A. General Description of Advisory Firm Cavalry Management Group, LLC (“Cavalry”) is a Delaware limited liability company that has been in business since 2002. It serves as an investment adviser to private funds (the “Funds”). Cavalry also serves as an investment advisor to a separately managed Proprietary Account, which is open solely to investments by Cavalry Management Group, LLC (the “Proprietary Account”). Cavalry also acts as a sub-advisor to certain private funds (the “Sub Advisory Clients” and, together with the Funds and the Proprietary Account, the “Advisory Clients”). John K. Hurley is the principal of Cavalry (the “Principal”). Currently, the Funds are organized as: (i) a mini-master feeder structure, with the offshore fund invested as a limited partner in the domestic fund (the “Domestic Fund”), and (ii) two funds that may invest directly or indirectly by investing in an investment entity (the “Stand Alone Funds”). Affiliates of Cavalry serve as the general partner of both the Domestic Fund and the Stand Alone Funds (each a “General Partner”). B. Description of Advisory Services Cavalry invests primarily in the publicly traded equity securities of technology-related companies, but is authorized to enter into any type of investment transaction that it deems appropriate under the terms of the client’s partnership or other account agreement. While it is anticipated that the Advisory Clients will invest primarily in publicly traded stocks and related instruments, Cavalry has broad and flexible investment authority. Each Advisory Client’s investment objectives and strategy are set forth in a confidential offering circular

or a private offering memorandum (in the case of each of the Funds) or investment management agreement (in the case of the Sub Advisory Clients and the Proprietary Account). Such documents, together with the limited partnership agreements, operating agreements, and other governing documents of the Advisory Clients, are collectively referred to herein as the “Governing Documents.” The Domestic Fund is structured with two share classes, each of which has a different portfolio manager and a investment objective (and/or benchmark) than the share class open to investors. C. Client Investment Objectives and Restrictions Cavalry does not tailor its advisory services to the individual needs of investors in the Funds (“Investors”) and does not accept Investor-imposed investment restrictions. Cavalry selects all Fund investments and strategies. Cavalry typically does not tailor its services to the individual needs of the Proprietary Account or Sub-Advisory Client accounts, but manages the accounts according to the terms of the account agreement. However, the Governing Documents for such clients are generally negotiated and are subject to different terms than the Funds, including but not limited to, liquidity, investment objectives, guidelines, restrictions, terms and/or fees. D. Wrap Fee Programs. Cavalry does not participate in wrap fee programs. E. Assets Under Management. As of December 31, 2022, Cavalry had total discretionary regulatory assets under management of approximately $1,102,569,506. Cavalry does not manage assets on a non-discretionary basis.