Caius Capital LLP

Item 5. Fees and Compensation

Caius Capital Master Fund Information

Caius Capital provides discretionary investment advisory services to the Master Fund. The Master Fund
currently offers the below share classes to Investors:

    •   Class A Shares, paying a management fee of 1.5% per annum, billed monthly in arrears, and a
        performance fee of 20% per annum, calculated annually and paid in January.
    •   Class B Shares, paying a management fee of 1.5% per annum, billed monthly in arrears, and a
        performance fee of 17.5% per annum subject to a hurdle rate of 3% with a two year rolling lock-
        up, calculated annually and paid in January.

For the avoidance of doubt, the Master Fund has three additional share classes that are not currently
available to new investors: Strategic Shares, which were offered to investors who made a significant

investment in the Master Fund at launch, and pay management and performance fees at a discounted rate;
Management Shares, offered to members of Caius Capital, and do not pay management or performance
fees and Class F Shares which were limited to the first EUR150,000,000 early stage investments in the
Master Fund, paying a management fee of 1.25% per annum, billed monthly in arrears, and a performance
fee of 17.5% per annum, calculated annually and paid in January.

Fund Expenses

The feeder funds will bear their own expenses and a pro-rata share of the Fund expenses. In addition to
the management and performance fees described above, additional fees include, but are not limited to; fund
administrator, fund audit, general corporate legal expenses relating to the governance of the Master Fund,
regulatory expenses of the Master Fund, Directors fees and expenses, legal expenses related to negotiation
of prime brokerage and trading agreements, brokerage commissions, custody fees, borrowing costs, stock
loan fees, investment specific legal, taxation and other professional fees (whether or not such an investment
is entered into), research fees and related costs (whether or not such an investment is entered into),
external valuation and accounting expenses, a portion of the Directors and Officers liability insurance which
indemnifies the directors and officers in the event of a legal action against them, and costs related to the
publication and dissemination of information to investors.

More detailed information about the fees and expenses described above are described in the applicable
governing and offering documents of the Master Fund.

Separately Managed Account Information

Separately managed account clients are charged a management fee as set forth in the applicable investment
management agreement. The fee is billed quarterly in arrears. If additional capital is contributed to the
account or if capital is withdrawn on a date other than the first or last business day of a quarter, the
management fee attributable to such capital for that quarter is pro-rated on a time-weighted basis.

In addition to the management fee, Caius charges a performance fee to the separately managed accounts.
A full description of the management and performance fees for separately managed accounts is set forth in
the applicable investment management agreement.

In all cases, the performance-based fees are assessed on the net realized and unrealized appreciation of the
net asset value of a client or investor’s capital account, subject to a hurdle rate as defined in the respective
account or fund’s governing documents. As such, the performance fee charged may be more than if it was
solely based on realized gains, and clients and investors may pay a fee on gains that are not ultimately realized.

Item 7.         Types of Clients

Caius Capital provides discretionary investment advisory services to the Master Fund and institutional
separately managed accounts, and anticipates providing investment advisory services to the newly launched,
not yet operating, SPC Structure as described in Item 4. Above.

Investors in the Master Fund are generally required to make a minimum initial investment of USD $1 million,
with subsequent minimum increments of USD $100,000. Caius Capital generally requires a minimum
account size for separately managed account assets under management in a range of $25,000,000.

U.S. investors in the Master Fund are typically limited to persons who are “qualified purchasers” as that
term is defined in the Investment Company Act of 1940, and “accredited investors” as that term is defined
in SEC Rule 501(a) under the Securities Act of 1933.