Turas Capital Management LP

ITEM 5-FEES AND COMPENSATION

Turas typically charges its Clients a combination of management fees, a management draw, and
performance-based compensation (“performance fees”). The specific amounts and terms of these
fees and reimbursements are subject to negotiation and are detailed in the investment advisory
agreement between Turas and each Client.

Turas serves as a sub‑adviser to one client as well as to a pooled investment vehicle managed by
the Firm, Turas Fund LP.

For the client to whom Turas provides sub‑advisory services, Turas receives a fixed monthly
management fee and a separately negotiated monthly management draw, both paid in advance, in
lieu of a traditional asset‑based fee. The compensation structure also includes a one‑time initial
payment.

The Firm charges Turas Fund LP a management fee on a quarterly, in‑advance, calculated from
the net asset value of each Limited Partner’s capital account at the beginning of the quarter. The

annual management fee is set at 1.25% for Founders Class Interests and 1.5% for Class B Interests,
with any capital contributed mid‑quarter assessed a proportional fee at the time of contribution.
Once paid, the management fee is not refundable, except in the limited situation of a compulsory
withdrawal or a liquidation of the Partnership during a quarter, in which case the fee is returned
on a pro rata basis. The Investment Manager has the discretion to waive, reduce, rebate, or
otherwise modify the fee for specific investors, including affiliates and insiders, and may also
direct a portion of the fee to third‑party referral partners or strategic relationships, all without notice
to other Limited Partners.

Since fees are paid in advance, if an advisory agreement is terminated before the end of the
applicable service period, Turas will refund a prorated portion of any prepaid fees. This refund
will be calculated based on the number of days remaining in the billing period following the
effective date of termination, unless otherwise specified in the governing documents or advisory
agreement.

The following formula will be used to determine any applicable refund:

Refund = (Prepaid Fee) × (Remaining Days ÷ Total Days in Billing Period)

In addition to Turas’s advisory fees, Clients may incur other expenses related to the advisory
services provided. These may include brokerage commissions, transaction charges, fees and
expenses associated with the borrowing and lending of securities, interest, margin expenses, and
other financing charges related to the acquisition of securities or other assets. Such costs are
typically debited directly from the Client’s Prime Brokerage (“PB”) accounts.

Clients may also be responsible for custodial fees, bank service charges, transfer taxes,
withholding taxes, and other expenses directly related to the purchase, sale, or disposition of
Account assets. Additional out-of-pocket expenses incurred by Clients on behalf of, or for the
benefit of, the Firm may also apply, including research expenses, depending on the terms outlined
in the relevant agreements and governing documents. Turas may enter into side letters providing
negotiated or preferential fee terms for certain investors.

ITEM 7-TYPES OF CLIENTS

Turas offers investment advisory services to pooled investment vehicles. Client Accounts are
generally limited to qualified purchasers, unless such a requirement is waived by Turas in its sole
discretion.