CZ Capital LLP

Item 5: Fees and Compensation

The Enhanced Feeder Fund is charged a monthly management fee at an annual rate ranging
from 2% to 1.75% of the net assets of the Fund (before deduction of the management fee
and any accrued performance fee). Management fees are charged each month in arrears
based on the market value of the assets in the Fund’s accounts.
Fees are deducted from the Fund’s account by instructing the Fund’s custodian. The manager
does not have the sole authority to initiate and pay itself fees. The Fund shall pay for their
organizational and initial offering expenses as well as for their operating expenses, including

but not limited to, auditing, administration, and trading costs. The Fund may incur brokerage
and other transaction costs. For further details on the Firm’s brokerage practices refer to
Item 12 of this Brochure.
An administration fee is also charged at a rate ranging from 0.07% to 0.09% based on asset
values, and a sales fee of up to 2.5% may be payable to the extent that fees/expenses of
intermediaries need to be met. The sales fee may be waived at the discretion of the Directors
of the Feeder Fund.
The Client Accounts are charged a monthly management fee for the investment
management services provided by the Firm.

Item 7: Types of Clients

The Firm’s Clients are the Fund, CZ UCITS Fund and the Client Accounts. Investors in the Fund
and the CZ UCITS Fund and the Client Accounts consist primarily of institutional investors. CZ
relies on a 3(c)(7) exemption, and as such investors must meet the requirements for a
“qualified purchaser” under the Investment Company Act of 1940, as amended (the
“Investment Company Act”).
The minimum initial subscription in the Feeder Fund is $100,000. The Directors of the Feeder
Fund have the discretion to determine the minimum subsequent investment on a case by
case basis.