Deliverables & Tasks

AI Policy Proposal

Plant Level Financials Pilot - Banner CV

Automation Team — Strategic Shift in Diligence + Underwriting

Investment Memo — ABBI + Automation VCP Update

Valuation Updates

Valuation Policy — Revised Scope (unified cyclical methodology, R1-R10)

MGC Monitoring Fees + Expense Solution

Moonshot — Hypercar plan with IndyCar and F1 positioning + announcement timing

Investor Conference Speaking Engagement Proposal

Valuation Update — Q4 + ABBI + Accounting Standards

Spark Co-Invest CIM - new version post comments

[John | Scot 1:1] Explore Middle East LP relationships via horse racing network contacts (Sheikh Mohammed, Sheikh Fahad Al Thani) for Fund IV pipeline

[John | Scot 1:1] Clarify Alicia Montemurle's office location and travel-to-Lexington policy

[John | Scot 1:1] Engage Bernard in Austria to assist Megatack with rotor machine sensor/controls issues

Stemmer | BoD Meeting for Audited Accounts

[John Sync] Assess Erica and Christian's actual capacity and address staffing availability concerns

[John Sync] Schedule dedicated follow-up discussion on Ryan's long-term career path, partnership trajectory, and management company economics

[John Sync] Advise Gary Kestner to proceed with MasTec PO and direction on negotiation approach

[John Sync] Negotiate with MasTec to shorten payable terms on $3.9M beam PO, offering discount if necessary to accelerate cash receipt

[Weekly IC] Perform independent EBITDA analysis to stress-test sell-side QofE EBITDA figure

[Weekly IC] Communicate deal positioning (Fund III + co-investment) to co-investors who have been following up frequently

[Weekly IC] Assess refurb/service provider market as potential new customer segment for this equipment

[Weekly IC] Analyze link between customer backlog (e.g., Prolife booked 36 months) and equipment purchase cycle timing post-2028

[Weekly IC] Clarify LPA classification of Germany-headquartered business with Deckard and resolve North American vs. European investment designation

[DART | Dalton Update] Establish spending controls — no contracts signed without MiddleGround approval; implement tight budget tracking

GEORG (Project ZETA), I/C - LOI Presentation

Financing for companies with Fund Guarantees

ASI - Cerberus Loan Restructuring

DDQ + CIM for Next Fundraise

Bullwhip Economy External Facing Video

[Desk Time] Confirm alignment with Jon on credit line strategy and the $78M commitment level

[Desk Time] Monitor credit line usage to ensure near-term draws do not exceed ~$21M availability

[Zoom Meeting] Conduct two CEO and two CFO interviews for Race Winning Brands

[Zoom Meeting] Complete ABL and MNE term loan A portion of refinancing

[Placement Agent Update] Work with counsel to structure Cerberus loans off portfolio company balance sheet while maintaining downside protection for both Cerberus and MiddleGround

[Weekly CIM Review] Conduct holistic review of steel erection deal criteria given multiple assets in pipeline

[Weekly CIM Review] Get John's access to and opinion on Project Axe; determine appropriate team staffing (European team vs. other)

[Weekly CIM Review] Talk to Christen about deal dashboard status and where it stands since Dyana was out last week

[Weekly CIM Review] Share Cabelco call notes with John

[Weekly CIM Review] Share prior call notes on the automotive/aerospace ($310M revenue) opportunity with John

[Weekly CIM Review] Assess Project Eagle restructuring opportunity and determine whether to re-engage BMO

[Zoom Meeting] Collect four to five bids on Banner A&D sale

[Placement Agent Update] Add comparable PE firm fundraising data (last fund raised, current fundraising status) and family office investor data to dashboard

[Placement Agent Update] Develop capital return/exit narrative slide highlighting divestitures and partial exits for fundraising story

[Placement Agent Update] Explore whether sponsor coverage or lender relationships can be leveraged to secure a placement agent willing to take on MiddleGround

