Northern Lights Capital Group LLC

Item 5 – Fees and Compensation
For Pooled Investment Vehicles:

Northern Lights is wholly owned by Aurora Trust, and its operational budget is approved by
Aurora Trust’s corporate budgeting process.

For Other Clients:

For any other private funds Northern Lights may manage in the future, compensation will be
determined in accordance with the governing documents for such other private funds.
Compensation will be negotiated or determined at the time each such other private fund is
created. Negotiations over fees and services typically involve Northern Lights and its partners
or existing and potential fund investors, who are often large financial institutions or other
institutional investors. Because of the nature of Northern Lights’ business, Northern Lights
does not have a fee schedule.

Compensation to Distributors:

With respect to Aurora Trust, Distributors, in some instances, has been hired to sell the
investment products of Aurora Trust’s portfolio companies, principally to US institutional
investors investing directly with the portfolio. In such cases, Distributors and its
representatives may receive sales and solicitation compensation directly from the portfolio
company. Sales of portfolio company investment products and services are intended to
increase the portfolio companies’ assets under management, which in turn increases the value
of the portfolio company to Aurora Trust and its investors.

Sales are not made to Northern Lights’ advisory clients. Distributors does not have customers,
and sales made by Distributors are solely as a finder and solicitor. Distributors does not sell
or market securities of Aurora Trust or its investors.

Item 7 – Types of Clients
As of the date of this Brochure, Northern Lights provides investment services only to Aurora
Trust, an Australian Trust for which Aurora Investment Management Pty. Ltd. serves as
Trustee.