ShawSpring Partners LLC

Item 5 – Fees and Compensation

A: Description

ShawSpring receives fees for investment advisory services based on the amount of assets under
management and as disclosed in the respective Fund offering documents and investment
management agreements. For the Fund, fees are payable quarterly in advance. Fees for any
Managed Accounts are negotiated on a case-by-case basis. For the Fund, management fees are
calculated by a third-party administrator and deducted from each investor’s capital account.
Management fees for the Managed Accounts are calculated and payable to the Adviser in
accordance with the investment management agreement. The General Partner also receives from
the Fund an annual performance-based allocation (refer to “Item 6 - Performance Based Fees and
Side-by-Side Management” below for additional information). Managed Accounts pay a
performance-based allocation to the Firm, based on the specifications in the investment
management agreements.

B: Fee Billing

Fund
Management fees for the Fund are payable at the beginning of each calendar quarter and are
deducted from the Investor’s capital account. Crystallized incentive allocations are deducted
annually in arrears from an Investor’s capital account or at the time of any redemption by a limited
partner in the Fund.

Managed Accounts
Management and performance fees for the Managed Accounts are calculated and payable based
on the specifics of each management agreement. ShawSpring invoices Managed Account clients
directly for all applicable fees, and clients are responsible for payment. ShawSpring does not
deduct fees from Managed Accounts.

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C: Other Fees and Expenses

In addition to paying a management fee and, if applicable, an incentive allocation, the Fund (and,
therefore its Investors) will also be subject to other costs and expenses related to the Fund’s
activities. Such costs and expenses include: direct operating expenses of the Fund, including the
fees paid to the fund administrator, legal, auditing, accounting, consulting fees, insurance, tax costs
and expenses, regulatory costs, filing and license fees, compliance and consulting fees, research
fees (including research-related travel expenses), expenses related to Form PF and
investment-related expenses such as brokerage commissions, margin interest, custodial fees and
bank fees. It is critical that Investors refer to the Fund’s governing documents for a complete
description of fees and expenses.

Managed Accounts are responsible for investment-related expenses such as brokerage
commissions, margin interest, custodial fees and bank fees for the account.

Advisory Clients should review Item 12 for additional disclosure on brokerage.

D: Fees in Advance

Not applicable.

E: Securities Compensation

Neither ShawSpring nor any of its supervised persons accepts compensation for the sale of
securities or other investment products.

Item 7 – Types of Clients

ShawSpring currently offers investment advisory services to one pooled investment vehicle,
operating as a private investment fund, and separately managed accounts.

Investors in the Fund must meet certain suitability requirements. In addition, the minimum initial
investment in the Fund is $1,000,000. This minimum is subject to waiver at the discretion of
ShawSpring.

There are minimum investment amounts required for a separately managed account and
establishment of such a separately managed account is at the discretion of ShawSpring.

Generally, investors in the ShawSpring Partners QP Fund, L.P. must each be (i) an “accredited
investor,” as that term is defined in Rule 501 of Regulation D promulgated under the Securities
Act of 1933, as amended, and (ii) a “qualified purchaser,” as that term is defined in Section 2(a)(51)
under the Investment Company Act of 1940. Investors in the private fund include, but are not
limited to, high net worth individuals, family offices, funds of hedge funds, endowments,
foundations, trusts, estates, charitable organizations, pension plans, limited partnerships, limited
liability companies and similar entities. Any Advisory Client of ShawSpring that incurs a
performance fee must meet the qualified purchaser criteria noted above.