Isomer Partners LP

Item 5: Fees and Compensation

The fees and compensation applicable to a Feeder Fund are set forth in detail in its respective Offering
Documents; a brief summary of such fees and compensation is provided below.

Management Fee

Isomer is paid an investment management fee (“Management Fee”) ranging from 0.0% - 1.75% per
annum of the net asset value of each series of shares or capital account of a Feeder Fund. The
Management Fee is normally charged on the first day of each quarter and is paid in advance based on the
net asset value of the applicable Feeder Fund on the first day of the quarter (and is prorated for partial
quarters).

Generally, the Management Fee is not negotiable. However, Isomer or may, in its sole discretion, waive,
reduce, or modify the Management Fee at any time.

Other Types of Fees or Expenses

The Firm renders its services to the Funds at its own expense and is responsible for its overhead expenses
including: office rent; furniture and fixtures; stationery; secretarial/internal administrative services;
salaries and bonuses; entertainment expenses; all travel-related expenses, including research-related;
employee insurance and payroll taxes.

All other expenses are paid by the Feeder Funds (or by the Master Fund and allocated to the Feeder Fund)
and shall include, but will not be limited to: the Management Fee; Feeder Fund legal, compliance
(including consultants’ fees), risk management expenses (including software licensing and consultants’
fees), administrator, audit and accounting expenses (including third party accounting services);
Organizational Expenses (as defined below); investment expenses such as commissions, research fees and
expenses (including Bloomberg and similar subscriptions and data services and third party consultants);
interest on margin accounts and other indebtedness; borrowing charges on securities sold short; custodial
fees; bank service fees; Fund-related insurance costs (including D&O and E&O insurance for the Firm and
the General Partner and members of the Review Committee); independent Master Fund Review
Committee members’ fees and expenses; Anti-Money Laundering Officers’ fees and expenses; expenses
of regulatory compliance (including compliance with AIFMD), filings and reporting (including but not
limited to Section 13, Section 16 and Form PF filings); Directors’ fees and expenses as to the Offshore

Isomer Partners LP                                                Form ADV Part 2A Brochure

Fund; and any other expenses related to the purchase, sale or transmittal of Feeder Funds assets. Each
Feeder Fund will also bear its pro rata share of the Master Fund’s expenses.

Item 7: Types of Clients

Our Clients are the Funds (as described in Item 4 above) and investment in a Fund is generally open to,
among others, institutions, pension plans, endowments, high net-worth individuals, financially
sophisticated individuals, and other sophisticated investors.

Generally, the minimum initial investment in a Feeder Fund is $5 million. However, the Fund General
Partner and/ or the Firm, as applicable, may, in its sole discretion, accept lower initial investments from
time to time.