Oak Harbor Capital LLC

Item 5 -- Fees and Compensation
General
Oak Harbor typically receives compensation from fees based either on a percentage of unrecovered
invested capital or assets under management or on a share of net recoveries, all in accordance with the
relevant Governing Documents. All investors and prospective investors should review the Governing
Documents of each Oak Harbor Fund in conjunction with this brochure for complete information on the
fees and compensation payable with respect to a particular Oak Harbor Fund.

Oak Harbor Funds may be subject to different management fees and performance-based compensation
arrangements.

Management Fees
Oak Harbor Funds generally pay an annual management fee to Oak Harbor of 1.75% per annum of the
unrecovered invested capital or assets under management of each Oak Harbor Fund. Oak Harbor in
limited cases may elect to defer or waive all or any portion of any future management fees payable by
the Oak Harbor Fund. Where assets are held by a special purpose entity for the benefit of another Oak
Harbor Fund, Oak Harbor’s policy is to assess a single management fee for the structure and avoid
payment of multiple fees of a single kind against a single pool of assets.

Item 7 -- Types of Clients
Oak Harbor provides advice to the Oak Harbor Funds. The investors in the Oak Harbor Funds may
include corporations, endowments, foundations, trusts, estates, individuals, family offices, and pension
and profit sharing plans.

Each investor in an Oak Harbor Fund must be (1) an accredited investor as defined in Rule 501(a) of
Regulation D under the 1933 Act and (2) a qualified client as defined in Rule 205-3 under the Advisers
Act. Details concerning applicable prospective investor suitability criteria are set forth in the respective
offering memoranda for newly created Oak Harbor Funds, which are furnished to each prospective
investor. Additionally, investors must complete questionnaires in which the investors represent that
they are qualified to invest in an Oak Harbor Fund.

In the future, Oak Harbor or its related persons may also establish certain Oak Harbor Funds or special
purpose or alternative investment vehicles for certain investors or investments (“Feeder Funds”) to
address certain tax or regulatory requirements. Each Feeder Fund, if formed, would be an investor of an
Oak Harbor Fund and interests in such Feeder Fund would be held by the investors who elect to
participate in the Oak Harbor Fund through such Feeder Fund. Investors and prospective investors are
requested to refer to the Governing Documents of the applicable Oak Harbor Fund for complete details
on any Feeder Fund established to invest in an Oak Harbor Fund.

In general, the minimum investment commitment required of an investor to participate in an Oak
Harbor Fund is $250,000. However, Oak Harbor has discretion to increase or reduce the minimum
investment commitment. Investors and prospective investors are requested to refer to the Governing
Documents of each of the Oak Harbor Funds for complete information on advisory fees and minimum
investment requirements for participation in a particular Oak Harbor Fund.