Diametric Capital LP

Item 5: Fees and Compensation

Diametric generally charges Clients an asset-based management fee and/or performance allocation
or fee.

Diametric will generally deduct its management fees (“Management Fee”) from each Fund
monthly in advance in such amounts as are set forth in the Governing Documents of such Fund.
Diametric True Alpha Market Neutral GP, LLC (the “General Partner”), a Delaware limited
liability company, serves as the general partner or managing member to one or more of the Funds,
expects to receive performance-based allocations (“Performance Allocation”) in respect of each
Fund on an annual basis in arrears and upon withdrawals by investors in the Funds, subject to a
“high-water mark”. For a further discussion of the Performance Allocation and the “high-water
mark”, please see Item 6.

Diametric may, in its discretion, waive, reduce or rebate the Management Fee and/or Performance
Allocation with respect to the investment of any investor, including its employees, owners,
affiliates and/or one or more investors.

Diametric will receive a management fee (the “SAA Management Fee”) for the advisory services
performed on behalf of a Sub-Advisory Account. The SAA Management Fee rates will be
determined on a case-by-case basis with respect to each Sub-Advisory Account, and are calculated
based on the net assets under management in each respective Sub-Advisory Account. SAA
Management Fees may be paid monthly or quarterly in advance or in arrears, as further set forth
in the Governing Documents of the applicable Sub-Advisory Account. Diametric also may receive
a performance-based fee or allocation (the “Performance Fee” collectively with the Performance
Allocation, the “Performance Compensation”) generally at the end of each year (or at the time of
a redemption with respect to the applicable Sub-Advisory Account or at such other time as may
be specified in the applicable Governing Document). The Performance Fee rates will be
determined on a case-by-case basis with respect to each Sub-Advisory Account. The Performance
Fee for a Sub-Advisory Account may also be subject to a high-water mark. The SAA Management
Fee and Performance Fees are billed to and paid from the applicable Sub-Advisory Account
promptly after they are determined. For a further discussion of the Performance Fee and the “high-
water mark,” please see Item 6 below.

In the event a Client terminates its investment management agreement with Diametric appropriate
treatment will be given to all Management Fees and SAA Management Fees and other
compensation collected in advance (e.g., the Management Fee or SAA Management Fee would be
pro-rated based upon the number of days elapsed in the applicable period prior to termination and
the balance of the Management Fee or SAA Management Fee collected would be refunded).

In addition to the Management Fee and Performance Allocation and as set forth in more detail in
the applicable Governing Documents, each Fund will pay all costs and expenses related to its
investments and its operations. Each Fund will also bear the cost of the annual PM Sleeve
Performance Fee. We generally refer to this as an “expense pass-through”. Expenses are generally

shared by all of the investors in the Funds, while expenses related to one or more particular series
or classes of investments will be allocated accordingly. In the event that one or more funds invest
all or a substantial portion of its assets through a “master fund,” each such “feeder fund” will also
be responsible for its pro rata portion of such master fund’s costs and expenses. Expenses of more
than one Fund will be shared on an equitable basis among such Funds.

Sub-Advisory Accounts are generally responsible for the payment of all margins, premiums,
commissions and other amounts due in connection with transactions effected by Diametric and
certain other expenses as shall be set forth in the Governing Documents of each Sub-Advisory
Account.

Notwithstanding the foregoing, the Firm may elect to bear some or all of the above expenses of
the Clients.

Diametric and its supervised persons do not accept any compensation (e.g., brokerage
commissions) for the sale of securities or other investment products, including interests in the
Funds.

For more information regarding Diametric’s brokerage practices and brokerage expenses
discussed herein, please see Item 12.

Item 7: Types of Clients

Diametric provides investment advisory services to one or more Funds and/or Sub-Advisory
Accounts.

Investors in the Fund and/or owners of Sub-Advisory Accounts may include, but are not limited
to, high net worth individuals, family offices, fund-of-hedge funds, endowments, foundations,
trusts, charitable organizations, pension plans, and corporate or business entities.

Details concerning applicable investor suitability criteria are set forth in the respective Client’s
Governing Documents. The minimum commitment for an investor is outlined in the applicable
Sub-Advisory Account’s Governing Documents, including the discretion of Diametric and its
affiliates to accept less than the minimum investment threshold. Each investor is required to meet
certain suitability qualifications.