Contract analysis

1. Thalassa Shipping & Logistics SA ("TSL") • Role: Client • Entity Type: Société Anonyme (Greek law) • Address: 14 Poseidonos Avenue, Piraeus 185 31, Greece • Description: TSL is the parent entity of the Thalassa group and the direct client in this engagement. TSL operates a fleet of dry-bulk carriers primarily serving West African ports and is the contracting party under the Goldenshore Agency Agreement and the Mer

2. Thalassa West Africa SARL ("TWA") • Role: Subsidiary of TSL • Entity Type: Société à Responsabilité Limitée (Ivorian law) • Address: Rue des Lagunes 27, Zone Portuaire, Abidjan, Côte d'Ivoire • Description: TWA is TSL's wholly owned Ivorian subsidiary and serves as the primary operating entity for TSL's port-calling activities in Côte d'Ivoire. TWA is the entity through which the majority of the port-facilitation

3. Thalassa Nigeria Limited ("TNL") • Role: Subsidiary of TSL • Entity Type: Private Limited Company (Nigerian law) • Address: 5B Apapa-Oshodi Expressway, Apapa, Lagos, Nigeria • Description: TNL is TSL's wholly owned Nigerian subsidiary and manages port-calling activities at the Port of Apapa and Tin Can Island Port in Lagos. Preliminary review suggests that TNL's exposure to the port-facilitation payment scheme is

4. Goldenshore Maritime Consultants Ltd. ("Goldenshore") • Role: Third-party port agent • Entity Type: Limited Company (Ghanaian law) • Address: 12 Independence Avenue, Tema New Town, Tema, Ghana • Description: Goldenshore is the third-party port agent retained by TSL under an Agency Agreement dated March 1, 2018, to provide port-clearance, customs-facilitation, and logistics-coordination services at West African por

5. Meridian Atlantic Bank, National Association ("Meridian Atlantic" or "MAB") • Role: Lender / Agent bank on TSL's revolving credit facility • Entity Type: National Association (U.S. federal banking charter) • Address: 383 Madison Avenue, New York, NY 10179 • Description: Meridian Atlantic serves as the administrative agent and one of the lenders under TSL's $120 million senior secured revolving credit facility, dat

6. Banque Equatoriale de Commerce SA ("BEC") • Role: TWA's operating bank in Côte d'Ivoire • Entity Type: Société Anonyme (Ivorian law) • Address: Abidjan, Côte d'Ivoire • Description: BEC is the bank at which TWA maintains its primary operating account. Bank statements from BEC for the period March 2018 through the present are among the outstanding document requests that TSL has not yet fulfilled. These records are

7. Ashanti Continental Bank ("ACB") • Role: Goldenshore's bank • Entity Type: Banking institution (Ghanaian law) • Address: Tema, Ghana • Description: ACB is the bank at which Goldenshore maintains its principal operating account. Wire transfer records obtained in the partial production indicate that payments from TWA and TNL to Goldenshore were received into an ACB account. Certain payments from Goldenshore to unide

8. Northpoint Forensic Advisors LLC ("Northpoint") • Role: Forensic accountants (retained but not activated) • Entity Type: Limited Liability Company (Delaware) • Address: 1700 K Street NW, Suite 600, Washington, DC 20006 • Description: Northpoint was retained under a sub-engagement letter dated August 15, 2022, to provide forensic accounting services in connection with this review. The scope of work, as contemplated

9. Kouvalis & Demopoulos SA ("K&D") • Role: TSL's statutory external auditor • Entity Type: Société Anonyme (Greek law) • Address: 10 Stadiou Street, Athens 105 62, Greece • Description: K&D serves as the statutory external auditor for TSL and has issued unqualified audit opinions for TSL's consolidated financial statements for each fiscal year during the relevant period. The treatment of Goldenshore commissions and

10. Papadakis & Lekkas LLP ("P&L") • Role: Greek local counsel • Entity Type: Law Partnership (Greek law) • Address: 28 Vasilissis Sofias Avenue, Athens 106 74, Greece • Description: P&L has been identified as local counsel in Greece to advise on Greek anti-bribery and corporate governance law, as well as any implications arising under Greek data protection law (GDPR and implementing legislation) with respect to the

11. Okafor Bassey & Partners ("OB&P") • Role: Nigerian local counsel • Entity Type: Law Partnership (Nigerian law) • Address: 4th Floor, Marina Towers, 22 Marina Street, Lagos Island, Lagos, Nigeria • Description: OB&P has been identified as local counsel in Nigeria to advise on Nigerian anti-corruption law, including the Corrupt Practices and Other Related Offences Act, 2000, and to assist with any document collecti

12. Dossou & Mensah Avocats • Role: Ivorian local counsel (consulted, not formally retained) • Entity Type: Law Firm (Ivorian law) • Address: Abidjan, Côte d'Ivoire • Description: Dossou & Mensah Avocats was consulted informally in early October 2022 regarding Ivorian anti-corruption law, the legal status of "facilitation payments" under Ivorian law, and the operations of the Port Autonome d'Abidjan. A consultation m

13. Hartwell & Crane PLLC ("H&C") • Role: Whistleblower's counsel • Entity Type: Professional Limited Liability Company (District of Columbia law) • Address: 1225 Connecticut Avenue NW, Suite 800, Washington, DC 20036 • Description: H&C represents the individual who filed the SEC whistleblower tip (TCR No. 2022-WB-08341) that prompted TSL's engagement of C&H. The identity of the whistleblower has not been confirmed,