CH Global Capital Management LLC

Item 5. Fees and Compensation

CH Global’s management fees vary depending upon factors such as, among others, the type of account, the
asset classes being managed, the amount of assets being managed and the investment strategies being
employed by CH Global.

With regard to separately managed accounts, CH Global’s management fees are generally charged as a
fixed fee. The amount of this fixed fee will generally approximate a specific annual percentage of the
client’s assets under management. This percentage typically starts at 0.45% but may be less in certain cases,
depending upon the amount of the client’s assets, the types of securities and investment strategies being
recommended, and whether CH Global or third-party managers are directly managing all or a portion of
the assets of the account. The fixed fee is either payable quarterly or semi-annually in arrears or in advance.
CH Global has the discretion to modify the terms of the management fee it may charge to any client,
including the frequency and amount of any fees charged. In certain cases, CH Global may alternatively
charge separately managed accounts a fee as a percentage of assets under management, which also will
typically be no higher than 0.45% per annum.

Fees charged to separately managed accounts must first be authorized by the respective client and then are
payable directly to CH Global. CH Global does not have authority to debit its advisory fees from client
accounts held at Custodian Banks. The amount of the management fee is typically pro-rated for periods of
less than a full billing period.

In managing the Fund (and any other private fund), CH Global charges a management fee and will generally
also be eligible to receive an incentive or performance fee. Please see Item 6 for more information regarding
performance fees.

CH Global’s management fees are exclusive of any fees and/or expenses charged by third parties, including
but not limited to Custodian Banks or fund managers. Such third-party fees and/or expenses may include
custodial fees, brokerage commissions, transaction fees, third-party investment management fees, deferred
sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and
taxes on brokerage accounts and securities transactions. Mutual funds, exchange traded funds and private
investment funds (e.g., private equity and hedge funds) are subject to their own respective expenses and
also charge management fees, which are disclosed in the respective investment fund offering
documentation. In addition, private investment funds, whether or not advised by CH Global affiliates may
charge performance based fees. Further information regarding the fees, costs and expenses incurred by
funds advised by CH Global affiliates can be found in the respective fund’s offering documents. Such
charges, fees and commissions are exclusive of and in addition to the management fee paid to CH Global.
CH Global does not typically receive any portion of these commissions, fees and costs. Clients have the
option to purchase certain securities and funds that CH Global recommends through other firms or agents
that are not affiliated with CH Global.

In certain circumstances CH Global or its affiliates provide advisory or consulting services to investment
funds or their sponsors, and are entitled to receive fees for such services. Such investment funds or sponsors
include funds and sponsors to whom CH Global may allocate its clients’ assets or recommend to its clients.
Please see Items 7 and 10 for more information.

Item 7.         Types of Clients

          A.    Clients

CH Global offers discretionary and non-discretionary investment management and advisory services to
ultra-high net worth individuals and families, as well as business and family-related entities and trusts. CH
Global clients are typically both “accredited investors” as defined in Section 501(a) of Regulation D under
the Securities Act and “qualified purchasers” under the Investment Company Act.

CH Global also advises a private fund that admits investors that are either (i) non-U.S. Persons in offshore
transactions in reliance on Regulation S under the Securities Act, or (ii) both “accredited investors” as
defined in Section 501(a) of Regulation D under the Securities Act and “qualified purchasers” under the
Investment Company Act. The investment minimums and investor eligibility requirements are stated in the
client’s investment advisory agreement, or in the case of the Fund, in the offering materials. CH Global
and/or the respective fund’s general partner have the discretion to waive or modify the investment
minimums, depending on the complexity and nature of the advisory services provided.

          B.    Engaging the Services of CH Global

Clients wishing to engage CH Global for investment advisory services with respect to our Primary Services
or our Additional Services must execute discretionary or non-discretionary investment advisory
agreements, as applicable, with CH Global. The investment advisory agreement will describe the services
and responsibilities of CH Global to the client, and outline CH Global’s fees. Upon completion of these
documents, CH Global will be considered engaged by the client. Clients will be responsible for ensuring
that CH Global is informed in a timely manner of changes in investment objectives, risk tolerance and other
relevant matters.

Clients engaging CH Global for Primary Services may need to complete certain documentation required by
Custodian Banks or third-party fund managers.

In addition, clients investing in private investment funds through our Additional Services must review the
offering documents and execute a subscription agreement or similar document.

          C.    Certain Conflicts

Investors should be aware that potential and actual conflicts of interest may occur between clients, on the
one hand, and CH Global and its affiliates, on the other. Clients should evaluate certain potential conflicts
of interest carefully before engaging CH Global’s services.

CH Global may give advice or take action with respect to the investments of one or more of its clients that
may not be given or taken with respect to other clients with similar investment programs, objectives, and
strategies. Accordingly, clients with similar strategies may not hold the same securities or instruments or
achieve the same performance. CH Global also may advise clients with differing objectives or strategies.
These activities also may adversely affect the prices and availability of other securities or instruments held
by or potentially considered for one or more clients. Such advice, recommendations, and dealings may
result in adverse consequences to a client’s investment portfolio.

The conflicting interests of individual clients may relate to or arise from, among other things, the nature of
investments, the acquisition of investments and the timing of the disposition of investments. As a
consequence, conflicts of interest may arise in connection with decisions made by CH Global, including
with respect to investments that may be more beneficial for one client than for another client, especially

with respect to clients’ individual tax situations. By engaging CH Global, each client will be deemed to
have acknowledged the existence of such actual and potential conflicts of interest.

CH Global provides investment advisory services to a number of clients. Certain clients have investment
programs that are similar to or overlap and may, therefore, participate with each other in investments. It is
the policy of CH Global to allocate investment opportunities for clients fairly and equitably, to the extent
possible, over a period of time. CH Global, however, will have no obligation to purchase, sell or exchange
any security or financial instrument for a client which CH Global may purchase, sell or exchange for another
client if CH Global believes in good faith at the time the investment decision is made that such transaction
or investment would be unsuitable, impractical or undesirable for a particular client.

In certain circumstances, CH Global or its affiliates may provide advisory or consulting services to
investment funds or their sponsors, and will be entitled to receive fees for such services. In addition, CH
Global or its affiliates may own an interest in the general partner of such funds. Such investment funds or
sponsors include funds and sponsors to whom CH Global may allocate its clients’ assets or recommend to
its clients. Currently, CH Global Capital, LLC (“CH Global Capital”), an affiliate of CH Global, provides
advisory and consulting services to certain privately offered investment funds and is compensated for such
services. In addition, CH Global Partners, LLC (“CH Global Partners”), an affiliate of CH Global,
currently owns a non-material interest in the general partner of certain of these funds. These arrangements
present potential conflicts of interest as CH Global may have an incentive to allocate client assets to such
funds. Prospective clients should take such arrangements, and the related potential conflicts of interest, into
account when considering and evaluating any recommendations related to a direct or indirect investment in
the funds to which CH Global Capital provides services. See Item 10 – Other Financial Industry Activity
and Affiliations.