1Confirmation Global LLC

Item 5 – Fees and Compensation

Private Funds. The Adviser is paid a management fee (“Management Fee”), which is generally
payable quarterly in advance, on the first day of each fiscal quarter and pro-rated on a daily basis
for short fiscal periods. The Management Fee may be additionally pro-rated on a daily basis
(payable immediately) at any time that there is an increase in the aggregate Capital Commitments
of the Private Funds’ Limited Partners. The first payment of Management Fee is generally made
at the Initial Closing or at the earliest subsequent date upon which the Private Funds have
received sufficient Capital Contributions to fund such payment.

The annual Management Fee rate is 2.25 percent of the Capital Commitment of each Limited
Partner. Commencing with the first complete Fiscal Year following the end of the Investment
Period, the Management Fee rate shall be reduced by 0.25 percentage points per year for each
Limited Partner, but in no event will the Management Fee be reduced below 1.50%.

In addition to the Management Fee, the Adviser shall receive a special payment of Management
Fee at the time of each admission of an Additional Limited Partner or increase in the Capital
Commitment of an existing Limited Partner. Such special payment shall be equal to the excess
of the Management Fee that would have been payable to the Adviser through the Close of
Business on the date immediately preceding such admission or increase if such admission or
increase had occurred at the Initial Closing, over the actual Management Fee paid through such
time.

The Adviser reserves the right to negotiate or waive fees on a case-by-case basis.

The Adviser’s Management Fee is exclusive of brokerage commissions, transaction fees, and
other related costs and expenses which shall be incurred by the Private Fund. The Private Funds
may incur certain charges imposed by custodians, brokers, third party investment and other third
parties such as fees charged by managers, custodial fees, deferred sales charges, odd-lot
differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on
brokerage accounts and securities transactions. Such charges, fees and commissions are
exclusive of and in addition to the Adviser’s Management Fee, and the Adviser shall not receive
any portion of these commissions, fees, and costs.

Item 7 – Types of Clients

The Adviser’s only clients are the Private Funds, which are structured as private investment
companies that are exempt from registration under the Investment Company Act of 1940. A
minimum dollar value of assets and other conditions are typically imposed on investors in the
Private Funds. Investment advice is provided directly to the Private Funds (subject to the direction
and control of the General Partners of the Private Funds) and not individually to investors in the
Private Funds.