Marinus Capital Advisors LLC

Item 5: Fees and Compensation
Marinus’ fees and compensation are described in the advisory contracts it enters with its clients.
All of the investors in the Funds and the separately managed account advised by Marinus are
“qualified purchasers” (as defined in Section 2(a)(51) of the Investment Company Act of 1940, as
amended (the “1940 Act”)).

Marinus generally deducts its management fees from the Funds monthly in advance. Once paid, the
management fee is non-refundable. Marinus receives performance-based allocations from the
Funds on an annual basis in arrears and upon redemptions by investors.

The Funds generally will pay, or reimburse Marinus for advancing, the Funds’ operating expenses,
including, but not limited to, expenses related to the offering of interests, filings, administration and
audit expenses, any and all fees for research and analytics (including on-line news and quotation
services, Bloomberg service, Intex, etc.), research materials and research-related travel and due
diligence, interest on margin accounts, legal, accounting and professional fees, insurance costs,
consulting fees, borrowing charges on securities sold short, custodial fees, trustees fees, brokerage
commissions, bank service fees, interest on loans and debit balances, any taxes applicable to the
Funds on account of their operations and/or investments, and any and all expenses related to the
management and operation of the Funds as well as the purchase, sale or transmittal of assets, as
Marinus shall determine in its discretion. The Funds will also be responsible for their organizational
fees and expenses.

Form ADV Part 2A Brochure | Marinus

The separately managed account pays a management fee quarterly in arrears. Marinus receives a
performance-based allocation from the separately management account on an annual basis in arrears
and upon withdrawals by the investor. The expenses that are charged to the separately managed
account are set forth in the advisory contract for such separately managed account.

Marinus may also allocate a portion of the Funds’ capital and/or the capital of the separately
managed account to money market funds, exchange-traded funds and other products that pay fees
to their respective managers. In addition to the fees and expenses discussed above, the Funds and
the separately managed account will indirectly incur similar fees and expenses if Marinus invests
their capital in such products, as these vehicles in turn pay similar fees and expenses to their
investment managers and other service providers.

Please see Item #12 for discussion of our brokerage practices.

Item 7: Types of Clients
Marinus provides investment advisory services to the Funds as well as a separately managed
account. Investors therein may include, but are not limited to, high net worth individuals, family
offices, funds of hedge funds, endowments, sovereign wealth funds, foundations, trusts, charitable
organizations, pension plans, and corporate or business entities.

Form ADV Part 2A Brochure | Marinus

Details concerning applicable investor suitability criteria are set forth in the respective Fund’s
offering documents and subscription materials. The minimum commitment for an investor in a Fund
is outlined in the respective governing documents for each Fund, but is generally $3 million.
However Marinus maintains discretion to accept less than the minimum investment threshold. Each
investor is required to meet certain suitability qualifications, such as being an “accredited investor”
within the meaning set forth in Regulation D under the Securities Act, as amended, and, for certain
clients, a “qualified purchaser” as defined in Section 2(a)(51) of the Investment Company Act, as
amended. If Marinus determined to require a minimum investment for any separately managed
account, Marinus would make that determination on a case by case basis.