Fine Capital Partners LP

Item 5: Fees and Compensation

Fine generally charges each Fund a management fee consisting of a portion of an amount to
be determined by the General Partner on an annual basis. The amount will not exceed a
predetermined threshold specified in the Funds’ offering documents. Such an amount is
allocated among the Funds pro rata based on the aggregate amount of the net asset value of
all investments held by each Fund. Management fees are charged in advance on the first day
of each quarter. The management fee will be prorated for additions to and withdrawals from
a Fund’s account during a quarter. The General Partner has discretion to reduce or waive
fees charged to certain limited partners.

Fees are deducted from a Fund’s accounts by instructing the Fund’s custodian. The Funds shall
pay for their organizational and initial offering expenses as well as for their operating expenses,
including but not limited to, all accounting, auditing, tax preparation, legal, administration,
research, and trading costs. The Funds may incur brokerage and other transaction costs. For
further details on the Firm’s brokerage practices refer to Item 12 of this Brochure.

It is very important that investors refer to their respective Fund’s offering documents for a
complete understanding of how Fine is compensated for its advisory services. The information
contained herein is a summary only and is qualified in its entirety by the relevant Fund offering
documents.

Item 7: Types of Clients

The Firm’s clients are the Funds. The initial and additional subscription minimums for each
Fund are disclosed in the offering documents for the Fund. Fine Capital’s also advises on a
proprietary account of an affiliate.