A. General Description of the Advisory Firm Quadra Gestão de Recursos S.A. (“Quadra Capital”, the “Firm”, the “Investment Adviser”, the “Adviser”, “we” or “our”) is a Brazilian Sociedade Anônima, organized under the laws of Brazil that was incorporated on February 25, 2013. Our principal place of business is located in São Paulo. We are controlled by our principal owner, Mr. Nilto Calixto (the “Principal Owner”), who is a member of CP Investimentos e Participações S.A. (the “Investment Adviser Parent Company”) and Quadra Investimentos e Participações Ltda., which are the shareholders of, and control, the Adviser. The Investment Adviser Parent Company has ultimate responsibility for our management, operations and investment decisions. B. DESCRIPTION OF ADVISORY SERVICES This Brochure generally includes information about us and our relationships with our clients. While much of this Brochure applies to part of our clients, certain information included herein applies to a specific client only. We have solely provided information with respect to our US clients, which include private funds or separately managed accounts (herein referred to as the “US Clients” or “clients” – also see below). Funds Not Offered to US Investors The Investment Adviser’s operations and personnel are all located in Brazil. The Investment Adviser provides discretionary investment management services to several Brazilian clients, including pooled investment vehicles, that are not US entities and have no US investors (such clients, the “Brazilian Clients”). The Investment Adviser has tailored this Brochure to reflect information with respect to the investment strategies, fees, expenses, and risks associated with the services that the Investment Adviser provides to US Clients. Information pertaining to the Investment Adviser’s services to the Brazilian Clients is available upon request. To the extent that material conflicts of interest exist between the US Clients and the Brazilian

Clients, such conflicts will be disclosed herein. Credit Investment Advisory Services The Firm’s US Clients include the following private funds:
• QG P Liquid Distressed Master Fund, L.P. , a Delaware limited partnership (the “Master Fund");
• QG Distressed Credit Fund, L.P., a Delaware limited partnership (the “Credit Fund");
• QG Distressed Credit Fund II, L.P., a Delaware limited partnership (the “Credit II Fund") The above mentioned private funds are herein referred to collectively as the “Funds”. As of December 31, 2023, the Firm has regulatory assets under management of $ 655,663,362equated to the private funds which is managed on a discretionary and non-discretionary basis. Managed Accounts In addition, the Investment Adviser may serve as an investment adviser with discretionary trading authority over, and provide discretionary advisory services to, separately managed accounts. The Investment Adviser provides investment advisory services to a separately managed account for institutional investors (“Managed Account”). With respect to the Managed Account that Quadra Capital has an investment management agreement with (“Investment Management Agreement”), the Adviser serves as the Managed Account´s discretionary investment manager. As used herein, the term “client” generally refers to each fund and each beneficial owner of the Managed Account. As of December 31, 2023, the Firm has regulatory assets under management of $ 126,161,102 which is managed on a discretionary basis. C. AVAILABILITY OF CUSTOMIZED SERVICES FOR CLIENTS Our investment decisions and advice with respect to the clients will be subject to the clients´ investment objectives and guidelines, as set forth in each client governing documents, offering documents and investment management agreement, as well as any written instructions provided by the client to us. D. WRAP FEE PROGRAMS Quadra Capital does not sponsor or participate in wrap fee programs.