Hatteras Investment Partners, L.P. (“Hatteras” or “We”) is a 100% employee-owned alternative investment boutique and investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”) since March 2014. Hatteras serves as the Investment Manager to pooled investment vehicles (or “Hatteras Limited Partnerships”) that are exempt from registration under the Investment Company Act of 1940 (“1940 Act”) and serves as Investment Adviser to additional pooled investment vehicles. Hatteras serves as Investment Manager to closed-end funds registered under the 1940 Act and Securities Act of 1933 (or “Hatteras Registered Funds”). Hatteras also serves as General Partner to the Hatteras Limited Partnerships. Hatteras furnishes investment advice to the Hatteras Registered Funds, Hatteras Limited Partnerships, Hatteras Ben Legacy, L.P. and the Hatteras Ben Private Legacy, L.P. (together the “Funds”) that it manages and does not provide advisory services directly to individuals or other entities. Hatteras has one clear mission: to strengthen the relationship between the Advisor and the Investor through performance-focused private investment solutions designed to help build more robust and resilient portfolios. Depending upon the registration status or exemption and investor qualifications, the Funds may either be publicly offered or private limited offerings. The Funds are managed in accordance with the investment objectives, strategies and guidelines as outlined in the current registration statement or offering document and are not tailored to any particular investor in the Funds. Hatteras does not provide individualized investment advice to investors; therefore, investors should consider whether a particular fund meets their investment objectives, risk tolerance and financial situation. Investors may also consider seeking the advice and guidance of a qualified financial professional. Hatteras’s investment management services include setting the mandate of the Funds, determining the investment objectives of the Funds, manager search and selection, asset allocation decisions across fund investment strategies and monitoring existing and prospective investments in light of each fund’s objectives and risk parameters. Hatteras has entered into Investment Management Agreements or Investment Advisory Agreements with each fund, as applicable and/or required. The Investment Management Agreements and Investment Advisory Agreements describe the terms of the agreements, but in general, each agreement may be terminated at any time in writing by Hatteras or by the applicable fund upon 60 days prior written notice to Hatteras or the applicable fund, respectively. As of December 31, 2023, Hatteras has approximately $236 million in assets under management, with approximately $22 million of assets managed on a discretionary basis and approximately $214 million managed on a non-discretionary basis. The Funds managed by Hatteras Investment Partners are as follows: The Hatteras Master Fund, L.P. (the “Master Fund”), an investment company registered under the 1940 Act. The Master Fund is the master fund in a master/feeder structure comprised of the Master Fund and the Hatteras Core Alternatives Funds (“Feeder Funds”). Historically, the Master Fund invested in other investment funds (the “Portfolio Funds”) and managed accounts. The Hatteras Core Alternatives Fund, L.P.; the Hatteras Core Alternatives TEI Fund, L.P.; the Hatteras Core Alternatives Institutional Fund, L.P.; and the Hatteras Core Alternatives TEI Institutional Fund, L.P. (collectively referred to as the “Core Alternatives Funds” or the “Feeder Funds”) are Delaware limited partnerships that are registered under the 1940 Act, as non-diversified, closed-end management investment companies whose units are registered under the Securities Act of 1933. The Core Alternatives Funds invest substantially all of their assets in the Master Fund. Historically, the Master Fund used a number of independent Adviser Funds selected by Hatteras, the investment manager of the Master Fund. Hatteras primarily pursued the Core Alternatives Funds’ investment objective by investing the Master Fund’s assets in hedge fund strategies and private investments. Due to an active Plan of Liquidation, the Hatteras Core Alternatives Funds are not accepting new investments. Effective December 7, 2021, the Board of Directors approved a Plan of Liquidation for the Hatteras Master Fund, Hatteras Core Alternatives Fund, Hatteras Core Alternatives TEI Fund, Hatteras Core Alternatives Institutional Fund, and the Hatteras Core Alternatives TEI Institutional Fund, collectively referred to herein as the “Funds”. On December 7, 2021, the Hatteras Core Alternatives Funds (“the Funds”) exchanged all the Funds’ underlying investments for an equivalent amount of Beneficient Preferred Series B-2 Unit Accounts (the “Preferred B-2 Units”) and entered into a Registration Rights Agreement with the Beneficient Company Group, L.P. The initial valuation of the Preferred B-2 Units (the “Estimated Closing NAV”) was determined using a reference date of September 30, 2021, for the exchanged investments. The final valuation of the Preferred B-2 Units (the “Adjusted Closing NAV”) was determined by the value of the exchanged investments as of December 31, 2021. The Adjusted Closing NAV was finalized as of September 1, 2022. On September 21, 2022, Avalon Acquisition