Newmile Capital LLC

Item 5.     Fees and Compensation

The Firm will be paid an advisory fee by the Sub-Advised Clients (calculated as either a fixed amount or as
a percentage of assets), and expects to be paid an asset-based advisory fee with respect to the NewMile
Funds, in each case as set forth the applicable Governing Documents. For information on brokerage and
transaction costs, see Item 12 - Brokerage Practices.

Item 7.        Types of Clients

Investors in the Funds are generally expected to be high net worth individuals and institutional investors
that qualify as “accredited investors” (as defined in Rule 501 under the Securities Act of 1933, as amended)
and qualified purchasers. The minimum initial investment in any Fund is set forth in such Fund’s Governing
Documents. The Firm may waive such minimum under certain circumstances.