of the MDLY Merger is not conditioned upon the consummation
of the MCC Merger. If the Mergers are, or only the MDLY Merger is consummated, Sierra, as the Combined Company or the Sierra/MDLY
Company, as applicable, would apply for listing of Sierra Common Stock on the NYSE, with such listing to be effective as of the
closing date of the Mergers or the MDLY Merger, as applicable. If the MCC Merger is also consummated, Sierra Common Stock will
be listed on the TASE, with such listing expected to be effective as of the closing date of the Mergers. As a result of the Exchange
and if both Mergers are completed, the investment portfolios of MCC and Sierra would be combined, Merger Sub, as the surviving
company in the MDLY Merger, would be a wholly owned subsidiary of the Combined Company, and the Combined Company would be internally
managed by its wholly owned investment adviser subsidiary. However, if the MDLY Merger is consummated and the MCC Merger is not
consummated, the investment portfolios of MCC and Sierra would not be combined; however, Merger Sub, as the surviving company
in the MDLY Merger, would be a wholly owned subsidiary of the Sierra/MDLY Company, and the Sierra/MDLY Company would be internally
managed by its wholly owned investment adviser subsidiary. If both Mergers are consummated, MCC Stockholders and MDLY Stockholders
would become stockholders of the Combined Company (the &ldquo;<B><I>Combined Company Stockholders</I></B>&rdquo;) and, if the
MDLY Merger is consummated and the MCC Merger is not consummated, MDLY Stockholders would become stockholders of the Sierra/MDLY
Company (the &ldquo;<B><I>Sierra/MDLY Company Stockholders</I></B>&rdquo;).</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Also,
as a result of the Mergers or the MDLY Merger, the Sierra Investment Advisory Agreement and the MCC Investment Management Agreement
will terminate. However, for the reasons described more fully below, the Combined Company or the Sierra/MDLY Company, as applicable,
will enter into an advisory agreement with MCC Advisors (the &ldquo;<B><I>New Investment Advisory Agreement</I></B>&rdquo;). The
New Investment Advisory Agreement will contain substantially the same terms as the Sierra Investment Advisory Agreement. Notwithstanding
that there will be no change in the advisory fee charged to the Combined Company or the Sierra/MDLY Company, as applicable, for
advisory services under the New Investment Advisory Agreement, the New Investment Advisory Agreement will be subject to the requirements
of Section 15(c). The Combined Company Board or the Sierra/MDLY Company Board will perform a review of the New Investment Advisory
Agreement pursuant to Section 15(c). All management employees are currently employed at Medley Capital LLC and provide services
to Sierra through SIC Advisors pursuant to an inter-company servicing agreement. That structure would remain in place following
closing of a transaction, with Medley Capital LLC becoming a wholly owned subsidiary of the Combined Company or the Sierra/MDLY
Company, as applicable.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_016"></A>c.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>The
                                         Amended MCC Merger Agreement</U></FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the Amended MCC Merger Agreement, subject to certain conditions described therein, at the closing of the MCC Merger (the &ldquo;<B><I>MCC
Merger Closing</I></B>&rdquo;), MCC will merge with and into Sierra, and the separate corporate existence of MCC will cease. Sierra
would be the surviving company in the MCC Merger and would continue its existence as a corporation under the MGCL. The MCC Merger
will become effective at the time (the &ldquo;<B><I>MCC Merger Effective Time</I></B>&rdquo;) set forth in a certificate of merger
(the &ldquo;<B><I>MCC Certificate of Merger</I></B>&rdquo;) to be filed with the Secretary of State of the State of Delaware (the
&ldquo;<B><I>Delaware Secretary</I></B>&rdquo;) and articles of merger (the &ldquo;<B><I>MCC Articles of Merger</I></B>&rdquo;)
to be filed with the State Department of Assessments and Taxation for the State of Maryland (&ldquo;<B><I>SDAT</I></B>&rdquo;).</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">i.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Consideration</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the MCC Merger, each share of MCC Common Stock issued and outstanding immediately prior to the MCC Merger Effective Time (other
than Excluded MCC Shares) will be converted into the right to receive (i) 0.68&nbsp;shares of Sierra Common Stock if the Plaintiff
Attorney Fees are less than or equal to $10,000,000; (ii) 0.66&nbsp;shares of Sierra Common Stock if the Plaintiff Attorney Fees
are equal to or greater than $15,000,000; (iii) between 0.68 and 0.66 per share of Sierra Common Stock if the Plaintiff Attorney
Fees are greater than $10,000,000 but less than $15,000,000, calculated on a descending basis, based on straight line interpolation
between $10,000,000 and $15,000,000; or (iv) 0.66&nbsp;shares of Sierra Common Stock in the event that the Plaintiff Attorney
Fees are not determined prior to the MCC Merger closing; provided, however, that a holder of MCC Common Stock who would otherwise
be entitled to receive a fraction of a share of Sierra Common Stock will, with respect to such fractional share, instead receive
an amount in cash (rounded to the nearest cent) determined by multiplying (i) the most recently determined NAV per share of Sierra
Common Stock by (ii) the fractional share (after taking into account all shares of MCC Common Stock held by such holder at the
MCC Merger Effective Time and rounded to the nearest thousandth when expressed in decimal form) that such holder would otherwise
be entitled to receive. The MCC Merger Shares and such cash payable in lieu of fractional shares of Sierra Common Stock is referred
to collectively as the &ldquo;<B><I>MCC Merger Consideration</I></B>.&rdquo; It is intended that the MCC Merger will constitute
a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Code, and that the Amended MCC Merger Agreement will
constitute a &ldquo;plan of reorganization&rdquo; for such purposes.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Amended MCC Merger Agreement provides that if, between the date of the Amended MCC Merger Agreement and the MCC Merger Effective
Time, the outstanding shares of Sierra Common Stock are increased, decreased, changed into or exchanged for a different number
or kind of shares or securities as a result of a reclassification, stock dividend, stock split, reverse stock split, or other
similar change and specifically excluding sales of Sierra Common Stock, sales of Sierra equity-linked securities, and issuance
of Sierra Common Stock pursuant to Sierra&rsquo;s distribution reinvestment plan or otherwise in lieu of a portion of any cash
dividend declared by Sierra, an appropriate and proportionate adjustment will be made to the MCC Exchange Ratio.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 15; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior
to the MCC Merger Closing Date (as defined below), in the event that MCC has undistributed investment company taxable income (as
defined in Section 852(b)(2) of the Code) or net capital gain (as defined in Section 1221(11) of the Code) for MCC&rsquo;s short taxable
year ending on the MCC Merger Closing Date, MCC is required to declare a dividend (the &ldquo;<B><I>Final MCC Dividend</I></B>&rdquo;)
to MCC Stockholders. The Final MCC Dividend, together with all previous MCC dividends with respect to MCC&rsquo;s taxable year
ending on the MCC Merger Closing Date, must result in MCC distributing to MCC Stockholders all of MCC&rsquo;s undistributed investment
company taxable income (as defined in Section 852(b)(2) of the Code) and all of MCC&rsquo;s net capital gain (as defined in Section
1221(11) of the Code) for MCC&rsquo;s taxable year ending on the MCC Merger Closing Date. If MCC determines it necessary to declare
a Final MCC Dividend, it must notify Sierra at least ten days prior to the MCC Special Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Sierra
                                         Charter and Bylaws</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the Amended MCC Merger Agreement, the Sierra Board has reviewed and approved the Third Articles of Amendment and Restatement
of Sierra (the &ldquo;<B><I>Third Amended and Restated Sierra Charter</I></B>&rdquo;) and the Articles of Amendment to the Third Articles of Amendment and Restatement of Sierra (the &ldquo;<B><I>Articles of Amendment to the Third Amended Restated
Sierra Charter</I></B>&rdquo; together with the Third Amended and Restated Sierra Charter, the &ldquo;<B><I>Sierra Charter Amendments</I></B>&rdquo;)
in order to remove terms inconsistent with, and to add terms advisable to reflect, the publicly traded nature of the Combined
Company following the MCC Merger Effective Time. Approval of the Third Amended and Restated Sierra Charter is a condition to closing
under the Amended MCC Merger Agreement, but approval of the Articles of Amendment to the Third Amended Restated Sierra Charter
is not.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Board has also reviewed and approved an amendment and restatement of the Sierra Bylaws (the &ldquo;<B><I>Amended and Restated
Sierra Bylaws</I></B>&rdquo;) in order to remove terms inconsistent with, and to add terms advisable to reflect, the publicly
traded nature of the Combined Company following the MCC Merger Effective Time.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Officers
                                         and Directors of the Surviving Company</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Amended MCC Merger Agreement, Sierra has agreed to take such actions as may be required by the Sierra Charter and Sierra Bylaws
in order to appoint individuals to serve as directors of Sierra, as the surviving company in the MCC Merger, effective as of the
MCC Merger Effective Time, which individuals shall consist of the current Independent Directors of Sierra, one interested director
of Sierra, one Independent Directors of MCC <FONT STYLE="background-color: white">who will be selected by the Independent Directors
of Sierra, and, if the Independent Directors of Sierra elect in their sole discretion, an additional Independent Director who
will be selected by the Independent Directors of Sierra. In addition, effective as of the MCC Merger Effective Time, one of the
current Independent Directors of Sierra shall be appointed to serve as the Chair of the Combined Company Board. </FONT></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, the Sierra Board has appointed the individuals who will serve as the officers of Sierra, as the surviving company in
the MCC Merger, following the MCC Merger Effective Time.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iv.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Closing
                                         of the MCC Merger</U></FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless
extended by mutual agreement of MCC and Sierra, the MCC Merger Closing will take place at 10:00 a.m. on a date and at a place
to be specified by the parties, which will be no later than five business days after the satisfaction or waiver (subject to applicable
law) of the latest to occur of the conditions to the MCC Merger Closing (as set forth in the Amended MCC Merger Agreement and
as described in &ldquo;&mdash; Conditions to the MCC Merger&rdquo;), other than conditions that by their terms are to be satisfied
at the MCC Merger Closing and subject to the satisfaction or waiver of such conditions. The date on which the MCC Merger Closing
actually occurs is referred to as the &ldquo;<B><I>MCC Merger Closing Date</I></B>.&rdquo;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Contemporaneously
with the MCC Merger Closing, Sierra will file or cause to be filed the Certificate of Merger with the Delaware Secretary, and
the MCC Articles of Merger with SDAT. The MCC Merger will become effective at the MCC Merger Effective Time set forth in the Certificate
of Merger and Articles of Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 16; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">v.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Representations
                                         and Warranties</U></FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Amended MCC Merger Agreement contains certain representations and warranties made by MCC to Sierra and Sierra to MCC including,
but not limited to, representations regarding:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">corporate
                                         organization, valid existence, good standing, qualification to do business and subsidiaries;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">capitalization,
                                         indebtedness and equity awards;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">corporate
                                         authority, validity of the Amended MCC Merger Agreement and unanimous board approval
                                         of the MCC Merger;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">absence
                                         of conflicts with or violation of, among other things, organizational documents or applicable
                                         laws;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">third
                                         party and governmental consents and approvals;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">reports
                                         and regulatory matters;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financial
                                         statements;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">broker&rsquo;s
                                         fees;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">absence
                                         of certain changes and events;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">legal
                                         proceedings;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">taxes
                                         and tax returns;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">compliance
                                         with applicable law;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">material
                                         contracts;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">matters
                                         relating to investments and ownership thereof;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">property;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">intellectual
                                         property;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">inapplicability
                                         of state takeover laws;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fairness opinion received by the MCC Special Committee and the Sierra Special Committee,
                                         as applicable;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">information
                                         to be provided by MCC or Sierra or their respective representatives for inclusion in
                                         the Amended Sierra Joint Proxy Statement/Prospectus;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">insurance;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">environmental
                                         matters; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">knowledge
                                         regarding reorganization and approval matters.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">vi.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Covenants
                                         Relating to the Conduct of the Business</U></FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Amended MCC Merger Agreement, Sierra and MCC have agreed that, except as expressly contemplated by or permitted by the Amended
MCC Merger Agreement or the Amended MDLY Merger Agreement or with the prior written consent of the other party, during the period
from the date of the Amended MCC Merger Agreement to the MCC Merger Effective Time, (a) each of Sierra and MCC will, and will
cause each of its respective subsidiaries to, (i) conduct its business in the ordinary course in all material respects, as such
business is being conducted as of the date of the Amended MCC Merger Agreement, and (ii) use commercially reasonable efforts to
maintain and preserve intact its business organization and advantageous business relationships and retain the services of its
key officers and key employees, and (b) each of Sierra and MCC will, and will cause each of its respective subsidiaries to, take
no action that is intended to or would reasonably be expected to adversely affect or materially delay the ability of Sierra or
MCC either to obtain any necessary approvals of any self-regulatory organization or governmental entity required for the transactions
contemplated by the Amended MCC Merger Agreement or to perform its covenants and agreements under the Amended MCC Merger Agreement
or to consummate the transactions contemplated thereunder.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 17; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, MCC has agreed, except as expressly contemplated or permitted by the Amended MCC Merger Agreement or as set forth in
a schedule to the Amended MCC Merger Agreement, without the prior written consent of Sierra (which may not be unreasonably withheld,
conditioned or delayed), to not, and to not permit its subsidiaries to:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">other
                                         than in the ordinary course of business consistent with past practice, incur any indebtedness
                                         for borrowed money, assume, guarantee, endorse or otherwise as an accommodation become
                                         responsible for the obligations of any other individual, corporation or other entity,
                                         or, make any loan or advance or capital contribution to, or investment in, any person
                                         or entity;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">adjust,
                                         split, combine or reclassify any of its capital stock;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">make,
                                         declare or pay any dividend, other than (i) the Final MCC Dividend, if necessary, (ii)
                                         its regular quarterly dividend consistent with past practice of no more than $0.10 per
                                         share (or in such lower amount as may be determined by MCC in the MCC Board&rsquo;s discretion),
                                         and (iii) dividends paid by any of MCC&rsquo;s subsidiaries to MCC or to any of its wholly
                                         owned subsidiaries;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">make
                                         any other distribution on, or directly or indirectly redeem, purchase or otherwise acquire,
                                         any shares of its capital stock or other ownership interests or any securities or obligations
                                         other than in the ordinary course of business consistent with past practice or as required
                                         under Subchapter M of Chapter 1 of the Code;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">grant
                                         any stock options or restricted shares or restricted units or restricted stock units,
                                         or grant any person or entity any right to acquire any shares of its capital stock or
                                         other ownership interests or other securities or issue or sell any additional shares
                                         of capital stock or other ownership interests or securities or rights convertible (whether
                                         currently convertible or convertible only after the passage of time or the occurrence
                                         of certain events) into or exchangeable for any shares of its capital stock or other
                                         ownership interest;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">sell,
                                         transfer, pledge, lease, license, mortgage, encumber or otherwise dispose of any material
                                         amount of its properties or assets (including pursuant to securitizations) to any person
                                         or entity other than a wholly owned subsidiary or cancel, release or assign any material
                                         amount of indebtedness owed to or any claims held by MCC or any of its subsidiaries,
                                         in each case other than pursuant to contracts in force as of the date of the Amended
                                         MCC Merger Agreement and set forth in MCC&rsquo;s disclosure schedule to the Amended
                                         MCC Merger Agreement;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action, or knowingly fail to take any action, which action or failure to act is reasonably
                                         likely to prevent the MCC Merger from qualifying as a reorganization within the meaning
                                         of Section 368(a) of the Code or take any action, or knowingly fail to take any action,
                                         inconsistent with the treatment of the MCC Merger as a reorganization for U.S. federal
                                         income tax purposes;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">amend
                                         the MCC certificate of incorporation or the MCC bylaws or the organizational documents
                                         of any subsidiary of MCC, or take any action to exempt any person or entity (other than
                                         Sierra or its subsidiaries) or any action taken by any person or entity from any applicable
                                         takeover statute or similarly restrictive provisions of its organizational documents;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">enter
                                         into, renew, modify, amend or terminate, or waive, release, compromise or assign any
                                         rights or claims under, any material contract (as defined in the Amended MCC Merger Agreement)
                                         of MCC (or any contract that, if existing as of the date of the Amended MCC Merger Agreement,
                                         would be a material contract of MCC), other than (i) any termination or renewal in accordance
                                         with the terms of any existing material contract that occurs automatically without any
                                         action (other than notice of renewal) by MCC or any of its subsidiaries, (ii) the entry
                                         into any modification or amendment of, or waiver or consent under, any material contract
                                         as required or necessitated to obtain any required approval in connection with the MCC
                                         Merger, (iii) the termination of a material contract of MCC specifically contemplated
                                         by the Amended MCC Merger Agreement or (iv) amendments, waivers or consents to or under
                                         the existing debt documents of MCC in the ordinary course of business consistent with
                                         past practice;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 18; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">form
                                         any entity that would comprise a subsidiary or dissolve or liquidate any subsidiary,
                                         in each case other than a wholly owned subsidiary;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">materially
                                         amend any income tax return or any other material tax return;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">settle
                                         or compromise any material U.S. federal, state, local or foreign income tax liability,
                                         audit, claim or assessment;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">enter
                                         into any material closing agreement related to taxes, except in each case unless required
                                         by tax law or necessary or appropriate to preserve the status of any subsidiary of MCC
                                         as a disregarded entity or partnership for U.S. federal income tax purposes;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">acquire
                                         the assets, business, or properties of any non-affiliated entity, or make any loans,
                                         advances or capital contributions to, or investments in, any person or entity (other
                                         than any wholly owned subsidiary of MCC);</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">allow
                                         the lapse or termination of policies of insurance covering material assets and businesses
                                         (other than the replacement of existing policies with substantially comparable policies);</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action or willfully fail to take any action that is intended or may reasonably be
                                         expected to result in any of the conditions to the MCC Merger not being satisfied;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">implement
                                         or adopt any change in its tax accounting or financial accounting principles, practices
                                         or methods, other than as may be required by applicable law, GAAP or regulatory guidelines;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action that would be reasonably expected to prevent, materially impede or delay beyond
                                         March 31, 2020 (the &ldquo;<B><I>MCC Merger Outside Date</I></B>&rdquo;) the consummation
                                         of the transactions contemplated by the Amended MCC Merger Agreement; or</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">agree
                                         to take, or publicly announce an intention to take, any of the foregoing actions.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, Sierra has agreed, except as expressly contemplated or permitted by the Amended MCC Merger Agreement or as set forth
in a schedule to the Amended MCC Merger Agreement, without the written consent of MCC (which may not be unreasonably withheld,
conditioned or delayed), to not, and to not permit its subsidiaries to:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">adjust,
                                         split, combine or reclassify any of its capital stock;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">make,
                                         declare or pay any dividend, other than (i) its regular quarterly dividend consistent
                                         with past practice, (ii) dividends paid by any of Sierra&rsquo;s subsidiaries to Sierra
                                         or to any of its wholly owned subsidiaries and (iii) any dividend necessary to comply
                                         with Subchapter M of Chapter 1 of the Code;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">make
                                         any other distribution on, or directly or indirectly redeem, purchase or otherwise acquire,
                                         any shares of its capital stock or other ownership interests or any securities or obligations
                                         other than in the ordinary course of business consistent with past practice or as required
                                         by the Sierra Charter or Sierra Bylaws or under Subchapter M of Chapter 1 of the Code;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">grant
                                         any stock options or restricted shares or restricted stock units, or grant any person
                                         or entity any right to acquire any shares of its capital stock, or other ownership interests
                                         or other securities or issue or sell any additional shares of capital stock or other
                                         ownership interests or securities or rights convertible (whether currently convertible
                                         or convertible only after the passage of time or the occurrence of certain events) into
                                         or exchangeable for any shares of its capital stock or other ownership interest, other
                                         than in the ordinary course of business consistent with past practice or as contemplated
                                         by Sierra&rsquo;s SEC reports;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">issue
                                         any additional shares of capital stock or other securities other than in the ordinary
                                         course of business consistent with past practice or as contemplated by Sierra&rsquo;s
                                         SEC reports;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 19; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">sell,
                                         transfer, pledge, lease, license, mortgage, encumber or otherwise dispose of any material
                                         amount of its properties or assets (including pursuant to securitizations) to any person
                                         or entity other than a wholly owned subsidiary or cancel, release or assign any material
                                         amount of indebtedness owed to or any claims held by any such person or entity, in each
                                         case other than pursuant to contracts in force at the date of the Amended MCC Merger
                                         Agreement, except in furtherance of its investment objective as set forth in reports
                                         filed with the SEC by Sierra;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action, or knowingly fail to take any action, which action or failure to act is reasonably
                                         likely to prevent the MCC Merger from qualifying as a &ldquo;reorganization&rdquo; within
                                         the meaning of Section 368(a) of the Code;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">enter
                                         into any agreement with respect to, or amend any agreements relating to, its capital
                                         stock or indebtedness;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">except
                                         as discussed above under &ldquo;&mdash;Sierra Charter and Bylaws,&rdquo; amend, repeal
                                         or otherwise modify any provision of the Sierra Charter, the Sierra Bylaws, the MCC Certificate
                                         or the MCC Bylaws in a manner that would adversely affect MCC, the MCC Stockholders or
                                         the transactions contemplated by the Amended MCC Merger Agreement;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">enter
                                         into, renew, modify, amend or terminate, or waive, release, compromise or assign any
                                         rights or claims under, any material contract of Sierra (as defined in the Amended MCC
                                         Merger Agreement) or any contract that, if existing as of the date of the Amended MCC
                                         Merger Agreement, would be a material contract of Sierra, in each case other than (i)
                                         any termination or renewal in accordance with the terms of any existing material contract
                                         of Sierra that occurs automatically without any action (other than notice of renewal)
                                         by Sierra or any of its subsidiaries, (ii) the entry into any modification or amendment
                                         of, or waiver or consent under, any material contract of Sierra as required or necessitated
                                         to obtain any required approval in connection with the MCC Merger, or (iii) the termination
                                         of a material contract specifically contemplated by the Amended MCC Merger Agreement;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">form
                                         any entity that would comprise a subsidiary or dissolve or liquidate any subsidiary,
                                         in each case, other than a wholly owned subsidiary;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">materially
                                         amend any income tax return or any other material tax return;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">settle
                                         or compromise any material U.S. federal, state, local or foreign income tax liability,
                                         audit, claim or assessment;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">enter
                                         into any material closing agreement related to taxes, except in each case unless required
                                         by tax law or necessary or appropriate to preserve the status of any subsidiary of Sierra
                                         as a disregarded entity or partnership for U.S. federal income tax purposes;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action, or permit the taking of any action, that will result in Sierra not having
                                         in cash or cash equivalents amounts sufficient to make payment of the cash portion of
                                         the MCC Merger Consideration due at the MCC Merger Closing;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">enter
                                         into any contract involving or relating to, or otherwise approve, any liquidation, dissolution,
                                         merger, consolidation, restructuring, recapitalization, reorganization or similar transaction;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action or willfully fail to take any action that is intended or may reasonably be
                                         expected to result in any of the conditions to the MCC Merger Closing not being satisfied;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action that would be reasonably expected to prevent, materially impede or delay beyond
                                         the MCC Merger Outside Date the consummation of the transactions contemplated by the
                                         Amended MCC Merger Agreement; or</FONT> </TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">agree
                                         to take, or publicly announce an intention to take, any of the foregoing actions.</FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">vii.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Go-Shop
                                         Period</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the terms of the Amended MCC Merger Agreement, during the Go-Shop Period beginning on the date of the Amended MCC Merger Agreement
and continuing until 12:01 a.m. on September&nbsp;27, 2019 (the &ldquo;<B><I>No-Shop&nbsp;Period Start Date</I></B>&rdquo;): (A)
MCC and its representatives shall have the right to directly or indirectly (i) solicit, initiate, propose, cause or induce the
making, submission or announcement of, or encourage, facilitate or assist, whether publicly or otherwise, any MCC Merger Competing
Proposal (or any inquiry, proposal or offer that could lead to a MCC Merger Competing Proposal), (ii) subject to the entry into,
and in accordance with, an acceptable confidentiality agreement, the MCC Special Committee, in its discretion, may furnish to
any person (and its representatives and financing sources subject to the terms and obligations of such acceptable confidentiality
agreement applicable to such person) any non-public&nbsp;information relating to MCC or afford to any such person (and such representatives
and financing sources) access to the business, properties, assets, books, records and other non-public&nbsp;information, and to
any personnel, of MCC (provided that, subject to certain limits, MCC will provide to Sierra any information relating to MCC that
was not previously provided or made available to Sierra prior to or concurrently with the time it is furnished to such person),
in any such case with the intent to induce the making, submission and announcement of, and to encourage, facilitate and assist,
any proposal or inquiry that constitutes, or is reasonably expected to lead to, a MCC Merger Competing Proposal or any inquiries
or the making of any proposal that would reasonably be expected to lead to a MCC Merger Competing Proposal, and (iii) engage in,
enter into, continue, maintain, or otherwise participate in, any discussions or negotiations with any persons (and their respective
representatives, including potential financing sources) with respect to any MCC Merger Competing Proposal (or inquiries, proposals
or offers or other efforts that could lead to a MCC Merger Competing Proposal) and cooperate with or assist or participate in
or facilitate any such inquiries, proposals, offers, discussions or negotiations or any effort or attempt to make any MCC Merger
Competing Proposals; and (B) the MCC Board shall have the right to make a MCC Adverse Recommendation Change.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 20; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, in the event Sierra receives a MCC Merger Competing Proposal during the Go-Shop&nbsp;Period, Sierra and the Sierra Board
(or the Sierra Special Committee) and its representatives may engage in negotiations or substantive discussions with, or furnish
any information and other access to, the person making such MCC Merger Competing Proposal and its representatives and affiliates,
without the Sierra Board being required to determine that (A) such MCC Merger Competing Proposal either constitutes a MCC Merger
Superior Proposal or could reasonably be expected to lead to a MCC Merger Superior Proposal and (B) failure to consider such MCC
Merger Competing Proposal could reasonably be expected to be inconsistent with the fiduciary duties of the directors of Sierra
under applicable law.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
each case, MCC&rsquo;s and Sierra&rsquo;s ability to engage in negotiations or substantive discussions with any third party is
subject to certain procedural requirements set forth in the Amended MCC Merger Agreement.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">viii.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Transaction
                                         Expenses</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Amended MCC Merger Agreement, all fees and expenses incurred in connection with the MCC Merger, the Amended MCC Merger Agreement,
and the transactions contemplated by the Amended MCC Merger Agreement are to be paid by the party incurring such fees or expenses;
provided, that the costs and expenses of preparing, filing, printing and mailing the amended Registration Statement on Form N-14
and the Amended Sierra Joint Proxy Statement/Prospectus, all other filing fees and amounts paid to the SEC in connection with
the MCC Merger, and the fees of any HSR Act filing will be borne equally by MCC and Sierra.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ix.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Conditions
                                         to the MCC Merger</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MCC
and Sierra will not be obligated to complete the MCC Merger unless a number of conditions are satisfied or waived, including,
among others:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         receipt of MCC Stockholder Approval;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         receipt of Sierra Stockholder Approval;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         amended Registration Statement on Form N-14 shall have been declared effective by the
                                         SEC under the Securities Act and no stop order suspending the effectiveness of the amended
                                         Registration Statement on Form N-14 shall have been issued and no proceedings for that
                                         purpose shall have been initiated or threatened by the SEC;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         outstanding shares of Sierra Common Stock, the MCC Merger Shares, the shares of Sierra
                                         Common Stock to be issued in the MDLY Merger, and the Settlement Shares shall have been
                                         authorized for listing on the NYSE, subject to official notice of issuance;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Order shall have been granted and be in full force and effect as of the MCC Merger Closing
                                         Date;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sierra
                                         shall have made or obtained such filings and approvals as are required to be made or
                                         obtained under the securities or &ldquo;blue sky&rdquo; laws of various states in connection
                                         with the issuance of the MCC Merger Shares;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">no
                                         order, injunction or decree issued by any court or agency of competent jurisdiction or
                                         other law preventing or making illegal the consummation of the MCC Merger or any of the
                                         other transactions contemplated by the Amended MCC Merger Agreement shall be in effect;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any
                                         waiting period (and any extension thereof) applicable to the MCC Merger under the HSR
                                         Act shall have expired or been terminated;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each
                                         of the conditions to the MDLY Merger Closing (as defined below) shall have been satisfied
                                         or appropriately waived, and the MDLY Merger shall be consummated simultaneously with
                                         the MCC Merger;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sierra
                                         and MCC Advisors shall have executed and delivered the New Investment Advisory Agreement,
                                         to be effective as of the MCC Merger Effective Time, and such agreement shall have been
                                         approved by the Sierra Board and received requisite Sierra Stockholder Approval each
                                         in accordance with all applicable requirements of Section 15 of the 1940 Act;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 21; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MCC
                                         and MCC Advisors shall have executed a termination agreement terminating the MCC Investment
                                         Management Agreement between MCC and MCC Advisors, effective as of the MCC Merger Closing
                                         Date;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sierra
                                         and SIC Advisors shall have executed a termination agreement terminating the Sierra Investment
                                         Advisory Agreement, effective as of the MCC Merger Closing Date;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sierra
                                         or MCC, as the case may be, shall have obtained certain consents and approvals relating
                                         to their respective joint venture arrangements;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">in
                                         connection with the Amended MDLY Merger Agreement, MDLY shall have obtained written consents
                                         to the continuation, following the MDLY Merger Effective Time (as defined below), of
                                         the advisory relationship with private funds and managed accounts representing 65% of
                                         MDLY&rsquo;s total revenues from private funds and managed accounts for the 12-month
                                         period ended as of June 30, 2018;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         SEC shall not have rescinded its confirmation that the equity of the surviving company
                                         in the MDLY Merger <FONT STYLE="background-color: white">shall, following the MDLY Merger,
                                         be</FONT>, being treated as a portfolio investment of <FONT STYLE="text-decoration: none; text-underline-style: double; background-color: white">the
                                         Combined Company</FONT> and reflected in the Combined Company&rsquo;s consolidated financial
                                         statements at fair value for accounting purposes, and that the <FONT STYLE="text-decoration: none; text-underline-style: double; background-color: white">Combined
                                         Company&rsquo;s</FONT> financial results will not be consolidated into the financial
                                         statements of the <FONT STYLE="text-decoration: none; text-underline-style: double; background-color: white">Combined
                                         Company</FONT>;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">there
                                         shall be no pending suit, action or proceeding by any governmental entity, (i) challenging
                                         the acquisition by Sierra of any MCC Common Stock, seeking to restrain or prohibit the
                                         consummation of the MCC Merger or any other transaction contemplated by the Amended MCC
                                         Merger Agreement or seeking to obtain from MCC or Sierra any damages that are material
                                         in relation to MCC and its subsidiaries taken as a whole, or (ii) seeking to prohibit
                                         Sierra or any of its subsidiaries from effectively controlling in any material respect
                                         the business or operations of MCC and its subsidiaries;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         parties shall have received the written opinion of Eversheds Sutherland (US) LLP (or
                                         such other counsel as may be reasonably satisfactory to the parties), dated as of the
                                         MCC Merger Closing Date and in form and substance reasonably satisfactory to the parties,
                                         to the effect that, on the basis of facts, representations and assumptions set forth
                                         or referred to in such opinion, the MCC Merger will qualify as a reorganization within
                                         the meaning of Section 368(a) of the Code;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Seth
                                         Taube shall have resigned from the Sierra Board; and</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none; text-underline-style: double; background-color: white">the
                                         MCC Stockholder Action shall have been settled pursuant to the Settlement, the Settlement
                                         shall have been approved by the Delaware Court of Chancery and the judgment entered by
                                         the Delaware Court of Chancery finding the terms of the settlement reflected in the Settlement
                                         to be fair and reasonable, approving the Settlement as to the MCC Stockholder Action,
                                         providing for dismissal with prejudice of the MCC Stockholder Action and approving the
                                         release of all claims being released under or pursuant to the Settlement shall have become
                                         final and binding on the parties to the MCC Stockholder Action.</FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">x.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Termination
                                         of the Amended MCC Merger Agreement</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Amended MCC Merger Agreement generally may be terminated<FONT STYLE="background-color: white">, whether before or after the receipt
of the MCC Stockholder Approval or the Sierra Stockholder Approval</FONT>:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         the mutual written agreement of MCC and Sierra;</FONT></TD></TR>                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         either MCC or Sierra, if any governmental entity whose consent or approval is a condition
                                         to the MCC Merger Closing has denied the granting of any such consent or approval and
                                         such denial has become final and nonappealable, or any governmental entity of competent
                                         jurisdiction has issued a final and nonappealable order, injunction or decree permanently
                                         enjoining or otherwise prohibiting or making illegal the consummation of the transactions
                                         contemplated by the Amended MCC Merger Agreement;</FONT> </TD></TR>                                                                                                               <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         either MCC or Sierra, if the MCC Merger will not have been consummated on or prior to
                                         the MCC Merger Outside Date, unless the failure of the MCC Merger Closing to occur by
                                         such date will be due to the failure of the party seeking to terminate the Amended MCC
                                         Merger Agreement to perform or observe the covenants and agreements of such party set
                                         forth in the Amended MCC Merger Agreement; provided that the terminating party is not
                                         then in material breach of any representation, warranty, covenant or other agreement
                                         contained herein, and such breach has caused or resulted in the failure of the MCC Merger
                                         Closing to occur by or prior to the MCC Merger Outside Date;</FONT> </TD></TR>                                                                                                                          <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         either Sierra or MCC, at any time prior to the MCC Merger Effective Time, in the event
                                         that (i) MCC or Sierra, as the case may be, has failed to obtain the MCC Stockholder
                                         Approval or the Sierra Stockholder Approval, as applicable, at the MCC Special Meeting
                                         or the Sierra Special Meeting, respectively, at which a vote is taken on the MCC Merger,
                                         or (ii) the Amended MDLY Merger Agreement has been terminated;</FONT> </TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 22; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         either MCC or Sierra (provided that the terminating party is not then in material breach
                                         of any representation, warranty, covenant or other agreement contained in the Amended
                                         MCC Merger Agreement), if there has been a breach of any of the covenants or agreements
                                         or any of the representations or warranties set forth in the Amended MCC Merger Agreement
                                         on the part of MCC, in the case of a termination by Sierra, or Sierra, in the case of
                                         a termination by MCC, which breach, either individually or in the aggregate, would result
                                         in, if occurring or continuing on the MCC Merger Closing Date, the failure of certain
                                         closing conditions set forth in the Amended MCC Merger Agreement, as the case may be,
                                         and which is not cured within 30 days following written notice to the party committing
                                         such breach or by its nature or timing cannot be cured within such time period;</FONT> </TD></TR>                                                                                                                                             <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         Sierra, (i) within 10 business days after the MCC Board has effected an MCC Adverse Recommendation
                                         Change prior to receipt of MCC Stockholder Approval, (ii) in the event that the MCC Board
                                         has approved or authorized MCC or any of its subsidiaries to enter into a merger agreement,
                                         letter of intent, acquisition agreement, purchase agreement or other similar agreement
                                         with respect to a MCC Merger Competing Proposal or (iii) MCC fails to include the recommendation
                                         of the MCC Board in the Amended Sierra Joint Proxy Statement/Prospectus;</FONT> </TD></TR>                                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         MCC, in the event that (i) (A) MCC has received an MCC Merger Superior Proposal, (B)
                                         subject to MCC&rsquo;s compliance with the Amended MCC Merger Agreement as it relates
                                         to negotiating in good faith with Sierra regarding the potential amendment of the Amended
                                         MCC Merger Agreement, MCC Board or any authorized committee thereof has authorized MCC
                                         to enter into a definitive agreement to consummate the transaction contemplated by such
                                         MCC Merger Superior Proposal, and (C) concurrently with the termination of the Amended
                                         MCC Merger Agreement, MCC pays Sierra the termination fee under the Amended MCC Merger
                                         Agreement and enters into the definitive agreement to consummate the transaction contemplated
                                         by such MCC Merger Superior Proposal; or (ii) the MCC Board or any authorized committee
                                         thereof has effected an MCC Adverse Recommendation Change in accordance with the applicable
                                         provisions of the Amended MCC Merger Agreement;</FONT> </TD></TR>                                                                                                             <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         MCC, (i) within 10 business days after the Sierra Board has effected a Sierra MCC Merger
                                         Adverse Recommendation Change prior to receipt of Sierra Stockholder Approval, (ii) in
                                         the event the Sierra Board has approved, or authorized Sierra or any of its subsidiaries
                                         to enter into, a merger agreement, letter of intent, acquisition agreement, purchase
                                         agreement or other similar agreement with respect to a MCC Merger Competing Proposal
                                         or (iii) Sierra fails to include the recommendation of the Sierra Board in the Amended
                                         Sierra Joint Proxy Statement/Prospectus;</FONT> </TD></TR>                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         Sierra, in the event that: (i) (A) Sierra has received a MCC Merger Superior Proposal,
                                         (B) subject to Sierra&rsquo;s compliance with its obligations under the Amended MCC Merger
                                         Agreement as it relates to negotiating in good faith with MCC regarding the potential
                                         amendment of the Amended MCC Merger Agreement, the Sierra Board or any authorized committee
                                         thereof has authorized Sierra to enter into a definitive agreement to consummate the
                                         transaction contemplated by such MCC Merger Superior Proposal, and (C) concurrently with
                                         the termination of the Amended MCC Merger Agreement, Sierra pays MCC the termination
                                         fee under the Amended MCC Merger Agreement and enters into the definitive agreement to
                                         consummate the transaction contemplated by such MCC Merger Superior Proposal; or (ii)
                                         the Sierra Board or any authorized committee thereof has effected a Sierra MCC Merger
                                         Adverse Recommendation Change in accordance with the applicable provisions of the Amended
                                         MCC Merger Agreement; and</FONT> </TD></TR>                                                                                       <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">by
                                         either MCC or Sierra at any time during the Go-Shop&nbsp;Period if the MCC Special Committee
                                         or the Sierra Special Committee, as applicable, determines in its sole and absolute discretion
                                         that MCC or Sierra should pursue a strategic alternative that the MCC Special Committee
                                         or the Sierra Special Committee, as applicable, determines in its sole and absolute discretion
                                         is superior to the transactions contemplated by the Amended MCC Merger Agreement.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Amended MCC Merger Agreement does not require payment of a termination fee if the Amended MCC Merger Agreement is terminated
by either MCC or Sierra at any time during the Go-Shop Period if the MCC Special Committee or the Sierra Special Committee,
as applicable, determines in its sole and absolute discretion that MCC or Sierra should pursue a strategic alternative that
the MCC Special Committee or the Sierra Special Committee, as applicable, determines in its sole and absolute discretion is
superior to the transactions contemplated by the Amended MCC Merger Agreement. In addition, the termination fee is $0 if the
Amended MCC Merger Agreement is terminated on or after the No-Shop&nbsp;Period Start Date but prior to 11:59 p.m. (Eastern
Time) on October&nbsp;11, 2019 by (i) MCC pursuant to in connection with MCC entering into a definitive agreement with any
Excluded Party (as defined in the Amended MCC Merger Agreement) or in connection with an &ldquo;adverse recommendation
change&rdquo; resulting from a MCC Merger Superior Proposal made by an Excluded Party; or (ii) by Sierra in connection with
an &ldquo;adverse recommendation change&rdquo; resulting from a MCC Merger Superior Proposal made by an Excluded Party or the
MCC Board&rsquo;s approval or authorization of MCC to enter into a merger agreement, letter of intent, acquisition agreement,
purchase agreement, or other similar agreement with respect to a MCC Merger Superior Proposal with an Excluded
Party.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 23; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_017"></A>d.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>The
                                         Amended MDLY Merger Agreement</U></FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the Amended MDLY Merger Agreement, subject to certain conditions described therein, at the closing of the MDLY Merger (the
&ldquo;<B><I>MDLY Merger Closing</I></B>&rdquo;), MDLY will merge with and into Merger Sub, and the separate corporate existence
of MDLY will cease. Merger Sub will be the surviving company in the MDLY Merger and will continue its existence as a corporation
under the laws of the State of Delaware and a wholly owned subsidiary of Sierra. The MDLY Merger will become effective at the
time (the &ldquo;<B><I>MDLY Merger Effective Time</I></B>&rdquo;) set forth in a certificate of merger (the &ldquo;<B><I>MDLY
Certificate of Merger</I></B>&rdquo;) to be filed with the Delaware Secretary.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">i.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Consideration</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the MDLY Merger, each share of MDLY Class A Common Stock issued and outstanding immediately prior to the MDLY Merger Effective
Time (other than Excluded MDLY Shares and any Dissenting Shares (as defined and discussed below)) <FONT STYLE="background-color: white">held,
immediately prior to the MDLY Merger Effective Time, by a person other than a Medley LLC Unitholder </FONT>will be converted into
the right to receive (i) 0.2668 shares of Sierra Common Stock, provided that cash will be paid in lieu of fractional shares of
Sierra Common Stock; plus (ii) cash in an amount equal to $2.96 per share. <FONT STYLE="background-color: white">In addition,
in the MDLY Merger, each share of MDLY Class A Common Stock issued and outstanding immediately prior to the MDLY Merger Effective
Time (other than the Excluded MDLY Shares and any Dissenting Shares) held, immediately prior to the MDLY Merger Effective Time,
by a Medley LLC Unitholder will be converted into the right to receive (i) 0.2072&nbsp;shares of Sierra Common Stock; provided
that cash will be paid in lieu of fractional shares of Sierra Common Stock; plus (ii) cash in an amount equal to $2.66 per share.</FONT></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
shares of Sierra Common Stock to be issued in the MDLY Merger, together with the cash to be paid in lieu of fractional shares
and the applicable cash payment per share of MDLY Class A Common Stock issued and outstanding immediately prior to the MDLY Merger
Effective Time are referred to collectively as the&nbsp;&ldquo;<B><I>MDLY Merger Consideration</I></B>.&rdquo;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Also
in the MDLY Merger, each share of MDLY Class B Common Stock, other than Dissenting Shares, issued and outstanding immediately
prior to the MDLY Merger Effective Time will be cancelled and will cease to exist and no MDLY Merger Consideration or other amounts
or consideration will be delivered in exchange therefor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Amended MDLY Merger Agreement provides that MDLY will take (and will cause Medley LLC to take) all steps necessary to cause all
Medley LLC Units held by members of Medley LLC <FONT STYLE="background-color: white">(including Vesting Medley Restricted Units
but excluding the Non-Vesting&nbsp;Medley Restricted Units)</FONT>, other than MDLY, to be converted into shares of MDLY Class
A Common Stock as of immediately prior to the MDLY Merger Effective Time, pursuant to the Exchange Agreement <FONT STYLE="background-color: white">and
the Tax Receivable Termination Agreement</FONT>. In addition, each <FONT STYLE="background-color: white">Vesting Medley Restricted
Unit </FONT>will become fully vested, all restrictions with respect to such Vesting Medley Restricted Units will lapse and the
Vesting Medley Restricted Units will be exchanged for MDLY Class A Common Stock in accordance with the Exchange Agreement <FONT STYLE="background-color: white">and
the Tax Receivable Termination Agreement </FONT>immediately prior to the MDLY Merger Effective Time<FONT STYLE="background-color: white">,
and such shares of</FONT> MDLY Class A Common Stock will participate in the MDLY Merger on the same <FONT STYLE="background-color: white">basis
as the Medley LLC Unitholders in accordance with the terms of the Amended MDLY Merger Agreement. Each Non-Vesting&nbsp;Medley
Restricted Unit shall be converted into 0.7079 Sierra RSUs (as described below). Pursuant to the terms of the Tax Receivable Termination
Agreement executed in connection with the Amended MDLY Merger Agreement, each Medley LLC Unitholder acknowledged and agreed, among
other things, that the per-share&nbsp;merger consideration payable to such Medley LLC Unitholder will have a per-share&nbsp;value
less than the per share value of the merger consideration payable to holders of shares</FONT> of MDLY Class A Common Stock <FONT STYLE="background-color: white">who
are not Medley LLC Unitholders, and such Medley LLC Unitholder expressly waived any right it may otherwise have to receive the
higher per-share&nbsp;merger consideration payable to the other stockholders.</FONT></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Also
as of the MDLY Merger Effective Time, each MDLY RSU outstanding and not previously forfeited under the MDLY Incentive Plan, other
than MDLY RSUs held by non-management directors of MDLY, <FONT STYLE="background-color: white">and each Non-Vesting&nbsp;Medley
Restricted Unit, </FONT>will be converted into 0.7079 restricted stock units under the Sierra Incentive Plan (&ldquo;<B><I>Sierra
RSUs</I></B>&rdquo;). Each Sierra RSU (or portion thereof) into which a MDLY RSU will be converted will have identical terms as
it relates to vesting and forfeiture. In addition, as of immediately prior to the MDLY Merger Effective Time, the restrictions
on each MDLY RSU outstanding and not previously forfeited under the MDLY Incentive Plan held by non-management directors of MDLY
will lapse and the relevant MDLY RSU will be converted into a share of MDLY Class A Common Stock that will participate in the
MDLY Merger on the same basis as the other individual holders of shares of MDLY Class A Common Stock <FONT STYLE="background-color: white">(other
than any Medley LLC Unitholder), subject to certain requirements set forth in the Amended MDLY Merger Agreement</FONT>.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 24; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Appraisal
                                         Rights</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Amended MDLY Merger Agreement provides that Dissenting Shares will not be converted into or represent the right to receive the
applicable MDLY Merger Consideration in accordance with the Amended MDLY Merger Agreement, but will be entitled only to such rights
as are granted by the DGCL to a holder of Dissenting Shares (and at the MDLY Merger Effective Time, such Dissenting Shares shall
no longer be outstanding and will automatically be canceled and will cease to exist, and such holder will cease to have any rights
with respect thereto, except the rights set forth in Section 262 of the DGCL), unless and until such holder has failed to perfect
or has effectively withdrawn or otherwise lost such holder&rsquo;s right to appraisal under the DGCL. If any Dissenting Shares
will lose their status as such (by the holder thereof effectively withdrawing, failing to perfect, or otherwise losing <FONT STYLE="background-color: white">such
holder&rsquo;s </FONT>appraisal rights under the DGCL with respect to such shares), then, as of the later of the MDLY Merger Effective
Time or the date of loss of such status, such shares will thereupon be deemed to have been converted as of the MDLY Merger Effective
Time into the right to receive the applicable MDLY Merger Consideration in accordance with the Amended MDLY Merger Agreement,
without interest, and will not thereafter be deemed to be Dissenting Shares.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Amended MDLY Merger Agreement, &ldquo;<B><I>Dissenting Shares</I></B>&rdquo; are defined as shares of MDLY Common Stock issued
and outstanding immediately prior to the MDLY Merger Effective Time that are held by a holder who has not voted in favor of the
MDLY Merger or consented thereto in writing and properly demands appraisal rights of such shares pursuant to, and who is complying
in all respects with, the provisions of Section 262 of the DGCL (until such time as such holder effectively withdraws, fails to
perfect or otherwise loses such holder&rsquo;s appraisal rights under the DGCL with respect to such shares, at which time such
shares will cease to be Dissenting Shares).</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Amended MDLY Merger Agreement provides that MDLY must give Sierra notice of any MDLY Stockholder who has not voted in favor of
the MDLY Merger or consented thereto in writing and has properly demanded appraisal rights pursuant to, and who is complying in
all respects with, the provisions of Section 262 of the DGCL and Sierra has the right to participate in all negotiations and proceedings
with respect to any such demands. MDLY has agreed that it will not, except with the prior written consent of Sierra, voluntarily
make any payment with respect to, or settle or offer to settle, any such demand for payment. Sierra has agreed that it will contribute
or cause to be contributed to <FONT STYLE="background-color: white">Merger Sub, as the surviving company in the MDLY Merger, </FONT>funds
sufficient from time to time to make all payments with respect to the Dissenting Shares.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Sierra
                                         Charter and Bylaws</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the Amended MDLY Merger Agreement, the Sierra Board has reviewed and approved the Sierra Charter Amendments in order to remove
terms inconsistent with, and to add terms advisable to reflect, the publicly traded nature of the Combined Company following the
MDLY Merger Closing. Approval of the Third Amended and Restated Sierra Charter is a condition to closing under the Amended MCC
Merger Agreement, but approval of the Articles of Amendment to the Third Amended Restated Sierra Charter is not.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Board has reviewed and approved the Amended and Restated Sierra Bylaws in order to remove terms inconsistent with, and
to add terms advisable to reflect, the publicly traded nature of the Combined Company following the MDLY Merger Effective Time.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 25; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iv.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Officers
                                         and Directors of the Surviving Company</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Amended MDLY Merger Agreement, the officers and directors of Merger Sub immediately prior to the MDLY Merger Effective Time
would become the officers and directors of Merger Sub, as the surviving company in the MDLY Merger, from and after the MDLY Merger
Effective Time until their respective successors have been duly elected and qualified or until their respective earlier death,
resignation or removal in accordance with the certificate of incorporation of the surviving company and applicable law.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">v.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Closing
                                         of the MDLY Merger</U></FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless
extended by mutual agreement of MDLY and Sierra, the MDLY Merger Closing will take place at 10:00 A.M. on a date and at a place
to be specified by the parties, which must be no later than five business days following the satisfaction or waiver (subject to
applicable law) of the latest to occur of the conditions to the MDLY Merger Closing (as set forth in the Amended MDLY Merger Agreement
and as described in the section of the Amended Sierra Joint Proxy Statement/Prospectus captioned &ldquo;The Amended MDLY Merger
Agreement &mdash; Conditions to the MDLY Merger&rdquo;), other than conditions that by their terms are to be satisfied at the
MDLY Merger Closing and subject to the satisfaction or waiver of such conditions. The date on which the MDLY Merger Closing actually
occurs is referred to as the &ldquo;<B><I>MDLY Merger Closing Date</I></B>.&rdquo;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">If
the Amended MCC Merger Agreement has not been terminated on or prior to the MDLY Merger Closing Date, and if, as of the MDLY Merger
Closing Date, all of the conditions set forth in Article VIII of the Amended MCC Merger Agreement (other than those conditions
that by their nature are to be satisfied or waived at the closing thereunder) have been satisfied or waived in accordance with
the terms of the Amended MCC Merger Agreement, the parties to the Amended MDLY Merger Agreement will use their reasonable best
efforts to cause the MDLY Merger Closing to occur simultaneously with the closing of the MCC Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Contemporaneously
with the MDLY Merger Closing, Sierra will file or cause to be filed the MDLY Certificate of Merger with the Delaware Secretary.
The MDLY Merger will become effective at the MDLY Merger Effective Time set forth in the Certificate of Merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">vi.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Representations
                                         and Warranties</U></FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Amended MDLY Merger Agreement contains certain representations and warranties made by MDLY to Sierra including, but not limited
to, representations regarding:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">corporate
                                         organization, valid existence, good standing, qualification to do business and subsidiaries;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">capitalization,
                                         indebtedness and equity awards;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">corporate
                                         authority, validity of the Amended MDLY Merger Agreement and unanimous board approval
                                         of the MDLY Merger;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">absence
                                         of conflicts with or violation of, among other things, organizational documents or applicable
                                         laws;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">third
                                         party and governmental consents and approvals;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">reports
                                         and regulatory matters;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financial
                                         statements;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">broker&rsquo;s
                                         fees;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">absence
                                         of certain changes and events;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">legal
                                         proceedings;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">taxes,
                                         tax returns and tax protection agreements;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">compliance
                                         with applicable law;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">material
                                         contracts;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">property;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">intellectual
                                         property;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">inapplicability
                                         of state takeover laws;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fairness opinion received by the MDLY Special Committee;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">information
                                         to be provided by MDLY or its representatives for inclusion in the Amended Sierra Joint
                                         Proxy Statement/Prospectus and Schedule 13E-3;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 26; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">insurance;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">environmental
                                         matters;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">employee
                                         benefit plans and other employment matters;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">related
                                         party transactions;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">investment
                                         adviser matters; and</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">broker-dealer
                                         matters.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Amended MDLY Merger Agreement also contains certain representations and warranties made by Sierra to MDLY including, but not limited
to, representations regarding:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">corporate
                                         organization, valid existence, good standing, qualification to do business and subsidiaries;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">capitalization
                                         and indebtedness;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">corporate
                                         authority, validity of the Amended MDLY Merger Agreement and unanimous board approval
                                         of the MDLY Merger;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">absence
                                         of conflicts with or violation of, among other things, organizational documents or applicable
                                         laws;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">third
                                         party and governmental consents and approvals;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">reports
                                         and regulatory matters;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financial
                                         statements;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">broker&rsquo;s
                                         fees;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">absence
                                         of certain changes and events;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">legal
                                         proceedings;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">taxes
                                         and tax returns;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">compliance
                                         with applicable law;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">material
                                         contracts;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">matters
                                         relating to Sierra&rsquo;s investments and ownership thereof;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">property;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">intellectual
                                         property;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">inapplicability
                                         of state takeover laws;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fairness opinion received by the Sierra Special Committee;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">information
                                         to be provided by Sierra or its representatives for inclusion in the Amended Sierra Joint
                                         Proxy Statement/Prospectus;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">insurance;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">environmental
                                         matters;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">no
                                         financing condition; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
                                         15(f) of the 1940 Act.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"></P>

<!-- Field: Page; Sequence: 27; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">vii.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Covenants
                                         Relating to the Conduct of the Business</U></FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Amended MDLY Merger Agreement, Sierra and MDLY have agreed that, except as expressly contemplated by or permitted by the Amended
MDLY Merger Agreement, the Amended MCC Merger Agreement or with the prior written consent of the other party, during the period
from the date of the Amended MDLY Merger Agreement to the MDLY Merger Effective Time, (a) each of Sierra and MDLY will, and will
cause each of its respective subsidiaries to (i) conduct its business in the ordinary course in all material respects, as such
business is being conducted as of the date of the Amended MDLY Merger Agreement, and (ii) use commercially reasonable efforts
to maintain and preserve intact its business organization and advantageous business relationships and retain the services of its
key officers and key employees, and (b) each of Sierra and MDLY will, and will cause each of its respective subsidiaries to, take
no action that is intended to or would reasonably be expected to adversely affect or materially delay the ability of Sierra or
MDLY either to obtain any necessary approvals of any self-regulatory organization or governmental entity required for the transactions
contemplated by the Amended MDLY Merger Agreement or to perform its covenants and agreements under the Amended MDLY Merger Agreement
or to consummate the transactions contemplated thereunder.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, MDLY has agreed, except as expressly contemplated or permitted by the Amended MDLY Merger Agreement or as set forth
in a schedule to the Amended MDLY Merger Agreement, without the prior written consent of Sierra (which may not be unreasonably
withheld, conditioned or delayed), to not, and to not permit its subsidiaries to:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">incur
                                         any indebtedness for borrowed money, assume, guarantee, endorse or otherwise as an accommodation
                                         become responsible for the obligations of any other individual, corporation or other
                                         entity, or, make any loan or advance or capital contribution to, or investment in, any
                                         person or entity;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">adjust,
                                         split, combine or reclassify any of its capital stock;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">make,
                                         declare or pay any dividend, other than (i) its regular quarterly dividend consistent
                                         with past practice of no more than $0.20 per share, and (ii) dividends paid by any of
                                         MDLY&rsquo;s subsidiaries (other than Medley LLC) to any of its wholly owned subsidiaries;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">make
                                         any other distribution on, or directly or indirectly redeem, purchase or otherwise acquire,
                                         any shares of its capital stock or other ownership interests or any securities or rights
                                         convertible (whether currently convertible or convertible only after the passage of time
                                         or the occurrence of certain events) into or exchangeable for any shares of its capital
                                         stock or other ownership interest;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">grant
                                         any stock options or restricted shares or restricted units or restricted stock units,
                                         or grant any person or entity any right to acquire any shares of its capital stock or
                                         other ownership interests or other securities or issue or sell any additional shares
                                         of capital stock or other ownership interests or securities or rights convertible (whether
                                         currently convertible or convertible only after the passage of time or the occurrence
                                         of certain events) into or exchangeable for any shares of its capital stock or other
                                         ownership interest;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">sell,
                                         transfer, pledge, lease, license, mortgage, encumber or otherwise dispose of any material
                                         amount of its properties or assets (including pursuant to securitizations) to any person
                                         or entity other than a wholly owned subsidiary or cancel, release or assign any material
                                         amount of indebtedness owed to or any claims held by MDLY or any of its subsidiaries,
                                         in each case other than pursuant to contracts in force as of the date of the Amended
                                         MDLY Merger Agreement and set forth in MDLY&rsquo;s disclosure schedule to the Amended
                                         MDLY Merger Agreement;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">amend
                                         the MDLY certificate of incorporation or the MDLY bylaws or the organizational documents
                                         of any subsidiary of MDLY, or take any action to exempt any person or entity (other than
                                         Sierra or its subsidiaries) or any action taken by any person or entity from any applicable
                                         takeover statute or similarly restrictive provisions of its organizational documents;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">enter
                                         into, renew, modify, amend or terminate, or waive, release, compromise or assign any
                                         rights or claims under, any material contract (as defined in the Amended MDLY Merger
                                         Agreement) of MDLY (or any contract that, if existing as of the date of the Amended MDLY
                                         Merger Agreement, would be a material contract of MDLY), other than (i) any termination
                                         or renewal in accordance with the terms of any existing material contract that occurs
                                         automatically without any action (other than notice of renewal) by MDLY or any of its
                                         subsidiaries, (ii) the entry into any modification or amendment of, or waiver or consent
                                         under, any material contract as required or necessitated to obtain any required approval
                                         in connection with the MDLY Merger, (iii) the termination of a material contract of MDLY
                                         specifically contemplated by the Amended MDLY Merger Agreement or (iv) amendments, waivers
                                         or consents to or under the existing debt documents of MDLY in the ordinary course of
                                         business consistent with past practice;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"></P>

<!-- Field: Page; Sequence: 28; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">form
                                         any entity that would comprise a subsidiary or dissolve or liquidate any subsidiary;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">except
                                         as required pursuant to the terms of a MDLY employee benefit plan in effect as of the
                                         date of the Amended MDLY Merger Agreement, or as otherwise required by applicable law,
                                         (i) increase the rate of compensation or benefits payable to any partner, director, executive
                                         officer, employee or other service provider of MDLY or any of its subsidiaries (except,
                                         for employees who are not executive officers or partners, increases in annual salary
                                         or wage rate in the ordinary course of business consistent with past practice that do
                                         not exceed 10% in the aggregate), (ii) establish, adopt, materially amend or terminate
                                         any MDLY benefit plan or any plan, agreement or arrangement that would be a MDLY benefit
                                         plan if in effect on the date of the Amended MDLY Merger Agreement, (iii) take any action
                                         to accelerate the vesting, accrual or payment of, or to fund or in any other way secure
                                         the payment, of compensation or benefits under any MDLY benefit plan, except as otherwise
                                         provided in the Amended MDLY Merger Agreement, or (iv) hire any senior management employee
                                         or partner or terminate the employment or services of any senior management employee
                                         or partner other than for cause;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)
                                         except for the Tax Receivable Termination Agreement enter into, amend or modify any MDLY
                                         &ldquo;tax protection agreement&rdquo; (as defined in the Amended MDLY Merger Agreement),
                                         (ii) materially amend any income tax return or any other material tax return, (iii) settle
                                         or compromise any material U.S. federal, state, local or foreign income tax liability,
                                         audit, claim or assessment or (iv) enter into any material closing agreement related
                                         to taxes, except, in each case, unless required by applicable tax law or necessary or
                                         appropriate to preserve the status of any subsidiary of MDLY as a disregarded entity
                                         or partnership for U.S. federal income tax purposes;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">acquire
                                         the assets, business, or properties of any non-affiliated entity, or make any loans,
                                         advances or capital contributions to, or investments in, any person or entity (other
                                         than any wholly owned subsidiary of MDLY);</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">allow
                                         the lapse or termination of policies of insurance covering material assets and businesses
                                         (other than the replacement of existing policies with substantially comparable policies);</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action or willfully fail to take any action that is intended or may reasonably be
                                         expected to result in any of the conditions to the MDLY Merger not being satisfied;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">implement
                                         or adopt any change in its tax accounting or financial accounting principles, practices
                                         or methods, other than as may be required by applicable law, GAAP or regulatory guidelines;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action that would be reasonably expected to prevent, materially impede or delay beyond
                                         March 31, 2020 (the &ldquo;<B><I>MDLY Merger Outside Date</I></B>&rdquo;) the consummation
                                         of the transactions contemplated by the Amended MDLY Merger Agreement; or</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">agree
                                         to take, or publicly announce an intention to take, any of the foregoing actions.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, Sierra has agreed, except as expressly contemplated or permitted by the Amended MDLY Merger Agreement or as set forth
in a schedule to the Amended MDLY Merger Agreement, without the prior written consent of MDLY (which may not be unreasonably withheld,
conditioned or delayed), to not, and to not permit its subsidiaries to:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">adjust,
                                         split, combine or reclassify any of its capital stock;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">make,
                                         declare or pay any dividend, other than (i) its regular quarterly dividend consistent
                                         with past practice, (ii) dividends paid by any of Sierra&rsquo;s subsidiaries to Sierra
                                         or to any of its wholly owned subsidiaries and (iii) any dividend necessary to comply
                                         with Subchapter M of Chapter 1 of the Code;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 29; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">make
                                         any other distribution on, or directly or indirectly redeem, purchase or otherwise acquire,
                                         any shares of its capital stock or other ownership interests or any securities or obligations
                                         other than in the ordinary course of business consistent with past practice or as required
                                         by the Sierra Charter or the Sierra Bylaws or under Subchapter M of Chapter 1 of the
                                         Code;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">grant
                                         any stock options or restricted shares or restricted stock units, or grant any person
                                         or entity any right to acquire any shares of its capital stock, or other ownership interests
                                         or other securities or issue or sell any additional shares of capital stock or other
                                         ownership interests or securities or rights convertible (whether currently convertible
                                         or convertible only after the passage of time or the occurrence of certain events) into
                                         or exchangeable for any shares of its capital stock or other ownership interest, other
                                         than in the ordinary course of business consistent with past practice or as contemplated
                                         by Sierra&rsquo;s SEC reports;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">issue
                                         any additional shares of capital stock or other securities other than in the ordinary
                                         course of business consistent with past practice or as contemplated by Sierra&rsquo;s
                                         SEC reports;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">sell,
                                         transfer, pledge, lease, license, mortgage, encumber or otherwise dispose of any material
                                         amount of its properties or assets (including pursuant to securitizations) to any person
                                         or entity other than a wholly owned subsidiary or cancel, release or assign any material
                                         amount of indebtedness owed to or any claims held by any such person or entity, in each
                                         case other than pursuant to contracts in force at the date of the Amended MDLY Merger
                                         Agreement, except in furtherance of its investment objective as set forth in Sierra&rsquo;s
                                         SEC reports;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">except
                                         as discussed above under &ldquo;The Amended MDLY Merger Agreement&mdash;Sierra Charter
                                         and Bylaws,&rdquo; amend, repeal or otherwise modify any provision of the Sierra Charter,
                                         the Sierra Bylaws, or the certificate of incorporation or bylaws of Merger Sub in a manner
                                         that would adversely affect MDLY, the MDLY Stockholders or the transactions contemplated
                                         by the Amended MDLY Merger Agreement;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action, or permit the taking of any action, that will result in Sierra not having
                                         in cash or cash equivalents amounts sufficient to make payment of the cash portion of
                                         the MDLY Merger Consideration due at the MDLY Merger Closing;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action or willfully fail to take any action that is intended or may reasonably be
                                         expected to result in any of the conditions to the MDLY Merger Closing not being satisfied;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">take
                                         any action that would be reasonably expected to prevent, materially impede or delay beyond
                                         the MDLY Merger Outside Date (<I>i.e.</I>, March 31, 2020) the consummation of the transactions
                                         contemplated by the Amended MDLY Merger Agreement; or</FONT> </TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">agree
                                         to take, or publicly announce an intention to take, any of the foregoing actions.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 30; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">viii.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Nonsolicitation
                                         of MDLY Merger Competing Proposals</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the Amended MDLY Merger Agreement, in the event that MDLY (or its representatives on MDLY&rsquo;s behalf) or Sierra (or its representatives
on Sierra&rsquo;s behalf) receives a MDLY Merger Competing Proposal from any third party,</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-align: justify; text-indent: -0.35in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">during
                                         the Go-Shop Period, MDLY and the MDLY Board (or the MDLY Special Committee) and its representatives
                                         or Sierra and the Sierra Board (or the Sierra Special Committee) and its representatives,
                                         as applicable, may engage in negotiations or substantive discussions with, or furnish
                                         any information and other access to, any third party making such MDLY Merger Competing
                                         Proposal and its representatives and affiliates (without the MDLY Board or the Sierra
                                         Board, as applicable, being required to make the determination set forth in the third
                                         bullet point of this paragraph);</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-align: justify; text-indent: -0.35in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">during
                                         and after the expiration of the Go-Shop Period, but prior to the date that MDLY Stockholder
                                         approval is obtained (in the case of MDLY), or the Sierra Stockholder approval is obtained
                                         (in the case of Sierra), MDLY and its representatives or Sierra and its representatives,
                                         as applicable, may contact such third party to clarify any ambiguous terms and conditions
                                         thereof (without the MDLY Board or the Sierra Board, as applicable, being required to
                                         make the determination set forth in the third bullet point of this paragraph);</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-align: justify; text-indent: -0.35in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">after
                                         the expiration of the Go-Shop Period, but prior to the date that MDLY Stockholder approval
                                         is obtained (in the case of MDLY), or the Sierra Stockholder approval is obtained (in
                                         the case of Sierra), subject to satisfaction of certain procedural requirements (including
                                         without limitation the requirement that such third party (if not already bound) enter
                                         into a confidentiality agreement with MDLY or Sierra, as applicable, on terms no less
                                         favorable than the existing confidentiality agreement between MDLY and Sierra (unless
                                         MDLY or Sierra, as applicable, agrees to amend the existing confidentiality agreement
                                         to reflect such more favorable terms); provided that the confidentiality agreement with
                                         the third party need not restrict the making of competing proposals to MDLY or the MDLY
                                         Board or to Sierra or the Sierra Board, as applicable), MDLY and the MDLY Board (or the
                                         MDLY Special Committee) and its representatives or Sierra and the Sierra Board (or the
                                         Sierra Special Committee) and its representatives, as applicable, may engage in negotiations
                                         or substantive discussions with, or furnish any information and other access to, any
                                         third party making such MDLY Merger Competing Proposal and its representatives and affiliates
                                         if the MDLY Board (or the MDLY Special Committee) or Sierra Board (or the Sierra Special
                                         Committee), as applicable, determines in good faith (after consultation with its outside
                                         financial advisors and legal counsel) that:</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.3in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"> &#9675; </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">such
                                         MDLY Merger Competing Proposal either constitutes a MDLY Merger Superior Proposal (as
                                         defined below) or could reasonably be expected to lead to a MDLY Merger Superior Proposal,
                                         and</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.3in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"> &#9675; </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">failure
                                         to consider such MDLY Merger Competing Proposal could reasonably be expected to be inconsistent
                                         with the fiduciary duties of the directors of MDLY or Sierra, as applicable, under applicable
                                         law, provided that such receipt of such MDLY Merger Competing Proposal did not result
                                         from any material breach by the receiving party of any of the non-solicitation provisions
                                         of the Amended MDLY Merger Agreement and certain other procedural requirements are satisfied.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; text-decoration: none">MDLY&rsquo;s
and Sierra&rsquo;s ability to engage in negotiations or substantive discussions with any third party is subject to certain procedural
requirements set forth in the Amended MDLY Merger Agreement.</FONT> </P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ix.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
                                         15(f) of the 1940 Act</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Amended MDLY Merger Agreement provides that, subject to applicable law and the fiduciary duties of the Sierra Board, Sierra will,
to the extent within its control, not take any action, or omit to take any action, that would have the effect of causing the requirements
of any of the provisions of Section 15(f) (which governs the receipt of a profit in connection with the sale of an investment
adviser to a registered investment fund) not to be met in respect of the transactions contemplated by the Amended MDLY Merger
Agreement.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 31; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">x.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Employment
                                         Matters</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
or before the MDLY Merger Closing, MDLY will cause Medley Capital, LLC to enter into employment agreements, substantially in the
forms attached to the Amended MDLY Merger Agreement (the &ldquo;<B><I>MDLY Employment Agreements</I></B>&rdquo;), with certain
individuals, as specified in <FONT STYLE="background-color: white">such forms of employment agreements</FONT> (the &ldquo;<B><I>MDLY
Executives</I></B>&rdquo;). The identity of those individuals, and the related terms of the employment agreements, are set forth
in the Amended Sierra Joint Proxy Statement/Prospectus. In addition, prior to the MDLY Merger Closing, and subject to receipt
of the applicable exemptive relief, the Sierra Board will adopt the Sierra Incentive Plan, which will contain substantially the
same terms as the MDLY Incentive Plan.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">xi.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Transaction
                                         Expenses</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Amended MDLY Merger Agreement, all fees and expenses incurred in connection with the MDLY Merger, the Amended MDLY Merger
Agreement, and the transactions contemplated by the Amended MDLY Merger Agreement are to be paid by the party incurring such fees
or expenses; provided, that the costs and expenses of preparing, filing, printing and mailing the amended Registration Statement
on Form N-14 and the Amended Sierra Joint Proxy Statement/Prospectus, all other filing fees and amounts paid to the SEC in connection
with the MDLY Merger, and the fees of any HSR Act filing will be borne equally by MDLY and Sierra.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">xii.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Conditions
                                         to the MDLY Merger</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MDLY
and Sierra will not be obligated to complete the MDLY Merger unless a number of conditions are satisfied or waived, including:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         receipt of MDLY Stockholder Approval;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         receipt of Sierra Stockholder Approval;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         amended Registration Statement on Form N-14 shall have been declared effective by the
                                         SEC under the 1933 Act and a no stop order suspending the effectiveness of the amended
                                         Registration Statement on Form N-14 shall have been issued and no proceedings for that
                                         purpose shall have been initiated or threatened by the SEC;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         outstanding shares of Sierra Common Stock, the MDLY Merger Shares and the shares of Sierra
                                         Common Stock to be issued in the MCC Merger shall have been authorized for listing on
                                         the NYSE, subject to official notice of issuance;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Order shall have been granted and be in full force and effect as of the MDLY Merger Closing
                                         Date;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sierra
                                         shall have made or obtained such filings and approvals as are required to be made or
                                         obtained under the securities or &ldquo;blue sky&rdquo; laws of various states in connection
                                         with the issuance of the MDLY Merger Shares;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">no
                                         order, injunction or decree issued by any court or agency of competent jurisdiction or
                                         other law preventing or making illegal the consummation of the MDLY Merger or any of
                                         the other transactions contemplated by the Amended MDLY Merger Agreement shall be in
                                         effect;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any
                                         applicable waiting period (and any extension thereof) applicable to the MDLY Merger under
                                         the HSR Act shall have expired or been terminated;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">all
                                         issued and outstanding Medley LLC Units (including the Vesting Medley Restricted Units
                                         <FONT STYLE="background-color: white">but excluding the Non-Vesting&nbsp;Medley Restricted
                                         Units</FONT>) other than Medley LLC Units held by MDLY, shall have been converted into
                                         MDLY Class A Common Stock in accordance with the Exchange Agreement on (and not sooner
                                         than) the MDLY Merger Closing Date<FONT STYLE="background-color: white">, but prior to
                                         the MDLY Merger Effective Time, and no shares of MDLY Class A Common Stock issued in
                                         such conversion shall have been transferred by a Medley LLC Unitholder prior to the MDLY
                                         Merger Effective Time</FONT>;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Tax Receivable Termination Agreement, shall have been executed and delivered by all necessary
                                         parties <FONT STYLE="background-color: white">and each of the representations and warranties
                                         of the Medley LLC Unitholders under the Tax Receivable Termination Agreement shall be
                                         true and correct in all material respects on and as if made as of the MDLY Merger Closing
                                         Date and each Medley LLC Unitholder shall have complied with each of its covenants set
                                         forth in the Tax Receivable Termination Agreement since the date thereof</FONT>;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 32; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MDLY
                                         shall have obtained written consents to the continuation, following the MDLY Merger Effective
                                         Time, of the advisory relationship with private funds and managed accounts representing
                                         65% of MDLY&rsquo;s total revenues from private funds and managed accounts for the 12-month
                                         period ended as of June 30, 2018;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none; text-underline-style: double; background-color: white">the
                                         SEC shall not have rescinded its confirmation that </FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         equity of Merger Sub<FONT STYLE="background-color: white">, as the surviving company
                                         in the MDLY Merger will, following the MDLY Merger, be</FONT> treated as a portfolio
                                         investment of <FONT STYLE="background-color: white">the Combined Company or the</FONT>
                                         Sierra/MDLY Company, as applicable, and reflected in the consolidated financial statements
                                         at fair value for accounting purposes, and that the financial results will not be consolidated
                                         into the financial statements of <FONT STYLE="text-decoration: none; text-underline-style: double; background-color: white">the
                                         Combined Company or the Sierra/MDLY Company, as applicable</FONT>; and</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">there
                                         shall be no pending suit, action or proceeding by any governmental entity, (i) challenging
                                         the acquisition by Sierra of any MDLY Common Stock, seeking to restrain or prohibit the
                                         consummation of the MDLY Merger or any other transaction contemplated by the Amended
                                         MDLY Merger Agreement or seeking to obtain from MDLY or Sierra any damages that are material
                                         in relation to MDLY and its subsidiaries taken as a whole, or (ii) seeking to prohibit
                                         Sierra or any of its subsidiaries from effectively controlling in any material respect
                                         the business or operations of MDLY and its subsidiaries.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">xiii.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Termination
                                         of the Amended MDLY Merger Agreement</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Amended MDLY Merger Agreement generally may be terminated, whether before or after the receipt of the MDLY Stockholder Approval
or the Sierra Stockholder Approval:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         the mutual written agreement of MDLY and Sierra;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         either MDLY or Sierra, if any governmental entity whose consent or approval is a condition
                                         to the MDLY Merger Closing has denied the granting of any such consent or approval and
                                         such denial has become final and nonappealable, or any governmental entity of competent
                                         jurisdiction has issued a final and nonappealable order, injunction or decree permanently
                                         enjoining or otherwise prohibiting or making illegal the consummation of the transactions
                                         contemplated by the Amended MDLY Merger Agreement;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         either MDLY or Sierra, if the MDLY Merger will not have been consummated on or prior
                                         to the MDLY Merger Outside Date, unless the failure of the MDLY Merger Closing to occur
                                         by such date will be due to the failure of the party seeking to terminate the Amended
                                         MDLY Merger Agreement to perform or observe the covenants and agreements of such party
                                         set forth in the Amended MDLY Merger Agreement; provided that the terminating party is
                                         not then in material breach of any representation, warranty, covenant or other agreement
                                         contained herein, and such breach has caused or resulted in the failure of the MDLY Merger
                                         Closing to occur by or prior to the MDLY Merger Outside Date;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         either Sierra or MDLY, at any time prior to the MDLY Merger Effective Time, in the event
                                         that (i) MDLY or Sierra, as the case may be, has failed to obtain the MDLY Stockholder
                                         Approval or the Sierra Stockholder Approval, as applicable, at the MDLY Special Meeting
                                         or the Sierra Special Meeting, respectively, at which a vote is taken on the MDLY Merger,
                                         or (ii) the Amended MCC Merger Agreement has been terminated;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 33; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         either MDLY or Sierra (provided that the terminating party is not then in material breach
                                         of any representation, warranty, covenant or other agreement contained in the Amended
                                         MDLY Merger Agreement), if there has been a breach of any of the covenants or agreements
                                         or any of the representations or warranties set forth in the Amended MDLY Merger Agreement
                                         on the part of MDLY, in the case of a termination by Sierra, or Sierra, in the case of
                                         a termination by MDLY, which breach, either individually or in the aggregate, would result
                                         in, if occurring or continuing on the MDLY Merger Closing Date, the failure of certain
                                         closing conditions set forth in the Amended MDLY Merger Agreement, as the case may be,
                                         and which is not cured within 30 days following written notice to the party committing
                                         such breach or by its nature or timing cannot be cured within such time period;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         Sierra, (i) within 10 business days after the MDLY Board has effected a MDLY Adverse
                                         Recommendation Change prior to receipt of the MDLY Stockholder Approval, (ii) in the
                                         event the MDLY Board has approved or authorized MDLY or any of its subsidiaries to enter
                                         into a merger agreement, letter of intent, acquisition agreement, purchase agreement
                                         or other similar agreement with respect to a MDLY Merger Competing Proposal or (iii)
                                         MDLY fails to include the recommendation of the MDLY Board in the Amended Sierra Joint
                                         Proxy Statement/Prospectus;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         MDLY (at the direction of the MDLY Board or the MDLY Special Committee), in the event
                                         that (i) (A) MDLY has received a MDLY Merger Superior Proposal, (B) subject to MDLY&rsquo;s
                                         compliance with the Amended MDLY Merger Agreement as it relates to negotiating in good
                                         faith with Sierra regarding the potential amendment of the Amended MDLY Merger Agreement,
                                         the MDLY Board or any authorized committee thereof has authorized MDLY to enter into
                                         a definitive agreement to consummate the transaction contemplated by such MDLY Merger
                                         Superior Proposal, and (C) concurrently with the termination of the Amended MDLY Merger
                                         Agreement, MDLY pays Sierra the termination fee under the Amended MDLY Merger Agreement
                                         and enters into the definitive agreement to consummate the transaction contemplated by
                                         such MDLY Merger Superior Proposal; or (ii) the MDLY Board (whether at the direction
                                         of the MDLY Special Committee or otherwise) has effected a MDLY Adverse Recommendation
                                         Change in accordance with the applicable provisions of the Amended MDLY Merger Agreement;</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         MDLY, (i) within 10 business days after the Sierra Board has effected a Sierra MDLY Merger
                                         Adverse Recommendation Change prior to receipt of Sierra Stockholder Approval, (ii) in
                                         the event the Sierra Board has approved, or authorized Sierra or any of its subsidiaries
                                         to enter into, a merger agreement, letter of intent, acquisition agreement, purchase
                                         agreement or other similar agreement with respect to a MDLY Merger Competing Proposal
                                         or (iii) Sierra fails to include the recommendation of the Sierra Board in the Amended
                                         Sierra Joint Proxy Statement/Prospectus; and</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         Sierra (at the direction of the Sierra Board or the Sierra Special Committee), in the
                                         event that: (i) (A) Sierra has received a MDLY Merger Superior Proposal, (B) subject
                                         to Sierra&rsquo;s compliance with its obligations under the Amended MDLY Merger Agreement
                                         as it relates to negotiating in good faith with MDLY regarding the potential amendment
                                         of the Amended MDLY Merger Agreement, the Sierra Board or any authorized committee thereof
                                         has authorized Sierra to enter into a definitive agreement to consummate the transaction
                                         contemplated by such MDLY Merger Superior Proposal, and (C) concurrently with the termination
                                         of the Amended MDLY Merger Agreement, Sierra pays MDLY the termination fee under the
                                         Amended MDLY Merger Agreement and enters into the definitive agreement to consummate
                                         the transaction contemplated by such MDLY Merger Superior Proposal; or (ii) the Sierra
                                         Board or any authorized committee thereof has effected a Sierra MDLY Merger Adverse Recommendation
                                         Change in accordance with the applicable provisions of the Amended MDLY Merger Agreement.</FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 34; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_018"></A>4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Additional
Regulatory Approvals and Filings</U></FONT></TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_019"></A>a.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>HSR
                                         Act</U></FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
HSR Act provides that parties must not <FONT STYLE="background-color: white">consummate </FONT>certain mergers, acquisitions or
transfers of assets until they have <FONT STYLE="background-color: white">submitted an HSR notification to</FONT> the FTC and
the DOJ and provided an opportunity for those agencies to determine that the transaction will not <FONT STYLE="background-color: white">have
an adverse effect on competition actionable</FONT> under the antitrust laws. Each of Sierra, MCC, and MDLY have agreed to file
<FONT STYLE="background-color: white">an HSR notification </FONT>with the FTC and the DOJ, if applicable (and to the extent <FONT STYLE="background-color: white">the
prior approval and/or expiration of the applicable waiting period is no longer valid),</FONT> relating to the Amended MCC Merger
Agreement and the Amended MDLY Merger Agreement, as applicable, and the transactions contemplated thereby as required by the HSR
Act, and to take all other actions reasonably necessary to cause the expiration or termination of any applicable waiting period
under the HSR Act applicable to the MCC Merger and the MDLY Merger as soon as practicable. At any time before consummation of
the Mergers, the FTC or the DOJ could take such action under the antitrust laws as it deems necessary or desirable in the public
interest, including seeking to enjoin consummation of the Mergers <FONT STYLE="background-color: white">or the MDLY Merger, as
applicable</FONT>. Individual states or private parties also may bring actions under the antitrust laws in certain circumstances.
There can be no assurance that a challenge to the Mergers <FONT STYLE="background-color: white">or the MDLY Merger, as applicable,
</FONT>on antitrust grounds will not be made or, if a challenge is made, that it will not be successful.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_020"></A>5.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Overview
                                         of the Background of the Mergers</U></FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">The
description of the background of the Mergers set forth below covers two distinct periods of time. First, the discussion addresses
events that began in May 2017 and culminated with the execution of the MCC Merger Agreement and the MDLY Merger Agreement on August&nbsp;9,
2018 (&ldquo;Phase 1&rdquo;). The discussion addressing Phase 1 covers the process undertaken by each of the Sierra Special Committee,
the MCC Special Committee and the MDLY Special Committee and an analysis of the various factors that formed the basis of each
committee&rsquo;s decision to recommend the approval of the MCC Merger Agreement and the MDLY Merger Agreement to their respective
board of directors. Second, the discussion addresses events that took place beginning with the solicitation of proxies for the
approval of the MCC Merger Agreement and the MDLY Merger Agreement on December&nbsp;21, 2018, when the Sierra Joint Proxy Statement/Prospectus
was first mailed to the stockholders of Sierra, MCC, and MDLY, and then addressing the termination of such solicitation and the
events that ultimately lead to the execution of the Amended MCC Merger Agreement and the Amended MDLY Merger Agreement on July&nbsp;29,
2019 (&ldquo;Phase 2&rdquo;). The discussion addressing Phase 2 covers various alternative proposals submitted to MCC, MDLY and
Sierra, the Delaware Decision, the Settlement, and the process undertaken by each of the Sierra Special Committee, the MCC Special
Committee and the MDLY Special Committee and an analysis of the various factors that formed the basis of each committee&rsquo;s
decision to recommend the approval of the Amended MCC Merger Agreement, including the transactions contemplated thereby, and the
Amended MDLY Merger Agreement, including the transactions contemplated thereby, to their respective board of directors.</FONT> </P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-decoration: none"></FONT></P>

