Barramundi Advisors LLC

ITEM 5: FEES AND COMPENSATION

A.     Description of Compensation and Basic Fee Schedule

The Firm is compensated for its advisory services by means of management
(advisory) fees and performance fees (carried interest). Performance fees (carried
interest) are discussed in Item 6.

The Firm generally charges an annual management fee equal to three percent of the
contributed capital for the �irst two years of the existence of a Private Fund Client.
The management fee for each private fund is set forth in the offering documents for
the private fund. The Firm may alter or negotiate the management fee. When a
Private Fund Client invests in an unrelated collective investment vehicle to gain
exposure to a private operating company because securities of the company are not
available directly, the Firm may reduce its fees to alleviate the impact of two layers of
fees.

B.     Payment of Fees

The Firm generally deducts its annual management fee from the assets of the Private
Fund Clients.

C.     Other Fees

Private Fund Clients typically pay fees for audit, valuation, and tax preparation
services, brokerage fees or commission, as well as other operational and
administrative fees associated with the private fund, such as bank, custodial, and legal
fees. The Firm typically creates an expense reserve in each Private Fund Client
suf�icient to pay such anticipated expenses for three years. When a Private Fund
Client incurs fees beyond the expense reserve established for the Private Fund Client,
the Firm pays these fees and is reimbursed by the Private Fund Client upon a liquidity
event. Please refer to the offering documents for each private fund for a more detailed
description of these other fees. Each Private Fund Client typically pays a placement
fee to a SEC-registered, FINRA-member broker-dealer, which acts as placement agent
for the private fund. The placement fee is typically equal to �ive percent of the
contributed capital. Please refer to the offering documents for each private fund for a
more detailed description of and the amount of the placement fee for the private fund.

D.     Prepayment of Fees

The Firm generally charges its annual management fee for the �irst two years of the
existence of a Private Fund Client in advance.

E.     Other Compensation

Neither the Firm nor its supervised persons accept any other form of compensation
other than that disclosed in this Brochure. Please note, however, that certain
supervised persons of the Firm are also registered representatives of the placement
agent for the Private Fund Clients and may receive a portion of the placement fee
described in Item 5.C.

ITEM 7: TYPES OF CLIENTS

The Firm provides investment advice solely to pooled investment companies that are
classi�ied as private funds exempt from registration under section 3(c)(1) of the
Investment Company Act of 1940.

Interests in these private funds are sold to investors who are both accredited investors
(as de�ined in Rule 501(a) of Regulation D promulgated under the Securities Act of
1933) and quali�ied clients (as de�ined in Rule 205-3 promulgated under the
Investment Advisers Act of 1940). Quali�ied purchasers, which are subject to more
stringent eligibility requirements, may also invest in the Firm’s Private Funds.

Offers and sales of interests in private funds managed by the Firm are exempt from
registration under the Securities Act of 1933. Such offers and sales are typically made
in reliance on Rule 506 of Regulation D promulgated under Section 4(a)(2) of the
Securities Act of 1933. For avoidance of doubt, the Firm’s clients are our Private Fund
Clients and not the investors in those Private Fund Clients. The Firm does not offer
advisory services directly to any Retail Investors as that term is de�ined by the SEC.