Clarity Capital KCPS Ltd

Item 5 – Fees and Compensation

KCPS Clarity charges its clients a management fee pursuant to a written investment advisory agreement
with each client specifying the exact amount of such fees and the manner in which they will be charged.
Management fees usually are charged based upon a percentage of assets the client has managed by KCPS
Clarity. The standard management fee generally charged to clients is 1.00% per annum.

Limited Negotiability of Management Fees

Although KCPS Clarity has established the aforementioned fees, it retains the discretion to negotiate
alternative fees on a client-by-client basis. Client facts, circumstances and needs will be considered in
determining the fee schedule. These include the complexity of the client relationship, assets to be placed
under management, anticipated future additional assets, related accounts, portfolio style, account
composition, frequency and types of reports, and other factors. The specific annual fee schedule will be
identified in the investment advisory agreement between KCPS Clarity and each client. Discounts, not
generally available to KCPS Clarity’s clients, have been offered to family members and associated persons
of KCPS Clarity and its affiliates and may be offered to the same types of persons in the future.

Our fees are billed either monthly or quarterly, in arrears (as indicated in the client’s investment advisory
agreement), and are based on the market value of the applicable account at the end of the relevant billing
period.

Fees will be debited via the client’s custodian from the applicable client account following calculation and
instruction from the custodian. In situations where a client’s custodian does not permit direct debiting,
KCPS Clarity will bill the client directly for any management fees. Client accounts initiated or terminated
during a fee period will be charged a prorated fee. Upon termination of any account any earned, unpaid fees
will be due and payable.

Termination of the Investment Services Relationship

A client may generally terminate its investment advisory agreement with KCPS Clarity at any time, for any
reason, upon written notice to KCPS Clarity. KCPS Clarity may generally terminate an investment advisory
agreement with a client upon written notice to the client. In certain cases, if a client terminates its investment
advisory agreement with KCPS Clarity prior to the first anniversary of such agreement, such client will
continue to pay us a fee with respect to any illiquid investments that we recommended to such client for up
to one year.

Additional Fees and Expenses

In addition to management fees charged by KCPS Clarity, described above, each client is also responsible
for any management fees and other fees and expenses charged by sub-advisers, custodians and funds
(including the underlying fund’s management and performance fees, if any), including alternative vehicles
and private fund managed by KCPS Clarity’s related persons (“Affiliated Fund”), and charges imposed by
brokers or dealers relating to the client’s account, including, without limitation, any transaction charges
imposed by brokers or dealers in connection with transactions effected by KCPS Clarity, a sub-adviser or
other independent investment manager for the client’s account, all as applicable. KCPS Clarity’s clients pay
such commissions for trades in their accounts. Additional expenses payable by the client include, as
applicable, custodial fees, bank service fees, brokerage commissions and income, clearing and settlement
charges, interest payable with respect to Securities sold short, interest on Account related loans and debits
balances and withholding, transfer or other taxes, and the costs of any outside professionals or consultants
retained in connection with specific positions.

Item 7 – Types of Clients

KCPS Clarity generally provides investment services to the following types of clients:

             •   High net worth individuals
             •   Endowments and foundations
             •   Charitable organizations
             •   Institutional clients
             •   Trusts
             •   Family offices
             •   Corporations or other business entities
             •   Non-U.S. retail clients
KCPS Clarity typically requires a minimum investment of $3,000,000 in connection with opening a new
account. Occasionally, investments of less than $3,000,000 are accepted by KCPS Clarity from “friends
and family” and other investors, as determined by KCPS Clarity in its discretion. Prospective clients should
refer to the terms of KCPS Clarity’s investment advisory agreement for additional qualification
requirements.