First Growth Investment Manager LP

Item 5.       Fees and Compensation

First Growth is compensated by management fees and performance allocation fees. For clients
for which FGCM serves as general partner, performance allocation fees are paid to FGCM as
opposed to First Growth. Generally, these fees are not negotiable. Management fees are based
upon a percentage of assets under management and are paid quarterly in advance. Generally,
management fees range from 1 to 1.5% per annum of each investor’s capital account balance.
Its performance allocations are paid annually in arrears and are based upon a percentage
(typically ranging from 10% to 15%) of net profits (including both realized and unrealized
gains and losses), subject to a high water mark. The fund administrator for First Growth’s
multi-investor funds calculates the management and performance allocation fees and deducts
them directly from investors’ capital accounts. For its fund-of-one accounts, First Growth
calculates the fees due and provides an invoice to the investor. Further details on fees can be
found in each fund’s subscription documents.

Relationships with investors in First Growth’s funds are terminable on expiration of the
partnership’s term, dissolution of the partnership or on First Growth’s withdrawal as
investment manager. In a multi-investor fund, each limited partner may withdraw from a
partnership following a lock-up period (as outlined in each partnership’s governing
documents), on specified prior written notice, after a 75-day wait period with a 5% holdback.
If the withdrawal occurs outside of quarter-end, then the management fees collected will be

adjusted on a pro rata basis to the number of days elapsed in the quarter prior to the
withdrawal. The performance allocation fee due will be calculated as of the last day of the
last full month invested in the fund before redemption. In a fund-of-one, the investor may end
the investment advisory relationship by providing written notice thirty days in advance.

First Growth and FGCM, at their sole discretion, may reduce or waive all or any portion of
the management fees or performance fees or allocations with respect to any investor or client.

First Growth’s funds will also bear organizational and ongoing expenses, and each fund is
responsible for its own costs and expenses. Such expenses include, without limitation,
research expenses, trading costs and expenses (such as brokerage commissions, expenses
related to short sales and clearing and settlement charges), and, if applicable with respect to
the particular type of client, custodial and bank fees, recordkeeping, taxes, legal, audit,
accounting, bookkeeping, insurance, professional, expert and consulting fees and expenses,
and, the fees and expenses charged by the client’s administrator for its accounting,
bookkeeping and other services. Investors should consult each fund’s governing documents
for a complete list of such fees and expenses.

First Growth may invest in exchange traded funds (“ETFs”), which charge management fees
separate from First Growth’s management fee. Such fees are disclosed in the respective
ETF’s prospectus. See Item 12 for more information about brokerage.

Item 7.       Types of Clients

As provided in Item 4 above, First Growth provides investment advisory services to private
investment vehicles. Funds can either be multi-investor funds or funds-of-one. Investors in
the funds are required to invest a minimum of $1,000,000, but First Growth and FGCM may
waive this minimum at their sole discretion. Investors in the funds may include high-net-
worth individuals, institutions, trusts, endowments and family offices. Investors in the multi-
investor funds need to meet the definition of “accredited investor” as defined under
Regulation D of the Securities Act of 1933, as amended, and “qualified purchasers” under
Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Company Act”)
so as to comply with the exemptions under Section 3(c)(7) of the Company Act, as applicable.