X0508 4 2023-10-20 0000922247 Cyclo Therapeutics, Inc. CYTH 0001713863 Rafael Holdings, Inc. 520 BROAD STREET NEWARK NJ 07055 1 0 Common Stock 2023-10-20 4 X 0 2514970 0.71 A 9029940 D Warrant to Purchase Common Stock 0.71 2023-10-20 4 X 0 2514970 0.125 D 2023-07-31 2030-07-31 Common Stock 2514970 0 D Warrant to Purchase Common Stock 0.95 2023-10-20 4 P 0 2766467 A 2023-10-20 2027-10-20 Common Stock 2766467 2766467 D The Reporting Person exercised vested Warrants (the "Original Warrants") to purchase 2,514,970 shares of the Issuer's common stock pursuant to a Securities Purchase Agreement dated October 20, 2023 ("Closing Date"). The Reporting Person exercised its Original Warrant in full on or prior to the Closing Date in consideration of the receipt of new warrants with an exercise price equal to $0.95 per share, to purchase 110% of the shares of the Issuer's common stock covered under the Original Warrants. /s/ William Conkling, CEO 2023-10-23