Pharos Global Health Advisors Ltd.

“The Federal Form 990 is reviewed by the President with the tax preparer prior to filing with the Internal Revenue Service. The Form 990 is available to the full board of directors for review upon request.”

“Procedures for addressing any conflict of interest shall be as follows:(i) An Interested Person may make a presentation at the Board of Directors orcommittee meeting, but after the presentation, he/she shall leave the meetingduring the discussion of, and the vote on, the transaction or arrangementinvolving the possible conflict of interest.(ii) The chairperson of the Board of Directors or committee shall, if appropriate,appoint a disinterested person or committee to investigate alternatives to theproposed transaction or arrangement.(iii) After exercising due diligence, the Board of Directors or committee shalldetermine whether the Corporation can obtain with reasonable efforts amore advantageous transaction or arrangement from a person or entity thatwould not give rise to a conflict of interest.(iv) If a more advantageous transaction or arrangement is not reasonablypossible under circumstances not producing a conflict of interest, the Boardof Directors or committee shall determine by a majority vote of thedisinterested Directors whether the transaction or arrangement is in theCorporation's best interest, for its own benefit, and whether it is fair andreasonable. In conformity with the above determination it shall make itsdecision as to whether to enter into the transaction or arrangement.”

“Board of Directors must determine that the compensation paid is in thebest interest of Pharos, for the benefit of Pharos and is fair and reasonable. Furthermore, when establishing compensation for employees of Pharos who are also Officers and/or Directors, Pharos has and will follow the recommended practices set forth in the bylaws.”

“The Federal Form 990 is reviewed by the President with the tax preparer prior to filing with the Internal Revenue Service. The Form 990 is available to the full board of directors for review upon request.”

“Project #1 - Develop an investment case for scaling up hepatitis C treatment and prevention programs in Morocco and Indonesia. We evaluated and developed different policy options for reaching hepatitis C elimination and then for each scenario modeled the anticipated health impact, total costs, cost-effectiveness, return on investment, and impact on the Ministry of Health budget. Project #2 - Investment case - Develop an investment case for Nutrition International to estimate the health impact and return on investment with $700M of program funding.Project #3 - Performance Evaluation - Developed a performance evaluation tool to be used to assess performance of employees against standard criteria.Project #4 - Develop a transition risk assessment for Cambodia as the Global Fund and other external donors plan to gradually withdraw funding for HIV programs.”

“The program to provide support to the Government of Lesotho by developing their national primary health care leadership reform policy, an initiative that was formally launched by the Prime Minister of Lesotho on August 25th, 2016 concluded in 2016.”

“OTHER PROGRAM SERVICES 4: Objective - To assist countries to develop analyses to help stakeholders to make decisions on whether to start a hepatitis C treatment program. Accomplishments - Developed an investment case for Indonesia and Morocco for scaling up hepatitis C treatment and prevention programs. Evaluated the cost of scale-up under different scenarios, health impact of reducing mortality and morbidity from hepatitis C, and estimated the return on investment. OTHER PROGRAM SERVICES 5: Objective - Assist countries to plan for financing and operating HIV/AIDS programs currently supported by donors. Accomplishments - Developed a transition risk assessment for Cambodia as the Global Fund plans to gradually withdraw funding for HIV and TB programs. OTHER PROGRAM SERVICES 6: OTHER PROGRAM SERVICES 7: Pharos has provided support to the Government of Lesotho by developing their national primary health care leadership reform policy, an initiative that was formally launched by the Prime Minister of Lesotho on August 25th, 2016. Pharos also costed the scale-up of the reform effort, which will serve as a critical input to mobilizing the necessary resources and coordinating donor and partner activity to increase access to essential primary health care services. The full strategy document was delivered to the Government at the end of October and was recently endorsed by the Ministry of Health. OTHER PROGRAM SERVICES 8: Objective - To estimate the potential return on investment of Nutrition Internationals 2018-2024 strategy. Accomplishments - Developed an investment case for Nutrition International to estimate the health impact and return on investment with $700M of program funding.Objective - Strength Nutrition Internationals talent management and human resources. Accomplishments - Developed a performance evaluation tool to be used to assess performance of employees against standard criteria.”