Contract analysis

1. Capital Call Summary The following is a summary of the key financial terms of Capital Call #1, as set forth in the Capital Call Notice: Total Capital Call Amount: $22,500,000 Percentage of Total Vehicle Commitment: This capital call represents 7.5% of the total committed capital of the Vehicle, which is $300,000,000. Ironside's Pro Rata Share: As the holder of a 99.99% limited partnership interest in the Vehicle,

2. Wire Transfer Instructions Capital contributions in respect of Capital Call #1 should be wired to the Vehicle's designated capital contributions account at Atlas National Bank, N.A. The following are the wire transfer instructions for this account: Currency and Settlement. The wire transfer must be sent in United States Dollars (USD) and must consist of immediately available funds. We note that the LP Agreement re

3. Confirmation and Verification Procedures Upon execution of the wire transfer, we respectfully request that Ironside's treasury or operations team confirm the wire transfer by sending written confirmation (email is acceptable) to each of the following individuals at Calderwood & Harkness LLP: • Pamela Cross, Responsible Partner — pcross@calderwoodharkness.com • Nicholas Stern, Billing Partner — nstern@calderwoodhar

4. Important Reminders and Caveats Default Remedies. We remind Ironside that failure to fund a capital call within the time period required under the LP Agreement may result in the application of default remedies pursuant to Section 4.01 of the LP Agreement. These remedies include, without limitation, the accrual of interest on late contributions at a rate equal to the lesser of (a) the prime rate as published in The

5. Post-Funding Matters For your planning purposes, we wish to provide a brief overview of the anticipated next steps following the funding of Capital Call #1. Allocation of Capital Call Proceeds. Upon receipt of the funds called pursuant to Capital Call #1, Meridian Infrastructure GP IV LLC, as General Partner, will allocate the capital call proceeds to the designated purposes set forth in the Capital Call Notice, a