Firm Overview SRP Capital Advisors, LLC (“Stronghold”) is a Delaware limited liability company and investment adviser established in 2017. Stronghold provides or may provide investment management and advisory services to private investment funds, single investor vehicles, separately managed accounts, co-investment entities and other advisory clients (collectively referred to as “Clients”) that invest in debt, equity and other securities in the natural resources industry (“Portfolio Investments”). Stronghold may solicit co-investors to participate in investment opportunities or create co-investment entities (together referred to as “Co- Investors”) to make co-investments alongside Clients or Funds (as defined below). Co-Investors may or may not be deemed to be Clients, depending on the facts and circumstances. Types of Advisory Services Stronghold or affiliated investment managers of Stronghold currently serve as investment advisers to SRP Opportunities II, LP, a Delaware limited partnership (“SRPO-II”); SRPO-II Partners I, LP (“SRPO-II Partners”), a Delaware limited partnership; Stronghold Targeted Operator Minerals Partners II, LP (“STOMP II”), a Delaware limited partnership; Yukon Co-Investment Partners, LP (“Yukon”), a Delaware limited partnership; Junction Resource Partners, LP (“Junction”), a Delaware limited partnership; SRP Ventures 2019, LP (“Ventures 2019”), a Delaware limited partnership; SRP Opportunities III, LP (“SRPO- III”), a Delaware limited partnership; and Dirt Track Investments Fund I, LP (“Dirt Track”), a Delaware limited partnership (each a “Fund”, and together, the “Funds”). SRP Opportunities II GP, LP, a Delaware limited partnership, is the general partner of SRPO-II; SRPO-II Partners I GP, LP, a Delaware limited partnership, is the general partner of SRPO-II Partners; STOMP II GP, LP, a Delaware limited partnership, is the general partner of STOMP II; Yukon CIP GP, LP, a Delaware limited partnership, is the general partner of Yukon; JRP GP, LP, a Delaware limited partnership, is the general partner of Junction; SRP Ventures 2019 GP, LLC, a Delaware limited liability company, is the general partner of Ventures 2019; SRP Opportunities III GP, LP, a Delaware limited partnership, is the general partner of SRPO-III and Dirt Track Investments, LP, a Delaware limited partnership, is the general partner of Dirt Track (each a “General Partner”, and together, the “General Partners”). SRPO-II Manager, LP, a Delaware limited partnership, is the management company to SRPO-II and SRPO-II Partners; STOMP II Manager, LLC, a Delaware limited liability company, is the management company of STOMP II; Yukon CIP Manager, LLC, a Delaware limited liability company, is the management company of Yukon; JRP Manager, LLC, a Delaware limited liability company, is the management company of Junction; SRP Ventures 2019 Manager, LLC,

a Delaware limited liability company, is the management company of Ventures 2019; SRP Opportunities III Manager, LLC, a Delaware limited liability company, is the investment management company of SRPO-III and Dirt Track Manager, LLC, a Delaware limited liability company, is the investment management company of Dirt Track (each an “Investment Manager” and together the “Investment Managers”). Stronghold and the Investment Managers are together filing a single umbrella registration with the Securities and Exchange Commission (“SEC”), and each of the Investment Managers (each a “relying adviser”) is listed on Schedule R of Stronghold’s Form ADV Part 1. Each Investment Manager is a subsidiary of SRP IM Holdings, LLC (together with its affiliates, SRP Management Services, LLC and DSD Stronghold Management, LLC, the “Management Company”). Principal Owners Stronghold, the General Partners, and the Investment Managers are, directly or ultimately, primarily owned and controlled by Ryan A. Turner (the “Managing Partner”). For more information regarding the ownership of Stronghold, please see Schedules A and B of Part 1 of Form ADV. Investment Mandates Stronghold provides or will provide investment advice to Clients and manages Funds or Client accounts in accordance with the investment objectives, strategies, guidelines, restrictions and limitations set forth in the applicable confidential offering memorandum, limited partnership agreement, organizational and governing documents, investment management agreements, advisory agreements and/or other related documents (collectively, the “Governing Documents”). The information in this Brochure is qualified in its entirety by the information set forth in such documents. Investors generally are not permitted to impose restrictions or limitations on the management of the Funds managed by Stronghold. Stronghold or an affiliate thereof has and may enter into side letter agreements or arrangements with one or more investors in the Funds it manages that have the effect of establishing rights under, or altering, modifying, waiving or supplementing the terms of, the Governing Documents of the applicable Fund in respect of such investors. Among other things, these agreements entitle or may entitle an investor in a Fund or other client to lower fees, information or transparency rights, most favored nations’ status, notification rights or other preferential rights and terms. Information about each Fund and other advisory clients is set forth in their Governing Documents, which, with respect to Funds, are available to current and eligible prospective investors through Stronghold. Wrap Fee Programs Stronghold does not participate in or sponsor wrap fee programs. Regulatory Assets Under Management As of December 31, 2023, Stronghold had $265,257,619 in regulatory assets under management all of which are managed under discretionary authority.