<!-- Field: Page; Sequence: 35; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a_021"></A>a.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Management&rsquo;s
                                         Conflicts of Interests and Role in the Mergers</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">i.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Phase
                                         1 Considerations</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Various
measures were implemented to address actual and potential conflicts of interests in light of the fact that each of the MCC Merger
Agreement and MDLY Merger Agreement were cross conditioned on the simultaneous closing of the other, resulting in a required agreement
among three affiliated, yet separate and distinct public entities, as well as the Medley LLC Unitholders (each of whom is a member
of Management). These actual or potential conflicts of interests included the fact that: Medley Advisors had fiduciary duties
to each of Sierra, MCC, MDLY and their respective stockholders; certain members of Management controlled Medley Advisors, were
executive officers of Sierra, MCC and MDLY, and controlled Medley Group LLC, which in turn controlled MDLY; certain members of
Management had individual interests in the Medley LLC Units and shares of MCC Common Stock giving them voting power over approximately
14% of the outstanding shares of MCC Common Stock held by Medley Seed Funding I LLC, contractual rights under the Tax Receivable
Agreement, and individual interests relating to the terms of their respective individual future employment with the Combined Company.
Specifically, Brook Taube and Seth Taube each held controlling voting interests in Medley Advisors, and, if the MCC Merger and
MDLY Merger had been consummated, would have served as the Chairman of the Combined Company Board and Chief Executive Officer
and Chief Investment Officer of the Combined Company in the case of Brook Taube, and the Vice Chairman, Senior Executive Vice
President and Senior Managing Director of the Combined Company in the case of Seth Taube. Other members of Management, who served
as executive officers and/or senior personnel of Medley Advisors, Sierra, MCC and MDLY, would also have served as executive officers
of the Combined Company if the MCC Merger and MDLY Merger had been consummated.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
order to mitigate these and other conflicts (as described herein), the boards of directors of each of Sierra, MCC and MDLY expanded
the authority of the previously formed special committees, each of which was comprised solely of independent and disinterested
directors, to, among other things, negotiate and evaluate the potential three-way combination of Sierra, MCC and MDLY. However,
as set forth in the section entitled &ldquo;&mdash; Phase 2 &mdash; Background of the Mergers &mdash; Phase 2 &mdash; Merger Related
Litigation&rdquo;, the Delaware Court of Chancery, in the MCC Stockholder Action, found that two of the directors on the MCC Special
Committee failed to act independently in negotiating the MCC Merger. (Those two directors no longer serve on the MCC Board or
the MCC Special Committee.) Each of the Sierra Special Committee, MCC Special Committee and MDLY Special Committee had the authority
to, among other things: (i) evaluate and review the terms and conditions of the Proposed Business Combination or any alternative
thereto; (ii) communicate and negotiate (or direct the communication or negotiation) with respect to the terms and conditions
of the Proposed Business Combination or any alternative thereto; (iii) determine whether the Proposed Business Combination or
any alternative thereto is advisable and is fair to, and in the best interests of the applicable company and its stockholders;
(iv) recommend to their respective board of directors the rejection or approval and effectuation of the Proposed Business Combination
or any alternative thereto; (v) consider, evaluate, review and monitor all proceedings and activities of the applicable company
related to the Proposed Business Combination or any alternative thereto; (vi) consider, evaluate and recommend to their respective
board of directors the approval and adoption of the forms, terms and provisions of any agreements relating to the Proposed Business
Combination or any alternative thereto; (vii) consider, evaluate, and recommend to their respective board of directors the authorization
of the execution and delivery of any such agreements relating to the Proposed Business Combination or any alternative thereto;
and (viii) hire any advisors that they deemed appropriate, including their own independent legal counsel and independent financial
advisor.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
broad authority enabled each of the respective boards to consult with and rely on the advice of experts who, like the independent
directors themselves, were determined to be independent of the other parties to the transaction and could provide advice and guidance
solely for the purpose of serving the best interests of the respective stockholders of each entity. In addition, each of the Sierra
Board, MCC Board and MDLY Board conditioned its ability to recommend the Proposed Business Combination, or any alternative thereto,
to their respective stockholders or otherwise approve or authorize such transaction, on the prior favorable recommendation of
such transaction by its special committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Throughout
the process of negotiating the terms of the MCC Merger and the MDLY Merger, Management generally served in the following capacities.
Management proposed an initial framework around which the Sierra Special Committee, MCC Special Committee and MDLY Special Committee
could begin discussions and facilitated negotiations among the parties. Management participated in meetings with each special
committee and its advisors. Each special committee held meetings at which both its advisors and Management were present and meetings
at which only the special committee&rsquo;s advisors were present. Members of Management represented their individual interests
as holders of the Medley LLC Units and shares of MCC in negotiating the resulting benefits they would have received from any consideration
paid to MCC and MDLY by Sierra if the MCC Merger and MDLY Merger had been consummated. Members of Management also represented
their individual interests in negotiating their employment contracts that would have been executed with the Combined Company if
the MCC Merger and MDLY Merger had been consummated. In this regard, Management negotiated their employment contracts and related
compensation from the Combined Company with the Sierra Special Committee, as Sierra would have been the surviving entity if the
MCC Merger and the MDLY Merger had been consummated. Management retained separate legal counsel to negotiate their employment
contracts with the Sierra Special Committee&rsquo;s independent legal counsel and the Sierra Special Committee retained an independent
compensation consultant to provide advice concerning executive compensation in connection with the transaction.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 36; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Phase
                                         2 Considerations</U></FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following
the Delaware Decision, the parties suspended their joint solicitation of proxies for the approval of the MCC Merger Agreement
and the MDLY Merger Agreement and began the process of re-evaluating the available alternatives, including but not limited to
renegotiation of the terms of each of the MCC Merger Agreement and the MDLY Merger Agreement. After detailed consideration of
available alternatives, the parties determined to explore the possible negotiation of amendments to the MCC Merger Agreement and
the MDLY Merger Agreement. Similar to the negotiation of the MCC Merger Agreement and the MDLY Merger Agreement, the negotiation
of the Amended MCC Merger Agreement and the Amended MDLY Merger Agreement among three affiliated, yet separate and distinct public
entities, as well as the Medley LLC Unitholders (each of whom is a member of Management) presented actual and potential conflicts
of interests. In order to further mitigate any such actual or potential conflicts of interests, the terms of the Amended MCC Merger
Agreement were negotiated by and among the Sierra Special Committee, and their independent advisors, on the one hand, and the
MCC Special Committee, and their independent advisors, on the other hand. In addition, the terms of the Amended MDLY Merger Agreement
were negotiated by and among the Sierra Special Committee, and their independent advisors, on the one hand, and the MDLY Special
Committee, and their independent advisors, on the other hand.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
respect to the Amended MCC Merger Agreement and the Amended MDLY Merger Agreement, Management&rsquo;s role was limited to (i)
initial discussions with the Sierra Special Committee regarding the aggregate merger consideration payable to MDLY Stockholders
in the Amended MDLY Merger, and (ii) negotiations with the MDLY Special Committee regarding the allocation of the merger consideration
in the Amended MDLY Merger as between the unaffiliated MDLY Stockholders and the Medley LLC Unitholders. In addition, with respect
to Management&rsquo;s employment agreements with Sierra as the surviving entity in the MDLY Merger, any revisions to such previously
negotiated agreements were negotiated by Management and the Sierra Special Committee.</FONT> </P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U><A NAME="b_001"></A>Phase
                                         1 &mdash; Background of the Mergers</U></FONT> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Since
Medley Advisors&rsquo; inception in 2006, Management operated Medley Advisors&rsquo; asset management business with a focus on
direct origination, careful structuring and active monitoring of loan portfolios. Medley Advisors&rsquo; investment vehicles have
generally focused on private middle market companies in the United States that have revenues between $50 million and $1 billion.
MCC completed its initial public offering in January 2011. MCC was the first publicly traded BDC to which Medley Advisors provided
asset management services. In April of 2012, Medley Advisors launched Sierra, its first public non-traded BDC.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
Advisors believed at the outset that to make Sierra, MCC, and the private funds and SMAs advised by Medley Advisors (the &ldquo;<B><I>Advisory
Clients</I></B>&rdquo;) more competitive in the middle-market lending space they should pool their resources in order to have
the benefits of scale and greater access to capital that borrowers demanded. In that regard, in November 2013 Medley Advisors
and the Advisory Clients obtained an order from the SEC that expanded Medley Advisors&rsquo; ability to engage in co-investment
transactions that would otherwise be prohibited by Section 57(a)(4) under the 1940 Act and Rule 17d-1 thereunder among the BDCs
and other funds managed by Medley Advisors. Since that time, competition for private debt investment opportunities in the lower
middle market has significantly intensified and Medley Advisors believes that the need for scale in the asset management business
has become even more important. As a result of the Proposed Business Combination or the MDLY Merger, as applicable, the assets
under management of the Combined Company will increase, which will offer the potential for scale for investment and financing
flexibility.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 37; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
May 2017, MDLY embarked on a process to consider a range of strategic transactions to help Medley Advisors achieve a level of
scale that it believed would make it more competitive in the asset management business. In that regard, with a larger asset management
platform, Medley Advisors expected that it would have stronger deal origination capabilities, operational efficiencies, greater
scale for investment and financing options, improved access to capital for their prospective borrowers, greater access to financial
sponsors, and substantial and higher quality deal flow. For all of the foregoing reasons, Medley Advisors believed that achieving
greater scale would also benefit each of Sierra and MCC and their respective stockholders. On May 25, 2017, at the invitation
of Management as representatives of MDLY, representatives of Goldman Sachs &amp; Co. LLC (&ldquo;<B><I>Goldman Sachs</I></B>&rdquo;)
met with Management to discuss possible strategic partnerships for MDLY based on public information. MDLY retained the services
of UBS and Credit Suisse for the purpose of conducting a limited outreach to potential parties that might have been interested
in proposing a strategic transaction with MDLY and Medley Advisors. As a result of the outreach, 19 parties expressed interest
in pursuing an acquisition of MDLY and Medley Advisors. Following some preliminary discussions, seven of the 19 parties executed
confidentiality agreements with MDLY and received certain information about MDLY&rsquo;s and Medley Advisors&rsquo; business.
In July 2017, two of the interested parties submitted non-binding bids to acquire MDLY and Medley Advisors. One of the interested
parties proposed an acquisition of MDLY and Medley Advisors for cash, at a purchase price of $8.74 per share; the other proposed
a combination in exchange for consideration of $50 million in cash and stock of the combined entity, at an aggregate purchase
price of $8.05 - $8.53 per share and, subsequently, a combination in exchange for consideration of $50 million in cash and stock
of the combined entity, at an aggregate purchase price of $8.50 - $9.00 per share. However, neither bid progressed beyond the
initial indication of interest. As set forth in the section titled &ldquo;&mdash; Phase 2 &mdash; Background of the Mergers &mdash;
Proposals to MDLY,&rdquo; on February 5, 2019, Sierra, MCC and MDLY made supplemental disclosures to the Sierra Joint Proxy Statement/Prospectus
related to the Mergers setting forth the terms of each non-binding indication of interest received by MDLY.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following
the conclusion of the process described above, in the fall of 2017, MDLY concluded that a strategic transaction would have been
more likely to succeed with a refined search focused on potential partners that shared certain qualities. In that regard, in October
2017, MDLY retained the services of Goldman Sachs and Broadhaven to reach out to a select group of potential partners that met
the following criteria: (1) asset management firms that could serve as consolidators and recognize meaningful value creation through
the addition of Medley Advisors and the Advisory Clients; (2) partners that could offer MDLY and Medley Advisors the potential
to combine businesses and/or create a new business line in the context of a strategic transaction; or (3) private equity firms
for which Medley Advisors would be an alternative asset management platform with the ability to add additional businesses and
products over time to broaden the platform and capitalize on strong alternative industry growth trends.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
upon the foregoing guidelines, at the direction of MDLY, representatives of Goldman Sachs and Broadhaven started the process by
inviting 38 potential strategic partners or buyers of Medley Advisors&rsquo; asset management business to participate in the preliminary
round of a two-round sale process. Of the 38 invitees, 24 of them executed confidentiality agreements and received information
on Medley Advisors and the Advisory Clients. Seven of these 24 were provided access to Management and engaged in discussions with
Management on Medley Advisors&rsquo; operations. Six of the potential buyers then participated in the second round of the sale
process, which included substantive meetings with Management and the undertaking of a thorough diligence review of Medley Advisors
and its Advisory Clients.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
order to protect the information of MDLY and its affiliates, and to ensure the integrity of the strategic review process, all
potential bidders entered into confidentiality agreements with MDLY in connection with its exploration of strategic alternatives,
under which potential bidders agreed, among other things, to keep the information they received confidential and to abide by customary
&ldquo;standstill&rdquo; provisions relating to MDLY, its subsidiaries, Sierra and MCC. Under those standstill provisions, potential
bidders agreed, except as requested or consented to by MDLY, not to take certain actions regarding strategic transactions or management
or control of MDLY, its subsidiaries, Sierra or MCC and, subject to an exception to permit confidential requests for waivers following
the public announcement of an acquisition transaction, not to request waivers of those standstill provisions, in each case during
the relevant standstill period. As of the date of this Application, the standstill provisions in all 31 confidentiality agreements
have expired. In addition, even when the standstill provisions remained in effect, all counterparties subject to such standstill
provisions were permitted to confidentially seek a waiver of the standstill provisions following MDLY&rsquo;s entry into the MDLY
Merger Agreement in order to privately submit a competing proposal with respect to MDLY, its subsidiaries, Sierra and/or MCC.
In that regard, MDLY received no such requests. As set forth in the section entitled &ldquo;&mdash; Phase 2 &mdash; Background
of the Mergers &mdash; Phase 2 &mdash; Merger Related Litigation&rdquo; the Delaware Court of Chancery, in the MCC Stockholder
Action, ordered MCC to make certain corrective disclosures about the knowledge of the MCC Special Committee of these standstill
agreements.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 38; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
the period from November 2017 through the first week of December 2017, representatives of Goldman Sachs and Broadhaven received
indications of interest from eight potential partners. Of the eight indications of interest, six were strategic buyers looking
to grow their existing asset management business and two were private equity funds. Following extensive discussions with each
of the eight potential partners, MDLY selected the three most viable indications of interest (the &ldquo;<B><I>Viable Expressions
of Interest</I></B>&rdquo;), and requested such interested parties to submit a mark-up of the draft merger agreement that was
provided by MDLY no later than January 5, 2018 and to submit a final bid by January 10, 2018.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
January 3, 2018, Goldman Sachs provided relationship disclosure to MDLY that indicated, among other things, that during the prior
two-year period the Investment Banking Division of Goldman Sachs did not perform any financial advisory and/or underwriting services
for the three interested parties, MDLY, MCC, Sierra, or any of their respective affiliates for which Goldman Sachs recognized
compensation.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with MDLY&rsquo;s proposal instructions, on January 10, 2018, one of the three interested parties (&ldquo;<B><I>Party
X</I></B>&rdquo;) submitted a non-binding bid letter (the &ldquo;<B><I>Initial Party X Proposal</I></B>&rdquo;) and comments on
the proposed merger agreement. However, the Initial Party X Proposal indicated Party X&rsquo;s preference for an asset purchase
transaction rather than a merger. Moreover, negotiations with Party X did not result in an actionable transaction, and a number
of issues remained unresolved when negotiations terminated. As a result, because each of Party X&rsquo;s proposals submitted were
non-binding, included various conditions and carve-outs, and involved different forms of consideration (some of which was contingent),
both Management and the MDLY Board believe it is impracticable and speculative to assign any actionable or tangible value to the
Party X proposals described below. The Initial Party X Proposal included a non-binding proposal expressing a preference to purchase
substantially all the assets of MDLY&rsquo;s business (rather than a merger) for an equity value per share (taking into account
cash and cash equivalents of MDLY that would not be purchased) representing a premium over the trading price of MDLY Class A Common
Stock as of the date of the Initial Party X Proposal. The Initial Party X Proposal contemplated a purchase price of $244 million
at $7.98 per share, and an enterprise value of $300 million, payable through a combination of $138.3 million in cash (an unspecified
portion of which would be borrowed), $60.7 million of assumed cash and cash equivalents from MDLY&rsquo;s balance sheet, and $50
million of seller financing on terms to be determined, in the form of a note to be issued to holders of Medley LLC Units. While
Party X indicated that the Initial Party X Proposal represented a per share price of $7.98 per share, the Initial Party X proposal
indicated that an unspecified portion of that amount was contingent and payable over time on terms that had not been proposed.
Specifically, the proposal indicated that an unspecified amount of the cash proceeds would be placed in escrow, and the amounts
in escrow, together with an unspecified amount under the note, would be subject to offset for indemnification. Based on the terms
of the Initial Party X Proposal, MDLY and its advisors began negotiating terms with Party X. From January 12, 2018 through January
24, 2018, MDLY and Party X engaged in further negotiations, which resulted in the exchange of numerous proposals and counter-proposals.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
upon these discussions, on January 26, 2018, Management held meetings with the MCC Board and the Sierra Board to provide them
with an update on the potential transaction with Party X. Each of the MCC Board and Sierra Board established the MCC Special Committee
and the Sierra Special Committee, respectively, and authorized the special committees to evaluate the merits of a potential sale
of substantially all of Medley Advisors&rsquo; assets to Party&nbsp;X, which, in turn, would have constituted the assignment of
Sierra&rsquo;s and MCC&rsquo;s respective advisory contracts with Medley Advisors. On February 7, 2018, the MDLY Board established
the MDLY Special Committee and authorized it to, among other things, evaluate the merits of the potential sale of MDLY to Party
X.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 39; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
February 9, 2018, Party X updated the Initial Party X Proposal (the &ldquo;<B><I>Second Party X Proposal</I></B>&rdquo;) to slightly
increase the proposed purchase price and to clarify other terms, including the identity of the purchaser (a newly formed shell
corporation), the assets and liabilities to be acquired (or not acquired) and other related matters. The Second Party X Proposal
contemplated a purchase price of $313 million, payable through a combination of $151.3 million in cash (a portion of which would
be borrowed), $45 million in a promissory note issued to MDLY, and the assumption of MDLY&rsquo;s existing senior secured indebtedness,
but excluded certain assets (estimated by Party X to equal approximately $47.7 million) from the transaction. Also on February
9, 2018, MDLY and Party X entered into an exclusivity agreement regarding the proposed transaction described above through March
15, 2018.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Negotiations
regarding the economic terms of the transaction and the related approval of a new investment advisor to Sierra as a result of
the contemplated assignment of Sierra&rsquo;s and MCC&rsquo;s respective advisory contracts with Medley Advisors continued over
the following weeks. From February 22, 2018 through March 5, 2018, counsel to the parties exchanged drafts of transaction documents
and negotiations continued. On March 15, 2018, Party X submitted a revised proposal (the &ldquo;<B><I>Third Party X Proposal</I></B>&rdquo;)
that would have reduced the purchase price significantly and made other material changes to the Second Party X Proposal. The Third
Party X Proposal contemplated a purchase price of $290 million, payable through a combination of $128.3 million in cash (a portion
of which would be borrowed), $45.3 million in the form of a promissory note issued to MDLY, and the assumption of MDLY&rsquo;s
existing senior secured indebtedness. Based on the changed economic terms, as well as the other terms of the Third Party X Proposal,
MDLY determined that the Third Party X Proposal was not in the best interests of MDLY or Medley Advisors. On that basis, MDLY
terminated discussions with Party X.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
April 2018, MDLY reengaged in discussions with two of the other bidders that had previously submitted indications of interest.
In each case, those discussions did not lead to a further proposal or other indication of interest to MDLY. Also in April 2018,
Party X reinitiated contact with MDLY and, on April 19, 2018, updated the Third Party X Proposal (the &ldquo;<B><I>Fourth Party
X Proposal</I></B>&rdquo;) and subsequently provided an updated draft of an asset purchase agreement that reflected the Fourth
Party X Proposal. The Fourth Party X Proposal contemplated a purchase price that would be payable through a combination of $151.3
million in cash (a portion of which would be borrowed) and $30 million in a promissory note issued to MDLY, plus the acquisition
of the net working capital of Medley LLC at $0.90 per $1.00 of net working capital. Although the Fourth Party X Proposal reflected
a slight increase in the cash portion of the purchase price to be paid and agreement on several other outstanding points, the
Fourth Party&nbsp;X Proposal also included a number of changes that materially changed the transaction, including a decrease in
the amount of the note to be delivered by Party X; a discount on the amount to be paid for the working capital delivered by MDLY
to Party X; a downward purchase price adjustment tied to failure to obtain consents of certain advisory clients; and a downward
purchase price adjustment tied to the performance of certain assets. In addition, the Fourth Party X Proposal reflected a shell
purchaser with no parent or affiliate guaranteeing the obligations of the buyer and a closing condition tied to Party X&rsquo;s
ability to obtaining the needed financing, with MDLY&rsquo;s sole recourse being the right to receive a reverse termination fee
from Party X in the event Party X could not obtain financing. Between April 23, 2018 and May 2, 2018, MDLY and Party X engaged
in negotiations regarding the Fourth Party X Proposal, exchanged drafts of transaction documentation, and participated in a series
of due diligence meetings. However, prior to reaching final agreement on transaction terms and holding meetings with the MCC Special
Committee and Sierra Special Committee to provide a transaction update and to introduce Party X to the MCC and Sierra independent
directors, Party X informed MDLY that it was withdrawing the Fourth Party X Proposal and that it did not intend to continue to
pursue a potential transaction. As set forth in the section titled &ldquo;&mdash; Phase 2 &mdash; Background of the Mergers &mdash;
Proposals to MDLY,&rdquo; on February 5, 2019, Sierra, MCC and MDLY made supplemental disclosures to the Sierra Joint Proxy Statement/Prospectus
related to the Mergers setting forth the terms of each non-binding indication of interest received by MDLY.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 40; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shortly
after MDLY and Party X terminated their discussions, a limited number of parties made inquiries to MDLY regarding a possible transaction.
Specifically, four parties entered into confidentiality agreements, but only one of the four followed up with a preliminary indication
of interest. In addition, two parties that did not sign confidentiality agreements made unsolicited inquiries to MDLY, and one
of the two submitted an unsolicited indication of interest. Management assessed each of the foregoing inquiries and advised the
MDLY Board that, based upon the rudimentary nature of the submissions that were actually presented to MDLY, the fact that any
financial terms included in such submissions did not provide compelling value to MDLY and its stockholders, and the fact that
the other inquiries did not materialize into further discussions, they did not believe that any of the parties had presented a
viable indication of interest that was worth pursuing. The MDLY Board agreed with Management&rsquo;s assessment.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Set
forth below is a summary of the process undertaken throughout out Phase 1 by each of the Sierra Special Committee, MCC Special
Committee and MDLY Special Committee, and an analysis of the various factors that formed the basis of each committee&rsquo;s decision
to recommend the approval of the Mergers to their respective board of directors. Any description of Management&rsquo;s actions
in each such section should be understood in the context of the foregoing depiction of Management&rsquo;s role throughout the
process of considering the Proposed Business Combination during Phase 1.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">i.</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Sierra
                                         &mdash; Process Undertaken During Phase 1</U></B></FONT> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
a special meeting on June 18, 2018, the Sierra Board considered the Proposed Business Combination, the rationale for the Proposed
Business Combination, and the initial terms of a potential framework around which the Proposed Business Combination could be effected.
Pursuant to the initial framework, MCC would merge with and into Sierra, and Sierra would acquire MDLY through a merger of MDLY
with and into a wholly owned subsidiary of Sierra. The proposed MCC Merger would take the form of a stock-for-stock merger in
which MCC Stockholders would receive Sierra Common Stock in exchange for their existing shares of MCC Common Stock using a proposed
exchange ratio of 0.76 shares of Sierra Common Stock for each share of MCC Common Stock. The proposed MDLY Merger would include
both cash and stock consideration in which MDLY Stockholders would receive $3.75 in cash consideration and 0.41 shares of Sierra
Common Stock for each share of MDLY Class A Common Stock. The proposed cash consideration in regard to the proposed MDLY Merger
was, among other things, intended to address the tax liability that would have been incurred by the holders of Medley LLC Units
as a result of the MDLY Merger Closing. It was noted that under the Tax Receivable Agreement the value of certain future tax benefits
was allocated 85% to the holders of Medley LLC Units and 15% to the non-management holders of MDLY Class A Common Stock (the &ldquo;<B><I>MDLY
Public Stockholders</I></B>&rdquo;) and that following the Proposed Business Combination the Combined Company would receive the
benefit that previously was allocated to the MDLY Public Stockholders. The Sierra Board also discussed with Management next steps
and a tentative timeline for evaluating and voting on the Proposed Business Combination.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 41; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following
the Sierra Board meeting on June 18, 2018, the Sierra Special Committee met with representatives of Broadhaven to discuss the
possibility of the Sierra Special Committee engaging Broadhaven to act as an independent financial advisor to the Sierra Special
Committee. The Sierra Special Committee reviewed materials that had been provided by Broadhaven in advance of the meeting. The
materials included (1) an overview of Broadhaven, (2) a description of the fiduciary process to be undertaken by the Sierra Special
Committee, (3) a description of the benefits and issues to consider with respect to various strategic alternatives, (4) a description
of selected prior transactions in which Broadhaven had served as an advisor, and (5) financial advisor fee precedents for comparable
types of transactions. Broadhaven, among other things, presented its qualifications, discussed the manner in which it would analyze
the framework for the Proposed Business Combination, and discussed work it and members of the proposed engagement team had performed
for MDLY in the past. Broadhaven representatives also discussed with the Sierra Special Committee that Broadhaven previously had
been engaged by MDLY on October 11, 2017 to advise MDLY in connection with a potential strategic transaction and that the engagement
had been terminated on June 15, 2018. The Broadhaven representatives noted that Broadhaven had received no fees from MDLY in connection
with that engagement and that Broadhaven had waived the &ldquo;tail&rdquo; provisions arising from that engagement.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June 22, 2018, the Sierra Special Committee held a telephonic meeting with representatives of Sullivan &amp; Worcester LLP (&ldquo;<B><I>S&amp;W</I></B>&rdquo;),
counsel retained by the Sierra Special Committee. During that meeting the Sierra Special Committee discussed whether to engage
Broadhaven as its independent financial advisor and, if selected, the terms of the engagement. The Sierra Special Committee also
discussed the possible composition of the Combined Company Board following the closing of the Proposed Business Combination. In
addition, the Sierra Special Committee discussed the formal continuation of the Sierra Special Committee and the compensation
to be paid to the Chair and members of the Sierra Special Committee. Finally, the Sierra Special Committee discussed next steps
in terms of engaging Broadhaven and formalizing the Sierra Special Committee&rsquo;s role in evaluating the Proposed Business
Combination.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
July 2, 2018, the Sierra Special Committee met in person with representatives of S&amp;W. In response to inquiries from the Sierra
Special Committee, the S&amp;W representatives reviewed with the Sierra Special Committee S&amp;W&rsquo;s evaluation of the prior
engagement of Broadhaven by MDLY. The S&amp;W representatives noted the following: (1)&nbsp;Broadhaven had terminated the prior
engagement with MDLY and had waived the &ldquo;tail&rdquo; provisions arising from that engagement, and (2) Broadhaven had received
no fees in connection with the prior engagement with MDLY. Following discussion with the S&amp;W representatives, the Sierra Special
Committee determined that Broadhaven&rsquo;s prior engagement by MDLY would not adversely affect Broadhaven&rsquo;s ability to
render independent advice to the Sierra Special Committee concerning the proposed Mergers and engaged Broadhaven to serve as the
Sierra Special Committee&rsquo;s independent financial advisor. At the meeting, the Sierra Special Committee also confirmed the
continued engagement of S&amp;W as independent legal counsel to the Sierra Special Committee in connection with the Proposed Business
Combination. Following the decision to retain Broadhaven, Representatives of Broadhaven joined the meeting. S&amp;W representatives
discussed the Sierra Special Committee members&rsquo; duties and responsibilities in evaluating the Proposed Business Combination,
while Broadhaven representatives presented a preliminary work plan and timeline and identified certain aspects of the Proposed
Business Combination that Broadhaven intended to closely examine.</FONT> </P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 42; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Immediately
following the meeting among the Sierra Special Committee and representatives of Broadhaven and S&amp;W, the Sierra Board held
an in-person meeting. During that meeting, and after discussion, the Sierra Board, among other things: (1) ratified the establishment
of the Sierra Special Committee and all actions taken by the Sierra Special Committee to date, (2) authorized the Sierra Special
Committee to evaluate and review the terms of the Proposed Business Combination, (3) authorized the Sierra Special Committee to
make a recommendation to the Sierra Board regarding the Proposed Business Combination, (4) authorized the Sierra Special Committee
to make a recommendation to the Sierra Board regarding any agreements relating to the Proposed Business Combination, (5) approved
the compensation of the Chair and members of the Special Committee and the reimbursement of any out-of-pocket expenses, and (6)
authorized the Sierra Special Committee to select and retain consultants and agents, including independent financial and legal
advisors, to assist the Sierra Special Committee in evaluating the Proposed Business Combination.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following
the meeting of the Sierra Board, the Sierra Special Committee reconvened. The members of the Sierra Special Committee were joined
by representatives of Broadhaven, Management, Eversheds Sutherland (US) LLP (&ldquo;<B><I>Eversheds Sutherland</I></B>&rdquo;),
which acted as regular outside counsel for Sierra, MCC and MDLY on common issues, and S&amp;W. Representatives of Eversheds Sutherland
discussed their communications to date with SEC staff concerning the Proposed Business Combination. Eversheds Sutherland explained
that the SEC would need to issue an exemptive order in connection with the Proposed Business Combination. In addition, Eversheds
Sutherland discussed the need for exemptive relief from the SEC to allow the Combined Company to own shares of a registered investment
adviser in excess of the limits set forth in rules adopted under the 1940 Act. Representatives of Eversheds Sutherland also discussed
certain tax consequences of the proposed MDLY Merger, including tax implications under the Tax Receivable Agreement.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee then discussed with Management a proposal to have Merger Sub enter into employment agreements with five
members of Management that would have become effective upon the closing of the Proposed Business Combination. Management said
it would provide the Sierra Special Committee with the proposed executive compensation packages for each of the five members of
Merger Sub&rsquo;s management with a form of employment agreement to follow.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Sierra Special Committee next discussed the Proposed Business Combination with Broadhaven, S&amp;W and Management, in its capacity
as a facilitator of discussions between the Sierra Special Committee, MCC Special Committee and MDLY Special Committee. Management
discussed, among other things: (1) MDLY&rsquo;s current advisory business and projected growth of that business in the coming
years, (2) MCC&rsquo;s non-accrual assets, and (3) the status of the SBIC Subsidiary. Management responded to questions from the
Sierra Special Committee, Broadhaven and S&amp;W.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 43; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following
their presentation, the representatives of Management and Eversheds Sutherland were excused from the meeting and the Sierra Special
Committee met with representatives of Broadhaven and S&amp;W. The Sierra Special Committee, Broadhaven and S&amp;W discussed,
among other things: (1) the timing and scope of the due diligence that would be conducted, (2) the legal and regulatory aspects
of the Proposed Business Combination, (3) the role of each of Broadhaven and S&amp;W and the work to be conducted by each of them,
(4) the role of the Sierra Special Committee in the analysis and in any negotiation of the Proposed Business Combination, and
(5) the timing and scope of future meetings of the Sierra Special Committee. Representatives of S&amp;W reported on the status
of their due diligence review of materials posted to the electronic data room.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 15, 2018, the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. During that
meeting representatives of Broadhaven reviewed in detail a report on their analysis of the Proposed Business Combination, which
had been provided to the Sierra Special Committee in advance of the meeting. Broadhaven representatives began by reporting that
they had substantially completed their financial due diligence, which included, among other things, evaluation of (1) the overall
structure of the Proposed Business Combination, (2) the financial outlook of each of Sierra, MCC and MDLY, (3) the legal, tax
and regulatory components of the Proposed Business Combination, and (4) Management&rsquo;s analysis of the potential benefits
of the Proposed Business Combination to Sierra Stockholders. Broadhaven representatives then discussed their preliminary report,
which included (1) a stand-alone valuation analysis for each of Sierra, MCC and MDLY, (2) a pro forma analysis of the Combined
Company, (3) potential modifications to the proposed structure of the Combined Company, and (4) a preliminary framework for future
negotiations with MDLY and MCC.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee reviewed with representatives of Broadhaven and S&amp;W the rationale for the Proposed Business Combination.
These included (1) providing liquidity to Sierra Stockholders, (2) the potential for realizing meaningful accretion to NII, NAV
and ROE, (3) the internalization of management, (4) greater diversification and scale benefits arising from consolidation of assets
under management, (5) potential cost savings, (6) potential benefits from growth in the institutional asset management business,
and (7) the alignment of the interests of Management and the Combined Company Stockholders.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee next reviewed with representatives of Broadhaven and S&amp;W the benefits and issues with a variety of
strategic alternatives, including (1) maintenance of the status quo, (2) listing Sierra Common Stock on a national securities
exchange, (3) entering into a transaction with an independent third party, (4) entering into the MDLY Merger only, and (5) entering
into the MCC Merger only. The Sierra Special Committee directed the representatives of Broadhaven and S&amp;W to continue their
work on the Proposed Business Combination as they evaluated these alternatives.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee discussed with representatives of Broadhaven the stand-alone valuations of each of Sierra and MCC. Broadhaven
representatives noted that Sierra and MCC were similar in important ways, including that there was an approximately 50% overlap
in their investment portfolios as of March 31, 2018. Broadhaven representatives also observed that while non-accrual assets represented
a larger percentage of MCC&rsquo;s investment portfolio, Sierra held some of the same non-accrual assets in its investment portfolio.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 44; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Broadhaven
representatives then provided to the Sierra Special Committee a summary of Sierra&rsquo;s and MCC&rsquo;s estimated financial
results through June 30, 2018 as well as forecasts for each of Sierra and MCC through the end of 2019, all of which had been prepared
by Management. Broadhaven representatives noted that the forecasts did not account for any prospective credit losses because,
according to Management, it was difficult to predict future credit losses. Broadhaven representatives indicated that MCC&rsquo;s
credit performance was at or near the bottom of publicly traded BDCs and that its GAAP ROE had been negative over certain periods.
Broadhaven representatives reviewed the market price of MCC Common Stock since MCC&rsquo;s initial public offering as well as
the market discount to NAV over that same period of time, noting that the market price had steadily declined and the market discount
had increased over time. Broadhaven representatives then discussed MCC&rsquo;s trading metrics compared to those of other publicly
traded BDCs, including both internally managed and externally managed BDCs.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
order to provide the Sierra Special Committee with comparative benchmarks, Broadhaven representatives next discussed the performance
of two non-listed BDCs that subsequently were listed on a national securities exchange. They explained that these two BDCs were
important precedents because their initial capital was raised in a similar fashion to Sierra&rsquo;s and they were each successful
in their public listings on a standalone basis. Broadhaven representatives also discussed the performance of certain BDCs and
how MCC compared to these other BDCs from a trading perspective. Broadhaven representatives noted that the average and median
of the purchase price relative to the NAV for the comparable BDCs was 75% and 80%, respectively.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
the request of the Sierra Special Committee, Broadhaven representatives reviewed the non-accrual assets held by each of Sierra
and MCC. Broadhaven representatives noted that as of the end of the second quarter of 2018, non-accrual assets accounted for approximately
4.1% of the fair market value of Sierra&rsquo;s investment portfolio and approximately 8.4% of the fair market value of MCC&rsquo;s
investment portfolio. Broadhaven representatives next discussed the overlap in Sierra&rsquo;s and MCC&rsquo;s investment portfolios.
Broadhaven representatives then reviewed their analysis of Sierra at various discounts to NAV. Broadhaven representatives noted
that, based on various metrics for publicly traded BDCs, including ROE, non-accrual assets as a percentage of investment portfolio,
dividend yield, price/book value, and price/earnings, they believed that Sierra Common Stock, if listed on a standalone basis,
would likely trade at a significant discount to NAV. Broadhaven representatives then discussed a potential exchange ratio of 0.76
that was an element of the initial framework, analyzing the Proposed Business Combination both assuming Sierra Common Stock were
to trade at its current NAV, and then at various discounts to NAV. Based on the estimated range of values for the Sierra Common
Stock, Broadhaven representatives calculated the resulting implied prices that would have been paid to MCC Common Stockholders
and compared such prices to the NAV of MCC and the current market price for MCC Common Stock. Broadhaven representatives discussed
the proposed exchange ratio in view of the anticipated contribution of Sierra and MCC to the Combined Company in terms of revenue,
NII and net earnings. Finally, Broadhaven representatives noted that the proposed exchange ratio between Sierra and MCC was within
a range that likely represented economic reality and that the relationship between Sierra and MCC as reflected by the proposed
exchange ratio was appropriate.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee next discussed the valuation of MDLY with the Broadhaven representatives. Broadhaven representatives
provided a summary of MDLY&rsquo;s estimated financial results through June 30, 2018 as well as forecasts for MDLY through the
end of 2019, both of which had been prepared by Management. Broadhaven representatives reviewed the market price of MDLY Class
A Common Stock since MDLY&rsquo;s initial public offering as well as the market price relative to earnings per share. Broadhaven
representatives then discussed MDLY&rsquo;s trading metrics compared to those of publicly traded traditional asset managers and
alternative asset managers. Broadhaven representatives then reviewed certain transactions involving BDC managers and how MDLY
compared to these other BDC managers.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 45; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Broadhaven
representatives next reviewed with the Sierra Special Committee the discounted cash flow analysis for MDLY Common Stock, which
was based upon forecasts prepared by Management. Broadhaven representatives indicated that a 12% to 14% discount rate appeared
to be reasonable and that using a discount rate in this range would result in an implied share price of $5.98 at the low end and
$14.13 at the high end.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Next,
the Sierra Special Committee discussed the proposed structure of the Combined Company with representatives of Broadhaven and S&amp;W.
Broadhaven representatives reviewed the benefits of having an asset management company as a portfolio company, including the benefits
to the capital structure of the Combined Company. Broadhaven representatives also discussed the impact of the Combined Company
maintaining a management agreement with its wholly owned investment advisor. Broadhaven representatives explained that the revenue
paid by the Combined Company to its wholly owned investment advisor would result in taxable income for the advisor, but the tax
shield created by the Tax Receivable Agreement could be utilized to offset a portion of the investment advisor&rsquo;s taxable
income. Broadhaven representatives then reviewed their estimate of the value of the Tax Receivable Agreement and various alternatives
for renegotiating the Tax Receivable Agreement, including modifying the allocation of tax benefits between Medley LLC Unitholders
and the Combined Company.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Broadhaven
representatives then reviewed with the Sierra Special Committee the terms of the Proposed Business Combination, noting that their
summary reflected the framework discussed at the June 18, 2018 Sierra Board meeting. Broadhaven representatives also reviewed
their analysis of the anticipated contribution of Sierra, MDLY and MCC to the Combined Company in terms of revenue, NII and net
earnings.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee next reviewed the expected benefits of the Proposed Business Combination with representatives of Broadhaven
and S&amp;W. These included (1) providing liquidity to Sierra Stockholders, (2) the potential for realizing meaningful accretion
to NII, NAV and ROE, (3) the internalization of management, (4) greater diversification and scale benefits arising from consolidation
of assets under management, (5) potential cost savings, (6) potential benefits from growth in the institutional asset management
business, and (7) the alignment of the interests of Management and the Combined Company Stockholders. The Sierra Special Committee
also discussed with representatives of Broadhaven and S&amp;W the actual or potential disadvantages of the Proposed Business Combination,
which included merging with two companies that had identifiable weaknesses. With respect to MCC, these weaknesses included a significant
level of non-accrual assets and the fact that its shares traded at a significant discount to NAV. With respect to MDLY, these
weaknesses included a reduction in fee-earning assets under management and in net income from the prior year. Finally, Broadhaven
representatives set out a number of negotiating topics for the Sierra Special Committee to consider. These topics included the
exchange ratio for each of MDLY Common Stock and MCC Common Stock, the treatment of the Tax Receivable Agreement, the mix of cash
and stock for MDLY Common Stock, and the composition of the Combined Company Board and its management.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taking
into account the expected benefits of the Proposed Business Combination, the Sierra Special Committee determined that pursuing
the Proposed Business Combination would be likely to provide greater benefits to Sierra Stockholders than the possible alternatives.
Specifically:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 36pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 36pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maintaining
                                         the status quo would mean that Sierra Stockholders would continue to have limited liquidity
                                         and suboptimal scale and would not provide for internalization of management or alignment
                                         of the interests of Management and the Combined Company Stockholders.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.25pt; text-align: justify; text-indent: -53.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 36pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 36pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Listing
                                         Sierra Common Stock on a stock exchange would provide increased liquidity for Sierra
                                         Stockholders, but the shares would likely trade at a significant discount to NAV, and
                                         Sierra would not realize the benefits of increased diversification and scale, internalization
                                         of management, ownership of an institutional asset management business, or alignment
                                         of the interests of Management and the Combined Company Stockholders.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.25pt; text-align: justify; text-indent: -53.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 36pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 36pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuing
                                         a merger with a third party or a sale of substantially all of Sierra&rsquo;s assets was
                                         unlikely to be successful because, notwithstanding that the strategic review process
                                         conducted by MDLY and its financial advisors during the period from May 2017 through
                                         the spring of 2018 only contemplated potential bids for strategic transactions with MDLY,
                                         it was reasonable to expect that, if any of the parties to the strategic review process
                                         had an interest in a merger or buying some or all of the assets of Sierra, they would
                                         have expressed it or sought a waiver from MDLY to pursue such a merger or purchase. None
                                         of the prospective bidders did so.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.25pt; text-align: justify; text-indent: -53.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 36pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 36pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
                                         combination with MDLY alone would provide the benefits of internalization of management
                                         and ownership of an institutional asset management business but would not provide greater
                                         diversification and scale.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.25pt; text-align: justify; text-indent: -53.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 36pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 36pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
                                         combination with MCC alone would provide improved liquidity and greater diversification
                                         and scale, but would not provide the benefits of internalization of management, ownership
                                         of an institutional asset management business, or alignment of the interests of Management
                                         and the Combined Company Stockholders.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee accordingly determined that it was in the best interests of Sierra and Sierra Stockholders to pursue
the Proposed Business Combination, subject to negotiation of terms that would be fair and reasonable to Sierra and Sierra Stockholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 46; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 18, 2018, the Sierra Special Committee held an in-person meeting with representatives of Broadhaven and S&amp;W. Broadhaven
representatives provided an update on the status of the MCC Special Committee and the MDLY Special Committee based on their conversations
with Management and representatives of Goldman Sachs. Broadhaven also discussed supplemental materials that had been provided
by Management prior to the meeting. The materials included an updated framework, dated July 12, 2018, that reflected estimated
June 30, 2018 financial results but generally held other assumptions constant with the framework discussed at the June 18, 2018
meeting of the Sierra Board. The July 12, 2018 framework reflected a proposed exchange ratio of 0.72 shares of Sierra Common Stock
for each share of MCC Common Stock and consideration to MDLY Stockholders of $3.75 in cash and 0.43 shares of Sierra Common Stock
for each share of MDLY Class A Common Stock. The Sierra Special Committee discussed with the representatives of S&amp;W and Broadhaven
the proposed executive compensation and expressed its desire to engage a consultant to advise the Sierra Special Committee on
the reasonableness of the proposed executive compensation. After discussion, and on the basis of a recommendation from the Broadhaven
representatives, the Sierra Special Committee determined to explore the possibility of engaging Johnson &amp; Associates to assist
the Sierra Special Committee in evaluating the reasonableness of the proposed executive compensation. The Sierra Special Committee
also discussed the composition of the Combined Company Board and asked the S&amp;W representatives to provide a variety of information
about the board composition of other BDCs.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
members of the Sierra Special Committee indicated that they were in favor of proceeding with the negotiation of the terms for
the Proposed Business Combination. There was then a discussion of the various alternatives concerning the Tax Receivable Agreement.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee also indicated that they wanted Management to provide more detailed information about the estimated cost
savings to be achieved as a result of the Proposed Business Combination. Broadhaven representatives recommended a negotiating
position that addressed, among other things, the price offered for MDLY, and the mix of stock and cash be paid to MDLY Stockholders
in each case as compared to that contemplated in the initial framework. In addition, Broadhaven representatives recommended that
the Tax Receivable Agreement be tied to actual tax savings and that the allocation of the benefits under the Tax Receivable Agreement
between Medley LLC Unitholders and the Combined Company be changed for the benefit of Sierra Stockholders.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
the Sierra Special Committee&rsquo;s request, a representative of Goldman Sachs and Mr. Brook Taube joined the meeting. The representative
of Goldman Sachs discussed with the Sierra Special Committee his conversations with representatives of the other special committees&rsquo;
financial advisors concerning feedback from the MDLY Special Committee and MCC Special Committee. The representative of Goldman
Sachs indicated that it was his understanding that the MCC Special Committee was focused on the following issues: (1) the exchange
ratio for the MCC Merger, (2) the MDLY Merger Consideration proposed to be paid to MDLY Stockholders, (3) the possibility of obtaining
cash consideration for MCC Stockholders as part of the MCC Merger, (4) the proposed executive compensation, and (5)&nbsp;the allocation
of the benefits of the Tax Receivable Agreement.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee instructed the representatives of Broadhaven to propose the following terms to the representatives of
Goldman Sachs and Brook Taube, and asked that they communicate them to the MCC Special Committee and MDLY Special Committee that:
(1) the nominal value of the consideration to be paid to MDLY Stockholders be in the range of $5 to $6 per share (valuing the
shares of Sierra Common Stock at their NAV as of March 31, 2018), (2) the cash component paid to MDLY Stockholders represent 50%
of the total consideration, and (3)&nbsp;the benefits of the Tax Receivable Agreement be split evenly between the Medley LLC Unitholders
and the Combined Company and its stockholders. The Broadhaven representatives also indicated that the Sierra Special Committee
believed the exchange ratio of 0.72, as proposed under the updated proposal, for the MCC Merger was within the appropriate range.
Mr. Taube informed the Sierra Special Committee and its advisors that the MDLY Special Committee wanted the total MDLY Merger
Consideration paid to MDLY Stockholders to be the equivalent of $7.75 per share (valuing the shares of Sierra Common Stock at
their NAV as of March 31, 2018). In order to bridge the difference in price and for other reasons, the Broadhaven representatives
suggested that MDLY could consider making a special dividend to MDLY Stockholders. The Goldman Sachs representative and Mr. Taube
said they would communicate the proposed terms to the MCC Special Committee and MDLY Special Committee and then they left the
meeting.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Next,
the Sierra Special Committee discussed the current terms of the Proposed Business Combination and compared them to the terms that
had been proposed by Party X before Party X withdrew its proposal to acquire MDLY. The Party X proposal, which was at a higher
valuation than that being offered by the Sierra Special Committee to MDLY shareholders, was being used in negotiations by the
MDLY Special Committee to achieve a higher price than Sierra had proposed. The Party X proposal was relevant because it reflected
the culmination of substantial diligence and negotiation with a credible, independent asset management company to acquire MDLY.
&nbsp;However, the value of the Party X proposal in comparison with the Proposed Business Combination was limited because the
proposal was ultimately withdrawn and was structured as an asset purchase with much of the consideration being held back for payment
over time. The Sierra Special Committee considered the potential benefits from internalization of management and the Tax Receivable
Agreement that were absent from the third-party offers considered in the past. The Sierra Special Committee noted that its current
proposal contemplated the benefits of the Tax Receivable Agreement being shared evenly between Medley LLC Unitholders and the
Combined Company and its stockholders.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 47; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 19, 2018, the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. During that
meeting, after consulting with the Broadhaven representatives, the Special Committee determined that, in response to the MDLY
Special Committee&rsquo;s proposal from the previous day, the Sierra Special Committee would propose a purchase price of $6.00
per share (valuing the shares of Sierra Stock at their NAV as of March 31, 2018) plus a $0.25 per share dividend to be paid by
MDLY to MDLY Stockholders immediately prior to the Mergers and allocating the benefits of the Tax Receivable Agreement 55%/45%
between Medley LLC Unitholders and the Combined Company. After further review and discussion, the Sierra Special Committee decided
to propose the top end of their range of $5.00 to $6.00 per share, plus a $0.25 dividend, in the context of negotiations and in
response to the MDLY Special Committee&rsquo;s assertion that $7.75 per share was the right purchase price. At the instruction
of the Sierra Special Committee, representatives of Broadhaven presented such terms to Brook Taube and asked that he communicate
the same to the MDLY Special Committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later
on July 19, 2018, the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. During that meeting,
the Sierra Special Committee discussed the Board composition of the Combined Company.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 22, 2018, the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The S&amp;W representatives
provided an update to the Sierra Special Committee on their understanding of the current status of the negotiations with the MCC
Special Committee and MDLY Special Committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 23, 2018, the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. During that
meeting, the Broadhaven representatives indicated that they were reviewing an updated framework that had been transmitted by Management
earlier in the day and would not be able to react to it before the next day. The July 23, 2018 framework reflected a proposed
exchange ratio of 0.82 shares of Sierra Common Stock for each share of MCC Common Stock and consideration to MDLY Stockholders
of $3.94 in cash, including a $0.50 special cash dividend, and 0.39 shares of Sierra Common Stock for each share of MDLY Class
A Common Stock. The Broadhaven representatives then provided an update to the Sierra Special Committee on their understanding
of the negotiations with the MCC Special Committee and MDLY Special Committee. The Sierra Special Committee then discussed the
composition of the Combined Company Board.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 24, 2018, the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. During that
meeting, the Broadhaven representatives indicated that they had conversations with representatives of Management. Representatives
of Goldman Sachs participated in these discussions at the direction of MDLY. Management indicated that the MCC Special Committee
and the MDLY Special Committee, as applicable, considered the following terms: (1) a nominal price of $6.75 per share for MDLY,
which includes a $0.50 per share dividend to be paid by MDLY to MDLY Stockholders immediately before the Mergers, (2) an exchange
ratio of 0.820 for the MCC Merger, and (3) allocating the benefits of the Tax Receivable Agreement evenly between the Medley LLC
Unitholders and the Combined Company and its stockholders. The Broadhaven representatives noted that Management believes the cost
savings from the Proposed Business Combination will be approximately $7 million annually and will document this savings, though
such savings were likely to be offset by the market levels of compensation being considered for Management. The Broadhaven representatives
also discussed Management&rsquo;s 2018 financial projections for MDLY. It was noted that, following the completion of the Mergers,
Management expects that the Combined Company will achieve certain cost savings and synergies when the investment portfolios of
Sierra and MCC are integrated and when the businesses and administrative operations of Sierra, MCC, and MDLY are integrated. Such
cost savings and synergies include the benefit of reduced expenses due to the elimination of duplicative expenses of approximately
$3.5 million consisting of professional fees associated with audit, tax, valuation and legal services, transfer agent fees, board
of director fees, director and officer insurance, administrator expenses, and other public company expenses.&nbsp; In addition
to the elimination of the identifiable duplicative expenses, Management believes that, once the Mergers are completed and the
Combined Company is fully integrated, operational synergies can develop over time across the broader organization, which is reasonably
likely to result in further cost savings. The Broadhaven representatives said that the MDLY Special Committee appeared to be focused
on the price previously offered by Party X. The Broadhaven representatives discussed with the Sierra Special Committee why the
price previously offered to MDLY by Party X no longer reflected, in their view, a fair price for MDLY. The Broadhaven representatives
noted that the MCC Special Committee should be willing to consider an exchange ratio of less than 0.820. The Sierra Special Committee
then discussed the Board composition of the Combined Company.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 48; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 25, 2018, the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. During that
meeting, the Broadhaven representatives discussed the prior withdrawn offer from Party X for MDLY. They also discussed the reasons
that deal was of limited value in evaluating the terms of the proposed MDLY Merger. The Sierra Special Committee determined to
propose a price of $6.25 per share for MDLY and an exchange ratio of 0.76 for each share of MCC Common Stock.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 26, 2018, the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The S&amp;W representatives
provided an update on their understanding of the status of the negotiations with the MCC Special Committee and the MDLY Special
Committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 27, 2018, the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. During that
meeting, the Broadhaven representatives provided an update on their understanding of the status of negotiations with the MCC Special
Committee and the MDLY Special Committee. The proposed framework now included (i) a price of $6.75 per share for MDLY, which includes
a $0.50 per share dividend to be paid by MDLY to MDLY Stockholders immediately prior to the Mergers, (ii) an exchange ratio of
0.8050 for the MCC Merger and (iii) the elimination of the Tax Receivable Agreement such that all tax benefits would accrue to
the Combined Company. The Broadhaven representatives then reviewed an updated analysis that they had prepared which reflected
the latest proposal from the MCC Special Committee and the MDLY Special Committee, which had been provided to the Sierra Special
Committee prior to the meeting. The materials included an analysis of the implied nominal MDLY share price of $6.75 per share.
The Broadhaven representatives also reviewed their analysis of the exchange ratio for MCC Common Stock, which showed the implied
MCC purchase price and the premium and discount to the market price of MCC Common Stock. They also noted that the elimination
of the Tax Receivable Agreement was a significant economic concession from MDLY. The Broadhaven representatives next reviewed
their analysis of the financial impact of the Proposed Business Combination to the Combined Company. The Broadhaven representatives
noted that assuming a nominal price of $6.75 per share to be paid to MDLY Stockholders and an exchange ratio of 0.8050 for the
MCC Merger, the Proposed Business Combination would result in 16% accretion in NII, 0.9% accretion in NAV and 0.94% increase in
operating ROE for the Sierra Stockholders. The Broadhaven representatives reviewed the options available to the Sierra Special
Committee, which included, among others, accepting the counterproposal from the MCC Special Committee and the MDLY Special Committee
or rejecting the counterproposal and renewing the Sierra Special Committee&rsquo;s previous counterproposal. The Broadhaven representatives
advised that, based on Management&rsquo;s feedback regarding the views of the MCC Special Committee and the MDLY Special Committee,
obtaining a lower exchange ratio for the MCC Merger was likely not possible but they believed that there was still some room to
negotiate with the MDLY Special Committee on the terms of a transaction with MDLY. The Broadhaven representatives advised the
Sierra Special Committee to examine the terms of the Proposed Business Combination in whole rather than considering each Merger
in isolation. The Broadhaven representatives confirmed that they were prepared to take the MCC Special Committee&rsquo;s and the
MDLY Special Committee&rsquo;s latest counterproposal to their fairness opinion committee. The Sierra Special Committee excused
the Broadhaven representatives from the call.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee discussed how to respond to the MDLY Special Committee&rsquo;s counterproposal. After discussion, the
Broadhaven representatives rejoined the call. The Sierra Special Committee communicated its current thinking on the MDLY Special
Committee&rsquo;s counterproposal.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mr.
Brook Taube joined the meeting. The Chair of the Sierra Special Committee provided an update to Mr. Taube on the status of the
Sierra Special Committee&rsquo;s deliberations. Mr. Taube discussed the rationale for the MDLY Special Committee&rsquo;s counterproposal,
noting that the increased allocation of the benefits of the Tax Receivable Agreement to the Combined Company provided an offset
to the financial impact of the higher exchange ratio for the MCC Merger that was being sought by the MCC Special Committee. Mr.
Taube also discussed the importance of the nominal price of $6.75 per share for the MDLY Special Committee. The Sierra Special
Committee then excused Mr. Taube from the meeting.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 49; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee continued to discuss the MDLY Special Committee&rsquo;s counterproposal with the representatives of Broadhaven
and S&amp;W. The Sierra Special Committee indicated that it would accept the 0.8050 exchange ratio for the MCC Merger proposed
by the MCC Special Committee but wanted a nominal price of $6.50 per share for MDLY. The Sierra Special Committee directed the
Broadhaven representatives to ask Management to communicate the Sierra Special Committee&rsquo;s position to the two other special
committees.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 29, 2018, Eversheds Sutherland uploaded to the electronic data room drafts of the MDLY Merger Agreement and MCC Merger Agreement
for the proposed Mergers. Representatives of S&amp;W reviewed the draft agreements on the behalf of the Sierra Special Committee.
On August 3, 2018, representatives of S&amp;W circulated their preliminary comments on the draft agreements to the Sierra Special
Committee. From August 3, 2018 through August 9, 2018, representatives of Eversheds Sutherland circulated multiple drafts of the
Merger Agreements among representatives of Kramer Levin Naftalis &amp; Frankel LLP, independent counsel to the MCC Special Committee
(&ldquo;<B><I>Kramer Levin</I></B>&rdquo;), Potter Anderson &amp; Corroon LLP, independent counsel to the MDLY Special Committee
(&ldquo;<B><I>Potter Anderson</I></B>&rdquo;), and S&amp;W.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 31, 2018, the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. During that meeting, the
participants discussed the upcoming Sierra Audit Committee and Sierra Board meetings. The S&amp;W representatives provided an
overview of the draft MCC Merger Agreement and the MDLY Merger Agreement. The S&amp;W representatives noted that in response to
a request from the Sierra Special Committee at its July 18, 2018 meeting updated information concerning the cost savings and synergies
from the Proposed Business Combination had been circulated the previous day to the Sierra Special Committee. Representatives of
Broadhaven joined the call and provided an update on their understanding of the state of the negotiations with the MCC Special
Committee and the MDLY Special Committee. The Broadhaven representatives said that the MCC Special Committee had agreed to the
exchange ratio of 0.8050 and that the MDLY Special Committee had counter proposed a nominal price of $6.65. After additional discussion,
the Sierra Special Committee determined to proceed with further negotiations with MCC and MDLY, using the foregoing terms as a
framework to negotiate the legal agreements among the parties. Broadhaven representatives said that they expected to share a draft
of their fairness opinion with the Sierra Special Committee by the end of the week.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 2, 2018, the Sierra Special Committee met in executive session prior to the Sierra Board meeting with a representative
of S&amp;W. In addition to discussing matters related to the upcoming meeting, the Sierra Special Committee discussed a variety
of matters concerning the Proposed Business Combination, including the composition of the Combined Company Board.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 2, 2018, the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. During
that meeting, Broadhaven representatives discussed the accounting treatment of Merger Sub. Broadhaven representatives said that
they did not analyze the impact consolidation would have on the debt currently held by MDLY, the magnitude of the benefits of
the Tax Receivable Agreement, or the financial projections for MDLY given that the transaction being considered did not contemplate
consolidation. Broadhaven representatives noted that their fairness opinion was conditioned on fair value rather than consolidation
accounting for MDLY. The discussion turned to next steps in regard to the accounting treatment of Merger Sub.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 50; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 5, 2018, the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The S&amp;W representatives
discussed the application of the SEC&rsquo;s &ldquo;going private&rdquo; rule to the MDLY Merger and the determination that the
Sierra Board would be required to make as a result. The Sierra Special Committee then discussed the reports of the compensation
consultant that it had received prior to the meeting. The Sierra Special Committee began by discussing the proposed executive
compensation to be paid to certain members of Sierra&rsquo;s management and the comparable compensation information for certain
comparable BDCs and alternative asset managers. The Sierra Special Committee noted certain additional information they planned
to request from Management, including the specific roles and responsibilities of the members of Management proposed to receive
executive compensation packages. The S&amp;W representatives also discussed with the Sierra Special Committee the draft form of
employment agreement that Management had provided. The Sierra Special Committee determined that combining the positions of the
Chief Executive Officer and chair of the Combined Company Board was appropriate at this time based on the following factors: (a)
its research revealed that the vast majority of other BDCs, including internally managed BDCs, also combine the positions of chief
executive officer and chairman of the board of directors, (b) Brook Taube&rsquo;s history with MCC, familiarity with its investment
platform, and extensive knowledge of the financial services industry, in addition to his current role as a director of Sierra,
qualify him to serve as the Chief Executive Officer and the Chairman of the Combined Company Board, (c) the Combined Company will
designate a lead independent director who will serve as a liaison between management and the Combined Company Board, and (d) the
Combined Company Board will have a super-majority of independent directors as only Brook Taube will be an interested director.
The Sierra Special Committee believes all of the foregoing factors would mitigate any potential conflicts that may arise when
an interested director serves as the chairman of a board of directors.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
representative from Broadhaven then joined the meeting. The Broadhaven representative noted that Broadhaven did not perform any
analysis to determine how consolidation of Merger Sub&rsquo;s financials with those of the Combined Company would affect the economics
of the Proposed Business Combination given that the transaction being considered did not contemplate consolidation. The Broadhaven
representative reported that Broadhaven had completed its due diligence of MCC and MDLY.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Also
on August 5, 2018, the Sierra Special Committee held a telephonic meeting with representatives of Management, Eversheds Sutherland,
Broadhaven and S&amp;W. At the invitation of the Sierra Special Committee and at the direction of MDLY, representatives of Goldman
Sachs were in attendance at this meeting. Representatives of Management and Eversheds Sutherland provided an update on the discussions
with SEC Staff concerning the accounting treatment for the Merger Sub and the exemptive relief that would have been necessary
for the Combined Company to operate as contemplated following the Proposed Business Combination.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W immediately following the telephonic
meeting with Management and Eversheds Sutherland. In addition to discussing the earlier call with Management and Eversheds Sutherland,
the Sierra Special Committee discussed next steps, including how best to comply with the various requirements of the SEC&rsquo;s
going private rule.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 6, 2018, the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. During
that meeting, the Sierra Special Committee discussed compensation-related matters to be raised with Mr. Brook Taube during a call
later that day. The Sierra Special Committee also discussed certain provisions in the draft form of employment agreement, including
the non-compete provision.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 7, 2018, the Sierra Special Committee held a telephonic meeting with representatives of Management, Winston &amp; Strawn,
counsel to Management, and S&amp;W. During that meeting, Mr. Brook Taube reviewed Management&rsquo;s objectives with the proposed
executive compensation packages and the draft form of employment agreement. He explained that the proposed compensation was designed
to be at or slightly below the industry median and that the employment agreement was intended to provide a market-based framework
for senior executives. There was then a discussion of the draft form of employment agreement that had been circulated by S&amp;W
earlier in the day with a goal of resolving specific business points. After discussion, the participants on the call agreed to
have Winston &amp; Strawn and S&amp;W prepare a revised draft form of employment agreement that reflected the substance of the
discussions during the call and circulate that revised draft to all of the participants of the meeting for their consideration.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 51; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 8, 2018, the Chair of the Sierra Special Committee held a telephone conference call with representatives of Broadhaven
and S&amp;W. The participants on the call discussed the termination fee that would have been appropriate with respect to each
of the MCC Merger and the MDLY Merger. Following a discussion with representatives of Broadhaven and S&amp;W, the Sierra Special
Committee agreed that a termination fee of $6,000,000 in regard to the MCC Merger would have been appropriate. In addition, the
Sierra Special Committee agreed that the termination fee of $5,350,000 that had been currently contemplated for the MDLY Merger
was appropriate, but that MDLY should also be asked to reimburse Sierra&rsquo;s expenses should the MDLY Merger not be consummated.
The Sierra Special Committee considered typical ranges for termination fees of 2% to 5% of the deal value and concluded that the
termination fee for the MCC Merger had been appropriate and that the sum of the termination fee and reimbursement of expenses
in the MDLY Merger had been similarly consistent with precedents. Later on August 8, 2018, the Sierra Special Committee then held
an in-person meeting with representatives of Broadhaven, Miles and Stockbridge P.C. (&ldquo;<B><I>M&amp;S</I></B>&rdquo;), counsel
to Sierra in connection with Maryland corporate law related matters, and S&amp;W. The S&amp;W representatives reported that they
had completed their due diligence of MCC and MDLY and had not identified any matters that they believed would prevent the Sierra
Special Committee from approving the Proposed Business Combination. A representative of M&amp;S reviewed the Sierra Special Committee&rsquo;s
duties and responsibilities as directors of a Maryland corporation in regard to their consideration of the Proposed Business Combination.
Representatives of S&amp;W provided an overview of the MCC Merger Agreement and the MDLY Merger Agreement, noting that the MCC
Merger Agreement and the MDLY Merger Agreement were still being negotiated among the parties. In reviewing the material terms
and conditions of the MCC Merger Agreement and the MDLY Merger Agreement, the representatives of S&amp;W noted that the receipt
of SEC exemptive relief to permit the Combined Company to operate as proposed, confirmation from the SEC Staff that the financial
statements of Merger Sub would not be consolidated with those of the Combined Company, and receipt of an opinion that the Mergers
would qualify as tax-free reorganizations had all been conditions to closing in each of the MCC Merger Agreement and the MDLY
Merger Agreement. The representatives of S&amp;W reviewed the termination provisions in the MCC Merger Agreement and the MDLY
Merger Agreement, which included termination fees and had required the Mergers to close by March 31, 2019.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee discussed responsibilities under the SEC&rsquo;s going private rule in connection with its consideration
of the MDLY Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Representatives
of M&amp;S and S&amp;W had discussed the possibility of amending the Sierra Charter and Sierra Bylaws prior to when the Mergers
would have closed. Representatives of S&amp;W explained that certain provisions of these organizational documents currently contemplated
that Sierra would not be listed on a national securities exchange and that Sierra would be externally managed.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Broadhaven
representatives reviewed their analysis of the Proposed Business Combination, copies of which were handed out at the meeting.
Broadhaven representatives noted that they had previously reviewed with the Sierra Special Committee much of the information and
analysis set forth in their report. Broadhaven representatives discussed (1) the structure of the Proposed Business Combination,
(2) the investment portfolios of each of Sierra and MCC, (3) the valuation of each of Sierra, MDLY and MCC, and (4) an analysis
of the impact of the Proposed Business Combination on Sierra. Broadhaven representatives highlighted certain features of the Proposed
Business Combination that would have redounded to the benefit of Sierra and the Sierra Stockholders, including the termination
of the Tax Receivable Agreement which would have allowed 100% of the benefits from the Tax Receivable Agreement to go to the Combined
Company and its stockholders. Broadhaven representatives had noted that the market price for the shares of the Combined Company
would likely be higher than the market price for the shares of Sierra Common Stock if it listed its shares on a standalone basis.
Broadhaven representatives had noted the benefit of converting from an externally-managed BDC to an internally-managed one. Broadhaven
representatives then reviewed their merger analysis. Broadhaven representatives had explained that the Proposed Business Combination
was expected to result in 15.6% accretion in NII, 0.94 basis points increase in ROE and 0.7% accretion in NAV for Sierra. Broadhaven
representatives discussed the rationale for paying a premium over the current market price of MDLY Class A Common Stock and MCC
Common Stock to have effected the Mergers. The rationale included the financial benefits described above, the fact that the premium
was consistent with premiums typically paid in a change of control transaction, and the reasonableness of the valuation multiples
implied by the purchase price, including the multiple of EBITDA. The Broadhaven representatives then discussed their draft fairness
opinion, noting that it was conditioned on Sierra receiving SEC exemptive relief to allow the Combined Company to operate as proposed
and confirmation from the SEC that consolidation of Merger Sub&rsquo;s financials with those of the Combined Company was not necessary.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 52; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later
on August 8, 2018, the Sierra Board held a special in-person meeting. Representatives of Management, Eversheds Sutherland, Broadhaven,
M&amp;S and S&amp;W also participated. The Chair of the Sierra Special Committee had reported to the Sierra Board the discussions
that had occurred during the earlier Sierra Special Committee meeting. The Chair of the Special Committee reported that: (1) M&amp;S
and S&amp;W representatives had reviewed the standard of conduct and responsibilities of the Sierra Special Committee; (2) S&amp;W
representatives had reviewed with the Sierra Special Committee the material terms and conditions of the MCC Merger Agreement and
the MDLY Merger Agreement for the MCC Merger and MDLY Merger, respectively, with a particular focus on terms and conditions that
had changed since the Sierra Special Committee had last seen drafts of the MCC Merger Agreement and the MDLY Merger Agreement
on August 3, 2018; (3) M&amp;S and S&amp;W representatives had reviewed potential considerations and the process under Rule 13e-3;
(4) S&amp;W representatives had reviewed the anticipated governance structure of the Combined Company and any necessary steps
to accomplish that structure before the closing of the Proposed Business Combination, which included potentially amending the
Sierra Charter and Sierra Bylaws; (5) Broadhaven representatives had reviewed their analysis of the Proposed Business Combination
and their draft fairness opinion concerning the Proposed Business Combination; (6) Broadhaven and S&amp;W representatives had
discussed the draft press release and investor presentation announcing the Proposed Business Combination; and (7) the parties
to the Proposed Business Combination had held a general discussion of next steps.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Also
on August 8, 2018, the Sierra Special Committee held an in-person meeting with representatives of Management, their counsel, Winston
&amp; Strawn (participating by telephone), and S&amp;W. The participants discussed the latest draft of the form of employment
agreement that had been circulated earlier in the day with a focus on the changes that had been made since the previous draft
had been circulated to the meeting participants. After discussion, the representatives of Management and Winston &amp; Strawn
left the meeting and the Sierra Special Committee held an executive session with S&amp;W.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
representatives of Management and Winston &amp; Strawn later rejoined the meeting and agreed to most of the provisions that the
Sierra Special Committee had requested. Management asked the Sierra Special Committee to consider certain provisions that Management
had wanted included in the final form of employment agreement. The Sierra Special Committee agreed to provide a response to Management
the following morning.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 9, 2018, the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The Sierra Special Committee
discussed the outstanding items regarding the form of employment agreement. After discussion, they agreed to communicate the Sierra
Special Committee&rsquo;s position to Management.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Also
on August 9, 2018, representatives of S&amp;W and the Sierra Special Committee discussed the management compensation assessment
prepared by the independent compensation consultant concerning the reasonableness of the Combined Company&rsquo;s contemplated
compensation for MDLY&rsquo;s executive officers to have become effective upon the closing of the Mergers. Representatives of
S&amp;W also discussed the management compensation assessment with representatives of Kramer Levin.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 53; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later
on August 9, 2018, the Sierra Special Committee held a call with representatives of Broadhaven, M&amp;S and S&amp;W. Broadhaven
representatives directed the Sierra Special Committee to their analysis and fairness opinion. Broadhaven representatives explained
that both documents were substantially similar to the versions presented to the Sierra Special Committee the previous day and
reviewed the changes that had been made since the previous day.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Representatives
of S&amp;W reviewed the MCC Merger Agreement and MDLY Merger Agreement with the Sierra Special Committee, highlighting any differences
from the versions presented the previous day. The meeting participants discussed one provision that had been related to the termination
of the Tax Receivable Agreement. After discussion, S&amp;W representatives indicated they would ask Management to communicate
to the MCC Special Committee and the MDLY Special Committee the contract language that had been requested by the Sierra Special
Committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">After
discussion the Sierra Special Committee determined to approve Sierra&rsquo;s participation in the Proposed Business Combination;
the terms of the MCC Merger Agreement and the transactions contemplated thereby, including the MCC Merger; and the terms of the
MDLY Merger Agreement and the transactions contemplated thereby, including the MDLY Merger; and recommend that the Sierra Board
approve the same. In approving the Proposed Business Combination, the Sierra Special Committee considered the potential benefits
and potential risks that might have resulted from the consummation of the Proposed Business Combination, recognizing that there
was no guarantee that the anticipated benefits would be realized.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Immediately
following the August 9, 2018 Sierra Special Committee meeting, the Sierra Board held a special telephonic meeting, with all members
of the Board present. Representatives of Management, Eversheds Sutherland, Broadhaven, M&amp;S and S&amp;W also participated in
the meeting. The Chair of the Sierra Special Committee reported to the Sierra Board that representatives of Broadhaven had presented
their final analysis of the Proposed Business Combination and their fairness opinion to the effect that as of that date and based
upon and subject to various assumptions, matters considered and limitations described in its opinion, the consideration to have
been provided for each share of MCC Common Stock and each share of MDLY Common Stock was fair to the holders of Sierra Common
Stock (other than Medley Advisors and its affiliates) from a financial point of view, and that representatives of S&amp;W had
reviewed the MCC Merger Agreement and MDLY Merger Agreement for the proposed Mergers. The Chair of the Special Committee reported
that based on the numerous meetings of the Sierra Special Committee and the advice of the representatives of Broadhaven, M&amp;S
and S&amp;W, the Special Committee had approved, and recommended that the Sierra Board approve, the Proposed Business Combination,
the MCC Merger Agreement, and the MDLY Merger Agreement. After discussion, and on the basis of the Sierra Special Committee&rsquo;s
recommendation, the Sierra Board unanimously approved Sierra&rsquo;s participation in the Proposed Business Combination; approved
the terms of the MCC Merger Agreement and the transactions that had been contemplated thereby, including the MCC Merger; approved
the MDLY Merger Agreement and the transactions that had been contemplated thereby, including the MDLY Merger; declare the MCC
Merger and the MDLY Merger advisable; and approved the submission of each of the MCC Merger Agreement and the transactions that
had been contemplated thereby and MDLY Merger Agreement and the transactions that had been contemplated thereby to the Sierra
Stockholders.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>MCC
                                         &mdash; Process Undertaken During Phase 1</U></FONT> </TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>During
the Jun</U>e 19, 2018 MCC Board meeting, the MCC Board expanded the scope of the MCC Special Committee to, among other things:
(i) evaluate and review the terms and conditions of the Proposed Business Combination or any alternative thereto; (ii) communicate
and negotiate (or direct the communication or negotiation) with respect to the terms and conditions of the Proposed Business Combination
or any alternative thereto; (iii) determine whether the Proposed Business Combination or any alternative thereto is advisable
and is fair to, and in the best interests of MCC and the MCC Stockholders; (iv) recommend to the MCC Board the rejection or approval
and effectuation of the Proposed Business Combination or any alternative thereto; (v) consider, evaluate, review and monitor all
proceedings and activities of MCC related to the Proposed Business Combination or any alternative thereto; (vi) consider, evaluate
and recommend to the MCC Board the approval and adoption of the forms, terms and provisions of any agreements relating to the
Proposed Business Combination or any alternative thereto; (vii) consider, evaluate, and recommend to the MCC Board the authorization
of the execution and delivery of any such agreements relating to the Proposed Business Combination or any alternative thereto;
and (viii) hire any advisors that it deems appropriate, including its own independent legal counsel and independent financial
advisor.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
the end of the June 19, 2018 MCC Board meeting, the MCC Special Committee held an in-person meeting, with representatives of Kramer
Levin, independent counsel to the MCC Special Committee, in attendance, during which the MCC Special Committee determined to retain
a financial advisor for the purpose of advising the MCC Special Committee. In addition, representatives of Kramer Levin reviewed
with the MCC Special Committee their fiduciary duties in connection with its evaluation and negotiation of the proposed MCC Merger
or any alternatives thereto. At the request of the MCC Special Committee, representatives of Kramer Levin also reviewed with the
MCC Special Committee potential conflicts and information relating to the equity ownership of members of Management in MCC, MDLY,
and Sierra. At the meeting, the MCC Special Committee also confirmed the continued engagement of Kramer Levin as independent legal
counsel to the MCC Special Committee in connection with the proposed MCC Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 54; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
MCC Special Committee then held telephonic meetings on June 22, 2018 and June 25, 2018, at which discussions were held with representatives
of two financial advisory firms, including Sandler O&rsquo;Neill. During the meetings on June 22, 2018 and June 25, 2018, the
MCC Special Committee evaluated each financial advisory firm&rsquo;s experience and qualifications, the preliminary perspectives
regarding the Mergers, and in particular, the MCC Merger, provided by each firm and the experience of each team in the BDC market
and in the mergers and acquisitions field in general. The MCC Special Committee also assessed whether any of the firms had conflicts
that would disable it from rendering independent advice to the Special Committee. Considering the factors described above, and
after follow up discussions with representatives of each financial advisor, the MCC Special Committee determined to authorize
the engagement of Sandler O&rsquo;Neill as financial advisor to assist the MCC Special Committee in its consideration of the proposed
transaction and any other alternatives. On June 29, 2018, the MCC Special Committee entered into a financial advisory engagement
letter with Sandler O&rsquo;Neill.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 11, 2018, the MCC Special Committee held an in-person meeting with representatives of Sandler O&rsquo;Neill and Kramer Levin
in attendance, at which the MCC Special Committee, with the assistance of Sandler O&rsquo;Neill and Kramer Levin, reviewed in
detail Management&rsquo;s initial framework. At the direction of the MCC Special Committee, representatives of Sandler O&rsquo;Neill
reviewed details of the Proposed Business Combination under which two contemporaneous transactions would have been cross-conditioned
upon each other; MCC would have merged with and into Sierra, and Sierra would have acquired MDLY through a merger of MDLY with
and into a wholly owned subsidiary of Sierra. The MCC Merger would have taken the form of a stock-for-stock merger in which MCC
Stockholders would have received Sierra Common Stock in exchange for their existing shares of MCC Common Stock, and the MDLY Merger
would have included both cash and stock consideration payable to the MDLY Stockholders. The proposed exchange ratio for the MCC
Merger had been 0.76 shares of Sierra Common Stock for each share of MCC Common Stock, and in the proposed MDLY Merger, Sierra
would have acquired MDLY for $3.75 in cash consideration and 0.41 shares of Sierra Common Stock for each share of MDLY Class A
Common Stock (the &ldquo;<B><I>Initial Proposal</I></B>&rdquo;). During this meeting, representatives of Sandler O&rsquo;Neill
reviewed background information regarding Sierra and MDLY and discussed the structure of the proposed transaction, the transaction
rationale and potential risks/challenges, corporate governance and post-transaction arrangements with management. The MCC Special
Committee discussed the challenges faced by MCC as a stand-alone public company, including its size, the recent portfolio credit
performance of MCC, significant declines in NAV and net income and concerns over credit, leverage constraints on growth and difficulty
in raising capital. The MCC Special Committee considered potential benefits of the Mergers to MCC, including increased scale and
portfolio diversification, a combined company with larger market capitalization and thus potentially enhanced liquidity and a
management structure more closely aligned with interests of the MCC Stockholders since the investment adviser to the Combined
Company would be wholly owned by the Combined Company. Representatives of Kramer Levin discussed the SEC exemptive relief that
would have been required in order to consummate the proposed transaction. Kramer Levin also reviewed and discussed with members
of the MCC Special Committee their responsibilities and duties in considering the proposed transaction and any alternatives to
the proposed transaction. The MCC Special Committee requested Kramer Levin to conduct due diligence to assist the MCC Special
Committee&rsquo;s evaluation of the proposed transaction.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 17, 2018, the MCC Special Committee met telephonically with the representatives of Sandler O&rsquo;Neill and Kramer Levin
to discuss a revision of the Initial Proposal conveyed by Mr. Taube and representatives of Goldman Sachs based on updated MCC
financial information (as of June 30, 2018) (&ldquo;<B><I>Updated Proposal</I></B>&rdquo;). The Updated Proposal had provided
for a stock-for-stock merger using an exchange ratio of 0.72 due to a decrease in MCC&rsquo;s NAV per share over the previous
quarter. Sandler O&rsquo;Neill discussed with the MCC Special Committee financial aspects of the Updated Proposal. The MCC Special
Committee preliminarily considered that the Updated Proposal (as well as the Initial Proposal) would have resulted in dilution
of NAV per share of MCC Common Stock (although it would yield expected accretion to NII per share) and that there had been no
cash consideration in the proposed transaction for MCC Stockholders. The MCC Special Committee also noted the expected cash needs
of the Combined Company.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 18, 2018, at the direction of the MCC Special Committee, representatives of Sandler O&rsquo;Neill and Kramer Levin met with
Brook Taube and relayed the MCC Special Committee&rsquo;s preliminary observations of the Updated Proposal to be communicated
to the MDLY Special Committee and the Sierra Special Committee. At the invitation of Mr. Taube, and on behalf of MDLY, representatives
of Goldman Sachs were in attendance at this meeting.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 20, 2018, the MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin, to
further discuss the MCC Special Committee&rsquo;s observations of the Updated Proposal. During this meeting, the MCC Special Committee
considered a potential response to the Updated Proposal, proposing that Sierra acquire MCC for stock and some cash so that the
aggregate value of the NAV of the Combined Company Common Stock received in the proposed transaction, plus cash received by MCC
Stockholders in the proposed transaction, would closely approximate MCC&rsquo;s NAV going into the proposed transaction (the &ldquo;<B><I>Counter-Proposal</I></B>&rdquo;).</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 55; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 23, 2018, the MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin, and
reviewed with Sandler O&rsquo;Neill financial aspects of the Counter-Proposal, including its financial effects on MCC and the
Combined Company. The MCC Special Committee requested that Sandler O&rsquo;Neill provide the written Counter-Proposal to representatives
of Goldman Sachs to be communicated to the MDLY Special Committee and the Sierra Special Committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 26, 2018, the MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin to
discuss the MDLY Special Committee&rsquo;s and the Sierra Special Committee&rsquo;s response to the Counter-Proposal (the &ldquo;<B><I>Sierra
Proposal</I></B>&rdquo;). The MCC Special Committee discussed the terms of the Sierra Proposal, which had included a stock-for-stock
merger with a fixed exchange ratio that had been slightly higher than that provided for in the Updated Proposal and a limit on
the maximum amount of payments under the Tax Receivable Agreement to Medley LLC Unitholders. The MCC Special Committee reviewed
with Sandler O&rsquo;Neill a comparison of the Counter-Proposal and the Sierra Proposal. The MCC Special Committee considered,
among other things, the potential financial impact of the Sierra Proposal on MCC and the MCC Stockholders and determined to reject
the Sierra Proposal, noting, in particular, the amount of NAV per share dilution that was expected to result therefrom. The MCC
Special Committee requested that Sandler O&rsquo;Neill provide a counter-proposal to the MDLY Special Committee and the Sierra
Special Committee proposing a stock-for-stock merger with Sierra with a higher exchange ratio (the &ldquo;<B><I>Second Counter-Proposal</I></B>&rdquo;).
The Second Counter-Proposal was provided by Sandler O&rsquo;Neill later that day.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 27, 2018, at the direction of MDLY, representatives of Goldman Sachs communicated to Sandler O&rsquo;Neill MDLY&rsquo;s and
Sierra&rsquo;s response to the Second Counter-Proposal (the &ldquo;<B><I>Response Proposal</I></B>&rdquo;). Later that day, the
MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin, to discuss the Response
Proposal. The MCC Special Committee discussed the terms of the Response Proposal, which had included a stock-for-stock merger
with a fixed exchange ratio of 0.8050 (the &ldquo;<B><I>Updated Exchange Ratio</I></B>&rdquo;) and the complete elimination of
the annual Tax Receivable Agreement. The MCC Special Committee reviewed with Sandler O&rsquo;Neill a comparison of the Second
Counter-Proposal and the Response Proposal and various alternative terms for the transactions. Sandler O&rsquo;Neill reviewed,
in detail, with the MCC Special Committee the potential financial benefit of eliminating the Tax Receivable Agreement to the Combined
Company (and thus the MCC Stockholders).</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 28, 2018, the MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin, to
further discuss the Response Proposal. The MCC Special Committee reviewed the potential financial impact of the Response Proposal,
noting that although there had remained some potential dilution of NAV per share of MCC Common Stock (approximately 8%), there
had been an expected significant accretion in NII per share, which could have helped support the market value at which the Combined
Company would have traded. The MCC Special Committee took into account that MCC Common Stock has traded at a discount to NAV of
30% or more. Based on information reviewed with the MCC Special Committee by Sandler O&rsquo;Neill regarding public companies
potentially comparable to the Combined Company (all but one of which public companies appeared to trade at less of a discount
to their NAV than MCC did at that time), and the analyses that Management provided, the MCC Special Committee noted that the market
had appeared to ascribe a far greater discount to MCC&rsquo;s NAV per share than what had been reflected in the exchange ratio
under the Response Proposal and that the Combined Company appeared unlikely to trade at a discount to its NAV per share to the
same extent as MCC. The MCC Special Committee then considered the significant challenges that had been currently facing MCC as
a small stand-alone BDC with an NAV and NII per share that have each been declining. After additional discussion, the Sierra Special
Committee determined to proceed with further negotiations with Sierra and MDLY, using the Response Proposal as a framework for
the legal agreements among the parties.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 56; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 29, 2018, representatives of Eversheds Sutherland provided representatives of Kramer Levin drafts of the MCC Merger Agreement
and the MDLY Merger Agreement.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 2, 2018, the MCC Special Committee held an in-person meeting with representatives of Sandler O&rsquo;Neill and Kramer Levin
in attendance telephonically to discuss the MCC Merger Agreement and the MDLY Merger Agreement. Representatives of Kramer Levin
summarized the material terms of the proposed MCC Merger Agreement and the MDLY Merger Agreement and reported on several provisions
that Kramer Levin viewed as requiring negotiation, including deal protections and termination rights. Also at this meeting, representatives
of Sandler O&rsquo;Neill updated the MCC Special Committee on the status of its analyses, its discussions with Management and
its review of additional cost saving synergies projected by Management to be realized by the Combined Company. Representatives
of Kramer Levin and Sandler O&rsquo;Neill also discussed regulatory and governmental approvals that would have been required in
order to complete the proposed transactions and the timing and processes that were required for such approvals.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Over
the next several days, representatives of each of Eversheds Sutherland, Potter Anderson, S&amp;W and Kramer Levin, together with
representatives of the MCC Special Committee, the Sierra Special Committee and the MDLY Special Committee, engaged in extensive
discussions and negotiations concerning, and exchanged numerous revised drafts of, the proposed MCC Merger Agreement and the MDLY
Merger Agreement. Such discussions and negotiations included the issues that the MCC Special Committee had identified previously
as necessitating additional consideration, including a discussion of the amount of the termination fee and various closing conditions.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 6, 2018, the MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin, and
representatives of Kramer Levin had summarized material terms of the proposed MCC Merger Agreement and MDLY Merger Agreement still
under negotiation and provided an update on the process for obtaining SEC exemptive relief and other approvals that would have
been required in order to complete the proposed transactions.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 8, 2018, the MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin, and
representatives of Sandler O&rsquo;Neill reviewed Sandler O&rsquo;Neill&rsquo;s preliminary financial analyses relating to the
Updated Exchange Ratio that would have been received by the holders of MCC Common Stock in connection with the proposed transaction
with Sierra. Representatives of Kramer Levin summarized the material terms of the updated proposed MCC Merger Agreement and the
MDLY Merger Agreement reflecting the most recent negotiations, and reported on the resolution of various issues during the course
of negotiations with Eversheds Sutherland, Potter Anderson and S&amp;W. Representatives of Kramer Levin also updated the MCC Special
Committee regarding outstanding issues that remained subject to further negotiations with Sierra and MDLY. Sandler O&rsquo;Neill
also updated the MCC Special Committee on the status of its financial analyses, which were substantially complete. The MCC Special
Committee further discussed what would have been the potential benefits of the Mergers to MCC and the MCC Stockholders and also
considered what would have been the various risks/challenges posed by the proposed transaction (as identified below under &ldquo;Reasons
for the Mergers &mdash; MCC&rsquo;s Reasons for the Transactions&rdquo;).</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 9, 2018, the MCC Special Committee met telephonically to consider the most recently updated MCC Merger Agreement (reflecting
the most recent negotiations), the proposed transactions contemplated therein, including the MCC Merger, and related matters.
Representatives of Kramer Levin reviewed with the MCC Special Committee the most recent updated MCC Merger Agreement and the MDLY
Merger Agreement. Representatives of Kramer Levin also discussed their due diligence review of MCC, Sierra and MDLY to date, reviewed
the processes undertaken by the MCC Special Committee in its consideration of the proposed transactions and potential alternatives,
and reviewed again the duties of the members of the MCC Special Committee in connection with such consideration. Representatives
of Kramer Levin then reviewed with the MCC Special Committee the management compensation assessment prepared by the Sierra Special
Committee&rsquo;s independent compensation consultant concerning the reasonableness of the Combined Company&rsquo;s contemplated
compensation arrangements for MDLY&rsquo;s executive officers and other employees to have become effective upon closing of the
Mergers. Sandler O&rsquo;Neill presented its updated financial analyses relating to the Updated Exchange Ratio. In addition, Sandler
O&rsquo;Neill rendered to the MCC Special Committee its opinion, initially rendered verbally and confirmed by delivery of a written
opinion to the MCC Special Committee, dated August 9, 2018, to the effect that as of that date and based upon and subject to various
assumptions, matters considered and limitations described in its opinion, the MCC Merger Consideration was fair to the holders
of the MCC Common Stock (other than Sierra, MDLY and their respective affiliates) from a financial point of view. Following a
further discussion, the MCC Special Committee determined that the proposed MCC Merger had been in the best interests of MCC Stockholders
and unanimously recommended that the MCC Board approve the MCC Merger Agreement and the transactions that had been contemplated
thereby, including the MCC Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later
on August 9, 2018, the MCC Board, including all members of the MCC Special Committee, met telephonically to consider and act on
the MCC Merger Agreement, the transactions that had been contemplated thereby, including the MCC Merger, and related matters.
The Chair of the MCC Special Committee reported on the MCC Special Committee&rsquo;s actions taken and recommendations made earlier
in the day. After further discussion, on the basis of the MCC Special Committee&rsquo;s recommendation, the MCC Board unanimously:
determined that the MCC Merger Agreement and the transactions that had been contemplated thereby, including the MCC Merger, were
fair to and in the best interests of MCC and the MCC Stockholders, declared advisable the MCC Merger Agreement and the transactions
that had been contemplated thereby, including the MCC Merger, directed that the MCC Merger Agreement and the MCC Merger be submitted
to the MCC Stockholders for approval and resolved to recommend that the MCC Stockholders vote to approve the MCC Merger Agreement
and the transactions that had been contemplated thereby, including the MCC Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 57; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>MDLY
                                         &mdash; Process Undertaken During Phase 1</U></FONT> </TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June 15, 2018, an agenda and related materials was provided to members of the MDLY Board for a meeting to be held on June 18,
2018, for the purpose of discussing a proposed strategic transaction involving MDLY, Sierra and MCC. On June 16, 2018, Mr. John
Fredericks contacted representatives of Potter Anderson, independent counsel to the MDLY Special Committee, to discuss the proposed
transaction, informed them that the contemplated transaction was conditioned on approval of the MDLY Special Committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
the June 18, 2018 meeting of the MDLY Board, Mr. Taube and at the direction of MDLY, representatives of Goldman Sachs, reviewed
in detail a preliminary framework relating to the Proposed Business Combination through two contemporaneous transactions that
would have been be cross-conditioned upon each other. The terms of the preliminary framework were intended to facilitate negotiations
among the respective special committees of the boards of directors of MDLY, Sierra and MCC. Pursuant to the Proposed Business
Combination, MCC would have merged with and into Sierra, and Sierra would have acquired MDLY through a merger of MDLY with and
into a wholly owned subsidiary of Sierra. The MCC Merger would have taken the form of a stock-for-stock merger in which MCC Stockholders
would have received Sierra Common Stock in exchange for their existing shares of MCC Common Stock, and the MDLY Merger would have
included both cash and stock consideration payable to the MDLY Stockholders.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
proposed exchange ratio for the MCC Merger discussed had been 0.76 shares of Sierra Common Stock for each share of MCC Common
Stock. In the proposed MDLY Merger, Sierra would have acquired MDLY for $3.75 in cash consideration and 0.41 shares of Sierra
Common Stock for each share of MDLY Class A Common Stock. Next, Management and representatives of Goldman Sachs provided an overview
of the potential benefits of the Mergers, including that the Mergers would have: (i) created the second largest internally managed
and seventh largest publicly traded BDC, (ii) resulted in a simplified organizational structure allowing for significant reductions
in fixed costs and expenses, and (iii) resulted in a significant increase in equity market liquidity for the stockholders of each
of Sierra, MCC and MDLY. Following that discussion, Eversheds Sutherland discussed the SEC exemptive relief that would have been
required in order to consummate the proposed Mergers. Management confirmed to the MDLY Special Committee that any proposal circulated
by or on behalf of Management or MDLY to either MCC or Sierra would not be considered final unless and until the MDLY Special
Committee approved such proposal.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
MDLY Board discussed the scope of the authority granted to the MDLY Special Committee. The MDLY Board granted the MDLY Special
Committee the authority to, among other things: (i) evaluate and review the terms and conditions of the Proposed Business Combination
or any alternative thereto; (ii) consider, evaluate, review, and communicate and negotiate (or direct the communication or negotiation)
with respect to the terms and conditions of the Proposed Business Combination or any alternative thereto; (iii) determine whether
the Proposed Business Combination or any alternative thereto is advisable and is fair to, and in the best interests of MDLY and
its stockholders; (iv) recommend to the MDLY Board the rejection or approval and effectuation of the Proposed Business Combination
or any alternative thereto; (v) consider, evaluate, review and monitor all proceedings and activities of MDLY related to the Proposed
Business Combination or any alternative thereto; (vi) consider, evaluate and recommend to the MDLY Board the approval and adoption
of the forms, terms and provisions of any agreements relating to the Proposed Business Combination or any alternative thereto;
(vii) consider, evaluate, and recommend to the MDLY Board the authorization of the execution and delivery of any such agreements
relating to the Proposed Business Combination or any alternative thereto; and (viii) hire any advisors that it deemed appropriate,
including its own independent legal counsel and independent financial advisor.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT> </P>

<!-- Field: Page; Sequence: 58; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June 20, 2018, the MDLY Special Committee held a telephonic meeting with representatives from Potter Anderson to discuss strategy,
timing, and process with respect to the proposed Mergers, including the engagement of a financial advisor to assist the MDLY Special
Committee in evaluating and negotiating the framework discussed during the June 18, 2018 meeting of the MDLY Board. At the meeting,
the MDLY Special Committee and representatives of Potter Anderson discussed the previous efforts of MDLY to date in seeking a
potential buyer for MDLY or its assets, including the abandoned transaction with Party X. The MDLY Special Committee and representatives
of Potter Anderson also discussed the expansion of the scope of the MDLY Special Committee&rsquo;s authority, as discussed during
the June 18, 2018 meeting. In addition, representatives of Potter Anderson reviewed with the MDLY Special Committee their fiduciary
duties in connection with its evaluation and negotiation of the proposed MDLY Merger or any alternatives thereto. At the request
of the MDLY Special Committee, representatives of Potter Anderson also reviewed with the MDLY Special Committee potential conflicts
and information relating to the equity ownership of members of Management in MDLY, Sierra, and MCC. The potential conflicts of
interests discussed included the fact that certain members of Management had individual interests in the Medley LLC Units and
shares of MCC Common Stock, voting power over approximately 14% of the outstanding shares of MCC Common Stock held by Medley Seed
Funding I LLC, contractual rights under the Tax Receivable Agreement, and that members of Management likely would have continued
their employment with the Combined Company. At the meeting, the MDLY Special Committee also confirmed the continued engagement
of Potter Anderson as independent legal counsel to the MDLY Special Committee in connection with the proposed MDLY Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later
on June 20, 2018, at the request of the MDLY Special Committee, Potter Anderson sent Eversheds Sutherland draft authorizing resolutions
of the MDLY Board, which were consistent with the discussions of the MDLY Board at its June 18, 2018 meeting, and which empowered
the MDLY Special Committee to, among other things, consider, evaluate, review, and negotiate the terms and conditions of the proposed
MDLY Merger or any alternative thereto, with the MDLY Board agreeing not to recommend or approve the proposed MDLY Merger or any
alternative thereto without a prior favorable recommendation from the MDLY Special Committee. The formal resolutions delegating
authority to the MDLY Special Committee were adopted by the MDLY Board on June 18, 2018.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June 21, 2018, representatives of Potter Anderson, on behalf of the MDLY Special Committee, held a teleconference with Mr. Fredericks
and representatives of Eversheds Sutherland to obtain additional information on behalf of the MDLY Special Committee following
its June 20, 2018 meeting with respect to the structure of the proposed MDLY Merger. On the call, representatives of Eversheds
Sutherland stated that the members of Management that hold shares of MDLY Class B Common Stock through their ownership of units
of Medley Group LLC (which shares collectively represent a super-majority of the aggregate voting power of the MDLY Common Stock),
had not been willing to condition the proposed MDLY Merger upon the approval of a majority of the unaffiliated MDLY Stockholders
due to the relatively small ownership interest (approximately 18.3%) and voting power (approximately 2.2%) that such holders have
in MDLY. On June 24, 2018, representatives of Potter Anderson, on behalf of the MDLY Special Committee, and representatives of
Eversheds Sutherland held a follow-up teleconference. On that call, representatives of Eversheds Sutherland (i) informed representatives
of Potter Anderson that MCC and Sierra had established the MCC Special Committee and the Sierra Special Committee, respectively,
to evaluate and negotiate the proposed Mergers, (ii) clarified portions of the framework regarding what had been the proposed
value and allocation of consideration to MDLY Stockholders in the proposed MDLY Merger, including, among other things, certain
contemplated tax obligations payable by the unitholders of Medley Group LLC, in response to questions put to them by Potter Anderson,
(iii) reviewed the terms of the advisory agreements between certain subsidiaries of MDLY and MCC and Sierra, respectively, and
(iv) discussed the potential impact of the proposed MDLY Merger under the Tax Receivable Agreement.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT>&nbsp;</P>

<!-- Field: Page; Sequence: 59; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June 25, 2018, the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson. During the meeting,
Potter Anderson provided the MDLY Special Committee with additional information with respect to the background and structure of
the proposed Mergers, as communicated by Mr. Fredericks and representatives of Eversheds Sutherland to representatives of Potter
Anderson on June 21, 2018 and June 24, 2018 in addition to what was reflected in the written materials delivered to the MDLY Special
Committee. The MDLY Special Committee and representatives of Potter Anderson also discussed Management&rsquo;s position (in its
capacity as MDLY&rsquo;s controlling stockholder) that the proposed MDLY Merger would not have been conditioned on approval of
a majority of the unaffiliated MDLY Stockholders due to the relatively small ownership interest (approximately 18.3%) and voting
power (approximately 2.2%) that such holders have in MDLY. The MDLY Special Committee also discussed retention of an independent
financial advisor and authorized Mr. Leeds to contact potential financial advisors.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June 29, 2018, the MDLY Board held a meeting for the purpose of receiving an update from Management on the proposed Mergers.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June 29, 2018, representatives of Potter Anderson held a teleconference with a potential financial advisor for the MDLY Special
Committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
each of June 29, 2018 and July 1, 2018, representatives of Potter Anderson and representatives of Eversheds Sutherland held a
teleconference to discuss certain regulatory approvals that may be required in connection with the proposed Mergers. On July 2,
2018, an updated framework with respect to the proposed Mergers was delivered by Management to the MDLY Special Committee and
Potter Anderson. The July 2, 2018 framework had provided that, consistent with the preliminary framework, as consideration
for their shares of MDLY Class A Common Stock, MDLY Stockholders would have received per share $3.75 cash consideration and 0.41
shares of Sierra Common Stock. The July 2, 2018 framework had also included information with respect to the proposed compensation
of certain key executives (Brook Taube, Seth Taube, Jeff Tonkel, Richard T. Allorto, Jr., and John D. Fredericks) at the pro forma
entity. With respect to the proposed MCC Merger, which had been structured as a stock-for-stock merger, MCC Stockholders would
have received Sierra Common Stock in exchange for their existing shares of MCC Common Stock using an exchange ratio of 0.76.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 3, 2018, Mr. Eaton and representatives of Potter Anderson held a teleconference to discuss the potential engagement of an
independent financial advisor for the purpose of advising the MDLY Special Committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 5, 2018, Mr. Eaton and representatives of Potter Anderson held a teleconference with Barclays to discuss its potential engagement
as the independent financial advisor to the MDLY Special Committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later
on July 5, 2018, the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson to discuss the MDLY
Board meeting held on June 29, 2018 and the July 2, 2018 framework. In addition, the MDLY Special Committee discussed the engagement
of an independent financial advisor. During the meeting, Potter Anderson reviewed with the MDLY Special Committee the proposed
engagement letter from the potential financial advisor with whom Mr. Leeds and Potter Anderson had spoken. Potter Anderson and
Mr. Eaton also provided an overview of their earlier teleconference with Barclays.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 60; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 6, 2018, the MDLY Board held a meeting for the purpose of receiving an update from Management on the proposed Mergers and
an update on a memorandum setting forth the terms of the SEC exemptive relief that would have been required for the proposed transaction
to be permitted under the 1940 Act. Mr. Taube, who attended the meeting, noted that both the MCC Special Committee and the Sierra
Special Committee had been actively considering the proposed Mergers. In addition, the MCC Special Committee and the Sierra Special
Committee had each retained the services of an independent financial advisor. Next, representatives of Eversheds Sutherland, who
attended the meeting, discussed the SEC exemptive relief that would have been required in order to consummate the proposed Mergers.
Representatives of Eversheds Sutherland discussed the active and ongoing dialogue with the SEC and informed the MDLY Special Committee
that a memorandum describing such relief was submitted to the SEC on July 5, 2018. Management noted that the MDLY Special Committee
would be kept apprised on any response from the SEC.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 10, 2018, the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson to further discuss
engagement of an independent financial advisor, including to review the proposals received from the two potential financial advisors.
The MDLY Special Committee evaluated their respective qualifications and levels of experience in evaluating BDCs and in mergers
and acquisitions generally and whether either potentially had conflicts that would compromise its ability to render independent
advice. The MDLY Special Committee determined at the meeting that it was inclined to hire Barclays as its independent financial
advisor. The MDLY Special Committee, with the assistance of representatives of Potter Anderson, also reviewed the prior efforts
of MDLY in seeking a potential buyer for MDLY or its assets and requested that Potter Anderson follow up with Eversheds Sutherland
and Management to obtain updated information regarding prior and ongoing discussions with third parties relating to potential
alternative transactions.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later
on July 10, 2018, the MDLY Special Committee, representatives of Potter Anderson, and representatives of Barclays held a telephonic
meeting. At this meeting, the MDLY Special Committee assessed whether Barclays had any conflicts that potentially would compromise
its ability to provide the MDLY Special Committee with independent advice and otherwise assessed Barclays&rsquo; experience and
qualifications. On the call, representatives of Barclays discussed, among other things, Barclays&rsquo; historic relationships
and experiences with MDLY, MCC and Sierra. After Barclays left the call, the MDLY Special Committee determined that Barclays was
independent for purposes of serving as the MDLY Special Committee&rsquo;s independent financial advisor. Considering the factors
described above, the MDLY Special Committee agreed to retain Barclays as the MDLY Special Committee&rsquo;s independent financial
advisor, subject to the execution of an engagement letter and obtaining further details on Barclays&rsquo; historic relationships
and experiences with MDLY, MCC and Sierra.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Also
on July 10, 2018, Management provided the members of the MDLY Special Committee with a preliminary summary of prior and ongoing
discussions between MDLY and third parties relating to potential alternative transactions.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 12, 2018, at the direction of MDLY, representatives of Goldman Sachs delivered an updated framework for the proposed Mergers
to the members of the MDLY Special Committee and Potter Anderson. The July 12, 2018 framework contemplated that, as consideration
for their shares of MDLY Class A Common Stock in the proposed MDLY Merger, MDLY Stockholders would have received, per share, $3.75
cash consideration and 0.43 shares of Sierra Common Stock. In addition, the proposed framework proposed a stock-for-stock merger
of Sierra and MCC in which the MCC Stockholders would have received Sierra Common Stock in exchange for their existing shares
of MCC Common Stock using an exchange ratio of 0.76.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 13, 2018, representatives of Potter Anderson and Barclays held a teleconference with Mr. Taube and representatives of Goldman
Sachs, during which Mr. Taube and, at the direction of MDLY, representatives of Goldman Sachs reviewed the July 12, 2018 framework
and answered questions posted to them in relation thereto.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 61; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 17, 2018, the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson and Barclays to discuss
the July 12, 2018 framework. Representatives of Potter Anderson summarized their July 13, 2018 call with Mr. Taube and representatives
of Goldman Sachs. The MDLY Special Committee also discussed the prior sales processes and bidder outreach conducted by MDLY and
requested that Potter Anderson and Barclays follow-up with Management, representatives of Goldman Sachs, and Eversheds Sutherland
to obtain additional information regarding such prior sales processes.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 18, 2018, the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson and Barclays to discuss
Barclays&rsquo; formal retention. As part of those discussions, Barclays reviewed with the MDLY Special Committee its historic
relationships and experiences with MDLY, Sierra and MCC, including as discussed below under &ldquo;Description of the Merger &mdash;
Opinions of Financial Advisor to the MDLY Special Committee&rdquo;. Barclays informed the MDLY Special Committee that on separate
occasions in 2017, Barclays&rsquo; deal team members advising the MDLY Special Committee provided financial advisory services
to two separate potential buyers of MDLY related to an acquisition of MDLY. Following a discussion of Barclays&rsquo; relationship
disclosure and potential conflicts, the MDLY Special Committee confirmed its belief that Barclays was independent for purposes
of representing the MDLY Special Committee in connection with the proposed MDLY Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later
on July 18, 2018, Mr. Taube informed the MDLY Special Committee by email that he would like to schedule a meeting of the MDLY
Board on July 20, 2018 to provide an update on the Sierra Special Committee and the MCC Special Committee processes in connection
with the proposed Mergers.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
the July 20, 2018 MDLY Board meeting, Mr. Taube provided the MDLY Board with an update on the proposed Mergers. Mr. Taube noted
that each of the other parties had substantially completed diligence with only a narrow list of open items that needed to be addressed
from a diligence standpoint.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
respect to the price per share that the MDLY Stockholders could have expected to receive for their shares, Mr. Taube noted that,
based on Management&rsquo;s discussions with the MCC Special Committee and the MDLY Special Committee, $7.00 per share of MDLY
Class A Common Stock would likely have been too high of a price point for MCC and Sierra, and that a price in the range of $5.00
to $6.00 per share would have been more likely agreeable to the MCC Special Committee and the Sierra Special Committee. Mr. Taube
stated that in his view, there was currently a clear path forward if the MDLY Special Committee was willing to proceed with a
deal that would have entailed a share price in the low $6.00 range. Mr. Taube stated that it appeared likely that Management would
need to forfeit a portion of its rights under the Tax Receivable Agreement. In that regard, Mr. Taube proposed that Management
would give up at least a portion of the Tax Receivable Agreement in order to get the highest price point possible for shares of
MDLY Class A Common Stock, though $7.00 would still not have been likely agreeable to the MCC Special Committee and the Sierra
Special Committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mr.
Taube then walked through the form of consideration that MDLY Stockholders could have expected to receive, explaining that MDLY
Stockholders would likely receive over $3.50 per share in cash, with the remaining consideration consisting of stock in the Combined
Company. This would have resulted in a premium to MDLY&rsquo;s current market value of approximately 70%.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 62; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Immediately
following the MDLY Board meeting, on July 20, 2018, the MDLY Special Committee held a telephonic meeting with representatives
of Potter Anderson and Barclays. After a discussion of the concerns raised by the Sierra Special Committee and the MCC Special
Committee, the MDLY Special Committee instructed Barclays to obtain further information regarding the Sierra Special Committee&rsquo;s
bases for Sierra&rsquo;s valuation of the MDLY Class&nbsp;A Common Stock. The MDLY Special Committee also discussed additional
transaction considerations including imposing certain parameters around post-closing compensation for members of management of
the Combined Company, potential additional procedural protections, and other options regarding the structure of the consideration
to be paid to the unaffiliated MDLY Stockholders, including broader election rights for the unaffiliated MDLY Stockholders with
respect to consideration. The MDLY Special Committee discussed possible sources of additional value for the unaffiliated MDLY
Stockholders and instructed Barclays to request that the Medley LLC Unitholders forfeit some or all of the benefits to which they
would have been entitled under the Tax Receivable Agreement in order to increase the amount of consideration available to the
unaffiliated MDLY Stockholders. The MDLY Special Committee, together with Potter Anderson and Barclays, also discussed the unsuccessful
efforts of MDLY to find a potential buyer for MDLY or its assets, based on information about such efforts provided by representatives
of Goldman Sachs, and to what extent prior discussions with third parties with respect to MDLY&rsquo;s value and the lack of viable
proposals to acquire MDLY had impacted what had been the value of the consideration offered in connection with the proposed MDLY
Merger. Following the July 20, 2018 meeting of the MDLY Special Committee, Barclays communicated to representatives of Goldman
Sachs the MDLY Special Committee&rsquo;s request for additional consideration for the unaffiliated MDLY Stockholders and related
questions regarding other potential sources of value.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later
on July 20, 2018, Management delivered an updated framework for the proposed Mergers, which had provided for a cash payment to
holders of MDLY Class A Common Stock of $3.69 per share, inclusive of a $0.25 pre-closing special cash dividend, and 0.34 shares
of Sierra Common Stock per share of MDLY Class A Common Stock. In addition, the updated framework had proposed a stock-for-stock
merger of Sierra and MCC using an exchange ratio of 0.72, which had been reduced from the prior proposed exchange ratio of 0.76
due to a decrease in MCC&rsquo;s NAV per share over the previous quarter. As part of the framework, the Medley LLC Unitholders
had agreed to reduce the payments that they would have received under the Tax Receivable Agreement, through a reduction in the
percentage of the aggregate value of certain tax benefits to which they would have been entitled from 85% to 65%.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 22, 2018, the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson and Barclays to discuss
the July 20, 2018 framework. The MDLY Special Committee instructed Potter Anderson and Barclays to request that (i) the Medley
LLC Unitholders forfeit a greater share or all of the benefits to which they had been entitled under the Tax Receivable Agreement
and (ii) all or a greater portion of the aggregate cash payable in the form of the pre-closing special cash dividend to have been
paid only to the unaffiliated MDLY Stockholders. The MDLY Special Committee, together with Potter Anderson and Barclays, also
discussed the prior MDLY sales process, based on information about such process provided by representatives of Goldman Sachs,
and how the consideration proposed in the July 20, 2018 framework compared to the prior indications of interest and other transactions
unsuccessfully pursued by MDLY.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Between
July 23, 2018 and July 25, 2018, Management, the Sierra Special Committee and the MCC Special Committee conveyed their respective
positions on particular issues to representatives of Eversheds Sutherland and Goldman Sachs, including that (i) Management was
not amenable to forfeiting additional payments to which they were entitled under the Tax Receivable Agreement, (ii) Management
would not be amenable to conditioning the Proposed Business Combination on the approval of a majority of the unaffiliated MDLY
Stockholders due to the relatively small ownership interest (approximately 18.3%) and voting power (approximately 2.2%) that such
holders have in MDLY, (iii) any increase in the cash consideration payable to the unaffiliated MDLY Stockholders or paying a special
cash dividend only to the unaffiliated MDLY Stockholders would not be acceptable to Management, and (iv) Management would decline
the MDLY Special Committee&rsquo;s request that the unaffiliated MDLY Stockholders be given election rights with respect to the
consideration payable in connection with the Proposed Business Combination. Management, the Sierra Special Committee, and the
MCC Special Committee directed representatives of Eversheds Sutherland and Goldman Sachs to convey such positions to Barclays
and Potter Anderson. During this time, Barclays continued its due diligence and discussions with representatives of Goldman Sachs
regarding the MDLY Special Committee&rsquo;s request for additional value to the unaffiliated MDLY Stockholders. During those
discussions and at the direction of MDLY, representatives of Goldman Sachs informed Barclays of the respective positions of Management,
the Sierra Special Committee and the MCC Special Committee, as described above.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 63; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 25, 2018, at the direction of MDLY, representatives of Goldman Sachs, communicated to representatives of Barclays an updated
framework for the proposed Mergers, which had included an increase in the proposed exchange ratio of 0.34 shares of Sierra Common
Stock to 0.38 shares of Sierra Common Stock per share of MDLY Class A Common Stock, but did not otherwise change the cash consideration
per share (or proposed special cash dividend) that would have been payable to the MDLY Stockholders. In addition, the updated
framework had proposed a stock-for-stock merger of Sierra and MCC using an exchange ratio of 0.76. At the direction of MDLY, representatives
of Goldman Sachs also communicated to Barclays that the Medley LLC Unitholders had agreed to further reduce the percentage of
the aggregate value of certain tax benefits to which they would have been entitled under the Tax Receivable Agreement from 65%
to 40%. Finally, at the direction of MDLY, representatives of Goldman Sachs delivered a written framework reflecting such terms
to the MDLY Special Committee and Potter Anderson on July 26, 2018.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 25, 2018, at the direction of MDLY, representatives of Eversheds Sutherland and Goldman Sachs conveyed to representatives
of Potter Anderson and Barclays, respectively, that, (i) the Medley LLC Unitholders remained reluctant to forfeit additional rights
under the Tax Receivable Agreement, (ii) the Medley LLC Unitholders (in their capacity as MDLY&rsquo;s controlling stockholders)
would not be amenable to conditioning the proposed transactions on approval of a majority of the unaffiliated MDLY Stockholders,
(iii) increases in cash consideration or the payment of a special cash dividend only to the unaffiliated MDLY Stockholders were
unacceptable to MDLY&rsquo;s controlling stockholders, the Medley LLC Unitholders, and (iv) MDLY&rsquo;s controlling stockholders
declined the MDLY Special Committee&rsquo;s request that the unaffiliated MDLY Stockholders be given election rights with respect
to the consideration payable in connection with the proposed MDLY Merger. Representatives of Potter Anderson and Barclays conveyed
these points to the MDLY Special Committee during a telephonic meeting with the MDLY Special Committee on July 25, 2018. The MDLY
Special Committee instructed representatives of Potter Anderson and Barclays to continue to request that the Medley LLC Unitholders
forfeit a greater share of all of the payments to which they would have been entitled under the Tax Receivable Agreement in order
to increase the amount of consideration that would have been available to the unaffiliated MDLY Stockholders. The MDLY Special
Committee, together with Potter Anderson and Barclays, continued to consider the sales process of MDLY to date and how the proposed
MDLY Merger related to prior indications of interest and other transactions unsuccessfully pursued by MDLY based on information
about such indications of interest and other transactions provided by representatives of Goldman Sachs. Representatives of Potter
Anderson discussed with the MDLY Special Committee an updated process summary, which had been delivered by representatives of
Goldman Sachs on July 23, 2018, detailing, among other things, the prior sales processes and bidder outreach conducted by MDLY
and the reasons for the termination of discussions with Party X.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 26, 2018, at the request of Management, representatives of Goldman Sachs relayed the updated framework for the proposed Mergers
to the MDLY Special Committee and Potter Anderson, which had contemplated a cash payment to holders of MDLY Class A Common Stock
of $3.69 per share, inclusive of a $0.25 pre-closing special cash dividend, and 0.38 shares of Sierra Common Stock per share of
MDLY Class A Common Stock. In addition, the updated framework had maintained the previously proposed stock-for-stock merger of
Sierra and MCC using an exchange ratio of 0.76. On July 26, 2018, the MDLY Special Committee held a telephonic meeting with representatives
of Potter Anderson and Barclays. The MDLY Special Committee directed Potter Anderson and Barclays to continue to explore additional
sources of value for the unaffiliated MDLY Stockholders, including a possible forfeiture by the Medley LLC Unitholders of all
of the payments that they would have been otherwise entitled to receive under the Tax Receivable Agreement. Representatives of
Barclays reviewed with the MDLY Special Committee conversations between representatives of Barclays and Goldman Sachs relating
to the prior sales processes of MDLY, and the MDLY Special Committee instructed Barclays to follow up with representatives of
Goldman Sachs relating to the reasons for termination of discussions with Party X. The MDLY Special Committee also reviewed with
Potter Anderson and Barclays Management&rsquo;s projections and their underlying support, as well as key transaction structure
considerations, including possible procedural protections and post-closing compensation for Management. In addition, the MDLY
Special Committee, with the assistance of Potter Anderson, reviewed the Sierra Investment Advisory Agreement and MCC Investment
Management Agreement, including the terms under which such agreements are renewed annually and the terms and conditions under
which such agreements may be terminated.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 64; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 27, 2018, at the request of Management, representatives of Goldman Sachs relayed the updated framework for the proposed Mergers
to the MDLY Special Committee and Potter Anderson, which had proposed a cash payment to holders of MDLY Class A Common Stock of
$3.94 per share, inclusive of a $0.50 pre-closing special cash dividend, and 0.38 shares of Sierra Common Stock per share of MDLY
Class A Common Stock. In addition, the updated framework had proposed a stock-for-stock merger of Sierra and MCC using an exchange
ratio of 0.8050, increased from the prior exchange ratio of 0.76. In connection with the updated framework, the Medley LLC Unitholders
had agreed to forfeit the entirety of the payments that would have otherwise been payable to them under the Tax Receivable Agreement.
At the direction of MDLY, representatives of Goldman Sachs delivered a written framework reflecting such terms to the MDLY Special
Committee and Potter Anderson on July 27, 2018. On July 27, 2018, representatives of Potter Anderson and Barclays held a teleconference
with Mr. Leeds to discuss the July 27, 2018 framework in anticipation of a meeting of the MDLY Board later that day.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
the July 27, 2018 MDLY Board meeting, Mr. Taube summarized the current state of negotiations and provided an overview of the July
27, 2018 framework. At the invitation of MDLY, representatives of Goldman Sachs attended this meeting. Specifically, Mr. Taube
discussed the price per share that MDLY Stockholders would have received in connection with the proposed MDLY Merger. After multiple
iterations, the Sierra Special Committee and Management had agreed to consider a price of $6.75 per share of MDLY Class A Common
Stock (inclusive of the total cash consideration and stock consideration), which had included a $0.50 pre-closing special cash
dividend. In summary, Mr. Taube noted that MDLY Stockholders could expect to receive merger consideration in the form of approximately
55% in cash and 45% in Sierra Common Stock. In addition, Mr. Taube noted that under the July 27, 2018 framework, the Medley LLC
Unitholders would agree to waive their rights under the Tax Receivable Agreement, which would allow the Combined Company to receive
all of the benefits therefrom. Mr. Taube highlighted the fact that all members of Management had agreed to forfeit their rights
under the Tax Receivable Agreement in order to help the negotiations between the parties and provide increased value to the unaffiliated
MDLY Stockholders. Mr. Taube committed to reporting to the MDLY Special Committee on the progress of the negotiations as soon
as more information became available.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Next,
Mr. Taube provided an update on the negotiations between the Sierra Special Committee and the MCC Special Committee. He noted
that one of the main issues being negotiated was the exchange ratio pursuant to which shares of Sierra Common Stock would have
been issued in exchange for existing shares of MCC Common Stock. Mr. Taube informed the MDLY Special Committee that the Sierra
Special Committee and the MCC Special Committee had reached a tentative agreement that the exchange ratio in connection with the
MCC Merger would be 0.8050 shares of Sierra Common Stock for each share of MCC Common Stock.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 29, 2018, the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson and Barclays to discuss
the July 27, 2018 framework. The MDLY Special Committee instructed Potter Anderson and the representatives of Barclays to further
request that the aggregate amount of what had been the currently contemplated pre-closing special cash dividend be paid only to
the unaffiliated MDLY Stockholders or that an additional pre-closing special cash dividend be paid only to the unaffiliated MDLY
Stockholders. The MDLY Special Committee also discussed Management&rsquo;s projections. Representatives of Barclays informed the
MDLY Special Committee that representatives of Goldman Sachs had communicated that Management (in its capacity as MDLY&rsquo;s
controlling stockholder), continued to reject any election right for the unaffiliated MDLY Stockholders with respect to the mix
of cash and stock consideration because it purportedly affected the tax-free nature of the MDLY Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<!-- Field: Page; Sequence: 65; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 29, 2018, Eversheds Sutherland uploaded to the electronic data room drafts of the MDLY Merger Agreement and MCC Merger Agreement
for the proposed Mergers.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July 30, 2018, at the direction of MDLY, representatives of Goldman Sachs delivered an updated framework for the proposed Mergers
to the MDLY Special Committee and Potter Anderson. The July 30, 2018 framework provided that (i) the unaffiliated MDLY Stockholders
would receive $4.09 per share, which would include $0.65 payable in the form of special cash dividends, and (ii) Management would
receive a lower per share cash consideration of $3.79, which would include only $0.35 payable in the form of a special cash dividend.
Under the July 30, 2018 framework, both the unaffiliated MDLY Stockholders and Management (in their capacity as MDLY Stockholders)
would receive 0.3836 shares of Sierra Common Stock per share of MDLY Class A Common Stock. In addition, the updated framework
proposed a stock-for-stock merger of Sierra and MCC using an exchange ratio of 0.8050, which was consistent with the most recently
proposed framework<B>. </B></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
a meeting of the MDLY Board held on July 30, 2018, Mr. Taube provided the MDLY Board with an update on Management&rsquo;s latest
discussion with the Sierra Special Committee in connection with the MDLY Merger and the negotiations between the Sierra Special
Committee and the MCC Special Committee relating to the MCC Merger. At the invitation of MDLY, representatives of Goldman Sachs
attended this meeting. Mr. Taube addressed the MDLY Special Committee&rsquo;s request for increased consideration for holders
of MDLY Class A Common Stock and described the outstanding business issues.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mr.
Taube next summarized Management&rsquo;s latest discussion with the Sierra Special Committee and the MCC Special Committee, noting
that while he had previously reported to the MDLY Special Committee that a share price of $6.75 (inclusive of the total cash consideration
and stock consideration) for shares of MDLY Class A Common Stock was a possibility, Sierra was still pushing for MDLY to consider
a share price lower than $6.75.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Next,
representatives of Potter Anderson asked for further information regarding the sources of value associated with the MDLY Merger,
and asked Mr. Taube to reconfirm Management&rsquo;s projections and that no changes were necessary. Mr. Taube noted that Management
had given up a great deal of value for themselves in order to facilitate an agreement and a share price point that would be agreeable
to all parties. In particular, forfeiting the Medley LLC Unitholders rights under the Tax Receivable Agreement, was of significant
benefit to the MDLY Stockholders. Mr. Taube then reviewed the specifics of the July 30, 2018 framework share price breakdown and
reconfirmed Management&rsquo;s projections.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Next,
Mr. Taube informed the MDLY Board that Management received from an unaffiliated third party (&ldquo;<B><I>Party&nbsp;Y</I></B>&rdquo;)
a written non-binding indication of interest dated July 30, 2018, to acquire all of the shares of MDLY Class A Common Stock and
all of the Medley LLC rights (the &ldquo;<B><I>July 30, 2018 IOI</I></B>&rdquo;). Mr. Taube noted that Management would assess
the offer and provide the MDLY Special Committee with a copy of the July 30, 2018 IOI.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 66; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later
on August 2, 2018, the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson and Barclays.
The MDLY Special Committee determined that there were no additional sources of value for the unaffiliated MDLY Stockholders and
that the Sierra Special Committee and the MCC Special Committee were not amenable to giving up further value in connection with
the proposed Mergers. In addition, the MDLY Special Committee reviewed, with the assistance of Potter Anderson and Barclays, the
sales processes to date run by MDLY. Based on those discussions, the MDLY Special Committee (i) confirmed that the sales processes
run by MDLY for approximately 12 months, which failed to produce any viable transaction, constituted a reasonable market check
by MDLY and that no further pre-signing market check was necessary under the circumstances, and (ii) determined not to authorize
Barclays to solicit any indications of interest from any third party with respect to the purchase of all or a part of MDLY&rsquo;s
business. The MDLY Special Committee also discussed and continued to believe that it was not a viable option to request that the
deal be conditioned on the approval of a majority of the unaffiliated MDLY Stockholders because such a condition had been rejected
on multiple occasions by Management (in its capacity as MDLY&rsquo;s controlling stockholder). The representatives of Potter Anderson
then reviewed with the MDLY Special Committee the draft MDLY Merger Agreement. The MDLY Special Committee also discussed the proposed
consideration and recognized that the cash component payable to the unaffiliated MDLY Stockholders alone exceeded what had been
the current market price of shares of MDLY Class A Common Stock.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
a meeting of the MDLY Board held on August 3, 2018, Management provided the MDLY Board with an update on the status of the proposed
Mergers since the last meeting held on July 30, 2018. At the invitation of MDLY, representatives of Goldman Sachs attended this
meeting. Mr. Taube summarized the schedule of upcoming board and special committee meetings of MCC and Sierra, noting that Eversheds
Sutherland would narrow down the list of open items being discussed in the MDLY Merger Agreement and MCC Merger Agreement. Mr.
Taube next reviewed the working plan for the proposed transaction announcement, noting that the parties were working towards announcing
an agreement on the close of business on Thursday, August 9, 2018, assuming the MDLY Merger Agreement and MCC Merger Agreement
were finalized by that date.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Next,
Mr. Taube provided an overview of the July 30, 2018 IOI. Mr. Taube explained that neither Management nor representatives of Goldman
Sachs were familiar with Party Y before receiving the unsolicited proposal. In summary, Party Y proposed a sale price that would
equate to approximately $5.09 per share of MDLY Class&nbsp;A Common Stock. Management met with representatives from Party Y and
performed diligence. Based upon that analysis, Management advised the MDLY Board that it appeared that Party Y did not have the
capacity or skill required for a successful transaction, lacked the necessary capital, and was offering a low share price that
did not fairly value MDLY. Representatives of Goldman Sachs confirmed that they were not familiar with Party Y before receiving
the unsolicited proposal and noted that it was likely that Party Y was hoping to acquire MDLY at a significant discount to fair
value.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Immediately
following the conclusion of the MDLY Board Meeting, the MDLY Special Committee held a telephonic meeting with representatives
of Potter Anderson and Barclays. Barclays reviewed with the MDLY Special Committee its preliminary financial metrics relating
to the MDLY Merger. In addition, the MDLY Special Committee, with the assistance of representatives of Potter Anderson and Barclays,
discussed the July 30, 2018 IOI and agreed that it was not viable or worth further pursuing when compared to the proposed MDLY
Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From
August 3, 2018 to the afternoon of August 9, 2018, Eversheds Sutherland exchanged multiple drafts of the MCC Merger Agreement
and the MDLY Merger Agreement with representatives of Potter Anderson, S&amp;W and Kramer Levin.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 67; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 8, 2018, the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson and Barclays. The
MDLY Special Committee and representatives of Potter Anderson discussed the compensation report received by the Sierra Special
Committee from its compensation consultant, and reviewed with the MDLY Special Committee the terms of the proposed employment
agreements to be executed by Management upon the closing of the proposed Mergers. Also at the meeting (i) Potter Anderson reviewed
with the MDLY Special Committee an overview of the material terms of the draft MDLY Merger Agreement and exhibits, (ii) Barclays
discussed with the MDLY Special Committee its financial analysis of the consideration that would have been paid to the unaffiliated
MDLY Stockholders in the MDLY Merger, and (iii) Potter Anderson reviewed with the MDLY Special Committee its fiduciary duties
in connection with its evaluation, consideration, and approval of the proposed MDLY Merger. The MDLY Special Committee, with the
assistance of Potter Anderson and Barclays, also reviewed the prior sales process run by MDLY. The discussion regarding the prior
sales process run by MDLY was based upon information that was provided by representatives of Goldman Sachs at the direction of
MDLY. After an extensive discussion, the MDLY Special Committee agreed that the MDLY Merger provided the best value reasonably
available to the unaffiliated MDLY Stockholders, including when compared to any standalone options.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 9, 2018, the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson and Barclays. The
MDLY Special Committee, with the assistance of Potter Anderson, discussed the material terms of the MDLY Merger Agreement and
exhibits. Representatives of Potter Anderson again reviewed with the MDLY Special Committee its fiduciary duties. In addition,
at the meeting, Barclays discussed with the MDLY Special Committee additional information with respect to its financial analysis
of the terms of the proposed MDLY Merger. At the request of the MDLY Special Committee, Barclays delivered an oral fairness opinion
as of August 9, 2018, which was subsequently confirmed by delivery of a written opinion dated as of such date, as to the fairness,
from a financial point of view, to the MDLY Public Stockholders of the aggregate of the MDLY Merger Consideration, the First Special
Dividend and the Second Special Dividend that would have been offered to such MDLY Public Stockholders for their MDLY Class A
Common Stock in the proposed MDLY Merger. The MDLY Special Committee unanimously (i) determined that the MDLY Merger Agreement
and the transactions contemplated thereby, including, without limitation, the MDLY Merger, were advisable and fair to, and in
the best interests of, MDLY and the MDLY Stockholders (other than Messrs. Brook Taube, Seth Taube, Tonkel, Allorto, and Fredericks,
Medley Group LLC, and any of their respective affiliates), (ii) approved and declared advisable the MDLY Merger Agreement and
the transactions contemplated thereby, including, without limitation, the MDLY Merger, and (iii) recommended that the MDLY Board
(a) approve and declare advisable the MDLY Merger Agreement and the transactions that had been contemplated thereby, including,
without limitation, the MDLY Merger, and (b) submit the MDLY Merger Agreement to the MDLY Stockholders for adoption.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 9, 2018, the MDLY Board held a telephonic meeting. At the invitation of MDLY, representatives of Potter Anderson, Barclays,
Goldman Sachs and Eversheds Sutherland were present. At this meeting, representatives of Goldman Sachs reviewed its financial
analysis of the consideration that would have been paid to the MDLY Stockholders in the MDLY Merger. Representatives of Goldman
Sachs then rendered an oral opinion to the MDLY Board, which was subsequently confirmed by delivery of a written opinion dated
August 9, 2018, to the effect that, as of such date, and based upon and subject to the factors and assumptions set forth therein,
the aggregate of the MDLY Merger Consideration, the First Special Dividend and the Second Special Dividend, which is referred
to as the &ldquo;Consideration&rdquo;, to have been paid to the holders of MDLY Class A Common Stock (other than Sierra, MCC and
any of their respective affiliates, the Medley LLC Unitholders, the holders of Medley LLC Restricted Units and the holders of
MDLY RSUs) pursuant to the MDLY Merger Agreement, was fair from a financial point of view to such holders.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mr.
Leeds provided the MDLY Board with a report of the MDLY Special Committee meeting held earlier that day. Mr. Leeds provided a
history of the various meetings held by the MDLY Special Committee and described the final considerations of the MDLY Special
Committee that led to its recommendation that the MDLY Merger Agreement and the transactions that had been contemplated thereby
be approved by the MDLY Board. In particular, Mr. Leeds highlighted, among other things, the fairness opinion that the MDLY Special
Committee received from Barclays and the robust process of considering all of the information and various proposals presented
to the MDLY Special Committee. On that basis, Mr. Leeds confirmed the MDLY Special Committee&rsquo;s recommendation described
above.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT>&nbsp;</P>