Inc. (“Avalon”) (NASDAQ: AVAC), a publicly traded special purpose acquisition company, announced a definitive merger agreement with Beneficient. On June 6, 2023, Avalon Acquisition Inc. (“Avalon”), a publicly traded special purpose acquisition company, announced that at a stockholder special meeting, Avalon’s stockholders voted to approve its proposed business combination with The Beneficient Company Group, L.P. On June 7, 2023, the Fund’s position in the Beneficient Preferred Series B-2 Unit Accounts converted to Beneficient Class A common stock at a price of $8.00 per share following the completion of the business combination with Avalon. On June 8, 2023, Beneficient Class A common stock began trading on the Nasdaq under ticker symbol “BENF.” The Funds are and will be subject to the volatility of the publicly traded share price of BENF shares for some time prior to selling the position and during the period in which the stock is being sold. The market price for the security may be subject to significant fluctuations in response to numerous factors such as lack of liquidity, general market volatility, and numerous other factors unrelated to the operating performance of the issuer. The Funds have engaged an investment bank to exit the position in a thoughtful manner. Exit options may include, but are not limited to, underwritten offerings, sales to strategic investors, privately negotiated block trades, and or public market trading strategies. A full exit may be achieved through a combination of these options. While the Fund is currently in a Plan of Liquidation, the Fund is not in Liquidation. As of the publishing date of this report, the timing for the Liquidating Distribution is unknown. Effective June 30, 2022, the Investment Sub-Advisory Agreement between Portfolio Advisors, LLC and Hatteras Investment Partners, LP for the Hatteras Master Fund, LP, has been terminated in relation to the ongoing Plan of Liquidation for the Hatteras Master Fund, LP. Hatteras Evergreen Private Equity Fund, LLC (the "Funds”) is a Delaware Limited Liability Company that is not registered under the 1940 Act by reason of the provisions of section 3(c)(7). Historically, the investment objective of the Fund was long-term capital appreciation through an evergreen portfolio of private equity and related investments ultimately diversified by vintage year, manager, strategy, and subclass with a focus on lower middle-market North American buyouts. An evergreen fund generally is a continuously offered investment vehicle in which distributions generated by underlying portfolio company exits may be reinvested for the purpose of maintaining a more consistent portfolio

allocation to private equity. Effective December 31, 2023, the Investment Sub-Advisory Agreement between RCP Advisors and Hatteras Investment Partners, LP for the Hatteras Evergreen Private Equity Fund, has been terminated. Hatteras Evergreen Private Equity TEI Fund (the “EPEF TEI”) is a Delaware Limited Liability Company that is not registered under the 1940 Act by reason of the provisions of section 3(c)(7). The Manager invests all of the assets of Hatteras EPEF TEI in Hatteras Evergreen Private Equity Offshore Fund Ltd (the “Offshore Fund”). The Offshore Fund’s investment objective and strategy are identical to the Hatteras Evergreen Private Equity Fund. Due to an active Plan of Liquidation, the Hatteras Evergreen Private Equity Fund and Hatteras Evergreen Private Equity TEI Fund are not accepting new investments. Effective December 7, 2021, the Hatteras Evergreen Private Equity Fund and Hatteras Evergreen Private Equity TEI Fund, collectively referred to herein as the “Funds” have entered into a Plan of Liquidation. On December 7, 2021, the Hatteras Evergreen Private Equity Fund and the Hatteras Evergreen Private Equity TEI Fund (“the Funds”) exchanged all the Funds’ underlying investments for an equivalent amount of Beneficient Preferred Series B-2 Unit Accounts (the “Preferred B-2 Units”) and entered into a Registration Rights Agreement with the Beneficient Company Group, L.P. The initial valuation of the Preferred B-2 Units (the “Estimated Closing NAV”) was determined using a reference date of September 30, 2021, for the exchanged investments. The final valuation of the Preferred B-2 Units (the “Adjusted Closing NAV”) was determined by the value of the exchanged investments as of December 31, 2021. The Adjusted Closing NAV was finalized as of September 1, 2022. On September 21, 2022, Avalon Acquisition Inc. (“Avalon”) (NASDAQ: AVAC), a publicly traded special purpose acquisition company, announced a definitive merger agreement with Beneficient. On June 6, 2023, Avalon Acquisition Inc. (“Avalon”), a publicly traded special purpose acquisition company, announced that at a stockholder special meeting, Avalon’s stockholders voted to approve its proposed business combination with The Beneficient Company Group, L.P. On June 7, 2023, the Funds’ position in the Beneficient Preferred Series B-2 Unit Accounts converted to Beneficient Class A common stock at a price of $8.00 per share following the completion of the business combination with Avalon. On June 8, 2023, Beneficient Class A common stock began trading on the Nasdaq under ticker symbol “BENF.” The Funds are and will be subject to the volatility of the publicly traded share price of BENF shares for some time prior to