Foursixthree Capital LP: investment adviser

We serve as the Investment Adviser, with discretionary trading authority, to: (i) private, pooled investment vehicles (each a “Fund” and collectively the “Funds”), (ii) separately managed accounts (the “SMAs”) and (iii) in a non-discretionary capacity, as a sub-advisor to multiple investment entities under sub-advisory agreements (“SAAs”, and together with the Funds and the SMAs, the “Clients”), the securities of which are offered through a private placement memorandum and/or investment management agreement to accredited investors, as defined under the Securities Act of 1933 (the “Securities Act”). We do not tailor our advisory services to the individual needs of any investor. FourSixThree manages the following private, pooled investment vehicles:

FourSixThree Overseas Fund, Ltd. a Cayman Islands exempted company (the “Offshore Fund”); FourSixThree Intermediate Fund LP, a Cayman Islands Limited Partnership (the “Intermediate Fund”); FourSixThree Domestic Fund LLC, a Delaware limited liability company (the, “Onshore Fund”); FourSixThree Master Fund, LP, a Cayman Islands exempted limited partnership (the “Master Fund”); FourSixThree CAV Master, LP, a Cayman Islands Limited Partnership (the “CAV Fund”)

The Onshore Fund’s “Limited Partners” and the Offshore Fund’s “Shareholders” are hereafter collectively referred to as the “Investors” where appropriate. Our investment decisions and advice with respect to the Funds are subject to each fund’s investment objectives and guidelines, as set forth in its respective “Offering Documents.” The SMAs are managed to make investments in positions that may also be held in the portfolio of the Master Fund. In accordance with the terms of our investment management agreement with the SMAs (the “IMAs”), FourSixThree has discretionary trading authority for the SMAs, subject to compliance with the investment guidelines, restrictions and other parameters set forth in the SMAs’ IMAs. The SAAs have an investment objective that relates to specific trade ideas, and have a finite life that will conclude with the realization of those trade ideas. FourSixThree does not have discretionary trading authority over the SAAs, and makes recommendations to the Investment Advisor of the accounts. If FourSixThree manages additional SMAs or SAAs in the future, such accounts will be subject to the investment objectives, guidelines and restrictions, fee arrangements and other terms individually negotiated with such Clients. Any such additional relationship would generally involve a significant minimum account size.

Note, all capitalized or defined terms below are described in further detail in the relevant Offering Documents or agreement. The Firm has entered into and may enter into “side letters” or similar agreements with certain investors that may waive or modify the application of, or grant special or more favorable rights with respect to the Offering Documents to the extent permitted by applicable law. We do not currently participate in any Wrap Fee Programs. As of December 31, 2025, the Firm has regulatory assets under management of $ 3,184,324,389, of which $3,178,048,793 is managed on a discretionary basis and $6,275,596 on a non-discretionary basis.

Other Types of Fees or Expenses FourSixThree and its General Partners are authorized to incur and pay in the name and on behalf of the Funds and SMAs all expenses which they deem necessary or advisable. The SAAs are not charged expenses. The Firm is responsible for and shall pay, or cause to be paid, all of their own ordinary administrative and overhead expenses, including, without limitation, all costs and expenses related to rent, salaries, office equipment, computer equipment, supplies, wages, bonuses, and other employee benefits. The Funds and SMAs bear all other expenses, its own administrative and operational expenses, including but not limited to, the Management Fees and fees payable to the Administrator; legal, administration, auditing, accounting (including third-party accounting services), tax preparation and other professional expenses; bond surveillance fees; due diligence costs; insurance expenses; the transaction expenses described above; market data expenses; filing fees and expenses (including regulatory filings made in respect of the Fund or SMA such as Form PF preparation and filing expenses); research expenses (including research-related travel); the costs of printing and distributing annual reports and statements and expenses in connection with the ongoing offering of the Interests, including the cost of producing and distributing offering memoranda and other marketing materials, and expenses paid to third-party vendors, including travel and the cost of producing and delivering offering materials, regulatory and compliance expenses directly related to the Funds and SMAs; software, data bases and other technical and telecommunications services; equipment used in the investment management process and hardware directly related to the Funds and SMAs; order management and risk management systems; investment expenses such as commissions, interest on margin accounts and other

indebtedness; custodial fees; bank service fees; and other operating expenses. Each feeder Fund also bears, as an investor in the Master Fund, its pro rata share of the Master Fund’s operational expenses. Neither the Firm nor its employees accept compensation, including sales charges or service fees, from any person for the sale of securities or other investment products.

