JRB Capital Management LLC

ITEM 5              FEES AND COMPENSATION
A. FEE DESCRIPTION
  Portfolio Management Fees
     Private Fund
     For its services to the Partnership, the Manager is entitled to a management fee (the
     “Management Fee”) with respect to each Capital Account (defined in the Governing
     Documents). The Management Fee is charged at an annual rate of one percent (1.0%) or
     an annual rate of one and one-half percent (1.5%) of each Limited Partner’s Capital
     Account balance depending on the Class of the Capital Account held by the Limited
     Partner. The Management Fee shall be calculated and paid in advance on the first
     business day of each calendar month in an amount equal to one twelfth (1/12) of the
     annual percentage rate of the balance of such Capital Account as of such date. The
     General Partner is authorized to waive or alter the Management Fee with respect to any
     Limited Partner in its sole discretion.

     The General Partner generally grants waivers of the Management Fee to principals and
     employees of the Manager and its affiliates, as well as their related family members and
     affiliates.

     Separately Managed Accounts
     Portfolio management fees are negotiable. Fees are based on a percentage of client
     assets we manage and generally range between 0.75% to 2.00% per annum. This fee

     applies to the total market value of all managed assets, including cash and excluding any
     margin balance.

     Portfolio management fees are paid either monthly or quarterly in arrears and shall be
     calculated based on the fair market value of the portfolio on the last business day of the
     billing period.

     The initial fee will be calculated pro rata for the period based upon the number of days
     that services were provided.

  Consulting Services
     Fees for consulting services are negotiated on a case-by-case basis and are highly
     dependent on the Clients’ specific needs and the parameters of the engagement. Fees for
     consulting services typically consist of a fixed monthly fee or an hourly fee invoiced
     monthly in arrears. Lower fees for comparable services may be available from other
     sources.

B. FEE DEDUCTION
  Portfolio Management Services
     Private Fund
     The Management Fees are calculated, paid, and reported on the Limited Partner
     statements prepared and issued by the Partnership’s third-party administrator monthly.
     Additionally, the Partnership will provide each Limited Partner as soon as practicable after
     the end of each calendar year (or as otherwise required by law) annual reports containing
     financial statements examined by independent auditors (registered with, and inspected
     by, the Public Company Accounting Oversight Board) selected by the General Partner in
     its sole discretion, as well as such tax information as is necessary for each Partner to
     complete federal and state income tax or information returns, along with any other tax
     information required by law.

     Each Limited Partner is responsible for verifying fee computations. If there is a question
     about a specific fee calculation, please contact us.

     Separately Managed Accounts
     With Client written authorization, portfolio management fees are withdrawn directly
     from the Client’s accounts. Fees are paid either monthly or quarterly in arrears. Refer to

ITEM 7              TYPES OF CLIENTS
  Portfolio Management Services
     Private Fund
     The Partnership is offering Interests for investment to Limited Partners that meet the
     appropriate minimum requirement as “accredited investors” as defined in Rule 501(a)
     under the Securities Act of 1933, as amended (the “33 Act”), “qualified clients” as defined
     under Rule 205-3 under the Investment Advisers Act of 1940, as amended (the “Advisers
     Act”) and “qualified purchasers” as defined in Section 2(a)(51) of the Investment
     Company Act of 1940, as amended (the “ICA”). Each Limited Partner will be required to
     provide certain representations, warranties, and assurances in its Subscription
     Agreement.

     Additionally, the Partnership is a commodity pool, as defined in the Commodity Exchange
     Act (“CEA”) and the applicable regulations of the Commodity Futures Trading Commission
     (“CFTC”). The Manager will operate the Partnership pursuant to CFTC Regulation 4.7,
     which provides that interests are offered exclusively to investors who are, among other
     things, “qualified eligible persons,” as defined in CFTC regulation 4.7, and, accordingly,
     each subscriber for an Interest will be required to represent in its Subscription Documents
     that it is a “qualified eligible person.”

     The minimum initial investment for investors is two hundred fifty thousand dollars
     ($250,000) subject in each case to the General Partner’s discretion to accept initial

     subscriptions in lesser amounts or to establish additional or different amounts in the
     future.

     Separately Managed Accounts
     JRB Capital Management generally offers portfolio management to high-net-worth
     individuals, charitable organizations, and other business entities. Generally, the required
     minimum for portfolio management services is $10,000,000. JRB Capital Management
     reserves the right to waive the minimum requirement.