Martin Fund Management LLC

Item 5 – Fees and Compensation

The Firm bases its fees on a percentage of assets under management and other fees as explained
below.

Management Fees

A management fee (the “Management Fee”) is paid monthly in advance to the Firm. The
Management Fee charged to clients is dependent upon the client’s selected series investment in
the Funds, as set forth in the Fund’s PPM and the Offshore Fund’s Supplement (the “Investor
Series”). The Management Fee is typically equal to 1/12 of 1.5%-2.0% (1.5%-2.0% per annum),
depending on the Investor Series, of the net assets in the client’s account as of the beginning of
each month. Net assets consist of the client’s beginning account balance, plus or minus gains and
losses (including unrealized gains and losses), increased for additional contributions and decreased
for withdrawals, as applicable. If the account is traded for less than a month, the Management Fee
will be appropriately prorated according to the number of days it was traded.

The Firm has the right to reduce or waive the Management Fee with respect to certain clients or
investors in the Funds.

Incentive Fee

See Item 6 for a description of the Incentive Fee charged to clients.

Expenses

Separate account clients will generally incur transaction fees on purchases or sales of commodity
futures and securities. These transaction charges are usually small and incidental to the purchase
or sale of a contract.

The Funds will pay all of their operating expenses not borne by the Firm or the General Partner
(as defined herein). Such expenses are disclosed in the PPM and the Supplement and will generally
include brokerage commissions (see Item 12); fund administration, accounting, and audit
expenses; legal, compliance and other professional expenses; and the Management Fee.

Item 7 – Types of Clients

Our clients consist of (1) Qualified Eligible Persons, as defined in CFTC Rule 4.7, who are eligible
to open separate accounts and (2) the Funds, which pursue the investment program described in
the Fund’s PPM and Offshore Fund’s Supplement. Interests in the Funds are available to qualified
investors, which may include high net-worth individuals, charitable organizations, public and
private pension and retirement plans, corporations, universities, trusts, governmental entities,
financial advisers, and other sophisticated investors. The minimum account balance necessary to
open a separate account is $25,000,000, and the minimum investment in the Funds is $250,000
(individuals) and $1,000,000 (institutional investors), both subject to waiver or reduction in the
Firm’s, or, in regards to the Fund, the General Partner’s, sole and absolute discretion.