The Investment House LLC

Item 5: Fees and Compensation

A. Fee Schedule

Investment Supervisory Services Fees

TIH’s annual investment advisory fees range from 1.5% to zero. The majority of TIH clients are
charged 1.0% or less. TIH’s investment advisory fees are negotiable at TIH’s sole discretion. TIH
reserves the right to reduce or waive the management fees charged to client accounts, including
but not limited to accounts for our employees and/or family members. A final fee schedule is
attached as Exhibit II of the client’s Investment Management Agreement (the “Agreement”)
entered into with TIH. Fees are paid quarterly in arrears, and clients may terminate their
Agreement with written notice. Because fees are charged in arrears, no refund policy is necessary.
A pro-rata fee will be due and payable by Client if the Agreement is terminated within billing

period. Clients may terminate their Agreement without penalty within 5 business days of signing
the Agreement. Lower fees for comparable services could be available from other sources.

The above management fee is calculated based on each client’s account asset value, including
cash and cash equivalents. TIH does not aggregate all managed assets a client has with us for fee
calculation purposes. However, we have certain clients that have negotiated an aggregated tiered
fee. Importantly, account assets invested in the Growth Fund and/or Private Funds will not be
included in the account value for purposes of calculating the management fee since TIH receives
fees from the Growth Fund and Private Funds.

Private Fund Fees

The Private Funds are charged an annual management fee, which is paid by each investor
quarterly in arrears. The percentage varies by Private Fund, but ranges from 0.75% to 1.0%. TIH
receives a percentage of the annual fee, which is paid by the Fund’s general partner or manager
after collecting the full fee from the investors.

Mercury Partners, L.P. also charges a performance-based fee and TIH receives a portion of that
fee. Please refer to Item 6 below for details regarding performance-based fees and the conflicts
associated with such types of fees.

The Private Funds’ general partners have the authority to lower or waive the management fee
and/or performance fee for investors in their Private Fund who are directors, officers, employees,
members, managers, or affiliates of TIH or members of the immediate family of any of the
foregoing, or similar vehicles formed for the benefit of such persons.

Mr. Goodstein, who is an owner of one of the Private Fund’s general partner, receives certain
management fees and other incentive amounts from this Private Fund, and will benefit directly
from investments in Mercury Partners, L.P. This creates a conflict of interest. Please refer to Item
10 for information on how this conflict is addressed. Please also refer to Mr. Goodstein’s Form
ADV Part 2B for additional information.

From time to time, TIH IARs, including Mr. Goodstein will recommend Mercury Partners, L.P.
to qualifying TIH clients for investment. A conflict of interest exists when such recommendations
are made due to the fact that TIH, certain IARs that have ownership interest in TIH, and Mr.
Goodstein (through his ownership of the Private Fund’s general partner) share in, either directly
or indirectly, the management and performance fees received, which give them an incentive to
recommend the Private Fund over others. Importantly, as part of TIH’s fiduciary duty to clients,
the firm and its IARs endeavor at all times to put the interests of the clients first, and
recommendations and investments are only made to the extent that they are reasonably believed
to be suitable and in the best interests of the client. While this arrangement and the conflicts are
disclosed to clients via this Brochure and the Fund’s offering documents, clients should consult
with separate investment, legal, tax and/or financial advisors prior to investing to determine
whether an investment in the Private Fund is appropriate for such client. Clients are not obligated
to implement recommended transactions, and also are not obligated to implement them through
TIH.

Please see Item 4 above and Items 5.B, 6, & 8, below for additional information.

TIH Growth Fund Fees

TIH receives an annual management fee for managing the assets of the Growth Fund. Specific
management fee and related expense information can be found in the Growth Fund’s prospectus
and statement of additional information.

B. Payment of Fees

Payment of Investment Supervisory Fees

Advisory fees are withdrawn directly from the client’s accounts with client written authorization
incorporated in the custodial account agreement and/or the Investment Management
Agreement. Alternatively, client may elect to receive an invoice and pay the investment
management fee by other means. Fees are paid quarterly in arrears.

TIH, in its sole discretion, will sell assets in accounts lacking sufficient liquid assets needed to
cover the investment management fee. Sales will occur on or before the date the quarterly fee is
collected. TIH will waive all or part of an investment management fee in accounts with
insufficient liquid assets if we do not believe the sale transaction is appropriate. Given the nature
of such discretion, there is potential for, or the appearance of, the preferential treatment of some
clients.

Payment of Private Fund Fees

Generally, the Private Funds’ management fees are calculated by each Fund’s general partner or
manager and are based on the assets in the Private Fund’s portfolio at the end of every quarter.
The general partner or manager of each Private Fund pays TIH a portion of the management fee
quarterly in arrears. The management fee and related expense and billing information is outlined
in each Private Fund’s offering documents, which are provided to each new investor and should
be read fully.

Payment of Mutual Fund Fees
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Item 7: Types of Clients

TIH generally provides management supervisory services to the following types of clients:

           ❖   Individuals
           ❖   High-Net-Worth Individuals
           ❖   Registered Investment Companies
           ❖   Pension and Profit Sharing Plans
           ❖   Charitable Organizations
           ❖   Private Limited Partnership Funds

Minimum Account Size

A minimum of $1,000,000 of assets under management is generally required for this service,
although under certain circumstances this is negotiable.

The Growth Fund and the Private Funds each have set investment minimums, which are
outlined in their respective offering documents.