LongTail Alpha registered as a Delaware limited liability company in May 2016. It was originally founded as a California limited liability company in December 2015 by Vineer Bhansali, Ph.D. LongTail Alpha is registered as an Investment Adviser with the SEC, as a Commodity Pool Operator and Commodity Trading Adviser with the CFTC and is a member of the NFA. Please note that registration with any regulatory agency does not imply a certain level of skill or training. Vineer Bhansali is the majority owner and Chief Investment Officer of LongTail Alpha. LongTail Alpha may or currently provides investment management services and discretionary investment advice to private funds sponsored by LongTail Alpha (the “Funds”), provides investment management and advisory services to funds-of-one sponsored by LongTail Alpha (“Funds-of-One”), and provides advisory and investment management services to institutions and high net worth individuals through separately managed accounts, through sub-advisory relationships, and through non-discretionary investment consulting arrangements (collectively, “Clients”). ADVISORY SERVICES GENERALLY LongTail Alpha’s investment management services include determining the investment objectives of a client, determining appropriate asset allocation across a client’s investment strategies, executing trades, and monitoring existing and prospective investments in light of each client’s objectives and risk parameters. ADVISORY SERVICES TO THE FUNDS The Funds are organized under the laws of Delaware and the Cayman Islands. The Funds may also issue separate classes, sub-classes or series of interests or shares, each with its own investment objectives, risk guidelines, strategies and offering terms (including, without limitation, different fee schedules, liquidity terms, and currency denominations). The investments of each Fund are managed in accordance with the investment objectives, strategies and guidelines applicable to such Fund and are not tailored to any particular investor in the Fund. Therefore, investors should consider whether a particular Fund meets their investment objectives, risk tolerance and financial situation. LongTail Alpha and its Funds may enter into “side letter” agreements with certain investors which terms differ from the interests generally offered to investors with respect to, among other things, the performance allocation and management fee, redemption and withdrawal rights (including more frequent redemption or withdrawal dates), and informational rights and/or other rights. LongTail Alpha and/or a Fund may enter into “side letter” agreements without providing prior notice to, or receiving consent from, existing investors. The terms of such “side letters” will be determined by LongTail Alpha and/or such Fund in their sole discretion. ADVISORY SERVICES TO A FUND-OF-ONE A Fund-of-One will typically be organized under the laws of Delaware and/or California as a limited partnership or limited liability company. The investments of each Fund-of-One are managed in accordance with the investment objectives, strategies, and guidelines as negotiated between LongTail Alpha and the client in the Fund-of-One. Each Fund-of-One is specifically tailored to the requirements of the client in an effort to provide individualized investment advice. LongTail Alpha LLC Page 5 ADVISORY SERVICES TO SEPARATELY MANAGED ACCOUNTS Investments for a separately managed account client are managed in accordance with the client’s investment objectives, strategies, restrictions and guidelines as set forth in the documents governing LongTail Alpha’s relationship with such client or as otherwise communicated

to LongTail Alpha. Depending on the nature of the relationship, these services may be offered on a discretionary or non-discretionary basis and may include the investment and reinvestment of securities, cash and cash equivalents, futures and options, derivatives, swaps, virtual currencies, virtual currency derivatives, or other products as agreed upon, held in a client’s account. If a client wishes to impose certain restrictions on investing in certain securities or types of securities, or is prohibited by applicable law from investing in such securities or types of securities, LongTail Alpha will address those requests on a case-by-case basis. LongTail Alpha acts as an investment adviser by rendering continuous and regular investment advice and supervisory and management services with respect to a Client’s account. SUB-ADVISORY SERVICES Investments for a sub-advisory relationship are managed in accordance with the client’s investment objectives, strategies, restrictions and guidelines as set forth in the sub-advisory agreement and other applicable documents governing LongTail Alpha’s relationship with such client or as otherwise communicated to LongTail Alpha by the client. Depending on the nature of the relationship, these services may be offered on a discretionary or non-discretionary basis and may include the investment and reinvestment of securities, cash and cash equivalents, futures and options, derivatives, swaps, virtual currencies, virtual currency derivatives, or other products as agreed upon, held in a client’s sub-advisory account. If a client wishes to impose certain restrictions on investing in certain securities or types of securities, or is prohibited by applicable law from investing in such securities or types of securities, LongTail Alpha will address those requests on a case-by-case basis. LongTail Alpha acts as an investment adviser by rendering continuous and regular investment advice and supervisory and management services with respect to a client’s account. INVESTMENT CONSULTING SERVICES LongTail Alpha offers certain clients a broad range of non-discretionary investment consulting services, which may include advice regarding asset allocation, manager selection, portfolio construction, valuation, and investment risk management, among other areas. LongTail Alpha may recommend clients engage the Adviser for additional related services and/or other professionals to implement its recommendations. Clients are advised that a conflict of interest exists if clients engage LongTail Alpha or its affiliates to provide additional services for compensation. Clients retain absolute discretion over all decisions regarding implementation and are under no obligation to act upon any of the recommendations made by LongTail Alpha under an investment consulting engagement. In performing these services, LongTail Alpha is not required to verify any information received from a client or from a client’s other professionals (e.g., attorneys, accountants, custodian, etc.,) and is expressly authorized to rely on such information. Clients are advised that it remains their responsibility to promptly notify LongTail Alpha of any change in their financial situation or investment objectives for the purpose of reviewing, evaluating, or revising LongTail Alpha’s recommendations and/or services. WRAP FEE PROGRAMS LongTail Alpha does not provide portfolio management services to wrap fee programs. REGULATORY ASSETS UNDER MANAGEMENT LongTail Alpha LLC Page 6 As of December 31, 2023, LongTail Alpha managed $721,938,657 on a discretionary basis and $0 on a non- discretionary basis. LongTail Alpha LLC Page 7