CompanyFund ManagementCarry ManagementTSNorthfield CapitalFundsInvestmentsCarry PlansParticipantsDistributionsVestingVehiclesCARRY PLANS / FUND IIICarry PlansCARRY PLANFund III Carry PlanFund-level plan · Northfield CapitalFund levelDeal levelFUNDSTATUSFund IActiveFund IIActiveFund IIIActive3 participantsAllocated from the Fund III carry poolAllocateAMAlex MorganFund ManagerInvestment TeamHired 03/15/2021TOTAL COMP$5,000,0002026TOTAL CARRY VALUE$6,200,000At current marksVESTED$2,480,00040% vestedTSTSTaylor SmithChief Financial OfficerFinanceHired 11/09/2019TOTAL COMP$1,700,0002026TOTAL CARRY VALUE$2,400,000At current marksVESTED$1,440,00060% vestedSelectedJCJamie ChenAnalystFund Controller / Fund AccountingHired 05/30/2022TOTAL COMP$300,0002026TOTAL CARRY VALUE$420,000At current marksVESTED$126,00030% vestedCompanyFund ManagementCarry ManagementTSNorthfield CapitalFundsInvestmentsCarry PlansParticipantsDistributionsVestingVehiclesVESTING / ALEX MORGAN / CARRY PLAN: FUND IIIVestingAlex Morgan · Fund Manager10% per year · granted Apr 2023VESTED$2,480,00040% of $6,200,000UNVESTED$3,720,00060% remainingNEXT VESTApr 2027+$620,000 · +10%Cumulative % vestedVestedToday (Apr 2026)ScheduledTotal carry value $6,200,0000%25%50%75%100%202310%202420%202530%2026202750%202860%202970%203080%203190%2032100%APR 2026 · TODAY40% vested, $2,480,000CompanyFund ManagementCarry ManagementTSNorthfield CapitalFundsInvestmentsCarry PlansParticipantsDistributionsVestingVehiclesPARTICIPANTS / ALEX MORGANAlex MorganFund Manager · Investment TeamTotal CompensationCarryCo-InvestVestingDocumentsTotal compensation · 2026Salary + bonus + carry + co-investTOTAL COMP$5,000,0002026Salary$400,0008%Bonus$500,00010%Carry$3,600,00072%Co-invest$500,00010%Total$5,000,000100%Carry by fund2026 carry, $3,600,000 across Funds I–IIICARRY$3,600,0002026Fund I$720,00020%Fund II$1,080,00030%Fund III$1,800,00050%Total$3,600,000100%TOTAL CARRY VALUE$6,200,000VESTED$2,480,000 (40%)