Humble Capital Management LLC

Item 5.         Fees and Compensation

A.      Advisory Fees. Our fee for advisory services to the Fund is set forth in the Memorandum. Our
standard fee for separate accounts is 1.0% per annum billed to the client on a quarterly basis in arrears.
Fees for separate account management are negotiable in our sole discretion.

B.       Other Fees or Expenses. Except as noted below, the Fund will pay all other expenses
attributable to the activities of the Fund, including but not limited to: fees, costs, brokerage commissions
and expenses related to the purchase and sale of investments; expenses for custodians, outside legal
counsel, accountants and administrative services; any litigation expenses; marketing expenses;
communication expenses for Fund activities, including telephone, fax, printing and mailing costs; and any
taxes, fees or other governmental charges levied against the Fund.

As the general partner of the Fund, we are responsible for our own ordinary administrative and overhead
expenses in managing the Fund investments.

Our separate account advisory fees are exclusive of brokerage commissions, transaction fees, and other
related costs and expenses which shall be incurred by the client. Clients may incur certain additional
charges imposed by custodians, brokers, and other third parties such as fees charged by managers,
custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic
fund fees, and other fees and taxes on brokerage accounts and securities transactions. To the extent client
assets are invested in mutual funds and exchange traded funds, such funds charge advisory, administrative
and other fees, which are disclosed in a fund’s prospectus. As a result, clients will pay two levels of
advisory fees with respect to such assets, one to us and one to the fund’s investment adviser. Fund
charges, fees and commissions are exclusive of and in addition to our fee, and we do not receive any
portion of these commissions, fees or costs.

More information regarding our brokerage practices is contained below in Item 12.

C.       Other Compensation. Our firm and our employees do not accept compensation for the sale of
securities or other investment products.

Item 7.           Types of Clients

We generally offer investment advisory services to a private investment fund, high-net-worth individuals,
pension and profit-sharing plans, and charities.

Minimum investment requirements for investors in the Fund are set forth in the Memorandum. Our
investment minimum for separate account management services is $1,000,000. We reserve the right to
waive this minimum at our sole discretion.