Hook Mill Capital Partners LP

Item 5: Fees and Compensation

The fees applicable to each of the Funds are set forth in detail in the corresponding Offering
Documents. A brief summary of such fees is provided below.

Management Fee

Hook Mill is paid an investment management fee (“Management Fee”) per annum of the net
asset value of the Funds.

The Fee will range from 0.375% to 1.5%.

Hook Mill, in its sole discretion, may waive or modify the Management Fee for any Investor.

Other Types of Fees or Expenses

Hook Mill is authorized to incur and pay in the name and on behalf of the Funds all expenses
which they deem necessary or advisable.

The Firm is responsible for and shall pay, or cause to be paid, all of their own ordinary
administrative and overhead expenses, including, without limitation, all costs and expenses
related to rent, furniture, fixtures, equipment, office supplies, clerical expenses and all salaries,
bonuses and benefits paid to, or on behalf of, personnel of the Firm.

The Funds bear all other expenses, which include, without limitation, the following expenses
incurred by or allocable to the Funds: (a) organizational and offering expenses; (b) expenses
associated with all investments and transactions considered, evaluated and/or consummated by
the Funds, including, without limitation, those expenses incurred before the initial closing of
the Funds, including, without limitation, expenses associated with sourcing, negotiating,
investigating, researching, financing and structuring of investments and potential investments,
whether or not consummated, including, without limitation, third-party research, data, analytics,
modeling, structuring, pricing, execution and other third-party information systems, software
and service fees (including, without limitation, the expenses with respect to data feeds,
subscriptions, expert networks, political intelligence providers, and reports); (c) research-related
computer hardware and software expenses, including, without limitation, Bloomberg terminals;
(d) the Funds’ pro rata share of the Firm’s order management system, portfolio management
system and any other software used for accounting and/or monitoring of the portfolio; (e)
expenses associated with holding, financing, monitoring, hedging, maintaining and disposing
of all investments of the Funds and all transaction and other costs associated therewith; (f) travel
and related expenses associated with investments and potential investments; (g) professional
fees associated with investments and potential investments, including, without limitation,
consulting, due diligence, accounting, valuation, financial, legal, and other advisory fees and
expenses; (h) transaction fees, brokerage commissions, custodial fees, clearing and settlement
charges and similar fees and expenses associated with the acquisition, disposition and settling
of investments and potential investments; (i) expenses associated with legal and regulatory
filings of the Funds (including, without limitation, pursuant to Section 13 and 16 of the
Securities and Exchange Act of 1934, as amended (the “Exchange Act”)) and the Funds’ pro
rata portion of the expenses associated with preparation of the Firm’s Form 13F, Form 13H and
Form PF, and any other similar filing in any other U.S. or non-U.S. jurisdiction; (j)
administrative, custodial, appraisal, valuation, legal, regulatory, compliance, consulting,
advisory and similar fees and expenses associated with the Funds’ operations, investments and
transactions, including, without limitation, fees and expenses of the Funds’ administrator; (k)
expenses incurred in connection with responding to requests or inquiries from any U.S. federal,
state, local or non-U.S. governmental entity or authority, regulatory body or self-regulatory
organization and all extraordinary expenses; (l) broken-deal, failed transaction, break-up and
similar fees, costs and expenses, if any; (m) costs and expenses of leverage or any other
borrowings of the Funds, including, without limitation, interest charges and fees; (n) expenses
incurred in the collection of monies owed to the Funds, as applicable; (o) auditing and
accounting expenses of the Funds, including, without limitation, expenses associated with the
preparation of financial statements, tax returns and Schedules K-1 and the fees and expenses of
the auditor; (p) any entity level taxes, fees or other governmental charges on the Funds,
including, without

limitation, any withholding taxes not due to the status or noncompliance of a particular Investor;
(q) costs and expenses associated with investor communications and reports and the delivery
thereof to investors; (r) the costs of service providers or software to measure or monitor risk
metrics, to aggregate positions and/or to provide reporting with respect to risk metrics and/or
positions; (s) costs and expenses associated with meetings of the Investors; (t) insurance
expenses; including, without limitation, directors’ and officers’ liability insurance, general
partner liability insurance, errors and omissions insurance and other policies, if any;
(u) costs and expenses (including, without limitation, entity-level taxes, fees or other
governmental charges) associated with the formation, organization and operation of any
subsidiary, special purpose vehicle, alternative investment vehicle, holding company, or similar
entity formed with respect to investments, credit facilities or other transactions entered into for
the benefit of the Funds; (v) wind-up, liquidation, termination and dissolution expenses; (w)
costs, fees and expenses related to registration, qualification and/or exemption under any
applicable U.S. federal, state, local or non-U.S. laws, rules or regulations, including, without
limitation, blue sky fees, Form D, Form 8.3, CFTC filings and notices and other securities
and/or investment-related filing expenses; (x) costs related to any transfers of interests in the
...

Item 7: Types of Clients

Our clients are the Funds and the Sub-Advised Fund, as described in Item 4 above, and the
Funds are generally open to, among others, institutions, pension plans, endowments, high net-
worth individuals, financially sophisticated individuals, and other sophisticated investors.