Virtua Capital Management LLC

Item 5. Fees and Compensation

Description

Fees for services will be by agreement between VCM and the client. Lower fees for comparable
services may be available from other sources. Fees are computed based on a percentage of
assets under management.

Asset Management Fee Structure

Fees are calculated monthly at 1/12 of the annual rate (e.g., 2.00% annual equals 0.1667%
monthly). VCM’s maximum fee schedule expressed as an annual percentage is as follows:

      Fixed Percentage Fee

VCM’s maximum annual advisory fee is 2.00% of assets under management.
Fee Billing

Investment management fees are calculated on the last day of each calendar month at the rate
of 0.1667% of Assets Under Management at the close of business on the last day of each such
month and paid within ten days thereafter.

Other Fees

In addition to advisory fees paid to VCM, investors in VCM-managed private funds typically bear
fund-level expenses, which may include legal, accounting, audit, administrative, custodial,
brokerage (if applicable), financing, and other operating expenses as described in the applicable
offering documents.

                                      Virtua Capital Management, LLC

Item 7 – Types of Clients

VCM provides portfolio management services to pooled investment vehicles. High net
worth, accredited investors are able to subscribe to VCM pooled investment vehicles
through private placement offerings.
Client relationships vary in scope and length of service.

Requirement for Opening Accounts (Minimum Investment Amount)

VCM’s fees for each particular service are subject to negotiation and may vary depending
upon circumstances, including the scope of the services to be provided. VCM does not
impose a minimum account size or minimum fees as a requirement for opening and/or
maintaining an account.

                                 Virtua Capital Management, LLC