Rivercrest Capital Management LLC (“RCM”) and Rivercrest Cupola LLC (“Cupola”, and together with RCM and each of their affiliated registered investment advisers, “Rivercrest” or the “Company”) are each investment advisory firms based in Fort Worth, Texas that were founded in 2016 by Robert D. Ravnaas, T. Scott Martin, and R. Davis Ravnaas to manage private equity investments in mineral and royalty interests in oil and gas properties. RCM and Cupola are each organized as a Delaware limited liability company. The principal owners of Rivercrest are Robert D. Ravnaas, T. Scott Martin and R. Davis Ravnaas (collectively with Matthew S. Daly, the “Principals”). Each of RCM, Cupola and their affiliated registered investment advisers is registered in accordance with SEC guidance under the Advisers Act. Cupola is a relying adviser of RCM. Rivercrest provides investment advisory services to Rivercrest Capital Partners LP (“RCP”), Rivercrest Capital Partners II LP (“RCPII”), and Cupola Royalty Direct LLC (“Cupola Direct”), private equity funds that focus on investments in mineral and royalty interests in oil and gas properties (collectively, and together with any related parallel funds and alternative investment vehicles, each a “Fund” or, as the context requires, the “Fund”). Rivercrest may also sponsor and manage other investment vehicles (“Co-Investment Vehicles”) that offer investors opportunities to co-invest alongside the Fund. For the avoidance of doubt, references in this Disclosure Brochure to “Rivercrest” also include any related persons acting as general partners of the Funds, and their affiliates, as applicable. As the investment adviser to the Fund, Rivercrest invests the Fund’s assets pursuant to an investment advisory agreement that the Fund entered into with Rivercrest, and in accordance with each Fund’s limited partnership agreement, limited liability company agreement, private placement memorandum, subscription agreements and other governing documents,

as applicable (collectively, the “Fund Governing Documents”). Rivercrest tailors its advisory services and conducts its investment advisory activities so as to comply with the investment objective, guidelines and restrictions set forth in the Fund Governing Documents, as the same may be amended from time to time. However, because the Fund is a pooled investment vehicle, Rivercrest does not take the circumstances of the Fund’s individual investors into consideration when providing investment advice to the Fund. Further specific details of Rivercrest’s advisory services are set forth in the Fund Governing Documents and are further described below in Item 8, “Methods of Analysis, Investment Strategies and Risk of Loss.” Rivercrest has entered and may in the future enter into side letters or other similar agreements with certain investors that have the effect of establishing rights under, supplementing or altering a Fund’s partnership agreement or an investor’s subscription agreement. Such rights or alterations could be regarding economic terms, fee structures, excuse rights, information rights, investment limitations, or transfer rights, among others. For the most part, any rights established, or any terms altered or supplemented will govern only the investment of the specific investor and not the terms of a Fund as whole. Certain such additional rights but not all rights, terms or conditions may be elected by certain sizeable investors with “most favored nations” rights pursuant to a Fund’s limited partnership agreement. As of December 31, 2023, Rivercrest has approximately $328,398,617 in regulatory assets under management, all of which are managed on a discretionary basis. Investors can request more current information at any time by contacting the Company. The information provided above about the investment advisory services provided by Rivercrest is qualified in its entirety by reference to the Fund Governing Documents.