Dockside LLC

Item 5: Fees and Compensation

A. Advisory Fees and Compensation

We do not have a standard management fee or performance fee schedule. The fees applicable to each Client
are set forth in detail in the Governing Documents.

Form ADV Part 2A Firm Brochure | Dockside LLC

In general, the Adviser charges a “Management Fee” of based on a percentage of the relevant Fund’s net
asset value (“NAV”) or notional value as set forth in such Governing Documents.

B. Payment of Fees

Fees and compensation paid to Dockside or its affiliates are generally deducted from the assets of such
Clients, with the timing of the fee deduction in accordance with the Governing Documents. Management
Fees are generally calculated and payable monthly.

C. Additional Fees and Expenses

Additional expenses borne by the Clients will be pursuant to the Governing Documents including, but are
not limited to:

•       Organizational Expenses: expenses incurred in connection with the initial offer and sale of interests
        of a Fund, which include compliance, legal, accounting, auditing and other professional expenses,
        administration expenses, bank service fees and any other reasonable expenses related to the
        operations of the Fund.

•       Operating and Other Expenses: (i) legal, accounting, auditing, and other professional expenses
        (including regulatory reporting costs, internal and external compliance costs, and outsourced middle
        and back-office services provided by unaffiliated service providers), administration expenses, bank
        service fees, costs of any outside appraisers, experts or other consultants, expenses in connection
        with proposed transactions (including transactions that fail to close), any charges or expenses
        incurred in realizing assets or closing out positions to provide funds to meet any withdrawal request,
        and any other reasonable expenses related to the operation of a Fund; (ii) trading costs, including
        brokerage commissions, clearing fees, interest on margin accounts and other indebtedness,
        borrowing charges on securities sold short, research and data costs, custodial fees, bank service fees,
        regulatory fees, exchange fees, membership fees, debit financing fees, short stock financing fees,
        lending fees, custodial fees and other direct trading costs related to the operation of a Fund; (iii) use
        of Sub-advisers, including expenses related to due diligence (including on managers not selected by
        the General Partner for use by a Fund), on-boarding and continuing use of sub-advisers (including
        travel expenses), management fees and incentive fees; all as shall be determined by the General
        Partner in its sole discretion; (iv) Sub-adviser investment research services and expenses, (v)
        regulatory compliance (including anti-financial crime compliance) and any government and/or
        regulatory filings to the extent related to a Fund or the offering of interests in the Fund or the Fund’s
        investments (including regulatory filings of the General Partner but excluding any general filing
        obligations of the General Partner or the Adviser not strictly related to the Fund (e.g., expenses
        incurred in connection with the preparation of the Adviser’s Form ADV)) whether, for the avoidance
        of doubt, they are incurred once or on a periodic basis during the life of the Fund, (vi) fines and
        monetary penalties imposed by exchanges, markets, governmental agencies or self-regulatory
        organizations related to the operation or affairs of a Fund; (vii) costs, losses, damages and expenses
        relating to any warranties or indemnities given by the Fund in relation to any activity or investment,
        including where a claim has been made in respect of such warranties or indemnities; and (viii)
        expenses related to trading errors (pursuant to the General Partner’s trading error policy).

•       Extraordinary Expenses: extraordinary expenses; provided that a Fund shall not be responsible for
        any such extraordinary expenses resulting from a Covered Person’s Disabling Conduct (as defined

Form ADV Part 2A Firm Brochure | Dockside LLC

        in a Fund’s Governing Documents). These include, without limitation, awards, judgements,
        settlement costs and legal fees and costs arising in connection with: (i) any demand, arbitration,
        litigation or governmental or self-regulatory organization investigation or enforcement action
        relating to a Fund or General Partner with respect to the management, operation or activities of the
        Fund, and (ii) any legal fees or related costs related to a Fund or General Partner’s investment
        activities related to the Fund.

Shared Expenses Allocated Among Clients

Dockside will allocate shared expenses incurred by multiple Clients in its discretion in a fair and equitable
manner and according to metrics that it determines to be reasonable. Expenses for more than one Client
generally will be allocated to the applicable Clients on a pro rata basis based on a good faith methodology
including, without limitation: (i) the total assets invested by each such Client and/or (ii) a percentage of
shared personnel’s time devoted to each entity. Dockside has a conflict of interest related to allocation of
shared expenses among Clients, in that allocation decisions may be impacted by Private Fund fee structures
(such as when one Client pays Dockside a performance fee that is higher than another Client’s fee). To
mitigate this conflict, we have organized an Expense Committee that meets on a regular basis to make fair
and equitable decisions regarding allocation of shared expenses among Clients.

D. Prepayment of Fees

In general, Dockside’s fees are paid in arrears and Clients do not pay fees in advance.

Item 7: Types of Clients

We provide investment advice to Clients, as described above in Item 4: Advisory Business.

Fund investors include institutional investors and retirement plans and may include others in the future.
Details concerning applicable investor suitability criteria are set forth in the respective Governing Documents
and subscription materials.

Each Fund investor is required to meet certain suitability qualifications, such as being an “accredited
investor” within the meaning set forth in Regulation D promulgated under the Securities Act of 1933, as
amended, a “qualified purchaser” or “knowledgeable employee” as defined in the Investment Company Act,
as amended. Fund investors must also complete an investor questionnaire and must be able to represent that
they do not fall into any of the categories outlined under Rule 506(d) of Regulation D.

As a general matter, the minimum initial investment in Private Funds advised by Dockside is $50,000,000,
which Dockside may waive in its discretion. Fund investors are required to complete and execute a
subscription agreement that, among other things, requires the investor to represent that it meets applicable
legal and suitability requirements of the relevant fund.

Form ADV Part 2A Firm Brochure | Dockside LLC