Haidar Capital Management LLC

Item 5. Fees and Compensation
       Funds

       Each Feeder Fund pays Haidar a management fee equal to two percent (2%) per year of
the applicable Feeder Fund’s net assets on a monthly basis in arrears. Haidar also receives an
annual performance-based fee from the Offshore Feeder Fund in an amount equal to twenty percent
(20%) of the net profits per year, if any, of the Offshore Feeder Fund, subject to a “high water
mark” provision. Haidar also receives a performance based allocation from the Domestic Feeder
Fund, in an amount equal to twenty percent (20%) of the net profits per year, if any, of the
Domestic Feeder Fund, subject to a “high water mark” provision.

        To the extent that there is a shared expense among any of the Haidar Funds, on the one
hand, and Haidar, on the other hand, Haidar will allocate the expense among such Haidar Fund(s)
and itself in a manner that it determines is fair and equitable under the circumstances to all parties.
All Feeder Fund fees and expenses are ultimately paid on a pro rata basis by the investors in such
Feeder Fund.

       See Item 6 below for more information concerning performance-based fees.

       Managed Accounts
        Haidar presently does not have, and thus receives no fees from, any Managed Account
Clients. In the event that Haidar were to advise a Managed Account in the future, it may be paid a
management fee and/or a performance fee by such Managed Account in accordance with the terms
of the applicable Managed Account Agreement.

       Additional Expenses
         In addition to the management fees and the performance-based fees described above, the
Haidar Funds (and, indirectly, the investors therein) will pay such additional expenses as are
disclosed in the Haidar Funds’ applicable offering documents. The expenses to be paid by each
Haidar Fund vary and may include, among others, the following: transaction costs and investment-
related expenses incurred in connection with the Funds’ trading activities, including securities and
futures brokerage, clearing, margin interest (if any), custodial expenses, and any non-U.S. mutual
fund expenses; all U.S. and non-U.S. legal, regulatory and compliance fees and expenses
(including, but not limited to, blue sky compliance, compliance with the Alternative Investment
Fund Managers Directive, MIFID, the EEA and FATCA), compliance expenses relating to the
operation and trading activities of the Fund, as reasonably determined by Haidar, and any
compliance expenses incurred by Haidar (including with respect to the preparation of, and updates
to, the compliance manual, the code of ethics and any related training), as reasonably determined
by Haidar, accounting, auditing, tax preparation, expenses relating to the offering and sale of the
Shares, and registration fees and expenses as well as related fees and expenses (including, but not
limited to, legal fees or other fees and expenses related to: the preparation and filing of Form PF,
CFTC and NFA Form CPO-PQR, NFA Form CTA-PR and NFA Form PR, the applicable portion
of Haidar’s fees and expenses incurred in connection with preparing and filing Form ADV that are
allocable to a Haidar Fund, and any other SEC, CFTC and/or NFA filings and registrations or other
filings that are made with respect to the Funds or assets of the Funds; related requirements under
the Dodd-Frank Act, and U.S. Department of the Treasury and U.S. Department of Commerce

regulations; and registrations and related requirements of foreign regulators); expenses associated
with the continued offering of shares, which include, but are not limited to, marketing, travel
(excluding the use of any private planes), lodging and meal expenses, meetings with prospective
and current investors, and other solicitation expenses; operational expenses such as the
administrator’s charges, fees and expenses, trade support systems, the directors’ charges and
expenses, photocopying, printing, postage, internet, telephone, and hardcopy and electronic
document storage expenses; research and research-related costs, third-party consulting fees,
including risk consultants, fees and charges (such as data feeds, news, Fund reports, expert network
fees, brokerage reports, software licenses, ongoing development, implementation, updating and
support of software licenses, bank service fees, third-party trading and/or portfolio-related services
and support, including software costs such as order management, data management, risk
management and similar systems, software costs relating to order management, and Bloomberg
terminals and services); legal fees and due diligence expenses allocated to a Feeder Fund or the
Haidar Fund, related to the analysis purchase or sale of investments, whether or not the investment
is consummated; trading documentation and negotiation of investor side letters; travel (excluding
costs and expense of any private planes), meals, lodging and related expenses for research purposes
incurred by the Manager in connection with matters relating to the Fund’s investment activities
and operations including attending industry conferences; Haidar Fund related insurance costs
(including D&O and E&O insurance for Haidar, if applicable), extraordinary expenses (such as,
litigation costs and indemnification obligations), if any; the Performance Fee and the Management
Fee (defined below) paid to Haidar; Cayman Islands government fees and director registration fees
and other equivalent expenses; and interest in connection with investment-related borrowings. In
addition, each Feeder Fund will bear its pro rata share of all expenses related to any pooled
investment vehicle(s) (including, but not limited to, the Master Fund) in which such Feeder Fund
invests; such charges may include management fees, performance fees, ordinary operating
expenses (such as administration, legal, accounting and other operational costs) and extraordinary
...

Item 7. Types of Clients

      Haidar currently provides investment advice only to the Haidar Funds. However, Haidar
may advise additional or different types of clients in the future.

        Each Haidar Fund is not registered under the Investment Company Act of 1940, as
amended (the “1940 Act”), in reliance on the exemption provided by Section 3(c)(7) of the 1940
Act. In addition, each Haidar Fund’s interests or shares (as applicable) are not registered under the
Securities Act of 1933, as amended (the “Securities Act”), or any state “blue-sky” laws; rather,
they are privately offered only to qualified purchasers and accredited investors pursuant to an
exemption from registration under Regulation D under the Securities Act. Each investor in the
Domestic Feeder Fund must be (1) an “accredited investor” as defined in Regulation D under the
Securities Act, (2) a “qualified purchaser” as defined in the 1940 Act and the regulations under the
1940 Act, and (3) a “United States person” as defined under the Internal Revenue Code of 1986,
as amended (the “Code”). Each investor in the Offshore Feeder Fund that is a “United States
person” (as defined in the Code) must be (1) an “accredited investor,” as defined in Regulation D
under the Securities Act, (2) a “qualified purchaser” or “knowledgeable employee” as defined in
the 1940 Act and the rules under the 1940 Act (and thus a “qualified client” within the meaning of
the Advisers Act), and (3) exempt from U.S. federal income tax under Section 501 of the Code or
otherwise. Each other investor in the Offshore Feeder Fund must not be a “U.S. person,” as defined
in Regulation S under the Securities Act, or a “United States person” as defined in the Code, and
must be a “Non-United States person” as defined in Regulation 4.7 under the U.S. Commodity
Exchange Act, as amended. The minimum investment in each Feeder Fund, subject to waiver, is
$100,000.

        If a Client or potential Client would like to open a Managed Account, the conditions for
starting and maintaining a Managed Account will vary with the circumstances of each Managed
Account and be negotiated and set forth on an individual basis in the relevant Managed Account
Agreement.