13D Filing: Becker Drapkin Management and Great Elm Capital Group Inc. (GEC)

Page 8 of 9 – SEC Filing


(c) On October 4, 2017, the Issuer issued 1,266,000 shares of Common Stock to the Managed
Account upon exercise of the Warrant for an exercise price per share of $3.6116.

(d) No person other than the Reporting Persons has the
right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported herein.

(e) Not applicable.

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