Methods of Analysis The Firm has broad discretion in making investment decisions for the Clients. The Firm utilizes various methods of analysis in formulating its investment management decisions. The Firm seeks to achieve attractive risk-adjusted total returns by combining top-down macro analysis with bottom-up fundamental research intended to identify and capitalize on the mispricing of credit risk throughout the debt markets. Investment Strategies The investment strategies for each Client are set forth in the respective governing documents that are provided to investors. The Firm seeks to achieve the Clients’ investment objective through investments in credit instruments, primarily in the United States and Europe. The Firm is highly flexible in its ability to select and dispose of investments in response to market opportunities and other circumstances. The Firm’s primary focus is investing both long and

short in investment grade, high-yield and distressed debt, asset- and mortgage-backed securities (including both residential and commercial), structured credit and sovereign debt. Investments may include, among other things, any of the following: (i) loans of any kind, which may include, without limitation, investment grade, below investment grade or unrated, senior, subordinate or mezzanine, unsecured or secured, syndicated or unsyndicated; (ii) participations in loans (including pari passu, senior and subordinated participations); (iii) bonds (including, without limitation, corporate, municipal and sovereign bonds) of any kind, including, without limitation, investment grade, below investment grade (“high-yield” or “junk”) or unrated, senior, subordinate or mezzanine, unsecured or secured, convertible, exchangeable or neither; (iv) fixed income investments constituting, backed by, or representing an interest in, consumer debt payment obligations and other receivables (consumer or commercial) and financial assets; (v) credit default swaps (including, without limitation, corporate, municipal and municipal bond credit default swaps), total return swaps, put and call options and other derivatives relating to fixed income and other investments, whether structured, over-the-counter or otherwise; (vi) futures, swaps, forward, option and other derivative contracts or instruments, including, without limitation, credit index and equity index options; (vii) investments, including equity and debt investments, in other entities that make fixed income investments, including leveraged vehicles that issue securities commonly known as “collateralized bond obligations,” “collateralized debt obligations” or “collateralized loan obligations” and warehouse facilities relating to the foregoing and other entities, whether leveraged or unleveraged; (viii) distressed and special situation investments relating to the foregoing, including any of the foregoing acquired in debtfor-equity swaps and other kinds of transactions and trade claims; (ix) credit indices; (x) assetand mortgage-backed securities (including both residential and commercial); (xi) “new issues”; and (xii) cash or cash equivalents and other short term investments. Risk of Loss Factors An investment involves significant risks and is suitable only for those persons who can bear the economic risk of the loss of their entire investment, who have limited need for liquidity in their investment, and who have met the conditions set forth in the relevant Clients’ Offering Documents or IMA. There can be no assurances that we will achieve our investment objectives. An investment carries with it the inherent risks associated with investments in publicly-traded stocks and bonds, options, and related instruments. Each prospective investor should carefully review the Offering Documents and the agreements referred to herein before deciding to invest with FourSixThree. General Investment and Trading Risks. All securities investments present a risk of loss of capital. Volatile financial markets increase that risk. If the Firm’s evaluation of an investment opportunity should prove incorrect, the Client could experience losses as a result of a decline in the market value of securities in which the Client holds a long position or an increase in the value of securities in which the Client holds a short position. The Clients’ investment program, as executed through the Client, will include short sales, which can involve substantial volatility and can, in certain circumstances, substantially increase the adverse impact to which the Client may be subject. The risk management techniques that may be used by the Firm do not provide any assurance that the Clients will not be exposed to a risk of significant investment losses. No guarantee or representation is made that the Clients’ investment program will be successful, that the Clients will achieve its targeted returns or that there will be any return of capital invested to investors in the Clients. In addition, investment results may vary substantially over time. Economic and Market Conditions. The success of the Firm’s investment decisions may be affected by general economic and market conditions, such as interest rates, availability of credit, inflation rates, economic uncertainty, changes in laws, developments in governmental regulation and national and international political circumstances. These factors may affect the success of the businesses in which the issuers of the Clients’ portfolio securities are engaged as

