Neo-Criterion Capital Limited

Item 5: Fees and Compensation

A. Management Fee

NCC charges the Fund a fee for its investment management services based on assets under
management (the “Management Fee”), which set forth in the Fund’s offering documents. With
respect to all share classes, the Firm receives an annual management fee ranging up to 1.1% per

Neo-Criterion Capital Limited                                             Form ADV Part 2A

annum in respect of the net asset value (“NAV”) of the Fund. The Management Fee is payable
quarterly in arrears as soon as practicable after the end of each calendar quarter.

The Firm may, in its sole discretion, waive, rebate or decrease the Management Fee that is payable
in whole or in part, in respect of each share class at any time.

The Fund may from time to time enter into Side Letters providing for changes in management fees
and performance allocation.

B. Brokerage Fees

The Fund is responsible for paying any and all brokerage fees including, without limitation,
commissions, annual fees, brokerage charges, bank charges, registration fees, clearing and
settlement charges, taxes and/or duties.

C. Other Fees and Expenses

The Fund pays various ongoing operational expenses, including but not limited to, accounting,
auditing, tax preparation, legal, administration, research, and trading costs. The Fund may incur
brokerage and other transaction costs.

Fees and compensation are generally deducted from the assets of each Fund on a quarterly basis.

Item 6: Profit Allocation Percentage / Performance-based Fee

The pro-rata profit allocation percentage fee (“Profit Allocation Percentage”) for certain share
classes of the Fund is charged, subject to a high water mark, in an amount equal up to 20% per
annum of the increase in NAV attributable to investment performance. Profit Allocation
Percentage is paid on an annual basis (or at the time of redemption by an investor).

Item 7: Types of Clients/ Eligible Investors

NCC provides investment management services to the Fund. Investors in the Fund primarily
consist of institutional investors and high net worth individuals.

The minimum initial investment amount for the Fund is generally US$100,000 and the minimum
subsequent investment amount is US$100,000. In certain circumstances, minimum investment
amounts may be amended by directors in consultation with the Firm.