Kosmos Management LLC

Item 5 - Fees and Compensation

Clients and Fund Investors of Kosmos are expected to be qualified purchasers, as defined in
Section 2(a)(51)(A) of the Investment Company Act of 1940, as amended (the “Investment
Company Act”). The specific payment terms and conditions of the fees and compensation to
Kosmos will be set forth in the relevant Governing Documents of the Fund or client agreements.
As such, a detailed Fund or client fee schedule is not included in this Brochure. However, most
clients and Fund Investors will be expected to pay to Kosmos (directly, or indirectly through the
Fund) a management and/or servicing and/or administration fee that is generally billed either
monthly or quarterly in advance equal to a specified percentage of the total capital under
management or invested for the relevant client or Fund (a “Management Fee”).

Maple Life Financial LLC (“Maple Life”), a wholly owned subsidiary of Kosmos, acquired by
Kosmos on August 1, 2025, serves as a life settlement provider to Kosmos and its clients as well
as third parties. Maple Life will be paid fees by Kosmos clients, including the Funds, in connection
with the purchase of life policies that Maple Life sources for them.

In addition, a related party to Kosmos will receive commissions from insurance companies when
annuities are purchased by a Fund or on behalf of a client account. The receipt of a commission
in connection with each purchase of annuities presents a conflict of interest and gives Kosmos and
its supervised persons an incentive to recommend the annuities based on the compensation
received, rather than on the annuity with the highest payout for the fund or client account. Kosmos
addresses that conflict by limiting investment discretion so that all annuity purchases are made
under specific guidelines disclosed to the client (including, in the case of a Fund, each of the Fund
Investors). In certain circumstances, such commissions could provide the primary compensation
to Kosmos from a Fund or other client. Additional information about certain payments to Kosmos-
related parties in connection with annuity purchases is provided in Item 12 of this Brochure.

The Management Fee will generally be paid either monthly or quarterly based on committed and/or
deployed capital at the end of the month or quarter respectively. Depending on the specific deal
documentation, Management Fees are either paid in advance or arrears. If an account or Fund
terminates other than as of a quarter-end, the Management Fee will be adjusted and rebated on a
prorated basis.

Kosmos and each Fund has the right to enter into agreements with one or more of its Fund Investors
providing waiver or modification of certain terms of the offering of Fund interests, or certain rights
and obligations of Fund Investors, including fees, otherwise applicable to such interest(s), in each
case without notice to the other Fund Investors. Such agreements are in place in relation to the
Funds acquired from RiverRock Asset Management in relation to calculation of the fees and
performance-based compensation payable to Kosmos or its affiliates.

It is critical that Fund Investors refer to the relevant Fund’s Governing Documents for a
complete understanding of how Kosmos and the General Partner are compensated for their
services and how fees are deducted from Fund assets. The information contained herein is a
summary only and is qualified in its entirety by the relevant Fund’s Governing Documents
which shall govern.

Additional Fees and Expenses. In addition to the fees described above, each Fund bears its own
expenses as described more fully in the Fund’s Governing Documents. These expenses will
generally include, for example, the Fund’s organizational expenses; fees and expenses paid to
third-party service providers, such as lawyers, accountants and consultants; indemnification and
insurance expenses and any litigation expenses involving the Fund; custodian fees, brokerage fees
and other transaction costs, including those incurred in connection with the acquisition, holding
and disposition of proposed or actual investments; expenses of liquidating the Fund; and any taxes,
fees or other governmental charges levied against the Fund. Certain expenses of Kosmos, as set
out in the relevant Fund documents, will be allocated to the Funds, for example travel, consultants,
legal advice, audit, accounting, valuation services, professional services, insurance, web portal
tools, and other related software and technology costs. Additional information about brokerage is
provided in Item 12 of this Brochure.

More detailed information about specific fees and expenses that clients and Fund Investors may
pay or bear and the timing of the fees that Kosmos charges is provided in the relevant agreement
between Kosmos and the relevant client or in the Governing Documents of the applicable Fund.

Item 7 - Types of Clients

As described in Item 4 above, Kosmos currently offers investment advisory services to twelve
Funds. Kosmos may provide such services to additional Funds or other investment vehicles in the
future.

The types of Investors in the Funds include pension plans, institutional investors, high net worth
individuals and other accredited investors.

The minimum initial investment in a Fund is established by the governing documents of the
applicable Fund as determined when the Funds are launched or as agreed to with the client. This
minimum may generally be increased, reduced or waived by the General Partner of the applicable
Fund, subject to any applicable statutory minimums.

Fund interests may be offered only to a limited number of individual and institutional investors
that qualify as: (i) “accredited investors”, as defined in Rule 501 under Regulation D promulgated
under the U.S. Securities Act of 1933; and (ii) “qualified purchasers” or “knowledgeable
employees”, as defined in the Investment Company Act and the rules promulgated thereunder.
Fund Investors also need to meet additional requirements set forth in a Fund’s Governing
Documents.

This Brochure will be provided to prospective clients and as appropriate, Fund Investors, together
with the Fund’s Governing Documents, prior to or in connection with such consideration or
execution of an investment in a Fund and will subsequently be provided periodically to each Fund.
The Fund, Fund Investors and other recipients should be aware that while this Brochure may
include information about the Funds, as necessary or appropriate, it should not be considered to
represent a complete discussion of the features, risks or conflicts associated with any Fund. More
complete information about the Funds is included in the Governing Documents, which are
provided to current and eligible prospective Fund Investors only by Kosmos or another authorized
party.

In no event should this Brochure be considered to be an offer of interests or shares in a Fund
or relied upon in determining whether to invest. It is also not an offer of, or agreement to
provide, advisory services directly to any recipient. Rather, this Brochure is designed solely to
provide information about Kosmos for the purpose of compliance with certain obligations under
the U.S. Investment Advisers Act of 1940, as amended (the “Advisers Act”), and, as such, responds
to relevant regulatory requirements under the Advisers Act, which may differ from the information
provided in the Governing Documents. To the extent that there is any conflict between
discussions herein and similar or related discussions in any of the Governing Documents, the
Governing Documents shall control.