East Side Capital Corp

Item 5          Fees and Compensation

The compensation East Side receives from the Funds is comprised of a management fee based on a
percentage of assets under management, as well as a performance-based fee (i.e., a fee based on a share of
capital gains on or capital appreciation of the assets under management). Management fees typically are 1%
per annum, depending on the Fund and share class, and are typically paid quarterly in arrears. Performance
fees are 20% of net profits and are paid annually to the General Partner.

Fees are almost always not negotiable. However, the Company may waive or reduce the investment
management fee and/or the performance-based compensation for Investors at its discretion, including for
Investors that are principals, employees, or affiliates of the Company or Investors with extremely significant
assets under management.

Each Fund will also pay its own expenses, including, but not limited to: (a) legal, accounting, auditing, and
other professional expenses; (b) fees and expenses of the administrator; (c) taxes and corporate fees payable
to governments or agencies; (d) directors' fees (if any) and expenses; (e) interest on borrowings, including
borrowings from prime brokers and custodians; (f) the fees and expenses of custodians; and (g) litigation and
indemnification expenses. In addition, the Funds will incur brokerage and other transaction costs, including
brokers' commissions and borrowing charges on securities sold short. Item 12 below includes a more detailed
discussion of East Side's brokerage practices.

Please refer to Funds' offering documents for a complete description of the fees and expenses charged by
each Fund.

Item 7           Types of Clients

East Side's Clients consist of pooled investment vehicles. The minimum investment in a Fund varies by Fund
and East Side may waive the minimum investment amount at its discretion.