Volterra Technologies LP

ITEM 5 – FEES AND COMPENSATION

The Adviser charges a management fee based on a fixed percentage of capital under management.

The Adviser also receives an annual performance fee (subject to a high-water mark) calculated based on
net trading profits (after the deduction of losses carried forward from the previous year, if any) as of the
end of each calendar year. The performance fee is calculated by the Fund’s administrator and approved
by the Fund’s investment manager.

The Portfolio also bears its pro-rata share of the Fund’s administration fees and expenses, as well as any
transaction or investment fees. Other expenses borne by the Portfolio include, but are not limited to,
research, proxy services, computing services and technology, market information services, research
management and corporate access tracking systems, and the costs of software used for accounting and/or
monitoring the Portfolio. Also, to the extent the Adviser invests a portion of the capital it manages into
third-party exchange-traded funds or other similar vehicles, the Portfolio will bear additional fees and
expenses payable to such third-party investment managers.

ITEM 7 – TYPES OF CLIENTS

The Adviser provides investment advice exclusively to the Fund through the Portfolio.

Interests in the Fund, and the Fund itself, are not registered under the U.S. Securities Act of 1933, as
amended and are excepted from the definition of an “investment company” under Section 3(c)(7) of the
Investment Company Act of 1940, as amended. Accordingly, interests in the Fund are offered exclusively
to investors satisfying the applicable eligibility and suitability requirements either in private placement
transactions within the United States or in offshore transactions. Investors in the Fund will also be
Qualified Eligible Persons as defined in the Commodity Exchange Act.