Staines Financial LLC

Item 5 – Fees and Compensation

Private Funds

The Adviser is compensated with a management fee as set forth in the governing documents of the Funds
by the payment of a management fee by the Funds (the “Management Fee”). The Management Fee is
equal to 1.75 percent of the capital account balance of the Limited Partners and is paid quarterly in
advance by the Funds on the first day of a fiscal quarter.

If a Limited Partner withdraws from a Fund during a quarter, the Limited Partner will not be refunded for
amounts that were charged for the quarter after the withdrawal date. However, the Adviser intends to
waive the Management Fee for any quarter after a Limited Partner submits a withdrawal request. Subject
to the governing documents of a Fund, a Limited Partner is generally able to withdraw from the Fund
upon sixty days prior written notice as of any quarter end. The Adviser, in its discretion, has the ability to
permit withdrawals at other times. Withdrawals can be made in cash or in-kind, or a combination thereof.

The Funds are not subject to a performance or incentive fee or allocation.

In addition to the Management Fee, each Fund (and therefore its Limited Partners) bears its ongoing
operational expenses as set forth in its governing documents. These expenses include, but are not limited
to: all costs and expenses of investing in, owning and disposing the investments of the Fund; due
diligence of all investments and potential investments of the Fund; research related fees and expenses;
fees and expense of custodians; administration, compliance, legal, accounting, auditing, tax preparation
and related professional, expert, consulting fees and expenses of the Fund; expenses of reports to the
Limited Partners; the expenses of offering interest to the Limited Partners; insurance policies of the Firm
and its personnel; and extraordinary expenses. The Adviser bears its own operating, general,
administrative, and overhead costs and expenses as set forth in the governing documents of the Funds.
Limited Partners should refer to their financial statements and the governing documents of a Fund for
additional information regarding expenses.

To the extent that fees, costs and expenses are incurred on behalf of one or more Funds, each Fund bears a
portion of any such fees, costs and expenses generally in proportion to the size of its investment in the
activity or in such a manner as the Adviser, in its discretion, considers fair and equitable under the
circumstances.

Investment Management Services

The fees between the Sub-Advised Client and the Sub-Adviser are set forth in the governing documents
of the account (collectively, the “Account Agreement”). The fee that the Adviser receives is inclusive of
the management fee the Sub-Advised Client pays to the Sub-Adviser. Typically, the Sub-Adviser will pay
the Adviser 0.75% of net asset value of an account, which is assessed monthly in arrears. The Sub-
Adviser’s fee and the fee paid to the Adviser is negotiable. The maximum management fee of the Sub-
Adviser for the programs offered is 1.25% per annum.

If the Account Agreement is terminated, the Sub-Adviser will refund any prepared and unearned fees pro
rata based on the number of days remaining in the billing period.

Additional expenses associated with an account are set forth in the Account Agreement and the Sub-
Adviser’s brochure.

Item 7 – Types of Clients

Private Funds

As noted in Item 4 above, the Adviser provides advisory services to the Funds (which are organized as
Delaware limited partnerships). The Fund does not advise Fund investor. Investors in the Funds must be
“Accredited Investors” or “Qualified Purchasers” in accordance with sections 3(c)(1) or 3(c)(7) of the
Investment Company Act of 1940 and Regulation D of the Securities Act of 1933. The minimum
commitment from each investor is $25,000, subject to the Adviser’s discretion to accept a lower amount.

The investment management agreements between the Funds and the Adviser can be terminated by the
general partner of each respective Fund at any time in accordance with the terms of the applicable
agreements.

Investment Management Services

The Adviser offers non-discretionary investment management services to individuals and their retirement
accounts though participating in the investment program of the Sub-Adviser. The Adviser has no
minimum account size for such clients; however, the Sub-Adviser has minimums for its advisory
programs. These minimums are set forth in the Account Agreement and/or the Sub-Adviser’s brochure.

The Account Agreement will continue until terminated by any party by written notice in accordance with
the terms of the Account Agreement.