Coast Capital Management LP

Item 5: Fees and Compensation

Funds

Coast acts as investment adviser to the Funds and is compensated for its advisory services by
charging a fee that is based on a percentage of assets under management. The General
Partner of a Fund also may charge a fee that is based upon the performance of the Fund. For
a full description of the fees and compensation for any Fund, please refer to that Fund’s
confidential private placement memorandum.

Commissions and Other Charges

Coast’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses which may be incurred by an account. Account’s may incur certain charges
imposed by custodians, brokers and other third parties. Mutual funds and exchange traded
funds which may be purchased by Coast also charge internal management fees which are
disclosed in a fund’s prospectus. These third-party charges, fees and commissions are
exclusive of, and in addition to, Coast’s fee. Please see the section “Brokerage Practices” for
additional information about the factors that Coast considers in selecting or recommending
broker-dealers for client transactions and determining the reasonableness of their
compensation (e.g., commissions).

Coast Capital Management, LP                                                Form ADV Part 2A

Billing and Payment

The Firm may change its fee structure at any time. All invoices are due promptly upon receipt.

Management fees and performance allocations of a Fund will be deducted from the assets
of the Fund.

Fees are normally charged on the first day of each month and are paid in advance based on
the Funds net asset value on the first day of the quarter.

Fees for partial quarters will be calculated on a pro-rata basis.

Coast, in its sole discretion, may waive or modify fees for any Investor.

Fee Schedule and Minimum Account Size

Funds:

    Name of Entity          Base Fee, Based on Assets        Performance     Minimum Account Size
                              Under Management                   Fee?
                                    (“AUM”)

                                                                               Minimum account
                                                                                sizes range from
                                Series A/D   Closed
                                                                                 $1,000,000 to
                                Series B/E   1.50%
     Engaged Fund                                                   Yes       $25,000,000, please
                                Series C/F   1.75%
                                                                             refer to the Governing
                                Series I     1.50%
                                                                               Documents of the
                                                                                  specific series

                                  Series A/C 2.0%
      Midas Fund                                                    Yes            $1,000,000
                                 Series B/D 1.45%

A more detailed description of fees applicable to each Fund are set forth in detail in each
Fund’s Private Placement Memorandum.

Other Types of Fees or Expenses

Coast Capital and the General Partner of the Funds are authorized to incur and pay in the
name and on behalf of the Fund all expenses which they deem necessary or advisable.

Coast is responsible for and shall pay, or cause to be paid, all of their own ordinary
administrative and overhead expenses, including, without limitation, all costs and expenses
related to rent, salaries, office equipment, computer equipment, supplies, wages, bonuses,
and other employee benefits.

The Fund bears all other expenses, which include the following expenses incurred by or
allocable to the Funds: legal, accounting, bookkeeping, tax compliance, auditing, consulting
and other professional expenses, including those of valuation firms; administration fees and

Coast Capital Management, LP                                                   Form ADV Part 2A

other expenses charged by or relating to the services of third-party providers of administration
services; any exchange fees subject to offset by any “maker-taker fees” rebated by such
exchange; fees payable to sub-advisors (if we determine that such an arrangement represents
the best way to access a particular investment opportunity or a difficult to access market or
otherwise makes available specialized investment expertise to the Fund); fees and expenses
(including travel expenses) related to research, market data and the due diligence, analysis,
purchase or sale of investments, whether or not the investments are consummated; interest
and fees (including commitment, structuring and underwriting fees) on margin loans,
committed loan facilities, total return swaps and other indebtedness; bank service, custodial
and similar fees; expenses related to the purchase, monitoring, sale, settlement, custody or
transfer of Fund assets (directly or through trading affiliates); expenses associated with activist
investment activities (including public relations, tender offer, and proxy solicitation, as well as
fees and expenses related to filings under applicable law); third party and out-of-pocket fees
and expenses relating to systems and software used in connection with the operation of the
Fund and investment related activities (including any accounting, risk management, trading
and administrator-like functions, and adviser and fund compliance that we perform in-house);
expenses related to the investment of the Fund’s assets, including but not limited to brokerage
commissions, expenses relating to short sales, clearing and settlement charges, hedging
expenses, dividend expenses and ticket charges; expenses related to the formation,
...

types of clients:

    •   The Funds
    •   Foundations and Endowments
    •   Pension and profit-sharing plans
    •   Trusts, estates, or charitable organizations
    •   Corporations and other business entities
    •   Insurance companies
    •   Other investment advisers
    •   Family Offices
    •   High net worth individuals