<!-- Field: Page; Sequence: 68; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->60<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
that basis, the MDLY Board unanimously approved and declared advisable the MDLY Merger Agreement and the transactions that had
been contemplated thereby, including, without limitation, the MDLY Merger and resolved to submit the MDLY Merger Agreement to
the MDLY Stockholders for its adoption.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U><A NAME="b_002"></A>Phase
                                         1 &mdash; Reasons for the Mergers</U></FONT> </TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-indent: -0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1.5in"> <A NAME="a_023"></A> </TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">i.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Sierra&rsquo;s
                                         Reasons for the Mergers &mdash; Phase 1 Approval</U></B></FONT> </TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.25in; text-indent: -9pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Special Committee unanimously determined that the MCC Merger Agreement, the MDLY Merger Agreement and the transactions
contemplated thereby, including, without limitation, the MCC Merger and the MDLY Merger, were advisable and fair to, and in the
best interests of, Sierra and the Sierra Stockholders.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
recommending that the Sierra Board approve the MCC Merger Agreement, the MDLY Merger Agreement and the transactions contemplated
thereby, including the MCC Merger and the MDLY Merger, the Sierra Special Committee considered the terms of the MCC Merger Agreement,
the MDLY Merger Agreement and the other transactions and agreements relating thereto. As part of its evaluation, the Sierra Special
Committee considered the financial terms, risks/challenges, timing and uncertainties of alternatives available to Sierra, as well
as financial information prepared by Management. The Sierra Special Committee consulted with outside financial and legal advisors
and Management, and took into account a number of reasons, including, among others:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Mergers would have increased the assets under management of the Combined Company, offering
                                         the potential for greater diversification and scale;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Mergers would have been expected to be accretive to Sierra&rsquo;s NII, ROE, and NAV;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Mergers would have offered the potential for achieving cost savings, operational efficiencies
                                         and synergies;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         public listing of the Combined Company would have provided liquidity for the Sierra Stockholders,
                                         and the market for the shares of the Combined Company Common Stock would likely have
                                         been superior to what would have been expected if Sierra had merely listed its shares;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Mergers would have resulted in the internalization of management of the Combined Company,
                                         having provided for greater control by the Board of the Combined Company and closer alignment
                                         of interests of Management and the Combined Company Stockholders;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that the Sierra Special Committee had actively negotiated the terms of the Mergers
                                         and the final terms would have been materially different from the terms initially presented
                                         as a potential framework around which a transaction could be consummated;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         renegotiation of the Tax Receivable Agreement would have been expected to provide benefits
                                         to the Combined Company because the Combined Company would no longer have been contractually
                                         obligated to share substantially all of the tax savings associated with its tax basis
                                         step-up with Medley LLC Unitholders;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         financial analyses and presentations that had been prepared by Broadhaven and its oral
                                         opinion delivered to the Sierra Special Committee on August 9, 2018, which was subsequently
                                         confirmed in writing by delivery of Broadhaven&rsquo;s written opinion dated August 9,
                                         2018, to the effect that, as of that date and based upon and subject to various assumptions,
                                         limitations and qualifications described in its opinion, the total consideration that
                                         would have been paid and issued by Sierra pursuant to the MCC Merger Agreement and the
                                         MDLY Merger Agreement, considered as a whole and not in separate parts, would have been
                                         fair to Sierra from a financial point of view;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT> </P>

<!-- Field: Page; Sequence: 69; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         compensation that would have been paid to members of Management had been reviewed by
                                         the Sierra Special Committee&rsquo;s compensation consultant, which had advised that
                                         the proposed compensation was reasonable and competitive with peer companies;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">based
                                         on the MDLY Merger Consideration that would have been received by Management in connection
                                         with the Mergers (as described herein), the net effect of such merger consideration would
                                         have been that Management would roll over approximately 100% of their after tax proceeds
                                         in connection with the Mergers into shares of Combined Company Common Stock, which shares
                                         would have been subject to a 12-month lock-up period, which would have more closely aligned
                                         the interests of Management and the Combined Company Stockholders;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         investment objectives and principal investment strategies of Sierra and MCC would have
                                         been similar;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Mergers would have been expected to be tax-free to Sierra Stockholders; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         consummation of the Mergers would have been subject to significant conditions, including
                                         the requirement that the Mergers be approved by Sierra Stockholders.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
view of the variety of factors and the amount of information considered, as well as the complexity of that information, the Sierra
Special Committee did not find it practicable to, and did not, quantify, rank or otherwise assign relative weights to the specific
factors it considered in reaching its decisions. In addition, individual members of the Sierra Special Committee may have given
different weight to different factors. The above factors are not listed in any particular order of priority. In the judgment of
the Sierra Special Committee, the potential risks associated with the MCC Merger Agreement, the MDLY Merger Agreement and the
transactions contemplated thereby, including the MCC Merger and the MDLY Merger, had been favorably offset by the potential benefits
of the MCC Merger Agreement, the MDLY Merger Agreement and the transactions that had been contemplated thereby, including the
MCC Merger and the MDLY Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ii.</B></FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Position
                                         of Sierra as to the Fairness of the Mergers</U></B></FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.25in; text-indent: -9pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Because
the proposed MDLY Merger may be deemed to be subject to the SEC rules governing &ldquo;going private&rdquo; transactions, and
Sierra may be deemed to be an affiliate of MDLY under those rules, the Sierra Board is expressing what had been its position as
to the fairness of the proposed MDLY Merger to MDLY&rsquo;s &ldquo;unaffiliated security holders,&rdquo; as defined under Rule
13e-3 of the Exchange Act. The Sierra Board is making the statements included in this section solely for the purpose of complying
with the requirements of Rule 13e-3 and related rules under the Exchange Act.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Sierra Board believes that the MDLY Merger (which is the Rule 13e-3 transaction for which a Schedule 13E-3 Transaction Statement
was filed with the SEC) would have been fair to the unaffiliated MDLY Stockholders on the basis of the factors described below.
The Sierra Board had not participated in the deliberations of the MDLY Special Committee regarding, or receive advice from the
MDLY Special Committee&rsquo;s legal or financial advisors as to, the fairness of the proposed MDLY Merger. The Sierra Board had
not performed, or engaged a financial advisor to perform, any valuation or other analysis for the purpose of assessing the fairness
of the MDLY Merger to the unaffiliated MDLY Stockholders.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
on the knowledge and analysis by the Sierra Board of available information regarding MDLY, as well as discussions with MDLY&rsquo;s
senior management regarding MDLY and its business and the factors considered by, and the analysis and resulting conclusions of
the MDLY Board discussed in the Sierra Joint Proxy Statement/Prospectus, in &ldquo;&mdash; MDLY&rsquo;s Reasons for the Mergers,&rdquo;
the Sierra Board believes that the MDLY Merger had been substantively and procedurally fair to the unaffiliated MDLY Stockholders.
In particular, the Sierra Board believes that the MDLY Merger had been fair to the unaffiliated MDLY Stockholders based on its
consideration of the following factors, among others, which are not presented in any relative order of importance.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 70; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Procedural
fairness</U>. The Sierra Board took into account the procedures implemented to provide for procedural fairness, including:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         appointment of a special committee of the MDLY Board and the authority of the MDLY Special
                                         Committee to negotiate and reject or recommend approval of the MDLY Merger and the terms
                                         of the MDLY Merger Agreement;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         independence of the members of the MDLY Special Committee and the fact that its members
                                         had been outside, non-employee directors of the MDLY Board and had not been affiliated
                                         with Sierra or with the members of the Sierra Special Committee or the Sierra Board;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         belief that the members of the MDLY Special Committee did not have any interests in the
                                         MDLY Merger different from, or in addition to, those of the unaffiliated MDLY Stockholders,
                                         other than the members&rsquo; receipt of board and special committee compensation in
                                         connection with their evaluation of the MDLY Merger and continued indemnification and
                                         liability insurance for such directors following what would have been the completion
                                         of the MDLY Merger for certain claims and liabilities arising from their actions taken
                                         prior to what would have been the MDLY Merger Effective Time;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that neither the MDLY Special Committee nor the MDLY Board had any obligation to
                                         approve the MDLY Merger;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         MDLY Special Committee&rsquo;s engagement of, and reliance on, their own independent,
                                         experienced, third-party advisors, including financial and legal advisors;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         understanding that the MDLY Special Committee had received or would have received an
                                         opinion from its financial advisor as to the fairness, from a financial point of view,
                                         of the consideration that would have been offered to the MDLY Public Stockholders for
                                         their MDLY Class A Common Stock, as of the date of the opinion and based upon and subject
                                         to the qualifications, limitations and assumptions stated therein, understanding that
                                         the Sierra Board was not entitled to rely upon that opinion;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">that
                                         the MDLY Board, based on the recommendation of the MDLY Special Committee, approved the
                                         MDLY Merger and concluded that the MDLY Merger had been in the best interests of all
                                         MDLY Stockholders, including the unaffiliated MDLY Stockholders; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that Sierra had not influenced or participated in MDLY&rsquo;s deliberative process.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT> </P>

<!-- Field: Page; Sequence: 71; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Substantive
fairness</U>. The Sierra Board considered factors relating to the substantive fairness of the MDLY Merger to MDLY Stockholders,
including:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that the MDLY Merger Consideration and the other terms and conditions of the MDLY
                                         Merger had been the result of extensive arms&rsquo; length negotiations among the Sierra
                                         Special Committee, the MDLY Special Committee, and their respective independent legal
                                         and financial advisors;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that the terms and conditions of the MDLY Merger Agreement provided certain protections
                                         for MDLY and MDLY Stockholders, specifically the inclusion of (i) provisions that allowed
                                         the MDLY Board (at the direction of the MDLY Special Committee), subject to certain procedural
                                         requirements, in response to other acquisitions proposals, to make an adverse change
                                         to its recommendation to MDLY Stockholders and terminate the transaction if the MDLY
                                         Board believed it had received an offer that was, or could have led to an offer that
                                         was, superior to Sierra&rsquo;s offer; (ii) provisions that provided the MDLY Board the
                                         right in certain circumstances to terminate the MDLY Merger Agreement if failure to terminate
                                         would have been inconsistent with the fiduciary duties of the MDLY Board, subject to
                                         the payment of a market termination fee; and (iii) provisions that allowed MDLY to compel
                                         specific enforcement of the MDLY Merger Agreement; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         availability of appraisal rights under the DGCL to MDLY Stockholders who followed the
                                         procedures and satisfied the conditions set forth in Section 262 of the DGCL.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Value
fairness</U>. The Sierra Board also considered factors relating to the value of the MDLY Merger Consideration to be received by
MDLY Stockholders, including:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         nature of the MDLY Merger Consideration, which would have included the right to receive
                                         (i)&nbsp;0.3836 shares of Sierra Common Stock plus (ii) cash in an amount equal to $3.44
                                         per share plus certain cash dividends and other payments, as more fully described on
                                         page 285 (with the cash consideration having provided an opportunity to immediately realize
                                         value for a portion of their investment and the stock consideration having provided for
                                         the potential for participating in any future earnings and growth of the Combined Company);</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         opinion of its financial advisor which conducted a series of financial analyses to determine
                                         a valuation of MDLY Class A Common Stock. Such analyses had included a precedent transaction
                                         multiples analysis, resulting in a range of values of $2.66 to $11.07 per share, a public
                                         market premium analysis, resulting in a range of values of $4.14 to $6.95 per share,
                                         and a discounted cash flow analysis, resulting in a range of values of $6.58 to $15.57
                                         per share;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">that
                                         after giving effect to the special dividends to be paid to the unaffiliated MDLY Stockholders
                                         pursuant to the MDLY Merger Agreement, the aggregate cash consideration to have been
                                         received by such stockholders in the MDLY Merger for their shares of MDLY Class A Common
                                         Stock would have been greater than the aggregate cash consideration to be received by
                                         the affiliated MDLY Stockholders for their shares but that they would have received the
                                         same stock consideration per share;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Sierra Board&rsquo;s view of MDLY&rsquo;s future performance and prospects if MDLY had
                                         remained a stand-alone company would have been adversely affected by its lack of scale
                                         as compared to competing alternative asset managers; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">what
                                         would have been the continued costs and risks to, and potential liabilities of, MDLY
                                         related to ongoing compliance as an SEC reporting company.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT> </P>

<!-- Field: Page; Sequence: 72; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->64<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Negative
Factors</U>. In addition to the positive factors above, the Sierra Board also considered certain potentially negative factors,
including, but not limited to:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that the exchange ratio for shares of MDLY Class A Common Stock into shares of Sierra
                                         Common Stock would have been fixed, and that the unaffiliated MDLY Stockholders may have
                                         been adversely affected by declines in the value of Sierra Common Stock after the execution
                                         of the MDLY Merger Agreement;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         risk that the MDLY Merger may not have been completed and the resulting adverse effect
                                         of an announcement of the termination of the MDLY Merger Agreement on the market price
                                         for MDLY Class&nbsp;A Common Stock;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         substantial costs that would have been incurred by MDLY in connection with the MDLY Merger,
                                         whether or not the MDLY Merger would have been completed; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that there had been no requirement that a majority of the unaffiliated MDLY Stockholders
                                         approve the MDLY Merger and that as a class they hold only 2.25% of the outstanding voting
                                         stock of MDLY.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>iii.</B></FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U><A NAME="a_024"></A>MCC&rsquo;s
                                         Reasons for the MCC Merger &mdash; Phase 1 Approval</U></B></FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
MCC Special Committee unanimously determined that the MCC Merger Agreement and the transactions contemplated thereby, including,
without limitation, the MCC Merger, are advisable and fair to, and in the best interests of, MCC and the MCC Stockholders.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
recommending that the MCC Board approve the MCC Merger Agreement and the transactions contemplated thereby, including the MCC
Merger, the MCC Special Committee considered the terms of the MCC Merger Agreement and the other transactions and agreements relating
thereto. As part of its evaluation, the MCC Special Committee considered the financial terms, risks/challenges, timing and uncertainties
of alternatives available to MCC, as well as financial information prepared by Management. At the time of the MCC Special Committee&rsquo;s
approval of the transaction, there was no other significant alternative transaction considered by the MCC Special Committee. The
MCC Special Committee consulted with outside financial and legal advisors and Management, and took into account a number of reasons,
including, among others:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Financial
Considerations</I></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         value of the MCC Merger Consideration that would have been received by the MCC Stockholders
                                         in the MCC Merger;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that, since the MCC Merger Consideration would have been paid in shares of Sierra
                                         Common Stock, the MCC Stockholders would have had the opportunity to participate in any
                                         future earnings and growth of the Combined Company and future appreciation in the value
                                         of such shares following the Mergers should they have determined to retain the shares
                                         of Sierra Common Stock payable in the MCC Merger;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that the total implied value of the MCC Merger Consideration to have been received
                                         by the unaffiliated MCC Stockholders in the MCC Merger had been expected to result in
                                         an estimated 18.52% accretion of NII per share of MCC Common Stock for MCC Stockholders
                                         assuming flat MDLY earnings and an estimated 29.8% accretion assuming projected MDLY
                                         earnings;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that the MCC Special Committee had successfully negotiated an increase to the exchange
                                         ratio of Sierra Common Stock that MCC Stockholders would have been entitled to receive;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         belief of the MCC Special Committee that its negotiations had resulted in the highest
                                         price per share for the unaffiliated MCC Stockholders that MDLY and Sierra would support;
                                         and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         financial presentation of Sandler O&rsquo;Neill to the MCC Special Committee, dated August
                                         9, 2018, and the opinion of Sandler O&rsquo;Neill to the MCC Special Committee, dated
                                         August 9, 2018, to the effect that, as of that date and based upon and subject to various
                                         assumptions, matters considered and limitations described in its opinion, the MCC Merger
                                         Consideration that would have been received by holders of MCC Common Stock was fair,
                                         from a financial point of view, to holders of MCC Common Stock (other than Sierra, MDLY
                                         and their respective affiliates).</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT> </P>

<!-- Field: Page; Sequence: 73; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->65<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Strategic
and Business Considerations</I></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that the MCC Special Committee had the authority to not recommend that the MCC Board
                                         approve the MCC Merger Agreement and the MCC Board would have been precluded from approving
                                         the MCC Merger Agreement under those circumstances;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Combined Company would have had greater scale for investment and financing flexibility
                                         (potential improvement in credit rating could result in lower funding costs and improved
                                         access to capital over time);</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Combined Company would have had a more diversified balance sheet;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Combined Company would have had less relative exposure to non-accruing loans;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         internalization would have better aligned the incentives of Management with the MCC Stockholders
                                         as well as provided greater transparency into Management&rsquo;s structure;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Combined Company would have had potential earnings enhancement over time through ownership
                                         of an asset management subsidiary;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Combined Company would have been expected to have a significantly greater market capitalization
                                         and thus increased potential liquidity for MCC Stockholders;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Combined Company would have been expected to be the 7th largest publicly traded BDC compared
                                         to MCC, which had currently been the 23rd largest BDC;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BDCs
                                         with internal management structures have tended to trade at less of a discount than externally
                                         managed BDCs;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         transaction should have simplified the current structure of cross-ownership and management
                                         of MCC and Sierra; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         terms and conditions of the MCC Merger Agreement, as discussed in the section entitled
                                         &ldquo;The Description of the MCC Merger Agreement,&rdquo; which the MCC Special Committee
                                         after consulting with its legal advisors had considered to be reasonable.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the course of reaching the determinations and decisions and making the recommendation described above, the MCC Special Committee
considered the risks and challenges relating to the Mergers, including the following material items:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that the MCC Merger Consideration that would have been received by the MCC Stockholders
                                         would have consisted of Sierra Common Stock based on a fixed exchange ratio and that
                                         the value of the MCC Merger Consideration may have declined either before or after the
                                         MCC Special Meeting and there would have been no adjustment to the exchange ratio, thereby
                                         exposing the MCC Stockholders to the risks of an equity investment in Sierra Common Stock;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Combined Company had not traded before and there was no way to determine with certainty
                                         the price at which it would have traded, both initially and in the long term;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">though
                                         the combined portfolio may have been more diversified and have had a lower percentage
                                         of non-accruing loans, the Combined Company would still have been the same management
                                         team as before;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">internalizing
                                         the investment management could have caused some complexities in the structure;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">uncertainties
                                         about MDLY&rsquo;s ability to grow business (and earnings) as a captive asset manager;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">there
                                         would have been a dilution in MCC Stockholders&rsquo; influence (MCC Stockholders would
                                         own approximately 28% of the Combined Company);</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MCC
                                         Stockholders would have experienced an approximate 8.4% dilution in NAV per share (after
                                         projected expenses associated with the transaction);</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT> </P>

<!-- Field: Page; Sequence: 74; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->66<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that the MCC Merger Agreement would have precluded MCC from actively soliciting
                                         competing proposals and MCC may not have terminated the MCC Merger Agreement to accept
                                         a competing proposal from a third party unless the MCC Board (or the MCC Special Committee)
                                         had determined in good faith (after consultation with its outside financial advisor and
                                         legal counsel) that the competing proposal constituted a superior proposal and after
                                         providing notice, as applicable, and entering into good faith negotiations with Sierra,
                                         in which case MCC would have been required to pay the termination fee;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         fact that not all of the conditions to the MCC Merger Closing, including the required
                                         stockholder approvals, would have been within the parties&rsquo; control;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         substantial costs to have been incurred by MCC in connection with the MCC Merger Agreement
                                         and the other transactions contemplated thereby, regardless of whether the MCC Merger
                                         had been consummated;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         risk that the announcement and pendency of the MCC Merger could have resulted in the
                                         disruption of MCC&rsquo;s business, including the possible diversion of Management attention
                                         and potential adverse effects on MCC&rsquo;s business relationships; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         challenges inherent in the combination of three businesses, including the risk that integration
                                         of the three companies may have taken more time or have been more costly than anticipated,
                                         and the risk that cost savings, synergies and other benefits expected to have been obtained
                                         may not have been fully or timely realized.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
view of the variety of factors and the amount of information considered, as well as the complexity of that information, the MCC
Special Committee did not find it practicable to, and did not, quantify, rank or otherwise assign relative weights to the specific
factors it considered in reaching its decisions. In addition, individual members of the MCC Special Committee may have given different
weight to different factors. The above factors are not listed in any particular order of priority. In the judgment of the MCC
Special Committee, the potential risks associated with the MCC Merger Agreement and the transactions contemplated thereby, including
the MCC Merger, were favorably offset by the potential benefits of the MCC Merger Agreement and the transactions that had been
contemplated thereby, including the MCC Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>iv.</B></FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U><A NAME="a_025"></A>The
                                         Medley Affiliates&rsquo; Reasons for the MDLY Merger &mdash; Phase 1 Approval</U></B></FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.25in; text-align: justify; text-indent: -9pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIC
Advisors, MCC Advisors, Medley LLC, Medley Group LLC, Seth Taube, and Brook Taube (the &ldquo;<B><I>Medley Affiliates</I></B>&rdquo;)
unanimously determined that the MDLY Merger Agreement and the transactions contemplated thereby, were advisable and fair to, and
in the best interests of, the MDLY Stockholders. As part of its evaluation, the Medley Affiliates had considered the financial
terms, risks/challenges, timing and uncertainties of alternatives available to MDLY, as well as financial information prepared
by Management. In that regard, the Medley Affiliates took into account a number of reasons, including, among others:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Mergers had been expected to be accretive to the Combined Company&rsquo;s NII, ROE, and
                                         NAV over time;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Mergers had been expected to increase diversification and scale for the Combined Company;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Mergers would have offered the potential for achieving cost savings, operational efficiencies
                                         and synergies;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         public listing of the Combined Company had been expected to provide greater liquidity
                                         for all constituent stockholders; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         Mergers would have simplified the overall corporate structure and more closely aligned
                                         the interests of Management and all constituent stockholders, having provided the potential
                                         for an increase in valuation comparable to internally managed BDC peers.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT> </P>

<!-- Field: Page; Sequence: 75; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->67<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>v.</B></FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U><A NAME="a_026"></A>MDLY&rsquo;s
                                         Reasons for the MDLY Merger &mdash; Phase 1 Approval</U></B></FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
MDLY Special Committee unanimously determined, and recommended the MDLY Board determine, that the MDLY Merger Agreement and the
transactions contemplated thereby, including, without limitation, the MDLY Merger, had been advisable and fair to, and in the
best interests of, MDLY and the unaffiliated MDLY Stockholders.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
MDLY Board and the Medley Affiliates determined that the MDLY Merger Agreement and the transactions contemplated thereby, including,
without limitation, the MDLY Merger were advisable and fair to, and in the best interests of, MDLY and the unaffiliated MDLY Stockholders.
The Medley Affiliates were able to reach their fairness determination as to the MDLY unaffiliated security holders in light of
the fact that, among other things, all of the MDLY unaffiliated security holders and certain non-management affiliates of MDLY
would have received the same dollar amount per share for their MDLY Class A Common Stock. The MDLY Board was able to reach its
fairness determination as to the MDLY unaffiliated security holders in light of the fact that, among other things, all of the
MDLY unaffiliated security holders and certain non-management affiliates of MDLY would have received the same dollar amount per
share for their MDLY Class A Common Stock. Accordingly, the MDLY Board was able to reach its fairness determination as to unaffiliated
security holders by adopting the determinations of the MDLY Special Committee.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
making its recommendation to the MDLY Board, the MDLY Special Committee expressly relied upon, among other things, the Barclays
fairness opinion<B>, </B>subject to the qualifications, limitations and assumptions stated therein<B>, </B>together with the analyses
and conclusions of Barclays in issuing its fairness opinion, including the comparable company, comparable transaction and discounted
cash flow analyses (based on the MDLY Projections) contained therein, and the other factors considered and reviewed for informational
purposes (including, without limitation, the historical share price analysis, transaction premium analysis and current analyst
price targets analysis).</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
of the factors set forth above were important to MDLY and the Medley Affiliates in determining the fairness of the transaction
to the unaffiliated security holders. With respect to whether the consideration that would have been offered to unaffiliated security
holders constituted fair value, MDLY believes that the factors that are described above constitute an analysis of whether the
consideration that would have been offered to unaffiliated security holders constituted fair value in relation to current market
prices, historical market prices and going concern value. Moreover, while net book value had been considered as a data point,
MDLY had not considered its net book value on a stand-alone basis in considering the fairness of the transaction due to the fact
that MDLY&rsquo;s business is based on fee income rather than asset value. MDLY had not considered liquidation value as liquidating
the company was not considered.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
recommending that the MDLY Board approve the MDLY Merger Agreement and the transactions contemplated thereby, including the MDLY
Merger, the MDLY Special Committee considered the terms of the MDLY Merger Agreement and the other transactions and agreements
relating thereto. As part of its evaluation, the MDLY Special Committee considered the financial terms, risks/challenges, timing
and uncertainties of alternatives available to MDLY, as well as financial information prepared by Management. The MDLY Special
Committee consulted with outside financial and legal advisors and Management, and took into account a number of reasons, including,
among others:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 76; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->68<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Financial
Considerations</I></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         aggregate value and composition of the MDLY Merger Consideration (together with the First
                                         Special Dividend and the Second Special Dividend, as applicable) that would have been
                                         received by the MDLY Stockholders in the MDLY Merger, including the fact that upon completion
                                         of the MDLY Merger, the unaffiliated MDLY Stockholders would have received $4.09 per
                                         share, including $0.65 payable in the form of special cash dividends, and Management
                                         would have received $3.79 per share, including $0.35 payable in the form of a special
                                         cash dividend, <I>plus </I>both the unaffiliated MDLY Stockholders and Management would
                                         have received 0.3836 shares of Sierra Common Stock per share of MDLY Class A Common Stock.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that a significant portion of the MDLY Merger Consideration (together with the First
                                         Special Dividend and the Second Special Dividend, as applicable) that would have been
                                         received by the unaffiliated MDLY Stockholders in the MDLY Merger would have been paid
                                         in cash, giving the unaffiliated MDLY Stockholders an opportunity to immediately realize
                                         value for a portion of their investment and providing certainty of value with respect
                                         to the cash portion of the MDLY Merger Consideration to be paid to the unaffiliated MDLY
                                         Stockholders.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that, since the stock portion of the MDLY Merger Consideration would have been paid
                                         in shares of Sierra Common Stock, the MDLY Stockholders would have had the opportunity
                                         to participate in any future earnings and growth of the Combined Company and future appreciation
                                         in the value of such shares following the Mergers should they have determined to retain
                                         the shares of Sierra Common Stock payable in the MDLY Merger.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the total implied value of the MDLY Merger Consideration (together with the
                                         First Special Dividend and the Second Special Dividend, as applicable) that would have
                                         been received by the unaffiliated MDLY Stockholders in the MDLY Merger represented a
                                         premium to market of approximately 100%, assuming a NAV multiple of 1.00x for Sierra,
                                         based on the closing share price of $3.45 for MDLY Class A Common Stock on August 8,
                                         2018 (the last trading day prior to announcement of the MDLY Merger).</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fairness presentation by Barclays and its oral opinion delivered to the MDLY Special
                                         Committee on August 9, 2018 (which was subsequently confirmed in writing by delivery
                                         of Barclays&rsquo; written opinion dated August 9, 2018), that, as of such date, and
                                         based upon and subject to the qualifications, limitations and assumptions stated in its
                                         opinion, from a financial point of view, the Consideration (as defined below) that would
                                         have been offered to the non-management holders of MDLY Class A Common Stock in the proposed
                                         MDLY Merger was fair to such stockholders, including, without limitation, the comparable
                                         company analysis, comparable transaction analysis and discounted cash flow analysis performed
                                         by Barclays. In addition, Barclays had considered and reviewed with the MDLY Special
                                         Committee other factors for informational purposes, including, among other things, the
                                         Historical Share Price Analysis, Transaction Premium Analysis and Current Analyst Price
                                         Targets Analysis.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the MDLY Special Committee had identified additional sources of value for the
                                         unaffiliated MDLY Stockholders, including that the Medley LLC Unitholders had agreed
                                         to forfeit all of the benefits to which they would have otherwise been entitled under
                                         the Tax Receivable Agreement in order to increase the amount of consideration that would
                                         have been available to the unaffiliated MDLY Stockholders.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the MDLY Special Committee successfully negotiated a pre-closing special cash
                                         dividend of $0.30 that would have been paid only to the holders of MDLY Class A Common
                                         Stock prior to the exchange of the LLC Units.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         belief of the MDLY Special Committee that its negotiations had resulted in the highest
                                         price per share for the unaffiliated MDLY Stockholders compared to Management and that
                                         MCC and Sierra would support.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT> </P>

<!-- Field: Page; Sequence: 77; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->69<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Thorough
Review of Strategic Alternatives</I></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that MDLY had carefully considered and evaluated, with the assistance of Management
                                         and legal and financial advisors, various potential strategic alternatives, including
                                         the robust and extensive sales processes to date run by MDLY for approximately 12 months.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         belief of the MDLY Special Committee, which belief had been formed after consultation
                                         with Management and legal and financial advisors, that continuing discussions with the
                                         parties who expressed interest since May 2018, or soliciting interest from additional
                                         third parties would have been unlikely to lead to a better offer and could have led to
                                         the loss of the offer in connection with the proposed MDLY Merger.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the parties that had submitted expressions of interest regarding a potential
                                         acquisition of MDLY since May 2018 were valuing MDLY, on a per share basis, at less than
                                         the value of the MDLY Merger Consideration (together with the First Special Dividend
                                         and the Second Special Dividend).</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         belief of the MDLY Special Committee, which belief was formed after consultation with
                                         Management and legal and financial advisors, that the process conducted by MDLY had resulted
                                         in the highest price reasonably available to the unaffiliated MDLY Stockholders, including
                                         any standalone options.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Strategic
and Business Considerations</I></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the MDLY Special Committee, comprising independent, non-employee directors
                                         of the MDLY Board, and with the assistance of independent, experienced, third party financial
                                         and legal advisors, had the authority to negotiate and reject or recommend approval of
                                         the MDLY Merger Agreement and the transactions contemplated thereby, including the MDLY
                                         Merger.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the MDLY Special Committee had the authority to not recommend that the MDLY
                                         Board approve the MDLY Merger Agreement and the MDLY Board would have been precluded
                                         from approving the MDLY Merger Agreement under those circumstances.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         benefits to the Combined Company that could have resulted from the Mergers, including
                                         (i) the Combined Company could have had over $5 billion of assets under management, including
                                         $2 billion of internally managed assets, and (ii) the Combined Company was expected to
                                         be the second largest internally managed BDC and the seventh largest publicly traded
                                         BDC.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the Sierra Investment Advisory Agreement and the MCC Investment Management
                                         Agreement are renewed annually, renewal effectively requires, and termination of the
                                         agreements are effectively subject only to, the approval of the independent directors
                                         of Sierra and MCC, and their terms would have provided a certain degree of leverage to
                                         Sierra and MCC given their relative importance to MDLY.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that MDLY Stockholders would have had an ability to participate in the future growth
                                         of the Combined Company, including any future upside in the stock price and potential
                                         synergies expected to result from the Mergers.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         likelihood of obtaining regulatory approvals, including an exemptive order from the SEC
                                         granting relief to Sierra, MCC and MDLY under the Investment Company Act to the extent
                                         necessary to consummate the Mergers and to thereafter operate as an internally managed
                                         BDC.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT> </P>

<!-- Field: Page; Sequence: 78; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->70<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Terms
of the Merger Agreement </I></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         terms of the MDLY Merger Agreement had been the result of extensive arm&rsquo;s length
                                         negotiations among Management, the MDLY Special Committee and the Sierra Special Committee.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the MDLY Merger Agreement would have permitted the MDLY Board (at the direction
                                         of the MDLY Special Committee) to change its recommendation that the MDLY Stockholders
                                         vote in favor of the adoption of the MDLY Merger Agreement in response to certain acquisition
                                         proposals, if the MDLY Board (at the direction of the MDLY Special Committee) had determined
                                         that failure to change its recommendation could reasonably be expected to be inconsistent
                                         with its fiduciary duties, subject to certain procedural requirements set forth in the
                                         MDLY Merger Agreement.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the MDLY Board could have terminated the MDLY Merger Agreement to accept a
                                         &ldquo;superior proposal&rdquo; from a third party, subject to certain procedural requirements
                                         set forth in the MDLY Merger Agreement.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         payment of what would have been a reasonable termination fee equal to $5,350,000 by MDLY
                                         or Sierra in certain instances following termination of the MDLY Merger Agreement.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that appraisal rights would have been available to MDLY Stockholders who complied
                                         with all of the required procedures under the DGCL, which would have allowed such holders
                                         to seek appraisal of the fair value of their shares as determined by the Delaware Court
                                         of Chancery.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
MDLY Special Committee also considered certain potentially negative factors in its deliberations concerning the MDLY Merger, including,
but not limited to, the following:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that a significant portion of the MDLY Merger Consideration to be paid to MDLY Stockholders
                                         would have been paid in cash and, with respect to that portion of the consideration,
                                         the MDLY Stockholders would not have participated in the future growth of the Combined
                                         Company.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the stock portion of the MDLY Merger Consideration that would have been received
                                         by the MDLY Stockholders would have consisted of Sierra Common Stock based on a fixed
                                         exchange ratio and that the value of the stock portion of the MDLY Merger Consideration
                                         may have declined either before or after the MDLY Special Meeting and there would have
                                         been no adjustment to the exchange ratio, thereby exposing the MDLY Stockholders to the
                                         risks of an equity investment.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         uncertainty as to the price at which the Sierra Common Stock would have traded as of
                                         the consummation of the MDLY Merger.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that consummation of the MDLY Merger had not been conditioned on the approval of
                                         a majority of the unaffiliated MDLY Stockholders.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that, while members of Management would have owned approximately 6.2% of the shares
                                         of the Combined Company Common Stock, the unaffiliated MDLY Stockholders would have held
                                         only approximately 1.4% of the shares of the Combined Company Common Stock.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the MDLY Merger Agreement would have precluded MDLY from actively soliciting
                                         competing proposals and MDLY may not have terminated the MDLY Merger Agreement to accept
                                         a competing proposal from a third party unless the MDLY Board (or the MDLY Special Committee)
                                         had determined in good faith (after consultation with its outside financial advisor and
                                         legal counsel) that the competing proposal constituted a superior proposal and after
                                         providing notice, as applicable, and entering into good faith negotiations with Sierra,
                                         in which case MDLY would have been required to pay the termination fee.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that not all of the conditions to the MDLY Merger Closing, including the required
                                         stockholder approvals, had been within the parties&rsquo; control.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         fact that the MDLY Merger Agreement contained certain restrictions on the ability of
                                         MDLY to conduct its business in the period between signing and closing, so that Sierra&rsquo;s
                                         consent had been required in respect of certain corporate actions, the entry into certain
                                         contracts, the acquisition or disposition of material assets, certain compensation actions,
                                         and other matters.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT> </P>

<!-- Field: Page; Sequence: 79; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->71<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> The
                                         substantial costs to have been incurred by MDLY in connection with the MDLY Merger Agreement
                                         and the other transactions contemplated thereby, regardless of whether the MDLY Merger
                                         had been consummated. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> The
                                         risk that the announcement and pendency of the MDLY Merger could have resulted in the
                                         disruption of MDLY&rsquo;s business, including the possible diversion of Management and
                                         employee attention, potential employee attrition and potential adverse effects on MDLY&rsquo;s
                                         business relationships. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> The
                                         challenges inherent in the combination of three businesses, including the risk that integration
                                         of the three companies may have taken more time or have been more costly than anticipated,
                                         and the risk that cost savings, synergies and other benefits expected to be obtained
                                         may not have been fully or timely realized. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The MDLY Special
Committee considered the factors taken into account by Barclays in issuing its fairness opinion. In determining the MDLY Merger
was advisable and fair to, and in the best interests of, MDLY and the unaffiliated MDLY Stockholders, the MDLY Special Committee
expressly adopted the analysis and conclusions of Barclays in issuing its fairness opinion as part of its considerations in making
such determination. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In view of the
variety of factors and the amount of information considered, as well as the complexity of that information, the MDLY Special Committee
did not find it practicable to, and did not, quantify, rank or otherwise assign relative weights to the specific factors it considered
in reaching its decisions. In addition, individual members of the MDLY Special Committee may have given different weight to different
factors. The above factors are not listed in any particular order of priority. In the judgment of the MDLY Special Committee,
the potential risks associated with the MDLY Merger Agreement and the transactions that had been contemplated thereby, including
the MDLY Merger, were favorably offset by the potential benefits of the MDLY Merger Agreement and the transactions that had been
contemplated thereby, including the MDLY Merger. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"> d. </TD><TD> <U><A NAME="b_003"></A>Phase 2&mdash;Background of the Mergers</U> </TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-indent: -0.25in"> <FONT STYLE="text-decoration: none">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> As noted above,
the solicitation of proxies for the approval of the MCC Merger Agreement and the MDLY Merger Agreement began on December 21, 2018,
when the Sierra Joint Proxy Statement/Prospectus was first mailed to the stockholders of the Companies. The special meetings of
stockholders of each of the Companies in connection with the approval of the Mergers were initially scheduled to be held on February
8, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 8,
2019, each of the special meetings of stockholders of Sierra, MCC, and MDLY were convened and adjourned without any business being
conducted, other than the adjournment of such meeting to March 8, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 8, 2019,
each of the special meetings of stockholders of Sierra, MCC, and MDLY were convened and adjourned without any business being conducted,
other than the adjournment of such meeting to March 15, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 11, 2019,
the Delaware Court of Chancery issued the Delaware Decision in connection with the MCC Stockholder Action. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 15, 2019,
each of the special meetings of stockholders of Sierra, MCC, and MDLY were convened and adjourned without any business being conducted,
other than the adjournment of such meeting to March 29, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 80; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->72<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 29, 2019,
each of the special meetings of stockholders of Sierra, MCC, and MDLY were convened and adjourned without any business being conducted,
other than the adjournment of such meeting to April 19, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 31, 2019,
each of the MCC Merger Agreement and MDLY Merger Agreement became terminable pursuant to their terms by any of the parties thereto
in light of the fact that neither the MCC Merger nor the MDLY Merger had been consummated. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 18, 2019,
Sierra, MCC and MDLY announced that they had postponed the special meetings of stockholders relating the approval of the Mergers,
and that the parties would continue to negotiate the terms of the Mergers in good faith and in the best interests of their respective
stockholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> As noted above,
during Phase 1, MDLY entered into 24 confidentiality agreements in connection with its consideration of a potential strategic
transaction or sale of Medley Advisors&rsquo; asset management business in order to protect the information of MDLY and its affiliates,
and to ensure the integrity of the strategic review process. In that regard, the potential bidders agreed, among other things,
to keep the information they received confidential and to abide by customary &ldquo;standstill&rdquo; provisions relating to MDLY,
its subsidiaries, Sierra and MCC. Under those standstill provisions, potential bidders agreed, except as requested or consented
to by MDLY, not to take certain actions regarding strategic transactions or management or control of MDLY, its subsidiaries, Sierra
or MCC and, subject to an exception to permit confidential requests for waivers following the public announcement of an acquisition
transaction, not to request waivers of those standstill provisions, in each case during the relevant standstill period. On April
29, 2019, MDLY sent letters to each bidder whose standstill period had not yet expired and released such bidders from all provisions
of the confidentiality agreement that would have inhibited or restricted the participation in MCC&rsquo;s exploration of strategic
alternatives. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 8, 2019,
the MCC Board authorized the MCC Special Committee to retain an independent investment bank of the MCC Special Committee&rsquo;s
choosing for the purpose of soliciting strategic alternatives for MCC upon either the amendment or waiver of the MCC Merger Agreement,
as contemplated by the Term Sheet, or the termination of the MCC Merger Agreement, which strategic alternatives could, at the
discretion of the MCC Special Committee, be recommended to the MCC Board for approval or rejection thereof. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 29, 2019,
MCC commenced the 60 day &ldquo;go-shop&rdquo; period provided for in Amended MCC Merger Agreement, which &ldquo;go-shop&rdquo;
period will expire on September 27, 2019. The MCC Special Committee retained Houlihan Lokey to assist it in soliciting, evaluating
and potentially entering into negotiations with parties that offer competing proposals, as defined in the Amended MCC Merger Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Set forth below
is a discussion that covers various alternative proposals submitted to MCC, MDLY and Sierra. In addition, the discussion describes
the terms of the Settlement, and the process undertaken by each of the Sierra Special Committee, the MCC Special Committee and
the MDLY Special Committee and an analysis of the various factors that formed the basis of each committee&rsquo;s decision and
analysis of the various factors that formed the basis of each committee&rsquo;s decision to recommend the approval of the Amended
MCC Merger Agreement, including the transactions contemplated thereby, and the Amended MDLY Merger Agreement, including the transactions
contemplated thereby, to its respective board of directors. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <B>i.</B> </TD><TD> <B><U>Phase 2 &mdash; Alternative
                                         Proposals</U></B> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> As noted above,
on July 29, 2019, MCC commenced a 60 day &ldquo;go-shop&rdquo; period that will expire on September 27, 2019. The proposals described
under the headings &ldquo;Proposals to MCC&rdquo;, &ldquo;Proposals to MDLY&rdquo; and &ldquo;Proposals to Sierra&rdquo; set forth
the indications of interest and other strategic proposals received by each of MCC, MDLY and Sierra from various bidders during
Phase 1 through July 29, 2019. In order to preserve the integrity of the go-shop process, the disclosure below does not include
any proposals that may have been received by MCC, MDLY or Sierra after July 29, 2019. Following completion of the go-shop period,
the Amended Sierra Joint Proxy Statement/Prospectus will be updated to reflect the results of MCC&rsquo;s go-shop process and
to reflect any additional proposals that may have been submitted to Sierra or MDLY. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>&nbsp;</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>Proposals to MCC</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>ZAIS Proposal</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On January 3, 2019,
MCC received an unsolicited letter from ZAIS Group LLC (&ldquo;<B><I>ZAIS</I></B>&rdquo;), proposing, among other things, that
MCC appoint ZAIS as an investment adviser to replace MDLY to manage a sale or liquidation of MCC (the &ldquo;<B><I>ZAIS Proposal</I></B>&rdquo;).
On January 9, 2019, the MCC Special Committee, after consultation with Sandler O&rsquo;Neill and Kramer Levin, unanimously recommended
that the MCC Board determine, and, at a separate meeting held on January 14, 2019, the MCC Board determined that it is desirable
and in the best interests of MCC and the MCC Stockholders to decline to pursue the ZAIS Proposal. At the direction of the Board,
on January 24, 2019, MCC informed ZAIS, in a letter signed by Brook Taube, that MCC had rejected the ZAIS Proposal and cited the
provisions contained in Section 7.10 of the MCC Merger Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 14, 2019,
ZAIS sent an unsolicited letter to the MCC Special Committee in which it reiterated the ZAIS Proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 81; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->73<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Origami Proposal</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 4, 2018,
Origami Capital Partners, LLC (&ldquo;<B><I>Origami</I></B>&rdquo;) sent a letter to Marilyn Adler, a former Managing Director
of Medley Capital LLC, to express interest in purchasing 100% of Medley Capital Corporation&rsquo;s (including its affiliates)
interest in Medley SBIC Subsidiary. This letter was sent to Ms. Adler&rsquo;s personal email address and was not shared with anyone
else at MCC (see below &ldquo;Phase 2 &mdash; Merger Related Litigation&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 11,
2019, Origami issued a press release that included a non-binding indication of interest (the &ldquo;<B><I>Origami SBIC Indication
of Interest</I></B>&rdquo;) for an acquisition of the SBIC Subsidiary. The Origami SBIC Indication of Interest contemplated a
cash purchase of the SBIC Subsidiary for $45 million. The Origami SBIC Indication of Interest was non-binding and subject to conditions,
including due diligence review. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 13,
2019, Sierra, MCC and MDLY made supplemental disclosures to the Sierra Joint Proxy Statement/Prospectus related to the Merger
setting forth additional information about the Origami SBIC Indication of Interest. As set forth in the section entitled &ldquo;&mdash;
Phase 2 &mdash; Background of the Mergers &mdash; Phase 2 &mdash; Merger Related Litigation&rdquo; the Delaware Court of Chancery,
in the MCC Stockholder Action, ordered MCC to correct certain aspects of those supplemental disclosures. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 14,
2019, Origami sent an unsolicited letter to MCC in which it reiterated the Origami SBIC Indication of Interest. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 19,
2019, after consultation with Sandler O&rsquo;Neill and independent counsel, the MCC Special Committee, after deliberation and
discussion: (a) determined that it is desirable and in the best interests of MCC and the MCC Stockholders to decline to pursue
the Origami SBIC Indication of Interest and (b) unanimously recommended that the MCC Board determine, and, at a separate meeting,
the MCC Board (i) determined that it is desirable and in the best interests of MCC and the MCC Stockholders to decline to pursue
the Origami SBIC Indication of Interest, and (ii) authorized MCC to inform Origami of the MCC Board&rsquo;s determination to decline
to pursue the Origami SBIC Indication of Interest and key factors considered by the MCC Special Committee and the MCC Board in
connection with such determination. In that regard, on February 19, 2019, MCC sent a letter to Origami notifying it of the foregoing. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 21,
2019, Origami sent another unsolicited letter to MCC in which it reiterated the Origami SBIC Indication of Interest. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Moreover, effective
as of May 10, 2019, the SBIC Subsidiary fully repaid its outstanding SBA Debentures, and, in connection therewith, effective July
1, 2019, SBIC Subsidiary surrendered its SBIC license. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>NexPoint/Highland Communications</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The following is
the chronology of the material contacts and events involving NexPoint Advisors, L.P., an affiliate of Highland Capital Management
(&ldquo;<B><I>NexPoint/Highland</I></B>&rdquo;) up to the filing of MCC&rsquo;s definitive proxy statement, filed on May 9, 2019,
in connection with MCC&rsquo;s 2019 Annual Meeting of Stockholders (the &ldquo;<B><I>2019 MCC Annual Meeting</I></B>&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On January 24,
2019, NexPoint/Highland sent an unsolicited letter to the MCC Special Committee, proposing that, instead of consummating the Mergers,
MCC enter into an external advisory agreement with NexPoint/Highland (the &ldquo;<B><I>NexPoint/Highland Proposal 1</I></B>&rdquo;).
NexPoint/Highland did not provide any details regarding the incentive fee arrangement that would apply under the proposed advisory
agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On January 31,
2019, the MCC Special Committee unanimously recommended that the MCC Board determine, and, at a separate meeting, the MCC Board
unanimously determined, that it is desirable and in the best interests of the MCC and the MCC Stockholders to decline to pursue
the NexPoint/Highland Proposal 1. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On January 31,
2019, NexPoint/Highland sent another letter to the MCC Special Committee and the Sierra Special Committee, proposing that MCC
merge with Sierra and that NexPoint/Highland become the external asset manager of the combined entity (the &ldquo;<B><I>NexPoint/Highland
Proposal 2</I></B>&rdquo;). NexPoint/Highland did not provide any details regarding the incentive fee arrangement that would apply
under the proposed advisory agreement. The next day, NexPoint/Highland issued a press release publicly announcing the NexPoint/Highland
Proposal 2. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 82; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->74<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 2,
2019, MCC issued a press release announcing that, based on the recommendation of the MCC Special Committee, the MCC Board unanimously
determined that it is desirable and in the best interests of MCC and the MCC Stockholders to decline to pursue the NexPoint/Highland
Proposal 1. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 5,
2019, each of the MCC Special Committee and the Sierra Special Committee unanimously recommended that the MCC Board and the Sierra
Board, respectively, determine, and, at separate meetings, each of the MCC Board and the Sierra Board unanimously determined,
that it is desirable and in the best interests of MCC and Sierra and their respective stockholders to decline to pursue the NexPoint/Highland
Proposal 2. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 5,
2019, NexPoint/Highland issued a press release in which they urged stockholders to vote against the MCC Merger and discussed the
NexPoint/Highland Proposal 2. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 6,
2019, MCC and Sierra issued a joint press release announcing that their respective boards of directors had unanimously determined
to decline to pursue the NexPoint/Highland Proposal 2. The press release described the factors the MCC Special Committee and the
Sierra Special Committee considered in making their recommendations to their respective board of directors, which included the
views of the MCC Special Committee and the Sierra Special Committee that: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> NexPoint/Highland&rsquo;s claim
                                         that its proposal provides $225 million of incremental value over the Mergers is unsubstantiated
                                         and misleading; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> NexPoint/Highland&rsquo;s proposal
                                         deprives stockholders of the expected benefits of becoming an internally managed BDC,
                                         which include the opportunity to potentially grow third-party assets under management
                                         as well as the potential for an improved market valuation as an internally managed BDC; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> NexPoint/Highland&rsquo;s proposal
                                         presents significant uncertainty to stockholders; and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> NexPoint and its affiliate Highland
                                         Capital Management have a concerning track record as fiduciaries. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 15,
2019, MCC issued an investor presentation that highlighted the factors considered by the MCC Board in approving the MCC Merger,
provided a timeline of NexPoint/Highland&rsquo;s proposals and MCC&rsquo;s responses and highlighted each component of NexPoint/Highland&rsquo;s
claim that its proposal provides $225 million of net value that the MCC Board determined to be misleading and inaccurate. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Also, on February
15, 2019, MCC issued a press release containing a letter, dated February 14, 2019, to Institutional Shareholder Services from
MCC&rsquo;s lead independent director on behalf of the MCC Special Committee discussing the factors for the MCC Special Committee&rsquo;s
recommendation that the MCC Board decline to pursue the NexPoint/Highland proposals. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 25,
2019, NexPoint/Highland issued a press release urging the MCC Stockholders to vote against the Mergers. NexPoint/Highland indicated
its desire to nominate individuals to the MCC Board at the 2019 MCC Annual Meeting if the Mergers do not receive the requisite
stockholder approval. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Also, on February
25, 2019, NexPoint/Highland filed a preliminary proxy statement with the SEC in connection with MCC&rsquo;s special meeting of
stockholders, urging stockholders to vote against the Mergers. In that filing, NexPoint/Highland indicated its desire to nominate
individuals to the MCC Board at the 2019 MCC Annual Meeting if the Mergers did not receive the requisite stockholder approval.
However, NexPoint/Highland provided no additional information about such nominees, including their names or their qualifications. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 83; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->75<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 28,
2019, NexPoint/Highland issued a press release urging MCC Stockholders to vote against the Mergers. In its press release, NexPoint/Highland
acknowledged having an interest in the matters to be acted on at MCC&rsquo;s special meeting of stockholders in light of its intention
to nominate two directors at the 2019 MCC Annual Meeting if the Mergers did not receive the requisite stockholder approval. Attached
to the press release was an open letter addressed to the Chairman of the MCC Board noting that an investment vehicle affiliated
with NexPoint, Highland Select Equity Master Fund, L.P. (&ldquo;<B><I>Highland Select</I></B>&rdquo;), had issued a demand to
MCC to make certain of its books and records available for inspection. The stated purpose of Highland Select&rsquo;s request was
to investigate purported potential wrongdoing in the adjournment of MCC&rsquo;s special meeting of stockholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 7, 2019,
NexPoint/Highland filed a definitive proxy statement with the SEC in connection with the special meeting of stockholders urging
stockholders to vote against the Mergers. In that filing, NexPoint indicated its desire to nominate individuals to the MCC Board
at the 2019 MCC Annual Meeting if the Mergers did not receive the requisite stockholder approval. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 27, 2019,
Highland Select delivered its Notice of Stockholder Nomination of Individuals for Election to the Board. The notice informed MCC,
among other things, of NexPoint/Highland&rsquo;s intent to nominate (i) Mark T. Goglia and (ii) Stephen A. Mongillo as director
candidates for election to the MCC Board at the 2019 MCC Annual Meeting. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 1, 2019,
NexPoint/Highland sent a letter to the MCC Special Committee in which, among other things, it proposed certain modifications to
the NexPoint/Highland Proposal 2, but the modified proposal was otherwise substantially similar to the NexPoint/Highland Proposal
2. On the same day, NexPoint/Highland issued a press release urging the MCC Special Committee to consider the modified NexPoint/Highland
Proposal&nbsp;2. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 1, 2019,
NexPoint/Highland filed a preliminary proxy statement with the SEC in connection with the 2019 MCC Annual Meeting urging MCC Stockholders
to vote for NexPoint/Highland&rsquo;s competing slate of two director nominees. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 9, 2019,
NexPoint/Highland called the Chair of the MCC Special Committee to request that MCC delay any further proceedings in the litigation
pending in the United States District Court for the Southern District of New York captioned Medley Capital Corporation v. FrontFour
Capital Group LLC, et al., No. 1:19-cv-02055-LTS (S.D.N.Y.), which alleges, among other things, that NexPoint/Highland engaged
in unlawful solicitation activities in connection with the Mergers. Following conversations with Management regarding the lawsuit,
on July 11, 2019, NexPoint/Highland sent a letter to the MCC Special Committee again requesting that MCC delay any further proceedings
in its lawsuit against NexPoint/Highland. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Marathon Proposal</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 1, 2019,
MCC received from Marathon Asset Management (&ldquo;<B><I>Marathon</I></B>&rdquo;) a letter proposing, among other things, that
MCC and Sierra terminate the Merger Agreements and each enter into an external investment advisory agreement with Marathon to
replace MDLY as investment adviser (the &ldquo;<B><I>Marathon Proposal</I></B>&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 5, 2019,
the MCC Special Committee unanimously recommended that the Board determine, and, at a separate meeting, the Board unanimously
determined, that it was desirable and in the best interests of MCC and its stockholders to decline to pursue the Marathon Proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 22, 2019,
Marathon filed a preliminary proxy statement seeking to call a special meeting of stockholders of MCC to approve the Marathon
Proposal and to solicit votes against the Mergers. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 27, 2019,
Marathon sent a letter to the MCC Special Committee in which it reiterated the Marathon Proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Notwithstanding
the foregoing, Marathon did not pursue a proxy solicitation. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I></I></B></P>

<!-- Field: Page; Sequence: 84; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->76<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>&nbsp;</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>Proposals to MDLY</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>On February
5, 2019, Sierra, MCC and MDLY made supplemental disclosures to the Sierra Joint Proxy Statement/Prospectus related to the Mergers.
In that regard, information concerning the Mergers set forth in the Sierra Joint Proxy Statement/Prospectus was supplemented by
the information set forth below. Except as specifically supplemented by the information contained below, all information set forth
in the Sierra Joint Proxy Statement/Prospectus, and the section entitled &ldquo;Phase 1 &mdash; Background of the Mergers&rdquo;
herein, remains unchanged. </I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Below are terms
of each non-binding indication of interest received by MDLY. The range of indicated stock and cash consideration per share of
MDLY Class A Common Stock, to the extent specified, was $5.00 to $9.00 per share. This excludes any additional value attributed
to the Tax Receivable Agreement liability, to which certain bidders attribute as much as $145 million incremental value. For further
information on the Tax Receivable Agreement, please refer to page 31 of MDLY&rsquo;s most recent 10-K for the fiscal year ended
December 31, 2017, filed March 29, 2018, which is available in the investor relations section of the mdly.com website and also
on file with the SEC. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The consideration
contemplated by the non-binding indications of interest compares to the MDLY Class A Common Stock merger consideration in the
contemplated transaction of $6.80 per share with a mix of 40% stock and 60% cash (dollar equivalent based on the pro forma Combined
Company&rsquo;s NAV per share of $7.06 as of September 30, 2018). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> MDLY ran two separate
processes seeking indications of interest regarding potential strategic transactions: one in which preliminary bids were received
in July 2017, with final bids due in August 2017; and a second in which preliminary bids were received in late November/early
December of 2017, with final bids due in January 2018. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In total, MDLY
received eighteen non-binding indications of interest from twelve parties, including indications of interest for MDLY and for
its assets. According to the various bidders, these indications of interest included the following metrics: (i) a purchase price
per share ranging from $5.00 to $9.00, (ii) a premium over the then-market price of MDLY Class A Common Stock ranging from 25%
to 47%, (iii) an equity value ranging from $147 million to $280 million, and (iv) an enterprise value ranging from $250 million
to $450 million. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> However, the two
indications of interest from Bidder 1 and Bidder 2 submitted in July 2017 were preliminary in nature and no final proposals were
submitted. Of the ten parties who submitted preliminary indications of interest in November and December of 2017, only one (Bidder
X) submitted an indication of interest in the second round of that process. Moreover, as discussed below, negotiations with Bidder
X did not result in an actionable transaction, and a number of issues remained unresolved when negotiations terminated. As a result,
because each of the proposals submitted were non-binding, included various conditions and carve-outs, involved different forms
of consideration (some of which was contingent), and in all but one case did not move to the point where documentation was discussed
or deal terms negotiated, MDLY believes it is impracticable and speculative to assign a particular value to any of the proposals
described below. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 19, 2017,
Bidder 1 submitted a preliminary, non-binding indication of interest for the acquisition of MDLY in an all cash transaction. According
to Bidder 1, the indication of interest contemplated a purchase price of $8.74 per share, a premium of approximately 30% over
the then-market price of MDLY Class A Common Stock, and an enterprise value of $325 million. The indication of interest did not
provide an implied equity value. Bidder 1 did not specify treatment of the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 19, 2017,
Bidder 2 submitted a preliminary, non-binding indication of interest for an acquisition of the fully-diluted equity of MDLY. According
to Bidder 2, the indication of interest contemplated a purchase price of $8.05 &ndash; $8.53 per share, a premium of 25% &ndash;
32% over the then 20-day volume weighted average price of MDLY Class A Common Stock, and an equity value of $250 million &ndash;
$265 million. The indication of interest contemplated that the consideration would be paid through a combination of $50 million
in cash and $200 million &ndash; $215 million in the form of stock in the Combined Company. The indication of interest did not
provide an implied enterprise value. The price per share includes satisfaction of MDLY&rsquo;s liabilities to the unit holders
under the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 24, 2017,
Bidder 2 submitted a revised, non-binding indication of interest for an acquisition of MDLY in an all-cash transaction. According
to Bidder 2, the indication of interest contemplated a purchase price of $8.50 &ndash; $9.00 per share, a premium of 30% &ndash;
38% over the then 20-day volume weighted average price of MDLY Class A Common Stock, and an equity value of $264 million &ndash;
280 million. The indication of interest contemplated that the consideration would be paid through a combination of $50 million
in cash and $214 million &ndash; $230 million in retained equity in the Combined Company. The indication of interest did not provide
an implied enterprise value. The price per share did not include satisfaction of MDLY&rsquo;s liabilities to the unit holders
under the Tax Receivable Agreement, which would have survived the transaction. Payments in addition to the price per share would
have been due to the unit holders under the terms of the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On November 28,
2017, Bidder 3 submitted a preliminary, non-binding indication of interest for the acquisition of MDLY in an all-cash transaction.
According to Bidder 3, the indication of interest contemplated an enterprise value of $300 million &ndash; $320 million and the
acquisition of at least 51% of the equity of MDLY. The indication of interest did not provide an implied purchase price per share,
premium over the then-market price of MDLY Class A Common Stock, or equity value. The price per share includes satisfaction of
MDLY&rsquo;s liabilities to the unit holders under the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On November 28,
2017, Party X submitted a preliminary, non-binding indication of interest for an acquisition of MDLY in an all-cash transaction.
According to Party X, the indication of interest contemplated a purchase price of $275 million at $8.90 per share and an enterprise
value of $344 million. The indication of interest did not provide an implied premium over the then-market price of MDLY Class
A Common Stock or equity value. The price per share did not include satisfaction of MDLY&rsquo;s liabilities to the unit holders
under the Tax Receivable Agreement. Payments in addition to the price per share to the unit holders on account of the Tax Receivable
Agreement were to be negotiated. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 85; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->77<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On November 28,
2017, Bidder 4 submitted a preliminary, non-binding indication of interest for the acquisition of MDLY in an all-cash transaction.
According to Bidder 4, the indication of indication of interest contemplated a purchase price of $7.35 &ndash; $8.40 per share,
an equity value of $226 million &ndash; $259 million, and an enterprise value of $303 million &ndash; $335.2 million. The indication
of interest did not provide an implied premium over the then-market price of MDLY Class A Common Stock. The price per share did
not include satisfaction of MDLY&rsquo;s liabilities to the unit holders under the Tax Receivable Agreement. Payments in addition
to the price per share to the unit holders on account of the Tax Receivable Agreement were to be 85% of the tax benefit actually
realized by MDLY. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On November 28,
2017, Bidder 5 submitted a preliminary, non-binding indication of interest for an acquisition of MDLY. The indication of interest
contemplated consideration in the form of cash and stock from Bidder 5, with up to 25% &ndash; 50% of the consideration in cash.
According to Bidder 5, the indication of interest contemplated a purchase price of $7.00 &ndash; 7.50 per share and an equity
value of $205 million &ndash; $220 million. The indication of interest did not provide an implied enterprise value or premium
over the then-market price of MDLY Class A Common Stock. The price per share did not include satisfaction of MDLY&rsquo;s liabilities
to the unit holders under the Tax Receivable Agreement. Payments in addition to the price per share to the unit holders on account
of the Tax Receivable Agreement were to be 85% of the tax benefit actually realized by MDLY. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On November 28,
2017, Bidder 6 submitted a preliminary, non-binding indication of interest for an acquisition of MDLY in an all-cash transaction.
According to Bidder 6, the indication of interest contemplated an enterprise value of $330 &ndash; $380 million. The indication
of interest did not provide an implied purchase price per share, premium over the then-market price of MDLY Class A Common Stock,
or equity value. The price per share did not include satisfaction of MDLY&rsquo;s liabilities to the unit holders under the Tax
Receivable Agreement. Payments in addition to the price per share to the unit holders on account of the Tax Receivable Agreement
were to be negotiated. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On November 30,
2017, Bidder 7 submitted a preliminary, non-binding indication of interest for the acquisition of MDLY in an all cash transaction.
According to Bidder 7, the indication of indication of interest contemplated an enterprise value of $250 million. The indication
of interest did not provide an implied purchase price per share, premium over the then-market price of MDLY Class A Common Stock,
or equity value. The price per share did not include satisfaction of MDLY&rsquo;s liabilities to the unit holders under the Tax
Receivable Agreement, which would have survived the transaction. Payments in addition to the price per share would have been due
to the unit holders under the terms of the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On December 3,
2017, Bidder 8 submitted a preliminary, non-binding indication of interest for the acquisition of MDLY in an all-cash transaction.
According to Bidder 8, the indication of interest contemplated a purchase price of $8.25 per share, a premium of 35% over the
then 20-day volume weighted average price of MDLY Class A Common Stock, and an equity value of $242 million. The indication of
interest did not provide an implied enterprise value. Bidder 8 did not specify treatment of the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On December 4,
2017, Bidder 9 submitted a preliminary, non-binding indication of interest for the acquisition of MDLY in an all-cash transaction.
According to Bidder 9, the indication of interest contemplated an enterprise value of $450 million and an equity value of $241.2
million. The indication of interest did not provide an implied purchase price per share or premium over the then-market price
of MDLY Class A Common Stock. Bidder 9 assumed an &ldquo;approximate liability of $145 million associated with obligations resulting
from the Tax Receivable Agreement.&rdquo; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On January 10,
2018, Party X submitted a revised, non-binding indication of interest for an acquisition of MDLY. The indication of interest indicated
that (i) the purchaser would be a newly formed shell corporation, and (ii) Party X was continuing to review the optimal structure
for the transaction, but indicated a strong preference for an asset purchase transaction that would leave certain assets and liabilities
with MDLY. According to Party X, the indication of interest contemplated a purchase price of $244 million at $7.98 per share,
and an enterprise value of $300 million. The indication of interest contemplated that the consideration would be paid through
a combination of $138.3 million in cash from Bidder X (a unspecified portion of which would be borrowed), $60.7 million of assumed
cash and cash equivalents from MDLY&rsquo;s balance sheet, and $50 million of seller financing on terms to be determined. Bidder
X further indicated that it anticipated that the Tax Receivable Agreement would be terminated at closing without the payment of
consideration, and that the seller financing could be reduced in satisfaction of any indemnification obligations. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 5,
2018, Party X submitted a revised, non-binding indication of interest for an acquisition of substantially all of the assets used
in the operation of MDLY. According to Party X, the indication of interest contemplated a purchase price of $313 million, subject
to certain adjustments. The indication of interest contemplated that the purchase price would be paid through a combination of
$151.3 million in cash (a portion of which would be borrowed), $45 million in a promissory note issued to MDLY, and the assumption
of MDLY&rsquo;s existing senior secured indebtedness. The indication of interest indicated that the Tax Receivable Agreement would
not be assumed and that no consideration would be paid by Bidder X in connection with the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 9,
2018, Party X submitted a revised, non-binding indication of interest for an acquisition of substantially all of the assets used
in the operation of MDLY. According to Party X, the indication of interest contemplated a purchase price of $313 million, subject
to certain adjustments, plus the amount of net working capital as of the closing. The indication of interest contemplated that
the purchase price (excluding net working capital) would be paid through a combination of $151.3 million in cash (a portion of
which would be borrowed), $45 million in a promissory note issued to MDLY and payable by the acquisition subsidiary, and the assumption
of MDLY&rsquo;s existing senior secured indebtedness. The indication of interest stated that certain assets (estimated by Bidder
X to equal approximately $47.7 million), as well as the Tax Receivable Agreement, would be excluded from the transaction. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In addition, the
indication of interest indicated that Bidder X would not assume any liabilities of MDLY, other than MDLY&rsquo;s existing senior
indebtedness, MDLY&rsquo;s lease, liabilities included within the definition of working capital and liabilities expressly agreed
to by Bidder X. The terms of the seller financing were to be determined, but Bidder X indicated that it would be unsecured and
subordinated to senior debt assumed by Bidder X, and the amount of the promissory note could be reduced in satisfaction of any
indemnification obligations owed to Bidder X. Bidder X further indicated that it would not assume any liability under the Tax
Receivable Agreement and that no consideration would be paid by Bidder X in connection with the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 86; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->78<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 15, 2018,
Party X submitted a revised, non-binding update to its indication of interest for an acquisition of substantially all of the assets
used in the operation of MDLY. According to Party X, the indication of interest contemplated a purchase price of $290 million,
subject to certain adjustments, plus the amount of net working capital as of the closing. The indication of interest contemplated
that the purchase price (excluding net working capital) would be paid through a combination of $128.3 million in cash (a portion
of which would be borrowed), $45.3 million in the form of a promissory note issued to MDLY by the acquisition subsidiary, and
the assumption of MDLY&rsquo;s existing senior secured indebtedness. The update identified certain subsidiaries that would not
be acquired and certain additional conditions to closing, including SBA approval. The updated indication of interest also reflected
Bidder X&rsquo;s preference for a reverse termination fee in the event Bidder X could not obtain financing for the transaction. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 19, 2018,
Party X submitted a revised, non-binding update to its indication of interest for an acquisition of substantially all of the assets
used in the operation of MDLY. According to Party X, the indication of interest contemplated that the purchase price would be
paid through a combination of $151.3 million in cash (a portion of which would be borrowed) and $30 million in a promissory note
issued to MDLY by the acquisition subsidiary, subject to certain adjustments, plus the acquisition of the net working capital
of Medley LLC at $0.90 per $1.00 of net working capital. The updated indication of interest included a further potential adjustment
relating to certain portfolio assets of MCC, a clarification of excluded assets and liabilities, and specifying certain conditions
to closing. Although the parties engaged in further negotiations regarding the proposal, a significant number of items were unresolved,
and Bidder X indicated that it was terminating discussions. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> More than five
months after the final bid deadline, MDLY received two unsolicited non-binding indications of interest. Neither party completed
meaningful diligence, nor evidenced their financial capabilities to consummate a transaction. The details of the two non-binding
indications of interest are as follows: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 22, 2018,
Bidder 10 submitted a preliminary, non-binding indication of interest for an acquisition of 100% of the outstanding Class A and
Class B Common Stock of MDLY and the outstanding limited liability company units of Medley LLC not owned by MDLY. According to
Bidder 10, the indication of interest contemplated a purchase price of $5.00 per share, a premium of 47%&nbsp;over the then-market
price of MDLY Class A Common Stock, and an equity value of $147 million. The indication of interest contemplated that the consideration
would be paid in the form of (i) $106.6 million in cash to stockholders of MDLY and holders of limited liability company units
of Medley LLC and (ii) payments in satisfaction of the Tax Receivable Agreement and for certain consulting services with a net
present value of $40.4 million. The indication of interest did not provide an implied an enterprise value. Bidder 10 did not specify
treatment of the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 30, 2018,
Party Y submitted a preliminary, non-binding indication of interest for the acquisition of MDLY in an all-cash transaction. According
to Party Y, the indication of indication of interest contemplated a purchase price of $256 million at $5.09 per share (net of
debt and estimated cash balances), and a premium of 38% &ndash; 39% over the then-market price of MDLY Class A Common Stock. The
indication of interest did not provide an implied enterprise value or equity value. Party Y did not specify treatment of the Tax
Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Additional Detail Regarding MDLY Projections</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The MDLY Projections
in the Sierra Joint Proxy Statement/Prospectus include forecasted revenue that is attributable to (i) MCC, (ii) SIC, and (iii)
other MDLY advisory clients. The forecasted revenues attributable to other MDLY advisory clients include projections attributable
to existing and new advisory clients. The existing advisory clients to which revenue is attributable include Institutional SMA
and Long-Dated Funds, SMA9, Sierra Opportunity Fund (&ldquo;<B><I>SOF</I></B>&rdquo;), Sierra Total Return Fund (&ldquo;<B><I>STRF</I></B>&rdquo;),
and Medley Credit Opportunity Fund. The new advisory clients to which revenue is attributable include Medley Tactical Opportunity
Fund, Medley Senior Loan Strategy Fund, Sierra Commercial Real Estate Fund, and Sierra Real Estate Interval Fund. Below is the
summary of MDLY&rsquo;s projections included in the Sierra Joint Proxy Statement/Prospectus that was first mailed to the stockholders
of the Companies on December 21, 2018: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp;&nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1.5pt solid"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">($
    in millions)</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2018E</B></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019E</B></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020E</B></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2021E</B></FONT> </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Revenue</B></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD COLSPAN="2"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD COLSPAN="2"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD COLSPAN="2"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD COLSPAN="2"> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 52%; padding-left: 10pt; text-indent: -10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
    Capital Corporation</FONT> </TD>
    <TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="width: 1%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT> </TD>
    <TD STYLE="width: 9%; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.7</FONT> </TD>
    <TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="width: 1%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT> </TD>
    <TD STYLE="width: 9%; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.5</FONT> </TD>
    <TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="width: 1%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT> </TD>
    <TD STYLE="width: 9%; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.5</FONT> </TD>
    <TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="width: 1%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT> </TD>
    <TD STYLE="width: 9%; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.5</FONT> </TD>
    <TD STYLE="width: 1%"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sierra
    Income Corporation</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.8</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.3</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.1</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.5</FONT> </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="border-bottom: black 1.5pt solid"> &nbsp; </TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.0</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="border-bottom: black 1.5pt solid"> &nbsp; </TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.5</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="border-bottom: black 1.5pt solid"> &nbsp; </TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29.5</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="border-bottom: black 1.5pt solid"> &nbsp; </TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">40.5</FONT> </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; padding-bottom: 4pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Base
    Management Fees</B></FONT> </TD>
    <TD STYLE="padding-bottom: 4pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 4pt double"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT> </TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48.5</FONT> </TD>
    <TD STYLE="padding-bottom: 4pt"> &nbsp; </TD>
    <TD STYLE="padding-bottom: 4pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 4pt double"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT> </TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">55.2</FONT> </TD>
    <TD STYLE="padding-bottom: 4pt"> &nbsp; </TD>
    <TD STYLE="padding-bottom: 4pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 4pt double"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT> </TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">64.1</FONT> </TD>
    <TD STYLE="padding-bottom: 4pt"> &nbsp; </TD>
    <TD STYLE="padding-bottom: 4pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 4pt double"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT> </TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">76.5</FONT> </TD>
    <TD STYLE="padding-bottom: 4pt"> &nbsp; </TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> Note: Numbers in table above may not
sum due to rounding. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>

<!-- Field: Page; Sequence: 87; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->79<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> Below is detail on what is included
in the &ldquo;Other&rdquo; line item in the table above: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-bottom: Black 1.5pt solid"> ($ in millions) </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1.5pt solid"> <FONT STYLE="font-size: 10pt"><B>2018E</B></FONT> </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1.5pt solid"> <B>2019E </B> </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1.5pt solid"> <B>2020E</B> </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1.5pt solid"> <B>2021E</B> </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold"> Detail: Line Item &ldquo;Other&rdquo; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: italic"> Existing Advisory Clients: </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 52%; font-size: 10pt; text-align: left; text-indent: -10pt; padding-left: 10pt"> Institutional SMA and
    Long-Dated Funds </TD><TD STYLE="width: 1%; font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="width: 9%; font-size: 10pt; text-align: right"> 13.3 </TD><TD STYLE="width: 1%; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="width: 1%; font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="width: 9%; font-size: 10pt; text-align: right"> 14.7 </TD><TD STYLE="width: 1%; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="width: 1%; font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="width: 9%; font-size: 10pt; text-align: right"> 17.3 </TD><TD STYLE="width: 1%; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="width: 1%; font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="width: 9%; font-size: 10pt; text-align: right"> 20.1 </TD><TD STYLE="width: 1%; font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-indent: -10pt; padding-left: 10pt"> SMA 9 </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 0.6 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 1.1 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 1.1 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 1.1 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-indent: -10pt; padding-left: 10pt"> SOF/STRF </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 0.1 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 0.8 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 2.1 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 3.7 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 10pt"> Medley Credit
    Opportunity Fund </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 0.9 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 2.2 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 3.1 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 4.1 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -10pt; padding-left: 20pt"> Subtotal Existing Advisory Clients </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="font-size: 10pt; text-align: right"> 14.9 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="font-size: 10pt; text-align: right"> 18.8 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="font-size: 10pt; text-align: right"> 23.6 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="font-size: 10pt; text-align: right"> 29.0 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: italic; text-align: left; text-indent: -10pt; padding-left: 10pt"> New
    Advisory Clients: </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -10pt; padding-left: 10pt"> Medley Tactical Opportunity Fund </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="font-size: 10pt; text-align: right"> 0.0 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="font-size: 10pt; text-align: right"> 1.6 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="font-size: 10pt; text-align: right"> 2.8 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="font-size: 10pt; text-align: right"> 4.4 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -10pt; padding-left: 10pt"> Medley Senior Loan Strategy Fund </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 0.1 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 1.1 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 2.8 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 5.3 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -10pt; padding-left: 10pt"> Sierra Commercial Real Estate Fund </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 0.0 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 0.0 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 0.0 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; text-align: right"> 0.3 </TD><TD STYLE="font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 10pt"> Sierra Real
    Estate Interval Fund </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 0.0 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 0.0 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 0.3 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 1.6 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 20pt"> Subtotal New
    Advisory Clients </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 0.1 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 2.7 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 5.9 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; padding-bottom: 1.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: justify"> $ </TD><TD STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"> 11.5 </TD><TD STYLE="padding-bottom: 1.5pt; font-size: 10pt; text-align: justify"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 4pt; text-indent: -10pt; padding-left: 10pt"> Total:
    Line Item &ldquo;Other&rdquo; </TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 4pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 4pt double; font-size: 10pt; font-weight: bold; text-align: justify"> $ </TD><TD STYLE="border-bottom: Black 4pt double; font-size: 10pt; font-weight: bold; text-align: right"> 15.0 </TD><TD STYLE="padding-bottom: 4pt; font-size: 10pt; font-weight: bold; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 4pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 4pt double; font-size: 10pt; font-weight: bold; text-align: justify"> $ </TD><TD STYLE="border-bottom: Black 4pt double; font-size: 10pt; font-weight: bold; text-align: right"> 21.5 </TD><TD STYLE="padding-bottom: 4pt; font-size: 10pt; font-weight: bold; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 4pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 4pt double; font-size: 10pt; font-weight: bold; text-align: justify"> $ </TD><TD STYLE="border-bottom: Black 4pt double; font-size: 10pt; font-weight: bold; text-align: right"> 29.5 </TD><TD STYLE="padding-bottom: 4pt; font-size: 10pt; font-weight: bold; text-align: justify"> &nbsp; </TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 4pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 4pt double; font-size: 10pt; font-weight: bold; text-align: justify"> $ </TD><TD STYLE="border-bottom: Black 4pt double; font-size: 10pt; font-weight: bold; text-align: right"> 40.5 </TD><TD STYLE="padding-bottom: 4pt; font-size: 10pt; font-weight: bold; text-align: justify"> &nbsp; </TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> Note: Numbers in table above may not
sum due to rounding. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Medley Seed Funding I, Medley Seed Funding II, and Medley
Seed Funding III LLC</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Medley LLC&rsquo;s
only relationship with Fortress relates to the Joint Venture (as defined below) between Medley LLC and the Investors as described
below. Fortress has no recourse against Medley LLC with respect to the Joint Venture or otherwise, other than certain redemption
rights relating to each party&rsquo;s interest in the Joint Venture. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> As described in
the Definitive Proxy Statement, Medley LLC holds 100% of the outstanding common interest, and DB MED Investor I LLC holds 100%
of the outstanding preferred interest in each of Medley Seed Funding I LLC (&ldquo;<B><I>MSF I</I></B>&rdquo;) and Medley Seed
Funding II LLC (&ldquo;<B><I>MSF II</I></B>&rdquo;). In addition, Medley LLC holds 100% of the outstanding common interest, and
DB MED Investor II LLC holds 100% of the outstanding Preferred Interest in Medley Seed Funding III LLC (&ldquo;<B><I>MSF III</I></B>&rdquo;).
DB MED Investor I LLC and DB MED Investor II LLC (collectively, the &ldquo;<B><I>Investors</I></B>&rdquo;) are indirectly owned
and controlled by investment funds advised by Fortress Credit Advisors (&ldquo;<B><I>Fortress</I></B>&rdquo;) and/or its affiliates. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In that regard,
on June 3, 2016, Medley LLC entered into a Master Investment Agreement (the &ldquo;<B><I>Master Agreement</I></B>&rdquo;) with
the Investors to invest up to $50 million in new and existing Medley LLC managed funds; i.e. MSF I, MSF II, and MSF III (the &ldquo;<B><I>Joint
Venture</I></B>&rdquo;). The terms of the Master Agreement were disclosed in a Form 8-K filed by MDLY on June 3, 2016, and in
Medley LLC&rsquo;s Registration Statement on Form S-1/A (File No. 333-212514) filed on July 28, 2016 (and filed as Exhibit 10.11
thereto). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Under the terms
of the Master Agreement, Medley LLC agreed to invest up to $10 million in exchange for common equity interests in the Joint Venture,
and the Investors agreed to invest up to $40 million in exchange for preferred equity interests in the Joint Venture. In addition,
on account of the preferred equity interests, the Investors are entitled to receive an 8% preferred distribution, 15% of the Joint
Venture&rsquo;s profits, and up to 8% of the net advisory revenues from one of Medley LLC&rsquo;s subsidiaries. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Specifically, the
Joint Venture effectuated the formation of (i) MSF I for the purpose of acquiring common stock of MCC, (ii) MSF II for the purpose
of acquiring common stock of STRF, and (iii) MSF III for the purpose of holding a certain equity interest in STRF Advisors LLC,
an affiliate of Medley LLC that will be the sole investment advisor to STRF. Other than the interests described above, there is
no loan or other obligations between Medley LLC (or any of its affiliates) and Fortress. Fortress has no recourse against Medley
LLC with respect to the Joint Venture or otherwise, other than certain redemption rights relating to each party&rsquo;s interest
in the Joint Venture. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Upon closing of
the Mergers or only the MDLY Merger, a Put Option Trigger Event (as defined in the Master Agreement) will occur because Brook
Taube and Seth Taube (directly or through their respective family members and family trusts) will have ceased to have the power
to vote or direct the vote of 50.1% or more of the voting power of the outstanding equity interests of Medley LLC. Upon the occurrence
of the Put Option Trigger Event, the Investors shall be entitled, at their unanimous option, to put the preferred interests described
above back to MSF I, MSF II, and MSF III, in accordance with the provisions set forth in the Master Agreement (the &ldquo;<B><I>Put
Option</I></B>&rdquo;).&nbsp;Upon the exercise of the Put Option by the Investors, Medley LLC shall cause MSF I and MSF II, jointly
and severally, to immediately redeem the MSF I preferred interest and the MSF II preferred interest either, at Medley LLC&rsquo;s
sole discretion, (i) in cash for an aggregate amount equal to a sum to be determined based upon an agreed upon formula set forth
in the Master Agreement, or (ii) through a distribution of cash, MCC Stock and STRF stock having a then fair market value that
is based on an&nbsp;agreed upon formula set forth in the Master Agreement. Medley LLC did not guarantee payment or performance
of any of the obligations of MSF I, MSF II or MSF III upon exercise of a Put Option by the Investors. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I></I></P>

<!-- Field: Page; Sequence: 88; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->80<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Additional Proposals to MDLY</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In addition to
the proposals described in the supplemental disclosures to the Sierra Joint Proxy Statement/Prospectus related to the Mergers
dated February 5, 2019, MDLY also received the following proposals from NexPoint/Highland and Lantern Capital Partners (&ldquo;<B><I>Lantern</I></B>&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 20, 2019,
NexPoint/Highland submitted a non-binding indication of interest for an acquisition of Medley LLC and MDLY. The indication of
interest indicated that NexPoint/Highland would (i) acquire all of the equity of Medley LLC for $20 million in the aggregate payable
in cash at closing, plus a right to share in 20% of MDLY&rsquo;s annual gross revenue, payable each year over a period of 10 years;
and (ii) acquire all of the MDLY Class A Common Stock (whether via merger or some other mechanism), with pro rata participation
for an amount of consideration, payable in cash at closing, equal to the present value of the total consideration to be paid to
the Medley LLC Unitholders. This proposal was, however, subject to both the MCC Board and the Sierra Board, and the respective
stockholders of MCC and Sierra, consenting to the change of control of MDLY and the continuation of the MCC Investment Management
Agreement and the Sierra Investment Advisory Agreement. In connection with such approvals, NexPoint Highland proposed that it
would agree to: (i) reduce the existing base management fees under both the MCC Investment Management Agreement and the Sierra
Investment Advisory Agreement to 1.25% per annum on the respective gross assets of MCC and Sierra, and reduce the incentive fee
to 15% on income and capital gains (although there was no mention of a hurdle rate); (ii) cap overhead expense reimbursement to
0.50% per annum on the respective gross assets of MCC and Sierra; (iii) pay a $10 million success fee to MCC and a $15 million
success fee to Sierra upon completion of the transaction; (iv) purchase at least $30 million worth of MCC Common Stock and $20
million worth of Sierra shares in the aggregate, one-third of which would be made during the 60 days following the transaction,
an additional one-third of which would be made during the following 90 days, and the final one-third of which would be made during
the following 90 days, in each case either in open market purchases at the then current market price, if below NAV, or directly
from the MCC or Sierra, as applicable, at NAV; and (v) alternatively, if the MCC Board and the Sierra Board continued to desire
to merge MCC and Sierra, to provide the same economics outlined above for the benefit of the surviving company. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The indication
of interest contemplated that the proposed transaction was not subject to a financing contingency. NexPoint/Highland also requested
that MDLY enter into a non-disclosure agreement to allow NexPoint/Highland to complete a high-level diligence review, pursuant
to which NexPoint/Highland would agree that the information received pursuant to the non-disclosure agreement could not be used
for any purpose other than negotiations between them and MDLY with respect to their proposal. On March 27, 2019, at a meeting
of the MDLY Board, Management, in their capacity as the Medley LLC Unitholders, indicated they would not support a sale of Medley
LLC on the terms proposed by Nexpoint/Highland. On March 30, 2019, the MDLY Special Committee discussed the NexPoint/Highland
proposal and Management&rsquo;s and the Medley LLC Unitholders&rsquo; views with respect thereto. Due to the Medley LLC Unitholders&rsquo;
lack of support for the proposal, which would be a condition precedent to the consummation of any such transaction, among other
reasons, the MDLY Special Committee determined not to engage with NexPoint/Highland. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 24, 2018,
Lantern Capital Partners (&ldquo;<B><I>Lantern</I></B>&rdquo;), an unaffiliated asset manager, and MDLY entered into a non-disclosure
agreement in connection with MDLY&rsquo;s consideration of strategic alternatives. Among other things, the non-disclosure agreement
prohibited Lantern from disclosing confidential information received from MDLY and its representatives and initiating, inducing,
encouraging or attempting to induce MCC or any funds advised by MDLY to terminate, amend, or otherwise modify their advisory agreements
with MDLY or enter into any advisory agreement with any person other than MDLY. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 30, 2018,
Lantern submitted a non-binding indication of interest for an acquisition of MDLY. The indication of interest indicated that (i)
the purchaser would be a newly formed special purpose entity, and (ii) Lantern would acquire all of the outstanding shares of
MDLY Class A Common Stock and all of the Medley LLC Units. According to Lantern, the indication of interest contemplated a purchase
price of $256 million at $5.09 per share, net of debt and estimated cash balances. The indication of interest contemplated that
the consideration would be paid in cash, with no financing contingency. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On August 21,
2018, Lantern sent an unsolicited email to a representative of MDLY. In the August 21 email, Lantern stated the following:
&ldquo;[g]iven the goal of merging the BDC, would it be useful if we offered to acquire the loans on non-accrual and put up
new capital?&rdquo; MDLY&rsquo;s Management promptly informed the MCC Special Committee of Lantern&rsquo;s email. The MCC
Special Committee considered the Lantern email in consultation with its independent legal and financial advisors, and
unanimously recommended that MCC decline to pursue the submission from Lantern at that time. As set forth in the section
entitled &ldquo;&mdash; Phase 2 &mdash; Background of the Mergers &mdash; Phase&nbsp;2 &mdash; Merger Related
Litigation,&rdquo; the Delaware Court of Chancery in the MCC Stockholder Action found that the MCC Board was not made aware
of certain details about Lantern&rsquo;s proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I></I></B></P>

