Dai Asset Management LLC

ITEM 5 – FEES AND COMPENSATION

5.A. and B. Description of compensation and fee payments

The fee schedules for the Private Investment Funds vary and are described in detail in each
respective Private Investment Fund’s offering memorandum, limited partnership agreement or
other governing document (as applicable). A summary of the fee schedules is:

MV-EDF

Management Fee: MicroVest is entitled to a monthly management fee of 1.00% per annum
of the value of the total assets of MV-EDF Master, as of the first business day of each month.
The management fee will be paid monthly in advance, within 10 days of the first business day
of the month and will be prorated for periods less than a full month.

Payments to MV-EDF GP: MV-EDF GP is entitled to an annual allocation equal to 15% of the
net profit attributable to each ownership interest in MV-EDF LP and MV-EDF Cayman (i.e.,
the feeder funds) in excess of a hurdle rate. This incentive allocation is payable when such
ownership interest has recovered all prior net losses allocated to the interest, which have not
been subsequently offset by the allocated net profits.

MV-SD

Management Fee: MicroVest is generally entitled to a management fee of 1.50% of each
investor’s capital account calculated as of the last business day of the month. However, if, as of
the last day of the applicable month, an investor has aggregate investments in MV-SD and any
other private investments funds that meet a certain threshold, such investors will be charged a
reduced management fee of 1.40% to 1.45%. Management fees are paid monthly in arrears.

AAF

 MicroVest is no longer entitled to any fees in this account, which is in the process of liquidation
 and closure.

It is critical that investors refer to the relevant confidential private offering memorandum,
explanatory memorandum, and other governing documents for a complete understanding
of how MicroVest is compensated. The information contained herein is a summary only
and is qualified in its entirety by such documents.

MicroVest Firm Brochure
March 31, 2026

5.C.Description of other fees or expenses

In addition to the fees described above, Private Investment Funds (and therefore Private
Investment Fund investors) will also be subject to other costs and expenses related to such
Private Investment Fund’s activities. Such costs and expenses may include:

   •   Accounting fees, legal fees, custodial expenses, auditing expenses, appraisal expenses,
       and other reasonable costs and expenses that are incurred in the operation of the Private
       Investment Funds.
   •   Fees, costs, and expenses relating to investments, including the acquisition, holding and
       disposition thereof, including travel-related expenses, and expenses related to organizing
       and maintaining entities through or in which investments will be made, including fees and
       expenses of the specified agent.
   •   Reasonable premiums for insurance protecting the Private Investment Funds, the GPs,
       any of its affiliates, and any of their respective officers, directors, members, partners,
       employees, and agents from liabilities to third persons in connection with the Private
       Investment Funds’ affairs.
   •   Taxes or other governmental charges payable by or on behalf of the Private Investment
       Funds.
   •   Costs of reporting to the investors.
   •   Costs of winding up and liquidating the Private Investment Funds.

The Private Investment Funds or Accounts may make parallel investments in the same entity
(under the same or different terms), a Private Investment Fund or Account may buy or sell
participations in a transaction to another Private Investment Fund or Account, or two or more
Private Investment Funds or Accounts may participate in a syndicated transaction, all subject to
the approval of the respective Investment Committee(s) as relevant. In the case of parallel loans,
participations or syndications, investment related costs, expenses or fees are generally allocated
pro rata to the amount invested by each of the Private Investment Funds and/or Accounts involved
in the transaction, except for participation which are entered into more than two months after the
original transaction date, in which case expenses incurred and fees earned at or prior to the date
of the original transaction are allocated only to the Private Investment Funds or Accounts which
undertook the original transaction.

In addition, purchase and sale transactions (including swaps) may be effected between the Private
Investment Funds and the Accounts subject to the following guidelines: (i) such transactions shall
be effected for cash consideration at the current market price of the securities, and (ii) no
extraordinary brokerage commissions or fees (i.e., except for customary transfer fees or
commissions) or other remuneration shall be paid in connection with any such transaction.

5.D.Payment of fees in advance

MV-EDF pays management fees monthly in advance.

For MV-SDF, MicroVest is generally entitled to a management fee of 1.50% of each investor’s
capital account calculated as of the last business day of the month. However, if, as of the last day
of the applicable month, an investor has aggregate investments in MV-SD and any other private
investment funds that meet a certain threshold, such investors will be charged a reduced
management fee of 1.40% to 1.45%. Management fees are paid monthly in arrears.

None of the other Advisory Clients pay fees in advance.

MicroVest Firm Brochure
March 31, 2026

5.E.Compensation for sales of securities

MicroVest supervised persons do not accept any compensation for sale of securities or other
investment products.

MicroVest Firm Brochure
March 31, 2026

ITEM 7 – TYPES OF CLIENTS

MicroVest provides investment advisory services to pooled investment vehicles operating as
private investment funds and separately managed accounts, which may include advisory contracts
with other clients.

Each investor in the Private Investment Funds must meet certain eligibility provisions.
Interests/shares in MV-SD and MV-EDF are generally offered to U.S. Investors who are (i)
accredited investors within the meaning of Regulation D of the Securities Act of 1933, as amended
(“Accredited Investors”) and (ii) Qualified Purchasers within the meaning of Section 2(a)(51) of the
Investment Company Act of 1940, as amended (“Qualified Purchasers”); and are also offered to
non-U.S. Investors.

Subscriptions in MV-SD are subject to a minimum investment of $500,000 and $100,000 for any
additional investment per investor. Subscriptions in MV-EDF were subject to a minimum
investment of $250,000 and $100,000 for any additional investment per investor, but the fund is no
longer accepting new subscriptions. The GPs may waive such minimum requirements in their sole
discretion.

In the case of MV-SD, the GP SD may, in its discretion, prohibit a partial withdrawal/redemption
with respect to an investor unless the remaining value of the investor’s capital account is greater
than $100,000.

In the case of MV-EDF, the GP EDF may, in its discretion, prohibit a partial withdrawal/redemption
with respect to an investor unless the remaining value of the investor’s capital account is greater
than the initial capital contribution or $250,000.

The Accounts are subject to different terms and fees than the Private Investment Funds. Such fee
arrangements and terms are individually negotiated. It should be noted that any Account
relationships are generally subject to significant account minimums.

MicroVest Firm Brochure
March 31, 2026