Onslow Capital Management Ltd

Item 5: Fees and Compensation

A.      Compensation

Onslow typically charges the following fees:

(1)   Management fees, which are fixed and calculated as a percentage of assets under
management. The standard management fee rate is 1.5% per annum; and

(2)    Performance fees, which are variable, charged as a percentage of positive annual
performance, and which may be subject to a high water mark. The standard performance fee rate is
20% of positive annual performance.

Onslow may in its discretion offer a different fee structure to any investment advisory client or to
any particular investor in any pooled investment fund that it manages. Onslow employees who are
invested in the commingled fund are not charged a performance fee.

No other fees, commissions or other type of compensation is received by Onslow, its principals or its
employees in relation to the provision of investment advisory services.

B.      Fee Billing

Management fees are calculated and charged monthly in arrears. Performance fees are calculated
and charged annually in arrears, or on a redemption of capital by an investor other than at year end.
Fees are calculated by the independent fund administrator who is responsible for calculating the Net
Asset Value of the funds on a monthly basis, and are deducted from clients’ assets.

C.      Other Fees or Expenses

In addition to management and performance fees, each fund (and thus indirectly the investors in the
fund) is charged administration, prime brokerage, transactional and organisational expenses.

Administration and prime brokerage fees are paid in accordance with contractual rates as agreed
between the investment vehicle and the service provider from time to time, and shall be at normal
commercial rates.

Transactional expenses may include brokerage commissions, expenses related to short sales,
clearing and settlement charges, custodial fees, interest on, and costs and expenses of, borrowings,
and any issue or transfer taxes chargeable in connection with investment transactions. Further
details of brokerage practices are disclosed in Item 12.

Organisational expenses may include, but are not limited to; directors’ fees; communication
expenses with respect to investor services and all expenses of meetings of Shareholders and
Directors; all entity-level taxes and corporate fees payable to governments or agencies; the charges
and expenses of legal advisors and auditors; the costs of third party pricing services; financial
reporting expenses; insurance expenses; and litigation and indemnification expenses.

Item 7: Types of Clients

As of the date of this brochure, Onslow exclusively manages assets of private investment funds. U.S.
investors in such funds may include other pooled investment funds (funds of hedge funds), family
offices, institutional investors (including pension plans and endowments), and high net worth
individuals. The minimum investment accepted by the commingled fund advised by Onslow is US$1
million or currency equivalent, although subject to the discretion of the directors, the fund may from
time to time accept lesser investments. Other funds managed for a single investor or group of
investors may choose to operate lower minimum investment levels. In no event may any Onslow
Fund accept investments of less than US$100,000 (aggregate level per investor).