Below are certain key definitions used in this Brochure. Additional definitions are found throughout this Brochure. Term Definition Access Person Every Employee and Affiliated Entity Employee who (i) has access to non- public information regarding Clients’ purchase or sale of securities; or (ii) is involved in making securities decisions or recommendations to Clients or has access to such decisions and recommendations that are not public. Advisers Act Investment Advisers Act of 1940, as amended. Affiliated Entity Any entity that controls or is under common control with OIM. Affiliated Entity Employee Every officer, director and employee of an Affiliated Entity and any other person acting in a similar capacity for an Affiliated Entity. Client Every account and investment fund managed by OIM. Employee Every officer, director and employee of OIM, every Management Committee member, every Investment Committee member, and any other person acting in a similar capacity for OIM. Family Account Every account managed by a Family Office. Family Office Any Affiliated Entity that is not registered as an investment adviser under the Advisers Act because it relies on the Advisers Act family office exclusion from the definition of investment adviser. Investment Committee The OIM Fund of Funds Division committee that has the exclusive responsibility for making discretionary investment decisions for Clients. Management Committee The committee that functions as the Firm’s “Chief Executive Officer” and has overall management and supervisory responsibility over OIM’s business activities. Related Party Each of the following: OIM, Supervised Persons and and/or their family members, Affiliated Entities and/or Family Accounts. Supervised Person Every Employee and Access Person. OIM, a Delaware limited liability company, is an investment advisory firm based in New York City that was founded in 2003. OIM is wholly-owned by FBE Limited LLC (“FBE Limited”), a New York limited liability company. The only person or entity that owns more than 25% of FBE Limited is Fruchthandler Descendants Partnership (“FDP”), a New York general partnership. All general partners of FDP currently own less than 10% of FDP. OIM is managed by its Management Committee which has overall management and supervisory responsibility over OIM’s business activities. All OIM executive officers and the Investment Committee are under the overall supervision and control of the Management Committee. The Management Committee consists of three members who are appointed by FBE Limited. FBE Limited wholly owns several Affiliated Entities including two Family Offices. The Family Offices provide investment advice to Family Accounts which are owned primarily by indirect principals of FBE Limited, their family members and key employees of the Family Offices. Several Employees of OIM also perform various functions for some of the Affiliated Entities including the two Family Offices. The Affiliated Entities, the Family Offices and the Family Accounts are discussed in this Brochure in the context of conflicts of interest that may arise between these parties and OIM’s Clients. FBE Limited also is actively engaged in a substantial amount of charitable and philanthropic activities including the rendering of investment advice to several charitable organizations (each a “Charity” and collectively, the “Charities”) for no compensation. Several Employees of OIM also perform various charitable and philanthropic activities on behalf of FBE Limited including assisting with the rendering of investment advice to the Charities. The charitable and philanthropic activities of FBE Limited are discussed in this Brochure in the context of various conflicts of interest that may arise between these activities and servicing OIM’s Clients. OIM provides discretionary investment advice to its Clients. OIM’s Clients include only private pooled investment vehicles, currently OPUS Fund LLC (“Opus Fund”), Opus Preferred Fund LLC (“Opus Preferred”

and collectively with Opus Fund, the “Onshore Funds”) and OPUS Fund International Ltd. (the “Offshore Fund” and collectively with the Onshore Funds, the “Funds”). Each Fund is comprised of multiple investing classes (each, a “Class”) that can differ from each other based on their investment strategies, liquidity rights, eligible investors, and/or management fees and performance-based compensation as well as the exemption from registration under the Investment Company Act of 1940, as amended (the “1940 Act”), pursuant to which they operate. Prior to January 1, 2022, Opus Fund had five Classes: Diversified, Concentrated, Focused, Balanced Equity, and Credit Opportunities. On January, 1 2022, Opus Preferred was launched. Opus Preferred relies on the Section 3(c)(7) exclusion from the definition of investment company under 1940 Act while Opus Fund relies on the Section 3(c)(1) exclusion from the definition of investment company under the 1940 Act. At the time of Opus Preferred’s launch, many Opus Fund investors who are eligible to invest in a Section 3(c)(7) private fund transferred their interests from Opus Fund to Opus Preferred including investors in the Opus Fund Balanced Equity, Focused and Credit Opportunities Classes. Consequently, Opus Fund no longer offers the Focused and Credit Opportunities Classes. Opus Fund continues to offer the Diversified, Concentrated and Balanced Equity Classes. However, since January 1, 2022, the Opus Fund Balanced Equity Class does not have any investors. Opus Preferred has five Classes: Diversified, Concentrated, Focused, Balanced Equity, and Credit Opportunities. The Offshore Fund has ten Classes: Diversified, B, C, E, H, K, M, PS, T and TP. The Firm’s investment strategies currently consist exclusively of investing each Class’s assets into portfolios of domestic and international private investment funds (collectively, “Investment Vehicles”), which are commonly referred to as “hedge funds.” The Investment Vehicles are managed by independent investment managers (collectively, the “External Managers”). Investment decisions for the Funds are made exclusively by the Investment Committee, which consists of three members. OIM’s affiliate, Opus Capital Management LLC (“Opus Capital”), is the administrative manager for each of the Funds and in that capacity performs all the administrative tasks that are required for the efficient operation of the Funds. Investments in the Funds are privately offered only to eligible investors. See Item 7 below for information about eligible investors. The relationship between OIM and each Fund is governed by such Fund’s operating agreement, confidential offering memorandum (“Memorandum”), subscription agreements, and any exhibits, supplements or amendments thereto (all the foregoing, collectively, the “Offering Documents”) and, where applicable, the terms of the investment advisory agreement between OIM and such Fund. Each Fund’s investment objectives and restrictions are set forth in the Offering Documents. Opus Capital from time to time (whether granted through side letters or otherwise) permits certain Fund investors (including affiliated investors) to invest in a Class on different terms than other investors in the Class, including with respect to: (i) redemption rights; (ii) lower or no management fees and/or performance compensation; (iii) investment parameters; and (iv) such other provisions as Opus Capital may specify. The establishment or existence of different terms for certain investors will not entitle any other investor or class of investors to the same or similar terms, and neither Opus Capital nor OIM will be required to obtain the consent or approval of, or give notice to, any investor or class of investors in connection with those terms. OIM does not participate as manager or investment adviser in any wrap fee programs. As of December 31, 2022, OIM managed approximately $231,282,600 of “Regulatory Assets Under Management”, all on a discretionary basis.