Harvey Partners LLC

Item 5: Fees and Compensation

Harvey receives fees for investment management services based on the net assets of the Fund,
as disclosed in each Fund’s offering memorandum. An annual management fee of 1% or 1.5%,
based on the liquidity of the investor’s share class or series, is calculated and payable quarterly
in advance. Harvey or its affiliate is also entitled to an incentive fee or allocation that ranges
from 17.50% to 20% of the annual net profits allocable to an investor’s capital account (or
shares). For Series L interests, Harvey is entitled to an incentive allocation equal to 15% of
the outperformance of the relevant index. While the management fee and incentive fee are
generally not negotiable, Harvey or its affiliate may waive or reduce the management fee or
the incentive allocation, as applicable, to be paid by investors that are members, principals,
employees or affiliates of Harvey, relatives of such persons and certain large or strategic
investors.

Any separately managed accounts that we may manage will be charged fees on a case-by-case
basis, which may include management fees and/or performance-based compensation. The
expenses that are charged to any separately managed accounts that we may manage are
negotiated on a case-by-case basis.

Expenses

We will be responsible for and will pay or cause to be paid the following overhead expenses:
office rent; utilities; furniture and fixtures; stationary, secretarial/internal administrative
services; salaries; entertainment expenses; employee insurance and payroll taxes.

Harvey Partners, LLC                                                      Form ADV Part 2A

All other expenses will be paid by the Funds and will include: the management fee; legal,
compliance, audit, and accounting expenses (including third party accounting services);
administrator fees and expenses; organizational expenses; investment expenses such as
commissions, research fees and expenses; order management systems; partnership related
insurance costs; interest on margin accounts and other indebtedness; borrowing charges on
securities sold short; custodial fees; and any other expenses related to the purchase, sale or
transmittal of partnership assets.

Item 7: Types of Clients

The Firm’s clients are the Funds and the SMAs. Investors in the Funds consist primarily of
institutional investors and high net worth individuals. Depending on whether the Fund advised
by us relies on a 3(c)(1) or 3(c)(7) exemption, investors must meet the requirements for an
“accredited investor” under the Securities Act of 1933, as amended (the “1933 Act”) or an
“accredited investor” and a “qualified purchaser” under the Investment Company Act of 1940,
as amended (the “Investment Company Act”).

The minimum investment routinely required to invest in the Funds is U.S. $1,000,000. The
subsequent minimum additional investment routinely required by investors is U.S. $250,000.
The General Partner reserves the right to reduce the minimum investment.