Libra Advisors LLC

Item 5.        Fees and Compensation

In conjunction with its transition to a family office, Libra ceased charging incentive fees to
its Funds as of December 31, 2012. Libra charges one of its Funds, whose limited
partners are all family clients, a monthly management fee calculated at the annual rate
of 0.60% of each limited partner’s capital account balance. Libra charges no fees to any
other Funds, the SPVs or family clients.

Libra is authorized to incur all expenses it deems necessary or desirable on behalf of the
Funds and the SPVs. We pay directly for all office personnel, office space, office
facilities and other ordinary, recurring, necessary and customary business/operating
expenses. The Funds and SPVs pay all other expenses including, legal, bookkeeping,
administrator, audit and accounting fees and expenses; office equipment and related
service contracts; telephone and other communication expenses; publications and
subscriptions; service contracts for quotation equipment and news services; software,
databases and data services; organizational expenses; broker commissions and
research (see Item 12 Brokerage Practices); consulting fees and expenses; interest on
margin accounts; borrowing charges on securities sold short; custodial fees; and other
expenses incurred in connection with the investment activities of the Funds.

Item 7.        Types of Clients

Libra currently provides investment management services to the Funds, the SPVs and
family clients, only, and is in the process of converting to a family office and returning all
non-family client money.