Roscommon Analytics LLC

Item 5: Fees and Compensation

Overview

Roscommon Analytics is entitled to receive asset-based management fees from the Funds. In addition,
the General Partner is entitled to receive performance-based compensation (if any) with respect to the
Funds. The Funds will also be charged certain other fees and expenses as described below.

The fees applicable to the Funds are set forth in detail in each Feeder Fund’s Governing Document.

Management Fees

The Fund will pay Roscommon Analytics a management fee, from the applicable capital accounts of the
Master Fund, annually in advance on the first day of each calendar month equal to 2% of the net asset
value of each capital account held on behalf of each Investor as of such date.

If an Investor withdraws on a withdrawal date other than the last business day of a month, the management
fee for such partial month will be prorated.

Roscommon Analytics may reduce, waive or calculate differently the management fee for certain Investors,
including but not limited to, members, employees, and affiliates of Roscommon Analytics, without notice
to, or consent from, the other Investors.

Performance Based Compensation

A performance allocation is generally payable (if any) on an annual basis. The annual performance
allocation is equal to 23% of the new appreciation over the “high water mark” (as described below and as

Roscommon Analytics LLC                                                        Form ADV Part 2A

in the Fund’s Governing Documents) (including realized and unrealized gains and losses and net of the
management fee and applicable fund expenses) attributable to each Investor’s capital account for such
fiscal year (or other applicable period).

Upon any withdrawal by an Investor, whether voluntary or involuntary, the performance allocation will
be allocated with respect to the amounts withdrawn. The performance allocation will also be allocated
upon dissolution of the Funds.

The performance allocation is subject to what is commonly known as a “high water mark” provision. That
is, if an Investor’s capital account has a net loss in any fiscal year (or other relevant period, as applicable),
this loss will be recorded and carried forward as to such capital account to future fiscal years (or other
relevant periods) (such amount is referred to as the “Loss Carryforward”). The General Partner will not
receive the performance allocation with respect to an Investor’s capital account in any future fiscal year
(or other relevant period) until the Loss Carryforward amount for such capital account has been
recovered. Once the Loss Carryforward has been recovered, the performance allocation will be based
on the excess profits (over the Loss Carryforward amount) as to such capital account, rather than on all
profits. When an Investor withdraws capital, any Loss Carryforward will be adjusted downward in
proportion to the amount withdrawn.

While the amount of compensation and method of payment are not generally negotiable, subject to certain
conditions and limitations, the General Partner generally may elect to reduce, waive, or calculate
differently the performance allocation with respect to any Investor in the Feeder Funds, without notice
to, or the consent of, the other Investors. The General Partner may also assign the performance allocation
to any person, including an affiliate of Roscommon Analytics or the General Partner. Such affiliates and/or
insiders will be determined by the General Partner in its sole discretion.

Other Fees and Expenses

Each Feeder Fund will bear all of its operating expenses and its pro rata share of the operating expenses
of the Master Fund and all trading vehicles established by Roscommon Analytics, including subsidiaries
and/or special purpose vehicles through which the Master Fund invests or intends to invest, if any, including
such costs incurred at or prior to the formation of the Funds and prior to the closing of the Funds, which
expenses may include, without limitation:

organizational and offering expenses; expenses directly related with all investments and transactions
considered, evaluated and/or consummated by the Master Fund, or any such trading vehicles, including
subsidiaries and/or special purpose vehicles, as well as the overall consideration and evaluation of such
entities’ portfolio, including those expenses incurred before the initial closing of each Fund, including
expenses associated with sourcing, negotiating, investigating, researching, financing and structuring of
investments and potential investments, whether or not consummated, including data and research on-
boarding, ingestion, aggregation, and analysis, third-party research, data, analytics, modeling, risk,
structuring, pricing, execution and other third-party information, technology, hardware, software or other
technology systems, including installation and maintenance, software and service fees (including the
expenses with respect to data, data feeds, subscriptions, expert networks, political intelligence providers
and reports); the costs of research-related computer hardware and software expenses, including
Bloomberg terminals and subscriptions and other market information systems, as well as the costs of
research management systems and corporate access tracking systems; the costs of Roscommon Analytics’
portfolio management system, risk management and any other software used for accounting and/or
monitoring of the portfolio, including subscriptions relating to, among other things, trading and order
management systems and services; certain employee compensation costs; certain historical expenses from

Roscommon Analytics LLC                                                      Form ADV Part 2A

the inception of the Fund which are being amortized for a period of up to five years; expenses associated
with holding, financing, monitoring, hedging, maintaining and disposing of all investments and all transaction
...

Item 7: Types of Clients

Roscommon Analytics provides investment advice to the Funds. The Governing Documents of each
Feeder Fund set forth the eligibility criteria and minimum investment, if necessary, requirements for
Investors. Initial and additional subscription minimums are disclosed in the Governing Documents for each
Feeder Fund, which may be waived at the discretion of Roscommon Analytics.

Each Investor generally must be (i) an “accredited investor”, as defined in Regulation D under the U.S.
Securities Act of 1933 (the “Securities Act”), and (ii) either a “qualified purchaser”, as defined in the
Company Act, or a “knowledgeable employee”, as defined under Rule 3c-5 of the Company Act and must
meet other suitability requirements. Interests may not be purchased by non-resident aliens, foreign
corporations, foreign partnerships, foreign trusts or foreign estates, all as defined in the Internal Revenue
Code. The Subscription Agreement contains representations and questionnaires relating to these
qualifications.

Roscommon Analytics has the discretion to determine the minimum investment for an Investor in the
Fund. However, Roscommon Analytics does not generally accept subscriptions for less than US$100
million (measured on an investor relationship basis). The minimum may be waived by Roscommon
Analytics in its sole discretion.