Altriarch Asset Management LLC

Item 5: Fees and Compensation

In consideration of the Adviser’s investment advisory and other services, the Adviser typically
receives a management fee from each of the Funds, which is generally equal to a percentage
of the total capital commitments to such Fund. The fee percentage and/or the base upon which
the fee is calculated may vary with the size of the Fund and may also vary over the life of the
Fund, as negotiated and determined at the time the Fund is established and as set forth in its
Governing Documents. Fees include a fixed management fee, typically between 0.75% and
1.75% per annum (usually charged monthly, payable in arrears), of the value of each investor’s
capital account in a Fund (the “Management Fee”). The Management Fee will be paid monthly
in arrears based on the value of each Fund investor’s capital account as of the last business
day of each calendar month. The Management Fee will be adjusted for contributions,
distributions and withdrawals made during the month, if any. Management Fees at lower rates
than those stated above have been granted to certain “founding” Clients and may similarly be
offered to such Clients in the future.

In addition, affiliates of the Adviser, as general partners of the Funds, typically receive certain
allocations calculated and charged based on a share of capital gains on or capital appreciation
of the assets of such Fund, as negotiated and determined at the time such Fund is established
and as set forth in its Governing Documents. These allocations and distributions are
commonly known as “Incentive Allocations” This compensation may be paid to the Adviser
or to a related person of the Adviser and ranges from 10% to 20%. The Adviser’s affiliates
generally do not receive incentive allocations until all investors have received a rate of return
equal to the applicable “hurdle rate” specified in the respective Funds’ Governing
Documents.

In addition to paying Management Fees and, if applicable, Incentive Allocations, Client
accounts will also be subject to other investment expenses in accordance with the Client’s
investment management agreement or fund governing documents such as all investment-
related costs and expenses (i.e., expenses that, in the Adviser’s sole discretion, or in the sole
discretion of an affiliate of the Adviser serving as a general partner or a managing member
of a Fund are related to the investment of a Client’s assets, whether or not such investments

are consummated), including commissions and charges, clearing and settlement charges,
option premiums and custodial and service fees, servicing fees, research-related expenses
(including research-related travel expenses with respect to conferences or otherwise), fees
and expenses relating to consultants, and expenses relating to attorneys, brokers or other
professionals or advisors who provide research, advice or due diligence services with regard
to investments; fees and expenses related to portfolio exposure and performance management
systems, risk management services and software related to trade reconciliation, treasury,
margin, financial and counterparty management, risk monitoring, performance reporting,
valuation quotation services (e.g., Bloomberg terminals, historical and live financial data and
other similar services and data feeds) and trade order management systems (including
systems that facilitate trade compliance, commission management, stock locates and
transaction cost analysis, and third party service providers used for implementation, custom
reporting, updates, consultations, support, maintenance, monitoring and data extracts); a
Client’s legal, accounting, tax preparation and other tax-related expenses (including
preparation and mailing costs of financial statements, tax returns and other reports to
investors), auditing, consulting and other professional expenses, including any fees paid to
third party valuation agents; third-party administration costs, fees and expenses (including
any costs, fees and expenses related to investor communications, relations, reporting or other
investor materials, tax preparation and related reporting, performance information, data
extraction and other types of reporting and any audit or accounting services provided by a
third-party administrator); all fees and charges of custodians, clearing agencies and banks;
compliance and reporting expenses and expenses attributable to regulatory filings that are
made with respect to a Client or assets of a Client (including Section 13 and Section 16 of
the Securities Exchange of 1934 reporting, Form D, Form PF, Foreign Account Tax
Compliance Act reporting, anti-money laundering compliance, state security filings, general
regulatory compliance and non-U.S. position reporting filings, if applicable, and non-U.S.
filings, if any); a Client’s pro rata share of Client-related insurance costs (including the
Client’s pro rata portion of director’s and officer’s insurance, errors and omissions insurance,
fidelity insurance and other similar policies covering the Adviser and/or an affiliate of the
Adviser serving as a general partner or a managing member of a Fund); any taxes (including
but not limited to any withholding taxes, transfer taxes, stamp duties and other governmental
or self-regulatory agency-related charges or duties); all costs and expenses incurred in
attempting to protect and enhance the value of a Client investment (including any fees and
expenses associated with any pending or threatened litigation, audit, investigation,
administrative or other proceeding, as well as any settlement costs); any fees and expenses
related to a Client’s liquidation, if applicable; fees paid to proxy and securities class action
advisory firms; expenses relating to the offer and sale of a Client’s interests and withdrawals
and transfers thereof; other reasonable expenses related to the purchase, sale, preservation or
...

Item 7: Types of Clients

Currently, the Adviser provides investment advisory services solely with respect to affiliated
private pooled investment vehicles and dedicated, customized funds-of-one, which are its
sole advisory Clients (as defined in Item 4). The minimum capital commitment for the Funds
is disclosed in the respective Fund’s confidential private offering memorandum.