Altmore Capital Investment Management LLC

ITEM 5: FEES AND COMPENSATION

ACIM is compensated for      advisory services from the private funds that it manages primarily through
management fees, which       range from 1.5 to 2.0% of fund assets annually. The general partner (or
equivalent entity) of each   private fund ACIM manages can also earn performance-based fees from the
private funds. Depending     on performance, these fees range from 10-20% of returns over a specified
threshold.

ACIM bills clients for fees incurred. ACIM’s clients pay management fees a quarter in advance.

The potential to receive performance-based fees could create an incentive for ACIM to manage clients’
investments in a manner that could increase the risk of loss (insofar as we would be incentivized to seek
investments that maximize yield at the expense of higher creditworthiness).

We generally pay all ordinary expenses and costs incurred by us in the course of performing our
obligations under the investment management agreements with our clients (each a “Management
Agreement” and, collectively, the “Management Agreements”), except that we are not liable for, and our
clients are responsible for the payment of, all extraordinary expenses and costs incurred by us in
performing our obligations, as well as all expenses andcosts of legal advisers, independent accountants
and consultants. These expenses generally include, among other things:

    •   Investment transaction costs;
    •   Custodial services, agreed-upon-procedures audits, tax preparation and legal fees;
    •   Expenses for investment research, appraisals and pricing of the portfolio;
    •   Governmental fees and taxes;
    •   Travel and travel-related expenses incurred in connection with investment activities; and
    •   All other reasonable expenses related to the management and operation of the funds or the
        purchase and sale of assets, all as we determine in our sole discretion.

If any of our Management Agreements are terminated, the management fees related to the Terminated
Management Agreement will be prorated for any partial periods between payment dates. As all fees to
us are payable in advance, upon termination there will be a pro- rated refund of fees previously paid but
not earned.

ITEM 7: TYPES OF CLIENTS

Our clients consist of private funds. The private funds are privately- offered investment funds that are not
registered under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”),
in reliance upon Section 3(c)(1) of that Act.