Benchstone Capital Management LP

Item 5 - Fees and Compensation (Continued)

   investment management agreement between Benchstone and the Sub-Advisory Fund.

C. Any other types of fees or expenses Clients may pay in connection with Benchstone’s
   advisory services will depend on the respective Client’s advisory agreement.

   Generally, Clients shall pay such costs and expenses as Benchstone shall reasonably
   determine to be necessary, appropriate, advisable or convenient to carry on its business and
   realize its objective, including but not limited to: (i) management fees; (ii) all general
   investment expenses (i.e., expenses which Benchstone reasonably determines to be directly
   related to the investment of the Client’s assets); (iii) all administrative, legal, accounting,
   auditing, record-keeping, tax form preparation, compliance and consulting costs and
   expenses; (iv) fees, costs and expenses of third-party service providers that provide such
   services; and, (v) any extraordinary expenses, among other expenses.

   Benchstone’s fees are exclusive of brokerage commissions, transaction fees, and other
   related costs and expenses which shall be incurred by the Clients. Such charges, fees and
   commissions are exclusive of and in addition to Benchstone’s management fee, and
   Benchstone shall not receive any portion of these commissions, fees, and costs.

   Please see Item 12 of this Brochure regarding brokerage.

D. Benchstone will pro rate the management fee for Fund Interests held for less than a full quarter
   as a result of subscribing for interests other than on the first business day of the quarter.
   Prepaid but unearned fees are refunded to the Clients and/or Investors, as the case may be.

   Benchstone generally requires Fund Investors wishing to withdraw amounts from their capital
   accounts upon 60 days written notice for the last business day of a quarter and does not permit
   withdrawals on any other date.

   Benchstone may, in its sole discretion, waive or modify the conditions relating to withdrawals
   for Investors that are members, partners, principals, employees or affiliates of Benchstone,
   relatives or entities of such persons, and for certain strategic and/or large investors.

E. Other than as described above, neither Benchstone nor any of its supervised persons will
   receive any additional compensation from the sale of securities or other investment products.

Item 7 - Types of Clients

As mentioned in Item 4, Benchstone provides investment advisory services to its Clients, which
are private pooled investment vehicles, in accordance with the investment objectives and
strategies described in its Offering Documents or relevant investment management agreement
with the Client.

Investors in the Fund generally must be an “accredited investor” (as defined in Regulation D
under the Securities Act of 1933), a “qualified purchaser” (as defined in Section 2(a)(51) of the
U.S. Investment Company Act of 1940, as amended), and must meet other criteria as specified
in the Offering Documents. The minimum initial investment is $5,000,000, subject to waiver or
change in the sole discretion of Benchstone.