Quantum Advisors Private Limited

Item 5 – Fees and Compensation

Funds under Discretionary Services

Each of the Fund Clients to whom QAPL provides discretionary advisory services, pays the management
fee based on the relevant Fund’s net asset value (NAV) as of the fee calculation date. These Fund Clients
typically pay us management fees quarterly in arrears. These fees may be calculated either (i) on a day-
to-day basis or (ii) on the average of the NAV of the fund at the end of each month in the calendar quarter
plus the NAV at the end of the last month in the previous quarter. The fee rate is as specified in the
respective fund’s offering document / Investment Management Agreement.

   Quantum Advisors Pvt. Ltd
                                                                        Part 2A of Form ADV

Private Accounts

Each of our Discretionary Equity-Focused Private Account clients pays us a management fee based on
the net asset value (“NAV”) of the client’s portfolio as of the fee calculation date. For purposes of
calculating our management fees, we generally define the NAV of a client’s Private Account to be the
net asset value of securities and other investments held in the Account.

Our Discretionary Equity-Focused Private Account clients typically pay us management fees quarterly in
arrears. Some of our Indian Private Accounts pay us management fees on a half yearly basis These
management fees may be calculated by applying our rate schedule (described below) to either: (i) the
NAV of the Private Account on the last trading day of each calendar quarter/half year; or (ii) to the
average of the NAV of the Private Account for the calendar quarter.

Our standard fee schedule for the Discretionary Advisory Service under the “Q India Value Equity
Strategy” for Private Account clients is as follows”:

           NAV in the Client’s Private Account                     Fees (as % of NAV p.a.)
 On the first US $ 100 million                                              0.80%
 On the next US $ 150 million                                               0.65%
 On the assets in excess of US $ 250 million                                0.60%

Our standard fee schedule for the Discretionary Advisory Service under the “Q India
Responsible Returns Strategy” and “Q India Ethical Returns Strategy” for Private Account clients is as
follows:

        NAV in Client Account          Fixed Fee Structure           Variable Fee Structure
                                        (as% of NAV p.a.)              (as % of NAV p.a.)
 On the first USD 50 mn                0.6%                   0.5% Fixed Fee + Performance Fee
 On the next USD 50 mn                 0.5%                   0.4% Fixed Fee + Performance Fee
 On the assets in excess of USD 100 mn 0.4%                   0.3% Fixed Fee + Performance Fee

Performance Fee – 10% of outperformance over MSCI India Index, calculated annually. Levy of
performance fee shall be subject to the Firm complying with applicable laws, including Section 205 and
Rule 205 of the Advisers Act 1940 and the Advisers Rules.

Currently, no management fee is charged to our Proprietary account managed using Q India
Responsible Returns Strategy and Q India Ethical Returns Strategy. For other Discretionary Q India
Responsible Return Strategy – Private Accounts and Q India Ethical Returns Strategy - Private Accounts,
we shall charge management fee based on the net asset value (“NAV”) of the client’s portfolio as of the
fee calculation date. The management fees shall be calculated on a day-to-day basis and be payable on
a quarterly basis in arrears.

   Quantum Advisors Pvt. Ltd
                                                                          Part 2A of Form ADV

Our standard fee schedule for the Discretionary Advisory Service under the “Q India Sovereign Focus
Bond Strategy” for Private Account Clients is as follows:

                     NAV in Client Account                               Fees (as % of NAV p.a.)
 On the first US $ 100 million                                                    0.25%
 On the assets in excess US $ 100 million                                         0.20%

Currently, no fee is charged for the management service provided to proprietary account managed under
Q India Sovereign Focus Bond Strategy. For other Discretionary Fixed Income-Focused Private Accounts,
we shall charge management fee based on the net asset value (“NAV”) of the client’s portfolio as of the
fee calculation date. The management fees shall be calculated on a day-to-day basis and be payable on
a monthly basis in arrears.

For the payment of our management fees, we shall invoice our Equity-Focused Private Account clients
on a quarterly basis or half-yearly as the case may be and our Fixed Income-Focused Private Account
clients on a monthly basis.

Regarding the Equity-Focused Private Accounts that are open for only part of a calendar quarter or half
year, we prorate our fees based on the number of days that the Private Account is open in that quarter/half
year. And in case of those Fixed Income-Focused Private Accounts that are open for only part of a
calendar month, we prorate our fees based on the number of days that the Private Account is open in
that month.

Upon receipt of a management fee invoice, our Private Account clients may either pay the fees directly
to us or authorize and direct the qualified custodian of the Private Account to disburse funds to us from
the Private Account’s Portfolio. In case of certain Indian Private Accounts (where we are authorized to
deduct management fees directly from their portfolio account) upon receipt of a management fee
invoice / payment instruction, the clients’ Custodian disburses the management fee amount to us
directly from the client’s Portfolio.

The foregoing is only a description of our standard fee arrangements, and in some cases, we may
negotiate our fees with individual clients. In particular, we may agree to charge individual Private
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