A. General Description of Advisory Firm Prelude is a specialized asset management firm focused on a defined set of global investment strategies. Prelude generally offers asset allocations to a variety of third-party managers selected by Prelude. Such managers could be affiliated or unaffiliated with Prelude. Prelude also offers a strategy focused specifically on direct investment opportunities in the Asia region. Prelude has been in operation since March 2004 and has been providing the type of advisory services described herein since 2010. Prelude is managed by its principal owners and managing members, Gavin Saitowitz and Cisco J. del Valle (the “Managing Members”). With respect to this allocation strategy, Prelude currently provides advice to ten clients that constitute three distinct fund structures. The first fund structure is comprised of the following entities: i. Prelude Opportunity Fund, LP (the “Opportunity Master Fund”), ii. Prelude Investors Fund, LP, which acts as a designated feeder into the Opportunity Master Fund (the “Opportunity Onshore Fund”), and iii. Prelude Capital Offshore, Ltd., which acts as a designated feeder into the Opportunity Onshore Fund (the “Opportunity Offshore Fund” and, together with the Opportunity Onshore Fund and the Opportunity Master Fund, the “Opportunity Funds”). The second fund structure is comprised of the following entities: i. Prelude Structured Alternatives Master Fund, LP (the “Structured Master Fund”), ii. Prelude Structured Alternatives Fund, LP, which acts as a designated feeder into the Structured Master Fund (the “Structured Onshore Fund”), iii. Prelude Structured Alternatives SLP, LP, which acts as a special purpose vehicle and as a designated feeder into the Structured Master Fund (the “Structured SLP Fund”), and iv. Prelude Structured Alternatives Offshore, Ltd., which acts as a designated feeder into the Structured Master Fund (the “Structured Offshore Fund”, together with the Structured Onshore Fund, the “Structured Feeder Funds” and, together with the Structured Onshore Fund, the Structured SLP Fund and the Structured Master Fund, the “Structured Funds”). The third fund structure is comprised of the following entities: i. PAOF, LP (the “Asia Master Fund”), and ii. PAOFO, LP, which acts as a designated feeder into the Asia Master Fund, (the “Asia Feeder Fund” and, together with the Asia Master Fund, the “Asia Funds”). The fourth fund structure is comprised of the following entities: i. CPI Holdings, LP (the “CPI Master Fund”), ii. CPI Holdings Onshore, LP, which acts as a designated feeder into the CPI Master Fund, (the “CPI Onshore Fund”), and iii. CPI Holdings Offshore, LP, which acts as a designated feeder into the CPI Onshore Fund (the “CPI Offshore Fund”, together with the CPI Onshore Fund, the “CPI Feeder Funds” and, together with the CPI Master Fund, the “CPI Funds”). Certain strategies of the Opportunity Funds, the Structured Funds and the Asia Funds (together, the “Capital Allocation Strategy Funds”) and the Opportunity Master Fund, the Structured Master Fund and the Asia Master Fund (together, the “Capital Allocation Strategy Master Funds”) are effected through special purpose vehicles (both directly at the Capital Allocation Strategy Master Fund level or indirectly through special purpose vehicles that invest into one or more of the funds). B. Description of Advisory Services With respect to the Capital Allocation

Strategy Funds, Prelude generally provides investment advisory services focused on the securities markets through allocations made to a variety of portfolio managers (“Sub-Advisors”) through separate accounts within the Capital Allocation Strategy Master Funds, each of which utilizes a multi-account structure. Each Sub-Advisor actively manages the assets allocated to it by Prelude in accordance with separate sub-advisory agreements and Prelude provides top-level oversight. In particular, each sub-advisory agreement contains tailored provisions and trading restrictions specific to the relevant Sub-Advisor, subject at all times to Prelude’s supervision; Prelude’s oversight is focused on ensuring that the applicable investment guidelines and parameters are observed. The strategies employed by certain Sub-Advisors may be more appropriate for the Opportunity Master Fund or the Structured Master Fund, respectively, and decisions with respect to the allocation of such opportunities are assessed and made by Prelude’s Investment Committee. Regardless of which Capital Allocation Strategy Master Fund a Sub-Advisor trades for, each Sub-Advisor (or an entity related to the Sub-Advisor (in either instance referred to as a “Special Limited Partner”)) generally invests in the applicable Capital Allocation Strategy Master Fund for the purpose of contributing a designated amount of subordinated risk capital corresponding to the allocation it receives from the applicable Capital Allocation Strategy Master Fund. The investment strategy of each Capital Allocation Strategy Fund is set forth in such Fund’s (as defined herein) respective offering and constituent documents. Prelude is not limited to providing investment advice with respect to any particular instruments. C. Availability of Tailored Investment Services At present, we advise four fund structures, as described above, with the majority of investment activity taking place at the Capital Allocation Strategy Master Funds (directly or through special purpose vehicles). Investments are managed in accordance with the particular investment objectives, strategies, restrictions and guidelines, as described in the offering and constituent documents for each Fund (as defined herein) and are not tailored to the individualized needs of any particular investor. Investors generally cannot place any particular investment restrictions on Prelude’s management of a fund structure and an investment in a fund structure does not create an adviser-client relationship between the investor and Prelude. Prospective investors wishing to impose restrictions or to tailor investment services may consider opening a separately managed account with Prelude in which instance our investment advisory services may be tailored to the individual needs of each such client. In particular, we would consider a client’s size, investment mandate, interest in leverage, tax implications and sophistication when investing. Prelude does not, however, presently advise any separately managed accounts. Investors will be subject to the various risks described in the applicable Fund’s offering and constituent documents and should make an independent determination whether a particular Fund managed by Prelude meets their investment objectives and risk tolerance prior to investing. D. Wrap Fee Programs Not applicable. E. Assets Under Management As of December 31, 2023, Prelude managed on a discretionary basis approximately $2,076,554,557 in client assets. Prelude does not presently provide investment advisory services for any clients on a non- discretionary basis.