<!-- Field: Page; Sequence: 89; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->81<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>Proposals to Sierra</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>NexPoint/Highland Communications</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On January 31,
2019, NexPoint/Highland sent the Sierra Special Committee a letter setting forth NexPoint/Highland Proposal 2. NexPoint/Highland
did not provide any details regarding the incentive fee arrangement that would apply under the proposed advisory agreement. The
next day, NexPoint/Highland issued a press release publicly announcing the NexPoint/Highland Proposal 2. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 5,
2019, the Sierra Special Committee unanimously recommended that the Sierra Board determine and, in a separate meeting, the Sierra
Board unanimously determined, that it is desirable and in the best interests of Sierra and the Sierra Stockholders to decline
to pursue the NexPoint/Highland Proposal 2. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 6,
2019, MCC and Sierra issued a joint press release announcing that their respective boards of directors had unanimously determined
to decline to pursue the NexPoint/Highland Proposal 2. The press release described the factors the MCC Special Committee and the
Sierra Special Committee considered in making their determinations to their respective board of directors, which included the
views of the MCC Special Committee and the Sierra Special Committee that: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> NexPoint/Highland&rsquo;s claim
                                         that its proposal provides $225 million of incremental value over the Mergers is unsubstantiated
                                         and misleading; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> NexPoint/Highland&rsquo;s proposal
                                         deprives stockholders of the expected benefits of becoming an internally managed BDC,
                                         which include the opportunity to potentially grow third-party assets under management
                                         as well as the potential for an improved market valuation as an internally managed BDC; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD> NexPoint/Highland&rsquo;s proposal
                                         presents significant uncertainty to stockholders; and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> NexPoint and its affiliate Highland
                                         Capital Management have a track record of concern as fiduciaries. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Marathon Proposal</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 4, 2019,
Marathon submitted to the Sierra Special Committee an unsolicited proposal that Sierra appoint Marathon as its investment adviser
to replace MDLY. The Sierra Special Committee and the Sierra Board, in consultation with their separate independent legal and
financial advisors, separately reviewed the Marathon proposal, and determined that it is in the best interests of Sierra and its
stockholders to decline to pursue the Marathon proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>ii.</B></FONT> </TD><TD> <B><U>Phase
                                         2 &mdash; Merger Related Litigation</U> </B> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Following the announcement
of the proposed Mergers, several lawsuits were filed seeking to enjoin their consummation and to recover damages. On January 11,
2019, MCC was named as a defendant in a lawsuit captioned <I>FrontFour Capital Group LLC and FrontFour Master Fund, Ltd. v. Medley
Capital Corporation</I>, filed in the Delaware Court of Chancery as C.A. No. 2019-0021-KSJM (the &ldquo;<B><I>FrontFour Section
220 Action</I></B>&rdquo;). MCC was also named as a defendant in a lawsuit captioned <I>Altman v. Medley Capital Corporation</I>,
filed on January 16, 2019, in the Delaware Court of Chancery as C.A. No. 2019-0031-KSJM (the &ldquo;<B><I>Altman Section 220 Action</I></B>,&rdquo;
and together with the FrontFour Section 220 Action, the &ldquo;<B><I>Section 220 Actions</I></B>&rdquo;). The plaintiffs in the
Section 220 Actions filed complaints seeking to inspect certain of MCC&rsquo;s books and records pertaining to the proposed Mergers
under Section 220 of the DGCL. On January 24, 2019, the Delaware Court of Chancery entered a stipulation and order governing MCC&rsquo;s
production of books and records. On January 28, 2019, MCC substantially completed its production of books and records in the Section
220 Actions. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On January 25,
2019, two purported class actions were commenced in the Supreme Court of the State of New York, County of New York, by alleged
stockholders of MCC, captioned, respectively, <I>Helene Lax v. Brook Taube, et al.</I>, Index No. 650503/2019, and <I>Richard
Dicristino, et al. v. Brook Taube, et al.</I>, Index No. 650510/2019 (together, the &ldquo;<B><I>New York Actions</I></B>&rdquo;).
The defendants named in each complaint were Brook Taube, Seth Taube, Jeffrey Tonkel, Arthur S. Ainsberg, Karin Hirtler-Garvey,
John E. Mack, Mark Lerdal, Richard T. Allorto, Jr., MCC, MDLY, Sierra, and Merger Sub. The complaints in each of the New York
Actions allege that the individuals named as defendants breached their fiduciary duties in connection with the MCC Merger and
that the other defendants aided and abetted those alleged breaches of fiduciary duties. Compensatory damages in unspecified amounts
are sought. On February 27, 2019, the New York Supreme Court entered a stipulated scheduling order requiring that defendants respond
to the complaints 45 days following the later of (a) the stockholder vote on the proposed MCC Merger and (b) plaintiffs&rsquo;
filing of a consolidated, amended complaint. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 90; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->82<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 11,
2019, the MCC Stockholder Action was commenced in the Delaware Court of Chancery by the plaintiffs in the FrontFour Section 220
Action, FrontFour Capital Group LLC and FrontFour Master Fund, Ltd. (together, &ldquo;<B><I>FrontFour</I></B>&rdquo;). The complaint
alleged that MCC&rsquo;s directors at that time (Brook Taube, Seth Taube, Jeff Tonkel, Mark Lerdal, Karin Hirtler-Garvey, John
E. Mack, and Arthur S. Ainsberg) breached their fiduciary duties to MCC&rsquo;s stockholders in connection with the MCC Merger
and that MDLY, Sierra, MCC Advisors, Medley Group LLC, and Medley LLC aided and abetted those alleged breaches of fiduciary duties.
On March 11, 2019, following a two-day trial, the Delaware Court of Chancery issued the Delaware Decision denying FrontFour&rsquo;s
requests to (i) permanently enjoin the MCC Merger and (ii) require MCC to conduct a &ldquo;shopping process&rdquo; for MCC on
terms proposed by FrontFour in its complaint. The Delaware Court of Chancery held that MCC&rsquo;s directors breached their fiduciary
duties in entering into the MCC Merger Agreement, but that FrontFour had failed to prove that Sierra aided or abetted those breaches
of fiduciary duties. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In the Delaware
Decision, the Delaware Court of Chancery ordered MCC to issue corrective disclosures consistent with the Delaware Decision and
enjoined a vote of MCC Stockholders on the proposed MCC Merger until the following disclosures have been made and MCC Stockholders
have had the opportunity to assimilate this information: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD> The MCC Special Committee had
                                         not been made aware, prior to the execution of the MCC Merger Agreement, of details of
                                         bids that third parties made for MDLY during MDLY&rsquo;s exploration of strategic transactions
                                         in 2017 and 2018 (as identified above under &ldquo;Phase 2 &mdash; Background of the
                                         Mergers &mdash; Proposals to MDLY&rdquo;); </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD> The MCC Special Committee had
                                         not been made aware, prior to the execution of the MCC Merger Agreement, that MDLY felt
                                         &ldquo;enormous pressure&rdquo; to enter into a transaction; and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> The MCC Special Committee had
                                         not been made aware, prior to the execution of the MCC Merger Agreement, of the existence
                                         of standstill agreements entered into by MDLY during MDLY&rsquo;s exploration of strategic
                                         transactions in 2017 and 2018 that prohibited potential transaction partners from presenting
                                         proposals directly to MCC without MDLY&rsquo;s consent. Those potential transaction partners
                                         included Lantern Asset Management LLC, which, in July 2018, made a non-binding, contingent
                                         expression of interest in &ldquo;potentially recapitalizing&rdquo; MCC and &ldquo;exploring
                                         alternatives for providing a significant cash infusion of new capital into MCC to the
                                         extent it is prudent,&rdquo; but was prohibited from making its proposal directly to
                                         MCC due to the standstill agreement. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Delaware Court
of Chancery further found that corrective disclosures were required in connection with certain disclosures that MCC made concerning
indications of interest in MCC from third parties, as follows: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> On January 3, 2019, ZAIS Group,
                                         LLC (&ldquo;<B><I>ZAIS</I></B>&rdquo;) submitted a letter proposing that the MCC Special
                                         Committee appoint ZAIS as MCC&rsquo;s new investment advisor for the sole purpose of
                                         &ldquo;managing an orderly sale or liquidation of [MCC].&rdquo; MDLY coordinated with
                                         the MCC Special Committee regarding whether and how to respond to ZAIS. On January 24,
                                         2019, MCC informed ZAIS, in a letter signed by Brook Taube, that MCC had rejected ZAIS&rsquo;s
                                         proposal, citing the non-solicitation provision in the MCC Merger Agreement. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> &#9679; </TD><TD STYLE="text-align: justify"> On April 4, 2018, Origami sent
                                         a letter to Marilyn Adler, a former Managing Director of Medley Capital LLC, to express
                                         interest in purchasing 100% of Medley Capital Corporation&rsquo;s (including its affiliates&rsquo;)
                                         interest in SBIC Subsidiary. This letter was sent to Ms. Adler&rsquo;s personal email
                                         address. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Court further
found that, as to MCC stockholders, the Mergers contemplated by the MCC Merger Agreement and the MDLY Merger Agreement &ldquo;trigger
the entire fairness test. FrontFour proved that half of the Medley Capital special committee was beholden to the Taube brothers,
and thus the Taube brothers dominated and controlled the board with respect to the Proposed Transactions. Defendants failed to
meet their burden of proving that the Proposed Transactions are entirely fair&rdquo; to the MCC Stockholders with respect to fair
dealing and price. The Court further found that the &ldquo;deal protections of the merger agreement also fail enhanced scrutiny.&rdquo; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 20, 2019,
a purported stockholder class action was commenced in the Delaware Court of Chancery by the plaintiff in the Altman Section 220
Action, Stephen Altman, against Brook Taube, Seth Taube, Jeff Tonkel, Arthur S. Ainsberg, Karin Hirtler-Garvey, Mark Lerdal, and
John E. Mack, captioned <I>Altman v. Taube, et al.</I>, C.A. No. 2019-0219-KSJM (the &ldquo;<B><I>Altman Action</I></B>&rdquo;).
The complaint alleged that the defendants breached their fiduciary duties to stockholders of MCC in connection with the adjournments
of the vote of MCC Stockholders on the proposed Mergers. On April 8, 2019, the Delaware Court of Chancery granted a stipulation
consolidating the MCC Stockholder Action and the Altman Action, designating the amended complaint in the MCC Stockholder Action
as the operative complaint, and designating the plaintiffs in the MCC Stockholder Action and their counsel as the lead plaintiffs
and lead plaintiffs&rsquo; counsel, respectively. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 91; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->83<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 5, 2019,
a purported stockholder class action was commenced in the Supreme Court of the State of New York, County of New York, by alleged
stockholders of Sierra, captioned <I>Roger Anderson et al. v. Stephen R.&nbsp;Byers et al.</I>, Index No. 652006/2019 (the &ldquo;<B><I>Anderson
Action</I></B>&rdquo;).&nbsp;The named defendants in the Anderson Action are Stephen R. Byers, Oliver T. Kane, Valerie Lancaster-Beal,
Brook Taube, Seth Taube, Sierra, and Merger Sub. The complaint alleges that the individuals named as defendants breached their
fiduciary duties to stockholders of Sierra in connection with the proposed Mergers and that Brook Taube, Seth Taube, Sierra, and
Merger Sub aided and abetted those alleged breaches of fiduciary duties. The complaint seeks to enjoin the proposed Mergers or,
in the alternative, to recover money damages in an unspecified amount. On July 16, 2019, the parties filed a Stipulation and Proposed
Scheduling Order, which provides that the plaintiff shall file an amended complaint by September 17, 2019, and that the defendants&rsquo;
time to respond to the amended complaint will be sixty days following the filing of the amended complaint. That Stipulation and
Proposed Scheduling Order was approved by the court on August 12, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 15, 2019,
certain parties to the MCC Stockholder Action reached agreement on the principal terms of a settlement of the MCC Stockholder
Action, as reflected in the Term Sheet. Also on April 15, 2019, in connection with the execution of the Term Sheet, David A. Lorber
and Lowell W. Robinson were appointed to the MCC Board. In addition, the MCC Board added Messrs. Lorber and Robinson to the MCC
Special Committee, with Mr. Lorber serving as Chair of the MCC Special Committee. On July 29, 2019, following further negotiations,
the Settlement was entered into by and among MCC, Brook Taube, Seth Taube, Jeff Tonkel, Mark Lerdal, Karin Hirtler-Garvey, John
E. Mack, Arthur S. Ainsberg, MDLY, MCC Advisors, Medley LLC, and Medley Group LLC (the &ldquo;<B><I>Medley Parties</I></B>&rdquo;),
on the one hand, and FrontFour, on behalf of itself and a class of similarly situated stockholders of MCC, on the other hand,
in connection with the MCC Stockholder Action. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Settlement
provides for the settlement of all claims that were or could have been brought against the Medley Parties in the MCC Stockholder
Action. Under the Settlement, MCC agreed to seek the agreement and/or consent of Sierra to effect certain amendments to (i) the
MCC Merger Agreement and (ii) the MDLY Merger Agreement (together with the MCC Merger Agreement, the &ldquo;<B><I>Merger Agreements</I></B>&rdquo;),
which have been reflected in the Amended MCC Merger Agreement and the Amended MDLY Merger Agreement annexed to the Settlement.
The Settlement also provides for, if the MCC Merger is consummated, the creation of the Settlement Fund, consisting of $17 million
in cash and $30 million of Sierra Common Stock (the &ldquo;<B><I>Settlement Shares</I></B>&rdquo; and, collectively, with the
cash, the &ldquo;<B><I>Settlement Amount</I></B>&rdquo;), with the number of shares of Sierra Common Stock to be calculated using
the pro forma net asset value reported in the amended Joint Proxy Statement/Prospectus, which will be distributed to the Eligible
Class Members. In addition, in connection with the Settlement, on July 29, 2019, MCC entered into a Governance Agreement with
FrontFour Capital Group LLC, FrontFour Master Fund, Ltd., FrontFour Capital Corp., FrontFour Opportunity Fund, David A. Lorber,
Stephen E. Loukas and Zachary R. George, pursuant to which, among other matters, FrontFour is subject to customary standstill
restrictions and required to vote in favor of the revised MCC Merger at a meeting of stockholders to approve the Amended MCC Merger
Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Settlement
also provides for mutual releases between and among FrontFour and the Eligible Class Members, on the one hand, and the Medley
Parties, on the other hand, of all claims that were or could have been asserted in the MCC Stockholder Action. The Medley Parties
will also release all claims arising out of or relating to the prosecution and settlement of the MCC Stockholder Action and all
claims that were or could have been asserted (other than claims against the Highland Parties, as defined in the Settlement) in
the litigation pending in the United States District Court for the Southern District of New York captioned <I>Medley Capital Corporation
v. FrontFour Capital Group LLC, et al.</I>, No.&nbsp;1:19-cv-02055-LTS (S.D.N.Y.) (the &ldquo;<B><I>Federal Action</I></B>&rdquo;),
and FrontFour and the Class will release all claims arising out of or relating to the prosecution and settlement of the Federal
Action. The Settlement is subject to the approval of the Delaware Court of Chancery. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> A hearing to approve the Settlement
has been set for October 24, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>iii.</B></FONT> </TD><TD> <B><U>Sierra
                                         &mdash; Process Undertaken During Phase 2</U> </B> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On September 4,
2018, the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The Sierra Special Committee members
discussed their interviews of the Independent Directors of MCC, noting each potential nominee&rsquo;s experience, skills and other
expertise that might benefit the Combined Company Board. The Sierra Special Committee then discussed the compensation to be paid
to the Independent Directors of the Combined Company Board. The Sierra Special Committee members agreed that the Independent Director
compensation should be in the form of annual retainers rather than meeting fees. The Sierra Special Committee members also determined
that the Independent Director compensation should be in the form of cash. The Sierra Special Committee members next discussed
the compensation to be paid to the Lead Independent Director and the Sierra Special Committee Chair. The Sierra Special Committee
members next discussed the terms of the employment agreements for certain key employees of MDLY. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On September 18,
2018, the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The S&amp;W representatives provided
an update on the status of the draft proxy statement relating to the Proposed Business Combination. The Sierra Special Committee
then reviewed with the S&amp;W representatives a list of follow-up matters relating to (1) matters that needed to be completed
before the closing of the Proposed Business Combination, (2) matters relating to the upcoming Sierra Board meeting, and (3) matters
related to the operation of the Combined Company following the closing of the Proposed Business Combination. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 92; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->84<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On January 23,
2019, the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The S&amp;W representatives provided
an update concerning the status of the SEC&rsquo;s review of the exemptive applications filed by Sierra, MCC and MDLY in connection
with the Proposed Business Combination and the likely impact the Federal government shutdown would have on the SEC&rsquo;s review
of those applications. The S&amp;W representatives also discussed the status of the HSR filings in connection with the Proposed
Business Combination. Finally, the Sierra Special Committee discussed with the S&amp;W representatives the process to be used
in considering the renewal of Sierra Investment Advisory Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 5,
2019, the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. The representatives
of Broadhaven reviewed with the Sierra Special Committee the NexPoint/Highland Proposal 2 and presented their financial analysis
of the NexPoint/Highland Proposal 2. The representatives of Broadhaven discussed the consideration being offered which included
a $25 million upfront cash payment to the Surviving Company, NexPoint/Highland&rsquo;s undertaking to purchase $25 million of
shares of the Surviving Company at the market price over five quarters, the use of the incentive fees paid by the Surviving Company
to purchase an additional $25 million of shares of the Surviving Company at the market price and certain proposals related to
the management fee payable by the Surviving Company to NexPoint/Highland. The Broadhaven representatives compared the economics
of the NexPoint/Highland Proposal 2 to those of two recent comparable transactions. Following the presentation by Broadhaven,
the Sierra Special Committee members discussed with the representatives of Broadhaven and S&amp;W the options available to them
in regard to the NexPoint/Highland Proposal 2. Following this discussion, representatives of Management and Eversheds Sutherland
then joined the call. At the request of the Sierra Special Committee, the representatives of Management discussed their assessment
of the NexPoint/Highland Proposal 2. After discussion with Management, the representatives of Management, Eversheds Sutherland
and Broadhaven disconnected from the call. The Sierra Special Committee then discussed the NexPoint/Highland Proposal 2 with the
S&amp;W representatives. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 19,
2019, the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The S&amp;W representatives provided
an update on the procedural posture of the MCC Stockholder Action. The S&amp;W representatives also provided an update on the
exemptive applications filed by Sierra, MCC and MDLY in connection with the Proposed Business Combination and reviewed the exemptive
application process with the Sierra Special Committee. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On February 21,
2019, the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The S&amp;W representatives discussed
a credit facility MCC proposed to enter into with TIAA Bank. The S&amp;W representatives noted that under the terms of MCC Merger
Agreement, MCC was required to obtain the consent of Sierra to enter into the credit facility with TIAA Bank. After discussion,
the Sierra Special Committee voted to consent to MCC&rsquo;s entering into a credit facility with TIAA Bank. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 8, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. Representatives of S&amp;W provided an
update on the MCC Stockholder Action and reviewed with the Sierra Special Committee the terms of a potential settlement of that
litigation. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 11, 2019,
the Sierra Special Committee held an in-person meeting with representatives of Broadhaven, Dechert and S&amp;W. Representatives
of S&amp;W reviewed the Delaware Decision and noted that the parties had been enjoined from proceeding with their respective stockholders
meetings until certain corrective disclosures had been made. The Sierra Special Committee then discussed with representatives
of Broadhaven, Dechert and S&amp;W the impact of the Delaware Court of Chancery&rsquo;s decision on the Proposed Business Combination,
the annual contract renewal process and the various courses of action available to Sierra. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 15, 2019,
the Sierra Special Committee held an in-person meeting with representatives of Broadhaven and S&amp;W. The representatives of
Broadhaven and S&amp;W provided a status update to the Sierra Special Committee, particularly in regards to MCC. The meeting was
then adjourned and an in-person meeting of the Sierra Board was held. Representatives of Management and Eversheds Sutherland joined
the Sierra Board meeting by telephone. Representatives of Management discussed the status of the Proposed Business Combination
and the upcoming meeting at which the annual renewal of the Sierra Investment Advisory Agreement would be considered and acted
upon. Representatives of Management and Eversheds Sutherland described a recent meeting with the SEC Staff concerning the SEC&rsquo;s
review of the exemptive applications filed in connection with the Proposed Business Combination. Management then reviewed various
courses of action that could be taken in regard to the Proposed Business Combination. Following further discussion, the representatives
of Management and Eversheds Sutherland disconnected from the call so that the Sierra Special Committee could discuss with the
representatives of Broadhaven and S&amp;W the matters raised during the Sierra Board call in regard to the Proposed Business Combination
and the annual contract renewal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 93; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->85<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 20, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. Representatives of S&amp;W
provided an update on the MCC Stockholder Action, including the terms of a potential settlement agreement. Representatives of
Broadhaven discussed their due diligence meeting with Management the previous day and Broadhaven&rsquo;s takeaways from that meeting,
including the impact of the delay in the Proposed Business Combination on MDLY&rsquo;s financials. The Sierra Special Committee
then discussed with the representatives of Broadhaven and S&amp;W actions that might be taken in order to pursue the Proposed
Business Combination. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 22, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The Sierra Special Committee discussed
with the representatives of S&amp;W the upcoming annual contract renewal meeting. Among other matters discussed were the duration
of the contract renewal term and a potential management fee waiver. The Sierra Special Committee next discussed the various options
to pursue the Proposed Business Combination, including amending the MCC Merger Agreement and MDLY Merger Agreement or negotiating
new agreements with MCC and MDLY. The Sierra Special Committee then discussed the possibility of having a meeting at MDLY&rsquo;s
offices so that members of MDLY&rsquo;s investment team could present to the Sierra Special Committee. The Sierra Special Committee
discussed the annual contract renewal and scheduled a telephonic meeting to review with representatives of S&amp;W the 15(c) response
provided by SIC Advisors. The S&amp;W representatives then provided an update on the MCC Stockholder Action and the status of
a potential settlement agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 25, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W to review SIC Advisors&rsquo; 15(c) response
to the information request that had been sent on behalf of the Sierra Special Committee. Following the call, the S&amp;W representatives
communicated certain follow-up 15(c) matters to SIC Advisors. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 28, 2019,
the Sierra Special Committee held an in-person meeting with representatives of Management, Medley personnel, Broadhaven and S&amp;W.
Members of the investment team that is responsible for the day-to-day management of Sierra provided an in-depth presentation to
the Sierra Special Committee concerning, among other things, Medley&rsquo;s investment professionals, the investment process,
changes to the investment strategy and investment team that were made in 2015, the investment performance of Sierra and MCC since
the 2015 changes, current non-accruals in Sierra&rsquo;s investment portfolio and Medley&rsquo;s Tactical Operations and Structured
Credit businesses. Medley personnel responded to questions from the Sierra Special Committee and representatives of Broadhaven. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Following the Sierra
Special Committee meeting, an in-person meeting of the Sierra Board was held. Management discussed Sierra&rsquo;s and MCC&rsquo;s
financing arrangements. Management then discussed the potential risks to MCC should the Proposed Business Combination not be consummated.
Management next discussed the status of the SBIC Subsidiary, including Management&rsquo;s discussions with the SBA. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Following the Sierra
Board meeting, the Sierra Special Committee held an in-person meeting with representatives of Broadhaven and S&amp;W. The Broadhaven
representatives presented their due diligence as of Sierra, MCC and MDLY that showed each company&rsquo;s financial performance
as of June 30, 2018 and as of December 31, 2018. They also discussed the performance of Sierra and MCC, noting that Sierra&rsquo;s
non-accruals were fairly flat (4.2% versus 4.5%) over the six-month period, while MCC&rsquo;s non-accruals had fallen over the
same period (10.0% versus 9.1%).They indicated that an exchange ratio for MCC based on relative NAV was 0.83x, in contrast to
0.88x at the time of the entering into the MCC Merger Agreement and MDLY Merger Agreement in each case as compared to the agreed
upon 0.805x exchange ratio. In addition, the representatives of Broadhaven noted that MDLY had Core EBITDA of $17.6 million in
2018 versus its forecast of $26.5 million. They indicated that the original forecast of Core EBITDA for MDLY in 2019 of $38.2
million was unlikely to be achieved and that adjusting the 2019 MDLY projections to reflect the decline in AUM at MCC and Sierra
would result in a Core EBITDA of $31.5 million. The representatives of Broadhaven then reviewed a proposal received by MCC from
an independent third-party to acquire the SBIC Subsidiary and the impact of the wind down of the SBIC Subsidiary. The Sierra Special
Committee then discussed with the representatives of Broadhaven and S&amp;W the options available to Sierra which included, among
others, continuing on as a stand-alone company, engaging in a transaction with MDLY and/or MCC, engaging a new manager to manage
its investment portfolio, selling its assets or liquidating. The Broadhaven representatives indicated that the rationale for the
Proposed Business Combination remained but that the terms of the MCC Merger Agreement and MDLY Merger Agreement likely should
be renegotiated in view of the changed circumstances since August 2018. After discussion, representatives of Management joined
the meeting. They discussed the process for going forward. They also discussed the desirability for MCC to be given a go-shop
opportunity and the terms of a possible settlement of the MCC Stockholder Action. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 29, 2019,
an in-person meeting of the Sierra Board was held. Management responded to follow-up 15(c) items, including the impact to MDLY
were it to lose the revenue from MCC, possible changes to Sierra&rsquo;s advisory fee and a possible renewal term of less than
one year. The Sierra Board meeting was adjourned temporarily and a Sierra Special Committee meeting was held during which the
Sierra Special Committee approved the 2018 bonus compensation for Medley LLC Unitholders. The Sierra Special Committee was then
adjourned, and the Sierra Board meeting was reconvened. Upon the recommendation of the Sierra Special Committee, the Sierra Board
approved the 2018 bonus compensation for Medley LLC Unitholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Following the Sierra
Board meeting, the Sierra Special Committee had a meeting with representatives of Broadhaven and S&amp;W. The S&amp;W representatives
discussed the various alternatives available to Sierra. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 3, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. In connection with the
annual contract review, Broadhaven representatives reviewed their analysis of comparable BDCs. The S&amp;W representatives then
provided an update on matters related to the Proposed Business Combination, including the negotiations regarding the extension
of the terms of the MCC Merger Agreement and MDLY Merger Agreement and authorizing a go-shop for MCC. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 94; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->86<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 8, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The S&amp;W representatives discussed
a lawsuit filed in New York state court against Sierra and the each of the Directors of the Sierra Board (the &ldquo;<B><I>Anderson
Litigation</I></B>&rdquo;). The Sierra Special Committee next discussed a draft letter to MDLY stating the Sierra Special Committee&rsquo;s
position on settlement negotiations and further negotiation of the MCC Merger Agreement and MDLY Merger Agreement. The Sierra
Special Committee directed S&amp;W to send the letter to MDLY following the meeting. The Sierra Special Committee then discussed
with the S&amp;W representatives the proposed amendment to the engagement letter with Broadhaven. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 10, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The Sierra Special Committee discussed
with the S&amp;W representatives the proposed amendment to the engagement letter with Broadhaven. The S&amp;W representatives
noted certain differences between the fees in the original engagement letter and those proposed to be paid to Broadhaven in the
amended engagement letter. Representatives of S&amp;W discussed the status of the renegotiation of the MCC Merger Agreement and
MDLY Merger Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 15, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. Representatives of S&amp;W provided an
update on matters related to the Proposed Business Combination. The members of the Sierra Special Committee indicated that they
wanted Broadhaven&rsquo;s analysis of Sierra, MCC and MDLY before they made any decision about how to proceed. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 17, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of S&amp;W. The Sierra Special Committee discussed
with the S&amp;W representatives a request from MCC to speak to NexPoint/Highland regarding a proposal MCC had received from NexPoint/Highland.
The Sierra Special Committee decided not to consent to MCC&rsquo;s request until MCC had responded to Sierra&rsquo;s request to
begin renegotiating the MCC Merger Agreement. The Sierra Special Committee next discussed a proposed amendment to the engagement
letter with Broadhaven. The S&amp;W representatives reviewed two alternatives to structuring the compensation to be paid to Broadhaven.
The Sierra Special Committee directed the S&amp;W representatives to communicate the Sierra Special Committee&rsquo;s position
on consenting to MCC&rsquo;s request to speak with NexPoint/Highland. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 7, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. The representatives of
Broadhaven and S&amp;W provided an update on the status of the Proposed Business Combination. The Broadhaven representatives reviewed
the following items: (1) the financial projections for Sierra, MCC and MDLY as of August 2018 against the current projections
for those companies, (2) the updated the valuation of each company, (3) potential changes to certain of the original deal terms
and (4) an analysis of a possible acquisition of MDLY, assuming no relationship between MDLY and MCC. The Broadhaven representatives
reviewed the Sierra/MCC exchange ratio agreed to in August 2018 and developments since then. They indicated that both Sierra and
MCC had experienced declines in their NAV per share since June 30, 2018, with MCC&rsquo;s NAV per share declining 13% more than
Sierra&rsquo;s NAV per share over that period (11% once deal costs were factored in). The Broadhaven representatives indicated
that since June 30, 2018 MCC&rsquo;s non-accrual percentage had declined from 10.0% to 9.1%, while Sierra&rsquo;s non-accrual
percentage had declined from 4.2% to 4.0%. They indicated that since June, 30 2018 MCC&rsquo;s exposure to pre-2015 investments
had increased from 47% to 51%, while Sierra&rsquo;s exposure to pre-2015 investments had decreased from 26% to 20%. Based on their
analysis, the Broadhaven representatives indicated that the Sierra/MCC exchange ratio should then be approximately 0.70 versus
the 0.805 exchange ratio agreed to in August 2018. The Broadhaven representatives then discussed the valuation of MDLY. The Broadhaven
representatives next discussed the economics of a potential transaction between Sierra and MDLY that did not involve MCC. The
Broadhaven representatives then reviewed areas that might be renegotiated in view of the current financial positions of Sierra,
MCC and MDLY. The Sierra Special Committee discussed next steps with the representatives of Broadhaven and S&amp;W. This discussion
included consideration of possible corporate governance changes. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 10, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. The Broadhaven representatives
discussed possible terms of the Proposed Business Combination that might be renegotiated, including the Sierra/MCC exchange ratio
and the purchase price for MDLY, and the structure of any go-shop provision, including the duration. The Broadhaven representatives
also discussed various options for handling any liabilities arising out of the MCC Stockholder Action, including a possible price
adjustment. The Sierra Special Committee discussed with the representatives of Broadhaven and S&amp;W various corporate governance
matters. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 13, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven, M&amp;S and S&amp;W. The Broadhaven
representatives directed the Sierra Special Committee members&rsquo; attention to the presentation that had been provided prior
to the meeting. The Broadhaven representatives reviewed their analysis of a potential acquisition by Sierra of MDLY, assuming
MDLY no longer served as MCC&rsquo;s investment manager. The analysis assumed that the MDLY forecast would be reduced by the elimination
of revenues related to managing MCC, partly offset by an estimated $4 million in related operating costs. Based on such estimates
representatives of Broadhaven explained that a transaction with MDLY would be dilutive to NII in 2019 but accretive to NII in
2020 and accretive to ROE in both 2019 and 2020. They also said that the transaction would be dilutive to NAV in 2019. The Broadhaven
representatives also discussed their analysis of the reconciliation of the relative NAV changes at Sierra and MCC. The representatives
of Broadhaven provided an overview of inbound calls from third-party credit asset managers. The Sierra Special Committee discussed
with the representatives of Broadhaven, M&amp;S and S&amp;W potential avenues of negotiation with MCC and MDLY. At the conclusion
of the discussion, the Sierra Special Committee requested that Broadhaven provide an analysis of various prices for MDLY. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 95; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->87<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> A day after the
call, Broadhaven circulated to the Sierra Special Committee the requested analysis. The Sierra Special Committee members communicated
their agreement with the MDLY proposal. On May 14, 2019, Broadhaven conveyed to MDLY that the Sierra Special Committee proposed
to acquire MDLY for $4.70 per share assuming Sierra is valued at 70% of NAV, comprised of $2.69 per share in cash, 0.34 shares
of Sierra common stock for each share of MDLY common stock and a dividend of $0.40 per share. Assuming that Sierra was valued
at NAV, the proposal resulted in $5.38 per MDLY share. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 15, 2019,
Broadhaven communicated by telephone with Sandler O&rsquo;Neill to convey the Sierra Special Committee&rsquo;s proposal for MCC,
which included a proposed exchange ratio of 0.65, the go-shop provisions and a price adjustment arising from certain settlement
liabilities. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 20, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. The Broadhaven representatives
reported on their recent discussions with representatives of MCC and MDLY to discuss the proposals made by the Sierra Special
Committee. They indicated that on May 17, 2019, the MCC Special Committee had proposed that the exchange ratio between Sierra
and MCC shares should continue to be set at 0.805. The Broadhaven representatives also reported that on May 18, 2019, representatives
of Management had responded to the May 14, 2019 proposal and requested that the purchase price for MDLY be increased from $5.38
per share to $6.34 per share, in each case assuming Sierra was valued at NAV, based on a number of negotiating points including
that its operating expenses would be lower given potential projected compensation expense reductions. In addition, representatives
of Management requested that Sierra agree to assume MCC&rsquo;s settlement liabilities in exchange for an equivalent reduction
in the purchase price for MDLY. After discussion, the Sierra Special Committee directed the Broadhaven representatives to tell
MCC that an exchange ratio of 0.805 was not acceptable. On May 24, 2019, the Sierra Special Committee held a telephonic meeting
with representatives of S&amp;W. The S&amp;W representatives provided an update on the status of the negotiations with MCC and
MDLY. The Sierra Special Committee discussed with the S&amp;W representatives the possibility of having an in-person meeting the
following week among the Sierra Special Committee, the MCC Special Committee and their advisors. A representative of Broadhaven
was then called into the meeting. At the Sierra Special Committee&rsquo;s request, the representative of Broadhaven agreed to
request that MCC make a counteroffer to the Committee&rsquo;s proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 30, 2019,
an in-person meeting among the Sierra Special Committee, the MCC Special Committee, Broadhaven, Sandler O&rsquo;Neill, S&amp;W
and Kramer Levin was held. On behalf of the MCC Special Committee, Sandler O&rsquo;Neill reviewed its analysis based on a potential
revised Sierra/MCC exchange ratio of 0.77 as well as information regarding the performance of MDLY. There was a discussion among
the meeting participants of the treatment of the Tax Receivable Agreement. The MCC Special Committee indicated that, in its view,
the purchase price for MDLY should be lower than the current offer. The meeting participants&rsquo; then discussed the go-shop
provisions and termination fee. The Sierra Special Committee and MCC Special Committee then met separately with their respective
advisors. The Sierra Special Committee proposed the following: (1) an exchange ratio of 0.70, (2) a 60-day go-shop opportunity
that was reciprocal for Sierra and MCC, and (3) an expense reimbursement fee that was capped at $4 million in lieu of a termination
fee. The Sierra Special Committee indicated that Sierra would not agree to assume MCC&rsquo;s liability arising from litigation. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 31, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. The Sierra Special Committee
discussed with the representatives of Broadhaven and S&amp;W potential terms of a revised proposal for MCC. After discussion,
the representatives of S&amp;W agreed to memorialize the discussion in a term sheet and circulate that term sheet to the Sierra
Special Committee. Subsequent to the meeting, S&amp;W circulated a draft term sheet to the Sierra Special Committee. A revised
draft term sheet was circulated that reflected comments from the Sierra Special Committee. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 5, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. The Sierra Special Committee
discussed the potential insurance coverage available to MCC and the impact that coverage might have on the price Sierra pays for
MCC. It was noted that MCC had a total of $30 million in insurance coverage and that a portion of it would remain assuming coverage
for MCC&rsquo;s legal defense costs. The Broadhaven representatives discussed the possibility of establishing a range for the
Sierra/MCC exchange ratio range between 0.68 and 0.70 that varied depending on the amount of legal expenses incurred by MCC. The
S&amp;W representatives agreed to speak with insurance counsel for Sierra, MCC and MDLY to understand the scope of what could
be covered by insurance. The Sierra Special Committee also discussed with the representatives of Broadhaven and S&amp;W the possibility
of seeking an expense reimbursement up to $4 million in the event MCC accepted a superior proposal during the go-shop period.
The Broadhaven representatives next discussed the May 18, 2019 counterproposal made by MDLY. After discussion, the Sierra Special
Committee agreed to offer an increase in the purchase price for MDLY from $5.38 per share to $5.68 per share, in each case assuming
Sierra was valued at NAV, and agree that such price would be reduced to reflect the ultimate financial impact of any potential
settlement fund assumed by Sierra, resulting in a proposed net purchase price of $4.21 per share. Representatives of Broadhaven
conveyed such proposal to representatives of Management immediately after the meeting. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 7, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. The S&amp;W representatives
reported that they had a conference call with insurance counsel to Sierra, MCC and MDLY and that they now had a better understanding
of plaintiffs&rsquo; attorneys fees and how much of that may be covered by insurance. After discussion, the Sierra Special Committee
directed the Broadhaven representatives to convey to MCC a proposed exchange ratio of 0.68. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 96; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->88<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 11, 2019,
the Sierra Special Committee received a proposal from the MCC Special Committee setting an exchange ratio of 0.70. The Sierra
Special Committee rejected that proposal on June 12, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 19, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Management, Broadhaven and S&amp;W. Management
conveyed their view on whether the MCC Merger and MDLY Merger should be conditioned on one another. Management discussed their
pro forma analysis of MDLY assuming the MCC Merger is not consummated. They indicated that MDLY received approximately $13 million
in annual revenues from MCC, which represented 20% of MDLY&rsquo;s total annual revenues, and that estimated costs savings in
the event the MCC&rsquo;s advisory relationship ended was between $6.9 million and $9.7 million on an annual basis. Management
responded to questions from the Sierra Special Committee members and the Broadhaven representatives. Following this discussion,
the Management representatives disconnected from the call. The Broadhaven representatives discussed their view of MDLY&rsquo;s
projections. They then discussed their analysis of MDLY at various prices with the MCC advisory relationship and without it. The
Broadhaven representatives explained that a MDLY only transaction, assuming costs savings at the low end and at the high end,
would be more accretive to NII and ROE than the Proposed Business Combination. They noted that a MDLY only transaction would be
dilutive to NAV. The Broadhaven representatives discussed conversations with representatives of MCC regarding plaintiffs&rsquo;
attorneys fees. After discussion, the Sierra Special Committee agreed to counter MCC&rsquo;s latest proposal with a 0.70 exchange
ratio if plaintiffs&rsquo; attorneys fees were $10 million or less, a 0.69 exchange ratio if plaintiffs&rsquo; attorneys fees
were between $10 million and $12.5 million and a 0.68 exchange ratio if plaintiffs&rsquo; attorneys fees exceeded $12.5 million.
The Sierra Special Committee also agreed to seek a $2.5 million expense reimbursement from Medley in the event the MCC Merger
is not consummated. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 21, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. The Broadhaven representatives
provided an update on the negotiations with MCC and MDLY. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 28, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven and S&amp;W. The Broadhaven representatives
reported that they had received preliminary projected June 30, 2019 results for Sierra and MCC and indicated that they and representatives
of Sandler O&rsquo;Neill had had a call with Management to better understand the projected results. The Broadhaven representatives
suggested scheduling a meeting the following week so that Management could discuss the preliminary June 30, 2019 results with
the Sierra Special Committee. The Broadhaven representatives then disconnected from the call. The Sierra Special Committee discussed
corporate governance matters with the S&amp;W representatives and agreed to schedule a meeting with representatives of Medley
to discuss various corporate governance matters. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 3, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Management, Broadhaven and S&amp;W. Management
reviewed with the Sierra Special Committee certain investments that were forecast to contribute to an approximately 6% to 7% decline
in MCC&rsquo;s NAV as of June 30, 2019. Management also discussed the impact of the renegotiation of the Israeli bonds owned by
MCC. Management then disconnected from the call. The Broadhaven representatives reviewed their analysis of the impact of the preliminary
June 30, 2019 results on the MCC exchange ratio. They said that the relative decline in NAV at MCC suggested that the price for
MCC should be lowered by 2 points. After discussion, the Sierra Special Committee instructed Broadhaven to convey to MCC a reduction
in the range of exchange ratio from 0.68 &ndash; 0.70 to 0.66 &ndash; 0.68. Then, representatives of Management and Eversheds
Sutherland joined the call. They reviewed the amended terms of the MCC Israeli bond indentures. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 10, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven, M&amp;S and S&amp;W. The Broadhaven
representatives provided an overview of the revised transaction and reviewed the terms of the latest proposals made to MCC and
MDLY by Sierra. They indicated that Sierra and MCC were close with respect to the exchange ratio while MCC still wanted its version
of the go-shop provision. Representatives of Broadhaven discussed the impact of the MCC settlement liability on the purchase price
for MDLY. They noted that there was a $0.70 differential in the consideration that MDLY Public Stockholders would receive in comparison
to the holders of Medley LLC Units. The representatives of Broadhaven reviewed the rationale for the Proposed Business Combination,
noting that most of the benefits would remain even if the MCC Merger was not consummated. They next discussed their analysis of
the Proposed Business Combination and their analysis of the MDLY Merger, noting that both were accretive to 2020E NII and 2020E
ROE. The Broadhaven representatives then discussed the performance of each of Sierra, MCC and MDLY since June 30, 2018. The Broadhaven
representatives reviewed their analysis of Sierra at various prices, noting that Sierra was assumed, for purposes of this analysis,
to trade at 70% of NAV. They then reviewed the components of the purchase price for MDLY. The Broadhaven representatives reviewed
their analysis of MDLY at various prices. They noted that merger and acquisition comparables suggested a range of 6.0x to 7.0x
revenue. The Broadhaven representatives indicated that the Proposed Business Combination was accretive to both 2020E NII and 2020E
ROE, but dilutive to NAV at March 31, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Broadhaven
representatives then reviewed their analysis of the MDLY Merger. They noted that estimated cost savings were generally attributable
to a reduction in personnel and reduced real estate costs, resulting in annual savings between $6.9 million and $9.7 million.
The Broadhaven representatives reviewed their analysis of MDLY at various prices. The Broadhaven representatives indicated that
the MDLY Merger was accretive to both 2020E NII and 2020E ROE, but dilutive to NAV at March 31, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The representatives
of Broadhaven reviewed their fairness opinion. They noted that their conclusions were not substantially different from conclusions
that they had reached in connection with their opinion they issued in August 2018. They indicated that the total consideration
to be paid by Sierra was fair, from a financial point of view, to Sierra Stockholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 97; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->89<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Sierra Special
Committee discussed next steps with the representatives of Broadhaven and S&amp;W. The S&amp;W representatives reviewed the go-shop
provision and termination fee. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 12, 2019,
representatives of S&amp;W discussed the Amended MCC Merger Agreement with representatives of Kramer Levin. The Kramer Levin representatives
indicated that MCC did not want the go-shop provision to include a right for Sierra to match any offer made to MCC or for MCC
to provide disclosure to Sierra regarding any proposals received by MCC. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 21, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven, M&amp;S and S&amp;W. A representative
of M&amp;S reviewed the standard of conduct governing the actions of the Sierra Special Committee members under the MGCL, including
how the standard of conduct applies to the actions of the Sierra Special Committee when considering the Mergers. The Broadhaven
representatives provided an update on the status of the negotiations with MCC and MDLY and the items that remained to be resolved.
The S&amp;W representatives reviewed certain terms in the Amended MCC Merger Agreement and the Amended MDLY Merger Agreement.
The S&amp;W representatives then reviewed the current litigation related to the Proposed Business Combination. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 24, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven, M&amp;S and S&amp;W. The Broadhaven
representatives indicated that they needed time to assess the impact, if any, of the grant of annual compensation related restricted
stock units subsequent to March 31, 2019. The Broadhaven representatives then disconnected from the call. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 28, 2019,
the Sierra Special Committee held a telephonic meeting with representatives of Broadhaven, M&amp;S and S&amp;W. A representative
of M&amp;S reviewed the standard of conduct governing the actions of the Sierra Special Committee members under the MGCL, including
how the standard of conduct applies to the actions of the Sierra Special Committee when considering the Mergers. Representatives
of S&amp;W reviewed the Amended MCC Merger Agreement and Amended MDLY Merger Agreement with the Sierra Special Committee, highlighting
certain differences in the terms from those in the versions of the agreements approved in August 2018. The Broadhaven representatives
directed the Sierra Special Committee to their analysis and fairness opinion. The Broadhaven representatives explained that both
documents were substantially similar to the versions previously presented to the Sierra Special Committee and reviewed the documents
with the Sierra Special Committee. The S&amp;W representatives reminded the Sierra Special Committee that the MDLY Merger was
subject to the SEC&rsquo;s going-private rules because the consideration to be paid to MDLY Stockholders included both cash and
stock. They discussed the Sierra Special Committee&rsquo;s responsibilities under the SEC&rsquo;s going-private rule in connection
with its consideration of the MDLY Merger. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> After discussion,
the Sierra Special Committee determined to approve Sierra&rsquo;s participation in the Proposed Business Combination and the MDLY
Merger; the terms of the Amended MCC Merger Agreement and the transactions contemplated thereby, including the MCC Merger; and
the terms of the Amended MDLY Merger Agreement and the transactions contemplated thereby, including the MDLY Merger; and recommend
that the Sierra Board approve the same, declare the Mergers advisable and recommend the Mergers to the Sierra Stockholders. In
approving each of the Proposed Business Combination and the MDLY Merger, the Sierra Special Committee considered the potential
benefits and potential risks that might result from the consummation of each of the Proposed Business Combination and the MDLY
Merger, recognizing that there was no guarantee that the anticipated benefits would be realized. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Immediately following
the Sierra Special Committee meeting, the Sierra Board held a special telephonic meeting, with all members of the Board present.
Representatives of Management, Eversheds Sutherland, Broadhaven, M&amp;S and S&amp;W also participated in the meeting. The Chair
of the Sierra Special Committee reported to the Sierra Board that representatives of Broadhaven had presented their final analysis
of each of the Proposed Business Combination and the MDLY Merger and their fairness opinion to the effect that as of that date
and based upon and subject to various assumptions, matters considered and limitations described in its opinion, the total consideration
to be provided for each share of MCC Common Stock and each share of MDLY Common Stock is fair to the holders of Sierra common
stock (other than Medley Advisors and its affiliates) from a financial point of view, and that representatives of S&amp;W had
reviewed the Amended MCC Merger Agreement and Amended MDLY Merger Agreement for the Proposed Business Combination and MDLY Merger.
The Chair of the Special Committee reported that based on the numerous meetings of the Sierra Special Committee and the advice
of the representatives of Broadhaven, M&amp;S and S&amp;W, the Sierra Special Committee had approved, and recommended that the
Sierra Board approve, each of the Proposed Business Combination and the MDLY Merger, the Amended MCC Merger Agreement, and the
Amended MDLY Merger Agreement. A representative of M&amp;S reviewed the standard of conduct governing the actions of the Sierra
Board under the MGCL, including how the standard of conduct applied to the actions of the Sierra Board following the recommendations
of the Sierra Special Committee and when considering the Mergers. After discussion, and on the basis of the Sierra Special Committee&rsquo;s
recommendation, the Sierra Board unanimously approved Sierra&rsquo;s participation in each of the Proposed Business Combination
and the MDLY Merger; approved the terms of the Amended MCC Merger Agreement and the transactions contemplated thereby, including
the MCC Merger; approved the Amended MDLY Merger Agreement and the transactions contemplated thereby, including the MDLY Merger;
declared the Mergers advisable; resolved to recommend the Mergers to the Sierra Stockholders; and approved the submission of each
of the Amended MCC Merger Agreement and the transactions contemplated thereby, including the MCC Merger, and Amended MDLY Merger
Agreement and the transactions contemplated thereby, including the MDLY Merger, to the Sierra Stockholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 98; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->90<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.25in"> <B>(iv.)</B> </TD><TD STYLE="text-align: justify"> <B><U>Summary of Financial Presentation
                                         by Broadhaven, dated July 28, 2019, to the Sierra Special Committee</U></B> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 28, 2019,
Broadhaven rendered its oral opinion, which was subsequently confirmed in writing by delivery of the opinion, to the Sierra Special
Committee to the effect that, as of that date and based upon and subject to the assumptions made, procedures followed, matters
considered and qualifications and limitations on the scope of review undertaken by Broadhaven as set forth in its opinion, (a)
if the MCC Merger is consummated concurrently with the MDLY Merger, the total consideration to be paid and issued by Sierra in
the Mergers, considered as a whole and not in separate parts, is fair to Sierra from a financial point of view, and (b) if the
MCC Merger is not consummated concurrently with the MDLY Merger, the MDLY Consideration to be paid and issued by Sierra in the
MDLY Merger, considered as a whole and not in separate parts, is fair to Sierra from a financial point of view. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In arriving at
its opinion, Broadhaven, among other things, reviewed certain audited and unaudited financial information, and other business
and operating data, regarding Sierra, MCC and MDLY; reviewed certain financial projections relating to MCC prepared by Management
(the &ldquo;MCC Projections&rdquo;);&nbsp;reviewed certain financial projections relating to MDLY prepared by Management (the
&ldquo;MDLY Projections&rdquo;);&nbsp;reviewed certain financial projections relating to Sierra prepared by Management (the &ldquo;Sierra
Projections&rdquo;); discussed the past and current business, operations, financial condition and prospects of each of MCC, MDLY
and Sierra; reviewed the recent stock price performance and trading activity of the MDLY Class A Common Stock, and the financial
performance of MDLY; reviewed the recent stock price performance and trading activity of the MCC Common Stock, and the financial
performance of MCC, and a comparison with that of certain other comparable publicly traded companies;&nbsp;reviewed the anticipated
pro forma impact of the transactions on Sierra&rsquo;s net investment income, net asset value and financial ratios; reviewed the
financial terms, to the extent publicly available, of certain comparable acquisition transactions;&nbsp;&nbsp;reviewed the Tax
Receivable Agreement and the proposed treatment of the Tax Receivable Agreement under the Amended MCC Merger Agreement and Amended
MDLY Merger Agreement; reviewed the Settlement that provides for payment of $17 million in Settlement Cash and issuance of the
Settlement Shares with a value of $30 million, calculated as provided in the Settlement, to the Settlement Fund if the MCC Merger
is consummated; reviewed drafts of the Amended MCC Merger Agreement and Amended MDLY Merger Agreement, each dated July 26, 2019,
and certain related documents; and performed such other analyses and considered such other factors as Broadhaven has deemed appropriate. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In reaching its
opinion, Broadhaven assumed and relied upon, without independent verification, the accuracy and completeness of the information
that was publicly available or supplied or otherwise made available to it by Sierra, MCC or MDLY. Broadhaven further assumed that
the final executed Amended MCC Merger Agreement and Amended MDLY Merger Agreement would not differ in any respect material to
its analysis or its opinion from the draft Amended MCC Merger Agreement and Amended MDLY Merger Agreement Broadhaven reviewed;
the MCC Projections and the MDLY Projections were reasonably prepared on bases reflecting the best currently available estimates
and judgments of Management of the future financial performance of each of MCC and MDLY on a standalone basis, respectively;&nbsp;the
Sierra Projections were reasonably prepared on bases reflecting the best currently available estimates and judgments of Management
of the future financial performance of Sierra on a standalone basis, following the acquisition of MDLY only and following the
acquisition of both MCC and MDLY, respectively; the Mergers will be consummated in accordance with the terms set forth in the
Amended MCC Merger Agreement and Amended MDLY Merger Agreement without any waiver, amendment or delay of any terms or conditions
in any manner that would be material to Broadhaven&rsquo;s opinion; the revenues and earnings projected in the Sierra Projections
(and, following the Mergers, the revenues and earnings projected in the MCC Projections and the MDLY Projections) will be realized
in the amounts and at the times projected in all respects material to Broadhaven&rsquo;s analysis; the Mergers will not result
in the assumption or other acquisition of any tax, regulatory or other liabilities (including liabilities of MCC and MDLY and
their respective subsidiaries) other than the Settlement Amount and those provided for in the Amended MCC Merger Agreement and
Amended MDLY Merger Agreement, and that (1) the total consideration payable by Sierra pursuant to the MDLY Merger was negotiated
to reflect a reduction equal to the Settlement Amount and (2) the assumption or other acquisition of liabilities provided for
in the Amended MCC Merger Agreement and Amended MDLY Merger Agreement (other than the Settlement Amount) would not have a material
impact on the value of Sierra;&nbsp;the rate of taxation applied to certain earnings of Sierra included in the Sierra Projections
and the rate of taxation applicable to MDLY included in the MDLY Projections will be experienced as projected following consummation
of the Mergers; In connection with the receipt of all the necessary governmental, regulatory or other approvals and consents required
for the Mergers, no delays, limitations, conditions (including any required divestitures) or restrictions will be imposed that
would have a material adverse effect on the contemplated benefits expected to be derived in the Mergers; the representations and
warranties of Sierra, MCC and MDLY contained in the Amended MCC Merger Agreement and Amended MDLY Merger Agreement are accurate
and complete in all respects material to Broadhaven&rsquo;s analysis; and the MCC Merger will qualify for federal income tax purposes
as a reorganization under the provisions of Section 368(a) of the Code. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Broadhaven further
advised the Sierra Special Committee of the following several important factors and assumptions that underlie its opinion. First,
were the shares of Sierra Common Stock to be listed and traded on a national securities exchange, such shares would trade at a
substantial discount to Sierra&rsquo;s net asset value. Second, Sierra and its affiliates (including MDLY), pro forma for the
Mergers, would, absent the tax relief afforded by the cancellation of and transfer of benefits under the Tax Receivable Agreement,
pay taxes in the full amounts and at the times projected by Management and that the taxes resulting from the results of operations
of MDLY in each year in which tax benefits are available under the Tax Receivable Agreement would be in excess of the tax benefits
afforded by the Tax Receivable Agreement. Third, following its acquisition by Sierra, MDLY will be treated as a portfolio investment
of Sierra for accounting purposes and that MDLY&rsquo;s financial results will not be consolidated into the financial statements
of Sierra. Fourth, the SEC will grant exemptive relief requested by Sierra, MDLY, MCC and certain of their subsidiaries pursuant
to an application initially filed on November 6, 2018 (as amended and restated on December 21, 2018, February 7, 2019 and February
15, 2019), without qualification or modification with respect to the Mergers and if the MCC Merger is not consummated concurrently
with the MDLY Merger, the SEC will grant substantially similar exemptive relief with respect to the MDLY Merger. Fifth, (i) the
Settlement will be approved without amendment or modification in any material respect, (ii) the Settlement Amount will not exceed
$47 million, (iii) neither the Settlement, the Delaware Court of Chancery, nor any other court or regulatory body will impose
any obligations on any of Sierra, MCC or MDLY in connection with the Mergers, (iv) the legal fees and expenses of the Plaintiffs
have not exceeded, and will not exceed, $15 million and will be covered all or in substantial part by applicable insurance, and
all other defense fees and costs in connection with the MCC Stockholder Action will be covered by insurance. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 99; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->91<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Broadhaven has
not made any independent valuation or appraisal of Sierra, MCC, MDLY or their respective assets or liabilities, Broadhaven has
not relied upon any such valuations or appraisals furnished to it, and its opinion does not constitute or imply any particular
valuation of Sierra. In arriving at its opinion, Broadhaven has not conducted a physical inspection of Sierra, MCC, MDLY or their
respective assets. Broadhaven&rsquo;s opinion is necessarily based on financial, economic, market and other conditions as in effect
on, and the information made available to Broadhaven as of, the date of its opinion. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The following is
a brief summary of the material financial analyses performed by Broadhaven in connection with the preparation of its opinion to
the Sierra Special Committee in Appendix B attached hereto. Assessing any portion of such analyses and of the factors reviewed,
without considering all analyses and factors described in Appendix B, could create a misleading or incomplete view of Broadhaven&rsquo;s
analysis. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <U>Financial Analysis of Sierra and MCC</U> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Comparison of
Sierra and MCC.&nbsp;&nbsp;&nbsp;&nbsp;</I>Broadhaven noted the meaningful similarities between the MCC loan portfolio and the
Sierra loan portfolio. In particular, 37% of Sierra&rsquo;s portfolio was comprised of borrowers which were also represented in
the MCC portfolio. In addition, Broadhaven noted that MCC and Sierra shared the same external portfolio manager (MDLY) and had
a similar investment strategy. Broadhaven conducted analysis of MCC&rsquo;s trading levels relative to its NAV over time and noted
that MCC traded at a price to NAV of 46% as of July 26, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Comparable Public
Companies Analysis. </I>Broadhaven considered certain financial data of selected internally-managed and externally-managed BDCs
with publicly traded equity securities. The financial data included, among other things&nbsp;stock price as a multiple of NAV
per share (&ldquo;P/NAV&rdquo;);&nbsp;stock price as a multiple of 2020 projected earnings per share (&ldquo;P/Earnings&rdquo;);
and dividend yield based on most recent quarterly dividend (&ldquo;MRQ Dividend Yield&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The selected internally-managed
BDCs were&nbsp;Main Street Capital Corporation, Hercules Capital, Inc. and Capital Southwest Corporation. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The selected externally-managed
BDCs were Ares Capital Corporation, FS KKR Capital Corporation, Prospect Capital Corporation,&nbsp;TPG Specialty Lending, Inc.,&nbsp;&nbsp;Golub
Capital BDC, Inc.,&nbsp;New Mountain Finance Corporation,&nbsp;Apollo Investment Corporation, TCG BDC, Inc.,&nbsp;Solar Capital
Ltd.,&nbsp;Goldman Sachs BDC, Inc.,&nbsp;BlackRock TCP Capital Corp., Oaktree Specialty Lending Corporation,&nbsp;Barings BDC,
Inc.,&nbsp;PennantPark Floating Rate Capital Ltd.,&nbsp;PennantPark Investment Corporation,&nbsp;BlackRock Capital Investment
Corporation,&nbsp;Gladstone Investment Corporation, Fidus Investment Corporation,&nbsp;TriplePoint Venture Growth BDC Corp.,&nbsp;Oxford
Square Capital Corp., WhiteHorse Finance, Inc., Solar Senior Capital Ltd., Stellus Capital Investment Corporation, &nbsp;Gladstone
Capital Corporation, &nbsp;Monroe Capital Corporation, Oaktree Strategic Income Corporation, THL Credit, Inc.,&nbsp;Medley Capital
Corporation, Saratoga Investment Corp., MVC Capital, Inc., Horizon Technology Finance Corporation, OFS Capital Corporation, Capitala
Finance Corp., Garrison Capital Inc. and Portman Ridge Finance Corporation. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Broadhaven advised
the Sierra Special Committee that no company utilized in the comparable public company analysis is directly comparable to Sierra
or MCC. In evaluating the selected companies, Broadhaven made judgments and assumptions with regard to industry performance, general
business, economic, market and financial conditions and other matters, many of which are beyond the control of Sierra or MCC,
such as the impact of competition on the businesses of Sierra or MCC and on the middle-market lending industry generally, industry
growth and the absence of any material adverse change in the financial condition and prospects of Sierra or MCC or the industry
or in the financial markets in general, which could affect the public trading value of the companies selected for comparison. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Selected Precedent
Transactions Analysis.&nbsp;&nbsp;&nbsp;&nbsp;</I>Broadhaven reviewed the purchase prices paid in twelve publicly announced selected
transactions based on publicly available information and calculated the purchase price to the-most-recent-quarter NAV ratio (&ldquo;Price/MRQ
NAV&rsquo;), the purchase price to the last-twelve-month NII ratio (&ldquo;Price/LTM NII&rsquo;) and the purchase price to the
next-twelve-month NII ratio (&ldquo;Price/NTM NII&rsquo;), respectively. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Based on the results
of this analysis, the financial analysis of Sierra discussed above, and other factors that Broadhaven considered appropriate in
its professional judgment, Broadhaven noted that the MCC Exchange Ratio resulted in (a) per share purchase price to MCC Stockholders
of $3.42, at a Price/MRQ NAV of 75% and an exchange ratio of 0.680x, (b) a per share purchase price to MCC Stockholders of $3.32,
at a Price/MRQ NAV of 75% and an exchange ratio of 0.660x, (c) a per share purchase price to MCC Stockholders of $3.19 at a Price/MRQ
NAV of 70% and an exchange ratio of 0.680x and (d) a per share purchase price to MCC Stockholders of $3.10 at a Price/MRQ NAV
of 70% and an exchange ratio of 0.660x. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>BDC Regression
Analysis</I>.&nbsp;&nbsp;&nbsp;&nbsp;Broadhaven compared Sierra&rsquo;s return on equity for fiscal year 2020 as derived from
the Sierra Projections (&ldquo;SIC 2020 ROE&rdquo;) with the relationship between 2020 ROEs and current price/NAV trading levels
for internally-managed and externally-managed BDCs. SIC 2020 ROE of 7.2%, implied a trading price per share equal to 66% of Sierra&rsquo;s
NAV based on such regression analysis. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Illustrative
Sierra Analysis at Various Prices</I>.&nbsp;&nbsp;&nbsp;&nbsp;Broadhaven reviewed Sierra&rsquo;s 2020 net earnings per share of
$0.49 as provided in the Sierra Projections and noted that, based on the mean multiple of 9.6X of forecasted 2020 net earnings
per share for publicly traded externally managed BDCs, Sierra would be valued in the public market at between 60% and 70% of its
NAV. Broadhaven also reviewed Sierra&rsquo;s 2020 run-rate dividend of $0.44 as provided in the Sierra Projections and noted that,
based on the mean dividend yield of 9.9% for publicly traded externally managed BDCs as of July 26, 2019, Sierra would be valued
in the public market at between 60% and 70% of its NAV. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Based on the results
of the above analyses and other factors that Broadhaven considered appropriate in its professional judgment, Broadhaven applied
a P/NAV of 70% to 75% to Sierra&rsquo;s NAV per share as of July 26, 2019, which resulted in an implied equity value per share
of Sierra Common Stock of $4.70 to $5.03. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 100; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->92<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <U>Financial Analysis of MDLY</U> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> With respect to
MDLY, Broadhaven performed the following analyses: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Discounted Cash
Flow Analysis. </I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> <B>(a)</B> </TD><TD> <B>Analysis Assuming Consummation
                                         of both MCC Merger and MDLY Merger</B> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Assuming that the
MCC Merger is consummated concurrently with the MDLY Merger, Broadhaven performed a discounted cash flow analysis of MDLY by calculating
the estimated present value (as of December 31, 2019) of the unlevered, after-tax free cash flows that MDLY was forecasted to
generate based on the MDLY Projections. Broadhaven calculated the implied terminal value of MDLY by applying a selected range
of enterprise value/EBITDA multiples of 6x to 10x, to MDLY&rsquo;s projected EBITDA for the fiscal year 2024. The present value
(as of December 31, 2019) of MDLY&rsquo;s cash flows and terminal values were then calculated using a selected range of discount
rates from 10% to 18% derived from a weighted average cost of capital calculation. This analysis indicated the approximate implied
per share equity value reference range for MDLY of $7.87 to $18.24, as compared to an implied value of MDLY Merger Consideration
per share of $4.77 (assuming Sierra Common Stock is valued at 70% of per share NAV before giving effect to the net present value
of the tax assets under the Tax Receivable Agreement). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In addition, assuming
that the MCC Merger is consummated concurrently with the MDLY Merger, Broadhaven performed an analysis of the net present value
of the tax assets under the Tax Receivable Agreement in a manner similar to the discounted cash flow analysis described in the
paragraph above, which resulted in a net present value range of $0.80 to $1.23 per share, and a midpoint net present value of
$0.98, based on a 12.0% discount rate. Taking into account the midpoint of the range of values ascribed to the Tax Receivable
Agreement implied a value of MDLY Merger Consideration per share of $3.79 (assuming Sierra Common Stock is valued at 70% of per
share NAV) after giving effect to the net present value of the tax assets under the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> <B>(b)</B> </TD><TD> <B>Analysis Assuming Consummation
                                         of MDLY Merger Only</B> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Assuming that the
MCC Merger is not consummated concurrently with the MDLY Merger, Broadhaven performed a discounted cash flow analysis of MDLY
by calculating the estimated present value (as of December 31, 2019) of the unlevered, after-tax free cash flows that MDLY was
forecasted to generate based on the MDLY Projections. Broadhaven calculated the implied terminal value of MDLY by applying a selected
range of enterprise value/EBITDA multiples of 6x to 10x, to MDLY&rsquo;s projected EBITDA for the fiscal year 2024. The present
value (as of December 31, 2019) of MDLY&rsquo;s cash flows and terminal values were then calculated using a selected range of
discount rates from 10% to 18% derived from a weighted average cost of capital calculation. This analysis indicated the approximate
implied per share equity value reference range for MDLY of $5.36 to $13.16, as compared to an implied value of MDLY Merger Consideration
per share of $3.69 (assuming Sierra Common Stock is valued at 70% of per share NAV) before giving effect to the net present value
of the tax assets under the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In addition, assuming
that the MCC Merger is not consummated concurrently with the MDLY Merger, Broadhaven performed an analysis of the net present
value of the tax assets under the Tax Receivable Agreement in a manner similar to the discounted cash flow analysis described
in the paragraph above, which resulted in a net present value of $0.95, based on a 12.0% discount rate. Taking into account the
midpoint of the range of values ascribed to the Tax Receivable Agreement implied a value of MDLY Merger Consideration per share
of $2.74 (assuming Sierra Common Stock is valued at 70% of per share NAV) after giving effect to the net present value of the
tax assets under the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Selected Precedent
Transactions Analysis.&nbsp;&nbsp;&nbsp;&nbsp;</I>Broadhaven also reviewed the purchase prices paid in 6 publicly announced selected
transactions based on publicly available information and calculated the respective enterprise value to EBITDA ratios. This analysis
indicated a range of enterprise value to pro form EBITDA ratio of 11.9x to 13.6x and a range of enterprise value to step-up adjusted
EBITDA ratio of 10.1x to 12.3x. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"><B></B></P>

<!-- Field: Page; Sequence: 101; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->93<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> <B>(a)</B> </TD><TD> <B>Analysis Assuming Consummation
                                         of both MCC Merger and MDLY Merger</B> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Assuming that the
MCC Merger is consummated concurrently with the MDLY Merger, based on the results of this analysis and other factors that Broadhaven
considered appropriate in professional judgment, Broadhaven applied a firm value to EBITDA ratio of 12.0x &ndash; 14.0x to MDLY&rsquo;s
2019 first quarter EBITDA on an annualized basis, EBITDA for the fiscal year 2019 as provided in the MDLY Projections and EBITDA
for the fiscal year 2020 as provided in the MDLY Projections, which resulted in an implied MDLY purchase price range of $4.18
to $5.36 per share, $6.45 to $8.01 per share, and $8.89 to $20.86 per share, respectively, or, after taking into account an assumed
additional $3 million of normalized management compensation, $3.16 to $4.17, $5.42 to $6.81, and $7.87 to $9.67 per share, respectively. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In addition, Broadhaven
conducted a downside sensitivity analysis to MDLY&rsquo;s EBITDA over the projection period provided in the MDLY Projections.
Broadhaven assumed a 10% to 50% reduction in MDLY&rsquo;s revenue growth and 2% to 10% reduction in MDLY&rsquo;s EBITDA margin.
The downside sensitivity implied a MDLY purchase price range of $4.44 to $10.42 per share based on the discounted cash flows analysis. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> <B>(b)</B> </TD><TD> <B>Analysis Assuming Consummation
                                         of MDLY Merger Only</B> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Assuming that the
MCC Merger is not consummated concurrently with the MDLY Merger, Broadhaven applied a firm value to EBITDA ratio of 12.0x &ndash;
14.0x to MDLY&rsquo;s 2019 first quarter EBITDA on an annualized basis, EBITDA for the fiscal year 2019 as provided in the MDLY
Projections and EBITDA for the fiscal year 2020 as provided in the MDLY Projections, which resulted in an implied MDLY purchase
price range of $2.34 to $3.21 per share, $4.50 to $5.74 per share, and $7.29 to $8.99 per share, respectively, or, after taking
into account an assumed additional $3 million of normalized management compensation, $1.31 to $2.02, $3.48 to $4.54, and $6.27
to $7.79 per share, respectively. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In addition, Broadhaven
conducted a downside sensitivity analysis to MDLY&rsquo;s EBITDA over the projection period provided in the MDLY Projections.
Broadhaven assumed a 10% to 50% reduction in MDLY&rsquo;s revenue growth and 2% to 10% reduction in MDLY&rsquo;s EBITDA margin.
The downside sensitivity implied a MDLY purchase price range of $2.88 to $7.33 per share based on the discounted cash flows analysis. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <U>Pro Forma Value Creation Analysis</U> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> <B>(a)</B> </TD><TD> <B>Analysis Assuming Consummation
                                         of both MCC Merger and MDLY Merger</B> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Assuming that the
MCC Merger is consummated concurrently with the MDLY Merger, Broadhaven also considered the potential value creation of the Mergers
for the pre-merger Sierra Stockholders based on a comparison of (i) the net investment income per share and operating return on
equity, respectively, implied for Sierra on a standalone basis for the fiscal year 2020 as derived from the Sierra Projections
and (ii) the net investment income per share and operating return on equity, respectively, implied for the potential pro forma
Combined Company (after the completion of both Mergers) for the fiscal year 2020 as derived from the Sierra Projections, the MCC
Projections and MDLY Projections. Broadhaven also compared (1) the per share NAV of Sierra on a standalone basis as of March 31,
2019 and (2) the per share NAV of the potential pro forma Combined Company as of March 31, 2019. This analysis indicated that
the NII per share, operating ROE and the per share NAV were each greater for the pro forma Combined Company than for Sierra on
a standalone basis. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> <B>(b)</B> </TD><TD> <B>Analysis Assuming Consummation
                                         of MDLY Merger Only</B> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Assuming that the
MCC Merger is not consummated concurrently with the MDLY Merger, Broadhaven also considered the potential value creation of the
MDLY Merger for the pre-merger Sierra Stockholders based on a comparison of (i) the net investment income per share and operating
return on equity, respectively, implied for Sierra on a standalone basis for the fiscal year 2020 as derived from the Sierra Projections
and (ii) the net investment income per share and operating return on equity, respectively, implied for the potential pro forma
combined company (after the completion of the MDLY Merger only) for the fiscal year 2020 as derived from the Sierra Projections
and the MDLY Projections. Broadhaven also compared (1) the per share NAV of Sierra on a standalone basis as of March 31, 2019,
and (2) the per share NAV of the potential pro forma Combined Company as of March 31, 2019, in each case assuming $6.9 million
of cost savings on the low end and $9.7 million of cost savings on the high end. This analysis indicated that the NII per share
and operating ROE were each greater for the pro forma combined company (after the consummation of the MDLY Merger only) than for
Sierra on a standalone basis. Broadhaven noted that the MCC Merger alone is dilutive to Sierra on a NAV per share basis. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><B></B></P>

<!-- Field: Page; Sequence: 102; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->94<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(v.)</B></FONT> </TD><TD> <B><U>MCC
                                         &mdash; Process Undertaken During Phase 2</U></B> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 22, 2019,
the MCC Special Committee held a telephonic meeting with representatives of Sandler O&rsquo;Neill and Kramer Levin in attendance,
at which the MCC Special Committee considered the supplemental engagement of Sandler O&rsquo;Neill as financial advisor to assist
the MCC Special Committee in its consideration of any amendment to the MCC Merger Agreement, as well as its consideration of whether
any alternative proposed business combinations involving MCC should be pursued. The MCC Special Committee noted that the supplemental
engagement would commence if and when a settlement framework was agreed upon in connection with the MCC Stockholder Action. During
this meeting, representatives of Kramer Levin also updated the MCC Special Committee on settlement negotiations in connection
with the MCC Stockholder Action. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On March 26, 2019,
the MCC Special Committee met with representatives of Kramer Levin in attendance to discuss the status of settlement negotiations
in connection with the MCC Stockholder Action. Representatives of Kramer Levin reviewed with the MCC Special Committee the terms
of a potential settlement agreement, including amending the MCC Merger Agreement to allow for a go-shop process. The MCC Special
Committee also discussed its options if the MCC Merger Agreement was terminated, including conducting a go-shop process or pursuing
a standalone option. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 4, 2019,
the MCC Special Committee entered into a supplemental financial advisory engagement letter with Sandler O&rsquo;Neill. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 15, 2019,
certain parties in the MCC Stockholder Action entered into the Term Sheet among Brook Taube, Seth Taube, Jeff Tonkel, Mark Lerdal,
Karin Hirtler-Garvey, John E. Mack, Arthur S. Ainsberg, MCC, MCC Advisors, Medley LLC, and Medley Group LLC (together, the &ldquo;<B><I>Medley
Parties</I></B>&rdquo;), on the one hand, and FrontFour Capital Group LLC and FrontFour Master Fund, Ltd. (together, &ldquo;<B><I>FrontFour</I></B>&rdquo;),
on behalf of itself and a class of similarly situated stockholders of MCC, on the other hand. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 15, 2019,
in connection with the execution of the Term Sheet, David A. Lorber and Lowell W. Robinson were appointed to the MCC Board. In
addition, the MCC Board added Messrs. Lorber and Robinson to the MCC Special Committee, with Mr. Lorber serving as Chair of the
MCC Special Committee. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 18, 2019,
representatives of Kramer Levin sent a request on behalf of MCC to representatives of S&amp;W that Sierra consent to the amendments
to the MCC Merger Agreement contemplated by the Term Sheet. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On April 23, 2019,
the MCC Special Committee met with representatives of Kramer Levin in attendance to discuss a letter sent to representatives of
Kramer Levin from representatives of S&amp;W on April 23, 2019, which communicated the Sierra Special Committee&rsquo;s declination
to consent to the amendments to the MCC Merger Agreement contemplated by the Term Sheet. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The MCC Special
Committee then held a telephonic meeting on May 6, 2019 with representatives of Kramer Levin in attendance during which the MCC
Special Committee discussed the retention of an additional financial advisor for the purposes of advising the MCC Special Committee
on a potential go-shop of MCC should the MCC Merger Agreement be amended to permit a go-shop process. The MCC Special Committee
considered three potential financial advisors, including Houlihan Lokey. The MCC Special Committee evaluated each firm&rsquo;s
qualifications to run a go-shop process for MCC. The MCC Special Committee also assessed whether Houlihan Lokey had any conflicts
that would disable it from rendering independent advice to the Special Committee. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 9, 2019,
the MCC Special Committee met with representatives of Sandler O&rsquo;Neill, Houlihan Lokey and Kramer Levin in attendance. At
the direction of the MCC Special Committee, representatives of Sandler O&rsquo;Neill discussed the information it had reviewed
on each of MCC, Sierra and MDLY, including an updated financial review of each company, additional business information on MDLY
and preliminary updated pro-forma information for the Combined Company. The MCC Special Committee also held discussions with Houlihan
Lokey regarding Houlihan Lokey&rsquo;s potential engagement as an additional financial advisor for the purposes of advising the
MCC Special Committee on a potential go-shop of MCC should the MCC Merger Agreement be amended to contemplate this or be terminated.
The MCC Special Committee evaluated Houlihan Lokey&rsquo;s experience and qualifications, particularly in the BDC market. The
MCC Special Committee also continued to assess whether Houlihan Lokey had conflicts that should disqualify it from rendering independent
advice to the Special Committee. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 15, 2019,
the MCC Special Committee held a telephonic meeting with representatives of Sandler O&rsquo;Neill and Kramer Levin in attendance,
at which the MCC Special Committee, with the assistance of Sandler O&rsquo;Neill and Kramer Levin, reviewed a proposal from the
Sierra Special Committee regarding proposed amendments to the MCC Merger Agreement (the &ldquo;<B><I>Initial Proposal</I></B>&rdquo;).
The Initial Proposal provided for a stock-for-stock merger in which MCC Stockholders would receive Sierra Common Stock in exchange
for their existing shares of MCC Common Stock using a proposed exchange ratio of 0.65 shares of Sierra Common Stock for each share
of MCC Common Stock. The Initial Proposal also provided for a 30 day go-shop period for each of Sierra and MCC with a $6 million
termination fee if the go-shop yielded a new deal. Sandler O&rsquo;Neill discussed with the MCC Special Committee the financial
aspects of the Initial Proposal. The MCC Special Committee considered the potential dilution of NAV per share of MCC Common Stock
and potential accretion to NII per share from the Initial Proposal. The MCC Special Committee also considered the impact that
the Settlement Amount would have on NAV and NII per share and the potential discount to NAV at which the Combined Company would
likely trade. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 15, 2019,
representatives of Broadhaven shared with Sandler O&rsquo;Neill a NAV roll-forward reconciliation showing NAV data of Sierra and
MCC as of June 30, 2018 and March 31, 2019, together with adjustments to March 31, 2019 NAV, and also showing estimated potential
NAV data of Sierra and MCC as of June 30, 2019 based on downside credit risk assumptions provided by Management. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 103; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->95<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 17, 2019,
the MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin in attendance, to
further discuss the Initial Proposal. The MCC Special Committee considered, among other things, the potential financial impact
of the Initial Proposal on MCC and the terms surrounding the go-shop process and determined to reject the Initial Proposal, noting,
in particular, that the Initial Proposal contemplated a $6 million termination fee if the go-shop yielded a new deal. The MCC
Special Committee requested that Sandler O&rsquo;Neill provide a counter-proposal to the Sierra Special Committee based on the
financial terms of the MCC Merger Agreement, including a proposed exchange ratio of 0.805, as an initial framework for discussions
between the MCC and Sierra Special Committees (the &ldquo;<B><I>Counter-Proposal</I></B>&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 21, 2019,
the MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin in attendance to discuss
the Sierra Special Committee&rsquo;s response to the Counter-Proposal. Representatives of Sandler O&rsquo;Neill conveyed to the
MCC Special Committee that the Sierra Special Committee had rejected the Counter-Proposal, but did not provide a counter-proposal.
Sandler O&rsquo;Neill reviewed with the MCC Special Committee additional information regarding MDLY. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 22, 2019,
the MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin in attendance to consider
the termination of the MCC Merger Agreement given that the Sierra Special Committee had rejected the Counter-Proposal and had
not provided an additional counter-proposal. The MCC Special Committee requested that if the MCC Special Committee did not receive
an update from the Sierra Special Committee within the next day, Sandler O&rsquo;Neill convey a message to Broadhaven that unless
the MCC Special Committee receives a more detailed proposal regarding amendments to the MCC Merger Agreement, including a date
for a meeting between the special committees or their respective advisors, the MCC Special Committee would focus its attention
on pursuing alternative strategic or standalone options (the &ldquo;<B><I>MCC Special Committee Request</I></B>&rdquo;).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 27, 2019,
the MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin in attendance to discuss
the Sierra Special Committee&rsquo;s response to the MCC Special Committee Request. Representatives of Sandler O&rsquo;Neill conveyed
to the MCC Special Committee that the Sierra Special Committee did not want to meet until the MCC Special Committee had made a
specific proposal on the proposed exchange ratio that was less than 0.805. The MCC Special Committee discussed with Sandler O&rsquo;Neill
the financial effects of reducing the proposed exchange ratio to various levels. The MCC Special Committee considered that an
exchange ratio of 0.77, even without taking into account the Settlement Amount, would provide greater potential accretion to NAV
per share of MCC Common Stock than the previous 0.805 exchange ratio (based on the NAV at the time the MCC Merger Agreement was
entered into in August 2018). Sandler O&rsquo;Neill also reviewed with the MCC Special Committee the implied valuation of MDLY
in the proposed MDLY Merger and its potential impact on the value of the consideration to be received under a proposed amended
MCC Merger Agreement. The MCC Special Committee requested that Sandler O&rsquo;Neill provide a counter-proposal to the Sierra
Special Committee proposing an exchange ratio of 0.77 to be used as a framework for negotiating key terms of amendments to the
MCC Merger Agreement (the &ldquo;<B><I>MCC Special Committee Response</I></B>&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 29, 2019,
the MCC Special Committee met telephonically with representatives of Sandler O&rsquo;Neill and Kramer Levin to review various
additional financial data supporting the MCC Special Committee Response and to discuss various other provisions to be negotiated
with the Sierra Special Committee, including provisions relating to a go-shop process. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 30, 2019,
the MCC and Sierra Special Committees held an in-person meeting with representatives of Sandler O&rsquo;Neill, Broadhaven, Kramer
Levin and S&amp;W in attendance to consider the MCC Special Committee Response. The MCC and Sierra Special Committees engaged
in extensive discussion regarding the proposed exchange ratio, the terms of a go-shop process and the proposed valuation of MDLY.
The MCC and Sierra Special Committee then met separately with their respective advisors. After further discussion, representatives
of Broadhaven reported that the Sierra Special Committee proposed an exchange ratio of 0.70, a 60 day go-shop period that was
reciprocal for Sierra and MCC and up to $4 million in expense reimbursements in lieu of a termination fee (the &ldquo;<B><I>Sierra
Response Proposal</I></B>&rdquo;). After additional discussion, the MCC and Sierra Special Committees determined to proceed with
further negotiations using the Sierra Response Proposal as a framework for discussions. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The MCC Special
Committee held telephonic meetings on June 8, 2019 and June 11, 2019 with representatives of Sandler O&rsquo;Neill and Kramer
Levin in attendance to discuss an update to the Sierra Response Proposal received from the Sierra Special Committee on June 7,
2019 (&ldquo;<B><I>Updated Sierra Response Proposal</I></B>&rdquo;). The Updated Sierra Response Proposal included a lower exchange
ratio of 0.68, due to concerns expressed by the Sierra Special Committee regarding MCC&rsquo;s potential litigation costs and
coverage by insurance, and a 60 day go-shop period with up to $4 million in expense reimbursements if either party accepts a superior
proposal during the go-shop period. Sandler O&rsquo;Neill discussed with the MCC Special Committee financial aspects of the Updated
Sierra Response Proposal. On June 11, 2019, the MCC Special Committee determined to reject the Updated Sierra Response Proposal,
noting, in particular, that the $4 million expense reimbursement was problematic from MCC&rsquo;s perspective. The MCC Special
Committee requested that Sandler O&rsquo;Neill provide a counter-proposal to the Sierra Special Committee proposing: (i) an exchange
ratio of 0.70 (as previously proposed by Sierra in the Sierra Response Proposal), (ii) a 60 day go-shop period with up to $1 million
in expense reimbursements if either party accepts a superior proposal during the go-shop period; and (iii) certain additional
changes to the terms of the go-shop period (the &ldquo;<B><I>MCC Response Proposal</I></B>&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The MCC Special
Committee held telephonic meetings on June 12, 2019 and June 13, 2019 with representatives of Sandler O&rsquo;Neill and Kramer
Levin to discuss the Sierra Special Committee&rsquo;s response to the MCC Response Proposal received on June 12, 2019. Representatives
of Sandler O&rsquo;Neill conveyed to the MCC Special Committee that Broadhaven had reported that the Sierra Special Committee
had rejected the MCC Response Proposal and stated that the Updated Sierra Response Proposal was its best and final offer. The
MCC Special Committee discussed the terms of the Updated Sierra Response Proposal, including its concern regarding the potential
impact of the $4 million expense reimbursement on the fairness and value of the go-shop process. The MCC Special Committee noted
that it had rejected the Updated Sierra Response Proposal on June 11, 2019. The MCC Special Committee also discussed its options
if the MCC Merger Agreement was terminated, including conducting a go-shop process or pursuing a standalone option. The MCC Special
Committee considered that termination of the MCC Merger Agreement would result in foregoing the Settlement Amount. On June 13,
2019, the MCC Special Committee determined to notify the MCC Board that it planned to recommend the termination of the MCC Merger
Agreement if the current impasse in negotiations with the Sierra Special Committee continued. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 104; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->96<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 14, 2019,
the MCC Board held a telephonic meeting with representatives of Sandler O&rsquo;Neill, Kramer Levin, Eversheds Sutherland and
MCC management in attendance. Sandler O&rsquo;Neill reviewed with the MCC Board the Updated Sierra Response Proposal. The MCC
Special Committee discussed its particular concerns with the Updated Sierra Response Proposal, including the proposed go-shop
provisions contained in the Proposal and its unwillingness to enter into a transaction that does not provide for a full and fair
go-shop process. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 20, 2019,
the MCC Special Committee held a telephonic meeting with members of Sandler O&rsquo;Neill, Kramer Levin and Ross Aronstam in attendance
to consider a revised proposal received from the Sierra Special Committee on June 19, 2019 (the &ldquo;<B><I>Second Sierra Proposal</I></B>&rdquo;).
The Second Sierra Proposal included a proposed exchange ratio of between 0.70 to 0.68 to be calculated based on the attorneys&rsquo;
fees of plaintiffs&rsquo; counsel and litigation expenses paid or incurred by plaintiffs&rsquo; counsel or advanced by plaintiffs
in connection with the MCC Stockholder Action, a 60 day go-shop period with no termination fee or expense reimbursement if MCC
accepts a superior proposal during the go-shop period and certain other terms related to the go-shop process. Sandler O&rsquo;Neill
discussed with the MCC Special Committee various aspects of the Second Sierra Proposal. The MCC Special Committee considered the
potential accretion to NAV per share and NII per share of MCC Common Stock from the Second Sierra Proposal (taking into account
the Settlement Amount). The MCC Special Committee discussed MCC&rsquo;s current significant trading discount to NAV and the deterioration
of MCC&rsquo;s NAV since August 2018. The MCC Special Committee considered expected potential trading values of the common stock
of the Combined Company in light of the current NAV discount at which MCC trades. The MCC Special Committee also discussed the
implied valuation of MDLY in the proposed MDLY Merger and its impact on the value of the consideration to be received under a
proposed amended MCC Merger Agreement. The MCC Special Committee requested that Sandler O&rsquo;Neill update its analysis regarding
the potential financial impact of the various possible valuations of MDLY on the Second Sierra Proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The MCC Special
Committee held telephonic meetings on June 21, 2019 and June 24, 2019 with representatives of Sandler O&rsquo;Neill and Kramer
Levin in attendance to further consider the Second Sierra Proposal. Sandler O&rsquo;Neill discussed with the MCC Special Committee
its updated analysis regarding the potential financial impact of the various possible valuations of MDLY on the Second Sierra
Proposal. The MCC Special Committee also discussed various benefits previously considered by the MCC Special Committee associated
with merging into a larger company, including potentially greater investment scale and a stronger portfolio with a lower proportion
of non-accruing assets and the potential advantage of operating as an &ldquo;internally-managed&rdquo; BDC. After additional discussion,
the MCC Special Committee determined to proceed with further negotiations with Sierra, using the Second Sierra Proposal as a framework. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 25, 2019,
the MCC Special Committee held a telephonic meeting with representatives of Sandler O&rsquo;Neill and Kramer Levin in attendance
to consider a revised proposal from the Sierra Special Committee on June 24, 2019 (the &ldquo;<B><I>Third Sierra Proposal</I></B>&rdquo;).
The Third Sierra Proposal contained revised financial terms regarding the proposed amendments to the MDLY Merger Agreement, which
impacted the implied valuation of MDLY in the proposed MDLY Merger. Sandler O&rsquo;Neill reviewed with the MCC Special Committee
its financial analysis associated with the Third Sierra Proposal. The MCC Special Committee considered the potential accretion
to NAV per share and NII per share from the Third Sierra Proposal (taking into account the Settlement Amount). The MCC Special
Committee also considered expected potential trading values of the common stock of the Combined Company in light of the current
NAV discount at which MCC trades, noting the potential accretion in stock value for MCC Stockholders. The MCC Special Committee
also discussed the proposed valuation of MDLY pursuant to the Third Sierra Proposal and its impact on the value of the consideration
to be received by MCC Stockholders pursuant to the Proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 30, 2019,
the MCC Special Committee held a telephonic meeting with representatives of Kramer Levin in attendance to discuss the Third Sierra
Proposal. The MCC Special Committee observed that the Sierra Special Committee indicated (through communication to Kramer Levin
by its counsel) its intention to finalize the Third Sierra Proposal after reviewing MCC&rsquo;s preliminary second calendar quarter
financial projections provided by Management. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 8, 2019,
the MCC Special Committee held a telephonic meeting with members of Sandler O&rsquo;Neill and Kramer Levin to consider a revised
proposal received from the Sierra Special Committee on July 3, 2019 (the &ldquo;<B><I>Fourth Sierra Proposal</I></B>&rdquo;),
which included a proposed revised exchange ratio of between 0.68 to 0.66 to be calculated based on plaintiffs&rsquo; counsel fees
(the &ldquo;<B><I>Proposed Exchange Ratio</I></B>&rdquo;). Sandler O&rsquo;Neill conveyed to the MCC Special Committee that the
proposed exchange ratio had been lowered in the Fourth Sierra Proposal based on the preliminary June 30, 2019 MCC financial projections
provided by Management. Sandler O&rsquo;Neill reviewed with the MCC Special Committee its updated financial analysis reflecting
the Fourth Sierra Proposal. The MCC Special Committee considered the potential accretion to NAV per share and NII per share of
MCC Common Stock from the Fourth Sierra Proposal (taking into account the Settlement Amount). The MCC Special Committee also discussed
expected potential trading values of the common stock of the Combined Company. The MCC Special Committee considered additional
proposed terms for a proposed amended MCC Merger Agreement, including the go-shop related provisions. The MCC Special Committee
members discussed the importance of providing for an open and fair go-shop process for MCC. The MCC Special Committee requested
that Kramer Levin send S&amp;W a revised proposed amended MCC Merger Agreement reflecting the terms discussed. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The MCC Special
Committee held telephonic meetings on July 16, 2019 and July 18, 2019 with representatives of Sandler O&rsquo;Neill and Kramer
Levin in attendance to discuss the Fourth Sierra Proposal and the terms of the proposed amended MCC Merger Agreement. Representatives
of Kramer Levin conveyed to the MCC Special Committee that representatives of S&amp;W indicated that the Sierra Special Committee
stated that the Proposed Exchange Ratio in the Fourth Sierra Proposal was final. Representatives of Kramer Levin summarized the
material terms of the proposed amended MCC Merger Agreement and reported on several provisions that Kramer Levin viewed as requiring
further negotiation, including provisions relating to the go-shop, funding of the Settlement Amount and a mutual waiver and release.
Over this time period, Kramer Levin and S&amp;W engaged in negotiations concerning and exchanged revised drafts of the proposed
MCC Merger Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 105; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->97<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 19, 2019,
the MCC Board held a telephonic meeting with representatives of Kramer Levin, Sandler O&rsquo;Neil, Eversheds Sutherland and MCC
management in attendance. The MCC Special Committee discussed the status of its negotiations with the Sierra Special Committee.
Later that day, the MCC Special Committee held a telephonic meeting with representatives of Sandler O&rsquo;Neill and Kramer Levin
in attendance to consider the Fourth Sierra Proposal. The MCC Special Committee discussed the go-shop provisions pursuant to the
Fourth Sierra Proposal, including the lack of a termination fee or expense reimbursement if MCC accepts a superior proposal during
the go-shop period. The MCC Special Committee considered that the go-shop process contemplated a broad definition of competing
proposals, which include third-party proposals to become the primary investment manager of MCC, among other strategic alternative
transactions. The MCC Special Committee further considered the financial effects of the Fourth Sierra Proposal, including the
Settlement Amount. After further discussion, the MCC Special Committee determined to proceed with further negotiations with Sierra
using the Fourth Sierra Proposal as a framework for the definitive agreements among the parties. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Over the next several
days, representatives of each of Eversheds Sutherland, Potter Anderson, S&amp;W and Kramer Levin, together with representatives
of the MCC Special Committee, the Sierra Special Committee and the MDLY Special Committee, engaged in extensive discussions and
negotiations concerning, and exchanged numerous revised drafts of, the proposed amended MCC Merger Agreement and the proposed
amended MDLY Merger Agreement. Such discussions and negotiations included the issues that the MCC Special Committee had identified
previously as necessitating additional consideration, including provisions relating to the go-shop and the funding of the Settlement
Amount. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 23, 2019,
the MCC Special Committee and the MCC Board held a joint telephonic meeting with members of Sandler O&rsquo;Neill, Kramer Levin,
Eversheds Sutherland and MCC management in attendance. Representatives of Sandler O&rsquo;Neill reviewed on a preliminary basis
Sandler O&rsquo;Neill&rsquo;s financial analyses relating to the Proposed Exchange Ratio and Settlement Amount to be received
by the holders of MCC Common Stock in connection with the proposed transaction with Sierra. Representatives of Kramer Levin summarized
the material terms of the updated proposed amended MCC Merger Agreement, Settlement and Governance Agreement and the proposed
amended MDLY Merger Agreement reflecting the most recent negotiations, and reported on the resolution of various issues during
the course of negotiations with Eversheds Sutherland, Potter Anderson and S&amp;W. In addition, representatives of Eversheds Sutherland
also discussed the proposed amended MDLY Merger Agreement. Representatives of Kramer Levin updated the MCC Board regarding outstanding
issues that remained subject to further negotiations with Sierra. The MCC Board further discussed the potential benefits of the
proposed amended MCC Merger Agreement to MCC and the MCC Stockholders (including the go-shop process provided for under the proposed
amended MCC Merger Agreement) and also considered various risks/challenges posed by the proposed transaction (as identified below
under &ldquo;Reasons for the Mergers &mdash; MCC&rsquo;s Reasons for the Transactions&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 24, 2019,
the MCC Special Committee, and later the MCC Board, met telephonically to consider the most recently updated proposed amended
MCC Merger Agreement (reflecting the most recent negotiations), the proposed transactions contemplated therein, including the
MCC Merger, and related matters, including the proposed Settlement and Governance Agreement. Sandler O&rsquo;Neill also updated
the MCC Special Committee and the MCC Board on the status of its financial analyses, which had been impacted by a change relating
to MDLY&rsquo;s capitalization reflected in the updated terms of the proposed amended MDLY Merger Agreement. Sandler O&rsquo;Neill
informed the MCC Special Committee and the MCC Board that it did not expect this change would have a material impact on its analyses
and that it would provide the MCC Special Committee and the MCC Board with updated financial analyses when available. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 28, 2019,
the MCC Special Committee met telephonically to consider the most recently updated proposed amended MCC Merger Agreement (reflecting
the most recent negotiations), the proposed transactions contemplated therein, including the MCC Merger, and related matters.
Representatives of Kramer Levin reviewed with the MCC Special Committee the most recent updated proposed amended MCC Merger Agreement,
the proposed amended MDLY Merger Agreement, and the proposed Settlement and Governance Agreement. In addition, representatives
of Eversheds Sutherland also discussed the proposed amended MDLY Merger Agreement. Representatives of Kramer Levin also reviewed
the processes undertaken by the MCC Special Committee in its consideration of the proposed transactions and potential alternatives,
and reviewed again the duties of the members of the MCC Special Committee in connection with such consideration. Sandler O&rsquo;Neill
presented its updated financial analyses relating to the MCC Merger Consideration, taken together with the payment of the Settlement
Amount. Sandler O&rsquo;Neill confirmed that the change relating to MDLY&rsquo;s capitalization reflected in the proposed amended
MDLY Merger Agreement did not have a material impact on its analyses. In addition, Sandler O&rsquo;Neill rendered to the MCC Special
Committee its opinion, initially rendered verbally and confirmed by delivery of a written opinion to the MCC Special Committee,
dated July 28, 2019, to the effect that as of that date and based upon and subject to various assumptions, matters considered
and limitations described in its opinion, the MCC Merger Consideration taken together with the per share payment of the Settlement
Amount (as defined in the proposed amended MCC Merger Agreement), was fair to the holders of shares of MCC Common Stock (other
than Sierra, MDLY and their respective affiliates and those holders of MCC Common Stock who are not Eligible Class Members) from
a financial point of view. Following a further discussion of the benefits, risks and challenges of the proposed amended MCC Merger
Agreement, the MCC Special Committee determined that the proposed MCC Merger was in the best interests of MCC Stockholders and
unanimously recommended that the MCC Board approve the proposed amended MCC Merger Agreement and the transactions contemplated
thereby, including the MCC Merger. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Later on July 28,
2019, the MCC Board, including all members of the MCC Special Committee, met telephonically to consider and act on the proposed
amended MCC Merger Agreement, the transactions contemplated thereby, including the MCC Merger, and related matters, including
the Settlement and the Governance Agreement. The Chair of the MCC Special Committee reported on the MCC Special Committee&rsquo;s
actions taken and recommendations made earlier in the day. After further discussion, on the basis of the MCC Special Committee&rsquo;s
recommendation, the MCC Board unanimously determined that the amended MCC Merger Agreement and the transactions contemplated thereby,
including the MCC Merger, were advisable and in the best interests of MCC and the MCC Stockholders, directed that the amended
MCC Merger Agreement and the MCC Merger be submitted to the MCC Stockholders for approval and resolved to recommend that the MCC
Stockholders vote to approve the amended MCC Merger Agreement and the transactions contemplated thereby, including the MCC Merger.
In addition, the MCC Board: (i) determined that the Settlement and the terms contemplated thereby are advisable and in the best
interests of MCC and MCC Stockholders and approved and declared advisable the Settlement and the terms contemplated thereby; and
(ii) determined that the Governance Agreement and the terms contemplated thereby are advisable and in the best interests of MCC
and MCC Stockholders and approved and declared advisable the Governance Agreement and the terms contemplated thereby. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 106; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->98<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.25in"> <B>vi.</B> </TD><TD STYLE="padding-left: -0.125in; text-align: justify"> <B><U>Summary of Financial Presentation by Sandler O&rsquo;Neill,
                                         dated July 28, 2019, to the MCC Special Committee</U></B> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In rendering its
opinion, dated July 28, 2019, Sandler O&rsquo;Neill performed a variety of financial analyses. The brief summary below is not
a complete description of all the analyses underlying Sandler O&rsquo;Neill&rsquo;s opinion in Appendix C attached hereto or the
presentation made by Sandler O&rsquo;Neill to the MCC Special Committee, but is a summary of the material analyses performed and
presented by Sandler O&rsquo;Neill. The preparation of a fairness opinion is a complex process involving subjective judgments
as to the most appropriate and relevant methods of financial analysis and the application of those methods to the particular circumstances.
The process, therefore, is not necessarily susceptible to a partial analysis or summary description. Sandler O&rsquo;Neill believes
that its analyses must be considered as a whole and that selecting portions of the factors and analyses to be considered without
considering all factors and analyses, or attempting to ascribe relative weights to some or all such factors and analyses, could
create an incomplete view of the evaluation process underlying its opinion. Also, no company included in Sandler O&rsquo;Neill&rsquo;s
comparative analyses described below is identical to MCC, Sierra or MDLY and no transaction is identical to the MCC Merger. Accordingly,
an analysis of comparable companies or transactions involves complex considerations and judgments concerning differences in financial
and operating characteristics of the companies and other factors that could affect the public trading values or merger transaction
values, as the case may be, of MCC, Sierra and MDLY and the companies to which they were compared. In arriving at its opinion,
Sandler O&rsquo;Neill did not attribute any particular weight to any analysis or factor that it considered. Rather, Sandler O&rsquo;Neill
made qualitative judgments as to the significance and relevance of each analysis and factor. Sandler O&rsquo;Neill did not form
an opinion as to whether any individual analysis or factor (positive or negative) considered in isolation supported or failed
to support its opinion, rather, Sandler O&rsquo;Neill made its determination as to the fairness of the MCC Merger Consideration,
taken together with the payment of the Settlement Amount, to the holders of MCC Common Stock (other than Sierra, MDLY, and their
respective affiliates and those holders of MCC Common Stock who are not eligible to fully participate in the Settlement) on the
basis of its experience and professional judgment after considering the results of all its analyses taken as a whole. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In performing its
analyses, Sandler O&rsquo;Neill also made numerous assumptions with respect to industry performance, business and economic conditions
and various other matters, many of which cannot be predicted and are beyond the control of MCC, Sierra, MDLY and Sandler O&rsquo;Neill.
The analyses performed by Sandler O&rsquo;Neill are not necessarily indicative of actual values or future results, both of which
may be significantly more or less favorable than suggested by such analyses. Sandler O&rsquo;Neill prepared its analyses solely
for purposes of rendering its opinion and provided such analyses to the MCC Special Committee at its July 28, 2019 meeting. Estimates
of the values of companies do not purport to be appraisals or necessarily reflect the prices at which companies or their securities
may actually be sold. Such estimates are inherently subject to uncertainty and actual values may be materially different. Accordingly,
Sandler O&rsquo;Neill&rsquo;s analyses do not necessarily reflect the value of MCC Common Stock, Sierra Common Stock or MDLY Common
Stock or the prices at which MCC Common Stock, Sierra Common Stock or MDLY Common Stock may be sold at any time. The analyses
of Sandler O&rsquo;Neill and its opinion were among a number of factors taken into consideration by the MCC Special Committee
in making its determination to approve of MCC&rsquo;s entry into the Amended MCC Merger Agreement and the analyses described below
should not be viewed as determinative of the decision of the MCC Special Committee, the MCC Board or MCC&rsquo;s management with
respect to the fairness of the MCC Merger. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In arriving at
its opinion Sandler O&rsquo;Neill did not attribute any particular weight to any analysis or factor that it considered. Rather
it made qualitative judgments as to the significance and relevance of each analysis and factor. Sandler O&rsquo;Neill did not
form an opinion as to whether any individual analysis or factor (positive or negative) considered in isolation supported or failed
to support its opinions; rather, Sandler O&rsquo;Neill made its determination as to the fairness of the MCC Merger Consideration,
taken together with the payment of the Settlement Amount, on the basis of its experience and professional judgment after considering
the results of all its analyses taken as a whole. To be conservative, the assumed per share payment of $0.31 in cash and an additional
0.08 of a share of Sierra Common Stock in connection with the Settlement Amount utilized by Sandler O&rsquo;Neill in its analyses
assumed that all holders of MCC Common Stock are eligible to fully participate in the Settlement Amount. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 107; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->99<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>Comparable Company Analysis</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Sandler O&rsquo;Neill
used publicly available information to compare selected financial information for MCC with two groups of BDCs selected by Sandler
O&rsquo;Neill. One group consisted of the following 46 BDCs publicly traded on the NYSE or National Association of Securities Dealers Automated Quotations (&ldquo;NASDAQ&rdquo;) (&ldquo;Comparable Company Group
1&rdquo;) and the other group consisted of the following two senior/floating fund BDCs (&ldquo;Comparable Company Group 2&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 48%; text-align: justify; padding-top: 0; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Comparable
    Company Group 1:</I></FONT> </TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-top: 0; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid"> &nbsp; </TD>
    <TD STYLE="width: 51%; padding-top: 0; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alcentra
    Capital Corp.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Main
    Street Capital Corporation</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Apollo
    Investment Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Monroe
    Capital Corp.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ares
    Capital Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MVC
    Capital, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bain
    Capital Specialty Finance</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
    Mountain Finance Corporation</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Barings
    BDC, Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Newtek
    Business Services Corp. </FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Blackrock
    Capital Investment Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Oaktree
    Specialty Lending</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Blackrock
    TCP Capital Corp.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Oaktree
    Strategic Income Corporation </FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capital
    Southwest Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OFS
    Capital Corp. </FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capitala
    Finance Corp.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OHA
    Investment Corp.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CM
    Finance</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Oxford
    Square Capital Corp.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Equus
    Total Return</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PennantPark
    Investment Corporation</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fidus
    Investment Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Portman
    Ridge Financial Corporation </FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Firsthand
    Technology Value Fund, Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prospect
    Capital Corporation</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FS
    KKR Capital Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rand
    Capital Corporation </FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Garrison
    Capital Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Saratoga
    Investment Corp.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gladstone
    Capital Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Solar
    Capital Ltd.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gladstone
    Investment Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stellus
    Capital Investment Corporation</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Goldman
    Sachs BDC, Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TCG
    BDC</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Golub
    Capital BDC, Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THL
    Credit, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GSV
    Capital Corp.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tortoise
    Pipeline &amp; Energy Fund, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Harvest
    Capital Credit Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TPG
    Specialty Lending</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hercules
    Technology Growth Capital, Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TriplePoint
    Venture Growth BDC</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Horizon
    Technology Finance Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0; padding-top: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-top: 0; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WhiteHorse
    Financial Inc.</FONT> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: justify; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Comparable
    Company Group 2</I></FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 48%; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PennantPark
    Floating Rate Capital</FONT> </TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.25pt"> &nbsp; </TD>
    <TD STYLE="width: 51%; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Solar
    Senior Capital Ltd.</FONT> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> To the extent publicly
available, the analysis compared financial information for MCC and the comparable companies as of or for the period ended March
31, 2019 and market performance data for MCC and the comparable companies based on market prices as of July 26, 2019, publicly
available financial information as of or for the period ended March 31, 2019 and consensus research analysts earnings per share
(&ldquo;EPS&rdquo;) estimates for the calendar years 2019 and 2020. The analysis compared the stock price-to-NAV multiple for
MCC of 0.46x to the corresponding median and mean multiples of 0.88x and 0.90x, respectively, for Comparable Company Group 1 and
0.95x and 0.95x, respectively, for Comparable Company Group 2. The analysis also reviewed the median and mean stock price-to-2019
EPS multiples of 10.1x and 10.5x, respectively, for Comparable Company Group 1 and 11.0x and 11.0x, respectively, for Comparable
Company Group 2. The analysis further reviewed the median and mean stock price-to-2020 EPS multiple of 9.9x and 9.9x, respectively,
for Comparable Company Group 1 and 10.9x and 10.9x, respectively, for Comparable Company Group 2. In addition, the analysis reviewed
the median and mean current dividend yield of 9.4% and 8.9%, respectively, for Comparable Company Group 1 and 9.1% and 9.1%, respectively,
for Comparable Company Group 2. The stock price-to-NAV multiple, stock stock price-to-2019 EPS multiple, stock price-to-2020 EPS
multiple and current dividend yield for MCC were considered not meaningful for comparative purposes. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>MCC &mdash; Analysis at Various Multiples</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Sandler O&rsquo;Neill
performed an analysis that calculated per share implied prices of MCC Common Stock and corresponding aggregate implied MCC equity
values by applying various illustrative stock price-to-NAV per share multiples ranging from 0.46x to 1.10x to the reported standalone
NAV per share as of March 31, 2019 of MCC. This analysis indicated per share implied prices of MCC Common Stock ranging from $2.33
to $5.62 and corresponding aggregate implied MCC equity values ranging from $126.925 million to $306.153 million. Sandler O&rsquo;Neill
then calculated various implied standalone metrics using certain financial projections for MCC for the calendar years 2019 and
2020 provided by Management. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 108; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->100<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>Sierra &mdash; Analysis at Various Multiples</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Sandler O&rsquo;Neill
performed an analysis that calculated per share implied prices of Sierra Common Stock and corresponding aggregate implied Sierra
equity values by applying various illustrative stock price-to-NAV per share multiples ranging from 0.50x to 1.00x to the reported
standalone NAV per share as of March 31, 2019 of Sierra. This analysis indicated per share implied prices of Sierra Common Stock
ranging from $3.35 to $6.71 and corresponding aggregate implied Sierra equity values ranging from $333.683 million to $667.367
million. Sandler O&rsquo;Neill then calculated various implied standalone metrics using certain financial projections for Sierra
for the calendar years 2019 and 2020 provided by Management. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>Precedent Transactions Analysis</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Sandler O&rsquo;Neill
reviewed the following nine selected mergers and acquisitions involving BDCs announced between August 3, 2009 and November 28,
2018: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Buyer/Target</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Golub Capital BDC,
Inc./Golub Capital Investment Corporation </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> FS Investment Corporation/Corporate
Capital Trust Inc. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Barings LLC/Triangle
Capital Corporation </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Benefit Street
Partners LLC/Triangle Capital Corporation </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> CION Investment
Corp./Credit Suisse Park View BDC, Inc. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Ares Capital Corporation/American
Capital, LTD </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> PennantPark Floating
Rate Capital/MCG Capital Corporation </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Ares Capital Corporation/Allied
Capital Corporation </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Prospect Capital
Corporation/Patriot Capital Funding </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Using the latest
publicly available information prior to the announcement of the relevant transaction in the case of the eight selected transactions
for which such information was available, Sandler O&rsquo;Neill reviewed the following transaction metrics: transaction price
to NAV, and transaction price to year-to-date (&ldquo;YTD&rdquo;) net investment income (annualized), Sandler O&rsquo;Neill also
reviewed the 1-day market premium in the case of the five selected transactions in which the target company was publicly traded.
Sandler O&rsquo;Neill reviewed the high, median, mean and low transaction price to NAV multiples for the selected transactions
of 1.16x, 0.86x, 0.84x, and 0.52x, respectively. Sandler O&rsquo;Neill also reviewed the high, median, mean and low transaction
price to YTD net investment income (annualized) multiples for the selected transactions (excluding the impact of the YTD net investment
income (annualized) multiple for one of the selected transactions, which multiple was considered not meaningful) of 14.51x, 12.19x,
10.89x, and 4.29x, respectively. In addition, Sandler O&rsquo;Neill reviewed the high, median, mean and low 1-day market premiums
for the selected transactions of 105.20%, 15.80%, 32.22% and 1.70%, respectively. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>Pro Forma Merger Analysis</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Sandler O&rsquo;Neill
analyzed certain potential pro forma effects of the Mergers based on potential exchange ratios in the MCC Merger of 0.66x and
0.68x and the assumed per share payment of $0.31 in cash and an additional 0.08 of a share of Sierra Common Stock in connection
with the Settlement Amount. Sandler O&rsquo;Neill utilized certain financial projections for MCC, Sierra and MDLY for the calendar
years 2019 and 2020 and certain assumptions relating to cost savings, purchase accounting adjustments, transaction expenses and
tax benefits, all as provided by Management. The analysis indicated that the Mergers could be accretive to Sierra&rsquo;s 2019
estimated net investment income per share by approximately 13.3% based on a 0.66x exchange ratio in the MCC Merger and approximately
12.5% based on a 0.68x exchange ratio in the MCC Merger (in each case giving effect to the assumed per share payment in the Settlement).
This analysis also indicated that, based on Sierra&rsquo;s projected pro forma financial results attributable to a share of MCC
Common Stock using a 0.66x exchange ratio in the MCC Merger, the Mergers could be accretive relative to MCC&rsquo;s 2019 estimated
net investment income per share by approximately 35.6% (or 25.83% assuming for informational purposes at the request of the MCC
Special Committee that MDLY&rsquo;s projected financial performance in calendar year 2020 remained the same as it was projected
to be in calendar year 2019) and accretive relative to MCC&rsquo;s reported NAV per share as of March 31, 2019 by approximately
3.91% (in each case giving effect to the assumed per share payment in connection with the Settlement Amount). This analysis further
indicated that, based on Sierra&rsquo;s projected pro forma financial results attributable to a share of MCC Common Stock using
a 0.68x exchange ratio in the MCC Merger, the Mergers could be accretive relative to MCC&rsquo;s 2019 estimated net investment
income per share by approximately 38.31% (or 28.3% assuming for informational purposes at the request of the MCC Special Committee
that MDLY&rsquo;s projected financial performance in calendar year 2020 remained the same as it was projected to be in calendar
year 2019) and accretive relative to MCC&rsquo;s reported NAV per share as of March 31, 2019 by approximately 6.54% (in each case
giving effect to the assumed per share payment in connection with the Settlement Amount). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In connection with
this analysis, Sandler O&rsquo;Neill considered and discussed with the MCC Special Committee how the analysis would be affected
by changes in the underlying assumptions, including the impact of final purchase accounting adjustments determined at the closing
of the Mergers, and noted that the actual results achieved by the Combined Company may vary from projected results and the variations
may be material. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 109; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->101<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>Supplemental MDLY Analysis at Various Illustrative
Share Prices</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Based on various
illustrative share prices of MDLY Common Stock ranging from $0.77 to $6.00 and ranging from $0.12 to $5.35 (after adjustment to
reduce such share prices by the estimated present value of tax benefits relating to the Tax Receivable Agreement as discussed
with Management) and corresponding implied MDLY enterprise values ranging from $154.770 million to $338.598 million and ranging
from $131.921 million to $315.750 million (after adjustment to reduce such implied enterprise values by the estimated present
value of tax benefits relating to the Tax Receivable Agreement as discussed with Management)), Sandler O&rsquo;Neill reviewed
with the MCC Special Committee on a supplemental basis various implied standalone metrics using certain financial projections
for MDLY for the calendar years 2019 and 2020 provided by MDLY management. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>Supplemental Review of Selected Asset Management Companies</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Sandler O&rsquo;Neill
reviewed with the MCC Special Committee on a supplemental basis publicly available information for two groups of asset management
companies selected by Sandler O&rsquo;Neill. One group consisted of the following 21 traditional asset managers publicly traded
on the NYSE or NASDAQ (&ldquo;Asset Management Company Group 1&rdquo;) and the other group consisted of the following 8 alternative
asset managers (&ldquo;Asset Management Company Group 2&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 48%; border-bottom: Black 1.5pt solid; text-align: justify; padding-bottom: 0; border-top: Black 1.5pt solid"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Asset
    Management Company Group 1</I></FONT> </TD>
    <TD STYLE="white-space: nowrap; width: 1%; border-bottom: Black 1.5pt solid; padding-bottom: 0; border-top: Black 1.5pt solid"> &nbsp; </TD>
    <TD STYLE="width: 51%; border-bottom: Black 1.5pt solid; padding-bottom: 0; border-top: Black 1.5pt solid"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Affiliated
    Managers Group, Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Janus
    Henderson Group plc</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AllianceBernstein
    Holding, L.P.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Legg
    Mason, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Artisan
    Partners Asset Management, Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Manning
    &amp; Napier, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BlackRock,
    Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pzena
    Investment Management, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BrightSphere
    Investment Group plc</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Silvercrest
    Asset Management Group, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cohen
    &amp; Steers, Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">T.
    Rowe Price Group, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Eaton
    Vance Corp.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Victory
    Capital Holdings, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Federated
    Investors, Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Virtus
    Investment Partners, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Focus
    Financial Partners, Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Waddell
    &amp; Reed Financial, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Franklin
    Resources, Inc.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wisdom
    Tree Investments, Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Invesco,
    Ltd.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="padding-bottom: 0"> &nbsp; </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 48%; text-align: justify; border-bottom: Black 1.5pt solid; border-top: Black 1.5pt solid"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Asset
    Management Company Group 2</I></FONT> </TD>
    <TD STYLE="white-space: nowrap; width: 1%; border-bottom: Black 1.5pt solid; border-top: Black 1.5pt solid"> &nbsp; </TD>
    <TD STYLE="width: 51%; border-bottom: Black 1.5pt solid; border-top: Black 1.5pt solid"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Apollo
    Investment Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hamilton
    Lane Inc.</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ares
    Capital Corporation</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kohlberg
    Kravis Roberts &amp; Co. </FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Blackstone Group, L.P.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Oaktree
    Capital Group, LLC. </FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Carlyle Group, L.P.</FONT> </TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 0"> &nbsp; </TD>
    <TD STYLE="text-align: justify; padding-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Och-Ziff
    Capital Management Group</FONT> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> To the extent publicly
available, Sandler O&rsquo;Neill reviewed market performance data for the selected asset management companies based on market
prices as of July 19, 2019 and consensus research analysts earnings per share (&ldquo;EPS&rdquo;) estimates for the calendar years
2019 and 2020. Sandler O&rsquo;Neill reviewed the median and mean stock price-to-2019 EPS multiples of 12.3x and 11.7x, respectively,
for Asset Management Company Group 1 and 14.8x and 16.4x, respectively, for Asset Management Company Group 2. Sandler O&rsquo;Neill
also reviewed the median and mean stock price-to-2020 EPS multiple of 10.3x and 10.3x, respectively, for Asset Management Company
Group 1 and 13.2x and 13.4x, respectively, for Asset Management Company Group 2. </P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 110; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->102<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"> <B><I>v.</I></B> </TD><TD> <B><U>MDLY &mdash;
                                         Process Undertaken During Phase 2</U></B> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Following the execution
of the MDLY Merger Agreement in August 2018, the MDLY Special Committee held eight telephonic meetings between October 2018 and
April 2019 to discuss certain issues relating to the anticipated MDLY Merger Closing, including (i) the drafting and finalization
of the Sierra Joint Proxy Statement/Prospectus filed in December 2018, (ii) the requested exemptive relief from the SEC, (iii)
certain consents granted with respect to waivers of certain provisions under the MDLY Merger Agreement and the MCC Merger Agreement,
(iv) litigation and associated settlement discussions in connection with MCC Stockholder Action, (v) a possible extension of the
&ldquo;outside date&rdquo; pursuant to the MDLY Merger Agreement, and (vi) alternative proposals delivered to Sierra and MCC.
In addition, following the MDLY Board&rsquo;s receipt of a proposal from NexPoint/Highland on March 20, 2019, the MDLY Special
Committee met to discuss the proposal and Management&rsquo;s and the Medley LLC Unitholders&rsquo; views with respect thereto.
The proposal from NexPoint/Highland contemplated an acquisition of Medley LLC from the Medley LLC Unitholders and a subsequent
acquisition of MDLY. Due to the Medley LLC Unitholders&rsquo; lack of support for the proposal, among other reasons, the MDLY
Special Committee determined not to engage with NexPoint/Highland. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 14, 2019,
representatives of S&amp;W held a telephonic meeting with representatives of Potter Anderson. On that call, representatives of
S&amp;W informed representatives of Potter Anderson that the Sierra Special Committee was not prepared to proceed with the MDLY
Merger on the then-present economic terms. Representatives of S&amp;W further stated that they would be providing a proposal with
revised economic terms and would be willing to commence discussions regarding associated amendments to the MDLY Merger Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Later on May 14,
2019, Mr. Fredericks held a teleconference with Potter Anderson to convey the terms of the Sierra Special Committee&rsquo;s proposal.
The May 14, 2019 proposal provided that, as consideration for their shares of MDLY Class A Common Stock (including the shares
of MDLY Class A Common Stock issuable following conversion of the outstanding Medley LLC Units), MDLY Stockholders would receive
$3.09 cash consideration, inclusive of a $0.40 cash dividend, and 0.34 shares of Sierra Common Stock. The implied value of the
merger consideration that would be paid to MDLY Stockholders would be approximately $4.70 per share, assuming shares of Sierra
Common Stock trade at 0.70x NAV immediately following the consummation of the MDLY Merger; if shares of Sierra Common Stock trade
at 1.00x NAV immediately following the consummation of the MDLY Merger, the implied value of the merger consideration was estimated
to be approximately $5.38 per share. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 15, 2019,
representatives of Barclays held a telephonic meeting with representatives of Broadhaven to confirm the terms of the Sierra Special
Committee&rsquo;s proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 16, 2019,
the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson to discuss the Sierra Special Committee&rsquo;s
proposal. At the meeting, the MDLY Special Committee, with the assistance of representatives of Potter Anderson, reviewed process
considerations in connection with the MCC Stockholder Action and discussed the appropriate role of the MDLY Special Committee
and Management in negotiating the terms of the amendments to the MDLY Merger Agreement, including the amendments contemplated
by the Term Sheet and the Sierra Special Committee&rsquo;s proposed modifications to the MDLY Merger Consideration. The MDLY Special
Committee also discussed the appropriate allocation of the MDLY Merger Consideration between the Medley LLC Unitholders and the
unaffiliated MDLY Stockholders. The MDLY Special Committee determined that, based on the Delaware Court of Chancery&rsquo;s findings
in the MCC Stockholder Action, its initial position with respect to the allocation of consideration was that any reduction in
the MDLY Merger Consideration should be borne by the Medley LLC Unitholders and the unaffiliated MDLY Stockholders should continue
to receive the same value of merger consideration as they would have received under the original terms of the MDLY Merger Agreement.
The MDLY Special Committee directed representatives of Potter Anderson to convey the MDLY Special Committee&rsquo;s determinations
to Management. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 17, 2019,
representatives of Potter Anderson held a teleconference with Mr. Fredericks to convey the MDLY Special Committee&rsquo;s determinations. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 28, 2019,
the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson to discuss strategy, timing and process
considerations with respect to the Sierra Special Committee&rsquo;s proposal. During the meeting, the MDLY Special Committee authorized
Jeffrey Leeds to execute an amendment to the engagement letter with Barclays, which amendment established the terms under which
Barclays would provide a new fairness opinion if and when requested by the MDLY Special Committee in connection with the consideration
of any amendments to the MDLY Merger Agreement. Additionally, the MDLY Special Committee instructed Potter Anderson to follow-up
with Management for an update regarding the MDLY Special Committee&rsquo;s positions outlined during the May 16, 2019 meeting
of the MDLY Special Committee. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 111; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->103<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Later on May 28,
2019, representatives of Potter Anderson held a teleconference with Mr. Fredericks to request an update from Management, including
in their capacity as the Medley LLC Unitholders. Mr. Fredericks informed the representatives of Potter Anderson that Management
had conducted preliminary discussions with the Sierra Special Committee to request additional MDLY Merger Consideration for all
MDLY Stockholders, and indicated that they would need additional time before engaging with the MDLY Special Committee regarding
the allocation of the MDLY Merger Consideration between the Medley LLC Unitholders and the unaffiliated MDLY Stockholders. Additionally,
Mr. Fredericks confirmed to representatives of Potter Anderson that Barclays could contact members of Management to proceed with
its due diligence with respect to the Sierra Special Committee&rsquo;s proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On May 31, 2019,
the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson. Representatives of Management attended
a portion of the meeting at the invitation of the MDLY Special Committee. At the meeting, Mr. Brook Taube informed the MDLY Special
Committee that Management, in their capacity as the Medley LLC Unitholders, was of the view that the amount of MDLY Merger Consideration
provided to both the Medley LLC Unitholders and the unaffiliated MDLY Stockholders would have to be reduced to reflect downward
adjustments to MDLY&rsquo;s financial projections since August 2018, when the deal was originally executed. Mr. Taube emphasized
that a deal where the unaffiliated MDLY Stockholders received merger consideration equal in value to what they would have received
pursuant to the original terms of the MDLY Merger Agreement was &ldquo;off the table.&rdquo; Mr. Taube indicated that Management
was in discussions with the Sierra Special Committee and the MCC Special Committee to finalize the terms of the allocation of
the ultimate financial impact of any potential settlement fund relating to the MCC Stockholder Action prior to engaging with the
MDLY Special Committee regarding the allocation of the MDLY Merger Consideration between the Medley LLC Unitholders and the unaffiliated
MDLY Stockholders. Members of the MDLY Special Committee reiterated to Mr. Taube that Management was not authorized to agree to
any changes to the MDLY Merger Consideration with the Sierra Special Committee and that any such modifications would be subject
to the prior consideration and approval of the MDLY Special Committee. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 4, 2019,
representatives of Potter Anderson held a teleconference with representatives of S&amp;W. On the call, representatives of S&amp;W
stated that the Sierra Special Committee and the MCC Special Committee were continuing to negotiate the allocation of the ultimate
financial impact of any potential settlement fund relating to the MCC Stockholder Action. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 6, 2019,
the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson. Representatives of Management attended
the meeting at the invitation of the MDLY Special Committee. At the meeting, Mr. Brook Taube reviewed a revised proposal that
Management had received from the Sierra Special Committee. As consideration for their shares of MDLY Class A Common Stock, MDLY
Stockholders would receive $2.50 cash consideration, inclusive of a $0.40 cash dividend, and $1.71 implied value of Sierra Common
Stock (the &ldquo;<B><I>June 6 Proposal</I></B>&rdquo;). The implied value of the merger consideration that would be paid to MDLY
Stockholders would be approximately $4.21 per share, assuming shares of Sierra Common Stock trade at 1.00x NAV immediately following
the consummation of the MDLY Merger. Mr. Taube explained that the June 6 Proposal represented a reduction to the MDLY Merger Consideration
to account for the potential settlement fund relating to the MCC Stockholder Action. Members of the Special Committee stated that,
in their view, neither MDLY nor the unaffiliated MDLY Stockholders, through a reduction to the MDLY Merger Consideration payable
to them in connection with the MDLY Merger, should bear any of the ultimate financial impact of any potential settlement fund
relating to the MCC Stockholder Action. Mr. Taube also communicated that Management requested that the Sierra Special Committee
consider whether to remove the consummation of the MCC Merger as a condition to the MDLY Merger Closing, creating the possibility
of a bilateral transaction between MDLY and Sierra as an alternative to the original three-way combination if the MCC Merger failed
to be consummated. Following Mr. Taube&rsquo;s presentation of the June 6 Proposal, the MDLY Special Committee, together with
Management, discussed alternative transactions to the MDLY Merger (including any standalone options). At the request of the MDLY
Special Committee, Management agreed to suspend discussions with the Sierra Special Committee until the MDLY Special Committee
had discussed the June 6 Proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 112; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->104<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Later on June 6,
2019, representatives of Potter Anderson held a teleconference with representatives of Barclays to discuss the June 6 Proposal.
Representatives of Potter Anderson requested that Barclays follow-up with Broadhaven to confirm the terms of the June 6 Proposal,
as communicated to the MDLY Special Committee by Mr. Brook Taube. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On June 7, 2019,
representatives of Potter Anderson held a teleconference with representatives of Barclays to discuss Barclays&rsquo; communication
with Broadhaven. Representatives of Barclays informed representatives of Potter Anderson that Broadhaven had confirmed the terms
of the June 6 Proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> During the afternoon
of June 7, 2019, the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson. The MDLY Special
Committee discussed the June 6 Proposal from the Sierra Special Committee and the possibility of a bilateral transaction involving
MDLY and Sierra if the MCC Merger failed to be consummated. The MDLY Special Committee instructed Potter Anderson to communicate
to Management that, while it was understandable that the amount of MDLY Merger Consideration provided to the unaffiliated MDLY
Stockholders would be reduced to reflect MDLY&rsquo;s financial performance since August 2018, the unaffiliated MDLY Stockholders
should not be responsible for the ultimate financial impact of any potential settlement fund relating to the MCC Stockholder Action
in the form of reduced MDLY Merger Consideration. The MDLY Special Committee also determined, and requested that representatives
of Potter Anderson communicate to Management, that the MDLY Merger Consideration payable to the unaffiliated MDLY Stockholders
should continue to include an equivalent special cash dividend of $0.30 (adjusted to reflect the proportionate reduction to the
MDLY Merger Consideration based solely on MDLY&rsquo;s financial performance). The MDLY Special Committee also authorized Potter
Anderson to inform Management that it could continue to negotiate with the Sierra Special Committee to obtain additional merger
consideration for the MDLY Stockholders while Barclays continued its due diligence with respect to the June 6 Proposal. In addition,
the MDLY Special Committee instructed Potter Anderson to obtain more information regarding the terms of a possible bilateral transaction
between MDLY and Sierra. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Later on June 7,
2019, representatives of Potter Anderson held a teleconference with Mr. Fredericks. Representatives of Potter Anderson informed
Mr. Fredericks of the MDLY Special Committee&rsquo;s positions regarding the MDLY Merger Consideration payable to the unaffiliated
MDLY Stockholders. Mr. Fredericks agreed to communicate the views of the MDLY Special Committee to Management in their capacity
as the Medley LLC Unitholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On June 12, 2019,
representatives of Potter Anderson held a teleconference with representatives of S&amp;W. During the call, representatives of
S&amp;W communicated that the June 6 Proposal represented the Sierra Special Committee&rsquo;s &ldquo;best and final offer&rdquo;
to acquire MDLY. Representatives of S&amp;W also confirmed to Potter Anderson that the allocation of the ultimate financial impact
of any potential settlement fund relating to the MCC Stockholder Action, as contemplated by the Term Sheet to MDLY, resulted in
the reduction of MDLY Merger Consideration from the May 14, 2019 proposal from the Sierra Special Committee. Representatives of
Potter Anderson also requested that the compensation consultant to the Sierra Special Committee conduct an updated review of executive
compensation payable to Management following consummation of the Mergers. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On June 12, 2019,
representatives of Potter Anderson held a teleconference with representatives of Barclays. Representatives of Barclays communicated
that Barclays was working with Broadhaven to obtain further information regarding the allocation of the ultimate financial impact
of any potential settlement fund relating to the MCC Stockholder Action. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"></P>

