Are you sitting comfortably?
If I were grinding this I would first do the grind that forms the near vertical forward face. Although this needs a slight angle it would be best done simply grinding to half diameter and then rotating the blank approx 5 degrees for the subsequent grinding. This is what it would then look like when viewed from the end, face 3 in your annotated pic is not critical nor is the fillet but that is likely to be left by your grinder.
Next will be the grind that forms the bottom edge of the tool, this is ground at 45degrees to the tools axis and also given 5 degrees of clearance by tilting the grinding rest downwards by that amount.
The final cut is the the other near vertical face, this is ground at 40 degrees to the tool axis so that it does not rub on the cut face and with a steeper clearance of 10 degreed minimum so the back edge does not rub
See angles marked on grinder table in first photo and then more tilt of th etable
Looking at the back of the tool you will have the 2nd & 3rd grind meeting at an 85degree angle and the two clearance angles will also show.
As I said face 3 is not critical and could just as easily be ground like this
None of the angles are set in stone so a bit either way won't hurt, the main thing to watch is that the back of the tool does not rub and you are clear where the red arrow points, as hole sizes get smaller you will need to alter the grind and make the 10deg steeper to maintain clearance or even grind a curved surface