Distributed Global Manager LP

ITEM 5: FEES AND COMPENSATION
Item 5.A. Description of Compensation Arrangements

Distributed Global is generally compensated for its advisory services through asset-based
management fees and performance-based compensation. A general description of the Clients’
anticipated fees and expenses follows, but Investors should review each Client’s Governing
Documents for details of a particular Client’s fee structure and expenses.

Management Fees

Distributed Global will generally receive a management fee (“Management Fee”) based on each
respective Client’s Investors’ capital commitment, aggregate capital contributions, or net asset
value under management, as the case may be, equal to 0-2.0% per annum of such amount, as
more fully provided in the relevant Client’s Governing Documents. The Management Fee is
calculated and paid quarterly, based on the relevant amount, as of the first business day of the
quarter, as more fully provided in the relevant Client’s Governing Documents.

Alternatively, for one Client, Distributed Global will receive an asset management fee (“Asset
Management Fee”) for each investment made by such Client, not exceeding 3.0% per annum of
the net asset value of each such investment (unless otherwise reduced, modified, waived or as
otherwise specified in the presentation of an investment opportunity to such Client’s Investors
(each, an “Investment Presentation”)), payable by each such Client Investor participating in
such investment. Asset Management Fees are generally paid quarterly in advance or as otherwise

provided in an Investment Presentation, and may be paid from Investor capital commitments,
drawdowns, investment income, and sales proceeds.

Performance-Based Compensation

Subject to the terms and limitations set forth in each Client’s Governing Documents, each
Client’s General Partner or Distributed Global is entitled to receive performance-based
compensation (“Performance-Based Compensation”), either as a carried interest distribution,
performance allocation, or performance fee, as the case may be, generally ranging from 15-30%
of an Investor’s cash available for distribution in excess of its aggregate capital contributions,
increase in an Investor’s capital account (including gains or losses with respect to realized and
unrealized investments), cash available for distribution in excess of its aggregate capital
contributions with respect to any investment, or in the case of certain sub-advised Clients, receipt
by the Client’s general partner of performance fees or profit allocations related thereto, as the
case may be, each as more fully provided in the relevant Client’s Governing Documents. As
provided in each Client’s Governing Documents, a Client’s carried interest distributions,
performance allocations or performance fees may only be payable subject to a return of an
Investor’s capital contributions or an increase in an Investor’s capital account net asset value
above a certain threshold (known as a “Hurdle Rate”) or a “high water mark”, and such carried
interest distributions, performance allocations or performance fees are generally made either as
assets in a Client are liquidated and gains are realized, or on a periodic basis (as provided in the
relevant Client’s Governing Documents).

The Management Fee, Asset Management Fee and Performance-Based Compensation are
generally not negotiable; however, each General Partner (or Distributed Global or a Client’s
board of directors, if applicable), in its sole discretion, may modify or waive the Management
Fee, Asset Management Fee or Performance-Based Compensation with respect to any Investor,
as set forth in each Client’s Governing Documents.

Any new Client launched by Distributed Global after the date of this Brochure may have
materially different terms than those summarized above and any terms for any existing
Client may be amended from time to time.

Item 5.B. Manner of Payment

Please see Item 5.A. above.

Item 5.C. Other Fees and Expenses Clients May be Charged

Below is a general description of the Clients’ expenses and other fees, and is not exhaustive.
Investors should refer to the respective Clients’ relevant Governing Documents for a
complete understanding of expenses and fees. The information herein is qualified in its
entirety by such documents.

The Clients shall generally be responsible for the following costs and expenses, as provided in
each Client’s Governing Documents: (i) Management Fees or Asset Management Fees,
(ii) Performance-Based Compensation, (iii) all general investment expenses (i.e., brokerage
commissions, clearing and settlement charges, research expenses, data processing costs and
expenses, bank service fees, interest expenses, borrowing charges, custodial expenses and other
investment expenses); (iv) all administrative, legal, accounting, auditing, record-keeping, tax
form preparation, compliance and consulting costs and expenses; (v) all fees, costs and expenses
related to middle office operations which may include daily reconciliation of cash, cost, positions
and valuations; (vi) fees, costs and expenses of third-party service providers that provide such
services; (vii) costs and expenses associated with preparing investor communications, printing
and mailing costs; (viii) insurance costs and expenses; (ix) taxes and other governmental charges
payable by the Clients; (x) governmental licensing, filing and exemption fees (including Blue
Sky and other regulatory filing fees and expenses); (xi) indemnification obligations; (xii) all
expenses (including reasonable attorneys’ fees) incurred in connection with any threatened,
pending, or anticipated litigation, U.S. Internal Revenue Service (“IRS”) examination or audit, or
similar audit or examination by any state or local taxing authority, or other legal proceeding; and,
(xiii) any extraordinary expenses. Expenses generally will be shared by all of the Investors of a
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ITEM 7: TYPES OF CLIENTS
Distributed Global provides discretionary investment advice to the Clients, as described in Item
4.B. above. Investors are generally “accredited investors” within the meaning of Rule 501(a)
under the Securities Act of 1933, as amended, and “qualified clients” within the meaning of Rule
205-3 under the Advisers Act of 1940 (the “Advisers Act”), and with respect to certain Clients,
“qualified purchasers” as defined in Section 2(a)(51) of the Investment Company Act of 1940 (the
“Investment Company Act”). Investment in the Clients is generally offered to high net worth
individuals, funds-of-funds, pension funds, endowments, and other institutional investors that
meet the applicable investor suitability requirements. Each Client generally has a minimum
investment amount for third-party Investors, as provided in each Client’s Governing Documents.
Such minimum investment amounts may be waived by Distributed Global at its sole discretion.