10th Lane Partners LP

ITEM 5: FEES AND COMPENSATION

A. FEE SCHEDULE

   1. INVESTMENT SUPERVISORY SERVICES FEES
       Investment supervisory service fees (“Management Fees”) are fees that paid to the Firm for the
       provision of advisory services and are generally payable quarterly in advance. Depending on the
       Fund, Management Fees may be charged on either committed capital, invested capital, the value
       of the purchase price of assets and/or assets during and after the investment period of the
       particular Fund, as set forth in the Fund’s Governing Documents. The Management Fees charged
       during the investment period may at times differ from the Management Fees charged following
       the end of the investment period, as set forth in the Fund’s Governing Documents. The rate of the
       Management Fee can be up to 2% per annum.

       When a new limited partner is admitted to a Fund subsequent to the date on which the Fund
       initially admitted limited partners, the new limited partner will typically be charged a
       Management Fee retroactive to the Fund’s initial closing date.

   2. FEE OFFSETS
       A Fund may receive various fees including but not limited to upfront, break-up, advisory,
       monitoring, director, operational or other similar fees in respect of a Fund’s purchase, monitoring
       or disposition of an investment, each, in accordance with the terms of each Fund’s Governing
       Documents (the “Portfolio Company Fees”).

       Each Fund’s pro rata share of the Portfolio Company Fees will be treated in a manner consistent
       with each Fund’s underlying operating agreements. This includes giving consideration to specific
       terms for reimbursing the Manager for Fund expenses paid by the Manager, including but not
       limited to, dead deal expenses, professional advice obtained by the Manager for the Fund, the
       costs and expenses of operations professionals providing services to portfolio companies that

       were borne by the Manager, and offsetting a Fund’s Management Fees. After applying Portfolio
       Company Fees received by a Fund to the above, any remaining fees that have not been reduced
       to zero may be retained by the Manager to be applied in its entirety towards reimbursement of
       expenses and reduction of accrued Management Fees in subsequent periods. Generally, any
       remaining fees that have not been reduced to zero upon a Fund’s final distribution of assets will
       be remitted to such Fund and distributed to the limited partners based on their pro rata
       ownership in the Fund.

   3. PERFORMANCE BASED FEES
       The Funds may be charged performance based fees (“Carried Interest”) of up to 20% of net profits
       above a preferred return. Net profits are typically attributable to interest income, capital gains,
       or other income generated by the Fund’s investments. The preferred return varies by Fund and
       ranges from 0% to 17.5% and / or 1.5 to 2.0 times return on invested capital. Carried Interest is
       paid in arrears, on either an investment by investment basis once return of capital (per
       investment) is made, or until 100% of invested capital in a fund is returned to investors, in
       accordance with the underlying fund’s governing documents.

        Carried Interest is generally paid directly to the General Partners of the Funds. The General
        Partners are affiliates of 10th Lane Partners.

B. PAYMENT OF FEES

   1. PAYMENT OF INVESTMENT SUPERVISORY FEES
       The Registrant is authorized under the Funds’ Governing Documents to charge and deduct
       Management Fees directly from the Funds. Management Fees are generally accrued and/or
       charged quarterly in advance, or may be deferred in the sole discretion of the Manager.

   2. PAYMENT OF PERFORMANCE BASED FEES
       The Registrant is authorized under the Funds’ Governing Documents to charge and deduct Carried
       Interest directly from the Funds. Carried Interest is paid in arrears, on either an investment by
       investment basis once return of capital (per investment) is made, once the invested capital in a
       fund is returned to investors, in accordance with the underlying fund’s governing documents.

C. CLIENTS ARE RESPONSIBLE FOR THIRD PARTY FEES
The Funds are responsible for expenses of legal, accounting, audit, tax preparation, software services,
consulting, investment banking, reporting, research, due diligence, recruiting, and other professional
services performed on behalf of the clients, filing and similar fees paid on behalf of the clients, and
expenses (including travel expenses and business development expenses) related to the sourcing,
evaluation, monitoring or liquidation of investments; all custody, transfer, registration and similar
expenses incurred by the clients; all brokerage and finders’ fees and commissions and discounts incurred

in connection with the purchase or sale of securities or investments; all premiums for any insurance
covering indemnified parties of the clients; interest on borrowed funds (if any), as well as all other
expenses incurred in connection with any indebtedness or credit arrangement; all costs and liabilities
incurred in connection with client litigation or other extraordinary events; liability and other insurance
and indemnity expenses; all taxes, fees and other governmental charges (if any), and certain marketing
and organizational expenses as well as all expenses relating to the organization of any alternative
investment vehicles of the clients; all liquidation fees of the clients; all expenses incurred in connection
with client partner and advisory committee meetings, reports and other communications.

D. PREPAYMENT OF FEES
10th Lane Partners generally accrues and may charge Management Fees in advance. In the event that an
advisory contract for a Fund were to be terminated, any prepaid Management fees would generally be
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ITEM 7: TYPES OF CLIENTS
10th Lane Partners has only one type of client, pooled investment vehicles. Investors in such vehicles are
generally high net worth individuals and institutional investors that qualify as “accredited investors” as
defined in Rule 501 under the Securities Act of 1933, as amended) and “qualified purchases” (as defined
under the Investment Company Act of 1940, as amended (the “1940 Act”)).

MINIMUM ACCOUNT SIZE
The minimum account size varies by Fund and generally ranges from $1 million to $5 million for investors
who are not related persons. The Registrant may waive the minimum in its sole discretion.