A. Description of the Advisory Firm This firm was formed under the laws of the state of Delaware on November 8, 2010. The principal owner is Steven D. Wood. We're a bottoms-up, collaborative, concentrated global investment manager focused on areas of pessimism, structural inefficiencies and low competition. We particularly look to add value to the investments we make, and collaborate with management teams or boards of directors. Our framework maximizes the risk-adjusted return profile of our portfolio while optimizing the qualitative and behavioral success factors on a continuum to ensure a wide variety of actionable opportunities that we can own for long periods of time. This framework results in a concentrated portfolio of great managers guiding under- appreciated companies through transformational moments in their history. After joining the board of directors of our largest investment in 2019, we have expanded our constructive engagement with portfolio companies with the aim of improving the fundamental trajectories of our investment portfolio. B. Types of Advisory Services GreenWood Investors LLC (hereinafter “GWI”) offers the following services to advisory clients: Investment Supervisory Services GWI manages funds and accounts according to its principles and process which results in a concentrated portfolio of the best ideas we can find around the world. We do deep and thorough research, which we make available to all our investors. We concentrate our efforts on a small portfolio of opportunities, which are selected in part based on our ranking framework, which is continuously evolving and, we hope, improving. GWI advises clients to size their asset allocation to their GWI account based on the individual goals, objectives, time horizon, and risk tolerance of each client. GWI creates an Investment Policy Statement for each client with a separate account, which outlines the client’s current situation (income, tax levels, and risk tolerance levels) and then constructs a plan (the Investment Policy Statement) to aid in properly matching the portfolio sizing to each client’s specific situation. Investment Supervisory Services include, but are not limited to, the following:
• Investment strategy • Asset allocation • Asset selection
• Risk tolerance • Regular portfolio monitoring GWI manages its funds and accounts according to model portfolios but does make certain exceptions for unique situations among certain clients with respect to their work place considerations, risk tolerance levels and time horizon. GWI requests discretionary authority from clients in order to select securities and execute transactions without permission from the client prior to each transaction. However, we make exceptions in the case of certain sophisticated investors whose employers or investment mandates

require pre-trade approval. Risk tolerance levels are documented in the Investment Policy Statement, which is given to each client. Performance based fees will be offered to qualified clients that subscribe to the GreenWood Global Micro Fund, LP, the GreenWood Global Fund, the GreenWood Builders Fund I, LP, the GreenWood Offshore Builders Fund I, the GreenWood Builders Fund II, LP, the GreenWood Offshore Builders Fund II, and the GreenWood Builders Fund III LP which are managed by GreenWood Investors LLC. Since the first quarter of 2019, we are only offering subscriptions to our investment funds to qualified investors and have limited separate accounts to clients by invitation only. Services Limited to Specific Types of Investments GWI limits its investments to equities, bonds, fixed income, debt securities, ETFs, REITs, options and private placements. GWI may use other securities as well to help diversify a portfolio when applicable. C. Client Tailored Services and Client Imposed Restrictions GWI offers the same suite of services to all of its clients. Because we are highly focused on maintaining a concentrated portfolio of our highest conviction ideas, and continuously re- allocate capital to the timeliest investments, we do not offer formal time horizon planning for investors. The Investment Policy Statement, which outlines each client’s current situation (income, tax levels, and risk tolerance levels), is used to size the client’s investment to the client’s restrictions, needs, and targets. We would prefer to have the investment sized in line with each investors’ own needs rather than change a portfolio for the investors’ needs. Clients may impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs, and through separate accounts, we have an ability to exclude certain investments. However, if the restrictions prevent GWI from properly servicing the client account, or if the restrictions would require GWI to deviate from its standard suite of services, GWI reserves the right to end the relationship. D. Wrap Fee Programs GWI does not participate in any wrap fee programs. E. Amounts Under Management GWI has the following assets under management: Strategy Discretionary Non-Discretionary/ Advisory* Total as of 02/29/2024 Builders Fund I $39,021,335 - $39,021,335 Builders Fund II $22,672,568 $22,672,568 Builders Fund III $296,652 $296,652 Global Micro Fund $3,893,970 - $3,893,970 Global Micro SMA’s $2,037,788 $1,232,870 $3,270,658 Traditional SMA’s $1,265,277 $160,753 $1,426,030 Total $69,187,590 $1,393,623 $70,581,213 *In the case where we need pre-trade approval from a trustee or employer, although we have discretionary arrangements with many of these clients, we deem these accounts to be non- discretionary given the trading restrictions in place.