Westfield Investment LLC

Item 5. Fees and Compensation

    A. Management Fee

Westfield Investment is entitled to receive from the Westfield Fund a management fee (the
“Management Fee”), payable monthly in advance as of the first business day of a calendar month,

equal to two percent (2.0%) per annum (1/12 of 2% per month) of the capital account balances of
all limited partners of Westfield Fund Delaware at the first day of each calendar month. The
Management Fee is adjusted pro rata for any subscriptions or withdrawals that occur on a day other
than the first day of a month.

       Westfield Investment may, in its sole discretion, waive all or any portion of the
 Management Fee with respect to any investor.

    B. Expenses

         The Westfield Fund Delaware bears all expenses associated with the operation of the
 Westfield Fund Delaware, as set forth in its limited partnership agreement, which include, among
 others, (i) the Management Fee; (ii) trading expenses; (iii) expenses related to the research, due
 diligence and monitoring of actual and prospective investments (whether or not consummated)
 and the consummation of investments and fees and expenses related to obtaining research and
 market data; (iv) organizational and reorganizational expenses; and (v) operational expenses,
 including fees and expenses relating to software or other technology used to research investments,
 evaluate and manage risk, facilitate valuations, facilitate accounting functions, facilitate
 compliance with the rules of any self-regulatory organization or applicable law (including,
 without limitation, reporting obligations), facilitate and manage the purchase and sale of securities
 or otherwise manage the Fund or any trading subsidiary, portfolio management systems, risk
 management systems and order management systems; fees and expenses of third- party risk
 management products, models and services; third-party administrative fees and expenses; costs
 related to the custody of Westfield Fund’s assets; fees and expenses of third-party professionals,
 the costs of any litigation or investigation involving activities of the Fund or any trading
 subsidiary; third-party audit and tax preparation expenses; fees and expenses (including, without
 limitation, director registration fees) of any trading subsidiary’s directors; the Fund’s share of
 E&O and D&O insurance expenses , and such other operational expenses described in the limited
 partnership agreement.

        Westfield Investment bears its own operating, general, administrative and overhead costs
 and expenses.

Item 7. Types of Clients

        As noted in Item 4 (Advisory Business), Westfield Investment currently provides
investment advice to the Westfield Fund, although it may in the future provide investment advisory
services to other private funds (such funds, together with the Westfield Fund, the “Funds”) and
other clients.