Wealhouse Capital Limited Partnership

Item 5: Fees and Compensation

Wealhouse earns fees for investment management services only. Management fees, typically 2.00%
per annum, are payable monthly in arrears and are calculated as a percentage of the net asset value
of each Managed Account as at the last day of the preceding month. In addition, to the extent
Managed Accounts are eligible, Wealhouse may charge an annual performance fee based upon a
calculation methodology that is set out in each Managed Account’s investment management
agreement. Any performance fees due are payable annually on the last day of each calendar year.
All performance fees are calculated on realized and unrealized gains and losses on the Managed
Accounts’ investments after the deduction of fees. We believe that these fee arrangements align our
interests with yours in that we will earn more fees if we assist you in growing the value of the assets

    The Canadian private funds are not eligible for investment by current or prospective US investors and/or clients.

held in your account. If for any reason a client wishes to terminate an investment advisory contract,
the client must provide prior written notice in accordance with the terms of their contract and, to the
extent necessary, any fees will be prorated to the termination date.

In general, fees are not negotiable although there may be different or negotiated fee schedules and
other terms negotiated between Wealhouse and its Managed Accounts. In addition, Wealhouse has
the discretion to waive all or a portion of the management fee and/or performance-based allocations.
In general, principals, partners and employees of Wealhouse do not pay management fees and are
not subject to performance-based allocations. In addition, Wealhouse may enter into side letters or
similar written agreements with Managed Accounts which have the effect of establishing rights
under, or altering or supplementing the terms of, the relevant Managed Account documents
including the management fee or performance-based allocation.

Wealhouse’s fees are exclusive of brokerage commissions, transaction fees, service provider fees,
and other related costs and expenses which will be incurred each Client. Execution of Client
transactions typically requires payment of brokerage commissions by Clients. “Item 12 – Brokerage
Practices” further describes the factors that Wealhouse considers in selecting or recommending
broker/dealers for the execution of transactions and determining the reasonableness of their
compensation (e.g., commissions). Investment activity may also involve other transaction fees
payable by the Managed Accounts, such as sales charges, odd-lot differentials, transfer taxes, wire
transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. In addition, the Managed Accounts may incur certain charges imposed by custodians,
broker/dealers, third-party investment consultants, and other third parties, such as custodial fees,
consulting fees, administrative fees, and transfer agency fees.

Item 7: Types of Clients

As described in Item 4, above, Wealhouse provides investment advice to high net worth individuals
and charitable organizations.

The minimum initial account size for Managed Accounts will be USD 1,000,000. This requirement
may be waived or modified at the discretion of Wealhouse.