EQUITY STATEMENT

Village Family Capital (VFC) has the opportunity, and thus the responsibility, to support and help lead this region’s consumer eco-system in a way that provides successful equitable outcomes to all stakeholders. We will use our privilege as financial investors to help level the playing field because we believe that all cannot thrive, until the Black, Indigenous, and People of Color (BIPOC) community can thrive. Equity and Inclusion amplifies the power of the Village.

While we are committed to cultivating and supporting the curation of the brightest and freshest ideas found within our Village, we also know that the BIPOC community has historically been under-represented and marginalized by financial markets. As a result, we realize that all brands have not received the same opportunities and resources. We must build and cross bridges to move us away from the status quo and create equitable outcomes for all those within our consumer eco-system.

As such, we are committed to advancing diversity, equity, and inclusion within our Village and regional community. While we recognize that diversity is broad and covers many characteristics (all races and ethnicities, gender identity and sexual orientation, ability or disability, religious affiliation, socioeconomic, veteran, or immigration status, and more), in an effort to hold ourselves accountable and measure our success, our focus is on race and gender.

We strive to achieve the following practices and commitments by the end of 2024:

• All of the companies that we invest in will participate in facilitated, multi-month DEI training to help incorporate policies that will help to eliminate racism and gender inequalities.

• We proactively volunteer our time to support and advise early-stage businesses and nonprofits/community organizations, as well as provide networking guidance to individuals within the region. Included in this cross section are those from the BIPOC community and non-male-founded businesses. VFC is committed to allocating greater than 20% of our volunteer hours specifically towards BIPOC-founded businesses and greater than 50% for non-male-founded businesses (of all races).

• At least 50% of our Independent Board representation will identify as non-male (of all races) and at least 20% of our Independent Board representation will identify as BIPOC.

• More than 50% of our service providers will identify as non-male (of all races) and we will have greater than 20% BIPOC service providers (this will include part-time positions and hired consultants).

• A majority of our donated dollars will go to non-profit organizations that focus on the BIPOC community.