Grand Slam Asset Management LLC

Item 5 Fees and Compensation

How the Firm is Compensated

With regards to the Fund, the Firm receives from the Fund a management fee at an annul rate equal to (i) one percent (1%)
with respect to investors in the Fund who invested on or before February 2007 and (ii) two percent (2%) with respect to
investors in the Fund who invest after February 2007. This management fee is paid quarterly in advance. The Firm’s
affiliate, Grand Slam General Partners, LLC, as general partner of the Fund (the “General Partner”) is entitled to a
performance-based allocation from the Fund as discussed in Item 6. Please see Item 6 Performance-Based Fees and Side-
By-Side Management for additional information. Fees for the Fund are generally not negotiable, however, the Firm may,
in its sole discretion, waive the management fee, by rebate or otherwise, with respect to, any investor in the Fund, including,
without limitation, employees of the Firm and its affiliates.

The Firm generally negotiates fees with respect to Accounts on a case by case basis, taking into consideration various factors
relating to the services performed by the Firm on behalf of the applicable client. In general, the Firm receives a management
fee, paid quarterly in advance, equal to a percentage of the net asset value of the Account. In addition, the Firm may be
entitled to receive performance-based compensation (subject to the terms and conditions set forth in the applicable managed
account agreement).

How the Firm Charges Fees

With regards to the Fund, management fees charged to the Fund are calculated and deducted directly by the administrator
from the Fund’s accounts on a quarterly basis.

With regards to Accounts, the Firm presents an invoice to the Account holder on a periodic basis.

Other Fees and Expenses

The Firm and any affiliates retained by it will be reimbursed for certain out-of-pocket expenses incurred on behalf of the
Fund and/or Accounts, including, but not limited to, research related travel and entertainment expenses as well as IT, cable,
internet and telephone expenses (to the extent such expenses are not paid with soft dollars). Such reimbursable expenses do
not include any expense attributable to the Firm’s provision of office personnel and space (i.e., rent) required for the
performance of its services.

The Fund is responsible for all ongoing costs and expenses associated with its administration and operation, including but
not limited to brokerage commissions, research expenses, insurance premiums, legal and auditing expenses, accounting,
administrative, and consultant and other service provider expenses (including fees and expenses associated with any
compliance consultant retained by the Fund and/or the Firm with respect to compliance obligations of the Fund and/or the
Firm), marketing expenses, travel costs, expenses incurred with respect to furnishing investors with annual reports and other
financial information, and similar ongoing operational expenses.

Each Account client is responsible for all costs and expenses of the Account, including: (i) all costs and expenses of
transferring the assets to the Account; (ii) all taxes and governmental fees and charges incurred by the Account (including all
withholding taxes); (iii) all brokerage commissions and other trading costs and fees, underwriting discounts, sales loads,
spreads and other similar charges; (iv) all charges of U.S. Depositories and of any custodian and/or other service providers,
including all expenses incurred by the Firm (or its designee) in providing pricing and/or other services; and (v) when
appropriate, at the Firm’s sole discretion, the Firm’s pro rata share of Firm’s research related travel expenses and
entertainment expenses. Such reimbursable expenses do not include any expense attributable to the Firm or its affiliate’s
provision of office personnel, space or facilities required for the performance of their services.

See Item 12 for further details regarding the Firm’s brokerage practices.

Reimbursement for Fees Paid in Advance

Investors in the Fund can redeem their investments in the Fund only quarterly, on the last day of March, June, September or
December. In the unlikely event that there is a redemption prior to the end of the calendar quarter, or in the event
subscriptions are accepted other than at beginning of calendar quarter, the management fee will be prorated based upon an
investor’s actual investment in the Fund.

Compensation for the Sale of Securities or Other Investment Products

Neither the Firm nor any of its supervised persons receive any compensation from the sale of securities or other investment
products.

Item 7 Types of Clients

With regards to the Fund, the Firm’s client is a hedge fund operating as described in Item 4. The Fund has a minimum initial
investment requirement of $500,000. The minimum initial investment amount may be waived at the discretion of the
General Partner.

Each investor in the Fund must, among other things, make certain representations and warranties in the Fund’s subscription
documents. Subscriptions may be accepted or rejected, in whole or in part, in the Firm’s sole discretion. Depending on the
Fund and the location of the investor, each investor is generally required to certify that it is, among other things, an
“accredited investor” (as such term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended
(the “Securities Act”)) and a “qualified client” (as such term is defined in Rule 205-3 under the Investment Advisers Act of
1940, as amended (the “Advisers Act”)).

Account clients generally are required to sign managed account agreements that, among other things, set forth the nature and
scope of the Firm’s investment management authority and the investment objectives, guidelines, restrictions and limitations
applicable to Accounts. In addition, if an Account will be charged performance-based compensation, the applicable Account
client is required to satisfy that it is a “qualified client” (as such term is defined in Rule 205-3 under the Advisers Act).