Aikya Investment Management Limited

Item 5: Fees and Compensation

Management Fee

Aikya charges the Funds a fee for its investment management services based on assets under
management (the “Management Fee”), which are set forth in the Fund’s offering
documents. With respect to all share classes, the Firm receives an annual management fee
ranging up to 1.28% per annum in respect of the net asset value (“NAV”) per series of the
relevant class of issue. The Management Fee is payable monthly in arrears as soon as
practicable after the end of each calendar month. The Funds may from time to time enter
into Side Letters providing for changes in management fees and performance allocation.

Performance Based Compensation

In addition to Management Fees, Aikya may receive performance-based compensation in the
form of a performance fee (the “Performance Fee”) equal to a percentage of the
appreciation in the value of the shares above an agreed performance hurdle.

Aikya, in its sole discretion, may reduce, waive, rebate, or modify the Performance Fee with
respect to certain shareholders. This may be effected through the creation of additional
classes, subclasses, or series of shares, which will not require shareholder approval.

Brokerage Fees

The Funds are responsible for paying any and all brokerage fees including, without limitation,
commissions, annual fees, brokerage charges, bank charges, registration fees, clearing and
settlement charges, taxes and/or duties.

Other Fees and Expenses

The Funds may incur ongoing operational expenses, including but not limited to, accounting,
auditing, tax preparation, legal, administration, research, and trading costs. Depending on the
Fund these expenses are covered directly by the Investment Manager out of its management
fee or are accrued in the share/unit price subject to a 0.20% cap. Any additional expenses
will be covered by the Firm or distributor.

Sales Compensation

The Firm and its Supervised Persons do not receive (directly or indirectly) any compensation
from the purchase or sale of securities or investments for the Funds. Aikya and its
Supervised Persons do not receive (directly or indirectly) sales commissions in connection
with sales of interests in the Funds.

Aikya Investment Management Limited                                     Form ADV Part 2A

Item 7: Types of Clients / Eligible Investors

Aikya provides investment management services to the Funds. Investors in the Funds and the
SMAs primarily consist of institutional investors and family offices. Aikya may also offer sub-
advisory services to Registered Investment Companies and other Private Investment Funds.

The minimum initial investment amount for the Funds is generally USD $18,500 and the
minimum subsequent investment amount is USD $18,500. In certain circumstances,
minimum investment amounts may be amended by the Directors in consultation with the
Firm.

Clients with SMAs will be required to enter into a separate Investment Management
Agreement (“IMA”) with the Firm. Aikya may require a minimum account size, which will be
determined on a case by case basis.

Aikya Investment Management Limited                                         Form ADV Part 2A