Pinnacle provides investment management services to private U.S. and offshore investment funds that invest in underlying funds, investment entities, operating companies and/or managed accounts managed by unaffiliated portfolio managers and management. Certain of Pinnacle’s funds also make investments in other funds or accounts managed by Pinnacle. For example, the PNR Funds, OPP Fund and the PPF Funds (each as defined below) are invested in the PACP Funds (as defined below). The domestic and offshore funds managed by Pinnacle are the PNR Funds, the PPF Funds, OPP Fund, the Gravitas Funds, the PACP Funds, PMPC Master, the PSOC Funds, the PPET Fund and the PVA Funds (each as defined below) and are each referred to individually as a “Fund” and collectively as the “Funds”. Pinnacle provides investment advice to the Funds on a discretionary basis and in accordance with the objectives and investment policies described in each Fund’s respective offering and/or operational documents. Pinnacle also receives compensation for advisory and consulting services to, and may enter into fee sharing arrangements with, portfolio managers with which the Funds invest. The “PNR Funds” consist of Pinnacle Natural Resources, L.P., a Delaware limited partnership open for investment by U.S. investors (“PNR Fund”), Pinnacle Natural Resources Offshore Ltd., a Cayman Islands exempted company open for investment by non-U.S. and U.S. tax-exempt investors (“PNR Offshore”), Pinnacle Natural Resources Offshore ERISA Fund Ltd., a Cayman Islands exempted company open for investment by investors subject to the Employee Retirement Income Security Act of 1974, as amended (“PNR ERISA”) and Waystone QIAIF Platform ICAV – Montes Fund (“Montes”), a sub-fund of Waystone QIAIF Platform ICAV which is an umbrella fund with segregated liability between sub-funds registered with and authorized by the Central Bank of Ireland as an ICAV pursuant to Part 2 of the Irish Collective Asset-Management Vehicles Act 2015 (the “ICAV”), which has one investor that is also invested in other Funds. PNR ERISA and Montes invest substantially all of their assets in PNR Offshore, which then invests substantially all of its assets in PNR Fund, which then invests in underlying funds and managed accounts. Certain of the underlying funds that PNR Fund invests in are managed by Pinnacle. PNR Fund allocates a portion of its assets to PPF Master, PACP II, PSOC Master, PPET Master and PVA Master (all as defined below). The “PPF Funds” (formerly the Pinnacle Commodity Infrastructure Funds) consist of Pinnacle Physicals & Financing, L.P., a Delaware limited partnership open for investment by U.S. investors (“PPF Fund”), Pinnacle Physicals & Financing Tax-Exempt, L.P., a Delaware limited partnership open for investment by U.S. tax-exempt investors (“PPF Tax-Exempt”), Pinnacle Physicals & Financing Offshore, Ltd., a Cayman Islands exempted company open for investment by non-U.S. investors (“PPF Offshore”) and Pinnacle Physicals & Financing Master, Ltd., a Cayman Islands exempted company (“PPF Master”). The PPF Funds are set up in a master-feeder structure whereby PPF Fund, PPF Offshore and PPF Tax-Exempt all invest in PPF Master, which then invests in underlying funds and other investment entities. PPF Master invests in underlying funds including funds that are managed by Pinnacle. PPF Master allocates a portion of its assets to PACP I, PSOC Master and PVA Master (each as defined below), which are also managed by Pinnacle. Pinnacle Opportunity Fund, L.P., a Delaware limited partnership (“OPP Fund”) is a Delaware limited partnership. OPP Fund invests in underlying funds managed by third-party managers and managed accounts. In addition, OPP Fund allocates a portion of its assets to PPF Master, PACP I, PPET Master, PSOC Master and PVA Master (each as defined below). P Fund L.P. (doing business as Pinnacle Fund) is a Delaware limited partnership (“Pinnacle Fund”). Pinnacle Fund is no longer open to investment and is in liquidation. PAGP (as defined below), its general partner, intends to use remaining cash balances to pay final Pinnacle Fund expenses and will distribute

