Rule One Partners LLC

Item 5: Fees and Compensation

A. Fee Schedule

Lower fees for comparable services may be available from other sources.

Rule One Capital

          Total Assets             Annual Management Fee            Annual Performance-Based Fee
           All Assets                        0%                                  20%

ROP charges ROC a performance-based fee. ROP does not receive a management fee in addition
to the performance-based fee. Specifically, ROP will receive compensation for investment
management and general partner services based on capital appreciation. If the portfolio rises in
value in a given year, then the client will pay a 20% fee on that increase in value, but if the
portfolio drops in value, then the client will not incur a new performance fee until the portfolio
reaches the last highest value, adjusted for withdrawals and deposits. This is generally known as
a “high water mark”. These fees are paid annually in arrears. Please also see Item 6
(Performance-Based Fees and Side-By-Side Management), which provides greater detail on the

Item 7: Types of Clients

ROP generally provides management supervisory services to the following types of clients: pooled
investment vehicle (Rule One Capital) and a mutual fund (Rule One Fund).

For ROC, the initial minimum investment is $100,000, although ROP reserves the right to waive
this requirement. The minimum subsequent investment is $50,0000 for an existing investor.

For Rule One Fund, the initial minimum investment is $20,000 while the minimum subsequent
investment amount is $5,000. Rule One Fund and ROP reserves the right to waive these minimum
amounts.