Operational and Organizational Information Apis, is a Delaware limited liability company that is registered as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”). The Firm provides investment advisory services to its sponsored private investment funds (each a “Fund” and collectively, the “Funds”) and a unit trust (the “Unit Trust,” together with the Funds are each a “Client” and collectively the “Clients”). The Funds are for qualified, sophisticated investors (“Investors”). The Firm has been in business since March 2004. The Firm was initially registered as an investment adviser with the SEC in April 2004. The Firm remained registered with the SEC, except for certain interim withdrawals in 2004, 2005 and 2007. In March 2012, the Firm transitioned to an exempt reporting adviser filing status with the SEC. In September 2013, the Firm re- applied for registered investment adviser status with the SEC, based on the types of clients it managed. The principal owners of the Firm and their percentage ownership interests are as follows: Mr. Daniel Barker (50%) and Mr. Eric Almeraz (50%). Advisory Services The Firm provides investment management services on a discretionary basis to its Clients in accordance with the respective Client’s investment management agreement and other relevant governing documents. For example, the Clients operate as pooled investment vehicles and attempt to provide diversification, management expertise and other advantages to their investors. The Firm’s advisory services include, among other things, providing advice regarding asset allocation and the selection of investments. The Clients’ investment objective is to seek consistent positive absolute returns by taking long and/or short positions in stocks that are undervalued or overvalued compared to their peers, in a range of market capitalizations, with an emphasis on small and mid-capitalization equity

securities, on a global basis. The Firm seeks to limit losses by selecting companies that in the Firm’s view are trading at a discount to intrinsic value. No assurance can be given, however, that the Clients will achieve their investment objectives, and investment results may vary substantially over time and from period to period. In addition, the Firm has, and may in the future, enter into agreements, such as side letters, with certain underlying Investors of the Funds that may, in each case, provide for the terms of investment that are more favorable to the terms provided to other underlying Investors of the Funds. The Firm does not hold itself out as specializing in a particular type of advisory service. Please review the Firm’s investment guidelines, specified below under “Client Investment Guidelines and Parameters.” Client Investment Guidelines and Parameters As stated above, the Firm provides investment advisory services to Clients primarily investing in globally traded public equity securities. The Firm does take long and short positions and trade in a wide variety of securities and financial instruments, domestic and foreign, of all kinds and descriptions, whether publicly traded or privately placed, including, but not limited to, common and preferred stocks, bonds and other debt securities, convertible securities, limited partnership interests, mutual fund shares, options, warrants, commodities, futures, derivatives (including swaps, forward contracts and structured instruments), currencies, monetary instruments and cash and cash equivalents. The Firm also may utilize derivative securities (primarily options). Wrap Fee Programs The Firm does not participate in wrap fee programs. Client Regulatory Assets Under Management (“RAUM”) As of December 31, 2023, the Firm managed approximately $582,714,808 of advisory assets, all of which were on a discretionary basis.