Since its founding in 1993, Maverick has been dedicated to the preservation and growth of investors’ capital. Maverick’s partners and employees are based in Dallas, New York, West Palm Beach, Miami and San Francisco. Maverick has been registered with the SEC since 1994 and the Commodities Futures Trading Commission (the “CFTC”) since 2000. Maverick manages the assets of the “Maverick Funds” (a group of funds employing traditional, fundamental investment strategies and offering primarily long/short and long only equity investment profiles), the “Maverick Quantitative Fund” (a fund employing quantitative strategies), the “Maverick Stable Funds” (a group of funds of funds), “Maverick Seed” (a fund of funds that invests in emerging managers), the “Maverick Venture Funds” (a group of funds making venture capital investments), “Maverick Growth Fund” (a private equity fund and related co-invest vehicles) and has in the past and may in the future advise certain separate accounts including but not limited to accounts for clients that are pension/profit sharing plans, pooled investment vehicles sponsored by third parties or other institutional investors (the “Separate Account Clients”). The Maverick Funds, the Maverick Quantitative Fund, the Maverick Stable Funds, Maverick Seed, Maverick Growth Fund and the Maverick Venture Funds (collectively, the “Fund Clients” and, together with the Separate Account Clients, the “Clients”) generally offer and sell their respective interests and shares in private transactions solely to accredited investors, qualified clients, qualified purchasers and certain employees of Maverick and its affiliates as more fully described in each fund’s respective offering materials. From time to time, Maverick also may manage the assets of investment vehicles that accept investments only from Maverick employees and related entities. Lee S. Ainslie III, a founder of the firm, has served as Maverick’s Portfolio Manager since March of 1995. Mr. Ainslie focuses on risk and exposure decisions and has ultimate authority for all portfolio decisions of the funds under Maverick’s management. Ben Silver and David Tykocinski jointly serve as the Chairmen of the Stock Committee for the Maverick Funds and are responsible for the selection of publicly-held securities and day-to-day trading decisions in respect of those funds. In the case of the Maverick Venture Funds, Mr. Ainslie and David Singer share joint investment authority. In the case of Maverick Growth and MDI (described below), Mr. Ainslie is the Chair of the Maverick Growth Investment Committee which also consists of other senior members of the investment team. In the case of the Maverick Stable Funds and Maverick Seed, Bates Brown is responsible for recommendation of investments to an investment committee chaired by Mr. Ainslie. Mr. Ainslie is the firm’s largest principal owner. Maverick’s total regulatory assets under management are approximately $7,425,576,394.00. This reflects the regulatory assets under management as of December 31, 2022 for all Clients (as defined below). All such assets were managed on a discretionary basis. The Maverick Funds The Maverick Funds’ investment performance is dependent upon the selection of long investments that outperform the market and short investments that underperform the market. Maverick’s Hedged Equity Strategy (“HES”), which became the sole investment style of Maverick’s original funds, Maverick Fund USA, Ltd. and Maverick Fund, Ltd. in March 1995, is designed to reduce exposure to macroeconomic risks and generate performance by maintaining a balance of long and short equity investments with low to moderate net market exposure. As a result, performance is intended to be primarily driven by the relative performance of Maverick’s long and short investments rather than the performance of the markets. Maverick currently manages a variety of different long/short equity profiles in the Maverick Funds. Certain Maverick Funds maintain different net and gross exposure targets, resulting in a range of risk/return profiles. Except for Maverick Long (as defined below), which generally does not make short investments, and subject to any other limitations and restrictions to which a particular Maverick Fund may be subject from time to time as described in its offering documents, each Maverick Fund generally invests in the same long and short publicly traded equity investments but in different proportions. Prior to 2021, Maverick USA, L.P., Maverick Fund, Ltd. and Maverick Levered also made investments in certain credit instruments and non-publicly traded equity securities while Maverick Long and Maverick Long Enhanced generally refrained from such investments. Starting in 2021, Maverick has provided investors in each of the Maverick Funds the opportunity to opt in or opt out of future participation in private investments through an investment in the newly created Maverick Designated Investment Fund, L.P. ("MDI"). Publicly traded investments in which multiple Maverick Funds (or other Clients utilizing HES) participate are generally allocated among such Clients to achieve holdings that are proportional to the net asset value of such Client’s respective portfolios as adjusted for each such Client’s exposure, leverage and other targeted parameters and taking into account each such Client’s reasonably anticipated upcoming capital adjustments. For example, with respect to a Client that is structured to include a leverage feature that approximates the effects of a non-recourse borrowing by investors (e.g., Maverick Fund II, Ltd.), such Client’s net asset value for the purposes of making allocation determinations generally will be increased by the amounts obtained through the leverage feature. Participation by Maverick Funds in MDI in respect of private investments takes into account investors’ elections to opt in to such participation. This approach allows investors in the Maverick Funds to avail themselves of Maverick’s stock picking skill while targeting the net and gross exposure levels that they believe are appropriate for their objectives. Four fund options break down into three basic exposure profiles – hedged equity, long-only, and long enhanced. (A leveraged version of Maverick’s hedged equity profile accounts for the additional fund option.) The Maverick Funds are:
• Maverick Fund USA, Ltd. (“Maverick Fund”);
• Maverick Fund II, Ltd. (“Maverick Levered”);
• Maverick Long Fund, Ltd. (“Maverick Long”); and
• Maverick Long Enhanced Fund, Ltd. (“Maverick Long Enhanced”).

