Investor Update July 2025

This communication and the information contained herein are confidential and proprietary to Bridge Tower Partners, GP, LP (together with its affiliates, “Bridge Tower”, “we”, “our” or “us”) and are being provided to the recipient by Bridge Tower upon the request of the recipient in confidence on the understanding that the recipient will observe and comply with the terms and conditions set forth in this paragraph and the following paragraphs. By accepting this communication, the recipient agrees that the information contained herein is for the exclusive use of the recipient and, without the prior written consent of Bridge Tower, the recipient shall not (i) copy, distribute, make available or otherwise disclose any information in this communication to other parties, or (ii) use such information for any purpose other than the specific purpose of evaluating a potential investment opportunity with Bridge Tower or learning more about Bridge Tower. This communication must be returned to Bridge Tower upon Bridge Tower’s request. Notwithstanding the foregoing, the recipient of this communication may disclose to any and all persons, without limitation of any kind, the tax structure and tax treatment of any investment opportunity with Bridge Tower and all related materials of any kind that are provided to the recipient.

This document and the information contained in this document do not constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any shares or other securities in any Bridge Tower-sponsored fund or investment vehicle. In deciding whether to invest, prospective investors will be provided with a Confidential Private Placement Memorandum or other offering materials, which include information about risks associated with an investment and the material terms of the relevant fund or investment vehicle’s constituent documents. The recipient acknowledges that this communication does not contain certain material information about Bridge Tower’s investment processes or any specific investment opportunity, including important disclosures and risk factors, which are contained in the definitive investment documentation. The information contained in this communication is subject to all such definitive investment documentation.

The value of investments may fall as well as rise. Any investment with Bridge Tower is suitable only for sophisticated investors and requires the financial ability and willingness to accept for an indefinite period of time the risks and lack of liquidity inherent in the strategy and instruments of such investments.
Certain information (including any statements of opinion and/or belief) contained herein is based on or was obtained or derived from data published or prepared by other parties. While the unaffiliated third-party sources are believed to be reliable, neither Bridge Tower nor any of its directors, officers, employees, partners, shareholders or agents has independently verified such information nor assumes any responsibility for the accuracy of any such information and no such party shall have any liability to any recipient of this communication or any other person relating to or resulting from the use of or reliance on any such information contained herein or any errors therein or omissions therefrom.

No representation, warranty, assurance or undertaking (express or implied) is given (and can therefore not be relied upon as such), and no responsibility or liability is or will be accepted by us or any of our affiliates or our respective officers, employees or agents as to the adequacy, accuracy, completeness or reasonableness of the information, statements and opinions expressed in this document. Any opinions expressed in this document do not constitute legal, tax or investment advice and can therefore not be relied upon as such. The information contained in this document (which does not purport to be comprehensive) is believed to be accurate only on the date hereof and does not imply that the information herein is correct at any time after the date hereof and such information is subject to change at any time without notice. The views expressed herein are subject to change based on market and other conditions and we give no undertaking to update the information, to reflect actual events, circumstances or changes in expectations or to provide additional information after its distribution, even if the information becomes materially inaccurate.

To the extent that this communication includes information about prior investments or activities of Bridge Tower (or its affiliates) or projections of anticipated future performance and other forward-looking statements, such projections and forward-looking statements included herein, or otherwise made orally or in writing from time to time, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict as well as factors that are beyond Bridge Tower’s control. Past performance is no guarantee of future performance and should not be relied on in deciding whether to invest. Any gross returns presented herein do not reflect the deduction of any management fees, fund expenses, carried interest, or other expenses that may be borne by third-party investors. An individual investor’s actual performance may vary materially based on any number of factors, including the timing of capital contributions and distributions as well as the deduction of all applicable fees and expenses.

The recipient acknowledges and agrees that no person has, nor is held out as having, any authority to give any statement, warranty, representation, assurance or undertaking on our behalf in connection with any potential investment. This communication is intended to be used in one-on-one communications by Bridge Tower, and to be provided by Bridge Tower to single recipients who have the opportunity to discuss its contents with Bridge Tower.