The LT Funds Sa

Item 5. Fees and Compensation

Advisory Fees and Compensation.

Asset-Based Compensation

The Adviser is paid an asset-based investment management fee ranging from 0.5% to 1.0% per
annum of the net assets of the respective Client account.

Investment management fees are charged each quarter in arrears and calculated on a daily basis on
the total market value of the assets in the Client account (including net unrealized appreciation or
depreciation of investments and cash, cash equivalents and accrued interest). If a new Client
account is established during a quarter or a Client makes an addition to its account during a quarter,
the investment management fee will be prorated. Similarly, if a Client’s investment management
agreement is terminated or a withdrawal is made from a Client account during a quarter, the fee
payable to the Adviser will be prorated.

These fees are negotiable depending on various factors, including the invested amount.

The Adviser deducts the investment management fee from Client accounts on a quarterly basis by
instructing the Client’s custodian.

Performance-Based Compensation

The Adviser will be paid performance-based compensation, which is compensation that is based on
the outperformance of the portfolio versus a pre-agreed benchmark reflecting the portfolio
composition. This compensation will be paid to the Adviser and ranges from 10 to 20% with a non-
resettable high watermark.

These fees are negotiable depending on various factors, including the invested amount.

Other Fees and Expenses

In addition to paying investment management fees and, if applicable, performance-based
compensation, Client accounts will also be subject to other investment expenses such as custodial
charges, brokerage fees, commissions and related costs; interest expenses; taxes, duties and other
governmental charges; transfer and registration fees or similar expenses; costs associated with
foreign exchange transactions; other portfolio expenses; and costs, expenses and fees associated with
products or services that may be necessary or incidental to such investments or accounts.

Client assets may be invested in pooled investment vehicles. In these cases, Clients will bear their
pro rata share of the underlying fund’s operating and other expenses including, in addition to those
listed above: sales expenses, legal expenses; internal and external accounting, audit and tax
preparation expenses; and organizational expenses.

The allocation of expenses by the Adviser between it and any Client and among Clients represents a
conflict of interest for the Adviser. The Adviser has in place policies and procedures designed to
address this conflict.

Item 7. Types of Clients

The Adviser’s Clients may consist of individuals and institutions with separately managed accounts
and pooled investment vehicles intended for sophisticated investors and institutional investors.

With respect to any Client that is a pooled investment vehicle, any initial and additional subscription
minimums are disclosed in the offering memorandum for the pooled investment vehicle.

In regard to separately managed accounts the minimum investment values and overall terms are
negotiated on a case by case basis.