Quantitative Systematic Strategies LLC

ITEM 5 – FEES AND COMPENSATION

The Segregated Accounts earn fixed management fees, which are payable monthly in advance. If an
investment management agreement for any of the Segregated Accounts is terminated before the end of
the billing period, QSS will calculate the refund amount based on the number of trading days in the month
that the client was active.

The Other Accounts are charged an annualized asset-based fee of 1%, which is calculated on the value of
the client’s assets. This fee is based on the market value of the Account on the last day of each calendar
month, multiplied by the annual rate and divided by twelve (12). The fee is payable monthly (covering the
preceding month) within ten (10) days after the end of the applicable month for which payment is due.
Fees earned are deducted from the assets of the retail Managed Accounts and are generally not
negotiable.

The Fund will pay to the Investment Manager a fee for investment management services (the
“Management Fee”) for each quarter equal to 1/4th of 1.0% of the net asset value of each Series F Capital
Account, as of the beginning of such quarter.

The Accounts must pay all brokerage and transaction costs associated with account activities, including
but not limited to research, brokerage commissions, dealer spreads, financing charges and related
transactional fees and expenses, interest expenses and dividends payable with respect to securities sold
short. Please see Item 12 – Brokerage Practices for additional detail.

The Accounts are also obligated to pay their own operating expenses, including applicable taxes, which
includes, but not limited to, administrator fees, legal and audit fees, taxes (if any), bookkeeping charges,
registrar’s fees, distribution costs, filing fees or other regulatory fees, the cost of all services required in
connection with the provision of the information to investors and all other costs relating to the formation,
organization and administration of the Accounts.

QSS does not charge fees on the sale of investment products, nor does it currently maintain shared fee
arrangements with any third parties.

ITEM 7 – TYPES OF CLIENTS

QSS’s client base is comprised of qualified eligible persons and accredited investors, with the ability to
include institutional investors, high net worth individuals, and retail clients.