Cambridge Investments LLC

ITEM 5: FEES AND COMPENSATION

Asset Based Fees. The Advisor will receive from the Fund a quarterly asset based management fee (the
“Management Fee”) in arrears, in an amount equal to .50% of the aggregate net asset value of each limited
partner’s capital account (2.0% per annum). The Management Fee is prorated for partial periods. Payment
of the Management Fee is due as of the last business day of each calendar quarter and is payable by the
Fund within ten (10) days thereafter. The Management Fee charged to the Fund is calculated and deducted
directly by the administrator from the Fund’s account on a quarterly basis.

The Advisor, in its sole discretion, may waive, by rebate or otherwise, all or part of the Management Fee
otherwise due with respect to any Partner’s investment or any class of Interests, including, without
limitation, the Advisor’s affiliates, members, principals and/or employees.

Please see Item 6 for a discussion of the Advisor’s performance based compensation.

Operating Expenses. The Fund is responsible for all ongoing costs and expenses associated with its
administration and operation. Such costs include, but are not limited to, government fees, if any, research
expenses, Fund administration, brokerage commissions, communications, telephone calls, investment
related consultants and other service providers’ expenses (which may include, but not be limited to,
expenses for maintaining the trading/portfolio management system(s), risk management system(s) and
Bloomberg user terminal and data feed fees), its pro rata share of master fund costs (if any), insurance
premiums (if any) of Cambridge GP, LLC, a Delaware limited liability company and the Fund’s general
partner (the “General Partner”), the Advisor and/or the Fund, expenses incurred with respect to the
preparation, duplication and distribution to limited partners and prospective limited partners of the Fund’s
offering and similar documents, annual reports and other financial information, and all tax, accounting (and
audit) and legal fees, and similar ongoing operational expenses of the Fund. Please see Item 12 for a
discussion of brokerage practices.

Neither the Advisor nor any of its supervised persons receive any compensation from the sale of securities
or other investment products.

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ITEM 7: TYPES OF CLIENTS

The Advisor’s sole client will be the Fund. The minimum initial capital contribution in the Fund is
$1,000,000 and the minimum additional investment in the Fund is $100,000, subject to the sole discretion of
the General Partner to waive, reduce or increase such minimum amounts. The assets of the Fund are invested
by the Advisor pursuant to the Fund’s Memorandum.

Each investor in the Fund must, among other things, make certain representations and warranties in the
Fund’s subscription documents and qualify as “accredited investors” under the Securities Act of 1933, as
amended, and “qualified clients” as defined under the Advisers Act.

The Advisor does not manage any separate accounts at this time.