Alistair Capital Management LLC

Item 5.        Fees and Compensation

ACM is currently not charging any fees, but anticipates receiving a management fee (the
“Management Fee”) at an annual rate of one percent (1%) of the capital account balance of each
of the Fund’s limited partners (“Investors”). The Management Fee will be calculated and payable
quarterly in advance. Investors generally will be permitted to make withdrawals on the last
Business Day of each fiscal quarter, so generally there will be no pre-paid fees to be refunded.

                                                                     Part 2A of Form ADV: Firm Brochure
                                                                      Alistair Capital Management, L.L.C.
                                                                                            May 22, 2015

However, for any withdrawals or redemptions within a calendar quarter the Management Fee will
be adjusted pro rata and added back to the Investor’s capital account balance. ACM may vary,
reduce or eliminate the Management Fee with respect to any Investor in its sole discretion.

All fees will be deducted directly from Investors’ capital accounts. In addition to Management
Fees and performance fees (which are discussed in the section below), the Fund will pay additional
fees and expenses.

The Fund will bear the expenses of the organization of the Fund and the offering of Interests
(including legal and accounting fees, printing costs, travel, “blue sky” filing fees and expenses and
out-of-pocket expenses). In general, the Fund’s financial statements will be prepared in accordance
with accounting principles generally accepted in the United States.

The Fund will bear all costs and expenses directly related to its investment program, including
expenses related to proxies, underwriting and private placements, brokerage commissions, interest
on debit balances or borrowings, custody fees and any withholding or transfer taxes imposed on
the Fund. The Fund also will bear all out-of-pocket costs of the administration of the Fund,
including accounting, audit and 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 Investors. However, the Firm or its affiliates may, in its sole discretion, choose to
absorb any such expenses incurred on behalf of the Fund.

For a further discussion of brokerage and other transaction costs, please see Item 12 (Brokerage
Practices).

Item 7.          Types of Clients

ACM will provide investment management services for private pooled investment vehicles.
Investors must qualify as both “accredited investors” and “qualified clients”. Investors may
include, but are not limited to, other pooled investment vehicles, investment companies,
corporations, trusts, high net worth individuals, family offices, foundations, endowments and other
charitable organizations.

The Fund has a minimum initial capital commitment amount of $1,000,000, although investments
of a lesser amount may be accepted.