Zest Capital LLC

Item 5 – Fees and Compensation
Basic fee schedule:
The specific manner in which fees are charged by Adviser is established in each client’s written
agreement with Adviser. However, generally and pursuant to contract, fees for the management of
individual accounts will be based upon a percentage of the total assets in the account (including
margined assets). Adviser typically receives an annual management fee, between 0.75% and 2%
of the net asset value of the Account. All fees are negotiable.
For Investment Funds, the Adviser and Zest Capital Peru SAC (“Zest Peru”) receives an annualized
asset- based fee that is payable on a monthly basis and is based on the dividend yield generated on
each financial instrument allocated into the Investment Fund’s investment portfolio. The fee can
range from 0.50% to 2.50% for an Investment Fund value of up to $9,999,999.
Calculation and Deduction of Advisory Fees
Clients are generally required to authorize Adviser to directly debit management fees from client
accounts on a quarterly or monthly basis, depending on the arrangement with the client or
Investment Fund.
A client may pay more or less fees than similar clients depending on the particular circumstances
of the client, size, additional or differing levels of servicing or as otherwise agreed with specific
clients. Clients that negotiate fees, including a flat fee, may end up paying a higher fee than that
set forth above as a result of fluctuations in the client’s assets under management and account
performance.

Clients may terminate their contracts without penalty, for full refund, within 5 business days of
signing the advisory contract. Advisory fees are withdrawn directly from the client’s accounts with
client written authorization.

Additional Fee Information
Clients may authorize the Adviser to directly debit management fees from client accounts on a
quarterly basis. In such instances, management fees are prorated for each capital contribution and
withdrawal made during the applicable calendar quarter. Accounts initiated or terminated during a
calendar quarter will be charged a prorated fee.

Adviser’s fees for individual discretionary or non-discretionary accounts are exclusive of
brokerage commissions, transaction fees, and other related costs and expenses which shall be
incurred directly by the client. Clients may incur certain charges imposed by custodians, brokers,
and other third parties such as fees charged by fund managers, custodial fees, deferred sales
charges, odd-lot differentials, transfer taxes, wire transfer and electronic funds fees, and other fees
and taxes on brokerage account and securities transactions. Mutual funds and exchange traded
funds also charge internal management fees, which are disclosed in a fund’s prospectus. It is the
Adviser’s policy not to accept “kick-backs” or retrocession fees from any third non-affiliated party
providing services to the Adviser’s clients.
Advisory fees for Investment Funds includes all fees and charges for the services, as applicable,
of the Adviser and Zest Capital Peru SAC (“Zest Peru”), and all applicable brokerage charges, but
is exclusive of transaction charges and costs, postage and handling charges and direct out-of-
pocket costs incurred by the Adviser and Zest Peru as a result of its providing the services
contemplated under the Agreement, and separate third party charges for the Investment Fund,
including transfer fees set forth in the respective Prospectus, and certain transaction and settlement
costs incurred by the Adviser and Zest Peru for the Investment Fund, or separate fees, costs and
expenses resulting from the agreement(s) executed between the Investment Fund and Custodian.

Termination of the Agreement
Although an agreement between Zest and its clients is ongoing and constant adjustments are
required, the length of service to the client is at the client’s discretion. The client or the investment
manager may terminate an agreement by written notice to the other party with a (30) thirty – day
advance notice or as agreed upon otherwise between the client and the Adviser.
If an agreement is terminated during a period in which the client has already paid Zest its advisory
fees in advance, then the Adviser will reimburse, on a pro-rated basis, the remaining advisory fees
collected for any service not rendered; these fees will be sent to the client’s address of record,
unless otherwise directed by the client, within (30) days of termination of the agreement.

Item 7 - Types of Clients

 We provide asset and/or portfolio management services to high-net-worth individuals,
corporations and institutions or other entities. The minimum dollar value for establishing an
Account is generally $100,000. Initial investments of a lesser amount may be accepted at Adviser’s
discretion.