Larch Capital Partners LLC

Item 5 – Fees and Compensation

Basic fee schedule:

Discretionary Accounts

                •     $5,000,000 to $20,000,000 – 1.00%
                •     $20,000,001 to $30,000,000 – 0.75%
                •     $30,000,001 to $50,000,000 – 0.65%
                •     Above $50,000,001 – 0.50%

Non-discretionary Accounts

For non-discretionary accounts, Larch Capital will discuss a fee arrangement with each account
individually.

The fee grid above is the Firm’s standard guideline; however, fees are negotiable depending upon the
needs of the client and complexity of the situation and the final fee schedule is attached to the
Investment Management Agreement. Fees are generally paid quarterly in arrears, in accordance with
their client agreement, and clients may terminate their contracts with thirty days’ written notice.
Clients may terminate their contracts without penalty, within five (5) business days of signing the
advisory contract. Advisory fees are withdrawn directly from the client’s accounts with client written
authorization; however, clients may also be billed and make direct payments to the Adviser via wire
transfer.

Additional Fee Information

Clients may authorize the Firm to directly debit management fees from client accounts on a quarterly
basis. In such instances, management fees are prorated for each capital contribution and withdrawal
made during the applicable calendar quarter. Accounts initiated or terminated during a calendar
quarter will be charged a prorated fee.

Client fees will be deducted from the Client’s account held at the custodian or may be billed for
direct payment from the client. Larch Capital will invoice the custodian and the Client regarding
the fees to be deducted in the client’s account.

                                            201 S. Biscayne Boulevard
                                                     Suite 900
                                                Miami, FL 33131
                                                 (786) 677-4120                             6

The Firm’s fees are generally exclusive of brokerage commissions, transaction fees, and other
related costs and expenses which shall be incurred directly by the client. Clients may incur certain
charges imposed by custodians, brokers, and other third parties such as fees charged by fund
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer
and electronic funds fees, and other fees and taxes on brokerage account and securities
transactions. Mutual funds and exchange traded funds also charge internal management fees,
which are disclosed in a fund’s prospectus. It is the Firm’s policy not to accept “kickbacks” or
retrocession fees from any third unaffiliated party providing services to the Firm’s clients.

Termination of the Agreement

Although Agreements between Larch Capital and its clients are ongoing agreements and
adjustments may be required, the length of service to the client is at the client’s discretion. The
client or the investment manager may terminate an Agreement by written notice to the other
party with a thirty–day (30) advance notice or as agreed upon otherwise between the client and
the Firm.

Item 7 - Types of Clients

Larch Capital provides asset and/or portfolio management services to individuals, high net worth
individuals and Corporations. The Firm ordinarily requires each account to have a minimum of
$5,000,000, although smaller amounts may be accepted and maintained at the discretion of the
Firm.