Muirfield Capital Global Advisors LLC

Item 5. Fees and Compensation

The Adviser is paid a quarterly management fee in advance ranging from 1.25%-1.50% per annum of the
capital contributions made to the Clients, as further described in the offering document of the Clients.

The general partner (or related persons of the general partner) of a client (but not the Adviser) will be
entitled to be paid performance-based compensation by the client (see Item 6 for further detail).

With respect to investors in the client, the Adviser may waive, reduce or modify the investment
management fee.

The Adviser deducts the investment management fee from client accounts by instructing the client’s
custodian.

In addition to paying investment management fees and, if applicable, performance-based compensation,
clients will also be subject to other investment expenses such as including legal, accounting, auditing
(including custody audits), administration and other professional expenses including, but not limited to,
regulatory compliance, filings and reporting expenses (to the extent related to the client or any insurance-
related instruments), organizational expenses, research and servicer expenses (including any fees
related to the sourcing of the client’s investments and collecting and recovering amounts related to the
client’s investments, legal fees and expenses related to a given investment as well as those related to
collecting and recovering amounts and reasonable travel expenses), client-related insurance costs
(including directors and officers and errors and omissions insurance for Adviser and Adviser affiliate
liability), investment expenses such as commissions, interest on margin accounts and other
indebtedness, fees and expenses of any third-party valuation agents and/or pricing services (and related
software and subscriptions), custodial fees, bank service fees, compliance expenses (including but not
limited to expenses related to compliance or regulatory filings, including Form PF, Section 13 and Section
16 filings), investment expenses such as commissions, custodial fees, bank service fees, insurance
(including D&O and E&O insurance), margin interest, and other expenses related to the purchase, sale,
preservation or transmittal of the client assets (including legal fees) as determined by the Adviser in its
sole discretion.

A related person of the Adviser is a shareholder of the Insurance Claim Client’s general partner and
receives a portion of the general partner’s performance fee.

Item 7. Types of Clients

The Adviser’s discretionary clients currently consist of private funds intended for experienced and
sophisticated investors. Any initial and additional subscription minimums are disclosed in the offering
memorandum for such clients.