ADVISORY BUSINESS Innovation X Advisors, LLC (“Innovation X” or the “Firm”) is a Delaware Limited Liability Company that was formed in 2022. The principal owner of Innovation X is Roger Monteforte. Innovation X’s principal offices are located in Rockville, Maryland and New York, New York. Roger Monteforte is the principal owner of the Fund MMs, and he is responsible for the day-to-day investment activities of the Firm and the Funds (defined below). Our registration on Form ADV also covers the Fund MMs. The Fund MMs are affiliates of the Firm and serve or may serve as the managing member, general partner, or equivalent of investment vehicles that are organized as limited liability companies or partnerships. The Fund MMs’ facilities and personnel are provided by Innovation X. Innovation X acts as an adviser to various pooled investment vehicles operating as private equity funds (each a “Fund” or “Client” and collectively, the “Funds” or “Clients”). Innovation X manages each Fund pursuant to the Investment Management Agreement executed with the Fund and in compliance with the investment strategy described in the applicable (i) confidential offering memorandum and (ii) governing documents of the Fund (collectively, the “Offering Documents”). Prospective Fund investors (“Investors”) should carefully read the Fund’s Offering Documents and consult with their own counsel and advisers as to all matters concerning an investment in a Fund. The Funds may be established by Innovation X, its affiliates, or third parties. Innovation X, the Fund MMs or their affiliates act as the managing member or general partner to the Funds. Innovation X, its affiliates, and/or their personnel may also have an ownership or management interest in the Funds. Innovation X is designated with the power and authority to manage the day-to-day administrative, business and investment affairs of the Funds and to perform all obligations pursuant to each Fund’s Offering Documents. Certain Funds advised by Innovation X are established primarily to purchase, directly and/or indirectly, securities issued by a single privately held early or developmental-stage company *sometimes called special purpose vehicles or “SPVs”) . In addition, Innovation X from time to time forms Funds to invest in underlying pooled investment vehicles managed by third-party managers (“Fund of Funds”). Accordingly, Innovation X currently provides only limited investment advice with respect to these types of investments. Privately issued shares are not publicly traded and private share issuers limit the number of shareholders permitted to invest in their company. Due to such limitations, private shares have significant liquidity risk (see “Illiquidity of Investments” in Item

8 below). The Fund purchases private shares in certain private companies, and Investors are permitted to invest indirectly in the private companies by purchasing membership interests in the Fund. If the private company eventually goes public, the Fund may liquidate the position or distribute the shares to members, depending upon market conditions, transfer restrictions on the shares and valuation of the investment. Innovation X monitors the performance and status of the Funds’ underlying portfolio companies, making distributions when market conditions and valuations are appropriate. Fund Investors have no ability to cause the sale or other disposition of any investment by any Fund or to determine the timing of any distribution or liquidation of a Fund or its assets, or the decision of a Fund to seek additional capital contributions or admit new Investors. Innovation X, in its role as investment adviser to the Funds, and/or a Fund MM, in its role as a managing member of certain Funds, may agree from time to time to supplements, clarifications, or variations of the terms of a Fund’s offering, subscription, or organizational documents in “side letters” or similar agreements. The descriptions set forth in this Brochure of specific advisory services that we offer to our Clients, and investment strategies we pursue and investments we make on behalf of our Clients, should not be understood to limit in any way our investment activities. We may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that we consider appropriate, subject to each Client’s investment objectives and guidelines. The investment strategies we pursue are speculative and entail substantial risks. Clients should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any Client will be achieved. Fees associated with the Funds can include an annual management fee and carried interest as described in the Funds’ Offering Documents. See Item 5 “Fees and Compensation” and Item 6 “Performance- Based Fees and Side-By-Side Management.” In addition, the Funds pay operating expenses and other costs, including Fund formation costs. Details of the fees and costs associated with the Funds are included in the documentation specific to each Fund. Certain acquisition costs related to purchase of the private shares by the Fund are incurred indirectly by Investors at the time the Fund acquires the private shares from the seller. We do not currently participate in any wrap fee programs. As of March 29, 2023, Innovation X managed approximately $1,167,000,000 in regulatory assets under management, rounded to the nearest $100,000.