AlphaOne Investment Services LLC

Item 5 - Fees and Compensation

AOIS investment advisory clients pay fees that vary from client to client depending on the type, size,
complexity of the client account, or the vehicle in which a client invests (e.g., mutual funds or private
investment funds). Fees for products other than Registered Funds typically are individually negotiated and
generally reflect specific investment mandate(s), service needs, specific recommendations or account size.
Certain fees may be deferred or waived from time to time at the discretion of AOIS. Affiliates of AOIS
generally make a substantial capital commitment to certain Funds and may pay no or reduced management fee
or incentive compensation in respect of such commitment.

Registered Investment Company
We receive Management Fees from the Registered Funds. These fees are calculated daily and paid monthly,
and are computed based on a percentage of the Fund’s average daily net assets according to the following
schedule:

Fund                                              Management Fee
AlphaOne Small Cap Opportunities Fund             1.00%
AlphaOne NextGen Technology Fund                  0.90%
AlphaOne VIMCO Small Cap Value Fund               0.90%

Villanova Investment Management Company, LCC is paid a fee for acting as a sub-adviser to the AlphaOne
VIMCO Small Cap Value Fund.

Private Unregistered Funds
We receive a quarterly Management Fee from each Private Fund based on a percentage of the net asset
value of the capital accounts of Fund investors according to the following schedule:

                                              Annualized Management Fee

                                               Investors who      Investors who     All Investors    Founding
                                              invested prior to   invested on or                      Class of
                                                April 1, 2010      after April 1,                   Investors*

AlphaOne Satori Fund I L.P.
                                                  1.50%                2%
AlphaOne Satori Fund, Ltd.
                                                  1.50%                 2%
AlphaOne Global Innovations Fund, L.P.
                                                                                         2%            1%
AlphaOne Global Innovations Fund, Ltd.
                                                                                         2%             1%

 *The ‘Founding Class’ consists of the first $100m of assets under management and is subject to a reduced
 management and performance fee. Investors who enter the Fund through a solicitor may be subject to
 different management and/or performance fees.

Management Fees for AlphaOne Satori Fund I L.P. and AlphaOne Satori Fund Ltd. are paid quarterly in
advance based on the value of each investor’s capital account on the first business day of each fiscal quarter.

Management fees for AlphaOne Global Innovations Fund Ltd. and AlphaOne Global Innovations Fund, L.P. are
paid quarterly in arrears based on the value of each investor’s capital account as of the last business day of
each calendar quarter.

Individually Managed Accounts
We receive Management Fees for Managed Accounts, which are individually negotiated. The Management
Fees are expected to range from 0.75% to 1.25% of the fair market value of the Managed Account assets on
an annual basis depending on (a) the client’s investment objective and investment strategy; (b) the size of
the account; (c) the amount of the client’s relationship assets under management; and (d) other factors.
Management Fees will be calculated on the basis of the specified percentage of assets under management at
the end of each calendar quarter and are payable quarterly in arrears. Any significant contribution or
withdrawal will be prorated based on the date the money was received or withdrawn.
See Item 15 of this Brochure regarding the deduction of Management Fees from certain client accounts.

UMA Sponsors

Generally, our fees are calculated and billed quarterly, in arears, by each UMA sponsor, based on the market
value of assets under management at the beginning of each quarter. If the client terminates before the end
of the prepaid quarter, a fee is collected on a pro-rata basis.

Payment of Management Fees to Certain Advisory Personnel
Certain AOIS marketing personnel are eligible to receive a portion of the net Management Fees (as defined
in their respective employment agreements) that are earned and received by AOIS with respect to
prospective investors who invest in the Registered Funds, the Private Funds or prospective clients who
establish a Managed Account, when the investment is made as a direct result of the particular employee’s
efforts. As a result of this additional compensation, the employee may have a conflict of interest because
they may have an incentive to recommend a particular investment product based on the compensation they
could potentially receive, rather than on an investor or client’s needs. We have adopted and implemented
policies and procedures to ensure that prospective investors or clients are qualified to invest and that the
investment product chosen is appropriate under the circumstances.

Waiver of Management Fees
We may waive or reduce our Management Fees for certain investors without notice to or consent from any
other investor, including those investors that are affiliated with AOIS. Some investors pay higher or lower
fees than other investors due to certain factors, including but not limited to, the investment objective and
investment strategy, size of the account, the historical or anticipated transaction activity, and the amount of
investor’s relationship assets under management with AOIS.

Other Fees and Expenses

In addition to paying Management Fees and Performance-based Fees (as discussed Item 6 below), client
...

Item 7 - Types of Clients

As noted herein, AOIS’ clients consist of a registered investment company, private unregistered funds,
individually managed accounts, UMA clients and Affiliates. AOIS offers investment advisory services to:
corporate pension and profit-sharing plans; charitable organizations; pooled investment vehicles; and other
U.S. and international institutions, individuals, and high net worth individuals.

Registered Investment Company
We offer and sell the Registered Funds on a continuing basis through two distinct classes of shares: A Class
and I Class. To purchase A Class or I Class Shares of a Registered Fund for the first time, you must invest at
least $2,500 or $100,000, respectively. There is $100 or $10,000 minimum for subsequent investments. I
Class Shares are offered to individual and institutional investors. A Class Shares are offered to individual
and retail investors.

Private Unregistered Funds
The limited partners’ or members’ interest in, or shares issued by, the Private Funds (other than the Master
Funds) are offered and sold on a continuing basis to certain qualified investors. The number of investors in
each Private Fund is limited to “qualified purchasers” as defined in Section 2(a)(51)(A) of the Investment
Company Act (“Qualified Purchasers”) and to “knowledgeable employees” as defined in Rule 3c-5 under
the Investment Company Act (“Knowledgeable Employees”). In addition to being Qualified Purchasers,
investors must also be “accredited investors” within the meaning of Regulation D under the Securities Act
of 1933, as amended (the “Securities Act”) with whom the Private Fund or any person acting on its behalf
has a substantial pre-existing relationship. More detailed information regarding the qualifications for
investing in the Private Funds is found in each Fund’s subscription materials.

The minimum initial investment for each Private Fund is as follows:

 Private Fund                                                   Minimum Initial Investment
 AlphaOne Satori Fund I L.P.                                    $500,000
 AlphaOne Satori Fund, Ltd.                                     $500,000
 AlphaOne Global Innovations Fund, L.P.                         $250,000
 AlphaOne Global Innovations Fund, Ltd.                         $250,000

The Board of Directors of each Private Fund may accept subscriptions of lesser amounts, but not less than
$100,000. Subsequent subscriptions of $100,000 or greater are permitted for each Private Fund.

With respect to AlphaOne Global Innovations Fund, L.P. the minimum investment for additional interests
is $100,000, but in no case will initial capital contributions be accepted for less than $50,000.

With respect to AlphaOne Global Innovations Fund, Ltd. the minimum investment for additional interests
is $100,000, but in no case will initial capital contributions be accepted for less than $50,000.

Individually Managed Accounts
We reserve the right to impose a minimum account size requirement for each Managed Account. While we
intend to be flexible as to minimum account sizes, the relative higher costs and loss of economies of scale
for smaller account sizes typically requires us to charge higher management and/or administration fees for
smaller Managed Accounts. We may enter into agreements with new clients that have different minimum
account sizes and fees from those in effect for existing clients. (See Item 5 for a discussion of fees). Clients
may make cash additions to their Managed Account at any time and withdraw account assets with written
notice to AOIS.

We will not establish a Managed Account for a prospective client whose investment objectives, strategies
and/or restrictions are inconsistent with our philosophy and disciplines.