A. General Description of Advisory Firm Oribel Capital Management, LP (“Investment Manager”, “we”, “us”, “our” or “Oribel”) is a Delaware limited partnership that was formed on June 15, 2015 and commenced investment management operations in December 2015. The Investment Manager currently has one office located in New York City, where its officers and employees are based, although officers and/or employees may work remotely. Oribel Capital GP, LLC (the “General Partner”) is an affiliate of the Investment Manager and the general partner of certain funds as explained below. Unless and only to the extent that the context otherwise requires, references to the Investment Manager, we, us or Oribel herein are deemed to include references to the General Partner as well. The Investment Manager and General Partner are principally owned and controlled (directly or through affiliated business entities) by Adam Brenner, Greg Brenner and Mikal Patel (each, a “Founder” and collectively, the “Founders”). Oribel Management, LLC (each Founder is a managing member) as general partner of the Investment Manager, controls the Investment Manager. The general partner of the Investment Manager has ultimate responsibility for the management and operations of the Investment Manager. The Investment Manager provides investment advisory services to Oribel’s pooled investment vehicles (the “Funds”, as such term is further defined on the next page), certain sub-advised private funds (the “SubadvisedPFs”) and separately managed accounts (“SMAs”) (the Funds, SubadvisedPFs and SMAs are referred to individually as a “Client” or collectively as the “Clients”) intended for investment by sophisticated investors and institutional investors on a discretionary basis. B. Description of Advisory Services We provide discretionary investment advice to Clients. In the future, we may provide discretionary and/or non-discretionary investment advice to other private investment funds and/or separately managed accounts. “The Oribel Strategy” is a fundamental long/short equity strategy which takes minimal net exposure. The Oribel Strategy may also be referred to as the “ALPHA Strategy” or “ALPHA Class” or the “Core Strategy”. The Oribel Strategy invests in the B2B services, technology, communication services and industrials sectors (collectively, “Technology”), with no pre- determined style bias.
• Objectives - Strive to achieve superior risk-adjusted returns regardless of market environment while taking minimal net exposure to the market’s direction. Seek to minimize drawdowns and preserve capital.
• Strategy – Focused principally on long and short positions in large and mid-capitalized publicly-traded equities and options. Seek to employ a deep bottom-up fundamental research process, balanced with a top-down perspective, and combined with a flexible investment style and strong risk management framework. Apply an iterative investment process and unemotional decision making. Oribel Capital Management, LP Form ADV: Part 2A Page 5 “Other Strategies” - We may employ other strategies on behalf of our clients in addition to the Oribel Strategy. The Master Fund (as defined below) began offering an “AlphaPLUS Class” as of January 3, 2022 which generally will be managed with moderate net exposure by generally having a higher net exposure than the ALPHA Class (effectively, the ALPHA Strategy with such higher net exposure managed through the use of a subaccount). In addition, certain SubadvisedPFs have a subaccount used to adjust exposure. In the future, we may offer additional classes of interests in the Funds and/or employ subaccount(s) for certain SubadvisedPFs for various reasons such as for the purpose of adjusting exposure, foreign currency, or leverage. We have in place an investment management agreement with each Client. We are responsible

for determining the specific securities and other investments to be bought and sold and arranging the execution of all purchase and sale orders on behalf of the Clients. Our Clients are:
• Funds - Oribel Capital Master Fund, LP (the “Master Fund”) is an exempted limited partnership established and registered on November 30, 2015 under the laws of the Cayman Islands. The Master Fund is registered as a mutual fund under the Mutual Funds Law of the Cayman Islands and commenced operations on January 4, 2016. The Master Fund was organized for the purpose of trading and investing in securities and is a “master” fund in a “master-feeder” fund structure with two feeder funds which are limited partners: o Oribel Capital Partners, LP (the “Onshore Feeder”), a Delaware limited partnership established primarily for the benefit of U.S. taxable investors, and o Oribel Capital Partners Offshore, Ltd. (the “Offshore Feeder”), an exempted company incorporated in the Cayman Islands established primarily for the benefit of U.S. tax-exempt and non-U.S. investors. The Onshore Feeder and the Offshore Feeder are together referred to as the “Feeder Funds”. The Master Fund and the Feeder Funds are collectively referred to as the “Funds”. The Feeder Funds invest substantially all of their assets in the Master Fund.
• SubadvisedPFs – As of March 1, 2024, we currently manage seven (7) SubadvisedPFs on behalf of institutional investors.
• SMAs - As of March 1, 2024, we do not currently manage SMAs although we may do so in the future. Such accounts are intended for investment by sophisticated investors and institutional investors on a discretionary basis. The Client accounts pursuing the Oribel Strategy are generally managed on a pari passu basis (i.e., in proportion to assets under management, or, in the case of SubadvisedPFs or SMAs, assigned assets under management; assets under management as clarified above are defined as “AUM”). See “B. Order Aggregation and Allocation” under “Item 12 - Brokerage Practices” for additional information. While the Founders are equal in their ownership and management of the General Partner and the Investment Manager and collaborate very closely on the investment process, Mikal Patel serves as the portfolio and risk manager. In Mr. Patel’s absence, the other Founders are authorized to serve in this capacity. Oribel Capital Management, LP Form ADV: Part 2A Page 6 C. Tailored Advisory Services Client accounts are managed in accordance with the terms of their respective governing documents with us (which, in the case of the Funds, is their offering documents and, in the case of a SubadvisedPF or an SMA, is its investment management agreement with us). We generally do not permit investors in the Funds to impose limitations on the investment activities described in the Funds’ offering documents. Under certain circumstances, we do contract with a Client to adhere to limited risk and/or operating guidelines imposed by the Client, which may be through the use of separate subaccounts. In such cases, the Client overall account will not be pari passu to the extent of such risk and/or operating guidelines. We negotiate such arrangements on a case by case basis. (See “Item 16 - Investment Discretion.”) D. Wrap Fee Programs The Investment Manager does not participate in any wrap fee programs. E. Assets Under Management As of March 1, 2024, we had approximately $1.3 billion in AUM on a discretionary basis. We do from time to time manage assets for certain Client accounts on a non-discretionary basis, although we did not manage any Client assets on a non-discretionary basis as of March 1, 2024. Since leverage is employed in managing Client accounts, regulatory assets under management will typically be in excess of AUM, although at times for certain Clients the opposite may be true.