DA Capital LLC

Fees and Compensation
Funds
DA Capital charges a management fee (the “Management Fee”) consisting of a percentage of assets under
management and/or a performance allocation or fee consisting of a percentage of realized and unrealized
profits to each Fund.

The Management Fee for the Funds is generally equal to one-twelfth of up to 1.0% of the capital account
balance of each limited partner of the Funds or one-twelfth of up to 1.0% of the net asset value of the
Offshore Funds as of the end of each calendar month subject to certain adjustments. Fees are payable
quarterly within 30 business days after each quarter end. A pro-rated Management Fee shall be due upon
the withdrawal or distribution of any interests in a Fund or upon the redemption or distribution of any shares
of an Offshore Fund before the last day of any calendar month based upon the number of days elapsed in
such month.

The general partner of each Fund is entitled to an annual performance allocation (the “Performance
Allocation”), which is calculated and charged separately with respect to the capital account of each limited
partner, generally equal to 10% - 20% of the amount by which the net profits allocated to the limited partner's
capital account for the current year exceeds the net losses, if any, allocated to a limited partner's account
during the immediately preceding year. DA Capital or an affiliate is entitled to receive from the Offshore
Funds an annual performance fee (the “Performance Fee”) generally representing 10% - 20% of the net
profit earned during each calendar year with respect to each outstanding share.
DA Capital may, in its sole discretion, waive all or a portion of the Management Fee or Performance
Fee/Allocation or, as agreed to by the investor, charge a Management Fee or Performance Fee/Allocation
that is lower or higher than, or otherwise on different terms than, those described above. The criteria upon
which DA Capital may base its decision to charge a different fee include, without limitation, anticipated
future earning capacity or anticipated future additional assets. Without limiting the foregoing, DA Capital
may waive fees or charge lower fees to its members, employees, affiliates and their family members. DA

Capital is not charging the original investors in the Suspended Funds a Performance Fee.

A more complete description of the fees to be paid to DA Capital in connection with an investment in a
Fund is available in the private placement memorandum and other related documents of such Fund, which
are made available to each prospective investor before, or by the time of, any investment in the Fund. The
foregoing description of a Fund’s fees is qualified in its entirety by reference to such documents.
Asian Fund
Under the sub-advisory agreement with the Asian Fund, DA Capital receives a percentage of proceeds on
disposition of assets less certain expenses.

Valuation and the Computation of Management Fees and Performance Allocations
Securities and other traded instruments and contracts generally will be marked to market and valued based
on quotations from third party pricing sources. In the case of any position for which such a quotation is not
available or is determined by DA Capital to be unreliable or inadequately representing the value of particular
assets, valuations will be based on valuation data obtained from one or more external pricing sources,
including broker dealers selected by DA Capital, or will reflect DA Capital’s good faith determination of
fair value based on other factors considered relevant. If alternative valuation methodologies are used, they
are set forth in the offering documents. Management Fees and Performance Allocations are assessed based
upon fair valuations assigned by DA Capital.

Other Fees
In addition to management fees, performance based fees and other fees, investors will bear indirectly the
fees and expenses charged to the Clients. Those fees and expenses will vary by Client, but typically will
include, among other things, fees associated with the selection, acquisition, holding and disposition of
investments, research and analytics, legal, accounting, auditing, consulting, valuation and pricing and
expenses arising out of borrowings, systems expenses and travel costs associated with diligencing
investments.

Performance Based Fees and Side-by-Side Management
As stated in the Fees and Compensation section above, DA Capital charges performance based fees which
are fees based on a share of capital gains on or capital appreciation of the Client’s assets. However, as
described above, performance based fees may be accepted from different Clients at different rates. The
variation of performance based fee structures among the Clients may create an incentive for DA Capital to
direct the best investment ideas to, or to allocate or sequence trades in favor of, clients that pay or allocate

Types of Clients
DA Capital provides investment advisory services to the Clients, based on the particular investment
objectives and policies of each as described in its governing documents. The Adviser may in its discretion
manage other funds or accounts with different objectives, higher or lower fees, and different fee structures
than the Clients.

