Stone Run Capital LLC

Item 5 - Fees and Compensation
We receive the following types of fees for our advisory services.

As discussed in Item 4 above, we typically provide asset management services for clients on an asset-based
fee basis. We generally charge a management fee ranging between 0% and 1.5% per annum of assets under
management (on a prorated basis) in advance on the first day of every calendar quarter, debited directly
from the client’s account. Management fees are based on the fair market value of each client’s assets under
management as of the opening date of each calendar quarter (January 1, April 1, July 1, October 1) after all
fees (other than the management fee) and brokerage commissions. In the event that a new client account is
established, a client terminates the investment management agreement or an addition or withdrawal is made
from a client account during a calendar quarter, the management fee will be prorated as applicable based
on the assets under management as of the establishment, termination, addition or withdrawal date, as
applicable. Generally, fees are not negotiable; however SRC may waive or modify these fees for certain
strategic investors.

In addition to the asset-based management fee described above, (i) the Funds will bear all other expenses
relating to its existence and operations, including without limitation brokerage commissions and charges,
transfer taxes, interest, legal and auditing expenses and the advisory fee, and (ii) the Managed Accounts
will pay brokerage commissions, transaction fees, certain charges imposed by custodians such as wire and
electronic fund fees, and other related costs and expenses.

SRC has adopted an expense allocation policy which it utilizes in determining the types of expenses that
are appropriate to be allocated to and borne by its clients. In connection therewith, SRC seeks to ensure that
expenses (the “Permissible Expenses”) allocated to and paid by its clients are consistent with, and
permissible under, the applicable advisory contracts, governing agreements, Offering Memoranda and other
operative documents governing such clients and that shared Permissible Expenses are allocated among
SRC’s clients in a manner intended by SRC to be fair and equitable to its clients, such that no client is
consistently advantaged or disadvantaged in relation to any other client, or disadvantaged in relation to
SRC.

Item 7 - Types of Clients
SRC provides investment advice to the Managed Accounts of individuals, high net worth individuals,
charitable organizations, and the Funds.

The minimum Managed Account size is $100,000, however, SRC may set higher or lower standards for
minimum Managed Account sizes, or establish a minimum Managed Account size based on, among other
things, the type of Managed Account, or the expectation of future additions to the Managed Account. Assets
in related Managed Accounts (e.g. Managed Accounts beneficially owned by an affiliated person or
institution) may also be aggregated for purposes of calculating Managed Account sizes and management
fees.

Minimum investment requirements for the Funds are set forth in their respective offering memorandums.
SRC reserves the right to waive the minimum investment amount in either Fund at its sole discretion.
Limited partnership investors must satisfy certain minimum eligibility requirements established under
applicable securities laws prior to investing.

Information in this document that relates to the Funds is intended to satisfy the requirements of Form ADV
only. This brochure is not an offer to sell or the solicitation of an offer to purchase interests in any pooled
investment vehicle which may only be made at the time a qualified offeree receives a confidential private
placement memorandum and other offering documentation.