3B Capital Management LP

Item 5: Fees and Compensation

Item 5.A.

All investors and prospective investors should review the Governing documents of each Fund together with
this Brochure for complete information on the fees and compensation payable with respect to a particular
Fund. Generally, 3B receives a management fee and performance allocation from Clients. Such
compensation arrangements are set forth in the relevant Governing Documents of the applicable Fund. A
brief summary of those fees is provided below:

3B receives a fixed management fee (the “Management Fee”) from limited partners of the Fund, paid
monthly in arrears, in an amount generally equal to an annual rate of 1.0% of the limited partner’s capital
account balance. The General Partner is entitled to a performance-based profit allocation (the
“Performance Allocation”) at the end of each calendar quarter (and/or at certain other times), generally,
to 20% of the amount by which, generally, the Fund’s net profits allocated to the limited partner’s capital
account for the current calendar year exceeds the balance in such limited partner’s Carryforward Account.
The General Partner and/or the Investment Manager (as applicable) will under certain circumstances agree
with certain limited partners to a variation of the terms set forth in the Governing Documents or establish
additional classes of interests that have terms that differ from those described in the Governing Documents
including different management fees, performance allocations and withdrawal rights.

Item 5.B

The Management Fee is calculated separately for each limited partner and is debited from each limited
partners’ capital account. The Management Fee is calculated and paid each month in arrears. The
Performance Allocation is calculated and charged separately with respect to each limited partner’s capital
account at the end of each quarter.

Item 5.C

The General Partner and the Investment Manager intend to bear the expenses of the Funds and the offering
of Interests including legal and accounting fees, printing costs, travel, blue sky filings, and other regulatory
filing fees and expenses and out of pocket expenses. Placement fees not paid by the Investment Manager
will, under certain circumstances, be paid by the Funds or the General Partner. To the extent the placement
fee is paid for by the Fund, the Management Fee will be reduced by an identical amount.

The underlying investors in the Funds bear the costs and expenses of the fund, including, without limitation,
(i) costs and expenses related to the Fund’s investment program, including expenses related to proxies,
underwriting and private placements, data feed hardware and software, research, trade publications,
brokerage commissions, bank service fees, interest on debit balances or borrowings, custody fees, fees
assessed by prime brokers, and other third-party service fees, and any taxes (including, but not limited to,
withholding and transfer taxes) imposed on the Fund, expenses relating to any short sales, clearing and
settlement charges, and travel expenses; (ii) all out-of-pocket costs of the administration of the Fund,
including, without limitation, fees and expenses of any administrator, accounting, audit, tax and tax
preparation expenses, legal expenses, costs of any litigation or investigation involving the Fund’s activities,
and costs associated with reporting and providing information to existing and prospective limited partners,
the costs of holding any meeting of the Partners, fees and expenses of any Administrator, and any costs of
procuring and maintaining insurance for the benefit of the Funds, the General Partner, the Investment
Manager or any other indemnified persons; (iii) any governmental, regulator, licensing, filing or registration
fees and expenses (including any fees and expenses associated with any regulatory, operations or
compliance consultant) incurred by the Fund, the General Partner or the Investment Manager in compliance

with the rules of any self-regulatory organization or any federal, state or local or other applicable laws;
(iv) any withholding, transfer or other taxes imposed on, or payable by, the Fund or any of its Partners;
(v) all costs, fees and expenses associated with the ongoing offering of the Interests; provided, however,
that the Management Fee will be reduced (but not below zero) by the amount of any placement agent or
solicitation fees borne by the Fund; (vi) any costs or expenses associated with the winding up and
liquidation of the Fund; and (vii) the Management Fee (collectively, “Fund Expenses”).

If the General Partner or the Investment Manager incurs any of the expenses mentioned above for the
account of the Funds, any parallel funds or other investment accounts managed by the Investment Manager
with the same investment program, then the Investment Manager will allocate such expenses among them
in proportion to their respective net assets, or in such other manner as the Investment Manager considers
fair and reasonable.

The Funds do not have their own separate employees or offices, and do not reimburse the General Partner
or the Investment Manager for salaries, office rent and other general overhead costs of the General Partner
or the Investment Manager. The Fund’s brokerage transactions will not generate “soft dollar” credits for
the General Partner or the Investment Manager.

Item 5.D

The Clients do not pay any fees in advance.

Item 5.E

Neither 3B nor its supervised persons are compensated for the sale of securities or other investment products
or mutual funds.

See Item 12 of this Brochure for additional information regarding 3B’s brokerage practices.

Item 7: Types of Clients

As set forth above in Item 4 of this Brochure, 3B provides discretionary investment advice to privately
offered pooled investment vehicles. The minimum investment required to invest in each of the Funds is
described in the Governing Documents of the applicable Fund and is generally $1,000,000. The General
Partner will, under certain circumstances, change the required minimum initial contribution amount.

Investors are generally “accredited investors” within the meaning of Rule 501(a) under the Securities Act,
and are generally either “qualified purchasers” within the meaning of Section 2(a)(51) under the Investment
Company Act of 1940, as amended, or “qualified clients” within the meaning of Rule 205-3 under the
Investment Advisers Act of 1940, as amended (the “Advisers Act”).