well as the markets for the securities the Clients hold. Unexpected volatility or illiquidity could impair the Clients’ profitability or result in losses. Various sectors of the global financial markets have recently experienced extended periods of market volatility, such as disruptions in global supply chains, natural disasters due to climate change, high inflation, U.S.-Israeli-Iranian military conflict, the Israeli-Palestinian conflict, the ongoing military conflict between Russia and Ukraine, the Middle East and Venezuela conflicts, U.S. tariffs on its trading partners. These geopolitical conditions continue to disrupt global markets having an adverse effect on the financial markets domestically and globally. Consumer and business confidence could increase market volatility and reduce liquidity, which could cause a materially adverse effect on performance and overall ability to achieve its investment strategies. Regulatory Restrictions. The investment strategies pursued by the Client may be affected by U.S. state and federal laws governing the beneficial ownership of securities in public companies, which may inhibit the Client’s ability to freely acquire and dispose of certain securities. Should the Client be affected by such rules and regulations, it may not be able to transact in ways that would realize value for the Client. In addition, any changes to government regulations could make some or all forms of corporate governance strategies unlawful or impractical. Accordingly, such changes, if any, could have an adverse effect on the ability of the Client to achieve its investment objective. Investment Judgment. The profitability of a significant portion of the Clients’ investment program depends to a great extent upon correctly assessing the future profitability of the price movements of securities and other investments. There can be no assurance that the Firm will be able to accurately predict the long-term results of any security or other investment. Hedging. Hedging strategies in general are usually intended to limit or reduce investment risk, but they can also be expected to involve transaction costs and may inherently limit or reduce the potential for profit. In addition, although the Firm may utilize a variety of instruments, including options and other derivatives, for hedging and risk management purposes, it is not obligated to, and my not, hedge against certain risks. Furthermore, the Clients’ portfolio will always be exposed to risks that cannot be hedged, such as, for example, credit risk. Concentration of Investments. The investments of the Clients may be concentrated in a relatively limited number of investments which may tend to result in more rapid changes in the value of the portfolio, upward or downward, than would be the case with greater diversification, with the result that a loss in any such position could have a material adverse impact on the Clients’ capital and performance. Management Risk. The individual investments of the Client may not perform as expected, due to credit, political, or other risks and/or the portfolio management practices applied by the Firm may not achieve the desired result. Various legislative, regulatory, or tax developments may affect the investment techniques available to the Firm. Changes in Investment Strategy. The Clients’ governing documents and the agreements between the Firm and the Clients give the Firm and its affiliates broad discretion to expand, contract or otherwise change the Clients’ activities without the consent of the investors. Thus the investment strategies described herein may be altered if the Firm and its affiliates believe the change is in the best interests of the Clients. Any such change could result in the exposure of the Client’s capital to additional risks, which may be substantial. Market Risk Factors Interest Rate Risk. Fixed-income securities are affected by changes in interest rates. The value of most fixed income securities move in the opposite direction of the change in

