Robertson Opportunity Capital LLC

Item 5.        Fees and Compensation
With respect to Robertson Opportunity Fund, L.P. and Robertson Opportunity Master,
L.P., ROCP receives a quarterly management fee of approximately 0.25% of each limited
partner’s capital account balance. Additionally, Robertson Opportunity Capital Partners
II, L.P. (“ROCP II”), a special limited partner in each fund and an affiliate of ROC and
ROCP, is entitled to receive a performance-based profit allocation at the end of each year
equal to 20% of the funds’ net profits attributable to each eligible limited partner for such
fiscal year, but only to the extent that such profits exceed any losses carried forward from
prior years, based on a “high water mark” formula (the “Performance Allocation”).

All fees are attributable to individual investors in each of the funds. Investors are not
charged duplicative fees when a fund invests through another fund.

Fees payable by the fund clients are non-negotiable, except that underlying investors in the
funds may negotiate different investment terms including fees, through a side letter, but
only on a case-by-case basis. Fees are deducted quarterly from each fund’s account.

Investors in the funds who do not meet the “qualified client” definition are not charged a
performance fee or a performance-based profit allocation. Instead, they are charged a
supplemental quarterly management fee of approximately 0.375% in addition to the
standard management fee, for an aggregate quarterly management fee of approximately
0.625%.

In addition, each fund bears all expenses related to its own respective investment program,
including, but not limited to:

   •   Brokerage commissions and charges (Please see “Item 12. Brokerage Practices”
       for more information.);

   •   Fees and charges of custodians and clearing agencies;

   •   Interest and commitment fees on loans and debit balances;

   •   Income taxes, withholding taxes, transfer taxes and other governmental charges and
       duties;

   •   Legal fees;

   •   Auditing and accounting fees;

   •   The costs of any liability insurance or fidelity bonding obtained on behalf of or for
       the benefit of the fund; and

   •   The costs of printing and distributing any offering documents and any reports and
       notices to current or prospective investors.

Item 7.        Types of Clients
We advise two private pooled investment vehicles, in a mini-master structure. Each of the
funds requires a minimum initial subscription of $1,000,000, although investments of
lesser amounts may be accepted at our sole discretion.