<!-- Field: Page; Sequence: 113; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->105<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 13, 2019,
the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson. Representatives of Management attended
the meeting at the invitation of the MDLY Special Committee. Mr. Brook Taube informed the MDLY Special Committee that: (i) the
composition of MDLY Merger Consideration pursuant to the June 6 Proposal had been revised following additional discussions between
Management and the Sierra Special Committee so that, while the implied value of the per share merger consideration remained at
$4.21 per share of MDLY Class A Common Stock, the offer now consisted of $2.72 in cash and $1.49 implied value of Sierra Common
Stock, (ii) the proposal for a bilateral transaction between MDLY and Sierra remained under consideration by the Sierra Special
Committee, (iii) Management, in their capacity as the Medley LLC Unitholders, did not agree with the MDLY Special Committee&rsquo;s
position that the unaffiliated MDLY Stockholders should not agree to bear the ultimate financial impact of any potential settlement
fund in connection with the MCC Stockholder Action in the form of accepting reduced MDLY Merger Consideration as an accommodation
in order to consummate the transaction, (iv) as a compromise, the Medley LLC Unitholders proposed a $0.60 differential in the
MDLY Merger Consideration payable to the unaffiliated MDLY Stockholders as additional shares of Sierra Common Stock, and (v) Management
continued to believe that the MDLY Merger provided the best value reasonably available to the unaffiliated MDLY Stockholders,
including when compared to any standalone options. Pursuant to the Medley LLC Unitholders&rsquo; proposal, the Medley LLC Unitholders
would receive $2.72 in cash and $1.35 implied value of Sierra Common Stock and the unaffiliated MDLY Stockholders would receive
$2.72 in cash and $1.95 implied value of Sierra Common Stock. Additionally, the Medley LLC Unitholders would agree to a twelve
month lock-up of their shares of Sierra Common Stock received as MDLY Merger Consideration following the consummation of the MDLY
Merger. The Medley LLC Unitholders would also agree to forfeit their rights under the Tax Receivable Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Later on June 13,
2019, representatives of Potter Anderson and Barclays held a teleconference with representatives of S&amp;W and Broadhaven. During
the call, Barclays and Broadhaven discussed outstanding issues with respect to Barclays&rsquo; due diligence. Broadhaven also
confirmed the terms of the Sierra Special Committee&rsquo;s June 6 Proposal constituted their &ldquo;best and final offer&rdquo;
and communicated that the June 6 Proposal was calculated on the basis of MDLY being responsible for the payment of the ultimate
financial impact of any potential settlement fund relating to the MCC Stockholder Action. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On June 18, 2019,
the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson and Barclays. During the meeting,
the MDLY Special Committee reiterated its view that the unaffiliated MDLY Stockholders should not be responsible for the ultimate
financial impact of any potential settlement fund relating to the MCC Stockholder Action. The MDLY Special Committee also instructed
Barclays to contact Broadhaven for additional information relating to the terms of a possible bilateral transaction between MDLY
and Sierra. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Later on June 18,
2019, representatives of Potter Anderson held a teleconference with Mr. Fredericks during which the representatives of Potter
Anderson communicated that it was the MDLY Special Committee&rsquo;s continued view that the unaffiliated MDLY Stockholders should
not be responsible for the payment of the ultimate financial impact of any potential settlement fund relating to the MCC Stockholder
Action in the form of accepting reduced MDLY Merger Consideration. Mr. Fredericks requested a call among Mr. Brook Taube and Mr.
Leeds, in his capacity as chair of the MDLY Special Committee, and representatives of Potter Anderson agreed to discuss the same
with Mr. Leeds. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On June 19, 2019,
Mr. Brook Taube held a teleconference with Mr. Leeds in his capacity as chair of the MDLY Special Committee. Mr. Fredericks and
representatives of Potter Anderson also participated in the call. During the call, the participants discussed the rationale for
allocating the ultimate financial impact of any potential settlement fund relating to the MCC Stockholder Action as a reduction
to the MDLY Merger Consideration. Mr. Taube informed Mr. Leeds that the Medley LLC Unitholders would not agree to any further
material reduction to the MDLY Merger Consideration payable to them and were considering exchanging their Medley LLC Units for
shares of MDLY Class&nbsp;A Common Stock pursuant to the terms of the Exchange Agreement if the MDLY Special Committee did not
reach an agreement with the Medley LLC Unitholders in the near future with respect to the allocation of MDLY Merger Consideration
between the Medley LLC Unitholders and the unaffiliated MDLY Stockholders. Mr. Taube also emphasized that the Medley LLC Unitholders
would agree to forfeit the entirety of the payments that would otherwise be payable to them pursuant to the Tax Receivable Agreement
and had already agreed to provide to the unaffiliated MDLY Stockholders additional shares of Sierra Common Stock through the proposed
$0.60 differential. Mr. Leeds stated that he would further discuss these items with the MDLY Special Committee and their advisors. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"></P>

<!-- Field: Page; Sequence: 114; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->106<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 21, 2019,
representatives of Potter Anderson and Barclays held a teleconference with representatives of S&amp;W and Broadhaven to address
outstanding due diligence issues between the parties and the potential for a bilateral transaction between MDLY and Sierra. Representatives
of Broadhaven informed Potter Anderson and Barclays that the Sierra Special Committee&rsquo;s proposal for a bilateral transaction
between MDLY and Sierra would likely be the same as the June 6 Proposal of $4.21 per share of MDLY Class A Common Stock. During
the course of the teleconference, the parties also discussed the assumed value of the payments due to the Medley LLC Unitholders
under the Tax Receivable Agreement. Representatives of S&amp;W confirmed that the Sierra Special Committee required the Medley
LLC Unitholders to forfeit the entirety of the payments due to them under the Tax Receivable Agreement as a condition to executing
any amended MDLY Merger Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On June 23, 2019,
the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson. During the meeting, Mr. Leeds and
representatives of Potter Anderson provided the MDLY Special Committee with an update regarding the June 19, 2019 teleconference
with Mr. Brook Taube and Mr. Fredericks. Representatives of Potter Anderson also provided an update regarding the June 21, 2019
teleconference among representatives of Potter Anderson, Barclays, S&amp;W and Broadhaven. The MDLY Special Committee noted that
Management had on multiple occasions rejected its request that the Medley LLC Unitholders agree to fund the entirety of the ultimate
financial impact of any potential settlement fund relating to the MCC Stockholder Action. The MDLY Special Committee, with representatives
of Potter Anderson, then reviewed the terms of the Tax Receivable Agreement and the assumed value of the payments that would be
due and owing to the Medley LLC Unitholders thereunder. The MDLY Special Committee requested additional information regarding
the value of the payments due to the Medley LLC Unitholders under the Tax Receivable Agreement together with the proposed $0.60
differential, as compared to the ultimate financial impact of any potential settlement fund relating to the MCC Stockholder Action
as contemplated by the Term Sheet. Representatives of Potter Anderson agreed to review the same with representatives of Barclays
and report back to the MDLY Special Committee. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On June 24, 2019,
the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson and representatives of Barclays.
During the call, the MDLY Special Committee, in consultation with representatives of Potter Anderson and Barclays, discussed the
Tax Receivable Agreement payments to be forfeited by the Medley LLC Unitholders, the proposed $0.60 differential and the potential
settlement fund relating to the MCC Stockholder Action and their potential impact on the unaffiliated MDLY Stockholders. The MDLY
Special Committee then discussed potential alternatives to proceeding with the June 6 Proposal at $4.21 per share of MDLY Class
A Common Stock, including any standalone options, and taking into account that S&amp;W had categorized the offer as &ldquo;best
and final.&rdquo; Following the discussion, the MDLY Special Committee instructed Potter Anderson to communicate to Management
a counterproposal of $0.70 differential consideration per share of MDLY Class A Common Stock payable to the unaffiliated MDLY
Stockholders as compared to the MDLY Merger Consideration payable to the Medley LLC Unitholders. The MDLY Special Committee also
requested that the $0.70 differential consist of a mix of cash and shares of Sierra Common Stock. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On June 25, 2019,
representatives of Potter Anderson held a teleconference with Mr. Brook Taube and Mr. Fredericks to communicate the MDLY Special
Committee&rsquo;s counterproposal of a $0.70 differential consideration per share of MDLY Class A Common Stock payable to the
unaffiliated MDLY Stockholders, consisting of $0.30 additional cash consideration and $0.40 additional implied value of Sierra
Common Stock. Mr. Taube indicated that Management and the Medley LLC Unitholders would consider the MDLY Special Committee&rsquo;s
counterproposal. Mr. Taube also noted that any changes to the mix of consideration would need to be evaluated to determine whether
the same would permit the MDLY Merger to continue to be treated as a tax-free reorganization. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"></P>

<!-- Field: Page; Sequence: 115; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->107<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On June 26, 2019,
representatives of Potter Anderson held a teleconference with Mr. Brook Taube and Mr. Fredericks. Mr. Taube communicated to Potter
Anderson that the Medley LLC Unitholders were amenable to the $0.70 differential, consisting of slightly less additional cash
consideration payable to the unaffiliated MDLY Stockholders than what the MDLY Special Committee had proposed ($0.19 cash consideration
instead of the requested $0.30 cash consideration) in order to preserve the tax-free nature of the MDLY Merger. Related to the
tax considerations, Mr. Taube also noted that Management was considering a two-step transaction pursuant to which Sierra would
acquire the outstanding shares of MDLY Class A Common Stock prior to the exchange of Medley LLC Units for shares of MDLY Class
A Common Stock pursuant to the Exchange Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On June 28, 2019,
representatives of Potter Anderson held a teleconference with representatives of Eversheds Sutherland during which Eversheds Sutherland
confirmed Mr. Brook Taube&rsquo;s communications relating to the tax considerations for the MDLY Merger, including with respect
to the stock and cash mix of MDLY Merger Consideration and the potential two-step transaction structure. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On June 28, 2019,
representatives of Potter Anderson held a teleconference with representatives of S&amp;W. Representatives of S&amp;W communicated
that the Sierra Special Committee was indifferent as to whether the MDLY Merger should qualify as a tax-free reorganization. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On June 29, 2019,
Eversheds Sutherland circulated drafts of the Amended MDLY Merger Agreement and Amended MCC Merger Agreement to Potter Anderson.
On July 8, 2019, representatives of Potter Anderson circulated their preliminary comments on the draft Amended MDLY Merger Agreement
to the Sierra Special Committee. From July 8, 2019 through July 28, 2019, representatives of Eversheds Sutherland, Potter Anderson
and S&amp;W circulated multiple drafts of the Merger Agreements among themselves. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On July 1, 2019,
representatives of Potter Anderson held a teleconference with representatives of S&amp;W to discuss the structure of a &ldquo;go-shop,&rdquo;
if any, in connection with the Amended MDLY Merger Agreement and in connection with the Amended MCC Merger Agreement. Representatives
of S&amp;W stated that they would discuss the issue with the Sierra Special Committee and revert to Potter Anderson with their
views. In addition, representatives of S&amp;W communicated to Potter Anderson that the Sierra Special Committee was not amenable
to a two-step transaction structure as proposed by Management due to the additional risks that Sierra would assume if the Medley
LLC Unitholders exchanged their Medley LLC Units for shares of MDLY Class A Common Stock following an initial merger between Sierra
and MDLY. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Later on July 1,
2019, representatives of Potter Anderson held a teleconference with Mr. Brook Taube and Mr. Fredericks. Mr. Taube confirmed on
behalf of Management that the MDLY Merger would necessarily be treated as a taxable transaction given that the Sierra Special
Committee was not amenable to a two-step transaction structure. Mr. Taube and representatives of Potter Anderson agreed, subject
to the final approval of the MDLY Special Committee, that the differential consideration that the unaffiliated MDLY Stockholders
would receive pursuant to the Amended MDLY Merger Agreement would therefore revert to $0.30 cash consideration and $0.40 implied
value of Sierra Common Stock, as previously requested by the MDLY Special Committee on June 25, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On July 2, 2019,
representatives of Potter Anderson and Eversheds Sutherland held a teleconference with Mr. Fredericks to discuss the terms of
the Amended MDLY Merger Agreement. Representatives of Potter Anderson proposed to Mr. Fredericks certain amendments to the Exchange
Agreement pursuant to which the Medley LLC Unitholders would agree to accept the differential consideration to be paid to them
pursuant to the Amended MDLY Merger Agreement. Mr. Fredericks stated that he would revert to the Medley LLC Unitholders with respect
to a potential amendment to the Exchange Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On July 3, 2019,
representatives of Potter Anderson held a teleconference with representatives of Barclays for an update with respect to Barclays&rsquo;
due diligence and anticipated fairness analysis. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"></P>

<!-- Field: Page; Sequence: 116; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->108<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 6, 2019,
representatives of Potter Anderson held a teleconference with Mr. Brook Taube and Mr. Fredericks. During the call, Mr. Taube stated
that Management did not believe a &ldquo;go-shop&rdquo; process to be run by either Sierra or MDLY would be appropriate or in
the best interest of shareholders given that Sierra was the acquiror and MDLY had previously run two market processes. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On July 7, 2019,
representatives of Potter Anderson held a teleconference with representatives of S&amp;W to discuss the structure of a &ldquo;go-shop,&rdquo;
if any, in connection with the draft Amended MDLY Merger Agreement and the draft Amended MCC Merger Agreement. Representatives
of S&amp;W stated that the Sierra Special Committee&rsquo;s view was that, in light of the fact that the draft Amended MCC Merger
Agreement would permit Sierra to conduct a &ldquo;go-shop,&rdquo; a similar feature would need to be included in the Amended MDLY
Merger Agreement. In addition, the Sierra Special Committee did not believe that MDLY should be permitted to run a similar process.
Representatives of Potter Anderson suggested that, in lieu of a &ldquo;go-shop,&rdquo; the parties should consider modifications
to the non-solicitation provisions to permit additional flexibility to respond to competing proposals submitted to Sierra or MDLY,
respectively, during the term of the anticipated MCC &ldquo;go-shop.&rdquo; Representatives of the Sierra Special Committee agreed
to further consider the proposal. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On July 15, 2019,
representatives of Potter Anderson held a teleconference with representatives of Barclays to discuss the Barclays&rsquo; fairness
analysis given the potential for a bilateral transaction between MDLY and Sierra as an alternative to a three-way combination.
Representatives of Potter Anderson requested that Barclays advise as to whether it could render its opinion as to the fairness
of the consideration to be offered to the unaffiliated MDLY Stockholders in connection with the MDLY Merger, assuming that the
MCC Merger would be consummated substantially concurrently with the MDLY Merger and, alternatively, assuming that the MCC Merger
was not consummated. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On July 16, 2019,
the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson. During the meeting, representatives
of Potter Anderson provided an update on the status of the negotiations and drafting of the Amended MDLY Merger Agreement and
the Amended MCC Merger Agreement, including the anticipated 60-day MCC &ldquo;go-shop&rdquo; and the amount of termination fee
payable pursuant to the Amended MDLY Merger Agreement, which was reduced to account for the reduction in equity value since the
execution of the MDLY Merger Agreement. Representatives of Potter Anderson also reviewed their conversations with Barclays regarding
the structure of a fairness opinion. In addition, representatives of Potter Anderson informed the MDLY Special Committee that
Mr. Brook Taube had communicated to Potter Anderson that Management did not believe a &ldquo;go-shop&rdquo; provision in the Amended
MDLY Merger Agreement was appropriate or in the best interests of MDLY Stockholders, notwithstanding the fact that the Amended
MCC Merger Agreement would include a &ldquo;go-shop&rdquo; at MCC. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On July 17, 2019,
representatives of Potter Anderson held a teleconference with representatives of S&amp;W to discuss the advisors&rsquo; respective
comments to the Amended MDLY Merger Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On July 20, 2019,
representatives of Potter Anderson and Barclays held a teleconference with representatives of Management to confirm certain financial
information related to Barclays&rsquo; fairness analysis. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On July 21, 2019,
representatives of Potter Anderson held a teleconference with representatives of S&amp;W to discuss updates with respect to the
negotiations of the Amended MCC Merger Agreement between Sierra and MCC. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On July 24, 2019,
the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson and Barclays. During the meeting,
(i) representatives of Barclays discussed with the MDLY Special Committee its financial analysis of the consideration to be paid
to the unaffiliated MDLY Stockholders in the MDLY Merger, assuming that the MCC Merger is consummated substantially concurrently
with the MDLY Merger and alternatively, assuming that the MCC Merger is not consummated and that MCC terminates the MCC Investment
Management Agreement, (ii) representatives of Potter Anderson reviewed with the MDLY Special Committee an overview of the material
terms of the draft Amended MDLY Merger Agreement and exhibits, including changes from the original terms of the MDLY Merger Agreement
executed in August 2018, and (iii) representatives of Potter Anderson reviewed with the MDLY Special Committee its fiduciary duties
in connection with its evaluation, consideration, and approval of the proposed transaction. The MDLY Special Committee agreed
that the MDLY Merger continued to provide the best value reasonably available to the unaffiliated MDLY Stockholders, including
when compared to any standalone options. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"></P>

<!-- Field: Page; Sequence: 117; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->109<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> On July 25, 2019,
representatives of Potter Anderson held a teleconference with representatives of Barclays to discuss Barclays&rsquo; draft fairness
opinion letter. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> From July 25, 2019
to the morning of July 28, 2019, representatives of Potter Anderson participated in multiple calls with representatives of Eversheds
Sutherland, S&amp;W, and Kramer Levin to review final outstanding issues relating to the amendments to the MCC Merger Agreement
and the MDLY Merger Agreement in advance of the special committee and board meetings scheduled for July 28, 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> On July 28, 2019,
the MDLY Special Committee held a telephonic meeting with representatives of Potter Anderson and Barclays. The MDLY Special Committee,
with the assistance of Potter Anderson, discussed the material terms of the Amended MDLY Merger Agreement and exhibits, as well
as the compensation report received by the Sierra Special Committee from its compensation consultant. In addition, at the meeting,
Barclays discussed with the MDLY Special Committee additional information with respect to its financial analysis of the consideration
to be paid to the unaffiliated MDLY Stockholders in the MDLY Merger, assuming that the MCC Merger is consummated substantially
concurrently with the MDLY Merger and alternatively, assuming that the MCC Merger is not consummated and that MCC terminates the
MCC Investment Management Agreement. At the request of the MDLY Special Committee, Barclays delivered an oral fairness opinion
as of July 28, 2019, which was confirmed by delivery of a written opinion dated as of such date, that, from a financial point
of view, the aggregate consideration to be offered to the non-management holders of shares of MDLY Class A Common Stock in connection
with the MDLY Merger, assuming, at the MDLY Special Committee&rsquo;s instruction, that the MCC Merger is consummated substantially
concurrently with the MDLY Merger and alternatively, assuming, at the MDLY Special Committee&rsquo;s instruction, that the MCC
Merger is not consummated and that MCC terminates the MCC Investment Management Agreement, is fair to such holders of MDLY Class
A Common Stock. The MDLY Special Committee unanimously (i) determined that the Amended MDLY Merger Agreement and the transactions
contemplated thereby, including, without limitation, the MDLY Merger, are advisable and fair to, and in the best interests of,
MDLY and the MDLY Stockholders (other than Messrs. Brook Taube, Seth Taube, Jeffrey Tonkel, Richard T. Allorto, Jr., John D. Fredericks,
Samuel Anderson, Christopher Taube, Medley Group LLC, and any of their respective affiliates), (ii) approved and declared advisable
the Amended MDLY Merger Agreement and the transactions contemplated thereby, including, without limitation, the MDLY Merger, and
(iii) recommended that the MDLY Board (a) approve and declare advisable the Amended MDLY Merger Agreement and the transactions
contemplated thereby, including, without limitation, the MDLY Merger, and (b) submit the Amended MDLY Merger Agreement to the
MDLY Stockholders for adoption. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Later on July 28,
2019, the MDLY Board, including all members of the MDLY Special Committee, met telephonically to consider and act on the proposed
Amended MDLY Merger Agreement, the transactions contemplated thereby, including the MCC Merger, and related matters, including
the Settlement and the Governance Agreement. The chair of the MDLY Special Committee reported on the MDLY Special Committee&rsquo;s
actions taken and recommendations made earlier in the day. After further discussion, on the basis of the MDLY Special Committee&rsquo;s
recommendation, the MDLY Board unanimously: determined that the Amended MDLY Merger Agreement and the transactions contemplated
thereby, including the MDLY Merger, were advisable and in the best interests of MDLY and MDLY Stockholders, directed that the
Amended MDLY Merger Agreement be submitted to the MDLY Stockholders for adoption and resolved to recommend that the MDLY Stockholders
vote to approve the Amended MDLY Merger Agreement and the transactions contemplated thereby, including the MDLY Merger. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 118; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->110<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in; text-align: left"> <B>vii.</B> </TD><TD STYLE="text-align: justify"> <B><U>Summary
                                         of Financial Presentation by Barclays, dated July 28, 2019, to the MDLY Special Committee</U></B> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The MDLY Special
Committee engaged Barclays to act as its independent financial advisor for the purpose of providing financial advisory services
to the MDLY Special Committee with respect to certain potential transactions or series or combination of related transactions
outside of the ordinary course of business of MDLY, including the MDLY Merger, pursuant to an engagement letter dated July 13,
2018, as amended on May 28, 2019. On July 28, 2019, Barclays rendered its oral opinion (which was subsequently confirmed in writing)
to the MDLY Special Committee that, as of such date and based upon and subject to the qualifications, limitations and assumptions
stated in its opinion, the Consideration to be offered to the non-management holders of MDLY Class&nbsp;A Common Stock (the &ldquo;MDLY
Public Stockholders&rdquo;) for their MDLY Class&nbsp;A Common Stock in the proposed MDLY Merger, assuming, at the instruction
of the MDLY Special Committee that the MCC Merger is consummated substantially concurrently with the MDLY Merger and alternatively,
assuming, at the instruction of the MDLY Special Committee, that the MCC Merger is not consummated and that MCC terminates the
MCC Investment Advisory Agreement, is fair, from a financial point of view, to such MDLY Public Stockholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <B>&nbsp;</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <B>The full text
of Barclays&rsquo; written opinion, dated as of July 28, 2019, is attached as <U>Appendix D hereto</U>. Barclays&rsquo; written
opinion sets forth, among other things, the assumptions made, procedures followed, factors considered and limitations upon the
review undertaken by Barclays in rendering its opinion. You are encouraged to read the opinion carefully in its entirety. The
following is an abridged summary of Barclays&rsquo; opinion and the methodology that Barclays used to render its opinion. This
summary is qualified in its entirety by reference to the full text of the opinion. The preparation of a fairness opinion is a
complex process and involves various determinations as to the most appropriate and relevant methods of financial and comparative
analyses and the application of those methods to the particular circumstances. Therefore, a fairness opinion is not readily susceptible
to summary description.</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <B>&nbsp;</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Barclays&rsquo;
opinion, the issuance of which was approved by Barclays&rsquo; Fairness Opinion Committee, is addressed to the MDLY Special Committee,
addresses only the fairness, from a financial point of view, of the Consideration to be offered to the MDLY Public Stockholders.
Barclays did not recommend any specific form or amount of consideration to MDLY, the MDLY Special Committee or the MDLY Board
or that any specific form or amount of consideration constituted the only appropriate consideration for the proposed MDLY Merger
or the proposed MCC Merger. Barclays was not requested to opine as to, and except as expressly set forth below with respect to
the assumption, at the MDLY Special Committee&rsquo;s instruction, that the MCC Merger is consummated substantially concurrently
with the MDLY Merger and the alternative assumption, at the MDLY Special Committee&rsquo;s instruction, that the MCC Merger is
not consummated and MCC terminates the MCC Investment Management Agreement, Barclays&rsquo; opinion does not in any manner address
the MCC Merger or the Amended MCC Merger Agreement. Barclays&rsquo; opinion does not in any manner address the relative fairness
as to the amount and nature of the consideration to be paid in the MDLY Merger whether the MCC Merger is consummated substantially
concurrently with the MDLY Merger or the MCC Merger is not consummated and MCC terminates the MCC Investment Management Agreement.
Barclays was not requested to opine as to, and its opinion does not in any manner address, MDLY&rsquo;s underlying business decision
to proceed with or effect the proposed MDLY Merger, the likelihood of the consummation of the proposed MDLY Merger or the proposed
MCC Merger, or the relative merits of the proposed MDLY Merger as compared to any other transaction in which MDLY may engage. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 119; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->111<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In arriving at
its opinion, Barclays, among other things: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed the Amended MDLY Merger Agreement and the Amended MCC Merger Agreement and
                                         the specific terms of the proposed MDLY Merger and MCC Merger;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed publicly available information concerning MDLY that Barclays believed to
                                         be relevant to its analysis, including MDLY&rsquo;s Annual Report on Form 10-K for the
                                         fiscal year ended December 31, 2018 and MDLY&rsquo;s Quarterly Report on Form 10-Q for
                                         the fiscal quarter ended March 31, 2019;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed financial and operating information with respect to the business, operations
                                         and prospects of MDLY furnished to Barclays by MDLY, including financial projections
                                         of MDLY prepared by Management assuming that the MCC Investment Management Agreement
                                         is not terminated (the &ldquo;MDLY Projections with MCC Investment Advisory Agreement&rdquo;)
                                         and alternatively, assuming that MCC terminates the MCC Investment Management Agreement
                                         (the &ldquo;MDLY Projections without MCC Investment Advisory Agreement&rdquo; and together
                                         with the MDLY Projections with MCC Investment Advisory Agreement, the &ldquo;MDLY Projections&rdquo;);</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed financial and operating information with respect to the business, operations
                                         and prospects of MCC and Sierra furnished to Barclays by Management, including financial
                                         projections of each of MCC and Sierra prepared by Management as investment adviser and
                                         manager of MCC and Sierra, respectively (the &ldquo;MCC and Sierra Standalone Projections&rdquo;);</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed pro forma financial projections for the Combined Company, including cost
                                         savings, operating synergies and other strategic benefits prepared by Management, assuming
                                         that the MCC Merger is consummated substantially concurrently with the MDLY Merger (the
                                         &ldquo;Sierra/MCC Projections&rdquo;));</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed pro forma financial projections for the Sierra/MDLY Company, including cost
                                         savings, operating synergies and other strategic benefits prepared by Management, assuming
                                         that the MCC Merger is not consummated substantially concurrently with the MDLY Merger
                                         and that MCC terminates the MCC Investment Management Agreement (the &ldquo;Sierra Projections&rdquo;,
                                         and together with the Sierra/MCC Projections, the &ldquo;Combined Company Projections&rdquo;);
                                         As compared to the Sierra/MDLY Company Projections presented therein, Barclays assumed
                                         $15.2 million of amortization in its calculation of after tax distributable income based
                                         on the MDLY Projections provided to Barclays for use in connection with its analyses
                                         and the MDLY Projections did not include the $20.0 million revolver draw by Sierra and
                                         therefore Barclays did not include the $20.0 million revolver draw in its calculation
                                         of the Sierra/MDLY Company Projections;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"></P>

<!-- Field: Page; Sequence: 120; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->112<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed a trading history of MDLY Class&nbsp;A Common Stock from September 24, 2014
                                         through July 26, 2019 and a trading history of MCC Common Stock from September 24, 2014
                                         to July 26, 2019;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed a comparison of the historical dividend performance of MDLY with those of
                                         MCC and Sierra;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed a comparison of the historical financial results and present and projected
                                         financial condition of MDLY with those of other asset management companies that Barclays
                                         deemed relevant;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed a comparison of the financial terms of the proposed MDLY Merger with the
                                         financial terms of certain other transactions involving asset management companies that
                                         Barclays deemed relevant;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed a comparison of the pro forma market position of the Combined Company following
                                         the proposed MDLY Merger and the proposed MCC Merger with those of other BDCs that Barclays
                                         deemed relevant;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed published estimates of one independent research analyst with respect to
                                         the future financial performance and price targets of MDLY;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed information provided by MDLY and its advisors with respect to the results
                                         of previous efforts of MDLY and its advisors to solicit indications of interest from
                                         third parties with respect to a sale of MDLY;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed the Sierra Investment Advisory Agreement;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif">reviewed
                                         and analyzed the MCC Investment Management Agreement;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">had
                                         discussions with Management, including in its capacity as investment adviser and manager
                                         of MCC and Sierra, respectively, concerning the business, operations, assets, financial
                                         condition and prospects of each of MDLY, MCC, Sierra and the Combined Company; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif">undertook
                                         such other studies, analyses and investigations as Barclays deemed appropriate.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 121; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->113<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In arriving at
its opinion, Barclays assumed and relied upon the accuracy and completeness of the financial and other information used by Barclays
without any independent verification of such information (and had not assumed responsibility or liability for any independent
verification of such information). Barclays also relied upon the assurances of Management that they were not aware of any facts
or circumstances that would make such information inaccurate or misleading. With respect to the MDLY Projections, upon advice
of Management, Barclays assumed that such projections were reasonably prepared on a basis reflecting the best currently available
estimates and judgments of Management as to MDLY&rsquo;s future financial performance, including, that if the MCC Investment Management
Agreement is not terminated, that MDLY will perform substantially in accordance with the MDLY Projections with MCC Investment
Advisory Agreement and if the MCC Investment Management Agreement is terminated that MDLY will perform substantially in accordance
with the MDLY Projections without MCC Investment Advisory Agreement. With respect to the MCC and Sierra Standalone Projections,
upon advice of Management, Barclays assumed that such projections were reasonably prepared on a basis reflecting the best currently
available estimates and judgments of Management and management of its subsidiary that is the investment adviser and manager of
MCC and Sierra, respectively, as to each of MCC and Sierra&rsquo;s future financial performance and that each of MCC and Sierra
would perform substantially in accordance with such projections. With respect to the Sierra/MCC Projections we have assumed that
such projections have been reasonably prepared on a basis reflecting the best currently available estimates and judgments of Management
as to the future financial performance of Sierra and MCC on a combined basis and that Sierra will perform substantially in accordance
with such projections, assuming the MCC Merger is consummated and, with respect to the Sierra Projections, we have assumed that
such projections have been reasonably prepared on a basis reflecting the best currently available estimates and judgements of
Management as to the future financial performance of Sierra and that Sierra will perform substantially in accordance with such
projections, assuming the MCC Merger is not consummated and the MCC Investment Management Agreement is terminated. Pursuant to
the MDLY Special Committee&rsquo;s instructions, Barclays relied upon and utilized the MDLY Projections, the MCC and Sierra Standalone
Projections and the Combined Company Projections in connection with its analysis and its opinion. In arriving at its opinion,
Barclays assumed no responsibility for and expressed no view as to any such projections or estimates or the assumptions on which
they were based. In arriving at its opinion, Barclays did not conduct a physical inspection of the properties and facilities of
MDLY and did not make or obtain any evaluations or appraisals of the assets or liabilities of MDLY. In addition, Barclays was
not authorized by the MDLY Special Committee to solicit, and did not solicit, any indications of interest from any third party
with respect to the purchase of all or a part of MDLY&rsquo;s business. Barclays&rsquo; opinion was necessarily based upon market,
economic and other conditions as they existed on, and could be evaluated as of, July 28, 2019. Barclays assumed no responsibility
for updating or revising its opinion based on events or circumstances that may have occurred after July 28, 2019 or that may occur
after the date of thisapplication. Barclays expressed no opinion as to the prices at which the MDLY Class&nbsp;A Common Stock
would trade following the announcement of the proposed MDLY Merger and MCC Merger or prices at which the Sierra Common Stock would
trade following consummation of the proposed MDLY Merger and/or the proposed MCC Merger whether the MCC Merger is consummated
substantially concurrently with the MDLY Merger or the MCC Merger is not consummated and MCC terminates the MCC Investment Management
Agreement. Barclays&rsquo; opinion should not be viewed as providing any assurance that the market value of the Sierra Common
Stock to be held by the MDLY Stockholders after the consummation of the proposed MDLY Merger and/or the proposed MCC Merger will
be in excess of the market value of MDLY Class&nbsp;A Common Stock owned by such MDLY Stockholders at any time prior to the announcement
or consummation of the proposed MCC Merger and/or the proposed MDLY Merger. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 122; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->114<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Barclays assumed
the accuracy of the representations and warranties contained in the proposed Amended MDLY Merger Agreement and all the agreements
related thereto. Barclays did not express any opinion as to any tax or other consequences that might result from the proposed
MCC Merger or MDLY Merger, nor did Barclays&rsquo; opinion address any legal, tax, regulatory or accounting matters, as to which
Barclays understood MDLY had obtained such advice as it deemed necessary from qualified professionals. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In connection with
rendering its opinion, Barclays performed certain financial, comparative and other analyses as summarized below. In arriving at
its opinion, Barclays did not ascribe a specific range of values to the MDLY Class&nbsp;A Common Stock or the Sierra Common Stock
but rather made its determination as to fairness, from a financial point of view, to the MDLY Public Stockholders of the Consideration
to be offered to the MDLY Public Stockholders for their MDLY Class&nbsp;A Common Stock in the proposed MDLY Merger on the basis
of various financial and comparative analyses. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In arriving at
its opinion, Barclays did not attribute any particular weight to any single analysis or factor considered by it but rather made
qualitative judgments as to the significance and relevance of each analysis and factor relative to all other analyses and factors
performed and considered by it and in the context of the circumstances of the particular transaction. Accordingly, Barclays believes
that its analyses must be considered as a whole, as considering any portion of such analyses and factors, without considering
all analyses and factors as a whole, could create a misleading or incomplete view of the process underlying its opinion. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <B>&nbsp;</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <B>Summary of Material Financial Analyses</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The following is
a summary of the material financial analyses performed by Barclays with respect to the MDLY Class&nbsp;A Common Stock and the
Sierra Common Stock in preparing its opinion to the MDLY Special Committee: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif">selected
                                         comparable company analysis;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif">selected
                                         precedent transaction analysis; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-align: justify; text-indent: -18pt"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Symbol">&middot;</FONT> </TD><TD> <FONT STYLE="font-family: Times New Roman, Times, Serif">discounted
                                         cash flow analysis.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Each of these methodologies
was used to generate reference per share equity value ranges for the MDLY Class&nbsp;A Common Stock and the Sierra Common Stock.
In order to derive implied per share values in the MDLY selected comparable company analysis and the MDLY selected precedent transactions
analysis, the implied equity value range for MDLY Class&nbsp;A Common Stock was calculated by subtracting net debt, as provided
by Management, from the enterprise value of MDLY and was then divided by the number of fully diluted shares of MDLY Class&nbsp;A
Common Stock estimated to be outstanding by Management. For purposes of the MDLY calculations, the number of MDLY Class&nbsp;A
Common Stock estimated to be outstanding as of the closing of the MDLY Merger, per the MDLY Projections, was used to derive implied
per share equity values. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 123; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->115<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In order to derive
implied per share equity values in the Combined Company selected comparable company analysis and the Combined Company selected
precedent transactions analysis, per the Combined Company Projections, Barclays utilized a total NAV of the Combined Company of
$994 million when assuming that the MCC Merger is consummated substantially concurrently with the MDLY Merger (denoted in the
analyses below as &ldquo;with MCC&rdquo;) and $712 million when assuming that the MCC Merger is not consummated substantially
concurrently with the MDLY Merger and MCC terminates the MCC Investment Management Agreement (denoted in the analyses below as
&ldquo;without MCC&rdquo;), per the Combined Company Projections, each of which was divided, as appropriate, by the number of
fully diluted Sierra Common Stock estimated to be outstanding at the MDLY Merger Effective Time of approximately 150.8 million
shares with MCC and 109.3 million shares without MCC, per Management. In performing its analyses of the Combined Company&rsquo;s
ranges of implied per share equity value, Barclays used a price to NAV multiple analysis because BDCs like the Combined Company
frequently trade based on a multiple of NAV. Based on the selected comparable company analysis, the selected precedent transaction
analysis and the discounted cash flows analysis performed by Barclays with respect to the Combined Company and the exercise of
Barclays&rsquo; professional judgment, Barclays utilized an implied range of price to NAV multiples of 0.8x to 1.0x in order to
derive implied equity values for the Sierra Common Stock to be offered to MDLY Public Stockholders for their shares of MDLY Class&nbsp;A
Common Stock, which was used to assess whether the implied value of the Consideration to be offered to the MDLY Public Stockholders
for their shares of MDLY Class&nbsp;A Common Stock in the proposed MDLY Merger was within the reference per share equity value
ranges of MDLY Class&nbsp;A Common Stock derived. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In particular,
in applying the various valuation methodologies to the particular businesses, operations and prospects of MDLY and the Combined
Company, and the particular circumstances of the proposed MDLY Merger and the proposed MCC Merger, Barclays made qualitative judgments
as to the significance and relevance of each analysis and numerous assumptions with respect to industry performance, general business
and economic conditions and other matters, many of which are beyond the control of MDLY. Such qualitative judgments and assumptions
of Barclays were made following discussions with Management. Accordingly, the methodologies and the implied common equity value
ranges must be considered as a whole and in the context of the narrative description of the financial analyses, including the
assumptions underlying these analyses. Considering the implied common equity value ranges without considering the full narrative
description of the financial analyses, including the assumptions underlying these analyses, could create a misleading or incomplete
view of the process underlying, and conclusions represented by, Barclays&rsquo; opinion. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The summary of
Barclays&rsquo; analyses and reviews provided below is not a complete description of the analyses and reviews underlying Barclays&rsquo;
opinion. The preparation of a fairness opinion is a complex process involving various determinations as to the most appropriate
and relevant methods of analysis and review and the application of those methods to particular circumstances, and, therefore,
is not readily susceptible to summary description. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 124; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->116<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> For the purposes
of its analyses and reviews, Barclays made numerous assumptions with respect to industry performance, general business, economic,
market and financial conditions and other matters, many of which are beyond the control of MDLY or any other parties to the proposed
transaction. No company, business or transaction considered in Barclays&rsquo; analyses and reviews is identical to MDLY, the
Combined Company, the proposed MDLY Merger or the proposed MCC Merger, and an evaluation of the results of those analyses and
reviews is not entirely mathematical. Rather, the analyses and reviews involve complex considerations and judgments concerning
financial and operating characteristics and other factors that could affect the acquisition, public trading or other values of
the companies, businesses or transactions considered in Barclays&rsquo; analyses and reviews. None of MDLY, Sierra, MCC, the Combined
Company, Barclays or any other person assumes responsibility if future results are materially different from those discussed.
Any estimates contained in these analyses and reviews and the ranges of valuations resulting from any particular analysis or review
are not necessarily indicative of actual values or predictive of future results or values, which may be significantly more or
less favorable than as set forth below. In addition, analyses relating to the value of companies, businesses or securities do
not purport to be appraisals or reflect the prices at which the companies, businesses or securities may actually be sold. Accordingly,
the estimates used in, and the results derived from, Barclays&rsquo; analyses and reviews are inherently subject to substantial
uncertainty. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The summary of
the financial analyses and reviews summarized below omits certain information, some of which would otherwise be presented in tabular
or bullet format. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <B><I>&nbsp;</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <B><I>Selected Comparable Company Analysis</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Standalone MDLY.</I>&nbsp;&nbsp;&nbsp;
Barclays reviewed and compared specific financial and operating data relating to MDLY with selected companies that Barclays, based
on its experience in the asset management industry, deemed comparable to MDLY. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Barclays calculated
and compared various financial multiples and ratios of MDLY and the selected comparable companies. As part of its selected comparable
company analysis, Barclays calculated and analyzed each company&rsquo;s ratio of its then-current stock price to its 2019 and
2020 estimated earnings per share (&ldquo;EPS&rdquo;) (commonly referred to as a price to earnings ratio, or &ldquo;P/E&rdquo;),
and the ratio of each company&rsquo;s enterprise value (&ldquo;EV&rdquo;) to its 2019 and 2020 estimated earnings before interest,
taxes, depreciation and amortization (&ldquo;EBITDA&rdquo;). The EV of each company was obtained by adding its long-term debt
to the sum of the market value of its common equity and the book value of any minority interest, and subtracting its cash and
cash equivalents. With respect to the alternative asset management companies included in Barclays&rsquo; selected comparable companies
analysis, Barclays did not perform an analysis of such alternative asset management companies&rsquo; EV/EBITDA ratios but rather
focused its analysis on the multiples it deemed most relevant based on its experience in the asset management industry. All of
these calculations were performed excluding one-time and extraordinary expenses and were based on the MDLY Projections, in the
case of MDLY, and publicly available financial data, in the case of each other company, in each case as of the end of each company&rsquo;s
most recently completed fiscal quarter prior to the delivery of Barclays&rsquo; opinion and closing stock prices as of July 26,
2019, the last full trading date prior to the delivery of Barclays&rsquo; opinion. All multiples were calculated based on a calendarized
year. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The P/E ratios
of the selected comparable companies resulting from this selected comparable company analysis ranged from 6.1x to 21.5x (with
a median of 10.9x) for the year ended December 31, 2019 and from 4.7x to 19.6x (with a median of 10.5x) for the year ended December
31, 2020. The EV/EBITDA ratios of the selected comparable companies resulting from this selected comparable company analysis ranged
from 2.8x to 16.0x (with a median of 7.3x) for the year ended December 31, 2019 and from 2.2x to 14.7x (with a median of 6.7x)
for the year ended December 31, 2020. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 125; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->117<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Barclays selected
the comparable companies because their businesses and operating profiles are reasonably similar to that of MDLY. However, because
of the inherent differences between the business, operations and prospects of MDLY and those of the selected comparable companies,
Barclays believed that it was inappropriate to, and therefore did not, rely solely on the quantitative results of the selected
comparable company analysis. Accordingly, Barclays also made qualitative judgments concerning differences between the business,
financial and operating characteristics and prospects of MDLY and the selected comparable companies that could affect the public
trading values of each in order to provide a context in which to consider the results of the quantitative analysis. Based upon
the selected comparable companies analysis and these judgments and using, in its professional judgment, the lower quartile of
the set of comparable companies, Barclays applied multiple ranges of 7.5x to 10.0x to MDLY&rsquo;s estimated EPS for the year
ended December 31, 2019; 7.0x to 9.0x to MDLY&rsquo;s estimated EPS for the year ended December 31, 2020; 5.5x to 7.0x to MDLY&rsquo;s
estimated EBITDA for the year ended December 31, 2019; and 5.0x to 6.5x to MDLY&rsquo;s estimated EBITDA for the year ended December
31, 2020 and applied such ranges to the MDLY Projections with MCC Investment Advisory Agreement and MDLY Projections without MCC
Investment Advisory Agreement to calculate a range of implied equity values per share of MDLY assuming the MCC Investment Management
Agreement is not terminated (denoted below as &ldquo;with MCC&rdquo;) and alternately assuming the MCC Investment Management Agreement
is terminated (denoted below as &ldquo;without MCC&rdquo;). The selected comparable company analysis yielded implied equity values
per share of MDLY Class A Common Stock of: $3.01 to $4.01 with MCC and $3.09 to $4.11 without MCC, when applying a multiple range
of 7.5x to 10.0x to MDLY&rsquo;s estimated EPS for the year ended December 31, 2019; $4.52 to $5.81 with MCC and $3.92 to $5.04
without MCC, when applying a multiple range of 7.0x to 9.0x to MDLY&rsquo;s estimated EPS for the year ended December 31, 2020;
$1.16 to $2.33 with MCC and $1.22 to $2.40 without MCC, when applying a multiple range of 5.5x to 7.0x to MDLY&rsquo;s estimated
EBITDA for the year ended December 31, 2019; and $2.07 to $3.63 with MCC and $1.61 to $3.03 without MCC, when applying a multiple
range of 5.0x to 6.5x to MDLY&rsquo;s estimated EBITDA for the year ended December 31, 2020. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Pro Forma Combined
Company.</I>&nbsp;&nbsp;&nbsp; Barclays reviewed and compared per share stock price as a multiple of NAV of selected internally
and externally managed BDCs with assets greater than $700 million that Barclays, based on its experience in the BDC industry,
deemed comparable to the pro forma Combined Company. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Barclays calculated
and compared per share stock price as a multiple of NAV of the selected comparable companies. All of these calculations were based
on publicly available financial data, relevant company filings as of the end of each company&rsquo;s most recently completed fiscal
quarter prior to the delivery of Barclays&rsquo; opinion and closing stock prices as of July 26, 2019, the last trading date prior
to the delivery of Barclays&rsquo; opinion. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Barclays selected
the comparable companies because their businesses and operating profiles are reasonably similar to that of the Combined Company.
However, because of the inherent differences between the business, operations and prospects of the Combined Company and those
of the selected comparable companies, Barclays believed that it was inappropriate to, and therefore did not, rely solely on the
quantitative results of the selected comparable company analysis. Accordingly, Barclays also made qualitative judgments concerning
differences between the business, financial and operating characteristics and prospects of the Combined Company and the selected
comparable companies that could affect the public trading values of each in order to provide a context in which to consider the
results of the quantitative analysis. Based upon the selected comparable companies analysis and these judgments, Barclays applied
multiple ranges of 1.10x to 1.30x and 0.85x to 0.95x to the Combined Company&rsquo;s estimated NAV, per the Sierra Projections
and the Sierra/MCC Projections, to calculate ranges of implied equity values per share of the Combined Company assuming that the
MCC Merger is consummated substantially concurrently with the MDLY Merger (denoted below as &ldquo;with MCC&rdquo;) and, alternately,
assuming that the MCC Merger is not consummated and that MCC terminates the MCC Investment Management Agreement (denoted below
as &ldquo;without MCC&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 126; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->118<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Barclays noted
that the implied ranges of the Consideration of $4.37 to $4.72 (with MCC) and of $4.35 to $4.70 (without MCC) to be offered to
the MDLY Public Stockholders for each of their shares of MDLY Class&nbsp;A Common Stock in the proposed MDLY Merger, consisting
of $2.96 and 0.2668 shares of Sierra Common Stock was within or exceeded the range of implied equity values per share of MDLY
Class&nbsp;A Common Stock derived pursuant to the foregoing analyses. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <B><I>&nbsp;</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <B><I>Selected Precedent Transaction
Analysis</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Standalone MDLY</I>.&nbsp;&nbsp;&nbsp;&nbsp;Barclays
reviewed and compared the purchase prices and financial multiples paid in selected precedent asset management transactions that
Barclays deemed relevant, based on its experience with merger and acquisition transactions, particularly in the asset management
industry. Barclays chose such precedent asset management transactions based on, among other things, the similarity of the applicable
target companies in the transactions to MDLY with respect to the size, mix, margins and other characteristics of their businesses.
Using publicly available information, Barclays calculated and analyzed multiples of the EV to EBITDA represented by the prices
paid in the selected precedent transactions. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The reasons for
and the circumstances surrounding each of the selected precedent asset management transactions analyzed were diverse and there
are inherent differences in the business, operations, financial conditions and prospects of MDLY and the companies included in
the selected precedent transaction analysis. Accordingly, Barclays believed that a purely quantitative selected precedent transaction
analysis would not be particularly meaningful in the context of considering the proposed MDLY Merger. Barclays therefore made
qualitative judgments concerning differences between the characteristics of the selected precedent transactions and the proposed
transaction which would affect the acquisition values of the selected target companies and MDLY. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Based upon Barclays&rsquo;
selected precedent transaction analysis and these judgments, Barclays selected a range of EV/EBITDA multiples of 9.0x to 12.0x
and applied such range to MDLY&rsquo;s 2019 estimated EBITDA, per the MDLY Projections with MCC Investment Advisory Agreement
and MDLY Projections without MCC Investment Advisory Agreement, to calculate a range of implied equity values per share of MDLY
Class&nbsp;A Common Stock. Barclays&rsquo; selected precedent transactions analysis yielded reference equity value ranges for
shares of MDLY Class&nbsp;A Common Stock of $3.89 to $6.22 per share with MCC and of $3.98 to $6.36 per share without MCC. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Pro Forma Combined
Company</I>.&nbsp;&nbsp;&nbsp;&nbsp;Barclays reviewed and compared the purchase prices and financial multiples paid in selected
precedent BDC transactions that Barclays deemed relevant, based on its experience with merger and acquisition transactions, particularly
involving BDCs. Barclays chose such precedent BDC transactions based on, among other things, the similarity of the applicable
target companies in the transactions to the Combined Company with respect to the size, mix, margins and other characteristics
of their businesses. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 127; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->119<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Using publicly
available information, Barclays calculated and analyzed prices paid in the selected precedent transactions as a multiple of the
NAV of each of the selected comparable BDCs. The reasons for and the circumstances surrounding each of the selected precedent
BDC transactions analyzed were diverse and there are inherent differences in the business, operations, financial conditions and
prospects of the pro forma Combined Company and the companies included in the selected precedent transaction analysis. Accordingly,
Barclays believed that a purely quantitative selected precedent transaction analysis would not be particularly meaningful in the
context of considering the proposed MDLY Merger. Barclays therefore made qualitative judgments concerning differences between
the characteristics of the selected precedent transactions and the proposed transaction which would affect the acquisition values
of the selected target companies and the Combined Company. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Based upon Barclays&rsquo;
selected precedent transaction analysis and these judgments, Barclays selected a range of price to NAV multiples of 0.80x to 1.0x
and applied such range to the Combined Company&rsquo;s NAV, per the Sierra Projections and the Sierra/MCC Projections, to calculate
a range of implied equity values per share of Sierra Common Stock. Barclays&rsquo; selected precedent transactions analysis yielded
reference equity value ranges for shares of Sierra Common Stock of $5.27 to $6.59 per share with MCC and of $5.21 to $6.51 per
share without MCC. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Barclays noted
that the implied ranges of the Consideration of $4.37 to $4.72 (with MCC) and of $4.35 to $4.70 (without MCC) to be offered to
the MDLY Public Stockholders for each of their shares of MDLY Class&nbsp;A Common Stock in the proposed MDLY Merger, consisting
of $2.96 and 0.2668 shares of Sierra Common Stock was within the range of implied equity values per share of MDLY Class&nbsp;A
Common Stock derived pursuant to the foregoing analyses. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <B><I>&nbsp;</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <B><I>Discounted Cash Flow Analysis</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Standalone MDLY</I>.&nbsp;&nbsp;&nbsp;&nbsp;In
order to estimate the present value of MDLY Class&nbsp;A Common Stock, Barclays performed a discounted cash flow analysis of MDLY.
A discounted cash flow analysis is a traditional valuation methodology used to derive an intrinsic valuation of an asset by calculating
the &ldquo;present value&rdquo; of estimated future cash flows of the asset. &ldquo;Present value&rdquo; refers to the current
value of future cash flows or amounts and is obtained by discounting those future cash flows or amounts by a range of discount
rates that takes into account macroeconomic assumptions and estimates of risk, the opportunity cost of capital, expected returns
and other appropriate factors. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 128; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->120<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> To calculate the
estimated enterprise value of MDLY using the discounted cash flow method, Barclays added (i) MDLY&rsquo;s projected after-tax
unlevered free cash flows for fiscal years 2020 through 2022 based on the MDLY Projections with MCC Investment Advisory Agreement
and MDLY Projections without MCC Investment Advisory Agreement to (ii) the &ldquo;terminal value&rdquo; of MDLY as of December
31, 2022, and discounted such amount to its present value using a range of selected discount rates ranging from 13.0% to 15.0%.
The after-tax unlevered free cash flows were calculated by taking the EBITDA, (a) subtracting capital expenditures and taxes (assuming
an effective tax rate of 33.2%, per Management) and (b) adjusting working capital to be equal to 25% to 30% of annual operating
expenses, in each case per the MDLY Projections. The residual value of MDLY at the end of the forecast period, or &ldquo;terminal
value,&rdquo; was estimated by selecting a range of terminal value multiples based on EV to EBITDA for the year ending December
31, 2022 of 5.0x to 6.5x, which was derived by analyzing the results from the MDLY selected comparable company analysis and applying
such range to MDLY&rsquo;s estimated 2022E EBITDA. The range of after-tax discount rates of 13.0% to 15.0% was selected based
on an analysis of the weighted average cost of capital of MDLY and the selected comparable companies. Barclays then subtracted
net debt from the enterprise value and divided the resulting value by the number of shares outstanding to reach a range of implied
equity value. The ranges of implied equity values per share of MDLY Class&nbsp;A Common Stock resulting from Barclays&rsquo; discounted
cash flow analysis were $3.72 to $5.74 per share with MCC and $2.64 to $4.30 per share without MCC. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <I>Pro Forma Combined
Company</I>.&nbsp;&nbsp;&nbsp;&nbsp;In order to estimate the present value of the Sierra Common Stock, Barclays performed a discounted
cash flow analysis of the pro forma Combined Company. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> To calculate the
estimated equity value ranges per share of Sierra Common Stock using the discounted cash flow method, Barclays added (i) the Combined
Company&rsquo;s projected net investment income for fiscal years 2020 through 2022, based on the Sierra Projections and the Sierra/MCC
Projections, to (ii) the &ldquo;terminal value&rdquo; of the Combined Company as of December 31, 2022, and discounted such amount
to December 31, 2019 using a range of selected discount rates ranging from 8.0% to 10.0%. The residual value of the Combined Company
at the end of the forecast period, or &ldquo;terminal value,&rdquo; was estimated by selecting a range of terminal value multiples
based price to NAV for the year ending December 31, 2022 of 0.80x to 1.00x, which was derived by analyzing the results from the
Consolidated Company selected comparable company analysis and applying such range to the Combined Company Projections. The range
of after-tax discount rates of 8.0% to 10.0% was selected based on an analysis of the cost of equity of the Combined Company and
the selected comparable companies. The ranges of implied equity values per share of MDLY Class&nbsp;A Common Stock resulting from
Barclays&rsquo; discounted cash flow analysis were $6.13 to $7.67 per share with MCC and $6.29 to $7.88 per share without MCC. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Barclays noted
that the implied ranges of the Consideration of $4.37 to $4.72 (with MCC) and of $4.35 to $4.70 (without MCC) to be offered to
the MDLY Public Stockholders for each of their shares of MDLY Class&nbsp;A Common Stock in the proposed MDLY Merger, consisting
of $2.96 and 0.2668 shares of Sierra Common Stock was within or exceeded the range of implied equity values per share of MDLY
Class&nbsp;A Common Stock derived pursuant to the foregoing analyses. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <B>&nbsp;</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <B>Other Factors</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Barclays also reviewed
and considered other factors, which were not considered as part of its financial analyses in connection with rendering its opinion,
but were references for informational purposes for the MDLY Special Committee, including, among other things, a historical share
price analysis and a transaction premium analysis. </P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 129; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->121<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>e.</B></FONT> </TD><TD STYLE="text-align: justify"> <B><U><A NAME="b_004"></A>Phase
                                         2 &mdash; Reasons for the Mergers</U></B> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>i.</B></FONT> </TD><TD STYLE="text-align: justify"> <B><U>Sierra</U></B><U>&rsquo;<B>s
                                         Reasons for the Mergers &mdash; Phase 2 Approval</B></U> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> <U>MCC Merger and
MDLY Merger</U> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> The Sierra Special
Committee unanimously determined that the Amended MCC Merger Agreement, the Amended MDLY Merger Agreement and the transactions
contemplated thereby, including, without limitation, the MCC Merger and the MDLY Merger, are advisable and fair to, and in the
best interests of, Sierra and the Sierra Stockholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> In recommending
that the Sierra Board approve the Amended MCC Merger Agreement, the Amended MDLY Merger Agreement and the transactions contemplated
thereby, including the MCC Merger and the MDLY Merger, the Sierra Special Committee considered the terms of the Amended MCC Merger
Agreement, the Amended MDLY Merger Agreement and the other transactions and agreements relating thereto. As part of its evaluation,
the Sierra Special Committee considered the financial terms, risks/challenges, timing and uncertainties of alternatives available
to Sierra, as well as financial information prepared by Management. The Sierra Special Committee consulted with outside financial
and legal advisors and Management, and took into account a number of reasons, including, among others: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Mergers
                                         will increase the assets under management of the Combined Company, offering the potential
                                         for greater diversification and scale; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Mergers
                                         are expected to be accretive to Sierra&rsquo;s 2020E NII, 2020E ROE and NAV at March
                                         31, 2019; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Mergers
                                         offer the potential for achieving operational efficiencies and synergies; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the public
                                         listing of the Combined Company will provide liquidity for the Sierra Stockholders, and
                                         the market for the shares of the Combined Company Common Stock is likely to be superior
                                         to what would be expected if Sierra merely listed its shares; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Mergers
                                         will result in the internalization of management of the Combined Company, providing for
                                         greater control by the Combined Company Board and closer alignment of interests of Management
                                         and the Combined Company Stockholders; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that the Sierra Special Committee actively negotiated the terms of the Amended MCC Merger
                                         Agreement and the Amended MDLY Merger Agreement; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the renegotiation
                                         of the Tax Receivable Agreement is expected to provide benefits to the Combined Company
                                         because the Combined Company will no longer be contractually obligated to share substantially
                                         all of the tax savings associated with its tax basis step-up with Medley LLC Unitholders; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the financial
                                         analyses and presentations prepared by Broadhaven and its oral opinion delivered to the
                                         Sierra Special Committee on July 28, 2019, which was subsequently confirmed in writing
                                         by delivery of Broadhaven&rsquo;s written opinion dated July 28, 2019, to the effect
                                         that, as of that date and based upon and subject to various assumptions, limitations
                                         and qualifications described in its opinion, the total consideration to be paid and issued
                                         by Sierra pursuant to the Amended MCC Merger Agreement and the Amended MDLY Merger Agreement
                                         was fair to Sierra from a financial point of view; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 130; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->122<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the compensation
                                         to be paid to members of Management has been reviewed by the Special Committee&rsquo;s
                                         compensation consultant, which has advised that the proposed compensation is reasonable
                                         and competitive with peer companies; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> based
                                         on the MDLY Merger Consideration to be received by Management in connection with the
                                         Mergers (as described herein), the net effect of such merger consideration will be that
                                         Management will roll over approximately 100% of their after tax proceeds in connection
                                         with the Mergers into shares of Combined Company Common Stock, which shares will be subject
                                         to a 12-month lock-up period, which will more closely align the interests of Management
                                         and the Combined Company Stockholders; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the investment
                                         objectives and principal investment strategies of Sierra and MCC are similar; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the MCC
                                         Merger is expected to be tax-free to Sierra Stockholders; and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the consummation
                                         of the Mergers is subject to significant conditions, including the requirement that the
                                         Mergers be approved by Sierra Stockholders. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <U>MDLY Merger Only </U> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> The Sierra Special
Committee unanimously determined that the Amended MDLY Merger Agreement and the transactions contemplated thereby, including,
without limitation, the MDLY Merger, is advisable and fair to, and in the best interests of, Sierra and the Sierra Stockholders
even if the MCC Merger is not consummated. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> In recommending
that the Sierra Board approve the Amended MDLY Merger Agreement and the transactions contemplated thereby, including the MDLY
Merger, even if the MCC Merger is not consummated, the Sierra Special Committee considered the terms of the Amended MDLY Merger
Agreement and the other transactions and agreements relating thereto. As part of its evaluation, the Sierra Special Committee
considered the financial terms, risks/challenges, timing and uncertainties of alternatives available to Sierra, as well as financial
information prepared by Management. The Sierra Special Committee consulted with outside financial and legal advisors and Management,
and took into account a number of reasons, including, among others: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the MDLY
                                         Merger is expected to be accretive to Sierra&rsquo;s 2020E NII and 2020E ROE; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the MDLY
                                         Merger offers the potential for achieving operational efficiencies and synergies; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the public
                                         listing of the Sierra/MDLY Company will provide liquidity for the Sierra Stockholders,
                                         and the market for the shares of the Sierra/MDLY Company Common Stock is likely to be
                                         superior to what would be expected if Sierra merely listed its shares; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the MDLY
                                         Merger will result in the internalization of management of the Sierra/MDLY Company, providing
                                         for greater control by the Board of the Sierra/MDLY Company and closer alignment of interests
                                         of Management and the Sierra/MDLY Company Stockholders; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that the Sierra Special Committee actively negotiated the terms of the Amended MDLY Merger
                                         Agreement; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 131; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->123<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the renegotiation
                                         of the Tax Receivable Agreement is expected to provide benefits to the Sierra/MDLY Company
                                         because the Sierra/MDLY Company will no longer be contractually obligated to share substantially
                                         all of the tax savings associated with its tax basis step-up with Medley LLC Unitholders; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the financial
                                         analyses and presentations prepared by Broadhaven and its oral opinion delivered to the
                                         Sierra Special Committee on July 28, 2019, which was subsequently confirmed in writing
                                         by delivery of Broadhaven&rsquo;s written opinion dated July 28, 2019, to the effect
                                         that, as of that date and based upon and subject to various assumptions, limitations
                                         and qualifications described in its opinion, the total consideration to be paid and issued
                                         by Sierra pursuant to the Amended MDLY Merger Agreement was fair to Sierra from a financial
                                         point of view; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the compensation
                                         to be paid to members of Management has been reviewed by the Special Committee&rsquo;s
                                         compensation consultant, which has advised that the proposed compensation is reasonable
                                         and competitive with peer companies; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> based
                                         on the MDLY Merger Consideration to be received by Management in connection with the
                                         Mergers (as described herein), the net effect of such merger consideration will be that
                                         Management will roll over approximately 100% of their after tax proceeds in connection
                                         with the MDLY Merger into shares of Sierra/MDLY Company Common Stock, which shares will
                                         be subject to a 12-month lock-up period, which will more closely align the interests
                                         of Management and the Sierra/MDLY Company Stockholders; and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the consummation
                                         of the MDLY Merger is subject to significant conditions, including the requirement that
                                         the MDLY Merger be approved by Sierra Stockholders. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> In view of the variety
of factors and the amount of information considered, as well as the complexity of that information, the Sierra Special Committee
did not find it practicable to, and did not, quantify, rank or otherwise assign relative weights to the specific factors it considered
in reaching its decisions. In addition, individual members of the Sierra Special Committee may have given different weight to
different factors. The above factors are not listed in any particular order of priority. In the judgment of the Sierra Special
Committee, the potential risks associated with the Amended MCC Merger Agreement, the Amended MDLY Merger Agreement and the transactions
contemplated thereby, including the MCC Merger and the MDLY Merger, were favorably offset by the potential benefits of the Amended
MCC Merger Agreement, the Amended MDLY Merger Agreement and the transactions contemplated thereby, including the MCC Merger and
the MDLY Merger. <FONT STYLE="font-family: Times New Roman, Times, Serif">This explanation of the Sierra Special Committee&rsquo;s
reasoning, and all other information presented in this section, is forward-looking&nbsp;in nature.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>ii.</B></FONT> </TD><TD STYLE="text-align: justify"> <B><U>Position
                                         of Sierra as to the Fairness of the MDLY Merger</U></B> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Because the proposed
MDLY Merger may be deemed to be subject to the SEC rules governing &ldquo;going private&rdquo; transactions, and Sierra may be
deemed to be an affiliate of MDLY under those rules, the Sierra Board is expressing its position as to the fairness of the proposed
MDLY Merger to MDLY&rsquo;s &ldquo;unaffiliated security holders,&rdquo; as defined under Rule 13e-3 of the Exchange Act. The
Sierra Board is making the statements included in this section solely for the purpose of complying with the requirements of Rule
13e-3 and related rules under the Exchange Act. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> The Sierra Board
believes that the MDLY Merger (which is the Rule 13e-3 transaction for which a Schedule 13E-3 Transaction Statement will be filed
with the SEC) is fair to the unaffiliated MDLY Stockholders on the basis of the factors described below. The Sierra Board did
not participate in the deliberations of the MDLY Special Committee regarding, or receive advice from the MDLY Special Committee&rsquo;s
legal or financial advisors as to, the fairness of the proposed MDLY Merger. The Sierra Board has not performed, or engaged a
financial advisor to perform, any valuation or other analysis for the purpose of assessing the fairness of the MDLY Merger to
the unaffiliated MDLY Stockholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"></P>

<!-- Field: Page; Sequence: 132; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->124<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Based on the knowledge
and analysis by the Sierra Board of available information regarding MDLY, as well as discussions with MDLY&rsquo;s senior management
regarding MDLY and its business and the factors considered by, and the analysis and resulting conclusions of the MDLY Board discussed
in the amended Joint Proxy Statement/Prospectus, in &ldquo;&mdash; MDLY&rsquo;s Reasons for the Mergers &mdash; Phase 2 Approval&rdquo;
the Sierra Board believes that the MDLY Merger is substantively and procedurally fair to the unaffiliated MDLY Stockholders. In
particular, the Sierra Board believes that the MDLY Merger is fair to the unaffiliated MDLY Stockholders based on its consideration
of the following factors, among others, which are not presented in any relative order of importance. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Procedural fairness.
The Sierra Board took into account the procedures implemented to provide for procedural fairness, including: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the appointment
                                         of a special committee of the MDLY Board and the authority of the MDLY Special Committee
                                         to negotiate and reject or recommend approval of the MDLY Merger and the terms of the
                                         Amended MDLY Merger Agreement; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the independence
                                         of the members of the MDLY Special Committee and the fact that its members are outside,
                                         non-employee directors of the MDLY Board and are not affiliated with Sierra or with the
                                         members of the Sierra Special Committee or the Sierra Board; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the belief
                                         that the members of the MDLY Special Committee do not have any interests in the MDLY
                                         Merger different from, or in addition to, those of the unaffiliated MDLY Stockholders,
                                         other than the members&rsquo; receipt of board and special committee compensation in
                                         connection with their evaluation of the MDLY Merger and continued indemnification and
                                         liability insurance for such directors following the completion of the MDLY Merger for
                                         certain claims and liabilities arising from their actions taken prior to the MDLY Merger
                                         Effective Time; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that neither the MDLY Special Committee nor the MDLY Board had any obligation to approve
                                         the MDLY Merger; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the MDLY
                                         Special Committee&rsquo;s engagement of, and reliance on, their own independent, experienced,
                                         third-party advisors, including financial and legal advisors; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the understanding
                                         that the MDLY Special Committee has received or will receive an opinion from its financial
                                         advisor as to the fairness, from a financial point of view, of the consideration to be
                                         offered to the unaffiliated MDLY Stockholders for their MDLY Class A Common Stock, as
                                         of the date of the opinion and based upon and subject to the qualifications, limitations
                                         and assumptions stated therein, understanding that the Sierra Board is not entitled to
                                         rely upon that opinion; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> that
                                         the MDLY Board, based on the recommendation of the MDLY Special Committee, approved the
                                         MDLY Merger and concluded that the MDLY Merger is in the best interests of all MDLY Stockholders,
                                         including the unaffiliated MDLY Stockholders; and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that Sierra did not influence or participate in MDLY&rsquo;s deliberative process. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Substantive fairness.
The Sierra Board considered factors relating to the substantive fairness of the MDLY Merger to MDLY Stockholders, including: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that the MDLY Merger Consideration and the other terms and conditions of the MDLY Merger
                                         were the result of extensive arms&rsquo; length negotiations among the Sierra Special
                                         Committee, the MDLY Special Committee, and their respective independent legal and financial
                                         advisors; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 133; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->125<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that the terms and conditions of the Amended MDLY Merger Agreement provide certain protections
                                         for MDLY and MDLY Stockholders, specifically the inclusion of (i) provisions that allow
                                         MDLY and its representatives to engage in negotiations or substantive discussions, subject
                                         to certain procedural requirements, with parties making competing proposals during the
                                         pendency of the Go-Shop Period at MCC without the MDLY Board being required to make a
                                         determination as to whether such competing proposal either constitutes or could reasonably
                                         be expected to lead to MDLY Merger Superior Proposal; (ii) provisions that provide the
                                         MDLY Board the right in certain circumstances to terminate the Amended MDLY Merger Agreement
                                         if failure to terminate would be inconsistent with the fiduciary duties of the MDLY Board,
                                         subject to the payment of a market termination fee; and (iii) provisions that allow MDLY
                                         to compel specific enforcement of the Amended MDLY Merger Agreement; and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the availability
                                         of appraisal rights under the DGCL to MDLY Stockholders who follow the procedures and
                                         satisfy the conditions set forth in Section 262 of the DGCL. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Value fairness.
The Sierra Board also considered factors relating to the value of the MDLY Merger Consideration to be received by MDLY Stockholders,
including: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the nature
                                         of the MDLY Merger Consideration, which includes (a) the right of MDLY Class A stockholders,
                                         other than Medley LLC Unitholders, to receive (i) 0.2668 shares of Sierra Common Stock
                                         plus (ii) cash in an amount equal to $2.96 per share, and (b) the right of Medley LLC
                                         Unitholders to receive (i) 0.2072 shares of Sierra Common Stock plus (ii) cash in an
                                         amount equal to $ 2.66 per share; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the opinion
                                         of its financial advisor which conducted a series of financial analyses to determine
                                         a valuation of MDLY Class A Common Stock.; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> that
                                         the aggregate stock and cash consideration to be received by MDLY Class A stockholders,
                                         other than Medley LLC Unitholders, in the MDLY Merger for their shares of MDLY Class
                                         A Common Stock will be greater than the aggregate stock and cash consideration to be
                                         received by the affiliated MDLY Stockholders for their shares of MDLY Class A Common
                                         Stock; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Sierra
                                         Board&rsquo;s view that MDLY&rsquo;s future performance and prospects if MDLY remained
                                         a stand-alone company would be adversely affected by its lack of scale as compared to
                                         competing alternative asset managers; and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the continued
                                         costs and risks to, and potential liabilities of, MDLY related to ongoing compliance
                                         as an SEC reporting company. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Negative Factors.
In addition to the positive factors above, the Sierra Board also considered certain potentially negative factors, including, but
not limited to: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that the exchange ratio for shares of MDLY Class A Common Stock into shares of Sierra
                                         Common Stock is fixed, and that the unaffiliated MDLY Stockholders may be adversely affected
                                         by declines in the value of the Sierra Common Stock after the execution of the Amended
                                         MDLY Merger Agreement; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the risk
                                         that the MDLY Merger may not be completed and the resulting adverse effect of an announcement
                                         of the termination of the Amended MDLY Merger Agreement on the market price for MDLY
                                         Class A Common Stock; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the risk
                                         that the Sierra Common Stock received by MDLY Stockholders may trade at a discount to
                                         NAV; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 134; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->126<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the substantial
                                         costs to be incurred by MDLY in connection with the MDLY Merger, whether or not the MDLY
                                         Merger is completed; and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that there is no requirement that a majority of the unaffiliated MDLY Stockholders approve
                                         the MDLY Merger and that as a class they hold only 2.25% of the outstanding voting stock
                                         of MDLY. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>iii.</B></FONT> </TD><TD> <B><U>MCC&rsquo;s
                                         Reasons for the Mergers &mdash; Phase 2 Approval</U></B> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> The MCC Special
Committee unanimously determined that the Amended MCC Merger Agreement and the transactions contemplated thereby, including, without
limitation, the MCC Merger, are advisable and fair to, and in the best interests of, MCC and the MCC Stockholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> In recommending
that the MCC Board approve the Amended MCC Merger Agreement and the transactions contemplated thereby, including the MCC Merger,
the MCC Special Committee considered the terms of the Amended MCC Merger Agreement and the other transactions and agreements relating
hereto. As part of its evaluation, the MCC Special Committee considered the financial terms, risks/challenges, timing and uncertainties
of alternatives available to MCC, as well as financial information prepared by Management. The MCC Special Committee consulted
with outside financial and legal advisors and Management, and took into account a number of reasons, including, among others: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Financial Considerations</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the value
                                         of the MCC Merger Consideration to be received by the MCC Stockholders in the MCC Merger; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that, since the MCC Merger Consideration will be paid in shares of Sierra Common Stock,
                                         the MCC Stockholders would have the opportunity to participate in any future earnings
                                         and growth of the Combined Company and future appreciation in the value of such shares
                                         following the Mergers should they determine to retain the shares of Sierra Common Stock
                                         payable in the MCC Merger; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the total
                                         implied value of the MCC Merger Consideration (taken together with the Settlement Distribution)
                                         to be received by MCC Stockholders (other than Sierra, MDLY, and their respective affiliates
                                         and those holders of MCC Common Stock who are not Eligible Class Members) in the MCC
                                         Merger is expected to result in an estimated accretion of between 25.83% to 28.3% of
                                         NII per share of MCC Common Stock for MCC Stockholders assuming flat MDLY earnings and
                                         an estimated accretion of between 35.6% to 38.31% assuming projected MDLY earnings; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> MCC Stockholders
                                         (other than Sierra, MDLY, and their respective affiliates and those holders of MCC Common
                                         Stock who are not Eligible Class Members) are expected to experience an estimated accretion
                                         of between 3.91% to 6.54% of NAV per share (taking into account the Settlement Distribution)
                                         as a result of the MCC Merger; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the potential
                                         accretion in stock value for MCC Stockholders given the expected potential trading values
                                         of the Combined Company Common Stock and in light of the current NAV discount at which
                                         MCC trades; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the belief
                                         of the MCC Special Committee that its negotiations had resulted in the highest price
                                         per share for the unaffiliated MCC Stockholders that MDLY and Sierra would support; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the MCC
                                         Merger is expected to be tax-free to MCC Stockholders; and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the financial
                                         presentation of Sandler O&rsquo;Neill &amp; Partners, L.P. (&ldquo;<B><I>Sandler O&rsquo;Neill</I></B>&rdquo;)
                                         to the MCC Special Committee, dated July 28, 2019, and the opinion of Sandler O&rsquo;Neill
                                         to the MCC Special Committee, dated July 28, 2019, to the effect that, as of that date
                                         and based upon and subject to various assumptions, matters considered and limitations
                                         described in its opinion, the MCC Merger Consideration, taken together with the Settlement
                                         Distribution, was fair, from a financial point of view, to holders of MCC Common Stock
                                         (other than Sierra, MDLY, and their respective affiliates and those holders of MCC Common
                                         Stock who are not Eligible Class Members), which opinion is described in the section
                                         entitled &ldquo;Opinion of Financial Advisor to the MCC Special Committee.&rdquo; </TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp;&nbsp; </P>

<!-- Field: Page; Sequence: 135; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->127<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp;<I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Strategic and Business Considerations</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that the MCC Special Committee had the authority to not recommend that the MCC Board
                                         approve the Amended MCC Merger Agreement and the MCC Board would have been precluded
                                         from approving the Amended MCC Merger Agreement under those circumstances; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that the MCC Special Committee had the authority to recommend that MCC terminate the
                                         MCC Merger Agreement; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Combined
                                         Company should have greater scale for investment and financing flexibility (potential
                                         improvement in credit rating could result in lower funding costs and improved access
                                         to capital over time); </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Combined
                                         Company would have a more diversified balance sheet; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Combined
                                         Company would have less relative exposure to non-accruing loans; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the internalization
                                         better aligns the incentives of Management with the MCC Stockholders as well as provides
                                         greater transparency into Management&rsquo;s structure; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Combined
                                         Company should have potential earnings enhancement over time through ownership of an
                                         asset management subsidiary; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Combined
                                         Company would be expected to have a significantly greater market capitalization and thus
                                         increased potential liquidity for MCC Stockholders; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Combined
                                         Company would be expected to be the 13th largest publicly traded BDC compared to MCC,
                                         which currently is the 20th largest BDC; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> BDCs
                                         with internal management structures have tended to trade at less of a discount than externally
                                         managed BDCs; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the transaction
                                         should simplify the current structure of cross-ownership and management of MCC and Sierra; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the go-shop
                                         process is expected to provide the opportunity for a market check of the MCC Merger Consideration;
                                         and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the terms
                                         and conditions of the Amended MCC Merger Agreement, as discussed in the section entitled
                                         &ldquo;The Description of the Amended MCC Merger Agreement,&rdquo; which the MCC Special
                                         Committee after consulting with its legal advisors considered to be reasonable. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> In the course of
reaching the determinations and decisions and making the recommendation described above, the MCC Special Committee considered
the risks and challenges relating to the Mergers, including the following material items: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that the MCC Merger Consideration and a portion of the Settlement Distribution to be
                                         received by the MCC Stockholders will consist of Sierra Common Stock based on a fixed
                                         exchange ratio range and that the value of the MCC Merger Consideration may decline either
                                         before or after the MCC Special Meeting and there will be no adjustment to the exchange
                                         ratio, thereby exposing the MCC Stockholders to the risks of an equity investment in
                                         Sierra Common Stock; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 136; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->128<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Combined
                                         Company has not traded before and it could trade at a significant discount; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> though
                                         the combined portfolio may be more diversified and have a lower percentage of non-accruing
                                         loans, the Combined Company would still have the same management team as before and MCC
                                         has experienced significant declines in NAV and NII under the management team; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> uncertainties
                                         about MDLY&rsquo;s ability to grow business (and earnings) as a captive asset manager; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> there
                                         would be a dilution in MCC Stockholders&rsquo; influence (MCC Stockholders would own
                                         approximately 26.8% to 27.3% of the Combined Company); </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the fact
                                         that not all of the conditions to the MCC Merger Closing, including SEC approval, court
                                         approval, and the required stockholder approvals, are within the parties&rsquo; control; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the substantial
                                         costs to be incurred by MCC in connection with the Amended MCC Merger Agreement and the
                                         other transactions contemplated thereby, regardless of whether the MCC Merger is consummated; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the risks
                                         and benefits of pursuing an alternative that did not include the Settlement Fund and
                                         settlement of the MCC Stockholder Action; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the risk
                                         that the announcement and pendency of the MCC Merger could result in the disruption of
                                         MCC&rsquo;s business, including the possible diversion of Management attention and potential
                                         adverse effects on MCC&rsquo;s business relationships; and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the challenges
                                         inherent in the combination of three businesses, including the risk that integration
                                         of the three companies may take more time or be more costly than anticipated, and the
                                         risk that cost savings, synergies and other benefits expected to be obtained may not
                                         be fully or timely realized. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> In view of the variety
of factors and the amount of information considered, as well as the complexity of that information, the MCC Special Committee
did not find it practicable to, and did not, quantify, rank or otherwise assign relative weights to the specific factors it considered
in reaching its decisions. In addition, individual members of the MCC Special Committee may have given different weight to different
factors. The above factors are not listed in any particular order of priority. In the judgment of the MCC Special Committee, the
potential risks associated with the Amended MCC Merger Agreement and the transactions contemplated thereby, including the MCC
Merger, were favorably offset by the potential benefits of the Amended MCC Merger Agreement and the transactions contemplated
thereby, including the MCC Merger. <FONT STYLE="font-family: Times New Roman, Times, Serif">This explanation of the MCC Special
Committee&rsquo;s reasoning, and all other information presented in this section, is forward-looking&nbsp;in nature.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>iv.</B></FONT> </TD><TD> <B><U>The
                                         Medley Affiliates&rsquo; Reasons for the MDLY Merger &mdash; Phase 2 Approval</U></B> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> The Medley Affiliates
unanimously determined that the Amended MDLY Merger Agreement and the transactions contemplated thereby (whether or not the Amended
MCC Merger Agreement and the transactions contemplated thereby are approved), are advisable and fair to, and in the best interests
of, the MDLY Stockholders. As part of its evaluation, the Medley Affiliates considered the financial terms, risks/challenges,
timing and uncertainties of alternatives available to MDLY, as well as financial information prepared by Management. In that regard,
the Medley Affiliates took into account a number of reasons, including, among others: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Mergers
                                         are expected to be accretive to the Combined Company&rsquo;s NII, ROE, and NAV over time; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 137; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->129<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Mergers
                                         are expected to create a single, larger, more diversified balance sheet for the Combined
                                         Company; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Mergers
                                         have the potential to increase share trading liquidity for stockholders of Sierra, MCC
                                         and MDLY; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Mergers
                                         offer the potential for achieving cost savings, operational efficiencies and synergies;
                                         and </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> the Mergers
                                         will simplify the overall corporate structure and more closely align the interests of
                                         Management and all constituent stockholders, providing the potential for an increase
                                         in valuation comparable to internally managed BDC peers. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"> <B>&nbsp;</B> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>v.</B></FONT> </TD><TD> <B><U>MDLY&rsquo;s
                                         Reasons for the Mergers &mdash; Phase 2 Approval</U></B> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> The MDLY Special
Committee unanimously determined, and recommended the MDLY Board determine, that the Amended MDLY Merger Agreement and the transactions
contemplated thereby, including, without limitation, the MDLY Merger, are advisable and fair to, and in the best interests of,
MDLY and the unaffiliated MDLY Stockholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> The MDLY Board and
the Medley Affiliates determined that the Amended MDLY Merger Agreement and the transactions contemplated thereby, including,
without limitation, the Amended MDLY Merger are advisable and fair to, and in the best interests of, MDLY and the unaffiliated
MDLY Stockholders. The MDLY Board and the Medley Affiliates were able to reach their fairness determination as to the MDLY unaffiliated
security holders in light of the fact that, among other things, all of the MDLY unaffiliated security holders and certain non-management
affiliates of MDLY will receive the same dollar amount per share for their MDLY Class A Common Stock. The MDLY Board was able
to reach its fairness determination as to unaffiliated security holders by adopting the determinations of the MDLY Special Committee. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> In making its recommendation
to the MDLY Board, the MDLY Special Committee expressly relied upon, among other things, the Barclays fairness opinion<B>, </B>subject
to the qualifications, limitations and assumptions stated therein<B>, </B>together with the analyses and conclusions of Barclays
in issuing its fairness opinion, including the comparable company, comparable transaction and discounted cash flow analyses (based
on the MDLY Projections) contained therein, and the other factors considered and reviewed for informational purposes (including,
without limitation, the historical share price analysis and transaction premium analysis), as further described in &ldquo;&mdash;Summary
of Financial Presentation by Barclays, dated July 28, 2019, to the MDLY Special Committee.&rdquo; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> Each of the factors
set forth above were important to MDLY and the Medley Affiliates in determining the fairness of the transaction to the MDLY unaffiliated
security holders. With respect to whether the consideration offered to MDLY unaffiliated security holders constitutes fair value,
MDLY believes that the factors that are described above constitute an analysis of whether the consideration offered to unaffiliated
security holders constitutes fair value in relation to current market prices, historical market prices and going concern value.
Moreover, while net book value was considered as a data point, MDLY did not consider its net book value on a stand-alone basis
in considering the fairness of the transaction due to the fact that MDLY&rsquo;s business is based on fee income rather than asset
value. MDLY did not consider liquidation value as liquidating the company was not considered. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"></P>

