Goldiron GP LLC

Item 5: Fees and Compensation
   A. As compensation for investment supervisory services rendered to the Fund, GoldIron
      receives from the Fund an advisory fee (each, an “Advisory Fee”). Advisory Fees paid by
      the Fund are indirectly borne by the Investors in such Fund.

      Typically, the Advisory Fee is deducted from the assets of the Fund quarterly in advance.
      The precise amount of, and the manner and calculation of, the Advisory Fee for the Fund
      is individually negotiated with each Investor. The Advisory Fees and distributions
      described herein are generally subject to modification, waiver or reduction by GoldIron in
      its sole discretion, both voluntarily and on a negotiated basis with selected investors via
      side letter and other arrangements, which may not be disclosed to investors in the same
      Fund. The fee structures described herein may be modified from time to time. In addition,
      GoldIron may enter into economic and/or other fee sharing arrangements with respect to
      the Fund and/or certain limited partners thereof, the rights of which will not generally be
      made available to other limited partners.

   B. The Fund is subject to expenses associated with operating the partnership. Expenses
      described below are general in nature and not intended to be exhaustive. For more
      information regarding expenses associated with investing in the Fund, please refer to
      applicable Fund Governing Documents.

   C. Investors are subject to the following expenses associated with their investments in the
      Fund: the organizational costs of the Fund, including legal, accounting, and comparable
      expenses. Each Investor bears the Fund’s pro rata share of operating expenses that include,
      but is not limited to: legal, auditing, accounting and other professional expenses,
      administration expenses and fees, investment expenses such as custodial fees, bank service
      fees and other expenses related to the purchase, sale or transmittal of Fund assets.

   D. GoldIron does not accept compensation for the sale of securities or other investment
      products, including asset-based sales charges or service fees from the sale of mutual funds.

Item 7: Types of Clients
As mentioned in Item 4, GoldIron provides investment advisory services to a single pooled
investment vehicle on a discretionary basis. GoldIron has the discretion to admit additional
investors to the Fund, subject to consent of the existing investors.

GoldIron does not offer advisory services to other clients or investors.