Cove View Investment Partners LLC

Item 5. Fees and Compensation

The fees applicable to a Fund are set forth in detail in its respective Offering Documents. A brief summary
of such fees is provided below.

The Cove View Funds

The Master Fund will pay the Adviser a monthly fee calculated at an annual rate of 1.5% of each Common
Share 1 (including in respect of any related Designated Share) (the “Management Fee”). The Management
Fee will be: (i) paid monthly in advance, based on the value of each Common Share as of the first Business
Day of each month; (ii) adjusted for subscriptions and redemptions made during a month; and (iii)
calculated without accrual of the Incentive Allocation, if any. To the extent the Adviser receives the
Management Fee at the Master Fund level, no management fee will be paid at the Fund level.

    All defined terms in this Brochure are explained within the respective Offering Documents.

The Adviser will also receive a performance-based allocation (the “Incentive Allocation”), which represents
compensation based on a share of the capital gains, income, or capital appreciation of a Limited Partner’s
Capital Account. The Incentive Allocation is subject to a 6% annual, compounding Hurdle Rate, adjusted for
contributions, withdrawals, reductions used to fund Designated Investments, and increases resulting from
full or partial realizations during the year, and is also subject to a highwater mark.

Generally, the Management Fee and Performance Allocation are not negotiable. However, Cove View may,
in its sole discretion, waive, reduce, or modify the Management Fee and Performance Allocation at any
time.

Other types of Fees and Expenses

Expenses are divided between Fund-related expenses borne by the Fund (collectively, “Fund Expenses”) and
Adviser-related expenses borne by the Adviser (collectively, “Adviser Expenses”). Fund Expenses are divided
into two categories: Fund Operating Expenses and Organizational Expenses (as defined below).

Fund Operating Expenses

The Fund will bear all expenses relating to its ongoing structure and operation (either directly or indirectly
by reimbursing the Fund’s general partner (the “General Partner”) or the Adviser for amounts incurred by
either of them on behalf of the Fund), including: the Management Fee; all investment-related costs and
expenses (i.e., expenses that, in the Adviser’s sole discretion, are related to the investment of the Fund’s
assets, whether or not such investments are consummated), including commissions and charges, interest on
margin accounts and other indebtedness, expenses relating to short sales, clearing and settlement charges,
option premiums and custodial and service fees, research-related expenses (including research-related
travel expenses) and expenses relating to consultants, attorneys, brokers or other professionals or advisors
who provide research, advice or due diligence services with regard to investments; fees and expenses related
to portfolio exposure and performance management systems, risk management services and software
related to trade reconciliation, treasury, margin, financial and counterparty management, risk monitoring,
performance reporting, valuation quotation services (e.g., historical and live financial data and other similar
services and data feeds) and trade order management systems (including systems that facilitate trade
compliance, commission management, stock locates and transaction cost analysis, and third party service
providers used for implementation, custom reporting, updates, consultations, support, maintenance,
monitoring and data extracts); the Fund’s legal, accounting, tax preparation and other tax-related expenses
(including preparation and mailing costs of financial statements, tax returns and other reports to Limited
Partners), auditing, consulting and other professional expenses; third-party administration costs, fees and
expenses (including any costs, fees and expenses related to investor communications, relations, reporting or
other investor materials, performance information, data extraction and other types of reporting and any
audit or accounting services provided by a third-party administrator); fees and expenses of the Advisory
Committee (as defined below); compliance and reporting expenses and expenses attributable to regulatory
filings that are made with respect to the Fund or its assets (including Section 13, Section 16, Form D, Form
PF, the Foreign Account Tax Compliance Act, anti-money laundering compliance, state security filings,
general regulatory compliance and non-U.S. position reporting filings, if applicable, and any other non-U.S.
filings); the Fund’s pro rata share of Fund-related insurance costs (including the Fund’s pro rata portion of
director’s and officer’s insurance, errors and omissions insurance, fidelity insurance and other similar policies
covering the General Partner and/or the Adviser); any taxes (including, without limitation, any withholding
taxes, transfer taxes, stamp duties and other governmental or self-regulatory agency-related charges or
duties); all costs and expenses incurred in attempting to protect and enhance the value of a Fund investment

(including any fees and expenses associated with any pending or threatened litigation, audit, investigation,
administrative or other proceeding, as well as any settlement costs); fees and expenses related to any
activist-related activities; any fees and expenses related to the Fund’s liquidation, if applicable; fees paid to
proxy and securities class action advisory firms; expenses relating to the offer and sale of Interests and
withdrawals and transfers thereof; other reasonable expenses related to the purchase, sale, preservation or
transmittal of the Fund’s assets; and any extraordinary expenses (e.g., indemnification expenses).

Any expenses directly attributable to a particular Designated Investment as determined by the General
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Item 7. Types of Clients

 Cove View’s clients consist of the Funds, as described in Item 4. An investment in a Fund is generally
 open to, among others, institutions, pension plans, endowments, high net-worth individuals,
 financially sophisticated individuals, and other sophisticated investors.

 The Fund’s minimum investment amount is $1,000,000, subject to change or waiver in the sole discretion
 of the General Partner.