NK Capital LLC

Item 5: Fees and Compensation
  A. Our fees are negotiable and vary depending on the client. Generally, Managed Account clients
     pay Adviser an annualized management fee of 0.50%, ranging up to 1.4%, charged either
     monthly or quarterly based on the fair market value of the account.

      In addition, Managed Account clients that are qualified clients, dependent on their investment
      management agreement, may pay Adviser an annual performance fee (the "Performance Fee")
      generally in an amount equal to twenty percent (20%) of the calendar year capital appreciation of
      the account in excess of the "hurdle". This will be generally calculated as the year end value of
      the account, less applicable expenses for such year, less the "hurdle" defined as the product of
      (A) 1.10 and (B) each client's beginning "high water mark" for such year.

      Investors in the Fund will generally be subject to (i) a quarterly management fee, payable in
      advance, equal to 1/4th of 0.50% (0.50% per annum) of such investor’s capital account balance
      as of the beginning of each quarter (the “Management Fee”); and (ii) an annual incentive
      allocation equal to 20% of each investor’s ratable share of the Fund’s profits for such year in
      excess of in excess of a “hurdle”, generally representing a rate of return calculated as the product
      of 1.10 and each capital account’s “high water mark” (the “Incentive Allocation”).

      Fees associated with Adviser’s management of independent and unaffiliated Pooled Investment
      Vehicles are subject to the investment management agreement with such vehicle’s sponsor.

      In addition, clients and investors should be aware that the accounts of the Adviser and its
      affiliated personnel are not assessed the management fee, performance fee, or incentive
      allocation.

  B. In addition to the fees charged by Adviser, Managed Account clients will incur brokerage and
     other transaction costs. Please refer to Item 12: Brokerage Practices, for further information on
     such brokerage and other transaction-related practices. Clients will also typically incur additional
     fees and expenses imposed by independent and unaffiliated third-parties, which can include
     qualified custodian fees, mutual fund or exchange traded fund fees and expenses, mark-ups and
     mark-downs, spreads paid to market makers, wire transfer fees, check-writing fees, certain
     deferred sales charges on previously-purchased mutual funds, margin fees, charges or interest,
     IRA and qualified retirement plan fees, and other fees and taxes on brokerage accounts and
     securities transactions. The Fund and other independent and unaffiliated Pooled Investment
     Vehicle clients will incur additional fees and costs as described in the Fund Documents
     associated with such vehicle. Such fees and costs can include, for example, legal fees and
     expenses, all trading expenses and transaction costs, all filing and recording fees, and all
     applicable federal, state, local and foreign taxes payable by the Fund. These additional charges
     are separate and apart from the fees charged by Adviser.

  C. Generally, if Adviser or a Managed Account client terminates the advisory agreement before the
     end of a billing period, Adviser’s fees will be prorated through the effective date of the termination.
     Investors in the Fund are subject to the withdrawal limitations and associated pro-rata fees as
     described in the Fund Documents.

  D. Neither Adviser nor any of its supervised persons accepts compensation for the sale of securities
     or other investment products.

                                      Date of Brochure: March 30, 2026

Item 7: Types of Clients
Adviser generally provides its services to high-net-worth individuals, including family offices and family
trusts, and Pooled Investment Vehicles. The minimum account value required to open and maintain an
account with Adviser is $250,000, subject to negotiation.

                                        Date of Brochure: March 30, 2026