Lake Hill Capital Management, LLC (“Lake Hill” or “The Adviser”) is a limited liability company formed under the laws of the State of Delaware. The Adviser was formed in 2005 and its principal place of business is located in New York, New York. The Adviser is a private asset management firm that specializes in quantitative and relative-value strategies in derivatives and underlying securities markets. The Adviser ’s products are generally intended for institutional investors. Zemach Sternberg is the managing member of the Adviser. The Adviser provides advisory services on a discretionary basis to its clients, which include separately managed accounts (“Separate Accounts”) and a pooled investment vehicle (“Fund”) intended for sophisticated and institutional investors. (Separate Accounts and Fund are collectively referred to herein as “Clients”). The material terms applicable to investments in Lake Hill’s Clients, including the investment objectives of such Clients, are set forth in the Client’s organizational documents, which may include a private placement memorandum, investment management agreement, subscription and operating agreements and other agreements (collectively, the “Offering Documents”). Lake Hill does not tailor the investment advice it provides to its Fund Clients to match the needs of any individual investor in a Fund (a “Fund Investor”). Investors and prospective investors must review the Offering Documents carefully before making or maintaining an investment. Lake Hill is a private investment manager that specializes in quantitative and relative-value strategies in derivatives markets. Generally, Lake Hill will utilize relative-value trading strategies in global derivative and related markets with the objective of maximizing capital appreciation while minimizing risk through portfolio diversification. Lake Hill will pursue this objective primarily by investing in stocks, options, futures, swaps, warrants, convertible bonds, and related securities. However, currently,

Lake Hill is only investing in index futures and options on futures. Lake Hill may employ the use of highly developed electronic trading systems coupled with quantitative analytics to help achieve its objectives. Lake Hill may in the future introduce other funds, services and/or investment strategies. For more information on Lake Hill’s investment strategies, please consult the Offering Documents and Item 8. Methods of Analysis, Investment Strategies and Risk of Loss hereof. Notwithstanding the disclosure set forth in Item 8 hereof, the Adviser will not limit the type of investment advisory services it offers and there are no material limitations to the types of securities in which it may invest (subject to the terms of the Offering Documents). The Adviser may invest in any security and in any sector of the market to carry out the overall objectives of its Clients. Such objectives, strategies and policies may be expected to evolve materially over time. The Adviser has complete flexibility to create or organize (alone or in conjunction with others including affiliates) or otherwise utilize special purpose subsidiaries or other special purpose investment vehicles. As of December 6, 2022, Lake Hill had Regulatory Assets Under Management (“RAUM”) totaling approximately $881,915,310, all of which was managed on a discretionary basis. Lake Hill does not manage assets on a non-discretionary basis. Our Regulatory Assets Under Management are calculated based upon our reasonable interpretation and good faith assumptions of the SEC guidance: (i) all assets under our supervision and control are included (including any accounts for which we do not receive fees and our proprietary assets); (ii) assets are calculated on a gross, rather than net, basis (and consequently the above dollar amount is not reduced by any margin, other borrowings or other liabilities applicable to client accounts); and (iii) derivatives contracts and similar transactions are valued using a methodology to reflect gross market value.