selling the position and during the period in which the stock is being sold. The market price for the security may be subject to significant fluctuations in response to numerous factors such as lack of liquidity, general market volatility, and numerous other factors unrelated to the operating performance of the issuer. The Funds have engaged an investment bank to exit the position in a thoughtful manner. Exit options may include, but are not limited to, underwritten offerings, sales to strategic investors, privately negotiated block trades, and or public market trading strategies. A full exit may be achieved through a combination of these options. While the Funds are currently in a Plan of Liquidation, the Funds are not in Liquidation. As of the publishing date of this report, the timing for the Liquidating Distribution is unknown. Hatteras Global Private Equity Partners Institutional, LLC (the "GPEP Institutional Fund") is a Delaware Limited Liability Company that, since January 20, 2016, is exempt from registration under the 1940 Act in reliance on Section 3(c)(1) of the 1940 Act. The GPEP Institutional Fund is closed to new investors. Hatteras GPEP Fund, L.P. (the "GPEP Fund") is a Delaware series Limited Partnership that since in late 2008, is exempt from registration under the 1940 Act in reliance on Section 3(c)(1) of the 1940 Act. The GPEP Fund, is closed to new investors. Hatteras GPEP Fund II, LLC (the “GPEP Fund II”) is a Delaware Limited Liability Company that is exempt from registration under the 1940 Act, in reliance on Section 3(c)(1) of the 1940 Act as of May 25, 2015. The GPEP Fund II is closed to new investors. Effective December 7, 2021, the Hatteras Global Private Equity Partners Institutional, Hatteras GPEP Fund, and the Hatteras GPEP Fund II, collectively referred to herein as the “Funds” have entered into a Plan of Liquidation. On December 7, 2021, the Hatteras Global Private Equity Partners Institutional, Hatteras GPEP Fund, and the Hatteras GPEP Fund II (the “Funds”), exchanged all the Funds’ underlying investments for an equivalent amount of Beneficient Preferred Series B-2 Unit Accounts (the “Preferred B-2 Units”) and entered into a Registration Rights Agreement with the Beneficient Company Group, L.P. The initial valuation of the Preferred B-2 Units (the “Estimated Closing NAV”) was determined using a reference date of September 30, 2021, for the exchanged investments. The final valuation of the Preferred B-2 Units (the “Adjusted Closing NAV”) was determined by the value of the exchanged investments as of December 31, 2021. The Adjusted Closing NAV was finalized as of September 1, 2022. On September 21, 2022, Avalon Acquisition Inc. (“Avalon”) (NASDAQ: AVAC), a publicly traded special purpose acquisition company, announced a definitive merger agreement with Beneficient. On June 6, 2023, Avalon Acquisition Inc. (“Avalon”), a publicly traded special purpose acquisition company, announced that at a stockholder special meeting, Avalon’s stockholders voted to approve its proposed business combination with The Beneficient Company Group, L.P. On June 7, 2023, the Funds’ position in the Beneficient Preferred Series B-2 Unit Accounts converted to Beneficient Class A common stock at a price of $8.00 per share following the completion of the business combination with Avalon. On June 8, 2023, Beneficient Class A common stock began trading on the Nasdaq under ticker symbol “BENF.” The Funds are and will be subject to the volatility of the publicly traded share price of BENF shares for some time prior to selling the position and during the period in which the stock is being sold. The market price for the security may be subject to significant fluctuations in response to numerous factors such as lack of liquidity, general market volatility, and numerous other factors unrelated to the operating performance of the issuer. The Funds have engaged an investment bank to exit the position in a thoughtful manner. Exit options may include, but are not limited to, underwritten offerings, sales to strategic investors, privately negotiated block trades, and or public market trading strategies. A full exit may be achieved through a combination of these options. While the Funds are currently in a Plan of Liquidation, the Funds are not in Liquidation. As of the publishing date of this report, the timing for the Liquidating Distribution is unknown. Hatteras Ben Legacy, L.P. is a Delaware limited partnership designed to acquire, hold, sell and exchange, either directly or indirectly, interests in the limited partnerships or other pooled investment vehicles as described in the Limited Partnership Agreement. Hatteras has been engaged, appointed, and retained to provide non-discretionary investment advisory, administrative, reporting and monitoring services whereby the services are related to a portfolio of hedged and private investments. Hatteras Ben Private Legacy, L.P. is a Delaware limited partnership designed to acquire, hold, sell and exchange, either directly or indirectly, interests in the limited partnerships or other pooled investment vehicles as described in the Limited Partnership Agreement. Hatteras has been engaged, appointed, and retained to provide non-discretionary investment advisory, administrative, reporting and monitoring services whereby the services are related to a portfolio of private investments.