X0306 4 2020-09-18 1 0001720821 PAE Inc PAE 0001694360 AEG Holdings, LLC 9800 WILSHIRE BLVD. BEVERLY HILLS CA 90212 0 0 1 0 0001322454 Gores Alec E 9800 WILSHIRE BLVD. BEVERLY HILLS CA 90212 0 0 1 0 Warrants to Purchase Shares of Class A Common Stock 11.50 2020-09-18 4 S 0 5020639 2.50 D 2020-03-11 2025-03-11 Class A Common Stock, par value $0.0001 per share 5020639 0 D Warrants to Purchase Shares of Class A Common Stock 11.50 2020-09-18 4 S 0 1244976 2.50 A 2020-03-11 2025-03-11 Class A Common Stock, par value $0.0001 per share 1244976 1244976 I See Footnote Warrants to Purchase Shares of Class A Common Stock 11.50 2020-09-18 4 S 0 1285711 2.50 A 2020-03-11 2025-03-11 Class A Common Stock, par value $0.0001 per share 1285711 1285711 I See Footnote Warrants to Purchase Shares of Class A Common Stock 11.50 2020-09-21 4 J 0 1285711 D 2020-03-11 2025-03-11 Class A Common Stock, par value $0.0001 per share 1285711 0 D On September 18, 2020, AEG Holdings, LLC ("AEG") sold an aggregate of 5,020,639 warrants ("Warrants") to purchase 5,020,639 shares of Class A common stock of PAE Incorporated (the "Issuer") to Pacific Credit Corp. ("PCC") and several trusts. 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. Of the 5,020,639 Warrants sold by AEG described in footnote 1 above, 1,244,976 of the Warrants were acquired by a trust for the benefit of a member of Mr. Gores' household in a change in form of beneficial ownership pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended ("Rule 16a-13"), and Mr. Gores may continue to be deemed to have beneficial ownership of the securities beneficially owned by such trust. Of the 5,020,639 Warrants sold by AEG described in footnote 1 above, 1,285,711 of the Warrants were acquired by PCC. Mr. Gores has dispositive and voting power with respect to securities owned by PCC. As such, the transaction resulted in a change in form of beneficial ownership pursuant to Rule 16a-13, and Mr. Gores may continue to be deemed to have beneficial ownership of the securities beneficially owned by PCC. On September 21, 2020, PCC transferred the 1,285,711 Warrants referred to in footnote 3 above in a distribution-in-kind. AEG Holdings, LLC, By: Andrew McBride, Attorney-in-Fact 2020-09-22 Alec Gores, By: Andrew McBride, Attorney-in-Fact 2020-09-22