Mirabilis Management Company LLC

Item 5.        Fees and Compensation

A.    Fees Charged

Typically, client accounts, including Funds and separate accounts, are charged a management fee
that ranges from 0.00% to 3.00%. With regard to Funds, the specific management fee is found in
the applicable Fund’s offering documents. In addition, for specific investors in a Fund,
management fees could be lower than that stated in the Fund’s governing documents. With regard
to separate accounts, fees are negotiable based on various factors in the discretion of Mirabilis.

Some of the Funds are subject to a “carry.” In some cases, the carry is equal to 20% of the capital
appreciation of investments, subject to a preferred 8.0% return. The calculation of the carry is
more fully described in the organizational documents for each Fund. Some investors in a Fund
will pay different fee rates than those stated in this Item 5. Investors in any account or Fund should
carefully review the governing documents of the applicable account or Fund for more information
on the relevant percentage carried interest as well as the details as to its calculation.

B.   Fee Payment

Fees for services provided by Mirabilis will be payable quarterly, in advance. If the client
terminates the agreement prior to completion of the services, any unearned fees will be returned
to the client.

C.    Other Fees

There are additional out of pocket fees clients may be expected to bear. These include the legal
fees associated with the closing of investments, diligence expenses and other costs of investment.

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The specific types of expenses not included in the management fee will be outlined in each Fund’s
organizational documents. For separate accounts, expected out-of-pocket expenses will be
outlined in each client’s applicable documents.

Item 7.         Types of Clients

Mirabilis clients include the Funds and institutional investors.