X0306 4 2020-06-05 1 0001720821 PAE Inc PAE 0001720903 Gores Sponsor III LLC 9800 WILSHIRE BLVD. BEVERLY HILLS CA 90212 1 0 1 0 0001694360 AEG Holdings, LLC 9800 WILSHIRE BLVD. BEVERLY HILLS CA 90212 1 0 1 0 0001322454 Gores Alec E 9800 WILSHIRE BLVD. BEVERLY HILLS CA 90212 1 0 1 0 Warrants to Purchase Shares of Class A Common Stock 11.50 2020-06-05 4 J 0 5483741 D 2020-03-11 2025-03-11 Class A Common Stock, par value $0.0001 per share 5483741 0 D Warrants to Purchase Shares of Class A Common Stock 11.50 2020-06-05 4 J 0 5020639 A 2020-03-11 2025-03-11 Class A Common Stock, par value $0.0001 per share 5020639 5020639 I See footnote Gores Sponsor III, LLC ("Sponsor") made an in-kind distribution of 5,483,741 warrants ("Warrants") to purchase 5,483,741 shares of Class A common stock of Pae Incorporated (the "Issuer"). AEG Holdings, LLC ("AEG") is the managing member of Sponsor. Alec Gores is the managing member of AEG. As such, Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by AEG and Sponsor. Of the 5,483,741 Warrants distributed by Sponsor described in footnote 1 above, AEG received 5,020,639 Warrants in the distribution-in-kind. Because of the relationship among the reporting persons, the reporting persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of such reporting person's pecuniary interest therein, if any. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the reporting persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests. Gores Sponsor III LLC, By: Andrew McBride, Attorney-in-Fact 2020-06-08 AEG Holdings, LLC, By: Andrew McBride, Attorney-in-Fact 2020-06-08 Alec Gores, By: Andrew McBride, Attorney-in-Fact 2020-06-08