Steinberg India Advisors Private Limited

Item 5.         Fees and Compensation
For its services, SIAPL’s fees are determined with each client depending on the nature of the
advisory relationship. SIAPL generally bills its clients either on a monthly or quarterly basis for

services rendered calculated based on the costs incurred by SIAPL to provide its services plus a
pre-determined mark-up. Such costs typically include rent, office expenses, employee
compensation (including vehicles, salaries, bonuses, and relocation expenses), insurance costs of
SIAPL, regulatory consulting, professional and legal expenses of SIAPL, travel expenses,
including lodging, entertainment expenses, depreciation and any other expenses incurred by
SIAPL in connection with operating the advisory business and providing services to its clients.

A portion of a quarterly bill may be paid in advance by clients. However, this amount would not
exceed the fees payable for the services rendered up to that point. Therefore, the prepayment of
fees would not give rise to an incidence of refund in case of premature or immediate termination
of services by clients.

In connection with the implementation of SIAPL’s non-binding investment recommendations,
investments advisers will incur additional expenses, including but not limited to trading costs and
custodial fees.

Item 7.        Types of Clients
SIAPL provides non-discretionary investment advisory services to other investment advisers.