Core Investment Advisors LLC

Item 5 - Fees and Compensation

A. Our fees and compensation are described in the advisory contracts we enter into with our
clients. We receive a management fee for investment management services rendered to the
Funds. All of Core Investment Advisors’ fees are determined on an individual basis and vary
based on the value of assets under management.

B. Core Investment Advisors retains discretion regarding when such fees be payable on an
individual basis. Our investment management fees vary based on the value of assets under
management.

C. Fees to be borne by the clients are specifically outlined in each client’s offering and governing
documents. Clients that are private investment funds generally bear (i) all expenses associated
with the organization and ongoing administration of such private investment funds, including
legal and accounting fees, (ii) all expenses incurred in connection with communications with
investors and the ongoing offer and sale of interests in the private investment funds, (iii) all third
party administration, accounting, tax preparation, audit, bookkeeping, governmental fees and
taxes and legal and compliance fees and expenses of, or relating to, the private investment funds,
(iv) all expenses incurred for the benefit of the private investment funds related to the
maintenance and procurement of information technology and data related services, systems and
equipment, valuation services, proxy voting services and insurance, (v) all direct and incidental
expenses relating to research and due diligence of existing and potential investments (including,
without limitation, the use of consultants and attorneys) and research materials, and (vi) all
trading and investment related costs and expenses (e.g., brokerage commissions, margin interest,
expenses related to short sales, custodial fees and clearing and settlement charges). (See Item 12
“Brokerage Practices” for more information.)

D. Management fees are paid monthly in arrears and are reduced on a pro rata basis (based on
the actual number of days remaining in such month) if the advisory contract is cancelled prior to
the end of a payment period.

E. Not applicable.

Core Investment Advisors LLC Form ADV: Part 2A                                        Page 7

Item 7 - Types of Clients

We provide investment advice to private investment funds. Investors in such private investment
funds are high net worth individuals and institutional investors that qualify as “accredited
investors” (as defined in Rule 501 under the Securities Act of 1933, as amended) and “qualified
purchasers” (as defined under the 1940 Act). The minimum investment in the private investment
funds is $500,000, subject to the discretion of the General Partner to accept a lesser amount.

Core Investment Advisors LLC Form ADV: Part 2A                                              Page 9