Lewis & Clark Equity Partners, LLC (“L&C Partners”) provides investment advisory services to pooled investment vehicles (the “L&C Partners Funds”) that are exempt from registration under the Investment Company Act of 1940 (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933 (the “1933 Act”). Lewis & Clark Ventures Capital, LLC (“L&C VC” and, each of L&C Partners and L&C VC, collectively, the “Advisers”) provides investment advisory services to and acts as general partner to pooled investment vehicles (the “L&C VC Funds” and, collectively with the L&C Partners Funds, the “Funds”) that are exempt from registration under the 1940 Act and whose securities are not registered under the 1933 Act. L&C Partners and L&C VC are each wholly owned, through a trust1, by Thomas J. Hillman. Each Adviser, along with each Fund’s general partner (in the case of L&C Partners), identifies investment opportunities for, and participates in the acquisition, management, monitoring and disposition of investments of, each Fund. These investments are privately negotiated and typically take the form of unregistered equity or equity-like investments in U.S. and non-U.S. private companies. At times an Adviser may recommend other types of investments, consistent with the applicable Fund’s investment strategy and objective. L&C Partners provides investment advisory services to each L&C Partners Fund pursuant to a separate investment advisory agreement with the Fund. L&C VC provides investment advisory services to and serves as general partner of each L&C VC Fund pursuant to the terms of each Fund’s respective partnership agreement. Investment advice is provided by an Adviser directly to the applicable Fund, and not individually to the limited partners in the Fund. Investment

restrictions for the Funds, if any, are generally established in the organizational and/or offering documents of the applicable Fund (“Governing Documents”), which are provided to each Fund investor prior to investing in the Fund. Once invested in a Fund, investors cannot impose restrictions on the types of securities in which the Fund may invest. Lewis and Clark RBIC Fund II, L.P. and Lewis and Clark RBIC Fund III, L.P. are private investment funds which have been granted a Rural Business Investment Company Licensee by the USDA. Lewis and Clark RBIC Fund II, L.P. has $88.1M of capital commitments of which $75.9M have been called and deployed. It has a current a current NAV of $80.9M as of December 31, 2023, inclusive of uncalled capital commitment. Lewis and Clark RBIC Fund III, L.P. has $70.4M of capital commitments of which $0 have been called as of December 31, 2023. It has a current NAV of $70.4M as of December 31, 2023, inclusive of uncalled capital commitments. As RBIC Licensees, both of these funds are subject to the relief provided in the RBIC Advisers Relief Act of 2018 (the “RBIC Advisers Relief Act”) which amended the Investment Advisers Act of 1940 (the “Advisers Act”) to provide one new and two expanded exemptions from registration for investment advisers who advise rural business investment companies (“RBICs”). The RBIC Advisers Relief Act added section 203(b)(8) to the Advisers Act and excluded RBIC assets from assets under management by amending the definition of the term “assets under management” in Advisers Act rule 203(m)–1. 1 Thomas J. Hillman Living Trust Dated May 18, 1993. L&C VC and L&C Partners have been in business since 2015 and 2018, respectively. As of December 31, 2023, the Advisers collectively managed approximately $302,000,000 in client assets, all on a discretionary basis.