Dragonfly Digital Management, LLC, a Delaware limited liability company, commenced operations as an investment manager in July 2018, and is owned by Dragonfly Management Limited, a relying adviser. Effective May 19, 2022, Meta Stable, LLC, a Delaware limited liability company and investment adviser, (“Meta Stable”) was acquired by Dragonfly Management Limited and serves as a relying adviser of Dragonfly Digital Management, LLC (collectively referred to herein as “Dragonfly” or the “Firm”). Bo Feng and Haseeb Ahmad Qureshi serve as Dragonfly’s Managing Partners and lead the Firm’s team of investment professionals. Dragonfly’s principal place of business is located in the San Francisco, CA area. Dragonfly is an investment management firm that provides advisory services on a discretionary basis to privately offered pooled investment vehicles (each a “Fund” and collectively, the “Funds”) per an investment advisory agreement or a sub advisory agreement with each Fund. Specifically, the Dragonfly Funds are intended for investment by certain sophisticated investors (“Limited Partners”). Such Limited Partners are accredited investors under Rule 501 of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”), and are typically Qualified Purchasers under Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Company Act”). The Funds rely on the exemption under Sections 3(c)(1) and 3(c)(7) of the Company Act. Dragonfly generally does not limit its investment advice to only certain types of investments. An affiliate of Dragonfly serves as the general partner (the “General Partner”) of each Fund. The Firm employs three investment strategies on behalf of the Funds, all of which generally pursue an investment objective to achieve long-term capital appreciation by investing in and holding cryptocurrencies, decentralized application tokens, protocol tokens, liquid crypto assets, NFTs (non-fungible tokens), various forms of network participation, blockchain-based assets and other crypto finance and digital assets, or instruments

for the purchase of such, whether issued in a private or public transaction (collectively, “Digital Assets”). Certain Funds utilize a venture-style approach with respect to Digital Asset-related companies, while other Funds focus on direct investing in Digital Assets. With respect to those Funds which employ a venture strategy, such Funds pursue early-stage investments in companies in the cryptography, blockchain and cryptocurrency ecosystems (including, companies, technologies, and protocols, that the Firm believes may help develop or contribute to such ecosystems), and invest in technology-driven opportunities that have the opportunity for venture scale returns, including blockchain and financial technology companies that are building market infrastructure, protocols and decentralized applications, and future unforeseen opportunities that are likely to be enabled by the decentralized web 3.0 movement. With respect to those Funds which invest directly in Digital Assets, for certain of those Funds, the investments are generally made to capture longer-term cryptocurrency, web 3.0, protocol, and decentralized application growth opportunities. Dragonfly’s advisory services are provided to the Funds, pursuant to the terms of the Funds’ relevant governing documents and agreements referenced to therein (the “Governing Documents”) and based on the specific investment objectives and strategies as disclosed in the Governing Documents. The advisory services each Fund receives is tailored to its individual needs, specified investment objectives and strategies as set forth in each Funds' Governing Documents. The Funds may impose restrictions on investing in certain types of Digital Assets in accordance with achieving their respective investment objectives and strategies. Dragonfly does not participate in a wrap fee program. As of December 31, 2023, Dragonfly manages approximately $2,466,635,501.87 in regulatory assets under management on a discretionary basis. Dragonfly does not manage any of its Funds’ assets on a non- discretionary basis.