Greensledge Asset Management LLC

Fees and Compensation

Fund Fees

The fees and compensation arrangements for the Funds are set forth in each Fund’s respective Offering
Documents. GLAM receives compensation and fees from Funds based on a percentage of net assets under
management (“Management Fee”). Management Fees for the Funds are payable to GLAM in accordance
with terms and conditions described in the applicable Offering Documents and are expected to generally
range from approximately 15 basis points to 100 basis points per annum. GLAM also charges certain
Funds performance-based fees as a percentage of net realized profits in excess of specified investment
returns. Please refer to Item 6 - “Performance Based Fees” below for further details regarding such

Types of Clients

GLAM provides investment advisory services on a discretionary or non-discretionary basis to its Clients,
currently comprised of privately offered pooled investment vehicles and SMAs and may, in the future, serve
as an advisor or sub-adviser to registered investment companies. Investors in the Funds generally consist
of institutions but could also include ultra-high net worth individuals, trusts, and estates. Due to the types
of investments managed by GLAM, SMA Clients will typically be institutional or qualified investors. SMA
Clients and Investors in Funds are required to meet certain eligibility qualifications to comply with
applicable federal securities laws and regulations. Certain SMAs may be accepted on a non-discretionary
basis, which means that permission must be given to GLAM prior to the execution of any transaction.
Consulting Clients are typically institutions.