interest rates. When interest rates decline, the market value of fixed income securities generally can be expected to rise. Conversely, when interest rates rise, the market value of fixed-income securities generally can be expected to decline. The longer the duration or maturity of a fixedincome security, the more susceptible it is to interest-rate risk. Credit Risk. Credit risk associated with investments in fixed-income securities relates to the ability of the issuer to make scheduled payments of principal and interest on an obligation. The credit quality of fixed-income securities may deteriorate, which could lead to default or bankruptcy of the issuer where the issuer becomes unable to pay its obligations when due. Investments in Undervalued Financial Instruments. The Clients invest in financial instruments that the Firm perceives to be undervalued. The identification of investment opportunities in undervalued financial instruments is a difficult task, and there are no assurances that such opportunities will be successfully recognized or acquired. While investments in undervalued financial instruments offer the opportunities for above-average capital appreciation, these investments involve a high degree of financial risk and can result in substantial losses. Returns generated from the Clients’ investments may not adequately compensate for the business and financial risks assumed. The Clients may make certain speculative investments in financial instruments which the Firm believes to be undervalued; however, there are no assurances that the financial instruments purchased will in fact be undervalued. In addition, the Clients may be required to hold such financial instruments for a substantial period of time before realizing their anticipated value. During this period, a portion of the Clients’ capital would be committed to the financial instruments purchased, thus possibly preventing the Clients from investing in other opportunities. Low-Rated Securities Risk. In general, low-rated debt securities (commonly referred to as “high yield” or “junk” bonds) offer higher yields due to the increased risk that the issuer will be unable to meet its obligations on interest or principal payments at the time called for by the instrument. For this reason, these securities are considered speculative and could significantly weaken the Client’s returns. Mortgage-Backed and Asset-Backed Securities Risk. The value of investments in mortgage-backed and asset-backed securities is subject to interest rate risk and credit risk. These securities are also subject to the risk that borrowers will prepay the principal on their loans more quickly than expected (prepayment risk) or more slowly than expected (extension risk), which will affect the yield, average life and price of the securities. In addition, faster than expected prepayments may cause the Clients to invest the prepaid principal in lower yielding securities and slower than expected prepayments may reduce the potential for the Clients to invest in higher yielding securities. Distressed Investments. The Clients may invest in distressed investments including loans, loan participations, bonds, notes and non-performing and sub-performing mortgage loans, many of which are not publicly traded and which may involve a substantial degree of risk. In certain periods, there may be little or no liquidity in the markets for these securities or instruments. In addition, the prices of such securities or instruments may be subject to periods of abrupt and erratic market movements and above-average price volatility. It may be more difficult to value such securities and the spread between the bid and asked prices of such securities may be greater than normally expected. If the evaluation of the risks and anticipated outcome of an investment in a distressed security should prove incorrect, the Client may lose a substantial portion or all of its investment or it may be required to accept cash or securities with a value less than the original investment. Loan Participation Risk. In addition to the risks typically associated with fixed income securities, loan participations carry other risks, including the risk of insolvency of the lending bank or other intermediary. Loan participations may be unsecured or not fully collateralized,