<!-- Field: Page; Sequence: 138; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->130<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In recommending
that the MDLY Board approve the Amended MDLY Merger Agreement and the transactions contemplated thereby, including the MDLY Merger,
the MDLY Special Committee considered the terms of the Amended MDLY Merger Agreement and the other transactions and agreements
relating thereto. As part of its evaluation, the MDLY Special Committee considered the financial terms, risks/challenges, timing
and uncertainties of alternatives available to MDLY, as well as financial information prepared by Management. The MDLY Special
Committee consulted with outside financial and legal advisors and Management, and took into account a number of reasons, including,
among others: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Financial Considerations</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The aggregate
                                         value and composition of the MDLY Merger Consideration to be received by the MDLY Stockholders
                                         in the MDLY Merger, including the fact that upon completion of the MDLY Merger, the unaffiliated
                                         MDLY Stockholders would receive $2.96 per share and Management would receive $2.66 per
                                         share, <I>plus </I>both the unaffiliated MDLY Stockholders and Management would receive
                                         0.2668 shares of Sierra Common Stock per share of MDLY Class A Common Stock and 0.2072
                                         shares of Sierra Common Stock per share of MDLY Class A Common Stock, respectively. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that a significant portion of the MDLY Merger Consideration to be received by the unaffiliated
                                         MDLY Stockholders in the MDLY Merger will be paid in cash, giving the unaffiliated MDLY
                                         Stockholders an opportunity to immediately realize value for a portion of their investment
                                         and providing certainty of value with respect to the cash portion of the MDLY Merger
                                         Consideration to be paid to the unaffiliated MDLY Stockholders. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that, since the stock portion of the MDLY Merger Consideration will be paid in shares
                                         of Sierra Common Stock, the MDLY Stockholders would have the opportunity to participate
                                         in any future earnings and growth of the Combined Company, or the Sierra/MDLY Company,
                                         as applicable, and future appreciation in the value of such shares following the MDLY
                                         Merger should they determine to retain the shares of Sierra Common Stock payable in the
                                         MDLY Merger. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the total implied value of the MDLY Merger Consideration to be received by the unaffiliated
                                         MDLY Stockholders in the MDLY Merger, if the Mergers are consummated, represented a premium
                                         to market of approximately 98%, assuming a NAV multiple of 1.00x for Sierra (approximately
                                         83.5%, assuming a NAV multiple of 0.80x for Sierra), based on the closing share price
                                         of $2.38 for MDLY Class A Common Stock on July 26, 2019 (the last trading day prior to
                                         announcement of the MDLY Merger), and a premium to market of approximately 82%, assuming
                                         a NAV multiple of 1.00x for Sierra (approximately 68%, assuming a NAV multiple of 0.80x
                                         for Sierra), based on the 90-day VWAP for MDLY Class A Common Stock for the period ended
                                         July 26, 2019. If the MDLY Merger is consummated, but the MCC Merger is not consummated,
                                         the total implied value of the MDLY Merger Consideration to be received by the unaffiliated
                                         MDLY Stockholders in the MDLY Merger represented a premium to market of approximately
                                         97%, assuming a NAV multiple of 1.00x for Sierra (approximately 83%, assuming a NAV multiple
                                         of 0.80x for Sierra), based on the closing share price of $2.38 for MDLY Class A Common
                                         Stock on July 26, 2019, and a premium to market of approximately 81%, assuming a NAV
                                         multiple of 1.00x for Sierra (approximately 67.5%, assuming a NAV multiple of 0.80x for
                                         Sierra), based on the 90-day VWAP for MDLY Class A Common Stock for the period ended
                                         July 26, 2019. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 139; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->131<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fairness
                                         presentation by Barclays and its oral opinion delivered to the MDLY Special Committee
                                         on July 28, 2019 (which was subsequently confirmed in writing by delivery of Barclays&rsquo;
                                         written opinion dated July 28, 2018), that, as of such date, and based upon and subject
                                         to the qualifications, limitations and assumptions stated in its opinion, from a financial
                                         point of view, the Consideration (as defined below) to be offered to the non-management
                                         holders of MDLY Class A Common Stock in the proposed MDLY Merger, assuming, at the instruction
                                         of the MDLY Special Committee that the MCC Merger is consummated substantially concurrently
                                         with the MDLY Merger and alternatively, assuming, at the instruction of the MDLY Special
                                         Committee, that the MCC Merger is not consummated and that MCC terminates the MCC Investment
                                         Management Agreement, is fair to such stockholders, including, without limitation, the
                                         comparable company analysis, comparable transaction analysis and discounted cash flow
                                         analysis performed by Barclays. In addition, Barclays considered and reviewed with the
                                         MDLY Special Committee other factors for informational purposes, including, among other
                                         things, the Historical Stock Price Analysis and Transaction Premium Analysis, as further
                                         described in &ldquo;Summary of Financial Presentation by Barclays, dated July 28, 2019,
                                         to the MDLY Special Committee &mdash; Summary of Material Financial Analyses.&rdquo; </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the MDLY Special Committee identified additional sources of value for the unaffiliated
                                         MDLY Stockholders, including that the Medley LLC Unitholders agreed to forfeit all of
                                         the benefits to which they otherwise would be entitled under the Tax Receivable Agreement
                                         in order to increase the amount of consideration available to the unaffiliated MDLY Stockholders. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the MDLY Special Committee successfully negotiated additional consideration to be
                                         paid only to unaffiliated MDLY Stockholders in the form of additional cash and shares
                                         of Sierra Common Stock. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The belief
                                         of the MDLY Special Committee that its negotiations had resulted in the highest price
                                         per share for the unaffiliated MDLY Stockholders compared to Management and that MCC
                                         and Sierra would support. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Thorough Review of Strategic Alternatives</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that MDLY had carefully considered and evaluated, with the assistance of Management and
                                         legal and financial advisors, various potential strategic alternatives, including the
                                         robust and extensive sales processes to date run by MDLY. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The belief
                                         of the MDLY Special Committee, which belief was formed after consultation with Management
                                         and legal and financial advisors, that soliciting interest from additional third parties
                                         would be unlikely to lead to a better offer and could lead to the loss of the offer in
                                         connection with the proposed MDLY Merger. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that, following the execution of the MDLY Merger Agreement on August 9, 2018, only one
                                         party submitted an expression of interest regarding a potential acquisition of MDLY,
                                         which expression of interest was conditioned on, but did not receive, the support of
                                         the Medley LLC Unitholders, and valued MDLY, on a per share basis, at less than the value
                                         of the MDLY Merger Consideration. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The belief
                                         of the MDLY Special Committee, which belief was formed after consultation with Management
                                         and legal and financial advisors, that the process conducted by MDLY has resulted in
                                         the highest price reasonably available to the unaffiliated MDLY Stockholders, including
                                         any standalone options. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Strategic and Business Considerations</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the MDLY Special Committee, comprising independent, non-employee directors of the
                                         MDLY Board, and with the assistance of independent, experienced, third party financial
                                         and legal advisors, had the authority to negotiate and reject or recommend approval of
                                         the Amended MDLY Merger Agreement and the transactions contemplated thereby, including
                                         the MDLY Merger. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 140; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->132<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the MDLY Special Committee had the authority to not recommend that the MDLY Board
                                         approve the Amended MDLY Merger Agreement and the MDLY Board would have been precluded
                                         from approving the Amended MDLY Merger Agreement under those circumstances. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The benefits
                                         to the Combined Company, or the Sierra/MDLY Company, as applicable, that could result
                                         from the Mergers or the MDLY Merger, as applicable, including increased assets under
                                         management of the Combined Company or the Sierra/MDLY Company, as applicable, and the
                                         associated potential for greater diversification and scale. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the Sierra Investment Advisory Agreement and the MCC Investment Management Agreement
                                         are renewed annually, renewal effectively requires, and termination of the agreements
                                         are effectively subject only to, the approval of the independent directors of Sierra
                                         and MCC, and their terms provide a certain degree of leverage to Sierra and MCC given
                                         their relative importance to MDLY. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that MDLY Stockholders will have an ability to participate in the future growth of the
                                         Combined Company or the Sierra/MDLY Company, as applicable, including any future upside
                                         in the stock price and potential synergies expected to result from the Mergers or the
                                         MDLY Merger, as applicable. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The likelihood
                                         of obtaining regulatory approvals, including an exemptive order from the SEC granting
                                         relief to Sierra, MCC and MDLY under the Investment Company Act to the extent necessary
                                         to consummate the Mergers or the MDLY Merger, as applicable, and to thereafter operate
                                         as an internally managed BDC. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>&nbsp;</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <I>Terms of the Merger Agreement </I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The terms
                                         of the Amended MDLY Merger Agreement were the result of extensive arm&rsquo;s length
                                         negotiations among Management, the MDLY Special Committee and the Sierra Special Committee. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that, subject to certain procedural requirements set forth therein, the Amended MDLY
                                         Merger Agreement permits MDLY and its representatives to engage in negotiations or substantive
                                         discussions with parties making competing proposals during the pendency of the Go-Shop
                                         Period at MCC without the MDLY Board being required to make a determination as to whether
                                         such competing proposal either constitutes a superior proposal or could reasonably be
                                         expected to lead to a superior proposal, and that failure to consider such competing
                                         proposal could reasonably be expected to be inconsistent with the fiduciary duties of
                                         the MDLY Board. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the Amended MDLY Merger Agreement permits the MDLY Board (at the direction of the
                                         MDLY Special Committee) to change its recommendation that the MDLY Stockholders vote
                                         in favor of the adoption of the Amended MDLY Merger Agreement in response to certain
                                         acquisition proposals, if the MDLY Board (at the direction of the MDLY Special Committee)
                                         determines that failure to change its recommendation could reasonably be expected to
                                         be inconsistent with its fiduciary duties, subject to certain procedural requirements
                                         set forth in the Amended MDLY Merger Agreement. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the MDLY Board could terminate the Amended MDLY Merger Agreement to accept a &ldquo;superior
                                         proposal&rdquo; from a third party, subject to certain procedural requirements set forth
                                         in the Amended MDLY Merger Agreement. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 141; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->133<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The payment
                                         of a reasonable termination fee equal to $3,000,000 by MDLY or Sierra in certain instances
                                         following termination of the Amended MDLY Merger Agreement. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that appraisal rights would be available to MDLY Stockholders who comply with all of
                                         the required procedures under the DGCL, which allows such holders to seek appraisal of
                                         the fair value of their shares as determined by the Delaware Court of Chancery. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the consummation of the MDLY Merger is not conditioned on the consummation of the
                                         MCC Merger. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> The MDLY Special
Committee also considered certain potentially negative factors in its deliberations concerning the MDLY Merger, including, but
not limited to, the following: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the amount of the MDLY Merger Consideration to be paid to the MDLY Stockholders
                                         pursuant to the Amended MDLY Merger Agreement is less than the consideration that would
                                         have otherwise been paid to the MDLY Stockholders pursuant to the MDLY Merger Agreement. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the Sierra Special Committee reduced the amount of the MDLY Merger Consideration
                                         it offered to pay to the MDLY Stockholders to account for the ultimate financial impact
                                         of any potential settlement fund relating to the MCC Stockholder Action payable to those
                                         MCC Stockholders who are Eligible Class Members pursuant to the terms of the Settlement. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that a significant portion of the MDLY Merger Consideration to be paid to MDLY Stockholders
                                         will be paid in cash and, with respect to that portion of the consideration, the MDLY
                                         Stockholders will not participate in the future growth of the Combined Company or the
                                         Sierra/MDLY Company, as applicable. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the MDLY Merger will not be treated as a tax-free reorganization. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the stock portion of the MDLY Merger Consideration to be received by the MDLY Stockholders
                                         will consist of Sierra Common Stock based on a fixed exchange ratio and that the value
                                         of the stock portion of the MDLY Merger Consideration may decline either before or after
                                         the MDLY Special Meeting and there will be no adjustment to the exchange ratio, thereby
                                         exposing the MDLY Stockholders to the risks of an equity investment. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The uncertainty
                                         as to the price at which the Sierra Common Stock will trade as of the consummation of
                                         the MDLY Merger. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that consummation of the MDLY Merger is not conditioned on the approval of a majority
                                         of the unaffiliated MDLY Stockholders. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that, while members of Management will own approximately 3.4% of the shares of the Combined
                                         Company Common Stock (4.8% of the shares of the Sierra/MDLY Company Common Stock, as
                                         applicable) immediately following the MDLY Merger Effective Time, the unaffiliated MDLY
                                         Stockholders would hold only approximately 1.1% of the shares of the Combined Company
                                         Common Stock (1.5% of the shares of the Sierra/MDLY Company Common Stock, as applicable)
                                         immediately following the MDLY Merger Effective Time. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the Amended MDLY Merger Agreement precludes MDLY from actively soliciting competing
                                         proposals and MDLY may not terminate the Amended MDLY Merger Agreement to accept a competing
                                         proposal from a third party unless the MDLY Board (or the MDLY Special Committee) has
                                         determined in good faith (after consultation with its outside financial advisor and legal
                                         counsel) that the competing proposal constitutes a superior proposal and after providing
                                         notice, as applicable, and entering into good faith negotiations with Sierra, in which
                                         case MDLY would be required to pay the termination fee. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 142; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->134<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that, subject to certain procedural requirements set forth therein, the Amended MDLY
                                         Merger Agreement permits Sierra and its representatives to engage in negotiations or
                                         substantive discussions with parties making competing proposals, including proposals
                                         made by third parties to become the primary investment manager of Sierra during the pendency
                                         of the Go-Shop Period at MCC without the Sierra Board being required to make a determination
                                         as to whether such competing proposal either constitutes a superior proposal or could
                                         reasonably be expected to lead to a superior proposal and that failure to consider such
                                         competing proposal could reasonably be expected to be inconsistent with the fiduciary
                                         duties of the Sierra Board. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that MCC will be permitted to actively solicit competing proposals during the Go-Shop
                                         Period and the risks associated with a termination of the Amended MCC Merger Agreement. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The risks
                                         associated with consummating the MDLY Merger in the event that the MCC Merger is not
                                         consummated substantially concurrently therewith. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that not all of the conditions to the MDLY Merger Closing, including the required stockholder
                                         approvals, are within the parties&rsquo; control. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The fact
                                         that the Amended MDLY Merger Agreement contains certain restrictions on the ability of
                                         MDLY to conduct its business in the period between signing and closing, so that Sierra&rsquo;s
                                         consent is required in respect of certain corporate actions, the entry into certain contracts,
                                         the acquisition or disposition of material assets, certain compensation actions, and
                                         other matters. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The substantial
                                         costs to be incurred by MDLY in connection with the Amended MDLY Merger Agreement and
                                         the other transactions contemplated thereby, regardless of whether the MDLY Merger is
                                         consummated. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The risk
                                         that the announcement and pendency of the MDLY Merger could result in the disruption
                                         of MDLY&rsquo;s business, including the possible diversion of Management and employee
                                         attention, potential employee attrition and potential adverse effects on MDLY&rsquo;s
                                         business relationships. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"> &#9679; </TD><TD STYLE="text-align: justify"> The challenges
                                         inherent in the combination of three businesses, including the risk that integration
                                         of the three companies may take more time or be more costly than anticipated, and the
                                         risk that cost savings, synergies and other benefits expected to be obtained may not
                                         be fully or timely realized. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> The MDLY Special
Committee considered the factors taken into account by Barclays in issuing its fairness opinion. In determining the MDLY Merger
is advisable and fair to, and in the best interests of, MDLY and the unaffiliated MDLY Stockholders, the MDLY Special Committee
expressly adopted the analysis and conclusions of Barclays in issuing its fairness opinion as part of its considerations in making
such determination. See &ldquo;Summary of Financial Presentation by Barclays, dated July 28, 2019, to the MDLY Special Committee&rdquo;
and &ldquo;Summary of Financial Presentation by Barclays, dated July 28, 2019, to the MDLY Special Committee&rdquo; for a summary
of the factors used by Barclays in issuing its fairness opinion. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> In view of the variety
of factors and the amount of information considered, as well as the complexity of that information, the MDLY Special Committee
did not find it practicable to, and did not, quantify, rank or otherwise assign relative weights to the specific factors it considered
in reaching its decisions. In addition, individual members of the MDLY Special Committee may have given different weight to different
factors. The above factors are not listed in any particular order of priority. In the judgment of the MDLY Special Committee,
the potential risks associated with the Amended MDLY Merger Agreement and the transactions contemplated thereby, including the
MDLY Merger, were favorably offset by the potential benefits of the Amended MDLY Merger Agreement and the transactions contemplated
thereby, including the MDLY Merger. This explanation of the MDLY Special Committee&rsquo;s reasoning, and all other information
presented in this section, is forward-looking in nature. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 143; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->135<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp;&nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">B.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_027"></A><U>Legal Analysis</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As discussed above,
pursuant to the DGCL, upon consummation of the MDLY Merger, all the property, rights, privileges and powers of MDLY and Merger
Sub shall be vested in Merger Sub as the surviving company, and all debts, liabilities and duties of MDLY shall become the debts,
liabilities and duties of Merger Sub. In addition, upon consummation of the MCC Merger, Sierra will acquire all of the property
of MCC. These transactions could be deemed to require relief from Section 12(d)(3), 17(a) or 57(a) under the 1940 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><A NAME="a_028"></A>1.</FONT></TD><TD STYLE="text-align: justify"><U>Sections 57(a)(1), (2) and (4)</U></TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">a.</FONT></TD><TD><U><A NAME="a_029"></A>Applicable Law</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In relevant part, Section
57(a) makes it unlawful for any person related to a BDC in a manner described in Section 57(b), acting as principal,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">(1) knowingly
to sell any security or other property to such business development company or to any company controlled by such business development
company, unless such sale involves solely (A) securities of which the buyer is the issuer, or (B) securities of which the seller
is the issuer and which are part of a general offering to the holders of a class of its securities; [and]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">(2) knowingly to purchase
from such business development company or from any company controlled by such business development company, any security or
other property (except securities of which the seller is the&nbsp;issuer)&nbsp;.&nbsp;.&nbsp;.&nbsp;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 57(b), in turn, provides, in pertinent
part, that Section 57(a) applies to, among other persons, any person directly or indirectly controlled by or under common control
with a BDC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Section 2(a)(3)(C)
defines an &ldquo;affiliated person&rdquo; of another person to include any person directly or indirectly controlling, controlled
by, or under common control with, such other person. Section 2(a)(3)(E) defines an &ldquo;affiliated person&rdquo; of another
person, if such other person is an investment company, to include any investment adviser thereof or any member of an advisory
board thereof. Section 2(a)(9) defines &ldquo;control&rdquo; as the power to exercise a controlling influence
over the management or policies of a company, unless such power is solely the result of an official position with such company.
The statute then sets forth the interpretation that: any person who owns beneficially, either directly or through one or more
companies, more than 25% of the voting securities of the company will be presumed to control such company; any person who does
not so own more than 25% of the voting securities of the company, will be presumed not to control such company; and a natural
person will be presumed not to be a controlled person. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 144; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->136<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;57(a)(4)
generally prohibits a 57(b) person from effecting a transaction in which the BDC is a joint participant absent receipt of an order.
Rule&nbsp;17d-1,&nbsp;made applicable to transactions subject to Section 57(a)(4) by Section&nbsp;57(i) to the extent the SEC has
not adopted a rule under Section&nbsp;57(a)(4), generally proscribes participation in a &ldquo;joint enterprise or other joint
arrangement or profit-sharing plan.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">b.</FONT></TD><TD STYLE="text-align: justify"><U><A NAME="a_030"></A>Need for Relief</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Each of MCC Advisors,
investment adviser to MCC and future investment adviser to the Combined Company or the Sierra/MDLY Company, as applicable, and
SIC Advisors, current investment adviser to Sierra, is wholly owned by Medley LLC. MDLY&rsquo;s sole material asset is a controlling
equity interest in Medley LLC. MDLY operates and controls all of the business and affairs and consolidates the financial results
of Medley LLC and its subsidiaries. Additionally, Sierra and MCC, by virtue of their advisory relationships with SIC Advisors
and MCC Advisors, respectively, could be deemed to be affiliates of the Advisers, and MCC, Sierra and Medley LLC could be deemed
to be &ldquo;under common control&rdquo; as set forth in Section 57(b), due to each of their affiliations with MDLY. As such,
the transactions contemplated by the Proposed Business Combination or the MDLY Merger, as applicable, could be deemed to violate
paragraphs (1), (2) and (4) of Section 57(a). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">c.</FONT></TD><TD STYLE="text-align: justify"><U><A NAME="a_031"></A>Requested Exemptions</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Accordingly, the
Applicants respectively request an Order of the SEC pursuant to Section 57(c) of the 1940 Act exempting, from the provisions of
Sections 57(a)(1) and (2), the respective transactions involved in the Mergers, to the extent necessary to facilitate the transfer
of assets and other transactions incident to the consummation of the Proposed Business Combination or the MDLY Merger, as applicable.
The Applicants are also seeking relief pursuant to Section 57(i) and Rule 17d-1 from the provisions of Section 57(a)(4) to the
extent necessary to permit consummation of the Mergers, notwithstanding the joint transaction prohibitions of Section 57(a)(4).
In addition, the Applicants are seeking relief pursuant to Section 57(i) and Rule 17d-1 from the provisions of Section 57(a)(4)
to the extent necessary to permit the payment of certain termination fees pursuant to the terms of the Amended MCC Merger Agreement
and/or the Amended MDLY Merger Agreement, as applicable, notwithstanding the joint transaction prohibitions of Section 57(a)(4). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">d.</FONT></TD><TD><U><A NAME="a_032"></A>Precedents</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The SEC has previously
granted relief to permit the transfer of assets to or from a BDC to effect a merger or consolidation of two or more entities to
effect an internalization of a previously external investment management function. For example, in <U>Allied Capital Corp.</U>,<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>3</SUP></FONT>
relief was granted exempting the applicants from, among other provisions, Section 57(a) to permit the consolidation of multiple
BDCs and their external investment adviser. After the consolidation transaction (the &ldquo;<B><I>Allied Consolidation</I></B>&rdquo;),
Allied I and Allied II, each of which had elected to be regulated as a BDC under the 1940 Act, Allied Commercial, a real estate
investment trust (&ldquo;<B><I>REIT</I></B>&rdquo;), and Allied Capital Advisers, Inc., the investment adviser to those entities,
merged into Allied Capital Lending Corporation (after the consolidation transaction, &ldquo;<B><I>ACC</I></B>&rdquo;), with ACC
operating as an internally managed BDC with two wholly owned BDC subsidiaries going forward.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>3
</SUP></FONT>Allied Capital Corp., et al. (File No. 812-10870), Investment Company Act Release No. 22902 (Dec. 1, 1997) (notice),
Investment Company Act Release No. 22941 (Dec. 16, 1997) (order)<I>.</I></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 145; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->137<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In the Allied Consolidation,
multiple publicly held BDCs combined with a publicly held registered investment adviser. The only material difference in the structure
of the Allied Consolidation from the structure of the Proposed Business Combination or the MDLY Merger, as applicable, is that
post-Proposed Business Combination or the post-MDLY Merger, as applicable, the Combined Company or the Sierra/MDLY Company, as
applicable, will indirectly own registered investment advisers. There are safeguards contemplated by the Proposed Business Combination
or the MDLY Merger, as applicable, similar to the Allied Consolidation, to ensure fairness to all of the Consolidating Entities.
Similar to the Allied Consolidation, <FONT STYLE="font-family: Times New Roman, Times, Serif">the terms of the Amended MCC Merger
Agreement and the Amended MDLY Merger Agreement were directly negotiated by and among the </FONT>independent directors, who were
assisted by independent financial advisors and independent counsel, a fair result would be achieved for stockholders of the Consolidating
Entities, as applicable. With respect to the Amended MCC Merger Agreement and the Amended MDLY Merger Agreement, Management&rsquo;s
role was limited to (i) initial discussions with the Sierra Special Committee regarding the aggregate merger consideration payable
to MDLY Stockholders in the Amended MDLY Merger, and (ii) negotiations with the MDLY Special Committee regarding the allocation
of the merger consideration in the Amended MDLY Merger as between the unaffiliated MDLY Stockholders and the Medley LLC Unitholders.
In addition, with respect to Management&rsquo;s employment agreements with Sierra as the surviving entity in the MDLY Merger,
any revisions to such previously negotiated agreements were negotiated by Management and the Sierra Special Committee. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In addition, in
<U>Tyler Cabot Mortgage Securities Fund. Inc.</U>,<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>4</SUP></FONT>
the SEC granted relief from Section 17(a) to permit a diversified closed-end management investment company (&ldquo;<B><I>Tyler
Cabot</I></B>&rdquo;) to merge into a REIT (&ldquo;<B><I>Capstead</I></B>&rdquo;). Tyler Cabot and Capstead were Maryland corporations
with publicly-traded stock. Relief was required because each was advised by an investment adviser that was a wholly owned subsidiary
of a common parent. Although this transaction did not involve a BDC, and did not request relief in connection with an internalization
transaction, it is similar to the Proposed Business Combination or the MDLY Merger, as applicable, as it involved the merger of
one closed-end investment entity into another that were both under common control. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">e.</FONT></TD><TD><U><A NAME="a_033"></A>Legal Arguments</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> If both of the
Mergers are consummated, the Combined Company&rsquo;s asset under management <FONT STYLE="font-family: Times New Roman, Times, Serif">will
increase; this increase is expected to be accretive to the Combined </FONT>Company&rsquo;s NII and ROE, and is expected to achieve
operational efficiencies and synergies. If the MDLY Merger is consummated and the MCC Merger is not consummated, the MDLY Merger&nbsp;is
expected to be accretive to the Sierra/MDLY Company&rsquo;s NII and ROE, and is expected to achieve operational efficiencies and
synergies. In addition, the MDLY Merger will provide liquidity for Sierra Stockholders and the market for the shares of the Sierra
Common Stock is expected to potentially be superior to what would be expected if Sierra merely listed its shares, and also superior
to the current market for MDLY Class A Common Stock. The Proposed Business Combination or the MDLY Merger, as applicable, should
also enable the Combined Company or the Sierra/MDLY Company, as applicable, to improve employee recruitment efforts and employee
retention. The Proposed Business Combination or the MDLY Merger, as applicable, also would eliminate any perceived conflict between
the external adviser and the managed fund. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">i.</FONT></TD><TD STYLE="text-align: justify"><U>Relief Pursuant to Section 57(c)</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 57(c) of the 1940 Act directs the
SEC to exempt a transaction from one or more provisions of Sections 57(a)(1) and (2) if all three of the following standards are
met:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the terms of the proposed transaction are reasonable and fair and do not involve overreaching of the BDC or its stockholders
on the part of any person concerned;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>4
</SUP></FONT>Tyler Cabot Mortgage Securities Fund. Inc. (File No. 812-7984), Investment Company Act Release No. 19072 (Nov. 2,
1992) (notice), Investment Company Act Release No. 19134 (Dec. 1, 1992) (order).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 146; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->138<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in; text-align: justify"></TD><TD STYLE="width: 0.5in; text-align: justify">(ii)</TD><TD STYLE="text-align: justify">the proposed transaction is consistent with the policy of the BDC as recited in its filings with the SEC under the 1933 Act
and the 1934 Act, and in its reports to stockholders; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in; text-align: justify"></TD><TD STYLE="width: 0.5in; text-align: justify">(iii)</TD><TD STYLE="text-align: justify">the proposed transaction is consistent with the general purposes of the 1940 Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -0.5in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.5in"><B>(A)</B></TD><TD><B><U>Reasonable and Fair without Overreaching</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Proposed Business
Combination or the MDLY Merger, as applicable, whereby shares of each of MCC and MDLY or shares of MDLY, as applicable, will be
converted into the right to receive shares of Sierra, would benefit stockholders in a number of ways. As noted above, if both
of the Mergers are consummated, the Combined Company&rsquo;s assets under management <FONT STYLE="font-family: Times New Roman, Times, Serif">will
increase; this increase is expected to be accretive to the Combined </FONT>Company&rsquo;s NII and ROE, and is expected to achieve
operational efficiencies and synergies. If the MDLY Merger is consummated and the MCC Merger is not consummated, the MDLY Merger&nbsp;is
expected to be accretive to the Sierra/MDLY Company&rsquo;s NII and ROE, is expected to achieve operational efficiencies and synergies,
and provide liquidity for Sierra Stockholders and the market for the shares of the Sierra Common Stock is expected to potentially
be superior to what would be expected if Sierra merely listed its shares, and also superior to the current market of MDLY Class
A Common Stock. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Proposed Business
Combination or the MDLY Merger, as applicable, should also enable the Combined Company or the Sierra/MDLY Company, as applicable,
to improve employee recruitment efforts and employee retention. The highly specialized nature of Sierra&rsquo;s business, the
competitiveness of the markets in which Sierra operates, and the skills and the importance of its employees and directors make
retention even more critical. Historically, Sierra has not issued any equity-based compensation. In connection with Sierra internalizing
its investment management function, the Combined Company or the Sierra/MDLY Company, as applicable, will offer equity-based compensation
to its employees and directors. Sierra believes that its ability to offer equity-based compensation to its employees and directors
both aligns employee and director interests with stockholder interests and provides a valuable retention tool. The Proposed Business
Combination or the MDLY Merger, as applicable, also would eliminate any perceived conflict between the external adviser and the
managed fund, as Merger Sub would be wholly owned by the Combined Company or the Sierra/MDLY Company, as applicable, and the Combined
Company or the Sierra/MDLY Company, as applicable, and Merger Sub are directly or indirectly overseen by the Combined Company
Board or the Sierra/MDLY Company Board, as applicable,. For greater detail concerning the benefits of the Proposed Business Combination
or the MDLY Merger, as applicable, for stockholders, see the discussion under &ldquo;The Proposed Business Combination &ndash;
Reasons of the Proposed Business Combination.&rdquo; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The involvement
of the boards of the Consolidating Entities, including each of the MCC, MDLY and Sierra Special Committees, and the fact that
each Special Committee was assisted by its own independent counsel in connection with the Proposed Business Combination, directly
negotiated the terms of the Amended MCC Merger Agreement and the Amended MDLY Merger Agreement, and received a fairness opinion
from its own independent financial advisor indicate that reasonable steps have been taken to ensure that no overreaching on the
part of any person occurs in connection with the Proposed Business Combination or the MDLY Merger, as applicable. The financial,
strategic and other factors considered by each of the Sierra Special Committee, the MCC Special Committee, and the MDLY Special
Committee, as described in the section entitled &ldquo;Reasons for the Mergers&rdquo;, led each of the Sierra Special Committee,
the MCC Special Committee, and the MDLY Special Committee to conclude that, as applicable, the Amended MCC Merger Agreement, including
the transactions contemplated thereby, and the Amended MDLY Merger Agreement, including the transactions contemplated thereby,
including the consideration to be paid, in the case of Sierra, and the consideration to be received, in the case of MCC and MDLY,
are reasonable and fair to the unaffiliated stockholders of their respective companies. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Proposed Business
Combination or the MDLY Merger, as applicable, would also be consistent with the stated investment policies of each of the Consolidating
Entities, as the Combined Company or the Sierra/MDLY Company, as applicable, will continue to pursue the same line of business
of MDLY, as well as the line of business represented by the current operations of MCC and Sierra. Following the Proposed Business
Combination or the MDLY Merger, as applicable, the Combined Company or the Sierra/MDLY Company, as applicable, will maintain Sierra&rsquo;s
current investment objective, which is to generate current income, and to a lesser extent, long-term capital appreciation by primarily
lending to and investing in the debt of privately-owned U.S. middle-market companies. MCC has a similar investment objective and
strategies as Sierra. The Combined Company or the Sierra/MDLY Company, as applicable, also will continue to pursue the same principal
investment strategies as Sierra, which focuses primarily on sourcing investments in private U.S. companies as it seeks to construct
a portfolio that generates what it believes to be superior risk adjusted returns, and is centered around three principles including
(i) disciplined due diligence of each company&rsquo;s credit fundamentals; (ii) a detailed and customized structuring process
for directly originated investments and (iii) regular and ongoing monitoring of the portfolio and proactive risk management. Ownership
of an advisory business is consistent with these investment strategies as it is aligned with the Combined Company&rsquo;s or the
Sierra/MDLY Company&rsquo;s, as applicable, investment objective to generate current income and,&nbsp;as a wholly owned subsidiary
of the Combined Company or the Sierra/MDLY Company, as applicable, the Combined Company or the Sierra/MDLY Company, as applicable,
is expected to receive dividend income from the advisory businesses, which will inure to the benefit of the Combined Company Stockholders
or the Sierra/MDLY Company Stockholders, as applicable, in the form of distributions paid by the Combined Company or the Sierra/MDLY
Company, as applicable. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 147; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->139<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>(B)</B></TD><TD STYLE="text-align: justify"><B><U>Consistent with the Policies of the BDC</U></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Amended Sierra
Joint Proxy Statement/Prospectus describes the investment objective and/or strategies of each of the Consolidating Entities and
how, if at all, the Proposed Business Combination or the MDLY Merger, as applicable, would affect them, as well as other information
pertinent to the Proposed Business Combination or the MDLY Merger, as applicable. The Proposed Business Combination or the MDLY
Merger, as applicable, if and when effected, would be consistent with public disclosures of each of the Consolidating Entities.
In this regard, the investment policy and strategies of the Combined Company or the Sierra/MDLY Company, as applicable, would
be consistent with the respective investment strategies of Sierra and MCC, as applicable. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>(C)</B></TD><TD STYLE="text-align: justify"><B><U>Consistent with the Purposes of the 1940 Act</U></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Proposed Business
Combination or the MDLY Merger, as applicable, would be consistent with the general purposes of the 1940 Act because none of the
conditions enumerated in Section 1(b) thereof are involved. Section l(b)(2) declares it against the public interest when investment
companies are: &ldquo;organized, operated, managed or their portfolio securities are selected&rdquo; in the interest of, among
other things, the investment company&rsquo;s officers, directors, investment adviser, or affiliated persons thereof. As explained
above, the Proposed Business Combination or the MDLY Merger, as applicable, is being proposed to benefit the current as well as
future stockholders of the Consolidating Entities, and no entity or individual beyond those entities stands to gain from the Proposed
Business Combination or the MDLY Merger, as applicable (other than to the extent that certain individuals will have employment
agreements with the Combined Company or the Sierra/MDLY Company, as applicable), at the expense of such stockholders.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>5
</SUP></FONT>Indeed, Merger Sub, as the investment adviser to the Combined Company or the Sierra/MDLY Company, as applicable,
the entity with respect to which the greatest possibility of overreaching exists, would participate in the Proposed Business Combination
or the MDLY Merger, as applicable, on the same basis as the other Consolidating Entities. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Proposed Business
Combination or the MDLY Merger, as applicable, also comports with the policies underlying Rule 17a-8 under the 1940 Act, which,
as noted above, exempts &ldquo;a merger, consolidation or other purchase or sale of substantially all of the assets involving
registered investment companies which may be affiliates ... solely by reason of having a common investment adviser, common directors,
and/or officers. . . .&rdquo; As the SEC noted in the release proposing Rule 17a-8: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">When a merger involves investment
companies which are affiliated persons exclusively by virtue of having a common investment adviser, directors and/or officers,
<U>no person who is responsible for evaluating and approving the terms of the transaction on behalf of the various participating
investment companies would have a significant personal financial interest in improperly influencing these terms</U>. . . .Nonetheless,
the Commission ... believes that any exemptive rulemaking pertaining to such transactions should be conditioned upon the board
of directors, including a majority of specified disinterested directors, of each participating investment company making certain
determinations to ensure that the interests of the investment companies and their stockholders regarding such a transaction are
not compromised.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>6</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.9pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Combined Company&rsquo;s
or the Sierra/MDLY Company&rsquo;s, as applicable, ownership of registered investment advisers would be consistent with the general
purposes of the 1940 Act. The Combined Company Stockholders or the Sierra/MDLY Company Stockholders, as applicable, would be expected
to receive dividend income from the various registered investment advisers, which will inure to the benefit of the Combined Company
Stockholders or the Sierra/MDLY Company Stockholders, as applicable, in the form of distributions paid by the Combined Company
or the Sierra/MDLY Company Stockholders, as applicable. In addition, the completion of the Mergers or only the MDLY Merger, as
applicable, will result in the internalization of management of the Combined Company or the Sierra/MDLY Company, as applicable,
providing for greater control by the Combined Company Board or the Sierra/MDLY Company Board, as applicable, over the provision
of investment management services to the Combined Company or the Sierra/MDLY Company, as applicable, and closer alignment of interests
of Management and the Combined Company Stockholders or the Sierra/MDLY Company Stockholders, as applicable. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As noted above, each
of the boards and Special Committees of the Consolidating Entities, including the Independent Directors, have approved the transaction
as being in the best interest of their respective Consolidating Entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>5
</SUP></FONT>As described in further detail above under &ldquo;&mdash;The Amended MDLY Merger Agreement&mdash;Consideration,&rdquo;
in the MDLY Merger, all holders of shares MDLY Class A Common Stock (other than Excluded MDLY Shares and any Dissenting Shares)
<FONT STYLE="background-color: white">held, immediately prior to the MDLY Merger Effective Time, by a person other than a Medley
LLC Unitholder </FONT>will be converted into the right to receive (i) 0.2668 shares of Sierra Common Stock, provided that cash
will be paid in lieu of fractional shares of Sierra Common Stock; plus (ii) cash in an amount equal to $2.96 per share. <FONT STYLE="background-color: white">In
addition, in the MDLY Merger, each share of MDLY Class A Common Stock issued and outstanding immediately prior to the MDLY Merger
Effective Time (other than the Excluded MDLY Shares and any Dissenting Shares) held, immediately prior to the MDLY Merger Effective
Time, by a Medley LLC Unitholder will be converted into the right to receive (i) 0.2072&nbsp;shares of Sierra Common Stock; provided
that cash will be paid in lieu of fractional shares of Sierra Common Stock; plus (ii) cash in an amount equal to $2.66 per share.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP>6</SUP> (Emphasis added). <I>See</I>
Investment Company Act Release No. 10886 (Oct. 3, 1979).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 148; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->140<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Applicants
also submit that payment of certain termination fees is consistent with the purposes of the 1940 Act. In that regard, during
the Go-Shop Period, the MCC Board has the right to make a MCC Adverse Recommendation Change without payment of a termination
fee. After the end of the Go-Shop period, in the event the Amended MCC Merger Agreement is terminated, in accordance with its
terms, in certain circumstances (specifically, the failure of the MCC Board to include in the MCC Proxy Statement its
recommendation that MCC Stockholders vote in favor of the adoption of the Amended MCC Merger Agreement, a change of the MCC
Board&rsquo;s recommendation and/or the MCC Board&rsquo;s determination to enter into an agreement with respect to a superior
proposal), MCC must pay Sierra a termination fee. Conversely, in the event the Amended MCC Merger Agreement is terminated as
a result of the Sierra Board taking the relevant actions described above, Sierra must pay the termination fee to MCC (subject to certain exceptions for superior proposals from Excluded Parties). The
amount of the termination fee, and the circumstances in which it may be payable, were negotiated by the respective special
committees taking into account market precedent. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Amended MDLY
Merger Agreement includes similar provisions with respect to the potential payment of a termination fee by MDLY or Sierra, as
applicable, with certain differences regarding when a MDLY Adverse Recommendation Change may be made and the circumstances in
which the termination fee would be payable. As with the Amended MCC Merger Agreement, the amount of the termination fee, and the
circumstances in which it may be payable under the Amended MDLY Merger Agreement, were negotiated by the respective special committees
taking into account market precedent. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The
Applicants submit that the terms of the Amended MCC Merger Agreement providing for a possible payment of a termination fee by
MCC or Sierra and in the Amended MDLY Merger Agreement for a possible payment of a termination fee by MDLY or Sierra are
consistent with the purposes of the 1940 Act because, in the case of the Amended MCC Merger Agreement, the amount of the
termination fee, and the circumstances in which it may be paid, by MCC to Sierra, and by Sierra to MCC, are identical after
the end of the Go-Shop Period (subject to certain exceptions for superior proposals from Excluded Parties). Similarly, in the case of Amended MDLY Merger Agreement, the amount of the termination fee,
and the circumstances in which it may be paid, by MDLY to Sierra, and by Sierra to MDLY, are identical. Moreover, in the case
of each of the Amended MCC Merger Agreement and the Amended MDLY Merger Agreement, the amount of the termination fee, and the
circumstances in which it may be payable under the Amended MCC Merger Agreement and the Amended MDLY Merger Agreement, as
applicable, were negotiated by the respective special committees taking into account market precedent. Accordingly, the
participation of MCC and Sierra is not on a basis different from or less advantageous than that of other
participants. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Applicants
also submit that payment of certain termination fees is consistent with the purposes of the 1940 Act. In that regard, in the event
the Amended MCC Merger Agreement is terminated, in accordance with its terms, in certain circumstances (specifically, the failure
of the MCC Board to include in the MCC Proxy Statement its recommendation that MCC Stockholders vote in favor of the adoption
of the Amended MCC Merger Agreement, a change of the MCC Board&rsquo;s recommendation and/or the MCC Board&rsquo;s determination
to enter into an agreement with respect to a superior proposal), MCC must pay Sierra a termination fee. Conversely, in the event
the Amended MCC Merger Agreement is terminated as a result of the Sierra Board taking the relevant actions described above, Sierra
must pay the termination fee to MCC. The amount of the termination fee, and the circumstances in which it may be payable, were
negotiated by the respective special committees taking into account market precedent. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Amended MDLY
Merger Agreement includes similar provisions with respect to the potential payment of a termination fee by MDLY or Sierra, as
applicable, with certain differences regarding when an adverse recommendation change may be made and the circumstances in which
the termination fee would be payable. As with the Amended MCC Merger Agreement, the amount of the termination fee, and the circumstances
in which it may be payable under the Amended MDLY Merger Agreement, were negotiated by the respective special committees taking
into account market precedent. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 149; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->141<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Applicants
submit that the terms of the Amended MCC Merger Agreement providing for a possible payment of a termination fee by MCC or Sierra
and in the Amended MDLY Merger Agreement for a possible payment of a termination fee by MDLY or Sierra are consistent with the
purposes of the 1940 Act because, in the case of the Amended MCC Merger Agreement, the amount of the termination fee, and the
circumstances in which it may be paid, by MCC to Sierra, and by Sierra to MCC, are identical. Similarly, in the case of Amended
MDLY Merger Agreement, the amount of the termination fee, and the circumstances in which it may be paid, by MDLY to Sierra, and
by Sierra to MDLY, are identical. Moreover, in the case of each of the Amended MCC Merger Agreement and the Amended MDLY Merger
Agreement, the amount of the termination fee, and the circumstances in which it may be payable under the Amended MCC Merger Agreement
and the Amended MDLY Merger Agreement, as applicable, were negotiated by the respective special committees taking into account
market precedent. Accordingly, the participation of MCC and Sierra is not on a basis different from or less advantageous than
that of other participants. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">ii.</FONT></TD><TD STYLE="text-align: justify"><U>Relief Pursuant to Rule 17d-1(b)</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Section 57(a)(4)
generally prohibits a 57(b) person from effecting a transaction in which the BDC is a joint participant absent receipt of an order.
Rule 17d-1, which generally proscribes participation in a &ldquo;joint enterprise or other joint arrangement or profit-sharing
plan,&rdquo; was promulgated by the SEC pursuant to Section 17(d) and made applicable to persons subject to Sections 57(b) by
Section 57(i), to the extent specified therein. Section 57(i) provides that, until the SEC prescribes rules under Sections 57(a)
and (d), the SEC&rsquo;s rules under Section 17(d) applicable to registered closed-end investment companies will be deemed to
apply to persons subject to the prohibitions of Section 57(a) or (d). Because the SEC has not adopted any rules under Section
57(a) or (d), Rule 17d-1 applies to persons subject to the prohibitions of Section 57(a) or (d). In accordance with Rule 17d-1
(made applicable to transactions subject to Section 57(a) or (d) by Section 57(i)), the SEC may grant the requested relief as
to any particular joint transaction if it finds that the participation of the registered or controlled company in the joint transaction
is consistent with the provisions, policies and purposes of the 1940 Act and is not on a basis different from or less advantageous
than that of other participants. The Proposed Business Combination or the MDLY Merger, as applicable, which encompasses separate,
yet related transactions, could be deemed a joint agreement prohibited under Section 57(a)(4) and Rule 17d-1. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Proposed Business
Combination or the MDLY Merger, as applicable, would be consistent with the general purposes of the 1940 Act. Section l(b)(2)
of the 1940 Act declares it against the public interest when investment companies are: &ldquo;organized, operated, managed or
their portfolio securities are selected&rdquo; in the interest of, among other things, the investment company&rsquo;s officers,
directors, investment adviser, or affiliated persons thereof. The Proposed Business Combination or the MDLY Merger, as applicable,
is expected to benefit the current as well as future Combined Company Stockholders or the Sierra/MDLY Company Stockholders, as
applicable, and no entity or individual beyond the Consolidating Entities and their respective stockholders stands to gain from
the Proposed Business Combination or the MDLY Merger, as applicable (other than to the extent that certain individuals will have
employment agreements with the Combined Company or the Sierra/MDLY Company, as applicable), at the expense of the Combined Company
Stockholders or the Sierra/MDLY Company Stockholders, as applicable. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> <FONT STYLE="background-color: white">The
participation of MCC, Sierra and MDLY in the Proposed Business Combination would not be on a basis different or less advantageous
than that of other participants. In addition, if the MDLY Merger is consummated and the MCC Merger is not consummated, the participation
of Sierra and MDLY in the MDLY Merger would not be on a basis different or less advantageous than that of other participants.
</FONT>Similar to the negotiation of the MCC Merger Agreement and the MDLY Merger Agreement, the negotiation of the Amended MCC
Merger Agreement and the Amended MDLY Merger Agreement among three affiliated, yet separate and distinct public entities, as well
as the Medley LLC Unitholders (each of whom is a member of Management) presented actual and potential conflicts of interests.
In order to further mitigate any such actual or potential conflicts of interests, the terms of the Amended MCC Merger Agreement,
including the termination fees payable thereunder, were negotiated by and among the Sierra Special Committee, and their independent
advisors, on the one hand, and the MCC Special Committee, and their independent advisors, on the other hand. In addition, the
terms of the Amended MDLY Merger Agreement, including the termination fees payable thereunder, were negotiated by and among the
Sierra Special Committee, and their independent advisors, on the one hand, and the MDLY Special Committee, and their independent
advisors, on the other hand. Moreover, going forward, the participants in the Proposed Business Combination will be part of, or
conducting their operations as though they comprise, one company, which will have the potential to enhance the interests of the
Combined Company Stockholders while retaining the protections of the 1940 Act. Alternatively, going forward, if the MDLY Merger
is consummated and the MCC Merger is not consummated, the participants in the MDLY Merger will be part of, or conducting their
operations as though they comprise, one company, which will have the potential to enhance the interests of the Sierra/MDLY Company
Stockholders while retaining the protections of the 1940 Act. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 150; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->142<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD STYLE="text-align: justify"><U><A NAME="a_034"></A>Section 12(d)(3)</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> As noted above,
as a result of the Proposed Business Combination or the MDLY Merger, as applicable, the principal difference from the post-transaction
structure of the Allied Consolidation is that post-Proposed Business Combination or the MDLY Merger, as applicable, the Combined
Company or the Sierra/MDLY Company, as applicable, will own Merger Sub, which, as the successor to MDLY, will be a holding company
for the Advisers. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">a.</FONT></TD><TD STYLE="text-align: justify"><U><A NAME="a_036"></A>Applicable Law</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 12(d)(3), made
applicable to BDCs by Section 60, generally prohibits BDCs from acquiring any security issued by any person who is a broker, dealer,
or a registered investment adviser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Rule 12d3-1 provides
two exemptions from Section 12(d)(3)&rsquo;s prohibitions. First, paragraph (a) of Rule 12d3-1 permits an investment company to
purchase the securities of an issuer (except the securities of its own investment adviser, promoter or principal underwriter or
their affiliates), provided that the issuer&rsquo;s revenues from &ldquo;securities related activities&rdquo; in its most recent
fiscal year do not exceed 15% of the issuer&rsquo;s gross revenues. In addition, paragraph (b) of Rule 12d3-1 establishes a separate
exemption to permit an investment company to acquire any security of an issuer that derives more than 15% of its gross revenues
from securities related activities, provided that, among other things, immediately after the acquisition of an equity or debt
security of the issuer: (i) the investment company has not invested more than 5% of the value of its total assets in securities
of that issuer and (ii) the investment company owns not more than 5% of the outstanding securities of that class of the issuer&rsquo;s
securities or 10% of the outstanding principal amount of the issuer&rsquo;s debt securities, as applicable. Subparagraph (c)(3)
of Rule 12d3-1 provides that the exemption does not exempt the acquisition by an investment company of a security issued by its
investment adviser, with certain exceptions not relevant here. Subparagraph (d)(1) of Rule 12d3-1 defines &ldquo;securities related
activities&rdquo; to mean a person&rsquo;s activities as a broker, dealer, underwriter or registered investment adviser or investment
adviser to a registered investment company. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">b.</FONT></TD><TD><U><A NAME="a_037"></A>Need for Relief</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Proposed Business
Combination or the MDLY Merger, as applicable, could be deemed to violate Section 12(d)(3) because it would result in the Combined
Company or the Sierra/MDLY Company, as applicable, acquiring indirect 100% ownership interests in the Advisers, each of which
will be an issuer that derives more than 15% of its gross revenues from &ldquo;securities related activities,&rdquo; in excess
of the quantitative limitations set forth in Rule 12d3-1(b). The Proposed Business Combination or the MDLY Merger, as applicable,
could be deemed to violate Rule 12d3-1(c)(3) because it would result in the Combined Company or the Sierra/MDLY Company, as applicable,
acquiring securities issued by an affiliate of its investment adviser. The Advisers are not expected to be broker-dealers that
are primarily engaged in the business of underwriting and distributing securities issued by other persons. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 151; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->143<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">c.</FONT></TD><TD><U><A NAME="a_038"></A>Requested Exemptions</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Applicants
hereby apply for an order pursuant to Section&nbsp;6(c)&nbsp;of the 1940 Act exempting the Combined Company or the Sierra/MDLY
Company, as applicable, from the provisions of Section&nbsp;12(d)(3)&nbsp;of the 1940 Act to the extent necessary to permit the
Combined Company or the Sierra/MDLY Company, as applicable, to acquire a 100% ownership interest in Merger Sub, a holding company
for the Advisers. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">d.</FONT></TD><TD><U><A NAME="a_039"></A>Legal Arguments</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The SEC has stated
that &ldquo;[w]hile the reasons for Congress prohibiting investment company investments in securities related businesses are not
addressed in much detail in the 1940 Act&rsquo;s legislative history, it appears that Congress had two purposes. First, Congress
wished to limit, at least to some extent, the exposure of registered investment companies to entrepreneurial risks peculiar to
securities related businesses.&rdquo; <FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>7</SUP></FONT> The SEC further
stated that &ldquo;[a] second purpose of the provision appears to have been to prevent potential conflicts of interest and reciprocal
practices.&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>8</SUP></FONT> Section 12(d)(3) is one of several
provisions of the 1940 Act designed to limit, and in some instances eliminate, interrelationships between investment companies
and brokers, dealers, underwriters and investment advisers.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>9</SUP></FONT>
However, as the SEC acknowledged in the proposing release to Rule 12d3-1, the &ldquo;evidence indicates that today [Section 12(d)(3)]
often prevents investment companies from making investments that may be in the best interests of their shareholders.&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>10</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">i.</FONT></TD><TD><U>Avoiding the Entrepreneurial Risks of Securities Related Businesses</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Applicants do
not believe that the Combined Company&rsquo;s or the Sierra/MDLY Company&rsquo;s, as applicable, ownership of registered investment
advisers raise the same type of entrepreneurial risks that may have concerned Congress in enacting Section 12(d)(3). The SEC has
stated in regard to the entrepreneurial risks that, &ldquo;aside from general partnership interests, investments in securities
related businesses need not be subject to any special standards not applicable to investments in other businesses, except to address
the potential for conflicts of interest and reciprocal practices.&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>11</SUP></FONT>&nbsp;The
SEC has noted that since 1940 the ownership structure of most securities related issuers has changed from a partnership to a corporate
form, resulting in the limited liability status of these entities.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>12</SUP></FONT><SUP>&nbsp;</SUP>The
SEC has further stated that &ldquo;[a]side from general partnership interests, investments in securities issued by securities
related businesses need not be subject to any special standards not applicable to investments in other businesses, except to address
the potential for conflicts of interests and reciprocal practices.&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>13</SUP></FONT>&nbsp;To
mitigate any lingering concern about the entrepreneurial risk that investing in partnerships presents, the Combined Company or
the Sierra/MDLY Company, as applicable, will only hold ownership interests in investment advisers organized as corporations or
other limited liability entities. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>7</SUP></FONT>
Investment Company Act Release No. 13725 (Jan. 17, 1984).&nbsp;<I>See also</I>&nbsp;Stadulis and Levin,&nbsp;<I>SEC Regulation
of Investment Company Investments in Securities Related Business under the Investment Company Act of 1940</I>, 2 Villanova J. Law
&amp; Investment Management 9 (Spring 2000) for the statement that &ldquo;[t]he legislative history of the Investment Company Act
is virtually silent concerning the intended scope and purpose of section 12(d)(3).&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>8</SUP></FONT>
Continuing, &ldquo;[t]he provisions of the section generally are intended to prevent &hellip; cross-control situations which might
result in investment companies being organized, operated, managed, or their portfolio securities selected in the interests of brokers,
dealers, underwriters, and investment advisers, whether or not these entities are affiliated persons of the companies.&rdquo;&nbsp;<I>Id</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>9</SUP></FONT>
<I>See&nbsp;</I>Investment Company Act Release No. 13725 (Jan. 17, 1984).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>10</SUP></FONT>
<I>Id</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>11</SUP></FONT>
Continuing, &ldquo;[i]n 1940, securities related businesses, for the most part, were organized as privately held general partnerships.
By investing in such businesses, investment companies exposed themselves to potential losses which were not present in other types
of investments; if the business failed, the investment company as a general partner was held accountable for the partnership&rsquo;s
liabilities.&rdquo; Investment Company Act Release No. 19716 (Sept. 16, 1993).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>12</SUP></FONT>
<I>Id.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>13</SUP></FONT>
<I>Id</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 152; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->144<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Congress&rsquo;
concerns regarding investor exposure to entrepreneurial risk will also be mitigated by disclosure to investors in the Combined
Company&rsquo;s or the Sierra/MDLY Company&rsquo;s, as applicable, ongoing public filings with the SEC, as such disclosure will
describe the fact that the Combined Company&rsquo;s or the Sierra/MDLY Company&rsquo;s, as applicable, business includes owning
registered investment advisers and will include disclosure of any material risks to investors that result from the ownership of
the Advisers. As a result, investors in the Combined Company or the Sierra/MDLY Company, as applicable, will be informed of the
risks, including entrepreneurial risk, of investing in the Combined Company or the Sierra/MDLY Company, as applicable. Therefore,
only persons or entities that explicitly intend and desire to have exposure to investments in investment advisers will purchase
shares, or if they are existing investors, choose not to sell their shares, in the Combined Company or the Sierra/MDLY Company,
as applicable. Thus, the Applicants believe that the Combined Company&rsquo;s or the Sierra/MDLY Company&rsquo;s, as applicable,
ownership of the Advisers is consistent with the best interests of the Combined Company Stockholders or the Sierra/MDLY Company
Stockholder, as applicable, in that such stockholders would be fully aware of the potential exposure to entrepreneurial risk. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">ii.</FONT></TD><TD><U>Avoiding Conflicts of Interest and Reciprocal Practices</U></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">Section&nbsp;12(d)(3)
was also intended to prevent potential conflicts of interest and reciprocal practices between investment companies and securities
related businesses which might result in investment companies being organized, operated, managed, or their portfolio securities
selected in the interests of investment advisers.&nbsp;As with the 1940 Act in general, Section&nbsp;12(d)(3) was an attempt by
the </FONT>SEC <FONT STYLE="font-family: Times New Roman, Times, Serif">to prevent situations in which brokers, securities dealers
and other financial intermediaries were in a position to dominate investment companies. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">For
example, the SEC <FONT STYLE="font-family: Times New Roman, Times, Serif">was concerned that investment company sponsors, such
as investment banks, were using affiliated investment companies as a receptacle for illiquid and distressed securities.<SUP>14</SUP>&nbsp;It
was also concerned that investment banks were using the investment companies to acquire securities that were subject to the investment
banks&rsquo; underwriting endeavors in an effort to increase the banks&rsquo; underwriting capacity.<SUP>15</SUP>&nbsp;Another problematic
practice that is sometimes discussed in conjunction with the concerns Section&nbsp;12(d)(3) was intended to address is what is
commonly referred to as &ldquo;propping.&rdquo; Propping occurred where a securities related business was in a position to exercise
control and influence over an investment company and took advantage of this position to advance its own pecuniary interests by
forcing the investment company to purchase or otherwise acquire the outstanding securities of the affiliated securities related
business, regardless of the value to the investment company, in an effort to &ldquo;prop&rdquo; up the value of the affiliate&rsquo;s
stock. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>14</SUP></FONT> <FONT STYLE="background-color: white">H.R.
Doc. No.&nbsp;707, part I, at 76-77, 75th&nbsp;Cong., 3d Sess. (1938).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>15</SUP></FONT>
<I>Id.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 153; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->145<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in"> Propping
and overreaching should not be a concern in the case of an adviser that is a downstream affiliate of a BDC. Generally, the greater
percentage of an investment adviser owned by a company, the less likely it is that a conflict would favor the manager to the detriment
of the company, because as the ownership interest increases, the ability of the company to align the investment manager&rsquo;s
interests with its own increases accordingly. <FONT STYLE="font-family: Times New Roman, Times, Serif">By maintaining a 100% ownership
interest in Merger Sub, the Combined Company or the Sierra/MDLY Company, as applicable, will be able to exercise full oversight
and protection of Merger Sub and ensure that its interests align with those of the Combined Company </FONT>Stockholders or the
Sierra/MDLY Company Stockholders, as applicable<FONT STYLE="font-family: Times New Roman, Times, Serif">. Additionally, the Combined
Company or the Sierra/MDLY Company, as applicable, will adopt policies and procedures with respect to Merger Sub and the Advisers
designed to (1) ensure that the Combined Company or the Sierra/MDLY Company, as applicable, and the Advisers are being operated
and managed in the best interests of the Combined Company Stockholders or the Sierra/MDLY Company Stockholders, as applicable,
and (2) to mitigate conflicts of interest between the Combined Company or the Sierra/MDLY Company, as applicable, the Advisers
and any of their clients and to ensure that no one client will be overreached in favor of another client. The advisory personnel
employed by any of the Advisers will not be involved in any advisory business activities outside of the Combined Company&rsquo;s
or the Sierra/MDLY Company&rsquo;s, as applicable, ownership and control.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
</FONT>SEC <FONT STYLE="font-family: Times New Roman, Times, Serif">has granted Section 12(d)(3) relief to similarly situated BDCs
in the past.</FONT> In 2012, the SEC issued an order to Ares Capital Corporation (&ldquo;<B><I>Ares</I></B>&rdquo;), to permit
it to own, directly or indirectly, 100% of the outstanding equity interest of, and continue its investment in, Ivy Hill Asset Management,
L.P. (&ldquo;<B><I>Ivy Hill</I></B>&rdquo;), even following such time when Ivy Hill was required to become a registered investment
adviser under the Advisers Act.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>16</SUP></FONT> Ares, an externally
managed, closed-end management investment company that elected to be regulated as a BDC, formed Ivy Hill in 2007, and at the time
of the exemptive application, indirectly wholly owned 100% of Ivy Hill&rsquo;s equity and voting interests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2012, the SEC issued
an order to Kohlberg Capital Corporation (&ldquo;<B><I>Kohlberg Capital</I></B>&rdquo;), an internally managed, closed-end management
investment company that elected to be regulated as a BDC, to permit it and its wholly-owned holding companies to continue to hold
a greater than 50% equity interest in Katonah Debt Advisors LLC, Trimaran Advisors LLC (collectively, the &ldquo;<B><I>KCAP Advisers</I></B>&rdquo;),
each of which is a direct or indirect wholly-owned portfolio company of Kohlberg Capital, when the KCAP Advisers were required
to register as investment advisers under the Advisers Act.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>17</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2012, the SEC issued
an order to American Capital Ltd. (&ldquo;<B><I>American Capital</I></B>&rdquo;), a BDC, and American Capital Asset Management
LLC (&ldquo;<B><I>AC LLC</I></B>&rdquo;), a limited liability company wholly owned by American Capital, granting an exemption from
the provisions of Section 12(d)(3) at such time when AC LLC and its subsidiaries were required to become registered investment
advisers under the Advisers Act.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>18</SUP></FONT> AC LLC and its
subsidiaries had previously been exempt from registration under the Advisers Act under the &ldquo;private adviser&rdquo; exemption.
In 2014, the SEC issued another order, amending the 2012 order and extending the relief granted therein to several additional directly
or indirectly wholly owned entities that intended to register or had registered as investment advisers under the Advisers Act.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>19</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Similar to these
precedents, the Combined Company <FONT STYLE="font-family: Times New Roman, Times, Serif">or the Sierra/MDLY Company, as applicable,
</FONT>will indirectly wholly own 100% of the equity and voting interests of the Advisers. Although the ownership will be held
through Merger Sub, the Applicants do not believe this distinction is material for purposes limiting entrepreneurial risk, as
the entities are all limited liability entities, or for avoiding conflicts of interest, as the Combined Company <FONT STYLE="font-family: Times New Roman, Times, Serif">or
the Sierra/MDLY Company, as applicable, </FONT>will still hold a majority interest and be able to align the interests of the Advisers
with the interests of the Combined Company Stockholders <FONT STYLE="font-family: Times New Roman, Times, Serif">or the Sierra/MDLY
Company, as applicable</FONT>. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>16</SUP></FONT>
<I>Ares Capital Corporation, et al.</I>, Investment Company Act Release No. 30024 (Mar. 20, 2012).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>17</SUP></FONT>
<I>Kohlberg Capital Corporation, et al.</I>, Investment Company Act Release No. 30011 (Mar. 27, 2012).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>18</SUP></FONT>
<I>American Capital Ltd., et al.</I>, Investment Company Act Release No. 30010 (Mar. 27, 2012).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>19</SUP></FONT>
<I>American Capital Ltd., et al.</I>, Investment Company Act Release No. 31191 (July 29, 2014).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 154; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->146<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> In 2013, the Staff
took a no-action position with respect to Main Street Capital Corp.&rsquo;s ownership of a registered investment adviser (the
&ldquo;<B><I>Main Street Letter</I></B>&rdquo;).<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>20</SUP></FONT>
The reasoning of the request for relief noted by the Staff in that letter is consistent with the arguments set forth above and
the proposed structure of the Combined Company <FONT STYLE="font-family: Times New Roman, Times, Serif">or the Sierra/MDLY Company,
as applicable</FONT>. Here, as in the Main Street Letter, the BDC would be the ultimate majority and sole controlling owner of
one (or in this case, more than one) registered investment adviser. Indeed, the present scenario is more advantageous to stockholders
than the Main Street circumstances. Merger Sub will already have substantial assets under management at the close of the Proposed
Business Combination or the MDLY Merger, as applicable, in the form of the existing advisory relationships it has with fund clients,
giving stockholders a clear picture of what the advisory business of Merger Sub would look like at the time they are being asked
to approve the Proposed Business Combination or the MDLY Merger, as applicable. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>iii.</B></TD><TD STYLE="text-align: justify"><B><U>Consistent
                                         with the Purposes of the 1940 Act</U></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> As described above,
the Applicants believe that none of the dangers underlying the limitations set forth in Section 12(d)(3) are implicated and that
the relief provided in the past supports the request for relief being sought here. Specifically, none of the concerns regarding
entrepreneurial risks and conflicts of interest are applicable in light of the fact that Merger Sub is not a general partnership
and will be wholly owned by the Combined Company <FONT STYLE="font-family: Times New Roman, Times, Serif">or the Sierra/MDLY Company,
as applicable</FONT>, which will ultimately inure to the benefit of the Combined Company Stockholders <FONT STYLE="font-family: Times New Roman, Times, Serif">or
the Sierra/MDLY Company Stockholders, as applicable</FONT>. As a result, the Applicants believe that the requested relief is appropriate
and in the public interest, consistent with the protection of investors and consistent with the purposes of the 1940 Act and Section
12(d)(3). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">e.</FONT></TD><TD><U><A NAME="a_040"></A>Conclusion</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The Applicants
believe the Combined Company&rsquo;s or the Sierra/MDLY Company&rsquo;s proposed ownership of Merger Sub, which will be a holding
company for a number of revenue-generating registered investment advisers, does not present the potential for the risks and abuses
Section 12(d)(3) is intended to eliminate. The Applicants believe that the standards set forth in Section 6(c) have been met. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"> IV. </TD><TD STYLE="text-align: justify"> <U><A NAME="a_041"></A>APPLICANTS&rsquo;
                                         CONDITIONS</U> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">Applicants agree that the order granting
the requested relief will be subject to the following conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> 1. The Proposed Business
Combination will not be consummated unless it has been approved by the holders of a majority of outstanding Sierra Common Stock
and MCC Common Stock, and the holders of a majority of the voting power of the outstanding shares of MDLY Common Stock as of the
Sierra Record Date, the MCC Record Date, and the MDLY Record Date, respectively. The MDLY Merger will not be consummated unless
it has been approved by the holders of a majority of outstanding Sierra Common Stock, and the holders of a majority of the voting
power of the outstanding shares of MDLY Common Stock as of the Sierra Record Date and the MDLY Record Date,
respectively. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>20</SUP></FONT>
<I>Main Street Capital Corporation</I>, SEC Staff No-Action Letter (Nov. 7, 2013).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 155; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->147<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> 2. The Proposed Business
Combination or the MDLY Merger, as applicable, will not be consummated unless the New Investment Advisory Agreement has been approved
by a majority of the holders of (1) the outstanding shares of Sierra Common Stock and (2) the outstanding shares of Sierra Common
Stock held by persons who are not affiliated persons of Sierra. For this condition, the vote of holders of a &ldquo;majority,&rdquo;
as defined in the 1940 Act, means the vote of the holders of the lesser of (1) 67% or more of the outstanding shares of Sierra
Common Stock present or represented by proxy at the Sierra Special Meeting if the holders of more than 50% of the shares of Sierra
Common Stock are present or represented by proxy or (2) more than 50% of the outstanding shares of Sierra Common Stock. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> 3. In connection with MCC
Stockholder Approval of the MCC Merger, shares of MCC Common Stock that are deemed to be controlled by Management will be voted
in the same manner and proportion as the shares of MCC Common Stock voted by the unaffiliated MCC Stockholders (i.e. &ldquo;echo-voted&rdquo;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> 4. The Combined Company or
the Sierra/MDLY Company, as applicable, will at all times own and hold all the outstanding voting and equity interests in Merger
Sub, which will, in turn, hold at all times the voting and equity interests in Medley LLC. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> 5. The Combined Company <FONT STYLE="font-family: Times New Roman, Times, Serif">or
the Sierra/MDLY Company, as applicable, </FONT>will not dispose of the voting or equity interests of an Adviser if, as a result,
the Combined Company <FONT STYLE="font-family: Times New Roman, Times, Serif">or the Sierra/MDLY Company, as applicable, </FONT>would
own, directly or indirectly, less than 50 percent of the outstanding voting and equity interests of that Adviser unless the Combined
Company <FONT STYLE="font-family: Times New Roman, Times, Serif">or the Sierra/MDLY Company, as applicable,</FONT> disposes of
all of its interests in the Adviser. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> 6. The Combined Company Board
<FONT STYLE="font-family: Times New Roman, Times, Serif">or the Sierra/MDLY Company Board, as applicable, </FONT>will review at
least annually the investment management business of the Combined Company <FONT STYLE="font-family: Times New Roman, Times, Serif">or
the Sierra/MDLY Company, as applicable,</FONT> and the Advisers in order to determine whether the benefits derived by the Combined
Company <FONT STYLE="font-family: Times New Roman, Times, Serif">or the Sierra/MDLY Company, as applicable, </FONT>warrant the
continuation of the ownership by the Combined Company <FONT STYLE="font-family: Times New Roman, Times, Serif">or the Sierra/MDLY
Company, as applicable, </FONT>of any Adviser and, if appropriate, will approve (by at least a majority of the Independent Directors)
at least annually, such continuation. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> &nbsp; </P>


<!-- Field: Page; Sequence: 156; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->148<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<FONT STYLE="text-decoration: none">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"> <A NAME="a_042"></A>V. </TD><TD STYLE="text-align: justify"> <U>PROCEDURAL
                                         MATTERS</U> </TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">A.</FONT></TD><TD STYLE="text-align: justify"><U><A NAME="a_043"></A>Communications</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The address of each of the Applicants is</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">280 Park Ave., 6th Floor East</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">New York, NY 10017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">and the persons to whom Applicants wish any questions regarding
this Application to be directed are Mr. John Fredericks, Esq., at such address, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Steven B. Boehm, Esquire</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Payam Siadatpour, Esquire<BR>
Eversheds Sutherland (US) LLP<BR>
700 Sixth Street, NW, Suite 700</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Washington, D.C. 20001-3980</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">B.</FONT></TD><TD STYLE="text-align: justify"><U><A NAME="a_044"></A>Authorizations</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On the following dates,
and pursuant to applicable law, the board of directors of each Consolidating Entity by resolution expressly delegated authority
to that Consolidating Entity&rsquo;s officers to execute this Application: Sierra Income Corp. (November 6, 2018), Medley Capital
Corporation (October 29, 2018), Medley Management Inc. (October 29, 2018), and Sierra Management, Inc. (November 6, 2018). In addition,
on such dates the filing of this Application was specifically authorized by resolution of each respective board of directors. A
copy of each such resolution is attached to this Application as Exhibits A, B, C and D, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All requirements necessary
to authorize the person signing and filing this Application on behalf of each Applicant to do so have been complied with.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 157; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->149<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"> Applicants have caused this Third Amended
and Restated Application to be duly signed on their behalf, in the City of New York, New York on the 3rd day of September 2019. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">SIERRA INCOME CORPORATION</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Executive Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MEDLEY CAPITAL CORPORATION</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Executive Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MEDLEY MANAGEMENT INC.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Seth Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Seth Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Co-Chief Executive Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">SIERRA MANAGEMENT, INC.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Seth Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Seth Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Co-Chief Executive Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MCC ADVISORS, LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Manager</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">SOF ADVISORS, LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Manager</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify"></P>

<!-- Field: Page; Sequence: 158; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->150<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">STRF ADVISORS LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Manager</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MEDLEY CAPITAL LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Financial Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MOF II MANAGEMENT LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Financial Officer</TD>
    </TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MOF III MANAGEMENT LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Financial Officer</TD>
    </TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MEDLEY SMA ADVISORS LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Financial Officer</TD>
    </TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MCOF MANAGEMENT LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Financial Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MEDLEY (ASPECT) MANAGEMENT LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify"></P>

<!-- Field: Page; Sequence: 159; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->151<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>VERIFICATION</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> The undersigned
being duly sworn deposes and says that he has duly executed the attached Application dated September 3, 2019, for and on behalf
of Sierra Income Corporation, Medley Capital Corporation, Medley Management Inc., Sierra Management, Inc., MCC Advisors LLC, SOF
Advisors LLC, STRF Advisors LLC, Medley Capital LLC, MOF II Management LLC, MOF III Management LLC, Medley SMA Advisors LLC, MCOF
Management LLC, and Medley (Aspect) Management LLC; that he holds the office with such entity as indicated below and that all
action by stockholders, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been
taken. Deponent further says that he is familiar with such instrument, and the contents thereof, and that the facts therein set
forth are true to the best of his knowledge, information and belief. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">SIERRA INCOME CORPORATION</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Executive Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MEDLEY CAPITAL CORPORATION</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Executive Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MEDLEY MANAGEMENT INC.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Seth Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Seth Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Co-Chief Executive Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">SIERRA MANAGEMENT, INC.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Seth Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Seth Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Co-Chief Executive Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MCC ADVISORS LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Manager</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify"></P>

<!-- Field: Page; Sequence: 160; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->152<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">SOF ADVISORS LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Manager</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">STRF ADVISORS LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Brook Taube</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Manager</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MEDLEY CAPITAL LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Financial Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MOF II MANAGEMENT LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Financial Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MOF III MANAGEMENT LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Financial Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MEDLEY SMA ADVISORS LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Financial Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MCOF MANAGEMENT LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Financial Officer</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MEDLEY (ASPECT) MANAGEMENT LLC</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Richard T. Allorto, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chief Financial Officer</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;&nbsp;</P>


<!-- Field: Page; Sequence: 161; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->153<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><B>Exhibit A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Resolutions of the Board of Sierra Income
Corporation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
the Board has previously (i) approved the acquisition of MCC by the Company as contemplated by the MCC Merger Agreement, in which
MCC will, on the terms and subject to the conditions set forth in the MCC Merger Agreement, merge with and into the Company, with
the Company as the surviving company in the MCC Merger; and (ii) contemporaneously with the MCC Merger Agreement, the Company,
MDLY, and Merger Sub entered into the MDLY Merger Agreement pursuant to which MDLY will, on the terms and subject to the conditions
set forth in the MDLY Merger Agreement, merge with and into Merger Sub, with Merger Sub as the surviving company in the MDLY Merger;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
certain joint transactions contemplated by the Mergers may require exemptive relief from certain provisions of the 1940 Act, which
relief must be obtained from the SEC;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
each of the MCC Merger Agreement and the MDLY Merger Agreement are conditioned on the SEC granting an exemptive order to the Company,
MCC, and MDLY from Sections 12(d)(3), 57(a)(4) and 60 of the 1940 Act and Rule 17d-1 thereunder to the extent necessary in connection
with the transactions contemplated by the MCC Merger Agreement and the MDLY Merger Agreement and thereafter for the Combined Company
to operate as an internally managed BDC (the <B><I>&ldquo;Joint Transactions Order&rdquo;</I></B>) that must be in full force and
effect as of the Effective Time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: white"><B>WHEREAS</B>,
</FONT>the Special Committee has reviewed and approved, and recommended that the Board approve, <FONT STYLE="background-color: white">the
exemptive application (the <B><I>&ldquo;Joint Transactions Exemptive Application&rdquo;</I></B>) for the Joint Transactions Order;</FONT>
<U>and</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: white"><B>WHEREAS</B>,
the Board has reviewed the Joint Transactions Exemptive Application, </FONT>a copy of which was provided to the Board<FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,
BE IT RESOLVED</B>, that the Board hereby approves the <FONT STYLE="background-color: white">Joint Transactions Exemptive Application</FONT>,
in substantially the form provided in the Board meeting materials;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that the Board hereby directs that the Authorized Officers submit the <FONT STYLE="background-color: white">Joint Transactions
</FONT>Exemptive Application to the SEC for the <FONT STYLE="background-color: white">Joint Transactions </FONT>Order pursuant
to the 1940 Act allowing the consummation of the joint transactions contemplated by the Mergers;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that the Authorized Officers be, and each hereby is, authorized for and on behalf of the Company to prepare, execute and file with
the SEC pursuant to the 1940 Act one or more applications for the <FONT STYLE="background-color: white">Joint Transactions</FONT>
Order and any amendments thereto that such officer deems to be necessary, desirable or appropriate, together with any and all exhibits
and documents or supplemental information relating thereto, in connection with the Mergers and that the form or any amendment or
supplements thereto will be as approved by the Authorized Officers of the Company executing the same, the approval by the Company
of such Authorized Officers to be evidenced conclusively by their execution of the same;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that the Authorized Officers be, and each of them herby is, authorized and empowered in the name and on behalf of the Company to
do or cause to be done all such acts and to sign, execute, certify to, verify, acknowledge, deliver, accept, file, and record any
and all such documents as, in the judgment of any such person, are deemed to be necessary, desirable, or appropriate to effect
the purposes of these resolutions; <U>and</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that for purposes of the foregoing resolutions, the Chief Executive Officer, President, Chief Financial Officer, Chief Operating
Officer, Chief Compliance Officer and Secretary of the Company are Authorized Officers of the Company (collectively, the <B><I>&ldquo;Authorized
Officers&rdquo;</I></B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 162; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-align: right"><B>Exhibit B</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Resolutions of the Board of Medley Capital
Corporation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
the Board previously approved the MCC Merger Agreement pursuant to which the Company will, on the terms and subject to the conditions
set forth in the MCC Merger Agreement, merge with and into Sierra, with Sierra as the surviving company in the MCC Merger;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
contemporaneously with the MCC Merger Agreement, Sierra, MDLY, and Merger Sub entered into the MDLY Merger Agreement pursuant to
which MDLY will, on the terms and subject to the conditions set forth in the MDLY Merger Agreement, merge with and into Merger
Sub, with Merger Sub as the surviving company in the MDLY Merger;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
certain transactions contemplated by the Mergers require exemptive relief from certain provisions of the 1940 Act, which relief
must be obtained from the SEC; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
each of the MCC Merger Agreement and the MDLY Merger Agreement are conditioned on the SEC granting an exemptive order to the Company,
Sierra, and MDLY from Sections 12(d)(3), 57(a)(4) and 60 of the 1940 Act and Rule 17d-1 thereunder to the extent necessary in connection
with the transactions contemplated by the MCC Merger Agreement and the MDLY Merger Agreement and thereafter for the Combined Company
to operate as an internally managed BDC (the <B><I>&ldquo;Order&rdquo;</I></B>) that must be in full force and effect as of the
closing of the Mergers (the <B><I>&ldquo;Effective Time&rdquo;</I></B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,
BE IT RESOLVED</B>, that the Board hereby approves the <FONT STYLE="background-color: white">Exemptive Application</FONT>, in substantially
the form provided in the Board meeting materials and authorizes the filing thereof with the SEC and any amendments, modifications
or supplements thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that the Authorized Officers be, and each of them hereby is, authorized and empowered in the name and on behalf of the Company
to do or cause to be done all such acts and to sign, execute, certify to, verify, acknowledge, deliver, accept, file, and record
any and all such documents as, in the judgment of any such person, are deemed to be necessary, desirable, or appropriate to effect
the purposes of these resolutions; <U>and</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that for purposes of the foregoing resolutions, the Chief Executive Officer, President, Chief Financial Officer, Chief Compliance
Officer and Secretary of the Company are Authorized Officers of the Company (collectively, the &ldquo;<B><I>Authorized Officers</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 163; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-align: right"><B>Exhibit C</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-align: right"><B></B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Resolutions of the Board of Medley Management
Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
the Board previously approved the MDLY Merger Agreement pursuant to which MDLY will, on the terms and subject to the conditions
set forth in the MDLY Merger Agreement, merge with and into Merger Sub, with Merger Sub as the surviving company in the MDLY Merger;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
contemporaneously with the MDLY Merger Agreement, Sierra and MCC entered into the MCC Merger Agreement pursuant to which MCC will,
on the terms and subject to the conditions set forth in the MCC Merger Agreement, merge with and into Sierra, with Sierra as the
surviving company in the MCC Merger;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
certain transactions contemplated by the Mergers require exemptive relief from certain provisions of the 1940 Act, which relief
must be obtained from the SEC;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
each of the MCC Merger Agreement and the MDLY Merger Agreement are conditioned on the SEC granting an exemptive order to the Company,
Sierra, and MCC from Sections 12(d)(3), 57(a)(4) and 60 of the 1940 Act and Rule 17d-1 thereunder to the extent necessary in connection
with the transactions contemplated by the MCC Merger Agreement and the MDLY Merger Agreement and thereafter for the Combined Company
to operate as an internally managed BDC (the <B><I>&ldquo;Order&rdquo;</I></B>) that must be in full force and effect as of the
closing of the Mergers (the <B><I>&ldquo;Effective Time&rdquo;</I></B>); <U>and</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: white"><B>WHEREAS</B>,
the Board has reviewed the exemptive application (the <B><I>&ldquo;Exemptive Application&rdquo;</I></B>) for the Order, </FONT>a
copy of which was provided to the Board<FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,
BE IT RESOLVED</B>, that the Board hereby approves the <FONT STYLE="background-color: white">Exemptive Application</FONT>, in substantially
the form provided in the Board meeting materials and authorizes the filing thereof with the SEC and any amendments, modifications
or supplements thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that the Authorized Officers be, and each of them hereby is, authorized and empowered in the name and on behalf of the Company
to do or cause to be done all such acts and to sign, execute, certify to, verify, acknowledge, deliver, accept, file, and record
any and all such documents as, in the judgment of any such person, are deemed to be necessary, desirable, or appropriate to effect
the purposes of these resolutions; <U>and</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that for purposes of the foregoing resolutions, the Co-Chief Executive Officer, President, Chief Financial Officer, General Counsel
and Secretary of the Company are Authorized Officers of the Company (collectively, the &ldquo;<B><I>Authorized Officers</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 164; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit D</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Resolutions of the Board of Sierra Management,
Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
the Board hereby (i) determined that the Agreement and Plan of Merger (the <B><I>&ldquo;MDLY Merger Agreement&rdquo;</I></B>) by
and between Sierra Income Corporation, a Maryland corporation (<B><I>&ldquo;Sierra&rdquo;</I></B>), the Company, and Sierra Management,
Inc., a Delaware corporation and a wholly owned subsidiary of Sierra, pursuant to which the Company will, on the terms and subject
to the conditions set forth in the MDLY Merger Agreement, merge with and into Merger Sub, with Merger Sub as the surviving company
in the merger (the <B><I>&ldquo;MDLY Merger&rdquo;</I></B>) and the transactions contemplated thereby, including, without limitation,
the MDLY Merger, are advisable and fair to, and in the best interests of, the Company and its sole stockholder; (ii) recommended
that Sierra, as the Company&rsquo;s sole stockholder, adopt the MDLY Merger Agreement and approve the MDLY Merger; and (iii) authorized
and approved the MDLY Merger substantially upon the terms and conditions set forth in the MDLY Merger Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
the Company&rsquo;s sole stockholder previously authorized and approved the MDLY Merger and the other transactions contemplated
by the MDLY Merger Agreement in all respects;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
contemporaneously with the MDLY Merger Agreement, Sierra and Medley Capital Corporation, a Delaware corporation (<B><I>&ldquo;MCC&rdquo;</I></B>),
entered into the Agreement and Plan of Merger (the <B><I>&ldquo;MCC Merger Agreement&rdquo;</I></B>) pursuant to which MCC will,
on the terms and subject to the conditions set forth in the MCC Merger Agreement, merge with and into Sierra, with Sierra as the
surviving company (the <B><I>&ldquo;Combined Company&rdquo;</I></B>) in the merger (the <B><I>&ldquo;MCC Merger&rdquo;</I></B>
together with the MDLY Merger, the <B><I>&ldquo;Mergers&rdquo;</I></B>);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
certain joint transactions contemplated by the Mergers may require exemptive relief from certain provisions of the Investment Company
Act of 1940 (the <B><I>&ldquo;1940 Act&rdquo;</I></B>), which relief must be obtained from the SEC;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
each of the MCC Merger Agreement and the MDLY Merger Agreement are conditioned on the SEC granting an exemptive order to the Company,
Sierra, and MCC from Sections 12(d)(3), 57(a)(4) and 60 of the 1940 Act and Rule 17d-1 thereunder to the extent necessary in connection
with the transactions contemplated by the MCC Merger Agreement and the MDLY Merger Agreement and thereafter for the Combined Company
to operate as an internally managed BDC (the <B><I>&ldquo;Order&rdquo;</I></B>) that must be in full force and effect as of the
closing of the Mergers (the <B><I>&ldquo;Effective Time&rdquo;</I></B>); <U>and</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: white"><B>WHEREAS</B>,
the Board has reviewed the exemptive application (the <B><I>&ldquo;Exemptive Application&rdquo;</I></B>) for the Order, </FONT>a
copy of which was provided to the Board<FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,
BE IT RESOLVED</B>, that the Board hereby approves the <FONT STYLE="background-color: white">Exemptive Application</FONT>, in substantially
the form provided in the Board meeting materials;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 165; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">D-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that the Board hereby directs that the Authorized Officers submit the Exemptive Application to the SEC for the Order pursuant to
the 1940 Act allowing the consummation of the joint transactions contemplated by the Mergers;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that the Authorized Officers be, and each hereby are, authorized for and on behalf of the Company to prepare, execute and file
the Exemptive Application with the SEC pursuant to the 1940 Act for the Order and any amendments thereto that such officer deems
to be necessary, desirable or appropriate, together with any and all exhibits and documents or supplemental information relating
thereto, in connection with the Mergers and that the form or any amendment or supplements thereto will be as approved by the Authorized
Officers of the Company executing the same, the approval by the Company of such Authorized Officers to be evidenced conclusively
by their execution of the same;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that the Authorized Officers be, and each of them hereby is, authorized and empowered in the name and on behalf of the Company
to do or cause to be done all such acts and to sign, execute, certify to, verify, acknowledge, deliver, accept, file, and record
any and all such documents as, in the judgment of any such person, are deemed to be necessary, desirable, or appropriate to effect
the purposes of these resolutions; <U>and</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FURTHER RESOLVED</B>,
that for purposes of the foregoing resolutions, the Chief Executive Officer, President, Chief Financial Officer, and Secretary
of the Company are Authorized Officers of the Company (collectively, the &ldquo;<B><I>Authorized Officers</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-align: right"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 166; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">D-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><B>Appendix A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> <B>Simplified
Structure before the Completion of both of the Mergers&nbsp;</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 287px; width: 282px"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: white"> <B>Simplified
Structure Following the Completion of both of the Mergers</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: white"><FONT STYLE="font-size: 10pt"><IMG SRC="image_002.jpg" ALT="https:||www.sec.gov|Archives|edgar|data|1523526|000121390018017743|image_005.jpg" STYLE="height: 355px; width: 304px"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: white"></P>

<!-- Field: Page; Sequence: 167; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: white"> <B>Simplified
Structure Following the Completion of both of the Mergers</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 383px; width: 355px"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"></P>

<!-- Field: Page; Sequence: 168; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>
<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Appendix
B</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="image_004.jpg" ALT="" STYLE="width: 228px; height: 76px">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July
28, 2019</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Special
Committee of the Board of Directors</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">of
Sierra Income Corporation</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c/o
Sullivan &amp; Worcester LLP</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1666
K Street NW</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Washington,
D.C. 20006</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ladies
and Gentlemen:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
understand that Sierra Income Corporation (&ldquo;SIC&rdquo;) proposes to enter into (i) an Amended Agreement and Plan of Merger
with Medley Capital Corporation (&ldquo;MCC&rdquo;) (the &ldquo;MCC Agreement&rdquo;) and (ii) an Amended Agreement and Plan of
Merger with Medley Management Inc. (&ldquo;MDLY&rdquo;) and a subsidiary of SIC (&ldquo;Merger Sub&rdquo;) (the &ldquo;MDLY Agreement&rdquo;
and, together with the MCC Agreement, the &ldquo;Agreements&rdquo;).</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the MCC Agreement and conditioned upon the consummation of the MDLY Merger, MCC will merge with and into SIC, with SIC surviving
the merger (the &ldquo;MCC Merger&rdquo;), and each issued and outstanding share of MCC Common Stock, par value $0.001 per share
(the &ldquo;MCC Common Stock&rdquo;) (other than such shares owned by MCC, SIC or any wholly owned subsidiary of MCC or SIC),
will be converted into the right to receive between 0.66 and 0.68 shares of SIC common stock, par value $0.001 per share (the
&ldquo;SIC Common Stock&rdquo;), as determined pursuant to a formula set forth in the MCC Merger Agreement (the &ldquo;MCC Consideration&rdquo;).</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the MDLY Agreement, MDLY will merge with and into Merger Sub, with Merger Sub surviving the merger (the &ldquo;MDLY Merger&rdquo;),
and (i) each issued and outstanding share of MDLY Class A Common Stock, par value $0.01 per share (the &ldquo;MDLY Common Stock&rdquo;)
(other than such shares owned by MDLY, SIC or any wholly owned subsidiary of MDLY or SIC and any dissenting shares (the &ldquo;Excluded
MDLY Shares&rdquo;)) held by a person other than a unitholder of Medley LLC, a Delaware limited liability company and a subsidiary
of MDLY, will be converted into the right to receive (1) 0.2668 shares of SIC Common Stock and (2) cash in an amount equal to
$2.96 per such share, (ii) each issued and outstanding share of MDLY Common Stock (other than the Excluded MDLY Shares) held by
a unitholder of Medley LLC will be converted into the right to receive (1) 0.2072 shares of SIC Common Stock and (2) cash in an
amount equal to $2.66 per such share, and (iii) each restricted stock unit of MDLY outstanding and not previously forfeited, other
than those held by non-management directors of MDLY, and each Non-Vesting Medley Restricted Unit (as defined in the MDLY Merger
Agreement) will be converted into 0.7079 restricted stock units under the SIC Incentive Plan (as defined in the MDLY Merger Agreement)
(all such shares of SIC Common Stock, restricted stock units and cash described in the foregoing clauses (i) through (iii) collectively,
the &ldquo;MDLY Consideration&rdquo;) and (iv) each issued and outstanding share of MDLY Class B Common Stock, par value $0.01
per share, will be canceled. The MCC Consideration (if applicable) and the MDLY Consideration are collectively referred to herein
as the &ldquo;Total Consideration&rdquo;. The &ldquo;Revised Transactions&rdquo; refer to (A) if the MCC Merger is consummated
concurrently with the MDLY Merger, the MCC Merger and MDLY Merger, collectively, or (B) if the MCC Merger is not consummated concurrently
with the MDLY Merger, the MDLY Merger. The terms and conditions of the Revised Transactions are more fully set forth in the Agreements.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">You
have asked for our opinion as to (a) if the MCC Merger is consummated concurrently with the MDLY Merger, whether the Total Consideration
to be paid and issued by SIC in the Revised Transactions, considered as a whole and not in separate parts, is fair to SIC from
a financial point of view, and (b) if the MCC Merger is not consummated concurrently with the MDLY Merger, whether the MDLY Consideration
to be paid and issued by SIC in the MDLY Merger, considered as a whole and not in separate parts, is fair to SIC from a financial
point of view.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 169; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
connection with the opinion set forth herein, we have:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reviewed
                                         certain audited and unaudited financial information, and other business and operating
                                         data, regarding SIC, MCC and MDLY;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reviewed
                                         certain financial projections relating to MCC (the &ldquo;MCC Projections&rdquo;) prepared
                                         by the management of MDLY, which manages MCC, and discussed with the management of MDLY
                                         its assessment as to the relative likelihood of achieving the MCC Projections;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reviewed
                                         certain financial projections relating to MDLY prepared by the management of MDLY (the
                                         &ldquo;MDLY Projections&rdquo;) and discussed with the management of MDLY its assessment
                                         as to the relative likelihood of achieving the MDLY Projections;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reviewed
                                         certain financial projections relating to SIC (the &ldquo;SIC Projections&rdquo;) prepared
                                         by the management of MDLY, which manages SIC, and discussed with the management of MDLY
                                         its assessment as to the relative likelihood of achieving the SIC Projections;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Discussed
                                         the past and current business, operations, financial condition and prospects of each
                                         of MCC and MDLY with members of senior management of MDLY, and discussed the past and
                                         current business, operations, financial condition and prospects of SIC, including after
                                         giving effect to the Revised Transactions and the strategic and financial benefits anticipated
                                         by the management of MDLY to result therefrom, with members of senior management of MDLY;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reviewed
                                         the recent stock price performance and trading activity of the MDLY Common Stock, and
                                         the financial performance of MDLY;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reviewed
                                         the recent stock price performance and trading activity of the MCC Common Stock, and
                                         the financial performance of MCC, and a comparison with that of certain other comparable
                                         companies the securities of which are publicly traded, and that are, in our judgment,
                                         comparable in certain respects to MCC;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reviewed
                                         the anticipated pro forma impact of the Revised Transactions on SIC&rsquo;s net interest
                                         income, net asset value and financial ratios;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reviewed
                                         the financial terms, to the extent publicly available, of certain comparable acquisition
                                         transactions;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reviewed
                                         the Tax Receivable Agreement, dated September 23, 2014, between MDLY and the holders
                                         of units in Medley LLC (the &ldquo;TRA&rdquo;), and the proposed treatment of the TRA
                                         under the Agreements;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reviewed
                                         the stipulation and agreement of compromise and settlement dated July 24, 2019, among
                                         MCC, Brook Taube, Seth Taube, Jeff Tonkel, Mark Lerdal, Karin Hirtler-Garvey, John E.
                                         Mack, Arthur S. Ainsberg, MDLY, MCC Advisors LLC, Medley LLC and Medley Group LLC, on
                                         the one hand, and FrontFour Capital Group LLC and FrontFour Master Fund, Ltd., on behalf
                                         of themselves and a class of similarly situated stockholders of MCC (collectively, the
                                         &ldquo;Plaintiffs&rdquo;), on the other hand (the &ldquo;Final Settlement Agreement,&rdquo;
                                         and the litigation to which such Final Settlement Agreement relates, the &ldquo;Litigation&rdquo;),
                                         which provides for payment of $17 million in cash and issuance of SIC Common Stock with
                                         a value of $30 million, calculated as provided in the Final Settlement Agreement, to
                                         a settlement fund if the MCC Merger is consummated (the &ldquo;Settlement Liability&rdquo;);</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reviewed
                                         drafts of the Agreements, each dated July 26, 2019 (the &ldquo;Draft Agreements&rdquo;)
                                         and certain related documents; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Performed
                                         such other analyses and considered such other factors as we have deemed appropriate.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have assumed and relied upon, without independent verification, the accuracy and completeness of the information that was publicly
available or supplied or otherwise made available to us by SIC, MCC or MDLY, and that formed a substantial basis for this opinion.
We have further relied upon assurances of the management of MDLY, which also manages SIC and MCC, that they are not aware of any
facts or circumstances that would make such information inaccurate or misleading and that there has not been any material change
in the assets, financial condition, results of operations, business or prospects of SIC, MCC or MDLY since the respective dates
of the most recent financial statements and other information, financial or otherwise, relating to SIC, MCC or MDLY, respectively,
made available to us by the SIC, MCC or MDLY.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 170; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have assumed with your consent that:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         final executed Agreements will not differ in any respect material to our analysis or
                                         this opinion from the Draft Agreements;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         MCC Projections and the MDLY Projections have been reasonably prepared on bases reflecting
                                         the best currently available estimates and judgments of the management of MDLY, which
                                         manages MCC, of the future financial performance of each of MCC and MDLY on a standalone
                                         basis, respectively;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         SIC Projections have been reasonably prepared on bases reflecting the best currently
                                         available estimates and judgments of the management of MDLY, which manages SIC, of the
                                         future financial performance of SIC on a standalone basis, following the acquisition
                                         of MDLY only and following the acquisition of both MCC and MDLY, respectively;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         Revised Transactions will be consummated in accordance with the terms set forth in the
                                         Agreements without any waiver, amendment or delay of any terms or conditions in any manner
                                         that would be material to our opinion;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         revenues and earnings projected in the SIC Projections (and, following the Revised Transactions,
                                         the revenues and earnings projected in the MCC Projections and the MDLY Projections)
                                         will be realized in the amounts and at the times projected in all respects material to
                                         our analysis;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         Revised Transactions will not result in the assumption or other acquisition of any tax,
                                         regulatory or other liabilities (including liabilities of MCC and MDLY and their respective
                                         subsidiaries) other than the Settlement Liability and those provided for in the Agreements,
                                         and we have assumed with your consent that (i) the total consideration payable by SIC
                                         pursuant to the MDLY Merger was negotiated to reflect a reduction equal to the Settlement
                                         Liability and (ii) the assumption or other acquisition of liabilities provided for in
                                         the Agreements (other than the Settlement Liability) would not have a material impact
                                         on the value of SIC;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         rate of taxation applied to certain earnings of SIC included in the SIC Projections and
                                         the rate of taxation applicable to MDLY included in the MDLY Projections will be experienced
                                         as projected following consummation of the Revised Transactions;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         connection with the receipt of all the necessary governmental, regulatory or other approvals
                                         and consents required for the Revised Transactions, no delays, limitations, conditions
                                         (including any required divestitures) or restrictions will be imposed that would have
                                         a material adverse effect on the contemplated benefits expected to be derived in the
                                         Revised Transactions;</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         representations and warranties of SIC, MCC and MDLY contained in the Agreements are accurate
                                         and complete in all respects material to our analysis; and</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         MCC Merger will qualify for federal income tax purposes as a reorganization under the
                                         provisions of Section 368(a) of the Internal Revenue Code of 1986, as amended.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have further advised you of the following several important factors and assumptions that underlie our opinion expressed herein,
in each case which form the bases for the analysis we have used in reaching the opinion expressed herein, and we would be unable
to deliver this opinion were any of these factors or assumptions to be incorrect in any material respect:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">First,
                                         it is our view that, were the shares of SIC Common Stock to be listed and traded on a
                                         national securities exchange, including following consummation of the Revised Transactions,
                                         such shares, on a fully distributed basis, would trade at a substantial discount to SIC&rsquo;s
                                         net asset value.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Second,
                                         we have assumed with your consent that SIC and its affiliates (including MDLY), pro forma
                                         for the Revised Transactions, would, absent the tax relief afforded by the cancellation
                                         of and transfer of benefits under the TRA, pay taxes in the full amounts and at the times
                                         projected by the management of MDLY and that the taxes resulting from the results of
                                         operations of MDLY in each year in which tax benefits are available under the TRA would
                                         be in excess of the tax benefits afforded by the TRA.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"></P>

<!-- Field: Page; Sequence: 171; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Third,
                                         we have assumed with your consent that MDLY, following its acquisition by SIC, will be
                                         treated as a portfolio investment of SIC for accounting purposes and that MDLY&rsquo;s
                                         financial results will not be consolidated into the financial statements of SIC.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fourth,
                                         we have assumed with your consent that the United States Securities and Exchange Commission
                                         (the &ldquo;SEC&rdquo;) will grant exemptive relief requested by SIC, MDLY, MCC and certain
                                         of their subsidiaries pursuant to an application initially filed on November 6, 2018
                                         (as amended and restated on December 21, 2018, February 7, 2019 and February 15, 2019),
                                         without qualification or modification, with respect to the Revised Transactions and that
                                         if the MCC Merger is not consummated concurrently with the MDLY Merger, the SEC will
                                         grant substantially similar exemptive relief with respect to the MDLY Merger.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 24pt"></TD><TD STYLE="width: 24pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fifth,
                                         (i) the Final Settlement Agreement will be approved without amendment or modification
                                         in any material respect by the Delaware Court of Chancery and will not be appealed, modified,
                                         or otherwise amended or changed thereafter, (ii) the Settlement Liability (as provided
                                         for in the Final Settlement Agreement) will not, under any circumstances, exceed $47
                                         million, calculated as described above and in the Final Settlement Agreement, (iii) neither
                                         the Final Settlement Agreement, the Delaware Court of Chancery, nor any other court or
                                         regulatory body will impose any obligations on any of SIC, MCC or MDLY in connection
                                         with the Revised Transactions or otherwise beyond those contemplated by the Final Settlement
                                         Agreement, and (iv) the legal fees and expenses of the Plaintiffs in connection with
                                         the matters and disputes referred to in the Final Settlement Agreement and in connection
                                         with any other litigation in connection with the Original Transactions (as defined below)
                                         which are reimbursable by any or all of MDLY, MCC or SIC have not exceeded, and will
                                         not exceed, $15 million and will be covered all or in substantial part by applicable
                                         insurance, and all other defense fees and costs in connection with the Litigation will
                                         be covered by insurance.</FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are not legal, tax, accounting, or regulatory advisors. We are financial advisors only and have relied upon, without independent
verification, the assessments of SIC and its legal, tax, accounting, and regulatory advisors with respect to legal, tax, accounting,
and regulatory matters.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have not made any independent valuation or appraisal of SIC, MCC, MDLY or their respective assets or liabilities, we have not
relied upon any such valuations or appraisals furnished to us, and this opinion does not constitute or imply any particular valuation
of SIC. In arriving at our opinion, we have not conducted a physical inspection of SIC, MCC, MDLY or their respective assets.
Our opinion is necessarily based on financial, economic, market and other conditions as in effect on, and the information made
available to us as of, the date hereof. Events occurring after the date hereof may affect this opinion and the assumptions used
in preparing it, and we do not assume any obligation to update, revise or reaffirm this opinion. Without limiting the generality
of the foregoing, and other than as provided above, this opinion does not in any manner address the prices at which the SIC Common
Stock will trade after the announcement or consummation of the Revised Transactions or at any other time.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
acted as financial advisor to the Special Committee of the Board of Directors of SIC (the &ldquo;Special Committee&rdquo;) and
provided a fairness opinion dated August 9, 2018, in connection with the transactions contemplated by the Agreement and Plan of
Merger between SIC and MCC dated August 9, 2018, and (ii) the Agreement and Plan of Merger between MDLY and a subsidiary of SIC
dated August 9, 2018 (the transactions contemplated by such agreements, the &ldquo;Original Transactions&rdquo;). We received
fees for our services from SIC in connection with that representation, and in addition we were reimbursed our out-of-pocket and
legal expenses. Pursuant to an amendment dated April 17, 2019 (the &ldquo;Amendment&rdquo;), to the engagement letter between
Broadhaven Securities LLC and the Special Committee dated July 2, 2018 (the &ldquo;Engagement Letter&rdquo;), we have acted as
financial advisor to the Special Committee in connection with the Revised Transactions. Pursuant to such Amendment, we have received
a retainer fee, we will receive a fee for rendering this opinion, and we will receive a fee upon closing of the Revised Transactions,
and, if the Revised Transactions are not consummated, under certain circumstances, we will receive a separate fee for our work
in connection with the Revised Transactions, which fees are in addition to those paid under the Engagement Letter. SIC&rsquo;s
agreement under the Engagement Letter to reimburse our expenses and indemnify us against certain liabilities arising out of our
engagement also continues in full force and effect.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 172; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
than as described herein, in the two years prior to the date hereof, we have not provided services to SIC or MCC, but we have
provided financial advisory services to MDLY as disclosed in the Engagement Letter. We may seek to provide financial advisory
and other services to SIC or MDLY in the future, and we would expect to receive fees for rendering those services.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
opinion has been approved by a committee of Broadhaven Capital Partners in accordance with our customary practice. This opinion
is for the information of the Special Committee (in their capacity as such) in its evaluation of the Revised Transactions. This
opinion does not constitute a recommendation as to how any stockholder of SIC, MCC or MDLY should vote with respect to the Revised
Transactions or any other matter. We have not been requested to opine as to, and our opinion does not in any manner address, the
underlying business decision by SIC to proceed with or effect the Revised Transactions or the likelihood of consummation of the
Revised Transactions. We have only reviewed the fairness to SIC from a financial point of view, as of the date hereof, of (a)
if the MCC Merger is consummated concurrently with the MDLY Merger, the Total Consideration to be paid and issued by SIC in the
Revised Transactions, considered as a whole and not in separate parts, and (b) if the MCC Merger is not consummated concurrently
with the MDLY Merger, the MDLY Consideration to be paid and issued by SIC in the MDLY Merger, considered as a whole and not in
separate parts, and we are not expressing any opinion as to the relative proportion of cash and shares of SIC Common Stock constituting
the MDLY Consideration. Furthermore, we have not given any advice as to, nor does our opinion in any way address, (i) the fairness
(financial or otherwise) or adequacy of the amount of cash or SIC Common Stock payable pursuant to the Settlement Liability or
(ii) the fairness (financial or otherwise) of the Revised Transactions to any person or entity (including but not limited to MDLY
or MCC or their respective stockholders) other than SIC, and this opinion may not be used or referred to in a manner inconsistent
with the foregoing. Our opinion does not address the relative merits of the Revised Transactions as compared to any other transaction
or business strategy in which SIC might engage, the decision of whether or not to solicit indications of interest from, or the
terms or conditions on which to engage in any discussions with, any third parties regarding a transaction with SIC, or any other
aspects of the Revised Transactions not expressly addressed in this opinion. This opinion does not address the fairness (financial
or otherwise) of the amount, nature or any other aspect of any compensation to any of the officers, directors or employees of
any party to the Revised Transactions, or any such class of persons, relative to the Total Consideration. This opinion also does
not address the fairness (financial or otherwise) of the amount, nature or any other aspect of any consideration payable to one
class of securityholders of any party to the Revised Transactions, relative to any other class of securityholders of such party.
This opinion may not be quoted or referred to orally or in writing, or reproduced or disseminated, by SIC or its agents, without
our prior written consent, except that a copy of this opinion may be included in its entirety and, subject to our prior review
and approval (not to be unreasonably withheld or delayed), any summary of, or other description of, this opinion may be included,
if required by applicable law or the rules and regulations of any applicable stock exchange, in any filing made by SIC in respect
of the Revised Transactions with the SEC or such exchange.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
on and subject to the foregoing, including the various assumptions, limitations and qualifications set forth herein, we are of
the opinion that, as of the date hereof, (a) if the MCC Merger is consummated concurrently with the MDLY Merger, the Total Consideration
to be paid and issued by SIC in the Revised Transactions, considered as a whole and not in separate parts, is fair to SIC from
a financial point of view, and (b) if the MCC Merger is not consummated concurrently with the MDLY Merger, the MDLY Consideration
to be paid and issued by SIC in the MDLY Merger, considered as a whole and not in separate parts, is fair to SIC from a financial
point of view.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%; padding-bottom: 2.25pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>
    <TD STYLE="width: 40%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very truly yours,</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt"> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1.5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Broadhaven Capital Partners</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Broadhaven Capital Partners</FONT> </TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"> &nbsp; </P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"></P>

<!-- Field: Page; Sequence: 173; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"> &nbsp; </P>
<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Appendix
C</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp;<IMG SRC="image_005.jpg" ALT=""> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp;&nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July
28, 2019</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Special
Committee of the Board of Directors</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
Capital Corporation</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">280
Park Avenue, 6th Floor East</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
York, NY 10017</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ladies
and Gentlemen:</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medley
Capital Corporation (the &ldquo;Company&rdquo;) and Sierra Income Corporation (&ldquo;SIC&rdquo;) are proposing to enter into
an Amended and Restated Agreement and Plan of Merger (the &ldquo;MCC Agreement&rdquo;) (which MCC Merger Agreement amends and
restates in its entirety that certain Agreement and Plan of Merger dated as of August 9, 2018) pursuant to which the Company will
merge with and into SIC, with SIC being the surviving corporation (the &ldquo;MCC Merger&rdquo;). In addition, contemporaneously
with the execution of the MCC Agreement, SIC, its wholly-owned subsidiary, Sierra Management Inc. (&ldquo;Merger Sub&rdquo;),
and Medley Management Inc. (&ldquo;MDLY&rdquo;) are proposing to enter into a separate Amended and Restated Agreement and Plan
of Merger (the &ldquo;MDLY Agreement&rdquo; and, together with the MCC Agreement, the &ldquo;Agreements&rdquo;) pursuant to which
MDLY will merge with and into Merger Sub, with Merger Sub being the surviving corporation (the &ldquo;MDLY Merger&rdquo; and,
together with the MCC Merger, the &ldquo;Mergers&rdquo;). The MCC Agreement provides that the closing of the MCC Merger is conditioned
upon the closing of the MDLY Merger. Pursuant to the terms of the MCC Agreement, at the Effective Time, each share of common stock,
par value $0.001 per share, of the Company (&ldquo;Company Common Stock&rdquo;) issued and outstanding immediately prior to the
Effective Time, excluding certain shares of Company Common Stock as specified in the MCC Agreement, will be converted into the
right to receive between 0.66 and 0.68 of a share of common stock (&ldquo;SIC Common Stock&rdquo;), par value $0.001 per share,
of SIC (the &ldquo;Merger Consideration&rdquo;), depending on the amount of the costs, fees and expenses of plaintiffs&rsquo;
counsel in connection with that certain pending MCC stockholder class action styled In re Medley Capital Corporation Stockholder
Litigation, C.A. No. 2019-0100-KSJM (the &ldquo;FrontFour Action&rdquo;). Capitalized terms used herein without definition have
the meanings assigned to them in the MCC Agreement. The terms and conditions of the Mergers are more fully set forth in the Agreements.
Prior to or at the time that the MCC Merger Agreement is entered into, the parties to the FrontFour Action will enter into a Stipulation
of Settlement (the &ldquo;Stipulation&rdquo;) providing for, among other things, the distribution of $17 million in cash and $30
million of SIC Common Stock (net of deductions) to eligible members of the plaintiff class who hold Company Common Stock as of
the closing of the MCC Merger (the &ldquo;FrontFour Settlement Distribution&rdquo; and, together with the Mergers, the &ldquo;Transaction&rdquo;).
You have requested our opinion as to the fairness, from a financial point of view, of the Merger Consideration, taken together
with the payment of cash and SIC Common Stock in the FrontFour Settlement Distribution, to the holders of Company Common Stock
(other than SIC, MDLY and their respective affiliates and those holders of Company Common Stock who are not eligible to fully
participate in the FrontFour Settlement Distribution (collectively, the &ldquo;Excluded Holders&rdquo;)).</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sandler
O&rsquo;Neill &amp; Partners, L.P. (&ldquo;Sandler O&rsquo;Neill&rdquo;, &ldquo;we&rdquo; or &ldquo;our&rdquo;), as part of its
investment banking business, is regularly engaged in the valuation of financial services companies and their securities in connection
with mergers and acquisitions and other corporate transactions. In connection with this opinion, we have reviewed and considered,
among other things: (i) an execution version of the MCC Agreement, the MDLY Agreement and the Stipulation; (ii) certain publicly
available financial statements and other historical financial information of the Company, SIC and MDLY that we deemed relevant;
(iii) certain financial projections for the Company, SIC and MDLY for the calendar years 2019 and 2020 and estimated net asset
values of the Company and SIC, all as provided by the senior management of MDLY (which is the parent of the investment advisers
that externally manage and advise the Company and SIC); (iv) the pro forma financial impact of the Transaction on SIC and also
with respect to certain financial metrics of the Company, based on certain assumptions relating to cost savings, purchase accounting
adjustments, transaction expenses and tax benefits, as provided by the senior management of MDLY; (v) the publicly reported historical
price and trading activity for Company Common Stock and the common stock of MDLY (&ldquo;MDLY Common Stock&rdquo;); (vi) a comparison
of certain financial information for the Company and SIC with similar companies for which information is publicly available; (vii)
certain financial information for asset management companies for which information is publicly available; (viii) the financial
terms of certain recent business combinations in the business development company industry, to the extent publicly available,
as well as the proposed amended and restated financial terms of the MDLY Merger; (ix) the current market environment generally
and the business development company industry environment in particular; and (x) such other information, financial studies, analyses
and investigations and financial, economic and market criteria as we considered relevant. We also discussed with certain members
of the senior management of MDLY and its representatives the respective businesses, financial condition, results of operations
and prospects of the Company, SIC and MDLY.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;<IMG SRC="image_006.jpg" ALT="" STYLE="width: 339px; height: 87px"></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<!-- Field: Page; Sequence: 174; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp;<IMG SRC="image_005.jpg" ALT="" STYLE="width: 150px; height: 140px"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
performing our review, we have relied upon the accuracy and completeness of all of the financial and other information that was
available to and reviewed by us from public sources, that was provided to us by the Company, SIC, MDLY or their respective representatives
or that was otherwise reviewed by us, and we have assumed such accuracy and completeness for purposes of rendering this opinion
without any independent verification or investigation. We further have relied on the assurances of the senior management of MDLY
that it is not aware of any facts or circumstances that would make any of such information inaccurate or misleading. We have not
been asked to undertake, and have not undertaken, an independent verification of any of such information and we do not assume
any responsibility or liability for the accuracy or completeness thereof. We did not make an independent evaluation or perform
an appraisal of the specific assets, the collateral securing assets or the liabilities (contingent or otherwise) of the Company,
SIC, MDLY or any of their respective subsidiaries, nor have we been furnished with any such evaluations or appraisals. We render
no opinion or evaluation on the collectability of any assets or the future performance of any loans or other investments of the
Company or SIC. We have not reviewed any individual credit files relating to the Company or SIC.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
preparing its analyses, Sandler O&rsquo;Neill used certain financial projections for the Company, SIC and MDLY for the calendar
years 2019 and 2020 and estimated net asset values of the Company and SIC, all as provided by the senior management of MDLY. Sandler
O&rsquo;Neill also received and used in its pro forma analyses certain assumptions relating to cost savings, purchase accounting
adjustments, transaction expenses and tax benefits, as provided by the senior management of MDLY. With respect to the foregoing
information, the senior management of MDLY confirmed to us that such information reflected the best currently available estimates
and judgments of such senior management as to the future financial performance of the Company, SIC and MDLY and the other matters
covered thereby. We assumed that the future financial performance reflected in all of the foregoing information used by Sandler
O&rsquo;Neill would be achieved, and we express no opinion as to such information, or the assumptions on which such information
is based. We have also assumed that there has been no material change in the respective assets, financial condition, results of
operations, businesses or prospects of the Company, SIC or MDLY since the date of the most recent financial statements made available
to us. We have assumed in all respects material to our analyses that the Company, SIC and MDLY will remain as going concerns for
all periods relevant to our analyses.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have also assumed, with your consent, that (i) each of the parties to the Agreements will comply in all material respects with
all material terms and conditions of the Agreements and all related agreements, that all of the representations and warranties
contained in such agreements are true and correct in all material respects, that each of the parties to such agreements will perform
in all material respects all of the covenants and other obligations required to be performed by such party under such agreements
and that the conditions precedent in such agreements are not and will not be waived, (ii) in the course of obtaining the necessary
regulatory or third party approvals, consents and releases with respect to the Transaction, no delay, limitation, restriction
or condition will be imposed that would have an adverse effect on the Company, SIC, MDLY or the benefits contemplated by the Transaction
or any related transaction, (iii) the Transaction and any related transactions (including, without limitation, the acquisition
by MDLY of all of the outstanding units of its subsidiary Medley LLC not already owned by MDLY, the termination by MDLY of its
existing tax receivables agreement and the final dividend to be paid by MCC pursuant to the MCC Agreement) will be consummated
in accordance with the terms of the Agreements or as otherwise described to us by representatives of the Company without any waiver,
modification or amendment of any material term, condition or agreement and in compliance with all applicable laws and other requirements,
and (iv) the MCC Merger will qualify as a tax-free reorganization for federal income tax purposes.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp;&nbsp; </P>

