Kudu Investment Holdings LLC

Item 5 ‐ FEES and COMPENSATION

A brief summary of fees is provided below. Investors should refer to the pooled investment vehicle’s
offering documents or investment management agreement, as applicable.

A.      Advisory Fees and Compensation

KIH does not currently charge a management fee, but instead operates in accordance with an annual
operating budget that is approved by its Board, including setting compensation of management personnel.

Performance‐Based Compensation

Performance‐based compensation for the pooled investment vehicle will be negotiated with each individual
investor.

B.      Other Fees and Expenses

In addition to paying performance‐based compensation, the Client advised by KIH will be subject to
investment and other expenses, including without limitation,

(i) the holding, monitoring and sale of investments; (ii) ongoing legal, auditing, consulting, accounting,
valuation services, loan servicing and other professional expenses; (iii) expenses for the preparation of
Client financial statements, tax returns and Schedules K‐1; (iv) expenses in connection with the collection
of amounts due to Client; (v) the pro rata share of insurance premiums, including key‐man insurance
protection on management personnel of underlying portfolio companies; (vi) fees and expenses related
to a Client’s administrator, if any; and (vii) expenses incurred in connection with litigation, proceedings
and indemnification.

Neither KIH nor its covered persons accepts compensation for the sale of securities or other investment
products, including asset based sales charges or service fees.

Item 7 ‐ TYPES OF CLIENTS

Description

KIH provides advisory services to a pooled investment vehicle. The minimum initial investment and
subscription minimums in the pooled investment vehicle are found in the Fund Documents.