BeaconLight Capital LLC

Item 5: Fees and Compensation

BeaconLight receives fees for investment management services based on the net assets of the
BeaconLight Funds, as disclosed in each BeaconLight Fund’s Governing Documents. An annual
management fee of 1.25%, 1.5% or 2.0%, based on the liquidity of the investor’s share class or series,
is calculated and payable quarterly in advance. BeaconLight or its affiliate is also entitled to an incentive
allocation from certain of its Clients that ranges from 10% to 20% of the annual net profits allocable
to an investor’s capital account, subject to a high water mark limitation. Specific incentive allocation
rates for each Fund are set forth in the governing documents of the relevant Fund. While the
management fee and incentive allocation are generally not negotiable, BeaconLight or its affiliate has
and in the future may waive or reduce the management fee or the incentive allocation, as applicable,
to be paid by Investors that are members, principals, employees, or affiliates of BeaconLight, relatives
of such persons and certain large or strategic investors. If the Firm’s investment management
agreement with a BeaconLight Fund is terminated before the end of the quarter, the management fee
will be prorated to reflect that portion of such quarter for which investment advisory services were
provided.

Fees are deducted from the Investors’ accounts after confirmation by the relevant Client’s
administrator, and by instructing the relevant Client’s custodian or prime broker.

The Funds shall pay for their operating expenses, as described in detail in the Governing Documents.
Please review the Governing Documents for each Fund for a detailed description of expenses such
Fund will bear. Generally, Funds will pay for their own expenses including, but not limited to, all
accounting, auditing, tax preparation, legal, trading costs, administration including certain regulatory
filings relating to the Funds and their investments (such as Form PF), and certain research. Future
fund clients will also pay for their organizational and initial offering expenses. The Funds will incur
brokerage and other transaction costs. For further details on the Firm’s brokerage practices, refer to
Item 12 of this Brochure.

The allocation of expenses by BeaconLight between it and the Funds represents a conflict of interest
for BeaconLight. BeaconLight has adopted an expense allocation policy that is designed to address
this conflict. BeaconLight allocates expenses to the Funds in accordance with the Governing
Documents.

The Subadvised Fund and any separately managed accounts that we may manage will be charged fees
on a case-by-case basis, which may include management fees and/or performance-based compensation.
The expenses that are charged to the Subadvised Fund and any separately managed accounts that we
may manage are negotiated on a case-by-case basis. The Subadvised Fund has a cap on certain research-
related expenses. Any amount above this cap that would otherwise be allocated to the Subadvised
Fund will instead be allocated to and paid by BeaconLight. The Funds will not pay any expense on
behalf of the Subadvised Fund.

BeaconLight does not accept compensation, including sales charges or service fees, from any person
for the sale of securities or other investment products.

The Funds have and may in the future enter into additional agreements (“Side Letters”) with certain
prospective or existing Investors whereby such Investors may be subject to terms and conditions that
are more advantageous than those set forth in the Funds’ Governing Documents. For example, such
terms and conditions may provide for special rights to make future investments in the Funds, other
investment vehicles or managed accounts; special redemption/withdrawal rights relating to frequency
or notice; a reduction or rebate in fees or redemption fees to be paid by the Investor and/or other
terms; rights to receive reports from the Funds on a more frequent basis or that include information
not provided to other Investors (including, without limitation, more detailed information regarding
portfolio positions); or different liability standards and such other rights as may be negotiated by the

Fund and such Investor. The modifications are solely at the discretion of the General Partner and
may, among other things, be based on the size of the Investor’s investment in the Funds or affiliated
investment entity, an agreement by an Investor to maintain such investment in the Funds for a
significant period of time, or other similar commitment by an Investor to the Funds.

Item 7: Types of Clients

We primarily provide investment advice to Clients who are private investment funds. Investors in
such private investment funds may at any time include one or more of the following: high net worth
individuals, family offices, funds of hedge funds, endowments, foundations, trusts, charitable
organizations, pension plans, and corporate or business entities that generally qualify as “accredited
investors” (as defined in Rule 501 under the Securities Act of 1933, as amended (“Securities Act”))
and “qualified purchasers” (as defined in Section 2(a)(51) of the Investment Company Act.

The Funds generally have a minimum initial investment amount of $1,000,000, subject to reduction at
the discretion of the Offshore Feeder Fund or, in the case of the Domestic Feeder Fund and the SPV,
the General Partner. We will determine the minimum investment amount (and any other conditions
for opening and maintaining an account) for other clients, including any separately managed accounts,
on a case-by-case basis.