A. Firm Overview Buoyant Capital Private Limited (“BCPL” or the “Advisor”), was incorporated in India on February 12, 2014 as a private limited company under Indian law and in compliance with the Securities Exchange Board of India (“SEBI”). B. Firm Services BCPL provides both discretionary portfolio management services, non-discretionary portfolio management services, and advisory portfolio management services (collectively “PMS” or “Portfolio Management Services”), investment advisory services, and fund management services to high-net-worth individuals, institutional clients, corporate entities, private funds, and other permissible classes of investors from India and the United States (collectively, the “Clients”). BCPL only advises Clients in the United States that are “accredited investors” as that term is defined in Rule 501(a) of Regulation D under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and/or “qualified clients” as that term is defined in Rule 205-3 of the U.S. Investment Advisers Act of 1940, as amended (the “Advisers Act”). BCPL seeks to provide services that advance its Clients' investment objectives. BCPL will enter into a service agreement with its PMS and Investment Advisory Service Clients (hereinafter “Client Service Agreement”) which will detail the parameters of the service arrangement including fees, investment restrictions, investment objectives, risk tolerance, and more. Descriptions of the various services that BCPL offers are provided below and more information on each can be found in the Client Service Agreement. BCPL will offer the following services: I. Portfolio Management Services a. Discretionary Portfolio Management Services: BCPL will operate and manage a portfolio on behalf of a Client with BCPL exercising full discretion and judgment in operating the portfolio. BCPL will have authority to act on a discretionary basis to determine (i) the securities or other financial instruments to be purchased and sold for or from the Client’s account (subject to restrictions set forth in the Client Service Agreement), and (ii) the amount of securities or other financial instruments to be purchased or sold for or from the Client’s account. BCPL will only invest on behalf of the account provided by the Client. BCPL will be restricted from overriding any restrictions the Client places on its account. b. Non-discretionary Portfolio Management Services: BCPL will handle execution of securities transactions, preparation of accounting materials where necessary, recording of benefits, valuation and compliance with other reporting requirements as mutually agreed upon with the Client, but BCPL cannot execute trades under this service without first receiving Client consent to such trade. Thus, the Client is the one making the investment decisions in their own judgment and discretion, at their own risk, and any action undertaken with Client consent will be absolute and binding and cannot be called into question or open to review at any time throughout the duration of the Client Service Agreement or any time thereafter. c. Advisory Portfolio Management Services: BCPL will provide advisory services to Client portfolios consisting of recommendations with respect to taking positions or exiting positions in individual securities, increasing or decreasing concentrations of particular securities, and overall diversification of a Client's portfolio subject to Client confirmation prior to execution of any trades under this service. The Client Service Agreement will outline the scope and fees of these services, but Clients will have full discretion and authority on whether to act on recommendations that BCPL provides under its Advisory Portfolio Management services. Unless Clients agree otherwise. BCPL will not be able to execute trades under this service without first procuring Client Consent. BCPL will be acting solely as an advisor on the Client's portfolio and will not be responsible for the investment or divestment of securities. II. Investment Advisory Services BCPL’s Investment Advisory Services entail tailoring an investment plan to meet the needs and objectives of a Client. BCPL will meet with Clients to discuss a Client's objectives and financial circumstances. BCPL will then tailor a Client's investment plan to include BCPL’s Investment Advisory Services such as recommendations regarding taking positions or exiting

positions in individual securities, increasing or decreasing concentrations of particular securities, and overall diversification of a Client's portfolio. As part of this service BCPL will also communicate with Clients during the course of the advisory relationship about relevant market conditions and additional investment opportunities that the Client may be interested in based on their investment plan. When providing Investment Advisory Services BCPL will be solely acting as an advisor to Clients and not acting as a manager of any of the subject Client accounts in accordance with the terms and conditions stated in the Client Service Agreement. III. Fund Management Services BCPL manages a Category III Alternative Investment Fund or AIF, (hereinafter referred to as the “Fund”) under which BCPL invests in a variety of equity securities in accordance with its Buoyant Opportunities Strategy (discussed in more detail below). The Fund is registered with SEBI as a Category III AIF. The objective of the Fund is to provide superior risk adjusted returns to investors utilizing a portfolio that consists of long-term investments. Prior to joining the Fund, an investor will receive the Fund’s Private Placement Memorandum (“Fund PPM”) and in order to subscribe to the Fund and investor will enter into a contribution agreement (“Fund Contribution Agreement”) detailing the terms of the investment (both Fund PPM and Fund Contribution Agreement hereinafter collectively referred to as “Fund Agreements”). More information about the Fund including Fund investment selection methodology, minimum investment amount, fees, and risks can be found below and in the Fund Agreements. BCPL will only offer securities of the Fund to “accredited investors” as that term is defined in Rule 501(a) of Regulation D under the Securities Act and “qualified clients” as that term is defined in the Advisers Act when securities of the Fund are offered to U.S. Persons as that term is defined in Regulations of the Securities Act. C. Client Tailoring Client tailoring will only apply to Investment Advisory Services. BCPL will take an individualized approach to providing investment advisory services. Whether the Client is an individual or a private fund, BCPL will tailor its services to the needs and risk appetite of each of its Clients. Prior to entering into a relationship with a Client, an intake meeting with each Client will be conducted. Following the intake meeting, BCPL will create a Client profile for such Client setting forth relevant investment parameters such as investment objectives, risk tolerance, investment horizon and other relevant factors. The Client Service Agreement will then outline these parameters. BCPL will then craft an investment strategy that aims to meet these parameters. In order to provide tailored services on a continual basis, BCPL will monitor market conditions for trends and investment opportunities that the Client may be interested in and communicate with the Client regularly to discuss any of these economic trends and overall portfolio performance. D. Wrap Fee Program A wrap fee program is an investment program where the investor pays one stated fee that includes management fees, transaction costs, fund expenses, and other administrative fees. BCPL does not participate in any wrap fee programs. E. Client Assets Under Management Total Client Assets Under Management (U.S. and Non-U.S.) Service Type Assets Under Management Number of Active Clients** Discretionary PMS $216,937,061 1,349 Non-discretionary PMS $4,372,666 12 Advisory PMS* $4,350,000 6 A.I.F. $27,250,412 1 *Assets Under Advice (“AUA”) are not included in the calculation of Regulatory Assets Under Management in Item 5.F of Part 1 of BCPL’s Form ADV. **Pursuant to SEC guidance, “offshore” private funds advised by “offshore” investment advisors are considered the “client” for the purposes of the Advisers Act. U.S. Client Assets Under Management Service Type Assets Under Management Number of Active U.S. Clients** Discretionary PMS $1,675,619 17 Non-discretionary PMS 0 0 Advisory PMS 0 0 A.I.F. $138,240 0*** **Pursuant to SEC guidance, “offshore” private funds advised by “offshore” investment advisors are considered the “client” for the purposes of the Advisers Act. ***A.I.F. has 1 (one) U.S. investor.