13D Filing: Etude Capital, LLC and OHA Investment Corp (OHAI)

(c)

Fondren Management has not entered into any transactions in the Shares during the past 60 days. The transactions in the Shares on behalf of BLR Partners during the past 60 days are set forth in Schedule B and are incorporated herein by reference.

I.

FMLP

(a)

FMLP, as the general partner of Fondren Management, may be deemed the beneficial owner of the 600,000 Shares owned by BLR Partners.

Percentage: Approximately
2.97%

(b)

1. Sole power to vote or direct vote: 600,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 600,000 4. Shared power to dispose or direct the disposition: 0

(c)

FMLP has not entered into any transactions in the Shares during the past 60 days. The transactions in the Shares on behalf of BLR Partners during the past 60 days are set forth in Schedule B and are incorporated herein by reference.

J.

Radoff Foundation

(a)

As of the close of business on September 28, 2017, Radoff Foundation beneficially owned 450,000 Shares.

Percentage: Approximately
2.2%

(b)

1. Sole power to vote or direct vote: 450,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 450,000 4. Shared power to dispose or direct the disposition: 0

(c)

The transactions in the Shares by Radoff Foundation during the past 60 days are set forth in Schedule B and are incorporated herein by reference.

K.

Mr. Radoff

(a)

As of the close of business on September 28, 2017, Mr. Radoff directly owned 340,000 Shares. Mr. Radoff, as the sole shareholder and sole director of each of BLRGP and FMLP and a director of Radoff Foundation, may be deemed the beneficial owner of the (i) 600,000 Shares owned by BLR Partners and (ii) 450,000 Shares owned by Radoff Foundation.

Percentage: Approximately
6.9%

(b)

1. Sole power to vote or direct vote: 1,390,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,390,000 4. Shared power to dispose or direct the disposition: 0