1 Main Capital Management LLC

Item 5: Fees and Compensation

Fees and compensation are described in the advisory contracts we enter into with each Fund, as well as
in the applicable offering documents for each Fund. All of our Investors are “accredited investors” (as
defined in Rule 501(a) of Regulation D under the Securities Act, as amended. A brief summary of such
fees is provided below. All fees are paid for by the Client, either by being deducted from the Client’s
assets or as a separate invoice. Persons reviewing this Brochure should not construe this as an offering
of the Funds described herein, which will only be made pursuant to the delivery of Offering Documents
to prospective investors.

Management Fee

The Management Fee will be payable quarterly in advance and calculated based on the balance in each
Limited Partner’s Capital Account as of the beginning of each calendar quarter, in an amount equal to
.25% to 0.375% (1-1.5% annualized) of the balance in each Limited Partner’s Capital Account at the
beginning of each calendar quarter (computed prior to the accrual of any Performance Allocation during
a calendar year), or in such other percentage or amount as may be (i) set forth in any amendment hereto
as applicable to any particular series, class, or sub-series of interest or (ii) agreed to between the
Investment Manager and any Limited Partner in a subscription agreement or otherwise. The Investment
Manager, in its sole discretion, may waive, reduce or rebate the Management Fee to be paid to the
Investment Manager by the Partnership with respect to the Capital Account of any Limited Partner,
provided, however, that, no such waiver, reduction or rebate will adversely impact any other Limited
Partner or cause them to bear a higher portion of the Management Fee than they would bear absent such
waiver, reduction or rebate. The Management Fee shall be calculated, due and payable at the beginning
of each calendar quarter and shall be an expense of the Partnership in determining Net Operating Profit
and Net Operating Loss, which expense shall be debited against the Capital Accounts of the Limited
Partners. The Capital Account of a Limited Partner admitted to the Partnership other than on the first
day of a calendar quarter or of a Limited Partner that makes an Additional Capital Contribution on a
day other than the first day of a calendar quarter will be subject to a pro rata portion of the Management
Fee paid for such quarter based on the actual number of days remaining in such partial quarter. A
Limited Partner who withdraws at any time other than at the end of a quarter shall not be reimbursed
the portion of the Management Fee in relation to the withdrawn interests attributable to the period from

the date of such withdrawal to the end of such quarter. The fair value of any Designated Investment in
the Designated Investment Account maintained for a Limited Partner shall be included in the value of
a Limited Partner’s Capital Account for purposes of determining the amount of the Management Fee
payable with respect to such Limited Partner.

Performance Allocation

With respect to each Limited Partner, at the close of each Complete Valuation Period, the General
Partner shall be allocated up to twenty percent (20%) of the excess, if any, of such Limited Partner’s
aggregate Preliminary Profit Allocation for such Complete Valuation Period (including the Preliminary
Profit Allocations of Interim Valuation Periods within that Complete Valuation Period less any Net
Losses, if any, incurred for any Interim Valuation Periods during such Complete Valuation Period) over
any unrecovered balance remaining in the Loss Recovery Account (defined below) maintained on the
books and records of the Partnership, subject to a five percent (5%) annual hurdle rate (the “Performance
Allocation”). The hurdle rate is not cumulative and shall reset at the beginning of each Complete
Valuation Period.

Item 7: Types of Clients

1 Main provides advisory services to pooled investment vehicles. Our clients are the Funds, as described
in Item 4 above, and the Funds are generally open to, among others, institutions, pension plans,
endowments, high net-worth individuals, financially sophisticated individuals, and other sophisticated
investors.