Petra Capital Management Inc

Item 5: Fees and Compensation

All fees for the Adviser’s separately managed discretionary account clients are subject to negotiation at the
Adviser’s discretion. Petra’s standard fee terms are as follows:

-   Management fee: 1% per annum of the net asset value of the account
-   Performance fee: 20% of the profits over a hurdle rate

The specific manner in which fees are charged by the Adviser is established in a client’s written agreement with
the Adviser. Clients will be billed directly by the Adviser for management fees on a quarterly basis. Clients may
elect to be billed in advance or arrears each calendar quarter. Accounts initiated or terminated during a calendar
quarter will be charged a pro-rated fee. Upon termination of any account, any prepaid, unearned fees will be
promptly refunded, and any earned, unpaid fees will be due and payable, subject to the particular conditions of a
client’s written advisory agreement. A client may terminate the advisory agreement before the end of the agreed
term, subject to an early termination fee.

The Adviser charges performance fees to clients on a yearly basis, subject to a hurdle rate and high water mark.
In addition to management and performance fees, separately managed account clients will incur custodian fees,
brokerage commission and transaction costs.

Item 7: Types of Clients

The Adviser provides investment advisory services for a wide range of highly sophisticated institutional investors,
including endowments, sovereign wealth funds, charitable organizations and family offices. All such clients must
be, if applicable, “qualified clients” as defined under the Advisers Act as well as meet certain sophistication
requirements. The minimum investment amount is US$300,000, subject to the discretion of the Adviser to accept
lesser amounts.