JL Squared Group LLC

Item 5. Fees and Compensation

                                                                                   Form ADV Part 2A, Item 5

Compensation

As of January 1, 2019, JLS no longer receives management or performance based fees from the funds
it manages or management fees from the separately managed accounts it manages. Instead, JLS has
entered into a cost sharing arrangement, where the Lubert family has agreed to cover the cost of the
Firm’s services/expenses. Non-Lubert investors, whom are exclusive to the liquidating Fund, do not
pay any fees or share in or cover the cost of any of the services.

Other Types of Fees and Expenses

All client accounts, including non-Lubert investors, pay other investment related fees and expenses,
such as custodial charges, brokerage fees, (refer to Item 12 below), commissions and related costs
(including mark up and mark downs of fixed income securities), interest expenses, taxes, duties and
other governmental charges, transfer and registration fees or similar expenses, costs associated with
foreign exchange transactions, other portfolio expenses and costs, and expenses and fees associated
with products or services that may be necessary or incidental to investments or accounts. Investors in
the hedge funds are also charged management and incentive fees, of up to 2% and 20%, respectively,
by the hedge fund managers of the underlying hedge fund portfolio holdings in the client accounts.
All investors in JLS managed hedge funds bear a pro-rata share of all expenses described.

Item 7. Types of Clients

                                                                                 Form ADV Part 2A, Item 7

JLS provides investment management programs to Qualified Client privately offered pooled
investment vehicles, or hedge funds, and, to a lesser extent, separately managed accounts. However,
the Firm only accepts new capital from Lubert family investors.