Blackwells Capital Activist Presentation Deck

BOARD OVERVIEW Louie DiNunzio Stuart H. B. Smith Robert T. Wolf INDEPENDENT TRUSTEE INDEPENDENT TRUSTEE INDEPENDENT TRUSTEE WPT's Board Member Biographies Mr. DiNunzio has more than 20 years of experience in the real estate sector in North America and Europe. In his current role as Senior Vice President, Investments at Cadillac Fairview, he is responsible for investments and divestments with a focus on the Canadian, US and European markets. Earlier in his tenure at Cadillac Fairview, he was responsible for building and leading the organization's Strategic Insight group. Prior to joining company, he held progressively senior positions within the investment banking industry at both BMO Nesbitt Burns Inc. and Merrill Lynch Canada. Mr. DiNunzio is a Chartered Accountant and holds a Masters in Business Administration from The Schulich School of Business at York University and a Bachelors of Commerce from the University of Toronto. He has also completed the ICD-Rotman Directors Education Program. BW BLACKWELLS CAPITAL Mr. Smith is currently the Chairman of EPIC Investments Services, Inc., a company formed following an amalgamation of three companies and an equity investment by a major Canadian institution. As Chairman, he is responsible for EPIC's overall vision, leadership and growth strategy. He was formerly Chairman of EPIC Realty Partners Inc., a real estate advisory company serving the Canadian marketplace, which he formed with a partner in 2005. Prior to forming EPIC, Mr. Smith served as the President and CEO of Oxford Properties Group, one of the Canada's largest property owners and managers, where he held progressively senior positions beginning in 1989 and led Oxford's transition following the acquisition by Ontario Municipal Employees Retirement System (OMERS). Prior to joining Oxford, Mr. Smith was President of Shipp Corporation Limited, a real estate development and management company involved in office, retail and residential properties. He served as a Director of Look Communications Inc. from 2003 to 2010 and Yellow Media Limited om 2004 to 2011. He served as a Director of Altus Group Limited from 2005 to 2013 and also served as the Executive Chairman and Chief Executive Officer of Altus Group Limited during the period of 2011-2013. He previously served on the Board of Directors of Knowledge First Financial (formerly The International Scholarship Foundation) and Yellow Pages Group. Mr. Smith is a graduate of University of Western Ontario in Economics. As a Chartered Accountant, he has been involved in a number of accounting and professional organizations, more specifically Urban Land Institute, a member of the Chief Executives' Organization and a member of The Canadian Institute of Chartered Accountants' Innovation Council. In 2017, Mr. Smith was awarded a Fellowship in the Chartered Professional Accountants and in 2005, he was awarded the NAIOP-REX Award for Community Service. Mr. Wolf, through RTW Capital Corporation, has been making active investments in and providing financial consulting to small and medium businesses in a variety of sectors since February 2008. Mr. Wolf served as a director of C.A. Bancorp Canadian Realty Finance Corporation from February 2008 to April 2011, as a trustee and Chair of the Investment Committee of InnVest Real Estate Investment Trust (TSX: INN.UN) from 2014 to 2016, and as a trustee and Chair of the Investment Committee of OneREIT (formerly Retrocom Real Estate Investment Trust) (TSX: RMM.UN) from 2010 - 2017. Mr. Wolf currently serves as a director of Crosswinds Holdings, Inc., fka C.A. Bancorp Inc. (TSX: CWI), which is a merchant bank and alternative asset manager with a primary focus on the insurance industry. Prior to 2008, Mr. Wolf served as Chief Financial Officer of RioCan Real Estate Investment Trust, Canada's largest real estate investment trust, from its inception in 1994. Prior to 1994, Mr. Wolf held a variety of positions in both public and private real estate companies. Mr. Wolf holds a Chartered Accountancy designation and received a Master's of Business Administration from the Schulich School of Business at York University and a Bachelor of Commerce from McGill University. Source: WPT Industrial Company Filings, Company Reports, FactSet. Strictly Confidential & Trade Secret 70

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