Greenwich Ivy Capital LLC

Item 5 – Fees and Compensation

A. Advisory Fees

Fees charged to the Funds are detailed in their respective offering documents. Greenwich Ivy
charges the Private Fund a management fee and a performance fee.

B. Payment of Fees

Greenwich Ivy deducts the management fee for the private fund directly from each investor’s
account. The Private Fund will pay to Greenwich Ivy, quarterly in advance, a management fee
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based upon a percentage of the Net Asset Value of each capital account attributable to each
Investor’s interest, in accordance with the Private Fund’s governing documents.

The Private Fund’s general partner, an affiliate under common control with Greenwich Ivy,
receives performance-based compensation at the end of each Performance Period, subject to a high
water mark, as defined in the Private Fund’s offering documents. The performance-based
compensation is based upon a percentage of the net profits attributed to an investor’s interests in
the Private Fund. Greenwich Ivy may waive or reduce management fees and/or performance-based
compensation with respect to any Investor in the Private Fund.

C. Other Fees and Expenses

The Private Fund typically pays its own expenses, as set forth in its offering materials. In the event
expenses are required to be allocated amongst Clients, Greenwich Ivy will seek to allocate the
expenses in a fair and equitable manner considering the extent to which each Client benefits from
a particular product or service. Depending upon the nature of the expense, the allocation
methodology applied by Greenwich Ivy may vary. Such methodologies may include allocating the
expense (i) on a pro rata basis in proportion to the relevant Client’s assets under management or
relative use of the item of expense (or relative participation in an investment, if the expense is
related to such investment); (ii) equally among all participating Clients; or (iii) in another manner
that Greenwich Ivy deems fair or equitable.

To the extent that client assets are invested in money market funds or cash alternatives, the fees
for monitoring those assets are in addition to the fees included in the internal expenses of those
funds paid to their own investment managers, which are fully disclosed in each Fund’s prospectus.

All fees paid to Greenwich Ivy for investment advisory services are separate and distinct from
transaction fees charged by broker-dealers associated with the purchase and sale of securities and
derivatives. In addition, fees do not include the services of any co-fiduciaries, accountants, broker-
dealers, or attorneys. Please see ‘Item 12 - Brokerage Practices’ of this disclosure brochure for
additional information. Clients typically pay their own expenses, as set forth in each client’s
offering materials or investment management agreement.

Cash Management

Cash balances in Client accounts may be invested in cash alternatives including money market
mutual funds. These cash balances are included in the account market value for the computation
of the investment management fee. Greenwich Ivy will maintain cash balances to meet foreseeable
short-term Client cash needs, as a temporary repository pending investment in other securities,
or as a defensive position when market conditions are considered adverse.

Item 7 – Types of Clients

Greenwich Ivy provides advisory services to the Private Fund. In order to invest in the Private
Fund, prospective investors must satisfy certain eligibility, suitability, and minimum investment
requirements, which are described in more detail in the relevant offering documents.

Greenwich Ivy may in the future provide investment advice to different types of clients, including
additional private funds, separately managed accounts, and/or investment companies, with
different objectives, different offering terms, higher or lower fees and/or different structures from
those of the Clients.