ADVISORY BUSINESS A. General Description of Advisory Firm Noctua International WMG, LLC is a Delaware Limited Liability Company formed on May 6, 2009 and approved as an advisory firm by the SEC since September 2, 2009. The principal owner of the Adviser is Affinis Partners II, LLC., a limited liability company organized under the laws of Florida. Affinis Partners II, LLC. is the surviving party of the January 7th, 2019 merger of Affinis Partners II, Ltd. a Cayman entity and Affinis Partners II, LLC. Affinis Partners II, LLC is indirectly, owned by Martin Guyot. Affinis Partners II, LLC is also the principal owner of Noctua Strategic Investments LLC (“Noctua Strategic”) and One Bric Capital, LLC (“One Bric”). Noctua Strategic and One Bric are affiliated entities of the group which are utilized to establish special purpose vehicles (“SPVs”), solely to invest pooled assets in real estate investments (transactions). The Adviser manages and/or advises on separately managed accounts (“SMAs”). From time to time, we and/or our affiliates may launch, sponsor, or provide investment management or advisory services to pooled investment vehicles. B. Description of Advisory Services Noctua provides asset management, research, and other financial advice to a diverse pool of clients, including individuals, corporations, as well as pooled unregistered investment vehicles (collectively, the “clients”). The overall advisory services offered by Noctua fall within the following categories: Customized Discretionary Portfolios Adviser offers discretionary separately managed accounts (“SMAs”) that are customized to each client. SMAs may focus on investments in specified and limited kinds of assets and securities, in limited markets, or they may be broad-based across many asset classes and markets. Such accounts are intended to fit within the investor’s objectives, strategies and risk profile as described by each client. The strategies utilized for these customized accounts may be similar to or may vary widely from the core strategies typically utilized by the Adviser, as further described in Item 8 or customized for each client based upon varying factors. Clients can place targets on these accounts as well as restrictions on the types of investments made in such accounts. General: Investment Policy Statement & Definition; Asset Allocation Strategy; Investment Strategy & Manager Review. Investments: Review of Current Portfolios & Proposals; Determine Modifications, Create Timeline and Implement; Suggest Reasonable Fees for Products

and Services; Provide P a g e | 6 Consolidated Reporting and Analysis; Ongoing Monitoring and Re-evaluation; Define or Affirm Wealth Transfer Desires; Succession Illustration and Definition. Other Non-Discretionary Advisory Services Adviser provides non-discretionary advisory services to all types of clients in accordance with a non-discretionary advisory agreement between Adviser and the client. Each agreement typically defines the services to be provided and if a fee is charged, the fees will also be agreed to in the advisory agreement. Adviser also provides recommendations and research regarding the investment of securities and cash in a client’s account. These services are individually tailored to each client’s needs and such advice may be provided to accounts in custody with third parties. Family Office Services The Adviser offers family office investment advisory services. Such services include but are not limited to furnishing advice to clients on matters not involving securities, such as financial planning matters, retirement planning, trust services. The Adviser’s services also include providing personalized confidential financial planning, investment management, financial advisory and family office services to individuals, corporations, trusts and charitable organizations worldwide. Advice is provided through consultation with the client and may include: determination of financial objectives, identification of financial problems, cash flow management, insurance review, investment management, education funding, retirement planning, estate planning, real estate analysis and educational services. Other Services The Adviser from time-to-time provides introductions to its affiliate Noctua Strategic and/or One Bric to parties interested in real estate investment and opportunities by way of SPVs. The Adviser does not manage or provide advisory services to such SPVs, but it maintains common ownership with Noctua Strategic and One Bric (entities that manage the SPVs) by way of Affinis Partners II, LLC and related control persons. Adviser can provide additional services for clients from time to time, upon request, and as agreed between the client and the Adviser. C. Wrap Fee Programs We do not participate in wrap fee programs. D. Assets Under Management As of December 31, 2023, Noctua maintained approximately $280,928,327 in assets under management on a discretionary basis and $52,124,950 in assets under management on a non-discretionary basis. P a g e | 7