any proceeds in excess of expenses to former investors that it is able to locate. The “Gravitas Funds” consist of Waystone QIAIF Platform ICAV - Gravitas Fund (“Gravitas Fund”) and Pinnacle Gravitas Holdings, Ltd., a Cayman Islands exempted company (“Gravitas Holdings”). Gravitas Fund is a sub-fund of the ICAV. Gravitas Fund has one investor which is also invested in other Funds. Gravitas Fund invests in funds managed by third-party managers, in PPF Master through PPF Offshore, in PMPC Master (as defined below), in PSOC Master (as defined below) through PSOC Offshore (as defined below), in PPET Master, in PVA Master through PVA Offshore (as defined below), and in Gravitas Holdings, a Cayman Islands exempted company through which Gravitas Fund, as the only owner, makes certain of its investments in managed accounts. Gravitas Fund may have investments similar to investments of other Funds. The “PACP Funds” consist of Pinnacle Arcadia Cattle Partners I, L.P., a Delaware limited partnership open for investment by U.S. investors (“PACP I”), Pinnacle Arcadia Cattle Partners II, LLC, a Delaware limited liability company open for investment by investors who wish to make a portion of their investment into the fund in the form of debt (“PACP II”), Pinnacle Arcadia Cattle Partners III, LLC, a Delaware limited liability company open for investment by U.S. tax-exempt investors and non-U.S. investors who do not wish to make a portion of their investment into the fund in the form of debt (“PACP III”) and Pinnacle Arcadia Cattle Partners Fund, L.P., a Delaware limited partnership (“PACP Master”). PACP II and PACP III are structured as corporations for U.S. federal tax purposes. The PACP Funds are set up in a master-feeder structure whereby PACP I, PACP II and PACP III all invest in PACP Master, which then invests in underlying operating companies. The PNR Fund invests in PACP Master through PACP II. OPP Fund and PPF Master invest in PACP Master through PACP I. The “PMPC Funds” consist of Pinnacle Merritt Point Commodity Master Fund, Ltd., a Cayman Islands exempted company (“PMPC Master”). The Gravitas Fund is currently the only investor in PMPC Master. The PMPC Funds will be offered to third-parties in the future through a domestic feeder fund and an offshore feeder fund that invest in PMPC Master. The “PSOC Funds” consist of two dedicated feeder funds, Pinnacle Six One Commodities, L.P., a Delaware limited partnership (“PSOC Onshore”) and Pinnacle Six One Commodities, Ltd., a Cayman Islands exempted company (“PSOC Offshore”) that invest in a master fund, Pinnacle Six One Commodities, LLC, a Delaware limited liability company (“PSOC Master”). The Gravitas Fund (through PSOC Offshore), PNR Fund, OPP Fund and PPF Master invest in PSOC Master. The “PPET Funds” consist of Pinnacle Pacific Energy Trading Limited Partnership, a Cayman Islands exempted limited partnership (“PPET Master”) and Pacific Energy Trading Global, Ltd., a Cayman Islands exempted company (“PET Global”). PPET Master wholly-owns PET Global which wholly-owns an Australian power merchant. The Gravitas Fund, PNR Fund and OPP Fund invest in PPET Master. The PPET Funds will be offered to third-parties in the future through a domestic feeder fund and an offshore feeder fund that invest in PPET Master. The “PVA Funds” consist of two dedicated feeder funds, Pinnacle Viserion Agriculture, L.P., a Delaware limited partnership (“PVA Onshore”) and Pinnacle Viserion Agriculture, Ltd., a Cayman Islands exempted company (“PVA Offshore”) that invest in the master fund, Pinnacle Viserion Agriculture International, LLC, a Delaware limited liability company (“PVA Master”). The Gravitas Fund invests in PVA Master through PVA Offshore. PPF Master, PNR Fund and OPP Fund invest in PVA Master as well. Pinnacle was founded in 2003 and is owned by Jason M. Kellman, Scott L. Kellman, Donnell A. Segalas, Marcel N. Massimb, NGI Strategic Holdings (A) LP and NGI Strategies Holdings (B) LP (collectively, “NGI”) and RAM Peak, LLC (“RAM”). As of December 31, 2022, Pinnacle managed approximately $5.7 billion in net assets on a discretionary basis.