Curiam Capital LLC

Item 5: Fees and Compensation
Curiam Capital charges both a management fee and a performance fee. These fees for advisory
services are described in detail in the Curiam Investments 1 LLC Fee Agreement (“CI1 Fee
Agreement”) and the Curiam Investments 1 LLC Agreement (“CI1 LLC Agreement” and together
with the CI1 Fee Agreement, the “CI1 Governing Agreements”); the Curiam Investments 2 LLC
Fee Agreement (“CI2 Fee Agreement”) and the Curiam Investments 2 LLC Agreement (“CI2 LLC
Agreement” and together with the CI2 Fee Agreement, the “CI2 Governing Agreements”); and the
Curiam Investments 4 LLC Fee Agreement (“CI4 Fee Agreement”) and the Curiam Investments 4
LLC Agreement (“CI4 LLC Agreement” and together with the CI4 Fee Agreement, the “CI4
Governing Agreements”). Curiam Investments 1 LLC pays the performance fee and management
fee with funds it receives from Curiam Investments 3 LLC, its wholly-owned subsidiary.

In accordance with the formation documents, Fund investors pay a management fee monthly to
cover the actual expenses that the Manager anticipates that it will incur, subject to an annual budget
that is approved by Fund investors. It is not anticipated that Fund investors would receive a refund
of this monthly management fee. Fees are deducted from Fund investors’ assets in accordance with
the budget and the formation documents. The annual budget includes the following categories of
expenses: recruiting fees, salary and benefits expenses, external legal expenses (not including deal
expenses), miscellaneous (mostly general office expense), database subscriptions, year-end tax and
compliance, fees owned under the services agreement, and marketing. Fund investors do not pay
other types of fees, such as custodian fees and/or mutual fund expenses.

Neither Curiam Capital nor any of its supervised persons accepts compensation (e.g., brokerage
commissions) for the sale of securities or other investment products.

Item 7: Types of Clients
Curiam Capital provides investment advisory services on a discretionary basis solely to the Funds
described in Item 4.