Logica Capital Advisers LLC

ITEM 5:               FEES AND COMPENSATION

LCA is compensated through asset-based fees and performance-based fees. 1 Asset-based fees are typically
annual fixed fees based on AUM. A performance or incentive fee is based upon a percentage of the net
profits of the account being managed. Typically, when calculating net profits, performance fees are based
on absolute or benchmark-relative returns over an agreed upon time period and are subject to high water
marks or loss carryforwards. As more fully described below, LCA either bills or deducts fees in arrears,
according to the terms of the pertinent Advisory Agreement or other governing documentation. Upon the
discretion of the LCA, fees are negotiable.

Management Fee

For investment management services that the Adviser renders to the Clients, the Adviser generally receives
an annual fixed management fee of up to one- and one-half percent (1.5%) of assets under management
(“AUM”) (generally including, but not limited to, cash balances and cash invested in money market funds,
notional value, typically payable monthly in arrears at the rate of one twelfth (1/12) of Client net asset
value, and calculated as of the last day of each month (“Management Fee”), unless such Management Fee
is subsequently waived, reduced or modified, at the LCA’s sole and absolute discretion.

Performance Fee

The Adviser also generally receives a performance fee or incentive allocation of either fifteen percent (15%)
or twenty percent (20%) of net profits, depending on the Client (“Performance Fee”). LCA may, in its
sole and absolute discretion, waive or reduce the Management Fee and/or Performance Fee charged with
respect to one or more Clients or investors for any period of time, or agree to apply a different Management
Fee and/or Performance Fee for that Client, without obtaining the consent of other Clients or investors (as
applicable).

LCA Funds

LCA and its affiliates enter into side letters with investors in its Funds to waive or modify the standard
terms of such Fund in respect of a particular subscriber. Certain investors have enhanced liquidity terms
and/or a reduced audit hold back. In addition, certain investors in a Fund who are employees, business
associates and other “friends and family” of LCA, its affiliates or their personnel will typically not pay
management fees or other performance fees in connection with their investment in a Fund or may pay a
reduced rate. Consequently, fees charged to certain investors may deviate from the standard fees disclosed
in a Fund’s offering documents. For its Funds, LCA has the absolute discretion, subject to its fiduciary
duty, to agree with investors, particularly with respect to those investors who are large or strategic investors,
to waive or modify the application of any provision of a Fund’s limited partnership agreement (including,
but not limited to, those relating to liquidity, investment capacity, fees, and transparency). Moreover, with
respect to such investors, LCA remains subject to its fiduciary obligations, its duties under the Investment
Advisers Act of 1940, as amended (“Advisers Act”) and any terms negotiated through side letters.

Each of LCA’s Funds will incur its own direct expenses and pass-through expenses. In addition to the
obligation to pay the applicable Management Fee and Performance Fee, each Fund also pays or reimburses
the Investment Adviser, the General Partner and their respective affiliates, for: (i) all expenses incurred in
connection with the ongoing offer and sale of each Fund’s limited partnership interests, including but not
limited to documentation of performance and the admission of limited partners; (ii) all operating expenses

1   Throughout this Brochure, the term “performance fee” means performance fee or incentive allocation, as applicable.

of the Fund such as tax preparation fees, governmental fees and taxes, administrator fees, insurance,
communications with limited partners and ongoing legal, accounting, auditing, bookkeeping, investment
advisory fees, custodial fees, bank service fees, compliance fees and expenses, licensing and regulatory
fees (including blue sky filing fees and expenses), interest expense, consulting and other professional or
advisory fees and expenses; (iii) all trading and investment related costs and expenses, e.g., brokerage
commissions, margin interest, dividends, expenses related to short sales, custodial fees, execution, clearing
and settlement charges, investment banking fees, data and technology costs (which may include, without
limitation, software, hardware, maintenance, and programming), research and development costs (which
may include, without limitation, consulting, compensation to talent, and related professional services), costs
associated with the use or acquisition of intellectual property, hedging related costs, and all other transaction
costs incurred in connection with any investment, or potential investment, and associated due diligence
costs; (iv) professional and other advisory and consulting and/or travel expenses incurred in connection
with investment due diligence, monitoring or the assertion of rights or pursuit of remedies (including,
without limitation, pursuant to bankruptcy or other legal proceedings, or participation in informal
committees of creditors or other security holders of an issuer); (v) external data services and providers
(including but not limited to live or historical pricing, analysis, news, or rating feeds) and software and
hardware expenses included in identifying and monitoring investment opportunities; and (vi) all fees and
other expenses incurred in connection with the investigation, prosecution or defense of any claims by or
against the Fund. The Adviser and the General Partner, in their sole discretion, may from time to time pay
for any of the foregoing Fund expenses or waive their right to reimbursement for any such expenses as well
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ITEM 7:         TYPES OF CLIENTS

LCA provides investment management services through privately offered pooled investment vehicles
(“Funds”), and through separately managed accounts (“SMAs”), as well as investment sub-advisory
services to third-party pooled investment vehicles. LCA generally provides its services and markets its
Funds, separately managed accounts, and sub-advisory services to institutional investors and high-net-
worth individual investors capable of understanding the risks of their investments. LCA’s investors consist
of foundations, governmental entities, financial institutions, operating companies, institutional clients,
family offices, fund of funds, and high-net-worth individuals. Interests in Funds are offered only to those
investors who qualify as (i) “qualified clients” within the meaning of Rule 205-3 under the Advisers Act,
as amended, and (ii) “accredited investors”, as defined in Regulation D under the Securities Act of 1933,
as amended, and (iii) where applicable, “qualified purchasers” within the meaning of Sections 2(a)(51) of
the Investment Company Act of 1940, as amended.

Each of LCA’s pooled investment vehicles (or Funds) has a minimum investment requirement disclosed in
the applicable private placement memorandum and/or limited partnership agreement. LCA may, and in
many cases has, accepted initial investments in its pooled investment vehicles below the stated minimums.
These situations are evaluated on a case-by-case basis and include consideration of whether the investor
has an existing investment in any other of LCA’s pooled investment vehicles or has an expectation of
fulfilling the stated minimum requirement over a relatively short period of time. Additionally, LCA
manages separate accounts and sub-advisory services, where there is no stated minimum investment,
although all such accounts exceed the minimum requirements of comparable pooled investment vehicles.