Round Hill Music LP (“Round Hill” or the “Investment Manager”), a Delaware limited partnership, was founded in January 2011 and is a boutique music publishing firm headquartered in Nashville, Tennessee and has been registered with the US Securities and Exchange Commission (“SEC”), effective June 2015. Round Hill currently provides discretionary investment management services to Round Hill Music Royalty Fund II LP (“Fund II”), Round Hill Music Royalty Fund III LP (“Fund III”), and its affiliates, and Round Hill Music Royalty Fund III Plus LP (“Fund III Plus”) and its affiliates; as well as Round Hill Music Carlin Coinvest LP (“Carlin Coinvest”), collectively the “Funds”). The general partner of both the Carlin Coinvest and Fund II, both Delaware limited partnerships, is Round Hill Music Royalty Fund II GP LP (“GP II LP”). The general partner of Fund III is Round Hill Music Royalty Fund III GP LP, a Delaware limited partnership, and the general partner of Fund III Plus is Round Hill Music Royalty Fund III Plus GP LP, a Delaware limited partnership (“GP III Plus LP”; collectively with GP II LP, the “General Partners”). Josh Gruss is the initial principal of each General Partner entity (the “Principal”). Each of the Funds is a private fund. Fund investors are referred to herein as “investors” or “limited partners.” The respective General Partner may, in its sole discretion, provide or commit to provide co-investment opportunities to one or more limited partners in the Funds, and/or other persons from time to time in connection with the potential acquisition of the copyright assets and such other activities incidental or ancillary thereto. See Item 5 and Item 10 for further discussion. Round Hill previously also advised Round Hill Music Royalty Fund Limited (the “European Fund”), which was listed on the London Stock Exchange. Effective October 31, 2023, the European Fund was acquired by a purchaser unrelated to Round Hill. Consequently, Round Hill no longer provides investment advice to the European Fund. Josh Gruss is joined by Amanda Siconolfi and Stephen Clark, an experienced team with an established reputation and a strong track record in the music and finance industries (collectively, the “Investment

Team”). Their deep networks in the music and entertainment industry are expected to March 2024 5 provide access to attractive proprietary opportunities and enhance Round Hill’s ability to create value for the Funds’ catalogs. Round Hill seeks to capitalize on the team’s dynamic combination of music industry, institutional investment and finance experience to differentiate itself in an industry dominated almost exclusively by music professionals. Please see Item 8 below for a brief discussion of Round Hill’s current investment strategies. Important information regarding an investment in the Funds, including the specific investment strategies and policies, fees and expenses, risk factors and other material terms, are set forth in the relevant private placement memoranda or other offering documents (each, a “Memorandum”), investment management agreements, limited partnership or other operating agreements of the Funds (each, a “Partnership Agreement” and, together with any relevant Memorandum, the “Governing Documents”). Additionally, as permitted by the Offering Documents, Round Hill may provide (or agree 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 and other service providers, portfolio entity management or personnel, Round Hill personnel and/or certain other persons associated with Round Hill and/or its affiliates. Such co-investments typically involve investment and disposal of interests in the applicable portfolio investment at the same time and on 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 entity (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. As of December 31, 2023, Round Hill’s discretionary regulatory assets under management were approximately $976,803,546.