Waycross GP LLC

Item 5          Fees and Compensation

Private Fund Investors are directed to the applicable disclosures in the Offering Documents for a
complete listing and description of the fees and expenses related to each specific Fund, as well as
detailed information relating to deposits, redemptions, and withdrawals.

Waycross Advantage Fund, LLC (the “LLC”)

Waycross GP, LLC is compensated by the LLC for its services based on a percentage of the market
value of the assets in the LLC. At the end of each month, Waycross GP, LLC receives a management fee
from the LLC equal to 1/12 of 1.0% per month (1.0% annually) of the net assets (market value before
any redemption).

Waycross GP, LLC, in its sole discretion, has the authority to waive or modify these fees in whole or in
part from time to time with respect to any member; it is anticipated that we will waive the management
fee in its entirety with respect to limited partners who are also members, managers, or employees of
Waycross GP, LLC or Waycross Partners.

Waycross Premier Fund, LLC (the “LLC”)

Waycross GP, LLC is compensated by the LLC for its services based on a percentage of the market
value of the assets in the LLC. At the end of each month, Waycross GP, LLC receives a management fee
from the LLC equal to 1/12 of 1.0% per month (1.0% annually) of the net assets (market value before
any redemption).

Waycross GP, LLC, in its sole discretion, has the authority to waive or modify these fees in whole or in
part from time to time with respect to any member; it is anticipated that we will waive the management
fee in its entirety with respect to limited partners who are also members, managers, or employees of
Waycross GP, LLC or Waycross Partners.

Waycross Opportunity Fund, L.P.

Waycross GP, LLC is compensated by the Partnership for its services based on a percentage of the
market value of the assets in the LLC. At the end of each month, Waycross GP, LLC receives a
management fee from the LLC equal to 1/12 of 1.0% per month (1.0% annually) of the net assets
(market value before any redemption).

At the end of each limited partner's investment year, as defined in the offering documents, Waycross
GP, LLC will be entitled to receive an investment performance allocation equal to twenty percent (20%)
of any cumulative new trading profit as of the end of the limited partner's investment year; provided,
however, that this payment will be subject to a loss carryforward provision such that the amount, may
not exceed 20% of the new trading profit over such limited partner's loss carryforward amount

applicable to the investment year and, provided the limited partner is a “qualified client”. 1

Waycross GP, LLC, in its sole discretion, has the authority to waive or modify these fees in whole or in
part from time to time with respect to any member; it is anticipated that we will waive the management
fee in its entirety with respect to limited partners who are also members, managers, or employees of
Waycross GP, LLC or Waycross Partners.

Item 7            Types of Clients

We currently provide investment advisory, management and other services to the Funds. The Funds
have various types of investors, that can include, but would not be limited to, natural persons (if
qualified), institutional investors, family offices, funds of funds, college endowments, private
universities and other entities.

The minimum initial capital contribution generally required from an investor in a Fund is $1,000,000,
although capital contributions of lesser amounts may be accepted at our discretion.
Each investor in the Waycross Funds generally must be, among other things, an (i) “accredited
investor,” as such term is defined in Rule 501(a) Securities Act, and (ii) a “qualified purchaser,” as such
term is defined in Section 2(a)(51)(A) of the Company Act. In addition, each prospective investor
generally is required to complete and return various subscription documents to the applicable Fund,
which are designed to provide the applicable Fund, us and our affiliates and agents with important
information about the prospective investor. Subscriptions may be accepted or rejected, in whole or in

  “Qualified Client” is defined under Rule 205-3 of the Investment Advisers Act as a client who has at least $1.1 million
in assets under management with the adviser or a net worth of more than $2.2 million (excluding primary residence).

part, in the sole discretion of Waycross GP.