Artorius Management LLC

ITEM 5 – FEES AND COMPENSATION
Management Fee

Pursuant to the Funds’ Governing Documents, Artorius receives a management fee payable monthly in
advance equal to 0.125% (1.5% per annum) of the net asset value of each Fund Investor’s capital account
or shares. The management fee will be pro-rated when Artorius provides services for less than a full
month.

Artorius may, in its sole and absolute discretion, reduce or waive the management fee with respect to any
Fund Investor, without notice to or the consent of any other Fund Investor. Artorius generally expects to
waive the management fee for all employees of Artorius, their spouses and their children.

Performance-based Allocation

Pursuant to the Funds’ Governing Documents, the General Partner receives from the Intermediate Master
Fund a performance-based allocation generally made at the end of the year equal to 20% of the excess of
the net profits allocated to each Fund Investor over any net losses that have been allocated to the Fund
Investor, including un-recouped net losses carried forward from prior periods.

The General Partner may, in its sole and absolute discretion, elect to reduce or waive the performance-
based allocation with respect to any Fund Investor, without notice to or the consent of any other Fund
Investor. The General Partner generally expects to waive the performance-based allocation for employees
of Artorius, their spouses and their children.

See Item 6 for discussion of potential conflicts of interest associated with the performance-based
compensation received by an affiliate of Artorius.

Expenses

The Funds, and thus the Fund Investors indirectly, bear all expenses other than administrative and
overhead expenses of Artorius. Fund expenses may include, without limitation, legal, accounting, tax,
audit, consulting and other professional fees (including expenses associated with maintaining a Fund’s
financial books and records, calculating net asset values and preparing a Fund’s financial statements, tax,
government filings and other reports), (ii) fees of the administrator, (iii) withholding and other taxes and
all registered agent, government filing, licensing and registration fees, (iv) bank fees, (v) litigation and
extraordinary expenses, (vi) expenses relating to the offer and sale of the Fund interests (exclusive of
selling commissions) and (vii) its pro-rata share of the Master Fund’s expenses including each vehicle’s
own above described expenses, and trade clearing costs, brokerage commissions, ticket charges and other
transaction costs, interest and commitment fees on debit balances or borrowings, borrow and dividend
expenses on securities sold short, custody fees, proxy voting expenses and administration expenses. Each
of the Domestic Fund and the Offshore Fund will pay its pro rata share of all losses and expenses arising
from trading errors unless such errors are caused by the gross negligence of Artorius.

Refer to Item 12 – Brokerage Practices for further information regarding the Funds’ investment and
trading expenses.

It is critical that Fund Investors refer to the relevant Fund’s Governing Documents for a complete
understanding of how Artorius is compensated for its advisory services. The information contained
in this Item 5 is a summary only and is qualified in its entirety by the relevant Fund’s Governing
Documents.

ITEM 7 – TYPES OF CLIENTS
Artorius provides investment advisory services to the Funds, which are private investment funds. Each of
the Domestic Fund and the Offshore Fund requires a minimum initial investment of $250,000, subject to
the sole and absolute discretion of the General Partner and the Board of Directors, respectively, to accept
lesser amounts. In the Offshore Fund the minimum initial subscription must always be at least $100,000,
as required by the laws of the Cayman Islands.

In addition to the minimum subscription amount, Fund Investors must also meet a Fund’s eligibility
requirements which generally require a Fund Investor to qualify as an “accredited investor” as defined in
Rule 501 under Regulation D under the Securities Act of 1933, as amended and a “qualified purchaser” as
defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended. Fund Investors also
need to meet additional requirements set forth in a Fund’s Governing Documents, including the
subscription agreement.

Artorius does not currently advise any separately managed accounts but may establish one or more
separately managed accounts in the future.

This Brochure may be provided to current or prospective Fund Investors, together with the Fund’s
Governing Documents, prior to or in connection with such prospective Fund Investor’s consideration or
execution of an investment in a Fund, and may subsequently be provided periodically to a Fund Investor.
Fund Investors and other recipients should be aware that while this Brochure may include information
about the Funds, as necessary or appropriate, it should not be considered to represent a complete
discussion of the features, risks or conflicts associated with any Fund. More complete information about
the Funds is included in the Governing Documents, which may be provided to current and eligible
prospective Fund Investors only by Artorius or another authorized party.

In no event should this Brochure be considered to be an offer of interests or shares in a Fund or
relied upon in determining whether to invest. It is also not an offer of, or agreement to provide,
advisory services directly to any recipient. Rather, this Brochure is designed solely to provide
information about Artorius for the purpose of compliance with certain obligations under the Advisers Act
and, as such, responds to relevant regulatory requirements under the Advisers Act, which may differ from
the information provided in the Governing Documents. To the extent that there is any conflict between
discussions herein and similar or related discussions in any of the Governing Documents, the
Governing Documents shall control.