Shikhara Capital Hong Kong Private Limited Company

Item 5: Fees and Compensation

Shikhara is compensated for its discretionary investment management services based on a percentage of
assets under management. Shikhara may, in its sole discretion, waive, rebate or decrease the Management
Fee that is payable in whole or in part, in respect of each share class at any time.

Management Fees for Open-ended Mutual Funds

Shikhara receives an asset-based management fee in connection with the provision of its discretionary
investment management services to the Funds. Shikhara charges the Funds a fixed management fees in the
range of 0.35% and 1.5% per annum, in each case as set forth in the Governing Documents.

Management Fees and Performance Fees for Private Funds

Shikhara is a sub-advisor to Shikhara Private Funds. Shikhara does not directly receive an asset-based
management fee and performance-based compensation in connection with the provision of its advisory
services to the Private Funds. Shikhara US charges the Funds a fixed management fees in the range of 0%
and 1% per annum and a performance-based fees from each Fund of between 0% and 15% per annum, in
each case above the applicable benchmark hurdle, as set forth in the Governing Documents.

Brokerage Fees

Clients are responsible for paying any and all brokerage fees including, without limitation, commissions,
annual fees, brokerage charges, bank charges, registration fees, clearing and settlement charges, taxes and/or
duties.

Other Fees and Expenses

Not Applicable

Neither Shikhara, nor its personnels will be compensated for the sale of securities or other investment
products.

Item 7: Types of Clients

Shikhara provides investment advisory services to non-U.S. entities such as Open-ended Mutual Funds for
non-U.S. investors and is the sub-advisor to Shikhara Private Funds, which are privately offered pooled
investment vehicles intended for investment by certain U.S. or non-U.S. qualified investors.

Shikhara does require a minimum AUM for Clients, however, Clients may require minimum amounts to
invest with them. Any initial and additional subscription minimums are disclosed in the prospectus for the
Open-ended Mutual Funds and offering memorandum for the Private Funds, with exceptions granted in
Shikhara’s sole discretion.