SZOP Multistrat Management LLC

Item 5. Fees and Compensation

The Adviser charges the Client a 1% annual management fee (“Management Fee”). The Management Fee
will be payable in advance quarterly and will be charged based on the net asset value. The Management
Fee will generally be prorated for any period that is less than a full quarter. The Adviser generally instructs
the Client’s administrator to deduct the Management Fee from the Client’s account.

Additionally, at the end of each fiscal quarter, 20% of any net new profit in a limited partner’s capital
account will be reallocated to the Client’s general partner’s capital account for that period (the “Incentive
Allocation”). Net new profit means any amount by which the value of a partner’s capital account as of the
end of any fiscal quarter exceeds its “high water mark.”

The Adviser, in its sole discretion, can waive or modify the Management Fee and the Incentive Allocation
for investors that are members, employees or affiliates of the Adviser, relatives of such persons, and for
certain large or strategic investors.

The Client will generally bear its own expenses including investment and operational expenses, as set forth
in the Governing Documents. The Client will either directly pay for or reimburse the Adviser or its affiliate
for such expenses. Operation expenses include but are not limited to administrative fees and expenses of
the Client, including but not limited to initial organizational expenses and other expenses incurred in the
offering and sale of limited partnership interests, legal, accounting, insurance, auditing (if any) and tax
services and fees, expenses of research and data collection and analysis, costs of communication with
limited partners and fees of any third-party administrator. Moreover, investment expenses shall include but
not be limited to the fees and expenses of the Client relating to its investing activities, including but not
limited to all brokerage fees and commissions, interest on margin accounts and other indebtedness,
borrowing charges on securities sold short, custodial fees, bank service fees, charges, fees and expenses
relating to any dealing in digital assets, costs of any outside appraisers, accountants, attorneys or other
experts or consultants, any legal fees and costs arising in connection with any litigation or regulatory
investigation instituted against the Client or its affiliate in connection with the Client’s investment activities,
withholding and transfer fees, clearing and settlement charges, and any other expenses related to the

purchase, sale or transfer of investments (including travel expenses relating to the Client’s investing
activities).

Item 7. Types of Clients

As described in Item 4, the Adviser’s Client is a pooled investment vehicle. The Client limits its investors
to persons who are “accredited investors” as defined in the Securities Act of 1933 and “qualified clients”
as defined in the Investment Company Act of 1940.

The initial minimum commitment of an investor will generally be $1,000,000. Additional commitment
minimums will be at the discretion of the Adviser or its affiliate. Provided, however, commitments less
than $1,000,000 can be accepted at the discretion of the Client’s general partner.