ADVISORY BUSINESS A. General Description of Advisory Firm. Electron Capital Partners, LLC (“Electron,” “Advisor,” “we,” “us” or “our”) is a Delaware limited liability company and has been in business since April 2012. We provide Investment Advisory Services (as defined below) to privately offered pooled investment vehicles (the “Electron Funds”) and sub-advisory services to pooled investment vehicles that include privately placed funds exempt from registration under the Investment Company Act of 1940, as amended (the “Company Act”), and European registered investment companies (Undertakings for Collective Investment in Transferable Securities or “UCITS”) (each, a “Fund” and collectively, the “Funds”). Electron is owned by James (“Jos”) Shaver and Electron Principals (IM), LLC, a Delaware limited liability company (“Electron Principals (IM)”). Electron Principals (IM) is owned by Jos Shaver, Ran Zhou, Neil Choi and Zhe (“Jeff”) Zheng. Ran Zhou is the Chief Investment Officer of Electron and the Managing Partner of both Electron and Electron Principals (IM). Electron has an advisory agreement with a domestic feeder fund, Electron Global Fund, L.P. (the “Global - Domestic Fund”), an offshore feeder fund, Electron Global Fund, Ltd. (the “Global - Offshore Fund”), and together with the Global - Domestic Fund and Global - Offshore Fund, (the “Global - Feeder Funds”), and an offshore master fund, Electron Global Master Fund, L.P. (the “Global - Master Fund”), and together with the Global - Feeder Funds, (the “Electron Global Funds”). The Global - Feeder Funds invest all, or substantially all, of their assets in the Global - Master Fund. Electron GP, LLC, a Delaware limited liability company (“Electron GP”) and an affiliate of Electron, serves as the general partner of the Global - Domestic Feeder Fund and the Global - Master Fund. Electron GP is owned by Jos Shaver and Electron Principals (GP), LLC (“Electron Principals (GM)”), which is also owned by the Partners. Ran Zhou is the Managing Partner of both Electron GP and Electron Principals (GP). Electron also has an advisory agreement with a domestic feeder fund, Electron Infrastructure Fund, L.P. (the “Infrastructure - Domestic Fund”), an offshore feeder fund, Electron Infrastructure Fund, Ltd. (the “Infrastructure - Offshore Fund”); and together with the Infrastructure - Domestic Fund, (the “Infrastructure - Feeder Funds”), and an offshore master fund, Electron Infrastructure Master Fund, L.P. (the “Infrastructure - Master Fund”), and together with the Infrastructure - Feeder Funds, (the “Electron Infrastructure Funds”). The Infrastructure - Feeder Funds invest all, or substantially all, of their assets in the Infrastructure - Master Fund. Electron Infrastructure GP, LLC, a Delaware limited liability company (“Electron Infrastructure GP”) and an affiliate of Electron, serve as the general partner of the Infrastructure - Domestic Fund and the Infrastructure - Master Fund. Electron Infrastructure GP is owned by Jos Shaver and Electron Principals (GP), which is also owned by the Partners. Ran Zhou is the Managing Partner of Electron Infrastructure GP. Electron additionally has an advisory agreement with a domestic feeder fund, Electron New Energy Fund, L.P. (the “New Energy - Domestic Fund”) an offshore master fund, Electron New Energy Master Fund, L.P. (the “New Energy - Master Fund”), and together with the New Energy - Domestic Funds, (the “Electron New Energy Funds”). The New Energy - Domestic Fund invests all, or substantially all, of their assets in the New Energy - Master Fund. Electron Infrastructure GP, LLC, a Delaware limited liability company (“Electron Infrastructure GP”) and an affiliate of Electron, serve as the general partner of the New Energy - Domestic Fund and the New Energy - Master Fund. Electron Infrastructure GP is owned by Jos Shaver and Electron Principals (GP), which is also owned by the Partners. Ran Zhou is the Managing Partner of Electron Infrastructure GP. Additionally, Electron has an advisory or sub-advisory agreement with each of Boothbay Absolute Return Strategies, LP (the “Boothbay Fund”), AGR Trading SPC Series EC Segregated Portfolio (the “AGR Fund”), K2 Electron Liquid Global Master Fund, Ltd. (the “K2 Fund”), Franklin Templeton Alternative Funds - Franklin K2 Electron Global UCITS Fund (the “K2 UCITS Fund”), Franklin Templeton Investment Funds - Franklin K2 Alternative Strategies Fund

