Cannon Global Investment Management LLC

Item 5:        Fees and Compensation
Our fees and compensation are described in our clients’ Governing Documents.

The Funds

Investors in Cannon Global A2 Fund, LP pay an annualized management fee of 0.3%. Such fee is paid monthly
in arrears and deducted from such investors’ capital accounts. We have waived or reduced, and may in the
future waive or reduce, the management fee for certain investors. Investors in Cannon Global Fund, LP do not
pay management fees.

The Cannon GPs, our affiliates, are also entitled to receive performance-based allocations from the Funds, as
further described in Item 6 – Performance Based Fees and Side-By-Side Management.

Expenses

The Funds are each responsible for all of their own operating expenses and fees other than (i) ongoing offering
expenses and (ii) accounting and auditing expenses. Therefore, the expenses each Fund incurs, without
limitation, are the following: expenses and fees, brokerage commissions, certain trading fees, including trade-
away fees, legal fees, custodial fees, interest, insurance, taxes and any and all extraordinary expenses of the
Fund (including without limitation, litigation fees of each Fund).

We also allocate a portion of client capital to money market funds or exchange-traded funds. In addition to
the fees and expenses discussed above, clients will indirectly incur similar fees and expenses if we invest their
capital in such funds, as these funds in turn pay similar fees and expenses to their investment managers and
other service providers.

To the extent that a client benefits from an item that is chargeable to other clients, but is not permitted to
incur such expense under its Governing Documents, we will bear such client’s pro rata portion of the expense.

For a more detailed discussion of brokerage and transaction costs, see Item 12 – Brokerage Practices.

Item 7:        Types of Clients
Investors in the Funds are generally high net worth individuals and institutional investors that qualify as
“accredited investors” (as defined in Rule 501 under the Securities Act of 1933), and, if subject to performance-
based compensation, “qualified clients” (as defined under the Investment Advisers Act of 1940 (the “Advisers
Act”)). The minimum initial investment in the Funds is generally $1,000,000. We may waive such minimum
under certain circumstances.

If we determine to require a minimum investment for any SMAs, we will make that determination on a case-
by-case basis.