E&E Advisors LP

Item 5 – Fees and Compensation

The Advisor charges a fee for serving as investment manager or general partner of each
Advisor Managed Fund equal to either 0.0%, 0.5% or 1.0% per annum of the net asset value
of assets under management (the “Management Fee”), depending on the fund and the fee
percentage applicable to a particular class of interests of such fund. The Management Fees
are negotiable in that they may be waived or reduced at the Advisor’s discretion and are
waived for certain classes of interests. Management Fees are generally waived for certain
affiliated investors or for certain classes of interests.

The Management Fees are calculated quarterly in advance and either deducted monthly or
quarterly in arrears, depending on the fund.

Advisor Managed Funds invest in non-affiliated pooled investment vehicles which may
include limited partnerships, joint ventures, investment companies and other similar
entities managed by professional specialized fund managers that utilize a broad range of
investment strategies (“Portfolio Funds”) and also may invest in exchange traded funds and

managed accounts. Assets invested in Portfolio Funds, exchange traded funds or in managed
accounts are separately subject to management and/or incentive fees which may be imposed
by those managers or entities directly and which are in addition to the Management Fees.
The Advisor does not share in any such other fees.

The Advisor Managed Funds incur all expenses in connection with their organization and the
offering of interests. Each Advisor Managed Fund also pays all direct expenses relating to its
operation. Such direct expenses include, but are not limited to, accounting, tax, auditing and
legal expenses; fees paid to a third party administrator; certain investment expenses
(including investment related due diligence expenses); insurance expenses; interest and
taxes paid by the Advisor Managed Fund (but not by the partners of such Advisor Managed
Fund); the costs of maintaining the Advisor Managed Fund’s existence under Delaware or
Cayman law; any director and secretarial service fees; the cost of any borrowings from
affiliated funds or other third party lenders; any filing or other fees paid in connection with
the filing of the Advisor Managed Fund’s organizational documents, any amendment to such
organizational documents and any other required filings (including Form PF filing
expenses); banking fees; and a portion of fees and out-of-pocket expenses of any service
company retained to provide systems and market research data to the Advisor Managed
Funds. Expenses of an Advisor Managed Fund are borne pro rata by all investors in such
Advisor Managed Fund in accordance with their respective ownership interests.

Item 7 – Types of Clients

The Advisor provides advisory services to affiliated pooled investment vehicles which
include the Advisor Managed Funds and any future investment pools formed by the Advisor
or its affiliates.