One River Asset Management LLC

ITEM 5 – FEES AND COMPENSATION

Item 5.A
Describe how you are compensated for your advisory services. Provide your fee schedule.
Disclose whether the fees are negotiable.

At the end of each month, Clients will pay a management fee (the “Management Fee”) to One River
equal to a percentage per annum of the net asset value of the applicable Client SP and share class as of
the beginning of each calendar month. The Management Fee is calculated and paid in arrears. An
additional Management Fee will be charged on a prorated basis on any subscription on any date other
than the first day of a calendar month, and a prorated portion of the Management Fee will be repaid to
the Client and distributed to redeeming Investors on any redemption on any date other than as of the
last day of a calendar month; provided that the Management Fee is in excess of the minimum per annum
Management Fee. Investors should carefully review the Clients’ Governing Documents for additional
details regarding One River’s fee schedule.

At the end of each calendar year, the Client SPs will pay One River a performance fee (the
“Performance Fee”) equal to a percentage of the net appreciation in the net asset value of the Client SP
and share class during such calendar year in excess of the highest net asset value of such share as of
the end of any prior calendar year or, if higher, on the date of issuance of such share.

Where One River engages a Sub-adviser to provide advisory services to a Client SP, One River will
pay the Sub-adviser a percentage of each of the monthly Management Fee and the annual Performance
Fee (as defined in the applicable governing documents).

In certain cases, One River may waive the Management Fee or the Performance Fee for selected
Investors in a vehicle. Investors should carefully review the Client’s Governing Documents for
additional details regarding One River’s fee schedule. Fees related to One River’s separately managed
account Clients (when applicable) are individually negotiated.

Item 5.B
Describe whether you deduct fees from clients’ assets or bill clients for fees incurred. If clients
may select either method, disclose this fact. Explain how often you bill clients or deduct your
fees.

With respect to the Fund Clients, One River typically receives its fees from the applicable Client
directly from the Client’s assets. Investors do not have the ability to choose to be billed directly for fees
incurred.

As noted above, Management Fee is generally payable on arrears at the end of each month and the
Performance Fee is payable at the end of each calendar year.

With respect to SMA Clients, One River does not deduct fees or other expenses directly from such
Clients, nor does it have the authority to do so without the Client’s consent. The fee payment is
processed via an invoice that is delivered to the SMA Client, which will then authorize the payment.

It is critical that Investors and Clients refer to the relevant Governing Documents, as applicable,
for a complete understanding of how fees are paid to One River. The information contained
herein is a summary only and is qualified in its entirety by such documents.

Item 5.C
Describe any other types of fees or expenses clients may pay in connection with your advisory
services, such as custodian fees or mutual fund expenses. Disclose that clients will incur
brokerage and other transaction costs, and direct clients to the section(s) of your brochure that
discuss brokerage.

One River will bear the cost of all personnel, office space, office equipment, supplies and other
necessary operating, administrative and clerical costs.

All other expenses are borne by the Clients, including, without limitation, legal, internal and external
accounting, auditing, administrator and other professional expenses, insurance, actual and proposed
transaction expenses(including for transactions that fail to close), transaction-related research expenses,
pricing and valuation costs and expenses, custodian fees, taxes on securities transactions and other tax
services and fees, entity- level taxes, interest on borrowed moneys, brokerage fees and commissions
and any other similar fees, clearing expenses, litigation expenses, expenses related to regulatory filings
(including but not limited to Form PF), costs of communication with or holding meetings of
Investors/Clients, expenses incurred in connection with the preparation and delivery of reports of the
Clients and extraordinary expenses.

The offering and organizational expenses, including external legal and accounting expenses, incurred
in connection with the offerings of interests in the Clients are allocated to the applicable Client.

Each Client SP shall bear all expenses associated with its investment activities and operations and will
bear its pro-rata share of all expenses incurred in connection with transactions effected or positions
held on its behalf. Generally, each SP will pay its pro rata share of Client expenses that are not
specifically allocable to any particular SP (including, without limitation, custodial fees, clearing fees,
brokerage commissions, interest and commitment fees on loans and debit balances, withholding or
transfer taxes, research, data, trade management, and risk analytics or any other expenses described in
the relevant Governing Documents).

In the event that audit expenses, administrative fees, data fees, directors fees, regular legal and
professional fees, annual government fees, research fees, formation fees and organizational expenses
of a Client SP for any fiscal year exceed, in the aggregate, the applicable capped percentage specified
in the relevant PPM supplement (the “Expense Cap”), One River and/or its affiliates, and not the
Investors, will pay the such expenses in excess of the applicable capped percentage. Excluded from the
Expense Cap, however, are expenses relating to: (a) indemnification; (b) litigation involving the Fund;
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ITEM 7 – TYPES OF CLIENTS

Describe the types of clients to whom you generally provide investment advice, such as individuals,
trusts, investment companies, or pension plans. If you have any requirements for opening or
maintaining an account, such as a minimum account size, disclose the requirements.

 One River provides investment advisory services to the Funds and separately managed accounts.
 Investors in the Funds must satisfy certain eligibility requirements. Specifically, interests in the Funds
 are offered to Investors who are (i) accredited Investors within the meaning of Rule 501(a) of Regulation
 D under the U.S. Securities Act of 1933, as amended (“Accredited Investors”); (ii) qualified purchasers
 as defined in Section 2(a)(51) of the U.S. Investment Company Act of 1940, as amended (“Qualified
 Purchasers”); and (iii) non-U.S. Investor. The minimum initial investment amount is either $100
 thousand or $10 million, depending on the Fund (or SP) in which an Investor subscribes. Lesser amounts
 may be accepted at the sole discretion of One River.

 In the future, One River fully expects that any new investment funds or SPs it launches will have similar
 eligibility and capital commitment requirements.

 Minimum investment amounts related to One River’s separately managed account clients (when
 applicable) are individually negotiated.