Caius Capital US LP

Item 5. Fees and Compensation

In consideration for Caius Capital US providing sub-advisory services to Caius Capital LLP in relation to
private investment funds and separately managed accounts advised by Caius Capital LLP, Caius Capital US
is entitled to an annual remuneration paid by Caius Capital LLP or its affiliates. The amount of such
remuneration is subject to negotiation, but will equal or exceed Caius Capital US’s expenses plus a market
based margin.

Caius Capital Master Fund Information

Caius Capital US provides non-discretionary investment advisory services as sub adviser 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 US and its affiliates, 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, affiliates of Caius Capital US charge 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 US provides non-discretionary investment advisory services as a sub-adviser to the Master
Fund and SMAs, as well as the newly launched, but 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.

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.