Lakemore US is a Delaware limited liability company. Lakemore US is a wholly owned subsidiary of Lakemore Partners Ltd. (“Lakemore Partners”). One of the Directors, Mr. Ahmed Farid Alaulaqi, holds majority voting control in Lakemore Partners. Lakemore US was formed in 2020 as a subsidiary of Lakemore Partners to act as an investment manager and adviser within the Lakemore Group (comprised of Lakemore Partners Ltd. and all its subsidiaries). Lakemore Partners (and other Lakemore entities) serve as the investment manager and investment adviser for a range of private funds. Lakemore Partners is an investment firm focused on delivering value to investors on a fully aligned basis. Lakemore US aims to generate a source of stable earnings through all market cycles in a defensive and disciplined manner. Lakemore Partners has subsidiaries with offices located in Phoenix, London, Switzerland, and Dubai. Lakemore Partners is owned by certain staff members and shareholders who are a select group of like-minded high net worth individuals. In addition to advising Funds (as defined below), Lakemore Partners may also create bespoke portfolios to suit clients’ specific needs or investment restrictions in separately managed accounts. Lakemore US invests in credit instruments, including but not limited to, collateralized loan obligation (“CLO”) tranches of top tier managers and senior secured loans that are primarily U.S. denominated. Lakemore US will adhere to the principles of Lakemore Partners to strive to deliver target returns over an investment cycle through all market conditions in a defensive and disciplined manner. Lakemore Partners and its affiliates manage multiple credit products. Lakemore US provides discretionary investment advisory services to a pooled investment vehicle Aquatine V (Delaware) LLC (herein each a “Fund” or “Client” and collectively in the future, the “Funds” or Clients”). Investment advice is provided by Lakemore US directly to the Fund(s). Lakemore Credit Manager V- US LLC is the Managing Member of the Fund (“Managing Member”). The Funds have been formed for the purpose of investing all investable assets via multi-layered master-feeder structures, wherein certain entities within the structure are managed by affiliates of Lakemore Partners. Each Fund is typically organized in a “master-feeder” fund structure in which the feeder funds generally invest all or substantially all of their assets in the relevant master fund. Each master-feeder fund structure typically contains special purpose vehicles and other investment

entities that have been established for legal, regulatory or similar purposes that are managed or controlled by Lakemore Partners or its affiliates. “Investors” refer to investors or limited partners in the Fund(s). All Funds are governed by a private placement memorandum, and/or limited partnership agreements or limited liability company agreements collectively referred to as (the “Governing Documents”). The Funds rely on all disclosures and conditions contained in the Governing Documents. The Funds’ investment strategies are described in more detail under “Methods of Analysis, Investment Strategies and Risk of Loss” in Item 8 below. The managing members or directors have the ultimate responsibility for decisions relating to investment management made on behalf of the respective Fund. The managing members or directors enter into an investment management agreement with Lakemore US and delegate certain management and administrative services in relation to each respective Fund. Since Lakemore US does not provide individual advice to Fund Investors (and an investment in a Fund does not, in and of itself, create a direct advisory relationship between the investor and Lakemore US), prospective investors must consider whether a particular Fund meets their investment objectives and risk tolerance prior to investing. As of December 2023, Lakemore US managed $220,000,000 in regulatory assets under management (“RAUM”), all on a discretionary basis. Agreements Lakemore US has entered into a services agreements with Lakemore Partners and certain affiliates, which describe services to be provided including research of potential acquisitions, dispositions, financing arrangements or providing other such services as agreed upon by the parties for a cost plus a markup compensation arrangement. In line with common industry practice, Lakemore US, from time-to-time, enters into a “side letter” or similar agreement and may, in the future, without any further act, vote, or approval of or notice to any Investor, enter into, amend or terminate side letters or other similar agreements with one or more Investors pursuant to which the Fund grants the investor specific rights, benefits or privileges that are not generally made available to all investors. Limitation on Services As an asset manager, Lakemore US does not provide tax, legal, or accounting advice, and Investors should note that, unless otherwise specifically agreed or disclosed in writing, Lakemore US will not take tax considerations into account in managing a Fund.