Abbott Capital Management LLC

Item 5 – Fees and Compensation

Abbott is compensated for its investment advisory services by the Abbott Funds and SMA Clients
generally through an asset or commitment-based fee, fixed fees, or in certain instances, under
performance-based fee (carried interest) arrangements. Abbott is also compensated for certain
administration services, please see below. Fees paid to Abbott for such services are separate and distinct
from any management fees, expenses or carried interest charged by the Underlying Portfolio Fund.

Management Fees

The Abbott Funds

Management fees charged by the Abbott Funds will generally vary from fund to fund and at times, an
Abbott Fund may offer more than one fee option to Investors. Management fees charged to Investors
may be negotiable and are typically equal to a percentage of the Investor’s subscription to the Abbott
Fund that are typically subject to a phase-in and phase-down period, the amount of invested capital or
the net asset value of the Abbott Fund’s investments.

Fees are deducted directly from the accounts of the Abbott Funds and, depending on the Abbott Fund,
are paid quarterly in advance or in arrears. Abbott Funds liquidating during a calendar quarter will be
charged a prorated fee for the period (if fees are paid in arrears) or have any prepaid, unearned fees
refunded (if fees are paid in advance).

SMA Clients

SMA Client fee schedules are negotiated and will vary based upon a wide variety of factors including the
type of client mandate, services provided, investment amount and other factors as may be agreed with
the particular SMA Client. Management fees are typically charged (1) as a percentage of either
committed capital, the amount of invested capital or the net asset value of the account’s investments or
(2) as a fixed fee.

Depending on the structure of the SMA Client’s account, management fees can be deducted directly from
the account or invoiced to the client and may be charged in advance or in arrears, as agreed to with the
SMA Client. SMA Clients initiated or terminated during a calendar quarter will be charged a prorated fee
for the period (if fees are paid in arrears) or have any prepaid, unearned fees refunded (if fees are paid
in advance).

Abbott Capital Management, LLC                                                                          6

Performance Fees

Refer to Item 6 – Performance-Based Fees and Side by Side Management for further discussion.

Additional Expenses

The fees described above cover only Abbott’s investment management services. The Abbott Funds and
SMA Clients will bear, directly and indirectly, certain additional expenses. Each Abbott Fund typically
pays, or reimburses Abbott for, operating expenses and the organizational and offering expenses related
to the account. Expenses permitted to be charged to a specific Abbott Fund are set out in the relevant
Governing Documents. Abbott allocates expenses on a basis that it considers equitable and in
accordance with each Abbott Fund’s Governing Documents and Abbott’s Expense Allocation Policy.

Operating expenses for an Abbott Fund typically include those related to legal; accounting/audit;
insurance; custodial and banking charges; interest expense on borrowed money; registration fees; third
party expenses associated with the purchase, holding or sale of assets; meetings of the advisory
boards/limited partners; taxes, duties and other governmental charges; administrative expenses
necessary or appropriate for the fund’s regulatory or tax compliance; reasonable travel expenses
(including transportation, lodging, meals and related expenses) incurred in respect of any of the
foregoing and such other expenses as may be set forth in the relevant Governing Documents.

Offering expenses for an Abbott Fund typically include those related to the organization of the fund as
well as syndication of the fund, including travel-related expenses incurred by Abbott employees.

Certain Clients will bear an annual administration fee for in-house fund administration services, which
may include cash management and treasury services, reconciliation of bank accounts daily/monthly,
general ledger and sub-ledger accounting, expense detail record-keeping and accruals, capital
call/distribution processing, coordinating and managing year-end audit with the external auditor, call
and distribution management, coordination and management of tax analysis and filings with tax advisors,
capital call credit facility processing, reporting and covenant compliance (if applicable), preparation of
quarterly financial statements, preparation of annual financial statements including footnotes,
preparation of quarterly capital account statements for each investor, fund and investor performance
calculations, cash flow, and NAV and performance forecasting.

SMA Clients can also bear certain specific expenses in relation to their account, some of which are
enumerated above and/or as specified in the SMA Client’s Governing Documents. Abbott allocates
expenses on a basis that it considers equitable and in accordance with each SMA Client’s Governing
Documents and Abbott’s Expense Allocation Policy.

In addition to the fees and expenses enumerated above, Abbott Funds and SMA Clients will also be subject
to management and performance fees (carried interest) and certain expenses imposed by the Underlying
Portfolio Funds in which they are invested.

Administrative Clients may also bear certain expenses depending on the type of limited services provided
including strategic private equity consulting, ongoing investment monitoring, valuation, performance
analytics, ongoing education or training services on private equity investing, and recordkeeping and
reporting functions.

Furthermore, and as discussed in more detail in Item 12 – Brokerage Practices, Abbott will, on occasion,
trade underlying interests in secondary markets and sell exchange-traded securities received as part of
...

Item 7 – Types of Clients

Investors in the Abbott Funds have included:

      Corporations;
      Endowments;
      Foundations;
      Insurance companies;
      Taft Hartley plans;
      Not-for-profit organizations;
      State or municipal government entities;
      State or municipal governmental pension plans;
      High-net worth individuals;
      Family Offices;
      Non-US institutions;
      Pension and profit-sharing plans;
      Sovereign wealth funds;
      Registered investment companies;
      Pooled investment vehicles; and
      Trusts.

SMA Clients have included:

      Corporations;
      State or municipal government entities (including governmental pension plans);
      Insurance companies;
      Non-US institutions;
      Pension and profit-sharing plans; and
      Pooled investment vehicles.

Abbott Fund Investors and SMA Clients are subject to applicable suitability requirements.

Abbott Fund Investors and SMA Clients must be accredited investors and, in most cases, qualified
purchasers.

As a general rule, a minimum account size of $100 Million is required for a SMA Client. In certain
circumstances, however, a smaller account size may be agreed.

In addition, Abbott Fund Investors must meet certain stated minimum commitments as set out in the
Governing Documents for the relevant fund. These minimum commitments, which can vary by Abbott
Fund, can be individually waived, increased or decreased at Abbott’s discretion.

Abbott Capital Management, LLC                                                                 10