Nautic Partners, LLC (“Nautic Partners”), a registered investment adviser, is a Delaware limited liability company. Nautic Partners commenced operations in June 2000. The following investment advisers are affiliated with Nautic Partners:
• Silverado V Corp.
• Nautic Capital VII, L.P.
• Nautic Capital VIII, L.P.
• Nautic Capital IX, L.P.
• Nautic Capital X, L.P.
• Nautic Capital (ESS), L.P.
• Nautic Management V, L.P.
• Nautic Management VI, L.P.
• Nautic Management, LLC (each, a “General Partner” and, collectively, together with any future affiliated general partner entities, the “General Partners” and, together with Nautic Partners and their affiliated entities, “Nautic”) Each General Partner is subject to the Advisers Act pursuant to Nautic Partners’ registration in accordance with SEC guidance. Nautic Partners and each General Partner operate as a single investment advisory firm and are all under common control. The General Partners listed above each serve as general partner to one or more Funds and have the authority to make investment decisions on behalf of such Funds. Nautic Partners does not directly have discretionary investment authority over any Fund, but does provide certain non-discretionary investment advice to the General Partners. Each General Partner makes all investment decisions on behalf of the respective Fund(s) it advises. Nautic Partners employs all Nautic personnel but does not directly receive advisory fees, and see “Fees and Compensation” for more detail. Nautic provides discretionary investment advisory services to its clients, which consist of investment funds privately offered to qualified investors in the United States and elsewhere. Nautic’s clients include the following (each, a “Fund” and, together with any future private investment fund to which Nautic provides investment advisory services, the “Funds”):
• Fleet Equity Partners VII, L.P. “Fleet Fund”
• FVR LLC “FVR LLC”
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• Kennedy Plaza Partners III, LLC Kennedy Plaza Partners VI, L.P. “Kennedy Plaza Funds”
• Nautic Partners V, L.P. “Fund V”
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• Nautic Partners VI, L.P. Nautic Partners VI-A, L.P. “Fund VI”
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• Nautic Partners VII, L.P. Nautic Partners VII-A, L.P. “Fund VII”
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• Nautic Partners VIII, L.P. Nautic Partners VIII-A, L.P. “Fund VIII”
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• Nautic Partners IX, L.P. Nautic Partners IX-A, L.P. “Fund IX”
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• Nautic Partners X, L.P. Nautic Partners X-A, L.P. “Fund X”
• Nautic CarepathRx Co-Invest, L.P. “CarepathRx Co-Invest”
• Nautic Partners (ESS), L.P. “ESS CV”
• IRC Superman Aggregator, LLC “IRC Superman Aggregator”
• Nautic Partners Associates Fund, L.P. The “Associates Fund” The Funds are private equity funds and generally invest through negotiated transactions in operating entities, generally referred to herein as “portfolio companies.” Nautic’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and achieving dispositions for such investments. Although investments are made predominantly in non-public companies, investments in public companies are permitted in certain instances. Where such investments consist of portfolio companies, the senior principals or other personnel of Nautic generally serve on such portfolio companies’ respective boards of directors or similar governing bodies, or otherwise act to influence control over management of portfolio companies in which the Funds have invested. Nautic is the investment manager to ESS CV, which was formed in November 2021 to acquire a

portion of a certain portfolio company investment from certain Funds managed by Nautic. ESS CV and related transactions are part of an effort, in part, to provide limited partners of such participating Funds a partial liquidity option with respect to the relevant portfolio company; each limited partner in the relevant Fund was offered the option to elect to receive partial liquidity in respect of the portfolio company investment or to reinvest all or a portion of such limited partner’s current exposure to such portfolio company in ESS CV alongside new investors. Nautic’s advisory services for each Fund are detailed in each such Fund’s offering memorandum or other offering document(s) (each, a “Memorandum”) and limited partnership or other operating agreement(s) of the Funds (each, a “Limited Partnership Agreement” and, together with any relevant Memorandum, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Fund investors (generally referred to herein as “investors,” “members,” “partners” 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 Governing Documents; for the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship between Nautic and any investor. The Funds or Nautic have entered, and expect in the future to enter, into “side letter” arrangements or other similar agreements with certain investors that have the effect of establishing rights under, or altering or supplementing the terms (including economic or other terms) of, the Governing Documents with respect to such investors. Additionally, as permitted under the Governing Documents, Nautic expects to provide (or agree to provide) certain current or prospective investors or other persons, including portfolio company management or personnel, Nautic’s personnel and/or certain other persons associated with Nautic and/or its affiliates (to the extent not prohibited by the Governing Documents), investment or co-investment opportunities (including the opportunity to participate in co-invest vehicles) that will invest in certain portfolio companies alongside a Fund. 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 a Fund. 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 to avoid any changes in valuation of the investment, but in certain instances could be well after the Fund’s initial purchase. Where appropriate, and in Nautic’s sole discretion, Nautic is authorized to charge interest 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. However, to the extent any such amounts are not so charged or reimbursed (including charges or reimbursements required pursuant to applicable law), they generally will be borne by the relevant Fund. As of December 31, 2023, Nautic managed approximately $7,825,588,486 in client assets on a discretionary basis. Nautic Partners is principally owned by Christopher F. Corey, Christopher J. Crosby and Scott F. Hilinski.