1543 Capital LP

Item 5: Fees and Compensation

The fees applicable to each of the Funds are set forth in detail in the corresponding Offering
Documents. The fees applicable to each Separately Managed Account are set forth in detail in
each Separately Managed Account’s Investment Management Agreement. A brief summary
of such fees is provided below.

Management Fee

The Funds

1543 does not maintain a fixed fee schedule for the Clients. Generally, 1543 is paid an
investment management fee (“Management Fee”) up to 1.5% per annum based on the cost
basis of invested capital, excluding the cost basis of investments that have been disposed of
or written off and taking into account write-ups or write-downs. These fees will generally be
charged monthly or quarterly in arrears. The amount of the fees charged by each Fund is set
forth in each Fund’s respective Offering Documents.

The Separately Managed Accounts

Management Fees paid by a Separately Managed Account are agreed upon between
1543 and the Separately Managed Account Client and may range from 0 % to 1.5%.
Management Fees generally are paid monthly or quarterly in arrears in accordance with the
terms of each Separately Managed Account's Investment Management Agreement.
Generally, the Management Fee is not negotiable. However, 1543 or may, in its sole
discretion, waive, reduce or modify the Management Fee at any time.

Other Types of Fees or Expenses

1543 is authorized to incur and pay in the name and on behalf of the Funds all expenses
incurred by the Funds. The costs and expenses applicable to each Separately Managed
Account are set forth in detail in each Separately Managed Account’s Investment
Management Agreement.

The Firm is responsible for and shall pay, or cause to be paid, all of its own ordinary
administrative and overhead expenses, including, without limitation, all costs and expenses
related to rent, furniture, fixtures, equipment, office supplies, clerical expenses and all
salaries, bonuses and benefits paid to, or on behalf of, personnel of the Firm.

The Funds bear all other expenses, which include, without limitation, the following expenses
incurred by or allocable to the Funds: (a) organizational and offering expenses; (b) expenses
associated with all investments and transactions considered, evaluated and/or consummated
by the Funds, including, without limitation, those expenses incurred before the initial closing
of the Funds, including, without limitation, expenses associated with sourcing, negotiating,
investigating, researching, financing and structuring of investments and potential
investments, whether or not consummated, including, without limitation, third-party
research, data, analytics, modeling, structuring, pricing, execution and other third-party
information systems, software and service fees (including, without limitation, the expenses
with respect to data feeds, subscriptions, expert networks, political intelligence providers, and
reports); (c) research-related computer hardware and software expenses, including, without
limitation, Bloomberg terminals; (d) the Funds’ pro rata share of the Firm’s order management
system, portfolio management system and any other software used for accounting and/or
monitoring of the portfolio; (e) expenses associated with holding, financing, monitoring,
hedging, maintaining and disposing of all investments of the Funds and all transaction and
other costs associated therewith; (f) travel and related expenses associated with investments
and potential investments; (g) professional fees associated with investments and potential
investments, including, without limitation, consulting, due diligence, accounting, valuation,
financial, legal, and other advisory fees and expenses; (h) transaction fees, brokerage

commissions, custodial fees, clearing and settlement charges and similar fees and expenses
associated with the acquisition, disposition and settling of investments and potential
investments; (i) expenses associated with legal and regulatory filings of the Funds (including,
without limitation, pursuant to Section 13 and 16 of the Securities and Exchange Act of 1934,
as amended (the “Exchange Act”)) and the Funds’ pro rata portion of the expenses associated
with preparation of the Firm’s Form 13F, Form 13H and Form PF, and any other similar filing
in any other U.S. or non-U.S. jurisdiction; (j) administrative, custodial, appraisal, valuation,
legal, regulatory, compliance, consulting, advisory and similar fees and expenses associated
with the Funds’ operations, investments and transactions, including, without limitation, fees
and expenses of the Funds’ administrator; (k) expenses incurred in connection with
responding to requests or inquiries from any U.S. federal, state, local or non-U.S.
governmental entity or authority, regulatory body or self-regulatory organization and all
extraordinary expenses; (l) broken-deal, failed transaction, break-up and similar fees, costs
and expenses, if any; (m) costs and expenses of leverage or any other borrowings of the Funds,
including, without limitation, interest charges and fees; (n) expenses incurred in the collection
of monies owed to the Funds, as applicable; (o) auditing and accounting expenses of the
Funds, including, without limitation, expenses associated with the preparation of financial
statements, tax returns and Schedules K-1 and the fees and expenses of the auditor; (p) any
entity level taxes, fees or other governmental charges on the Funds, including, without
limitation, any withholding taxes not due to the status or noncompliance of a particular
Investor; (q) costs and expenses associated with investor communications and reports and the
delivery thereof to investors; (r) the costs of service providers or software to measure or
monitor risk metrics, to aggregate positions and/or to provide reporting with respect to risk
metrics and/or positions; (s) costs and expenses associated with meetings of the Investors; (t)
...

Item 7: Types of Clients

Our Clients are pooled investment vehicles, including the Funds described in Item 4 above,
and Separately Managed Accounts for institutional investors.

The Funds are generally open to, among others, institutions, pension plans, endowments, high
net-worth individuals, financially sophisticated individuals, and other sophisticated investors.
In addition to the two Funds listed in Item 4, 1543 provides non-discretionary investment
advice and other services to certain other accounts.

Generally, the minimum initial investment in the Funds is $10 million. However, the Fund
General Partner and/ or 1543, as applicable, may, in its sole discretion, accept smaller initial
investments from time to time.