Frontaura Capital LLC

Item 5 – Fees and Compensation

Management Fee.
Frontaura receives an advisory fee (the “Management Fee”) at a capital account-specific
annual rate (the “Capital Account-Specific Rate”) based on the Investors’ Capital Account
balances as of each monthly Valuation Date (determined before allocation of the Incentive
Allocation, if any, for such Valuation Date). The Management Fee is accrued and payable in
arrears as of the end of each calendar month. The Capital Account-Specific Rate is set to 2%
for each Series A, Series B, and Legacy Series Capital Account. The Capital Account-Specific
Rate with respect to Series A and Series B is reduced to 1.75% and 1.50%, in accordance
with various assets under management (“AUM”) thresholds as provided in the Operating
Agreement.

The Manager will provide investment advisory services to the Offshore Fund and the
Onshore Fund. Because the sole investment of the Offshore Fund is membership interests
in the Onshore Fund, the Manager’s investment advisory services to the Offshore Fund are
extremely limited. To prevent investors from being subject to multiple layers of
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management and advisory fees and in recognition of the Manager’s limited investment
advisory activities with respect to the Offshore Fund, the Offshore Fund will not pay the
Manager any management or advisory fee. The Offshore Fund, along with the other
members of the Onshore Fund, will pay the Manager, in its capacity as managing member, a
Management Fee at the same Capital Account-Specific Rate as described above, based on
the Investors’ Capital Account balance as of each monthly Valuation Date.

The Offshore Fund’s Capital Account will equal the aggregate values of the Subaccounts.
The Manager will use its best efforts to structure the Management Fee paid by the Offshore
Fund such that the Management Fee is approximately identical to the aggregate
Management Fees that would be paid if the investors in the Offshore Fund invested directly
in the Onshore Fund (subject to certain Offshore Fund specific expenses and costs). The
Management Fee paid by the Offshore Fund will be calculated on a Subaccount level to
reflect any differences that exist between Tranches or Series of Shares. The total
Management Fee paid by the Offshore Fund will equal the aggregate Management Fees
with respect to the Subaccounts.

Frontaura may waive all or a portion of the management fee as to an Investor, or may agree
with an Investor to other changes in the management fee respecting such Investor.

Expenses.
The Funds will bear the expense of brokerage commissions or other securities transaction
costs, custodial fees, governmental fees and taxes, the legal and accounting costs incurred
in connection with an audit of the Fund’s tax return, margin interest or interest on other
borrowings, and all expenses that Frontaura, in its discretion, determines to be
extraordinary, such as legal fees and costs relating to litigation, arbitration, claims or
similar proceedings.

Item 12 further describes the factors that Frontaura considers in selecting or
recommending broker-dealers for Client transactions and determining the reasonableness
of their compensation (e.g., commissions).

Frontaura and its supervised persons do not receive a brokerage commission or any other
compensation attributable to the sale of securities or investment products.

Item 7 – Types of Clients

Frontaura provides investment supervisory services to the Funds, which are currently
Frontaura’s only clients. Frontaura may in the future provide the same or similar services
to other privately placed investment funds and/or separately managed accounts.

Prospective Investors in the Funds must meet eligibility criteria as set forth below and are
subject to certain withdrawal requirements and limitations. Prospective Investors are
encouraged to thoroughly review the Funds’ Constituent Documents and any other
materials provided by Frontaura which set forth all of the terms in detail.

Interests in the Funds are offered to “accredited investors” (as defined in Regulation D
under the Securities Act of 1933) and “qualified purchasers” (as defined in Section 2(a)(51)
of the Investment Company Act of 1940).
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The minimum initial investment is $500,000 for both Tranche A Shares and for Tranche B
Shares. There is no minimum amount for subsequent capital contributions by an existing
investor. Frontaura, in its sole discretion, may permit investments that are less than the
required minimum investment commitment (or require a different amount), as set forth in
the Constituent Documents of the respective Funds.