<!-- Field: Page; Sequence: 175; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <IMG SRC="image_005.jpg" ALT="" STYLE="width: 150px; height: 140px"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finally,
with your consent, we have relied upon the advice that the Company has received from its legal, accounting and tax advisors as
to all legal, accounting and tax matters relating to the Transaction and the other transactions contemplated by the Agreements.
We express no opinion as to any such matters.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
opinion is necessarily based on financial, economic, market and other conditions as in effect on, and the information made available
to us as of, the date hereof. Events occurring after the date hereof could materially affect this opinion. We have not undertaken
to update, revise, reaffirm or withdraw this opinion or otherwise comment upon events occurring after the date hereof. We express
no opinion as to the trading values of Company Common Stock, SIC Common Stock or MDLY Common Stock at any time or what the value
of SIC Common Stock will be once it is actually received by the holders of Company Common Stock.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have acted as the financial advisor to the Special Committee of the Board of Directors of the Company in connection with the MCC
Merger and will receive a fee for our services, the substantial portion of which fee is contingent upon consummation of the MCC
Merger. We will also receive a fee for rendering this opinion. The Company has also agreed to indemnify us against certain claims
and liabilities arising out of our engagement and to reimburse us for certain of our out-of-pocket expenses incurred in connection
with our engagement. In connection with our engagement, we were not asked to, and did not, solicit indications of interest in
a potential transaction with the Company from other parties, nor were we asked to, and we did not, participate in the negotiation
or structuring of the FrontFour Settlement Distribution. We have not provided any other investment banking services to the Company,
SIC or MDLY in the two years preceding the date of this opinion. In the ordinary course of our business as a broker-dealer, we
may purchase securities from and sell securities to the Company, SIC, MDLY and their respective affiliates. We may also actively
trade the equity and debt securities of the Company, MDLY and their respective affiliates for our own account and for the accounts
of our customers.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
opinion is directed to the Special Committee of the Board of Directors of the Company (in its capacity as such) in connection
with its consideration of the MCC Agreement and the MCC Merger and does not constitute a recommendation to any shareholder of
the Company as to how any such shareholder should vote at any meeting of shareholders called to consider and vote upon the approval
of the MCC Agreement and the MCC Merger. Our opinion is directed only to the fairness, from a financial point of view, of the
Merger Consideration, to the extent expressly specified herein, to the holders of Company Common Stock (other than Excluded Holders)
and does not address the underlying business decision of the Company to engage in the MCC Merger, the form or structure of the
Transaction or any other transactions contemplated in the Agreements, the relative merits of the Transaction as compared to any
other alternative transactions or business strategies that might exist for the Company or the effect of any other transaction
in which the Company might engage (including, without limitation, the MCC Merger as originally agreed upon in August 2018). We
also do not express any opinion as to the fairness of the amount or nature of the compensation to be received in the Transaction
by any officer, director or employee of the Company or SIC, or any class of such persons, if any, relative to the compensation
to be received in the Transaction by any other shareholder. We further express no opinion as to the fairness of the consideration
to be paid by SIC in connection with the MDLY Merger (including, without limitation, the relative fairness of such consideration
and the Merger Consideration), the fairness of the amounts to be distributed in the FrontFour Settlement Distribution or any other
term or aspect of the settlement of the FrontFour Action or the fairness of any term or aspect of the new investment advisory
agreement to be entered into by SIC, which is to be effective as of the Effective Time. This opinion has been approved by Sandler
O&rsquo;Neill&rsquo;s fairness opinion committee. This opinion shall not be reproduced without Sandler O&rsquo;Neill&rsquo;s prior
written consent; <I>provided</I>, however, Sandler O&rsquo;Neill will provide its consent for the opinion to be included in regulatory
filings to be completed in connection with the MCC Merger.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
upon and subject to the foregoing, it is our opinion that, as of the date hereof, the Merger Consideration, taken together with
the payment of cash and SIC Common Stock in the FrontFour Settlement Distribution, is fair to the holders of Company Common Stock
(other than Excluded Holders) from a financial point of view.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> &nbsp;&nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 60%"> &nbsp; </TD>
    <TD STYLE="width: 40%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very truly yours,</FONT> </TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD><IMG SRC="image_007.jpg" ALT="" STYLE="width: 215px; height: 38px">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<!-- Field: Page; Sequence: 176; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> &nbsp; </P>
<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 24pt"><B>Appendix D</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 24pt"> &nbsp; </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 70%; font-size: 10pt"> <IMG SRC="image_008.jpg" ALT="" STYLE="width: 230px; height: 50px"> </TD>
    <TD STYLE="white-space: nowrap; width: 1%; font-size: 10pt"> &nbsp; </TD>
    <TD STYLE="width: 29%; font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>745
    Seventh Avenue <BR>
    New York, NY 10019 <BR>
    United States</B></FONT> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"> <B>CONFIDENTIAL</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"> July 28, 2019 </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Special Committee of the Board of Directors of Medley Management
Inc.<BR>
280 Park Avenue </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> 6<SUP>th </SUP>Floor East </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> New York, NY 10017 </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Ladies and Gentlemen: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> We understand that
Medley Management Inc. (the &ldquo;Company&rdquo;) intends to enter into a transaction with Sierra Income Corporation (&ldquo;SIC&rdquo;)
pursuant to which the Company will merge with and into Sierra Management, Inc., a Delaware corporation and wholly-owned subsidiary
of SIC (&ldquo;Merger Sub&rdquo;); and each share of Class A Common Stock, par value $0.01 per share, of the Company (the &ldquo;Company
Shares&rdquo;), issued and outstanding (other than Company Shares owned by SIC or any wholly-owned subsidiary of SIC or the Company
and any dissenting shares) held by Public Stockholders (as defined below) shall be converted into the right to receive (i) $2.96
and (ii) .2668 shares of the common stock, par value $0.001 per share, of SIC (the &ldquo;SIC Shares&rdquo;), (together, the &ldquo;Consideration&rdquo;)
(the &ldquo;SIC Merger&rdquo;). We understand that concurrently with the SIC Merger, SIC intends to enter into a transaction with
Medley Capital Corporation (&ldquo;MCC&rdquo;) pursuant to which MCC will merge with and into SIC, with SIC continuing as the
surviving corporation (the &ldquo;MCC Merger&rdquo;). The terms and conditions of the SIC Merger are set forth in more detail
in the Agreement and Plan of Merger by and among the Company, SIC and Merger Sub dated as of July 28, 2019 (the &ldquo;Agreement&rdquo;).
The terms and conditions of the MCC Merger are set forth in more detail in the Agreement and Plan of Merger by and between MCC
and SIC, dated as of July 28, 2019) (the &ldquo;MCC Agreement&rdquo;). The summary of the SIC Merger and the MCC Merger set forth
above is qualified in its entirety by the terms of the Agreement and the MCC Agreement, respectively. References herein to the
Proposed Transaction should be considered as references to the SIC Merger, assuming, at the instruction of the Special Committee
(as defined below), that the MCC Merger is consummated substantially concurrently with the SIC Merger and alternatively, assuming,
at the Special Committee&rsquo;s instruction, that the MCC Merger is not consummated and that MCC terminates the MCC Investment
Advisory Agreement (as defined below). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> We have been requested
by the Special Committee of the Board of Directors of the Company (the &ldquo;Special Committee&rdquo;) to render our opinion
with respect to the fairness, from a financial point of view, to the non-management holders of Company Shares (the &ldquo;Public
Stockholders&rdquo;) of the Consideration to be offered to such stockholders in connection with the Proposed Transaction. We have
not been requested to opine as to, and except as expressly set forth herein with respect to the assumption, at the Special Committee&rsquo;s
instruction, that the MCC Merger is consummated substantially concurrently with the SIC Merger and the alternative assumption,
at the Special Committee&rsquo;s instruction, that the MCC Merger is not consummated and MCC terminates the MCC Investment Advisory
Agreement, our opinion does not in any manner address the MCC Merger or the MCC Merger Agreement. We have not been requested to
opine as to, and our opinion does not in any manner address, the Company&rsquo;s underlying business decision to proceed with
or effect the SIC Merger or the likelihood of consummation of either the MCC Merger or the SIC Merger. In addition, we express
no opinion on, and our opinion does not in any manner address, the fairness of the amount or the nature of any compensation to
any officers, directors or employees of any of the parties to the Proposed Transaction, or any class of such persons, relative
to the Consideration to be offered to the Public Stockholders in the Proposed Transaction. Furthermore, we express no opinion
on, and our opinion does not in any manner address, the relative fairness as to the amount or the nature of the Consideration
to be paid in the Proposed Transaction, whether (A) the MCC Merger is consummated substantially concurrently with the SIC Merger
or (B) the MCC Merger is not consummated and MCC terminates the MCC Investment Advisory Agreement. Our opinion does not address
the relative merits of the Proposed Transaction as compared to any other transaction or business strategy in which the Company
might engage. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 177; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix D-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 70%"> <IMG SRC="image_008.jpg" STYLE="width: 232px; height: 50px"> </TD>
    <TD STYLE="white-space: nowrap; width: 1%"> &nbsp; </TD>
    <TD STYLE="width: 29%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>745 Seventh Avenue
    <BR>
    New York, NY 10019 <BR>
    United States</B></FONT> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> In arriving at our
opinion, we reviewed and analyzed: (1) the Agreement, and the specific terms of the Proposed Transaction; (2) the MCC Agreement;
(3) publicly available information concerning the Company that we believe to be relevant to our analysis, including its Annual
Report on Form 10-K for the fiscal year ended December 31, 2018 and Quarterly Report on Form 10-Q for the fiscal quarter ended
March 31, 2019; (4) financial and operating information with respect to the business, operations and prospects of the Company
furnished to us by the Company and financial projections of the Company prepared by management of the Company assuming that the
MCC Investment Advisory Agreement is not terminated (the &ldquo;Company Projections with MCC Investment Advisory Agreement&rdquo;)
and alternatively, assuming that MCC terminates the MCC Investment Advisory Agreement (the &ldquo;Company Projections without
MCC Investment Advisory Agreement,&rdquo; and together with the Company Projections with MCC Investment Advisory Agreement, the
&ldquo;Company Projections&rdquo;); (5) financial and operating information with respect to the business, operations and prospects
of MCC and SIC, including financial projections of each of MCC and SIC, prepared by management of the Company as investment advisor
and manager of MCC and SIC, respectively (the &ldquo;Counterparties&rsquo; Projections&rdquo;); (6) pro forma financial projections
for SIC after giving effect to the Proposed Transaction, including cost savings, operating synergies and other strategic benefits,
assuming that the MCC Merger is consummated substantially concurrently with the Proposed Transaction (the &ldquo;SIC/MCC Pro Forma
Projections&rdquo;); (7) pro forma financial projections for SIC after giving effect to the Proposed Transaction, including cost
savings, operating synergies and other strategic benefits, assuming that the MCC Merger is not consummated substantially concurrently
with the Proposed Transaction and that MCC terminates the MCC Investment Advisory Agreement (the &ldquo;SIC Pro Forma Projections,&rdquo;
and together with the SIC/MCC Pro Forma Projections, the &ldquo;Pro Forma Projections&rdquo;); (8) a trading history of the Company
Shares from September 24, 2014 to July 26, 2019 and a trading history of the MCC Shares from September 24, 2014 to July 26, 2019;
(9) a comparison of the historical dividend performance of the Company with those of the MCC and SIC; (10) a comparison of the
historical financial results and present and projected financial condition of other asset management companies (&ldquo;AMCs&rdquo;)
that we deemed relevant; (11) a comparison of the financial terms of the Proposed Transaction with the financial terms of certain
other transactions involving AMCs that we deemed relevant; (12) published estimates of one independent research analyst with respect
to the future financial performance and price target of the Company; (13) a comparison of the pro forma market position of SIC
following the Proposed Transaction with those of other business development companies that we deemed relevant; (14) information
provided to us by the Company and its advisors with respect to the results of previous efforts by the Company and its advisors
to solicit indications of interest from third parties with respect to a sale of the Company; (15) the Investment Advisory Agreement
between SIC and SIC Advisors LLC (an affiliate of the Company), dated April 5, 2012; and (16) the Amended and Restated Investment
Management Agreement between MCC and MCC Advisors LLC (an affiliate of the Company), dated January 19, 2014 (the &ldquo;MCC Investment
Advisory Agreement&rdquo;). In addition, we have had discussions with the management of the Company, including in its capacity
as investment advisor and manager of MCC and SIC, respectively, concerning the business, operations, assets, financial condition
and prospects of each of the Company, MCC and SIC and of SIC individually and on a pro forma basis and have undertaken such other
studies, analyses and investigations as we deemed appropriate. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> In arriving at our
opinion, we have assumed and relied upon the accuracy and completeness of the financial and other information used by us without
any independent verification of such information (and have not assumed responsibility or liability for any independent verification
of such information) and have further relied upon the assurances of the management of the Company that they are not aware of any
facts or circumstances that would make such information inaccurate or misleading. With respect to the Company Projections, upon
the advice of management of the Company, we have assumed that such projections have been reasonably prepared on a basis reflecting
the best currently available estimates and judgments of management of the Company as to the future financial performance of the
Company, including that if the MCC Investment Advisory Agreement is not terminated that the Company will perform substantially
in accordance with the Company Projections with MCC Investment Advisory Agreement and if the MCC Investment Advisory Agreement
is terminated that the Company will perform substantially in accordance with the Company Projections without MCC Investment Advisory
Agreement. With respect to the Counterparties&rsquo; Projections, upon the advice of management of the Company, we have assumed
that such projections have been reasonably prepared on a basis reflecting the best currently available estimates and judgments
of management of the Company and of its subsidiary that is the investment advisor and manager of MCC and SIC, respectively, as
to the future financial performance of each of MCC and SIC. We have also assumed that each will perform substantially in accordance
with such projections. With respect to the SIC/MCC Pro Forma Projections we have assumed that such projections have been reasonably
prepared on a basis reflecting the best currently available estimates and judgments of management of the Company as to the future
financial performance of SIC and MCC on a combined basis and that SIC will perform substantially in accordance with such projections,
assuming the MCC Merger is consummated and, with respect to the SIC Pro Forma Projections, we have assumed that such projections
have been reasonably prepared on a basis reflecting the best currently available estimates and judgments of management of the
Company as to the future financial performance of SIC and that SIC will perform substantially in accordance with such projections,
assuming the MCC Merger is not consummated and the MCC Investment Advisory Agreement is terminated. Pursuant to the Special Committee&rsquo;s
instructions, we have relied on and utilized the Company Projections, the Counterparties&rsquo; Projections and the Pro Forma
Projections in connection with our analysis and our opinion. We assume no responsibility for and we express no view as to any
such projections or estimates or the assumptions on which they are based. In arriving at our opinion, we have not conducted a
physical inspection of the properties and facilities of the Company and have not made or obtained any evaluations or appraisals
of the assets or liabilities of the Company. In addition, you have not authorized us to solicit, and we have not solicited, any
indications of interest from any third party with respect to the purchase of all or a part of the Company&rsquo;s business. Our
opinion necessarily is based upon market, economic and other conditions as they exist on, and can be evaluated as of, the date
of this letter. We assume no responsibility for updating or revising our opinion based on events or circumstances that may occur
after the date of this letter. We express no opinion as to the prices at which the Company Shares would trade following the announcement
of the Proposed Transaction or prices at which SIC Shares would trade following consummation SIC Merger and/or the MCC Merger
whether the MCC Merger is consummated substantially concurrently with the SIC Merger or the MCC Merger is not consummated and
MCC terminates the MCC Investment Advisory Agreement. Our opinion should not be viewed as providing any assurance that the market
value of the SIC Shares to be held by the stockholders of the Company after the consummation of the SIC Merger and/or the MCC
Merger will be in excess of the market value of common stock of the Company owned by such stockholders at any time prior to the
announcement or consummation of the SIC Merger and/or the MCC Merger. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 178; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">Appendix D-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 70%"> <IMG SRC="image_008.jpg" STYLE="width: 231px; height: 51px"> </TD>
    <TD STYLE="white-space: nowrap; width: 1%"> &nbsp; </TD>
    <TD STYLE="width: 29%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>745 Seventh Avenue
    <BR>
    New York, NY 10019 <BR>
    United States</B></FONT> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> We have assumed
the accuracy of the representations and warranties contained in the Agreement and all agreements related thereto. We do not express
any opinion as to any tax or other consequences that might result from the SIC Merger or the MCC Merger, nor does our opinion
address any legal, tax, regulatory or accounting matters, as to which we understand that the Company has obtained such advice
as it deemed necessary from qualified professionals. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> Based upon and subject
to the foregoing, we are of the opinion as of the date hereof that, from a financial point of view, the Consideration to be offered
to the Public Stockholders in the Proposed Transaction is fair to such stockholders. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> We have acted as
financial advisor to the Special Committee in connection with the Proposed Transaction and will receive fees for our services
a portion of which was payable upon the rendering of a prior opinion, a portion of which is payable upon rendering this opinion
and a portion of which is contingent upon the consummation of the SIC Merger. In addition, the Company has agreed to reimburse
our reasonable expenses and indemnify us for certain liabilities that may arise out of our engagement. We have performed various
investment banking services for the Company, SIC and MCC in the past, and expect to perform such services in the future, and have
received, and expect to receive, customary fees for such services. However, in the past two years, we have not performed any investment
banking or financial services for the Company, SIC or MCC for which we have earned fees. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> Barclays Capital
Inc., its subsidiaries and its affiliates engage in a wide range of businesses, including investment and commercial banking, lending,
asset management and other financial and nonfinancial services. In the ordinary course of our business, we and our affiliates
may actively trade and effect transactions in the equity, debt and/or other securities (and any derivatives thereof) and financial
instruments (including loans and other obligations) of the Company, SIC and MCC for our own account and for the accounts of our
customers and, accordingly, may at any time hold long or short positions and investments in such securities and financial instruments. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> This opinion, the
issuance of which has been approved by our Fairness Opinion Committee, is for the use and benefit of the Special Committee and,
to the extent determined by the Special Committee, the Board of Directors of the Company and is rendered to the Special Committee
in connection with its consideration of the Proposed Transaction. This opinion is not intended to be and does not constitute a
recommendation to any Public Stockholder of the Company as to how such stockholder should vote with respect to the Proposed Transaction. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"> &nbsp; </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%; padding-bottom: 2.25pt"> &nbsp; </TD>
    <TD STYLE="width: 40%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very truly yours,</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD> &nbsp; </TD>
    <TD> <IMG SRC="image_009.jpg" ALT="" STYLE="width: 184px; height: 36px"> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD> &nbsp; </TD>
    <TD STYLE="padding-top: 5pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BARCLAYS CAPITAL
    INC.</FONT> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Appendix D-3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid"> &nbsp; </DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> &nbsp; </P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" $? 1D# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#W[TK/UG4H
M='T>ZU"XYCMXRY ZGT'XG K1KD?B6<> M2Q_TS_]&+3@KR2)F[1;/%-;\3:M
MX@NWGOKJ383E8$8B-!Z ?U/-9-%%>Y&*BK(\EMMW84444Q!1110 4444 %%%
M% !1110!J:-XBU30KE)[&[D4*<M"S$QN/0KT_K7T1H>JPZUHMIJ4(VI<1AMI
MZJ>A'X'(KYCKWOX7$GP)9Y_OR_\ H9K@QD%92ZG7A9._*=I1117 =P52U*]3
M3M.GNY/NQ*6P.Y[?K5VN?\9_\BM=?5/_ $(4 >=:CK%[JD[/<SOM)XB4D(H]
M *H4450@HHHH **** "BBB@ HHHH **** +^G:Q?:7,KVT[[0>8F)*,/0BO6
M=.O4U#3H+N/A95#8]#W'YUXO7JO@O_D5K3ZO_P"A&DQF_1112 3O^%<A\2_^
M1!U+Z1_^C%KK^_X5R'Q+_P"1!U+Z1_\ HQ:NE\:]2*GP,\ HHHKVSR@HJQ!8
MW5S;3W,,#/# 5$C\ *6.%'N2>PJS_8.K_:&@.FW(EC9%>,H059ON@^Y[4G-+
MJ'*RE!$;BYB@4@-*ZH">@)./ZUU%S\/M8M!?-.\"QVCQ)O\ FQ+O( *<=!N&
M<UBV.DZP;FVFMM,N97\TF,"(G<T9&X?@>#73-J/C6[FU!)-*N95:0;XC$VVW
M.\2X7GN<=<\5A5J2O[K1K"*M[R*#^!;P7R6L&H65P?M7V29HRW[B4@D!@0#@
MX/(S5#1_#5YKCW$5C+"T]O*J/$Q(;:6VF0=MH/7O6@OC;4KC4XI+/3K*.9[P
M7+Q0HQ-S-T&XEB>_ &*2&YU>WU2ZNK'PZEM(B-9W,422;5>7CG+$ACD8[=*C
MFJI:E-0>QS=U"MO=S0).DZQN4$L>=KXXR,]JBK1?P]K-O<06LFEW<<\V1#&T
M1!? R<>O%00Z=?7$(F@M)I8S,( R+D&0]%^IKH4U;<Q<7?8JT5;NM-O+*%)K
MFV>*-W>(,<??4X93CH1Z&JE6FGL)IK<*][^%O_(B6?\ OR_^AFO!*][^%O\
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MWKX6_P#(B6?^_+_Z&:\%KWOX6_\ (AV?^_+_ .AFN7&?PSHPOQ':4445YAZ
M5SWC7_D5KK_>3_T(5T-<]XU_Y%:Z_P!Y/_0A0!Y91115""G^=+Y8C\V3RP<A
M-QP#]*910!)Y\V2?.EY))^<\D]://F*!/.DV 8"[S@#TQ4=% #S/,5=3-(5<
MY<;SAC[^M.%S<*6*W$P+?>(D(S]:BHH D%Q.J*BSRA%.54.0 ?4"D$THC:,2
MR!&.2NXX)]Q3** "BBB@ KU7P9_R*UK]7_\ 0C7E5>J>#/\ D5K7ZO\ ^AFD
MP.@HHHI#$ZUB^*=);7/#5]IR$"26/]V3T# Y7]0*VZ*:=G=":NK'RI/!-:W$
MEO<1-%/$Q5XW&"I]#4=?2VI^&-&UI@VI:;!<2 8#L,,/^!#!K._X5QX3_P"@
M.G_?V3_XJN]8U6U1Q/"N^C/GJBOH3_A7'A+_ * \?_?V3_XJC_A7'A/_ * Z
M?]_9/_BJ?UV'8/JLNY\]T5]"?\*X\)_] =/^_LG_ ,51_P *X\)_] =/^_LG
M_P 53^NP["^JR[GSW17N2> O#!\0SVITJ/R%M8I%3S'X8NX)^]Z*/RK2_P"%
M<>$_^@1'_P!_9/\ XJCZY#LQ+"S[GSW17T)_PKCPG_T!T_[^R?\ Q5'_  KC
MPG_T!T_[^R?_ !5'UV'8KZK+N?/=%?0G_"N/"?\ T!T_[^R?_%4?\*X\)_\
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M  )B_P :5@N;%%8_]IZK_P! &;_P)B_QH_M/5?\ H S?^!,7^-%@N;%%8_\
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MN^B@''XU<*<I_"B)U(PW/5Z*\?\ ^%SW?_0%A_\  @__ !-'_"Y[O_H"P_\
M@0?_ (FM/JU7L1]8AW/8**\?_P"%SW?_ $!8?_ @_P#Q-'_"Y[O_ * L/_@0
M?_B:/JU3L'UB'<]@K#D_Y':'_L'2?^C$KSO_ (7/=_\ 0%A_\"#_ /$U3/Q6
MN3K"ZC_9,6Y;=H-GGG&"P;.=OM36&J=B7B(=SVRBO'_^%SW?_0%A_P# @_\
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M9XV@_<8!V=-_//'IBJQ\*DP21_:%W/ T>3'PK&3?D#/ [ 4__A*V_P"?0?\
M?S_ZU'_"5M_SZ#_OY_\ 6H]C/L'M8=R8Z _V@MYT?E?;1>8,?S=,%2<XQ4<_
MAN6ZO)I9KWY9%E0;4(95<8 ZXX^G--_X2QO^?,?]_/\ ZU'_  EC?\^8_P"_
MG_UJ/8S[![6'<L1:/-'=V=T9+4-;[EVI#M#*0!Z_>XK>KFXO%49?]];LB]V5
MMV/PKH(I4FB62-@R,,J1WJ)PE'XD7&<9;$E&:XSQ!XMEL[IK*P5/,CX>1AD
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0G KSL36C.6AV4*4HQU/_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>image_002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" %C 3 # 2(  A$! Q$!_\0
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M3 +-;D]"1T*G!PP..*[*OA3]EWQ+/X9^.V@-$Q"WTWV&91TD208P?HP4_P#
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M\R#V4^WX%#%+5ZW\)ZMJ%I%/!I.JSP3(LD4L=G(Z2(PRK*P7!!!!!'!S3O\
MA!]<_P"@)K7_ ( 2_P#Q-'M:?\R!4I]F9P&*,9K1_P"$'US_ * FM?\ @!+_
M /$TG_"#ZY_T!-9_\ )?_B:/:T_YE]X>RGV_ H4F:T?^$'US_H":U_X 2_\
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M1110 4444 %%%% !7(?!G5]+UGP]JDFDV']G6\6O:K;S1E]WF7$=],D\N?\
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M <@TU65FE!:^O^8.BVTW-_A_D>;?\+C^+G_1&+;_ ,+*U_\ C5)_PN/XN?\
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M8\3^)=/;R[ZP\/VJ7/\ 9[_\\YI7=(ED'= Q9?X@*\C_ .(E'X+?]"?\3_\
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MXB>,]#LY?BEK=QX"\&:5XHNM/TV>RFU'7)-02S*1VJ+:GRXK<W#M*[+(2NS
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M>Q\3^(/">AZCK#Z4;&XM;'79-*VK=0VU[-;"&X-O(R(QCWF/(RHZ#9LOVZ?
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MK7L?#W/AWQ/836,ONIO&MIAG^ZT?'3<W6O9,4F,5<9V5FK^MS.5.[NG8\?\
M^%]_$3_HA?C/_P '^B?_ "91_P +Z^(G_1"_&?\ X4&B?_)E>P8HQ5>TC_(O
MQ_S%[.7\S_#_ "/'F^/7Q$(_Y(5XR/U\0:'_ /)E"_'GXA_]$*\9?^#_ $/_
M .3*]BQBC&:/:0_D7X_YA[.7\S_#_(\=/QZ^(@_YH5XR_P#"@T/_ .3*3_A?
M7Q#_ .B%>,O_  H-#_\ DRO8^E%'M(?R+\?\Q>SE_,_P_P CQX?'KXB8_P"2
M%>,__"@T3_Y,I/\ A?'Q#_Z(5XS_ /!_H?\ \F5[#BC%'M(_R+\?\Q^SE_,_
MP_R/'?\ A?7Q$_Z(5XR_\*#0_P#Y,IP^/7Q$_P"B%^,__"@T3_Y,KV&DQ1[2
M'\B_'_,/9R_F?X?Y'C__  OOXB?]$+\9_P#A0:)_\F53UW7?BY\9M.ETC3_#
M4?PJLKP>3=ZYJ.K6^H:I:1G(8V=M;>9#YN/NRS3 1DAO*EQMKVS%&*/:1Z17
MX_YA[)O1R?X?Y&-\/? FE?"_P7I/AS0[1;'1]#LX[&RMU8MY44:A5&3DL<#D
MDDDY)))K5NHUFB9'575P5*L,A@>H/M4F,&EQFLM7JS1))61^2'[7_P#P;F:[
MJ_Q+U'6?@SXA\+VF@:G.URNA:]-/:_V46.3%#-%%+OB!)VAE4HN%RV,UX]_Q
M#H?M#@_\A'X3_P#A07O_ ,@U^Y^,T8KZ2CQ9F5."IJ2=NZU/!J\-8&<G/E:O
MV9^&'_$.C^T/_P!!'X4?^%!>_P#R%1_Q#H_M#_\ 01^%'_A07O\ \A5^Y^*,
M5K_KCF7\R^XR_P!5<#V?WGX8?\0Z/[0__01^%'_A07G_ ,A4'_@W1_:'_P"@
MC\*/_"@O/_D*OW/Q2,/E/TH_UQS+^9?<'^JN![/[S\%?%7_!!+X[>#?$/AG3
M+N_^&)NO%NHR:78>5KEVR+,EG<79\PFS!5?*MI>0&.XJ,8)(W/\ B'1_:'_Z
M"/PH_P#"@O?_ )"K]=_C^/\ B\GP+_['.[_]1W6:]8Q6L^+LQ48OF6J[>;(C
MPQ@7*2:>C[^2/PP_XAT?VA_^@C\*/_"@O?\ Y"H_XAT?VA_^@C\*/_"@O?\
MY"K]S\48K+_7',OYE]QI_JM@>S^\_##_ (AT?VA_^@C\*/\ PH+S_P"0J/\
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M%;Q'_P"%3J'_ ,=J_P#7C ?RR^Y?_)&?^J6-[Q^]_P"1^"GX_I1S_D5^]?\
MPX _9F_Z%;Q'_P"%3J'_ ,=I#_P0 _9E _Y%;Q'_ .%3J'_QVC_7C ?RR^Y?
M_)!_JEC>\?O?^1^"N<BC\?TK]KOBQ_P0_P#V=_"'Q%^%^FV7AK7TM?%7B.XT
MW4%;Q)?.9($T?4;I0I,N5/FVT1RN#@$=":[W_B'_ /V9?^A6\2?^%3J'_P =
MJGQK@4D^66ODO\Q+A7&-M)QT\WZ]C\%/Q_2C\?TK]Z_^(?\ _9E_Z%;Q)_X5
M.H?_ !VD_P"(?_\ 9E'_ #*WB3_PJ=0_^.U/^O& _EE]R_\ DA_ZI8WO'[W_
M )'X*_C^E'X_I7[U?\0__P"S+_T*WB3_ ,*G4/\ X[1_Q#__ +,O_0K>(_\
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MC%1S4?Y7]Z_^1+M5[K[O^">._P##>GPQ_P"@SK'_ (3.J_\ R-1_PWI\,?\
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M.=?R_G_F'*_YG^'^1XY_PTGXV_Z-]^+'_@U\+_\ RWH_X:3\;?\ 1OOQ8_\
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MPD;G_B:3I/>0$2:D\9B:2-&7*;XRN4=223O>!?A&O@']H*/XEP?L_P#QRO\
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MV*1)#(%7+(K$XRRG%<M\:_BQX;^+>IZUJ-Q?_$'4+ZX>>ZTF+49K<VVF23W
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0B@ HHHH **** "BBB@#_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>image_003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_003.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" %_ 6,# 2(  A$! Q$!_\0
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M1KSY_$SLA\*"BBBI*"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M12*%HI** %HI** %HI** %HI** %HI*6@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** *]C$\-I&DD@D89RP.<\U8JMIT<<5C&D,GF1C.&]>35F@
M HHHH **** "BBB@ K,UN:>**U2VF,+3W*1%PH) .<XSQVK3K*USKIO_ %_1
M_P C3CN*6P[^S;[_ *#-U_WZB_\ B:/[-OO^@S=?]^HO_B:TZ*?,PY49G]FW
MW_09NO\ OU%_\31_9M]_T&;K_OU%_P#$UIT4N9ARHS/[-OO^@S=?]^HO_B:/
M[-OO^@S=?]^HO_B:TZ*.9ARHQKO0KB^M9+:XU>Z:*0;6 CB&1]=M3?V9??\
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MSEP<YYJQ5;3HXXK&-(9/,C&<-Z\FK- &59?\C#JO^Y!_)JU:RK+_ )&'5?\
M<@_DU:M-B04444AA7-^+8;JZFTN"T5W,DK[D%P\(8!">77D5TE)33L[B:NK'
M'K=ZQI+VMC-<&6:-(@B>67^U%G(?YSR-BXYXZ9-5+B]U>2QM;B;4KA&N+2Y8
M*D*J-ZCY5Z9SC/7\*[NBKY_(GD\SBH;_ %&T,5BDLKA41%B:,EI(S'N:4OUR
M&..O;'4U'9:G?P6R![B6WB86ZRW+1F0QCR,]#GJW&?ZUW-%'.NP<GF4])N+B
MZTJUFO(_*N)(PTB8Q@_3M]*NTF*6LV6@HHHH *R_#7_(NV/_ %SK4K+\-?\
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ME89!'TK._P"$<TT<+#(@_NQSR*!] &Q3T>XM5L:=%9G_  CNG_W+C_P*E_\
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M_H$V?_?H4?6X]@^K2[GA=)7MLGA;1%O[=!I5GM9')'E#MMQ_.K'_  B6@_\
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MXUX)@>E&!Z4?5%W#ZR^Q[E+XAT@ZA;L-4LMJHX)\]>/N^]6/^$CT;_H*V/\
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MZU:R.N10 M%0FZA%PL!D42LN\)GDCUJ7</44 +136=4!+$  9YIL%Q%=0K-
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MOCC7S'<YAPN#@8YR>?YU?T.SDL--CMY8HT=."4.0_P#M5HT4 %%%% !1110
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MH **** "BBB@"O9222VB/,GER'.5QC'-6*@LA.+5/M7^NYW=/7VJ>@ HHHH
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M7=T-1OT*. 1;P-_RQ4]S_MGOZ=/7++6-]8N4OKE2MK&=UK"PP6/_ #T8>O\
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M?[I_A/;IZ5LT-6!.X4444AA1110 4444 %%%% !1110 4444 %%%% !1110
M4444 )67JNI-'*EA:21K>3#.YR,0IT+D?R'<^V:U:JW&FV5W)YES9V\SXQND
MB5CCZD4U:^HG<CL4LM/M5@@FCVC)+-("SL>K$]R35C[5!_SWB_[[%5_[#TO_
M *!ME_WX3_"C^P]+_P"@;9?]^$_PHT#4L?:H/^>\7_?8H^U6_P#SWB_[[%5_
M[#TO_H&V7_?A/\*/[#TO_H&V7_?A/\*- U+'VJW_ .>\7_?8H^U0?\]XO^^Q
M5?\ L/2_^@;9?]^$_P */[#TO_H&V7_?A/\ "C0-2Q]J@_Y[Q?\ ?8H^U0?\
M]XO^^Q5?^P]+_P"@;9?]^$_PH_L/2_\ H&V7_?A/\*- U+'VJ#_GO%_WV*/M
M4'_/>+_OL57_ +#TO_H&V7_?A/\ "C^P]+_Z!ME_WX3_  HT#4CU*&WOHD,=
MU%#<PG?!,&&4;^H/0CN*?I6IKJ$+JX5+F$[)X@V=K>H/<'J#2_V'I?\ T#;+
M_OPG^%3VUC:V>[[+;0P;OO>7&%S]<4[JUA6=R8G )/&*PA<0Z[<!WEC&F1-E
M5+#_ $EP>I_V >@[GGIC.ZRA@0P!!&"#WJE_8>E_] VR_P"_"?X4DTAM,L?:
MH/\ GO%_WV*/M4'_ #WB_P"^Q5?^P]+_ .@;9?\ ?A?\*/[#TO\ Z!ME_P!^
M%_PHT#4L?:H/^>\7_?8KG/$&B+J^JQ7D<^F.$A\K9=H9 #NSD885M_V'I?\
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M<%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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?T7W(UQD]_>N/%S5N7J=6&@[\Q8HHHK@.T**** /_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>image_004.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_004.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !U =P# 2(  A$! Q$!_\0
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MM[B-989%*NCC(8'L17Q[=0_9KN:#=N\MV3=C&<'%?8]?'NI_\A:\_P"N[_\
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MI3X?T6V\E#MR(R0I]"[,%S^5.-*35^@G4BG;J>U45XA?_$GQ[X7NXHM>TFU
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M;PI.<XSG/>OE"KI-5)<[6QG47LX\JZG7?#;PY%XF\806URH>TMU-Q.IZ,JD
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MS/9'15>G*MV=Y\,?"2^&?#,<L\074;T"6<D<J/X4_ =?<FK/Q%\6'PGX8>>
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M= T?C:WE*G;+9(0>Q(9P?Z?G7T%7F7QH\.R:GX=@U:W0M+IS$R =?*;&3^!
M/TS2H2Y9JXZT;P9XCX?M[:[\2:7;7B[K6:\BCF7)&4+@,,CD<9KZ(_X51X)_
MZ O_ )-3?_%U\T1R/%*DD;%70AE8'D$=#7U7X/\ $UMXJ\/6]_#(OG[0MS$#
MS')CD'V[CVK?$N2LTS##J+NFC+_X51X)_P"@+_Y-3?\ Q='_  JCP3_T!?\
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MD=0R,,%6&01Z4ZBD,\.\;?!^ZMYY+_PU&9[=CN:SS\\?^YG[P]NOUKSFRO\
M6_"NIF2VENM.O%&&5E*$CT92.1[$5];U#<6MO=+MN+>*9?21 P_6NB.(:5I*
MYA*@F[Q=CP"W^-GBF&,+)#ILY ^]) P)_P"^6 J*X^*OC;6S]FL2D4AYVV-L
M6<C\=Q_*O<T\*^'8Y!(F@:6L@.0RV<8/YXK2AMX+9-D$,<2_W44*/TH]K3Z1
M#V<^LC@/"FH:KX8^&=WJVO6UW)=QR/.T=RY$C@[0,DY(_&O*_'7Q$N/&L5K
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M_P# : .ACD2:))(V#(X#*P[@]*=7*> =3:\T,V4Q(N+)O*8'KM_A_J/PKJZ
M(KBX2UA:602%1U\N-G/Y*":S+/Q/I.H7'D6D\LT@(!"VTORY..3MX'N:V*XC
MP* -<\28 XN ![?-)0!V]%%% !1110!6O+Z"P@\ZX\T1]S'$\F/<[0<#WK/@
M\4Z7=0F:T-U<QJ=I:&SE8 ]>3M^E:LX!MY01D;#_ "KD/AI_R+EQ_P!?;?\
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MAL)=^7FB!?# \#=T^7O786\CS0+)) \#GK'(5)7_ +Y)'ZT 2UR7Q%_Y%?\
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M1^/K3 ZBBL[2;K4+BV5=1L'MKA5&]MZ,C'VVL3^8K1I 8NN^&-.UY,W$9CN
M,+/'PP]CZCZUS^B:AJF@>(X_#NIS?:H95S;R]P.<>^.",=C[5K:%=ZI8:;'9
M:GIMX\\61YR,L@D&20<[LYIL&DW.J>*8]<O8#;0V\7EV\#D%VZ_,V.!]X\9]
M* .FHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
G **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>image_005.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_005.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" ", )8# 2(  A$! Q$!_\0
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M27*PI06$QT,/2E-T*^'JU72E.=14)T9TXJ5-SE.48554<7'F<>>*<4M48/\
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M:P3:OIU_'#!<3!8V.U3]0?"O_@VL\#_"WXI_##XHP?\ !1?]O?Q1<?#+XD>
M_B-;^&/$GQ \/W7ASQ)<>!/%>D>*X- \06T.BPRW&AZU+I*:;JT$<L;S:?<W
M$:L"P-?('_!?O0?C[XI_X*^_\$C?#O[+'C?PK\-?VB]8\,?$NS^#_CWQQ8P:
MGX1\*^+V\1VTD6J^(+"Y\+^-H+O3TTV/48&AE\)Z\K2SQ'["6 EB^[O@%^S=
M_P '*7A_XY?!_7?VA?\ @H)^QUXZ^ VC?$CP?J?QE\%>$_A[X>L/%'BSX9V>
MMV<_C/P]X>OH/V0?"D]IK.K:&EY9Z?<0^)_#\D-S+&Z:QI[ 7,?TDL1C,/P_
MD4<+G>7973J91C)5<)B4EB,7+Z_F4'*FUE&-;<Z?^S0<L51?M'%>XE[6/!&%
M*>.QDJF$KXB4,514*M-WA27L,.TI)XJDO=D_:-*E-6N_>?NOA_\ @[%UW5_#
MG_!+K0=5T/4]1TF^@_:G^%!6YTO4+S3;AD7P;\593"UQ8S03F%WB1I(O,".4
M4L"5%?EM^W7_ ,$5=6_X).?LCWO_  4-_8'_ &[?VGOAQXW^"S?"WQ7XI\,>
M*?%?AZTT[Q-#XX\7^#O!4W]ES>"M"\%Z-?G^W/%&DW&H^!OB!H'CGPMXXT&V
MN_">J6=U]KBBN_TY_P"#M9HH_P#@ECH+SIYD"?M5?"=IHP<&2%?!GQ7,D8.Y
M<%HPP'(P3QSBOP-_X*0_L_?\%+?A%X;_ &1?B!_P5C_:A^+/[67_  38\>>.
M/AG=?$5?V;/%%IX9OO \=_I7V_2M,UOP+=?#WP=X?_X2QM FO9_!GB&^TS7K
M75;S3M8\.67B;P/XTUKPOJ5[Z'"WMWD^10I9AAL+0JYOG/UO+J]"&(J9U2I0
MP55X&A0J8>=&O6=)5J=*%;$X:TZ\72<YWBN?,>3ZUC'*A4J3CA<(Z5>$W3CA
M)2E5C[:<XS4H04G!R<*=2\8-226I_=I^P/\ M!Z]^U=^Q3^RS^TEXKT>UT'Q
M7\:O@9\.?B#XKTK3X9X-*MO$^O>&K"Y\0G18;IY+B/0;C6/MMUH0GEGE_LB>
MR+SSL3,Y7KOP"D^#\OP+^#3?L]R^'Y_@*/A7\/T^"LOA.:6?PPWPHC\*:3%\
M/?\ A'IKAWN'T9?"::2FFM<NUS]D6+[03-YE%?F.)<)8G$NG2E0IO$8ATZ$K
MJ5"FZ]9PHR3U4J4.6E)/52IR3U1]#3O[.GS24Y<D.::VG+DC>2MI:3O)6TM)
M6/QA_P""FWQ!_P""R?[,7[5?A+]I?]@SX/Z+^UM^RIJ_P'\'_#KXQ?LS76JM
M>^(='^)GA/XB_$W7I?B=X3\,Q7^A^)](U;Q'X5\=^&/"S^(?AW)X\DU>W\,-
M#\1OAW+IWA/P/KMG\#_ ?X&_\%0?^"KG_!2W]E']M?\ ;H_9;M_V(OV:_P!A
M>XU[Q'\-/ASJU[*GCSQEX]O6LM6AMH+76V3QEJ+7GB[1_ VM>(_$NN>$?!/A
M"#PIX,A\,^$K/4_$NKZ_KL']>/\ 2BO9P^?/"X3V-'+,LAC5@ZV CFT:5>.,
M6&KTZM&K>FJ_U2>(E0K5:'UN=!UO92L^:2C-<L\&JE7GGB,1*DZD:SPSE!T7
M4@XRBTW#VJ@IPC/V2GR<ROHFT?S1_P#!2S]E;]HW_@H5_P %;O\ @G[\&];^
M"WCA?^"??[+$LGQZ^,/Q2U?3+:+X:>//B5YDGBF+P$T=QJ2GQ-!-:>#? 'P]
M8Q67FVEI\2_B?"H-OIMVT_\ 2Y117GXO,*F+P^785PITJ&6X66'HPI\S4Y5:
M]3$8C$U>9ZU\15G'VC5HJ%*E"*48Z[TJ$:4Z]1.4IXBHIS<K:*$(TX4XVVA"
M*=EOS2DWJS^9WX,_LH?M(?L'_P#!??XR_$GX._!KQSXI_8/_ ."BG@)_%OQ>
M\7>$K1;SP7\(/CQ]H\2^*1JOC&".\COUOF^(]AXTO[2]73I]*T_2/VE[XQW"
MQZ%J?V'JO^"]'[(7[2_[4?Q=_P""56O?L^_!_P 1_%+1O@;^UI;>/?BUJ&@W
MWAJSA\"^#XO&/P8U%M>U5=?UW1YKFU^Q>'=<G$>DQ:C=[=.F!M@S0B7^CBBN
MZ&?XJ&/P.9*CAY8O!9?'+W.7M&L5"&#Q. IU\0E*+=>&$Q$:7-"2C+ZO0E)-
MJ2>+P5.5&MAW*?LJM9UK)I.#E5A6<(.SM!U(.5FKKGFE9-61@&!4C(((((!!
M!&""#D$$'!!!%?P0_P#!4+_@@=^T!\$_VR? 'Q*_8 ^%OC'XA?LD_&SXZ_#G
MXK>./@G\.)(X].^ /Q*\!^*+B>2YNO"$FI:?IEQ\.(]!\:^/+SX4:MIUK=R_
M#:RU_P ?_#J.W\/>';KPNGB3^]^BL\DSS&Y%B:F(PG).-:E*CB,-64G0K1<9
MJG*2BU*-6A.;J4:L+3A)RC?DJ3BWB\'2QE.,*O-%PDIPJ0LIQ=US)-K6,TE&
M<7I)6=KQ3.)^)=A>ZK\.?'^EZ;;2WNHZEX)\56%A9P -/=WMYH5_;VMM"I*A
MI9YY(XHP6 +N 2.M?PJ_\$QOBO\ \%T/^"8W[*I_9H^&7_!(+QI\0[>\\>^)
M_B3+XO\ '[ZS9W=OJOBGP_X6TC^R3X?\/:O9Q/9Z7+X9CN&F_MF.>^6Z>VVV
M+1"Y?^^"BGEF<0R_#8O!ULMP>98?&5L+7G2Q<\7",*N#5=4I1>%K49/_ 'B?
M,I2:>FC#$85UZE*K"O5P]2E&K",Z2IMN-7DYTU5C-?\ +N-FE?S/XRO'W[-W
M_!P!_P %K%\.?"#]M+PO\/?^"=?[$DNL>'_$?Q'\-^$FTU?&?Q,B\/ZI!JNG
MVLO@U?B#\3O''B+7-,U.*VU70] ^(VH_#/X9Z/K-CI7C34O#_C+Q-X2\.V1_
MK9^ ?P,^&G[,WP7^&?P ^#GAV'PK\,?A)X/T;P1X-T6)S/-#I.C6J0?;=4OY
M +C6/$&L77VG6?$FOW[2ZGX@U_4-2UO5+BYU'4+J>3URBL\RSBMF%.AAHX?"
M9?@,-.I5H8# 4I4L/&M52C4Q%1U*E:MB,1*$8TW6KU9RC3BH4U3C=#P^%A0E
M.HZE6O6J*,9UJ\E.HXQ^&$;1C"$$VVH0BE=MMR>I_$9\/=7_ ."MW_!.W_@H
MQ_P55^+O[/7_  2]^('[2W@;]KO]HV[US0?%.KW]WX:T4>%_ GCSXOZOX:U[
MPS<Z0VHOJUCXKM/BA//(U];6CV\6F63P$_:;B-?V6_8 _P""@'_!53]HG]HS
M3?AI^UM_P2ZU3]E#X-W/@WQ;K=[\7[KQ1K6KPVGB31X]/;P_X<-I?6-O;[M?
M>YNT64R%T^R'8IR2/W=HKLQN>X?'TI*OD>7?6Y83#X58^-?,?K$?JV&P^$HU
ME3^LK#>TC2P\%9T73;;O%Z,SHX.I0FG'&5W252I/V#A0]F_:3J5)1YE3]I;F
MJ-I\]]%Z'\I7_!<WX1?MR0?\%%_^"<W[8'['O[)GC7]I^7]F'PE\0-:U+3-$
MMF/AA?$5_P"(+2+3="\1:A;7UIJ%D;S3[J[OX&LTE<_95W QET.IX!_X*I_\
M%[_$'CWP)X?\6_\ !%[_ (1;PEKWC;PCH?BOQ0=2\8R#PSX7U?Q#ING>(?$1
M236#&XT/1[F]U3;(#&?LF) 4W _U0T40SZ@\#@\%BLDRW'/ X:KA</BJ]7,(
M5HTZM:OB+\M#$TJ+<:N(E.-X-7C%2NKICP4U7JUJ>+KT56J1J5*4(T'"4HPA
M#>=.4TI1@D[276UGJ?@5_P ''_[)/[1W[:7_  3UTSX._LN?"O5?C!\3(OV@
M?A[XNE\*:/KG@_P_=1>&M(\*?$6PU/5VO_&_B/POHQ@L[O6=,@>W34FOI'O(
MV@M98TG>/]1_&7[,O@/]HK]C*7]E3]H#PPVH^#/B'\#- ^&GC_0B^GOJ>D7:
M>%M+M?[3T74#'JECIWBWP;XALK3Q!X3\0VB7C:%XIT72==TV1[BQMI:^KJ*\
MYYGB?J.!P,.6G#+L9B<=AZU-SCB%7Q+PSE)SYN5*G+"TI4G",91E=R<KI&_U
M>G[:M6:<I5Z5.C4C*S@X4^>RY;=?:24KMIIVLC^>+_@@]\%_^"@7[$>@?'+]
M@C]K?X4Z]?? CX->-O%.O?LD_M+VFO\ @/5O"7C+P5JGBJX36_!L.@Z/XUU7
MQWX;LM9O;^'XI^!]-\0>%()='7Q+\0/"FL:GIL?AKPEI=X5_0[16>8XZ>98R
MMCJM&A1K8AQG6CAXRA2G6Y(QJUU"4I*$Z\XNM5C!JG[6=24(P4G%.A1C0I0H
MQE.4*:Y8.<N:2C=N,>:RNH)\L6]>513;M<****XC8**** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **_G#_X*;_\%Q/'OP/_ &CM)_X)Z?\
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M-#%=Z?IOC;QS\31!K%K$EM;W\GPO\-1R6L8T"SB@_KVK^(SQEX@^.G_!M?\
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MDLKQ;>\MYX$_IH_8F_X*'_LE?\%$/"GCCQM^R3\2M0^)7AKX<^);+PAXOO\
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M%8ZM<?M /\(+?XLKX A\'^ Y--/AF\UUXOBK$([A-5/A ^#IDUD:SY@\)_\
M$X,0,Y+EV78G 9ACL=0S7%/"XO+L+2P^53I1K/ZZL7S5'&KA<5[14WAXVBE"
M_-9S5TT\7B*].M0HT9X>G[2G7J2GB5+D7L?9VBG&I3MS>TU=W:VB9_9+HO[4
M_P"S[XH_9RU#]K?P=\4_#/CC]G73?AUXK^*UQ\4? T]QXRT1_!/@;3-6U3Q?
M?VMMX;M]2U>\U3PY'H6M6&L^&+73I?$^G:]I=_X;N]'A\06D^FQ_DO'_ ,',
M_P#P1;E"F/\ :Q\0OO *A?V9?VK26!&1@#X)Y/'-?GK_ ,&H_A>^\1?L[?\
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ME3IXN673E1@J'L\3>C/EFHIT8PA%)+E?+R:.-N56Y6FM/@G_ ((;_M(_%_\
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!V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>image_006.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_006.jpg
M_]C_[0 L4&AO=&]S:&]P(#,N,  X0DE- ^T      ! !+     $  0$L
M 0 !_^X )D%D;V)E &0      0, $ ,#!@D                %  ))1/_;
M (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$" P(" @,# P,# P,#
M P,# P,# P,# P,# P,#! 0$! 0#! 0$! 0$! 0$! 0$! 0$! 0$! 0$_\(
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M @,!     1$A #%!46$0\'&!D:&QP2#1X?$P4$!@<(#_V@ , P$  A #$
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M_6MGS?:FDW%O-+OSN/;N7XW#*3WGIG4-F.W4/9C;9\DZH)?Q_4UG+S@
M          .#^_.<^?0          !P.7SGL?H
MX/[\YSY]K8=I663^+LP!\?U]GP/Q!^P
M
M                                           ,=;/E<7N:J3/GY=<3
MMJVS7PUI5=[^HLW\';2%4TFN+W-59_X*V%)/U&BLY<):[]5,@      "#;JX
M'Y8_9SN6G=!VXU\.N@63>,L0 (N+Z)!/U<"X_P";70   UZE8<)LQV@@[0
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M][F-*70RXJ+^)(K2R8FNEA<MC]E.YR9'O<QI2Z&6
M
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M6;XK>@AZ'VT>R-Q-G7/[6MLI\/::L6&G:F!MVMK]P
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MEEZ=12Y\]-X#[\UHG:M4+'3Q.7S;6NWSA\I/[-J^P7=C7;+U^[?VGD2!4\D
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MJMX  $?=KHD$JMX           TAL]&W%=N[-C]  $?=KHD$JMX
M
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MW]Z=E@?DIX
M                                            _]H " $"  $% 2RS
M#1>RG&@1EC+%H*!:,(@B ((1#$:D5$!T4D5'AH 8A^SE^A(%P::*)./$:0<0
M+1*8]1KV<OT-$L* 2F/4:]G+]&D'$5[  &8*C0Y5 84:2*E*BJ>D4I=%HE9H
M-%E&'#-(.(J6B5F@]G+]')E"?1:)6: !1AHSDRA/V%$G'B-(.(%\((1#%[.7
MZ&A6%!T4D4GA-(.(%H*!:,/LY?H!1AH_9R_7LY?H2!: )212>$01 $$(AB-3
M*"*%)%)X?9R_1J140$M$K-![.7Z$$0!!"(8J-3C4)I)I(NPI(I/"((@"["B3
MCQ>SE^C4R@CY"8$Y9:!0]NB=2Y.=7$"1/54I&H(2CN%)TE*#SQI99P')O,;S
MK<\@D]Z.RTU F)N4[G=4!"Y+;7GKE\[JU].3VJ1K%+XK5D6OIQ>U2-:K 6N:
M]%%".-Y4C$BK<RGF(.1OB4TLUN6OZBE43'[K?&OGHP^\[F\RQ^ZZW(NXKG,]
MPHQ^ZV;WO<_T:MKSUR^=[6)*0K4K !*5Z0>>=EIJ!,T.QK@8])BTR],$#2UO
MZ8*A'HDRI+2VOBE8K>JT0*P7&M$-U6&(4IMP+#BK:\B\M=%@&[WA<_=6UY%5
M<"PA2M>%*\EC]UI;@5FJKD3E^'MI.7T7%V<DBM<\"7I>RVO(N'G^RVO/.[LH
M0'HCZ.J$X'2-^0&QV,;]%+FUS"]-0$6K;2\1.Q:\]P6D5<&Q!YZX#!E)$RA,
M]HVE(:B3I/>ER>0TU?8M=M^?N7SNK7TM<6M.I7N+6>DM?1ZIJ\<_#5EI-,P@
M!<[F"*I6K9"/K/XZ4<AC&8)C]ULKM0NH6KH.MS>98_=?M=ETZK$2K3'[K9O>
M]S_1JVO/7+YWL;SR4RIO<$*LT]V:BCJZ0>><#DA!%'QL3@0T,=76X JC@--#
MAH%:<252G$ #6W'MBG3V8L$K*[VX?=^K:\BG=?!N2IKH-;<_=6UY$]T:"SW-
M<WJB&/W6@4M*DVX3%G6;G$UO,3NS<N"]-!)!79;7D7#S_9;7GG%6VIS5%P)R
MR?D%N3-BQ(GM\M,>_.!*B@>#2U?>5=IH=S%YBM)X5\N3R"92:D.1+2EQ"3WH
MX(0N! &)O2B=GHH1-M>><6<#@=]V"M6S3A5:QEK5*Q@+2I;7T^^]&XX#FVGD
MB3G!$( DCHC<$_W;0<3E[>TIS31G&:8_==?I9';K4N;S+'[K^[)6G5J W 8_
M=;-[W<FP+CK[L%:9"J$.[BS@<#ONP5JM.%=-B_V<<H-ZY^D'GKC\AJW4O22F
MW(JH:BN \Y5<B35/<C:KJC5W DH>D*[VX?=^K:\BX>?8W;DU<_=6UY$^WBSS
MW)E @3,?NL@\:90YD <6UJ*;E!8;:*YGUR3^&]B$B;-6UY$^WBSSUS"6D2^S
M&_V/;7GKE\XTIDZM8[IDZ19\@\:_ZGC7Y/XU[*. $S9_L3#_ %7"464K0&)"
MC4SJF6&N"6B-6J4$H$BQ;17H/]5PE%E*^QC3D%DKDU4:KX]F1@6+%[EXP&N0
M5 M  ##\%M2^,6/A! P?$$=+K*>AU_A@ (P2@I$U)M" (-$@ 5:>U4>2@1*'
M0)Y-  ]A?$(J4$M=VLDWL2 !5I^$U*$X1K6\Y(J4 3M*+X"XLL+5VLY",UL7
MH3$!Y7>N@@I79Q2DJ4[6C*"6J/\ $'Z9  ,<5]*!6M24FH4R]*Z&41&U7'N*
M5M-=TI *^V$:6KJ0F-2-24FH4R]*Z&>#,\:#^JY?.Z:$PSUSFH"J7"6M*PAS
M;?!:!_5<OG=%%B.,>>8JCF$2UO;$Y"Y.TI *525,E,"2H1.)K:C!5T\:A3&O
M*(M$K=B"B!)DQ V5N2$53DJ$3B:<4(@X !&#."V-=:)T3F1;9A745G$'& Y:
M"7J$1*1H$48:E5HAGK$527!08C:A+TZ8:72  D36S\QY P"+&MH@0Z$6@6(4
M0T3GIM0^-6"<$%!N*,"14XEMS:LYT:QR,14.=CEC6WFC,1&JTZYL4&G(P$N:
M\U*@..J74W5NIPF*AH$:Q0,CP"QX4(DQ[;T:MB$]&N/4%= _2HMN&A5$L@2*
M?A]&C3%)"U+.H&K0&IEAP6QKK1.B<R&%,0J4DJVU.&ND'GG!8:A>W)$2<2B]
MSMR0BJ<E0B<34J$LXIG1EJ#W%#5.X.Y2=*/32KJ:A3$GNZX:MG)$M1IQ)4B1
M(8S'K4!J5:$0VI0G3-J7L2_AU"H)<4YB<Q(K?O>;,J&0K?3Q>([&'WFX>? *
MH;=;_/TI3[S*A"&I4?/;E*5K5SKX1M *H;=;_/\ _P#3@_JN7SI98S1J$RE"
MBJB5!'[+<.=TIX1J!_5<OG=,90 CJ_.5:MSF:O,)&8V+W2I*%(T#,-;*&/U1
M-%#:/)O>W+YQX+&8424:5;S0,PULH8_5$HH;0](:$A4\H#Z*6<DQ!2V_.]CH
M$1S:U%F%:0>><C0D/KM5U >I]JB(()$H.<G0U"<%^<J"?"05,>_ZDWX=8/>3
M(> IT/J_$&JO'=2Y?/-WGRS@$7"XMJE,H(0FC5EF"(=7<H9SN@4K!&#;3#%P
M@B )B'06@-;AU[A-+-77 68>I2A$!I8_>CCY_3SY#5/P_0FK@RIVY6H.<UI/
MMEY0'T4LY)B"EM><++&<8I2G(S4'GGWWHVN D)JA(0G:V@9AK90Q^J(A0<B<
MGBI")*WFIE",XT1YNF;R#$8716>W+$YI@:M[&1^&]#5#1H'!,%2$M"I-3:2_
MAVE>&DIA+R4_>\V[S[[[T[&'WFX>?:_^6W-;:IHL"XAJ].38K\<["HE1-"*I
M12E,Y'&-?_+;FMM4T6>TJ>V?HTI5J%@TZDY*9[<=-*'!8KT%Y<P@,,,.']&E
M*M0L'JBM0%/H Q%C/4&J3##C3J%F&$C&].8PDJ3TYM:U%52K4+!IG):D!5P6
M"*+,,)&-Z<QAK6M:Z3.*U)12L5*ZIE:A&/L3.*U('QZOG+&(H9YYJDU.YKDH
M%*U4KJ0H-2F#&(P>JJU DYZDY3H*M0!.G4')3*UK6H'IS $PXTX:E4>L&68,
MHPTT9QA+NX$ -5*#CC'9P-H>O6*1^V'+IMZNJ14:8(XVE:AK5Y<JEZ(=5Z8O
MQ:GD(/-3&F&#-,T<K4*"]>).\.2<:0,UW<3@:3.*U)12L5*ZIE:A&, A!&Y+
M:KE!8Q%#//-4FZ"K4 3EF&$C&].8PUK6M3#C3M!.- 7V$JU"<O1;PY% ---.
M&%6H"FT8I/-)3JE"429P&G2Z"K4 3Z ,98SSS5)I9@RC#SS5)O80>:F-,,&:
M, QEB/<URDO1+HO(+$,8QT>G,-!O+D8  QEB/<URDO\ G671CZ8T#,6D4T9^
MCV%IP%I$25!4@3<W+B=%(21M&O#,:6KFW 2A*3@4I>TUKJF;->RRDZ+3<VC7
M"5A3@4:2!3"4="V].J! C3!0-Z(A2WI#$;:@\:8!$T+M=$SJC1LZ&KD@\";H
M !&#<RB"%FD28)XD*+VBI"2P&C6I!HE/@6U 4Y-Y:8+<WE* 50-R\E(G K#V
M4I4553:2A2%4 (T +>,$XH1(%!2%M W*Z-?2[&YM&N$K"G H0-Y!B<")J<*)
MB:&*U*5C2'*?#]9L3%K%BHH)*GY35_A[2Y,C( 46(XU]J$"C5N_4/K7C5/\
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M", '01!%V5-*IKK%:K6E*=8K76*U0TJNA& #JE:5I6M*4", M", '76*T$P
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MY^(R+6+&['S!G,N\8T6TK05,@KBN!!GI\+.6'90<&;'/+&PYOA:-':3L]<A
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M <-(.6!]7*WG5+]1;SQ\L_'I[56X;#^*!BB>Z_DZ)K_ETP925;]3K0_!@6C
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M0T>HRN74?AH97;L@B4!J%BKV%VHLE%=JW37>S7UO <PQO,JEKT&2=C=Q!MP
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M!BX!#DEA%DPVM*T9A/5BJC7M7Q3"OW)8Y^>^2>A\=<ASI1.'\GF,+W9'=*N
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MLHC"16MAY73KZ?>A:-SG.& \P*R (JJJQS#7[_\ Q ]EADLM9EF:Y' PBIN
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MZ:Z.U=I]W3O<-RYSGEF-97EYIUUQE458C.J<:CB(>%7V38?J8$JJN6@=(\:
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M$&^HV3S1H6Z?N[:.*08V*[<Y[43<A\8M/*-R+)LHM<SOX5=-D6-;2R+(,*#
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M=D><WC1FIZ*!;V=O5QHBK/E5='7R&OJE+NDFD$.S<T4=RM5W6(XO[QL;J+/
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M 4BF2BJ;@M6&ODQR7$(=RIB7-O1P&J"G<=[=TD:[FIIN7Y5_U-<;?\J<;_\
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MC4=AE)[Q:W'+_C;D&:L$&?8Y%IX_TO-.87@291AJZTD6C8='2HTF*DDD5'&
M<RA>PF \H6%@6YX$NYD3".1*H4"J>_!YUR=7XYR576<>&.WE5KC.\K8QS2#!
M[:B='8AG:$#)CE&>/($,X#B>A!&"5B$$4;VJK7C(QR*BIX*GV3[BXG1*NIJH
M<FPLK*><<6% @PQ//*ERY)G,$"/'"Q7/>Y41K4UZ'6<,\>!/[=L7),K<SS/(
MV'K)T]YV_J=O E.1[(<QJC:2)5((DDT<CG25!N109I:X55!O<RK,3R*PQ*DD
MZ^7N<FA4\R30U1]),->S86@Q"=^,+P?^FWXI.Y.L8_'=E65]8ZQL>,:BLQBV
MFU\87ZS+*./7"]9LI4, U1PHEU+<]J_AL>_Q06;I6"HLBJ;61CF748"D-$AW
M,:/&F,D5Q3HAR5EE FB*+=JHW*\2N>HU<O*O / L'C:P#@E7!R".+*8'EI#:
M5U7ARSB&LC6\4,@[;;*F(QB,1>VO^]5>I#/<13\9P,#^GY[HQL/+&?:+D22Z
MY*\9$':3'>2=#63N^3]-&^/VU=+5UCLSY:S%KQ8;A47N&V[R)$!<7HXBK-97
M$G/0,< D\Q/.CABT1A2"QJUYUQZMQGD62(S[.OK2)H^(Y^^NE3X#-XZ:U+&>
MB2(C2E03VZZL5RB'0^V[VW8A7YAS%=P16-K.M%8:!C48\5UD"*V&65 A>==4
M"68>1+.R-%CN'\A7%_#QF\]S&/XIG_%N06_D;.ZQ:)5@E4JRR.+Y&)/HXM6"
M-8UT5'/CBG1'LG,$X:2-^XK,\Y:P:5!G%K.,;C.\4FR K*K9B#Q\EU3R2@0@
MG'AR6;'*U'-5S%^*=4/).#47"DO%LC]4]+D3@AKI1/1[FQH9O=AGO^Z';8U9
M437])J(OP7JF)SG%H(?)2R+;UN/C#ANI61TM):5"Q%%(E-W.J4"I/G7\3=U?
M<CX+Z7]0UESC4*.ES"=80' M;<$"4A8S#QGN=V3*K51Z:.3_ .KKBW.\@\KZ
MYE^"8QD=OY$"QH?J%O4QILI(L=2%<&.AC+M:KG*B?>O]M/=%^[:T_E?AO[.6
MJ[FCB#^;:HQ2^;"P^?Z5<U+K :RYX35CB6\R8#)'0XD<!5LH.R(7NZM3:YFF
M99U9^-?AV+WV3S&_,JD!1UDFR()J,17N(9(^UJ(BJJKHG7)?-.4O%.R_F#E.
M[M+&V5CUE3*^G" 01$,9O=0$>]L++M"1Y!"&J:*BJY$,=@1,/([:',P;&E.@
M45HD,1$1Y.TURHW7737PZX9XGI@,M.0<QY3A3\=J .$MC(C!J+;&^P/>K4"R
MTN\GAB8KW,:]X_\ >+MI:HCT(2LJ:ZO>1-="/A0PQG/3<JNT<H]?%=>N%?V*
M!^4>1NGC(QI!D:YCV/:CF/8Y-KF/:[5'-<BZ*B_'I@A,8(0F-&(0VHP8QL1&
ML8QC41K&,:FB(G@B=>XSDC$QBD8;BV.KCUA;Q',=!??-K\1Q-H&.8YO>?;6&
M+V<ACT:\;TC/=KXM5>1"(P7J>$-K,_I93V(XD*5CDT;K$\8G@\$@N.RIH4>U
M47\7^!53KB_.YYUDW,S'VU.1&>Q!D/D.-23X]<2WC:JL8MA,K724TT3:9-$3
MX)T'V:^WZR\MD]V!#<S9]'0A(7'V&N0;K"K23%*PC;65',-)+6JU=IQQ6N0I
MB*#'^.<)A+$HZ#AE!(0NUTRSG$Q#?87%D5K6--8V<E7%*Y$1NJZ-1K41$)08
M_*)"R7E6R)A\>6 W9E0<=;$?+RJ9'5%[F\T/MP=6Z*Q)VY%1S4UQKC*)DEP2
M]G)&L,_S:+AUT^HL<LF!:VP,262,*W-3U3F^6BJR(K4CL1^FYY'*_D.!=P+/
M#4Q^1E [ZNDAE5\BCC0B6!9T>0Q_:>)(HG+\4TTT73QZY&]TON-MK*7F,RW=
M'XPQ"!36&0EQN"0;@MGH_L@JH[*&D>"#!53(17>8+L[FQ_4V?QCE#+635(%;
MFBG1CU>05"2%>T!)M7+:TBQC.8J-.%2QW.3:C]R*GVY??P9B1<LR0*X9A>UP
MO,,O;T!Q/LP#*TC7K15;#S/%CF*\+&N_3ZQ^%;Q'Q<JY":[-LL8]# EQGWD0
M0ZBI)O5#1BU5 ,#",3;VY3C+\555Y6X#Y;K)5YB=CD$3(:/*\1+76]I&"6,Z
M-7R[BM6?%VBLJ<<=Q0?A2X9QO_#,,K')Q=D>%TQ\9XP]OI:K*IDZ\FU\++++
MR5^&\$]:^'.F.V6MQ518K!1U)Y4"$*0['E&-O&%39[#T_'. "N8\.29[AH:)
MCF3WT*5"!V'B9,'D=O%([7159&UWZM8WKG6OGQ!S11.-\DR 0B(BH*;BL%^3
M5\MNJIH2#-J1F3[]6=4D8LR0]\K,!X*LAINT5*&#GUA:QX;E8Q'$CL!7,B[-
M4U"FBJJ:M7AC&@#CC=7\:X@^;Y358Q;:PI8EE=2@JX0'N9,MYARZN8UR[]53
M7KW$XE4#2!29-B\R]LJX6QH#6-I!P7,O458B._')/NY3TT5/^-/_ -K[+##*
M%W_Q5S+E.,<3XZ#;N61(R6P0]D%W@[MAE4U=(CJ33Y7';I\RMZQ#!Z@;15F(
M8U28U!:S>J>6I:V-7C>KBN<4CR-C[G/>JO>Y55RJJJOV<P9E+>*=C/ F*6N"
M8>(K"D2KN&6<?&9LN$TS'A$^?)2]<X[%8]XR,:F]FJIQMSQBAZUUCP%D,B]G
M5EO,%&B2ZRRG8_,9*$,\B*DV3!ML?C-6,(C#2 G?LW/8QO5M&QO!LL'R;?4-
MA3MI;<%:_%:6QG07126,FY!9MEVM5'=(5XALC"/(V;']A%W]<P%M9+199G&.
MY+F$H5;;!EAI8^9U-'B=>"'8UZFAOD#H@"D$>!S_ ,8JM:54:QR<8JP<=LS)
M/J7*;(L?56R3VF36HX)"JX0G+(#11(@7ZZZ.%HCE:B+UQ%/I1I =R'@<)^1]
MK8UMRR339QC3B24T=N48L6B:?!=T5J_[/7N1RZWV2$P+&IM+3,.9Y30)*/Q+
M%X18+5!V@QUIHDY"(CF*UTG^/N>[K,+.5$'(D8GD6$WM:=R)O@2I62P,8+)&
MJJBHI(&1&"NFO@7JHHK]1V%KE'M^KE%*FC&??D=+CP9=#:&:J-:IPW=5'D;D
MT<CTU1=?'J@@VDDDJZXVM9W'\PQ4T*6OK0Q+''7ZHJ]QD>AM 14?X*YT9==5
M^9>L!X(JK@=$G)<]+?-;8A#(&%B5781HD$$X4,9YI*V=;O?(-VV*Y65NQ$?O
M5O6)\,X;DMOC])41QP1Y->8I95E1:VQ]KY]W<V"C=*CR;><]Q"'DA$(7P56#
M:W0,F,84B-($,\>0 C# . S$((P2C5PRB*-R*UR*J*BZIU8\;FQ+*,BSZTPQ
MMY2D$RHCX@QER^XK(7J=D6U=;H^/+K7/*(<!Z.&J(A-571MG9W5+<3>3+M<U
M8S'K*'<5M57.K8-7!K'6M=(E09UD/R)'R>R]6!(_L^+AN<ON!YC=PWR!GV)7
M.*PL4\]0U5I'K8[3T_&]L>T2Z6GG5IPPW8J8+V;VZ.5=7)L5.K!F&GL*;*:8
M"2KG#,B''!=Q8+C)';:0W19$F':52F>UKBA>K@N>Q"L&KV;NK>_M#)'K*.LG
MV]C(730$"MBEFRS+N5K=!QPN7Q5$\.N1O=+[C;:REYC,MW1^,,0@4UAD)<;@
MD&X+9Z/[(*J.RAI'@@P54R$5WF"[.YL?U-G\8Y0RUDU2!6YHIT8]7D%0DA7M
M 2;5RVM(L8SF*C3A4L=SDVH_<BIU5^Z,U>#*<#Y5I_0+RH#9Q!9'"/"Q^II+
M4-7#D'$7\$=)"F@,]'QGJXL9S@JHWIB7MMX%QFV)9Y]E%$2PNL[6IQN-'?!W
M3XU; VW$QC3#E,1T@[W?H!<*.,[S,<F:<7TZ3KZ5B_M]L,(KD $TRPN)-1A*
MTL?R\8+'&-)GF FP0V?%R-8U$T3KCGB'E_A3E+'85+(OP_6):PD0,QM_EESD
M_?!2W<2F,1E?&O40C12#$<T>YK5W(WJES7"[F)?XQD,-LZIM83G*&0%7.&]K
MF/:PT>3&.-PC!(UI0E8YCVM<U43,/VDP?\R0NN!/W2X)^78']M/=%^[:T_E?
MAO[%VN:[1RM7:J+HYJZ.:NGP<U>N=VL:KE3C/)R*B?W@H#RD=_M,&Q57_83K
M 4%MWLNLZ;)T9M53?65R]N]=$[CO+/'X^/AHGW=9%R#FUD.JQO&H#YLX[E:I
MCOU042N@B<YGFK.SEO8",%%U*8C6_?U;^]SF:M/6"DD+7<'8C)U<"LQT##Q8
M=XQAD[CH<.-)*R(3:-)<PLF:C&M<!7=<*_L4#\H\C?95<'\0"/>\]\P-]%QZ
MJJ';[/'**Q<6'+R)VP@_)3)*,*&"4KA"$K#2GN1D5R.K<+C%'89+8D;>9Q>#
M3Y;/(Y(!#,*(JL8]*FK$-(\5'(BJQBD<F\CNN>U>YK$7B?.&(KE1J;R4$T8V
MZK_&>]R(B?>J]8\^2[<&1E^:&KD\?DAI;=A[?%K?_P!0 =?O^/Q^Y)4<,@D,
MQXQPBEB1KBQ2%$YC) VOU8X@'.W(B^&J=6MM3^X7G6IM;T[Y5Y9UMW @V%S*
M(8TE\FUF18HI%B=\B00BO,Y[E>]R_%5Z_F0_GEY7_P"8?KW\XGKO_P >?\WO
M.^G>J_\ Y'_@]O\ ZKPZ]FWU<25:<;8[<R<1S"XFF*CB0/-<?^HDGO$Y2CE6
M]#42RJ\>KE[+_O1-;^DM<$X]KL AXG8SXEA74U+71Z.&*I(8&04]O"CL?"D1
MP,:5DH1-S]-55R*NON9Q:,R;/$*/RA3X9&5RHKWV/'D*?8TM;JJ?A'L9KG[/
M!BGEO\?F=TV\%BV(W.?ID60U6<V-C5U]I=A_7#$IH)"3@'D1*PV/2 JP8]H2
MN4B^+]^F"4'#$*%1UF18P8F>8WCO;!3PS6&,Y/.N81*Z/MBUL;RM57V7EVHU
MC9&Q[4151.LMF<.\GX-1<9GL!+B53:P,%-/AP&P8K"LDDLN/+B<YSYS2O3N2
M2NVN3Q3X)6P_<#>5>1\F#L+=;.VIA5((!X!)Q'U#!#I:>B@HX$%6L=I&8[<G
MBKOBN%\(@;ZCQ9P$T]SGC$V'KK&QADKYV3QI3.X4!@2;+T['WC>QI1$\UI\J
MZ]9394HFOM:O&KN=4A[;7M=80:N2> +M+\KFND":FWX+URAR9R%54'(/+K^0
MI(9TO,(\+)+2NI9=+6V$:Z!$M1RDAR+^XL+(9);6H\OENWNT:J+[8;_@R#5X
M5E^8Y% BY=CN*!!"@SH5CE='1A\SCT)!Q@#RJ'93HQ48,:2%#O3\5N_K@KE&
M\EI6X?R'C;,8E61"/;$\\:ON\+/&FK\ QJ^7;U,HA%T$-'H]RHC7+URT>UDB
M$?*,:F8-2Q7$:T]A:Y8)U2T,4:O8XSXL(YI)$37:$#W::)U75LB*[UVN8'F(
MT!4,)X:29EDFYW.:9@G(2-A5EYLK7-1$<UR)NT:Y>(;^)8LGGK<)I<6ORO>O
M?!D&(P 4%PV<A-'CD$D0._J[1'C*TC=6/:J^Y3FW'WMDX105DG%8ML+>2-9V
M)7X]CE42&=J/C&B3:W#YDI'(378HE1NC]6]>W;BO7S%)P]C-_P ZY/&>-'1G
MVKI#:K$%\-7.G5-S"B'3<C1L'*\%<Y=J?9[T(YF(R:W,F(C7,_$8P.;\@,E,
MWZ?(B%</<W7Q73^#P]K7&68VYZGB#(,D@3,O7SBUT%XY674M)>64V4CFHQU%
MCDE[AD=_Q=)#W)^DO60T-KQGQUC^)U.-6DV/<U]#34TK'6QX!Y'KL/((P S8
MTH*IW7G4RJ?Q[JO1SM?<-QT61*MVU)<II<!#)5VHB@QFGRH6.1)/WQ_67HX;
M%U[2R]->VK4;C./#L&RKOCJWR'&+J,]SO-112[J?D-$KF/T58CJ>W&(+V_AK
MY=S$7<-Z)12L7(R;2\'8<Z+E-G'5YHPY5157Z%BC,+NA\P'*,S!"(USA[7!-
M\7,T=R?19#+2OJ^<,3+)Q=QB/2+9V5L.AOX2JY?E%(2QQVU@AWZ(XR]MFKB,
M17X.\K2Y#R3E>.5=+5B7?.D HK2+D5A,'&:[NDCQR5X *J-=^+*&WXN3K ,,
MNU8*TQ;BJGKKOQ<T,>TC8Z-UL-'F:)_9C35(U'.:Q=K=51OPZY:.]W^3R9]5
MAC,\?EF QX#YSOT=/G#(C_>OP^"??U[=C<LP(4KC+)L3I:5_K1/\B3;"%<9J
MR/5SM[D&D8=_;5[CL?\ @N')3>NUS].2K&VPS#:.3A^)3[##+:!3U5'-J+^.
MB.I(%7+@QXY1AM;/MQGQFKVSH7:K==%3C.RR^?V(]?\ 4E76V-M(''9]/UV6
M6M93#=(D/8UL:*T:1(^Y4_#$QJ>&G5[&Y4QC&+:E2EG>=N[>#"2?20!1BE+9
M5U\X:6%,: /<5APE&X>FNOQZY4@6$@JXY3YO /4+(.18T.5-HT->B A?P(P4
M9'C%>C7:;B*Y4375P)D*0"7$DB8>-*BE&>/("1-PR@,)SAE$]JZHYJJBIUBP
M>&O+A :LFOY-!CRD]$;=%P[)"9,.6."Y8#&K&;7D.W1!);>+T\QJO7FO;GR%
MA^+\=I15@O3;V%ATB:Z^8^6MG)1]W@^13NP4;PHU.^C=6KHU/BON0Q[W!9%3
M9KGMSA&< PUV-!H(K'U1\*E!])5M!CN- ?+E6"$1.Z-ZN[B)OV^"-O!8MB-S
MGZ9%D-5G-C8U=?:78?UPQ*:"0DX!Y$2L-CT@*L&/:$KE(OB_?I@E!PQ"A4=9
MD6,&)GF-X[VP4\,UAC.3SKF$2NC[8M;&\K55]EY=J-8V1L>U$543KE#'N=10
M,BJ\/HK:/QYB62N$>CERJ=F,,IZH=-*W0[()**SL+5T9S7-*9'&>UVB]&Y$J
M,5Q7"^0J#(L7BXG;XW K\:M+)\FT &75N]+'#6S;$J^]*&CD<^.L?>Q6INUX
M2O\ -;,9,JRSC_%YAY$YX8LV]GFHPRWS!@<H_,RIT1OFG]INBHY7HB-^'(8>
M66UCL%3%[<MP^T4;4#VX)W1CUSW.88=V.1M\DH%21YG;V_GTZR]MBZ6M(/E"
MU;CB2O,*-@UQ[''VK:_O?A)7^?<JZ"^3S*F5?G5W68?M)@_YDA=<"?NEP3\N
MP/[:<H^Y/ZZ]4_G)QN5CWT7],>2]%\S+PV5YOZB^H9?J.SZ2V]OR(-?,:[OD
M^<HNX07=&\?="Y&E'O:K>X)RHY&D9KJBZ+X]<E)(Y-ON0FY]D4:X$*TC$A K
M4A^?3ST@3[*R2?DUPV<GJ$U.UYA(XDV?)UD&*W(6R:C)J2UQ^UCO:U[)%;<P
M#UTX+V/16/:6+)<U45-%UZYR]M&6G<N4</\ )!Y\9I!M"V7C.30P#@SZ\;2%
MU@3)%2Z<FKG.8VQ'JOS(B4-:3FUN!X-C_P"N Q&+Q\6^\_?/:\3[JVM%SND9
M,(",]1Q1I%8D=KR>+E>JI'AP_>SR%$AQ "C1(D;%LC!&C1@#:($>. 7,+1!
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M),IPFD032R9E* A-&[7D12*G<<K_ /R*S'!H<4$C*(P1Y+@[BN )PLLHVE-
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M-PGSA)Z)!DDI,/H^!P[%#")(C&DQ$GR/IA5RF 50*T70+GG#]9YP_6'#M4D
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M2K>RTT!JLD09@4CD@[D.5VKH9 1#3)PTXAHE!H\TL]%[XA@ TE?U+52S<D:
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MG(U)GNGWBI1VBOWD"[D$14TY#3QZ^%H]U%MV ONN.B1T G1!'XR2%1 @:E<
MZ 7MB$Y$2Y1.21#73QZ^#H'BC8G.5X9+ F "@&CIC*0"0,(R,(GSE.?RP$P
MH!H./&_#(842(T$T],1R42 E)6 #?3':ND1$]$RF(0@<#@.',^%#H@$@=$%]
MD8Z<Z5)5ZL[PR$  $ 4 &F2B7!#((20NGC':ND1$]$RF(0@<#@.',_\ VQZ>
MQD"E:G7;-4F!LZCU< Z*^B+0'5'>/%+#-LAR2(\)$C$:$68"M;!+2BXT$['(
M_JLK5T$9/"!,#$R)%./C1@2D%D3SYZ8$H=<3F2ILTC)#C43SD& 71MEL$PH
MS<4)")4IO0XTIVR,PNX@8,2/\$2HOS>+[G3@[R&"#.2$VQ'I$E0;1KP#38T
MW!/,"LT%K8(0RT(>_J=&">G@VT;!2U(3<&GP!JNR9B*BHFG@>ME88PR@3HL.
MDEF%A*3CX[T4.O"17424:P/3GOM P@H-N@6&(9_7332[A)UT$&R'!;_1KM2.
MLX,TB[*PC '#S)+A)CFAG/GH4I22RD1J8,(=1 +56 ,":+&54":O-AB"J/!3
MF"Q<>B):/=XPX&-<E.(/L2NI68PN@J(PC %D1.I[CK$!LT1)M%[Y)89,-Q#$
M1(%U:W+NA JZ(%EL&P NXH2$225@E$-IP,.I)I60"Y (++>D6A:>"*%$ 0WH
M2DT"TLF"0"Y)"81&'P.FJ8 M5T!E,L#' <GX6B2#;(Y&BM1""]%X51H!(/ ,
MT#U3'*&)Y4&E*4LX1$?G3A%BCE"$%/1U[PH4Q3T!F("YC[\0TV- -P3S K-!
M:V"$,M"'OZG1@GIBP0@#V3?,%#-V0Y/P="2)W7;N*3-*P741BDD+<WE1L3$R
M@0PX3"3;KIX%HCF8[8]X.<@;!"CTZ9,Q&YMA G5U_P!LBIO9(R@Z!$JDJ1>6
M!B?5 ?G)O P<;#52EF!7)8C#WF*@[#LW)GJ5SZ/PUFW'<AI4S>3X^3UQIUJE
MP@@'J##'; %1*M/</1/!+,<<X:833KU.8A8Y[($4.@<& #(R&Q1 /NSW",Y.
M"6,V(Y<IN9R1()$(DHA.LYQ4H1/JT6Q7M#C 2>93!N!)4V;/%!TIS1N134U[
MLEQ/HJ)EURJ^B&)V%YQ(RSATK:PD6(F0K'2"E1N"P?JP @N#M6F%[JO2/<=6
MXT2FET!'N*.# (!ANTEOF6?760[,/)W$H'>B,)>4*[)>TCXCP#!8WV DCK8K
M$8E@]TKKU\")&EXI)"G$+!F&6G)SBJ)2 .L".X08F"7("4*S8TA3ZT=\9Q(2
M80=2/"J7%1),Y#TPQGL'K4RGKA!=R]SKS6X.L*-"!AG/5F#L<08T2"!U"(^X
M?;!4:$,;QET4GIO(F007N/11KIX>^?&@I$U($'='C)9&E!!H 6@H":Q$8<,W
MX7")@(:I2\<<:A2B+($W0W!+$P'9F0QTA$S+%*P4#EI3R6"/9/23P,VJ ]6C
M.*E")]6BV*]H<8"3S*8-P)*FS9ER1E&8IL#THITDPX-*$2)=C6D:)+14!P8F
M>$0"MT$\XG?"A/J6"VDP7;C]FP'8Y]'!YOU_]NBOF*9.[IA>4R _*] +7@O"
MQ0HOJ=-03N(1D\'T?ALQOJ@+#UXD+A L8"7P)T>KM[O3/-^G&H.YZ_U8((MX
M?U("(*(#0HUTSSS)U-]\IF$07(0CT^1B$3'*J70=SR.\2XLK>PE[#V#"HPHE
M((D&M&7!MBS<H2%MT<U7&#6@S"++$06HX,1Z"P48+2FYYRW5ZW8":1Y13.A%
M0?1;PPP,*H@(QN"AF-[<1MEQJT,KV(FIC3&##S@Z&P[P,?'&'#,QV62_$>L8
MV74-,T(A:33TOMD>! =^GV3\-X])I*KE<C0UP]/ /-OC81=V%>W3?A=#60)P
M=*)1C0=T/6(P0A"]@0A63B'%#"T.;$.L'O$[ERO1=U1/@S_28XI$D5,3=-Q"
MZ[.N'( CZC*.I>_X<TE35 *-^4"\9/?;FX4DQ-QC@<_A5^_!U7(4$2"?L$>F
M)RQ&5$8@9F"6>-X>^U(7;[A5[X>II$MO1-(]&G"KC5&X 7J\>@8B,-.,MH.B
