Linear B Partners LP

Item 5: Fees and Compensation

The Firm generally receives management fees and performance fees (or allocations) in connection
with the investment advisory services it provides to the Funds. Management fees and
performance fees payable to Linear B by a Fund are established by Linear B at the time of the
establishment of a Fund and may vary among each Fund or classes within a Fund. Specific details
of such compensation and its method of calculation are set out in the investment management
agreements and/or underlying governing documents (including offering materials) of the relevant
Fund. Management fees are generally calculated and payable quarterly in advance based on a
Fund’s assets on the first business day of such quarter, typically at annual rates ranging from up
to 1.75%. Performance fees and allocations are generally calculated and payable or reallocated
annually, typically in an amount up to 20% of the cumulative net profit of an account during the
relevant year reduced by a loss recovery account balance, if any. Management fees and
performance fees are deducted from each Fund’s assets and are not billed separately.

The amount and method of the calculation of a performance fee or allocation, and of a
management fee, may be changed by Linear B, or the applicable board of directors or general
partner(s) of a Fund, at any time with the consent of the Fund’s investors or limited partners.
Linear B, or the applicable board of directors or general partner(s) of a Fund, may waive, reduce
or calculate differently the management fee or performance fee or allocation applicable to any
investor without the consent of, or notice to, any other investor.

In our discretion, fees and allocations may be subject to individual negotiation.

In addition to a management fee and performance fee or allocation, a Fund will bear its own
expenses as disclosed in the respective Fund’s offering documents. For Funds in a master-feeder
structure, a feeder fund will also bear its applicable share of these expenses as an investor in the
master fund. These expenses will include expenses incurred directly or indirectly by the Fund as
well as expenses that are incurred by the Fund’s general partner or board of directors, Linear B or
any of their affiliates, which expenses, in the sole discretion of the general partner or board of
directors, are allocable to, or associated with, the activities of the Fund. These expenses are
discussed below.

Linear B Partners, LP                                                          Form ADV Part 2A

The following expenses are paid by the Funds and allocated to the Funds or in unusual circumstances
by the Funds and shall include, but are not limited to: the Management Fee; Fund legal, risk
management expenses (including software licensing, data, and consultants’ fees), administrator
(including, but not limited to, middle and back office services and software necessary for trade
capture and portfolio management), audit and tax preparation (including third-party tax
preparation) and accounting expenses (including third party accounting services and accounting
software); Organizational Expenses (as defined below); execution and order management system
fees and expenses; investment expenses such as commissions, research fees and expenses
(including Bloomberg and similar subscriptions and data services and research-related travel
(including lodging)); 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 Governance
Committee); independent Master Fund Governance Committee members’ fees and expenses;
expenses of regulatory compliance (including compliance with AIFMD and AEOI), filings and
reporting (including but not limited to Section 13, Section 16 and Form PF filings); Directors' fees;
pricing service fees; portfolio valuation expenses (including data feeds and third-party valuation
agents); and any other expenses related to the purchase, sale or transmittal of Fund assets.

The organizational expenses of the Fund (including expenses of the initial offer and sale of Common
Shares) (the “Organizational Expenses”) are paid by the Fund. Organizational Expenses, for net asset
value purposes and in the sole discretion of the Firm, may be amortized over a period of up to 60
months from the date the Fund commences operations, although, if the Fund deems it appropriate,
such amounts may be accelerated.

Item 6: Performance-Based Allocations and Side-By-Side Management

Linear B will receive annual performance fees (or allocations) from the Funds it manages. These
performance fees, as noted above in “Fees and Compensation,” may range from 17.5% to 20% of
the cumulative net profit of an account during the relevant year reduced by a loss recovery
account balance, if any. Linear B, or the applicable board of directors or general partner(s) of a
Fund, may waive, reduce or calculate differently the performance fee or allocation with respect
to any investor, including principals, shareholders and employees of Linear B, a general partner of
a Fund or other affiliates.

Linear B will face a conflict of interest to the extent that it manages a Fund for which it receives a
performance fee at the same time as it manages one or more other Funds for which it receives no
performance fee or a different level of performance fee. A performance fee arrangement
generally entitles an investment adviser to additional compensation based on the performance of
the Fund bearing the performance fee. Linear B may have an incentive to favor Funds or take
increased investment risk on behalf of Funds for which it receives a larger performance fee
because it could receive greater compensation from such Funds. In addition, due to the method
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Item 7: Types of Clients

Linear B will provide investment advisory services, as described above in response to Item 4, to
the Funds. Each Fund will not be registered or be required to be registered under the 1940 Act.
The securities of each Fund will not be registered or be required to be registered under the 1933
Act and will be privately placed to qualified investors in the United States and elsewhere.