On April 21, 2016, the Board of Directors of Reo Plus, Inc. approved, by means of a written consent in lieu of special meeting, an action to increase the size of the Board of Directors from three directors to four directors and elected Bradford B. Briner as a director to fill the vacancy created by the increase to the size of the Board of Directors. Mr. Briner joined Willett Advisors in 2012 and is the Director of the Real Assets Investments Group. Willett is the investment management arm of the Bloomberg Family and for the Bloomberg Philanthropies.