Kintayl Capital LP

ITEM 5: FEES AND COMPENSATION

The fees applicable to each Fund are set forth in detail in each Fund’s offering documents. Kintayl
generally charges Clients an asset-based management fee (the “Management Fee”) and a
performance-based fee or incentive allocation (the “Performance Fee” or “Incentive Allocation”);
a summary of these fees is provided below.

The following is a general description of fees and expenses paid by the Funds. Each of the Feeder
Fund’s offering documents contains more detailed descriptions of the firm’s fee schedules and
Fund expenses. As such, it is critical that investors refer to the relevant Fund’s offering documents
for a complete understanding of how Kintayl is compensated for our services and the types of
expenses paid by the Funds.

The Management Fee and Performance Fee described below are deducted automatically from the
Feeder Funds’ accounts pursuant to their governing documents. A third-party administrator
generally polices and controls this process. The Management Fee and Performance Fee for the
Master Fund is paid to Kintayl Capital LP in arrears.

The Management Fee paid to Kintayl, which ranges from 1.50% to 1.75% per annum, is adjusted
for contributions or subscriptions and withdrawals or redemptions made during each quarter. Sub-
advisory Clients may have another fee structure which is described in the Clients’ written advisory
agreement.

The Adviser or a related party may also receive a performance-based fee or allocation for the
management of certain of the Funds which is based on a share of capital gains or appreciation of
the assets of the Funds. The Performance Fee paid to Kintayl generally ranges from 17.5% to 20%
and is subject to a loss carry-forward provision. Performance-based compensation is generally
taken at the end of each calendar year. As noted above, sub-advisory Clients may have another
fee structure which is described in the Clients’ written advisory agreement.

Fees charged by the Feeder Funds are determined by CAV GP Ltd., the General Partner of the
Feeder Funds and are outlined in the offering documents for each Feeder Fund. Those fees, in
addition to management fees listed above may include: a general partner fee, corporate secretary
fees, fees related to set-up costs and out-of-pocket expenses including, without limitation, travel
and hotel expenses incurred in attending meetings, photocopying, fax, telephone, postage and other
communication charges, legal and such other expenses incurred by the General Partner in
connection with its provision of services to the Fund, including any extraordinary expenses
incurred by the General Partner in connection with any litigation or other exceptional matters,
subject to the standard of liability and indemnification set forth in the relevant service agreements.

Additionally, fees relating to administration costs, platform provider costs, and certain operational
costs will also be charged to the Feeder Funds or to the Master Fund.

Form ADV Part 2A | Kintayl Capital LP                                                     March 2026

ITEM 7: TYPES OF CLIENTS

Kintayl may provide investment management services to one or more Clients, which generally
includes Funds and sub-advisory accounts for other investment advisers (as described above). The
Funds will be exempt from registration under the Investment Company Act. Fund Investors may
include, but are not limited to, high net worth individuals; pension plans (include state or foreign);
sovereign wealth funds; endowments; foundations; banks; pooled investment vehicles (e.g., funds-
of-funds); trusts; estates or charitable organizations and corporate or business entities.

Form ADV Part 2A | Kintayl Capital LP                                                    March 2026