EastBay, a Delaware limited liability company formed in January 2013, provides discretionary investment advisory services to private investment funds. EastBay is a long/short equity investment manager that primarily invests in equity and equity-related securities in the Japan Consumer and Technology sectors. EastBay serves as investment manager to:
• EastBay Master Fund, LP (the “Master Fund”), a Cayman Islands limited partnership;
• EastBay Offshore Fund, Ltd (the “Offshore Fund”), a Cayman Islands exempted company which is a feeder fund of the Master Fund; and
• EastBay Onshore Fund LP (the “Onshore Fund”), a Delaware limited partnership which is a feeder fund of the Master Fund. Collectively, the funds listed above are referred to in this Brochure as the “EastBay Funds.” EastBay also provides discretionary sub-advisory services to separate accounts (the “Managed Accounts”). For purposes of this Brochure, the term “Clients” generally collectively refers to the EastBay Funds and the Managed Accounts. EastBay tailors its advisory services to the terms set forth in confidential private placement memoranda or similar documents (“Fund Documents”) provided to the EastBay Funds’ investors and the sub- advisory/investment management agreements (“Sub-Advisory/Investment Management Agreements”) in place for the Managed Accounts (collectively, the Fund Documents together with the Sub- Advisory/Investment Management Agreements are referred to as the “Agreements”). The Fund Documents set forth

the EastBay Funds’ investment strategy, including guidelines regarding the types of securities each EastBay Fund will invest in and portfolio limits (if any). The Adviser does not tailor its advisory services to the individual needs of investors, and investors may not impose restrictions on investing in certain securities or types of investments. The Adviser will tailor its advisory services to the conditions set forth in the Agreements with its Clients. The EastBay Funds have and may in the future enter into other arrangements (sometimes referred to as "side letters") with certain prospective or existing shareholders, whereby such shareholders are subject to terms and conditions that are more advantageous than those received by other investors and as set forth in the EastBay Funds’ Fund Documents. Such modifications are solely at the discretion of the specific EastBay Fund and may, among other things, be based on the size of the shareholder’s investment in the relevant EastBay Fund or affiliated investment entity, an agreement by a shareholder to maintain such investment in the relevant EastBay Fund for a significant period of time, or other similar commitment by a shareholder to the applicable EastBay Fund. The Adviser is principally owned by Steve Landry (the “Managing Member”). The Adviser does not participate in wrap fee programs. As of December 31, 2022, EastBay had $228,523,929 in regulatory assets under management, all of which were managed on a discretionary basis. The Adviser does not manage assets on a non-discretionary basis.