Alta Fundamental Advisers LLC (“AFA”, the “Adviser”, “we”, “us” or “our”), a Delaware limited liability company, was formed in January 2013 and is managed by its Managing Members, Gilbert Li and Jeremy Carton. AFA provides discretionary investment advisory services to U.S. and non-U.S. clients (collectively, “Clients”), including private investment funds (“AFA Funds” or “Funds”) and separately managed accounts (each a “Separately Managed Account”). The AFA Funds include:  Alta Fundamental Advisers Onshore L.P., a Delaware limited partnership (“Onshore Feeder”);  Alta Fundamental Advisers Offshore Ltd., a Cayman Islands exempted company (“Offshore Feeder”, and together with the Onshore Feeder, the “Feeder Funds”);  Alta Fundamental Advisers Master L.P., a Cayman Islands exempted limited partnership (“Master Fund”); and  Alta Fundamental Advisers SP LLC, a Delaware limited liability company. AFA provides advice to Clients based on their specific investment objectives and strategies as set forth in the offering memorandum and governing documents of each Fund (collectively the “Offering Documents”) and the investment management agreement between AFA and each Separately Managed Account Client. Generally, investors in any of the AFA Funds do not have the ability to individually tailor their investments or impose specific investment restrictions. However, when deemed appropriate, a Fund may create a special class of interests or shares to accommodate a particular investor’s, or a group of investors’, unique investment restrictions. The investment objectives, fee arrangements and terms of Separately Managed Accounts are individually negotiated by AFA and the Separately Managed

Account Client. Any such Separately Managed Account relationships may be subject to significant account minimums. AFA has entered into letter agreements or other similar agreements, and may do so in the future, (collectively, “Side Letters”) with one or more Clients which provide such Clients with additional and/or different rights (including, without limitation, with respect to management and incentive fees, incentive allocations, minimum investment amounts, access to information, investment portfolios, and liquidity terms) than other investors. AFA or the Funds will not be required to notify any or all of the other investors of any such classes of Side Letters or any of the rights and/or terms or provisions thereof, nor will AFA or the Funds be required to offer such additional and/or different rights and/or terms to any or all of the other Clients or investors therein. AFA does not participate in wrap fee programs. In 2020, AFA entered into a sub advisory agreement with Belstar Management Company LLC (“Belstar”) to participate in the Term Asset-Backed Securities Loan Facility (TALF) program offered by the U.S. Federal Reserve. Two series were created under Alta Fundamental Advisers SP LLC to purchase AAA-rated asset backed securities which were then submitted to the Federal Reserve Bank of New York as collateral in exchange for non-recourse loans. AFA acts as manager and Belstar acts as investment adviser. AFA does not have discretion over the assets in these series. As of December 31, 2023, AFA had approximately $723,290,000 of regulatory assets under management on a discretionary basis and $628,133,000 of regulatory assets under management on a non-discretionary basis.