may be subject to restrictions on resale and sometimes trade infrequently on the secondary market. Non-U.S. Securities. Investing in securities of non-U.S. companies which are generally denominated in non-U.S. currencies and utilization of options on non-U.S. securities involves certain considerations comprising both risks and opportunities not typically associated with investing in securities of United States companies. These considerations include changes in exchange rates and exchange control regulations, political and social instability, expropriation, imposition of foreign taxes, less liquid markets and less available information than is generally the case in the United States, higher transaction costs, foreign government restrictions, less government supervision of exchanges, brokers and issuers, greater risks associated with counterparties and settlement, difficulty in enforcing contractual obligations, lack of uniform accounting and auditing standards and greater price volatility. Short Selling Risk. The Clients may participate in the short sales of securities. Short sales can, in certain circumstances, substantially increase the impact of adverse price movements on the Clients’ portfolio. Short selling involves the sale of a security that the Clients do not own and must borrow in order to make delivery in the hope of purchasing the same security at a later date at a lower price. In order to make delivery to its purchaser, the Clients must borrow securities from a third-party lender. Theoretically, securities sold short are subject to unlimited risk of loss because there is no limit on the price that a security may appreciate before the short position is closed. In addition, the supply of securities that can be borrowed fluctuates from time to time. The Clients may be subject to losses if a security lender demands return of the lent securities and an alternative lending source cannot be found. Derivatives in General. The Clients may make use of various derivative instruments, such as convertible securities, options, futures, forwards and interest rate, credit default, total return and equity swaps. The use of derivative instruments involves a variety of material risks, including the extremely high degree of leverage sometimes embedded in such instruments. The derivatives markets are frequently characterized by limited liquidity, which can make it difficult as well as costly to close out open positions in order either to realize gains or to limit losses. The pricing relationships between derivatives and the underlying instruments may not correlate with historical patterns, resulting in unexpected losses. Credit Default Swaps and other Credit Derivatives. The Clients also invest and trade in credit default and total return swaps. A primary risk associated with credit default swaps is that if a certain event were to occur with respect to the underlying entity which is the object of the swap (i.e., bankruptcy, debt restructuring or acceleration, or the failure to pay principal or interest when due), the Clients (if the seller of the protection) would have to make a settlement payment to the buyer of the protection under the swap. In addition to the risks involved in using derivatives generally, a risk posed in investing in total return swaps is that the Firm will inaccurately predict the future value of the referenced asset. Swaps and certain options and other customized instruments are subject to the risk of non-performance by the counterparty, including risks relating to the financial soundness and creditworthiness of such counterparty. Options. Trading options is highly speculative and may entail risks that are greater than investing in other securities. Prices of options are generally more volatile than prices of other securities. In trading options, the Firm speculates on market fluctuations of securities and securities exchange indices while investing only a small percentage of the value of the securities underlying such option. A change in the market price of the underlying securities or underlying market index will cause a much greater change in the price of the option contract. In addition, to the extent that the Firm purchases options that it does not sell or exercise, the Clients will suffer the loss of the premium paid in such purchase. To the extent the Firm sells options and must deliver the underlying securities at the option price, there is a theoretically unlimited risk of loss if the price of such underlying securities increases. If the Clients must buy those

underlying securities, the Clients risk the loss of the difference between the market price of the underlying securities and the option price. Any gain or loss derived from the sale or exercise of an option will be reduced or increased, respectively, by the amount of the premium paid. The expenses of option investing include commissions payable on the purchase and on the exercise or sale of an option. Furthermore, the risk of non-performance by the obligor on an option may be greater and the ease with which the Firm can dispose of such an option may be less than in the case of an exchange traded option. Futures and Commodities Trading Risks. Trading futures and/or commodities (or options thereon) is a highly risky strategy for the Clients and the Firm. Whenever the Clients purchase a particular future and/or commodity (or an option thereon), there is a substantial possibility that it may sustain a total loss of its purchase price. The prices of futures and/or commodities are, in general, much more volatile than prices of securities such as stocks and bonds. As a result, the risk of loss in trading futures and/or commodities is substantially greater than in trading securities. Prices of futures react strongly to the prices of the underlying commodities. The prices of these underlying products, in turn, rise and fall based on changes in interest rates, international balances of trade, changes in governments, wars, weather and a host of other factors that are entirely beyond the control of the Clients or the Firm and that are very difficult (and perhaps impossible) to predict. Equities. Equities invested in by the Clients may involve substantial risks and may be subject to wide and sudden fluctuations in market value, with a resulting fluctuation in the amount of profits and losses. There are no absolute restrictions in regard to the size or operating experience of the companies in which the Clients may invest (and relatively small companies may lack management depth or the ability to generate internally, or obtain externally, the Clients necessary for growth and companies with new products or services could sustain significant losses if projected markets do not materialize). Repurchase Agreements. A repurchase agreement is a contract under which the Client acquires a security for a relatively short period (usually not more than one week) subject to the obligation of the seller to repurchase and the Client to resell such security at a fixed time and price (representing the Client’s cost plus interest). Repurchase agreements may also be viewed as loans made by the Client which are collateralized by the securities subject to repurchase. If the seller defaults, the Client could realize a loss on the sale of the underlying security to the extent that the proceeds of the sale including accrued interest are less than the resale price provided in the agreement including interest. In addition, if the seller should be involved in bankruptcy or insolvency proceedings, the Client may incur delay and costs in selling the underlying security or may suffer a loss of principal and interest if the Client is treated as an unsecured creditor and required to return the underlying collateral to the seller’s estate. Investments in New Issues. The Client may invest in New Issues. Limited Partners that are categorized by the Client as non-Restricted Persons, as well as certain Restricted Persons under FINRA Rule 5130 and FINRA Rule 5131, may participate in such New Issues. To the extent that Limited Partners that are Restricted Persons do not participate, or participate fully, in the profits and losses from New Issues, such Limited Partners may experience materially different performance than Limited Partners who are not so restricted. The Client does not intend to make any de minimis allocations as permitted by FINRA Rule 5130 or FINRA Rule 5131. In addition, the Client will not, unless it determines otherwise, allocate any New Issues income gains or losses to any Limited Partner that is an executive officer or director of a public company or a covered non-public company, or a person materially supported by such person, as those terms are defined in FINRA Rule 5131. The Client may change its policy in the future. Investments in Emerging Markets. The Client may invest a portion of its assets in the securities (or instruments thereto) of less developed countries or countries with new or developing capital markets (“Emerging Markets”) as well as trade the currencies of such

