Eaglestone Capital Management LLC

Item 5 - Fees and Compensation

A. Fees

The partnership agreement (as such term is defined under item 19 of this brochure) sets out
the annual management fee payable to EAGLESTONE as the investment manager in an
amount equal to 1.00% of the limited partners’ capital under management. In addition, the
partnership agreement sets out an annual performance-based fee payable to EAGLESTONE
as the investment manager in an amount equal to 20% of the excess (if any) by which the
annual net profits exceed the sum of (a) the annual net losses and (b) any accrued loss
carryforward amount and (c) an annual hurdle rate.

Management fees and performance-based fees payable to EAGLESTONE may differ based on
the specific requirements negotiated by EAGLESTONE and any limited partner of Capital
Partners.

B. Payment Method

While the partnership agreement permits the payment of accrued management fees and
performance-based fees as earned, EAGLESTONE generally leaves its management fees and
performance-based fees invested in Capital Partners and the fund administrator (as such term
is defined under Item 19 of this brochure) keeps track of the partners allocations through
timely book entries.

C. Other Expenses

As described in the partnership agreement, Capital Partners is responsible for its operating
expenses which include legal, accounting, administrative and audit fees, interest on any
borrowings, brokerage commissions and any custodial fees. Please see item 12 for a discussion
of brokerage practices. EAGLESTONE as general partner of Capital Partners has engaged the
services of (a) a third party fund administrator to perform all book keeping and financial
statement preparation functions for Capital Partners and (b) a third party accounting firm to
conduct the annual audit of Capital Partners. The cost for these services totaled approximately
$15,250 in FY 2025; this amount accrued to Capital Partners which allocated to the partners
in proportion to their ownership interests.

D. Pre-Paid Fees

EAGLESTONE does not allow clients to pay fees in advance.

E. Additional Compensation

EAGLESTONE and its supervised persons do not accept compensation for the sale of securities
or other investment products.

Item 7 – Types of Clients

A. Clients

EAGLESTONE provides investment advice to Capital Partners which is open to investment
from high net worth individuals, trusts, family offices, foundations, endowments, corporate
pension plans, corporations and other business entities.

Limited partnership (“LP”) interests in Capital Partners are offered under Regulation D Rule
506(c) permitting general solicitation and advertising to “accredited investors” subject to
verification of “accredited investor” status. In addition, EAGLESTONE further requires that
investors in Capital Partners are “qualified clients” (as such terms are defined under Item 19
of this brochure).

Capital Partners has a minimum investment requirement of $250,000 which can be waived at
the discretion of EAGLESTONE.