Struck Capital Management LLC

Item 5. Fees and Compensation

Management fees may vary with each Fund and are explained more fully in each Fund’s Governing
Documents.

Struck Capital and/or the General Partners generally receive annual or quarterly performance-based
compensation of up to 20% of the distributions of a Fund after return of capital to investors as defined
and calculated in the applicable Governing Documents.

Struck Capital and/or a General Partner will only receive performance-based compensation if the receipt
of such compensation is in compliance with Rule 205-3 under the Investment Advisers Act of 1940, as
amended (the “Advisers Act”).

Form ADV Part 2A                                                                                          4

Struck Capital Management LLC

Management fees are prorated for partial periods.

Struck Capital and a General Partner may waive, modify or calculate differently the management fee and
any performance-based compensation paid with respect to any client or investor in a Fund on a case by
case basis.

Management fees and performance-based compensation are generally debited directly from Fund
accounts.

No Struck Capital employee is compensated for the sale of securities or other investment products.

Carried Interest Payments

With respect to certain Funds, a portion of the profits of each such Fund is distributed to its General
Partner, if any, as “carried interest” (the “Carried Interest”), generally equal to 20%. Please see Item 6
below regarding Carried Interest.

Expenses

As more fully described in each Fund’s respective Governing Documents the General Partner will pay all
expenses arising from the Fund’s ordinary operations. The Funds will be responsible for all other expenses
of the Fund and the General Partner, including, but not limited to, expenses incident to the organization
of the Fund and the General Partner, costs incurred in the investigation, purchase, holding, sale or
exchange of securities (whether or not such purchases or sales are ultimately consummated), and all legal,
audit, accounting, banking, consulting, registration, insurance, indemnification, partner communications
and meetings expenses, financial fees, and any extraordinary expenses of the Fund. The Fund will also
bear all costs and expenses related to the liquidation of the Fund’s assets upon termination of the Fund.

Item 7. Types of Clients

The Adviser currently provides investment supervisory services to the Funds. Investment advice is
provided directly to the Funds (subject to the direction and control of the General Partner of each such
Fund, if applicable) and not individually to investors in such Fund.

Interests in the Funds are offered pursuant to applicable exemptions from registration under the
Securities Act and the 1940 Act. Investors in the Funds are generally “qualified purchasers” as defined in
the 1940 Act, and may include, among others, public pension plans, corporate pension plans,
endowments, private pension plans, foundations, insurance companies, fund-of-funds, family offices,
Operations Support Providers, other institutional investors, and high-net worth individuals.

The minimum initial investment in each Fund is set out in the Governing Documents of such Fund and is
generally $1,000,000, subject to the discretion of the applicable General Partner to accept lesser
amounts.