countries for hedging purposes. The value of Emerging Market currencies and securities may be drastically affected by political developments in the country of issuance. In addition, the existing governments in the relevant countries could take actions that could have a negative impact on the Client, including nationalization, expropriation, imposition of confiscatory taxation or regulation or imposition of withholding taxes on interest payments or gains. Some of the countries in which the Client may invest have experienced, are experiencing or will experience political, economic and/or social instability. Many such countries have also experienced dramatic swings in the value of their national currency. There can be no assurance that such instability or such fluctuations will not occur in the future and, if they do occur, that they will not have a substantial adverse effect on the performance of the Client. The economies of many of the Emerging Market countries are still in the early stages of modern development and are subject to abrupt and unexpected change. In many cases, governments retain a high degree of direct control over the economy and may take actions having sudden and widespread effects. Also, many Emerging Market country economies have a high dependence on a small group of markets or even a single market. Emerging Market countries tend to have periods of high inflation and high interest rates as well as substantial volatility in interest rates, which could affect any of the Client’s investments in them adversely. The currencies and securities purchased by, and the instruments relating thereto entered into by, the Client may lack a liquid trading market, which may result in the inability of the Client to sell such security or currency or to close out a transaction, thereby forcing the Client to incur potentially unlimited losses. Foreign investment in the Emerging Market countries is in some cases restricted. Many of these countries have non-convertible currencies and the value of investments may be affected by fluctuation in available currency rates and exchange control regulations. The remittance of profits may therefore be restricted, and the Client may need to utilize swaps, participation agreements, loans and other indirect investment techniques to access markets and remit profits. Moreover, the banking systems in these countries are not as developed as their developed counterparts and considerable delays may occur in the transfer of funds within, and the remittance of monies out of, these countries. In certain cases, the structures which the Client employs to make trades in Emerging Market currencies and securities may be complex, entail significant counterparty exposure and/or not clearly comply with local law. The Client may invest in Emerging Markets currencies and securities through various swaps and derivatives. Certain Emerging Markets countries are particularly likely to require identifying information about entities and persons who have direct, or even indirect, exposure to the securities of issuers in those countries. This may result in the Client being asked to provide information about Client investors to Emerging Markets regulators or to the brokers who are providing services to the Client in connection with investing activities. Such information may include, but may not be limited to, the identities, addresses and countries of origin of the Limited Partners. Risks Relating to Technology, Artificial Intelligence and Automation. The SEC has indicated that the use of artificial intelligence (“AI”) programs, bots and applications, AI Models (“AI Model(s)”) may have implications under securities laws including, but not limited to, the Advisers Act and the Securities Act, and the new Marketing Rule. While technological developments increase access and choice, they also pose considerations as to conflicts of interest, systemic risk and public policy. While AI Models can be useful tools, they also present several compliance risks that must be carefully managed to ensure that the Adviser remains in compliance with all applicable regulations and laws. These compliance risks include but are not limited to: Recordkeeping, Confidentiality, Privacy, Quality and Output, Fiduciary Duty, Intellectual Property, Lack of Transparency, Surveillance, Manipulation and Bias, and Loss of Human Influence/Oversight.

