High West Capital Partners Collateralized Loan Product

About High West Capital Partners

Since its founding in 2016, High West Capital Partners is recognized as a global leader in structured finance with experience in
execution of collateral versus stock loan transactions. High West Capital Partners is an expert at customizing solutions that help
shareholders manage the risks inherent in concentrated equity positions.

Executive Summary

The objective of High West Capital Partners’ collateralized loan product (CLP) is to protect concentrated shareholders from potential
volatility while unlocking flexible liquidity. High West Capital Partners achieves this by working with its clients to structure a bespoke
collateralized loan product that’s tailored to meet their client’s objectives. High West Capital Partners is able to help their clients
manage downside price risk while retaining unlimited stock price appreciation. High West Capital Partners is also committed to
helping their clients achieve efficient funding, diversification, and yield enhancement.

High West Capital Partners Collateralized Loan Product (CLP)

Structure

A shareholder pledges their concentrated equity position in return for a bespoke collateralized loan from High West Capital
Partners.

Advantages

• High West Capital Partners’ CLPs help their clients manage downside price risk and retain unlimited price appreciation
• High West Capital Partners’ CLPs have no upfront out-of-pocket expenses
• High West Capital Partners’ CLPs offer flexibility to customize a structure that meets the shareholder’s objectives
• High West Capital Partners’ CLPs provide a credit line which provides a secure, low-cost source of funds for the term of the

loan
• High West Capital Partners’ CLPs are non-recourse meaning that no personal or corporate guarantees are required to obtain

financing
• High West Capital Partners’ CLPs offer quick funding as opposed to traditional financing from banks or capital markets
• High West Capital Partners’ CLPs are cov-lite meaning the shareholder maintains maximum flexibility
• High West Capital Partners’ CLPs are non-purpose meaning the shareholder has unrestricted use of proceeds
• High West Capital Partners’ CLP is interest only with principal due at maturity

High West Capital Partners CLP versus other alternatives

Bank Loans

Bank loans are given on a full-recourse basis meaning that the shareholder has personal or corporate liability beyond the collateral.
Bank loans are also more difficult to obtain with less flexibility due to the banks being subject to Basel III requirements. Lastly, the
terms at banks offer are significantly inferior to High West Capital Partners’ terms. Banks offer extremely low loan-to-value ratios
while charging high interest rates.

Public Offerings

Public offerings are only available for public companies and are not available for private individuals or corporations.

Margin Loans

Margin loans are purpose loans collateralized by securities. The loan proceeds can only be used to purchase additional marginable
securities in the client’s account. The loans are not non-purpose loans unlike High West Capital Partners’ CLP.

Private Lenders

Other private lenders have neither the experience nor the long term pool of liquidity that High West Capital Partners has. With less
assets under management than High West Capital Partners, other private lenders do not have the flexibility to structure financing
solutions like High West Capital Partners. Furthermore, many private lenders do not operate in favorable banking jurisdictions unlike
High West Capital Partners. Also, most private lenders do not establish long term partnerships with their clients because they do not
deliver sound solutions.

Asset Sales

The shareholder does not retain upside appreciation in an asset sale. Furthermore, the shareholder can create a negative public
image if he or she maintains a senior executive position at the public company. Minority shareholders wish to see management

teams hold concentrated equity positions in their companies in order to align their interests with all stakeholders. Lastly, asset sales
can trigger tax events that may be burdensome for the shareholder.

Conclusion

High West Capital Partners offers its clients with the best collateralized loan product in the world. High West Capital Partners focuses
on working with its clients to structure a bespoke CLP that offers numerous advantages over both traditional and alternative
options. High West Capital Partners will continue to innovate and consistently deliver the best collateral vs stock loans globally.

Reference: High West Capital Partners