Dara Capital US Inc

Item 5: Fees and Compensation

  Clients may pay fixed, flat or performance fees to Dara Capital for investment advisory services:

       •    The fixed annual advisory fee usually ranges between 0.6% (60 bps) and 2.0% (200 bps) of the
            Client’s assets under advisement, a minimum fee applies. These fees are determined on a non-
            linear, sliding scale in accordance with the size of the portfolio and may be negotiable;
       •    A flat advisory fee may be negotiated; and
       •    For information on performance–based fees, please see Item 6 Performance-Based Fees and
            Side-by-Side Management.

  Fixed and flat fees are generally payable quarterly in arrears. Dara Capital typically bills the Clients for
  the fees incurred. The Clients may, however, authorize fees to be calculated (or confirmed) and paid
  by Custodians from a Client’s custodial account.

  The investment managers of funds in which a Client invests also usually charge management and
  performance fees and the funds may charge other expenses. Dara Capital does not participate in any
  portion of those fees.

  The Clients may incur transaction fees or commissions from broker-dealers through which investments
  are purchased or sold. Custodians and broker-dealers keep all such fees and commissions, and Dara
  Capital does not participate in any portion of those fees. With regard to brokerage relationships, please
  see Item 12 Brokerage Transactions.

  Any commissions, discounts or soft dollars paid to Dara by third party financial intermediaries with
  respect to the Portfolio(s), if any, will be credited to the Client’s custody account.

  Under no circumstances does Dara Capital require or solicit fees in advance of service.

  Dara Capital receives no compensation based on product sale or recommendations. Clients have the
  option to purchase investment products that Dara Capital may recommend through any broker of their
  choice, including any agents that are not affiliated with Dara Capital. Dara Capital offers no brokerage
  services.

Dara Capital US, Inc., 1395 Brickell Ave, Suite 800, Miami, Florida 33131                                Page 5

 FORM ADV PART 2A - FIRM BROCHURE

Item 7: Types of Clients

   Dara Capital’s Clients are generally sophisticated investors, trusts, charitable and other tax-exempt
   organizations, estates, and corporations, including both single and multi-family offices.