DA Capital does not currently manage individual separately managed accounts for clients. With respect to
investments in the Funds, DA Capital generally requires investors to complete and submit a subscription
agreement that requires, among other things, that the investor qualifies as a “qualified purchaser” or a
“qualified client” as applicable. As a condition for starting and maintaining a relationship, the Adviser
generally imposes a minimum portfolio size ranging from $250,000 to $5,000,000 and imposes a minimum
initial investment ranging from $250,000 to $5,000,000 for any Fund. The Adviser, in its sole discretion,
may accept clients with smaller portfolios based upon certain criteria including, but not limited to,
anticipated future earning capacity or anticipated future additional assets, the nature of the prospective
client, or pre-existing relationships. The Adviser may aggregate the portfolios of family members and
affiliated entities to meet the minimum portfolio size.

Methods of Analysis, Investment Strategies and Risk of Loss
DA Capital follows a wide range of investment strategies for the purpose of seeking to achieve their
investment objectives.

DA Capital’s investment process starts with thorough due diligence, emphasizing credit and security
selection. DA Capital augments the intensive credit analysis with market technical information obtained
through other portfolio management activities, including managing the Funds. DA Capital’s investment
process is driven by a research team comprised of seasoned credit analysts who recommend an investment
after in-depth analysis of competitive position, stability of cash flows, business model strength and asset
valuation.

With respect to the Asian Fund, DA Capital is not making new investments and capital is being returned to
the investor as investments are monetized. DA Capital’s investment professionals continuously seek to
identify and capitalize on opportunities to sell the securities at the most opportune price levels.

With respect to Amboy, DA Capital’s investment objective is to maximize risk-adjusted returns by
fundamental value and special situation investing across the capital structure of publicly traded companies
and in certain debt instruments issued by non-reporting issuers.

With respect to the Staple Street Global Fund, DA Capital leverages off its international investment
experience and focuses on managing client capital by seeking superior medium and long-term risk-adjusted
returns by investing across credit and equity products. DA Capital intends to capitalize on its team’s
experience and ability in assessing and pricing risk in the credit, equity and other markets by investing
across a spectrum of credit and equity investment products, with a value investment strategy.

With respect to the Venezuela Partnership, DA Capital’s investment objective is to generate attractive
risk-adjusted returns by investing in Venezuelan government and corporate U.S. and non-U.S. dollar
major market currency denominated debt securities.

With respect to DARV and MPRV, DA Capital’s investment objective is to generate attractive returns
trading primarily bank loan new issues positions held on a short term basis.

The descriptions provided above are brief overviews of the investment strategies and are not intended to be
complete. All investing involves a risk of loss and the investment strategies offered by DA Capital could
lose money over short or even long periods. Performance could be hurt by a number of different market
risks including but not limited to:

Dependence on the Investment Manager. The success of the Funds are largely dependent upon the Adviser
and there can be no assurance that the Adviser or the individuals employed by the Adviser will remain willing
or able to provide advice to the Funds or that trading on this advice by the Adviser will be profitable in the
future.

Illiquidity, Transfers and Redemptions. The Funds’ shares may be highly illiquid and not transferable
without the approval of the Funds. There may be no secondary market for the shares, and consequently,
Shareholders may not be able to dispose of them.

Business Risk. The companies in which the Funds invest may involve a high degree of business and financial
risk. These companies, in some cases, may have significant variations in operating results, may be engaged
in a rapidly changing business environment with products subject to a substantial risk of obsolescence, may
require significant additional capital to support their operations, or may otherwise have a weak financial
condition. Shareholders are subject to the risk of loss of all or substantially all of their investment in the
Funds.

Availability of Suitable Investment Opportunities. The Funds compete with other potential investors to
acquire interests in its targeted investments. Certain of the Funds’ competitors may have greater financial
and other resources and may have better access to suitable investment opportunities.

Leverage of Portfolio Companies. Because the Funds’ investments may include securities of companies
with leveraged capital structures, such investments will be subject to increased exposure to adverse
economic factors such as an increase in interest rates, a downturn in the economy or further deterioration in
the economic conditions of such company or its industry.

Financial Leverage. The Funds may use financial leverage, which includes, but is not limited to, buying
securities on margin, direct borrowings from banks or prime brokers, the use of reverse repurchase agreements,
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