Visdom Investment Group LLC

Item 5. Fees and Compensation

The fees and expenses that are applicable to an investment with the Adviser will be set forth and agreed to
in the Governing Documents. Prospective Clients must carefully review the Governing Documents to
review the specific fees and expenses applicable to their potential investment.

Asset-Based Compensation

The Adviser charges the Clients investment management fees based on either the daily notional account
value, mandate size, net asset value or synthetic net asset value (determined by the sum of the mandate size
and any net losses and/or profits with respect to the performance of the Adviser’s trading activity and net
of management fees and brokerage commissions), depending on the relevant strategy and terms of the
Governing Documents in place. Investment management fees are charged either monthly or quarterly in
advance or in arrears depending on the particular strategy and the arrangement between the Adviser and the
individual Client as set forth in the applicable Governing Documents. When management fees are charged
in advance, a Client will receive a refund of the unused portion of any pre-paid management fees. If a new
Account is established during a quarter or month, or a Client or Investor makes an addition to its account
during a quarter or month, the management fee will be charged as of the effective date of the IMA or the
date of the additional contribution based on the value of the assets as of the applicable date and will be
prorated for the number of days remaining in the quarter or month. Generally, the Adviser will charge its
Clients a management fee ranging from 0.25% to 0.50% and will deduct, directly or indirectly, the
management fee from the Client account. The management fee is individually negotiated by product and
set forth in the applicable Governing Documents, which all prospective Investors should review carefully
before making or maintaining an investment.

Other Expenses

Clients will be responsible for the payment of all third-party fees (e.g., custodian fees, brokerage fees,
transaction fees, etc.). Such fees will be separate and distinct from the fees and expenses charged by the
Adviser as the Adviser does not control or receive such fees.

With respect to the Accounts, in addition to paying investment management fees and, if applicable,

performance-based fees or other compensation, Client accounts will at times also be subject to other
investment expenses such as custodial charges, brokerage fees, commissions and related costs; interest
margin expenses; taxes, duties and other governmental charges; transfer and registration fees or similar
expenses; costs associated with foreign exchange transactions; other portfolio expenses; revenue sharing;
investment advisory and other fees charged by other investment advisers which the Client’s account(s) are
also invests in; and expenses and fees associated with products or services that may be necessary or
incidental to any such investments or accounts.

Please refer to the applicable Governing Documents for more specific information on fees and expenses
applicable to Clients. Additionally, please see Item 12 of this Brochure for a discussion of the Adviser’s
intended brokerage practices.

Item 7. Types of Clients

As described in Item 4, the Adviser’s Clients are sophisticated, institutional investors who are “accredited
investors” as that term is defined in Rule 501 of Regulation D of the Securities Act of 1933.