Fischer & Co LP

Item 5.     Fees and Compensation

Advisory Fees and Compensation

Fee arrangements with Managed Accounts are individually negotiated and memorialized in each such
Managed Account’s investment advisory agreement. Such advisory fees typically range from 0.5% (on an
annualized basis) to 1.0% (on an annualized basis) of a Managed Account’s aggregate assets under
supervision. In certain instances, the advisory fee Fischer receives from a Managed Account is a “fixed fee”
and as such, will not be calculated based on the assets under supervision.

The fees charged to each Fund are set forth in their respective offering documents. The Adviser is paid a
quarterly management fee of up to 0.375% (1.5% on an annualized basis) of the aggregate net asset value
or capital account balance of the fee-paying investors in FEF and FGOF, and up to 0.25% (1.0% on an
annualized basis) of the aggregate net asset value or capital account balance of the fee-paying investors
in FGLO.

Management fees are prorated for investments made and redeemed during any calendar quarter and for
any calendar quarter in which the Adviser does not act as an investment manager of such account for the
entire quarter. The Adviser reserves the right to waive or reduce management fees. Typically, related
persons of the Adviser are not charged management fees in respect of their investments in one or more
Funds.

It is important that Managed Accounts and Fund investors refer to the relevant investment advisory
agreement, confidential private offering memorandum, and other governing documents for a complete
understanding of how the Adviser is compensated for its advisory services. The information contained
herein is a summary only and is qualified in its entirety by such documents.

Payment of Fees

Fee arrangements with the Managed Accounts are individually negotiated and fees may be either deducted
directly from a Managed Account’s assets or billed directly to the Managed Account client, in either case
quarterly in advance, in arrears, or at such other time as may be agreed by the Adviser and the Managed
Account.

The Adviser deducts management fees from the assets of the Funds. Management fees are deducted in
advance on a quarterly basis for all Funds.

Other Fees and Expenses

Each Managed Account is responsible for the payment of its ongoing costs and expenses including third-
party custodians.

Each Fund is responsible for the payment of its ongoing costs and expenses associated with its
administration and operation (“Administrative Expenses”), including, but not limited to: i) legal, accounting,
audit and tax preparation fees and expenses; ii) all expenses relating to its marketing, investing, trading
and related activities; and iii) its allocable share of all overhead expenses incurred by the Adviser in
providing administrative and general services to such Fund.

For each FGOF and FEF, the Administrative Expenses shall not exceed 50 basis points per annum of each

Fund’s average monthly net assets (with the allocation of a pro rata share of other fees and expenses
incurred by the Adviser not to exceed 35 basis points per annum of the Fund’s average monthly net assets).
Expenses in excess of 50 basis points per annum shall be paid by the Adviser.

In its capacity as an investor in the Underlying Investment Funds and/or in the Underlying Fund Managers,
each Client may indirectly incur similar fees, allocations and expenses, including management fees and
performance-based fees by the Underlying Fund Managers and other service providers (Investment
Expenses).

Item 7.     Types of Clients

The Adviser has entered into separately managed account arrangements with high net worth individuals,
individuals, pension funds, IRAs, endowment funds, and corporations.

The Adviser also provides investment advisory services to pooled investment vehicles operating as private
investment funds. Investors in the Funds must meet the eligibility provisions outlined in the Funds’
respective offering documents. With the exception of FGLO the minimum initial contribution is $1,000,000,
subject to reduction at the discretion of the general partner of such Fund (FGOF, FEF). With respect to
FGLO, the minimum initial contribution is $500,000, subject to reduction at the discretion of the general
partner of such Fund.

Investors in the Funds managed by the Adviser consist of, high net worth individuals, individuals, pension
funds, IRAs, endowment funds, and corporations.