Signition LP

Item 5: Fees and Compensation

Signition typically receives a Management Fee of 1.75% per annum paid monthly in advance based
on the net assets of the Founders share class of each Fund (without accrual of the incentive
allocation) as of the first day of the month.

Furthermore, any prepaid but unearned Management Fee will be refunded to an investor in the
applicable Fund. Signition generally determines the amount of the relevant refund on a pro rata
basis, based upon the portion of the relevant period during which it provided services.

In addition to the Management Fee, the Funds pay an Incentive Allocation dependent on share
class which is typically 20% (or 25% subject to a hurdle amount) of the net profits subject to a
high watermark. The Incentive Allocation is payable as of the end of each Fund’s fiscal quarter or
as of an investor’s redemption date.

Incentive Allocation arrangements may create an incentive for Signition to make investments on
behalf of the Funds that are riskier or more speculative than would be the case in the absence of
such compensation. In addition, calculation of Incentive Allocation earned is, in part, based on
unrealized gains that may never materialize.

In addition to Signition’s fees, investors will bear indirectly the fees and expenses charged to the
Funds. Each Fund sets forth its specific fee structure (including how it charges fees) along with
the additional operational expenses in its governing documents. Fees and expenses that are
typically borne by a Fund generally include, without limitation, expenses of organizing the Fund,
fees payable to Signition, the Fund’s legal, accounting, administrative expenses; auditing, tax
preparation and other professional expenses; insurance expenses (on behalf of the Directors and
the principals, partners, officers and employees of Signition); legal expenses incurred by Signition,
the General Partner or their affiliates in connection with the operation of the Fund; research and
market data expenses incurred by Signition on behalf of the Fund; the transaction expenses
described above; filing fees and expenses; expenses related to custodial fees and bank services
fees; the costs of creating and distributing periodic and annual reports and statements or other
information provided to the Limited Partners and expenses related to the ongoing offering of the
Interests (including the costs of producing and distributing offering memoranda and other
marketing materials); regulatory and compliance expenses of the Fund and Signition (such as those
expenses relating to regulatory filings, including Form PF, and related software, blue sky expenses
and expenses related to Signition’s registration under, and compliance with, each of the Advisers
Act and the Commodities Exchange Act); investment research and research-related expenses,
expenses relating to trading and portfolio management and risk systems and services including
software, information technology, news, quotation, statistics and pricing services; and expenses
relating to middle-office services or back-office support services provided by the Fund
Administrator or another party and related connectivity expenses, brokerage commissions,
spreads, mark-ups on securities, swaps and forwards, short dividends, currency hedging costs,
interest expenses in respect of margin accounts and financing expenses, exchange fees and other
transaction fees and costs in connection with its investments and trading, including all of the
commissions, fees and expenses charged by the prime brokers.

The brokerage fees and expenses are also discussed in more detail in Item 12 “Brokerage
Practices” below. The Funds are organized in a “master-feeder” structure, so the Feeder Funds will
bear a pro-rata share of the expenses associated with the Master Fund. Investors should review all
fees charged by Signition and its affiliates, custodians and brokers and others to fully understand
the total amount of fees to be paid. Fees and expenses paid to third parties in connection with the
acquisition or disposition of investments are borne by the Funds.

Notwithstanding the general fee structure described above, Signition may negotiate different fee
structures with certain investors. Such negotiations and agreements are governed by separate
agreements commonly referred to as “side letters”. The side letter provisions, which are not found
in the Funds’ organizational or offering documents, entitle certain investors to different terms and
conditions related to fees, reporting, liquidity, and notifications, among other terms. Signition
reserves the right, but does not have the obligation, to negotiate or waive fees as well as other
investor terms and conditions.

If for any reason an investor wishes to redeem from the Funds, the investor must provide prior
written notice in accordance with the terms of governing documents of the relevant Fund.

Item 7: Types of Clients

Signition’s clients are the Funds, which are unregistered pooled investment vehicles. The Funds
consist of a Delaware limited partnership and two Cayman Islands exempted companies which
Signition and its related parties control. Although Signition is a registered investment adviser, the
Funds rely on rules promulgated under the United States federal securities laws that exempt
privately offered investment vehicles from registering as investment companies.

Investment in the Funds is limited to investors that meet certain financial sophistication
requirements. Investors in the Funds must be (i) “accredited investors” within the meaning of
Regulation D under the Securities Act of 1933, as amended; and (ii) “qualified purchasers” within
the meaning of the Investment Company Act of 1940, as amended. Prospective investors may be
required to meet additional suitability requirements. Investors considering investment in the Funds
should consult with their own investment, tax and/or legal consultants prior to investing.

The minimum subscription that will be accepted from a new investor in either of the Feeder Funds
is $2,000,000, with any amount in excess thereof to be subscribed in increments of $1,000,000.
The general partner or directors of each Fund, in their sole discretion, may waive or reduce these
minimums.

Signition does not currently manage any separate accounts, but Signition may, without notice,
elect to manage separate accounts for individual or institutional clients. Such separate accounts
may have investment objectives or may implement investment strategies that are identical or
substantially similar to the Funds. Accordingly, these clients may co-invest in many of the same
securities and issues.

Alternative Investment Vehicles
Alternative investment vehicles may be used whenever Signition determines in good faith that for
legal, tax, regulatory or other reasons it is in the best interests of any or all of its investors that all
or any portion of a particular investment be made through an investment structure outside of such
Fund. Participants in such investments are generally required to make all or a portion of their
investments through such alternative investment vehicle, which invests on a parallel basis with or
in lieu of the applicable Fund, and are required to make capital contributions directly to each such
alternative investment vehicle to the same extent, for the same purposes and on the same terms
and conditions as investors are typically required to make capital contributions to such Fund. Each
such investor has the same economic interest in all material respects in the investment made
through an alternative investment vehicle as such investors would have if such investment had
been made solely by the applicable Fund, and the other terms of such alternative investment vehicle
are generally substantially identical in all material respects to those of such Fund, to the extent
applicable.