Nishkama Capital LLC

Item 5. Fees and Compensation
The Adviser charges the Clients an asset-based investment management fee (the “Management Fee”). The
Adviser, or an affiliate of the Adviser that serves as the general partner of one of the Funds (the “General
Partner”), is also eligible to receive from the Clients either an incentive fee (the “Incentive Fee”) or an
incentive allocation (the “Incentive Allocation”), which is compensation based on a share of realized and
unrealized appreciation of the Clients’ assets. Fund investors are subject to the Management Fee and
Incentive Allocation indirectly through their investment in the Funds.

Depending on the Client, the Management Fee is generally payable either monthly or quarterly in arrears
or quarterly in advance and is generally at an annual rate of 1.5%. The Management Fee will be prorated
for any period that is less than a full fiscal quarter and will be adjusted for subscriptions and withdrawals.
Depending on the Client, the Adviser instructs the Client’s custodian to deduct the Management Fee from
the Client’s account or bills the Client for fees incurred.

The Incentive Fee or Incentive Allocation charged to certain Clients is generally 20% of the Clients’ net
profits (including any realized and unrealized gains and losses) and is subject to a loss carry-forward
provision. With respect to the Funds, the Incentive Allocation, if any, will be reallocated to an affiliate of
the Adviser and related persons at the end of each fiscal year, or at the time of an investor’s full or partial
withdrawal from a Fund, if other than year end. The Incentive Fee, if any, will be billed to other Clients at
the end of each fiscal year or at the time of a full or partial withdrawal from a Client, if other than year end.
In addition, with respect to certain Client(s), the Adviser is eligible to receive a discretionary based
performance fee as determined by the respective Client.

In addition to paying the Management Fee and allocating the Incentive Allocation or paying an Incentive Fee,
certain Clients are subject to other investment expenses, including, but not limited to, investment related
expenses such as the Client’s brokerage commissions (see Item 12), interest on margin accounts and other
indebtedness, custodial fees, bank service fees, withholding and transfer fees, taxes, systems and technology
expenses, third party research tools, corporate licensing fees, legal and auditing expenses, accounting, fund
administration, outsourced risk management advisory and software, investment related consultants and travel
costs that are research related, technology and computer services, Client related insurance costs and
indemnification payments (including insurance for the Adviser and General Partner), costs and expenses
relating to the Client’s, Adviser’s and General Partner’s regulatory compliance, including, without limitation,
the costs of compliance programs, examinations, and regulatory, costs of Foreign Account Tax Compliance

Act (“FATCA”) and other tax-related compliance, expenses incurred with respect to the preparation,
duplication and distribution to limited partners and prospective limited partners of Client offering documents,
annual reports and other financial information, any other services or service provider expenses deemed
necessary by the General Partner on behalf of a Fund.

It is important that each investor who is considering an investment review the relevant private placement
memorandum, limited partnership agreement, management agreement, and/or subscription agreement
(individually and collectively, the “Governing Documents”) applicable to the Client for a detailed
description of the fees and expenses applicable to such investment.

Depending on the Client, the Adviser or General Partner, in its sole discretion, may waive or reduce the
Management Fee, Incentive Fee or the Incentive Allocation for Clients or limited partners that are
principals, employees or affiliates of the General Partner or the Adviser, relatives of such persons, and for
certain large or strategic investors.

Item 7. Types of Clients
As described in Item 4, the Adviser’s Clients are Funds and Accounts suitable for accredited, institutional
and other sophisticated investors and Accounts. Generally, the minimum capital contribution for an
investment in the Adviser’s Funds is $500,000 and the minimum additional investment is $100,000. In each
case, however, the Adviser and/or its affiliates have sole discretion to accept lesser amounts. Terms for
Accounts are individually negotiated.