Extract to table

Rafferty as key persons; trigger if both cease active involvement; upon trigger, investment period suspended and LP vote required to continue or wind down | Sponsor pushed back on naming Whitmore (firm-wide leader); C&H insisted both must be named given hospitality sector expertise

3 | Drag-along rights of GP / sponsor | GP may drag all co-investors on a sale of 50% or more of AcquisitionCo at any time | Limit drag to sale of 100% of AcquisitionCo only; drag must be at fair market value; co-investors receive same per-unit consideration as Fund IV | Sponsor agreed to limit drag to 100% sales

| GP may drag co-investors only on a sale of 100% of AcquisitionCo; sale must be at fair market value; co-investors receive same per-unit consideration as Ridgeline Fund IV | Agreed | January 16, 2026 | O

no specific requirement for pari passu treatment | Add covenant that co-invest vehicle shall be treated pari passu with Fund IV on all economic terms (price per unit, distribution priority, exit timing) | Discussed Jan 10