Perea Capital LLC

Item 5: Fees and Compensation

A. Methods of Compensation and Fee Schedule
Perea Capital receives management and performance fees as described in the Fund offering
documents. Perea Capital does not manage individual client portfolios. The management fees
are typically based on contributions made to the Fund, and the manner in which they are paid
will depend on the structure of the Fund. Performance fees paid by the Fund usually are a
percentage of returns made by the Fund after certain return thresholds are met.

B. Client Expenses
The Fund is responsible for its own fees and expenses, such as audit expense, tax accounting
and preparation, K-1 reporting, legal fees, and other fund operating expenses.
The CCO or designee will periodically review the method by which the firm allocates expenses to
the Fund (or if applicable, among Investor classes of the Fund) to ensure such allocation is
consistent with the Fund’s governing and offering documents. During such reviews, the CCO or
designee will also confirm whether any expense cap imposed on the Fund is adhered to. In such
reviews, the CCO or designee may utilize expense-related documentation provided by the
Fund’s administrator.
Perea Capital’s Fund subscription fees are paid through and at the time of subscription. Such
subscription fees are deducted from the partner’s / member’s capital account balance pursuant
to the terms of the Fund’s governing documents. Ongoing management fees and other
operating expenses are deducted from the partner’s / member’s capital account balance as
disclosed in the Fund’s governing documents.
To the extent redemptions are allowed, such redemptions must satisfy the conditions in the
Fund’s governing documents or applicable side letter(s).

C. Additional Client Fees Charged
Perea Capital may receive additional fees in the normal course of business for additional services
rendered for a Fund. Any such fees are at market rate or lower and must be consistent with the
Fund’s governing documents.

D. External Compensation for the Sale of Securities to Clients
Perea Capital or its affiliate entities are generally paid a management fee, but additional
compensation may be earned through performance-based fees as disclosed in the applicable
Fund’s governing documents. Such performance-based fees create an economic incentive for
the investment manager to take additional risks in the management of a client portfolio that
may be in conflict with the client’s current investment objectives and tolerance for risk. Please
refer to Item 6 for more information on performance-based fees.