THE BARKER WELFARE FOUNDATION

Continue the transition process started in july 2021.title to the barker mansion was subsequently transferred to the city in accordance with the 1968 agreement. During july 2021, under the terms of a transfer agreement, the city and the foundation agreed that the city shall transfer all property conveyed under the 1968 agreement to a newly formed limited liability company known as the barker mansion llc (the "llc"). The llc was incorporated in the state of delaware during june 2021 and the foundation is the sole member of the llc. The authorized purpose of the llc is to own, operate and preserve the barker mansion for charitable and educational purposes. The foundation manages the llc, appoints officers and directors and is allocated 100% of the net income or net losses of the llc.