Oaklawn Capital Management LLC

Item 5 – Fees and Compensation
The specific manner in which fees are charged by the Firm is established in a client’s written
agreement. Clients are charged up to 50% of performance fees as more fully described below in Item 6.
No additional fees based on assets under management are charged. Fees are negotiable.

Fees will be billed to the client as specified in the advisory agreement. The amount of the fee will be
calculated based on Net Profits, as described in Item 6. The invoice will detail all fee calculations. There
is no minimum annual fee.

The advisory fees and transaction charges do not cover charges imposed by third-parties for investments
held in the account, such as commissions or similar transaction-based fees, agreed upon expenses,
contingent deferred sales charges or 12(b)-1 trails on mutual funds. In addition, each mutual fund charges
asset management fees, which are in addition to the advisory fees charged by the Firm. Accounts may
require a minimum advisory fee or quarterly maintenance fee that will be detailed in the applicable
advisory agreement. The Management Fee also does not cover fees and charges in connection with: debit
balances; margin interest; odd-lot differentials; IRA fees; transfer taxes; exchange fees; wire transfers;
extensions; non-sufficient funds; mailgrams; legal transfers; bank wires; postage; costs associated with
exchanging foreign currencies; and SEC fees or other fees or taxes required by law.

Upon written receipt of notice to terminate its client agreement and unless specific transfer instructions
are received, Oaklawn and its agent will cease advisory services. Should the client provide specific
instructions to liquidate, Oaklawn will proceed with liquidation of the client’s account in an orderly and
efficient manner. There will not be a charge by Oaklawn for such redemption; however, the client
should be aware that certain mutual funds impose redemption fees as stated in each company’s fund

prospectus in certain circumstances. Clients must keep in mind that the decision to liquidate security
issues or mutual funds may result in tax consequences that should be discussed with the client’s tax
advisor. Factors that could affect the orderly and efficient manner would be size and types of issues,
liquidity of the markets, and market makers’ abilities. Should the necessary securities markets be
unavailable and trading suspended, efforts to trade will be done as soon as possible following their
reopening. Due to the administrative processing time needed to terminate client’s investment advisory
service and communicate the instructions to client’s Investment Advisor, termination orders received
from clients are not market orders; it may take several business days under normal market conditions to
process the client’s request. During this time, the client’s account is subject to market risk. Oaklawn
and its agent are not responsible for market fluctuations in the client’s account from time of written
notice until complete liquidation. All efforts will be made to process the termination in an efficient and
timely manner.

Item 7 – Types of Clients
Oaklawn provides portfolio management services to corporations, business entities, and other
institutions that are “Qualified Purchasers” as defined in section 2(a)(51)(A) of the Investment Company
Act of 1940. The minimum account size is $1 million. Oaklawn has the discretion to waive the account
minimum.