Effective March 3, 2023, through a transaction with Pandion, Ryan Byrne, Joseph Archibald, Ospraie Management, LLC and MKS Private Equity BV, Qenta, Inc. (“Qenta”) acquired 100% of the equity interests of Pandion and its general partner, and subsequently assigned such interests to Qenta Asset Management LLC (“QAM”), its wholly owned subsidiary (referred to herein as the “Transaction”). Pandion provides discretionary investment advice solely to private investment funds that seek to generate significant capital appreciation primarily through investments in companies in the primary business of constructing and operating mineral mining assets globally. In particular, the Firm serves as the investment manager to a master/feeder fund complex comprised of (i) Pandion Fund I Feeder, L.P. (the “Feeder Fund”)1 and (ii) RivertMet Resource Capital, L.P. (“RiverMet” or the “Main Fund”, and the Feeder Fund, the “Fund”). The Fund’s primary investment structure consisted of pre-paid metal purchase agreement (“PMPA”). Via the PMPA, the Fund pre-purchased future production at a discount to the prevailing forward price and material deliveries amortize the capital investment. The Fund generally receives a senior secured or substantially similar interest in the mineral property and assets of the company, and also seeks corporate guarantees and step-in rights as appropriate to permit the removal of management if necessary. PMPAs were generally structured to include upside potential in the form of equity warrants, call options, royalty payments and/or other yield enhancements. The Fund also made opportunistic equity investments. The investment management services Pandion

provides to the Fund primarily consists of investigating, structuring and negotiating investments and dispositions, monitoring the performance of investments and performing certain administrative services. These services are provided pursuant to investment management agreements with the Fund, the Feeder Fund, and RiverMet Resource Capital GP, LLC, the general partner of the Fund and an affiliate of the Firm (the “General Partner”). The General Partner is governed by a three-person board of directors comprised of Brent de Jong, Joseph Graf, and Roberto Perez. The Fund has financed a significant portion of its portfolio with borrowings under a secured credit facility. Risk factors and other considerations related to the Fund’s secured indebtedness are set forth in Item 8. All information contained in this brochure is based on the advisory services that the Firm offers. This brochure is not an offer to invest in the Fund. Information included in this brochure is intended to provide a useful summary about Pandion, but it is qualified in its entirety by information included in the Fund’s Limited Partnership Agreement (the “LPA”). Pandion generally will not permit investors in the Fund to impose limitations on the investment activities described in the LPA. (See Item 16 – Investment Discretion) Pandion does not participate in any wrap fee programs. As of December 31, 2023, the regulatory assets under management, which includes the fair market value of investments, is approximately $125,234,716. All assets are managed on a discretionary basis. 1 The Feeder Fund is an exempted limited partnership registered in the Cayman Islands that is a limited partner of the Main Fund and is only allowed to invest in the Main Fund.