Orasis Capital

ITEM 5: FEES AND COMPENSATION

All fees are subject to negotiation. The specific manner in which fees are charged by Orasis Capital is
established its separately managed account agreements and the governing documents of the Fund.
Management fees are generally prorated for any capital contribution or withdrawal made during the
applicable calendar month.

Class B pays Orasis Capital a management fee calculated of 1/12th of 1.5% per annum based on the Net
Asset Value of the Segregated Portfolio. The Management Fee is based on the Net Asset Value of the
Segregated Portfolio on each Valuation Day (before calculation of the Management Fee and any
Performance Fee payable in respect of the Segregated Portfolio). Such Fees are to be calculated monthly
and payable monthly in arrears.

Class F pays Orasis Capital a management fee 0.5% (0.50% per annum) based on the NAV of the
Segregated Portfolio (before calculation of the Management Fee and any Performance Fee). Such Fees
are to be calculated and payable annually in arrears.

Class B also pays Orasis Capital a performance fee in respect of each Share outstanding at the end of the
calendar year equal to 20% of the increase in the NAV of such Class B Shares in excess of the Hurdle
Rate during the applicable Performance Period; subject to surpassing the previous High Water Mark.
Such fees are accrued and calculated monthly and payable annually in arrears, therefore the Performance
Period for this Segregated Portfolio is annual. The increase in the NAV per Share upon which the
calculation of the Segregated Portfolio’s performance is based represents the profits earned in respect of
each Share during the relevant period from the trading and investment of the assets of the Segregated
portfolio and related income and dividends, less the operating costs of the Segregated Portfolio, including
the Management Fee. Profits include both realized and unrealized gains. No Performance Fee shall be
paid in respect of any Shares unless the NAV of such Shares exceeds the previous High Water Mark for
that Shares and the Hurdle Rate has been exceeded.

Class F for and on behalf of the Segregated Portfolio shall pay Orasis Capital a performance fee (the
“Performance Fee”) in respect of each Series outstanding at the end of the calendar year equal to 10% of
the increase in the NAV of such Series in excess of the Hurdle Rate during the applicable Performance

Period; subject to surpassing the previous High Water Mark (i.e., any loss carryforward amounts need to
be recouped as described in the next paragraph below). Such fees will be calculated and payable as of the
end of each year.

The increase in the NAV upon which the calculation of the Segregated Portfolio’s performance is based
represents the profits earned in respect of each Series during the relevant period from the trading and
investment of the assets of the Segregated Portfolio and related income and dividends, less the operating
costs of the Segregated Portfolio, including the Management Fee. Profits include both realized and
unrealized gains. No Performance Fee shall be paid in respect of any Series unless the NAV of such
Series exceeds the previous High Water Mark for that Series and the Hurdle Rate has been exceeded.

Separately managed accounts typically would be subject to the same types of fees charged by the Fund.

ITEM 7: TYPES OF CLIENTS

Orasis Capital currently provides portfolio management and advisory services to the Fund. Orasis Capital
expects to provide advisory services to additional private investment funds and other institutions in the
future. Orasis Capital reserves the right to provide investment management services to other clients,
including individuals, banks, thrift institutions, registered investment companies, pension and profit
sharing plans, trusts, estates, charitable organizations, corporations and other entities (including additional
private pooled investment vehicles).

The minimum investment in the Fund is €500,000, which may be reduced at the sole discretion of the
Directors provided that no initial investment may be less than €250,000 (or currency equivalent).