ADVISORY BUSINESS A. General Description of Advisory Firm. 1. TOMS Capital Investment Management LP TOMS Capital Investment Management LP (the “Investment Manager,” “we,” and “us”), is a Delaware limited partnership that was formed in 2017. Our principal office and place of business is located in New York, NY. Our principal owners are Mr. Noam Gottesman and Mr. Benjamin Pass. Mr. Gottesman is the Senior Member of TCIM Management GP LLC, the general partner of the Investment Manager (“TCIM Management GP”). Mr. Gottesman is also the Senior Member of TCIM GP MM LLC (“TCIM GP MM”) and the managing member of TCIM GP LLC (the “Fund General Partner”), both of which are limited liability companies organized under the laws of the state of Delaware. TCIM GP MM is the managing member of TCIM Opportunities III GP LLC, a limited liability company organized under the laws of the state of Delaware (the “Opps General Partner”). Mr. Benjamin Pass, who serves as the Chief Investment Officer (“CIO”) of the Funds (as defined below) and is responsible for their day-to-day investment activities, is also a partner of the Investment Manager and a member of the Fund General Partner and the Opps General Partner. 2. Fund General Partners Our registration on Form ADV also covers the Fund General Partner and the Opps General Partner. Both the Fund General Partner and the Opps General Partner are affiliates of the Investment Manager and both serve or may serve as the general partner of pooled investment vehicles that are U.S. or offshore partnerships. Both the Fund General Partner’s and the Opps General Partner’s facilities and personnel are provided by the Investment Manager. Each of the Fund General Partner, the Opps General Partner, TCIM GP MM, the Investment Manager and TCIM Management GP has established a management board (each a “Management Board”, and collectively, the “Management Boards”) which, with the exception of limited consent rights held by Mr. Gottesman upon the occurrence of certain extraordinary events, has been irrevocably delegated responsibility for all aspects of the management and operation of the Fund General Partner, the Opps General Partner, TCIM GP MM, the Investment Manager and TCIM Management GP, respectively. The members of each Management Board are Messrs. Benjamin Pass, and Anup Patel, with Alejandro San Miguel serving as a non-voting observer. B. Description of Advisory Services. 1. Advisory Services. We serve as the investment adviser, with discretionary trading authority, to private pooled investment vehicles, the securities of which we offer to investors on a private placement basis (each, a “Fund” and collectively, the “Funds”) and separately managed accounts, which may be organized as funds of one (each, a “Managed Account”). As used herein, the term “client” generally refers to each Fund and Managed Account. The Funds include: (1) TCIM Fund LP, a Delaware limited liability partnership (the “Domestic Fund”); (2) TCIM Offshore Fund Ltd., a Cayman Islands exempted company (the “Offshore Fund”, and together with the Domestic Fund, the “Feeder Funds”); (3) TCIM Master Fund Ltd., a Cayman Islands exempted company (the “Master Fund”, and together with the Domestic Fund and the Offshore Fund, the “Main Funds”), which serves as the master fund into which the Feeder Funds invest all of their assets through a “master feeder” structure. (4) TCIM Opportunities III Feeder LP, a Cayman Islands limited partnership (the “Opps Feeder Fund”); and (5) TCIM Opportunities III LP, a Delaware limited liability partnership (the “Opps Master Fund” and together with the Opps Feeder Fund, the “Opps Funds”). The Fund General Partner serves as the general partner of the Domestic Fund. The Opps General Partner serves as the General Partner to each of the Opps Funds. We also provide advisory services to pooled vehicles not offered to U.S. investors. This Brochure generally includes information about us and our relationships with our clients and affiliates. While much of this Brochure applies to all such clients and affiliates, certain information included herein applies to specific clients or affiliates only. This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The securities of the Funds are offered and sold on a private placement basis under exemptions promulgated under the Securities Act of 1933 and other applicable

state, federal or non-U.S. laws. Significant suitability requirements apply to prospective investors in the Funds, including requirements that they be “accredited investors” as defined in Regulation D, “qualified purchasers” as defined in the Investment Company Act of 1940, or non-”U.S. Persons” as defined in Regulation S. Persons reviewing this Brochure should not construe this as an offer to sell or a solicitation of an offer to buy the securities of any of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential private placement memorandum. 2. Investment Strategies and Types of Investments. Our objective is to generate superior, absolute returns throughout the complete economic and market cycle. We cause our clients to invest in publicly traded equities, and invest opportunistically in other corporate securities and derivatives. We may cause our clients to take positions in other securities, derivatives and other financial instruments, though generally for the primary purpose of hedging exposures embedded in our client’s primary investment positions. We utilize in depth fundamental research to formulate a differentiated view and assessment of return potential. To accomplish this, the intrinsic value of a security is calculated utilizing various investment analyses including sum of parts, discounted cash flow, market comparables, and other valuation methodologies that we deem to be appropriate. Investments are targeted that exhibit a significantly positive expected value and are sized based on an assessment of dollars lost in a range of downside scenarios. We seek to exploit undervalued and overvalued opportunities as well as other inefficiencies in the market, and as a result, the portfolio consists of both long and short positions, some of which may be concentrated and/or leveraged in an effort to seek to achieve greater returns than could be achieved in the absence of such concentration and/or leverage. Investments in financial instruments may be made on exchanges and over-the-counter. We may cause our clients to invest excess cash balances in short-term investments that we deem appropriate. Certain of our clients, such as the Opps Funds, pursue a specific investment idea or thesis, the investments of which may also be commonly held by other clients. The Opps Funds are more concentrated in nature and invest primarily in the equity and equity-linked securities issued by specific public issuers. The descriptions set forth in this Brochure of specific advisory services that we offer to our clients, and investment strategies we pursue and investments we make on behalf of our clients, should not be understood to limit in any way our investment activities. We may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that we consider appropriate, subject to each client’s investment objectives and guidelines. The investment strategies we pursue are speculative and entail substantial risks. Clients should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any client will be achieved. C. Availability of Customized Services for Individual Clients. Our investment decisions and advice with respect to each client are subject to each client’s investment objectives and guidelines, as set forth in its respective offering documents. References herein to the term “offering documents” shall also include the constitutional and organizational documents of a client, as applicable. The investment objectives and guidelines of the Managed Accounts are determined in conjunction with the applicable client. The Investment Manager, in its role as investment adviser to the Funds, and/or the Fund General Partner and the Opps General Partner, in their roles as the general partner of certain Funds that are partnerships, from time to time agree to supplements, clarifications, or variations of the terms of a Fund’s offering, subscription, or organizational documents in “side letters” or similar agreements. D. Wrap Fee Programs. We do not currently participate in any Wrap Fee Programs. E. Assets Under Management. We manage, on a discretionary basis, approximately $1,863,318,061 of client assets, and on a non-discretionary basis, approximately $203,958,425 of client assets, determined as of December 31, 2022. 1