Certares Management LLC (“Certares Management”) is owned approximately 44% by M. Gregory O’Hara (directly and through a controlled entity, Clementine Investments LLC) and approximately 36% by Colin Farmer (directly and through a controlled entity, Pemrose Corporation). Certares Management directly owns 100% of Certares Opportunities LLC and 100% of Certares Real Estate Management LLC (together with Certares Opportunities LLC and Certares Management LLC, “Certares”). Certares Management Certares Management provides investment advisory services primarily to two investment funds: 1. Certares Holdings I (consisting of three parallel fund vehicles—Certares Holdings LLC, Certares Holdings (Blockable) LLC and Certares Holdings (Optional) LLC (collectively, “Certares Holdings I”), each of which has the same investment objective and invests pro rata in each investment); and 2. Certares Holdings II (consisting of two parallel fund vehicles—Certares Holdings II LP and Certares Holdings II-A LP (collectively, “Certares Holdings II” and, together with Certares Holdings I, the “Certares Holdings Funds”), both of which have the same investment objective and invest pro rata in each investment). Certares Holdings I was formed in 2018 and is not expected to make any further investments. Certares Holdings II was formed in 2022. The investment objective of each Certares Holdings Fund is to achieve capital appreciation for its investors through equity and other structured investments in the travel, hospitality and travel-related business and consumer services sectors. As the investment adviser to the Certares Holdings Funds, Certares Management is responsible for evaluating and monitoring the Certares Holdings Funds’ investments and providing day-to-day managerial and administrative services to the Certares Holdings Funds. Certares Management will source, structure and negotiate potential investments, monitor the performance of portfolio companies and advise the Certares Holdings Funds as to the disposition of investment holdings. Capital commitments by investors to the Certares Holdings Funds will be managed by Certares Management on a discretionary basis. Certares Management tailors its advisory services to the individual needs of each of its clients, Certares Holdings I and Certares Holdings II. Certares Opportunities Certares Opportunities LLC (“Certares Opportunities”) provides investment advisory services to CK Opportunities Domestic Fund, LP and CK Opportunities Offshore Fund, LP (collectively, “CK Opportunities”) jointly with Knighthead Capital Management, LLC. Each of the CK Opportunities investment vehicles will generally invest pro rata in each investment made by such investment vehicles based on the capital commitments to each investment vehicle, and each will have the same investment objective, which is to achieve superior risk adjusted returns while emphasizing the preservation of capital. CK Opportunities’ core strategy will be to invest in long-term public or private debt, bank loans, claims or other types

of securities in, and to originate loans with respect to, stressed and distressed companies, including, but not limited to, as a result of COVID-19, in the travel and hospitality sectors, including, but not limited to, airlines, hotels (including hotel management companies) and other hospitality providers, online and offline travel agencies, travel management companies, booking and expense management tools, global distribution systems and other specialty intermediaries, tour operators, destination management companies, air and hotel whole-sellers, ocean and river cruise liners, and ancillary travel products. As one of the two investment advisers to CK Opportunities, Certares Opportunities is responsible for evaluating and monitoring CK Opportunities’ investments and providing day-to-day managerial and administrative services to CK Opportunities. Certares Opportunities will source, structure and negotiate potential investments, monitor the performance of portfolio companies and advise CK Opportunities as to the disposition of investment holdings. Capital commitments by investors to CK Opportunities will be jointly managed by Certares Opportunities and Knighthead Capital Management, LLC on a discretionary basis. Certares Opportunities tailors its advisory services to the individual needs of its sole client, CK Opportunities. Restrictions on the types of securities in which CK Opportunities invests are contained in the documentation (such as the limited partnership agreements) relating to CK Opportunities. Certares Real Estate Certares Real Estate Management LLC (“Certares Real Estate”) provides investment advisory services to two investment funds: 1. Certares Real Estate Holdings I LP (the “Certares RE Fund I”); and 2. Certares Real Estate Holdings II LP (the “Certares RE Fund II” and, together with the Certares RE Fund I, the “Certares RE Funds” and, together with the Certares Holdings Funds and CK Opportunities, the “Managed Funds”). The Certares RE Fund I was formed in 2021. The Certares RE Fund II was formed in 2024. The investment objective of each Certares RE Fund is to invest in hospitality-related: real estate assets, businesses that derive significant value from real estate holdings, real estate companies, real estate mortgages, real estate mezzanine loans and other real-estate related securities and instruments. As the investment adviser to the Certares RE Funds, Certares Real Estate is responsible for evaluating and monitoring the Certares RE Funds’ investments and providing day-to-day managerial and administrative services to the Certares RE Funds. Certares Real Estate will source, structure and negotiate potential investments, monitor the performance of portfolio companies and advise the Certares RE Funds as to the disposition of investment holdings. Capital commitments by investors to the Certares RE Funds will be managed by Certares Real Estate on a discretionary basis. Certares Real Estate tailors its advisory services to the individual needs of each of its clients, the Certares RE Fund I and the Certares RE Fund II.