Description of Firm Engle Capital Management, L.P. (“Engle” or the “Adviser”) is a Delaware partnership that was formed in October 2014 by Jeffrey Helman and began operations as an investment adviser in June 2015. Mr. Helman serves as Engle’s Portfolio Manager and is the Managing Member of Engle Capital GP, LLC, Engle’s General Partner. The Adviser’s principal place of business is located in Greenwich, Connecticut. Advisory Services Engle provides investment advisory services to private investment funds that are offered to investors on a private placement basis. Engle’s funds are structured in a master-feeder fund structure, whereby a Delaware limited partnership, Engle Capital Partners L.P. (the “Onshore Fund”), and a Cayman Islands exempted limited company, Engle Capital Partners Offshore, Ltd. (the “Offshore Fund”) (collectively the “Feeders” or “Feeder Funds”), invest all or substantially all of their assets in a Cayman Islands exempted limited company, Engle Capital Master Fund, Ltd. (the “Master Fund” and together with the Onshore Fund and the Offshore Fund, the “Engle Funds”). Engle also provides investment advisory services to a separately managed account, and Engle may serve as an investment adviser to additional entities or accounts in the future (together with the Engle Funds the “Funds”). Engle Capital Advisors, LLC (the “General Partner”) acts as the general partner of the Onshore Fund and is considered an affiliate of the Adviser. Investment Objective and Types of Investments The investment objective of the Master Fund is to generate superior long-term returns while avoiding permanent impairment of capital. The Master Fund has a broad and flexible investment mandate, but its primary strategy is to invest in, or take short positions with respect to, publicly traded equity securities and opportunistically invest in credit instruments and securities. At any given time, the Master Fund’s investments may include, without limitation, U.S. or non-U.S. long or short positions in publicly traded or privately issued or negotiated common stocks, preferred stocks, stock warrants and rights, corporate debt, bonds, notes or other debentures

or debt participations, convertible securities, fixed income securities, swaps (including credit default swaps), currencies, options (purchased or written), futures contracts, commodities and forward contracts, derivative instruments in relation to one or more of the foregoing, and other securities or financial instruments. The Master Fund will from time to time take large positions, which results in a highly concentrated portfolio. The Master Fund may also employ leverage to enhance its investment performance, which could magnify the profit or exacerbate the losses of Master Fund. Engle’s investment strategy generally involves making long and short equity investments in global equities based on “bottom-up” fundamental research. Although the target investable universe may change over time, at present, Engle targets $1-10bn market cap companies undergoing transformative change, with a focus on industries in which the research team has invested over many years, including business services, consumer, financial services, financial technology, real estate and TMT. Each idea is evaluated through the lens of its three investment values (Circle of Competence, Quality of Business and Misunderstanding) and Engle generally tries to identify potential long and short investments that (i) fall within its circle of competence, (ii) are of high/low quality and (iii) reflect a misunderstanding about the earnings power or valuation of the business. By focusing research time on these types of investments, Engle believes it can consistently generate high absolute returns and favorable risk reward scenarios. Custom Services The advisory services provided by Engle to the Funds are tailored to the investment objectives, investment strategy and investment restrictions, if any, as set forth in the governing documents of the Funds or the investment management agreement entered into by Engle with such clients. Engle typically does not tailor its advisory services to the individual needs of investors in the Funds. Wrap Fee Program Not applicable. Assets Under Management As of December 31, 2023, Engle had approximately $489,390,872 in discretionary assets under management.