Board of Directors | Chicago Atlantic BDC, Inc.

John Mazarakis co-founded CAG in April 2019 and has served as Chicago Atlantic Real Estate Finance, Inc.’s Executive Chairman since its inception in2021. As a proven entrepreneur and operator with successful ventures in real estate, retail, hospitality and food logistics, Mr. Mazarakis brings over 20years of entrepreneurial, operational, and managerial experience. He has built a 35+ restaurant chain with more than 1,200 employees, established a real estate portfolio of over 30 properties, developed over1 million square feet of commercial real estate, and completed multiple real estate financing transactions, at a cumulative annual growth rate exceeding 25%. He has invested in and served as an advisor to multiple successful startups.

Mr. Mazarakis has served as a member of the board of directors of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), a commercial mortgage REIT, since 2021.

Mr. Mazarakis holds a Bachelor of Arts in Economics from the University of Delaware and an MBA from The University of Chicago Booth School of Business.

Scott has served as the Chairperson of our Board of Directors and our Chief Executive Officer since our inception. He is the founder and Chief Executive Officer of Silver Spike Capital, an investment platform dedicated to the cannabis industry that includes our Adviser. Prior to founding Silver Spike Capital, Scott had been the co-founder and chairman of Egg Rock Holdings, LLC (“Egg Rock”), the parent company of the Papa & Barkley family of cannabis products, with related subsidiary assets in manufacturing, processing, and logistics. From 2016 to 2018, he was also President of Fintech Advisory Inc., the investment manager for a multi-billion dollar family office fund focused on long-term and opportunistic investments in emerging markets. From late 2013 to 2016, Scott served as a Portfolio Manager at Taconic Capital Advisors, a multi-strategy investment firm. Prior to joining Taconic, he was a Partner and Portfolio Manager at Caxton Associates from 2009 to 2012. He was also a Senior Managing Director and Head of Emerging Markets at Marathon Asset Management from 2007 to 2009. Earlier in his career, Scott held leadership positions at Bank of America and ING Capital. He was a founding member of the Emerging Markets business at JP Morgan where he worked upon graduating from Bowdoin College in 1983.

Scott is Chairperson of the Board of Directors and Chief Executive Officer of Silver Spike Acquisition Corp. and Silver Spike Acquisition Corp. II, each a blank check company whose sponsor is an affiliate of our Adviser. On June 16, 2021, Silver Spike Acquisition Corp. consummated a business combination with WM Holding Company, LLC, which operates Weedmaps, a leading online listings marketplace for cannabis consumers and businesses, and WM Business, a comprehensive SaaS subscription offering sold to cannabis retailers and brands. In connection with the transaction, Silver Spike Acquisition Corp. changed its name to WM Technology, Inc.

Bunty is Chief Executive Officer of Biologic Pte, an advisory and investment firm based in Singapore. Previously, he was CEO of Goldman Sachs Services in India. Named Managing Director in 2005 and Partner in 2010, Bunty was a member of the Partnership Committee, Asia Pacific Management Committee, Asia Pacific Capital Committee, Global Recruiting Council, and the board of the firm’s leadership initiative - Pine Street. Bunty joined Goldman Sachs in 1996 where he traded commodities for four years in New York and London. He spent one year working on the development and launch of Intercontinental Exchange (NYSE: ICE), before becoming franchise manager of the Commodities and Futures Services business units. Prior to his role in India in 2009, Bunty was global head of the Structured Product Syndicate desk in the Fixed Income, Currency and Commodities Division in New York. He was also co-head of the Structured Finance Group in the Americas, ran warehouse financing, and was a member of the Structured Finance Capital Committee.

Tracey has 36 years of experience building businesses in financial services. As CEO of Citi Private Bank, North America, she grew the business in revenues from $1.2bn to $2.0bn from 2014-2019 and oversaw over $230bn in client business volumes. Tracey was named Chairman of Citi Private Bank North America in 2019. Under Tracey’s leadership and vision, Citi Private Bank North America received numerous industry recognitions and awards. Prior to her role as CEO, Tracey was Global Market Manager for the Western US from 2010 to 2014. From 2014-2018, Tracey was the co-chair of Citi Women, Citi’s global strategy to focus on the advancement of women as leaders and business drivers. In this role, she led the firm’s progress in pay equity, representation goal setting, and in having Citi sign the Women’s Empowerment Principles of the United Nations.