Maverick Fund generally targets consistent, low long/short ratios (typically between 1.4x and 1.7x) and low to moderate net exposures for the entire portfolio. Maverick Levered is managed in the same manner as Maverick Fund, except that the capital, or gross equity, in Maverick Levered is composed of investor capital and the proceeds of a leverage feature which approximates the effects of a non-recourse borrowing by investors of an amount generally equal to their invested capital. As a result, the exposure of Maverick Levered is up to approximately 200% of that which it would have been in the absence of such borrowing. Maverick Long targets 100% long exposure and Maverick Long Enhanced targets 130% long exposure and 30% short exposure for an approximately 100% net exposure to the market but trading in their respective portfolios may increase or decrease their exposures within a band which could involve the use of leverage. Maverick also manages Maverick Holdings C, L.P. ("Holdings C"), which is a single investment fund materially owned by Maverick Fund's feeder funds, Maverick Levered and certain other external investors. The Maverick Quantitative Fund Maverick manages Maverick SDT Fund, L.P. (the "Maverick Quantitative Fund"), on behalf of which it employs quantitative investment strategies it has developed over time (the “Quantitative Investment Strategies”) to invest its assets in a diversified portfolio of liquid long and short equity and equity-like positions. While Maverick will continually monitor the Maverick Quantitative Fund’s portfolio, the operation of the Quantitative Investment Strategies and the markets in which the Maverick Quantitative Fund invests, Maverick generally expects to rely exclusively on the Quantitative Investment Strategies to determine the composition and weighting of the Maverick Quantitative Fund’s portfolio holdings, and does not expect to override trading signals generated by the Quantitative Investment Strategies, though Maverick may do so to reduce exposure (or cancel all or a portion of certain trades) in certain circumstances where Maverick believes that the Quantitative Investment Strategies may inadequately account for related portfolio risk. The Maverick Quantitative Fund t is an internal testing vehicle for new strategies and trading techniques which may, in the future, be utilized by other Maverick quantitative funds. The Maverick Quantitative Fund is not currently open to outside investors. The Maverick Stable Funds Maverick manages the Maverick Stable Funds, multi-strategy funds-of-funds offering three investment profiles. The goal of the Maverick Stable Funds is to produce attractive returns with relatively low volatility and correlation to traditional equity and fixed income benchmarks. The Maverick Stable Funds’ investment strategy attempts to identify and invest in alternative investment funds or accounts managed by talented, experienced and ethical managers. The Maverick Stable Funds are actively managed and maintain flexible investment approaches, primarily allocating capital to fund managers pursuing various hedge fund strategies, including long/short equity, multi-strategy and credit strategies, and also investing in event-driven, distressed debt, and certain quantitative funds. The Maverick Stable Funds may invest in funds employing other strategies in the future and may enter into certain transactions in order to hedge currency or other exposures in their underlying portfolios. The Maverick Stable Funds offer investors two investment profiles, a long-term (2-year) commitment for investors. Prior to January 1, 2023, Maverick Stable Fund, Ltd. also offered a short term (1 year) share class. Investment proceeds derived from investors selecting each profile are allocated to an investment pool comprised of investments having a corresponding profile. The Maverick Stable Funds are:
• Maverick Stable Partners, L.P. (“Stable Partners”); and
• Maverick Stable Fund, Ltd. (“Stable Fund”). Maverick Seed Maverick manages Maverick Seed Master Fund, L.P., which invests in funds managed by startup, or emerging, hedge fund managers, where it has the opportunity to obtain participations in the fee streams of such managers in consideration for its capital investment commitments. Maverick Seed is currently comprised entirely of proprietary capital. However, Maverick Seed is open to material external commitments. The Maverick Growth Fund Maverick manages Maverick Growth Fund, L.P. (“Maverick Growth”), a private equity fund which seeks primarily to source private investments across various sectors, focusing on growth equity rounds of certain companies in the Maverick Ventures portfolio which Maverick believes to be compelling, as well as other late-stage private companies. Maverick also manages Maverick Co-Invest I, L.P., a co-investment vehicle investing in a specific portfolio company. Maverick Growth Advisors, LLC, an affiliate of Maverick Capital, Ltd., is the general partner of Maverick Growth and Maverick Co-Invest I, L.P. The Maverick Venture Funds Maverick’s affiliates, Maverick Capital Ventures, LLC (“MCV”) and MCV Management Company, LLC (“MCV Management”), manage the Maverick Venture Funds, a group of funds that focuses on opportunities in the venture capital and private equity markets, with a concentration in the healthcare, software and consumer sectors. Maverick Capital Advisors, L.P. and The Singer- Kapp Revocable Trust are the largest principal owners of MCV. Maverick Capital, Ltd. and The Singer-Kapp Revocable Trust are the largest principal owners of MCV Management. Since February 2015, the Maverick Ventures Funds have been the primary vehicles for Maverick’s investments in venture capital opportunities with a concentration in the healthcare, software and consumer sectors The Maverick Venture Funds are:
• Maverick Ventures Investment Fund, L.P. (“Maverick Ventures”);
• Maverick Advisors Fund, L.P. (“Maverick Advisors Fund”); and
• Maverick Ventures Liquidity Fund I, L.P. (“ Maverick Ventures Liquidity Fund”). Separate Accounts Additionally, historically and from time to time, Maverick manages Separate Account Clients on behalf of which it employs strategies similar to those of the Maverick Funds for institutional investors. Terms applicable to these Separate Account Clients (including any investment restrictions) are subject to negotiation and vary from those applicable to the Maverick Funds.