Employees must at all times place the interests of the Clients and Investors first; Employees must ensure that all personal securities transactions are conducted consistent with the Code of Ethics’ Employee Investment Policy (summarized below); and Employees should not take inappropriate advantage of their position at the Firm.

Personal Securities Trading Employees are not permitted to trade single name securities, including but not limited to; equity securities, options on equities, publicly-traded bonds or other fixed income or debt investments (including derivatives), futures or commodities, without written pre-approval from the CCO. Employees are permitted to liquidate positions held at the time of employment (a “Liquidating Trade”) subject to pre-clearance by the CCO. Employees are prohibited from participating in Initial Public Offerings (“IPOs”). Furthermore, employees are also prohibited from personally, or on behalf of a Client, purchasing or selling securities that appear on the Firm’s Restricted List. Employees are permitted to trade cryptocurrencies subject to the CCO’s pre-approval.

Employees must obtain pre-approval from the CCO before: (i) making a Liquidating Trade; (ii) engaging in any outside business activities that may present a conflict with the employees’ duties at the Firm; or (iii) making any private investments. We will provide a copy of our Code of Ethics to our Investors, or any prospective investor or client, upon request, to be viewed on the premises. Participation or Interest in Client Transactions Neither we nor our related persons generally purchase any securities for our own accounts from, or sell any securities for our own accounts to, the Clients. We may solicit qualified clients to invest in a Fund. We could be considered to have recommended an investment in the Fund as suitable for a client as a result of our relationship with the Fund. We will inform each client of our relationship with a Fund prior to the client’s investment, but we do not intend to advise clients as to the appropriateness of the investment and we will not receive any compensation for selling interests in a Fund (except to the extent that we receive our Management Fee and Performance Allocation from Investors). We disclose these, and other potential conflicts of interest, to Investors in the Fund’s Offering Documents. Offering Documents are delivered to Investors prior to their investment and Investors are given the opportunity to ask questions and seek answers regarding, among other things, potential conflicts involving us, our affiliates, or the executive officers of the foregoing.

In selecting an appropriate broker-dealer to effect a client trade, we seek to obtain “Best Execution,” meaning generally the execution of a securities transaction for a client in such a manner that a client’s total costs or proceeds in the transaction are most favorable under the circumstances. Accordingly, in seeking Best Execution, we will take into consideration the price of a security offered by the broker-dealer, as well as a broker-dealers’ full range and quality of their services including, among other things, their facilities, reliability and financial responsibility, execution capability, commission rates, responsiveness to us, brokerage and research services provided to us (for example, research ideas, analysis, and investment strategies), special execution and block positioning capabilities, clearance, and settlement and custodial services. Soft Dollars The Firm may make use of “Soft Dollars”. In cases where the Master Fund’s trading activities through its selected prime brokers may engage in capital introductions to the Funds, there will be no additional charge from the prime brokers. We intend to keep any such arrangements within the parameters of the safe harbor of Section 28(e) of the Securities Exchange Act of 1934.

Neither FourSixThree nor any related person receives client referrals from any broker-dealer or third party. However, subject to best execution, we may consider, among other things, capital introduction and marketing assistance with respect to investors in the Funds in selecting or recommending broker-dealers for the Funds.

FourSixThree has and may in the future enter into additional agreements, or side letters, with certain prospective or existing investors in pooled investment vehicles whereby such investors may be subject to terms and conditions that are more advantageous than those set forth in the applicable governing documents of a Fund, without notice to, or consent of, other investors in the applicable Fund. For example, certain government-related investors (e.g., public pensions), as a condition of their investment, may require that the Firm agree to certain notifications or to comply with the investor’s status-specific requirements. In addition, the terms and conditions of side letters have and may provide for special rights to make future investments; special redemption rights generally relating to regulatory issues; or such other rights as may be negotiated by the Funds and such investor.