CaaS Capital Management LP

Item 5: Fees and Compensation

The fees applicable to each of the Funds are set forth in detail in the corresponding Offering
Documents. A brief summary of such fees is provided below.

Management Fee

The fees in this section refer to the Private Funds management fees. CaaS Capital is paid an
investment management fee (“Management Fee”) ranging from 1% to 1.5% per annum of the
net asset value of the applicable Fund. The Management Fee is paid at the beginning of each
month in advance based on the applicable Fund’s net asset value on the first day of such
month.

Generally, the Management Fee is not negotiable. However, CaaS Capital in its sole discretion,
may waive, reduce or modify the Management Fee at any time, without notice to or consent
from any Fund (or underlying Investor in such Fund). As noted previously, CaaS Capital charges
no Management Fees to current investors in the China Fund or the SPAC Fund.

Pursuant to the terms of the applicable investment advisory agreement, if the investment
advisory relationship is terminated (or funds are withdrawn or redeemed) as of any date other
than the last business day of the applicable payment period, we typically charge a prorated
Management Fee based on the ratio that the number of days for which investment advisory
services were rendered bears to the total number of days in that payment period, and we
return any unearned fees to the Client or underlying Investor.

Item 7: Types of Clients

Our clients are the Funds, as described in Item 4 above, and the Funds are generally open to,
among others, institutions, funds of funds, pension plans, foundations, endowments, high net-
worth individuals, financially sophisticated individuals, and other sophisticated investors.

Generally, the minimum initial investment in the Funds is $3 million. However, the Fund
General Partner and/ or CaaS Capital, as applicable, may, in its sole discretion, accept smaller
initial investments.