(the “K2 UCITS - Multi Fund”), Franklin Alternative Strategies Fund - Franklin K2 Alternative Strategies Fund (the “K2 40 Act Fund”), JPMorgan Funds - Multi-Manager Alternatives Fund (the “JPMF MMAF UCITS Funds”), J.P. Morgan Alternative Asset Management, Inc. Opportunistic Access Master Fund, L.P. (the “JPM OPP Fund”) and UBS Asset Management (Americas) Inc. Pace Select Advisors Trust (40 ACT) (the “UBS PACE 40 Act Fund”), together with the Boothbay Fund, the AGR Fund, the K2 Fund, the K2 UCITS Fund, the K2 UCITS - Multi Fund, the K2 40 Act Fund, the JPMF MMAF UCITS Fund, the JPM OPP Fund and the UBS PACE 40 Act Fund (the “Advisory Accounts”), and together with the Electron Global Funds, Electron Infrastructure Funds and Electron New Energy Funds, (the “Funds”), to serve as an adviser or sub-adviser to each of the Boothbay Fund, the AGR Fund, the K2 Fund the K2 UCITS Fund, the K2 UCITS - Multi Fund, the K2 40 Act Fund, the JPMF MMAF UCITS Fund, the JPM OPP Fund and the UBS PACE 40 Act Fund. Boothbay Fund Management, LLC is the Investment Manager of the Boothbay Fund, AC Investment Management, LLC is the Investment Manager of the AGR Fund, K2/D&S Management Co., L.L.C. is the Investment Manager of the K2 Fund, the K2 UCITS Fund, the K2 UCITS - Multi Fund and the K2 40 Act Fund, J.P. Morgan Alternative Asset Management, Inc. is the Investment Manager for the JPMF MMAF UCITS Fund and the JPM OPP Fund and UBS Asset Management (Americas) Inc. is the Investment Manager for the UBS PACE 40 Act Fund. Electron’s investment program mainly focuses on long and short investments, primarily in publicly traded equity securities in the clean energy, infrastructure, and transitioning utility sectors, seeking to maximize absolute returns and limit volatility through active risk management. B. Description of Advisory Services. As an investment adviser, we are responsible for sourcing potential investments, conducting research and due diligence on potential investments, analyzing investment opportunities, and monitoring investments on behalf of the Funds. We also provide certain administrative services to the Funds or arrange for such services to be provided by a third party. We refer to all of these services as “Investment Advisory Services.” We generate all of our advisory fees from Investment Advisory Services. We tailor the Investment Advisory Services we offer to the individual needs and specified investment mandates of the Funds. For advisory Funds that we sponsor and control, we adhere to the investment strategy set forth in each such Fund’s Private Placement Memorandum. The investment management agreement with each of the Funds’ provides us broad discretion in pursuing the Funds’ investment objective and does not require us to tailor our services to the needs of specific underlying investors of these Funds. The foregoing is subject to the provisions of the relevant investment management agreement or similar agreement (an “IMA”), offering memoranda, or organizational documents (together with the IMA and the offering memoranda, the “Agreements”). The descriptions set forth in this brochure of specific advisory services that we offer to Funds, and investment strategies pursued and investments made by us on behalf of the Funds, 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 Fund's investment objectives and guidelines. The investment strategies we pursue are speculative and entail substantial risks. Funds should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any Funds will be achieved. C. Availability of Customized Services for Individual Clients. Our investment decisions and advice with respect to each Fund are subject to such Fund's investment objectives and guidelines, as set forth in its Agreement. Investment decisions will be made based on the investment objectives and restrictions of the Funds. D. Wrap Fee Programs. We currently do not participate in any wrap fee programs. E. Assets Under Management. As of December 31, 2023, we managed approximately $3,118,333,777 in client assets on a discretionary basis and $0 of client assets on a non-discretionary basis. Please see Items 6 (Performance-Based Fees and Side-by-Side Management), 8 (Methods of Analysis, Investment Strategies and Risk of Loss), 10 (Other Financial Industry Activities and Affiliates) and 14 (Client Referrals and Other Compensation).