Grey Rock Energy Management, LLC, a Delaware limited liability company (the “Management Company” and together with its affiliated entities, “Grey Rock”), commenced operations in 2013 with its office headquarters in Dallas, Texas. The Management Company is managed and controlled by Thad Darden, Matt Miller and Griffin Perry (the “Principals”). The general partner of each Fund (defined below), and any other future general partner of a Fund (as defined below) (each, a “General Partner”)) are, or will be, registered under the Advisers Act pursuant to the Management Company’s registration in accordance with SEC guidance. This Brochure describes the business practices of the Management Company and each General Partner, which together operate as a single advisory business. No General Partner has personnel other than those persons associated with the Management Company. Grey Rock provides discretionary investment advisory services to their clients, which consist of investment funds privately offered to qualified investors in the United States and elsewhere (each, a “Fund,” and together with any future private investment fund for which the Advisers provide investment advisory services, the “Funds”). The Funds make strategic investments in diversified non‐operated oil and gas assets in North America. Grey Rock may establish one or more affiliated co-investment vehicles, comprised of the Principals and employees of Grey Rock to invest “side- by-side” with the Funds. Grey Rock has established a board of five managers, three of which comprise an investment committee (the “Investment Committee”),

which is responsible for effectuating each Fund’s investment program and making investment, acquisition and disposition decisions for the Funds. The current members of the Investment Committee are the Principals. The two non-Investment Committee managers (the “Advisors”) are entitled to vote on various items relating to the ownership and operation of Grey Rock; however, the Advisors have no authority to act on behalf of or bind Grey Rock with respect to the acquisition or disposition of Fund investments. Grey Rock’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and ultimately achieving dispositions for such investments. Additionally, Grey Rock will generally oversee the Funds’ assets in accordance with the terms of its advisory or management agreements, confidential offering and/or private placement memoranda, limited partnership agreement and other governing documents applicable to each Fund (the “Governing Documents”). Investment advice and management is provided directly to the Funds and not individually to the limited partners of or investors in the Funds (the “Investors”). All investment restrictions are described in the Governing Documents. Investors should review the Governing Documents for additional information regarding the Funds in which they have invested. As of December 31, 2023, Grey Rock managed on a discretionary basis $397,675,330 in regulatory assets under management on behalf of the Funds.