Brentwood Private Equity, a Delaware limited liability company that commenced operations in April 1999, is a private investment management firm and a registered investment adviser. Brentwood, including Brentwood Private Equity IV, L.P. (“Brentwood IV”), Brentwood Private Equity V, L.P. (“Brentwood V”), Brentwood Private Equity VI, L.P. (“Brentwood VI,”), Brentwood Private Equity VII, L.P. (“Brentwood VII”) and Brentwood Associates Opportunities Fund GP, L.P. (“BAO GP” and together with Brentwood Private Equity, Brentwood IV, Brentwood V, Brentwood VI, and any future affiliated general partner entities, the “Advisers” or the “General Partners”), each a Delaware limited partnership, provide investment advisory services to investment funds privately offered to qualified investors in the United States and elsewhere. Each of the Advisers conducts business primarily under the name Brentwood Associates. Brentwood commenced operations in 1972. Brentwood IV is the general partner of Brentwood Associates Private Equity IV, L.P. (“BAPE IV”) and BAPE IV - AIV, L.P. (“BAPE IV-AIV”), each a Delaware limited partnership. Brentwood V is the general partner of Brentwood Associates Private Equity V, L.P. (“BAPE V”), Brentwood Associates Private Equity V-A, L.P. (“BAPE V-A”), and BAPE V Executive Fund, L.P. (“BAPE V Executive”), each a Delaware limited partnership. Brentwood VI is the general partner of Brentwood Associates Private Equity VI, L.P. (“BAPE VI”), Brentwood Associates Private Equity VI-A, L.P. (“BAPE VI-A”) and BAPE VI Executive Fund, L.P. (“BAPE VI Executive”), each a Delaware limited partnership. Brentwood VII is the general partner of Brentwood Associates Private Equity VII, L.P. ("BAPE VII") and Brentwood Associates Private Equity VII-A, L.P. (“BAPE VII-A”), each a Delaware limited partnership. BAO GP is the general partner of Brentwood Associates Opportunities Fund, L.P. (“BAO”), a Delaware limited partnership. Additionally, Brentwood IV, Brentwood V, Brentwood VI and Brentwood VII also serve as general partner or manager for certain affiliated Fund (as defined below) entities and certain co-investment vehicles that invest alongside the relevant Fund (the “Co-Invest Vehicles”). Each of Brentwood IV, Brentwood V, Brentwood VI, Brentwood VII and BAO GP is subject to the Advisers Act pursuant to Brentwood Private Equity’s registration in accordance with SEC guidance. Brentwood Private Equity, Brentwood IV, Brentwood V, Brentwood VI, Brentwood VII and BAO GP operate as a single investment advisory firm and are under common control. In addition, Brentwood Private Equity is the management company to BAPE IV, BAPE IV-AIV, BAPE V, BAPE V-A, BAPE V Executive, BAPE VI, BAPE VI-A, BAPE VI Executive, BAPE VII, BAPE VII-A and BAO (each, a “Fund”, and, collectively, together with the Co-Invest Vehicles and any future private investment fund managed by Brentwood, the “Funds”). Brentwood has the authority to manage the business and affairs of the Funds pursuant to the limited partnership or other operating agreements of the Funds (each, a “Partnership Agreement”) and/or respective management agreements with Brentwood IV, Brentwood V, Brentwood VI, Brentwood VII and BAO GP. Brentwood is authorized, for tax, regulatory or other structuring reasons, to determine that an investment that would otherwise be made through a Fund should be made through an alternative investment vehicle formed by Brentwood (an “Alternative Investment Vehicle”), subject to any applicable limitations in the relevant Partnership Agreement. Brentwood also is permitted to establish Alternative Investment Vehicles in order to permit one or more investors (including co- investors) to participate in one or more particular investment opportunities in a manner desirable for tax, regulatory or other reasons. There generally is limited discretion to invest the assets of Alternative Investment Vehicles independent of limitations or other procedures set forth in the organizational documents of such vehicles and the related Fund. The Funds are private equity funds and invest through negotiated transactions in operating entities, generally referred to herein as “portfolio companies.” The Advisers’ investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating

investments, managing and monitoring investments and achieving dispositions for such investments. Although each Fund invests predominantly in non-public companies, each Fund reserves the right to invest in public companies, subject to any limitations set forth in its Partnership Agreement. The Funds generally seek to take a controlling position when investing in a portfolio company, and generally at least one Brentwood Principal (as defined below) or other Brentwood investment professional serves on a portfolio company’s board of directors or other similar body in order to represent the applicable Fund’s interests in the portfolio company. The Advisers’ advisory services to the Funds are detailed in the applicable private placement memoranda or other offering documents (each, a “Memorandum”), management agreements and Partnership Agreements (as applicable, together with any relevant Memorandum, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds (generally referred to herein as “investors” or “limited partners”) participate in the overall investment program for the applicable Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the relevant Partnership Agreement; for the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship between an Adviser and any investor. Each Fund or its General Partner generally enter into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights (including but not limited to information rights, transfer rights and the right to opt-out of certain investments for legal, tax, regulatory or other similar reasons, or other rights) under, or altering or supplementing the terms of, the relevant Partnership Agreement with respect to such investors. In addition, as permitted by the relevant Partnership Agreement, the Advisers expect to provide investment or co-investment opportunities (including the opportunity to participate in co- invest vehicles) to certain current or prospective investors or other persons, including other sponsors, market participants, finders, consultants (including operating partners) and other service providers, Brentwood’s personnel and/or certain other persons associated with Brentwood and/or its affiliates (e.g., a vehicle formed by Brentwood’s Principals (as defined below) to co- invest alongside a particular Fund’s transactions). Such co-investments typically involve investment and disposal of interests in the applicable portfolio company at substantially the same time and on substantially the same terms as the Fund making the investment. However, for strategic and other reasons, a co-investor or co-invest vehicle (including a co-investing Fund) purchases a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell-down or transfer) which generally will have been funded through Fund investor capital contributions and/or use of a Fund credit facility. Any such purchase from a Fund by a co-investor or co-invest vehicle generally occurs shortly after the Fund’s completion of the investment. Where appropriate, and in Brentwood’s sole discretion, Brentwood reserves the right to charge interest and/or fees on the purchase to the co-investor or co-invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions) to compensate the relevant Fund for the holding period, and to seek reimbursement to the relevant Fund for related costs. As of December 31, 2023, Brentwood managed $3,799,286,648 in client assets on a discretionary basis. Brentwood Private Equity is managed by its respective managing members, who are William M. Barnum, Jr., Eric G. Reiter, Steven W. Moore, Rahul Aggarwal and Craig Milius (collectively, the “Principals”). Each of Brentwood IV, Brentwood V, Brentwood VI, Brentwood VII and BAO GP is managed by its limited partners, who are the Principals. William M. Barnum, Jr., Eric G. Reiter, Steven W. Moore and Rahul Aggarwal each own 25% of Brentwood Private Equity.