A. Description of the Advisory Firm Liquid Capital Management LLC (“Liquid Stock”), a Delaware limited liability company, was formed on October 12, 2018. Trusts controlled by Jeffrey Le Sage, Robert Pitti, and Gregory Martin are the principal owners of Liquid Stock. B. Types of Advisory Services Liquid Stock serves as investment adviser to private investment funds (the “Funds”). An affiliate of Liquid Stock serves as the general partner to each of the Funds (the “General Partners”). Liquid Stock may decide in the future to sponsor or manage additional private investment funds or provide services to additional types of clients. Collectively with the Funds, these are Liquid Stock’s “Clients”. Generally, the Funds are designed to achieve attractive risk-adjusted returns for investors through investments that utilize pre-IPO securities as collateral, principally by (i) identifying, originating, sourcing, structuring, monitoring, purchasing and otherwise investing, directly and indirectly in secured and unsecured liquidity transactions with persons and/or entities holding equity securities, and options to acquire equity securities, in late-stage private issuers (“Pre-IPO Issuers”); and (ii) holding and disposing of such securities, as further described in the Funds’ respective offering memorandum, limited partnership agreement, and subscription documents (collectively, the “Constituent Documents”). One of the Funds (the “SPV”) exists as a special purpose vehicle to effectuate an investment by another Fund and

does not invest or operate in the same manner as the other Funds. The SPV is not open to investors. One of the Funds may also invest directly in the equity of Pre-IPO issuers, as further described in such Fund’s Constituent Documents. Liquid Stock provides investment advice to the Funds regarding such investments, which are typically made through private contracts between the Fund and equity and/or option holders of Pre- IPO Issuers (“Counterparties”). The Funds offered or are offering limited partnership interests (“Interests”) to certain qualified investors as described in Item 7, below (such investors or prospective investors are referred to hereafter as “Investors”). C. Client Tailored Services and Client Imposed Restrictions Advisory services are tailored to achieve Clients’ investment objectives, but Liquid Stock does not provide tailored investment advice to the Investors of the Fund. Liquid Stock generally has the authority to select which and how many securities and other instruments to buy or sell without consultation with Clients or Investors, other than with respect to the approval of Pre-IPO Issuers by certain of the Funds’ Limited Partner Advisory Committees as described in Item 8.C. below. D. Wrap Fee Programs Liquid Stock does not participate in wrap fee programs. E. Amounts Under Management Liquid Stock manages the assets of the Clients and has the following assets under management: Discretionary Amounts: Non-Discretionary Amounts: Date Calculated: $255,837,280 $0 December 31, 2023