Oskie Capital Management LLC

Item 5: Fees and Compensation

Investors in the Hedge Funds are issued various sub-classes or interests. Our usual fee
schedule is as follows:

                                           Series A Interests/Sub-Class One Shares are subject to
                                           a 1.5% per annum (charged quarterly in advance).
 Management fee:
                                           Series B Interests/Sub-Class Two Shares are subject to
                                           a 1.5% per annum (charged quarterly in advance).

                                           Series A Interests/Sub-Class One Shares are subject to
                                           a performance allocation of 20% of the Series A/Sub-
 Performance Allocation:                   Class One trading profits (to the extent trading profits
                                           are positive and subject to a high water mark) as of
                                           the end of each calendar year and at certain other
                                           times as disclosed in the offering memorandum of

Oskie Capital Management, LLC                                             Form ADV Part 2A

                                          each Feeder Fund. Series B Interests/Sub-Class Two
                                          Shares are subject to a performance allocation of
                                          17.5% of the Series B/Sub-Class Two trading profits
                                          (with a “clawback” provision)

                                          Management Shares/Interests are not subject to any
                                          performance allocation.

Fees are deducted from the Client Accounts by instructing the administrator of such Client
Account.

In our sole discretion, we may waive all or any portion of the management fee or
performance fee with respect to an investor in the Hedge Funds.

Certain investors in the Private Equity Fund pay performance-based compensation to an
affiliate of Oskie.

Expenses

Oskie is responsible for and will pay all overhead expenses of an ordinary and recurring
nature in connection with its services to the Hedge Funds such as rent, supplies, secretarial
expenses, stationary, charges for furniture and fixtures, employee insurance, payroll taxes
and compensation of employees.

Each Hedge Fund will bear its own organizational and operating expenses including legal,
accounting (including third party accounting services), audit, and other professional fees and
expenses, research expenses, expenses of third-party valuation agents (if any), investment
expenses such as commissions, custodial fees, bank service fees, expenses of third-party
trading services, fees and expenses of the administrator and other expenses related to the
purchase, sale, preservation or transmittal of the Feeder Funds’ assets. The organizational
and initial offering expenses of the Funds are being amortized over a period of up to 60
months from the date the Master Fund commenced operations. Expenses that are paid or
payable by the Master Fund generally are borne pro rata by the Feeder Funds. For further
details on the Firm’s brokerage practices refer to Item 12 of this Brochure.

With respect to the Private Equity Fund, Oskie will be reimbursed out of the Private Equity
Fund’s assets for all costs and expenses paid on behalf of the Private Equity Fund, including
(a) all expenses in connection with the organization of the Private Equity Fund (including
accounting and legal fees), (b) all routine and recurring costs and expenses incurred with
respect to the ordinary conduct of the Private Equity Fund’s business (including clerical,
bookkeeping and administration expenses, salaries of personnel, if any, payroll taxes and
employee costs related to such personnel, rent, telephone charges, utility charges, costs of
office supplies, postage, office equipment expenses, all costs incurred in connection with any
audit (including accounting fees and printing costs) and all other like expenses), and (c)
extraordinary expenses of the Private Equity Fund (including interest and legal fees).

Fees and expenses for other Client Accounts will be disclosed in the appropriate governing
documents.

Oskie Capital Management, LLC                                            Form ADV Part 2A

Item 7: Types of Clients

The Firm’s clients are the Funds and the separately managed accounts. To invest in the
Hedge Funds, we generally require a minimum investment of $5,000,000, although we
reserve the discretion to accept less. Any minimum investment requirements for other
Client Accounts will be disclosed in the appropriate governing documents.