Michael is a senior investment and operating executive with a record of building entrepreneurial enterprises and managing alternatives funds and portfolios. From 2014 to 2019, Mr. Chorske was a founder and executive managing director of Emergent Holdings, LLC, an investor in and developer of aquaculture businesses. In this capacity, Mr. Chorske was a founder and co-president of Whole Oceans, LLC. In addition to his executive leadership roles, Mr. Chorske was appointed or acted as the chief financial and corporate development lead, and managed capital formation and stakeholder reporting, for each of the above companies. Mr. Chorske has served as a director of Healthy Business Group, LLC since 2011, and as director of Riff, LLC since 2019. From 2005 to 2008, Mr. Chorske was a partner of GCM Capital LP, where he managed a $100 million investment fund pursuing a public and private structured convertible debt and private investment in public equity (“PIPE”) strategy. Mr. Chorske earned his MBA from Columbia University.

Americo has over four decades of experience in asset management and lending, with a focus on risk management and investments in emerging markets. From 2013 to present, he has been the Chief Operating Officer and Risk Manager for Waypoint Asset Management LLC, a boutique asset manager focused on distressed and special situations in emerging markets. Prior to joining Waypoint, Americo co-founded Forum Asset Management in 2001, where he was a Principal until 2012. From 1999 to 2001, he was a Managing Director of Darby Overseas Investments, and from 1990 to 1999 he was a Managing Director at ING.

Frederick C. Herbst served as Chief Financial Officer of Ready Capital Corporation, a commercial mortgage REIT, and Managing Director of Waterfall Asset Management, LLC, an SEC-registered institutional asset manager, from 2009 until he retired in June 2019. At Ready Capital Corporation. Mr. Herbst was responsible for all finance and accounting operations for the company and oversaw Ready Capital Corporation’s conversion to a public company via a reverse merger with a previously existing public company. From 2005 to 2009, Mr. Herbst was Chief Financial Officer of Clayton Holdings, Inc., a publicly traded provider of analytics and due diligence services to participants in the mortgage industry. Prior to Clayton Holdings, Mr. Herbst was Chief Financial Officer of Arbor Realty Trust, Inc., a publicly traded commercial mortgage REIT, from 2003 until 2005, and of Arbor Commercial Mortgage, LLC, from 1999 until 2005. Prior to joining Arbor, Mr. Herbst was Chief Financial Officer of The Hurst Companies, Inc., Controller with The Long Island Savings Bank, FSB, Vice President Finance with Eastern States Bankcard Association and a Senior Manager with Ernst & Young.

Mr. Herbst has served as a member of the board of directors of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), a commercial mortgage REIT, since 2021.

Mr. Herbst holds a B.A. in Accounting from Wittenberg University and became a licensed Certified Public Accountant in 1983.

Jason Papastavrou founded ARIS Capital Management, LLC, a wealth management firm, in2004 and currently serves as its Chief Executive Officer. Previously, Dr. Papastavrou was the founder and managing director of the Fund of Hedge Fund Strategies Group of Banc of America Capital Management (BACAP), president of BACAP Alternative Advisors, and a senior portfolio manager with Deutsche Asset Management.

Dr. Papastavrou has served as a member of the board of directors of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), a commercial mortgage REIT, since 2021, and as a member of the board of directors of GXO Logistics (NYSE: GXO), a publicly traded pure-play contract logistics company, since August 2021; and previously served on the board of directors of XPO Logistics, Inc. (NYSE:XPO), a publicly traded leading provider of freight transportation, from September 2011 to August 2021,and on the board of directors of United Rentals, Inc.(NYSE: URI), a publicly traded equipment rental company, from April 2005 to May 2020.

Dr. Papastavrou was a tenured professor at the School of Industrial Engineering at Purdue University and holds a B.S. in mathematics, and a M.S. and a Ph.D.in electrical engineering and computer science from the Massachusetts Institute of Technology.