M=.U]/6QA1*1% H05?,\>^/<?O,DFSQ$:>-85&%$I!$@UHRX-L6;E"0MNCFJX
MQ>$2^0FT++D$=.7)(Q.8)LPR$H"\S#D7(,$L! 3VU>2\<+N9U'3K-1NL.NX&
M)FFG,1NXCB,^C@\WZ_\ M/> YV*(][7>C#H]WFJ*($<D2VSBCR0)L1D3WQ1*
M'-S; 9C0F@,5C+:V?H'(<LW15RH06U95R+DH0(0 Q 7$ZYS;CHF+<<GM;[81
M-YP?Q.3W(*MS\1@]) 9I$! LWL]<%6Y70:*72&#IJ,G.O068T$]@#V\?.QV_
M9/ME^)%DB.Q.1_R6&(46VKW4-KZ^[R\ELJ_0= T&@K$"H N@"+ANBZ:N<-+M
M3MPNI08* N EGP%%&V64[!LH$*ZF;CP,FG'T"5%@[#W<("7NW,* B;@"]SAQ
M28A+Z!*]G9D8H(B^ZA=PLQQ=X! PESS/7*PT$8$:6;)NWLQBY5 :&@NORRM^
M$*BU),T92"(B-M=/$%Q(D56\1VTBXO1D+@Z2PW"?U"<.'[9([58OW6N2#+*_
M@#@-!B'ZPH\%*%HB8'JN0EFC4.8[L6]@T&1*#BZ'Z;CTV.=)Q_W"0@E-*E3#
M&)?@HUWFN!_5X[\P?&244LP[^")RD D)F'])">[DR-C8DG:5]5.HXQV'E)@>
MH-N[R-CM[&V]%F:MW<EP#V T!P& :"FI8 )ES77V(QZ$N2:)NQ;88X#@)9\$
M"H N@"+ANBZ:N<-+M3MPNI08* N EEHI]'<3##$QR)VR:Y$0O1$.26%F)J')
M!Z&J(%&^W]X+,=6(C:(YUUQ+;)5_!T H"@HS@UCD2;1U=,[N*IB1B8)B=P?]
MPB \OB&HG,R1S([/^!$17K7@\"5>J]C_ ,F+":FH4%34FGAAR_:U3N._\V>
MARUN9W!+T(Y?_IP.#0RBBI@7CI@54Q3:S1-Z5CLVI/AC_C!0+7#R'BA##IQJ
M BF4<C8/UA9$%91238/U_P"IAL00@( W&FF_TX2D4LA!"T.Z6L,2$#4J@MP9
MPL)D*IUHN)NMX)4D#5K!;E;(R")8)9V<5Q(X1137!(VP?)E1(R")8)"=G"0C
MR23-+-FV#$5I@ (2KZXD*;C-B>^]G0'1S"[!,U#!80*A$>H[COC^0WV3L^'>
M:QD $@TDHAZ7D_64CD"@6E6@QS& 6-KH1T:ZZ0<8LJEJ28DJX8-O!D7=<U6D
M I;7L^&"^%  E54 9 00D0D2ZKH7A',UC-&26QQ  RVS$$)Y56]L*D(3) *@
MG.S2#VP)'($!-]2:>S"<Y(MM)TFI$D3N.5=UPD^HX#E0'+AY8DZK+H%<PO+J
M\?@H "570&0$$)$)$NJZ%X1S-8V9#(TCYY]S#*S<R"L"*YF#E><^I^)GF71X
M#6&8>!C< *Z3$3)-.*VE22% 6D$B>3TQE*4223H*)[Q,<[,U#-H ]BIO;6'3
M%"@H$!+;A" EB03<*Q6V.NKR".@YS9RF2RTEZP$-EYJ%A0:GD.TE_P#I0E;4
M7+90!+:G=#1@;Q>9$L)&D5/I<SC!I$DPQ06R&3PC+P) B$4JU00:BB-.,VF,
MI!BA0P,^B,%Z4()2TSB@E70!>55BT<26BR >XIO"_E",F$=% 6O0#(F),G3*
M.U5/KW-*(< D2!(>1/R%GA:X2=$!OF!-C/*8&]T6*V63Z*J1")H9P!=9LI*U
M 08&)M0EQ K[J/=5Q^S#IHDE@[N<UI!Y"./@/C%Q6P;21$](!Z2<N?1\!@/<
MI=BL?A'OB=ER;+3,X19!P6IT%V/L :#+(@F'52MVQ%3J6(EF+2NELH ;X4Z&
M(Q&#96?@#@. HQ<*:FY$0JTA&^IK!Y+"&)&%'M6.77)'#19[OSA/2M[%D?"G
MOB=ER;+3,X19!P6IT%V/L :#/J?B9]3\3/,NC"%<H9)K;=Y#U0$)F(8VY/JF
M*FI:F.N3IO H3/$)Z<V+:X5",WE$R&N(>HPY.%&YW$!/QC5U3DLS.YQBE$)*
MA36.J!+V,DS-7813[?C7_I3+K> FZJ"3&AU#.6%^FI<3M[KBH&$<B=+S?)V&
MO!9A3LS>MU9^P9<1!87B#9!*WL8Y*M1M595>JX<L7A:1(")(!MNF-1(W/*91
M];'UP,C&%DMN*6UKN# *VM91[A3U4G;1<8$9 "8A*+:[H%8:IP($].PJ4A=)
M@E,@/BTBH690\"4(DF<#O-$C$#!39H%%LQ.9!&+"#0'ZR9<G1!>:<!IY]<G8
M.DJ0H.Y^KIG$/0,/MBD!SP?.\@1#3*O0&TG%<Y!^HD0=8_22,(*,1B=*:BX-
MT )+=("@.%D=@I,HJ#50 1J8E<GC(.@9("T.V%] DD@39)\FX08=9*R&L]#K
M5ESRG0%8M)TGW2'>^]: ,_Q-ANGPF<CC(.P8("TNV&C@*2(;P_23,(*,1B=*
M:BX-T )+=("@.%D=@I,HJ#50 1J8E<FKYH&A- ?K)J^:!H30'ZP!%8!@01$N
M)B2)PC$K2]V=$(B9YF*C!'1P%8FI@=[1(D4)&0224@PD I,]QN^,*S8&P!QA
M72D-RC(9 $,*ES,"*==9U"QH@,P20\!;>V HZM]Y *5.@>("TF?XFPW3X3/_
M ,__ /_:  @! P,!/Q">0.JP8-^0KYUD^1.I?@H@)39@!)'3@!2 MR3$Z"/A
M!BNBAC(4!<]L_P!,P9(+V> L(:MC!80[,^$%%+4H9_IF$'EX$7(**6I0S_3,
M%A#LSXRI .6L1K2_'SK(H!U&<4"6@R3@AN,<%)PH/A/('5HP>2!T9QP4G"@Y
M_IF2,4-PSC@I.%!R?8!RT9(10W"/@+"&K8P6$.S/\P"D!;G^F9-D7@3P3AK=
MH8+"'9GP40$ILS_3/[R?8'5UG^F9_IF*""T68G#6[0P$DCI,1) ;<E0H=&<3
MAK=H9_IF08KH(XX*3A0<_P!,P 21Y, 4@.7$OR%?.L)@#LSXIPUNT, )(Z?$
M6$-6QG^F9I>'1'_HF[X8/4&?O JTN#?Q_9AM@0XLB?[P'.'R\&%&]WW?]N2*
M7KZ.O/2,\VZ.#4AM.1=0V=/\9I]'Y<^[_&(V0!:CJ=1ZY/2]$PGT&<IC$/+5
M=O\ >?4_C'G.QXXS(6=)%*='#*IZDC4=#PPN19TD4ITR?TA-W)CP5: K[9LT
M&XX'[_>&]-[1\1^\+NZQX>HGGMG111[<.,6,P>MU]'XSSG9DZ?U/'EKXZ9YK
MLSS78SSG9@A/VF)HUI,QQ/0.N><[,\UV9OYN?#ZG\8\YV/X.5)AQJ'KCCRH7
MUCP\VZ.(V0!:CJ=1ZXQ1EB&/U&%9)))>8Y[^O7&U-L'2#G]XXK.'0>?QX'H"
M'S#), C<<H<!UPKEA(C9<Q<]/S@$_:8E<A"U[=1R7 0EG#./J?SBYNE/+^G_
M #USRCIGTC]Y]3^<2_ &DY,2Z2D6G;H'3/.=F3AB-Q%$]# \T3Z(G]YVI3ZJ
MI^L*-4+N)=(_O\8C<B1#O9S[=/'ZG\X\LZ>/U/XPR 1BHZ#R/7%$2H1Y]'SK
M*)B08=D_]"$!AYZG1R&) Y*\^N3^K8]3^\CY*WIH\]LOC30IS4?&'(IDIDA3
MN?O//NCAAR+'Y,&M/!ZG*\]SMTP@]F63[S[O\9M]7Y/"CM*'O ?G.5TX><['
MC@>43!!ST#(L!,DG"%)X8X+WH0TLUDBFBY:]?7_?@!=(^PB_6 9M!^)G\^'<
M9/M%_DQF-Q,>FH^9P$,!P9YSLQ!'I3KW._Y_+.58AZDF_3[SS78SSG9AP>=Z
M9S/1%K$3.\\YV9YKLS?S<^'U/XQYSL>*P21#*<]3!T4L%FX>ID;1 AP17&&L
M\VZ.:2C<I5<F)$2'*J/2<7M%UEV_EQN$T2AW?UBA)F*(QY7@ </AY/;$-A('
MHZ8**33))]\WPG:[GHQ]9O\ 1S=ZOR>'U/YQ^G](UZ],:9['8ZEYK/I'[SZG
M\X@ZH$(((],352(DW)USSG9DZ5>Y/<<E[M9;/3M^?;-)!IZ8A!(<GER=$KMS
M5P^WC]3^<>6=/'ZG\8:0QNQ<'3+&CF%5[*_]%?P!)$D\ZL_&0<$1N=UJ#$ 6
M(!W&U3V_.,Q32^GSP?.?[DP_*BPS]:#+"D)]E#\9M]7Y,8ZGZ[F?"QZF?=_C
M$4V$;CD_K!6%U05Y]L$TQ8;9ZOF9SZG\8=!<SN. Z=L[+Y_QEAX"Q.)N>K/3
M(B3JF>)Z>&>:[LT')_P5'I'3-)0G 0)&G+YI-1:=D\]\I_2XO\<E(KH/)@,8
M!!X><[,-&2$K;.G<[>?3S78SSG9@%0^?\8:.AS.\\YV9YKLQIC0YC4]N^=E\
M_P",DDB2^<'07,[C@.G;.R^?\863X0HH9U/"=3KE@S )]#P\VZ.;?5^3PC!H
MWZO^(^\A] 3"1/,88A!,*16]'3-B[G[/W\X[9ES&SU-?UC-J^H\Q\9O]'-WJ
M_)X?4_G'EG3+(6:=>YWZ]?S](_>?4_G -# -]#TR==2[G]9YSLQUK$?YS2P7
M^A]GZG $A<(GTK?QDI /KSZ1^\. 9$34K6NF2$&AUW ^>/O/J?S@&A@&^AZ8
MB"6N>@O3$>J1$<=WWTXSZG\8\YV,4A+,3T.N"0AF)ZG6/^B@W_Y,&_\ KX-^
M#!,4CECE_7/6/_PHZ<0$74SP=<,2BV]"YCOC" )9Y@\TSTQ7*7?J4X:C50N7
M^F/*9,;3$=,=.("+J9X.OB(5D,#'X?,F"9R7Z\_^ IVD';O]9:"%RU-7'MX2
M(MEQZZQ21)!CDZ/\BYS1ZNO[R8C@EEAC_'W_ ,/$:,3J>,E-3G&O^!$D!:Y(
MQ376'7S!K=^ A%,4]G>",H-CA@Y_@/&:(7*_UC%3<+(XQ)NR.)G<?\*5$)^!
MQY2RR>L0OK\>G@(R@V.&#G^9%A;!,#T\SK.D;X1DB"8 4EW\ZKK_ !>Y4*$T
M5Q_ I3-NAAE7-'KA>AY.CYUF[TPB&G9+.VYQ@RBTX>_U\<8)?J/1Z\?UZF.*
M2-KM??P9U$BRG9C4$J/Q@UHYNAU\]')Z"P=/$Q_?%S6(>J?X_6;,P!HZ/^H]
M< O/$]3CU]>2,"R!V!I>>D<WDXK8>U=?4],&M'-T.OGHY/06#IXF/[XN:S_?
M#TQTYYSL>! [*#JI&;!PE[*S'M.2/1K#,[4Z=>N6@Y)]2>_QCISSG8\'.@*^
MV14&1"4H<?KVQ$CY"/C\9MB,#]ZG_6 ^>&*=!*<!NN\/F\YI@%(G,2UAYRF1
M[QB S:%!1OE]W.6!"]=7]X;-,(]",VU(G?\ TP*A;7H>1\LYS3 *1.8EK"U(
M#\XRJ E]LF.AD"L;7S_:@@3%(5WP7- IS#<_K$,E.XBJK)$.'B;^L$9A"P-%
M/;6 68;FI?\ .)2"6"J7$?W.$5$"OM,_C)T461$7%O.O]:QN)!W!J_ E?I)B
M8OS>046X>YYD]^V FD;,<@@4G#H/'K;D'5Y6VWSK7IK(8:(#2'IT]C"@VM'J
M^9P3] .T?Z],:HAWU#)2.P)T40D=WO6:L11Z05Y<AKF#ZK_G!CM@=#K2?OUG
M%SVH8CTDP"I"8BN_*?61JF1CN3^S(N"6C1Q#W;P$%,"7JQ?3P;>']'^8P=8#
MK<=4C-NG))CK4[S:&IH98+ER*OP3K6W%\0)':P]&<&P'Y/"$2R9CK#DP  YI
M$Z]6.N!IXVV0].OGT92I<@3DKT$SVC>3'0R!6-KY_M00)BD*[Y/4,/:'"B>B
M%!WN%^L,\VZ.=T.'HRO.*G;H\Z^[SSO; J%M>AY'RSG-, I$YB6L(2D4C%24
M_?UBUW@>?KWP@2P_#GXO&982%4>WQ[> (%( ]2_OS.3H44'5\VY:-> 8[3CF
M%C(</[_STQ%Y-%1/)](E],FN39$':"6/;$<@)+[9)Q^8_P!'GT\<QXMZ7K_G
MAO4YP63X[.>:[L5Z4'FKC%;#LKNF(^O'S79GEG3 1U)]G[SRSHXZ>N=2P ^,
M\MVRH$N!VS3OJ_K[P$=2?9^\\LZ.?OETYYSL8Z> MQ)7!DGU2?+Z9(5 EAF#
MVSI)O=_&_;'T/@[Z_J??'3GG.QX;)7Z//P. $,_=_O"8R9;63SZ5./0T9.SL
M^'#Q41'>8)[U]8$LA*IN]_,^SB? \OWB4]U/22,U^AGG.QCB1*QV><FO,(8Z
M\<"60E4W>_F?9Q/@>7[Q)MQ7IQB;X@>YBRA31K72?OOB;9),6!"6^^5'L_#X
ML2@L@79*_>3T!L+,\VZ.-S@)[KA(8B, 65C?QUR/BCPU6T]<T%!<83E4M*\_
M48E AZRU]X#=L>WOYB,U\C6>>[8^P?DP[9,7TA/W\9' -2C G%XE4@;C4QGW
M/XQY9TP,<LGQ#BI !8U9N#IC#G:LGV];[84ZD2X"Z#23O+..7 "?26*>14TN
MGGW,TZAQS[3ZX )(V8W*+#LH_J/?)6!K4WZ1O)/21/2 GZQ>A)(I5%_6,Y(D
M'VSSG9GEG3P\UW\#K@FD&1T)!;^?9R %J0$5], JI!/<@GXQ90IHUKI/WWQ-
MLDF+ A+??*CV?AQS2"7T,GI)K/-NCGFN[#HJY='UP (B/>M^?7 ED)5-WOYG
MV<3X'E^\9\HX=\$$M(;WJYYZ^V;K0>>M_P">V"M  ]O#S7?#P,P([$_W?;(H
M0B64$]<(+(R\+>OGZS[K\>&7T'AUBL-4BEP./?SO(H6CWU?\,MRG:=%_';XZ
M9YKNSRSIGFN[Q\UV9Y9TP29(]C=_"_&/(50,[KC!1:$_*GS61!!A%NJQ'B#W
M!5_1]X8BGN8 Z>?3KD'$4 GF7!)DCV-W\+\8\A5 SNN,GZ*?E^U>G@R*"SM;
M]UR&LG24_"9YW]F0B#E:S\KUR21[*'P,8<(!P5X,B@L[6_=?! 5) WKTUSX(
MBD:<)C XM_..(Q*7N]<CD(\.0I\E3X7(Y3T:UZ1@008R*"SM;]UR\5ZV?,1@
M8H$$207P5RY'(1X<A3Y*GPN !!X+0UZV/U&'0'Y/JX2* SM+]D\;\$YL_&=+
M'(NDYW^<<W@1]'#1P.+>_.6#O6Q]XB<&@/R^6\9C*XL_& B@*/ 0%I"WKTUQ
MDQ")*[V^N  XAE[\3'.(QE<6?C  C)4^"A\#D0@Z%9$Z"SM;]UZ8Y&1(?1PR
M,!1FU?LI^$Q$86SK47UQA0OK?Q,QAY0VYGM<YPZ?>/B8PEB/3MW]OO6:0 ![
M8@D-F QB?>/B8\+^5[I/PF=3J;4:UCHY6RS3/&&1@"#T/ BH7+;>^KW\.!UB
M;UO6LA&#OFU_NK^5\%H:];'ZC#H#\GU<)% 9VE^R8"!(\=<&#M5>8GB>Q6.;
MP(^CAHX'%O?GP =)-^><CD(\.0I\E3X7  @R:C$I>Z\X%$R0])WXD5*Y+:UT
M>WANE[*?0F12 <&("*H&75\3'/@640RRW& )$6;$]R,@IUS-L:/FY?WX  J@
M9=7Q,<^"(Y&DPT<#BWOSCD9$A]'#1P.+>_/BZ.5Q9WXPR, 0>ABHY'AR)D>M
ML>DZ\(Z5]R?6-Y * X*Q9EFODW@:*C)>Q[XJ.1X<B9'K;'I.O_MCEC8Q,S'$
MX:"!+N.._?%%'KQ,ZK??Q!KU/H<>I_&"$]@5:"8[>>,!T-4/SY#MX!J()>OV
M[8U>!(^X'?R_QQ><F0G4RQBH:]#T>.9[:\2?2,O5DUZ??AI,5FH[>;XJ_ <!
MP@_?F\0$!S#P3$E,#K=\F?[HR>P-XZS$;>C@]!0KKV_TX6$.AI\^3(T,N!WZ
MY!D5L-^7N<3K$;=)GB-S@B(Z'<./,>N2B)4#OU\ ;0$_&<G0^A-?7@:1*P'[
M7L<Y$+=1W>M&26 +Y'GU?3"=$[.CR9#"#1+E/G?IKDQL/).IU/,:><XP!.A]
M8%@7B'#WUK\7+&6!*#3;7Z/UW\% EH,C'6E4O$?U\QB*"0,'5X,1*=:6_P"_
M?TR!4,PG1PO*IVU!T>^>AW5,^_B. X0?OS>(" YAA8"7>@\]\8#2V\)\]/?'
MN,).FI,,A!G<\,=>V4*]<:[;R'B2-ZM#-C@+[G_;9!8Z@[GO^=.*= 5]LYH!
M]B@]KCPYX!![)^S @C//=O%S&"%[T?ISN&CM%_C)'VE^I3X2BA>0Z^>X#" ^
M5[>^(=:3MU<(EN6&WEF/)@T3)$SVQBEF!"P>?WA\R1OJ>WC%K;1ZO];SO 'U
M?Z,VBF1+IZ_&0>BZ6E9D_'YQA.IH^=?)A"2;/P3C#9[>U(^*R:N!\Q><-"3'
M>T_;X.NP![O]3AG0 /;P?:C#LNWZ3'[YS>HK^C%I+,TZ'N]/-8-M(H=*01\?
M.1-YOY9/K.G-G>OZ'QC-:('N&OAP%$TCZ6'[Q2M1^8I^;Q-HV>VOJ/!U%EO0
MR&(%6(>JQX2Z*)-1SMGMTRQ!5I98<^V(- B0>G],E2A-CL\% KQC%+,"%@\_
MO#YDC?4]L:#).'K,<?!]ZK#02LMHJ_/U.6Q88<K!&'!DMQ5J\^N&'D=.>:[,
M\LZ?]OGRSIGFN[&J0&-AB:/0Z^>[T\//=O :OK#H=?/ZP5<[7JYY9TS[#^7P
M51EVD)]:SY3MU1$X?&X,]X_0XH)7I1Z8 5Z>[3Y<<0+(N=U/MD48*!K3_1C!
MX",3KU8"#+936ZX,Z\OZ%\P?.)$F&\<AMB#^W E$HA4BFSO+Y,2N@?V_:8@<
MA#U:P<NP^']&'(S0/J4_>=*1;JT5Y<>"Z<5_CX/CYKOAR7^X#]XM00> CN=/
M7)M9B#X0?>&*99#\R?28U.MWW7EUQ*R"0[I'].&O)@'O/ZQ]\ ?8SS78\&H!
M*+U)-?*8QE13L\1B$[_@4,?B)WQA.BGP>" =FG6'?U[]\E@P:8W\L$$*0B-)
MK1CB!9%SNI]LBC!0-:?Z,*7*#KCCW7'H 8A*=]<=.P?5C"!P,^F6;1*/@U[Y
MYKLSRSI_VFVT8B-:YGMT\.3S3?'^>KS@)8-.33OZ&S^\(*CBTO=DP @^)R*4
MR;=M^KFK4(B-[YGOT\$#8N2'L85H!&+N.,*FT!WEL^)P#.'WR_/C^(([S,S^
ML<'(X;B]37!N/K#@0&7$<P3#\)BC-WEOQ48J<J[\S+[^!LUMQ,/V9+QU'];_
M #GQC>1RJ)T&8]Y7]9'&1J<[$Q[6?<X".OM>KX*S*L'0#Q1N D]&_P!OOD,:
MXZCU,V*Z?QM3ZPZ$!D@Q[1,/PF+[5VNW!$FP#9A$G4G1\KEK0@QZM'WC,[6^
MK_6O#I;TFS%H!<7^U\\XVU1%<$1627[6]=-Q]>V B@,]&:M_"9.-UM?P>-Q'
M,$P_"8HS=Y;Q@*GH9*61T.O>5P\S((E(F2XZ*_VOXPZ$#)F5HN)TSJ3+%F 3
MZ'_<&T8D>ZX?>'_@2#S"!T7;[U_Y(<1+71-.$Q?\Q:S;'7@^U_\ TY4*A&MV
MQ@Q#(&.=(_.#(/7_ ))S [8"%!G>ZPF*#.]U_P"IM3PHD>=8[$+@KT_O'-()
M?;*)D%"ANX\SBFD$N GD?UB5M3+ T;P$\C^JQ27F2/3GWPLL"P5-^V&+B"V"
M8]=8\?9*U$$YVIUBO[^L&G21-=,EN/H):ZG'OCA=FQI/4RG"='+Z&!Q$$A V
M--^"!)$ 2OMEZ@AY'/U@]9&QQ%&1,:M:8!CKET8-S48I%XZ#_64^/.\82@3[
M>>-Y'174('T_SB)("UR]00\CGZP:\HQ*)#GB+YSSG=S[#^7PGFO07\Z,%;R;
M$UCY 7B%?K-HG1DGTG- PQG0#"B0UMUSQC%,4@)7V_O'3(38TG_I72WI \._
M,.:@SZJ7U]?DQWUT=@;=\[],'D@/L:R0UQZ(W4^YVQY-/6[;WQ[8;<LOIQ_>
M,]3W^Q+YAS:DI_V/7YQD&0'LK6GS#X3WA/46_P!_WUQ;#U$%\_#ZQX(K@".D
MVQ%01/.(MZ#X4,( 6K/>XRAG1^,@$9)!WY?;GXOX>"!DT@?A?UA"*M$3B,TZ
M$J S \7G7&1]'G_6))8$+V9G_. P@,@%06'$WQ[?;B#"8F>LY1C<?Q@0. ?A
M?R80BK1$XC-.A*@,P/%YYSNYYSNY]A_+C1.-;"[+R=OW\=L0)A>7AMEZ'3SQ
M&3P(41*=AOWP3L#?>,"C*B(XB,*E=)]C 1I8_)_7_I1<SL]37]>F=7=OJ[PD
M2GX3OXT=O ("WY6_&CMB/8&'U;^.,  @*,Y*##^7QQZXD>DCTQX]Z7]'GJXM
M=V/6N^MSSK 0 K*00E@9CSSBVQ.UH[?W!KTQRX%C:HH#]_UG,J18K*O&M]<)
M& M4\]L0AJ#)N.$SQC"@$A'29/FOD'#-"X#"2,2;(FYCC-*=0]$\_&:IA!+\
MT]-']S:Q7!H(UB(I*=C4'1>F**.CT>OGC-"RB7YE)^O5Q3(*K0Z&</QS)N>F
M\!%(#L*AZIUQS3T>B<^>,U3""7YIZ:/[FUBN#01K 9P)JG:],!G FJ=KTR;@
M#0;)N)C)-%GIKO%?XR/(Z9<>EGG8QC^"Z)EFN\=<8QJE=1Z:\[&,6( =&5]6
M_/&+0EJ"C2=8R-,!J3+8U!T7.'XYDW/3?_S_ /_:  @! 0,!/Q A[JN!V<'%
M#R,O6/P I#-D(+C[H!%LM2S" "&._4KKW6C)($3!BV#5D3R6^!K(Y#]Y@2A2
M.*,!N!858#S0J8(*9,R*'*E91P0)E!'/B\ K0<L+$7X%Q# U3H)]I>&<#H!1
MBXIER!%,1#U>(4  K=0L09_$LN5%3#1#P_;F2+GWXM/ N^MU!Q3$3D((!<_;
MF2+GWXM/ N>=(O22'8TJ!?!L'1<)$5.-@X!*4UY!0FTY$"L*8P'9&&=))62(
MQ!%/$IQ7(.@"Y!BZ;#L*PEQ0'@<$_;%<WK581E\K"5?PCD4<)3P!HLM5@(+0
M3K5.MCV0Q;2 D\#@G[8KF]:KP%QT<B"6N0X5!,HX'!/VQ7-ZU6 0XF*+X[,.
M[8 T&:@MH<\F/;P1#U>(4  K=0L09_$LN5%3#1#^<<A^\P)0I'%'@7IN\[@R
M#. "(%,$49&#[N,4')7%+5QGE,?HE!S&'(?L,";%(XLQ5$3(X$Z>>3DP#6CW
MAVWY<3#Q+EWD/V&!-BD,6X"#JP0H "IW"R'Y%D5AT)3(( 0/S6$B "QY!*@+
MDA/&)]Z"J%F!A@$'5@A0 %3N%X%XF10Y4K". !,@>!P3]L5S>M5@%%*&""?Z
MV@%J&#]TG%68(HYIQE 62X ED_;<5;TG%(J5WR&,D\5T(628D!HD^ (.K!"@
M *G<+.)?_%\= XR4^*(>KQ"@ %;J%X%VCN[,"0P!, D(?]"82_J^4KL:B+H9
M]PG3<0B=5'+)2\O.#"/=&XF1@&,V,[(@0S)CTP(2TXU I 7'"(2@35*'$GX"
MI1<*/<'HR628=I]].WF*C_C8BWEYV?5ARN)"$PN+U(N6N$-0KOP>XCS&A#FM
M8?\ BY>;(@ZA@O G0@JYD/S?2LM<@YB@^ A)VM!/B6C7JF4_X(1;C'IA4!C?
MV=B4:R0.09!?F?@E$D&QL#$P5OW4M]&#O:>LX ,.Q,5Q,+J!C[[PJL]@J6T/
MHYKM<F*>"XA"MN.#$H&0C^": /"KE7"^!4! ;7>#(VFIP3%% D7_ (G!S5>;
M%?,8,8N'D&!(%9@@W?.;C$ (/$4&CO(8N:#M4!$P/(J)-MX7H\'&6CY5$9,@
MD1X"/O $8>D<SBH;-<L+BO9!!\%]Z;/^=UJ@Q90#8+"PJ*,2G _Y,%'FLPB(
M(P2?]!ZFXYP2"$&Y300JH5.KO$<DD 2>NKT9X5X'R24F="5/$9GC<$^U0^YB
MD1'QO7C#[5G7&XD GD^%K!Y.*#I4A1\'! ^HNX'L*+&L3&<@LM)AE958=:MJ
MF=*.U3R&P/VUSI(-E$]";8;?J.F6G#_X"\PO(N.X:&8LF6BQ.9NQSND[Y,B+
MGTMDU5B!PK'_ $)^1O1^\;*_,85*=3Z10PJ))X3DL:K*UQ )L>LT.?[BN;P=
M2*MG]/)I-^0Z##PSW>FWUY5W#!J2I"1CNLH$4<=XCD%;O"Y3H(N0D,,UA)8P
M8:LBE"3<1J<7\/YX1S[OMYV+1DK)"MATZOM K(V&OX-D'J6VKJ@B P0QUY!"
M4KR-NR-8B[SK^1C=FN\$$2(9MR9G8_!'7DKT$P/J!V$93H.>?2,QT>#Y F-<
MHCJ89T;5DB=N?ENZ,Q=EE%[%0+S)%FIBP5S@!;1"]#;9L"[DD4A.13MX3O\
M$0/"Q\RQY<PDC! QGDY.WFN2?\,.#FJ\V!W7EJ.GZCGJN3N7NOO)E#"PH'?^
M"LEU,U  XFCDY_J-(H*7'@*50*UJ[5-YCLJXU\?<*H>$80D8(TE.LM2=>^-*
MM3JQ'J;_ (@BCA+.@\KQ@'XH@,47"MF%!W+189Q8Y0]7]O\ *K*%8R"7$RLL
M*S.TD!8:;AP#+^(VBO"TTKJD7<<R03A>/AT^SXI57B#7KR0^[8]H866P'%X4
M5 @<22BAW@X>QCI[:YF[F7Q$7$8,V)F+AU$K[UWWZ!A#^ 9T8 $@"1PCNMBZ
M#DH/K &O_P %>\PO0'=:TW[<#(0@710[#803R"#Q"\,?JB"5P #_ *$TI:0S
M#(IFR)X!B92! 07O@;AQ'@>RF*1 T.-F1(DA5W [E#,O#B6VV6$"Q,QXL,,L
MZCH@Q8\ ,X<]UT9)$W&5V1_J$[[M"J@>3X'E*][UN)-]).)#(AGQS!,+!D 3
M@]]Y11K!M2?P_P"\(B=%:G?(L%,!X7C4$6"$A3&$$JWD4B*Z@C=R56S$5,UU
M45K24K*,1X(:Z'VJDO@$##D'WNH[F,_9 RL,DR7XC+OJY(*:P](#2I D+XU8
MB)73]$:7-M/<<# 6TFPKI +5EC85K<?.3!5JDG66#YVZSX\'F"F=0KM$1$8<
M"Z0N\KP9L!E/'0'@D9=(OL"=8J7$_@_$ !=6;&P$?#@XV&ZTMAF=X%:7PO!$
M%']7D :HL$P"(G16IWR+!3 >%XT!-@A(4QA!*M^ ,=)75(9"".A(SS/+]2%M
MSH)?X"BT.6Y9#12LHN4,#$#=R9M.MQ"B0_F<LRC2(RLZ7X4E*$0,$V\*6J(%
M>9-#*9R1!)"+/"BGJ'-E5_D-HKS ZYVU-J9O),#_ !WKPOSG[^6V2#81@IBU
M93V.(!.(63.(DM8/" 'T0L@+I3$2,":$R!&-$-QDG];P994:]+'-5+F#:*<A
M%B# VW!@/\+5:"E60X"?/O"_.?OY;9(-A&,JXPPDP$4 <&(7+1#TE XRL4GC
MO9KJ/W/_ (UF:*PQRQ,-':V)_P"BI"A9A& 0!BLRSO\ \GF0&4)EL9-KG_KW
M*4IU1-$42@A?@>9/LB++Y#+;^/F0(?K/,N/$'9&:Y6!0B(F [(S7"P*   __
M  6PEYJ/:(D$1),&OX'[-<D8&)#A4U@OYE+"U2L$+!2_U#/(<)CS+YJT[+-V
M!E$<82?LV;98!+^=3<0E#0%.P(82\U'M$2"(DF#7\#]FN2,#$A\-,.BWB:^B
M"9DB,%*M!@#6,_\ @#]EV(\X/^2GCW\ZV,-W'=YD/!BF$\JR38T18@&U,/K
MV#"A4O\ )"&QB850=IDO!=X[TX"EGR?^%%+9&ED@L<2V./(I  9$#50V#/\
M@S%PV10(L13$$"LM.JT=%3X0U"T?"P1(..0L5#-J$9JHVJ@8(?PF4/(/KI56
MA ,AHK_U\2JCF",(11J9A"#,@J!_PBG*D)O>]NV X+MX#9' >,_A3\@2/B8H
M)$I,9M0C-5&U4#!#^;N24&E?6_QRK-T6^R@QN&^!Q\XV]1$5TB3QIHO:Q(?
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MD,=#211_$&A@@(!+IP , IG+5Z"D\WZ7(E0XV LO8 DDU#B9*']&&YX>\9!
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M+@$ " ($A$:1,2UG-@V59<X\X/?-&KR>T?UP:*='*%GXGZ#,KGC!G(? Y#K
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E)RA2GER;^-Z,A"8ZR>B1[[9EQ!6SLS!A3BG\W#_Z!01"QY?_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>image_007.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_007.jpg
M_]C_[0 L4&AO=&]S:&]P(#,N,  X0DE- ^T      ! !+     $  0$L
M 0 !_^X )D%D;V)E &0      0, $ ,#!@D                %  ))1/_;
M (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0(" @("
M 0(" @(" @(# P," P,# P,# P,# P$! 0$! 0$" 0$" P(" @,# P,# P,#
M P,# P,# P,# P,# P,#! 0$! 0#! 0$! 0$! 0$! 0$! 0$! 0$! 0$_\(
M$0@ ;@/B P$1  (1 0,1 ?_$ 3(  0$  @(# 0$!           *" D'"P0%
M!@," 0$!  (# 0$!              0' P4& @$($   !0,"! ,& P@" P$
M   ! @,$!08'"  )$" 1$B$R$S! ,2(4%6 C-% S)"4U%A<80SA"13=&$0 !
M! $# @0#!04$!@4)"0 " 0,$!081$@<A$P Q% @0(A4@03(C%E%A0C,D,$!Q
M%U)B)2:V=U!@0S4XD:%R4V-$5C<8@G,T5$75-D:8$@ ! 00%!P<(" 0%!0$
M   ! @ 1(0,0,4$2!"!187&!D:&QP=$B,A,%,/#A0E)RLA1 \6*"HL(C,U!@
MDA72XD-S)%.#H[,TPQ,!  (" 0($!@,! 0$      1$A #%!$%$@87&!\)&A
ML<'1,$#A\6!0_]H # ,!  (0 Q    "_@U];C')O8L/[3']_$]C\6E59.Y$Q
M?0                                                         !
MKMW6*5"PXESM2;#Z3R&).P\1LV?!O<J#8@
M     #%:?XE^[^)P//\ /E8V9FMR5!U]+Y)P_0               !\'E^16
M6G!XID^;Y:>V(&@WKX^E3JX_TV#U^&3Y4A7TO.[4Y(*+@UUVU0['Z'R $L=@
MQ-KO-YMG^BR@             #C_ -_.0/'T               #2YU&">[L
MHUDM8SLCX?H:_=OCD#LN%?\ 4[L0              )2[$ATK\'+Y-P?8"+C
MUMG-73Y5+ B6\U9.$4]H0=FVCRT-<7)\@^#R_(.[>U]/%>RY[^XBW,5-L  ,
M>Y?F5VQ8=DU7S@    /2>G!TKSD9#]       ",6SH7"4SQL TV6J>OI8F7[
MJ+2EPTKV'Q^P..LOSD7%] G5[2-15Q<D        #X_)\@ZM[7WZ4[L?] !'
M;9T&HJO9F1$/T              (6;:@735+/D&LF'NAY;-M8Y_-#U:T"X6J
M9^E+J,&&6T\8L3O%D-:S0- '8QNNHNO6U,5]+N^J38  "'&UX%QU43P    -
M,?3X-,W5X+-:MG0CVS V4:;)4A7\L     :/NKP8@;+Q4!P4J$RV]?;_ %1/
M^TQ_8;[7@9;:_P!^<5F5Q,$%]NZ^\.H]AYOP/4_7MO@==5=VLO$I[8Y(0O4'
MMN:_)&#[LRK&: !_)'E94+$7:XZ.^&E;CN9S@3S=I&YZA^MS_+YXZ;+A6+5I
M- E=L6'NEY*1G[I\@ TA]5@W><KG            AQM>!6S7$R4FQ8=M=53_
M .2#ZW-?>'4>P@FM_7WG5#L(D;2@V\U9. C;LZ%G+H<O$\_Q\'G^545Y,^K\
M !)Q842L>O98    $M-A1,99_BRFKIT.%LZ_Z:/ZMPJZ=_AKBW./8OILG[F+
M4_Q]EB^\YQ?0 $%=O:^\^H=A^IH_ZK!\IE^;Z^0D3 ][%PKW&+$67Y[ 6G]C
M^Y)E9$.@;B).8^N]@#XWVZC?]+:3L]_S]M^"I?G!S;X]6W18;EJCV'G  PHV
M?B<KNHM@U9387+:U]U-2[ ").U8%I%63_I/*(VT8-N573@(@[6@6:U=.Y'Q?
M0!UL5Y:OLG:-V@           '7\W'KOT^KF:DV'+T?['-9<+;5SN;8!ILDV
M'=1;":TF];;>>K[(NC-I^YQ_E^0Q6U O=J#8#5!T&&;[N8OO?'VL2NIF7^N]
M@>+]3^=G&V,Z++GIJ,FN/=XI3+"B51U_+V':/+[[X&GWI<,*%OZZJZNYE!7#
MRI;[$A\$R/-O]5SY4;!B:_=SBWB\G(WU\C(ABMK7\69OE^%/[$ <;Y?D==GP
M;7*KGCA//\E0LB%8W6$X1 6K VEZ#+E3K\FXOF<TK]BP]N_+9Y)[(AU!5_+V
MD\_E^VQ_<&MMCZV6]]5V6U";:9[OXE75;38V[2@7$U+L/+ !_)U_=QZ[<MR^
M?)"%ZWP<C( B-M&#;E5T[P?KKS+GUO8&TUL?,^?9J>\B:_-MCH"Y"3M^YK-_
MIA=L_$F=E0I;[%AU9UA.]=G\\OPO=AU:3=$_6Q]R7,YN9(WK4QT.'P_;;GS>
M;"+:^/=>&8>M]C@65YB=M6!OOX^3OMY"0   -4F_Q1,VUK]G_-YO3>U"/&2=
MQ7-9I4K#A[L.2D9C:SWUSEX:S).![VFZ'+J4Z##;%5<_,/6^P!P[(^2%V5"Y
M;C?:^*VF_P!D2MIP=M'.YM&O71[S*@V$%MO:^Z^H]AUNEY:O(2'ZS U.2E3A
MY,C-EP]I_.Y<]]-ES8UGN5WOXF4<'W6[6\R&.V8&[GE<_P!=A^[M>6SPOVO
M]+F^7=5%L !K4W>+6?T&*EOA)0XRR?)$K.A6=5;.$-=M0+4*JG1E6C!MYJF?
M)-9$+XOTXDD?-SO,YIG^^B]@E2VRUW[K%UKEZ:OML_SCN8G[9@6J5-/A;MS7
MWDU%L/#^OT^/( )FNZBS&=_$[-BAMJ (FK5@6>59/^C\NMQO35[+M#E_/XV8
M<_FT4]A&V3:3+F=J<F[;DY&D[K(]"_%R>LXO;5]F/1.T@SMS7[3]#EF\[B+1
M=PTKSLBH2OI?637YJ;(JMG[M^5SP5W!KOA\CL"Z;V/\ I$K:T"LRMYL:EGP;
MIJDV'T?D /X)C^]BZV=[ATT=3@[):B-KDU#] "':UX%PE43]3'18<,=MCH?X
MF5AGL\>:>KR>T^   -,'3X-.W38:;."E2M6+#M>JJ?!?;NONRJ381.VK N#J
MB?UG%\ZKLD:*VD5-I0<>-AXNYJ#8Z3>KC_;8ONV+F<_50_HW3=FW06VSWU&2
M(FTH/YY/EEE7SO<^76M7IJZ@^"ETK\)* &I_?XL3]GCH0XV2-+'4X.%)7FA+
MC)(APMB!<?4\^#RW-?=[4>PAVMF!^6-P_,\WO4_L>OKNC6]A)2VRU8;[%"9<
M>M[0C\_;>7FP(F&.P\;:>?S;Z^/D:3.JP>E]_-YO)2!K4WF*97O(O(.'[3#P
MDK//49 )[>SC<TQ?6:6IR:">SC5FUS,$65I0:T:XF8F;+QIOZG!F]I\F&.VQ
MU45W,ZYN[]9>W3FQETL.'1+PTJ1^S85:=:3=-'6QZBJ[F=7Y^@-3V@GY_P!M
MY_Q"_;NOR0U_JJ2N)OD^D;-GP;B:HGRIV-#W<\A(SSU&0 2EV'#SOTN7]/34
M]T.' S<8^P*IS8^7\ 0S6YK[F:CV$A5E0J0.$E9:P/8    $.UKP,7=AXH:X
MJ3E!K_<-]NZ^Z6H=A@?N<=)G"RH4[:U]UE2["'BVM?A_L//8CTKLIT^UBX%[
MO'3S7LSKY+KUG9A4-M1 [<&NY+P>KEZFGRT=_$UJ;[%4U7LO91I,H Q@G>9:
MK!AV:5A.^2R?(#+CUU^E.;'ZS']_DACMB!<]4\^>;LXWS7I*/8\+]/C;WS6>
MJ.NYG6*W_J>SH_/^VFE[Z)]SC^U[UI-T:]5@B\M:!VAOY_VPT1]=']QX;Q.4
MD#2SU6"<+M(WF_6DCJX_:X?G?<>]\A\9D^0O6U ^I\+!*SFY3P/8A:MW7W$U
M)L(8K:U^2T+UAKM/&]3D)&/LOS,;W\3==RDBECA)60>O]S)6%#W;<C(U_;O'
M@/M\>"F^P]@_2>SP_P!CXDXL6'S-&]5EUM,DMLJ'1]PTG.K59).+'A[^.*DY
MGZWV )-K%A^S\-:6^Q7P4_L=+O48,,-KCITX*6!&G9\&I.OID8MGP;TZBV
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M%)/F.ZSH5OE43P
M              -%O5X.1</W<;S68         ?_V@ ( 0(  04!TS8N'RGT
M,-%E"H6B!OOL<X%>&9/4CD.F?\;,&1W[F0D$HQ(1$P\&SI9HJ_11F&'X";ME
MW1TZ;.!/M,#HT-#G!Q33M/1TSI&_81"'4,A#,V23E"/DHWBSA'SL/L<8WT#*
MG3":GFJX.V3ED?3,0B841$P\E.NA1>2;8&C[W[M-T_8,7&GD5G<NA'D6<+N#
M<&SYVT,X]*<C/?Z?9HKJ*B0RNFJ#>":.W:SU:#$31W"+CT&S=]..W8\"'.F:
M.=EF&_VQSJHP%%MRH*B@O4Z71?V8 )A7;K-C^X14<@F@6I2BM-1J:'$L8C]E
M !'D$AP+Q^SB$9[F4ICF?J!#QO+3"A@<N$_17]^0'Z2F]0+$HC)/SR#C4(42
M1>HAE]<\G7_U+A\BW^Q<8'K]T_@M2X"]B>:8 JD-[.&2!62JA/HMJ.09,8VH
M&*31?VD0P^N=3DA]2MJ&4!_'G*8AM2G:A!TR0!>5$Q]!?A&=).)YH^$9&9.4
MO0<:9M648QE6#95IS-(-,$02IA<92-/'+<8!OZ\C,.!<R&GK5%O!<:9_7R'Z
M_D&+.$9[S+F!.&:MSNW$ZY(V1X."_;J?TT_E4)I\ EIWC3:0 I]U/J&DB-]/
MX!5,1*)1Y%'C0\#[.FB@9_5!Q%?50=R#*<\8_@$>^$G!NU7=G5150-RM_P"5
MP7"%7%"1G$/0DM34@V>DI<G51H/W6&X4P/\ &O" D[Y #N'N*5_(?KXEL#M_
M4#OZA]3O5=KRL_3!W4_K?4ZG?EC.--=A $>HZG?!CQIU,$$CG%0_(5$34W[R
MD4DU$1;3[2V65.NKJ*AQ#4O(?<'+1 73FHUR^KIZS5=0? A#*'?B6(B>#.4>
M,M%FH]Z"L&T=D<-'#0_(W@)%<'C%PQ4TP8+2"WV:( \@P5CU^@\8^+<2!HZ.
M91Z]2* >02*)U:G,(NJ@**334"Q3641GG#B2G$RIR>H+N1CG"OW*!Y"$%0]2
MJ 3BD<4U*H((..%/&%)K .?0D)=M]+(:IG]>^*8\BE$1334JQ"/=@0Q@TP #
M/O\ WCPX*.Z73ZKJJ&55IT10:\R0EG8N$C3.7<T^!Z\XP?\ 3^$TQ<K-#%,4
M0 3"P@7*XR+KZDJT1(H$X,TT%G/VF!UZ2'T(P<<8?[7TXI\GH  B)(*3.59%
M1NIJ-8'D'$JR(P=Z:LG+TSEHX9GX((G<+'B(5 \G$*QP^PC$W"KV1FFS9P9Y
M3BHA+P[4'\JZ?\*;1]1Z^7^H>%#N-*R1HQ=5C'36O[9?:31CX CMTJ\7Y$E5
M43M9U-<DA!@"?"'9H-FSN;?.5*D_-;:;&^VP/4>IVWWJ.<S#:+4E&S5VRCV9
MW[F5DBQR=-G_ )A-G \I'_KYQ+UYBIEN]WI,0;4S!)>K)S2@*R>B]K>F9;^
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MG2:MS.G%2+>F&I\JI(\ ZC41O1;ZA7'9#',8YH8P*1%/)%;LE5#K*0']4G"
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M4B#KT2Z*0I>*IA$2E[0]P["B/**0@/Y^BI>/XA$>@)!U'\=J>1/IV>Z?_]H
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MX*G:?I:*OAMJV!N[)49L^T5&3)[*6L-:VI-GJD'M06 P6L-CZM=K;HNI0MR
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M]-,S +$9?9.MY3QX9:%8A-Y<P7GO,'U.U<K+D@ON*(W%U QOB";REU!P+GU
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M8K]*6*W]HZA9MXM_:?"47D)KNZ.9]9M/'O)DHNT$'D)I1+Q*KB#66_\ I_\
M)+Z&[B]^G<NWGCLW7/?55:WZ>+&])YPP*9[Q[MG]3&=@)G>W;(%^=Q%NAG!K
MW=NUD [F,F<+JDUBCNA!(BHY@W<2U7@X'2-!H*<,F\ZO,-I:YB$W3YVTIDRZ
MU%S##8B<1,=G YG!K[[\LV\Q\BA&'44E]8L%K?*39?>)A>T:'$1WM>5)(V.^
M%3/P>'>H9P!^+K%G3"Y'LBKTT&:?43Q,.1[3)V=1=JLX,$BUI$N3V0#>3G3
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M<E9<LCSMMR9\A?K 0T1!Y6<:)"<,81!?%]VZ[S#7,1("L\8;B"UW#X<)VPW
M!DX6\X+-0@-MNEDX' @7W1/.=/G4R)6(-]*R$U .>:X!OTH!8"G9JP>1[)DH
MK40!M:7<457WO?G#NFB\K_IJ&]Z11+D2RY4ZO/&*N9+=S9,#MHB.C:T[Q"8
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MC!ZA/)$*Z<[>GX5(E^+/M']LLB9)ES;-W'LUOZ.4##][9M=Q+/&8MGL'TM=
M1@RM)@.AW-AM*J, XC]==YY5UW*G) B#\FSOHJ3,5II6K;B,X[C4L28+M$V.
MR9,;>?W(IM]A"[:-L,--LLM +;3+0"VTVV":"#;8(B(B)Y(GPF8]EM!3Y-13
MVR:FU%[71+2OD@2:*CL28T\"^?1=-4\T\81[C. 9LNLPRQR!*]_'7GY$B-2V
M3C!S)F)S7G773DU%M&B2$$754V5;)$/<C!C_ .^?^'#_ .I#^8U_W'_\*_A_
M[S_]G_YO'N+Y0LV1_4$N#7&CA:.N-#GF3W=_< +Z"U^)VA8U5 37;]WE]KD/
M 9.Y&\QPS),=$P05=8D6M3*B193.]"3>TZX#@:HJ;A35%\<Q<?.F>E#DN.Y=
M"$B504<HK9E1/1H=5TV+BC"ET3^:GGUT_L["XMYL6LJJF%*LK.QG/MQ85?7P
M6')4V;,DO$(-M--M$;ADJ((BJKT\.Y7QGE-=EE$Q9S*>3,@=]LHMG!V*_#EQ
M934=UHMCS;H;P'>VZ#@Z@8JO]PB>T[VR2K)_(IME]#S"\QI]8]K87*@3DC%*
M:W;>:]+&AM@;EO,0F]O;-LG ::?WMW^/\K^OYF@-?6BJ1K_0XU-L6@]2-/47
MY36Y3,@74_*L7AVF2)N981=X7/M_YEESSY3P=N<5/97@FU=7M542?16])=]U
MMM5LZH]!-7%[KS.I&BFP\X7PJ_;90A0+QQ'0:JW8?KE.TF2V^.96=65HS:HY
MO;-@U1@6T'MJD==4U/>DFQLYL2NKX;1/RYT^2S$AQ6 ZF])DR#; !3[R)43P
M#K1@ZTZ N-N-DAMN-FB$!@8JJ*BHNJ*GQL\8J\HQVRR2E9"3<8] NZV9>5,=
MQ]V*V_9U,>2X^P!.L&VA.MBBD"CYHOV&O;)7\66ST#]4.8=+RF9/>K[AJRAP
M9TJ=<1\;?K51VM_)!UI_U+>^*A2@WB;8?W2ZR:^F,UU)CU587=O/D&+;$*LJ
MXCLV=*=<-11!!MDB555/+QFW/O)T!V3QS@]A#G5]%+1ST#KS4AW] X40_.TZ
MQ$8B%-M&Q/:XXB(Z"A,+QHG1$Z(B?=]GB#-5;%+&HS.YQ<7454,X614A6SC9
MHG0D$\6%1U_#N+3\2^.+\Q>0T>RSCO"LF=1Q$%Q'+W&JRT-#%''41=977YB_
MQ7^_XEC+S)2*3C*=C4=2124$B\?4$CD:4DI-/E K>8[%4>J%N3_3T^%1[4N+
M7'K#-,_=JHV:MU1[YP0+R0U'Q_!V.V::2;5QYLY#:JB^F)L%10E+XA8V+<65
MG%^D>XY"OV?G*QN^V2,UD9\NOHJ\'58C F@JJN/[4-\_A[7>/FT=>=;3#''&
MP0!%2S'DQ:IM@'@(G.XJ42*2**(B$"CJI+IXM)-),2-GV=F_B.%*V:))@/28
MQ%<Y(T*H7_=\8MS9:*B2'HZ%T+P/,N506W.0>583<VL>E-;IM#@<@@E5L0'7
M%-4<LU +"0J:;@],!)N;+7W"8=?YED%]0R?\QDBU$NVFG35\2MR*FE8PS&JG
M7'&16!"=]$VH""Z$2Z_,J+\<U]6(+(3(<&^EJ6NX9WZIKD<)O3[_ $RR$_P5
M?'G-_P#EEW?YU=_\L_V?C_D_ZG\[]WCFC@/( 2GBY5+NZ#'$D.HV+\S'+61>
MX5MU-1VSJ>>^['W+N57&@1-QJGV_<WQR3?IH$G_,QMIASN-.&_B_)D%*<V0,
MV1)LH=C(<%>V2J)"0*(;MW]GRU)BD@R[VOJ,08W;D0V<HOJRIM1^54Z^AD2E
M3]Z=>GCG/&_S/]E9#A%WJHM=G_>"MR&!\AI\ZE_NS\R%T1-NWJI?"R]M_"&5
M7&.U&"QK*/VJ:\L:&%97U!0/W&06F06-.O<T!\OI49MS< NH/1#=7QFN"<@7
MEADF0\;2Z1^JOK=XY=K88QD+=@W'B3K!YYUV2Y#?J'45Y[YNW(:'<>WI_:24
MQ^<W'Y)Y 67CF$(B@LFM 6F_KV5 R:%JE>S)!&E5%1),F/N0AW)X7FS/(3CG
M)G)D+U5:-D"G.QO#9Q!+CB9/[C&9:+MF2B5=R-*RVJ":/(7CBSW5X''.,SD=
MQ'FW[$8>W'<RO&PCQ[B*^[N(0"\J)'9< 0'<K4IU54G%THLIHY+<VER2FK+Z
MIF-&)M2JVWA,SX,ALP4D5#:D"2*BKY_#W#\DN"DBNI/\RWH4UMQMQIKUV95V
M-8W'15)2+=6LOZ&";?R5_#J(KQKC,63)8A9'GTF;9M,NDTU-:Q^DD+%BS! D
M[@([:B\@%J.]D#TW "I9\%Y/.)_)>-8J6.).OF1OV''[\AJ/Z+>X^Z1+4RI(
ML)T 1CRHK8)^42_' O<7C%C.<H.3;*9?7U:3BJ4A(+]96\C8[VVW&N['?BVL
M:5&1W78^\BI_)!?#$N,X+T:4RU(CNC^%UA\!<:<'73HHDBI\0GE"B%.;$A;F
MK&966V)B@&(2%#>B*B(BHB^7QS6!QCF)XI@O'^63<4J:B-2TLR)<O8Y82($^
MTO'["%/<?2<_!>)MON-",= 1&Q<1PRXVY"FPV:Z;FN#XQD\V#&(SC1)EU3Q)
M\N/&-S4E;%Q\D;W==NFO7QJO1$ZJJ_=XE<">VC)IN/8/B#M@V]>U5_:XY6W3
ME0J1[G+LIO*=DI'TX)!I%KXS8R!<7MO(!N.BC5O[1/<E:6%I>LV4NLQ'(+Z;
M(L[:%>L1?J#-%)NY9JY+K[&+I(JGWM30G ;12!YL&?LJ1*@B**JJJZ(B)U55
M5?$GB7VE86N>7[4UZJ++SJ)^1#93&%5J5^CL;KE%7F6C_P#U"4JM%L(A9)G8
M\3O(N55UK:8W5-%8V]?(I.'[U@H ?F2"L,?PP4M&&01-[IL#')L!55, 0O%G
M-?JV,:S[$7XD3,,=CR"D02">#Q5M]1N/*KJQ)/IG1[;NILN-$V1&/;>=^-O2
MP7WF++DS(:?!VW(^W>W6&DF_O2<4R3\IV-1E#<T0E_JT3315(>.6EC@W<9Q!
M7D>^>1I67),C+0:F5'>$U)=S-6$".O[VE71-=/AS5!3-,E+ <5@\@P!Q%ZVL
M',:*KPZZI,(KGHE&4A8S)E+>"8CJ-">KAZKJX2?8P9I5'NGS70. /\2MMX+R
M(+JI^Y%=#7_%/' (N"H$O$''SB(2:+L=Q>M=;+_ A-%3_'[-A[5#P]^-Z9F5
M#A9L5R*C,R2!C"9;*KCHRK6^VQZ<'F6W_5D1/-(B-J+B*/\ >?<WG%@\IO5Z
M\GF#;KA.O!*ON38+,9 ,@T[3$:&ZRB)LT1004VIIXS'D_(-'(V-UAN08&_8Y
M<7DHAAT=,RJ(JHLF4\VV1HB[ 4G%^4%\9O[Q>5D*ULI=]<,8:[,%Q6Y>46*N
M?J3(8K#XJ@QZ]F0E;7"!F *3P"(+%;^"D2H(BBJJJNB(B=5557Q9\@UA?5>/
M^+I+]I63>TS(KUJ,$@ACV-2X,N.3C:C-NI"6L4B,B)LR4439M#QCW$41Q9?&
MW%<TJ.Z-@B<C+58P\%MR3+<)OL$TY,FMI1-N"9HBMQW$\U3PS%C--QXT9IMB
M.PR MM,L,@C;3338HB"(B*(B)Y(GCGR3!+U+$;_-1B0XV);6G8%U1U4P3U1/
MP2&U:5?+7R^QQ)P?2D],O,ER)S,I]9#(BDN,06G\<QF*XPV6II+E6\OM!HJ*
M</7S0?'\YO\ \&?_ -/WXX__ /.?_B?R_%^_\'BIY^X88F)RS@S,-RSK:9U]
MFYR&LHWO75%IC_I_F6VK33<R+>UQYM$ %)UIALH&">XUTL#S^M(:A[,I,,VL
M7OY$=?3J_>MLL"5/-W#MDBXWZ7<).=QA"[ 1KG';BKOJB:".P[6FGQ;.NE-D
MB*AQYL)UYLTZ^8DOV<JY1AX;,9XFR"/>3[#,3=92JDP[O V-8\56I@DLGZZR
MVT;#K:KM W=FW8[_ &F(US!D 7'+M$U,T0%%Z)"Q7,IJ,%N%53\]MAQ%'1?R
M]/)51><<@V.(=GDF%TQ.*8JR0T59?30 &_-"']1$I*OFA#IY+X<>=) ;: G'
M#7R  %2,E_P1/'N0YJE-.^MD,/NMJ\G5EWD_,;3(Y*N(V1@CFF-;?-?,M.FO
MCW4U<75J TY>"$?<1"B0>1)L>)J1J1*H ^:(JJOXNOPU7HB=55?N\%BLKF[C
M]NZ;F>@<:2Z;<@M3$)6R8>N6A.$"B0[2W2$VE\JZ+T\-O,N \R\ .M.M&+C;
MK;@H0.-F*JBBJ+JBI\(V1<J9C78C5SI)0X!RF;"?-L)( CCK5=4T\.QEOJ J
MA.=E@]B*F[35/'Z@XZS&@S*H$T:>ET5BQ-](^0[TC3V +NQW=.O:?!L].NGV
MJ[CEW_:/&W%$Q:>W9!0=A_0\&+ZEFHRFR<%%6PN'%IR-O<NPV5TT!=!;;$6V
MVQ$  !00 !301$4T1$1$Z)\.03%EMRSP3Z?R%4N."B]@L=?4;HQ+1515JYL\
M4TTZJFO3QB$25(]38<?VMY@,LE_&+%8^U:TC*IKY-UUW$:%?V-_MU^'-MMRU
M KV'LHE8]6T%BQ>0KR7?M5,K()=G?*<1^2;3,DK)A1&6K4@B$NXT.B*7 =&C
M8$,ZSY%M3=W_ )C2U47#8C3:-_L<^LFNO_L_\?'%W+->V<3 <_KJ:UO58;&-
M#=C6L1C&N3HY16$=4W&G'1N]A"OYLEK0E(=4;>9<!YEX =:=:,7&W6W!0@<;
M,55%%475%3X<:WJHG>K>56:D"_B1NZQ')ICJ(FGDJT :]?N\<*Y%.7=/N.*\
M!G3R^;YYS^+UA37!WN.EH3NY4W$2Z+U77[-[?/;49I*:SMW=_P"'M5L)^8>[
MY@Z:,]>J>.1N2+3^IEV//?%]$U8."JOOS'\(YJOLCWGVQ'YR?@FJ"7GYHGRZ
M\!?\H\"_X;K_ !R!D%7*6)D5_'CX/C3P.HP^U:9290I,J*YL<T>BP1F2VM$U
MW1TZC^)!Y&L(0!E/+DYRX]0XV*2HV'U;S]?C<!"^;Y'B"18:BJ;AEM[DU;3Q
M[?.:L?;"/D[[$XB=3Y ?G<7W^.WE)*>1M4531<E[:GY[&@'7Y$TCRFT)&Y+#
M3X(:(AH#S8N"A(BDFNA=>J_9YK#%%E)D)<79PE6L$G G^H_3MAK]/-DVS1_;
MN["@N[?MV]=/')\J)#@_YG1LPCQ[R<XK3MHF%RJ> YC;,95 2:BE,C66\!UW
MN-[C)=&Q;,W2 &@ B<)Q4%L6Q15,C(NB(B>>OCW'Y)B!:<<?1\J:@MM*81E"
M\Y)@3\+)&D#;T@UDU U5%1%5$1=5T^/MYP.O+7ZB]F,Y(Q=MMJ393I>*4U21
MO'Y=O<^/W)^<JKKTTJJ6$ MPZBM@U<1L!0!"- C-1& $$\D06D1$^'NDO9*_
MURF^*[$$6E^K9Q<S):[=JJGSP0VZ$B>>NO33X\->VS"^U;Y&MJ%U:UT?\UT,
MARIR/0896&XV1=MSM/2WGFR'7MRF#Z"O7%<0KQ;;@8KCE'C<$&@[;00Z.LBU
MD86P3304"*FB?9^NMRFY0K[CH6*NR&Y#/;99M+&/@TQIQ[YA3TPS#;=%=%'M
M$*Z$G3^\Y!R/+H9]MQ1RO(R"<KD4!19^+Y?:1KR]KJEY198&=2V;39!&<5".
M.VVA$ RD=3AC@'@BX?ML0L)5982YRQ)L)F5E5XR9R)5G7SH\1SM8]5H\ZZJ%
M^)^4.BJV*^,6X]Q2*D/'\2IXM/7->;C@L#J_,DE_$](=,WWS7\3CA%]_AV3*
M>:C1H[9O/R'W 989:;%2<===<41$11-5551$\2O;][:YKF8Y3EY_IG(<OQCO
M6#33=IMB+C.#R(&[UDZ7W^R[+CJ8-"2@RIODI1R'(6V3Y,SLX=UF[K:LO)4B
MPR:4^)1I+*:&$$9+A/&A&)27WE B:[?CD?DN0;".8IBUC-K&Y+HL,R[]]M(&
M.5Y.F)Z>HGRXS"?*2_F=$5>GCDKGK(0>DW6<7AXO36,U-\I^LJW4M,ELFY"J
MI$DVPF VZJ_QUJ_#E3.<S<]/B^=9WRQB\Z]WBW'Q],HS\K:%>S&T%Q%C ]7-
MMR-"'MMO$[J7;VDV\RX#S+P ZTZT8N-NMN"A XV8JJ**HNJ*GPN\NRFSC4^.
MX[6R;:WLY9[&(D*(VKCKB_>J]-H .JD2H(HJJB>+WW!Y)5RV>-N-Y\*WJ8-@
M(.,0_I*FUQQBNHF;??%QHK>:C?<#N-.Z]'PU^$JRRW%/HN7R07_?C$'&J/)#
M=T!!>L2%A^-/5$;046?&DJ@] 4?/Q)RCVN<R2+=ILW)7T-NU>P?(9FQ 1B')
M@29,JDL^BDA+->B@NT=&NN@Q\#]W/%5LXZR@MNW\.E3%LN5AM!9*S2I?2-5V
MC1D"JCL$X+:[E4"/H/A;GC#-*K)!9:!RPJP<*)D%/O78@V]#,%B5'^;Y1,VM
MAZ?(1)U^P])DO-1X\=IQ]]]]P6F6&6A4W7GG344$1054B541$3P[3P[C*.1I
M,9]8\N1QU2P;2J9-!4E)JYO;K'(DH/).Y">DBJKT7STG9)QK/LC2GD18=_27
ME<59>4,N:P4F*Q/8!V6P>\6SVNQ9$AI5;-$-5%=/"9?E3;]O;6DARMQ'$J]Y
MIFRR.U%E7C'O.(XD>(P.AS)A :-H0B(N/.--.2.7ZSA6C;XABRE(IRX)ELN@
M&O;/8X;^2_66#,!UV'-;V,HXFBHG4/'ZOH(QTE[42&JO,L3DR!E2L?MW&>\T
MK4I&V/40Y(H1Q)7;;W[# A%QMP!8&PL8$ I1]N,,R9'BE(<_]6PC[@;U_<.O
MQ;@VZ.Y7R'9P2FT> U,@&)9QU4VV;*_LB9DA7PS<!0!PVW77-I=EEU&W%"IM
M\SPZ%C?$]9E_^[TBCHKABE=R4JRS99A/9-9R9(S93<9N4I UVT'YE[8:HGC(
M;I\11<HY2OYL,D0D4JZMHL9I@WJ;+>JI)A2OPDX.FG5"WHG(]VKS$9*? \OM
M5D2G.S%CI7X_82U>DO=QK:V/:W&6X=$375/',5_V@!^?F])5OR59 %./24!3
M6&CE;44D;6^=+8JZ!W%5--ZZ^YK.F=Y,V(19+1HB,M*WE677UPWNC.:N(JI7
M?+U^7JA=53X8QP1QW.E1\VY3!7KTZHR2WCX<[).IB5</LN"Z#EQ,1R.A"B[F
MHK[?_:>,OSN_MKNQYIQS%HN6V$J/8M#C%9)BNQG[?'*^N&,WWF!8<=:]2\9.
M&Z".AVP7L^,-"YDO3'L4N,CQ"%)?<)UU:BKG>IJ8RD7\$9BP"*R/\+; "G1/
MA[;.)9"39L27#QB-+KFG.TT2<A<AE0OM1'6W-XR'FJ0$,MJ:)VE%577;3\1<
M:9%;VF%Y2L&KN:FPEL.25I\BQ9^\9K[I6O2-/.USVR7&>[8.=K:FBJX?<^QE
M67SS;;@XKC=YDDUQXMC+<2CK)5G(-TM1T% BJI+JG3QSIS3>J$ZYM9U9BK-J
MZVUZQV58R).5Y>I&(CM1]TJQPA%$15#R^5/CG^-R&DD1\APG*J-]A4$D>9MJ
M*? =:435$7<CZIUZ=?'-.,][<=1EV+WI1]K^K0Y%36%>#V\ORE[GZ7(= ^9.
MW\_10^/MFP8]Y#8A81G&VU1DU;RG*L>IUV22U1%7Z<J)JGR^?W^)F60XQ/7G
M%%S#RJ.30B3QT,XVZ7)HVI>38MRFISNG7^@3_!>.K*3*25>8E#/CW(MTM9DD
M;#$A:A0'ISQ_.KTFN*#,<W_-K(\R_$OC!VE(>X?-F/N"&OS$#>"\C"X2)^Q%
M='7_ -)/'#.19',9J*2AX,PV]N+&:7:CP*B#AT*RE3WR7R 6 5S7]GCD?+_;
MW5'A_$O&34F]LK")08O8SH.-P <<;G91:Y>S8,NRG@8.24"O;W""*&UX6S=,
M,PR2%#@Y;C^0SL/R;Z<!,P)\^! K+-BWAQC)SM"_'MFM[>Y41T7-N@[42EK[
MJ^IZB?DDXZO'H5G90X,J\LFXSLQR!41Y+S12'A:8-Q6VD,MHJNFGPYYG13=:
MDL</\C>G?CO''?CONXE;,LR67V_F$VR<0Q4=%U'HJ>?B.QO%'[CW<S7>V@-;
MS:QOAN "&1J6]4%<JT1$31-ZZ]5'QPA221$)57Q+QW#F"!JX"36L2J4F[#)$
MU3N[].B>.$<11#[-WD^89&X2+^6CN+55+6-(2;O-4S$]O1?)>J??@.(5K8M0
M,8PS&*"( $;B(Q4TL*"VO=<T(U5&-5,OF)5U7JOCVY<153R%>NQ;0P:V]SLN
M<CY+08Y5$0B(JJDYBSGR[O)$Z)KJK$9K7M1V6V&]5U78T" &J_X#]E1)$(21
M45%35%1>BHJ+XAYE2Q)9<'<G.2G7(,<5"&&*6MBTYD&/1VF&=BR<?D&W*@-H
M.XH_8;4_SG2\1\.P"]B6>7\UX]K56%7+WI4\=V\=$GY.#T==1*<R\L2O74%7
MN.O"O]/M6-+R2$L//^29#&69/'='234P>PK>,XZ]N99(2C1G2??;-%4)$Q\-
MQ"(K]CVK.2T$8&^@1UR3HD/8'(L0I:.$[\FB 8JYK]RIKT^$A]MAV4;+#KH1
MF=O>D&VV1BPUW" =QJFT=51-5\<R3N2\E8P:/R.L7Z!(NV)0P&Y;=]<V+\.V
MLH[#S,-1":/YLDFFM45-Z+HBMVF,WU+D5:\(&U8T5I!MX+H.)JV;<NO?D-JA
M:=%0NOAVSO[>KHZV.!./V%Q81*V$PV";C-V5-=9 41.JJI)XFXYPK*A\J<A2
M6G(\.SKT.3@=#)/M@U)F6C1M?4C_ #=S4>O5QLE%4<D-+H).^]+WJ9O%Q?*L
MCD65EA%3FCY,Y%(L;6.[ZW)YM&VTLER6L9TPKZN-&)6&3[BM HLBVQC5'RU7
M1K688-01R.FR3%(,YUQT66V(]MDE/61>Z1&* T;P&>[Y!+1=-4ZHO5%3[_AF
M65</X>.=\@U,2$Y18TL2;9++1VSA1[&0W4UK\:1,./%=>D!%8-#<5M!'<ORK
M_P"&"R__ ,_\P?\ [KXE<A3<:[?*O^<+^9R\/>I+=G9R#^M2NW\:=QOOA/#2
MQUBK"[J2$_E;NYU\-?JWVM(AMJL:4;6/<C8XV<Y$+4&@LV+CM_RR_*(G"Z+\
MW3Q-9F\ QFK((YC$<:Y#?].%@.@[9L)W#6S[>NJKM>W)IMZZ[DJ,0]Q/&%?Q
MY3Y&^QZ+)*]J]I%H85K(4*6SNJO)W9"O0=JZ/SVGF11!)T6MJ*"2[BVL8-94
MP(QS)MG/E,0Z^)$:'>Y*DS)!MM@V*=5,B1/#U0WF%[DBQGSCOV6,XO9SJ@3;
M4!,F9TM*]'PU)='8R/ 6U5%5115:3/,#NXN0XMD,7U599Q=XH:"9,R(TF.\+
M;C+[+C9-/L.B#C;@$!BA(J? <B")#NLWR.4[4X-CDUQT8LV<RV+LZULTC&TY
MZ*$#@$^C9@1DZTTA@KF\?U[EM# HLAK<KN,3L4IV)D6DM2K8=39,VM0Q/F6+
MHMJW<@PXA/N?G,.Z:)H*>*ZPY3RYBA*Y-YNFJV(DVVN[7TVSU+D.JK(\IWM-
M]T4<?,0:%3$5-"(465><69?"R2/7N-LVT+LRZVYIWGM_9&SIK-B)):%SM'VG
M5;[;FPNV9;5^.6<CY6^K-%B5/)M98MDVDF8XV.R'604>-L2D2GC;CQQ4DU<=
M%-?%YRIQWQ5677&M;<2J]8%1@=EDL"O5A6)2PY$J!8LV<DV&)37JI+/;;3<I
MJ+7D+^)W-6SA/*==#<G.T S%E5&10(^U)-CC4I]&W=S>[<_"=0G&P^83>!#(
M/[#/+GE3&Z/+JMN"L/',>NVU+ZGFD]MV-CC-?(9VR&'1<)73D13!UMAMXT)$
M1?"\S8=G\7C>V;NK"%@X6+-Q .Z8@,)&EWC&2T4AZ3"9]0X]"10AO$79=7\.
MW>%72\R+>0P':$E_D:/?$(BXX8BDO-ZKU7_;*B?ZJ(/X1%$&/S;S[&B8[)0%
MG5LS,\FRAIM=0=_(P^LBUM41"IKJOJ&NH=%4=J^!N*2-)RW/W(ZL2L\R0&"G
ML X&R1'QZN:16:YD]5W=ON/$B[7'W!1$3QA^"1I3;,GD'.&GID95'NS*#$(1
MV,Q&P4D70)\ZK(B1%TZ(OXD\<0X9Z8(DR!A-//N&0TT'(+]G]09!J2(F[^ML
MWTW?>B>,@R280!$Q^DM;N4;BZ $:J@/SWR-=4Z(+"Z]?'/MSD\]ZLRF/9XTQ
M@F7"4@_0Y2ZUD-MD*6U>TK;3\22DJ"+XZ*X.NYI04?GC<7<VX)+S?C2$XD+&
MY$N;+&.Q$%51AO!<]2)-8=BBTP1A52V5-I$$42(FJ+W&^/.7RL]BJL0Z[#&X
M/<T+:'U$<S<<VZZ:EZ7[UZ=.L3#,+QAS >$JRW:=LW^Y+<QR K.A#8YAD1-0
MTM)K2:E%K(C0H)$*]KY2DC2\;X2P?HJ]#E6EM)%M+/(KR4@+8WEH;:=775!!
M ?)IH&V@^0!^S(QC/\5H\NH9/5RMO(#$YD'$_#(BDX.]EX?,'F2 Q7J)(OC_
M #4]GF7WE1=4[KD]G"I%Z_!O8@"!&;&(Y3O;]0A;4#T-F?Y@*2%)<71HFN'O
M=;6KA.;0'PI4SN; 6BBOVH+VO1YW1G'BC62"^7^K9$(RJ7SM1@3>0F!(8&B$
M)"J$)"2:H0JGFB_"J]F?!SK[SLVPBU.<N5[QL%?7TMA)A8Y)FMI^765L;61:
M$BJ*DABXFV,2'%;S7%ZKE?-I,01O+[*XI3J<)#@)WXU!CLDBC,,@6J-O.-N2
M%\U<378/.?'TJ5'*26*PYDAEA72;DOX9E)TCTJ.9MM:M@63*GSB)?FIT\]/$
M'BRW=DS^..-G?HEI$C3'$C-4V'5I7N7M.(VX':<GV[BU+[K/YJ"K7S)VD4 H
M&:R U1MUZ5+=.W$8"L"K&/Z0:X((@C:,(U^7VD';M^733Q[E\<QZ&Y/K':R_
MH,2I'!WP6I\V?6Y#QU86JNOH9MU\*R<%Q4-5<%PTT1311G<]\P<M6=':9B,A
MW$7;ND?R&TN8S$ET&;.6PY:4H0:PC!P8,>,&A-DCS0@SVT=G^S7FZREVU>ZZ
M_5X;+ERGY[5':1JURZJ%I)\IL73J;:&GY#)_RG5901:U>'Q?<A36VIMT:A1X
M92N&(_6<KLFGOIS+B*8+V&!9<ER]J[NS'-!^=11;CW,^X>7-R3%[#()LF!6V
M#KO=Y$R"*\K,R3/< VU;IJ\VDBMQ6=HN$SZ=-D>.;3N#A0UL6OJ<4Y3QMH*^
MN9B0*^LJ'L3S&M8"-#;1D4 '7([0-LCT0]=NU%5.)A>;!N1:!EMV[L5LMX6>
M;9$[!<4FTZJL5&-=VJI^'[M/'N"_Y(<K_P# =]X]S><J0H]CN0YE,@(3G:%R
MW/CO%HM*QW-"T[DN0RWKHOXNB+XY*SM^,3)YGG$*FBO%_P"^5F&U.YIYM-?P
M#)R:8WK_ *0%^SX4]/9,A.I./)]*Y&!1U"'&P7 /UDP3Z'^+_;CZZ:#YNBGD
MBEXSN,,QN'.S*SQ;#J_?VU.44R[BV]I#8%U"12.OI9FNB:H*$2:*FY.+PE@#
M<O(@R#+7D!/-F^R&RD51D2H.I%!"*J].FNU-41%7Q&[_ *=^@XRDQGGI*GM8
MJX.!<=G=2),MS?YMW3Y#T3HIBA)HA%XY=]QUDVKM3BI75S3=Y71>B2LL]7B6
M#PG&?PDC-%"F@N]>AL 2#KU#['/$K?L[O&^15FNTRU^M1?HVS0.OS>OVZ^2:
MZKT\2;/:7<RGDO*K@C-65U") H,= &U;3<@(M&2[7.NXC5/E)/CEMP^0 S4X
MS?6;QN(:M@U JI4IPC1O4M$1KKMZ_L\<ZY%J[I:7^"TNBH/91:&NR6<JMKY[
MO]Y/GUZ:;=/O^/MFQYE#D-P_\EXST<$)\&6W.5+ZVLY)QR7;\L9Q#<_:#2:^
M7C)<.NVA?I\JH;?';1DA0D<@7,!^NEIHOW[)"Z>.=O;;DLD!GP)TVVAQD149
M'(<(MW<2RX(QEM52>!R(2"J:[(:KTT+X<85JJ/?E\GK.;3N"AJU7XI?,/*+7
MFJ:V8:DGEJFOXD\<'<8L24"\SO"N+<)GFRZY'<^A8MA=/8Y$^R!-[U!QZ#$B
M. NS\N66O^BM/B0-A7YWSJU5);ZLBLR1/S86;^^;FB/_ .4HJ\:M2UT$]GWE
MUP<Y30-6?(3T[DNP0%(A)K)0BM8^>IB'4JFMKR)--$)51-?Q+QS5PY+T4,5X
MSJKNN=;(P=C7-KEN2&_+CDCI(BH%+#VD@B6YOJJH@Z0)+NG<D0XK[FB:)O=8
M ST3_$O'/"@1 J\;9&&HJHKM<B*!CJGW*A*BI^Q?'MXXCQXXB7MMR+R1;RX(
MKVO5V>96.#8?C,ZT[(&1+_NZ^PVXHD2 *BFJ(B) K8_2/7PXL%C_ .YB, PW
M]Z_<VGCV_6XMNE&3_,RMD.[?R67R_0LJ(V1_Z3H@^J)^QI?%?:*;(LRJV)/5
MT5V1Q:?BMR%,5,N@:%JFJ^7B]Y4%%LN/>*Y3MY3/.LA(@)6X>"4. ^E>WD+;
MDJR)+QKJ:ZMO**)IN#P[*E/LQHS#9.OR)#H,L,M FIN.NN*(B*)YJJIX:?8=
M;?8?;!YEYDQ<:>:<%#;=:<!50A)%145%T5/L/8-GS[DSD*VDLW/&=93>D=O*
MJX@*3?UZ>KZ_T]83;CL24I(I/(ZHLBK@=QJK9Y4L),VUQBB;R#C[&K-.[6Y#
M;T:,'#C2W9)DI!7QD2;$A".QQ&-57M-*T[]CV^9]6"3?TR3F=8MAM:<"%:1W
M\5NJ(29?5P24^Q*-$5LA_(5#\T3Q3WD0A*+<U=?:QB%=PE'L8C4MDA+[TVO)
MU\&ZX0@VV!..&2Z"  BD1$O[$1/'/$CDUN\ARJQ<8LZJSQ2P6M.GLLLL,MDS
ME:;FLVC#@E],%&VY+;WRBNBZZKX*SX_]P4FL%LR6O2TP]]BV@MN,JP\)7E+D
M\?N*0F:*018^HEM5/-59G<@>XA^S;;T:=]%B,VQLWH@+N".S:765$C/5PU35
MA]$_T5W+ID?-LW'I>99!A-:4V#D.:S(MI<R;M]Y(]-68[""'%@0Y$B5):CLR
M6H?>;$MQ.J*&JY'[@/<#D-Y&X_:MW:^J@5SKD1;4HLA)/Z2P])@2AA4L 7NR
M^^TA&XZ1HCBRO4/AF^;<8TUE@>3\>XU9Y:DD<@R/(X60Q:*$Y-G5=K"R.WLD
M;5YID^T]$6/L=42(3;16U;B91+DV5AQWEUG@L.SF2%E2YM'&JZ6[ITD.FB%K
M&"[6$&[=^7&;^95U1,NY!R$C2FP['[/()XM:=]]JMBN2!B1D7S=>(19:3[S-
M/'*L7+<4Q['#PV3CTZE/'WK @*HR)+9ANML0L'I*N2&#I",I0$T+G?VHPWV]
M3\+20HO9-WW,4-L\V#7:5(4/(ZW([6:(HVO58\=Z1N5-"5=RKHJK\.1<ZR:(
M-MA/%UE<V5?"E=N=5R(F&3F</P.(X!Z"@O/#]85I$,5-EP5W"JDL+D9B,U];
MXNR6MDN3$C(Y*/&<HD-8_95_>%1(0]9+KY"JNY$["]/FW)P)[8L9G3:JHJ<6
MHJS+Y,Q7%C7=[C<$UNLZR=R&Z?>BQ8D!LXL=S9NDD2_S7FD#E^36XBWDN94?
M&657+6>9,XY-ODNZNCE2XTZO;0QCPA%QK46XS0=.AD:_-XR=B2^X\S5\R9/!
MKVS748L1S$<"LC8:_P!57[%]W_%Q?A=XV#SA4?%U56XA6L[T5E;%^*S=Y#,$
M$3H92+'TIJJJJI##_!.-F[%KL3\M&USMUO<1)Z/)[!V50NCN\N[6MPW51$1-
M37S\U\5'%F<B=IA=+]%I JD>D1!>I<?XP>Y)L:UUQMY"09$]Z4+A-*VJMN:(
MJ%\WC#,AQ61,C<,<B(T4F%*EEZ6-B5Q8)5950RY3JO$^M(^3-I$,]"V>F W"
M7NF6J=47JBI]_P ..?:'QP1S[67<TEGE42*X>V3D]_MC8?13BCF2@U%C32LY
M:.MD"#*C/=%973#.,<>$5@8I3,0792-@TY:6CFZ5<W,@004[DN6^](/]BN:>
M2>.*O<[QI &J7(KHK:\AP-(<%[,L<>B.VG>V"X+8WE?.5N4(M:.$W)=-"-T]
M:N[KS[L"XKH5I"<_]9$L(S4N,?3]H.HOV2,R0 !%(B)4$1$4U4B5?)$\3L<X
MZJI?+^0P35B3.K+)FFPF/($P!QIO)"BV1RU!%)=8<5UDE3:C_55'ZIA/MAKW
M*!T-S#CG&W+64[OF,D/ZQ4W5*R:;%'R83R5?)=$X^Q7DR#"XQQ7$[PF<BBTL
M>VL$B6$ZP"OM\CFU$Q?4&_7PT-MJ'N(D7O(BZN[1PAKB2RK+;CNOQZNJ<7F5
M4@9,=:ZLCA#!MX^A)(%6E22+J"XCN[N(AZ_9]L_%QO*HSXX XPPXA2FV\\S2
MLQ[O P#9&F_]/JC9?-N5M41-1746VQ%MML1   4$  4T$1%-$1$1.B>.9[$E
M+NV^+_HZ.V&F]US-9\/%GD351Z"S:NNG_JMEIJNB+ O4%>]GN;Y;D9F7WMUT
MIC#6FP_U17%S7_$B\/UUM7PK2OD@K<F#8Q6)L.0VOF#\62VZ!)^XD7PEF' W
M#XS1>]0+R<=8GH+_ -SPL_2MB$B_,B[?Q?-Y]?#,&NAQ8$*,';CPX4=J+%CM
MZJNQF.P  *=?(43^P>L$9CXWRI503#&\TBL-B<SL-N%&H<I$0W2H)$?R+KW8
MZKO:+:KC3MA[/.>%GQ,DQUZ=4X%)NE4YT&52MF[*PB3,7=WHZQVEDT\C<0*T
M':;,FSBBF=\G69,+^F*.0_5Q'RVC9Y!*VP<?JDT5%7U$R0RV6WR%2+R1?'+W
MN/RHRM\CFW;^(5MK)ZO+;VR,97G5DX([0[S_ -1KT0Q%%$7'A307%12,R0 !
M%(B)4$1$4U4B5?)$\<[VT%YN0Y.Q*^ET+SJ&Q,?H)_(%1)DO#%<V$@DOH5=U
M'454$Z:];.ZGN(U!J*^;9S755$1N) C.2I#BJ2HG0&E7KX]PG.]S$TL9R#7-
M2=Y&U]0S[(IV69$TSN+J3:TL74R'7:]HB_,2+XO<<JG1]?R))XLAQ4)K1N-8
M7&/8YBS":-KJ:*<,727HJJXJ?O\ %#BU)%:A4V-TU9154-AL6F8U=4PV8$-A
MML$1$06V!1$3Q[9.28KRP_6K@!27  FT63B7([KLJ0X^!FI[XMJPR;?;_ W_
M !;]$P'@B@D@XWC$&AK@@%)<".N<<BRHCK93A!"1-L)ZLV*H$0B\:IT/3QBV
M!XW'&+18C15M!6-)KKZ:MBMQD>=(B<(G'%!7'3(B(C)2)5557QEFJ)TRC"%3
M]R_J",FJ?^7QQRT\ZKTG&YN78V^:H Z##RFUFP&M&]/P1+&."*J:KMU75>J\
MB5HHTI6&"Y=!1'^K"K+H+!A$>1 <^3\SYOE7I]WC*. :2-.D7/(W+-+D=LC$
M<GFGJ"EJJ\:ZJ8$"W%(DVD>,X @!](FBZ*8Z\:<</-@W:TV/-2LCV&KHKE%X
M\]>Y&@/$#1& 3+%YIE2%%[;8)HFFGPY8BVI@],L4SD*LS<WD!OX_57$8&ED;
M"U""PXWM!%T%%1/D37QPI[9L/,)ES(L8EQ80D[BMKDN82VL;P^-))H'5!6F2
ME.GH)+VYHEIXQ3"J@=E5B..4F-5R::+Z*CK8U;&4O/JHQD5?W^+W*;R4W!I<
M;I[*]MICQ@VU%K:F&].FON&XHHB"VP2]53Q[X_==8LR85E?8]:8+4%%>3:&4
M\]YDP=\] E;6G$>K8[HN=U%;T"0JHBFH[?U=MUF\DYED-R;RBB%].Q^3^D84
M1"T340>I9;J?O?+[/.&B*O\ NB"].O1+FK55_P#-XQ81,25O*LW!Q!)%5LUO
MGW$ T3R7:X):+]RHOW_'D?<^T%KGD!..*2*;O:.8[E@G#NA;T$U7M58SWU33
M1>WM54W:^*2VFQW8UAR1D-WG+C;WXQKWO34%(0HGDV]%HFY3?[I.OWZ)\,4J
M=O<9Q270Q&%4W'$+]/\ $\G-'R$%1G9VY$AT=$4DU;W]=VGPXZYR8%V'B6?2
M::^NI&X AHR^U^AN1X;8MHBD00W&[(D<0D[LP51>F@ ZT8.M.@+C;C9(;;C9
MHA 8&*JBHJ+JBIX]O/!5)*/ZM(!V0<="<*+]1Y'R.JQ>@*2T"H).-KC[RBGX
MA!_IHCG7VK\8/F3..^A;K ^;YV8^1Y718]-/Y.SU1BF9ZH0^7W>, X X_>=E
M<<<=SG:&RLJWNI ::BR&9/).2L/-@^T+<=BN"M@.F" X^R" :C(#6%65[#<6
M!71(\&%%:31J-$B,A'C,-HJK\H V@I_AXXUP-J>VV=_CO%N%6#K3S0N5DC(\
MSO&4[INH8MF+%RR^F]%3:8DJ:+X!IL1!ML!;; 4T$ !$$1%/V(B>.<G&#V&6
M&.QU7:):LS+&OB2 T-"_$V\0Z^::ZIHOC&;B3&1W&N+-N?W;K@:M?4*YU Q.
M&*JNG=*Q)F0B==6XCO[/A0Y5$9 UP3D.HFV3A;M[%+?U]G0.DVJ"7G.EUXJB
M[4T7775$1>(J+'KI)/)_+'&\/"I+D8U;F4M5C#/Z.SS()78V=EV0[6NQ(G\I
M2.0;S6HL$GB):9! 2)R!R><3+,F%UK9,K*M6"3%<;?WL,."L:/(*0^RXBJW)
MFR U5!3X<O#![ZO16\.GN-L%L[D.)GV+N6'=^8=0!CN.DGW[/'& RI3DMZID
MYI3]QYQYUUN/%S;('(,4G'C/Y66)#;;0CH(-B (B;?C?\AC'8G9 ])BXUAM=
M*U]--RJW;DN0O5() JM1V(4B:Z JBF$8@144M4:]TONALYF71<FFE<X_C%MU
M<R\HKJ,Q;K(T:[#;54"QMD.J9;%MYL!U08B(T_BON]X>!RCM<<LZ%C,_H\=E
MH*JRK766<5S'T[;*"K9]MJLG">X"_ID4%0WE7'>1J0HS$Z0TE;EE&R_WW,;R
MR$TS]6J'E) +;^:+\8B$5-AYIS1-VGV+RWA1W9%CQMD%+G+(,(BN%7M+(H;Q
M3U5/RVHEXY+<_=%U^[QQR7=;*TP2(?&UPPVYW%BN8B+,6E ]4144ZIV ]I]W
M<T3R\<KYT_(:CNTF$WGTPGG49!V^LHA5..Q>XO\ $]/G1VATU55/IU\<A9S(
MA^G/-<Z9K84@@%#GU.(538,O":=5;"7>SFA15Z$#G3KJOPX.]O&.2!*5D\X<
MHG5N]P/6V5O:?H_".\H*OY?=^I]% _FT5/P]</XXQID&:?$**#3L$+;;1S7V
M&D6?:RD;$$5^7()V5(+1-SCI%]_CG:PLW&6F)?'.0XZRKPH0G8Y9%7%ZIL!5
M%^<I-NT@+]RZ+]WCD3_FY._X-P_QR*W&=>9*VLL)JG39/8JQW,QI9;[1DG78
M8PU T3S0MJ_*JHN6<BS(X-R>2LN)BN>313D8[A;;U5&-2VHJ:6,RT#;JOX-?
MO\.//. RRR!NNNNF+;;3;8J1N.&2HB"B)JJKX@\@A':.GR?-^1W<?/\ -1/1
M1,!RJNQFP-HQU[CK,!@R%=-IN*O\*>.1L^D$J#B.%Y%?-")"#CTR!5R7H$5H
MC44WO/HVT&JI\QIXY<Y&>;=0\BR>DQ""3@;6TCXK6/6TQR,6B;D<<RIL37JF
ML=$3JA>.=*<8ZRWWN*\VE0XPM]TWK"KH9MK7-M!_IJ_";V?L+1?',.?O1B)_
M',7QW%H$DM_;']66<ZSL!:37:IHF),[ET4A$].B'UY]_Y1Y[_P -V'C-O^=^
M2?\  ?&OB3.G2&(<*%'>ERY<ET&(T6+';)Z1(D/.*(@ ""D1$J(B)JOC-XL:
M><W"+KD+.^2,CM1<DQW#XZ:RYQYEN$D@@?;64-I"@1Q_$SZD2T1&UTC0H;#4
M6'#89BQ8S "TQ'C1VQ:889;!$01 001%/)$^"?3M?^]&NYVT(%U#VX EIKNT
MZ='M_P"WKIT\<.WQM#]1K\TOZB.]M'<,*WHVIDQK=IKHIT;"Z:_=XP"REEOE
M6&$XK.DGJ2[Y$NB@/O%J9&O4G%\U7QEN?Y"XK=+A^/V>06&S^:ZS6Q7)"18Z
M:+JZ\0(TTGWF:)XY6]VV?AZV3#N+.OH''T1]H<PR9KU5J4$W-5 :JJDLPV1T
M1$;L 0?Y>GPP*<0(LF/S-31&CT'46)N$9Z](#737J4!M?/\ A_P\<!OR"4W5
MX?X[;(UU4B1C%:M@")5UU71M-5^]?LX;P]A[LQBQY?DW#5^[7;BGR<8J/IT0
M\=9;8+N:6<BY!LT$5[C<=QE=1<)%I;2YH*K)N6Y<!B1D656D9FR6HGO@+K]3
MBPR6S&*PPJ]KOM"+KVU2,MJH RF*&<#?)^>L3J/"&6S;654"K2-VN8$T8N)M
M@#('T^X50I+C2*A CFEQE'/F,':9-S PS8THS5*/D&%8X/?=IKBLL!4G6)]@
M3_KW5520F?3M/-K^>V3G&^;6$RZX,Y E19"VJ@\%;*J)3PPHN<5\7>X#%C6K
MHQ;QPU(VF]-#%8;GAF5&=;D1I+3;\=]DQ<:>8>!'&G6G!54(2$D5%3S1?L>U
MVQ?;<:@?3N'!28;9I&(X7-.4OS&P>V[5)H)+9."BJHHX*K^)/AQKQK'D$$O+
MLNF9-.9!/QU&)5Q1 :?73H)RLB9<!/O6-^Y?'%N!.H*2\7P;'*RR4&^T+EP%
M:PY<O(WUTWRW'CT557YNJJO7^TX*]Q6)-MP<E.:L:RD-$+'J+KC^?3W>+SGT
M:V&;AM2W8SCFJ_E1&0\D3QC_  QA$ER3C&'M1\HRXXJJZ$[+I-24EJO(FDT(
M*B'+<1]?(7WG1-$*/XQ9QI!0Y659N_)VHJ*KXWK\45-5\U[<9OJGW:>,UN6I
MHQ\JRF!)PG"6@)KU17V01'XIV+#;B&BI7QE>FJI"0ZLB"_C1%XXL,WBN8YCW
M*V+/T V%KK%:<H,ODHN-78*71(SUKCL9ONN;!1O<[KL1%7FRS=)4*TP^1B#
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M6M/Q^^NE7WYQO>UK_,0^:PJ7/A=B9]/ YT3$,(2]SP#7;VR2I$OKZX8EW?\
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MXQ2'K\L(^5/UT$MM\%L1@$AE\OPXOO!V_P _?@$%,VBL;OGJM5Q]66Q\U_?
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MNG %$6!'YDY4Q%LEXO[#99-(7TQK=&(X2=6E8M2QG" I%%H"9$I6>@!0 H
M)5708DE#EW:RHZ$N(*T3"C-W61$11Z,;:R.5&H DRC;=78P6*/I(;\2/#88C
MSX9Y52, IB9C/P   !!TE!\A,'3I+(2MFD"KE22I, 0X=#Q.#[>72U*/.>1)
MT'\!$F-(2$S RZE%)FA"F8#,*T3"C-W61$11Z/UI9+/IL2A8IF1T2:K'(-3/
M"DTGPL:@H4I9$9?9<F\5]:>,B.2^E4G'TW&5,I!7IP+88+8V2Q2:PG@;H,I6
MG=']$GL* X-!CR05@  $Z7?A"X]OJPSQ#B:D874BK%B]:",'.50#V2D BI
MS636J=8PFSZ!Z+X"]I6$]&[RDRA8M2,2_*H3A0".AKC";! TJ8 0%+P'XHE#
M?Q/(&1!DB9Q@-\"$P@ X\,8EE46E%<Y23'^V6T;9.(/9#\=82Q<0VQR),_?3
M# [E5UI6UK'6Q+')H,<!5#(ZYGM7!)@W%"GQMSXQAZ.LC! <MG&!1@I!#(]#
MV&Y2OY%9S+E\OJO@JC#"2SA6B849NZR(B*/0#BJ$[MK  MAER<1;'L87IE'6
M5P#, $51@S-@K3W6H6@8D-+E@<A$?*F- D#4PZ))CDA#,F/75.!#.^&^2 J!
MAF-#6SZ8 F90>!GJH3C(C-L[]6B*H>#O1.D9>*>DA1:BYYD7155T3KC"!@>*
MLY?#F2;=2\NJ&B<K6P@ 5S$;T=7%Z6HLQPQ5-Q!RBI&MHPH@=[T/02S$ZI24
MZ/4F0%0N DN&%3QX! MHD F),8O[L&K70.'0B[0..W<V2EC<D, 4;0E-(E('
M048UQ@_8M"Q(QQFX02&6> (SPB==B06]3( LF\I(L\8_[VOK1.@;P7W1#+1B
MHH85#"CIAH$397JH-BX><*/000*3#!CMUB4E^1"*2<!=RF)DB@\5*IITRLF6
M#=QT6N'N9!WWHC"98@9,@R8'#Z_CCQNC&>QNZ*_*$M".LH#E&'WI,GQ&">@?
M>+E\L51 2($OL$B22@\NE<!GJM,C(*R/0D 4.KQL(D?EJJC:1A=.W2R#M)H3
MLY#K42'3Y,O51C0X *QFS[8)>?"=D#PY#$1&$<J?-/+G90L'1">:S&%V8 Q"
MK%$8JF2H-!AGP"(^H(Z'"@A4#+CIPC#?Z"$T82A+@D!SM2B',NW#$<M9*$@R
M6 $DXED%#,._0(%K&2QY.)@?665C"*5\TDY[LN8)375+2,&O\@('  0 ("!)
M$38]".L3)O"T_P"$Z8V9Z23S.+YN$81EJ?#SZ@&2,6YC%)1<,J6:J<."6+YN
M%A4/X%4$R*, ?C323&DM8R#LETZ+N21D\:+,9[P/_P#(%,6Y[C+DN;A9KP39
MC"$IX@3_ $2I[]<ENR^/#40L=>FEOI"<G@H=";2TU#'>M8 5 [U4XX%%$X#C
M%&$(YNZU"OX:<:MALK%R_P"5)W =>YAX,;(,!A>4D(A1C(NBGQT)<&0N$VL'
M"""@&S*B#RN1_P!.LM.JZ)H#KA3BR,29>9]8$1(-:-(-O"4BV4*&S"RAEB@'
MH!C)C(O8OM$^- I_,1A+-2X)D# 00:##=BXVJ>16HK"0B,&,' E*Q*$>"D<L
MQKW5 9P ')!:(,GW4HDDK#)XC5K)BJ9I0.)@(_B'- (B*(]-0_-"3$/BG89=
M<:&YMF"T1XP?H9G-%@ I#QKT%((>L;3 1 W!"8;S^E?&(35HQVVOQ.)RK,</
MH(S4^6C"^4 2MN#/4R,($EZGU-14J<[@M7+"XC+PN<'+O@5?U2ZG$[)L&)&\
M+@"]DL!+L@1A$>#FFX=;(*-Q SA&!)*>""8"C:#TBN0OY>>3K" H0?YA?\4#
MX_3X-]J<#ER8-$I'0JC4O$).P+$9L1L2_3I_(BFCU/# SW4@PD@E8\@G 0*,
M,IZ#!$Q+J2>O@0;D:0% [1DA 0:2 NX H&YZ@8<7))X*F 2M  *7H)Y8+=2(
M@B).3,?J%$1%=#[6$2I%$D:YZC"V',#MPJ5)W">\8S-:04! Y$*[D/,4G$+4
M$\AA,5@RO^*;$#)A)N$TS;L<P20<8G4H\,=1X9E!D7#._B:I@@P2J+$VAAF0
M'92>8OKB$809NE&F"VHTY*C^U@M1SC1L\Y"+N2,P49ER ]!52M-!?B48!*XE
M:MO<DQO($4?!+PT,+NS&B#Y,6N57YOFSA?X6MLQ*7:$/Y!!%5LFOX<$B"!(S
M@:W3.IL @JZ#)KT'.S2"',82M)/[#\2&2TP L7GHY6>([$3+,![&[;JDMBN+
MU2/02=P//>0>O)Q93-)\@201S CHG*ISI&&3QW8:(1.%!J#."T'?\AFN_J;H
M*Z3:G7GSA>@(38!!%F G6\N6FCFGT\PX$88JQ4^E$W-) Q:,J3]VK./3Z>@Y
MC% @&+ A(&;_ #!D2\$J#M&I - &#,[&_,H %$"M/2C"\4)3)#'C!A+;I("2
M11<K.0 ( $! DB)L>AZD<H&Y32B5#":KR@02F.(0( )+VHJS(>[HA68=(_'.
MB3BR[\+@(_B', "JH 9&U'@#(G#0@<!8D69!"0U>ZR8<P^)I42M0F4WP$V*(
MWT1A#3&?"D+)_P!4Y,L CQ04Q,QGX    @R!R"H@>]#A9J, .'8\O(@J4N]S
MA%O#\(I.-A>6%]<#AL#6A* "$QR/F,X<6V"E6+_@OM>-\LRA0GB(I9Y-OX4^
M,F/:Q L> DB>DO844&P<^93[]0,$<!'\0Y@ 55 #$?EF$>@ 4[LF8%4U+5R0
MV4!%H9):B#W;/62P"=,,"./[/[1,!",LQB;7?4 1D2*89\>H) $4K. #)D<.
M=KRD47D,YT59U8LX0D+U!4>CIA$G"F/-0C1MA@B "4<@V;.HJ04P!M6TLP$
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M\"NVXFYUSF=:W2=V\T4N*A(Y:62L%O8XB'46O9 [)$;; $T7P]\2*F"T(31
MY'(V_IXL"\ @*#(*2J5U[KK)AU$](I^ENQC4%1DF!DC])D[T9'$XH+E*Q"44
M)<4L8<IV#2V93=9.EPG:^]-MFD @U48E:)A1F[K  J@9'%=4:L"(Z!L08?15
M,\I8DA IBS8& 0A)*Q0@*X,!%[9V&9<!89$2$^K3 ZB"R2==R AD!4,7'>$0
M!<$DWGL&X.@U!\&GB^(7-4  !!T:T8#I D&IF%"4D2VQN"63K9 F:+$<B_K
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MX4Y MV$/OS[**#<RI[R.H')K*P-E!B@12(X#/^5+%*&0"NNJ4N5,0@#?1=B
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M%RP>M%@,2NBNGZ;L1D>@;BX""4#PY,_!G\0FW2<#@ #_ -#..%R$D!/+P?G
@]5 /'*C_ +UD_P#=S,324])F.Z<PMKQ-?G_U0"Z?_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>image_008.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_008.jpg
M_]C_[0 L4&AO=&]S:&]P(#,N,  X0DE- ^T      ! !+     $  0$L
M 0 !_^X )D%D;V)E &0      0, $ ,#!@D                %  ))1/_;
M (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$" P(" @,# P,# P,#
M P,# P,# P,# P,# P,#! 0$! 0#! 0$! 0$! 0$! 0$! 0$! 0$! 0$_\(
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MV@ , P$  A #$    +_  .,^K\"AME? 7@7M$<>K^9]BL[UY7!YEBM@
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MJ\-O2L.[.N_..LG!,QKMPNKN[?W/)[H[.XQHJI6/T[";^(=@D^,,;%?0^/W
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MY_2OC-JMR$V6T L_PFS7!:O;M]^:9T.LY/VJR**2<,LUQ&PVR*UKE>P^7]J
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M4[=NW9<WQ+_D<]IFOK'.'V<5>,97:34A8X?#6B#M7"YK;'0'TB&8F2)$9?\
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MZ51DJ+'!XQJXJ 7GRTS!N70W,=.27=\F=A5#Y+CLG\.JMFAE%&4D$<1%Q&7
MK%G[Z,\RL&;P Y'WABM%RKI=CF4?'Q"IL^/QK;3OT :%&H63>^_%V@U\<1S4
MT,_Q+T\5A'& JC,!<!:IML^\1U\]?PVJ+P<G=?\ ;-C_ ,!WEIM^RCKS'NTU
M(O:(Y6S^;EEPV[) )GKL;5VTG$C7 .*Z>6W=>Z/7FIZ5:>&PQN\Z=ZHZL:FN
MQ6XEB+JZ!G%]>3)[N&$<\56A8YK^TAU&FB\9[[Q8PM@W8\:T9?24D6]UWR1$
MB_FEJ#)0U)J02*<0SYZW4RRT'K,/ZU/F]H<ZUYZ<+!?X2Y%P>%F>-$B6JJ[
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MDF-Q3;,<:EB=0_K=QFTV\)+C,Y:G%4W#F%V3#I2C2CO6Y7O'T:#FR8;="&X
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MKE'C*/'Y1IU7Z,N"=\W?Q?CC+C$/C/M^F WQ\../RF4=)RXJ?RY9&Z7)X$6
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MLJ@  X@+@+1[CA/6EZ\GF@]4<YO^;P<+BJU;8V6\Y.H:\M*\^1-X(.KB5O\
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M]DYKB=H)BL,P>.10RL,Q5A4$<HX."W9^E>4R\BHA4])D'1EP>]*@F6)2U/+
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MM'Q!UYTCYNTWS==E@@4L[D*H%Y))H .6PBE .+FHTS#CT(#Q)6FLU.FV+WA
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M8PZ[6L'SK]YU+08S&PE?5W[&GNC5@J+J/,E94_*ZH<:X_6%>A1C[L=#8N67
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M@S*2[I0N/*C56D(^,TK<$L0/=BBJ3W/LEXT\Q&/Y;C;,7D'79]Z8B&;)4Y_
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M@F=%*OE+D.N2LQ$C4/1Q\BQZCQ]4?F^3S'#+&8ZWWM+D: V[4]!F N4JK$0
MK)!';\KMX,A'B#[+_%IY0USB>3?R(RWQ_=&8,EVN=#\1"9 65^91M'L_$"VK
M&-UXAGXHG4L&2:SC;%:%U*@D,LLP(]L,.N[R8HXMVFF[RT":Z=]-=/9)^)G'
M*NE#(3JO*ZD"?#4R$S;8\TJJ-%@R$A"V/FL$/W,K:=8WDF!L^ER>+L+/ YU:
M*0=UFK68PR^;5M0L8Y$U&Y&/5+DN)(C9_P"CY3'LX>?%92)5-FE-IIJ!O#QO
MH/,B96T&N@ZBY?4B/W5S",/.R@[*^=HQ1PW(V\0GK*XCF7OJ[^;^;[,9R+"6
M34RF)M+:J3 :C< 4DBE74>9!8A=HY%\&1B/?U$:D\6.Y+!"IRO'+$JBU"ZJ/
M-L4-VAOXTOX2+\2 @2!21K[9Z:6UY)R./<BX3#SQR"O,/=E<@/,K8\*?%?M)
M_P#S>G?J_P \Y?+Y/ZR7B./86NC08[&8+'-+#%)7@<F5Y[UQY2\TA9Y8TC(.
MS:.N<S,>\V/J8]0-I+-D\K0Q^@#,NNBV23IW"@GOI[,/_P#JF/\ _O<7R,GR
M3-V88*U"M-)##)-'%-D+:Q.U?'4Q(1YMNW(NU5&OS^ /67Y'EY/-R.9O3WK)
M77RT:9M5@A#%BE>M'I'&NOPHH'NZ;DUV /B>%I%>3>/@ESUDNN)0 KHWI/*D
MLZ@ZI)%'^=\G/2)&$J\CBJ\EJZ#0$Y!7AR#'N=6?+5+#'_E>SD_!;,OVM.>/
MD>+C9@2:MGRJ.42-3\2QU[*5V[=MTY/;W^S\09R2-_%\I2[:^.2@.. [*W8F
MU_PCQ]F.K2ZF*S>J02@'0F.:>.-]#[CM;Y&7M';I6Q>0G.\[4^QJ2R?$WY*_
M#W/2<#Y?9\KCERR6P>6E;2+!W++EIJMQC]3%7)FW"3PKRDEO@<M&&4AE8!E9
M2"K*1J"".Q!'MM9"_8BJ4J->:W;M3N$AKUJ\;2S32N>RQQQJ23UR?/Q(8XLY
MR'-9B-&^LD>3R5FZB-]*K-[/2^AG]?\ Z@/UT_JTFGF_ZS_OGTNNS7UOZL_D
M?7W=M-/9@N2Y; XW(9[C+SR8'*6JZRVL9)8C:)Y*[-\/FJDC>6Q!,1=BFTLV
MM?\ ![\.,=D.0\OOI+B*V/Q4'J):HLSBOF;]A=FD8E:'TB^;I%$D4LQ=5^MD
M.0\C])E/Q(S]>-^192)FE,"NRRT^)8>PX<^D2WH]B95'J9AYDFL<,(C/'A:\
M^=;'WMR"6-VVM>L*34H*/,;;#3@DW^6=57=&!H8^O'H]^O'^'_%U_#^'_#U#
M;JR20W:$J6:LT+M'-$\;*X:*12&1XV4,I'<,O5./.6(H.<\=6'%YZS$L1O8C
MDU:OMK9Z*L#$7Q7):R>:\?PQ.3-"C!X!(N/YWD,=9JX65Y<+^(%2G%))2RW$
M\E-$+')L,^Q?7PX^S'#=9$"OYE?:^P^:!C.7V\)C[')L-4M4<7FI8%:]1K75
M:.S'7E/U2\4CH&^NL<LBJ0LD@;Y/$,)OTDR/(K&3"=OBBQ&-EJN3[]%?-+]'
MLQ>?Q,JPY+#W:]^E(\:3(MBM()$\R*0%)$)&A!\1U$N9X)B\A85=)IL=FK6)
MBD;3ZR06,?F&B[^[>W3)A>&83&V#]6;(Y"]ET0:]](:\6'U?;X$MIK[CX=)/
MRO.6+\4$C25,=&$J8NDQ!7=6H5UC@$H1MOFL&F*^+'V)2Q%=ZV)KRH,SR">(
M^@QD)T9EUU06K[H?LZZ'>Q.IVIN<8SC.!@\C'XR#RU+:&:S,Y+V;EIP!YEJW
M,Q=SX:G0   #[DQ-@R<9XE)8I5FC<^3DLON\O)9+0?!+%&T?D0-\0V(SJ=)3
MT  22= !W))\ !\_7&N,K&$LT\='-DR.YDR]W6YDW+$DL!<F95^:-5'@!\GB
MG-8(CLN5I^.9&4?46>HSY#%ZC33S)X9[(U_-A'S>S$M;F\K$<C!XYE"S,(H_
M7R1G'VF&HC7T^2CBW.WU(7D\-3[.21K)Y<V6L8?$PGX3N\[*5;-F,!@1]I1J
M2CYP.X^3<QF2K0W<?D*TU.[4L('ALUK$;130RH?%)$8CJ?&:2S8#)>;>XW?<
M$^?1WCS*<K_5-W&NXCE_.!1] ' ]B7SYMGCN4\JIR/'(>\M56;RKU92=OK\:
MTA>/\]2\>HW[A2RN+M0WL=D:T-RE;@;=#8K3H)(I4/8Z,I]_<>_K)<6S *PW
M$$E2VBAI\=D8-6IY"OJ1\<$A^)=1YD99#V8]6^.<CJ&M=K'=%*NYJE^HS,(+
M]"<JHGJ3A>Q[%2"K!75E'4-RC9L4[==Q)!:J325[$$@\'AGA9)(W'S@@])7D
MS-+/PQJ$C'(,=';F4*-/CNU'HW[#'WM+*[$^_K:F*X36;_*PXK,LX[$>%CD,
M\?B=?J^[J2OE^6WXZ,NH;'8GRL-39"I4PS)C4KRVX2&.JS/(#_(-(,5 LT&%
MIM%:Y%E57X*./W]X8I&!C.0NZ%($[G75]"B-U2Q>.KQU*&.JUZ-*K"-L5>K5
MB6&"&-?<D<2 #J#'!OM,YR3&5-@.A,%.*WDY'(U&Y$FJ1#W]V'L5T9D=&#HZ
M$JR,IU5E8:%64CL>JU;*<7P>6NPQB.7()9MT#:VC02RUD6Q&D[@:OL*H6\%4
M=NNW!L-_I6[_ &<=-'C<;Q;# IIY\5&[=M(_?5T:[D)*FGS PG^7H9+E6<OY
MJVNX1-;E^QK*^TNE.I$(ZE*-RH)6)$4D>'LX]&\7EY#/Q?K-DR4*2&;+)')3
MC=6U9&K8M8(R/SU)T&OR>-\QKQEI,'D)<3D"NW^H9=5DKS2D_%LKWZ@C70^-
MGP^;KCW)'=A0BM>BS*C7X\/D/Z-?8JH8R-5C?ST7WR1+U'-"ZRQ2HLD4B,&2
M2-U#(Z,-0RLIU!]EZBS:/G\WA,7$NFI<U[7WVWA]557$>/AX#WCV8@GL!E*!
M)/N_I<7R.>W%V;ZW#>331B77RVE3"W3$C ,I(>30=B"=?9#C$FBY%QV':D>&
MS#2MZ.%=?L\5?C;U%%?F0B6!?='KWZ09KCW)\18*ZOZ5,?EJ:-H25]1ZRA:;
MOV!]/_'IUKC\5RO)SD':GH<?2@!&F@FGGR9D3=K^3')T^&C@BXWQAV#38FE.
MUBQD"C[XOO3(M' UB*,@$1(D418:L&(4CJ#*Y2O)#PK#6HY,G9==$RUB$K*N
M$J%OTGG=O4,OZ*(^(=DZ_00_H?3_ *-/T'^0\/T/\WP]M^[C\5C:-W*S"SE+
M=.C5K6LE85=BSW[$,22W)@@TW2%CIUEXL5DJU_(8:2QC<5B8F-C_ +9UDK2Y
M'*Q0-M@@J21M\,C*X1=OP/*5ZLW+<SV+5NQ-:M3RD&2:Q9D::>:0CZS2RN2?
MI/7<_P ->_T]>/\ #P_WQUX_P_AIT>_1ZJ<MQ%>WD>.W-F.YA@JY^#*8663=
M((D=TB^]<<WV]1]1I(-A/ER2!J-J6E2SG'L_CJ.4K5\MC5FK6Z-^M';J23X[
M)U]49X)@=DL8===" ?EI5PO$>67<'Q>E]UU;=?CF7EJW+\TIL9.W5F2HRRP;
M_+A##X6\C<NH()_8;F'[LYK^Q=?L-S#]V<U_8NOV&YA^[.:_L72I%^'?-06&
MY6FXSF*T6@&OZ>S4BA&H\/B[]+YG':^$@8Z>IS>4HUT7OH=U:K+=R( _YG^+
MJ&YSO-RY^5"'.(Q(EQV*UT[QV+K'[RMQZ_F>E/\ 'U6Q.%QU/%8VHFRO2HP1
MUJ\0\21'&%!=SW9C\3-W))Z?B?!L!R7)YS/5GCO9;#X?*6J^%Q4H:*417:E=
MT&5NC54"-NA35SM;R]?V&YA^[.:_L76$MW>#<P]'5R^-LV__ &7S3?T:"Y#+
M/\/HOB^R4]O?\K-\8UC2]-$MS#SR]DKY>D?.I,S[7,<4S PR, 2(I6TZFQ_(
M,/D<1;KS/!)%>JRP R(2#Y4K+Y5B-M-5>-F1U^)21WZ1Z>,R%I)&V1O6I69U
MD;=LVHT4;!FW=M![^J^+Y7A\YC>2X&O'5L7,GBLA4JYNG#MAKY"&W9@2&2]M
MVK9CW;O,^T VMHO'N&\=XUR3+5<;+)G,M<Q^#REREZV6 U<;6BLUZKPO+7JS
M3M)H3IYJCQU'7[#<P_=G-?V+K]AN8?NSFO[%UQO*6J=W'7;&(IK?HY&I8HW*
MF0@B6O?AEK6HH9E"6XGV,5 =-&'8CVW>/7=D%U?Z9A,D4W/C<K$C"";YVKS!
MC',GY4;'31@I&1P.9JO2RF+M25+E:3Q26,^*GP>*5"&1A\+HP8=C[%X7RZVR
M\2OSDXW(3$LO'<A.XW"5B?L\/<8ZR>Z&7X^RM(>EDC97C=5='1@R.C#565AJ
M&5@>QZ^Z^2TM\D(D.-RM8K%E,5-( &EI6"KC:^T;XG#Q2:#<I(!$UG#5#S+"
MKN9+6%B9LI%&/ 6\+J]LR?\ V?U"Z#4D>'4E6]5L4K41TEK6X)*\\9^:2&94
MD0_QCV+3Q&-OY6VWU:N.IV+UEN^GPP5HY93W/S=5[G,/_8_":J\D4WESY^S'
MJ"8X*"EXZ+.NHWV2&C.A\I_#JO@.,XZ+'T(?C?3XK-RP0!)<OV2/,MVY HU=
MO  *-%  ZPG'L!Q?D^2Q7&JD\]F[1P66LTK.5RGD&2.*:&F\-@4JE:,;U8@/
M(Z^X]?L-S#]V<U_8NOV&YA^[.:_L77[#<P_=G-?V+K]AN8?NSFO[%U^PW,/W
M9S7]BZ_8;F'[LYK^Q=?L-S#]V<U_8NL2R125T;&4&2":-X985-6(K%+%(%DB
MDC'8JP!!&A^3GN*WSMKYK'S51-M#FK9[24KBJ>S/3N1I*![RO5O%<CQ%RA-4
MG:'U#03>@MC4^78HW3&L%JO.HU1E/\8!! ,E2A=M1ABADKU9YD#@!BA:-&4,
M%8'3Z>H>$\KPN>I9#CU<18;+7L1D*]+(8:, 04I;DE9*T=[&1Z(JLRF6 +IN
M97/LX_Q;CW&>393'8*&QD<C<Q^"RENC/E,B(XZ\"6(:DD<KX^E"22C;=;)4]
MU[?L-S#]V<U_8NOV&YA^[.:_L76!S%JI<H7;N,J27Z-^K/3MU,@(E2]7FKV8
MXIE,5I6 )71UT8=B/;R+C,5Q<?)GL1=Q8NO7]4M?UD+0M(:XF@,GPM^>.I'H
MXVIRFDNXBS@;<;3[/R=^.O>CO&4C\F)9@#[^O)SF%RV&FUV^5E<=<QTNX>*^
M7;AA;7VQIQOBV:RJR_5LP4I4H#Z9,E.(L?"._B\BCJOD_P 2\A&L*D2'C.&G
M9Y)>P/E9',1E5A ;LR5MQ(^K,.JN*Q%*MCL;1A6"I2J1+#7@B7P5(T '?Q)\
M2>Y[_)FSN&-7 <V$1!O>5IC<\$0B.#.10J7\\=D6VBM*J?"ZRJJ*EC$9G$V<
M-E(E+^ALA?3VX=Q5;6,NHS5;59W0@,CM'J"-5VD=/%/&T4J'XHW4JP]W@=.Q
M_P !'7\/XNO'^'\#U]/\/X?R=4L/B,;?RV3R$PAI8O&UY;5ZW+W.U(859] @
M+,?R5!)T UZI<M_%>K2R>>B\N?%\.0PW,-A)%(=;&8EC+ULSDT;PB7=4B()U
MG)4Q_P#Q$EWDF%URD<8A7+XZQ+C\B8E&B1SR0GRKBQCZGG))L_)T&O3LN9YS
M$K,S"-,I@BD8)U"(9.-22%4'8;F8_.3T&:/DDRC76*7- (VH([F&I%)V)U[,
M.DPN#DRIQT6WR*^3RU[*BJJC;Y=/UTTWHX-/\7%MCU[A===?9Y62QU'(Q_Y.
M]4KVT_\ (GCD7K]D>,?Z Q7]DZ\JG5KU(O'RZT,<$>I).NR)57Q/_P .*2HD
MB-IJCJ'4Z'4:JP(.A'1DGXMQR:0Z:R2X3&2.=!H-6>L2=!UYM/C> J2=OM*V
M'Q\#]CJ/CBKJW8_["^&Y7AJ>8H,=T:V$(GJR_P#I%&Y$8[=&QIVWQ.C%=5/P
MDCJ6WP2Q'R2CXIA,O/7HY^KKY8(HY;^BX^ZFXLY#FH50!?M6[F6C8K7<==C&
M]L5GZD^,O*C%@KKYL*"9'*_"VU%.G8GJ+%4J-JWD;%D4ZU&G!+;N6;32>6M:
MK5JB2:Q,[]E502Q\.JF7YW-'^'V#FVRFM>B];RVS R1RKY>&1T@Q7F[BC>LF
MCL0N-368>)I<*P:07)HEBR/(+Y6[R'*[0FOK<DT:%(6:,-Z>!8:JO\2Q D_[
M5X/^Z?\ K$__ 'L?YO\ ZLW^9/\ \W_-^CK+?_YK_J=G_NG_ &__ ,X?_NG_
M *C\W\[;_M3_ /_:  @! @,!/Q#T,;CL@(!D2!1I8!H#8UWVF^?XQ_6K!H"K
M (#"#&0#!KN/H/H0F0"@=D(#4E-E":!1E4R(_P#4]_LYGV%7ZT3OODTYAXE-
M$*00X)N[3Y2>=(3<A)8G0P !JU1@YE(B5D%@N[!AAH*)0$\4&>Y8^31[E7/<
M?R!H4IE?HJRV?-Z;F(S/>"N.<8UA(-XELN\?IC;?5AC8A!S !Y*>?4G  ( J
M% !G*H&[Z9\^?/O =BW[!^]7<7A^,JTO-GG2(Q]0&M:,$D%1E4LQ92ZGU? H
MB!6!*XP KL>I7SU(5#S'T3Y\^</S7['ZT_W-(CW$/E]9JQ9L3V5'VRT+H^R_
M<_4>JVJV8SW?KGSHK(9_5_V=O.FP0X<KXR_U>9G01I JS% 91%N-!4-KH5"
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M0H#**S(#1R'G\;6_;']<:)03 ;6''-VJ]'QM\ C[CK'([@!\0$\2<3108P
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MZ?2\IZHM0>XFG?(@=C =H>P[E/1W*M>&%/B![)DP3.'5$H'V=/S6C]F\0;/
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M'3#YR@B^U?\ [CC*.1C]FH%3@,^C7QD #Z5_PX,/*\/<WPA+F4-<>EJ>^2X
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M.]   !5#B@7%J#TW;HW 0V0$3W'H'K<P(%5,)ED&4 HBF"N/7MEG^O/1[6\
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MIGNF[V0Z%P4H (80RS:';I?F;B9"AO0)8A4$='1$(;P@8ASURP= [[.P4)V
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M_A-(4S]GOGVOUJ4Q^>/S?3T74A1E47".R9N>--D)1,RCDHMJ!H+4+GS#9A(
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M%0MFPW[#/F:+KL<!$D$Q>. V8N\W'86@U1C,'. FF^@"82"FZXN4("?X(/\
M1XVZJ&0SC[J!7EKH2W2,X,D 1 .R)1##3+.!#*JDU_0/O$_LTM!_'&5]P^]
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M4 %+N]9CS?H;+5D!K@_*05&+SK=S[_\ FN>]8\ CA@AH?5^;[^C_ '8F165
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M#?#"5$A49':>Y&^U/0%& CT:9IZ@HV%V-="3J+'G@5E0#ALL:H3H57*YA4C
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MC1<]H2$^I&Q6 $(3L>:@8'7 Z4C](?07(ZAI-RM>JJ2DK]0IX,S505]'D+8
M&QU1-@"K(:;  \)K<=W:GNS<B]^#5[=UF?G?R?/RZQ$#$#\E2X.W;WT,BFM'
M+Q=A:MBE_#$G= #A712-TAASQ4I&)<9*K<JMLJI@H[V!RT:\KJBT1>*YN'H
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M@8X(68&J,]!*&VX*16(3'4WTK&^S)V+P*(TZ"[O"8-LT:N5DH.B2"$  *JN
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#??_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>image_009.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_009.jpg
M_]C_[0 L4&AO=&]S:&]P(#,N,  X0DE- ^T      ! !+     $  0$L
M 0 !_^X )D%D;V)E &0      0, $ ,#!@D                %  ))1/_;
M (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$" P(" @,# P,# P,#
M P,# P,# P,# P,# P,#! 0$! 0#! 0$! 0$! 0$! 0$! 0$! 0$! 0$_\(
M$0@ < )A P$1  (1 0,1 ?_$ 10  0 " P " P$            )"@8'" 4+
M 0,$ @$!  $% 0$               0" P8'" $%$   !0,"! 4$ 00#
M   ! @0%!@,'"  )(# 1$A! 4!,4(3$B%18R,Q<8(R49$0 !! $# P$%!@0$
M PD    " 0,$!081$@< (1,4,4$B%0@0(# R(Q9 4%%"87$S)$,7-U*2-)34
M)376EQ(  0(# P<(!0D&!P$      1$" "$#,1($$$%A<8$B!2 P49&AL3(3
M0%!"<A3!T>%28H*2HB/PLL+2%09@\3-#HR0TXA,! 0 " 0(%! (# 0$!
M 1$ (3%!41 @,&%Q0%"!H?"1L<'QT6#A_]H # ,!  (0 Q    "_P
M                     "ECOZ'=.T#,                          '.
M_P!.F$G8EGK;X-<P^#7?D    &&W_*F6ZXUO_1LH #\'JC1T7"O3<YS0
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M%9-1]AS']:FW?I"4   !43WA%L]:>D;R@5   :0GTP);-L;/A56!M8W_ +_
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M+:T>>S65^R%J>17)VC'D;QBY(WBMSUQO5OS[.NG9,_NM+X %'SH>%>#YXF@
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M-\Z3:1O0L.X1HB5NR#4       *T&V(]E_4\@
M    0K9_9KG;4CRU83=LX:BD@                         #_V@ ( 0(
M 04!]:8J5"G%O5DR-4M/1ACU5TKC;PB)RZ=,]:H^MS:S,_" "(OO_3QGR="A
M54U:4++2H_QV*:/"J=:FX,[@UCRZ#8N4I/(L,:,X%6RM(WTZT@>:YVZ7.:,\
MA;$2Y!RH<WD/6>'$[HOX8BU?.7R-S_9N?DX\Y)FIP<U]1R6ZHUZR<[3+1-J2
M,)&X>4Y#^DBGD(RR?M54ED'S#>,>7IZ3'R?OIX']#&^%/0JJJ[Q6I1UEY"5
MM7:$! >:Z(4;3&=-QAKPODLJ/Y[I-%OR'3GTZ9ZM1ZJDCS'SHRB^<\2U;\QW
MX8NBHMR)P6UG%7R(O3(VL!SC4/P4Z56L>G&GRH2K2J4:G#'T7SW:8+15NS1$
MUJX\D>$H)N3":)"UE5<RI3QITJE6>A"WBJ59$7A(3AB"0%+S)59E;SP4Z9ZI
M_P"+.X)(_'::FF,BC!*BV/MCHCX8=0^*@.U/-4]:A63U$T9>E9'=E.WJJ$<>
ME I6935=YBX% W(I4CUJLKK$;F,A#U#"'3Q86*J\UU+ZT1\I9>]&43FF4KCP
M-Z&JXJX_' 9CD(Q(%#D=H<B5X;1K4ZM*I0J)D:M894P.Z*AI"TN#EH8@^ "M
M&I0UT4:,*=8T--9O3C^NAG@4ICF4(EB0/&-,M)X4N;]18=5W]Y4';).YH:\R
M1)Z=?@@O3YZCN^1P1IH3-Z!:Y,G:C<42^E-$B*E2A"933JKZE*LNKL )V(2F
M $HIRJ58L[,WOK[5:47\Y==5'U2H=?YZ752>F[:\T>*H1,3B517J*:_(BZ<%
M#W-58UG2(4*2)%+&RE4)X-Y%!X=4IU*1]5E%=0/  B459ZB"%^$;JJJ;R_H*
M;C*55!<WI%B.:JZ%.&O)C2)X.QE(_O1#Q\/V:UT=%3JH3+52,)(E5@WZ:FE4
M[J*RMFB=(\JHN39'6JM5<G5D1+$)X.N(E3J5[2JH30M8BAB9WQ+4IGI'<'A6
MY4>".N16MSD[!7*HU2H5U!J,7>ZU/7<;IJ(E4F>7&94T"YUEJUQI:12I6D1N
M;RN=SZB)05L<K< 7NO#1+\>"\EA=P9EBQ298K_;+OUT8>: 4WZ.UV<VFQX7-
M-3^:)U!"2]LH"KK_ "E30P*7FG^@>?$A!J'F]0E(FD#2O<ST$S9$$]=>J4+
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MNPEQ@;,LW)?A+BFXM^:OQK 6KQXQT@&.,(N):*WESEN"%Q[:U;W@(&#)'):
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M31NAY1^H^IFXB2M&^Q^].3<\V.,NM$R3>.9#68[6/*R**0JLD%$Q%$]NX8^
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M2]:O7PFT(O(#*]UZ#;[ I+5=I$+UWR\FQ LHZ?!"Y[$T1,5L3Y#?[6UZ4H"
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MQ3CR5A)<#VN=*A_.N'RK@ AKT01=<*ALX\@48]!/#=OG_.2Z<<US*ZT?E]8
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M'BO7DF++RM%1*C'P  >W]:$@M  \($6KIZFDGKIUV,E7TJH#&JF#L> 4 *
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MIH46."7J%Z<5>DTTU;,D=2,W##1-](P -X\<W@L//9+L<4J14'Q1 YO7Z5B
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:4685>?QO%:>BJUI'1EA?>&.O8P32G 6__]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
