CRCM LP

Item 5. Fees and Compensation

        Institutional Funds

        CRCM is entitled to receive a management fee from the Institutional Master Fund of
approximately 1.5% (on an annualized basis) of the Institutional Master Fund’s net assets. In
addition, CRCM and the affiliates hold a class of shares of the Institutional Master Fund that is
entitled to receive an annual incentive allocation from the Institutional Master Fund. This incentive
allocation is equal to 20% of the net profits, if any, of each Institutional Master Fund shareholder
for the applicable year, subject to a “high water mark” provision.

        Opportunity Funds

        CRCM is entitled to receive a management fee of up to 2% of the aggregate capital
commitments of the Opportunity Fund II limited partners. This management fee declines over the
term of the Opportunity Fund II. In addition, CRCM is entitled to receive carried interest
distributions from the Opportunity Fund II equal to 20% of the distributions received by an
Opportunity Fund II limited partner after that limited partner has received distributions equal to its
aggregate capital contribution.

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        CRCM is entitled to receive a management fee of up to 2% of the aggregate capital
commitments of the Opportunity Fund III limited partners. This management fee declines over
the term of the Opportunity Fund III. In addition, CRCM is entitled to receive carried interest
distributions from the Opportunity Fund III equal to 20% of the distributions received by an
Opportunity Fund III limited partner after that limited partner has received distributions equal to
its aggregate capital contribution.

        The Opportunity GP IV is entitled to receive a management fee of up to 2% of the aggregate
capital commitments of the Opportunity Fund IV limited partners. This management fee declines
over the term of the Opportunity Fund IV. The Opportunity GP IV assigned the Management Fee
to CRCM pursuant to an Investment Management Agreement entered into by the Opportunity
Fund IV, the Opportunity GP IV and CRCM. In addition, the Opportunity GP IV is entitled to
receive carried interest distributions from the Opportunity Fund IV equal to 20% of the
distributions received by an Opportunity Fund IV limited partner after that limited partner has
received distributions equal to its aggregate capital contribution.

         The foregoing fees and allocations may be negotiable in certain circumstances and may be
reduced or waived, including with respect to investors that are employees of CRCM or CRCM’s
affiliates.

        Frontier Technology Fund I

        CRCM is entitled to receive a management fee of up to 2% of the aggregate capital
commitments of the Frontier Technology Fund I limited partners. This management fee declines
over the term of the Frontier Technology Fund I. The Frontier Technology Fund I GP is entitled
to receive carried interest distributions from the Frontier Technology Fund I equal to 20% of the
distributions received by Frontier Technology Fund I limited partner after that limited partner has
received distributions equal to its aggregate capital contribution.

        Fintech Fund

        CRCM is entitled to receive a management fee from the Fintech Fund of 2.0% for Class A
Interests, 1.5% for Class B Interests (except a lower fee is charged for Bitcoin and Ethereum
positions) and 0.25% for Class C Interests (all on an annualized basis) of the Fintech Fund’s net
assets. In addition, CRCM is entitled to receive an incentive allocation equal to 20% of the
distributions received by Fintech Fund limited partners after the limited partner has received
distributions equal to its aggregate capital contribution for Class A and Class B (with a higher
incentive allocation percentage applicable to Class B after a Limited Partner has received 5 times
its aggregate Capital Contributions with respect to Class B Interests). No incentive allocation is
charged to Class C Interests.

        SPAC Fund

        CRCM (or an affiliate) is entitled to receive a management fee from the SPAC Fund of
2.0% (on an annualized basis) of the SPAC Fund’s net assets. In addition, the CRCM is entitled
to receive an incentive allocation equal to 20% of the distributions received by SPAC Fund limited

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partners after the limited partners have received distributions equal to their aggregate capital
contributions.

        SPVs

       With respect to the SPVs, the specific compensation terms are set forth in the relevant
operating agreements. Generally, CRCM or its affiliates may receive a combination of
management fees and an incentive allocation on distributions following a return of an investor’s
aggregate capital contributions to the particular SPV.

        Managed Account Fees

      CRCM may be paid a management fee and/or performance fee or allocation with respect
to a Managed Account in accordance with the terms of the applicable Managed Account
Agreement.

        Other Expenses

         Each Client bears its ongoing expenses, including expenses associated with transactions
(e.g., brokerage commissions and custody expenses), investment (including any direct or indirect
costs of investing in potential investments or maximizing return on existing investments),
consulting, research (including due diligence-related expenses) and statistical services,
administrative, legal (including blue-sky compliance), compliance and accounting expenses
associated with formation and maintenance of investment vehicles, tax preparation, insurance,
audit expenses, any extraordinary expenses (e.g. litigation expenses) and any expenses for services
that the Client requires CRCM to obtain. Clients also pay the fees and expenses of their prime
brokers, futures commission merchants and administrators. Please see Item 12 for a discussion of
CRCM’s brokerage practices.

        The specific manner in which fees are charged by CRCM is established in a Client’s written
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Item 7. Types of Clients

        CRCM currently provides investment advice to the Funds, as discussed in Item 4 above,
and to one or more Managed Account Clients. CRCM may also advise different types of clients
in the future.

       Each investor in the Funds must generally be an “accredited investor” as defined in
Regulation D promulgated under the Securities Act of 1933, as amended, and a “qualified
purchaser” under the 1940 Act. Additional restrictions may apply, and are set forth in the offering
or organizational documents for each Fund.

         The minimum investment in the Fintech Fund, Institutional Onshore Feeder and the
Institutional Offshore Feeder, subject to waiver, is $1,000,000. The minimum capital commitment
to the Opportunity Funds and Frontier Technology Fund I, absent a waiver, is $1,000,000. Fintech
Fund investors of Class A and Class B may not withdraw any portion of their interest referable to
a capital contribution made less than three years prior to the date the withdrawal is to be effective,
and thereafter may withdraw capital on the last business date of each calendar year, excluding
private investments. Absent a waiver, Institutional Fund and Fintech Fund investors may not effect
a partial redemption of their interest or shares in the applicable Fund if, after such redemption,
their investment in the applicable Fund would be less than the required minimum investment.
Because the Opportunity Funds, Frontier Technology Fund I, SPAC Fund, and the SPVs are
closed-end funds, investors may generally not redeem their investment in such Funds.

        The conditions for starting and maintaining a Managed Account will vary with the
circumstances of each Managed Account and be negotiated and set forth on an individual basis in
the relevant Managed Account Agreement.