Analog Century Management LP

Item 5: Fees and Compensation
Analog provides investment advisory services to the Clients pursuant to investment advisory
agreements (the “Agreements”). The Agreements for the Clients set forth in detail the fee structure
relevant to the Clients and each share class of a Fund, as applicable.

Analog or its affiliates receive compensation and fees from the Clients based on a percentage of
assets under management (the “Management Fee”) and based on the performance of a Client’s
portfolio (the “Incentive Allocation”). As set forth in the Agreements, fees and compensation paid
to the Adviser or its affiliates by the Clients are either deducted from the assets of the Clients or
separately paid by a Client or its affiliates.

The Management Fee is generally deducted on a monthly or quarterly basis, in advance, and the
Incentive Allocation is generally deducted annually or at the times set forth in the Agreements as
further discussed in Item 6.

The Adviser or its affiliates may waive, reduce, or modify the Management Fee and/or Incentive
Allocation for certain Investors or Funds, including members, employees, and affiliates of the
Adviser.

Organizational & Operational Expenses
The organizational expenses of a Fund, including expenses incurred in connection with the initial
offer and sale of interests in a Fund, are paid by the applicable Fund.

The Adviser provides services to the Funds at its own expense and is responsible for its overhead
expenses, including: office rent; utilities; furniture and fixtures; stationery; secretarial/internal
administrative services; salaries and bonuses; entertainment expenses; employee insurance and
payroll taxes.

Most other expenses are paid by the Funds and will include: the Management Fee; Fund legal, tax
and regulatory compliance, filings and reporting (including, without limitation, Form PF);
administrator, audit and accounting expenses (including third-party accounting services);
organizational expenses; investment expenses such as commissions, research fees and expenses
(including Bloomberg and similar subscriptions and data services); interest on margin accounts and
other indebtedness; borrowing charges on securities sold short; custodial fees; bank service fees;
Fund-related insurance costs (including D&O and E&O insurance for the Adviser and the General
Partner and outside directorship liability); the Funds’ pro rata share of the expenses of the Master
Fund (which may include expenses of a Fund and other investment vehicles that invest in the Master
Fund); and any other expenses related to the purchase, sale or transmittal of Fund assets.

Each Feeder Fund that invests in the Master Fund will indirectly bear the administrative and other
expenses of the Master Fund pro rata based on its interest in the Master Fund. Most expenses are
incurred at the Master Fund level and therefore expenses incurred directly by a Feeder Fund are
expected to be relatively small.

The Sub-Advised Funds’ investment managers or affiliates, and not the Adviser, are responsible
for satisfying all margin and other payments, and paying all brokerage commissions and other fees,
costs and expenses charges by the custodians, executing brokers, or other counterparties. In its
capacity as a sub-adviser, the Adviser is responsible for its general overhead, research, technology,
travel, salary and office expenses.

Item 7: Types of Clients
Analog primarily provides discretionary investment management and advisory services to its
Clients directly. Investors include high net worth individuals, partnerships, pension funds and
profit-sharing plans, trusts, estates, charitable organizations, corporations, business entities,
endowments, investment funds and foreign sovereign wealth funds. Investors will be required to
meet certain suitability qualifications to comply with applicable federal securities laws and
regulations.

A Fund requires minimum initial subscriptions from Investors as described in its offering
documents. A Fund is permitted to accept lower subscription amounts under the circumstances
described in its offering document.