AXQ Capital LP

5.   Fees and Compensation
Item 5.A.
AXQ is paid a Management Fee based on Authorized Gross Market Value, as determined under
the IMA. Additionally, the Funds pay to AXQ an annual performance-based fee, as more fully
detailed in Item 6. Unless otherwise agreed with the Funds, the Management Fee reduces the
performance-based fee.

Item 5.B.
Fees are not automatically deducted from the Funds. AXQ bills the Funds on a monthly basis.

Item 5.C.
The Funds pay for all costs and expenses directly related to infrastructure, data and investment
transactions, including brokerage commissions, interest expenses and custody and transfer fees.
The Funds are also responsible for fees and expenses directly related to any investment products
utilized by AXQ, such as Exchange Traded Funds (“ETFs”). Please see the disclosures in Item 12
as it relates to AXQ’s brokerage activities. The Funds deduct the cost of execution and financing
incurred by AXQ’s activities from AXQ’s Management Fee, as determined by the IMA.

Item 5.D.
By default, Management Fees are paid monthly in advance, while Performance Fees are paid
annually in arrears. The timing of such payments, including the determination of refunds, where
applicable, are agreed upon in AXQ’s IMA with the Funds, or in amendments thereto.

Item 5.E.
AXQ and its supervised persons are not compensated by the Funds for the sale of securities or
other investment products.

7.    Types of Clients
Currently, AXQ only provides investment sub-advisory services to the Funds, which are private
pooled investment vehicles for sophisticated investors. AXQ has no established minimum account
size for clients or client accounts.