New Peak Capital Partners LLP

Item 5.        Fees and Compensation

Management & Performance Fees

New Peak is entitled to receive monthly management fees and annual performance fees or
incentive allocations (for the onshore funds). All performance fees and incentive allocations are
subject to high water marks which are recorded at the individual share or partnership interest
level (for the onshore funds). Details of both fee types are set out in detail in the respective
prospectus or offering memorandum (“OM”) of each Fund. In general management fees range
from an annual fee of 1.0 per cent to 2.0 per cent of net asset value (“NAV”) and are charged
monthly in arrears and performance fees or incentive allocations vary between 15% and 20% of
share or partnership interest appreciation after taking into account all relevant high water marks.
The lower fee ranges are normally applied to investor or partnership capital which is either locked
up or represents a significant capital amount within the Funds. Additionally and in its sole
discretion, New Peak may waive or partially waive these fees for any investor, including related
persons of New Peak, or enter into agreements known as side letters with certain investors which
provide, inter alia, for reduced fees.

Expenses

In addition to the management and performance fees, each Fund will bear certain trading,
financing, operating and administrative expenses as set forth in detail in the Funds’ OMs. These
expenses include, but are not necessarily limited to, brokerage services and other transaction
fees, administration fees, custody fees, legal fees, accounting fees, audit fees, filing fees,
directors’ fees, research fees and other operational fees.

Redemption Fees

Certain share classes and partnership interests within the Funds are subject to a 3%
redemption fee on all redemption proceeds or withdrawals made prior to the first anniversary
date of such subscription or contribution.

Item 7.       Types of Clients

New Peak provides discretionary investment advisory services to private fund clients. Applicable
minimum investment criteria are disclosed in the respective Funds’ OMs. Investors in these
Funds are typically institutional investors or high net worth individuals and are “accredited
investors” and “qualified purchasers” within the meaning of the Securities Act of 1933 and the
Investment Company Act of 1940 respectively.

The Funds all follow the same investment strategy but with varying degrees of leverage and are
therefore formed as two separate master-feeder structures.

The New Peak Flagship Funds:

New Peak Master Fund Ltd and its associated feeder funds – New Peak Fund Ltd and New Peak
Fund LP. The feeder funds will invest substantially all of their assets in the Master Fund.

New Peak Master Fund Ltd was incorporated in the Cayman Islands on 25th September 2012
with registration number 271963.

New Peak Fund Ltd was incorporated in the Cayman Islands on 25th September 2012 with
registration number 271960.

New Peak Fund LP was incorporated in the State of Delaware, United States of America on 9th
October 2012 with registration number 5224762.

The New Peak Enhanced Funds:

New Peak Enhanced Master Fund Ltd and its associated feeder funds – New Peak Enhanced
Fund Ltd and New Peak Enhanced Fund LP. The feeder funds will invest substantially all of their
assets in the Enhanced Master Fund. The Enhanced Master Fund follows the same strategy as
the Benchmark Master Fund but with a 1.5x leverage factor.

New Peak Enhanced Master Fund Ltd was incorporated in the Cayman Islands on 12th August
2014 with registration number 290772.

New Peak Enhanced Fund Ltd was incorporated in the Cayman Islands on 12th August 2014
with registration number 290775.

New Peak Enhanced Fund LP was incorporated in the State of Delaware, United States of
America on 25th November 2014 with registration number 5645547.