Hc2 Holdings Inc. (HCHC): Hudson Bay Capital Unloads Over 3 Million Shares

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Page 7 of 7 – SEC Filing

Schedule A

This Schedule sets forth
information with respect to each purchase and sale of shares of Common Stock which were effectuated by the HB Fund since the filing
of Amendment No. 7. All transactions were effectuated in the open market through a broker. The amounts reported in the “Weighted
Average Price” column in the table below reflect a weighted average price for the shares of Common Stock purchased or sold.
The shares of Common Stock were purchased or sold, as applicable, in multiple transactions, each at a price within the range of
prices set forth in the “Range of Prices” column in the table below. The Reporting Persons shall undertake to provide
to the staff of the Securities and Exchange Commission, upon request, full information regarding such number of shares of Common
Stock purchased or sold, as applicable, within the range of prices set forth in the table below.

Trade Date Shares Purchased (Sold) Price Per Share ($)* Range of Prices ($)*
10/12/2016 (17,000) 5.5424 5.43 – 5.61
10/13/2016 (35,000) 5.343461 5.27 – 5.48
10/14/2016 (45,000) 5.2806 5.15 – 5.49

*       Excluding
commissions.

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