[DART | Dalton Update] Continue pursuit of GM contact to understand sourcing situation and re-engage on supply

[DART | Dalton Update] Send environmental/CERCLA follow-up email outlining liability protections and insurance company claim strategy

[DART | Dalton Update] Map all open CNC capacity across portfolio and identify rep groups to sell that capacity

[DART | Dalton Update] Engage Dier (shutting down plants) regarding potential resource/supply opportunities

[DART | Dalton Update] Map full aftermarket engine install base against Dart's current lineup to identify untapped iron block opportunities

[DART | Dalton Update] Research Indiana and Ohio state incentive programs — tax abatements, low-interest loans, training reimbursements — for facility restart

Additional Data Request

Await response from interim CFO candidate Shiloh on offer extended

Hiring Approval of Plant Ops for Lexington

John LinkedIn content - Sept 2026

[Attala - Weekly Call] Offer Ampacity 2% early pay discount on ~$900K to cover projected next-week cash shortfall

[Attala - Weekly Call] Attempt to raise stores pricing to $1.35/lb starting next week to test market ceiling

[Attala - Weekly Call] Pursue FlexRac and QCell as replacement base-load customers at premium pricing

[Attala - Weekly Call] Continue outreach to Diocera US salesmen to explore import beam purchasing relationship

[Attala - Weekly Call] Send Diocera collection fee agreement to John and Bill (Castle Banner)

[Attala - Weekly Call] File liens on Novados projects to protect $1.2M receivable

[Attala - Weekly Call] Assign utility cost review and update overhead in quoting model year-over-year

[Attala - Weekly Call] Travel to Game Change to renegotiate or break year-end contract using force majeure

[DuraShiloh - Weekly Call] Share updated liquidity formula/model with John next week

[DuraShiloh - Weekly Call] Continue monitoring Macedonian landlord UK insolvency petition with Jones Day

[DuraShiloh - Weekly Call] Explore using Chinese cash to pay MiddleGround management fees as extraction mechanism

[DuraShiloh - Weekly Call] Prepare updated liquidity slide with Duro vs Shiloh segmentation and country flags

[DuraShiloh - Weekly Call] Determine source and process payment of MiddleGround monitoring fees by Monday

[DuraShiloh - Weekly Call] Send execution drafts of Solaya accommodation agreements in Mexico

[DuraShiloh - Weekly Call] Prepare OLV analysis supporting $25-30B working capital figure for Volvo Car review

[DuraShiloh - Weekly Call] Issue notice to Thyssenkrupp that material purchases will stop next week

[DuraShiloh - Weekly Call] Sit-down meeting with Mark French post-vacation to address BMW situation

C4 Investors Conference Speaking Opportunity

[Desk Time] Prepare paperwork for Cambridge real estate leaseback arrangement to the buyer

To schedule meeting week of 8/24

[DART | Dalton Update] Sell finished block inventory to Dart, Ford, and World Box; scrap remainder unless customers agree to buy at half cost

[DART | Dalton Update] Re-engage Mercury to discuss restart timeline and explore prefunding arrangement for startup costs

[DART | Dalton Update] Complete discharge water and air permitting required to refire furnace

[DART | Dalton Update] Obtain full cost quote for electric arc furnace installation including ancillary costs

[DART | Dalton Update] Resolve electricity capacity question — determine if facility can support electric arc furnace power requirements

[DART | Dalton Update] Call Grant Thornton to engage economic development team for permitting fast-track and incentive capture

[DART | Dalton Update] Develop detailed revenue plan and cost plan for Dalton restart (not just a two-item list)

[DART | Dalton Update] Engage scrap valuation firm (already identified) to assess on-site scrap piles

[DART | Dalton Update] Conduct physical inventory and appraisal of MRO parts and CNC equipment at Stryker, Ohio facility

[DART | Dalton Update] Conduct site visits to Dart and Stryker Ohio machine plant