Senvest Management LLC

Item 5: Fees and Compensation
Senvest provides investment advisory services to each Fund pursuant to a separate investment
management agreement (collectively, the “Agreement”). The Agreement for each Fund, along with
specific Governing Fund Documents, establishes the fee structure for each Fund. Senvest typically
receives fees equal to a specified percentage of each Fund’s net asset value and performance-based
compensation equal to a specified percentage of the Fund’s net profits each year. Unless otherwise
specifically noted, all fixed fees and incentive compensation amounts are charged solely at the
relevant master fund level.

Management Fee: With the exception of the Senvest Cyprus Recovery Investment Fund, LP, clients
pay Senvest an annual asset-based investment management fee (the “Management Fee”) at a rate
ranging from 1.5% to 4% (per annum) of the net assets of each client, the specific rate being
specified in each client’s governing documents or investment management agreement, as
applicable.

The Funds’ Management Fee is payable monthly in arrears based upon the total market value of the
assets (including net unrealized appreciation or depreciation of investments and cash, cash
equivalents and accrued interest) on the last day of the month, and are deducted directly from the
Fund(s)’ assets in accordance with the Governing Fund Documents pursuant to instructions
provided to each Fund’s custodian, as applicable. Senvest and its affiliates reserve the right to waive
or reduce Management Fees, and have waived or reduced Management Fees, for certain Investors,
including current and former employees, relatives of employees, Senvest Capital, and any entities
controlled by Senvest, Senvest Capital, or certain Senvest employees, as may be determined in
Senvest’s sole discretion. The Management Fee for the Managed Account is calculated based on
the net asset value of the Managed Account at a quarterly basis, in arrears, excluding cash and cash
equivalents. Note that in the event of certain waivers of material size, as specified in the applicable
Fund’s governing documents, Investors will have the ability to participate in any such waivers.

Incentive Allocations: A portion of each Fund’s net investment profit, if any, generally is allocated
to the capital account of its General Partner (or the General Partner’s delegate) as an “Incentive
Allocation.” The manner of calculation of the Incentive Allocation is based on a percentage of
capital gains on or capital appreciation of the assets. The specific percentage is disclosed in each
Fund’s Governing Fund Documents, and varies by Fund. Generally, however, 15% to 20% of the
investment profits of each Fund, subject to a loss carryforward provision, are allocated as an
Incentive Allocation on the last business day of the Fund’s fiscal year, or at the time of withdrawal
or redemption by an Investor, subject to certain conditions set forth within the Governing Fund
Documents. The Incentive Allocation of one Fund is further subject to a compounded annualized
8% hurdle rate with a high watermark, and the Incentive Allocation of a sub-class of interests in
another Fund is further subject to a non-compounding annualized 6% hurdle rate subject to a loss
carry forward provision.

As is the case with Management Fees, Senvest and its affiliates reserve the right to waive or reduce
Incentive Allocations, and have waived or reduced Incentive Allocations, for certain Investors,
including current and former employees, relatives of employees, Senvest Capital, and any entities

controlled by Senvest, Senvest Capital, or certain Senvest employees, as may be determined in
Senvest’s sole discretion.

Other Expenses Charged to the Funds: Each client bears its own expenses, including, without
limitation, the Management Fee and Incentive Allocations. Clients will generally bear
organizational expenses, legal, accounting, auditing, tax and other professional expenses (including
expenses of consultants, investment bankers, attorneys, accountants and other experts), fees and
expenses relating to software tools, programs or other technology utilized in managing the Funds
(including third-party software licensing, implementation, data management and recovery services
and custom development costs); administration expenses, investment expenses such as
commissions, research and market data expenses (including the cost of accounting software
packages, as well as, without limitation, any information technology hardware, software or other
technology incorporated into the cost of obtaining such research and market data, and including fees
and expenses related to obtaining, processing and analyzing research or market data that may be
considered “big data” or “alternative data”, including fees and expenses related to performing due
diligence on potential providers of any of such research or market data services (including, without
limitation, “big data” or “alternative data” services)), interest on margin accounts and other
indebtedness, borrowing charges on securities sold short, custodial fees, bank services fees, fees
and expenses for third party administration (including middle and back office services provided by
CSC f/k/a Intertrust Group), expenses attributable to regulatory filings which are made with respect
to the Fund or the assets of the Fund (including Section 13, Section 16 and Form PF filings), costs
of printing and mailing reports and notices, taxes, corporate licensing, organizational expenses,
indemnification expenses, extraordinary expenses and any other reasonable expenses related to the
purchase, sale, preservation or transmittal of Fund assets. Fund(s) may also invest in investment
company securities (e.g., mutual funds, closed- or open-end funds and exchange traded funds),
which charge expense ratios and possibly other charges and expenses. Such expenses are in addition
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Item 7. Types of Clients
Senvest provides discretionary management and advisory services to its clients, which currently
consist of Funds and a Managed Account. Senvest may in the future advise additional Managed
Accounts. Senvest’s investment activities are subject to each client’s governing documents, the
applicable investment management agreement, and any offering materials (in the case of Funds)
applicable to the relevant client. Senvest does not advise Investors with respect to any investments
such Investors have made into any Fund. Certain Managed Account clients are currently Investors
in Funds advised by Senvest or its affiliates.

Senvest has not but may in the future enter into separate agreements, commonly referred to as “side
letters”, or other similar agreements with a particular Investor in connection with such Investor’s
admission to a Fund that have the effect of establishing rights under or supplementing the terms of
the applicable Fund’s Partnership Agreement with respect to such Investor in a manner more
favorable to such Investor than those applicable to other Investors. Other Investors are not parties
to such side letters. The rights or terms contained in any such side letter or other similar agreement
may include, without limitation: (i) excuse rights applicable to particular investments (which may
increase the percentage interest of other Investors in, and contribution obligations of other Investors
with respect to, such investments), (ii) reporting obligations, (iii) waiver of certain confidentiality
obligations, (iv) consent to certain transfers by such Investor or (v) rights or terms requested or
necessary in light of particular investment, legal, regulatory or public policy characteristics of an
Investor.